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 Investor Development 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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287

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 324

Mortgages 324

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.

Industrial

Housing Wire

AUGUST 19, 2024

The National Association of Realtors has made things a bit more official with Nykia Wright. In an email sent by President Kevin Sears to trade group members, obtained by HousingWire, NAR has decided to name Wright as its new CEO. Wright was named as NAR’s interim CEO in early November 2023 , after long-time CEO Bob Goldberg retired over a year earlier than planned.

Finance 448

Finance Industrial As-is Agents 448

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 222

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

Residential 427

Residential Branding As-is Industrial 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.

Industrial 190

Industrial 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 426

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Brokerage

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

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.

Mortgages 407

Mortgages Loans Equity Principal 407

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 188

MLS Brokerage Industrial Agents 188

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 384

Sales Mortgages As-is Marketing 384

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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.

Agents

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.

Brokerage 189

Brokerage Agents MLS 189

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

Design 377

Design As-is Finance 377

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.

Agents 185

Agents Marketing 185

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.

Renovation 124

Renovation Design Construction Agents 124

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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.

Agents

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.

Sales 174

Sales Technology 174

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

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.

Marketing 170

Marketing Mortgages 170

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 118

Marketing 118

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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

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.

MLS 171

MLS Brokerage Agents 171

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 116

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.

MLS 161

MLS Brokerage Agents 161

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.

Marketing 122

Marketing Industrial Agents 122

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Brokerage

HomeLight

AUGUST 19, 2024

Dreaming about buying a home , furnishing it beautifully, hosting memorable dinner parties, and creating a perfect back yard for the kids? Before you dive into house hunting, it’s crucial to ensure you meet the essential requirements to buy a house. We’ve outlined nine key requirements to get squared away before scheduling those showing appointments.

Loans 111

Loans Title Construction Mortgages 111

Eye on Housing

AUGUST 19, 2024

NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates gains for custom home building after some recent slowing. Custom home building typically involves home buyers less sensitive to changes for interest rates. There were 52,000 total custom building starts during the second quarter of 2024. This marks an almost.

Design 111

Design Construction 111

RIS Media

AUGUST 19, 2024

As the residential real estate industry begins a new chapter, marked by material changes to how business is conducted, the National Association of REALTORS® (NAR) has named Nykia Wright its permanent chief executive officer, effective immediately. An accomplished business executive and former CEO of the Chicago Sun-Times, Wright has served in the interim CEO role… The post Nykia Wright Becomes Permanent NAR CEO appeared first on RISMedia.

Residential 111

Residential Industrial As-is MLS 111

HomeLight

AUGUST 19, 2024

Dealing with the loss of a loved one can be overwhelming, and the probate process might add to the stress. Probate is a formal legal process that verifies the validity of a will, appoints an executor or personal representative, and oversees the distribution of the deceased’s assets to their rightful beneficiaries. This is where a probate attorney becomes essential.

Agents 110

Agents Sales 110

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.

Agents