Housing Wire

NOVEMBER 7, 2024

Climate change is increasing the intensity and severity of natural disasters. It’s resulting in calls to reimagine the costs of homeowners insurance (Image generated by AI in Midjourney) As the planet warms and extreme weather intensifies, the rising cost of homeowners insurance is stopping real estate deals in their tracks. In just the past two months, two major hurricanes battered Florida, inflicting physical and financial damage that is projected to exceed $100 billion.

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Design Mortgages Lending As-is 482

Inman

NOVEMBER 7, 2024

Home affordability improved as mortgage rates dipped, bringing the monthly mortgage payment on a typical single-family home with a 20 percent down payment to $2,137 — a 5.5 percent decrease from Q2, though still up 2.4 percent year over year.

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Mortgages Fixed-rate mortgage MLS Marketing 167

Housing Wire

NOVEMBER 7, 2024

Relocating to New York City can be an exciting yet daunting experience, especially for professionals moving for work. This article will guide you in choosing the right neighborhood and show how HR teams can better support their relocating staff. Choosing the right neighborhood 1. Understanding the boroughs New York City is divided into five boroughs, each with its unique charm and characteristics: Manhattan : Known for its bustling city life, iconic landmarks, and vibrant neighborhoods li

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The Close

NOVEMBER 7, 2024

Investing in real estate may seem as simple as buying a property and collecting money, but it is far more complicated than that. Don’t stop reading, though. I said it was complicated, not impossible! This beginner’s guide will help you understand how to invest in real estate successfully, one step at a time. While The Close likes to keep our articles short, this topic needs a bit more explanation, but trust us, it will be worth your while.

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Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

Development

Housing Wire

NOVEMBER 7, 2024

In a new episode of the “Real Estate Insiders Unfiltered Podcast,” hosts James Dwiggins and Keith Robinson are joined by Zillow Group CEO Jeremy Wacksman for a deep dive conversation that covers the role of technology in real estate and Zillow’s “ Super App.” This conversation has been edited for length and clarity. To kick off the episode, Wacksman discusses the importance of technology in real estate.

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Technology Staging Agents Brokerage 370

Housing Wire

NOVEMBER 7, 2024

Home prices continue to rise, but they’re rising in slightly fewer areas of the country. Data released Thursday by the National Association of Realtors (NAR) shows that during the third quarter of 2024, home prices grew in 87% of the 226 metropolitan areas analyzed. That share is down from 89% in the second quarter. In addition, 7% of metro areas analyzed experienced double-digit home-price growth, which is down from 13% in Q2 2024.

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Sales Mortgages Marketing As-is 418

Real Estate News

NOVEMBER 7, 2024

The company says its innovative AI and financial products give it an edge as it increases revenue and agent count despite a difficult housing market.

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Agents Marketing 301

Housing Wire

NOVEMBER 7, 2024

Guild Mortgage CEO Terry Schmidt said during a third-quarter earnings call on Wednesday that Guild’s reverse mortgage division continues to contribute to companywide strategies, and that additional interest in reverse has been observed. Guild’s current reverse lending division, built off its 2023 acquisition of Cherry Creek Mortgage , has expanded its reverse mortgage activities this year.

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Mortgages Equity Lending Branding 370

Brownstoner

NOVEMBER 7, 2024

A design for new infill on an architecturally distinguished and landmarked block of Hancock Street needs refinement, the city’s Landmarks Preservation Commission said at its weekly hearing on Tuesday, October 22. While the commissioners were, overall, enthusiastic about the front of the new building's design and detailing, they agreed the… Read More > The post Proposed Build Too Big for Historic Bed Stuy Block, Landmarks Tells Architect appeared first on Brownstoner.

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Design 111

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.

Industrial

Housing Wire

NOVEMBER 7, 2024

In second-quarter 2024, high home prices and soaring mortgage rates caused more homeowners to struggle with their loan payments. But data shows a slight recovery as mortgage delinquencies fell in the third quarter. That silver lining comes from the Mortgage Bankers Association (MBA)’s National Delinquency Survey. According to the MBA, the seasonally adjusted rate for residential property (one- to four-unit) delinquencies dropped to 3.92% at the end of September.

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VA loan FHA loan Mortgages Loans 370

Real Estate News

NOVEMBER 7, 2024

Despite a 25-point cut by the central bank, rates rose for a sixth straight week while applications fell sharply.

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Banks Mortgages 274

Housing Wire

NOVEMBER 7, 2024

Finance of America (FOA), the reverse mortgage industry’s leading lender, announced its third-quarter 2024 earnings results on Wednesday evening. It delivered adjusted net income of $15 million, or $0.67 per share. The company noted that Q3 2024 marked the fifth consecutive quarter of improved operating performance, including a recovery from the second quarter in which it posted a net lossof $5 million.

