Fri.May 31, 2024

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Watchdog report: Institutional investors ‘may have contributed to increasing home prices’

Housing Wire

A new report from the Government Accountability Office (GAO) concluded that while institutional investors may have contributed to rising home prices since 2009, the actual impact they have had on homeownership opportunities is more difficult to assess. Large institutional investors typically emerged following a raft of defaults and foreclosures stemming from the 2007-08 financial crisis , putting inventory on the market from 2007-09.

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More sellers are cutting prices as home sales slow

Real Estate News

The share of homes with price drops reached an 18-month high as sellers try to jumpstart buyer interest in stale listings, Redfin reported.

Sales 303
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The role AI has in the future of Housing

Housing Wire

Open the door to the most powerful room in housing. Join us at The Gathering 2025 in Denver, CO, June 8-11. Go here to lock in special pricing with your registration. Since announcing their new CEO last year, Rocket has revealed more of its strategy through first-ever leadership positions that all carry one big theme — technology is the path to growth.

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Homebuyer files appeal challenging Sitzer/Burnett settlements

Real Estate News

A plaintiff involved in the Batton cases filed a brief with the U.S. Court of Appeals on Friday related to the Anywhere, RE/MAX and KW settlements.

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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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Top Reasons To Own a Home [INFOGRAPHIC]

Keeping Current Matters

Buying a home has powerful financial and non-financial benefits.

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Rates ease as inflation gauge moves in the right direction

Inman

Mortgage rates have some room to come back down in June after PCE price index shows annual inflation easing to 2.65 percent in April, and Q1 2024 GDP growth revised downward to 1.3 percent.

Mortgages 179

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Want a life of luxury? The 10 cities where it’s a relative bargain

Inman

Some luxury markets, especially in dense, pricey coastal cities, have seen little price growth since the pandemic because residents fled those places once they had the option to work remotely.

Marketing 178
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June Cover Story: Partnering for Success

RIS Media

Above, Jason Mitchell Forget the traditional real estate agent model. The Jason Mitchell Group has built a different kind of brokerage with strategic referral partnerships at its center. In the process, JMG is scaling its growth, redefining the agent-client relationship and showing why its model is the real estate brokerage of the future. The real… The post June Cover Story: Partnering for Success appeared first on RISMedia.

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Daniel Daggers on ‘Buying London,’ commission view across the pond

Inman

The founder of London-based luxury firm DDRE Global and star of the new Netflix series "Buying London" recently spoke with Inman about the show's so-far icy reception and how he thinks the commission lawsuit settlements will change the industry.

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We Buy Houses Spring: Top 5 Companies

HomeLight

If you’re a homeowner in Spring, Texas, who needs to sell your home in a matter of days, you might want to consider working with a We Buy Houses company. These companies specialize in making fast, cash offers on homes in almost any condition. Whether you’re downsizing your property due to retirement, forced to relocate unexpectedly because of a new job, or stuck with a burdensome inheritance, these companies can be a great alternative to the traditional real estate market.

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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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MLSs opt out, work around, push back at new rules: The Download

Inman

MLSs rethink rules and develop new policies in the face of upcoming changes to their ability to post compensation information.

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Property Encroachment: What It Means to Home Sellers

HomeLight

If you’re a homeowner or planning to sell your home in the future, property encroachment is an issue you can’t afford to ignore. It can lead to disputes and complications down the line. Identifying and addressing encroachment early can save you from potential headaches, legal battles, and devaluation of your property. Get Assistance Selling a House With an Encroachment A property encroachment can complicate a home sale, but it doesn’t have to derail it entirely.

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Proposed law in Cleveland could take 44% of Airbnbs off the market

Inman

The law aims to ban all short-term rentals that have minimum stays of 30 nights and require owners to register their rentals with the city.

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We Buy Houses South Bend: Top 5 Companies

HomeLight

If you need to sell your South Bend home quickly, you might be considering working with a We Buy Houses company. These companies make all-cash offers for homes, even those that need some work. This can be useful if you lack the time, expertise, or funds for repairs. If you’re faced with a sudden change in circumstances, such as an inheritance or the need to relocate for a new job, the ability to sell your home in a matter of days could be a lifesaver.

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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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‘It’s Up to the Women’: The future of real estate is in your hands

Inman

With lessons gleaned from Eleanor Roosevelt's Depression-era book, Rachael Hite offers the pep talk you need to take your future, and the future of the real estate industry, into your own two hands.

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Escrow Costs Revealed: Sellers May Pay These Fees at Closing

HomeLight

During escrow, a neutral third party safely transfers funds and key paperwork related to the transaction between the buyer and the seller; this includes the buyer’s earnest money , real estate fees, loan fees, third-party payments, and your profits as the seller. In exchange for this service, the escrow company charges a fee. According to licensed escrow agent Martin Orefice from Rent to Own Labs, escrow fees typically cost between 1% to 2% of a home’s final sale price.

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Luxury’s back, baby: It’s Inman’s Top 5

Inman

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.

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We Buy Houses Santa Ana: Top 5 Companies

HomeLight

Selling your Santa Ana property can be difficult, especially if it needs repairs and time is a factor. We Buy Houses companies in Santa Ana offer an alternative to selling via the traditional real estate market. These companies cater to homeowners who lack the time, expertise, or money to prepare their homes for the market, letting property owners sell in a matter of days.

