Housing Wire
SEPTEMBER 25, 2024
For years, the U.S. housing market boomed. Economic growth, cash flowing through the economy, and cheap mortgages all drove massive homebuyer demand for more than a decade. People have told me, “ Home prices have raced higher, it’s unsustainable, homes are unaffordable; therefore, home prices must fall. Things have to get back in line. Don’t they?” Prices went up a ton, they’ve got to correct back down, right?
Keeping Current Matters
SEPTEMBER 25, 2024
Should you buy a home now or should you wait? That’s a question a lot of people have these days.
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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.
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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Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.
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
The Federal Trade Commission said the Dallas-based single-family home rental company “preyed on tenants through a variety of unfair and deceptive tactics.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
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.
Housing Wire
SEPTEMBER 25, 2024
The Alabama Association of Realtors is calling out for change in national membership models. (Image created by AI in Midjourney.) The Alabama Association of Realtors (AAR) turned heads last week when it sent a letter to the National Association of Realtors (NAR) and asked for greater flexibility in allowing members to decide which levels of Realtor associations they would like to join.
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.
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.
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.
Housing Wire
SEPTEMBER 25, 2024
After blasting off in July , new-home sales returned to earth in August. Sales dropped by 4.7% month over month, according to data published Wednesday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development ( HUD ). In August, new-home sales posted a seasonally adjusted annual rate of 716,000. This was down from the rate of 751,000 in July, which was revised upward.
Inman
SEPTEMBER 25, 2024
If you have listings left over from the slow spring and summer selling season, today's lower interest rates may offer a boost. Carl Medford shares strategies to help get those homes sold as autumn arrives.
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.
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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
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
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).
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.
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,”
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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
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
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
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.
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.
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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
SEPTEMBER 25, 2024
The residence, known as the Newberry or Shaw House, is a local landmark dating back to the 1890s, built during the height of Aspen’s booming mining era, according to the National Register of Historic Places.
Bigger Pockets
SEPTEMBER 25, 2024
Last year, Jussi Askola explained why he believes REITs are better investment vehicles than rental properties. This year, he explains why nothing has changed.
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.
Estate Agent Today
SEPTEMBER 25, 2024
New research claims to reveal when a property needs to go live if agents want to boost the chance of helping a vendor sell by Christmas.
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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
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.
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.
Inman
SEPTEMBER 25, 2024
New-home sales rose 9.8 percent year over year to a seasonally adjusted annual rate of 716,000 in August. However, an influx of existing-home inventory could pose a challenge to new-home sales into the fall.
Bigger Pockets
SEPTEMBER 25, 2024
It’s been a little over a month since the groundbreaking rules regarding agent commissions stipulated in a $418 million settlement between the DOJ and NAR (National Association of Realtors) took […]
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