Housing Wire
DECEMBER 8, 2023
After today’s jobs report , which showed unemployment at 3.7%, it’s now clear that the Federal Reserve does not need to create a job-loss recession to bring down the growth rate of inflation. The Fed has much to answer for after their massive rate hikes and quantitative tightening policy. These were created to bring down inflation by impacting the labor market but they disproportionally affected housing in a negative way.
Keeping Current Matters
DECEMBER 8, 2023
Here are the key milestones you’ll encounter on your path to homeownership.
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Housing Wire
DECEMBER 8, 2023
An amended complaint in the Phillips copycat commission lawsuit filed on Wednesday in northern Georgia names a slew of additional defendants, as well as three new plaintiffs. Originally filed in late November, the Phillips lawsuit accuses real estate industry players of colluding to artificially inflate real estate agent commissions. Central to the complaint is NAR’s Participation Rule, which requires listing brokers to make a blanket offer of compensation to buyer brokers in order to list a pro
Real Estate News
DECEMBER 8, 2023
Coaching expert Tom Ferry talks about what to expect from a coaching session and why more agents should embrace video.
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.
Housing Wire
DECEMBER 8, 2023
High mortgage rates, a lack of inventory and elevated home prices have turned 2023 into the least affordable year for homebuyers on record. Luckily, economists are projecting some improvements for next year, according to a Redfin analysis released on Thursday. For an American earning $78,642, the country’s median income in 2023, the purchase of a median-priced home of $408,806 meant spending 41.4% of their annual income on monthly housing costs, up from 38.7% in 2022.
Real Estate News
DECEMBER 8, 2023
The bill, which would give large-scale corporate investors 10 years to unload the homes they own or face massive penalties, faces long odds.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Inman
DECEMBER 8, 2023
Coldwell Banker Global Luxury transformed a recent home trends survey of 200 luxury agents into a shoppable "Best of the Best" guide of luxury home products. The result shows luxury homeowners crave serenity now more than ever.
Housing Wire
DECEMBER 8, 2023
The U.S. Department of Housing and Urban Development (HUD) believes housing has a role to play in combating the opioid overdose epidemic. On Friday, HUD issued a joint letter co-written with the U.S. Department of Health and Human Services (HHS) and the White House Office of National Drug Control Policy (ONDCP), urging public health departments and health care systems to “partner with housing providers, community development organizations, and other housing agencies to help expand access to nalo
Inman
DECEMBER 8, 2023
In partnership with Roomvo, the brokerage and search portal's new Redfin Redesign tool grants homebuyers the ability to alter room finishes while alerting agents to a buyer's growing interest.
Housing Wire
DECEMBER 8, 2023
Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Are you looking to get licensed as a real estate agent in Arizona? We’ve reviewed all the key information to determine the best Arizona real estate schools to help you get licensed quickly and efficiently with a state-approved, online program at an Arizona real estate school.
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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.
Inman
DECEMBER 8, 2023
With words of wisdom from Charlie Munger, Simon Sinek and even Friedrich Nietzsche, team leader Carl Medford looks at 12 reasons to quit a job and 12 ways to fight that impulse.
Housing Wire
DECEMBER 8, 2023
A former mortgage consultant who worked for Wells Fargo and ultimately brought a case against the company in a Southern California court over allegedly being fired for complaining about discriminatory lending practices has settled with the company, according to reporting from Los Angeles-based radio outlet KNX News. Attorneys for both parties jointly filed papers in the Los Angeles County Superior Court on Sept. 14, explaining a settlement agreement “in principle” was reached.
Inman
DECEMBER 8, 2023
Employers added 199,000 workers to their payrolls in November, a sign that the economy may achieve a soft landing but making Fed spring rate cuts less likely.
RIS Media
DECEMBER 8, 2023
Every real estate professional knows that 2023 has been a challenging year for the housing market, with consumers facing many hurdles to homeownership. As the year winds down, the National Association of REALTORS® (NAR) is looking back at where we’ve been over the last 12 months and where we’re likely to go in 2024 to… The post What’s in Store for 2024?
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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
DECEMBER 8, 2023
According to land investment specialist Curtis Williams, real estate professionals with their fingers on the pulse of the latest developments in this domain are poised to have a critical advantage over colleagues less expert in AI.
