Housing Wire
JULY 29, 2024
The rising supply of homes for sale has yet to put a serious dent in affordability concerns, but it might be starting to. That’s according to First American ’s monthly Real House Price Index, which shows a national price decline of 1.3% from May to June. The index measures nominal home prices and adjusts them to account for changes in household income and interest rates.
Keeping Current Matters
JULY 29, 2024
Today’s headlines and news stories about home prices are confusing and make it tough to know what’s really happening.
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Housing Wire
JULY 29, 2024
Any sales growth momentum in the real estate market we might have had early in the year is gone. New home sales contracts are coming in pretty consistently fewer than last year — 4.9% fewer in the most recent week. Our Immediate sales measure of homes that get listed, take offers and go into contract in a few days is also notably lower than last year.
Real Estate News
JULY 29, 2024
South Florida’s Broward, Palm Beaches & St. Lucie Realtors is taking a two-pronged approach, using ads to educate consumers while helping members stay informed.
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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 29, 2024
The mortgage world is fast-paced and constantly evolving, driven by shifts in laws and economic conditions. Both lenders and borrowers need to grasp these changes to skillfully move through the maze of mortgage regulations. This guide will walk you through the need-to-knows, helping you thrive in today’s mortgage scene without getting bogged down in legalese.
Real Estate News
JULY 29, 2024
Affordability has remained a problem in much of the country, even as supply has increased. But a few areas, led by Tampa, are becoming more accessible.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
JULY 29, 2024
Since the beginning of the year, fewer investors appear to be jumping into the market, and many report dissatisfaction with managing tenants and properties.
Housing Wire
JULY 29, 2024
Home equity lending in 2023 grew by only 1.5% compared to the prior year, while outstanding debt increased by 8.3% in the same time period, according to a study released Monday by the Mortgage Bankers Association (MBA). The data includes total originations of open-ended home equity lines of credit (HELOCs) and closed-end home equity loans. Marina Walsh, MBA’s vice president of industry analytics, explained that the low-level increase was due to a slowdown between application and closing.
Inman
JULY 29, 2024
EXp's Russ Laggan offers tips for identifying your personal and professional style and putting it to work for you as a memorable differentiator with clients and colleagues.
Housing Wire
JULY 29, 2024
Warmer summer weather has brought cooler housing market conditions to Montana. “The market right now just feels like it’s a bit lukewarm,” said Brian Huskey , a Billings, Montana-based ERA American Real Estate agent. “There is still moderated demand from buyers, but there are a lot of people just sitting on the sidelines right now because housing affordability and rates are playing a big role in people’s decisions.
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 29, 2024
A surprising share of homebuyers are seeking to "move up" in home. And the next wave of clients may have different priorities in mind, according to the Inman-Dig Insights consumer survey.
Housing Wire
JULY 29, 2024
Mortgage lenders loanDepot and Movement Mortgage have agreed to end a one-year dispute over the poaching of employees, according to a document filed Friday in a district court in Delaware. In June 2023 , California-based loanDepot accused its competitor of damaging its business by hiring more than 25 of its employees in a three-month period. According to loanDepot, Movement’s actions in late 2021 and early 2022 resulted in “effectively crippling” several “now-depleted” branches.
Inman
JULY 29, 2024
There's plenty that's still not clear as the Aug. 17 implementation deadline approaches, broker Cara Ameer writes. Here's how to make sure your seatbelts are fastened low and tight as you brace for potential impact.
Housing Wire
JULY 29, 2024
There are plenty of challenges for renters and homebuyers this year, especially when it comes to affordability. But technology — particularly leveraging generative AI — can help solve these challenges in new ways. At least, that was the premise of the FHFA’s 2024 TechSprint last week, which focused on innovative housing use cases for gen AI. The sprint culminated with a demo day on Thursday where 12 teams presented their solutions to a panel of technology, regulation and housing experts.
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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 29, 2024
Homebuyers and sellers need a professional they can trust. Check out a few ideas for showcasing this quality to current and future customers.
Bigger Pockets
JULY 29, 2024
Home insurance rates are set to climb another 6% this year, and that's after a 20% gain over the past two years.
Inman
JULY 29, 2024
Find out how this third-generation Realtor puts his background and love of the land to work for clients ranging from farmers to hunters to developers of therapy and religious retreats.
RIS Media
JULY 29, 2024
Homesellers must understand how market conditions impact your listing contract terms. It can determine the success of your property sale and the financial outcome. I have put much effort into educating you on what you should know about listing agreements as they relate to the current market: The different types of listing agreements and how… The post The Impact of Market Conditions on Your Listing Contract Terms appeared first on RISMedia.
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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 29, 2024
Luxury homebuyers are used to paying big bucks for quality service. That's partly why several Luxury Connect panelists in Las Vegas think the NAR settlement won't make a huge splash in the higher price points.
Bigger Pockets
JULY 29, 2024
I finally got my feet wet with a syndication deal, and it didn't go so well.
Inman
JULY 29, 2024
LoftyWorks is the company's latest software release, a marketing, management and financial reporting tool for agents looking to add value in the rental market.
RIS Media
JULY 29, 2024
Above, Marie Espinal, left and Jeff Adler Manhattan team leaders Marie Espinal and Jeff Adler, newly associated with Corcoran Group’s Park Avenue South office, bring with them 15 years of successful partnership, a lifetime sales volume of almost $3 billion, and a playbook of finely honed real estate strategies designed to forge long-term client relationships.… The post Upscale Manhattan Team Focus: Be a Trusted Advisor 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.
Inman
JULY 29, 2024
Remodeling marketplace Fixr's 2024 home design survey revealed homebuyers are prioritizing organization and energy-saving features, alongside open and hybrid floor plans.
RIS Media
JULY 29, 2024
When you work on a team, meetings are an important part of your toolkit to succeed. They serve as a way to bring teammates together for idea-sharing, knowledge gathering, relationship building and to make critical decisions. But it’s imperative that your meetings have structure and purpose in order to make them beneficial for your business… The post Team Tactics: 4 Ways to Make the Most of Team Meetings appeared first on RISMedia.
Inman
JULY 29, 2024
The 17,500-square-foot triplex that once asked $250 million was heavily featured in Serhant's new Netflix series, "Owning Manhattan." It is unclear who will now rep the listing.
RIS Media
JULY 29, 2024
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Outside of the realm of the ever-trending commission lawsuits in the industry, other legal conflicts continue to arise and develop in the real estate sphere. Here’s a look at what legal news developed… The post COURT REPORT: CoStar and Move, Inc.
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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.
Inman
JULY 29, 2024
The multi-talented "Married to Real Estate" star teased the fourth season of her wildly popular HGTV reality show ahead of her appearance TODAY at Inman Luxury Connect in Las Vegas.
Bigger Pockets
JULY 29, 2024
Should you move to invest in real estate? Perhaps you’re stranded in a pricey market or an area with unfavorable landlord-tenant laws.
Inman
JULY 29, 2024
Luxury Connect panelists said that a generational wealth transfer is lifting more millennials into the luxury real estate market, and it's already changing how luxury brokerages are working to attract clients.
HomeLight
JULY 29, 2024
The increase in housing prices in recent years has prompted many homeowners to wonder about the value of their own, especially as they compare house prices in their local area. At the end of the year 2023, 50% of top agents surveyed by HomeLight said we were in a seller’s market, while 28% said we have a balanced market. Only 13% said it’s a buyer’s market.
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