Housing Wire
SEPTEMBER 19, 2024
Real estate agents have white-knuckled their way through more than two years of suffocatingly high mortgage rates that have stymied sales, choked off inventory and pushed home prices to new all-time highs. So what was the reaction from agents when the Federal Reserve surprised everyone by cutting rates by 50 basis points rather than the 25 that was taken as a given?
Keeping Current Matters
SEPTEMBER 19, 2024
If you’ve been hesitant to list your house because you’re worried no one’s buying, here’s your sign it may be time to talk with an agent.
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Housing Wire
SEPTEMBER 19, 2024
Like the traditional forward space, the reverse mortgage industry has been operating in an elevated interest rate environment for some time. While news of the Federal Reserve lowering its benchmark interest rate by 50 basis points (bps) to a range of 4.75% to 5% will have wider economic ramifications in the government’s ongoing efforts to fight inflation, there are expected benefits to the reverse mortgage business as well as the demographic it serves: seniors on a fixed income.
Real Estate News
SEPTEMBER 19, 2024
A home’s layout and natural light are important, but a new survey reveals what people refuse to give up — and how many of them can stick to their budgets.
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Housing Wire
SEPTEMBER 19, 2024
With home sale prices continuing to rise, wire fraud prevention firm CertifID announced Thursday that it is increasing its direct, first-party insurance coverage maximum to $2 million. This means that up to $2 million of a wire transfer verified by CertifID can receive direct, first-party insurance coverage. The company said this change is the result of increasing transaction sizes being processed by both residential and commercial real estate companies, and that it “is backed by the largest ins
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
SEPTEMBER 19, 2024
The Alabama Association of Realtors (AAR) is asking the National Association of Realtors (NAR) to provide greater flexibility by allowing members to decide which levels of Realtor associations they would like to join. AAR made the request in a letter sent Monday to NAR CEO Nykia Wright. AAR CEO Jeremy Walker and President Senia Johnson signed the letter.
Real Estate News
SEPTEMBER 19, 2024
Economists are divided over whether rates will continue to drop — and whether “the dam is going to break” and unleash a flood of buyers.
Housing Wire
SEPTEMBER 19, 2024
Artificial intelligence (AI) is becoming an increasingly common tool for consumers and businesses, primarily in reference to chatbots that can dynamically mimic human conversation and gather information. It could also have applications for aging in place , according to the leader of a senior care company. Jeff Salter, founder and CEO of Caring Senior Service , which provides in-home care services, will speak about the potential applications of AI for aging in place at an upcoming event hosted by
Inman
SEPTEMBER 19, 2024
The two real estate platforms have been growing on the same trajectory at Keller Williams for more than a decade, their founders said, and during this challenging period in the industry, it made sense to combine forces.
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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 19, 2024
Heartland Bank , the leading reverse mortgage lender in Australia and New Zealand , will rebrand its dedicated reverse mortgage division from “Heartland Finance” to “Heartland Bank” following a recent acquisition and a repositioning of its offerings. “We are excited to deliver the Heartland Bank brand to our reverse mortgage customers,” said Medina Cicak, the bank’s newly appointed chief commercial officer.
Real Estate News
SEPTEMBER 19, 2024
Existing homes sales were down 4.2% year-over-year as prices kept climbing, keeping buyers sidelined. The good news: Inventory continues to build.
Housing Wire
SEPTEMBER 19, 2024
The Federal Reserve ’s interest rate cut on Wednesday, which was larger than some people expected, couldn’t have come at a better time for the housing market. After a modest monthly uptick in July, existing-home sales fell 2.5% in August to a seasonally adjusted annual rate of 3.86 million, according to the National Association of Realtors (NAR). That was a 4.2% decline compared to one year ago.
Inman
SEPTEMBER 19, 2024
"It is time to allow members the ability to choose where they allocate their membership and dues dollars between the local, state and national levels," Alabama Realtors wrote to NAR on Tuesday.
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Housing Wire
SEPTEMBER 19, 2024
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Justice (DOJ) announced this week that they have secured a $15 million conciliation agreement with New Jersey-based OceanFirst Bank to settle allegations of discriminatory redlining in certain neighborhoods with majority Black, Hispanic and Asian populations. “ Redlining is an illegal practice in which lenders avoid providing credit services to individuals living in communities of color because of the race, col
Inman
SEPTEMBER 19, 2024
Fed easing was already priced into mortgage rates, but there's room for more relief if investors who fund most home loans get less skittish about prepayment risk and quantitative tightening.
