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The surge in first-time homebuyers during 2020 has led to a new trend: first-time home sellers. Many who bought during the pandemic are now rethinking their decisions, citing changing lifestyles, financial miscalculations, and shifting market conditions, according to new data from Opendoor. A survey of 1,000 first-time sellers found that 79% regretted aspects of their home purchase, with 91% saying those regrets influenced their decision to sell.
CoStar Group and Nine Entertainment have reportedly begun negotiating the acquisition of Domain, the second largest real estate classifieds firm in Australia behind News Corp-owned REA Group. Nines target price is AUD 2.79 billion.
Lessons from California wildfires and other natural disasters Californias wildfires highlighted the chaos that natural disasters continue to unleash not just on homeowners, but also on the mortgage servicers tasked with supporting them and the insurance industry that covers the cost of rebuilding. From wildfires to hurricanes, floods and earthquakes, each crisis tests a servicers ability to manage compliance, borrower support and investor expectations.
Learn how this team lead empowers agents to run theirown businesses while having access to the mentorship, tools and collaboration they need to scalesuccessfully.
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.
The number of home flips across the U.S. fell in 2024, continuing a downward trend as real estate investors grapple with tight profit margins. According to Attom s 2024 U.S. Home Flipping Report, investors flipped 297,885 single-family homes and condominiums last year. That marked a 7.7% decline from 2023 and a 32.4% decline from the recent peak of nearly 441,000 flips in 2022.
Much of the latest economic and market data falls into the "good news, bad news" category, but improved home sales and stable mortgage rates offer hope.
Much of the latest economic and market data falls into the "good news, bad news" category, but improved home sales and stable mortgage rates offer hope.
Only 24 hours after a sweeping move to transform the governing boards at the government-sponsored enterprises Fannie Mae and Freddie Mac , a board member with links to Elon Musks business empire and the U.S. DOGE Service who was appointed just the day before has left the board at Fannie Mae. Christopher Stanley, a cybersecurity engineer who has ties to Musks SpaceX , was one of the people appointed to Fannie Maes board following a move by new Federal Housing Finance Agency (FHFA) Director Bill P
As buyers cautiously reentered the market, existing-home sales rose 4.2 percent from January to 4.26 million, according to data released Thursday by NAR. Compared to last year, sales remained down by 1.2 percent.
Retirees and advocates for older Americans are expressing unease and bewilderment at a series of announcements made by the Social Security Administration (SSA). The agency is seeking to implement new in-person identity verification requirements and plans to close more than two dozen field offices across the country, according to CBS News. On Wednesday, SSA announced that any Social Security beneficiary who cannot properly verify their identity using its online service will have to journey to one
Weichert Real Estate Affiliates, Inc. (WREA) has announced its international expansion through a licensing agreement with HomeLovers, a real estate company based in Lisbon, Portugal. The partnership marks a milestone as the Weichert brand enters the international residential real estate market for the first time. This is a remarkable milestone for our Weichert organization, said… The post Weichert Signs First International Licensee; Expands Brand to Portugal appeared first on RISMedia.
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.
eXp World Holdings , the parent company of eXp Realty , announced this week that it has appointed Jesse Hill as its interim chief financial officer. The leadership change is effective April 1 as the current CFO, Kent Cheng, transitions into an advisory role. Hill is a veteran finance leader in the real estate industry. He currently serves as vice president of international finance and corporate financial planning and analysis at eXp Realty.
Rent growth for single-family homes ramped up at the start of 2025, according to a new report by CoreLogic. The data provider’s Single-Family Rent Index showed that rent prices jumped 2.4% during the year ending in January. January’s rent increase is only slightly higher than December’s increase of 2.1%. It’s also slightly lower than the 2.6% growth in January 2024, according to CoreLogic.
Existing home sales in February increased to the second highest level since March 2024, according to the National Association of Realtors (NAR). This rebound suggests buyers are slowly entering the market as inventory improves and mortgage rates decline from recent high in January. Despite rates easing, economic uncertainty may continue to constrain buyer activity.
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.
