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Over the last few months, the luxury real estate market has experienced the return of a more normal pace of doing business for those looking to buy and sell their homes. Initial trends also indicate a moderation in the levels of sales and price increases, according to the latest report from The Institute for Luxury Home Marketing.

However, while the frenzy may have settled, it’s important to note that prices are still trending upwards. This is because an inventory shortage remains the dominating factor affecting current market dynamics.

Elm Street Technology recently announced the acquisition of OutboundEngine, a marketing automation software company based in Austin, Texas. The acquisition of OutboundEngine complements and expands Elm Street’s Elevate platform, which provides an end-to-end suite of real estate technology and marketing services.

John L. Scott, a full-service residential real estate company serving the Western U.S., celebrates 90 years of business. What began in 1931 with a young, Scottish immigrant named John L. Scott setting up a shop in the burgeoning city of Seattle has since evolved into over 100 offices with more than 3,000 agents throughout Washington, Oregon, Idaho and California.

While this past Labor Day marked the official 90-year milestone, John L. Scott has been celebrating all year long with a myriad of community-focused initiatives.