Housing Wire
NOVEMBER 4, 2024
The hardest position to take in analyzing the housing market is one that is contrarian and bullish. When everyone knows that the housing market is sluggish and weak, but the data shows surprising strength. That’s where we are right now. Home sales are significantly better than they were last year at this time. No one else is reporting it yet, because the traditional data takes so long to reach the headlines.
Keeping Current Matters
NOVEMBER 4, 2024
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Housing Wire
NOVEMBER 4, 2024
As high mortgage rates reshape the housing market, existing homes are making up a larger percentage of for-sale inventory, and homebuyers are taking notice. In the third quarter of 2024, newly built single-family homes made up just 28% of homes for sale, according to a recent Redfin report based on data from the National Association of Realtors (NAR) and the U.S.
Real Estate News
NOVEMBER 4, 2024
NAR’s annual profile of homebuyers, which includes several new records, illustrates just how hard of a market it’s been for would-be homeowners.
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Housing Wire
NOVEMBER 4, 2024
Editor’s note: This is the fifth 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. What does a real estate reporter do to mark the one-year anniversary of the Sitzer/Burnett jury verdict ?
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
NOVEMBER 4, 2024
Elevated mortgage rates, sky-high home prices, tight credit and stagnant wages have all contributed to homebuyers getting older. Newly released data from the annual profile of home buyers and sellers by the National Association of Realtors (NAR) shows just how dramatically this trend has manifested since the financial crisis of 2008. The median age of homebuyers has hit a new all-time high, with first-time buyers at 38 years old and repeat buyers at a whopping 61 years old.
BAM Media
NOVEMBER 4, 2024
Last week, the National Association of Realtors (NAR) reported that we are on an annualized pace of 3.84 million existing home sales. The Wall Street Journal ran the headline that this is the lowest number of home sales since 1995. In other words, we’re on track for the worst year since ‘95 in terms of existing home sales. Month over month, that number dropped 1%, lower than the expected 0.5% decline.
Housing Wire
NOVEMBER 4, 2024
The Real Brokerage ‘s expansion trend has continued with another major acquisition. The digital brokerage platform announced on Monday the addition of Amerivest Realty , a Florida-based brokerage, adding 400 agents across Florida , Colorado , Minnesota and Wisconsin to Real’s platform. The move broadens Real’s service capabilities and aligns the brokerage with industry consolidation trends.
Fancy Pants Homes
NOVEMBER 4, 2024
Biscayne Point, the ritzy neighborhood set in the North Beach section of Miami Beach, is by no means an affordable area. Lined with waterfront homes that enjoy wide views of the Miami skyline and Biscayne Bay and are typically in the $5 to $10 million range, the pricey neighborhood has long been attracting yachting enthusiasts and deep-pocketed buyers.
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
NOVEMBER 4, 2024
The National Association of Realtors (NAR)is pushing back against the antitrust lawsuit filed against it and other Realtor associations in Michigan by three industry professionals. On Friday, the defendants in the suit filed a motion to dismiss the Hardy suit due to a failure to state a claim. The defendants include NAR, the Michigan Association of Realtors (MAR) , Grosse Pointe Board of Realtors (GPBOR), Greater Metropolitan Association of Realtors (GMAR), North Oakland County Board of Rea
Real Estate News
NOVEMBER 4, 2024
In a lengthy filing, Judge Bough outlined his reasons for approving nine brokerage settlements last week, which he said got plaintiffs “the best deal possible.
Housing Wire
NOVEMBER 4, 2024
As real estate practitioners adjust to the practice changes that took effect in August, and the industry waits for final approval of the NAR settlement from the court in November, questions continue about seller offers of compensation. The arrangement known as cooperative compensation allows sellers to choose to offset the cost of buyers’ agents. By making an offer of compensation, sellers communicate to buyers, as a marketing tactic, that their transaction costs may be reduced.
RIS Media
NOVEMBER 4, 2024
ATTOM Data’s third quarter 2024 U.S. Home Equity & Underwater Report showed that the West and Northeastern regions of the United States have the highest proportion of equity-rich mortgages. This dynamic showed strongest in Vermont, where 86.4% of homes were found to be equity-rich, or had a home value equal to at least twice the… The post ATTOM Data Shows Coastal Regions Lead the Way for Equity-Rich Locales appeared first on RISMedia.
