Housing Wire
MAY 3, 2024
The business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement ,will go into effect on Aug. 17, 2024, according to a letter sent to members on Friday by NAR chief legal officer Katie Johnson. Originally, the trade group had said the practice changes would go into effect in mid-July.
Real Estate News
MAY 3, 2024
The organization has revised its MLS handbook and beefed up its FAQ to help explain what’s changing, while giving NAR members until Aug. 17 to comply.
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Housing Wire
MAY 3, 2024
Friday’s jobs report came in as a miss of estimates and wage growth came in lower than expected. The labor market isn’t tight anymore and that will eventually be good news for mortgage rates. After last month’s jobs report, I talked about the path the Federal Reserve could take to land the plane based on wage growth data slowing down and getting closer to the Fed’s model.
Keeping Current Matters
MAY 3, 2024
Having a hard time finding a home in your budget? Builders may have a solution that can help.
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.
Housing Wire
MAY 3, 2024
A bill that will permanently allow for remote reverse mortgage counseling via telephone or video conferencing services in the state of Massachusetts has been signed into law by Gov. Maura Healey (D), doing away with a strict face-to-face requirement that has stretched the state’s counseling resources and, at times, halted reverse mortgage business within the state.
Inman
MAY 3, 2024
The massive trade organization promised in March to make various policy changes as part of a landmark settlement. The rules will now roll out slightly later than expected.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Inman
MAY 3, 2024
As we move forward together, eXp's Kendall Bonner writes, demonstrating a higher level of knowledge and expertise is essential for conveying your worth to potential clients.
Housing Wire
MAY 3, 2024
The U.S. economy added 175,000 jobs in April, less than in March and below what economists had expected. April’s rate also fell below the average monthly gain of 242,000 over the prior 12 months. Meanwhile, the change in total nonfarm payroll employment for March was revised up by 12,000, from 303,000 to 315,000, according to data released by the B ureau of Labor Statistics on Friday.
Inman
MAY 3, 2024
Rising population rates and a shrinking racial wealth gap have led to a rise in new mortgage applications among homebuyers of color, according to Redfin's latest report.
Housing Wire
MAY 3, 2024
The tri-state area of New York , New Jersey and Connecticut may face a housing gap of 920,000 units by 2035, a new report published by the Regional Plan Association (RPA) found. The analysis, conducted by McKinsey & Co. , highlights a current shortage of 540,000 housing units in the region. To address this looming crisis, the pace of construction will need to increase significantly, the report states.
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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
MAY 3, 2024
Real estate coach Jonathan Lack shares insights for what agents can do in the next 30, 60 and 90 days to perform at a higher level in the wake of commission lawsuit settlements.
Housing Wire
MAY 3, 2024
In real estate , short-term rentals (STRs) have carved a niche that extends far beyond the heyday of basic room rentals. This market has transformed in recent years, offering travelers a range of unique experiences while providing property owners with an appealing stream of income. While it may seem like short-term rentals are a recent phenomenon, their roots trace back to the 1950s.
Inman
MAY 3, 2024
Now more than ever, real estate needs innovators like you. Nominations for the 27th annual Inman Innovator Awards close May 17. Don't let the industry's next great idea fall through the cracks.
Housing Wire
MAY 3, 2024
eXp Realty has acquired Broker’s LLC , a 500-agent independent brokerage based in South Florida and founded by Claudia Serna, eXp announced on Thursday. “Claudia’s impressive track record and the entrepreneurial spirit of Broker’s LLC align perfectly with our values and vision,” Leo Pareja , CEO of eXp Realty, said in a statement. “Claudia personifies determination, having immigrated from Colombia with less than $500 and a dream to start her own business so that she could lead with her values of
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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
MAY 3, 2024
Supra One is “all-new” and fully integrated with the company’s home showing system, a product that allows for simple online home tour scheduling, access details, collaboration features, ongoing showing insights, agent name and concise calendar management.
Housing Wire
MAY 3, 2024
The dismal 2024 mortgage market has one very silver lining: $32 trillion in home equity. Jim Deitch, co-founder and CEO at Teraverde , sees a golden opportunity for lenders who are prepared to serve homeowners with innovative options. “The biggest year of mortgage production , from 2021-2022, generated $4.5 trillion. Compare that with $30 trillion in financeable equity — it dwarfs it.