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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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Fannie and Freddie: Single Family Serious Delinquency Rate Decreased in April, Multi-family Increased Slightly

Calculated Risk Real Estate

Single-family serious delinquencies decreased in April, and multi-family serious delinquencies increased slightly. Freddie Mac reported that the Single-Family serious delinquency rate in April was 0.51%, down from 0.52% March. Freddie's rate is down year-over-year from 0.61% in April 2023. This is below the pre-pandemic lows. Freddie's serious delinquency rate peaked in February 2010 at 4.20% following the housing bubble and peaked at 3.17% in August 2020 during the pandemic.

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We Buy Houses South Fayette: Top 5 Companies

HomeLight

If you’re looking to sell your home quickly in South Fayette, We Buy Houses companies can be a great alternative to the traditional real estate market. These companies make all-cash offers for homes, purchasing properties regardless of condition, often in a matter of days. This can be especially useful if you lack the time, expertise, or funds to make necessary repairs.

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Zombie Foreclosures Shrink This Year, Posing Little Threat to Most American Neighborhoods

RIS Media

ATTOM’s latest second quarter 2024 Vacant Property and Zombie Foreclosure Report showed that there are nearly 1.3 million vacant residential properties in the U.S—the same as the first quarter of 2024. The report also indicated that 237,208 residential properties nationwide are in the process of foreclosure in this year’s second quarter, down 2.3% from Q1,… The post Zombie Foreclosures Shrink This Year, Posing Little Threat to Most American Neighborhoods appeared first on RISMedia.

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We Buy Houses Syracuse: Top 4 Companies

HomeLight

Do you need to sell your Syracuse home but can’t wait for the months it would take to sell on the real estate market? You might want to consider selling your property for cash to a We Buy Houses company. These companies will make all-cash offers on your home, regardless of conditions, and can often complete the transaction in just a few days. A cash sale can be an attractive option for homeowners who need to sell fast.

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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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Inflation Numbers Show Little Progress; Interest Rate Cuts May Have to Wait

RIS Media

The personal consumption expenditures (PCE) price index increased 0.3% in April, the Commerce Department reported on May 31, matching a similar gain in March. It’s not a wholly positive sign for those hoping that the U.S. central bank will cut interest rates soon, as it suggests the elevated pace of price increases could last longer… The post Inflation Numbers Show Little Progress; Interest Rate Cuts May Have to Wait appeared first on RISMedia.

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We Buy Houses Sterling Heights: Top 5 Companies

HomeLight

Do you own a home in Sterling Heights? Have you seen signs for “We Buy Houses” companies in your neighborhood? Do you need to sell your home fast? We Buy Houses companies will purchase your home for cash, usually in a matter of days, regardless of its condition. A cash sale can be a lifesaver if you need to sell quickly. Are you struggling with the threat of foreclosure, or do you need to relocate for a new job?

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My Flip MUST Check These 5 Boxes—or I’m Walking Away From the Deal

Bigger Pockets

Flipping is all about time and money. If something about the deal doesn't make financial sense or will take too long, I'm not buying.

Marketing 119
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We Buy Houses Allentown: Top 5 Companies

HomeLight

Selling your house in Allentown can be tough, especially if it needs repairs. We Buy Houses companies in Allentown offer a simple solution: all-cash offers for homes in any condition. This lets you quickly get cash without spending time or money on renovations, ideal for urgent or unexpected situations. A cash sale is great if you don’t have the time, skills, or money for repairs.

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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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A Bay Ridge Row House and More to See, Starting at $1.575 Million

Brownstoner

Our picks for open houses to check out this weekend are found in Bed Stuy, Carroll Gardens, and Bay Ridge. They range in price from $1.575 million to $2.495 million. 115 Bainbridge Street Price: $2.495 million Area: Bed Stuy Broker: Compass (Michaela Morton, The Jane Advisory) Sunday June 2, 12-3 p.m. See it here -> 15 Dennett… Read More > The post A Bay Ridge Row House and More to See, Starting at $1.575 Million appeared first on Brownstoner.

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How Do I List My Home on Zillow When Selling FSBO?

HomeLight

If you’re considering selling your home without a real estate agent, one of your first questions might be, how will buyers find my listing? Many real estate websites don’t allow homeowners to post their own “For Sale By Owner” (FSBO) listings. Fortunately, the largest U.S. home search site does — Zillow. In this post, we answer the question: How Do I List My Home on Zillow When Selling FSBO?

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Study: Only 4 States Are Affordable for Typical U.S. Household

RIS Media

It’s no question that affordability is stratified, and as such, housing markets tend to differentiate from state to state. According to a recent analysis by Clever Real Estate, the median household can only afford the typical home in four states: West Virginia, Ohio, Iowa and Indiana. The latest homeowner affordability data is based on the… The post Study: Only 4 States Are Affordable for Typical U.S.

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What Is the Average Real Estate Appreciation Rate?

HomeLight

It’s been a while since you purchased your home. You’ve seen similar houses in your neighborhood sell for a lot more than you paid. Perhaps you’re considering a move, or maybe you’re just wondering: what is the average real estate appreciation rate? In this post, we’ll break down the basics of home appreciation, the factors that influence it, and how you can calculate it.

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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.