Housing Wire
NOVEMBER 5, 2024
loanDepot achieved profitability in the third quarter of 2024, ending an 11-quarter streak of financial losses. Cost reductions and revenue growth drove this turnaround amid lower interest rates, which boosted refinancing activity. As a result, loanDepot is retiring its Vision 2025 strategic plan, which began in July 2022 to help the company reduce its non-volume expenses by more than $730 million.
Real Estate News
NOVEMBER 5, 2024
Watch the conversation with Zillow CEO Jeremy Wacksman as he explains why savvy shoppers are better for agents, and why private listing networks are “just bad.
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Housing Wire
NOVEMBER 5, 2024
The role of the real estate agent has been under the microscope of late as a result of class-action litigation over agent commissions, but the feedback agents want most about their practices comes from two sources — home buyers and sellers. A new report from the National Association of Realtors (NAR) surveyed buyers and sellers on what they want from their real estate agents.
Keeping Current Matters
NOVEMBER 5, 2024
You’ve probably noticed one thing if you’re thinking about making a move: the housing market feels a bit unpredictable right now.
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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.
Housing Wire
NOVEMBER 5, 2024
The COVID-19 pandemic impacted the housing market like no event since the 2008 financial crisis, but some of the trends induced by the pandemic are starting to reverse. That’s evident in the annual profile of home buyers and sellers from the National Association of Realtors (NAR), which provides data on dozens of real estate trends. When the pandemic began in the spring of 2020, wealthy residents of urban centers like New York City and San Francisco packed their bags for rural areas and small to
Real Estate News
NOVEMBER 5, 2024
The combined deals, which total nearly $5 million, are the next step in resolving litigation for the four firms with regional and national footprints.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Inman
NOVEMBER 5, 2024
The latest iteration of REDX's ad builder introduces customizable ad templates and an easier, more direct connection to Facebook accounts so campaigns can be created and launched in less time.
Housing Wire
NOVEMBER 5, 2024
In efforts to escape “sky-high real estate prices” and rising costs of living, California residents are favoring Arizona as a top relocation destination behind only Texas. That’s according to a report released Monday by StorageCafe , a national marketplace for storage space and an affiliate of real estate data provider Yardi. The report reviewed U.S.
Inman
NOVEMBER 5, 2024
Judge Stephen R. Bough, who ruled on Sitzer | Burnett, said Gibson deals "provide a significant financial recovery to the Settlement Class in light of the strengths and weaknesses of the case.
Housing Wire
NOVEMBER 5, 2024
As the cost of buying a home has risen faster than the cost of renting for the past four quarters, it’s no surprise that renter households are witnessing more growth than their owner-occupied counterparts. The surge in renter households is outpacing the growth of homeowners in the U.S., as there are now a record 45.6 million renters. That was up 2.7% year over year, according to a new Redfin report.
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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.
Inman
NOVEMBER 5, 2024
The choice to create the life and business you desire, coaches Melanie Klein and Emily Bossert write, one aligned with your values, is fortified and strengthened through your commitment to yourself.
Housing Wire
NOVEMBER 5, 2024
Fathom Holdings , the parent company of Fathom Realty , is expanding its footprint in Arizona. The firm announced Monday that it had acquired Scottsdale-based My Home Group , adding more than 2,200 agents to its headcount. The financial terms of the deal were not disclosed, but the company will be discussing the acquisition on its third-quarter earnings call on Thursday, according to its announcement.
Inman
NOVEMBER 5, 2024
The sequel to the 2015 "DANGER Report" details 20 opportunities in a changing industry. In the first of a 2-part series, Carl Medford applies its findings to agents, teams and brokerages.
Housing Wire
NOVEMBER 5, 2024
The removal of offers of buyer broker compensation from most MLSs across the country — as mandated by the National Association of Realtors’ (NAR) commission lawsuit settlement agreement — was a massive change for real estate agents and brokers. But they aren’t the only housing professionals impacted by these changes. Real estate appraisers also rely on MLS data, including information about buyer broker compensation and seller concessions, in order to accurately appraise properties for homebuyers
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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.
Inman
NOVEMBER 5, 2024
Beleaguered lender ekes out $2.67 million third quarter profit, with loan originations up 9 percent from a year ago as refinancings bounce back on retreat in rates.
Housing Wire
NOVEMBER 5, 2024
Credit rating agency Fitch announced this week that its long-term issuer default rating for Finance of America was downgraded to “restricted default” status following its recently publicized debt exchange plan. The rating was then upgraded to “CCC” following the completion of the exchange agreement. Fitch explained its rationale for the whipsaw of ratings by characterizing FOA’s move as a “distressed debt exchange.
Inman
NOVEMBER 5, 2024
Across 10 states, ballot measures ask voters to weigh in on changes to property taxes, veterans benefits and more. One even considers whether or not to abolish property taxes altogether.
