Thu.Oct 10, 2024

article thumbnail

Renovation projects remain popular, but homeowners often need help paying for them

Housing Wire

Ongoing supply and affordability challenges in the housing market have frustrated many homeowners who have looked to trade up or relocate for various reasons. In response, some consumers have turned to renovation projects to meet their needs. According to survey data released this week by St. Louis-based Clever Real Estate , 63% of homeowners would rather remodel their current home than move to one that has already been fixed up.

article thumbnail

NAR appeals to Supreme Court in DOJ battle

Real Estate News

The trade organization filed an official request with the high court today, asking for a review of an antitrust case that was ostensibly closed in 2021.

Closing 295
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Another day, another team joins The Real Brokerage

Housing Wire

The Real Brokerage ’s explosive growth continues. The company has added the Grant Johnson Group , based in the Minneapolis area, bringing 55 agents to Real and pushing the brokerage’s total agent count past 22,000. “It’s fitting that a fast-growing team, focused on building a strong culture, has helped us surpass 22,000 agents,” Real President Sharran Srivatsaa said in a statement.

Brokerage 448
article thumbnail

How Much Does It Cost To Sell My House?

Keeping Current Matters

If you’re toying with the idea of selling your house, you’re probably wondering how much it’ll cost.

Agents 266
article thumbnail

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.

article thumbnail

Mixed mortgage signals: Inflation continues to cool, but the labor market strengthens

Housing Wire

If there was any doubt that the Federal Reserve’s half-point interest rate cut was the right move, those doubts are fading, and there’s reason to support another cut in the coming months. That’s because the U.S. Bureau of Labor Statistics’s Consumer Price Index (CPI) for September fell by 0.1 percentage points compared to August and sits at a measured 2.4% year-over-year.

Mortgages 458
article thumbnail

Higher rates, lower inflation: Mixed news creates uncertainty

Real Estate News

Buyers are left wondering if they should wait for rates to fall again, as some economists expect, or act now “and worry about rates secondly.

204
204

More Trending

article thumbnail

10 things new agents do to annoy experienced agents

Inman

While no agent is perfect, we should all continually strive for excellence, no matter where we are in our journey as an agent from brand new to very experienced, broker Cara Ameer writes.

Agents 181
article thumbnail

CoreLogic unveils AI-driven Araya platform for advanced property data

Housing Wire

Real estate data provider CoreLogic is unveiling a new artificial intelligence -powered property and location intelligence platform. The California-based company is launching the Araya platform, according to an announcement on Tuesday. Through Araya, CoreLogic will give customers access to the data and analytics of nearly all U.S. properties on one platform.

article thumbnail

Teams Spotlight: Carlo Siracusa, Christie’s International Real Estate

Inman

Learn how this problem solver, communicator and strategic thinker is bringing his style of decisive leadership to Christie's International Real Estate Group New Jersey.

174
174
article thumbnail

LoanSnap loses mortgage lender license in Connecticut

Housing Wire

Struggling fintech LoanSnap had its mortgage lender license in Connecticut revoked in early October by state authorities, adding to the company’s legal and financial problems. The firm was first licensed to do mortgage business in Connecticut in January 2021 and applied for a renewal in December 2023. The request was pending, but in July, the company had its mortgage lender license in the state automatically suspended.

article thumbnail

Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

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.

article thumbnail

NAR rival seeks agents for possible class action over Clear Cooperation

Inman

The American Real Estate Association is looking for those 'fined or otherwise harmed' by the National Association of Realtors' pocket listing rule and are interested in "collective action.

Agents 178
article thumbnail

HouseAmp, Renovation Sells seek to streamline the presale process

Housing Wire

What do you get when you combine home renovation specialists with a lender that can provide funds in short order? The new partnership between HouseAmp and Renovation Sells. The technology companies will tether their respective services with the goal of streamlining the process of getting a home ready for sale. The Renovation Sells platform focuses on design and construction, while the loans come from HouseAmp.

article thumbnail

Latest inflation numbers could give mortgage rates additional lift

Inman

Reports send mixed signals on the economy, with CPI showing prices rose more sharply than expected in September and jobless claims surging to highest level in more than a year.

Mortgages 175
article thumbnail

Federal housing leaders speak to the need for more reverse mortgage understanding

Housing Wire

Federal Housing Administration (FHA) Commissioner Julia Gordon and David Berenbaum, deputy assistant secretary for the Office of Housing Counseling at the U.S. Department of Housing and Urban Development (HUD), described a need for more reverse mortgage comprehension during an interview at this year’s National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo in San Diego.

Mortgages 412
article thumbnail

Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

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.

article thumbnail

Is it you? Call for speakers for Inman Connect New York 2025 

Inman

Inman seeks fresh perspectives and new ideas from people like you for the Inman Connect stage when the conference returns to New York City in January. Fill out a short form to apply.

Staging 172
article thumbnail

Social Security COLA for 2025 will be smaller than previous years

Housing Wire

Social Security benefits and Supplemental Security Income (SSI) payments will rise by 2.5% in 2025, the lowest such increase since 2021. This reflects cooling levels of inflation after a period of historic increases, which pushed the cost-of-living adjustment (COLA) to its own heights during and after the COVID-19 pandemic. The benefits, which apply to more than 72 million Americans, will translate into a roughly $50 increase on a monthly basis, according to the Social Security Administration (S

As-is 410
article thumbnail

The Aug. 17 transition was smooth. Unless you were 1 of these Realtors

Inman

Most real estate professionals say little has changed since new commission rules went into effect in August. But for a smaller group, the changes have unleashed a completely different experience.