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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.
Housing Wire
NOVEMBER 4, 2024
With mortgage rates back into the 7% range and several consecutive weeks of reduced demand , Rocket Mortgage is making what appears to be a volume play. The third party origination (TPO) division of Rocket Mortgage on Monday announced the rollout of its latest product, 24 Takeoff, which allows mortgage broker partners to receive a 24 basis point credit on all eligible loans until Nov. 17.
Brownstoner
NOVEMBER 4, 2024
Within the Prospect Heights Historic District, this 1890s brownstone has some period details and an unfinished kitchen that might present an opportunity for a buyer intending to make strategic updates. Configured with an owner's triplex and top floor rental, the 18.42-foot-wide row house at 169 Underhill Avenue has stained glass,… Read More > The post Prospect Heights Brownstone With Stained Glass, Parquet Asks $2.995 Million appeared first on Brownstoner.
Housing Wire
NOVEMBER 4, 2024
loanDepot has signed a new joint venture agreement with Smith Douglas Homes , a top-50 homebuilder with a solid book of business in the Southern states. Known as Ridgeland Mortgage , the joint venture will expand loanDepot’s footprint in a region where new-home sales account for roughly one-third to one-half of all transactions, depending on the market.
RIS Media
NOVEMBER 4, 2024
With uncertainty around the election and the National Association of REALTORS®’ (NAR) settlement already changing the industry, real estate continues to navigate a treacherous path through legal threats. This week, though, several large brokerages won a little more certainty as far as their immunity from legal threats as a federal judge approved their agreements with… The post COURT REPORT: Judge Defends Copycat Settlement Ruling; NAR Responds to Broker Lawsuit appeared first on RISMedia.
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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.
Housing Wire
NOVEMBER 4, 2024
The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s 2025 Tech100 Award are open now through December 16, 2024. Click here to nominate a tech organization. As technology continues to rapidly reshape nearly every aspect of real estate and mortgage, HousingWire’s Tech100 award has become an industry staple, spotlighting the companies driving this transformation each year.
BAM Media
NOVEMBER 4, 2024
By now, I hope that every single one of you realizes truly how important social media is to your business! Slow times or not, social media consistency is a huge asset for Realtors. The truth? The average agent spends over 7 hours per week creating content , while many agents—especially those just starting—struggle to post at all. And we know what happens when we do the constant start-and-stop posting schedule: Our views drop… Our camera rolls are filled with partially filmed videos that n
Real Estate News
NOVEMBER 4, 2024
The quickly growing company said the acquisition of My Home Group will help bolster brokerage transactions as well as mortgage and title services.
RIS Media
NOVEMBER 4, 2024
Above, Jennifer Wauhob Jennifer Wauhob pulled up roots from her native Texas to travel because of her husband’s job. But as their family grew, she was happy to settle down in the Houston suburbs, where the former teacher, then a stay-at-home mom, began to consider her options. “I had always had an interest in real… The post Family-Like Culture Revs Up Top Texas Team appeared first on RISMedia.
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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
NOVEMBER 4, 2024
The share of recently bought homes that went to first-time homebuyers fell to less than 1 in 4 between July 2023 and June 2024, according to a new report.
Propmodo
NOVEMBER 4, 2024
Over the summer, prominent Washington, D.C.-based developer Neighborhood Development Co. (NDC) announced it was shutting down after 25 years of building affordable housing. The company attributed the move to today’s challenging market conditions. In a statement, NDC CEO and Founder Adrian Washington said the last three years have “unleashed a perfect storm on the local real estate market, particularly the type of projects we focus on.” He went on to say the conditions made toda
Inman
NOVEMBER 4, 2024
Zillow Chief Industry Development Officer Errol Samuelson discussed NAR's no-commingling rule and Clear Cooperation — and how the fight to save the latter is key to preserving consumer choice.
HomeLight
NOVEMBER 4, 2024
As a homeowner in Brookfield, Connecticut, you may find yourself in a situation where you need to sell your house faster than planned. Whether it’s an unexpected life change, a job relocation, or a planned move with an approaching deadline, navigating Connecticut’s real estate market quickly and efficiently can seem like an impossible task without knowing the right place to start.
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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.
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