RIS Media
NOVEMBER 14, 2023
Inflation stagnated in October, following a summer of increases. After the recent pause in rate hikes from the Fed, this reading could signal another pause at the next Fed meeting, and an overall end to rate hikes in the near future. The Consumer Price Index saw no change in its October reading, which comes after… The post Consumer Price Index Stagnates in October appeared first on RISMedia.
Housing Wire
NOVEMBER 14, 2023
Baby boomers and millennials have dominated the home-buying conversation in recent decades, but a new generation of homeowners is browsing online listings, heading to open houses and planning their home-buying budget. Gen Z — born between 1997 and 2012 — is making waves in the market with their approach to homebuying. Here are 14 real estate trends Gen Z buyers won’t pass up. 1.
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Keeping Current Matters
NOVEMBER 14, 2023
If you’re considering buying a home or selling your current one to find something that better suits your needs, you may have questions about what’s happening with home prices today.
Housing Wire
NOVEMBER 14, 2023
As 2023 draws to a close soon, housing inventory has been rising very late in the year. Last year at this time, sellers and homebuyers hit the brakes hard. This year is slow, of course, but not dropping, so we finally have a fractionally better home-sales growth rate over the same week a year ago. Watch the weekly housing market recap video above to get the latest housing market data download from Altos Research.
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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.
Real Estate News
NOVEMBER 14, 2023
Texas Realtor associations and 20+ brokerages and teams are being sued by a home builder and magazine publisher who call NAR the “creator of the conspiracy.
Housing Wire
NOVEMBER 14, 2023
The commission lawsuits have arrived in Texas , but the QJ Team suit, named after its lead plaintiff, isn’t like your Moehrl , Sitzer/Burnett , March , Gibson or Batton 2 commission lawsuits. While the lawsuit does name large corporate brokerage firms as defendants, including Keller Williams , Side , HomeServices of America , and Fathom Realty , the robust defendant list also includes real estate teams, such as The Loken Group and Hexagon Group , as well as an individual broker, Mark Anthony Dim
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
NOVEMBER 14, 2023
Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported an average net loss of $1,015 on each loan they originated in the third quarter of 2023. That’s nearly double the reported loss of $534 per loan in the previous quarter, according to the Mortgage Bankers Association (MBA). The average pre-tax production loss was 34 basis points (bps) in Q3.
Real Estate News
NOVEMBER 14, 2023
Bright MLS CEO Brian Donnellan said the verdict could be a blow to fair housing, which “should be concerning to all of us.
Housing Wire
NOVEMBER 14, 2023
Fannie Mae announced on Tuesday that its Multifamily Positive Rent Payment (PRP) pilot program, originally scheduled to expire this year, has been extended through December 2024 in light of new survey data and an impact analysis. As part of the extension and to encourage adoption, Fannie Mae will cover the cost for property owners who enroll in PRP through the extension period.
Real Estate News
NOVEMBER 14, 2023
During her NAR NXT keynote, Tracy Kasper tackled the big issues facing the association, including the Sitzer/Burnett verdict and sexual harassment accusations.
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 14, 2023
Better Home & Finance Holding , the parent of digital lender Better.com , delivered a massive loss in the third quarter of 2023, its first earnings report since it became public in late August. Executives at the company told analysts that more cost-cutting initiatives are needed in a shrinking market to reach profitability. Better reported a GAAP net loss of $340 million in the third quarter of 2023, an increase of 50% from negative $227 million in the same period of 2022, according to its 8
Real Estate News
NOVEMBER 14, 2023
Buyers are in a better position this fall as supply increases and home prices level off in the Lone Star State's largest city.
Housing Wire
NOVEMBER 14, 2023
The COVID-19 pandemic has had a profound impact on the way we live and work. One of the most significant changes has been the rise of remote work, which has allowed many people to move to new locations in search of a better quality of life. This has led to a phenomenon known as “pandemic migration.” While the term may suggest a trend of increased mobility, the latest U.S.
Inman
NOVEMBER 14, 2023
A homebuilder and holding company filed the case Monday. But unlike other suits against NAR, this one lists the Texas Association of Realtors and other local organizations as defendants.
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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 14, 2023
Fannie Mae announced a slew of leadership changes following the expected retirement of two senior executives. President David Benson will step down from his position in early to mid-2024 after 21 years at the company. Benson served in a wide range of roles, including interim CEO , chief financial officer, executive vice president (EVP) of capital markets and treasurer.
