Housing Wire
JUNE 6, 2024
The Real Brokerage announced Thursday the addition of several new teams across the U.S. last month as the publicly traded company pushed its agent count above 19,000. The newly released 2024 RealTrends Verified rankings , based on 2023 data, showed that Real was the sixth-largest brokerage in the country for sides (48,905) and ranked No. 10 for sales volume ($21.2 billion).
Keeping Current Matters
JUNE 6, 2024
Many homeowners looking to sell feel like they’re stuck between a rock and a hard place right now.
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Housing Wire
JUNE 6, 2024
Mortgage lending in the U.S. dropped by 6.7% in the first quarter of 2024 to 1.28 million mortgages secured by residential property, the 11th drop recorded in the past 12 quarters and the lowest level since the year 2000, according to the newest U.S. Residential Property Mortgage Origination Report compiled by data provider Attom. This decline contributed to a 4.8% reduction in residential lending activity compared to first-quarter 2023 and a 69.3% reduction since reaching a high point in 2021,
Real Estate News
JUNE 6, 2024
Watch the conversation with industry news leader Mitch Robinson as he offers advice for working with local news outlets to “tell your story in a proactive way.
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.
Housing Wire
JUNE 6, 2024
Doug Duncan , the chief economist at Fannie Mae , believes pressures from fiscal and monetary policy have brought volatility to the secondary mortgage market, creating a “higher-for-longer” scenario in the U.S. economy that mortgage companies should be ready to face. “Every indicator that comes out, the market judges which way would the Fed move with it.
Real Estate News
JUNE 6, 2024
Several commissions-related milestones are coming up, starting with the NAR settlement opt-in deadline in less than two weeks.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
JUNE 6, 2024
Despite an increase in supply, affordability continues to keep many buyers on the sidelines, and rates aren’t expected to fall significantly this year.
Housing Wire
JUNE 6, 2024
Relitix’s latest release of the Agent Movement Index (AMI) for April 2024 reveals a surprising shift in the dynamics of real estate agents , indicating potential changes in market conditions and strategies among brokerages. Key Highlights from April 2024 AMI: Rise in Active Agents: The data show an unexpected increase in the number of active real estate agents.
Inman
JUNE 6, 2024
Plaintiffs' lawyer Michael Ketchmark vowed legal action to enforce deal: "Anyone who thinks they can send a few emails or bury their head in the sand and avoid the application of the law is wrong.
Housing Wire
JUNE 6, 2024
Mortgage credit availability saw a slight increase in May, according to an analysis of ICE Mortgage Technology data by the Mortgage Bankers Association (MBA). The Mortgage Credit Availability Index (MCAI) rose by 0.1% to 94.1 in May. The index was initially benchmarked to 100 in 2012. The MCAI measures how tight or loose lending standards are in any given month.
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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.
RIS Media
JUNE 6, 2024
Are you wondering how to set an accurate price for a home in rough shape? Selling a house in poor condition presents unique challenges, primarily in setting a price that reflects its current state and potential market value. I will provide tips for effective pricing strategies for such properties, unpack the factors influencing their valuation… The post Pricing Strategies for Houses in Poor Condition appeared first on RISMedia.
Housing Wire
JUNE 6, 2024
Bond credit-rating organization Moody’s Investors Service has reaffirmed its “above-average” rating for the reverse mortgage servicing performance of Celink , which is the current holder of the U.S. Department of Housing and Urban Development (HUD)’s Home Equity Conversion Mortgage (HECM) servicing contract and is a HECM subservicer for several major lenders.
Inman
JUNE 6, 2024
The National Association of Realtors' Instragram post highlighting Pride Month has garnered nearly 900 comments — the majority of them against the LGBTQ+ community. The LGBTQ+ Real Estate Alliance has called on NAR to control the comments section and reprimand Realtors who've made discriminatory statements.
Housing Wire
JUNE 6, 2024
Just over a year after its further expansion into the reverse mortgage business, multichannel mortgage lender Guaranteed Rate has focused on bringing a wider swath of mortgage industry professionals up to speed with the dynamics of reverse , a trend that has unfolded in other parts of the industry as more forward lenders have expressed interest in the space.
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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.
RIS Media
JUNE 6, 2024
Of course you would like seller clients to have their homes professionally staged if you think it needs it. But sometimes homeowners will not want to spend the money or agree to make drastic changes to rooms, especially if they are living there. Creative agents can at least make suggestions that cost little, but either… The post 4 Easy Ways Sellers Can Stage Their Houses Themselves at Little Cost appeared first on RISMedia.
