Housing Wire
SEPTEMBER 24, 2024
Home prices have reached yet another all-time high, but the pace of growth is slowing. That’s according to the S&P CoreLogic Case-Shiller Index for July, which shows U.S. home prices rising 5% year over year. Growth in major U.S. cities was even higher, as the 10-city composite index was up 6.8% year over year and the 20-city composite index was up 5.9%.
Real Estate News
SEPTEMBER 24, 2024
Agent count is growing, teams are expanding and its new compensation plan — Redfin Next — is going national faster than expected, according to a top exec.
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Housing Wire
SEPTEMBER 24, 2024
The mayor of South Portland, Maine , recently acknowledged that property taxes in the region are particularly challenging for those living on a fixed income. When offering advice on how to manage these costs, the mayor brought up the potential for a reverse mortgage. This is according to local reporting by The Maine Wire from a recent city council meeting.
Keeping Current Matters
SEPTEMBER 24, 2024
Believe it or not, almost 80% of first-time homebuyers qualify for down payment assistance, but only 13% actually use it.
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Housing Wire
SEPTEMBER 24, 2024
After the Federal Reserve lowered benchmark interest rates by 50 basis points last week, mortgage rates continued to move lower, although at a slower pace compared to recent weeks. At HousingWire ‘s Mortgage Rates Center on Tuesday, the average 30-year conforming loan rate was 6.25%, down 9 basis points from a week ago. The 15-year conforming loan rate shed another 19 basis points during the week and now averages 5.60%.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
SEPTEMBER 24, 2024
Less than a week after an amended complaint added a slew of new plaintiffs to the Davis homebuyer commission lawsuit , the judge overseeing the case has denied defendant Hanna Holdings ’ motion to dismiss or transfer the suit. Judge Wendy Beetlestone of the U.S. District Court for the Eastern District of Pennsylvania issued her ruling on Monday. Hanna Holdings, the parent company of Howard Hanna Real Estate Services, filed its motion to dismiss the suit in early August.
Inman
SEPTEMBER 24, 2024
Most homebuyers will continue to use an agent and most homesellers will continue to cover buyer agent commissions, writes broker-owner Eric Bramlett of Austin-based Bramlett Residential.
Housing Wire
SEPTEMBER 24, 2024
Like many other big cities across the country, the COVID-19 pandemic wasn’t kind to Chicago. People seeking more space to accommodate working from home led to a minor outflow of residents that put the housing market on pause. But people have returned to the Windy City and, lately, home prices have grown at a pace that would be perfect for Goldilocks — not too hot, not too cold, but just right.
Inman
SEPTEMBER 24, 2024
Realtor.com released its new map-based search experience on Tuesday, which uses color-coded map layers to help homebuyers find their next home based on preferred home features and market trends.
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Housing Wire
SEPTEMBER 24, 2024
Coldwell Banker Realty is strengthening its roster of California- based agents. On Monday, the brokerage announced that it was welcoming top-performing agent Jing Hu to the firm’s office in the Silicon Valley hub of Cupertino. Hu was previously brokered with Keller Williams Santa Clara Valley. She transitioned to real estate sales in May 2022 after a three-year career in property management. “As a Bay Area resident for the past ten years and with a background in property management, I unde
Inman
SEPTEMBER 24, 2024
Real estate professionals who embrace mindfulness now, Aaron Hendon writes, can gain an edge over their competition by staying calm under pressure, making better decisions and connecting more deeply with clients.
Housing Wire
SEPTEMBER 24, 2024
Roemanu , the holding company for Toorak Capital Partners and Merchants Mortgage , announced on Tuesday that it has hired former Finance of America executive Charles Macintosh as its chief operating officer. Macintosh will also join Roemanu’s executive committee and oversee multiple areas of the business from its headquarters in Tampa and its office in Summit, New Jersey.
Inman
SEPTEMBER 24, 2024
With buyer-broker agreements now standard operating procedure, team leader Carl Medford writes, a mandatory buyer consultation should be standard practice for any buyer’s agent.
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Housing Wire
SEPTEMBER 24, 2024
To remix an old adage, when the U.S. housing market sneezes, the U.S. economy catches a cold. And it feels like the housing market is winding up and teetering on a sneeze. But this election season seems to be that moment just before a sneeze erupts when a proactive move (like a quick finger under the nose in the case of an actual sneeze) can stifle a full-blown, damaging spasm.
