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 ?
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.
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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.
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
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.
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.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Keeping Current Matters
NOVEMBER 4, 2024
Looking to buy a home but feeling like almost everything is out of reach?
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.
Inman
NOVEMBER 4, 2024
Brokerages have been plagued by falling sales and tapering price growth, rendering broker fees stagnant at a time when most sectors are enjoying robust gains, according to a new Intel analysis.
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.
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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
NOVEMBER 4, 2024
Weekends are packed with potential buyers and sellers, from open houses to whole-family showings. Agents are expected to work weekends, and childcare on the weekends can be expensive.
Housing Wire
NOVEMBER 4, 2024
Reverse mortgage industry performance metrics have been trading gains and losses for several months now, but a more favorable interest rate environment and optimism about the possible trajectory of business in 2025 have arrived alongside some generally positive news for October. Home Equity Conversion Mortgage (HECM) endorsements increased by 11.1% from September to October, with 2,392 loans endorsed last month, according to data compiled by Reverse Market Insight (RMI).
Inman
NOVEMBER 4, 2024
Amerivest Realty owner Joe Ballarino has brought a slew of agents based out of Florida, Colorado, Minnesota and Wisconsin to the cloud-based brokerage, according to an announcement Monday.
Housing Wire
NOVEMBER 4, 2024
Global credit rating agency Morningstar DBRS last week assigned a “good” rating to reverse mortgage industry leader Finance of America (FOA), confirming the ranking the company was assigned this past summer ahead of its earnings call this week. The rating is officially classified as “MOR RVO2” by Morningstar. The agency once more noted the recent business history of FOA — including the abandonment of its forward mortgage business and its acquisition of American Advisors Group (AAG).
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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.
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.
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.
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.
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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
NOVEMBER 4, 2024
As rental fraud continues to rise, Rently has introduced a powerful solution with its Verified Renter service. This built-in lead verification service delivers high-intent prospects, helping to secure more signed leases, reduce fraudulent activities and save valuable staff time.
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.
Inman
NOVEMBER 4, 2024
Having slashed operating expenses by 40 percent from a year ago, the iBuyer has its sights set on boosting home purchases to 1,000 per quarter on lower cost structure.
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
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Inman
NOVEMBER 4, 2024
Located just a short journey from downtown Seattle are two island communities that offer a slower lifestyle to professionals looking to escape busy city life.
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.
Inman
NOVEMBER 4, 2024
The two companies have agreed to offer Local Logic’s scalable library of city, community and street-level NeighborhoodIntel reports through the SentriLock interface.
Seattle Times Real Estate
NOVEMBER 4, 2024
Amazon will move out of the Met Park North office building in Seattle's Denny Triangle this month and shift 800 workers to other offices in the region.
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.
Inman
NOVEMBER 4, 2024
Find out how Miami luxury leader Lourdes Alatriste demonstrates grace under pressure while always keeping clients' needs top of mind.
RIS Media
NOVEMBER 4, 2024
Above, Leo Pareja In the aftermath of recent lawsuits, the next major legal battleground in real estate is going to be steering. It’s not a matter of if, but when. During the litigation over cooperative compensation in MLSs, one of the central claims by plaintiffs’ attorneys was that real estate agents were steering buyers toward… The post Op-Ed: The Next Wave of Lawsuits Will Be About Steering—Mark My Words appeared first on RISMedia.
Inman
NOVEMBER 4, 2024
Scottsdale, Arizona-based brokerage will continue to operate under the My Home Group brand, with co-founders Jereme Kleven and Mark Hutchins staying on to oversee daily operations.
Estate Agent Today
NOVEMBER 4, 2024
First-time buyers will face a stock shortage as well as potentially higher costs once Stamp Duty thresholds return to £300,000 in April, research suggests.
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Strategic real estate professionals know that the name of the game right now is to stay informed, adaptable, and ready to make confident decisions. In this free download, Inside Real Estate CEO, Joe Skousen, shares what he believes are the top 4 most impactful actions in real estate right now. We've been actively engaging with industry experts, analyzing data, and listening intently to the experiences of our agents on the ground.
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