Housing Wire
OCTOBER 30, 2024
Lower mortgage rates in September had a measurable impact on home sales. According to data released Wednesday by the National Association of Realtors (NAR), pending home sales in September jumped 7.4% compared to August and 2.6% year over year. NAR’s index reading of 75.8 is the highest number since March. An index reading of 100 equates to sales activity in 2001.
Inman
OCTOBER 30, 2024
A recent initiative by professional sports organizations is seeking to do what Realtors have been doing for more than a year: Pledging to do more to create inclusive communities.
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Housing Wire
OCTOBER 30, 2024
A California regulator has revoked the residential mortgage lending license of LoanSnap , the latest in a series of difficulties for the fintech lender. According to a filing from the California Department of Financial Protection and Innovation dated Oct. 18, LoanSnap had its license revoked after it failed to renew its surety bond. That policy, which is designed to protect consumers from lender fraud and financial risk, expired in early August.
Keeping Current Matters
OCTOBER 30, 2024
No one likes making mistakes, especially when they happen in what’s likely the biggest transaction of your life – buying a home.
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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.
Housing Wire
OCTOBER 30, 2024
A 60 basis point increase in mortgage rates in October has strangled mortgage demand, particularly for refinancings , according to the latest survey data from the Mortgage Bankers Association. Mortgage applications overall decreased 0.1% from one week earlier, per the MBA ‘s weekly applications survey for the week ending Oct. 25. The Market Composite Index, a measure of mortgage loan application volume, decreased 0.1% on a seasonally adjusted basis from one week earlier, but fell 1% on an
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
OCTOBER 30, 2024
Some of the most powerful women in real estate have taken the industry’s coaching space into their own hands. A group of current and former real estate executives have launched The Helm, a coaching platform designed to provide professional development to a more diverse audience. Co-founded by Danielle Wilkie and Heather Frick — formerly of Compass and Oracle, respectively — The Helm aims to help both seasoned veterans and entry-level professionals.
RIS Media
OCTOBER 30, 2024
Pending home sales have grown for the second consecutive month—leaping 7.4% and reaching the highest level seen since March—due to lower mortgage rates and rising inventory. The rise, however, may be short lived, according to some economists. NAR’s September Pending Home Sales Index jumped to 75.8, following August’s minor rise of 0.6% and nearing March’s… The post Pending Home Sales Jump in September, but Near Future Unsure appeared first on RISMedia.
Housing Wire
OCTOBER 30, 2024
CoStar has notched yet another procedural win in its legal battle with Move , the parent company of Realtor.com. In a ruling issued Tuesday, Judge George H. Wu of U.S. District Court in Los Angeles granted CoStar’s motion to dismiss two of Move’s claims in its first amended complaint. The claims alleged violations of the Computer Fraud and Abuse Act, as well as the Comprehensive Computer Data Access and Fraud Act, which were the plaintiffs’ two statutory federal and state trade secret claims.
Real Estate News
OCTOBER 30, 2024
With less than a month until the deals are finalized, objectors are making claims of insufficient damages, harm to minorities, lack of accountability and more.
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
OCTOBER 30, 2024
The nation’s two largest MLSs are teaming up yet again. On Wednesday, the California Regional MLS (CRMLS) and Mid-Atlantic-based Bright MLS announced that they will be offering subscribers reciprocal data access, or “guest access,” to reach other’s listings. CRMLS currently has more than 127,000 active listings and Bright MLS hosts more than 115,000 active listings.
RIS Media
OCTOBER 30, 2024
Yesterday, RISMedia unveiled its groundbreaking 2024 Contract & Commission Study, providing the first comprehensive analysis of how real estate commissions have changed in the wake of recent policy mandates—including who was most affected, how companies are adapting and which regions were seemingly best prepared for the new requirements. Maybe most importantly, though, the RISMedia Premier-exclusive… The post New RISMedia Study Finds Commissions Fell Sharply After August 17 appeared fi
Housing Wire
OCTOBER 30, 2024
AgentCoach.AI , an AI-powered real estate coaching company, is launching a new training platform for real estate agents. The Austin-based tech company will use advanced training bots on the platform, according to a recent announcement. The new platform will leverage specialized training bots to help agents prepare for business. Users can access AI bots designed to assist agents with general real estate knowledge, sales, marketing , negotiation and motivation.
