Housing Wire
OCTOBER 29, 2024
Is home-price growth finally cooling? That’s a question raised by the S&P CoreLogic Case-Shiller Index for August, which showed deceleration on a year-over-year basis and a slight dip relative to July. On a non-seasonally adjusted basis, the national home price index posted a 4.2% gain year over year, less than the 4.8% gain from July. The monthly index fell by 0.1%.
Real Estate News
OCTOBER 29, 2024
A law professor filed a lengthy objection calling it “the worst of all possible worlds,” raising concerns about “chaos and frustration” as well as legal fees.
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Housing Wire
OCTOBER 29, 2024
Industry-leading reverse mortgage lender Finance of America (FOA) announced this week that nearly all of the holders of outstanding senior notes that were set to mature in 2025 will participate in a new bond exchange offer that was first announced in June and amended last month. Under the amended offer, the current unsecured notes, due in 2025 with an interest rate of 7.875%, could be swapped for one of two new bond options — those with the same interest rate due in 2026 (with a company option t
Keeping Current Matters
OCTOBER 29, 2024
With the 2024 Presidential election fast approaching, you might be wondering what impact, if any, it’s having on the housing market.
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.
Housing Wire
OCTOBER 29, 2024
In today’s mortgage landscape, appraisals are a critical component of the loan origination process. To stay competitive, lenders need to adopt a comprehensive approach to collateral management that reduces risk and provides value to their customers and partners in the mortgage ecosystem. Scot Rose from Class Valuation explores current trends and offers strategies to help lenders thrive in 2025.
Real Estate News
OCTOBER 29, 2024
Two new surveys point to increasing optimism despite mortgage rate and election uncertainty, a sign that post-settlement anxiety could be waning.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
OCTOBER 29, 2024
The company is responding to “a critical time for agents,” said founder Glenn Sanford. New incentives will take effect Nov. 1.
Housing Wire
OCTOBER 29, 2024
There’s less than a month until the final approval hearing for the commission lawsuit settlement agreements reached by the National Association of Realtors , HomeServices of America , and other brokerages and non-Realtor-affiliated MLSs that opted in to NAR’s settlement. Ahead of that date, the objections have started to roll in. In addition to the objection filed by law professor Tanya Monestier on Monday, objections were recently filed by attorneys at Knie & Shealy , who represent th
Inman
OCTOBER 29, 2024
In a recent webinar, Spencer Rascoff, James Dwiggins and Jack Miller discussed the future of commissions and why agents and brokers should pay attention to their legal risk.
Housing Wire
OCTOBER 29, 2024
Editor’s note: This is the third in a series of articles that will explore the effects of the landmark Sitzer/Burnett case, which was decided on Oct. 31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. It is no secret that many first-time homebuyers are struggling. Stubbornly high interest rates, low levels of inventory and elevated home prices are putting a strain on the often-limited budgets of first-time buyers.
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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.
Inman
OCTOBER 29, 2024
Appraisal waiver programs that rely on automated valuation models will be expanded next year to allow participation by homebuyers putting less than 20 percent down.
Housing Wire
OCTOBER 29, 2024
Employment data for October is set to be released Friday, and it will go a long way in determining the path for mortgage rates, which have surged upward in the past month. At HousingWire’s Mortgage Rates Center on Tuesday, the average rate for 30-year conforming loans was 6.72%. That’s up 10 basis points (bps) from one week ago and 41 bps higher than on Sept. 18, when the Federal Reserve lowered benchmark rates by half a percentage point.
Inman
OCTOBER 29, 2024
CoreLogic Chief Economist Dr. Selma Hepp told Inman, “despite much-needed optimism, brought by a sharp decline in mortgage rates in August, the boost was short lived and not enough to renew homebuyers’ interest.
Housing Wire
OCTOBER 29, 2024
Earlier this year, Lewisville, Texas-based property services company MCS announced that it acquired Five Brothers Asset Management Solutions , a deal that brought MCS into the reverse mortgage industry for the first time. Soon after, CEO Craig Torrance offered an early look at what he hoped to achieve with the move. Roughly six months later, Torrance and Chad Mosley, the company’s president of mortgage services, attended the National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting an
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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.
Inman
OCTOBER 29, 2024
Despite the rhetoric of some in the industry, shifting away from using association-developed forms is the opposite of consumer-friendly, CAR President Melanie Barker writes for Inman.
