Wed.Jun 19, 2024

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People on the Move: New CFOs at CoStar, Inside Real Estate

Real Estate News

The companies have hired veteran financial executives to support growth efforts, with Chris Lown joining CoStar and Chris Black joining the proptech leader.

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What You Need To Know About Today’s Down Payment Programs

Keeping Current Matters

There's no denying it's gotten more challenging to buy a home, especially with today's mortgage rates and home price appreciation.

Mortgages 272
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Housing Market Decoded: Why is inflation so sticky?

Real Estate News

It’s all about housing, which has an outsized effect on the Consumer Price Index — and is contributing to the Fed’s lack of action on interest rates.

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REsides has Opted Out of the NAR Settlement, Citing Commitment to Brokers

RIS Media

REsides MLS has announced it chose not to opt in to the NAR settlement. Instead, the MLS has stated it will implement its own changes, beginning in late August. This decision is part of REsides’ ongoing commitment to being a strategic partner for brokers with expanded opportunities and support to manage their business into the… The post REsides has Opted Out of the NAR Settlement, Citing Commitment to Brokers appeared first on RISMedia.

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Ready for the Post-NAR Lawsuit Landscape? Get the Broker Action Plan

Now more than ever, agents need 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.

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Affordable Housing Lottery in East New York Has $750 Studio Apartments

Brownstoner

An affordable housing lottery for an East New York building with units starting at $750 per month is open for applications, with a total of 19 units available. The building sits beside another almost identical development whose affordable housing lottery kicked off days earlier. Both are designed by Nikolai Katz… Read More > The post Affordable Housing Lottery in East New York Has $750 Studio Apartments appeared first on Brownstoner.

More Trending

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Vendor Management on the Road(s) to Centralized Maintenance

GeekEstate

[Editor’s Note: Originally published on Wreno.io.] For the last few years, multifamily property managers have been pinched by surging interest rates, rising resident expectations, and falling revenue margins — trends that have left some industry leaders gloomy. In the latest 20for20 survey of multifamily leaders, only 3 in 10 said they expected 2024 to be better than 2023 for their companies.

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Huge Danish Mid-Century Modern Vintage Furniture Warehouse Opens in Red Hook

Brownstoner

A big Danish mid-century furniture warehouse with a devoted following has traded its Jersey City store for one double the size on the waterfront in Red Hook next to Ikea. Lanoba Design is known for its sharp prices, high quality, and vast selection. Founders and married couple Lars Noah Balderskilde and… Read More > The post Huge Danish Mid-Century Modern Vintage Furniture Warehouse Opens in Red Hook appeared first on Brownstoner.

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NAR-Independent MLS Dismissed From Copycat Lawsuit

RIS Media

In a potentially precedent-setting move, a federal judge recently dismissed an MLS that is not affiliated with the National Association of REALTORS® (NAR) from a class-action commission lawsuit, finding that certain rules involving offers of compensation are not as “unilateral” as alleged by plaintiffs. In one of the many Burnett copycat suits filed late last… The post NAR-Independent MLS Dismissed From Copycat Lawsuit appeared first on RISMedia.

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Fed Eyes Interest Rate Cut as Economic Pressures Start Shifting

Marco Santarelli

The Federal Reserve is the central bank of the United States. It plays a vital role in shaping the country's monetary policy. One of the tools at its disposal, which is considered vital, is the manipulation of interest rates. So, when Adriana Kugler, the Governor of the Federal Reserve, issued a press statement recently, it became the center of discussion and speculation by financiers.

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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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Homes.com, Realtor.com CEOs Clash for 2nd Place Supremacy, With Both Eying Zillow

RIS Media

The words from CoStar CEO Andy Florance were delivered almost as an afterthought that day in February 2023 at the end of an upbeat but otherwise boilerplate quarterly earnings report. “While we typically do not comment on potential acquisition opportunities, we are confirming here that CoStar Group (corporate parent of Homes.com) is not acquiring Realtor.com,”… The post Homes.com, Realtor.com CEOs Clash for 2nd Place Supremacy, With Both Eying Zillow appeared first on RISMedia.

