Housing Wire

AUGUST 5, 2024

Fears of a recession in the U.S. sent shockwaves through financial markets around the world on Monday. The Dow-Jones dropped 1,000 points by 10:30 a.m. Eastern time, the NASDAQ lost up to 6% of its value and Japanese stocks suffered their biggest crash since 1987, with the Nikkei 225 stock index dropping 12.4%. The turbulence should benefit the U.S. mortgage market , which has already seen big interest rate declines in the past week following a Fed meeting that teased forthcoming cuts to benchma

Mortgages 501

Mortgages Marketing Fixed-rate mortgage Loans 501

Real Estate News

AUGUST 5, 2024

A Redfin survey found that younger buyers are more willing to sacrifice safety, and overall, proximity to amenities was lower on the list of must-haves.

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Housing Wire

AUGUST 5, 2024

The global stock selloff that began overnight in Asia rolled through U.S. markets on Monday as the S&P 500 and the Dow Jones Industrial Average fell by 3% and 2.6%, respectively. While technology-sector darlings such as Nvidia and Apple got thumped the hardest, the real estate industry also took its fair share of lumps. But analysts believe that the sell-off, paired with a drop in interest rates, could produce mixed results for real estate.

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Brokerage Marketing Mortgages Technology 486

Real Estate News

AUGUST 5, 2024

The brokerage, which received praise for its new buyer and seller agreements, is sharing forms and scripts related to concessions and buy-side compensation.

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Agents Brokerage 244

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 5, 2024

Seller impersonation fraud is on the rise. A study conducted by NDP Analytics found that 28% of title companies experienced at least one seller impersonation fraud attempt in 2023, and in April 2024 alone, 19% of firms experienced at least one of these attempts. The study, which was released on Monday, is based on a nationwide survey of 783 title companies.

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Title Land Closing As-is 496

Keeping Current Matters

AUGUST 5, 2024

Curious about selling your home?

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Equity 333

Inman

AUGUST 5, 2024

The MLS has been a leader in real estate innovation for over 30 years. Its brand, VestaPlus, is renowned for user-friendliness, customer service, and design in the MLS industry.

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MLS Branding Design Industrial 183

Housing Wire

AUGUST 5, 2024

Rising home prices managed to outpace an all-time high of $13.8 trillion in mortgage debt, pushing mortgage holder equity to a new high of $17.6 trillion in the second quarter of 2024. On top of that, tappable home equity reached a new high of $11.5 trillion, a 4% gain compared to the first quarter and a 9.2% year-over-year increase, according to new data from ICE Mortgage Technology.

Equity 459

Equity Loans Mortgages Lending 459

Inman

AUGUST 5, 2024

A Washington listing photographer said Zillow Gone Wild used her photo without permission in February 2022. After attempting to negotiate a payment of roughly $30,000, she's now suing for a maximum judgment of $300,000.

Marketing 182

Marketing Agents 182

Housing Wire

AUGUST 5, 2024

CreditXpert stands apart in the industry by offering innovative solutions that emphasize credit optimization over traditional credit repair. In this executive conversation with Mike Darne, VP of Marketing, we explore how CreditXpert is delivering precise credit optimization solutions and their commitment to making homeownership more accessible and affordable.

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Mortgages Principal Industrial Technology 454

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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.

Brokerage

Inman

AUGUST 5, 2024

Just about one month after listing the property with Leonard Moens, Leonard Riggio's 1.7-acre oceanfront estate in Palm Beach has gone under contract.

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Housing Wire

AUGUST 5, 2024

Massachusetts Gov. Maura Healey (D) has signed a $57.8 billion state budget for 2025, which features several provisions designed to assist the state’s senior residents with health care, food assistance and aging-in-place provisions like home-based care. This is according to announcements by Healy’s office and AARP. Signed into law on July 29, the budget features support for several aging-specific programs advocated for by AARP.

Equity 438

Equity Design Mortgages As-is 438

Inman

AUGUST 5, 2024

By its definition, real estate is a high-churn business, according to Mike DelPrete, which offers the potential for massive shifts in brokerage revenue year-to-year.

Industrial 166

Industrial Agents Brokerage 166

Housing Wire

AUGUST 5, 2024

The acceleration of climate change has fueled more frequent and more severe natural disasters, but that isn’t keeping people away from high-risk parts of the country. A new report from Redfin shows that migration patterns in 2023 weren’t interrupted by the realities of climate change as moving trends appear to be driven by factors other than the risk of natural disasters.

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As-is 433

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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 5, 2024

Despite being a bustling metropolis, Chicago is known for its friendly charm, easy navigation and great parks and beaches, says real estate professional Sam Jenkins, who transitioned from fitness consulting to real estate and has closed over $700 million in transactions over 20 years.