Housing Wire
OCTOBER 29, 2024
While we can’t share their names, we can share their stories. It’s the same one, over and over again. An individual, often for the first time, is engaging in one of the most important transactions of their lifetime: homeownership. Already intimidated by the multitude of financial requirements that come with securing a mortgage, the borrower becomes even more overwhelmed by the hundreds, sometimes thousands, of emails, calls and texts they receive from an unaffiliated third-party vendor after th
Inman
OCTOBER 29, 2024
Twin Cities broker-owner Kris Lindahl has been making headlines with a one-of-a-kind collaboration for Call of Duty's latest game. Here's how solid branding — and intellectual property protections — made the deal happen.
Calculated Risk Real Estate
OCTOBER 29, 2024
From housing economist Tom Lawler: Folks who expected that mortgages rates would decline when the Federal Reserve began cutting its federal funds rate target range have been dazed and confused over the last month and a half. Since the day before the Fed’s 50 bp reduction in its funds rate target on September 18, 30-year MBS yields have surged by 84 to 96 bp, while mortgage rates have jumped by 72 to 89 bp.
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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.
Inman
OCTOBER 29, 2024
The marketing tool provides insights and data on likely buyers who have engaged with properties listed by Compass agents. It may also help Compass' ongoing push against Clear Cooperation.
Brownstoner
OCTOBER 29, 2024
An affordable housing lottery has opened for seniors on Prospect Lefferts Gardens’ Winthrop Street in a new eight-story development that has taken the place of an old wood frame house with a large yard. The complex at 250 Winthrop Street has a total of 49 units and 27 are included… Read More > The post Affordable Housing Lottery Opens for Seniors in Prospect Lefferts Gardens appeared first on Brownstoner.
Inman
OCTOBER 29, 2024
The property has been acquired by Arizona real estate developer Anita Verma-Lallian, who completed the purchase through a trust. The transaction was facilitated by Brooke Elliott Laurinkus from Christie's International Real Estate Southern California.
HomeLight
OCTOBER 29, 2024
If you’re about to close on your Alabama home sale, you’re likely wondering how much you’ll owe in closing costs. Nationally, sellers typically pay between 6% to 10% of the property’s sale price in closing costs. Since Alabama’s average sale price sits around $228,283 , sellers pay $13,697 to $22,828 in closing costs on average. To help you get a clearer picture of the closing costs for sellers in Alabama, HomeLight interviewed a leading Alabama real estate agent to put together this comprehensi
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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
OCTOBER 29, 2024
Inman plans to invest further into Blueprint to continue its growth in advance of the next Blueprint Vegas, Sept. 16-18, 2025.
RIS Media
OCTOBER 29, 2024
DENVER, Colo.—The Federal Housing Finance Agency (FHFA) and the U.S. Department of Housing and Urban Development (HUD) announced Monday the expansion of public appraisal data to include Federal Housing Administration (FHA) loans. That’s according to Naa Awaa Tagoe, deputy director for the Division of Housing Mission and Goals at FHFA, who shared the news Monday… The post FHFA, HUD Add FHA Data to Appraisal Database to Reduce Home Appraisal Bias appeared first on RISMedia.
Inman
OCTOBER 29, 2024
Every challenge is an opportunity in disguise, Darryl Davis writes, pushing you to grow, adapt and, ultimately, succeed in real estate.
Eye on Housing
OCTOBER 29, 2024
The homeownership rate for those under the age of 35 dropped to 37% in the third quarter of 2024, reaching the lowest level since the first quarter of 2020, according to the Census’s Housing Vacancy Survey (HVS). Amidst elevated mortgage interest rates and tight housing supply, housing affordability is at a multidecade low. The youngest.
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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.
Inman
OCTOBER 29, 2024
Eight luxury homes of some of the world's most elite athletes remain in the running for swankiest of all. Cast your vote as the competition continues.
Estate Agent Today
OCTOBER 29, 2024
Suspended Labour MP Mike Amesbury has been named among new members of the influential Housing, Communities and Local Government Committee.
Marco Santarelli
OCTOBER 29, 2024
As we forge ahead, experts are making San Francisco Bay Area housing market predictions for 2025 and 2026 that reveal a gradual transformation. The Bay Area real estate scene has been a hotbed of activity and speculation, and there's a lot to unpack as we consider what the future holds. With an average home value currently hovering at $1,144,598 and rising economic constraints, many are left wondering whether the market will experience a boom or a bust.
RIS Media
OCTOBER 29, 2024
For buyer’s agents, there are vital mistakes you must avoid to build rapport and get referrals. Let’s explore three of buyer agents’ most common mistakes and how to avoid them. Assuming a buyer’s ability to be preapproved for a mortgage loan While clients may seem like they’d easily qualify for a substantial home budget, never… The post 3 Common Mistakes Buyer Agents Make and How to Avoid Them appeared first on RISMedia.
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.
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