Housing Wire

AUGUST 19, 2024

The landmark date of Aug. 17, 2024 , has come and gone, and the real estate industry is still plugging along, despite the business practice changes mandated by the National Association of Realtors’ (NAR) commission lawsuit settlement agreement now being implemented nationwide. In the Greater Boston area, Linda O’Koniewski , the broker-owner of Leading Edge Real Estate , described the first few days of the business practice changes as “uneventful.

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Purchase and sale agreement Agents MLS Seller concession 476

Keeping Current Matters

AUGUST 19, 2024

If you’re thinking about buying or selling a home, you’ve probably got mortgage rates on your mind.

Mortgages 327

Mortgages 327

Housing Wire

AUGUST 19, 2024

More than four in 10 distressed properties purchased at auction are in underserved neighborhoods with low incomes or high minority populations, neighborhoods that often have been overlooked and left behind. “Those areas that I’m now developing I grew up in. And I remember being in those areas without hot water. I remember what it’s like to have slumlords,” said Jermaine Morgan, a Columbus, Georgia-based local community developer who purchases distressed property at auction.

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Renovation Development Investor Finance 476

Real Estate News

AUGUST 19, 2024

The transformative newspaper exec moves into the permanent CEO role at the National Association of Realtors — the U.S.’s largest trade association — this week.

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Housing Wire

AUGUST 19, 2024

Several real estate groups recently criticized the Consumer Federation of America’s support for uncoupled buyer and seller agent real estate commissions, writing in HousingWire that, “CFA has seemingly lost sight of its core purpose advocating for those most in need of consumer protection.” CFA has long maintained that coupled commissions (where sellers split commissions between the seller’s and the buyer’s broker) have allowed Realtors to set prices, overcharging a

Purchase and sale agreement 459

Purchase and sale agreement Finance Industrial Agents 459

Real Estate News

AUGUST 19, 2024

Redfin and iBuyer companies had the biggest gains in a rally following the Aug. 17 deadline for practice changes.

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Real Estate News

AUGUST 19, 2024

CoreLogic adds AI image search to consumer-agent collaboration portal; Lofty acquires Firepoint CRM; NextHome agents get access to CubiCasa's floor plan app.

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Agents 215

Housing Wire

AUGUST 19, 2024

Unsold inventory of homes for sale has been on the rise all year. It hasn’t turned the corner yet — inventory rose across the country this week — but at less than 1% rate. There are some signs that inventory growth is slowing with newly lower mortgage rates and the end of the summer. In the years before the pandemic, it would be totally normal for inventory to peak at the end of July or in August.

Sales 441

Sales Mortgages As-is Marketing 441

Inman

AUGUST 19, 2024

Be prepared for a listing appointment at a moment’s notice. Have the tools at your fingertips, take notes, build connections, and stay focused on what’s best for the seller, Bernice Ross writes this week.

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Agents Marketing 192

Housing Wire

AUGUST 19, 2024

The Move – CoStar battle is heating up as Move, the parent company of Realtor.com , filed an amended complaint on Friday in its suit against the Homes.com parent company and James Kaminsky, a former Realtor.com employee who is now an editor at Homes.com. In the suit, Move alleges that in January 2024, Kaminsky — who was laid off from Realtor.com, where he led the company’s “News & Insights” team for nearly a decade — stole trade secrets from his former employer to help fuel the rapid g

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Residential Branding As-is Industrial 435

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

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Industrial

Inman

AUGUST 19, 2024

Now that the "New Normal" has officially begun, it's time to answer the frequently asked questions agents and brokerages have about the newly implemented commission settlement rule changes.

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Brokerage Agents MLS 190

Housing Wire

AUGUST 19, 2024

Compass is already one of the biggest brokerages in New York City — and it just got bigger. The Zweben Team , a high-producing group in Manhattan and Brooklyn, have left Douglas Elliman to join Compass at its headquarters in Manhattan. Led by Carolyn and Paul Zweben, the team has closed $800 million in sales volume over more than 20 years in the business. “We are grateful to Douglas Elliman for the incredible journey we’ve shared over the past 23 years,” the Zwebens said in a s

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Brokerage Sales Closing As-is 435

Inman

AUGUST 19, 2024

New rules stemming from the National Association of Realtors' landmark commission settlement went into effect Saturday. Inman is tracking the impacts of those rules in real time.

MLS 189

MLS Brokerage Industrial Agents 189

Housing Wire

AUGUST 19, 2024

The state of Montana has been more heavily promoting its state-based Reverse Annuity Mortgage (RAM) program for seniors. Unspent funds allocated to the program can be put to use by assisting the state’s older residents with reverse mortgage financing at a relatively low interest rate when compared to either Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgages (HECMs) or proprietary product options.

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Mortgages Loans Equity Principal 434

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Inman

AUGUST 19, 2024

In a phone interview, lead plaintiffs' counsel Michael Ketchmark weighed in on the consequences of violating the NAR settlement, Zillow's business model, and the "monster case" that remains.

