Housing Wire
SEPTEMBER 9, 2024
While inventory of unsold homes in the housing market in each of the last two years headed higher during September and October due to mortgage rate spikes, we’re seeing a more normal seasonal pattern now with inventory beginning to decline. We’re also seeing more home sellers withdrawing their listings to try again next year. In fact, for every two sales, there is another listing withdrawn from the market.
Real Estate News
SEPTEMBER 9, 2024
A Fannie Mae survey found that despite sour attitudes about homebuying, there’s hope that rates and prices will decline — and a geographic divide over selling.
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Housing Wire
SEPTEMBER 9, 2024
The mortgage industry has complained loudly and often that government regulation and investor requirements are contributing to spiraling costs that get passed on to consumers. And Rohit Chopra , the hard-charging director of the Consumer Financial Protection Bureau , who is often the target of such complaints, apparently agrees. At least when it comes to redundancies with refinancings, that is. “We really think closing costs can be a significant obstacle to refinancing,” Chopra said
Keeping Current Matters
SEPTEMBER 9, 2024
There are a number of reasons you may be thinking about selling your house.
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
SEPTEMBER 9, 2024
Better Home & Finance Holding Co. , the parent of digital lender Better.com , rolled out its Federal Housing Administration (FHA) streamline refinance program on Monday. The product is available for qualified borrowers with an existing FHA loan who are looking to lower their monthly mortgage payment, reduce their interest rate, shorten their loan term or get out of an adjustable-rate mortgage (ARM), the company explained.
Real Estate News
SEPTEMBER 9, 2024
The brokerage will be offering its Redfin Next commission-split plan to agents in all markets starting Oct. 27, a year after it unveiled the pilot program.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Inman
SEPTEMBER 9, 2024
Ranchers turned real estate advisors offer unmatched expertise in land and ranch sales, expertly navigating complex transactions with deep knowledge of regulations, natural resources and property nuances.
Housing Wire
SEPTEMBER 9, 2024
Last week, Guild Mortgage announced a suite of products under the name “ Flex Payment Mortgage.” The brand includes Home Equity Conversion Mortgage ( HECM ) reverse mortgage products alongside refinances, proprietary jumbo options and HECM for Purchase (H4P) loans. After acquiring the robust reverse mortgage division of Cherry Creek Mortgage in early 2023, Guild has used its expertise in the industry to secure a place as a top 10 reverse mortgage lender.
Inman
SEPTEMBER 9, 2024
While most reported normal activity in the weeks after the commission rules took effect, some saw an uptick in listing clients refusing to pay buyers' fees, new Inman Intel Index results show.
Housing Wire
SEPTEMBER 9, 2024
The new rules mandated by the National Association of Realtors’ (NAR) antitrust settlement are designed to encourage more negotiations for buyer agent commissions. Almost a month after the rules went into effect, that appears to be happening. That’s according to Redfin , which interviewed dozens of its agents about what they’re seeing on the ground in regard to buyer commission conversations.
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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
SEPTEMBER 9, 2024
Worrying won't keep you safe, security expert Robert Siciliano writes. However, clear-eyed assessment of potential risk factors and common-sense precautions just might.
Housing Wire
SEPTEMBER 9, 2024
Roughly a year after launching its new agent payment plan, Redfin has announced that it is expanding Redfin Next to agents nationwide, according to an announcement on Monday. Beginning Oct. 27, all Redfin agents who enroll in the plan will earn commission splits of up to 75%. They will also have nearly all of their business expenses covered, along with receiving technology, support and benefits from Redfin.
Inman
SEPTEMBER 9, 2024
The NBA superstar’s Highland Park estate at 2700 Point Drive was first listed for $29 million in 2012. By 2014, the price had dropped to $16 million, and it is now on the market for $14.8 million.
Housing Wire
SEPTEMBER 9, 2024
Why is homeowners insurance so expensive in the Upper Midwest? The growing prevalence of extreme weather events and the high cost of construction are pushing property insurers to significantly raise their prices , even in places you might not expect. This is according to an article published by the Federal Reserve Bank of Minneapolis , citing data from S&P Global showing as much as a 34% increase in homeowner’s insurance premiums nationwide over a period of seven years.
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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
SEPTEMBER 9, 2024
Find out how to lead with safety in every transaction and protect buyers, sellers, FSBOs and yourself from crime with security specialist Tracey Hawkins.
