Housing Wire
APRIL 15, 2024
Fannie Mae and Freddie Mac will not count buyer’s agent commissions as part of their allowable interested party contributions (IPCs), according to announcements from the government-sponsored enterprises (GSEs) on Monday. The GSEs noted that this guidance was not an update to their selling guides but a clarification on the treatment of seller-paid real estate agent fees.
Real Estate News
APRIL 15, 2024
The brokerage lost its bid to have the verdict tossed out, leaving it with fewer options as the lone defendant in the landmark commissions case.
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Housing Wire
APRIL 15, 2024
Last week’s above-consensus inflation figures brought the mortgage market back to a sour reality: The average 30-year fixed mortgage rate, an index closely watched by industry experts, may be close to or even above the 7% level for longer than previously expected. If this scenario unfolds, analysts and executives will be ready to update their baseline expectations for 2024, including fewer refinance and purchase loans than previously forecast.
Real Estate News
APRIL 15, 2024
In the third of a three-part series, RESO CEO Sam DeBord explains why rules are critical to the MLS and how shifts in the industry influence MLS functions.
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Housing Wire
APRIL 15, 2024
As older people increasingly express their preference to age in place in their own homes, family members will oftentimes be required to provide some semblance of care for their loved ones in later life. Caregiving challenges can be compounded if there’s only one child in the family, but a reverse mortgage could offer a solution, according to a column published by Reuters.
Real Estate News
APRIL 15, 2024
The judge in Sitzer/Burnett declined the plaintiffs’ motion to enter a $5.4 billion award, saying other motions and settlements need to be finalized.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Inman
APRIL 15, 2024
Global real estate network Leading Real Companies of the World (LeadingRE) has added photography services provider AJ Canaria Creative Services to its Solutions Group, a family of industry vendors it champions to its 550 members.
Housing Wire
APRIL 15, 2024
Keller Williams was named to an additional class-action lawsuit this week that takes issue with alterations made to the brokerage’s profit-sharing program. In the past few weeks, 11 agents formerly affiliated with Keller Williams — Jerri Moulder, David Bueker, Robert Hill, Kevin Ortiz, Edward Fordyce, Paul Davis, Penny Alper, Jana and Dennis Caudill, Eric Mendoza and Jack Levine — took legal action against the real estate brokerage by filing seven separate class-action lawsuits.
Inman
APRIL 15, 2024
The European-style home is located in the Hollywood Hills' coveted Bird Streets. The sale marks a breakthrough for a market that's been crippled by high interest rates and a mansion tax.
Housing Wire
APRIL 15, 2024
Gene Millman, president and CEO, REcolorado The value of the MLS cannot be understated. REcolorado has strategically boosted that value with a focus on building a trusted, cooperative, and comprehensive real estate marketplace to position customers for success. With the real estate industry adjusting to the National Association of Realtors commission lawsuit settlement agreement , the importance of a tried and trusted MLS business partner is undeniable.
Advertiser: Trellis
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Inman
APRIL 15, 2024
Want to increase your impact and improve your business? New Inman contributor Amy Hullet says the key is taking a genuine interest in people and getting out there to meet them where they are.
Housing Wire
APRIL 15, 2024
Although more agents are fielding questions about the commission lawsuits than they were a quarter ago , they also remain optimistic about where the housing market is headed in the second quarter of 2024, according to the RealTrends Q2 2024 AgentPulse survey. The survey, which was conducted between the end of March and early April, garnered 138 respondents: 34 from the Northeast, 29 from the Southeast, 21 from the Midwest, 38 from the Southwest and 16 from the Northwest.
Keeping Current Matters
APRIL 15, 2024
Have you been saving up to buy a home this year?
Housing Wire
APRIL 15, 2024
The National Association of Mortgage Brokers (NAMB) announced a partnership with artificial intelligence (AI)-based video marketing platform Roomvu to provide mortgage brokers with marketing tools. The new partnership will make digital marketing easier for NAMB members to market their services with automation tools to create content and distribute newsletters, the association said.
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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
APRIL 15, 2024
MacDonald is the latest agent to boomerang back from a previous brokerage amid intense competition. In 2023, while an agent at Compass, she closed approximately $20 million in sales volume.
Housing Wire
APRIL 15, 2024
Wholesale lender A&D Mortgage unveiled a new and enhanced version of its partner portal, Artificial Intelligence in Mortgage, or AMI, on Monday. The AI -powered portal integrates advanced technologies into A&D Mortgage’s existing partner portal. It notably features a more intuitive user interface, seamless point-of-sale integration, and robust compliance and data security measures.
