Sat.Aug 10, 2024

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Have lower mortgage rates boosted housing demand yet?

Housing Wire

Have lower mortgage rates positively impacted the housing demand data yet? Some people have been very disappointed with the data so far, so I wanted to take an in-depth look with this week’s tracker to see what lower rates have done to these key data lines. Let’s look at two of those data lines today to see if we can spot a positive trend.

Mortgages 515
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How 2 agents took white-glove service to a higher level

Real Estate News

For some agents, going above and beyond is just part of the territory — and can be the key to closing the deal.

Agents 279
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Can you survive the squeeze from 2% commissions? The Download

Inman

The Consumer Federation of America raised eyebrows and hackles with its advice to pay only the equivalent of a 2 percent commission for both real estate purchases and sales.

Sales 192
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Brokerage Beat: News from Jack Conway, Christie's, Real, The Agency

Real Estate News

Massachusetts powerhouse Jack Conway acquires South Shore firm; Christie's Real Estate adds Trusts & Estates division; Real, The Agency gain high-value teams.

Brokerage 209
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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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Why you probably shouldn’t open a real estate brokerage

Inman

The wisest thing you can do is learn from the mistakes of others, especially when it comes to long-term career decisions that are hard to reverse, Mainframe founder and CEO Sean Frank writes.

Brokerage 187
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Mortgage Rates Hit Lowest: Predictions for Aug and Sept 2024

Marco Santarelli

In a significant shift that brings relief to prospective home buyers, mortgage rates decreased to the lowest level in over a year , with the average rate for a 30-year fixed-rate mortgage (FRM) recently dropping to 6.47% as reported on August 8, 2024. This announcement was highlighted in the Primary Mortgage Market Survey® by Freddie Mac, a trusted source of mortgage data.

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Passive Income Ideas With Little or No Money (2024)

Marco Santarelli

In 2024, the pursuit of financial independence remains a significant goal for many individuals. With the expansion of the gig economy and the digital marketplace, passive income streams have emerged as an appealing avenue for augmenting earnings without the constraints of traditional employment. Below are twenty passive income ideas that necessitate minimal initial investment and have the potential to pave the path to financial freedom.

Lending 98
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Real Estate Wire Fraud: How One Couple Lost Over $30K to an Email Scam

BAM Media

A Denver couple is now out more than $30,000 after responding to an email that came just days away from closing on their new home. CBS News reported on the story as another heartbreaking example of how pervasive and adaptable email scams have become. The email appeared to be a discussion between the LeMays’ lender and their title company, First American.

Title 52
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Mortgage Refinancing Surges as Interest Rates Drop in August 2024

Marco Santarelli

In August, falling mortgage rates have led to a surge of interest in refinancing , creating a wave of excitement among homeowners keen on lowering their monthly payments. As mortgage rates drop to their lowest levels in over a year, homeowners are eager to take advantage of this opportune moment to refinance, significantly impacting their financial situations.