Mon.Dec 23, 2024

article thumbnail

The homebuilders’ 2025 supply and demand problem

Housing Wire

New home sales grew over last month in the latest Census report , but homebuilders are now facing a supply issue their inventory is building up. This is the reason why housing starts are at recession levels today. Monthly new home sales have been stagnant for the past two years. When mortgage rates decline, sales improve, but it becomes more challenging for builders and buyers when rates rise.

article thumbnail

Phoenix Realtors fires back at NAR over MLS Choice program

Real Estate News

The National Association of Realtors says MLS Choice allows non-Realtors to join the Phoenix association. PAR says NAR threats will chill innovation.

MLS 278
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

CFPB sues Rocket, The Jason Mitchell Group over RESPA violations

Housing Wire

The Consumer Financial Protection Bureau (CFPB) filed a lawsuit Monday accusing Rocket Homes of orchestrating a kickback scheme to funnel business to its sister companies, Rocket Mortgage and Amrock. The Jason Mitchell Group is also implicated in the alleged violations of the Real Estate Settlement Procedures Act (RESPA). According to the CFPB, between 2019 and 2024, real-estate brokerage firm Rocket Homes purportedly incentivized real estate brokers and agents with referrals and priority for fu

Brokerage 400
article thumbnail

How to help buyers understand appraisals and inspections

Real Estate News

These evaluations have the potential to make or break a transaction, and many buyers will have questions about whats involved and whats at stake.

article thumbnail

The 2025 Real Estate Roadmap to Success

Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

article thumbnail

Mortgage groups gear up to get trigger leads bill passed in 2025

Housing Wire

The trigger leads bill has become a 2025 priority for the mortgage industry after failing to pass the House of Representatives last week, despite Senate approval. Mortgage trade groups, however, remain optimistic about the bill’s prospects in the 119th Congress. It would still have to get through the House [this year], which is technically possible but very unlikely, said Brendan McKay, owner of Mckay Mortgage and chief advocacy officer at the Broker Action Coalition (BAC).

Mortgages 334
article thumbnail

How Home Equity May Help You Buy Your Next Home in Cash

Keeping Current Matters

Building equity in your house is one of the biggest financial advantages of homeownership.

Equity 174

More Trending

article thumbnail

Trends 2025: Franchise giants, rising brokerage brands to watch

Real Estate News

Well-known franchise brands have proven their staying power, but more brokerage brands are scaling up nationally, capturing agent and consumer attention.

Branding 141
article thumbnail

RE/MAX wants to be the place that new agents thrive

Housing Wire

RE/MAX frequently touts the experience and productivity of its agents, 135 of which made the 2024 RealTrends Verified + Tom Ferry The Thousand more than any other brokerage. In 2025, however, the real estate franchisor is looking to welcome in and foster the next generation of top agents. According to the National Association of Realtors (NAR) 2024 NAR Member Profile , the median age of a real estate agent is 55, which for RE/MAX President Amy Lessinger is a clear sign that it is time for new t

Agents 294
article thumbnail

Douglas Elliman of California and former escrow head settle lawsuits

Inman

The lawsuits alleging kickbacks by high profile brokers, which were launched in October, are now resolved. Founder and former CEO of Portfolio Escrow Bill Grasska said he is "committed to ensuring my name remains synonymous with integrity and excellence.

Brokerage 133
article thumbnail

What it’s like connecting reverse mortgage professionals with forward lending partners

Housing Wire

Over the past year, members of the reverse mortgage industry have been making a more concerted effort to connect with their counterparts in the forward mortgage space. The efforts have not gone unnoticed as more forward mortgage companies particularly in an elevated rate environment have started to see value in the possible addition of reverse mortgages to their product suites.

Lending 225
article thumbnail

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.

article thumbnail

The rich get richer? How NAR’s deal is widening the commission gap

Inman

For most, the rise of negotiated compensation for buyer's agents hasn't dramatically pushed down commissions yet. But new rules may be benefiting top performers, new Intel polling shows.

