Housing Wire
JULY 15, 2024
Is it darkest before the dawn? If we look at the housing market right now, sales are down, new listings are down and prices are decelerating. But if we look at the data right now, things look the most bullish they’ve been all year. Good inflation data came in last week, the bond market rallied and mortgage rates took a notable dip below 7% for the first time in months.
Real Estate News
JULY 15, 2024
The state association is rolling out buyer agreements and other forms that it believes offer a balance of simplicity and agent protections.
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Housing Wire
JULY 15, 2024
President Joe Biden will propose on Tuesday a nationwide cap on rent hikes of 5% per year, according to The Washington Post, which cites “three people familiar with the matter.” The proposal will rescind unspecified tax breaks to landlords who raise rents by more than 5%, although it would only apply to landlords who own more than 50 rental units. This would cover roughly half of all rental units in the country, according to Post sources.
Real Estate News
JULY 15, 2024
The two brokerages announced settlements in the Gibson/Umpa case on Monday, while several other firms filed motions to dismiss.
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
JULY 15, 2024
Rocket Pro TPO , the wholesale arm of Rocket Mortgage , announced Monday that it has decided to waive the $795 origination fee charged to broker partners on home equity loans. “When you think about what home equity looks like or represents across the country, there’s a record-breaking home equity, with homeowners sitting on almost $17 trillion,” Rocket Pro TPO executive vice president Mike Fawaz said in an interview. “There’s a ton of demand when it comes to looking
Keeping Current Matters
JULY 15, 2024
Navigating the housing market can be tricky, especially these days.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
JULY 15, 2024
Rich Simonelli is back at CoStar after a 5-year hiatus, leading investor relations, while Cyndi Eakin was promoted to chief accounting officer.
Housing Wire
JULY 15, 2024
In addition to welcoming new agents in Florida and Colorado , Compass announced Monday that Soha Fontaine and her team, Team Soha , are making the move over from RE/MAX. The Hoboken, New Jersey -based team was previously brokered at RE/MAX Select and Fontaine has been with the RE/MAX brand for two-plus decades. Her achievements at RE/MAX include being inducted into the brokerage’s Hall of Fame (2008) and Circle of Legends (2018), as well as a Lifetime Achievement award (2011).
Inman
JULY 15, 2024
Inventory is rising again, but agents are still scrounging for new listings. Hundreds of brokers and agents shared what's working in still-tight markets in new responses from the Intel Index survey.
Housing Wire
JULY 15, 2024
A little over a month after technology startup executive Eric Elfman replaced MoxiWorks founder York Baur as CEO, the real estate technology platform provider appears to be undergoing a round of layoffs. Impacted employees at MoxiWorks took to LinkedIn last week to discuss the layoffs and share their job search goals. One such employee was Bret Calltharp, MoxiWorks’ former director of engagement.
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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.
Inman
JULY 15, 2024
Bernice Ross interviews Realeflow CEO Greg Clement about how real estate agents can tap into the pool of cash buyers and investors to add lead gen leverage and market coverage to their businesses.
Housing Wire
JULY 15, 2024
Compass has nabbed a pair of top agents to add to its teams in Florida and Colorado. Bonnie Heatzig is coming over from Douglas Elliman, bringing her extensive knowledge to the Boca Raton, Florida-based team at Compass. She has more than 20 years of experience in luxury real estate, selling more than $170 million in volume over the past four years. In Denver, Stuart Crowell joins Compass from LIV Sotheby’s.
Inman
JULY 15, 2024
Thirty agents at SWF Premium Real Estate team who closed $321 million in sales across 278 transactions in 2023 have now aligned with Compass, the firm told Inman. A new office in Naples was also announced.
Housing Wire
JULY 15, 2024
Loan originators in today’s mortgage market have weathered significant challenges. They’ve endured a major drop in volume, a rapid rise in rates, and uncertainty surrounding realtor commission settlements and their impact on referral partners. If you are still in the game, you’re already demonstrating resilience and adaptability. Now, it’s time to leverage these experiences and position yourself for future success.
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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
JULY 15, 2024
Questions swirled last week over the identity of an unidentified buyer behind the Billionaires' Row condo transaction — with speculation rising that King Charles was at the center of the purchase.
