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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Real Estate News

AUGUST 16, 2024

Consolidation has slowed, and data sharing is on the rise. Some members fear more competition for listings, but for MLSs, it’s “an expansion-based opportunity.

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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?

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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.

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Agents 241

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

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.

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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 309

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 189

Mortgages Marketing 189

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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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 184

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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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.

Brokerage

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 178

Industrial MLS Brokerage Agents 178

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.

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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.

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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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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

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 172

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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.

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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 128

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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

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.

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Closing Agents 160

Calculated Risk Real Estate

AUGUST 16, 2024

Housing Starts Decreased to 1.238 million Annual Rate in July From the Census Bureau: Permits, Starts and Completions Housing Starts: Privately-owned housing starts in July were at a seasonally adjusted annual rate of 1,238,000. This is 6.8 percent below the revised June estimate of 1,329,000 and is 16.0 percent below the July 2023 rate of 1,473,000.

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Construction 120

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.

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Agents Technology 159

Eye on Housing

AUGUST 16, 2024

Year-over-year gains for townhouse construction continued during the second quarter 2024 as demand for medium-density housing continues to be solid despite slowing for other sectors of the building industry. According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, during the second quarter of 2024, single-family attached starts totaled.

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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.

Sales

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.

Renovation 160

Renovation Brokerage Agents Marketing 160

Brownstoner

AUGUST 16, 2024

It offered a bit of heavenly living for the followers of the charismatic Father Divine in the 1930s, and this Kingston property still offers a bucolic bit of acreage with a substantial Second Empire brick manse. There is room for plenty with an additional carriage house, playhouse, and 20th century… Read More > The post Father Divine’s Piece of Heaven in Ulster County, Yours for $1.5 Million appeared first on Brownstoner.

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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 153

Brokerage Agents 153

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 121

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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.

Brokerage

Inman

AUGUST 16, 2024

With all the commission confusion surrounding the new rule implementation, compliance expert Summer Goralik answers your burning questions.

Brokerage 153

Brokerage Agents Marketing 153

RIS Media

AUGUST 16, 2024

The National Association of REALTORS® has issued a final reminder to members, real estate professionals and consumers that on Saturday, August 17, 2024, the practice changes following NAR’s settlement agreement that would resolve claims brought on behalf of homesellers related to broker commissions, will be implemented nationwide. According to a release, REALTOR® MLSs (those owned… The post National Association of REALTORS® Provides Final Reminder on New Practice Change Implementation appe

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Inman

AUGUST 16, 2024

President and CEO of Anywhere Brands Sue Yannaccone offers advice and perspective for the professional changes ahead.

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Branding Agents MLS Brokerage 150

RIS Media

AUGUST 16, 2024

Homebuilder confidence slipped in August as the housing market grapples with affordability headwinds and buyer skittishness amid high interest rates and home prices, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released Thursday. The index, which measures builder sentiment, dipped two points to 39 in August from a… The post Builder Confidence Slumps in August as Low Affordability Plagues Homebuyers appeared first on RISMedia.

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Marketing Industrial 116

Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty

Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.

Agents