Housing Wire

JULY 24, 2024

While there is no doubt that the Florida housing market has slowed since the height of the post-pandemic homebuying boom, the state’s condominium market has been especially hard hit, according to local agents. “It has definitely slowed,” said Cyndee Haydon , a Seminole-based agent for Future Home Realty. “Inventory has gone from a three-month supply a year ago to at least six months, so really we are into a buyers’ market now.

Inspection 487

Inspection Marketing Lending Agents 487

Real Estate News

JULY 24, 2024

Upward of 56,000 home purchase contracts — nearly 15% of all such contracts from June — were canceled, a new report found, largely due to affordability issues.

Marketing 334

Marketing 334

Housing Wire

JULY 24, 2024

Will the Federal Reserve pivot in time to save construction workers? We have discussed this topic for some time now because, for the first time in a while, single-family permits are falling and 5-unit permits are already in recession. This is key because, traditionally, residential construction workers are the first to lose their jobs before every recession since higher mortgage rates hit housing first.

Sales 485

Sales Construction Mortgages Staging 485

Real Estate News

JULY 24, 2024

A sequel to the industry-challenging assessment is expected in early 2025 and will focus on the future. “The time is now for the industry to transform itself.

Industrial 314

Industrial 314

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

JULY 24, 2024

The Real Brokerage has poached a high-performing Realtor team in Cleveland. Kaim Team is bringing its 25-members to the company, becoming the largest team operating in Ohio that’s affiliated with Real. Real hopes the team can provide more juice to a market that’s part of a trend of booming cities in the midwest. “We’re thrilled to welcome Michael, Tina and their team to Real,” Real President Sharran Srivatsaa said in a statement.

Agents 458

Agents Brokerage Technology Industrial 458

Keeping Current Matters

JULY 24, 2024

If you’re in the market to buy a home, there’s some exciting news for you.

Marketing 316

Marketing 316

Real Estate News

JULY 24, 2024

Troy Palmquist will oversee a product team, commercial real estate and more for eXp; Tim Hudak is stepping down as Ontario association CEO effective August 2.

Commercial 209

Commercial As-is 209

Housing Wire

JULY 24, 2024

Attorneys general in 14 states have joined together to send a letter to Federal Housing Finance Agency (FHFA) director Sandra Thompson that urges the termination of the agency’s title waiver pilot program. The letter, which was sent on Monday, was spearheaded by Tennessee Attorney General Jonathan Skrmetti and co-signed by attorneys general in Alabama, Arkansas, Georgia, Indiana, Kansas, Louisiana, Mississippi, New Hampshire, Oklahoma, South Carolina, South Dakota, Texas and Virginia.

Title 454

Title Loans Finance Industrial 454

Real Estate News

JULY 24, 2024

A U.S. District Court judge has approved a motion from the plaintiffs requesting reconsideration of a case originally filed against NAR in 2020.

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214

Housing Wire

JULY 24, 2024

Real estate companies are using artificial intelligence (AI) to improve agent productivity, which they believe will be even more necessary due to changes to their commission structure — mainly on the buyer’s side. But despite these tech advancements, they don’t see a scenario in which “robots” will soon take buyers and sellers through the homeownership journey.

Brokerage 457

Brokerage Agents MLS Staging 457

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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.

Brokerage

Inman

JULY 24, 2024

A much-discussed listing agreement update reflects upcoming NAR rules, but doesn't bar sellers from offering compensation to buyers' agents.

Agents 197

Agents MLS Brokerage 197

Housing Wire

JULY 24, 2024

Prospective buyers from out of state often come to Indiana for its growing job market, low taxes and relatively affordable housing. Indianapolis-area Realtor Annie Caruso, a founding member of Circle Real Estate, had a buyer coming from the Chicago area for just these reasons. But their price point was under $300,000, and they were consistently outbid despite giving their best offer.

Marketing 444

Marketing Land As-is Sales 444

Inman

JULY 24, 2024

T3 Sixty plans to release "The Opportunity Report" as a follow up to its "DANGER Report" in early 2025. it says the new document will be comparable in its impactful earlier analysis of the industry.

Industrial 185

Industrial MLS Brokerage Agents 185

Housing Wire

JULY 24, 2024

RealReports , a proptech firm that offers an artificial intelligence-based platform for property data , announced a new partnership this week with the San Francisco Association of Realtors (SFAR) to provide access to its tool to an estimated 5,000 members in the Bay Area. RealReports said that its tool has the functionality to offer “extensive property data from over 40 top providers for every home in the U.S.,” and that the artificial intelligence (AI)-powered “copilot” that it calls “Aiden” ca

Seller disclosure 455

Seller disclosure Technology Inspection Agents 455

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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

JULY 24, 2024

Entrepreneurship isn't just good for individual real estate pros, PR and marketing expert Molly McKinley writes. It's good for organizations and for the industry as a whole.

As-is 184

As-is Industrial Marketing Brokerage 184

Housing Wire

JULY 24, 2024

If you’ve heard it once, you’ve heard it a thousand times: older Americans overwhelmingly support aging in place in their own homes, with some recent survey data indicating at or over 90% of seniors supporting retirement living in their own homes. But sometimes the cost of renovations can exceed the amount of cash that a retiree has access to, particularly for the majority of older Americans living on fixed incomes and relying on benefit programs like Social Security.