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Grant Cardone Bets $1 Billion on Housing Market Prediction

Marco Santarelli

The US rental market is poised for significant changes in the coming decade, according to real estate mogul Grant Cardone. Known for his bold market predictions and strategic real estate investments, Cardone has recently forecasted that the average rent in the United States could nearly double within the next ten years. Cardone's prediction comes at a time when the American housing market is experiencing a unique set of circumstances.

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Hard Money Lenders Los Angeles: Quick Funding Options

HomeLight

Looking to fund your next real estate venture in Los Angeles? Whether you’re aiming to flip a historic Craftsman in Echo Park or invest in a rental property in Silver Lake, hard money lenders in Los Angeles offer the flexibility and speed needed to close the deal. These loans provide an alternative to traditional financing — perfect for those with tight timelines, limited initial capital, or credit challenges.

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Good News for Renters? Single-Family Rent Growth Slows Down

Marco Santarelli

The latest Single-Family Rent Index (SFRI) by CoreLogic®, a leading real estate data and analytics firm, paints a picture of stability in the single-family rental market for April 2024. Let's delve deeper into the report's findings to understand what this means for renters and potential investors. Nationally, rents are exhibiting a wait-and-see approach.

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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.

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eXp Aware of Sexual Assaults by ‘Alpha Agents’ for Years, Took No Action

RIS Media

A woman suing mega-brokerage eXp and several high-profile recruiters just added a cascade of new accusations and allegations to her lawsuit, claiming that the company and its founder, Glenn Sanford, ignored extensive reporting on sexual assaults committed by two eXp agents—Michael Bjorkman and David Golden—despite public statements by Stanford that eXp had no knowledge of… The post eXp Aware of Sexual Assaults by ‘Alpha Agents’ for Years, Took No Action appeared first on RISMedia.

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Daily Links: Broadway Junction Plan With Retail Starts Environmental Review

Brownstoner

In the News Looking for Friends? How About 23 Housemates? [NYT] Could New York Ban Face Masks on the Subway? [NYT] Juneteenth Weekend in Brooklyn? It’s an Easy Call [NYT] A Night at Laylit: Arabic Music, Community Celebration, Grief [BK Mag] ‘Burg Venue Isola Opening in Old Knitting Factory Space [BK Vegan] After Long Battle, Park… Read More > The post Daily Links: Broadway Junction Plan With Retail Starts Environmental Review appeared first on Brownstoner.

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Mortgage Applications Continue to Rise This Week

RIS Media

Mortgage applications continued their upward trend and increased 0.9% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending June 14, 2024. This week’s data: The Market Composite Index, a measure of mortgage loan application volume, increased 0.9% on a seasonally adjusted basis from one… The post Mortgage Applications Continue to Rise This Week appeared first on RISMedia.

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In London, a Houseboat Used to Be the Affordable Option. Not Anymore.

Seattle Times Real Estate

A new wave of residential boaters is stretching London's canal support system past its limits, and the once-affordable option is becoming less attainable.

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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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Homebuilder Confidence Hits Lowest Reading Since December 2023

RIS Media

With mortgage rates remaining high, little change in inflation and the Fed still not making any decisions when it comes to a rate cut, homebuilder confidence remains troubled as it hit its lowest reading since December 2023, according to the latest National Association of Home Builders (NAHB) data. The NAHB/Wells Fargo Housing Market Index (HMI)… The post Homebuilder Confidence Hits Lowest Reading Since December 2023 appeared first on RISMedia.

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Discover Top Hard Money Lenders in Phoenix

HomeLight

Are you looking to kickstart your real estate investment in Phoenix with a hard money loan ? Whether your goal is to flip a bungalow in the Roosevelt Historic District or purchase a rental property in Arcadia, hard money lenders in Phoenix provide the quick funding and flexible terms you need. These loans serve as an alternative to traditional financing — especially useful for projects requiring fast turnaround times or for those with less-than-perfect credit.