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Equity Finance Loan Officer Branding 370

Fancy Pants Homes

NOVEMBER 7, 2024

A two-story home in Hollywood Hills East, close to ritzy Los Feliz, recently landed on the market following a stellar renovation that upgraded its timeless architectural style for modern-day living. The comprehensive renovation — carried out by award-winning, bi-coastal design firm Tim Campbell Studios — took two years to complete and added an additional 1,000 square feet of living space to the 1960s-built residence, along with modern finishes like Fleetwood sliding doors and large f

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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.

Brokerage

Housing Wire

NOVEMBER 7, 2024

Government-sponsored enterprise Fannie Mae announced on Thursday the appointment of Scott D. Stowell, a homebuilding executive with nearly 40 years of industry experience, to its board of directors. “Mr. Stowell brings nearly 40 years of experience in the U.S. homebuilding industry to Fannie Mae’s accomplished and diverse board, which guides the company’s efforts to responsibly expand access to mortgage credit and finance quality, affordable rental housing ,” the company said in a statement.

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New Construction Residential Construction Industrial 370

BAM Media

NOVEMBER 7, 2024

BAM Key Details: The National Association of Realtors®’ 2024 report reveals that the typical home seller’s age has climbed to 63, with married couples making up 69% of sellers, marking an increase for the first time in four years. Most sellers are motivated by a desire to live closer to family, while the share of FSBO (For Sale By Owner) sellers has dropped to a historic low of 6%, highlighting an increased reliance on real estate agents for smoother transactions.

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Sales Agents As-is Marketing 98

RIS Media

NOVEMBER 7, 2024

The National Association of REALTORS®’ (NAR) latest quarterly report shows that single-family existing-home sales prices climbed in 87% of measured metro areas (196 out of 226) in the third quarter of 2024 as mortgage rates continued to trend lower, with the 30-year fixed mortgage rate ranging from 6.08% to 6.95%. This is down from 89%… The post NAR Quarterly Report: 87% of Metros Post Home Price Gains in Q3 2024 appeared first on RISMedia.

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Mortgages Sales As-is Industrial 111

HomeLight

NOVEMBER 7, 2024

As a homeowner in Akron, Ohio, you may find yourself in an unexpected situation where you need to sell your house fast. Whether the need for a rapid move is due to a sudden job relocation, an impending foreclosure, or simply the desire for a life change, navigating Ohio’s real estate market quickly and efficiently can seem like a daunting task, especially without the proper guidance.

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Sales Inspection Land Closing 98

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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.

Agents

The Close

NOVEMBER 7, 2024

When most people think of investing in real estate, they think about being a landlord, but real estate investing comes in many forms. Yes, a landlord is one of them. However, other types of real estate investment have varying degrees of risk, reward, involvement, and finances. So, before jumping into your first or next investment, take a look at these different types of real estate investments and decide which is best for you. 1.

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Property Management Investor Commercial Renovation 98

RIS Media

NOVEMBER 7, 2024

Addressing investors after a Q3 earnings report—in which the company greatly outpaced the broader industry and beat its own expectations—Zillow Chief Financial Officer Jeremy Hoffman said the portal giant is expecting continued tailwinds from broader changes to the real estate industry. “We work with the best partners, and we provide the most technology.

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Investor Technology Industrial 105

Real Estate News

NOVEMBER 7, 2024

The company suffered losses due to its payout in the commissions settlement, but touted agent productivity, international growth and positive revenue.

Agents 243

Agents 243

RIS Media

NOVEMBER 7, 2024

After an aggressive half percent cut in September, the Federal Reserve followed through on an expected but more measured quarter percentage point rate reduction Thursday, just days after an historic election outcome that economists say could cause disruption in the housing market in 2025. The cut to the Fed’s benchmark interest rate brings it to… The post Fed Moves Ahead With Expected Quarter-Point Rate Cut appeared first on RISMedia.

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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.

Agents

Real Estate News

NOVEMBER 7, 2024

CEO Glenn Kelman apologized to shareholders but also said expansion of the company’s new agent pay plan will help the brokerage “go on the attack” in 2025.

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Brokerage Agents 237

Brownstoner

NOVEMBER 7, 2024

Got a project to propose for The Insider? Contact Cara at caramia447 [at] gmail [dot] com A few decades back, carving up historic churches into residential units was all the rage in Brooklyn's brownstone belt. Such conversions often resulted in awkward living spaces. That was the case in this 2,400-square-foot triplex at the… Read More > The post The Insider: Architect Makes Sense of Awkward Space in Heights Triplex appeared first on Brownstoner.

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Residential Renovation 105

Real Estate News

NOVEMBER 7, 2024

The franchise went the same route as eXp, agreeing to settle with plaintiffs in the Hooper case even though it was originally named in Gibson.

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RIS Media

NOVEMBER 7, 2024

Mortgage rates inched up again this week, a six-week runup to date and not expected to stabilize by the end of the year, experts noted. The 30-year fixed-rate mortgage averaged 6.79% this week, up from the previous week’s average of 6.72%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday.… The post Mortgage Rates Move Up for Sixth Straight Week appeared first on RISMedia.

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Fixed-rate mortgage Mortgages Marketing Industrial 97

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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.

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