Housing Wire

AUGUST 16, 2024

One key data line that is flagging a path to recession is the loss of residential construction workers. The number of workers who build single-family and multifamily homes and do remodeling work tend to decline before every recession as higher interest rates dispositionally impact the economy through housing. While the unemployment rate has increased recently , jobless claims have yet to rise to a level that warrants a job-loss recession.

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Construction Residential New Construction Finance 535

Keeping Current Matters

AUGUST 16, 2024

The housing market is in a transition. And that gives you 3 key opportunities going into the fall.

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Marketing Mortgages 355

Housing Wire

AUGUST 16, 2024

In my work, I talk with many seniors. Many are reluctant to leave their homes even when those homes are no longer suitable for their needs. Sometimes, the concern is emotional, but more often than not, it’s financial. What happens if they sell their current home but can’t cover the costs of a new place, especially in a market characterized by record-high home prices?

Mortgages 482

Mortgages Principal Equity Loans 482

Real Estate News

AUGUST 16, 2024

This week’s Mega Agent Camp was part pep rally, part confidence booster during a time of change. “I don’t fear for real estate agents…the good ones will adapt.

Agents 284

Agents 284

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Housing Wire

AUGUST 16, 2024

Housing completions were yet again the only bright spot in housing starts data released Friday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD). In July, privately owned housing starts were at a seasonally adjusted annual rate of 1.238 million units, down 6.8% from June and down 16% compared to a year ago.

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Construction New Construction MLS Residential 481

Housing Wire

AUGUST 16, 2024

Although the U.S. housing market may have slowed during the second quarter of the year, investors did not take their foot off the gas. The number of home purchases by investors rose 3.4% year over year in Q2 2024, the largest increase since Q2 2022, according to a report published Thursday by Redfin. In comparison, total U.S. home purchases fell 1.9% during the same period, which Redfin attributed to elevated mortgage rates and home prices.

Investor 468

Investor Lending Equity Mortgages 468

Inman

AUGUST 16, 2024

A record 8.5 percent of all U.S. homes are worth $1 million or more, up from 7.6 percent last year and 4 percent before the pandemic, according to a new Redfin analysis. California is adding them faster than other states.

Mortgages 193

Mortgages Marketing 193

Housing Wire

AUGUST 16, 2024

When mortgage rates logged their sharpest decline of the year last week following an underwhelming jobs report, data showed that refinance demand surged. Despite what seems like welcome news for loan originators, who have suffered through thinning margins for two years, refinance business has yet to go up much , LOs told HousingWire. “I was going through my newsletters last week to Realtors and told them to watch for the headlines,” said Geoff Black, senior loan originator at Guild Mortgage.

Loan Officer 468

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Inman

AUGUST 16, 2024

A number of unique software products have emerged in 2024, which is proving to be a pivotal year for the industry. From AI search to AI sales coaching, a number of innovators have the chance to make waves before the year is out.

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Industrial Sales Technology Brokerage 187

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

AUGUST 16, 2024

The co-founders of Ribbon want to bring artificial intelligence to home transactions. Shaival Shah and Wei Gan launched a new startup this week called Indigo , which uses AI to run advanced search portals. The Indigo transaction platform automates and streamlines communications, bidding processes and negotiations for buying and selling a home. The founders intend the platform to provide transparency to a market upended by the settlement of antitrust lawsuits by the National Association of Realto

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Brokerage Title Industrial Agents 468

Inman

AUGUST 16, 2024

Beginning Saturday, new rules around commissions take effect, paving the way for the biggest shift in real estate in at least a generation. It's a brave new world, and it begins this weekend.

Industrial 183

Industrial MLS Brokerage Agents 183

Housing Wire

AUGUST 16, 2024

In this week’s episode of the Top Of Mind podcast, Altos Research President Mike Simonsen explores the housing affordability and supply crisis facing the U.S. and its major cities. Salim Furth joins Simonsen to share his expert opinions on the current housing crisis and the various factors that impact new development in certain cities. Furth is a research fellow and the director of the Urbanity Project for the Mercatus Center at George Mason University.

Land 467

Land Construction Development New Construction 467

Inman

AUGUST 16, 2024

Mastering a niche makes you more valuable in the eyes of consumers, senior real estate expert Nikki Buckelew writes, and it will make selling real estate a far more interesting and enjoyable career.

Branding 183

Branding MLS Brokerage Agents 183

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Housing Wire

AUGUST 16, 2024

With the deadline for the business practice changes outlined in National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement just days away , the trade group’s interim CEO sat down for a conversation with James Dwiggins and Keith Robinson, the CEO and CSO of NextHome , on the duo’s podcast Real Estate Insiders Unfiltered podcast.

Industrial 448

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Inman

AUGUST 16, 2024

Luxury auction expert Chad Roffers shares why luxury branded residences are becoming the latest way for high-end brands to bring their touch to every aspect of the luxe life.

Branding 183

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Housing Wire

AUGUST 16, 2024

Compass CEO Robert Reffkin wants to achieve a 30% market share in 30 major U.S. cities. A new acquisition will get it closer to that goal in Austin. The eight-person Prospect Real Estate Team is taking its talents to Compass, adding a group that’s produced $1.21 billion in sales since 2018. “Our team operates as a boutique group with a strong commitment to honesty, integrity, and making our clients’ days brighter with a touch of fun and a smile,” Denise Bodman, the group’s co-principal, sa

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Principal Brokerage Development Construction 448

Inman

AUGUST 16, 2024

In an exclusive interview with Inman, Highnote founder and CEO Mark Choey unveiled his company's latest products aimed at helping agents "win buyers" in a post-settlement world.

Agents 183

Agents Technology 183

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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

Housing Wire

AUGUST 16, 2024

As discussed in previous reverse mortgage rate updates , the federally insured Home Equity Conversion Mortgage ( HECM ) is the dominant reverse mortgage in America. As a result, HECM has become synonymous with reverse mortgages. But did you know that nearly all HECMs originated today are variable-rate loans? This is in stark contrast to the traditional forward mortgage business, which is dominated by fixed-rate products.

Mortgages 448

Mortgages Equity Loans Lending 448

Inman

AUGUST 16, 2024

The fraudster who once self-identified as "the one who creates trouble" has been unmasked by the Department of Justice as 53-year-old Lisa Jeanine Findley. Prosecutors said Findley has gone by several aliases over the years.

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Bigger Pockets

AUGUST 16, 2024

Inspections are important because you need to know what you're getting into, but they're equally important for the negotiations that can occur after.

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Investor Inspection 133

Inman

AUGUST 16, 2024

Renovations don't just apply to your home, the Better Homes and Gardens Real Estate president writes. They can also apply to your professiona and personal endeavors.

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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

Bigger Pockets

AUGUST 16, 2024

Recession fears are increasing. The stock market has taken substantial hits, housing inventory is climbing, and bank account balances are starting to fall.

Marketing 132

Marketing Banks 132

Inman

AUGUST 16, 2024

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Brokerage 178

Brokerage Agents 178

Bigger Pockets

AUGUST 16, 2024

Join BPCON 2024 in Cancun for top real estate insights, unmatched networking, and a luxury all-inclusive experience. A must-attend event for investors!

Investor 131

Investor Development 131

Inman

AUGUST 16, 2024

With a comprehensive compensation plan in hand, Cassie Walker Johnson writes, you'll not only comply with the new buyer representation regulations but also ensure you close with a check in hand.

Closing 174

Closing Agents 174

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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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