Housing Wire
JULY 9, 2024
Mortgage rates held steady over the past week despite recent signs of relief from the labor market, according to HousingWire’s Mortgage Rates Center. In large part because of the lack of clarity as to when the Federal Reserve will begin cutting the benchmark rate, mortgage rates remained above the 7% level. The average 30-year rate for conforming loans sat at 7.11% on Tuesday, unchanged from one week ago.
Keeping Current Matters
JULY 9, 2024
If you’re thinking about selling your house, here’s something you really need to know.
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Housing Wire
JULY 9, 2024
Fast-growing firm The Real Brokerage is celebrating its 10 th anniversary by announcing that it has surpassed 20,000 agents. In an announcement on Tuesday, the firm said it has added roughly 1,000 agents per month throughout the first half of 2024. “I can’t tell you what an amazing feeling it is to reach this milestone. Thank you to our agents and Real employees who come to work each day committed to creating a different type of real estate experience.
Real Estate News
JULY 9, 2024
BBB’s ad division sides with Realtor.com challenges to Homes.com traffic claims — the latest twist in the hard-fought battle for the No. 2 spot in home search.
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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.
Housing Wire
JULY 9, 2024
Massachusetts -based Lamacchia Realty is continuing its expansion. The brokerage announced Tuesday that it has acquired Dalton, Massachusetts-based Berkshire Dream Home for an undisclosed sum. Berkshire Dream Home was founded in 2014 by Andy and Sarah Perenick. According to the release, in was the top firm in Berkshire County for transaction sides in 2022 and 2023.
Real Estate News
JULY 9, 2024
Eric Elfman took the helm at the proptech giant in June and is ready to take on competitors, go deeper with AI and “get back to customer-centricity.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
JULY 9, 2024
A new statement takes aim at “misinformation and concern” surrounding the proposed sale of REcolorado and provides details on the buyer and his intentions.
Housing Wire
JULY 9, 2024
I am always amazed at the things people do to make a good living. I mean this in the most open and generous way: My own skill set is limited — as is my imagination — so when I meet people who do things far afield of what I do, I am eager to learn. I am also somewhat in awe at those who can excel at things at which I’d surely fail. Just this week, I have spent time with successful people in the following pursuits: Technology consulting, software development, real estate sales, building construct
Inman
JULY 9, 2024
The publicly traded real estate brokerage reached the milestone on its 10th anniversary and set its sights on a closing-bell celebration at the Nasdaq exchange Tuesday afternoon.
Housing Wire
JULY 9, 2024
Nominations for the 2024 HousingWire Vanguards award are open throughout the month of July. To celebrate the industry’s most prestigious award for c-suite execs in mortgage and real estate, HousingWire reached out to some of last year’s honorees to hear more about their current priorities and asked the question: What are you focusing your energy on in 2024?
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.
Inman
JULY 9, 2024
The thing holding many local MLSs in place is a desire for power and control rather than seeking the best for real estate agents and brokers, writes Mainframe Real Estate founder Sean Frank.
Housing Wire
JULY 9, 2024
In the May 2024 reverse mortgage rates report, we discussed how reverse mortgage borrowers might benefit from higher interest rates over the life of the loan. While this is counterintuitive, one must often think about reverse mortgages in…well, reverse. Of course, the reason for this is because the unused principal with an adjustable-rate Home Equity Conversion Mortgage (HECM) grows at the same rate that is applied to the loan balance.
Inman
JULY 9, 2024
The deal marks the seventh purchase in 12 months for Massachusetts-based Lamacchia Realty as it signals acquisitions across New England in 2025. "I want to triple that in the next 12," CEO says.
Housing Wire
JULY 9, 2024
Over a quarter (26%) of retired investors continue to pay off their mortgage, and precisely one-quarter of the cohort are continuing to pay down credit card debt, according to a new survey from the Nationwide Retirement Institute. The U.S. retirement population is getting older at a faster rate and are also confronted with inflation as an impediment to making ends meet.
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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.
Inman
JULY 9, 2024
In his six months as president, Sears has racked up time in Washington with the DOJ, focused on the trade organization's future and traveled — a lot. He shared his takeaways with Inman ahead of ICLV.
