Fri.Dec 29, 2023

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How LOs, mortgage execs are preparing for 2024

Housing Wire

After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. The Federal Reserve recently signaled plans to slash interest rates three times in 2024, shifting toward the next phase in its monetary policymaking. “It finally seems like we are turning a corner and that’s good news after two years of the Fed’s negative perspective that we’ve heard,” Max Slyusarchuk, CEO of A&D Mortgage , said in

Mortgages 476
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The Benefits of Working With an Agent When You Sell Your House [INFOGRAPHIC]

Keeping Current Matters

When it comes to selling your house, the expertise of a trusted real estate agent can make a big difference.

Agents 316
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Homebuilders are primed for an even better 2024

Housing Wire

In some ways, 2023 was the year of the homebuilder. There wasn’t much competition from existing homeowners. And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. The business appears durable, too.

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The Ten: How commissions lawsuits defined the year, and what’s next

Real Estate News

The Sitzer/Burnett trial put a spotlight on compensation, but it’s far from “case closed” as questions — and lawsuits — about how agents get paid multiply.

Closing 180
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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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Homebuying has not been this affordable since May: ICE

Housing Wire

The decline in mortgage rates in November helped financially strained homebuyers, according to ICE Mortgage Technology ‘s latest Home Price Index data. It took $279 less per month to purchase the median-priced home in November compared to October, according to ICE Vice President of Enterprise Research Andy Walden. As a result, mortgage demand ticked up as well last month.

Principal 468
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Navigating land purchase and investment strategies

Inman

Land expert and new Inman Contributor Poujan Sadri offers insights to help you understand the world of land use and development for residential, commercial or industrial projects.

Land 191

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5 things your broker is too nice to tell you, but you need to hear

Inman

You may not want to hear the truth, writes Jimmy Burgess, but you need to hear it if you want to make big improvements in your performance. Here are the five things you need to get real about.

Brokerage 186
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7 best online real estate schools in California for 2024

Housing Wire

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Choosing one of the best online real estate schools in California is your first step to joining our vibrant industry, and it’ll set you up for success for the state’s real estate exam. The state of California requires 135 hours of prelicensing coursework to become a licensed real estate salesperson. [ 1 ] Our rigorous review of California real estate schoo

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The 31 biggest residential deals of 2023 commanded $50M or more

Inman

New York City and Palm Beach saw the greatest number of high-end luxury sales this year, while Los Angeles, marred by the new mansion tax, did not make the list.

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6 best online real estate courses in New York (NY) for 2024

Housing Wire

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. To become a real estate agent in New York, you’ll need to complete 77 hours of real estate classes before you can sit the New York real estate exam and apply for your license. With so many approved, online options to choose from, we’ve pinpointed the best online real estate courses in New York using criteria that matter most to you: flexibility to fi

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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

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.

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Pickleball and neutral walls: The top 5 home design trends for 2024

Inman

From warm neutrals and wood slat walls to personal pickleball courts and a renewed interest in furniture with curves, designers revealed their favorite home design trends for the new year.

Design 184
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Twixmas is the perfect time to claim email amnesty

Housing Wire

Happy Twixmas, kids! First of all, let’s unpack this precious time between Christmas and New Year’s when real estate pros are left wondering, what the heck do I do with myself and all of this unclaimed time?! Yes, you can (and definitely should) follow the lead of your friends who are on salary by kicking back a little, relaxing, regrouping and spending a little extra time with your littles and loved ones, but you also have to admit, those of us who live from commission check to comm

Brokerage 431
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A Maryland homeowner just filed yet another commission lawsuit

Inman

The case is the latest of numerous antitrust lawsuits that have emerged in the wake of the October verdict in Sitzer | Burnett. It names NAR, Compass, Redfin and others as defendants.

As-is 180
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The pandemic-induced migration boom is waning: Redfin

Housing Wire

As companies gradually enforce back-to-the-office policies, the share of homebuyers trying to relocate to a different metro area decreased in November for the third month in a row. The share dropped to 23.9%, the lowest level seen in a year-and-a-half, according to Redfi n. Compared to November 2022, the share of homebuyers trying to relocate fell 20 basis points from 24.1%.

Land 430
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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

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.

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Rocket’s new CEO Varun Krishna takes seat on board of directors

Inman

The mortgage lending giant's board of directors has been expanded from seven members to eight to accommodate the move. Krishna's term will expire at the company's 2026 annual meeting.

