Housing Wire
SEPTEMBER 25, 2024
A judge in Arizona granted Mat Grella, the former president of NEXA Mortgage , a motion to dismiss a lawsuit filed by the company. NEXA has accused Grella of causing the failure of a $24 million hangar-office property purchase and the brokerage firm is preparing to file an amended complaint. The saga began in March when Grella was terminated from NEXA amid buyout negotiations.
Real Estate News
SEPTEMBER 25, 2024
Florida, North Carolina and Texas dominate a new report sizing up the top 10 markets for real estate investment.
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Housing Wire
SEPTEMBER 25, 2024
Mortgage applications are now at their highest level in more than two years after an 11% jump during the week ending Sept. 20, according to the newest weekly applications survey from the Mortgage Bankers Association (MBA). The 11% increase in the MBA’s overall applications index — boosting the index to its highest point since July 2022 — was fueled primarily by refinances , which rose 20% from the prior week and are now 175% higher compared to the same week in 2023.
Real Estate News
SEPTEMBER 25, 2024
August numbers were down nearly 5% from July, but came in better than a year ago and are still expected to outperform existing home sales in the coming months.
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Housing Wire
SEPTEMBER 25, 2024
Applicants hoping to get a mortgage job in 2024. (Image created by AI in Midjourney.) After cutting to the bone over the past three years, several large mortgage lenders are beginning to ramp up hiring. These companies are adding sales and operational staff, preparing for the expected drop in rates and subsequent increases in volumes. However, the industry is approaching this cycle with caution.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
SEPTEMBER 25, 2024
Just when you think you can anticipate the next trend in real estate, get ready for a new twist. Home prices increased 5.4% nationally in June when compared with the previous year, according to the S&P CoreLogic Case-Shiller index. Though this is a decrease from the 5.9% pace recorded the previous month , this rate is still very high. Current home price data shows that affordability remains one of the biggest challenges for buyers today, particularly when coupled with persistently high inter
Inman
SEPTEMBER 25, 2024
Small real estate investors have a role to play in improving affordability and inventory, trainer Bernice Ross writes, and can be a key part of growing your real estate business.
Housing Wire
SEPTEMBER 25, 2024
Michigan -based ERA Prime Real Estate Group is continuing its acquisition spree. On Tuesday, the firm announced its acquisition of Southgate, Michigan-based GAP Realty Group. ERA Prime Real Estate Group, which also has offices in Farmington and Grand Blanc, said that the acquisition would increase the firm’s services area and market share in Southeast Michigan.
Inman
SEPTEMBER 25, 2024
From legal challenges to callouts in the media, it seems that everyone is talking about Clear Cooperation and whether it's time to put the controversial policy on ice.
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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
SEPTEMBER 25, 2024
Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. No one gets into real estate to suffer career-ending, failure-to-launch syndrome. You got your license to be successful in real estate and take your life to the next level — whether that was this morning, last year, or a decade ago.
Inman
SEPTEMBER 25, 2024
Forget trying to compete with the big national names. Focus on local, community-specific SEO to stand out in online searches, David Marden writes.
Housing Wire
SEPTEMBER 25, 2024
The first day of this year’s National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo in San Diego wound down with an announcement that marks the end of an era. The association honored two of its most prominent past and present members with distinguished service awards. These were given to Peter Bell, NRMLA’s current CEO and former president, and Scott Norman, its former co-chair and current CEO of the Texas Mortgage Bankers Association (TMBA).
Brownstoner
SEPTEMBER 25, 2024
The New York City Planning Commission voted Wednesday to approve Mayor Eric Adams' "City of Yes" zoning overhaul aimed at boosting housing supply across the Big Apple — but the controversial plan must still pass the City Council, where it likely will face strong political opposition. The scheme, known as the… Read More > The post NYC Planning panel greenlights ‘City of Yes’ housing plan — but it still faces tough road in City Council appeared first on Brownstoner.
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Housing Wire
SEPTEMBER 25, 2024
Negative depictions of Americans ages 50 and older have lessened over a five-year period, with negative sentiment in online media and marketing images dropping from 28% in 2018 to 10% in 2023, according to research published this week by senior advocacy organization AARP. “The 50-plus population is pictured as more active and independent, less fearful, and more likely to use technology, reflecting a growing recognition of older adults’ active lifestyles and valuable engagement in society,”
Inman
SEPTEMBER 25, 2024
While many homeowners rushed to refinance, affordability is keeping a damper on sales. Now mortgage rates are climbing again, with investors having already priced in last week's Fed rate cut.
