Housing Wire
NOVEMBER 12, 2024
Home Depot raised its fiscal outlook after strong third-quarter 2024 sales, driven by demand for seasonal goods and hurricane preparation in the Southeast. The world’s largest home improvement retailer and fourth-largest U.S. retailer by market capitalization reported $40.2 billion in sales for the quarter ending Oct. 27. That exceeded analysts’ projections of $39.31 billion.
Keeping Current Matters
NOVEMBER 12, 2024
Over the past few years, some homeowners have decided to delay their move because they don’t want to sell and take on a higher mortgage rate on their next home.
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Housing Wire
NOVEMBER 12, 2024
Detroit-based Rocket Companies , the parent of Rocket Mortgage , saw its strategy of investing in technology and expanding its servicing portfolio start to pay off in the third quarter of 2024. It originated $28.5 billion in loans during the period — up 28% year over year. Short-lived relief in mortgage rates led to a double-digit increase in mortgage production and gains in market share during the period, executives said.
Real Estate News
NOVEMBER 12, 2024
Inexperienced buyers have a lot of questions — about financing, buyer agreements, resources for first-timers and more — and agents need to have the answers.
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In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.
Housing Wire
NOVEMBER 12, 2024
Cornerstone Financing , a venture co-founded by former Reverse Mortgage Funding (RMF) CEO Craig Corn, has secured $285 million in financing through global investment firms Aquiline Capital Partners LP and Nomura. The funding will go to support the company’s specialty home equity-tapping product known as the Cornerstone Home Equity Insurance/Investment Funding Solutions (CHEIFS).
Real Estate News
NOVEMBER 12, 2024
Hitt had been with the Germany-based luxury franchisor since 2010. Chief Strategy Officer Stuart Siegel will serve as interim CEO.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Inman
NOVEMBER 12, 2024
Carl Medford analyzes the new Opportunity Report to see what it means for organized real estate, state regulatory agencies and key stakeholders in the second part of his series.
Housing Wire
NOVEMBER 12, 2024
Digital mortgage exchange platform and loan aggregator MAXEX announced on Tuesday the hiring of mortgage technology veteran Daniel Wallace as its new chief operating officer. Wallace brings more than 30 years of experience as a leader of tech-focused mortgage, asset management and capital market platforms. Bill Decker, MAXEX president and co-founder, highlighted Wallace’s expertise in mortgage technology as a valuable asset for the company. “Dan Wallace is exceptionally well qualifie
Inman
NOVEMBER 12, 2024
Approved handily, the proposal was one of 11 from NAR's Culture Transformation Commission, a group founded a year ago in the wake of accusations of harassment, intimidation and retaliation.
Housing Wire
NOVEMBER 12, 2024
As 2025 approaches, state-funded down payment assistance (DPA) programs are helping veterans , service members and surviving spouses achieve their dreams of homeownership. This comes from a new survey by Down Payment Resource — a nationwide database designed to connect prospective homebuyers to financial assistance opportunities. The study analyzed DPA programs from more than 1,300 housing finance agencies, municipalities, nonprofits and other organizations.
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As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.
Inman
NOVEMBER 12, 2024
Sitting an open house for a listing agent is a "golden opportunity" to generate leads and practice your home-showing skills with potential buyers, Realtor Jonathan Pressman writes.
Housing Wire
NOVEMBER 12, 2024
For Nykia Wright , CEO of the National Association of Realtors , 2025 is going to be all about turning NAR into a trade association for the future while rebuilding relationships with members. “NAR is really focused on rebuilding the association for today and tomorrow,” Wright told NAR members gathered in Boston Monday for the trade group’s board of directors’ meeting at the conclusion of the NAR NXT conference.
Inman
NOVEMBER 12, 2024
Bringing the focus back to the local level isn't just good for your real estate business, trainer Bernice Ross writes. It's good for healing the political divisions exacerbated by this year's election.
Housing Wire
NOVEMBER 12, 2024
It appears that Howard Hanna Real Estate Services ‘ reprieve from the Moratis commission lawsuit — formerly known as the Spring Way suit — will be short-lived. Last week, the plaintiffs in the suit filed a notice of appeal of a lower court’s decision to dismiss both Howard Hanna and West Penn MLS from the suit with prejudice. The appeal was filed with the Third Circuit Court of Appeals.
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Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.
Inman
NOVEMBER 12, 2024
In the wake of the National Association of Realtors' 3-month-old rule change, executives are reassessing agent pay amid pressure on commissions, an analysis of Q3 earnings data shows.
Housing Wire
NOVEMBER 12, 2024
Weichert Realtors has taken a page from eXp World Holdings and settled the commission lawsuits — but with the Hooper (formerly Phillips ) plaintiffs rather than with the Gibson plaintiffs. According to documents filed in the Gibson suit last week, Weichert reached a settlement with the Hooper plaintiffs on Nov. 5. The brokerage is asking the court to stay proceedings as they pertain to Weichert in the Gibson suit, pending its settlement.
