Housing Wire
JANUARY 12, 2024
Despite the still-challenging rate environment, some homeowners might opt to bite the bullet and give up their low rate to move, according to a Redfin study. Nationwide, the share of homeowners with relatively low rates has fallen modestly from a record high of 92.8% in mid-2022. In the third quarter of 2023, 88.5% of U.S. homeowners with mortgages had an interest rate below 6%.
Keeping Current Matters
JANUARY 12, 2024
If you’re worried about what’s next for home prices, know the HPES shows experts are projecting they’ll continue to rise at least through 2028.
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Housing Wire
JANUARY 12, 2024
The U.S. Supreme Co urt last week scheduled oral arguments for seven pending cases to take place in February, including one that will decide whether “the National Bank Act preempts the application of state escrow-interest laws to national banks,” according to a publication of the argument schedule and reporting at SCOTUSblog. The court will decide whether or not national banks will be required to follow state-level laws governing escrow accounts’ accumulation of interest.
Real Estate News
JANUARY 12, 2024
VC pro Bill Gurley returns to Zillow board; Rehn Chavez named COO at VESTAPLUS; Dan Troup joins BPP as CEO; Janet Kane named Interim CEO at Cape Fear Realtors.
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
JANUARY 12, 2024
What’s the secret to nurturing leads and turning them into loyal clients? It’s a high-functioning customer relationship management (CRM) tool with robust features, integrations and automation. As your real estate business expands, nurturing your growing client base inevitably leads to a need for improved communication. The best real estate CRM solution is the one that will manage your client interactions, increase the number of touchpoints with each client, and convert leads seamlessly into buye
Real Estate News
JANUARY 12, 2024
After hitting a peak in 2021, tech mergers and acquisitions have entered a new phase of consolidation to meet demand for more comprehensive platforms.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Inman
JANUARY 12, 2024
A Chicago homeowner is the latest to allege NAR policies amounted to a conspiracy to keep commissions high for buyers; @properties vows to "vigorously defend" against the new lawsuit.
Housing Wire
JANUARY 12, 2024
Agents and brokers in Colorado will soon be able to view listings and share their own listings, with real estate professionals in four other metro areas. REcolorado , the state’s largest multiple listing service , announced new data sharing partnerships with four other MLSs on Thursday. The Colorado MLS now has partnered with First Multiple Listing Service (FMLS), MLS Listings , Miami Association of Realtors and Heartland MLS , bringing the free flow of listings between REcolorado subscribers an
Inman
JANUARY 12, 2024
Lawmakers are demanding a federal investigation in the wake of a CNN analysis that concluded the nation's largest credit union denied more than 50 percent of Black mortgage applicants in 2022.
Housing Wire
JANUARY 12, 2024
Mortgage businesses at Wells Fargo , JPMorgan Chase and Bank of America are now only a fraction of what they were in 2022. As a group, the trio originated about $80 billion in mortgages in 2023, down from nearly $218 billion the prior year – a $138 billion decline (63%). The downsized volume reflects two equally important factors: a housing market characterized by limited inventory, high mortgage rates and reduced demand, but also the banks taking themselves off the board for some resident
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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
JANUARY 12, 2024
America's population is continuing to change, writes Tina Lapp. Generate the highest level of success for diverse communities, whether they are new agents entering the field or clients looking to buy a home.
Housing Wire
JANUARY 12, 2024
A proprietary reverse mortgage from Finance of America Companies (FOA) now secures the home of Rhode Island ’s honorary historian laureate after the property was returned to the owner after attempts to bequeath it to a nonprofit historical society he founded. This is according to reporting from The Providence Journal. The original reporting described the amount of the loan as nearly one-fifth higher than the current $4 million limit for “HomeSafe,” the private-label product offered by FOA’s reve
Inman
JANUARY 12, 2024
Newly installed NAR President Kevin Sears will remain in position for nearly two years after replacing Tracy Kasper on Monday. In a video to members he focused on legal challenges and core business.
Housing Wire
JANUARY 12, 2024
With much of the U.S. retirement conversation often focused on the increasing challenges of maintaining a quality of living into older age, a law passed by Congress in 2022 could be a positive sign. The Securing a Strong Retirement Act of 2022, known by its moniker “SECURE 2.0,” includes provisions including automatic enrollment of more workers into retirement savings plans, matching certain student loan payments in a 401(k) plan and tweaks to required minimum distributions (RMDs) in existing re
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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
JANUARY 12, 2024
Sustainability, global policy and technology are some of the biggest luxury topics going into 2024, according to the report released on Wednesday. CMO Bradley Nelson also said luxury agents should keep growing their networks to succeed in the new year.