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Top Strategies to Access the Affluent

RIS Media

Accessing affluent buyers in the luxury real estate market requires a strategic approach that takes into account their preferences, behaviors and expectations. By implementing a combination of the strategies outlined below you can effectively access this desirable market segment in the luxury real estate industry. Here are some top ways to access the affluent: Establish… The post Top Strategies to Access the Affluent appeared first on RISMedia.

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New Record Sale

BubbleInfo

At 7%, those payments are $1,350,564 per month! There is always somebody with more horsepower! The post New Record Sale first appeared on bubbleinfo.com.

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The 4 Most Impactful Actions to Take in Real Estate in 2024

Strategic real estate professionals know that the name of the game right now is to stay informed, adaptable, and ready to make confident decisions. In this free download, Inside Real Estate CEO, Joe Skousen, shares what he believes are the top 4 most impactful actions in real estate right now. We've been actively engaging with industry experts, analyzing data, and listening intently to the experiences of our agents on the ground.

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Katie Johnson Steps Forward to Address Industry Leaders

RIS Media

After weathering more than a year of turmoil and controversy at the National Association of REALTORS® (NAR), Katie Johnson is set to address an elite group of residential real estate thought leaders during RISMedia’s 36th Annual CEO & Leadership Exchange in Washington, D.C., this September. As NAR’s chief legal officer and chief member experience officer,… The post Katie Johnson Steps Forward to Address Industry Leaders appeared first on RISMedia.

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How Much Does It Cost to Build a House in Ohio?

HomeLight

When it comes to purchasing a home in Ohio, there are plenty of reasons why you might have your eye on a new construction property rather than an existing house. There’s an undeniable appeal to being the first one to live in a brand-new house. Building new is also a way to get around the state’s low inventory of available homes. But how much does it cost to build a house in Ohio?

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Mindful Living Tips to Incorporate Relaxation Into Your Daily Routine

RIS Media

The bustle of daily living can take its toll. With so many people reporting that stress and overwhelm are a regular part of their day, finding a way to destress and rejuvenate each day is paramount. With compelling evidence that mindfulness can help, there’s no doubt that taking some time to focus on relaxation and… The post Mindful Living Tips to Incorporate Relaxation Into Your Daily Routine appeared first on RISMedia.

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7 Tips for Executors Tasked With a Difficult Job: Selling the House

HomeLight

Whether the deceased is your dearly departed loved one, or you’re simply a court-appointed personal representative , the weight of fulfilling someone’s final wishes during probate is a heavy load to carry. Add in the complexity of selling a house during the process and honoring those last requests can feel impossible. While the probate process varies from state to state , there are ways to simplify the process no matter where you live.

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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

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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Instant Curb Appeal Killers: 5 Mistakes to Avoid

RIS Media

Most homeowners know how pivotal curb appeal is for your home value, and there’s no doubt that a great exterior can set the tone and create a welcoming impression for any visitors. Unfortunately, when it comes to curb appeal, a few small mistakes can greatly impact your home’s overall look. Overgrown Landscaping While this may… The post Instant Curb Appeal Killers: 5 Mistakes to Avoid appeared first on RISMedia.

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Caricatures

1000Watt

Have you ever had a caricature drawn of yourself? Usually on a boardwalk somewhere or at an amusement park. An artist sits and exaggerates your best, worst and stand-out features in a way that makes you laugh because it looks like you, but it isn’t you at all. Tim Ferriss (the entrepreneur, author, and creator of The Tim Ferriss Show podcast) talked in a recent interview about why he doesn’t follow where his customers lead him.

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How To Pack Your Home When Moving Long-Distance

RISMedia

By Rachelle Wilber Moving long-distance can be a daunting task, but with the right strategies and planning, it can become a manageable and even smooth process. In this blog post, we'll explore some strategies to help you navigate the complexities of packing your home for a long-distance move. From creating inventory lists to effectively labeling […] The post How To Pack Your Home When Moving Long-Distance appeared first on RISMedia's Housecall.