Agents 118
article thumbnail

Consumer Confidence Drops in December After Previous Monthly Increases

RIS Media

2024 is closing out with a dip in consumer confidence, according to the latest monthly report from the Conference Board. In particular, the reports Expectations Index (tracking consumers short-term outlook on income, business and the labor market) dropped by 12.6 points, signaling increased economic pessimism. Moreover, purchasing plans for homes were down slightly in December,… The post Consumer Confidence Drops in December After Previous Monthly Increases appeared first on RISMedia.

Closing 90
article thumbnail

5 mindset shifts the pros will be making in 2025

Inman

Every top producer is just a new agent who refuses to give up, broker Joseph Santini writes. Learn from the attitudes and habits of top producers to get 2025 off on the right foot.

Agents 92
article thumbnail

OneKey® MLS Reports Strong Housing Market for High-Value Transactions in New York

RIS Media

OneKey MLS, serving the markets of New Yorks Hudson River Valley to the Catskill Mountains, has announced new data for November 2024 reflecting continued strength in the housing market with higher-value transactions. In November, the regional single-family closed median sale price reached $700,000, a 7.7% increase from $650,000 in 2023, a press release noted.

MLS 91
article thumbnail

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.

article thumbnail

California Housing Market Predictions for Next 2 Years: 2025-2026

Marco Santarelli

Is the California dream still affordable? That's the question on everyone's mind, especially if you're thinking about buying or selling a home here. Looking ahead, the California housing market forecast for the next two years suggests a mixed bag, with some areas seeing price increases, while others might experience a slight dip. The data points toward a cooling trend rather than a full-blown crash, with most of the state experiencing moderate growth.

article thumbnail

CFPB Sues Rocket Homes, Jason Mitchell Group Over Alleged Kickback Referral Scheme

RIS Media

Federal regulators filed a lawsuit Monday against Rocket Homes Real Estate and The Jason Mitchell Group (JMG), alleging an illegal referral scheme that steered homebuyers toward specific mortgage and settlement services, according to a complaint filed by the Consumer Financial Protection Bureau (CFPB). Rocket Homes allegedly provided real estate brokerages with referrals and preferential treatment… The post CFPB Sues Rocket Homes, Jason Mitchell Group Over Alleged Kickback Referral Scheme

article thumbnail

Big Brooklyn Heights Beaux-Arts Flat With Bays, Mantel, Built-in Asks $2.45 Million

Brownstoner

In an early 20th century flats building, an extra-large Brooklyn Heights unit has some details of the period along with a renovated kitchen and in-unit laundry. The price tag isn't exactly modest, but the floor-through does appear move-in ready and the brick and limestone walk-up building is on Garden Place,… Read More > The post Big Brooklyn Heights Beaux-Arts Flat With Bays, Mantel, Built-in Asks $2.45 Million appeared first on Brownstoner.

article thumbnail

Howard Hanna’s 2024 Recruits Achieve $500 Million in Sales

RIS Media

Howard Hanna Real Estate Services (HHRES) has announced that agents who joined the company in 2024 have collectively closed more than $500 million in sales this year. The company says the achievement underscores the power of Howard Hannas innovative, tech-forward tools combined with a family-owned and personal approach to real estate. Howard Hanna has always… The post Howard Hannas 2024 Recruits Achieve $500 Million in Sales appeared first on RISMedia.

Sales 66
article thumbnail

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.

article thumbnail

Greenpoint Housing Lottery Opens With $1,869 Studios on NuHart Plastics Site

Brownstoner

An affordable housing lottery has launched for 59 apartments in the first of what will be a two-building complex in Greenpoint dubbed Greenpoint Central. Across the street from the waterfront, the development replaces NuHart Plastics, a recently demolished one-story factory well known locally for its curving Art Moderne glass-block exterior… Read More > The post Greenpoint Housing Lottery Opens With $1,869 Studios on NuHart Plastics Site appeared first on Brownstoner.

article thumbnail

Buyer Agent Playbook: 8 Essential Roles You Must Master to Succeed

RIS Media

These are super-exciting times for Suzy Minken, a REALTOR with Compass based in Short Hills, New Jersey. Not only is she psyched about residential real estate prospects going forward post-Burnett, but her company recently stunned the industry with its purchase of @properties Christies International Real Estate. The acquisition sets the stage for global real estate… The post Buyer Agent Playbook: 8 Essential Roles You Must Master to Succeed appeared first on RISMedia.

