This week at Mega Agent Camp in Austin, Texas, Gary Keller, the co-founder and executive chairman of Keller Williams, and Andy Florance, the co-founder and CEO of CoStar, had a candid conversation on entrepreneurship and technology.

Florance, one of the longest-serving CEOs in modern business history, reflected on his 38.5 years at the helm of CoStar. He recounted the company’s early days, combining his passion for real estate with cutting-edge technology to create one of the most influential platforms in the industry. 

“I come from a family, a real estate family,” said Florance. “Mom was a real estate agent for 50 years. My brother has been a real estate agent for 45 years, and my dad’s an architect who was doing residential and commercial. I got my real estate license in my sophomore year in college.”

The Drive Behind Decades of Leadership

Despite the challenges of leading a company for nearly four decades, Florance expressed that his drive comes from innovation and making a tangible difference in the industry. 

“If I didn’t make any money doing it, I would still come back,” said Florance, emphasizing his enduring passion for creating new products that impact the market.

San Diego's suburbs offer a range of living environments, from beachside communities to family-friendly inland neighborhoods. Here are some of the notable suburbs around San Diego: 1. La JollaHighlights: Known for its stunning coastline, upscale homes, and vibrant arts scene. La Jolla offers some of the most picturesque views in Southern California...

A new study shows that the temporary increase in the credit in 2021 empowered some mothers to move on from unwanted partners.

This week’s properties are a six-bedroom in Saddle River, N.J., and a four-bedroom in New Rochelle, N.Y.

The suburbs surrounding Washington, D.C., offer a diverse range of communities, each with its unique character, amenities, and lifestyle. Here's an overview of some of the most notable suburbs around the nation's capital: 1. Arlington, Virginia Overview: Just across the Potomac River, Arlington is a bustling urban suburb known for its proximity to ...

A three-bedroom bungalow in Minneapolis, a two-bedroom Craftsman home in Pittsburgh and a three-bedroom Cape Cod-style cottage in Hagerstown.

“If somebody comes in and just does it for you, you miss out”: A beginner shares what his first garden taught him.

Framing artwork is just the first step. Figuring out how (and where) to hang it takes some doing.

A Florida woman was determined to find the birth family she never knew she had. The trail led to the New York area, where she and her girlfriend now live.

We asked the experts for some shortcuts — because “budgets don’t always allow for a professional framer.”

A new building in Fort Greene was designed to encourage a more intimate living space, according to the builders.

A renovated 1951 house in Los Angeles, a home with San Francisco Bay views in Greenbrae and a shingled house near the water in Manhattan Beach.

Austin, Texas, is known for its vibrant culture, beautiful landscapes, and rapidly growing population. The suburbs around Austin offer a variety of living experiences, from quiet, family-friendly communities to more bustling areas with plenty of amenities. Here's a guide to some of the most popular suburbs around Austin: 1. Cedar Park Location: Nor...

To live in a rent-stabilized apartment in New York, it must be your primary residence. But how far can you bend the rules?

Specializing in a niche as a real estate agent can help you stand out in a crowded market. Here are some tips for choosing and succeeding in a real estate niche: 1. Identify Your Passion and Expertise Assess Your Interests: Choose a niche that aligns with your passion, whether it's luxury homes, first-time homebuyers, eco-friendly properties, or co...

“It’s probably the best place I’ve ever lived,” said the owner of a little house in the mountainous Methow Valley of Washington.

On Ambergris Caye, the Belize island known for its water sports and pristine beaches, buyers can find resort condos and single-family homes.

Elementary school children have been writing letters to Mayor Eric Adams in an effort to save Elizabeth Street Garden, where the city is planning to build housing.

Unpredictable Trends and Shifting Dynamics Amid Seasonal Slowdown

July is the time of year when we historically see the Denver real estate market slowdown. With kids out of school, people on vacation, and others enjoying the city’s warm weather and outdoor activities, real estate transactions often take a back seat. However, this year, the market has been as unpredictable as Denver’s weather. As the saying goes, if you don’t like the weather, wait five minutes—a sentiment that seems equally applicable to the housing market. Sellers may need to exercise patience, as even amazing properties can sit on the market, while less remarkable homes sell quickly, leaving many scratching their heads. 

Many local real estate agents feel we are transitioning into a buyer’s market. This shift is difficult to define, as the pandemic has upended our traditional understanding of what constitutes a seller’s market versus a buyer’s market. Statistics suggest we are moving toward a balanced market (4-6 months of inventory), with 2.86 months of inventory steadily increasing throughout the year. However, in certain price ranges and neighborhoods, the market has clearly become a buyer’s market due to a wide variety of options. It’s important to remember that real estate is hyperlocal, and many factors can influence each home for sale. Beyond the usual aspects like location, size, and condition, factors such as interest rates and the size of the buyer pool can make one home a hot commodity while another sees less interest.

August Events Around Town!

And a couple early September events…

August 9th-18th: Western Welcome Week