Inman
MAY 3, 2024
Caballero sold 7,012 homes totaling $3.638 billion in volume at an average of more than 19 individual homes every day of the year.
Housing Wire
MAY 3, 2024
The Federal Housing Administration (FHA) on Friday published Mortgagee Letter 2024-08 , which extends a foreclosure moratorium on the Hawaiian island of Maui through Aug. 4, 2024, for FHA-insured forward mortgages and Home Equity Conversion Mortgages (HECMs). The moratorium, initially scheduled to expire on May 6 after a previous extension, has been pushed out 90 days in recognition of the continued recovery efforts taking place after wildfires on the island in the summer of 2023.
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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
MAY 3, 2024
Nominations for luxury's most prestigious award close on May 17. But there are plenty of ways to ensure your name is synonymous with quality and unmatched expertise. Submit nominees today.
Housing Wire
MAY 3, 2024
Thanks to high mortgage rates , mortgage refinance rates, and even higher home prices , the vibe among homebuyers has been fairly bleak these past couple months. In Fannie Mae ‘s most recent National Housing Survey, only 17% of consumers said they think it’s a good time to buy a home. To that I say, timing is everything in real estate. And right now, prospective homebuyers find themselves in a unique window of opportunity.
Inman
MAY 3, 2024
This week we got our first glimpse into some of the practical, procedural changes that we'll see in the aftermath of NAR's commission lawsuit settlement.
Housing Wire
MAY 3, 2024
No matter where you are in the Tar Heel State, real estate professionals across North Carolina are frustrated by the lack of housing inventory. “The challenge remains lack of inventory — that’s definitely the big one,” said Alison Alston , the broker-owner of Charlotte-based Lodestone Real Estate and Investments. “We have just not had any luck getting a lot of inventory increase here in Charlotte.
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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
MAY 3, 2024
Nearly two months after beta testing, Seattle-based brokerage Redfin has launched its artificial intelligence-powered home search assistant, Ask Redfin, nationwide. Homebuyers using Redfin's Apple iOS app will automatically see Ask Redfin on a home's listing page after completing a quick update.
Housing Wire
MAY 3, 2024
Earlier this week, Zillow launched a new “touring agreement,” a nonexclusive contract for buyers and agents to use for home tours. The real estate giant was prompted to do this by the terms of National Association of Realtors’ (NAR) commission lawsuit settlement agreement which requires agents to have a written agreement with a client in order to work with them as a buyer broker.
Inman
MAY 3, 2024
Rates have been in retreat as bond market investors who fund most mortgage loans react to the latest economic news and scaleback in tightening by Fed policymakers.
RIS Media
MAY 3, 2024
In a letter to members, National Association of REALTORS® (NAR) Chief Legal Officer Katie Johnson announced practice changes required under the NAR Settlement Agreement in the seller commission cases will take effect in August not July as originally stated, giving all parties involved a three-month window to adapt. She also outlined how the practice changes… The post BREAKING: NAR Settlement-Required Practice Changes Pushed to August 17 appeared first on RISMedia.
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BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.
Inman
MAY 3, 2024
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.
RIS Media
MAY 3, 2024
Despite all the many accomplishments Reliance has achieved over its first 20-plus years, there is one person in particular who remains fairly indifferent. That would be CEO Sean McRae. It’s not that he isn’t proud of what he’s helped build, because he is. It’s more that he prefers to focus purely on looking forward, not… The post Revolutionizing the Industry with AI Solutions appeared first on RISMedia.
Inman
MAY 3, 2024
Join Maris Messervey as she reveals expert strategies for showcasing authentic value and growing your business on social media.
HomeLight
MAY 3, 2024
As the week before closing on a house approaches, the countdown begins. Whether you’re a buyer eagerly waiting to start a new chapter or a seller preparing to hand over the keys, these seven days can create excitement or anxiety. But what happens the week before closing on a house? This guide outlines what to expect. From the final walkthrough to managing utilities, we share expert tips to help you be prepared and prevent last-minute surprises.
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.
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