Agents 66
article thumbnail

Covering Her Mortgage in ONE Day with THIS (Up to $16K/Month!)

Bigger Pockets

Covering your entire mortgage payment in ONE day?! Todays guest is proof that you dont need a full-blown real estate portfolio to start making money.

article thumbnail

ATTOM Finds Home Affordability Worsened Yet Again in Q4 2024

RIS Media

The latest quarterly U.S. Home Affordability Report from ATTOM Data found that affordability continued to worsen across the U.S. in Q4 2024median-sized homes are now less affordable than the historical average in 98% of the reports surveyed counties. The report cross-referenced median home price data from ATTOM itself with wage data from the U.S. Bureau… The post ATTOM Finds Home Affordability Worsened Yet Again in Q4 2024 appeared first on RISMedia.

article thumbnail

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.

article thumbnail

Want to Buy Real Estate in 2025? Listen to This FIRST (Best Advice of 2024)

Bigger Pockets

Want to invest in real estate in 2025? Then this is the show to listen to. Weve had some phenomenal guests on the show this past year.

59
article thumbnail

Realty ONE Group Landmark Acquires Realty ONE Group Horizon

RIS Media

Realty ONE Group Landmark has announced the acquisition of Realty ONE Group Horizon, uniting two brokerages under the Realty ONE Group umbrella. This positions the combined company as one of the largest real estate networks with over 200 agents in Western and Central Pennsylvania. This isnt just an acquisitionits a movement, said Tyler Thompson, broker… The post Realty ONE Group Landmark Acquires Realty ONE Group Horizon appeared first on RISMedia.

article thumbnail

Redfin’s 2025 Housing Market Predictions (Home Prices, Mortgage Rates, & More)

Bigger Pockets

Redfin just released their highly-anticipated 2025 housing market forecast, and today, were reacting to each of their ten crucial housing market predictions.

article thumbnail

How to Sell My House Fast in Cedar Rapids: Cash Offer Options

HomeLight

Life doesnt always follow the script youve written. Whether its a sudden career change, financial difficulties, or another major life event, you may find yourself asking, How can I sell my house fast in Cedar Rapids, Iowa? When time is tight, selling your home can feel like a never-ending to-do list. The good news is that selling a home quickly is possible with the right strategies.

article thumbnail

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.

article thumbnail

Rewriting the Rules for Women in Leadership

RIS Media

Reshaping the real estate landscape for women everywhere, Michele Harringtonthe first female CEO of FirstTeam Real Estatehas assembled a leadership team with a shared passion for reimagining success. With Anna Bennett driving business development, Lauren Henss shaping marketing and strategic initiatives and Hila Pooli offering unparalleled legal insight, these trailblazers share how theyre setting a… The post Rewriting the Rules for Women in Leadership appeared first on RISMedia.

article thumbnail

How to Sell My House Fast in Little Rock: Cash Offer Options

HomeLight

No matter how carefully you plan, life can still throw surprises your way. If youre facing a sudden job transfer, financial strain, or another time-sensitive life change, you may be searching for How can I sell my house fast in Little Rock, Arkansas? While selling a home quickly can seem overwhelming, there are strategies to help you navigate the specific challenges of the Little Rock market.

article thumbnail

New Home Sales Increase to 664,000 Annual Rate in November

Calculated Risk Real Estate

The Census Bureau reports New Home Sales in November were at a seasonally adjusted annual rate (SAAR) of 664 thousand. The previous three months were revised up, combined. Sales of new single-family houses in November 2024 were at a seasonally adjusted annual rate of 664,000 , according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

Sales 52
article thumbnail

Innovative Landscaping Ideas To Transform Your Yard Without a Traditional Lawn

RISMedia

By Meghan Belnap As homeowners seek innovative ways to enhance their outdoor spaces, the traditional lawn is increasingly being reimagined. In this article, we explore creative and environmentally friendly landscaping ideas that can transform your yard without relying on a conventional lawn. By embracing alternative approaches, you can create a unique and inviting outdoor oasis […] The post Innovative Landscaping Ideas To Transform Your Yard Without a Traditional Lawn appeared first on RIS

As-is 53
article thumbnail

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.