Housing Wire
SEPTEMBER 9, 2024
Presale renovation firm Revive has made its artificial intelligence -powered property valuation tool available to everyone, according to an announcement on Thursday. Previously, the Revive Vision AI platform was only available to registered real estate agents. “Making Revive Vision AI available to anyone marks a new era in property valuation, where agents and consumers alike can access real-time, data-driven insights to make informed decisions to maximize the value of a home,” Dalip Jaggi,
Inman
SEPTEMBER 9, 2024
The power buyer CEO also weighs in on whether traditional iBuyers will ever see their Goldilocks moment and turn a regular profit.
Housing Wire
SEPTEMBER 9, 2024
Homeowners insurance costs are higher now than they have typically been , which has the potential to hit those living on a fixed income particularly hard. This could be one reason why a local NBC -TV affiliate in New Orleans is reporting that more of the community’s seniors are turning to reverse mortgage products as they seek financial relief. Alison Calamia, a reverse mortgage specialist with America’s Mortgage Resource — which is licensed in the states of Louisiana and Mississippi — told KPLC
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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
SEPTEMBER 9, 2024
Fannie Mae's National Housing Survey shows there's greater optimism about the future, but fewer than 1 in 5 consumers thought August was a good time to buy a home.
Housing Wire
SEPTEMBER 9, 2024
The Community Home Lenders of America (CHLA) on Monday submitted a letter to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra , urging the agency to balance the time frame and processes of loss mitigation in its revisions to Regulation X proposed in July. The proposals require mortgage servicers to emphasize borrower assistance and loss-mitigation options over foreclosure when homeowner struggles to make their required mortgage payments.
Inman
SEPTEMBER 9, 2024
Seattle-based brokerage Redfin is taking its commission-based payment model, Redfin Next, nationwide on Oct. 27. Redfin Next enables agents to keep their W-2 status and benefits while earning competitive commission splits.
Housing Wire
SEPTEMBER 9, 2024
Miami stands as one of the most dynamic and valuable real estate markets in the United States. While not yet reaching the trillion-dollar mark, Miami ‘s total real estate value, including both residential and commercial properties, was estimated at approximately $650 billion as of 2023, according to the Miami Association of Realtors. This places Miami among the top-tier real estate markets in the country, attracting both local and international buyers and driving intense competition among
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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
SEPTEMBER 9, 2024
Are we working to live or living to work? Rachael Hite says you have to safeguard your mind, body and spirit to build a professional legacy that lasts.
Housing Wire
SEPTEMBER 9, 2024
Publicly traded real estate software firm reAlpha Tech Corp. added mortgage lending under its umbrella by acquiring mortgage brokerage company Be My Neighbor on Monday. reAlpha agreed to pay Be My Neighbor an aggregate purchase price of up to $6 million. This consists of $1.5 million in cash paid on the closing date, $1.5 million in restricted shares of the company’s common stock (or 1.15 million shares of restricted common stock for $1.31 per share) and up to $3 million in potential earn-
Eye on Housing
SEPTEMBER 9, 2024
Although rent control policies do, in fact, produce lower rents in the controlled units as intended, these policies also have a number of unintended and undesirable consequences, according to a recently published review of the academic literature. Among the unintended consequences are a reduced supply of housing, higher rents in uncontrolled units, reduced quality in.
Housing Wire
SEPTEMBER 9, 2024
The Top Agent Network (TAN) pocket listing antitrust lawsuit is on track to have its day in court — and that day will be Nov. 3, 2025. U.S. District Court Judge Vince Chhabria in San Francisco set the November 2025 trial date on Friday during a case management hearing. Originally filed in 2020 by TAN, the suit takes aim at the National Association of Realtors ’ (NAR) ban on pocket listings via its Clear Cooperation Policy.
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Bigger Pockets
SEPTEMBER 9, 2024
There's no "fast track" to financial freedom, but with careful steps and a goal, it's certainly possible to do it in five years.
Eye on Housing
SEPTEMBER 9, 2024
NAHB’s featured topic for the second quarter HBGI reveals that 17.5% of single-family and 8.6% of multifamily construction takes place in second home areas. Recent NAHB analysis found that the total count of second homes across the US was 6.5 million, which accounts for 4.6% of the total housing stock. For this analysis, a second.
Bigger Pockets
SEPTEMBER 9, 2024
Redfin once published data that showed for every 1% increase in tech workers in their sample of cities, there was an average 0.49% increase in home prices.
Brownstoner
SEPTEMBER 9, 2024
An affordable housing lottery has opened specifically for seniors aged 62 and above in a new building in East Flatbush, with rents listed as free but with residents required to have Section 8 and pay 30 percent of their income. The lottery for Bethany Senior Terraces at 604 East 40th Street… Read More > The post Affordable Housing Lottery for Seniors Opens in East Flatbush, With Units Starting at $0 appeared first on Brownstoner.
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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