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.
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
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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.
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Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.
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.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
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.
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.
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.
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: 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
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.
Fancy Pants Homes
NOVEMBER 5, 2024
When you think of the phrase “home sweet home,” the image that comes to mind probably doesn’t include nine-foot pool tables, poker-themed artwork, or a revolving 80-inch TV. But poker superstar Daniel Negreanu is known for turning his homes into immersive places for entertaining, relaxing, and indulging in ritzy things. The Canadian-born player (whose career I’ve long followed as we’re both of Romanian descent) has won an impressive seven World Series of Poker (WSOP) bracelets and tw
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
Fancy Pants Homes
NOVEMBER 5, 2024
In the laid-back, conveniently located Los Angeles neighborhood of Eagle Rock, a beautifully renovated 1930s duplex is now up for grabs. Dubbed The Memory House, the 1937-built structure was originally a duplex and recently underwent an extensive architectural transformation that turned it into a sophisticated, modern three-unit compound with crisp interiors and a fresh layout.
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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
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.
RIS Media
NOVEMBER 5, 2024
The aging of the baby boomer generation and a surge in immigration will shape the future household growth in the U.S., according to new projections from the Joint Center for Housing Studies (JCHS) at Harvard University. In a presentation, “The Decades Ahead: Projecting Household Growth and New Housing Demand in 2025-2045,” JCHS Senior Research Associate… The post Aging Population, Immigration Surge to Shape Future Housing Markets appeared first on RISMedia.
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.
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.
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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
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.
Redfin
NOVEMBER 5, 2024
Congratulations! You’ve just bought your dream home in Albuquerque, NM or whatever other city strikes your fancy. It’s an exciting time to be a homeowner, but it comes with some added responsibilities. If you’ve been renting an apartment in a city like Scottsdale, AZ or renting a home in the outskirts of Kansas City , you’ve paid a premium to be able to relay any maintenance issues to your landlord.
Inman
NOVEMBER 5, 2024
The virtual brokerage argued Tuesday that it's settlement wasn't too small, and asked a court to reject attempts to force it back to the negotiating table.
Estate Agent Today
NOVEMBER 5, 2024
It's not just the general public that goes to Rightmove first for their property search.
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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
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.
BAM Media
NOVEMBER 5, 2024
Plenty of sellers out there are thinking, “ Maybe I should sell my home privately. ” After all, there is some appeal to selling a home off-market —but what sellers don’t think about is how doing so can restrict access to specific types of buyers. To help you navigate these conversations with sellers, I’m sharing a script that breaks down the four different types of buyers.
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
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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