Housing Wire
SEPTEMBER 25, 2024
The Federal Housing Finance Agency (FHFA) announced on Wednesday it has changed its proposal to amend the Suspended Counterparty Program (SCP), offering a less severe version after several trade groups raised concerns about its impacts on the mortgage market. The SCP, established in June 2012 during the Obama administration, requires that entities report to FHFA if an individual or institution they do business with has committed certain types of misconduct within the prior three years.
Inman
SEPTEMBER 25, 2024
In August, nearly half of all U.S. homes had been on the market for 60 days or more, according to Redfin. Days on market has ticked up as high rates have slowed sales.
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Housing Wire
SEPTEMBER 25, 2024
The Real Brokerage has scored a 13-for-1 deal. With the affiliation of the RealD2D Team, Real is adding 40 agents to its footprint in 13 different states, providing the company with the relatively rare opportunity to expand in more than one metropolitan area. RealD2D is led by agent and coach Duane Richins, who brought a unique background to his real estate career that began in 2016.
Inman
SEPTEMBER 25, 2024
In this webinar, we'll delve into the transformative role that sales training, coaching, and technology play in reshaping the real estate landscape. Whether you are a seasoned agent or just getting started in your career, discover how these tools help unlock a deeper understanding of client preferences, enabling you to offer unparalleled value.
HomeLight
SEPTEMBER 25, 2024
Accepting an offer on a home you’re selling is an exciting milestone. It may feel like the job is done, and it’s time to celebrate. But don’t pop the champagne before you’ve crossed off all the items on this closing checklist. Closing on a home sale can be more work than one might expect. This final phase represents the legal transfer of your property’s title and includes negotiating final terms, tying up loose ends, and executing the financial transaction.
Inman
SEPTEMBER 25, 2024
Christa Huffstickler, the EZ Referral Network at Keller Williams Citywide and PorchLight Realty Group have topped the Alliance's LGBTQ+ Real Estate Top Producers list for sales volume and transaction sides completed in 2023.
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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.
HomeLight
SEPTEMBER 25, 2024
Are you considering using a home equity loan to help buy your next house? Whether you’re purchasing a second property for investment, a vacation getaway, or looking for a way to buy a new home before selling your current one, tapping into your home’s equity can feel like an appealing solution. However, there are key factors and risks to consider before borrowing against your home equity loan for a down payment.
Inman
SEPTEMBER 25, 2024
The Colorado Division of Real Estate announced the move Monday, days after the beleaguered brokerage suffered a legal blow in California over 40-year contracts described as "predatory.
RIS Media
SEPTEMBER 25, 2024
As NextHome celebrates 10 years in franchising, the company is accelerating its commitment to leading the way forward through the latest industry changes, without losing sight of the humans who buy and sell houses. At the core of the company is the Humans Over Houses® movement. This idea emphasizes that real estate should revolve around… The post Leading the Way in Real Estate Innovation and Empowerment appeared first on RISMedia.
Inman
SEPTEMBER 25, 2024
More than 100 homes have already been razed to make room for shipping warehouses. But a judge last week ruled that the county violated environmental regulations when it approved the project.
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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.
Brownstoner
SEPTEMBER 25, 2024
For someone with the budget, this is one glorious rental. The Prospect Park South mansion that was purchased by actor Michelle Williams and renovated, with interiors by Gowanus-based Workstead, is up for rent. The grand Colonial Revival standalone has grandly proportioned rooms, and plenty of them, along with a garage… Read More > The post Live in Style in Michelle Williams’ Prospect Park South Mansion, Asking $35K a Month appeared first on Brownstoner.
Inman
SEPTEMBER 25, 2024
The deal to power the brokerage's Curate by BHS product marks the largest partnership Notable has launched since joining Leading RE's Solutions Group this spring, according to an announcement on Tuesday.
RIS Media
SEPTEMBER 25, 2024
Home purchase application activity continued to increase this week in the wake of the Fed’s milestone 50-basis point rate cut last week. The latest Weekly Applications Survey the Mortgage Bankers Association’s (MBA) for the week ending September 20, 2024 shows mortgage applications increasing 11.0% from one week earlier, to a 2-year high and their fifth… The post Refinancing Accounts for Lion’s Share of Mortgage Applications as Activity Hits 2-Year High appeared first on RISMedia.
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