Thu.Sep 12, 2024

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The average homeowner just gained another $25K in equity

Housing Wire

Home equity continued to rise in the second quarter of 2024 as residential properties with mortgages collectively gained $1.3 trillion in equity over the past year. But growth began to slow during these three months, according to the CoreLogic Homeowner Equity Insights report published on Thursday. The aggregate equity gain was 8% year over year, bringing total equity on mortgaged properties to more than $17.6 trillion at the end of Q2 2024.

Equity 508
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What To Know About Closing Costs

Keeping Current Matters

Now that you’ve decided to buy a home and are ready to make it happen, it’s a good idea to plan ahead for the costs that are a typical part of the homebuying process.

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The fall housing market could see hotter competition, Zillow says

Housing Wire

Lower mortgage rates over the past several months have led to increased affordability for prospective homebuyers, and this could lead to an extra competitive fall 2024 season. That’s according to a Zillow report released Thursday in which the Seattle -based real estate company said that “lower mortgage rates and rising inventory are giving home buyers a window of opportunity at an unusual time of year.“ Zillow noted that the U.S. median monthly mortgage payment in August had declined by mo

Marketing 482
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Mortgage rates flirt with 6% — your move, Fed

Real Estate News

The downward trend hasn’t fired up buyers (yet), but predictions of more cuts this year could move rates closer to 5% and amp up the market next spring.

Mortgages 285
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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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Baby boomers are most active in these housing markets

Housing Wire

Baby boomers are a key constituency for the reverse mortgage industry since they are currently the generation with the largest share of the population at or above the age of 62. A recent SmartAsset analysis of 2023 Home Mortgage Disclosure Act (HMDA) pinpointed where boomers are most active within the U.S. housing market. “ Retirement often signals a major shift in a person’s life.

Marketing 460
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NAR discrimination suit now a federal case

Real Estate News

An amended complaint by a former project manager adds new claims and details to sexual harassment, discrimination and retaliation allegations.

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More Trending

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NAR offers new advice for sellers on agent compensation

Real Estate News

With industry rule changes now in effect, the National Association of Realtors has been doubling down on education and outreach to buyers and sellers.

Agents 218
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Logan Mohtashami talks recession concerns, home affordability with the ’Real Estate Insiders’

Housing Wire

In a recent episode of the “Real Estate Insiders Unfiltered” podcast, co-hosts James Dwiggins and Keith Robinson chat with HousingWire Lead Analyst Logan Mohtashami to discuss a variety of issues — including pending concerns of a recession , mortgage rates and housing affordability issues that persist across the country. Mohtashami has worked in the mortgage and real estate industries since 1996, and he takes pride in his ability to quickly decipher data, form opinions and deliver actionable ins

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California MLS MetroList debuts AI-based voice search

Inman

The search platform is already live on the multiple listing service's website and comes amid a growing interest in using artificial intelligence to improve consumer home searches

MLS 190
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CFPB slaps TD Bank with $28M fine for consumer protection violations

Housing Wire

The Consumer Financial Protection Bureau (CFPB) has ordered TD Bank to pay $28 million for illegal actions that could tarnish consumer credit reports and for not taking timely action to correct its errors. The CFPB’s investigation found that for several years, TD Bank repeatedly gave inaccurate account information to consumer reporting companies, which at times contained systemic errors about personal bankruptcies and credit card delinquencies, the bureau said Wednesday.

Banks 385
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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

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.

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Century 21 agent earns bronze for US Paralympics swim team

Inman

Twenty-three-year-old Century 21 Scala Group agent Matt Torres shares his journey to the 2024 Paris Paralympics and the key to helping people with disabilities thrive.

Agents 189
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Compass adds Dallas-area small team in latest Texas expansion

Housing Wire

Compass is adding a new team to its Dallas roster. The real estate brokerage announced this week that the B-W Group is joining up and will operate out of its Park Cities office. The group reportedly tallied $56.8 million in sales volume in 2023. It is led by the mother-daughter team of Michele Balady Beach and Lindsay Beach. Jamie Moore is also a member.

Brokerage 377
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Rate has now taken 10K loan applications en Español

Inman

DHI Mortgage, Rate and CrossCountry Mortgage ranked as biggest employers of top-producing Latino mortgage originators by the National Association of Hispanic Real Estate Professionals (NAHREP)

Loans 191
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Opinion: Unlocking the Pass-Through Assistance Program’s potential

Housing Wire

First launched in April of 2020, the Pass-Through Assistance Program (PTAP) was an important initiative designed to provide mortgage servicers with the liquidity needed to endure the financial challenges due to the COVID-19 pandemic. As millions of borrowers struggled to meet their mortgage payments, PTAP served as a lifeline, ensuring that servicers could meet their obligations to investors.

Mortgages 307
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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

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.

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New Hampshire metro prevails as hottest US market for 29th time

Inman

August marked the eighth consecutive month in which Manchester, New Hampshire, was ranked the hottest U.S. market by Realtor.com. The top 20 hottest markets were all in the Northeast and Midwest.