Housing Wire
JANUARY 12, 2024
The value of all residential real estate worldwide is approximately $200 trillion. Of this, the U.S. accounts for approximately 23%. Every year, transaction volume in the U.S. exceeds $1.5 trillion. The numbers are staggering so it is no surprise that residential proptech is a heady market, capturing the imagination of entrepreneurs and institutions alike.
Inman
JANUARY 12, 2024
After a reported blackmail threat, NAR President Tracy Kasper resigned this week. What's next for the embattled trade organization?
Bigger Pockets
JANUARY 12, 2024
In November, the 5% down Fannie Mae loan for multifamily properties was released to thunderous applause. We analyze a deal under the new program to see just how beneficial it is for investors.
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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
JANUARY 12, 2024
MoxiBalance’s roots are in parent company MoxiWorks' 2021 acquisition of Reeazily, the unnecessarily difficult-to-pronounce software company that specialized in transaction management and real estate business oversight.
Eye on Housing
JANUARY 12, 2024
According to the latest Producer Price Index report, growth in the average price level of inputs to residential construction less energy (i.e., building materials) fell from 15.0% in 2022 to 1.3% in 2023 (not seasonally adjusted). On a monthly basis, building materials prices rose 0.1% in December after increasing 0.1% in November (revised). Monthly price increases averaged 0.2% in 2023, down.
Inman
JANUARY 12, 2024
RateReduce Sell allows sellers to pay points to lock in a discounted mortgage rate that their agent can cite in co-branded marketing materials.
Calculated Risk Real Estate
JANUARY 12, 2024
NOTE: The tables for active listings, new listings and closed sales all include a comparison to December 2019 for each local market (some 2019 data is not available). This is the second look at several early reporting local markets in December. I’m tracking about 40 local housing markets in the US. Some of the 40 markets are states, and some are metropolitan areas.
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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
JANUARY 12, 2024
Stop trying to reinvent the wheel in your business. According to Jimmy Burgess, there are five people who already offer a roadmap to your professional destination.
RIS Media
JANUARY 12, 2024
Two class-action lawsuits filed within the last month echo the Sitzer V. Burnett case decided in Kansas City in 2023, wherein a jury ruled on behalf of plaintiffs that the National Association of REALTORS®’ (NAR) buyer-broker commission rule constitutes a conspiracy to inflate commissions. Both Friedman v. Real Estate Board of New York and Masiello… The post New Commissions Lawsuits Take Aim at State Associations appeared first on RISMedia.
Inman
JANUARY 12, 2024
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.
HomeLight
JANUARY 12, 2024
If you’ve been shopping for a home, you’ve likely come across the term “loan contingency,” and you may be considering including this clause in your purchase offer. Or perhaps you’ve already made a loan-contingent offer, and you’re wondering about contingency removal. But what does removing this contingency mean for you? It’s a step that could make your offer more attractive to sellers, but it’s not without ramifications and risks, and in some states, there are laws that dictate
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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.
Inman
JANUARY 12, 2024
We may see a reprieve in the number of new rental units coming online in 2024, with CoStar projecting a 25 percent pullback.
Brownstoner
JANUARY 12, 2024
By Ben Brachfeld The proposed Interborough Express light rail, which would connect Bay Ridge and Jackson Heights without entering Manhattan, is inching forward, Governor Kathy Hochul announced on Tuesday. The governor’s 2024 State of the State policy book, which accompanied her big speech to a joint legislative session in Albany on January… Read More > The post MTA to Start Work This Year on Interborough Express Train Connecting Brooklyn and Queens appeared first on Brownstoner.
Inman
JANUARY 12, 2024
TheONE94Group has joined Coldwell Banker Realty's Ridgewood, New Jersey, office. The 20-person team has a lifetime sales volume of more than $80 million.
HomeLight
JANUARY 12, 2024
Are you curious about selling a house “as is” in Tennessee? Whether you’ve got a fixer-upper or recently inherited a relative’s home, sometimes the goal is to skip repairs, get a fair offer, and move on. “The number one reason most people try to sell their home “as is” a lack of funds to do repairs. A lot of people don’t have the money — they’ve got equity in their home, but they have no way of accessing it,” says Eddie Crosslin , an agent with Crye-Leike Real Estate Services.
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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