Fri.Jan 05, 2024

article thumbnail

Where the NAR is losing members

Housing Wire

The National Association of Realtors saw its membership numbers drop 1.11% during the last month of the year, as 17,489 former members let their membership lapse. Year-over-year, from Dec. 31, 2022, and Dec. 31, 2023, NAR lost 26,367 members, a 1.67% annual decline, according to NAR’s monthly membership report. The trade group closed out 2023 with 1,554,604 members.

MLS 431
article thumbnail

Agents will play ‘crucial’ role as AI streamlines real estate

Real Estate News

The impact of artificial intelligence covers a wide range of territory — from consumer engagement to property valuation — as the real estate landscape shifts.

Agents 248
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Are we seeing cracks in the labor market?

Housing Wire

Slowing job growth doesn’t mean a recession, but today’s jobs report tells me that the significant job gains we were accustomed to in the early part of the COVID-19 recovery period are ending, which ties nicely to how I thought labor would recover after COVID. Even though the headline number on the report today beat estimates, we are entering a new phase of the economic cycle, which means you need to know where to look to get clues for a recession.

Marketing 490
article thumbnail

Glennda Baker: Think you have a drinking problem? You probably do

Inman

Armed with the latest research, Rachael Hite talks with Glennda Baker about choosing sobriety in an industry that is always ready to party and why drinking is so harmful for women.

article thumbnail

3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

article thumbnail

G-Rate sues NAF over poaching, alleges violation of LO comp rule 

Housing Wire

Top-10 mortgage lender Guaranteed Rate has filed a lawsuit against retail rival New American Funding over poaching. But this isn’t your standard poaching lawsuit: G-Rate alleges that NAF has wooed at least 30 employees since early 2023 via illegal loan officer compensation practices. Despite the rise in poaching lawsuits in a competitive market, it’s the first time a large lender has publicly accused a competitor of violating the LO comp rule by allowing their salesforce to manipula

article thumbnail

The Chandani twins are taking TV, music and real estate by storm

Inman

From collaborating with Wiz Khalifa to scene stealing on Amazon Prime's "Twin Love," siblings Krish and Akash Chandani are betting on a big 2024 as their luxury Compass team shifts into high gear.

Brokerage 166

More Trending

article thumbnail

Prompt like a pro with ChatGPT, and you’ll get unparalleled output

Inman

Rajeev Sajja and Jimmy Burgess offer a four-step formula for making your ChatGPT input the best it can be, so you get the results you really want.

Brokerage 184
article thumbnail

What agents need to know about the impact of interest rates on the real estate market

Housing Wire

Few things affect the real estate market more than the rise and fall of interest rates , which has a ripple effect that directly influences everything from buyer behavior to market trends. Lower interest rates make mortgages more accessible, paving the way for more buyers into the market and potentially resulting in increased demand and higher prices.

article thumbnail

Industry veteran Saul Klein replaces MLS CEO accused of theft

Inman

Klein has been interim president of San Diego MLS since June, following the departure of former CEO Michael Mercurio, who allegedly embezzled $1 million from the San Diego Association of Realtors.

MLS 164
article thumbnail

Older Americans could become their children’s ‘biggest expense’ in coming years, says aging advocate

Housing Wire

The seniors who are often the parents of Generation X and Generation Y ( millennials ) could become a pronounced expense for their kids in the coming years, but adult children also want to see their parents successfully age in place. This is according to a commentary from Sarita Mohanty, president and CEO of elder financial advocacy organization The SCAN Foundation in a commentary published by Fortune.

Equity 436
article thumbnail

Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

article thumbnail

As recruiting wars heat up, Coldwell Banker nabs Texas indie

Inman

The Tate Property Group joins Coldwell Banker as the recruiting of rockstar agents and teams remains one of the low-key most important trends in real estate.

Agents 175
article thumbnail

Job gains exceed expectations in December

Housing Wire

Employers kept a brisk hiring pace in December, exceeding economists’ expectations by 46,000 jobs. Jobs increased by 216,000 in December, up from 173,000 in November, according to data released by the Bureau of Labor Statistics. Economists were expecting an addition of 170,000 jobs. With December’s numbers in, a total of 2.7 million jobs were added to the U.S. economy in 2023, an average monthly gain of 225,000, according to the BLS.

article thumbnail

Notable search features and sharp UX highlight H?m: Tech Review

Inman

Billed as a lifetime engagement solution, Hōm offers a lot for the growing agent targeting first-time buyers, but it's more an assemblage of nice-to-haves than an application designed to create meaningful change.

Design 153
article thumbnail

CBO projects FHA to lose $7 billion in 2024 receipts; budget cuts could impact reverse mortgages

Housing Wire

The Federal Housing Administration (FHA) faces a potential loss of roughly $7 billion in receipts in 2024, and a failure by Congress to come to terms on certain spending agreements could force across-the-board cuts to non-defense spending of roughly 5-to-9%. This is according to a letter published this week by the Congressional Budget Office (CBO), submitted to the chairman and ranking member of the U.S.

Mortgages 422
article thumbnail

Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

Navigated 360° tours, like YourVRTours, advance pipelines by engaging clients further along the sales funnel. These immersive experiences provide comprehensive property insights, increasing buyer intent and readiness. By embracing navigated tours, agents can optimize property exposure, better qualify leads, and streamline the sales process. Stay ahead in the ever-evolving real estate landscape with innovative technology that elevates buyer journeys and progresses pipelines more effectively.

article thumbnail

LA sued for canceling Mohamed Hadid’s spec home permits

Inman

J. Michael Issa of B. Riley Financial is alleging in a lawsuit filed in LA Superior Court last month that the city reneged on its word that permits on the property's building site were still active.

article thumbnail

Final approval hearing date set for RE/MAX, Anywhere commission lawsuit settlements

Housing Wire

A date for the final approval conference for RE/MAX’s and Anywhere’s settlement agreements in the Sitzer/Burnett , Moehrl and Nosalek commission lawsuits has finally been set. The conference is slated for Thursday, May 9, 2024, at 10 a.m., according to a text entry on the Sitzer/Burnett court docket on Friday. Both RE/MAX and Anywher e reached settlement agreements in the Sitzer/Burnett and Moerhl lawsuits in Sept. 2023, with the Nosalek plaintiffs joining the settlements in late October.