Bigger Pockets
DECEMBER 8, 2023
Taylor Swift's Eras Tour brought in millions of dollars for Airbnb hosts, according to a new report. Read more to see which markets did best and how you can cash in on the next big tour.
Inman
DECEMBER 8, 2023
In addition to launching in Australia and New Zealand, the virtual brokerage also expanded its luxury program into South Africa and the United Kingdom.
1000Watt
DECEMBER 8, 2023
We were outraged. And maybe, if we were honest, not exactly surprised. Newsday had laid it all bare out on Long Island — the steering, the winking and nodding, the nasty reheated racism of people with no business practicing real estate. The Newsday investigative report on discrimination by real estate agents hit in 2019. It prompted outcry, hearings in Albany, and not nearly enough agent license revocations.
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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
DECEMBER 8, 2023
According to DEI expert Nora Crosthwaite, we have more questions than answers when it comes to the future of homeownership options for underserved communities, and that's unfair to consumers.
Calculated Risk Real Estate
DECEMBER 8, 2023
In 2021, I pointed out that with the end of the foreclosure moratoriums, combined with the expiration of a large number of forbearance plans, we would see an increase in REOs in late 2022 and into 2023. And there was a slight increase. However, I also argued this would NOT lead to a surge in foreclosures and significantly impact house prices (as happened following the housing bubble) since lending has been solid and most homeowners have substantial equity in their homes.
Inman
DECEMBER 8, 2023
Consultant Diana Zaya writes that establishing a structured recruitment process, utilizing diverse sources for finding potential agents, and effectively communicating your brokerage's value proposition, you can attract agents who are ready for change and set them on a path to success.
HomeLight
DECEMBER 8, 2023
In today’s real estate market, with high mortgage interest rates and hesitant buyers, you might be pondering, “Is my mortgage assumable?” as a strategy to accelerate your home sale. Or, you might want to allow a family member to assume your mortgage so they can inherit a financial advantage through your low-interest-rate home loan.
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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
DECEMBER 8, 2023
The Nobel Prize-winning musician has sold his 16-bedroom Scottish Highlands retreat, Aultmore House, to whiskey manufacturer Angus Dundee Distillers.
Bigger Pockets
DECEMBER 8, 2023
In this article, expert contractor Bruce Woodruff delves into the crucial decision-making process in every construction project: Who should buy the materials?
Inman
DECEMBER 8, 2023
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.
RIS Media
DECEMBER 8, 2023
Above, from left, Michele Harrington, CEO, First Team Real Estate; Craig Cheatham, President & CEO, The Realty Alliance; Gretchen Pearson, President/Owner, Berkshire Hathaway HomeServices Drysdale Properties; and David Romero, EVP of Growth, Realty ONE Group. Exactly two weeks after the bombshell ruling in the Burnett vs. NAR trial was delivered, five industry leaders gathered at… The post Brokers Take a Confident but Realistic Approach to 2024 appeared first on RISMedia.
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Bigger Pockets
DECEMBER 8, 2023
Zillow's 2024 housing outlook is just one of many predictions to come out this month that suggests more homes will hit the market. But that also means they're calling for a slight decrease in prices. Read the details here.
HomeLight
DECEMBER 8, 2023
Dealing with the real estate market in Los Angeles can feel impossible, especially when selling your current home while purchasing a new one. It’s an incredibly common scenario, and you might think your only option is to sell your home, temporarily relocate, and then wade through L.A.’s cutthroat real estate market to find your dream home. However, there’s one solution you likely haven’t considered: a bridge loan.
Realtors Property Resource
DECEMBER 8, 2023
That’s a wrap! In an effort to help agents navigate a challenging market, RPR looks back at its most helpful and insightful articles from 2023. The post RPR’s “Best of” 2023 appeared first on Realtors Property Resource (RPR).
HomeLight
DECEMBER 8, 2023
If you’re juggling the sale of your current Ohio home with the purchase of a new one, it might feel like walking a financial tightrope. This balancing act becomes even more challenging in a market where inventory is low, and prices are high. You might think the only option is to sell your old home, move to a temporary location, and then embark on the hunt for your new home.
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.
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