Housing Wire
JULY 31, 2024
Although Americans have complained about high housing costs for decades, their concerns have taken on a fevered pitch recently. At first glance, these concerns seem reasonable: home prices have increased by more than 50% since the end of 2019. This is an annual growth rate of almost 14%—far higher than the long run average rate of 4%. We’ve recently lived through an unusually rapid run-up in home prices.
Keeping Current Matters
JULY 31, 2024
Figuring out what to do with your house when you're ready to move can be a big decision.
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Housing Wire
JULY 31, 2024
After plummeting to an all-time low in May , pending home sales bounced back a bit in June, with the Pending Home Sales Index rising 4.8%, according to data released Wednesday by the National Association of Realtors (NAR). The index rose from a reading of 70.8 in May to 74.3 in June, although the latter reading was down 2.6% on an annual basis. A reading of 100 is equal to the level of contract activity in 2001.
Real Estate News
JULY 31, 2024
While still sluggish, it’s a sign that demand is lurking, and sales “would have been even higher” if buyers weren’t waiting for mortgage rates to drop.
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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 31, 2024
Following a $600,000 research grant to the city of Nome, Alaska , that was issued last year, senior officials at the U.S. Department of Housing and Urban Development (HUD) visited the University of Alaska at Fairbanks to tout the possibilities that 3D printing technology could bring to the construction of affordable housing in the U.S. The grant went to a project team consisting of partners at Penn State University and a nonprofit research firm, the Xtreme Habitats Institute (XHI).
Real Estate News
JULY 31, 2024
As expected, the Fed held steady on rates today, but signaled the possibility of cuts in September. That might not mean big drops in mortgage rates, however.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
JULY 31, 2024
The brokerage also reported double-digit growth in transactions and agent count, in part due to significant acquisitions this spring.
Housing Wire
JULY 31, 2024
More than three-quarters of U.S. adults believe that the Social Security program — which provides monthly benefit payments to Americans starting as early as age 62 — needs an “overhaul,” as it continues to face challenges to its solvency with no sign of political will or compromise to address it. This is according to the 11th edition of the Nationwide Retirement Institute ’s annual Social Security survey that was released this month.
Real Estate News
JULY 31, 2024
The association has shared a series of fact sheets and presentations to help real estate professionals and their clients understand what to expect come Aug. 17.
Housing Wire
JULY 31, 2024
If antitrust lawsuits are impacting agent commissions, it’s not happening at Compass. The brokerage claimed on its second-quarter 2024 earnings call that it’s experiencing virtually no changes in commissions despite the $418 million settlement agreed to by the National Association of Realtors (NAR) following a string of lawsuits related to buyer commission rules.
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 31, 2024
Robert Reffkin on Wednesday said clear cooperation attaches "negative insights" to listings, and predicted the polarizing anti-pocket listing rule is ultimately doomed.
Housing Wire
JULY 31, 2024
With company executives predicting that things will get messy in the U.S. real estate landscape over the next several months due to the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement , eXp World Holdings — the parent company of eXp Realty — is focused on improving the firm’s agent value proposition.
Inman
JULY 31, 2024
A new draft seller contract that eXp Realty is distributing to its brokers and agents is largely consistent with a newly issued set of criteria from the Consumer Federation of America, the watchdog group said this week.
Housing Wire
JULY 31, 2024
Roughly one month ago, Ginnie Mae released a term sheet for a highly anticipated new development for the reverse mortgage industry: a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as HMBS 2.0. The new term sheet detailed several differences from the existing HMBS program, including a reduction in the HMBS pool size to 95% of the loan’s total unpaid principal balance (UPB).
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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.
Real Estate News
JULY 31, 2024
The Consumer Federation of America has shared criteria to “assist regulators … and the industry itself in evaluating the fairness of new seller contracts.
Housing Wire
JULY 31, 2024
Like its peers, New York-based asset manager Rithm Capital, the owner of multichannel lender Newrez , has invested in building an extensive servicing portfolio over the past few years. This has occurred both organically and through acquisitions as Rithm aims to retain customers when mortgage rates decline from current levels. But Michael Nierenberg, the company’s chairman, CEO and president, said he’s not in a rush to achieve the nation’s largest mortgage servicing rights (MSR
Inman
JULY 31, 2024
Executives at Redfin and Zillow made the case at Inman Broker Connect that consumers would benefit from more universal standards of data sharing by MLSs. But the path to such a future is rocky, they said.
Housing Wire
JULY 31, 2024
Technology and outsourcing solutions company a360inc announced on Wednesday that it has acquired ProVest , a Tampa-based process and litigation information services provider for creditors. Some of a360inc’s key constituencies include mortgage lenders, servicers and investors, as well as title agencies. The deal includes an investment in a360inc by the funds managed by Morgan Stanley Investment Management (MSIM), Knox Capital and Nonantum Capital Partners, which will help to “enhance&
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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 31, 2024
Three-year-old indie brokerage Delhougne Realty Group has joined eXp. The brokerage's 65 agents closed $353.33 million in sales in 2023.
Bigger Pockets
JULY 31, 2024
All signs seem to point to a September federal rate cut. It's likely to be the first step toward a revived housing market, but how should investors prepare?
Inman
JULY 31, 2024
Compass brought in $1.7 billion in revenue between April and June, and managed to add thousands of real estate agents to its ranks, according to Q2 earnings released Wednesday.
Bigger Pockets
JULY 31, 2024
Commercial real estate isn't as complicated as you may think. We'll explain why this asset class may be a great entry point for new investors.
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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 31, 2024
Jackie Soto led a panel at Inman Connect Las Vegas on Tuesday titled "Top Tips for Generating More Listings in a Crowded Market.
Bigger Pockets
JULY 31, 2024
Multifamily has had its problems, and while Brian is still looking at some deals, he's turned his attention to these other assets.
Inman
JULY 31, 2024
In his first Inman Connect appearance since 2021, Zillow CEO Rich Barton discussed accelerating tech innovation and the next evolution of the residential portal experience.
Bigger Pockets
JULY 31, 2024
Small multifamily real estate investing could be your quickest path to financial freedom.
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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 31, 2024
Communication and relatability expert Rachel DeAlto took the ICLV stage on Wednesday and declared that she believes in the power of relatability more than anything
Bigger Pockets
JULY 31, 2024
Why is everyone ignoring this one severe housing market trend, what does a 2008 crash predictor think will happen in 2025, and why are homes starting to sit longer on […]
Inman
JULY 31, 2024
The Pending Home Sales Index (PHSI) rose to 74.3 in June, while pending sales were down 2.6 percent year over year.
RIS Media
JULY 31, 2024
Homebuyers and sellers now have grounds for challenging property appraisal values, thanks to new guidelines adopted by federal regulators. The new guidelines standardize the process for “reconsiderations of value” (ROVs) for residential properties to give consumers a fairer shot at disputing an appraisal they believe is inaccurate, according to a joint press release from the… The post Federal Regulators Finalize New Guidelines for Challenging Home Appraisal Values appeared first on RISMedi
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