Marketing 182
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Buyer Agent Playbook: 3 Reasons Clients Must Buy Now Instead of Waiting

RIS Media

As Tom Petty sang, “The waiting is the hardest part.” Was he referring to homebuyer hopefuls? Not sure, but either way, it’s almost go-time for those who’ve waited patiently for mortgage rates to finally begin a downward trajectory after years of staying in the high sixes, sevens and even briefly the eights. Inflation has cooled,… The post Buyer Agent Playbook: 3 Reasons Clients Must Buy Now Instead of Waiting appeared first on RISMedia.

Agents 131
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NAR accuser outlines new details in lawsuit alleging retaliation

Inman

Roshani Sheth filed a lawsuit against the National Association of Realtors in June, alleging discrimination, sexual harassment and retaliation. A new filing offers more details.

MLS 173
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Three Tips for Recruiting—and Keeping—the Right Agents in Your Brokerage

RIS Media

Your brokerage’s success depends on the people who bring in business—your agents. With the right strategies in place, you can find and keep the right talent, which helps you close more deals and strengthen your entire brokerage’s brand in the long run. But keeping the right agents is harder than it sounds. According to recent… The post Three Tips for Recruiting—and Keeping—the Right Agents in Your Brokerage appeared first on RISMedia.

Brokerage 124
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The Broker Action Plan for the Post-NAR Lawsuit Landscape

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.

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7 brutally honest truths you need to hear right now

Inman

It’s a tough market, but this is the market where careers are made, Real’s Jimmy Burgess writes. Double down on your work ethic, sharpening your skills and serving others.

Marketing 174
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Premiere Plus Realty President Jillian Young Named to 2024 Class of 40 Under 40

RIS Media

Above, Jillian Young United Real Estate has announced that Jillian Young, president of its Naples, Florida affiliate, Premiere Plus Realty, has been named to Gulfshore Business Magazine’s 2024 Class of 40 Under 40. The honor is awarded to standout professionals in Southwest Florida who exhibit remarkable leadership, significant career achievements and a strong dedication to… The post Premiere Plus Realty President Jillian Young Named to 2024 Class of 40 Under 40 appeared first on RIS

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3 complexities of senior home sales you should prepare for

Inman

The future of senior home sales is here, and the most successful agents and brokers will be those who are ready to meet it head-on, senior expert and author Nikki Buckelew writes.

Sales 162
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Mortgage Rates Drop to their Lowest Level in 19 Months

RIS Media

Good news for those hoping for more decreases in mortgage rates this week, however the same challenges persist regarding affordability and inventory, preventing a meaningful break in the hindered housing market. The 30-year fixed rate mortgage averaged 6.20% this week, down from 6.35% last week, according to the latest Primary Mortgage Market Survey® (PMMS®) released… The post Mortgage Rates Drop to their Lowest Level in 19 Months appeared first on RISMedia.

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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

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.

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Former Fannie Mae president David Benson joins Opendoor board

Inman

The iBuyer has appointed David Benson to its board of directors, effective immediately. Benson was Fannie Mae's president for six years, retiring from the role in May 2024.

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How Can You Help Your Agents Demonstrate Value to Buyers and Sellers?

RIS Media

Real estate agents today face a marketplace with unprecedented conditions: higher interest rates, rising home prices and historically low inventory. The impact of the commission lawsuits exacerbates all this. More than at any time in history, sellers and buyers alike are scrutinizing the value that a REALTOR® brings to the transaction. These challenges mean your… The post How Can You Help Your Agents Demonstrate Value to Buyers and Sellers?

Agents 124
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It’s time for an industry update. Embrace transparency for real

Inman

The commission lawsuits are a wakeup call for real estate, new Inman contributor Mathew Speer writes. Now is the time to raise your standards and truly embrace transparency.

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4 Skills You Must Excel at to Succeed as an Agent Going Forward

RIS Media

Everyone has strengths and weaknesses. The job of a real estate agent encompasses a great many skills, and you are unlikely to perfect every one of them. But, like with all professions, some skills are more important than others. And when you must showcase them over and over again in order to succeed with current… The post 4 Skills You Must Excel at to Succeed as an Agent Going Forward appeared first on RISMedia.

Agents 122
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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.

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10 practical tips for helping families with kids have a smooth move

Inman

Staying positive and patient can make it easier for families with children to experience a good move, Lindsey Harn writes, and real estate agents can help.

Agents 150
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Preparing for the Future: The Fundamentals

RIS Media

It’s never too early to plan for the future, especially when working in the fast-paced real estate industry. As we approach the end of the third quarter, now’s the time to map out the specific areas you want to focus on so that you’re set up for continued success. To get some perspective, we asked… The post Preparing for the Future: The Fundamentals appeared first on RISMedia.

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Compass Florida founding member Bobby Jones joins Douglas Elliman

Inman

After nine years with Compass, Bobby Jones has joined Douglas Elliman as its executive director of luxury sales. Jones specializes in listing waterfront and luxury estates across South Florida.

Sales 135
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Agents Do Charity – best feet forward

Estate Agent Today

Welcome to this week’s Agents Do Charity, our chance to salute those who do so much to help others. If your agency is doing something charitable that we should bring to the attention of the industry, please email press@estateagenttoday.co.uk – and we’ll do the rest!

Agents 112
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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

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.