RIS Media
OCTOBER 30, 2024
RE/MAX has been ranked #1 among real estate brands on the 2024 Franchise Times Top 400, an exclusive annual list of the largest U.S.-based franchise systems by global systemwide sales. Overall, RE/MAX holds the #14 spot. This achievement marks the 16th consecutive year RE/MAX has earned the #1 position for real estate franchises in the… The post RE/MAX Named No. 1 Real Estate Brand on Franchise Times Top 400 for 16th Consecutive Year appeared first on RISMedia.
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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.
Housing Wire
OCTOBER 30, 2024
New York-based asset manager Rithm Capital , the owner of multichannel lender Newrez , reported a 58% increase in refinances to $3 billion in the third quarter of 2024 after mortgage rates dropped due to the Federal Reserve ’s 50 basis-point rate cut. But executives expect things to calm down moving forward. “I think we’re going to get ourselves more to what I’ll say is the market on a normalized basis,” Newrez President Baron Silverstein told analysts in an earnings call on Tuesday
RIS Media
OCTOBER 30, 2024
Mortgage applications were essentially flat this week, decreasing only slightly, yet still reflecting buyer reservations, economists say, with rates hitting a four-month high and market volatility related to the election and the upcomingFed meeting. According to the latest Weekly Applications Survey from the Mortgage Bankers Association, purchase applications fell for the fifth-straight week, down 0.1%… The post Mortgage Applications Flat After Rates Hit 4-Month High appeared first on RIS
Housing Wire
OCTOBER 30, 2024
Compass ’s plan for future success? Become a hub for real estate listings. Brokerage founder and CEO Robert Reffkin laid his firm’s plans for the future bare during its third-quarter 2024 earnings call with investors and analysts on Wednesday. “Listing inventory remains the lifeblood of the residential real estate marketplace,” Reffkin said. “At Compass, we already have a depth of inventory in many of our local markets that is unmatched.
Real Estate News
OCTOBER 30, 2024
A federal judge granted CoStar’s request to dismiss two claims from the Realtor.com trade secrets case, but Move plans to proceed with an amended complaint.
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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.
RIS Media
OCTOBER 30, 2024
DENVER, Colo.—Doom-and-gloom headlines about the U.S. economy have been everywhere. But compared to the rest of the world, the U.S. is exceeding expectations as other global superpowers struggle to find their economic footing, renowned economist Mohamed El-Erian said Monday at the Mortgage Bankers Association Annual Conference & Expo in Denver. El-Erian, president of Queens’ College… The post U.S.
Real Estate News
OCTOBER 30, 2024
The goal of The Helm, founded and advised by notable real estate leaders, is to help more women become coaches without sacrificing business success.
Brownstoner
OCTOBER 30, 2024
An affordable housing lottery has opened for another new Gowanus building that benefited from the neighborhood’s rezoning. Still under construction, this one is a 13-story, 193-unit block-long development that runs between Union and Sackett streets along 4th Avenue. Included in the lottery for the 655 Union Street Apartments at 655 Union… Read More > The post Affordable Housing Lottery Opens in Gowanus With $888 One-Bedrooms appeared first on Brownstoner.
Real Estate News
OCTOBER 30, 2024
Revenue was also up, and CEO Robert Reffkin said top agents have been able to increase commissions “since they are now able to negotiate for themselves again.
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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.
RIS Media
OCTOBER 30, 2024
The Jason Mitchell Group (JMG), America’s #1 real estate referral brokerage, is opening the doors to team leaders and broker-owners who are ready to take their business to the next level. By partnering with JMG, brokerages gain access to a robust system designed to fuel growth through consistent high-quality referrals, exclusive partner relationships, and nationwide… The post Plugging Into JMG: Your Accelerator for Business Growth appeared first on RISMedia.
Brownstoner
OCTOBER 30, 2024
With a little TLC -- mainly a fresh coat of paint -- the charming layout and original details of this Windsor Terrace one-bedroom could really shine. It offers big rooms, including a foyer, plus original tile and arched openings. It is on the third floor of 140 East 2nd Street,… Read More > The post Windsor Terrace Co-op With Arches, Checked Tile, Wood Floors Asks $500K appeared first on Brownstoner.
RIS Media
OCTOBER 30, 2024
California Regional MLS (CRMLS) has announced the multiple listing service has teamed up with Bright MLS to offer their users reciprocal data access to each other’s listings. The reciprocal data access is available as of today through Matrix, and users do not require separate credentials, the organization noted As more Americans move across state lines,… The post Nation’s Largest MLS’s Team Up to Provide Reciprocal Listing Data appeared first on RISMedia.
Inman
OCTOBER 30, 2024
Tanya Monestier says the settlement "reinforces the existing system of seller-paid inflated compensation while pretending to eliminate it" as attorneys walk away with $333 million in cash.
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