Housing Wire
SEPTEMBER 19, 2024
The talk of this election season has rightfully been on affordable housing. Simultaneously, I have heard this common refrain from eager homebuyers: “I qualify for an FHA (or VA ) home loan, but I’m having a hard time getting my offer accepted by a home seller. Why?” Have you ever heard that before or some variation? If so, then you probably know the answer can be summed up in four words: “Source of income” discrimination.
Inman
SEPTEMBER 19, 2024
As part of eXp, Grand Lux Realty will operate out of White Plains, New York. Founder Michael Levy touted eXp's technology as one of the brokerage's selling points.
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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.
Housing Wire
SEPTEMBER 19, 2024
The overall critical defect rate for mortgages increased in the first quarter of 2024, ending five consecutive quarters of decline. But the increase itself was relatively modest and the share of loans with defects now stands at 1.58%, according to a report released Thursday by ACES Quality Management. The company’s Mortgage QC Industry Trends Report analyzes post-closing quality control data taken from its Quality Management & Control software platform.
Inman
SEPTEMBER 19, 2024
Jared Schwadron operates in New York City, the Hamptons and Miami and is the latest get for Compass as it competes to build a roster of top agents in lean times.
Housing Wire
SEPTEMBER 19, 2024
Real estate industry veteran Jamie Duran is making the move to eXp Realty. On Wednesday, EQTY | Forbes Global Properties , a California -based luxury real estate team brokered with eXp, announced that Duran has been hired as the firm’s director of global growth. “Our ability to private label with eXp Realty has enabled us to elevate luxury real estate in Southern California and beyond, providing our clients with an exceptional experience that is truly unmatched in the industry,” Mike
Inman
SEPTEMBER 19, 2024
Great team leaders focus on business development and agent development, and the results can be staggering, coach Verl Workman writes.
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Housing Wire
SEPTEMBER 19, 2024
Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. In this article, we’ll show you exactly how to convert unrepresented sellers into listings and sales with our proven FSBO scripts. These scripts come from our experience — not just coaching agents but as experienced brokers with long real estate careers.
Inman
SEPTEMBER 19, 2024
The managing broker of Texas at Side said that luxury buyers in particular seem to understand the value of compensating their real estate agents.
RIS Media
SEPTEMBER 19, 2024
More signs point to more favorable housing costs this week as average mortgage rates continued to fall, following an aggressive half a point cut to interest rates announced by the Federal Reserve on Wednesday. The 30-year fixed-rate mortgage (FRM) averaged 6.09% this week, down from 6.20% last week, according to the latest Primary Mortgage Market… The post Mortgage Rates Continue to Fall, Driving Activity for Purchases, Refinances appeared first on RISMedia.
Inman
SEPTEMBER 19, 2024
Chris Pollinger shares powerful strategies to retain and motivate your real estate agents, even as listings hit all-time lows. Learn how to keep your team engaged and thriving during tough market conditions.
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.
Brownstoner
SEPTEMBER 19, 2024
The pictures aren't great but this prewar HDFC co-op offers a lot of space for the moolah. The two-bedroom walkup is on the third floor of 110 Cambridge Place in the Clinton Hill Historic District. Originally known as The Wyoming, it was built in 1914 along with its neighbor, The Montana,… Read More > The post Clinton Hill HDFC Co-op With Dining Room, High Ceilings Wants $675K appeared first on Brownstoner.
Inman
SEPTEMBER 19, 2024
The addition brings upwards of 200 agents to Compass' ranks and gives the brokerage a strong position in the state's luxury market. Compass will also launch new offices in Chandler and Flagstaff in 2025.
Brownstoner
SEPTEMBER 19, 2024
Comb the well-preserved blocks of Stuyvesant Heights and pick up some knowledge of the architectural and social history of the neighborhood with a walking tour from the Municipal Art Society. At one time a suburban retreat of villas, Stuyvesant Heights is filled with impressive townhouses and apartment buildings designed by some… Read More > The post Explore the History and Architecture of Stuyvesant Heights With a Walking Tour appeared first on Brownstoner.
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