Housing Wire
JULY 9, 2024
CoStar Group is withdrawing two of its Homes.com advertising campaigns after two Fast-Track SWIFT rulings from the Better Business Bureau’s (BBB) National Programs National Advertising Division. The two challenges were brought by Move, Inc., the parent company of rival Realtor.com. Fast-Track SWIFT is an expedited process for single-issue advertising cases brought to the National Advertising Division (NAD).
Inman
JULY 9, 2024
RentRedi's Ryan Barone offers strategies for branding and marketing rental properties across a variety of digital platforms.
Housing Wire
JULY 9, 2024
The Federal Home Loan Bank of Chicago (FHLBank Chicago) and consumer credit scoring system VantageScore announced on Tuesday that the bank is now accepting mortgage collateral using VantageScore 4.0, an updated version of the scoring system using trended credit bureau data. “[M]ember financial institutions can now pledge mortgage collateral using VantageScore credit scores as an alternative to the Classic FICO credit score model,” the announcement said.
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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.
Inman
JULY 9, 2024
The future of real estate lies in our industry's ability to innovate, adapt and align our brands with the evolving market landscape, PR and marketing expert Molly McKinley writes.
Housing Wire
JULY 9, 2024
As expected, Federal Reserve Chairman Jerome Powell did not set a timeline for lowering interest rates during his semiannual monetary policy report to Congress on Tuesday morning when participants complained about the effects of a tightening monetary policy in the housing market. Powell indicated that Fed officials are not there yet, but suggested a better balance of inflation and employment in the U.S. economy.
Inman
JULY 9, 2024
In this luxury case study, learn how The Agency's Daniel Blatman overcame multiple offers and a short timeline to help his clients meet their goals.
Seattle Times Real Estate
JULY 9, 2024
Seattle hopes to spur hundreds of new apartments in what are now empty office buildings, but converting buildings can be expensive and difficult.
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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.
Inman
JULY 9, 2024
Professionalism (or a lack thereof) is important everywhere — on social media, on the phone and face-to-face, but which agents are putting their worst out into the world?
RIS Media
JULY 9, 2024
Editor’s Note: Social Skills is a bi-monthly feature in RISMedia’s Daily News focused on social media and digital marketing tips, trends and solutions for agents and brokers. In the modern age of social media forms and the storytelling that comes with them, blogging feels like a bit of an outdated form of marketing. This, however,… The post Social Skills: Blogging to Grow Your Real Estate Business appeared first on RISMedia.
Inman
JULY 9, 2024
After cutting nearly 500 jobs after Computershare acquisition, lender to eliminate another 277 positions in August, including senior executives in Colorado, Arizona and Florida.
RIS Media
JULY 9, 2024
Housing inventory saw a big increase in June, as the number of homes actively for sale grew for an eighth straight month and increased 36.7% year-over-year, according to new data from Realtor.com®. Realtor.com’s Monthly Housing Trends Report for June found that new listings increased 6.3%, but were down 24.4% from 2019. In addition, the median… The post Report: Housing Inventory Grows Nationwide appeared first on RISMedia.
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Inman
JULY 9, 2024
Rising interest rates and market saturation have caused multifamily builders to slow the rate of new projects, according to a Redfin report published on Tuesday. Between 2021 and 2023, builders filed an average of 18 permits to build multifamily housing units for every 10,000 people in the U.S. However, that number has dropped to an average of 13 permits as of May 2024.
RIS Media
JULY 9, 2024
Federal Reserve Chair Jerome Powell testified before the Senate Committee on Banking, Housing and Urban Affairs, mostly dodging questions about rate cuts while being pressed by lawmakers on housing affordability, inventory and a wobbly commercial real estate market. Powell struck a measured tone; he did not offer a timeframe on when the Fed might lower… The post Fed Chair Jerome Powell Plays Coy About Rate Cuts in Senate Hearing appeared first on RISMedia.
Inman
JULY 9, 2024
The franchisor and plaintiffs offered different reasons for why HomeServices has yet to finalize its commission settlement agreement after announcing it had reached one for $250 million in April.
RIS Media
JULY 9, 2024
Last year, the National League of Cities and the American Planning Association embarked on an effort to discover and advance locally driven solutions to our country’s housing supply and affordability crisis. The goal? To unite the public and private sectors to help local governments meet their residents’ housing needs. Recognizing the complexity of addressing these… The post Fostering Local Solutions to the Housing Supply and Affordability Crisis appeared first on RISMedia.
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