New Home Source Professional Debuts Refreshed Site

New Home Source Professional Debuts Refreshed Site

New Home Source RMLS Homepage

New Home Source Professional unveiled a site overhaul this week. The new site, which was the result of feedback from working REALTORS® across the country, introduces several new tools for RMLS™ members to find new homes and communicate with clients about them.

Here are five features worth checking out:

New Home Source RMLS Search

Multiple Search Options
On the refreshed New Home Source Professional site, filters and sorting have been improved. Select multiple cities, ZIP codes, or school districts. You can even search within a map! Users will have multiple search result options including list, map, or photo view, with quick previews.

Saved Listings, Saved Searches, Listing Reports
When you find new homes or communities that you like, save them! You can save the listings, save the search, or download and print PDF reports for each property.

Your Own New Home Website
Enhance your brand as a local new home expert with a branded consumer portal. This serves as both a way to communicate with clients and attract new buyers. Free!

Drive More Leads for Your Business
Potential home buyers can visit your consumer portal (free!), search new homes, then interact with you directly. Integrate it into your current website, email signature, and social media accounts to generate new clients.

Track All Client Activity

Which actions are your clients taking? You’ll know exactly what they’re doing on the site and can respond with timely, helpful communications. Net result? Efficient use of time for both you and your client, from initial engagement through a home purchase.

Sound exciting? Connect to New Home Source Professional via the link in the left-hand sidebar on RMLSweb or by navigating to Toolkit and clicking “New Home Source.” Search for a perfect new home for your client today!

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New Home Source Professional Debuts Refreshed Site

Residential Distressed Properties for First Quarter (January-March) 2016

AllAreasQ1DistressedSM

This chart shows the number of bank owned/REO properties and short sales in all areas of the RMLS™ system during the first quarter of 2016.

Below are links to additional charts for some of our larger areas.
Portland Metro Area Distressed Properties (1st Quarter 2016)
Clark County, WA Distressed Properties (1st Quarter 2016)
Lane County, OR Distressed Properties (1st Quarter 2016)
Douglas County, OR Distressed Properties (1st Quarter 2016)
Coos County, OR Distressed Properties (1st Quarter 2016)

Here are some additional facts about distressed residential properties in the first quarter of 2016:

All areas when comparing percentage share of the market, first quarter 2016 to fourth quarter 2015:
• When comparing first quarter 2016 to fourth quarter 2015, distressed sales as a percentage of new listings decreased by 3.0% (7.1 v. 10.1%).
• In a comparison of first quarter 2016 to fourth quarter 2015, distressed sales as a percentage of closed sales decreased by 2.1% (10.6 v. 8.5%).
• Short sales comprised 1.5% of new listings and 1.9% of sales in the first quarter of 2016, down 0.7% and up 0.2% from the fourth quarter of 2015, respectively.
• Bank owned/REO properties comprised 5.6% of new listings and 8.7% of sales in the first quarter of 2016, down 2.3% and up 1.9% from the fourth quarter of 2015, respectively.

Portland metro when comparing percentage share of the market, first quarter 2016 to fourth quarter 2015:
• When comparing first quarter 2016 to fourth quarter 2015, distressed sales as a percentage of new listings decreased by 3.2% (6.0 v. 9.2%).
• In a comparison of first quarter 2016 to fourth quarter 2015, distressed sales as a percentage of closed sales increased by 1.9% (9.6 v. 7.7%).
• Short sales comprised 1.4% of new listings and 2.2% of sales in the first quarter of 2016, down 0.7% and up 0.4% from the fourth quarter of 2015, respectively.
• Bank owned/REO properties comprised 4.6% of new listings and 7.4% of sales in the first quarter of 2016, down 2.5% and up 1.5% from the fourth quarter of 2015, respectively.

Clark County when comparing percentage share of the market, first quarter 2016 to fourth quarter 2015:
• When comparing first quarter 2016 to fourth quarter 2015, distressed sales as a percentage of new listings decreased by 1.2% (5.8 v. 7.0%).
• In a comparison of first quarter 2016 to fourth quarter 2015, distressed sales as a percentage of closed sales remained unchanged (6.0 v. 6.0%).
• Short sales comprised 2.5% of new listings and 1.9% of sales in the first quarter of 2016, down 0.9% for new listings and exactly matching sales when compared to the fourth quarter of 2015, respectively.
• Bank owned/REO properties comprised 3.3% of new listings and 4.1% of sales in the first quarter of 2016, down 0.3% and exactly matching the fourth quarter of 2015, respectively.

If you’d like more information or percentages of distressed residential sales in other areas not represented by our charts, please contact us at communications@rmls.com.

New Home Source Professional Debuts Refreshed Site

Chatting About the Early Days of RMLS™ with Dave Koch

Dave Koch

This year marks the 25th anniversary of RMLS™. Throughout the year, RMLS™ Executive Assistant Angel Johnstone will be writing about people who have been vital to the 25 year history of RMLS™. This month, she explores the early days with one of the RMLS™ founders, Dave Koch.

After over a year of research, planning and organization, RMLS opened its doors for service May 1, 1991. Seasoned REALTOR® Dave Koch had been managing an office with Coldwell Banker in Oregon City when he took a six month leave of absence to focus specifically on the budding organization. At the request of other local brokers, he became the first board chairman for RMLS.

As we celebrate the 25th anniversary of RMLS service throughout 2016, it is a great time to reflect upon the challenges and success RMLS™ has met over the years. Where better to begin this retrospect than at the beginning?

In 1990, Portland area REALTORS® found space and opportunity in the MLS market to create an MLS fashioned by the REALTOR®, for the REALTOR®. The project to create this new MLS was spearheaded by Dave Koch, who I had the opportunity to sit down and visit recently.

I had some questions about how and why RMLS was formed. Dave told me that “in the early 90s there was a lot of merging of REALTOR® organizations” and that the time was ripe for a new type of MLS in the Portland neighborhood. Dave lead the undertaking of the new MLS assembly with support from the existing four area association boards; James F. Sherry and Associates, Inc., a hired consulting firm; and invaluable legal counsel from Steve Russell. (Fortunately for RMLS™, Steve Russell continues to be our legal counsel to this day.)

The initial objectives of the new system were to 1) make it better, 2) make it more cost effective and 3) make it ours (REALTOR®-owned). Dave explained the vision, saying “we defined the plan, the organization, that it would have a board of directors made up by brokers and sales people, and so the policies directly developed by the organization would be from brokers and salespeople, predominately brokers.” This sentiment is established in the RMLSfounding mission which states in part, “this MLS must be sensitive to the needs and desires of the membership and must be made operational with a minimum of disruption of service. The MLS must conduct its business affairs in such a way that the MLS remains a viable contracting entity, capable of effectively representing its membership…”

Dave remembered, “it was very competitive for awhile and basically towns won’t support two multiple listing services so we knew we had to get to the majority or we would fail. So I was out making calls to the different brokers, big brokers and small brokers, and doing presentations around all four of the boards.” He said the new MLS was well received and there was wide support early on reaching about 50% of the subscribership in the first few months. It didn’t take long for RMLS to gain footing in the local market as it was molded and crafted to specifically answer the needs of its subscribers.

Following his year of service as board chairman, Dave has continued subscribership with RMLS to this day. He is currently a Principal Broker out of RE/MAX in Canby, sometimes even greeting clients in the front office, in order to stay involved and in tune with all aspects of the process. He remains quite active within the profession having served the real estate industry since 1976!

Stay tuned as we explore the evolution of RMLSover the last 25 years—from books to electronic listings, area expansion and growth—keeping in mind the core mission of functionality and affordability for its valued subscribers.