Housing Wire
JUNE 21, 2024
Both existing housing inventory and home prices have been rising together year over year, which might seem odd at first glance since existing home sales are trending near all-time lows. However, I can clear up any confusion on this topic. Let’s keep it simple: total active listings are still below 2019 levels nationally, and the days on market are under 30 days today.
Real Estate News
JUNE 21, 2024
The California Association of Realtors informed members that the DOJ expressed concern over new forms related to the NAR settlement and MLS practices.
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Housing Wire
JUNE 21, 2024
Fannie Mae ’s Economic and Strategic Research (ESR) Group said on Friday that it expects a slower recovery of the U.S. housing market than previously forecast. That’s because volatility in inflation readings and resilience in nonfarm payroll growth may provide the Federal Reserve confidence to cut benchmark rates only once in 2024. “Unfortunately, we’re still not forecasting a ramp-up in housing activity, which will require some combination of continued household income growth, a further slow
Real Estate News
JUNE 21, 2024
The median sale price for existing homes hit a record $419,300 in May, NAR reported, but home sales were lackluster and new construction has cooled.
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Housing Wire
JUNE 21, 2024
It was a big week on the cybersecurity front as remote online notarization (RON) firm Proof —formerly Notarize — and digital closing platform Qualia each launched new security features aimed at fraud prevention. Proof’s new security feature is known as Identify, which the firm describes as a no-code solution to overcome falsified records, forged signatures and identity theft. “Proof’s Identify weeds out fraud well before the close of a transaction, and it eliminates friction for any
Real Estate News
JUNE 21, 2024
Can NAR’s optional rules still add up to anticompetitive behavior? Yes, the Department of Justice says in a brief filed June 20 in the case of REX vs. Zillow.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
JUNE 21, 2024
Richard Gibbens will take on the top leadership role at Bluegrass Realtors and Imagine MLS; Dave Phillips, CEO of RRAR, announces his departure.
Housing Wire
JUNE 21, 2024
Low levels of for-sale inventory, high mortgage rates, and record-high home prices continue to hamper existing-home sales. According to the May 2024 existing-home sales report from the National Association of Realtors (NAR), sales volume fell 2.8% year over year to an annualized rate of 4.11 million. That number also marked a decline of 0.7% from April.
Inman
JUNE 21, 2024
The median sale price for an existing home in the U.S. has grown to a whopping $419,300 — the highest since NAR began tracking the metric — following 11-consecutive months of price gains.
Housing Wire
JUNE 21, 2024
In survey after survey in which Americans are asked about their preferred living situations in retirement, recent data is clear — they want to age in place in their current homes and remain in the familiar environs of their house and community. But a closer look at aging in place by NextAvenue asserts that there could be unforeseen, long-term consequences to the concept.
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Inman
JUNE 21, 2024
Software company Entrata acquired its second company in a year with the acquisition of the rental industry’s Colleen, which provides artificial intelligence-based tenant communications and leasing operation support.
Housing Wire
JUNE 21, 2024
SERHANT. is bolstering its presence in New Jersey. The brokerage firm announced Friday that top-performing Bergen County -based team The Adamo Group is making move to SERHANT. from Coldwell Banker Realty. The team is led by Victoria and Attilio Adamo. It is based in Closter, New Jersey, but also serves clients in New York City. “The Adamo Group is beyond thrilled to join SERHANT., resonating deeply with their visionary values and mission.
Inman
JUNE 21, 2024
The California Association of Realtors postponed the release of 21 forms this week after receiving feedback from members — and an inquiry from the U.S. Department of Justice.
Housing Wire
JUNE 21, 2024
The U.S. Department of Housing and Urban Development (HUD) on Friday announced a new round of disaster relief in the state of Hawaii that is targeted for the island of Kauai following severe storms, flooding and landslides that took place there in April. On June 17, President Joe Biden issued an executive order approving a disaster declaration in the state.
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Inman
JUNE 21, 2024
Naperville, Illinois-based team RR Galaxy has joined Keller Williams, it was announced Friday. The 4-person team has closed more than $74 million in sales over the past 2 years, executives said.