Inman
NOVEMBER 14, 2023
On Nov. 5, Phil Lang joined 50,000+ others in running the New York City Marathon and finished in 2:43, a two-minute personal best from seven years prior. Here he shares five things that he learned in getting to the top 0.5 percent of finishers.
Housing Wire
NOVEMBER 14, 2023
Image Analytics CoreLogic’s Image Analytics feature leverages advanced computer vision technology to analyze and extract valuable insights from images related to real estate properties. This powerful tool can automatically identify and classify various attributes, such as property condition, features, and amenities, providing users with a deeper understanding of the property.
Inman
NOVEMBER 14, 2023
The National Association of Realtors' legal team on Monday blamed the ruling on the judge. The plaintiffs' attorney, meanwhile, said NAR hadn't "learned anything" from its "resounding defeat.
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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.
Housing Wire
NOVEMBER 14, 2023
Wells Fargo and information services company CoreLogic partnered on real estate tax processing operations to enhance risk management, compliance and customer experiences in the mortgage servicing sector. CoreLogic will manage real estate tax processing operations services for Wells Fargo Home Lending customers and oversee tax customer service via its Digital Tax Portal in order to drive payment accuracy, CoreLogic said in a news release.
Inman
NOVEMBER 14, 2023
Jason Roth told Insider that after he rented out his home to Kareem Hunter, the tenant allegedly only paid part of the first month before illegally renting out other rooms in the house on Airbnb.
Housing Wire
NOVEMBER 14, 2023
Every borrower wants to believe their homeownership journey will be smooth sailing, without financial hardships or missed mortgage payments. But as the last few years have taught us, unforeseen events like COVID-19, natural disasters , inflation and low affordable inventory make mortgage relief awareness critical. Because homeowners weren’t thinking about unexpected events or hardships when they bought their home, they likely don’t consider relief options when they’re faced with a delinquency.
Inman
NOVEMBER 14, 2023
Beverly Hills-based global luxury brokerage The Agency is launching its 100th office — in Portland, Oregon — a mere 12 years after its inception. Dirk Hmura and Andrew Misk will lead the enterprise.
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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.
Housing Wire
NOVEMBER 14, 2023
Sagent CARE Sagent’s CARE platform is state of the art technology that provides homeowners with the ability to self-serve their mortgages anytime, anywhere. Homeowners can manage payments and escrows, go paperless, find savings opportunities and remain engaged with their servicers. With tools like applying for mortgage assistance and promotional targeted site messages, CARE helps servicers build lifetime relationships with their homeowners!
Inman
NOVEMBER 14, 2023
Many investors flock to real estate for the inherent tax advantages it can provide. But what if you want even more?
Housing Wire
NOVEMBER 14, 2023
Total mortgage delinquencies rose slightly in the third quarter of 2023 as the job market cools and inflation puts more pressure on homeowners. However, delinquency rates are still well below historical averages, according to new data from the Mortgage Bankers Association (MBA). Delinquent home loans on one- to four-unit properties rose to 3.62% of all outstanding mortgages in Q3, up from 3.37% the previous quarter and 3.45% a year ago, according to MBA ’s National Delinquency Survey.
Inman
NOVEMBER 14, 2023
A $565 million influx of cash from an August SPAC merger and a $1 billion reduction in annual expenses put Better on a footing to navigate a challenging market, executives say.
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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.
Housing Wire
NOVEMBER 14, 2023
As the dust from the Sitzer/Burnett commission lawsuit trial and jury verdict settles, many unanswered questions remain. And based on Judge Stephen Bough’s latest filing, it doesn’t appear the real estate industry will have definitive answers any time soon. According to a court order filed Tuesday, any post-trial motions the defendants wish to file need to be submitted by Jan. 8, 2024.
Inman
NOVEMBER 14, 2023
Rather than a demise of coworking spaces, experts say WeWork's collapse presents a silver lining for other coworking companies and landlords facing higher vacancies.
Housing Wire
NOVEMBER 14, 2023
Consumer prices were up 3.2% in October from a year earlier, down from 3.7% in September and slightly slower than economists’ expectations. “Core” prices, excluding food and energy, were up 4.0% in October, the smallest 12-month change since the period ending in September 2021. However, the index for shelter continued to climb in October by 0.3%, offsetting a decline in gasoline prices and resulting in the seasonally adjusted index being unchanged from September.
Inman
NOVEMBER 14, 2023
CEO and new Inman contributor Christa Huffstickler walks you through proven strategies for planning ahead and building the business of your dreams in the next year.
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