MRED Blog

MRED Chief Technology Officer Chris Haran talked about how the MLS industry is adopting cutting-edge technology to help brokers. The comments came in Mainstreet Organization of REALTORS® “Who’s Who in Real Estate” virtual event. Haran delivered remarks on a range of important industry topics with an eye on the future and how to be a leader.

Computer vision: Artificial intelligence looks to be a key part of the future of technology offerings as organizations try to deliver the best value, service and products to consumers. MRED is using computer vision to help agents save time in connectMLS. This AI technology allows agents to auto-populate image/room titles and features in listing photos. Learn more.

Integration and interoperability: The industry’s wide variety of technology solutions can create difficulties when those programs are forced to interact. That’s why MRED is working to give subscribers a choice in the systems they use without fear of difficulty. MRED’s work with the Real Estate Standards Organization (RESO) goes a long way to freeing your data and increasing ease of use, no matter what platform you’re using.

Getting involved: Everything MRED does is for the benefit of its subscribers and the clients they serve. That’s why MRED wants to hear your feedback and suggestions on our products and services. You can do this through participating in discussions on online forums and being part of a brokerage that signs on as a Preferred Unit Owner.

The weather may be cold, but the market compared to last year is hot. Homes under contract beat last year’s numbers by 19 percent.

Learn more in the weekly market snapshot.

Five weeks into the year new, MRED’s marketplace is still awaiting the increase in new listings that accompanies the start of the spring market. During the same week that saw an 80% jump in new listings in 2020, the year 2021 brought just a 7% bump. This while several other key market indicators remained largely steady week-to-week, indicating the busy season is still yet to come.

Get the full picture in the weekly market snapshot.

Closed listings in MRED’s marketplace reached their highest total in nearly two months following a 36% week-over-week jump. The number of closed listings during final week of January also beat out 2020’s total by 6% compared to the same period.

Learn more in our Weekly Market Snapshot.

Reliable data is essential to every real estate transaction. That’s why Remine aims to improve data accuracy and quality within its platform in 2021. See below for the next steps Remine will take to ensure this.

Remine has deployed a new data corrections team as part of its improved data verification process. When agents report discrepancies in public record data, Remine’s team will investigate the issue and make any necessary corrections. The ability for Remine to directly make corrections for a property or a county will significantly improve request turnaround times. If you submit a correction request, Remine will work to resolve it as quickly as possible. Most requests are completed within 3-5 business days. 

Remine will also be partnering with Neustar, an industry leader in consumer intelligence, to improve data within the platform. Agents will soon see this reflected in the contact information displayed in the Associated People section of the Property Details page. This new data source will provide agents with access to more accurate and quality data. 

Learn More 

Learn more about Remine data improvements and how to leverage its data by attending a Data 101 with Remine webinar. 

You can also find more information on the Remine blog.

Listings under contract in MRED’s marketplace continued to outperform numbers from previous years, extending a run of year-over-year increases that goes back to May of 2020. This leading indicator reflected a 39% increase over the same time last year. This trend continued even as other indicators dipped on a weekly basis, including new and closed listings.

Get the full picture in our Weekly Market Snapshot.