Sat.Jul 27, 2024

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New listings have peaked for 2024: It’s the second-lowest year on record

Housing Wire

One of my critical forecasts for 2024 was the growth of new listings data and active inventory, even with higher mortgage rates. However, the new listings data has slightly disappointed me. Many of my CNBC interviews , starting from late last year and just last week , have been on this theme, and new listings have grown in 2024. But, I set targets with a minimum 80,000 new listings for at least one week at the seasonal peak and that didn’t happen; the peak so far was 72,329, and now we are enter

Mortgages 515
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eXp overhauls listing agreement, invites industry to use it

Real Estate News

To align with the NAR settlement, eXp has issued a new listing form that explicitly states that there is no commission sharing with a buyer's agent.

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It’s a ‘watershed moment’ for commissions: The Download

Inman

Industry analyst Ryan Tomasello, who predicted a 30 percent fall in commissions due to legal, economic and governmental challenges, prepares to take the stage at Inman Connect Las Vegas to discuss consolidation, disruption and innovation.

Staging 167
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Brokerage Beat: C21 gains 3 offices; news from Real, Compass and more

Real Estate News

Century 21 adds affiliates on two coasts; Real nabs Chicago team; 60-year-old Colorado indie expands; E&V opens New Orleans shop; Side and Compass make gains.

Brokerage 257
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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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10 ways to embrace change and thrive in the 2nd half of 2024

Inman

As we move into the second half of the year, it’s important to develop a positive perspective on change, eXp’s Troy Palmquist writes, as an essential element of growth and innovation.

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Tips For Selling Your Home in The Summer

Maximum Exposure Real Estate

For many people, summer holds an enduring appeal. It could be the memories of the end of the school year, taking in a baseball game with your dad, or even making your first few dollars from the lemonade stand you set up in your front yard. Whatever the case, summertime has some great memories associated […] The post Tips For Selling Your Home in The Summer appeared first on Maximum Real Estate Exposure.

Marketing 122

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How to Determine Price Per Square Foot by ZIP Code (and Why You Need to Know)

HomeLight

How important is calculating the price per square foot by ZIP code of houses during your home search? The average price per square foot in new single-family homes in the U.S. is about $150 in 2024, not including land. Lot costs alone can range between $3,000 and $150,000, depending on location and size. But what about in the specific neighborhoods where you’re looking for a home?

Land 116
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How WA governor candidates want to tackle housing, homelessness

Seattle Times Real Estate

Homelessness and housing affordability will be key challenges facing Washington's next governor. Candidates weigh in on how they would tackle those issues.

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Thinking About a Reverse Mortgage? Pros and Cons to Consider

HomeLight

If you’re a homeowner aged 62 or older, you may have accumulated substantial equity in your home, potentially owning it outright. As everyday living costs increase, it’s understandable to consider using some of that equity to cover your daily expenses. A reverse mortgage may be your answer. However, while reverse mortgages can be lifesavers for some homeowners, they can be complicated, and they aren’t designed for everyone.

Mortgages 115
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Top 5 Stories on Brownstoner This Week: New York Makes Deed Theft a Crime

Brownstoner

Court Allows Partition Sale of Bed Stuy Home in Family for 75 Years Ayisha Doyle, like her mother and her children, was raised in the grand brownstone on Jefferson Avenue in Bed Stuy. She still calls the house home, one of five generations of her family who have done so since… Read More > The post Top 5 Stories on Brownstoner This Week: New York Makes Deed Theft a Crime appeared first on Brownstoner.

Sales 99
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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

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.

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Could Mortgage Rates Drop in August? Buyers Are Hopeful

Marco Santarelli

Mortgage rates have been a rollercoaster, leaving homebuyers feeling like they’re on a never-ending search for the golden ticket. After the dizzying heights of the past few years, could August 2024 finally bring some relief? With whispers of economic shifts and a growing sense of optimism, many are wondering if the dream of affordable homeownership is within reach once more.

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20 Bargain Markets

BubbleInfo

Here are 20 housing markets where you have the opportunity to score a bargain in the current housing market, according to Realtor.com. Many of these cities have future upside potential. Each housing market is ranked by three indicators: “supply score,” “demand score” and “hotness score.” The “hotness” score is an equally weighted composite metric of a […] The post 20 Bargain Markets first appeared on bubbleinfo.com.

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Why Are Home Prices Soaring While Sales Are Decreasing in 2024?

Marco Santarelli

It’s an interesting time to be in the housing market —prices are climbing even as the number of sales takes a dip. You might wonder, why are home prices rising in 2024 when sales are dropping? This seeming contradiction can baffle potential buyers and industry watchers alike. Let’s unpack this puzzling situation by analyzing the current trends influencing home prices and sales dynamics.

Sales 52
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10 States with the Most Team USA Olympians in 2024

BAM Media

The Paris Olympics started this week. And it’s got us thinking about where this year’s Olympians on Team USA came from. Apparently, we’re not the only ones curious about that as it wasn’t hard to find source material for this blog—including a map on Instagram that shows how many Team USA Olympians each state has. Since that map is now roughly two weeks old, we’re getting our numbers for the top 10 right from the TeamUSA website.

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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

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.

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Homebuyers Alert: Mortgage Rates Prediction for the Next Month

Marco Santarelli

The question on every prospective homebuyer's mind is: what will mortgage rates look like next month? Mortgage rate predictions for the next month are under the spotlight, especially after a fluctuating first half of the year that kept many potential buyers on the sidelines. Are we about to see a shift in the mortgage market, or will rates remain steadfastly high?

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How Much Are Closing Costs in Michigan 2024?

Redfin

Buying a home is a huge financial decision, and there’s more to consider than just the price of the home. Another large expense that’s important to consider when you’re buying a home is closing costs. Closing costs are the fees and expenses associated with finalizing a real estate transaction and transferring ownership of a property from the seller to the buyer.

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Fed’s Upcoming July Meeting: Will Interest Rates Fall or Stay Put?

Marco Santarelli

As we gear up for next week’s significant Federal Reserve meeting on July 31, 2024, the question many are asking is: What to expect on interest rates? With a mixture of cautious optimism and lingering uncertainty filling the air, the outcomes from the Federal Open Market Committee (FOMC) could drastically shape the economic landscape for consumers, businesses, and market participants.