Inman
JUNE 6, 2024
The design company's generative AI and 3D tech will now be available to 250 Christie's International Real Estate Masters Circle agents in the U.S. and all 3,500 agents affiliated with @properties.
RIS Media
JUNE 6, 2024
The National Association of REALTORS® (NAR) had several major wins recently in the U.S. Supreme Court, advancing and protecting property rights around the country. Legal challenges in support of property rights are an important tool in public policy and advocacy, with decisions that have broad regulatory implications around the country. In 2023, NAR submitted two… The post NAR and Property Rights Win Big in Supreme Court appeared first on RISMedia.
Inman
JUNE 6, 2024
Realtors can now add information to help potential buyers search for homes that might meet their mobility needs. The new fields were added to the Nova Scotia MLS on Wednesday.
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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.
Eye on Housing
JUNE 6, 2024
Despite higher mortgage rates, limited resale inventory and strong growth in demand continued to put upward pressure on house price appreciation. House price appreciation was recorded in all 50 states and the District of Columbia. According to the quarterly all-transactions House Price Index (HPI) released by the Federal Housing Finance Agency (FHFA), U.S. house prices.
Inman
JUNE 6, 2024
Do you need some tough love to get you moving forward in your real estate business? Jimmy Burgess shares the advice that's helped him achieve the greatest success in his career.
HomeLight
JUNE 6, 2024
Moving to a new home requires a lot of planning and math. Planning often demands the lion’s share of your attention, but your financial calculations have a direct influence on the quality of life you can expect. In this post, we’ll share how to estimate utility costs for a new home. Relocating to a New City? Work With a Top Agent. Packing up and moving can be filled with uncertainties.
Inman
JUNE 6, 2024
Find out how this Alaska broker went from personal struggle to professional success and how a major disaster led her to her current company.
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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.
HomeLight
JUNE 6, 2024
Selling your home in Westminster can feel overwhelming, especially if it needs repairs and you need to sell your property quickly. Fortunately, We Buy Houses companies in Westminster make all-cash offers for homes in any condition. This can be a good move for you if you lack the time, know-how, or money to make necessary repairs or simply can’t wait to sell your home.
RIS Media
JUNE 6, 2024
Mortgage rates pulled back again after creeping up over 7% last week, ticking down to just under, averaging 6.99% this week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday. This week’s numbers: The 30-year FRM averaged 6.99% as of June 6, 2024, down from last week when it averaged… The post Mortgage Rates Pull Back Again appeared first on RISMedia.
HomeLight
JUNE 6, 2024
Selling a home in Nevada involves various costs, and one of the key expenses to consider is real estate transfer taxes. These taxes are fees imposed by the state, county, or city when the ownership of a property is transferred from one party to another. Understanding how these taxes work is important for sellers to budget effectively and avoid surprises at closing.
Inman
JUNE 6, 2024
Investigators searched the company's office as part of an inquiry into alleged apartment price-fixing in the multifamily industry.
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BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.
HomeLight
JUNE 6, 2024
Selling your home in Vermont? One cost you’ll have to deal with is real estate transfer taxes. These taxes are imposed by the state and sometimes local governments on the transfer of property ownership from a seller to a buyer. Our guide will help you understand how transfer taxes work in Vermont and what you can expect to pay when selling your property.
RIS Media
JUNE 6, 2024
Nationwide, 6.4% of homesellers cut their asking price during the four weeks ending May 26 on average, the highest share since November 2022, according to a new report from Redfin. The median asking price dropped roughly $3,000 to $416,623 in the last week, the first decline in six months. Additionally, for-sale supply is growing more… The post Report: Sellers Cutting Prices at Highest Rate Since 2022 appeared first on RISMedia.
HomeLight
JUNE 6, 2024
Understanding real estate transfer taxes is essential if you’re selling your home in Washington State. Transfer taxes, also known as the real estate excise tax in Washington state, are fees imposed by the state, county, or city governments when property ownership is transferred from one party to another. We’ll cover who is responsible for paying these taxes, the different types of transfer taxes you might encounter, and what you can expect to pay when selling your property.
Inman
JUNE 6, 2024
Previously unavailable images of the celebrity couple's $60 million Beverly Hills abode were uploaded to Zillow on June 1 and June 5.
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.
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