Lending 178
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Rocket’s Varun Krishna appointed to newly created board position

Housing Wire

Rocket Companies expanded its board of directors from seven to eight, giving its chief executive officer Varun Krishna a newly-created seat. Krishna was voted to serve as a Class III director, effective December 21, 2023, according to an 8-K filing with the Securities and Exchange Commission (SEC) on Thursday. Krishna will serve “for a term expiring at the company’s 2026 annual meeting of stockholders and until his successor is elected and qualified, subject to his earlier death, resignat

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These green building materials will create a more sustainable future

Inman

Forget concrete and steel. According to CEO and investment expert Avi Philipson, the future of building is greener and more sustainable and fueled by surprisingly traditional materials.

Design 170
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Zillow files antitrust suit against real estate listing services

Seattle Times Real Estate

The case is the latest challenge to established real estate players, after a federal jury decision dealt a blow to long-standing industry commission practices.

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The Broker Action Plan for the Post-NAR Lawsuit Landscape

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.

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How well do you remember 2023’s biggest real estate stories?

Inman

Scandals, lawsuits, technology and more dominated the headlines in what turned out to be one of real estate's most eventful years in recent memory.

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Freddie Mac House Price Index Increased in November; Up 6.3% Year-over-year

Calculated Risk Real Estate

Note: The Freddie Mac index is a repeat sales index using only loans purchased by Fannie and Freddie and includes appraisals. See FAQs here. Freddie has data for all states and many cities. For house prices, I’m currently following Case-Shiller, FHFA, CoreLogic, (ICE) Black Knight, the NAR median prices, and this Freddie Mac index. Freddie Mac reported that its “National” Home Price Index (FMHPI) increased 0.6% month-over-month on a seasonally adjusted (SA) basis in November.

Loans 123
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9 aha moments that significantly improved my life in 2023

Inman

Instead of just looking ahead to 2024, writes author and trainer Bernice Ross, it's a good idea to look back at some of the lessons you've learned and the challenges you've faced and apply those lessons to your upcoming plans.

Agents 158
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Will Your 2024 Credit Score Get You The Home Loan You Need?

HomeLight

For most people, mortgages go hand-in-hand with buying a home. A National Associations of Realtors report from November 2023 noted that 80% of homebuyers financed their purchases, slightly higher than the 78% recorded last year but notably lower than the 87% reported two years ago. What is the best credit score to buy a house? To take it one logical step further, credit scores go hand-in-hand with mortgages, so if you’re considering buying a home, you’ll also need to consider your credit score.

Loans 119
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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

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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More agents than ever earn business from networking and SOI

Inman

From cold calling and radio shows to painting classes, agent efforts to grow sphere of influence aren't one-size-fits-all.

Agents 181
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Is Your Home Getting the Royal Treatment on Real Estate Social Media?

HomeLight

The pace of marketing homes online has vastly accelerated over the past few years, so much so that 74% of real estate agents are active on different real estate social media channels and websites. Josh Anderson , a top-selling Nashville real estate agent with 17 years of experience, who sells homes 52% faster than the average agent in his area, recommends a multi-tiered approach for agents on social media, using not just one platform but several.

Branding 116
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Planning, popping bottles and toasting your 2024 achievements

Inman

As we launch ourselves into 2024, find out how eXp’s Troy Palmquist is creating inspiration, motivation and celebration to keep moving toward his goals.

As-is 155
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What Is a Non-Contingent Offer When Buying a Home?

HomeLight

As a homebuyer entering a competitive real estate market, it’s likely you’ll encounter the term “non-contingent offer.” But what exactly does this mean if you’re buying a home? A non-contingent offer is often seen as a bold move in residential real estate transactions, signifying an offer to buy a property without certain conditions or “ contingencies ” that must be met first.

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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

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.

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The listings Inman writers couldn’t stop thinking about this year

Inman

From a French chateau to a two-flat in Chicago, here are some listings that caught the eye of Inman's writers this year.

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What is A Condominium Association: Rules, Fees, Pros and Cons Explained

Maximum Exposure Real Estate

Do you know what a condominium association is and how they work? As a Realtor who has been in the business for the past thirty-eight years, one of the questions I often get from buyers is what a condominium association is. What purpose does a condominium association serve? When you begin looking to buy a […] The post What is A Condominium Association: Rules, Fees, Pros and Cons Explained appeared first on Maximum Real Estate Exposure.

As-is 112
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Reorzo’s location marketing solution needs to find itself first: Tech Review

Inman

Reorzo is a web app that integrates with Wordpress to give agents a way to deliver an AI chatbot and location-specific marketing reports and web pages, among other lead engagement tactics.

Marketing 123
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How to Sell My House Fast in Vermont: Cash Offer Options

HomeLight

Selling your house in Vermont is a big decision, especially when looking to do it quickly. Whether you’re relocating for a new job, struggling with finances, or dealing with personal issues like a divorce, the need for a fast sale can add pressure to an already stressful situation. In a unique market like Vermont, it’s important to know all of your options.

Finance 111
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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

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.