Housing Wire
JULY 15, 2024
Just like a football team entering the red zone — the area of the field inside the opponent’s 20-yard line — should be extra cautious to avoid wasting a scoring chance, Americans who are nearing retirement should dial back aggressive investment strategies. That’s the advice of Kevin Wade, a financial planner with Centennial Advisors LLC , in a column published Monday by personal finance website Kiplinger.
Inman
JULY 15, 2024
The latest order by the Court of Appeals in Washington, D.C., means the DOJ is free to reopen its investigation into the National Association of Realtors.
Housing Wire
JULY 15, 2024
Over the last five years, I have been fortunate enough to publish several articles on Artificial Intelligence (AI), typically with a heretical tone. No one can deny that AI is powerful and that AI when applied deeply to verticals and scenarios will be a major factor in the transformation of business. On the other hand, the usual hyperbole that accompanies any trend in technology should not be taken at face-value; kicking the tires and assessing previous promises and bets is essential.
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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
JULY 15, 2024
Fast-growing rents and disappearing rental assistance programs have given way to a concerning rise in eviction filings compared to pre-pandemic norms, "The Wall Street Journal" revealed on Monday.
Housing Wire
JULY 15, 2024
Data is a relevant and valuable tool for assessing where a business or an industry is at any given time. But looking deeper than the core numbers is essential, especially when considering the shifting realities and governing rules for an industry as intertwined between public and private interests as the reverse mortgage industry is. This was the tenor for part of a conversation between HousingWire ’s Reverse Mortgage Daily (RMD) and John Lunde, president of Reverse Market Insight.
Inman
JULY 15, 2024
Today, Compass has announced its latest round of recruitment victories with the addition of agents Stuart Crowell and Soha Fontaine, along with her six-person team.
Housing Wire
JULY 15, 2024
Baltimore -based Dominion Financial Services , a nationwide private lender that specializes in financing for real estate investors , announced the hiring of Dustin Wells as the president of its newly launched wholesale lending division. Wells has more than 20 years of experience in the financial services arena. Most recently, he served as co-president of Stronghill Capital , an Austin -based nonbank lender.
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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
JULY 15, 2024
Ready to make a leap into real estate but worried about how to pull off the transition? Learn from Atlanta agent Leah Williamson's trip to top-producer.
Housing Wire
JULY 15, 2024
The U.S. Department of Housing and Urban Development (HUD) announced on Monday that it has charged lender Rocket Mortgage , two appraisal companies and one appraiser with allegedly issuing a biased valuation and denying a refinance loan to a Black homeowner in Denver. The HUD accused appraiser Maksym Mykhailyna and his company, Maverick Appraisal Group , appraisal management company Solidifi U.S.
Inman
JULY 15, 2024
Pacaso CEO peels back the curtain on his company’s evolution to a new chapter as Pacaso buys more houses in more markets at lower prices.
Brownstoner
JULY 15, 2024
Brooklyn developer Watermark Capital intends to construct a 30-story apartment tower on the site of the landmarked Duffield Street houses in Downtown Brooklyn, public records show. Potentially the tower could cantilever over the historic houses, which could serve as entrances -- if the project meets with approval of the Landmarks… Read More > The post Developer Watermark Capital Plans 30-Story Tower for Landmarked Duffield Street Houses appeared first on Brownstoner.
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Inman
JULY 15, 2024
As she begins her 47th year in real estate, find out how this former junior high school English teacher creates personal connections and manages a robust professional network.
RIS Media
JULY 15, 2024
In a July 12 ruling, the U.S. Court of Appeals for the District of Columbia Circuit in Washington, D.C., denied the National Association of REALTORS®’ (NAR) request for a rehearing in its dispute with the Department of Justice (DOJ). NAR and DOJ had originally reached a settlement agreement requiring NAR to increase transparency regarding broker… The post Court Denies NAR Petition for Rehearing in DOJ Case appeared first on RISMedia.
Inman
JULY 15, 2024
In a July 11 court filing, famed luxury broker Tal Alexander denied claims against him in a lawsuit asserting that he and his brothers, Oren and Alon, raped an NYC woman in 2012. The plaintiff is requesting a jury trial.
RIS Media
JULY 15, 2024
Selling a condo for the first time can sometimes be challenging. My guide will simplify the process and help you achieve a successful sale. I will provide you with the following helpful information to help you come out on top with your first condominium sale: How to prepare your condo for sale with a pre-sale… The post Essential Tips for First-Time Condo Sellers: A Step-by-Step Guide appeared first on RISMedia.
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.
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