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.
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.
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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.
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.
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
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
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.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
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.
Housing Wire
OCTOBER 30, 2024
A new episode of “The Loan Officer Podcast” aims to teach mortgage originators how to leverage tools and grow their businesses. Host Dustin Owen and Lauren Walton, a senior loan officer at Lower -backed Gerber Group, sit down to teach viewers how to move from the call-center model to retail lending as a top-ranked and self-sourced originator. This interview has been lightly edited for length and clarity.
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.
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.
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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
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.
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
Inman
OCTOBER 30, 2024
The Orlando Regional Realtor Association alleges the lockbox company used its confidential member list to entice members to join rival trade groups, but the company denies the allegations.
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.
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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
OCTOBER 30, 2024
Relief would be good news for would-be homebuyers, although purchase loan applications are still up 10 percent from a year ago as mortgage rates hit highest levels since July.
Housing Wire
OCTOBER 30, 2024
When asked whether loan buybacks were a more significant issue last year than now, Freddie Mac executive Sonu Mittal says emphatically, “It depends on who you ask.” Freddie Mac has seen a nearly 55% reduction in repurchase requests from its peak in the first quarter of 2023. But public filings analyzed by Inside Mortgage Finance revealed that seller repurchases rose to $430 million in the second quarter of 2024 — a 29% increase from the previous quarter.
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.
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.
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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
OCTOBER 30, 2024
Kick off 2025 with Inman Connect New York, the must-attend event for real estate pros looking to overcome market challenges. Discover new strategies, connect with industry leaders, and position yourself for growth in the year ahead.
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.
Inman
OCTOBER 30, 2024
Whether you're planning to attend this year's NAR NXT or simply follow Inman's coverage of the event, we want to know what would you like to see the trade group focus on next?
Bigger Pockets
OCTOBER 30, 2024
Recently, we shared “8 Reasons Why REITs Are More Rewarding Than Rentals.” In short, studies show that REITs earn 2% to 4% higher annual returns than private real estate.
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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
OCTOBER 30, 2024
The brokerage drove $1.5 billion in revenue — an 11.7 percent improvement over the same period in 2023, according to a third-quarter earnings report on Wednesday spanning July, August and September.
Brownstoner
OCTOBER 30, 2024
The controversial proposal to rezone the Arrow Linen site in Park Slope to make way for two at least 13-story apartment towers has gained the support of Brooklyn Borough President Antonio Reynoso, but Reynoso is calling on developers to deepen the project’s affordability as a condition of his support. Following… Read More > The post BP Backs Controversial Arrow Linen Project, But With More Affordable Units appeared first on Brownstoner.
Inman
OCTOBER 30, 2024
Baird & Warner, Chicagoland’s largest independent real estate brokerage, will launch a complete rebrand on Nov. 1 — the company’s first major brand overhaul in nearly 40 years.
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.
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Inman
OCTOBER 30, 2024
Rory Golod, Compass' president of growth and communications, spoke to Inman about Clear Cooperation, commission settlements, franchising and much more.
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.
Inman
OCTOBER 30, 2024
Days after news first broke that Fridman had left Compass, the luxury agent announced on Instagram his move to the brokerage, which is led by luxury powerhouse Aaron Kirman.
RIS Media
OCTOBER 30, 2024
A significant portion of high-end properties are seeing rising median sale prices this year, with several areas achieving record highs. Explore the most expensive zip codes for 2024, according to a report from PropertyShark, and learn key trends, standout locations and the shifting dynamics that define this elite segment of the market. Leading zip code… The post Year-Round Northeast Luxury Destinations Join Most Expensive Zip Codes appeared first on RISMedia.
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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