Housing Wire

FEBRUARY 23, 2024

Although the Greater Boston area may still be plagued by persistently chilly temperatures, its housing market is still red-hot. According to data from Altos Research , the Boston-Cambridge-Quincy, MA-NH metropolitan area was the hottest housing market nationwide as of Feb. 23, 2024. The metro area, which comprises Southern New Hampshire and the North Shore region of Massachusetts , had an Altos Market Action Index score of 60.59 in late February, over a full point higher than the second-place fi

Marketing 493

Marketing Agents Inspection As-is 493

Keeping Current Matters

FEBRUARY 23, 2024

If you’re looking to buy a home, it’s important to know how mortgage rates impact what you can afford and how much you’ll pay each month.

Mortgages 319

Mortgages 319

Housing Wire

FEBRUARY 23, 2024

The year 2024 has started with cautious optimism that mortgage rates will drop, sparking much-needed activity in the sluggish U.S. housing market. Mortgage rates, however, have been on a rising trend of late. Recent data shows that the economy is booming, while the Federal Reserve is signaling that it will take its time before cutting benchmark interest rates.

Marketing 488

Marketing Fixed-rate mortgage Sales Mortgages 488

Real Estate News

FEBRUARY 23, 2024

Losses rose as revenue, U.S. agent count dropped. After a leadership shakeup, CEO Erik Carlson said having "the right people" is "vital to our future success.

Agents 209

Agents As-is 209

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

Industrial

Housing Wire

FEBRUARY 23, 2024

We got a great existing home sales report on Thursday, but is this data already too old? Existing home sales showed a jump in sales, which was anticipated by most as we had positive, forward-looking housing data due to mortgage rates falling from 8.03% to 6.63%. However, the last four weeks have had negative trending data. This is nothing dramatic, but similar to what we saw in 2023 when mortgage rates rose from 5.99% up to 7.25%.

Sales 490

Sales Days on market Mortgages Investor 490

Inman

FEBRUARY 23, 2024

Consumer watchdog CFA hails federal agency's proposal to ban sellers from making compensation offers as a "major watershed" in promoting more competition in real estate.

MLS 200

MLS Brokerage 200

Inman

FEBRUARY 23, 2024

If you know you should be creating video for marketing, but you're out of ideas, Jimmy Burgess offers plenty of strategies that are working now.

Marketing 190

Marketing Agents 190

Housing Wire

FEBRUARY 23, 2024

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation between unemployment and delinquency rates, some homeownership costs — including insurance — have increased significantly over the past two or three years, which has had a strong financial impact on homeowners.

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Industrial Closing FHA loan Loans 479

Inman

FEBRUARY 23, 2024

The additional boost to 2024 home sales might come at the expense of slightly slower growth next year due to elevated mortgage rates, forecasters said.

Sales 185

Sales Mortgages Marketing 185

Housing Wire

FEBRUARY 23, 2024

Less than 24 hours after announcing Nick Bailey’s departure from the firm, RE/MAX executives found themselves on a call with investors and analysts to discuss the company’s fourth-quarter and full year 2023 earnings. In his opening remarks, Erik Carlson, who was named CEO of RE/MAX Holdings in November, mentioned the promotions of Amy Lessinger , who is replacing Bailey as RE/MAX president, Abby Lee and Susie Winders, but he made no mention of Bailey other than to note his departure.

Agents 435

Agents Brokerage Branding Investor 435

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Brokerage

Inman

FEBRUARY 23, 2024

New Inman contributor Milena Monet writes that happiness is not just a destination but a continuous pursuit fueled by meaningful connections, personal growth and purposeful actions.

Brokerage 170

Brokerage Agents 170

Housing Wire

FEBRUARY 23, 2024

The U.S. Department of Housing and Urban Development (HUD) on Friday announced a series of funding opportunities totaling roughly $3.86 million, which will go toward organizations aiming to boost housing inventory and availability through methods including off-site construction and office-to-residential conversions. “As we’re seeing more and more, our nation’s housing stock does not meet the needs of our growing country,” said HUD Secretary Marcia Fudge in a statement announcing the Notices of F

Construction 456

Construction Land Residential Principal 456

Inman

FEBRUARY 23, 2024

Zillow announced in a February 21 press release that the AI-driven marketing stack for listing agents, Listing Showcase, sold under the ShowingTime+ brand is now ready for primetime.

Branding 168

Branding Agents Marketing Technology 168

Housing Wire

FEBRUARY 23, 2024

The gap between Black and white renter families that could afford a mortgage narrowed significantly during the COVID-19 pandemic, according to a Zillow report released Friday. About 7.8% of Black renter families earned enough income in 2022 to afford a mortgage with a 3% down payment, compared to 12.5% of white families that year — representing a gap of 4.7 percentage points.

Mortgages 459

Mortgages Lending Equity 459

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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.

Agents

Inman

FEBRUARY 23, 2024

Guttentag "remained sharp to the end” and continued researching and writing about mortgages until passing away peacefully on Feb. 6.

