Housing Wire

SEPTEMBER 10, 2024

In a traditional sense, the term “silver tsunami” refers to pent-up housing stock that older homeowners will eventually choose to sell, which would have the effect of flooding the market with new inventory. But if prior suppositions about this trend being overblown failed to convince people, new data might make things clearer. More than half (54%) of baby boomers have no intention of ever selling their homes, according to new survey data from Clever Real Estate.

Mortgages 482

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Keeping Current Matters

SEPTEMBER 10, 2024

Since the supply of homes for sale is growing and mortgage rates are coming down, you may be thinking it’s finally your moment to jump into the market.

Pre-approval 332

Pre-approval Mortgages Sales Marketing 332

Housing Wire

SEPTEMBER 10, 2024

In a little more than a week, Federal Reserve policymakers are poised to lower benchmark interest rates for the first time since the start of the COVID-19 pandemic. Ahead of that decision, mortgage rates continued to decline, although a surge of borrowers has yet to appear. At HousingWire ‘s Mortgage Rates Center on Tuesday, the average 30-year conforming loan rate was 6.47%, down 13 basis points (bps) from one week ago.

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Mortgages Loans Marketing Technology 468

Real Estate News

SEPTEMBER 10, 2024

A recent poll shows a split between major industry players when it comes to the National Association of Realtors’ performance — and its settlement.

Industrial 227

Industrial 227

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Housing Wire

SEPTEMBER 10, 2024

Rocket Companies , the parent of Rocket Mortgage , has set ambitious goals to increase market share by 2027 using its multichannel reach, its origination and servicing flywheel, and its advanced technology platform. Rocket aims to double its current market share in purchase mortgages from 4% to 8% and expand its refinance share from 12% to 20%, executives said during the company’s first Investor Day event on Tuesday.

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Real Estate News

SEPTEMBER 10, 2024

According to a recent WAV Group poll of real estate professionals, only 28% want to keep the policy as-is, with many citing concerns over litigation.

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Real Estate News

SEPTEMBER 10, 2024

A bright spot in a tough market? The best time to buy in 2024 — and save upwards of $14,000 — is just weeks away, says Realtor.com.

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Agents Marketing 218

Housing Wire

SEPTEMBER 10, 2024

Redfin is facing an updated and amended complaint in the video privacy lawsuit recently filed against it by plaintiff Guillermo Mata. The suit was originally filed in late June in the U.S. District Court for the Southern District of California. The suit accuses Redfin of violating the Video Privacy Protection Act and the California Invasion of Privacy Act by allegedly sending consumers’ personally identifiable data — including names and email addresses — to third-party firms such as Facebook p

Technology 459

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Inman

SEPTEMBER 10, 2024

Officials from the National Association of Realtors are meeting this week to discuss the so-called pocket listing ban — one of the industry's most polarizing rules.

Staging 201

Staging Industrial MLS Agents 201

Housing Wire

SEPTEMBER 10, 2024

The U.S. Department of Housing and Urban Development (HUD) this week established Difficult Development Areas (DDAs) and Qualified Census Tracts (QCTs) for the Low-Income Housing Tax Credit program in 2025. These parameters are set by HUD for specific locations within each state and can impact the amount of tax credits for projects to make funding more feasible.

Land 459

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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

Inman

SEPTEMBER 10, 2024

With former JP Morgan Chase Director Priscilla Almodovar serving as Fannie Mae's CEO since 2022, both mortgage giants are now led by women for the first time in history.

Industrial 186

Industrial Mortgages Finance 186

Housing Wire

SEPTEMBER 10, 2024

HousingWire asked past Tech Trendsetter honorees about the biggest tech transformations they’ve witnessed and where companies in mortgage and real estate should focus their energy in 2024. Their unanimous answer: artificial intelligence (AI) is revolutionizing how the industry works, from boosting productivity to streamlining operations. Dive into their insights on how AI is reshaping the future of mortgage and real estate.

Mortgages 448

Mortgages Technology Staging Development 448

Inman

SEPTEMBER 10, 2024

The easiest way to stay on the right side of the current legal and regulatory changes is to subscribe to them in both letter and spirit, team leader Carl Medford writes.

Agents 185

Agents 185

Housing Wire

SEPTEMBER 10, 2024

Michael Barr, the Federal Reserve ‘s vice chair for supervision, on Tuesday spoke at the Brookings Institution in Washington, D.C., about the 2023 Basel III Endgame proposal , which would modify risk-based capital requirements for large banks. Following an extensive review process that included stakeholder comments in the intervening time — including what Barr called “productive meetings with board colleagues and our fellow federal bank regulatory agencies“ at the Federal Deposit Insurance

Banks 448

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Brokerage

Inman

SEPTEMBER 10, 2024

The new commission rules are confusing. Compliance expert Summer Goralik unpacks whether listing agents can mention buyer’s agent compensation in the private remarks on the MLS.

MLS 177

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Housing Wire

SEPTEMBER 10, 2024

After several months of searching, Freddie Mac has found a new CEO, announcing on Tuesday the hiring of former PNC Financial Services executive Diana Reid. The government-sponsored enterprise (GSE) had been without a permanent CEO since March, when Michael DeVito retired after three years on the job. Michael Hutchins took over the role on an interim basis at that time and will remain with Freddie Mac as its president.