MLS 187

MLS 187

Housing Wire

AUGUST 19, 2024

A majority of Americans are seriously concerned that their retirement will be negatively impacted by the rising costs and uncertainty associated with sudden, unexpected and more frequent extreme weather events taking place across the country. This is according to the 2024 Annual Retirement Study from Allianz Life Insurance Company of North America. More than half of U.S. adults surveyed (56%) said they feel anxious about rising costs, financial losses and health-related impacts that extreme weat

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Design As-is Finance 427

Real Estate News

AUGUST 19, 2024

“We have to act as an industry. We have to do something,” Jason Haber, co-founder of the American Real Estate Association, told Real Estate News.

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Industrial 185

Inman

AUGUST 19, 2024

The changes to how real estate commissions are advertised and sourced as a result of the National Association of Realtors’ proposed settlement has led to the creation of Shay, an application to help homebuyers avoid the traditional sales model.

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Sales Technology 176

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RIS Media

AUGUST 19, 2024

Selling a home with an existing mortgage involves several crucial steps. My easy-to-understand guide will walk you through the entire process. In my article, you will learn the following information: Steps to sell a house with a mortgage Managing equity and dealing with negative equity Legal and tax considerations for home sellers From almost forty… The post What Happens to the Mortgage When You Sell Your House?

Mortgages 136

Mortgages Equity Industrial Marketing 136

Inman

AUGUST 19, 2024

Wright has served as NAR’s interim CEO since November after she replaced Bob Goldberg. She was instantly thrust into leading an organization in turmoil.

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MLS Brokerage Agents 172

Bigger Pockets

AUGUST 19, 2024

New “broker fee” reform could help tenants save thousands of dollars when finding their next apartment or home to rent, but it could come at a significant cost to landlords.

Marketing 130

Marketing 130

Inman

AUGUST 19, 2024

How low do rates need to go to reinvigorate the housing market? Buyer and seller responses vary in the latest Inman-Dig Insights consumer survey, suggesting its contours are still being shaped.

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Marketing Mortgages 172

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Realty Biz

AUGUST 19, 2024

Embarking on a home renovation project can be both exciting and overwhelming. Whether you're updating your living space for personal enjoyment or to boost its resale value, careful planning and execution are essential. The multitude of choices and decisions involved can feel daunting, but don't worry! Here are eight essential tips to help guide you through your home remodeling journey by experts in their fields.

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Renovation Design Construction Agents 130

Inman

AUGUST 19, 2024

Steep fines can stack up and can swiftly put you in a sticky situation, but what's worse is when it's your competition turning you in. Trainer Rachael Hite tells you how to stay on the right side of the rules.

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MLS Brokerage Agents 163

Bigger Pockets

AUGUST 19, 2024

With her retirement dreams on the line, Jill Forsythe had a few choices: return to work, start a business, or get into real estate investing.

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RIS Media

AUGUST 19, 2024

As Americans prepare to head to the polls in the fall, one subject will be on the mind of almost every voter in November: housing. As the country faces an affordability crisis and a historical lack of housing inventory, bold solutions are necessary to fix our current housing market. In June, the Treasury Department put… The post Treasury Department Unveils New Initiatives to Aid Housing Affordability appeared first on RISMedia.

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Marketing Industrial Agents 122

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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.

Sales

Brownstoner

AUGUST 19, 2024

An affordable housing lottery has started for 165 truly affordable apartments in an under-construction Brownsville building, with one-bedroom units starting at $484 per month. The lottery is for the third and final building in the 100 percent affordable Ebenezer Plaza complex, developed in a partnership between Ebenezer Urban Ministries Center… Read More > The post Brownsville Affordable Housing Lottery With $774 Three-Bedrooms Opens appeared first on Brownstoner.

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Construction Development 115

RIS Media

AUGUST 19, 2024

Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. This past week was a busy one on the real estate commission lawsuit front as the deadline for NAR practice changes agreed to back in March when the association chose to end its… The post COURT REPORT: NAR Settlement Rules Take Hold While Brokers Hit Back appeared first on RISMedia.

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Development As-is MLS Industrial 119

Bigger Pockets

AUGUST 19, 2024

Can rookies find rental properties that cash flow in today’s housing market? Yes! But you may need to get creative.

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Investor Marketing 112

RIS Media

AUGUST 19, 2024

Better Homes and Gardens Real Estate Northwest Home Team, with offices in Tumwater, Yelm and Chehalis, Washington, has announced the company has acquired 253 Realty in Tacoma, Washington, to expand the firm’s service area and market share in Pierce County. According to a release, 253 Realty was founded by Shawn Viguerie in 2013. Before starting… The post Better Homes and Gardens Real Estate Northwest Home Team Expands Into Tacoma appeared first on RISMedia.

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Marketing Industrial 116

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