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Closing 156

Housing Wire

AUGUST 5, 2024

The National Reverse Mortgage Lenders Association (NRMLA) and the Mortgage Bankers Association (MBA) have submitted a joint letter to Ginnie Mae acting president Sam Valverde, offering their thoughts and perspectives on the government-owned company’s proposed supplemental Home Equity Conversion Mortgage (HECM)-backed Securities ( HMBS ) program. That program, referred to by industry participants as “HMBS 2.0,” was initially announced as in development at the beginning of the year.

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Principal Development Equity Mortgages 391

Inman

AUGUST 5, 2024

Concerns about fraud mean lenders who want to sell multifamily loans to the mortgage giants may be required as soon as this summer to do more due diligence on borrowers and their properties.

Due diligence 158

Due diligence Loans Mortgages Commercial 158

RIS Media

AUGUST 5, 2024

The holiday season is a unique time for the real estate market. Understanding how holidays affect home sales now can guide buyers and sellers in making informed decisions if they decide to enter the market at that time of year. I have provided detailed information to help potential home sellers whether it makes sense to… The post The Impact of Holidays on Home Sales appeared first on RISMedia.

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Sales Marketing Industrial Agents 142

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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 5, 2024

Shares in Offerpad hit a new all-time low in after-hours trading Monday after the iBuyer reported that it continues to trim its losses but expects further declines in revenue and homes sold in the third quarter.

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Sales Industrial Marketing 156

Bigger Pockets

AUGUST 5, 2024

Learn how to run a successful rental business by choosing the right structure, managing finances, complying with laws, and maintaining properties effectively.

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Finance 127

Inman

AUGUST 5, 2024

Declining mortgage rates may finally be bringing some buyers back to the table. But agents will need to see more before they change their skeptical outlook, Inman Intel Index results suggest.

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Agents Mortgages Brokerage Marketing 154

Eye on Housing

AUGUST 5, 2024

Residential building workers’ wage growth accelerated to 9.0% in June. This marks the fastest year-over-year (YOY) growth rate since December 2018. After a 0.3% increase in June 2023, the YOY growth rate for residential building worker wages have been trending upward over the past year. The ongoing skilled labor shortage in the construction labor market.

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Residential Construction Marketing 106

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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 5, 2024

The U.S. Navy will expand a toxic remediation project at the Hunter's Point Shipyard after radioactive findings at the site.

Development 169

Development Marketing 169

Brownstoner

AUGUST 5, 2024

A new Middle Eastern restaurant and bar with an equal focus on food, booze, and music will be opening on Bed Stuy’s Malcolm X Boulevard in coming months, with the aim to bring the feel of Tokyo listening rooms mixed with Istanbul taverns. The name Laziza means "a good thing" in… Read More > The post Tokyo Listening Rooms, Istanbul Taverns Inspire Middle Eastern Eatery in Bed Stuy appeared first on Brownstoner.

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Inman

AUGUST 5, 2024

Despite safety ranking high on the list of homebuyer concerns, many house hunters say they're willing to consider purchasing in a high-risk area in exchange for affordable housing, according to a new report.

Marketing 145

Marketing 145

Bigger Pockets

AUGUST 5, 2024

Avoid costly surprises when buying property by addressing red flags in inspection reports. Learn why secondary inspections are crucial for high-risk issues.

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Inspection 114

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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.

Brokerage

Inman

AUGUST 5, 2024

Is your office the one everyone talks about for all the wrong reasons? Consultant Rachael Hite says your "fun" office just might be the opposite.

Brokerage 147

Brokerage Agents 147

BubbleInfo

AUGUST 5, 2024

There were 52 new listings in the last week, which keeps the number of actives around the 500 mark (492). But we emptied out the pendings drawer last month. The number of July closings is up to 212 sales and there will probably be a few more tacked on to that number before it’s done! […] The post Inventory Watch first appeared on bubbleinfo.com.

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Closing Sales 103

RIS Media

AUGUST 5, 2024

In more signs the market may be normalizing, Realtor.com’s latest housing report shows inventory levels rising to a post-pandemic high, along with price cuts reaching their highest rate since October of last year. According to Realtor.com®’s July Monthly Housing Market Trends Report, the market is becoming more buyer friendly with homes actively for sale growing… The post Report Shows Post-Pandemic High for Inventory in July appeared first on RISMedia.

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Sales Marketing Industrial 122

Brownstoner

AUGUST 5, 2024

An affordable housing lottery has opened for 56 apartments in a new almost block long nine-story development that stretches from the corner of Lorimer Street to about three-quarters of the way down Grand Street in Williamsburg. With an appearance similar to many new builds in the area -- that is, boxy… Read More > The post Affordable Housing Lottery Opens for Near Block Long Burg Development appeared first on Brownstoner.

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Development 106

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