Inman
APRIL 15, 2024
Agent headcount — once a ubiquitous barometer of brokerage success — has faded, interviews and new Inman Intel Index results reveal. Instead, focus has shifted to "the better and best agents.
RIS Media
APRIL 15, 2024
Understanding a Homeowner Association’s (HOA) financial stability is crucial for maintaining property values and ensuring residents’ high quality of life. Key examination elements include reserve funds, special assessments and financial planning. Reserve funds cover significant repairs and replacements, special assessments address unforeseen expenses and financial planning ensures long-term stability.
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.
Inman
APRIL 15, 2024
A provision in NAR's settlement barring listing agents from offering buyer agents compensation is "largely symbolic," USC professor Jordan Barry said Friday at a University of Minnesota conference.
RIS Media
APRIL 15, 2024
Above, Lisa Sturtevant and Brian Schneider After its new report, Dispelling Myths About Real Estate Commissions and the MLS, was released April 12, Bright MLS Chief Economist Lisa Sturtevant and legal counsel Brian Schneider spoke in-depth at a virtual presentation about how the National Association of REALTORS®’ (NAR) proposed settlement and other current issues have… The post Report: Myths and Facts on Buyer-Agent Commissions and the MLS appeared first on RISMedia.
Inman
APRIL 15, 2024
The U.S. Supreme Court denied the real estate franchisor's request for consideration on Monday, but the plaintiffs won't be able to lay $4.7 billion in damages at HomeServices' feet — at least not yet.
RIS Media
APRIL 15, 2024
After a strong start to the spring selling season, homebuilder sentiment flattened in April as buyers hesitate to step into the market due to continued unrest in the mortgage market and other affordability challenges. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) registered at 51 in April, the same reading seen… The post Homebuilder Sentiment Flat in April as Buyers Are Hesitant appeared first on RISMedia.
Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.
In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.
Inman
APRIL 15, 2024
More home listings will mean more competition. Stand out by using virtual tours, staging and advanced technologies such as Apple Vision Pro and the Zillow Immerse app.
RIS Media
APRIL 15, 2024
Dan Prud’homme, principal at The Prud’homme Team and a pivotal figure at William Raveis Real Estate (formerly the Carolina Realty Group) in Hilton Head Island, South Carolina, stands as a beacon of innovation and strategic foresight within the real estate sector. Prud’homme’s success story is not merely about weathering storms, but about thriving amidst adversity—a… The post Pioneering Innovation in Real Estate Excellence appeared first on RISMedia.
Inman
APRIL 15, 2024
Since April 10, brokerage websites across the country have been dark as BoomTown scrambles to resolve service disruptions. The outage has already impacted the bottom line, agents told Inman.
RIS Media
APRIL 15, 2024
BoomTown ROI, a real estate proptech company, has been down for six consecutive days, impacting millions of brokers/agents countrywide. A real estate broker, who was granted anonymity in order to speak candidly, told RISMedia that BoomTown will not answer any proposed questions. “We personally have 100,000 leads in there. There are currently 3,100-plus companies/teams using… The post BoomTown ROI Faces Sixth Consecutive Day of Service Outage appeared first on RISMedia.
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Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.
Inman
APRIL 15, 2024
Changes set to take effect Aug. 1 are part of an ambitious plan to boost housing construction by 2 million and help renters save up for a down payment.
RIS Media
APRIL 15, 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. Judges deny lawsuit consolidation push Citing the recent National Association of REALTORS® (NAR) settlement agreement, a panel of six judges denied an attempt by plaintiffs in commission-focused class-action lawsuits to consolidate all the… The post COURT REPORT: Consolidation Effort Fails; Billion-Dollar Judgment Denied by Judge appear
Inman
APRIL 15, 2024
Diller's purchase of the 1.5-acre lot with 200 feet of waterfront marks a new price record for the exclusive North Bay Road. Previously, the storied Whitehall Mansion was located on the lot.
Marco Santarelli
APRIL 15, 2024
The housing market is a complex and dynamic system influenced by various economic factors , policies, and consumer behaviors. As of 2024 , the question of whether the housing market will crash is on the minds of many, from potential homebuyers to economic analysts. While the housing market has shown signs of stagnation with existing home sales at their lowest since 2010 and mortgage demand dropping significantly, most experts do not anticipate a crash in 2024.
Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty
The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.
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