Housing Wire
MARCH 21, 2024
Today’s existing home sales report was a massive beat , similar to what happened last year in this month. Will this mark the high point for sales this year like it did in 2023? Unless mortgage rates go lower, that’s what we should expect, because that’s what happened last year. When mortgage rates headed lower at the end of 2022 into 2023, we had 12 weeks of positive weekly purchase application data.
Keeping Current Matters
MARCH 21, 2024
If you’re planning to move soon, you might be wondering if there'll be more homes to choose from, where prices and mortgage rates are headed, and how to navigate today’s market.
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Housing Wire
MARCH 21, 2024
Equifax’s Work Number product is too expensive for consumers and the Federal Housing Administration ( FHA ) and Federal Housing Finance Agency ( FHFA ) should potentially do something about it, an influential mortgage trade group argued this week. In a letter submitted to FHA commissioner Julia Gordon and FHFA director Sandra Thompson on Thursday, the Community Home Lenders of America ( CHLA ) expressed concern that the cost of employment verifications charged by Equifax is “excessive” as
Real Estate News
MARCH 21, 2024
Redfin Next, which offers “competitive splits” while continuing to provide agents with employee benefits, has expanded to major markets across the U.S.
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
MARCH 21, 2024
U.S. Sen. Josh Hawley (R-Mo.) has sent a letter to the U.S. Department of Justice ‘s Antitrust Division, urging an investigation of Fair Isaac Corp. (FICO), the company that retains the rights to the mortgage market’s adopted methodology to measure consumer credit risk. The letter , dated March 12 and addressed to assistant attorney general Jonathan Kanter, states that FICO “appears to be using its monopolistic power over the credit scoring market to increase costs for mortgage
Real Estate News
MARCH 21, 2024
While home sales still aren’t as strong as they were in 2023, the near-10% jump in February “is a good sign” — but the momentum may not last.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Inman
MARCH 21, 2024
They asked the court for more time to analyze the impact on their proposed settlement of NAR's proposed rule change banning the MLS display of commissions offered to buyer brokers.
Housing Wire
MARCH 21, 2024
While the news of the National Association of Realtors’ settlement agreement in the commission lawsuits may have created panic at some brokerages , local Realtor associations and Multiple Listing Services (MLSs) said they were not only anticipating the news but were prepared for it. “We’ve been scenario planning for quite some time, and it was not a scenario we have not already planned for,” said Art Carter, CEO of the California Regional MLS (CRMLS).
Real Estate News
MARCH 21, 2024
A new Realtor.com report concludes that the best time to list in 2024 is right around the corner.
Housing Wire
MARCH 21, 2024
More people seem to be aware of the potential utility that a reverse mortgage could provide for older homeowners, including as a tool to age in place and to provide greater cash flow in retirement. This is according to survey results published this week by WSFS Mortgage , a division of WSFS Bank. “[M]ost homeowners with knowledge of reverse mortgages agree they can allow you to stay in your home longer (79%) and provide needed cash flow (76%) in retirement,” the results explained.
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Inman
MARCH 21, 2024
The strategic promotions will help "drive the next era of Realty One Group's unprecedented global growth," as the franchiser continues its quest to grow to 30,000 agents.
Housing Wire
MARCH 21, 2024
While reverse mortgage volume in 2024 got off to a rocky start, new data that breaks out retail Home Equity Conversion Mortgage (HECM) endorsements versus wholesale production showed that it was the former that took the bigger hit in the first month of the year, based on new data compiled by Reverse Market Insight (RMI). According to RMI’s newest HECM Originators report , wholesale endorsements gained 2% from December to January, while retail/direct endorsements fell by 3.7%, dragging the total
Inman
MARCH 21, 2024
Find out how this broker-owner left his role as a marketer for brands like Patron Tequila, the Dallas Mavericks and SMU Athletics to lead — and grow — a real estate company.
Housing Wire
MARCH 21, 2024
Planet Home Lending hired Matt Kingsborough as regional sales manager, the Connecticut-based lender, servicer and asset manager announced Thursday. Kingsborough has more than 20 years of experience in mortgage lending and will be responsible for driving the company’s expansion plans in the western U.S. “Stepping into Planet Home Lending marks a pivotal chapter in my career,” Kingsborough said in a statement.
