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 469

Inspection Marketing Lending Agents 469

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 332

Marketing 332

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 434

Agents Brokerage Technology Industrial 434

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 312

Industrial 312

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Brokerage

Housing Wire

JULY 24, 2024

The real estate market has witnessed significant fluctuations over the years, and the accompanying challenges for real estate agents can offer valuable insights and opportunities. The lofty home prices we’ve seen in recent months have some comparing aspects of today with those foreshadowing the housing bubble that preceded the 2008 market crash and, ultimately, what has come to be known as the Great Recession.

Lending 438

Lending Agents Technology Mortgages 438

Keeping Current Matters

JULY 24, 2024

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

Marketing 303

Marketing 303

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 230

Commercial As-is 230

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 428

Brokerage Agents MLS Staging 428

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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235

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 416

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Agents

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 192

Agents MLS Brokerage 192

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 409

Days on market Mortgages Marketing Sales 409

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 187

Industrial MLS Brokerage Agents 187

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 425

Seller disclosure Technology Inspection Agents 425

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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

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 413

Mortgages Development Industrial Lending 413

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 176

Agents Brokerage Marketing 176

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 408

Residential Branding Agents Land 408

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Loans

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 184

Mortgages Sales Marketing 184

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 406

Sales Technology 406

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 187

Marketing Sales Days on market Mortgages 187

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 387

Brokerage Branding Industrial Closing 387

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Brokerage

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 184

Banks Industrial Mortgages 184

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 379

Agents As-is Brokerage 379

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 176

Technology Marketing 176

RIS Media

JULY 24, 2024

In a court filing July 23, CoStar Group has asked a judge for an order for expedited discovery in its legal conflict with Move, Inc. Included in the filing is that James Kaminsky, the CoStar employee formerly employed by Move, who Move claims improperly accessed proprietary information to be used by CoStar, has been placed… The post Employee at Center of CoStar/Realtor.com Legal Conflict Put on Paid Leave appeared first on RISMedia.

Industrial 127

Industrial 127

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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

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 180

Agents MLS 180

RIS Media

JULY 24, 2024

Despite the most recent drop in average mortgage rates, mortgage applications decreased this week, down 2.2% from last week’s 3.9% uptick, according to the latest Weekly Applications Survey from the Mortgage Bankers Association (MBA) for the week ending July 19, 2024. This week’s data: The Market Composite Index, a measure of mortgage loan application volume,… The post Despite Drop in Rates, Mortgage Applications Decreased This Week appeared first on RISMedia.

Mortgages 125

Mortgages Loans Marketing Industrial 125

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 183

Technology 183

RIS Media

JULY 24, 2024

Above, Dave Karoly Dave Karoly Vice President of Sales & Operations, REALTOR® Lamacchia Realty Waltham, Massachusetts [link] Region served: New England and Fort Lauderdale Years in real estate: 17 Number of offices: 17 Number of agents: 600 Best tip for getting the right listing price: Stop telling sellers the price. Instead, provide the guidance so… The post Navigating the Changing Landscape appeared first on RISMedia.

Agents 120

Agents Sales Development Industrial 120

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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.

Agents