Inman
SEPTEMBER 24, 2024
The partnership allows Miami Association of Realtors members access to Solid Earth's Ezement Dashboard, which aims to heighten security while eliminating passwords, executives said Friday.
Housing Wire
SEPTEMBER 24, 2024
Top U.S. mortgage lender United Wholesale Mortgage (UWM) this week won a three-year legal battle with a mortgage brokerage firm. The case involves the lender’s controversial “All-In” initiative, which states that brokers who work with UWM cannot engage in business with competitors Rocket Mortgage and Fairway Independent Mortgage Corp.
Inman
SEPTEMBER 24, 2024
Holm, who leads the Holm Team in Austin, has leaned into the city's burgeoning tech industry, and he'll share his insights on Silicon Valley's emergence in Texas at Inman Connect Austin next month.
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Housing Wire
SEPTEMBER 24, 2024
New York-based asset manager Rithm Capital, the owner of multichannel lender Newrez , announced on Tuesday that it plans to raise money for “general corporate purposes” by selling up to 34.5 million shares of common stock to investors in a public offering. The company said underwriters will offer shares from time to time in negotiated transactions or prevailing market prices at the time of sale.
Inman
SEPTEMBER 24, 2024
Better communication and better expectation-setting: that's what a well-developed buyer presentation can create for you and your clients, broker Joseph Santini writes.
Housing Wire
SEPTEMBER 24, 2024
The U.S. Department of Justice (DOJ) announced this week that it has secured a $2.4 million settlement from James B. Nutter & Co. , aka Nutter Home Loans , to resolve allegations that the lender had underwritten ineligible reverse mortgages to be insured by the Federal Housing Administration (FHA). The lender “has agreed to pay $2.4 million to resolve allegations that it violated the False Claims Act and the Financial Institutions Reform, Recovery and Enforcement Act of 1989 by knowingly und
Inman
SEPTEMBER 24, 2024
Home prices continued to break records in July, according to reports released by S&P Dow Jones and FHFA on Tuesday. Some economists said lower rates may fuel demand, pushing prices even higher.
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RIS Media
SEPTEMBER 24, 2024
Every transaction is different now. Depending on where you practice, you might have already been signing buyer agreements with every client. You might even work in a region where compensation can still be offered on the MLS. But as the changes prescribed by the National Association of REALTORS® (NAR) settlement agreement take hold, and the… The post RISMedia Launches Contract & Commission Study, Post-Settlement Compensation Analysis appeared first on RISMedia.
Inman
SEPTEMBER 24, 2024
The broker and new development expert first started his real estate career at Brown Harris Stevens. In March, he had been tapped by Official to serve as a founding agent in New York City.
Brownstoner
SEPTEMBER 24, 2024
In a surprising twist, developer Continuum Company is throwing in the towel on its controversial rezoning application for the Spice Factory site in Crown Heights. The move comes just after City Planning Commission approved a tweaked version of the proposal Monday afternoon, designed to protect the nearby Brooklyn Botanic Garden… Read More > The post Developer Pulls Plug on Second Try for Garden-Threatening Spice Factory Towers appeared first on Brownstoner.
Inman
SEPTEMBER 24, 2024
Drawing on his expertise in door-to-door sales, Richins founded RealD2D, a team offering coaching and training programs. These services focus on building client relationships, developing sales strategies and guiding decision-making.
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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.
RIS Media
SEPTEMBER 24, 2024
Restb.ai has announced the implementation of its technology in 17 new Multiple Listing Services during the first half of 2024. Restb.ai’s advanced technology reaches 151,500 new members through these MLSs, bringing the total number of MLS members with access to its AI-enabled tools in the U.S. to 720,000–reaching more than half of the Realtors in… The post With Latest Partnerships, Restb.ai’s Computer Vision Tech Now Reaches More Than Half of U.S.
Inman
SEPTEMBER 24, 2024
The FTC alleges the company advertised monthly rental rates that did not include mandatory "hidden" fees that could add up to more than $1,700 per year.
RIS Media
SEPTEMBER 24, 2024
REA Group—a News Corp subsidiary and owned by the Murdochs—has announced its third offer to acquire UK-based real estate portal Rightmove. News Corp, which owns REA, also owns and operates several other real estate portals, including Realtor.com®. REA initially bid on the portal on Sept. 5, offering $7.32 billion in cash and stock takeover. After… The post News Corp-Owned REA Attempts to Acquire UK Portal Rightmove appeared first on RISMedia.
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