Housing Wire
JUNE 21, 2024
The Montana Board of Housing is aiming to remind the state’s seniors about a government-administered program that is specifically designed to help older adults access their home’s equity — and it should be very familiar to members of the reverse mortgage industry. Recently, officials with the state’s housing authority have been publishing new material related to the state’s Reverse Annuity Mortgage (RAM) program , which was passed by the Montana Legislature in 1989 and offers a state-subsidized
Inman
JUNE 21, 2024
Fathom Holdings beefs up title coverage in three states with "strategic addition" to geographic footprint, acquiring nine-person title agency with offices in Utah, Colorado and Virginia.
Housing Wire
JUNE 21, 2024
Since making headlines for the first time roughly 18 months ago, right-to-list agreements — also known as Non-Title Recorded Agreements for Personal Service (NTRAPS) — have been banned in 30 states, according to an announcement from the American Land Title Association (ALTA). The title industry trade group, along with AARP, have spearheaded the effort to outlaw the agreements.
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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
JUNE 21, 2024
The deal will put DO AudioTour tools into the hands of more than 500,000 subscribers, allowing agents to deliver market insights and listings to consumers, executives announced Thursday.
RIS Media
JUNE 21, 2024
Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. -Guaranteed Rate is pushing back strongly against an expose published in the Chicago Tribune that claims the company cultivated a toxic workplace culture rife with sexual harassment and retaliation, calling the article “a hit piece.”… The post Mortgage Mix: Legal Troubles Batter Mega-Lenders; CoStar Nabs Freddie Mac Exec appeared first on RIS
Inman
JUNE 21, 2024
Industry leaders see the lawsuits as one of the top recruiting challenges of 2024, according to Intel survey results. But the brokers who target and elevate middle-tier agents have an opportunity.
Seattle Times Real Estate
JUNE 21, 2024
Ten years ago, the median home price in downtown Seattle was higher than the citywide median. Now downtown is cheaper than the city as a whole, writes FYI Guy.
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Inman
JUNE 21, 2024
WomanUP!, a women's leadership initiative of the California Association of Realtors, was on a whole other level this year, writes speaker and attendee Bernice Ross. Here's why.
Seattle Times Real Estate
JUNE 21, 2024
As more older Washingtonians hope to age in place, the costs of getting their homes ready can be an obstacle. Some programs help with repairs and modifications.
Inman
JUNE 21, 2024
It's up to you to advocate for a fiscally fit future for yourself, senior housing advisor Rachael Hite writes. Here are three women-run resources to help guide you.
RIS Media
JUNE 21, 2024
“I don’t have to offer commission to a buyer agent—why should I?” This simple seller question—one that is likely to become more common every day—is a potential minefield. In the aftermath of the National Association of REALTORS®’ (NAR) settlement agreement, which will mandate the removal of compensation from MLSs starting next month, agents quickly pointed… The post The Compensation Conversation: How to Avoid ‘Steering’ in a Post-Settlement World appeared first on RISMedia.
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.
Inman
JUNE 21, 2024
The 15,000-square-foot home, which sits on 9.5 acres, was not publicly listed for sale. The deal surpasses a nearly $200 million purchase in Malibu by Beyoncé and Jay-Z last year.
RIS Media
JUNE 21, 2024
Existing-home sales slightly declined in May as the median sales price climbed to a record high, according to the National Association of REALTORS®. The median existing-home price for all housing types in May was $419,300, the highest price ever recorded and an increase of 5.8% from one year ago ($396,500). All four U.S. regions registered… The post Home Prices Hit Record High appeared first on RISMedia.
Inman
JUNE 21, 2024
Indie broker Max Fitzgerald built this app to be the top layer of brokerage tech stack, enabling better organization, access and understanding of its most-used tools.
RIS Media
JUNE 21, 2024
The Consumer Financial Protection Bureau (CFPB) has issued a proposed $3.95 million fine against Florida-based mortgage lender Freedom Mortgage. The CFPB previously sued Freedom Mortgage in October 2023 after the company was found to have submitted inaccurate mortgage data to federal regulators during 2020. Freedom Mortgage is described as the third-largest loan originator in the… The post CFPB Proposes Fine Against Freedom Mortgage appeared first on RISMedia.
Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.
In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.
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