MLS 420
article thumbnail

Agents are worth more than the current commission model

Inman

Agent, attorney, coach and yoga instructor Renee Fishman joins Bernice Ross to discuss the problems and opportunities provided by the ongoing commission debate.

Agents 156
article thumbnail

A top NYC broker returns to Compass

Housing Wire

Scott Fava has returned to Compass after an almost five-year absence, the brokerage announced on Thursday. Fava is joining Compass from NestSeekers. “We could not be happier to welcome Scott and his team back to Compass and help them accomplish all their business growth and goals,” Gordon Golub, Tri-State Regional Vice President at Compass, said in a statement.

article thumbnail

Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty

Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.

article thumbnail

Airbnb vet Jonathan Mildenhall to unify Rocket’s marketing efforts

Inman

The company's first group CMO will be responsible "for creating a unified and compelling voice for all businesses" under the Rocket umbrella, including Rocket Mortgage, Rocket Homes and Rocket Money.

Marketing 147
article thumbnail

Pennymac TPO hires former Citizens Bank mortgage executive

Housing Wire

California-based Pennymac Financial Services has hired Kristy Dickey, a former executive at Citizens Bank, as first vice president of TPO sales. Dickey will be responsible for growing the lender’s broker division and support its brokers and non-delegated partners, the firm said. A total of five additional senior account executives joined Dickey. The new hires joined Pennymac after Citizens exited the wholesale channel in November.

Banks 395
article thumbnail

Chicago landlord, business groups sue to block transfer tax hike

Inman

Voters are set to decide whether to increase the tax paid on real estate sales above $1M. Landlords and business groups say referendum violates the state constitution.

Sales 149
article thumbnail

Saul Klein to lead San Diego MLS in wake of scandal

Housing Wire

San Diego Association of Realtors , which operates one of the country’s largest multiple listing service, has new leadership following the departure of alleged fraudster Mike Mercurio. Real estate industry veteran Saul Klein is taking over as the CEO and director of SDAR’s wholly-owned San Diego MLS , according to an announcement on Tuesday.

MLS 384
article thumbnail

Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.

article thumbnail

Inman’s ‘Person of the Year’ and other big names: Top 5

Inman

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Brokerage 152
article thumbnail

NAR Advocates for Private Property Rights’ Protections Before the Supreme Court

RIS Media

The National Association of REALTORS® (NAR) filed two “friend of the court” briefs in support of property owners facing unconstitutional violations of the Fifth Amendment in cases pending before the Supreme Court. In the first case, a homeowner paid thousands of dollars for a mandatory fee to obtain a land-use permit. The homeowner paid the… The post NAR Advocates for Private Property Rights’ Protections Before the Supreme Court appeared first on RISMedia.

Land 118
article thumbnail

Buyers ‘very unaware’ of how homebuying works: WAV Group

Inman

The 2024 survey, entitled, “How buyers feel about working with agents” gleaned its results from 340 homeowners who purchased within the last three years. It asked a range of questions of its subjects, one being how much time they believe their representative spent on their purchase.

Agents 121
article thumbnail

Luxury Real Estate Headlines: First Week in January 2024

Sotheby's International Real Estate

London, England | United Kingdom Sotheby’s International Realty The property includes the first two floors of the building and two levels below grade, one with a walkout terrace and the other with a skylight. A London Apartment Near Harrods Lists for Over $63M – The Wall Street Journal Two Penthouses Atop New York’s Plaza Hotel Hit the Market for a Combined $70 Million – Robb Report $825,000 Homes in South Carolina, Oregon and Pennsylvania – The New York Times This $2.5M Home by Frank Ll

Marketing 114
article thumbnail

5 Data Proven Ways Agents Can Do 18% More Business

Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.

article thumbnail

Unemployment Remains Unchanged at 3.7%

RIS Media

The U.S. added 216,000 jobs in December, and the unemployment rate was unchanged at 3.7%, according to the latest Employment Situation Summary from the U.S. Bureau of Labor Statistics. Along with the unemployment rate, the number of unemployed persons was unchanged at 6.3 million. These numbers are higher than what was seen in December 2022,… The post Unemployment Remains Unchanged at 3.7% appeared first on RISMedia.

article thumbnail

Employment Situation in November: State-Level Analysis

Eye on Housing

Nonfarm payroll employment increased in 37 states and the District of Columbia in November compared to the previous month, while 13 states lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 199,000 in November, following a gain of 150,000 jobs in October.

article thumbnail

No Closing Cost Refinance—Is it Right for You?

Bigger Pockets

A no closing cost refinance is a type of mortgage refinancing where the lender covers upfront closing costs in exchange for a slightly higher interest rate on the new loan.

article thumbnail

January Cover Story: Powerful, Profitable Connections

RIS Media

Leaders of top full-service brokerages provide resource after resource for their salesforce and staff day after day. But who supports these leaders? Who supplies them with their next great idea? Who furnishes insightful analysis and critique of that new program they are considering launching? Who gets them key intel from the front lines across all… The post January Cover Story: Powerful, Profitable Connections appeared first on RISMedia.

Brokerage 112
article thumbnail

Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty

The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.