Blue Ridge Bankshares Inc. , the holding company for Blue Ridge Bank and BRB Financial Group Inc. , on Thursday announced that Blue Ridge Bank has entered into a definitive asset purchase and sale agreement to sell certain assets of its mortgage division. A press release from Blue Ridge confirmed that the division, currently operating as Monarch Mortgage , is being sold to an unrelated third-party mortgage company.
This week, Windermere Real Estate Principal Economist Jeff Tucker looks at active listings, inflation and mortgage rates, which spell out "a recipe for pretty good shopping conditions for buyers" this spring.
Rocket Companies hopes to close a $1.75 billion deal to acquire resi brokerage and portal Redfin in Q2 or Q3 2025. It seems that everyone in mortgage and real estate has an opinion about Rocket Mortgage ‘s pending $1.75 billion deal for Redfin. At the ICE Experience 2025 conference, the halls of the Wynn casino were replete with downright spicy takes. “ It won’t do much now because their market shares are relatively small, but in a couple years they’re going to have a wal
A 10-story hotel, one of a handful of buildings in Brooklyn and beyond to use geothermal heating and cooling, is progressing in Bushwick, with opening slated for the summer, according to the developers. After years of fits and starts, there is now a full grey concrete building, with large windows… Read More > The post Geothermal Hotel Work Continues in Bushwick for Summer Opening appeared first on Brownstoner.
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.
The Georgia-based Tim Stout Group is making the move to eXp Realty , according to an announcement on Wednesday. The team, which is named after its leader and founder Tim Stout, was previously brokered at True North Real Estate Advisors. He founded the team while at RE/MAX before moving to Keller Williams and then Compass. Stout and his 16 agents, all of whom are making the move to eXp , closed 208 units for over $70 million in volume in 2024, according to the release.
The real estate industry is now opening doors for women like Martice Brumfield to step in and create their own financial futures through ownership, investment and professional careers, Melanie Klein writes.
Policies related to appraisal appeals, or reconsiderations of value (ROV), were rescinded Wednesday by the Federal Housing Administration (FHA). While the adoption of a standardized ROV policy was one that real estate appraisers understood and was generally good for appraisers and consumers, the issues associated with appraisal appeals will continue to evolve without the FHA policy, said Bill Garber, director of communications for the Appraisal Institute.
TorontoRealtyBlog Here’s a fun story! I purchased a vintage hockey card last month and I think it was a win. It’s really tough to tell in this asset class since the “value” is hard to define. But just to throw some example numbers out there, let me explain… Let’s say that I was offered this card for $10 by a dealer that I know and trust.
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.
Truework bolstered its mortgage technology platform by creating a new tool, Truework Intelligence, the company announced on Thursday. The platform will give property managers and mortgage lenders access to a comprehensive, end-to-end verification tool. Truework calls the new and improved platform the first automated and comprehensive income verification tool.
After a slightly disappointing start to 2025, existing-home sales data reversed in February, seeing a rise in line with what was observed throughout much of the latter part of 2024. Existing-home sales rose 4.2% from a rate of 4.08 million in January to 4.26 million in February, according to the latest data from the National… The post Existing-Home Sales Rise in February; Outlook Positive for Year Ahead appeared first on RISMedia.
Fairway Independent Mortgage Corp. on Thursday announced that Amy Slotnick has been promoted to the role of president of national branch optimization for sales. Slotnick has previously served Fairway as a senior vice president and regional sales manager. Her new position will involve implementing new initiatives for loan manufacturing efficiencies throughout the Fairway sales network while continuing to originate loans from her Newton, Massachusetts , location.
Mortgage rates remained steady this week, in a holding pattern in the mid-sixes now for several weeks. The latest Primary Mortgage Market Survey (PMMS) released by Freddie Mac Thursday shows the 30-year fixed-rate mortgage (FRM) averaging 6.67%, up slightly from last weeks average of 6.65%. “The 30-year fixed-rate mortgage has stayed under 7% for nine… The post Mortgage Rates Remain Steady appeared first on RISMedia.
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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