Housing Wire
NOVEMBER 5, 2024
Onity Group , the recently rebranded parent company of top-10 lender Liberty Reverse Mortgage , posted improved earnings results in the third quarter of the year — with particular attention given to the profitability of its forward and reverse mortgage servicing segments. Onity CEO Glen Messina led the Tuesday morning earnings call by saying that the company recorded its “highest adjusted pretax income and return on equity in the last three years,” which came in at $35 million.
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.
Inman
NOVEMBER 5, 2024
From the pristine cleanliness of the home to the personalized touches that make buyers feel welcome, Darryl Davis writes, small efforts can lead to big results.
Calculated Risk Real Estate
NOVEMBER 5, 2024
Along with the monthly housing starts report for September released last month, the Census Bureau also released Housing Units Started by Purpose and Design through Q2 2024. The first graph shows the number of single family and multi-family units started with the intent to rent. This data is quarterly and Not Seasonally Adjusted (NSA). Although the majority of units built-for-rent’ are still multi-family (blue), there has been a significant pickup in single family units started built-for-re
Inman
NOVEMBER 5, 2024
Trade group says plaintiffs' complaint over "compulsory" Realtor membership to access the MLS is "nothing more than a desire to have membership benefits without membership.
RIS Media
NOVEMBER 5, 2024
Above: Jamie Mertz and Steve Wagner It’s been an industrywide challenge to achieve company growth within the residential real estate realm the last few years, but someone forgot to tell Virtual Properties Realty (VPR) that. The Atlanta, Georgia-based brokerage recently hit a significant milestone, crossing over the 5,000-agent mark to 5,177 active agents, posting an… The post Stunning Growth as United Wins Georgia appeared first on RISMedia.
Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.
In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.
Inman
NOVEMBER 5, 2024
In 2024, Opendoor has ramped up its marketing with various creative agencies, which included a Super Bowl regional ad and stunt by Mischief @ No Fixed Address that featured a live TV house sale in Atlanta. Other recent campaigns include break-up-themed spots from Alma, launched after Valentine’s Day in partnership with OkCupid, and a Halloween ad by VaynerMedia starring a vampire and her garlic-growing neighbor.
Brownstoner
NOVEMBER 5, 2024
This week, a look back at four of our featured listings from six months ago focuses on homes in Brooklyn Heights, Carroll Gardens, and Flatlands. How did they fare? An 1850s Brooklyn Heights row house got a redo inside and out that added period-inspired details to the exterior and transformed the… Read More > The post Brooklyn Real Estate Listings Six Months Later: Three Sold, One Still Available appeared first on Brownstoner.
Inman
NOVEMBER 5, 2024
NextHome, the Keyes Company, John L. Scott Real Estate and the K Company Realty have agreed to pay a combined total of nearly $5 million.
RIS Media
NOVEMBER 5, 2024
Lyon Real Estate—a leader in the Northern California real estate market for over 78 years—has announced its official rebrand to Windermere Real Estate. This marks the culmination of a transition that began with Lyon being brought into the Windermere network in 2021. Now, the company is taking on the Windermere name, officially uniting its 14… The post Lyon Real Estate Officially Rebrands to Windermere Real Estate appeared first on RISMedia.
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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.
Inman
NOVEMBER 5, 2024
The Sacramento-based company will operate using the name "Windermere Signature Properties" nearly four years after its acquisition. The firm boasts more than 700 agents, as well as 14 offices.
Brownstoner
NOVEMBER 5, 2024
In the News Goodbye, 6 p.m. Sunsets. See You Next Year [NYT] In Carroll Gardens, He Knows What Men Want (to Buy) [NYT] No Train to Rockaways for Four Months? Cuomo Objects [NYT] Brooklyn Artist Mends Clothing and the Fabric of Society [NYP] Three Indicted in Vandalism Targeting Brooklyn Museum Board [BP] DOT Starts Work on… Read More > The post Daily Links: Highland Park Users Ask City to Move ‘Unsafe’ Brooklyn Golf Course appeared first on Brownstoner.
Inman
NOVEMBER 5, 2024
Realtor.com launched the latest chapter of its eight-month buyer agency campaign on Tuesday with a passionate open letter from CEO Damian Eales. In the letter, Eales urged local, state and federal legislators to use their upcoming terms to meaningfully address housing affordability — or risk the collapse of a major pillar of the American Dream.
RIS Media
NOVEMBER 5, 2024
Real estate technology firm Offerpad hosted its Q3 earnings call on Monday, Nov. 4—during which CEO Brian Blair fielded questions not just about his company’s own performance, but also about larger real estate industry trends. Asked if he’s noticed changes to commission structures since the National Association of REALTORS®’ (NAR) settlement and rule changes, Blair… The post Offerpad CEO Sees Commissions Falling as iBuyer Cuts Losses appeared first on RISMedia.
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Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.
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