Inman
NOVEMBER 12, 2024
Secret profits, deceitful acts or undisclosed compensation by Realtors could lead to action from multiple enforcement bodies, including NAR, MLSs and state regulators, Summer Goralik writes.
Housing Wire
NOVEMBER 12, 2024
Anthony Hitt is stepping down as the president and CEO of Engel & Völkers Americas. The brokerage firm announced Tuesday that Hitt will be stepping down from his leadership roles at the end of 2024 in order to “focus on personal endeavors.” Hitt began his career at Engel & Völkers Americas in 2010 and has served as the firm’s CEO and president since 2013.
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Inman
NOVEMBER 12, 2024
Stuart Siegel, the Americas chief strategy officer, will serve as interim president and CEO until a permanent replacement has been found for Hitt, who has served with the luxury brand since 2010.
Brownstoner
NOVEMBER 12, 2024
After years of back and forth, it looks like Continuum’s planned residential tower on the former Spice Factory site near Brooklyn Botanic Garden will go ahead, with the developer, local Council Member, and garden leadership announcing today they have reached a deal on the development’s height and affordability limits. The… Read More > The post New Deal: Proposed Spice Factory Tower Won’t Shadow Botanic Garden After All appeared first on Brownstoner.
Inman
NOVEMBER 12, 2024
Compass Resort aims to provide referrals, collaboration and other resources to agents who work with clients focused on vacation properties and secondary homes.
Calculated Risk Real Estate
NOVEMBER 12, 2024
NOTE: The tables for active listings, new listings and closed sales all include a comparison to October 2019 for each local market (some 2019 data is not available). This is the second look at local markets in October. I’m tracking over 40 local housing markets in the US. Some of the 40 markets are states, and some are metropolitan areas. I’ll update these tables throughout the month as additional data is released.
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Inman
NOVEMBER 12, 2024
Corcoran The Baja Real Estate Co., owned and led by Blake Harrington, has joined the brokerage's network and will serve the greater Cabo San Lucas market.
RIS Media
NOVEMBER 12, 2024
Century 21 Real Estate LLC has announced it is growing its network along the Pacific Coast with its latest affiliation of Pacific Realty, based in Long Beach, Washington. The boutique firm has served communities along the coast for roughly 50 years, most recently under the leadership of Leslie Brophy. Under Brophy’s leadership, the firm and… The post Century 21 Expands into Washington State’s Pacific County appeared first on RISMedia.
Inman
NOVEMBER 12, 2024
Florida-based community bank sells its Houston branches to MidFirst Bank, but growing mortgage subsidiary Amerant Mortgage has a presence in most states.
Brownstoner
NOVEMBER 12, 2024
This week, a look back at four of our featured listings from six months ago focuses on homes in Carroll Gardens, Fort Greene, Sunset Park, and Sea Gate. How did they fare? An Italianate in Carroll Gardens is set up as a two-family with a triplex above a garden rental. The… Read More > The post Brooklyn Real Estate Listings Six Months Later: Three Sold, One in Contract appeared first on Brownstoner.
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.
Inman
NOVEMBER 12, 2024
While a new coat of paint can transform a home, it can also work against you if the colors don’t resonate with potential buyers. According to a report from Fixr, the 2024 paint color trends are in, and listing agents are weighing in on how certain hues can impact a home’s value.
HomeLight
NOVEMBER 12, 2024
If you’re a homeowner in Virginia looking to sell quickly and avoid the usual listing hurdles, a cash home buyer could be a god option. Virginia’s housing market is cooling, with homes taking longer to sell. This could be a good time to consider a cash home buyer, especially if you value speed and convenience. In this guide, we’ll explain how to find and sell to Virginia cash home buyers and walk you through the entire cash sale process, step-by-step.
Estate Agent Today
NOVEMBER 12, 2024
The Government has faced criticism after closing down the Office for Place, which had been setup under the Tory regime to ensure design and quality was at the heart of housing supply.
HomeLight
NOVEMBER 12, 2024
It’s a common term in the real estate industry, buyer beware or caveat emptor. But what does it mean to home sellers? Is this a legal safety net that protects you against all liabilities in a home sale? The answer depends on the location and condition of your house. How the principle is applied can impact what you need to disclose to buyers about your property.
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Strategic real estate professionals know that the name of the game right now is to stay informed, adaptable, and ready to make confident decisions. In this free download, Inside Real Estate CEO, Joe Skousen, shares what he believes are the top 4 most impactful actions in real estate right now. We've been actively engaging with industry experts, analyzing data, and listening intently to the experiences of our agents on the ground.
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