Finance 448

Finance Banks Mortgages Equity 448

Inman

SEPTEMBER 10, 2024

Having grown up in a family-owned construction business, the former Nest Seekers International chief economist always knew she wanted to run her own brokerage. Now in partnership with Side, she has the resources to do so.

Brokerage 176

Brokerage Construction Agents 176

Housing Wire

SEPTEMBER 10, 2024

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Want a killer real estate website? Today’s real estate website builder offers a turnkey, easy-to-use solution to help build your brand, market your business and generate more (and better) leads. And yes, there’s an MLS feed since most are IDX-enabled.

Brokerage 448

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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

SEPTEMBER 10, 2024

Stakes are high, which makes communication tougher than ever for agents, colleagues and clients. Tell us what you're seeing go wrong these days.

Agents 173

Agents 173

Housing Wire

SEPTEMBER 10, 2024

Mortgage capital markets technology firm Polly has raised $25 million to invest in research and development, product innovation and expansion, the company said on Tuesday. 8VC led the latest equity investment with participation from existing investors Menlo Ventures , Meritech , Khosla Ventures and Fifth Wall. Polly has increased its locked loan volume by more than 150% this calendar year alone.

Mortgages 446

Mortgages Technology Banks Loans 446

Inman

SEPTEMBER 10, 2024

The campaign positions each luxury home sold under the Sotheby's International Realty banner as one-of-a-kind and the agents who represent those properties as "curators of the unique," the firm told Inman.

Branding 171

Branding Agents Brokerage Marketing 171

Housing Wire

SEPTEMBER 10, 2024

Chicago has cemented its position as one of the most valuable real estate markets in the United States, recently surpassing the $1 trillion mark in real estate asset value. This places Chicago alongside major markets such as New York, Los Angeles and Atlanta, creating a flourishing environment for real estate professionals and homebuyers alike. Recent data from Altos Research indicates that as of Sept. 3, Chicago had 1,818 active listings for houses and 2,874 active listings for condos.

Agents 446

Agents Brokerage As-is Sales 446

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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

SEPTEMBER 10, 2024

Discover how developing a luxury mindset can elevate your business. Chris Pollinger explores simple, cost-effective strategies to create personalized, premium experiences for your clients.

Development 169

Development Agents 169

Brownstoner

SEPTEMBER 10, 2024

It was standing room only, and barely any of that, at a heated two and a half hour public hearing on the Arrow Linen rezoning application in South Slope held by Community Board 7 last night, where 29 residents had the chance to speak to the crowd and many others… Read More > The post Locals Clash Over Arrow Linen Site’s Future at Raucous Community Hearing appeared first on Brownstoner.

Development 136

Development 136

Inman

SEPTEMBER 10, 2024

Many clients may prioritize emotional connections when hunting for resale homes, but Polsky takes a deliberate, data-driven approach, focusing his team’s efforts on newly-built properties.

Sales 162

Sales Marketing Brokerage Agents 162

RIS Media

SEPTEMBER 10, 2024

With fall approaching, home shoppers will see a plethora of options this buying season as housing inventory hits the highest level seen since May 2020, according to Realtor.com® data. Realtor.com®’s August Housing Trends Report found that the number of homes actively for sale grew by 35.8% year-over-year, the 10th straight month of growth and the… The post Housing Inventory Hits Highest Level Since May 2020 appeared first on RISMedia.

Sales 126

Sales Industrial Marketing 126

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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

SEPTEMBER 10, 2024

The four-person Klopas Stratton Team comes from Berkshire Hathaway HomeServices Chicago, where it was most recently the top team in its office and the No. 6 medium team in Illinois by sales volume.

Sales 161

Sales Brokerage Agents 161

RIS Media

SEPTEMBER 10, 2024

Above: (left to right) Mike McDonagh, Kendall Bonner, Ed Zorn, Marilyn Wilson WASHINGTON, D.C.—What happens when you get a bunch of lawyers and business operations experts in the room with hundreds of brokerage leaders to talk about one of the most pivotal legal cases the housing industry has seen in decades? Well, let’s just say… The post How Brokerages, Agents Can Avoid ‘Legal Landmines’ Post-Settlement appeared first on RISMedia.

Brokerage 124

Brokerage Agents Industrial MLS 124

Inman

SEPTEMBER 10, 2024

The growing need for affordable housing has generated interest in utilizing NYC’s Kips Bay site for residential development, but the Adams administration has declared the plan unviable.

Residential 156

Residential Development Commercial Marketing 156

RIS Media

SEPTEMBER 10, 2024

Consumers reported significantly greater optimism about the future direction of mortgage rates, despite showing little change in overall home buying sentiment, according to Fannie Mae data. Fannie Mae Home Purchase Sentiment Index® (HPSI) for August increased 0.6 points to 72.1, up 5.2 points year over year. Fannie Mae added that a high of 39% of… The post Fannie Mae: Most Consumers Remain “Apprehensive” About Housing Market appeared first on RISMedia.

Marketing 124

Marketing Mortgages Industrial Agents 124

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