Renovation 458

Renovation Branding Design 458

Inman

JULY 24, 2024

Inventory is rising again, according to an analysis of housing data. But agents are still scrounging. Hundreds of brokers and agents shared what's working in the latest polling from Inman Intel.

Agents 179

Agents Brokerage Marketing 179

Housing Wire

JULY 24, 2024

Sales of both new homes and existing ones have declined, and it’s affecting how long homes stay on the market. A new report from Redfin shows that 64.7% of listed homes in June stayed on the market for more than 30 days, which is up from 59.6% a year ago. It’s the largest year-over-year increase for any month in the past year and the highest share for the month of June going back to 2020.

Days on market 433

Days on market Mortgages Marketing Sales 433

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Agents

Inman

JULY 24, 2024

Applications for purchase mortgages dropped last week for the second week in a row as rising home prices continue to shut many would-be homebuyers out of the market.

Mortgages 185

Mortgages Sales Marketing 185

Housing Wire

JULY 24, 2024

Homebuilders are still getting squeezed by high mortgage rates. That’s according to the U.S. Census Bureau ’s new-home sales report for June, which shows the level of transactions falling to a seasonally adjusted annual rate of 617,000. That represents a decline of 7.4% year over year and 0.6% month over month, and it’s the second month in a row that the pace of home sales has fallen.

Sales 448

Sales Construction Mortgages Marketing 448

Inman

JULY 24, 2024

Almost two-thirds of homes that were for sale in June had been listed for at least 30 days without going under contract. That figure is the highest share of any June since 2020.

Marketing 177

Marketing Sales Days on market Mortgages 177

Housing Wire

JULY 24, 2024

Reverse mortgage industry veteran George Morales has been appointed as the new chairperson of the dedicated reverse mortgage development workgroup (DWG) inside the Mortgage Industry Standards Maintenance Organization. MISMO is a subsidiary of the Mortgage Bankers Association (MBA), which signaled its intent for more reverse mortgage involvement late last year.

Mortgages 444

Mortgages Development Industrial Lending 444

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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

JULY 24, 2024

Seven executive hires in 2024 include Dana Abernathy, who will expand the company's servicing operations, and Mike Iorio, who is tasked with growing homebuilder partnerships.

Banks 177

Banks Industrial Mortgages 177

Housing Wire

JULY 24, 2024

CoStar Group , the parent company of Homes.com and Apartments.com , among other sites, continued its revenue growth streak in second-quarter 2024. The company reported revenue of $678 million from April through June, up 12% compared to the same period a year ago. The firm said this marks its 53rd consecutive quarter of double-digit revenue growth. CoStar’s residential sector was at least partially responsible for the revenue growth as it rose from $12.7 million in Q2 2023 to $26.2 million in Q2

Residential 438

Residential Branding Agents Land 438

Inman

JULY 24, 2024

Part of the relationship involves Local Logic providing iGo with a site license for NeighborhoodIntel, a recently released property reporting product that generates insights from more can 250 data points per home.

Technology 169

Technology Marketing 169

Housing Wire

JULY 24, 2024

A freshly minted tech startup based in Palo Alto, California, and Seattle believes it has a solution for homeowners looking for insurance. Finaya is adding a marketplace for assessing and comparing home insurance offerings. The company will deliver a network of insurance providers for homeowners looking to insure a new home or sign a new policy to address shifting needs at different points in owning a home.

Sales 438

Sales Technology 438

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Brokerage

Inman

JULY 24, 2024

Judge says Top Agent Network "adequately alleged" NAR's Clear Cooperation Policy is a "group boycott." Meanwhile, NAR signals it may be open to repealing the rule.

Agents 175

Agents MLS 175

Housing Wire

JULY 24, 2024

Century 21 is welcoming new affiliates on both coasts On Tuesday, the company announced it was welcoming Staten Island, New York -based Herman & Co. Real Estate to the brand. The firm is now doing business as Century 21 Standard Real Estate. The brokerage was founded in 2004 by broker-owner Herman Herrera, a retired U.S. Marine and former school teacher.

Brokerage 422

Brokerage Branding Industrial Closing 422

Inman

JULY 24, 2024

CoStar Group has put former Realtor.com News and Insights editor James Kaminsky on leave in response to Move's objections to sharing confidential information amid its trade secrets lawsuit.

Technology 163

Technology 163

Housing Wire

JULY 24, 2024

In a pair of court filings last week, eXp Realty, former CEO Glenn Sanford and agent Brent Gove renewed denials of their alleged roles in sexual assaults perpetrated by two former eXp agents. Responding to an amended complaint filed by plaintiff Anya Roberts in June, each party denied the charge of participating in a human trafficking enterprise that resulted in the alleged drugging and rape of Roberts by Michael Bjorkman and David Golden, who at the time were star agents at eXp. eXp and Sanford

Agents 413

Agents As-is Brokerage 413

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