Brokerage 172
article thumbnail

After the waters recede: LOs, agents grapple with Helene and Milton devastation

Housing Wire

Agents and LOs are grappling with heavily damaged housing markets in the Southeast. Housing markets in the Southeast are reeling from a one-two punch of devastating hurricanes that are believed to have caused at least $100 billion in damage. The housing markets in Tampa, Florida, and Asheville, North Carolina, have effectively frozen as federal and state relief efforts get underway, but a full recovery will take years.

Agents 409
article thumbnail

The Broker Action Plan for the Post-NAR Lawsuit Landscape

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.

article thumbnail

Bright MLS CEO checks Robert Reffkin on Clear Cooperation Policy

Inman

Bright MLS CEO Brian Donnellan takes issue with assertions made by Compass CEO Robert Reffkin in his Oct. 8 op-ed for Inman on the role of MLSs in promoting Clear Cooperation.

MLS 168
article thumbnail

Compass hires new head of investor relations

Housing Wire

Compass has a new head of investor relations. On Wednesday, the brokerage firm announced that it has appointed Soham Bohnsle to lead its investor relations division. Bohnsle has more than a decade of experience covering the housing sector, most recently as a senior analyst at BTIG. He also held roles at Morgan Stanley and Susquehanna International Group , where he began his career in housing as a research assistant. “We sought someone who could deliver an immediate impact, and Soham’

Investor 407
article thumbnail

My listing isn’t selling: A 12-point checklist for agents 

Inman

Baffled by a home that's languishing on the market? Mega-team leader Carl Medford offers a step-by-step plan for evaluating your listing and getting it sold.

Agents 176
article thumbnail

The pace of AI is challenging mortgage and real estate execs

Housing Wire

I started doing weekly interviews with tech executives over a year ago to find out where technology was making a real difference in housing and to keep a pulse on trends — especially artificial intelligence (AI). Open AI launched the first version of ChatGPT on Nov. 30, 2022. Mortgage and real estate firms began developing use cases in 2023. But what has happened in the past year — and especially in the last six months — is incredible.

Mortgages 407
article thumbnail

Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

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.

article thumbnail

Sacramento-based Prime Real Estate Team joins eXp Realty

Inman

The Sacramento-based Prime Real Estate Team has transitioned from Side to eXp Realty after seven years, the brokerage announced on Wednesday. After serving the white-label brokerage in the Folsom and Greater Sacramento areas, the team is ready to advance the real estate industry with eXp.

Brokerage 158
article thumbnail

Hurricane Helene has exposed $96B in RMBS loans to delinquency

Housing Wire

Similar to past experiences, Hurricane Helene may lead to 5% of mortgage borrowers in affected areas becoming delinquent but eventually self-curing over the next 12 months, according to a Bank of America (BofA) analysis. The hurricane, which made landfall in Florida in late September, also impacted parts of North Carolina, South Carolina, Virginia and Georgia.

Loans 375
article thumbnail

NAR asks Supreme Court to weigh in on DOJ fight

Inman

The trade group's petition leans heavily on the government's promise to close investigations into the Clear Cooperation Policy and the Participation Rule.

Closing 153
article thumbnail

Real estate brokerages notch procedural victory in commission case

Housing Wire

While the homebuyer commission lawsuits continue to be a thorn in the side of the real estate industry, three corporate brokerages have at least for now recorded a small win. On Wednesday, Chicago-based U.S. District Court Judge LaShonda Hunt, who is overseeing both Batton suits after Judge Andrea Wood recused herself in early September, granted RE/MAX , Keller Williams and Anywhere’s joint motion to stay the case during a status hearing.

Brokerage 317
article thumbnail

Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

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.

article thumbnail

RealReports, Pearl Certification agree to energy data integration

Inman

Customers of RealReports can now access in-home energy insights from Pearl Certification, a provider of property energy analytics.

article thumbnail

Former Fannie deputy counsel Gina Hough joins Ballard Spahr

Housing Wire

Prominent housing finance attorney Gina Hough and her associate Trevor Cardo have joined Ballard Spahr ‘s housing finance practice, the firm announced this week. Hogh, a former vice president and deputy general counsel at Fannie Mae , will join as senior associate, said housing finance practice chair Peter Michaud. She’ll work out of the Washington, D.C. office while Cardo will be based out of New York.

Finance 296
article thumbnail

Leaders Offer Solutions for Preventing Agent Attrition in a Post-Settlement Landscape

RIS Media

Above, from left, Jillian Young, Donny Samson, Drayton Saunders, Kate Rossi and Cindy Ariosa As the industry reconciles with new realities in the post-National Association of REALTORS® (NAR)-settlement era, agent attrition has been acknowledged as one of the expected consequences. Some top real estate minds recently gathered to discuss solutions—not only for how to prevent… The post Leaders Offer Solutions for Preventing Agent Attrition in a Post-Settlement Landscape appeared first on RISM

Agents 119
article thumbnail

Broker Spotlight: Steve Lonnen, SL Home Group at REAL

Inman

Find out how this North Carolina broker got his start in real estate and what he wishes he had known from the beginning.

Brokerage 138
article thumbnail

Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

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.