Sat.Aug 03, 2024

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Top 3 takeaways from a hot summer week of economic news

Real Estate News

The jobs report was the biggest surprise, and it had an immediate impact on mortgage rates. Meanwhile, inventory continues to build.

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Can Kevin Sears put NAR back on a firm footing? The Download

Inman

NAR President Kevin Sears sat down at Inman Connect Las Vegas with Clelia Warburg Peters to talk about the trade group's past and future, including a return to advocacy and transparency.

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'Unfiltered': Doing this with commissions is ‘asking to be sued’

Real Estate News

Watch the conversation as NextHome execs James Dwiggins and Keith Robinson share their experience with commissions lawsuits and what they think of workarounds.

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Lowest Rates of the Year

BubbleInfo

Mortgage rates plummeted yesterday, making people wonder if the housing market will perk up for the rest of 2024. Getting a lower rate will be a nice sweetener, but buyers aren’t going to overpay just because their payment went down a couple of bucks. Just the turbulence from the realtor fiasco will force extra caution […] The post Lowest Rates of the Year first appeared on bubbleinfo.com.

Mortgages 101
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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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Brokerage Beat: News from United, Windermere, Engel & Völkers

Real Estate News

A noteworthy United Real Estate merger in Dallas, Windermere appoints a new economist, Engel & Volkers agents get access to new design tools.

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Top 5 Stories on Brownstoner This Week: Crown Heights Development Nears Completion

Brownstoner

A Bay Ridge Row House and More to See, Starting at $699K Our picks for open houses to check out last weekend were found in Prospect Heights, Bay Ridge, and Flatlands. They range in price from $699,000 to $3.799 million. -- Crown Heights HDFC Co-op With Woodwork, Mantel, Two Bedrooms Asks $745K Perks of… Read More > The post Top 5 Stories on Brownstoner This Week: Crown Heights Development Nears Completion appeared first on Brownstoner.

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Housing Market Trends and Predictions for Autumn 2024

Marco Santarelli

The housing market , like the ocean, is in constant flux. Tides of interest rates, economic trends, and buyer sentiment ebb and flow, shaping the landscape of homeownership. As we approach autumn 2024, the air is thick with anticipation and uncertainty. What does the future hold for the housing market? Will we see a continued slowdown, a rebound, or something entirely unexpected?

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The 25 Best Affordable Places

BubbleInfo

When choosing a new place to settle, the cost of living is a major consideration. It’s no surprise that a survey of more than 3,000 U.S. residents on the importance of various factors in determining where to live reflected rising consumer concerns about housing affordability and increased cost of goods and services. U.S. News weighted […] The post The 25 Best Affordable Places first appeared on bubbleinfo.com.

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Is the Housing Bubble About to Burst in the US?

Marco Santarelli

As the sun rises on the US housing market , many potential buyers and investors find themselves asking the pressing question: Is the housing bubble about to burst? With home prices reaching record highs, sales figures fluctuating, and economic indicators sending mixed signals, this situation warrants close examination. In this article, we’ll delve deeper into the complexities of the current housing landscape, explore what various experts are saying, and highlight the factors that may influence

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Investment Opportunities: Analyzing Profitable Real Estate Sectors

Louisville Homes

The world of real estate offers a plethora of investment opportunities, each presenting unique advantages and challenges. Investors aiming to diversify their portfolios often turn to real estate due to its potential for steady income and long-term growth. However, identifying the most profitable sectors within this market is crucial for maximizing returns.

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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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Is Now a Good Time to Buy a House with Cash [2024]

Marco Santarelli

The decision to buy a house is always a monumental one, but even more so when it involves a cash transaction. The question “Is now a good time to buy a house with cash?” has become increasingly pertinent in 2024. With fluctuating market dynamics and various benefits associated with cash purchases, potential buyers need to understand the landscape comprehensively before making a move.

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How Does Buying a House in Cash Affect Taxes?

Marco Santarelli

The dream of owning a home is a powerful one, fueled by the promise of stability, equity, and a place to call your own. But for many, the financial hurdle of a mortgage can seem daunting. Enter the idea of buying a house in cash – a bold move that offers freedom from monthly payments and potentially significant tax advantages. While the allure of cash transactions is undeniable, understanding the tax implications is crucial.

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Is It Worth Breaking Your Fixed-Rate Mortgage?

Marco Santarelli

Owning a home is a significant financial commitment, and obtaining a mortgage is a crucial step in that journey. For many, the allure of a fixed-rate mortgage lies in its predictability – consistent monthly payments and the comfort of knowing your interest rate won't fluctuate. However, life throws curveballs, and sometimes circumstances may force you to reconsider your mortgage strategy.

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Will Mortgage Rates Ever Drop Below 5% Again?

Marco Santarelli

Imagine securing the home of your dreams with a mortgage rate so low that your monthly payments feel almost too good to be true. This dream scenario isn't entirely out of reach, but with current rates hovering above 6%, many wonder: Will mortgage rates ever drop below 5 again? Will Mortgage Rates Ever Drop Below 5 Again? As of mid-2024, mortgage rates for a 30-year fixed-rate mortgage are averaging around 6.73%, according to the latest data from Freddie Mac.

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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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5 Mistakes First-Time Homebuyers Make (and How to Avoid Them)

Marco Santarelli

The thrill of buying your first home is undeniable. It's a significant milestone, a symbol of financial stability, and the promise of creating a space you can truly call your own. However, the excitement can sometimes overshadow the complexities of the process, leading first-time homebuyers to make costly mistakes. This comprehensive guide will unveil the top 5 common pitfalls first-time buyers encounter and equip you with the knowledge and strategies to navigate the homebuying journey with conf

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Historical Mortgage Rates Since 1950: Look at the Past (and Future?)

Marco Santarelli

Let's uncover the history of mortgage rates since 1950, from post-war boom to recent volatility. The pursuit of homeownership is a cornerstone of the American dream. But the cost of that dream, often measured in monthly mortgage payments, can fluctuate dramatically over time. Understanding the historical trajectory of mortgage rates allows us to appreciate the present landscape and glean insights into potential future trends.