Mortgages 181

Mortgages Industrial 181

Housing Wire

FEBRUARY 23, 2024

Rocket Companies , the parent of Rocket Mortgage , lost money in 2023 , but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting a GAAP net loss of $390 million in 2023, investors seem to be sold on the company’s path towards Rocket’s “AI-fueled homeownership strategy,” a phrase repeatedly used by executives in a fourth-quarter earnings call on Thursday.

Equity 443

Equity Bankruptcy Loans Banks 443

Inman

FEBRUARY 23, 2024

No stranger to making headlines, here’s what founder and CEO Mauricio Umansky has been up to since Season 1 wrapped and what to expect this season.

Agents 178

Agents 178

Housing Wire

FEBRUARY 23, 2024

In December 2023, a startling rumor started to spread on social media — that large institutional buyers had purchased 44% of the available homes on the market in 2023, leaving policymakers concerned with the potentially predatory grip of these entities. HousingWire lead analyst Logan Mohtashami immediately debunked the claim. In fact, a recent study published by SFR Analytics shows that purchase activity among institutional buyers significantly decreased in 2023.

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Investor New Construction Land Residential 443

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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.

Agents

Inman

FEBRUARY 23, 2024

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 177

Brokerage Agents 177

Housing Wire

FEBRUARY 23, 2024

Revenue rose at eXp World Holdings during the fourth quarter of 2023, but the firm was unable to overcome a slow housing market, resulting in a $21 million loss and slower agent count growth. Revenue at the parent company of eXp Realty was up 5% year-over-year to $983 million during the fourth quarter of 2023, executives disclosed on Thursday. For the full year of 2023, revenue reached $4.28 billion.

Agents 432

Agents Principal Residential Sales 432

Inman

FEBRUARY 23, 2024

Real estate coach Bernice Ross shares top insights about the future of AI from MIT professor Dr. R. David Edelman from ICNY 2024.

Technology 174

Technology Agents 174

Housing Wire

FEBRUARY 23, 2024

Middle-income Americans who are 75 and older are at serious risk of a retirement crisis, according to a new research brief from the National Opinion Research Center (NORC) at the University of Chicago. “Our cumulative research has projected an impending crisis without a clear policy solution: a majority of middle-income older adults will be unlikely to afford needed care and housing in the next decade, potentially challenging their ability to age with dignity , choice, and independence,” the res

Finance 430

Finance As-is 430

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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.

Sales

Inman

FEBRUARY 23, 2024

Advocates had hoped to quadruple the tax buyers pay on residential and commercial real estate purchases if voters approved the measure next month.

Commercial 161

Commercial Residential Agents 161

Housing Wire

FEBRUARY 23, 2024

For many real estate agents, a logical step on their path of professional development is becoming a real estate broker, then working as either a managing broker or a broker-owner. However, unlike other industries where promotion to the management level is generally tied to additional income, some brokers find themselves struggling to perform at the same financial level as their most successful agents.

Brokerage 407

Brokerage Development Property Management Title 407

NAR: Economic Outlook

FEBRUARY 23, 2024

The Share of All Cash Buyers Highest Since 2014 at 32% Since October 2022, all-cash home buyers who did not finance their recent home purchase have been more than one-quarter of the real estate market.

Finance 131

Finance Marketing 131

Housing Wire

FEBRUARY 23, 2024

Roughly 24 hours after filing an objection to the U.S. government’s motion to stop the gathering of evidence in a case against Ginnie Mae , Texas Capital Bank (TCB) responded to the government’s attempt to dismiss the entirety of the bank’s complaint. The case stems from Ginnie Mae’s extinguishment of Reverse Mortgage Funding (RMF) from its reverse mortgage-backed securities program.

Banks 407

Banks Bankruptcy Lending Finance 407

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Brokerage

Eye on Housing

FEBRUARY 23, 2024

With home building volumes lower, labor shortages have eased considerably since record levels set in 2021 but remain relatively widespread in a historic context, according to results from the latest NAHB/Well Fargo Housing Market Index (HMI) survey. The February 2024 HMI survey asked builders about shortages in 16 specific trades. The percentage of builders reporting a shortage (either some or.

Marketing 124

Marketing 124

Inman

FEBRUARY 23, 2024

As many as 15,000 members of St. Louis-based MARIS will have access to ApplyLink, RentSpree's solution for slow lease transactions, dated lead capture, conversion tactics and rental workflows.

MLS 127

MLS Technology 127

RIS Media

FEBRUARY 23, 2024

Last year was filled with pressing difficulties in the real estate realm—throughout the United States and beyond—although virtual brokerage eXp was able to increase its Q4 revenue by 5%, a notable jump compared to the same period in 2022, amounting to $983 million year-over-year. Full-year revenue amassed $4.28 billion. It’s worth highlighting, however, that the… The post eXp Posts Profitable Q4, Positioned to Capitalize on Future Growth Opportunities appeared first on RISMedia.

Brokerage 124

Brokerage Industrial Marketing 124

Seattle Times Real Estate

FEBRUARY 23, 2024

State lawmakers are considering legislation to encourage micro-housing with shared common spaces, denser housing near transit, and conversions of office buildings into homes.

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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.

Agents