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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
MARCH 21, 2024
Seattle-based brokerage Redfin has expanded its commission-based payment model, Redfin Next, to agents in Chicago, Connecticut, Dallas, Miami, New York, Palm Beach and Washington, D.C. Redfin execs said Redfin Next will help them navigate market "ups and downs," including the NAR settlement.
Housing Wire
MARCH 21, 2024
Mike Fratantoni , the chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association (MBA), addressed three major challenges in the housing market during testimony before the U.S. House of Representatives ‘ Financial Services Subcommittee on Housing and Insurance. The biggest challenge in today’s housing market is the lack of inventory , Fratantoni said in his written statement on Wednesday.
Inman
MARCH 21, 2024
A Sydney listing agent accidentally burned down her client's $3 million home. Five years after the accident, her broker has been ordered to pay $850K in damages.
Real Estate News
MARCH 21, 2024
Homebuyers may have more choices, but financing continues to be challenging.
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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
MARCH 21, 2024
Listing agents have less than a month to prepare homesellers for the spring housing season, according to Realtor.com's annual "Best Day to Sell" analysis, published on Thursday. This year, the portal says the week of April 14 is the best time to close a deal as fluctuating mortgage rates have a dual effect on the market.
Bigger Pockets
MARCH 21, 2024
With inflation hovering slightly north of 3%, the Federal Reserve’s meeting this week and its decision to leave interest rates where they are were seen by many as inevitable.
Inman
MARCH 21, 2024
In pursuit of a bigger slice of an estimated $14 billion market after Black Knight acquisition, Intercontinental Exchange signs 37 new Encompass clients and four new servicing clients.
Calculated Risk Real Estate
MARCH 21, 2024
From the NAR: Existing-Home Sales Vaulted 9.5% in February, Largest Monthly Increase in a Year Existing-home sales climbed in February, according to the National Association of REALTORS® Among the four major U.S. regions, sales jumped in the West, South and Midwest, and were unchanged in the Northeast. Year-over-year, sales declined in all regions.
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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
MARCH 21, 2024
Existing-home sales were on the upswing in February, according to a National Association of Realtors report published on Thursday. The sale of existing single-family homes, townhomes, condominiums and co-ops declined 3.3 percent year-over-year from 4.53 million in February 2023 to a seasonally adjusted annual rate of 4.38 million. Although sales failed to break out of an annual slump, they rose 9.5 percent from January — marking the most significant monthly gain in a year.
RIS Media
MARCH 21, 2024
Selling your home is a significant decision. The right strategies can make the process smoother and more profitable. Even in a seller’s market, you can’t take the basics of selling a home for granted. We will cover critical strategies, including professional photography, online platforms and writing compelling descriptions. We aim for clarity, brevity and effectiveness… The post Don’t Forget the Basics: How to Market a Home in a Seller’s Market appeared first on RIS
Inman
MARCH 21, 2024
ChatGPT answered questions about the value a real estate agent has and about how real estate commissions work. Do you agree with its answers?
RIS Media
MARCH 21, 2024
“This is not the end. It is not even the beginning of the end—but it is, perhaps, the end of the beginning.” Winston Churchill was referencing battles and war, not real estate, when he spoke those words. But in the lower-stakes context of the National Association of REALTORS® (NAR) settling seller lawsuits last week, the… The post Attorneys Say Legal Battles Will Continue as Companies Face Tough Choices appeared first on RISMedia.
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Inman
MARCH 21, 2024
Kaplan’s new Buyer Agency Professional course aims to help buyer agents negotiate the ways they are compensated.
Tom Ferry
MARCH 21, 2024
The NAR Settlement Presents a Massive Opportunity The moves you make right now will have a long-lasting impact. The recent settlement proposed in the NAR lawsuit has shaken our industry and forced a lot of agents to reexamine the way they work. The post What to Do Now: Refocusing After the NAR Settlement appeared first on Tom Ferry.
Inman
MARCH 21, 2024
ERA Real Estate vice president, and new Inman contributor, Lee Ann Roughton shares practical ways to help all women in real estate rise together.
HomeLight
MARCH 21, 2024
Have you considered your neighborhood’s walkability score? Such a rating is not just about sidewalks, paths, or streetlights. Walkability scores by address provide a glimpse into daily life in a neighborhood, highlighting how easily you can accomplish errands on foot, the proximity to public transportation, and the overall convenience of the area. For home sellers, a high walkability score can give you a competitive marketing edge.
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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