Housing Wire
DECEMBER 22, 2023
New home sales missed sales estimates , but the builders’ stocks have been roaring higher. What gives? There are two key things to remember before I go into the report’s details. Mortgage rates rising to 8% in October impacted the data line, which I spoke about on CNBC recently. Also, new home sales are notorious for big positive and negative prints that tend to get revised.
Keeping Current Matters
DECEMBER 22, 2023
As you get ready to sell your house, there are a few things you should add to your to-do list to make it inviting and boost curb appeal.
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Housing Wire
DECEMBER 22, 2023
Entering the real estate finance world in the summer of 2022 as a 23-year-old, I immediately felt like a fish out of water. Attending industry-related conferences and visiting clients, I was typically the only person in the room under the age of 30. Our industry is full of professionals with decades of experience, but with that much experience often comes difficulty with connecting and understanding the next-generation consumer.
Real Estate News
DECEMBER 22, 2023
Jay Thompson's 3 essentials for landing at the right firm: Define your needs, understand the different brokerage models, and go deep during interviews.
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
DECEMBER 22, 2023
The year ahead promises to offer the housing industry some relief, compared with a grueling 2023, but it is likely to be only a small bounce forward toward a healthier market. The housing industry, including the secondary market it feeds, is still likely to be sluggish in 2024, with marginal improvements in some sectors as others tread water or retreat slightly, industry players who spoke with HousingWire predict.
Inman
DECEMBER 22, 2023
Illinois-based Dovenmuehle Mortgage, which collects monthly payments from homeowners in all 50 states on behalf of lenders and investors, says it's cutting HQ staff but not closing down.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Inman
DECEMBER 22, 2023
Two days after being hit by a cyberattack, the title insurance giant says it's still trying to restore operations and warns clients that it's taken its email system offline.
Housing Wire
DECEMBER 22, 2023
Facing a challenging housing market can be daunting for agents and loan officers alike. As industry professionals grapple with uncertainties, market shifts and evolving dynamics, the key to thriving lies not only in adapting to change but also in embracing it as an opportunity for growth. I’ve seen every market shift imaginable as an agent, team leader and executive in the brokerage , mortgage and proptech space.
Inman
DECEMBER 22, 2023
If you truly want to have your best year ever in 2024, writes Jimmy Burgess, develop your plan of action and execute on your plan. Here's his blueprint for the new year.
Housing Wire
DECEMBER 22, 2023
Wilmington, North Carolina -based Cape Fear Realtors has appointed an interim CEO. Janet Kane will take the helm at the 3,500-member strong Realtor association starting on Jan. 2, 2024, according to an announcement on Thursday. “Engaging leadership, staff, and stakeholders and ensuring they feel supported, valued, and connected has always been a top priority for me as a leader and is the key to success,” Kane said in a statement.
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Inman
DECEMBER 22, 2023
Colony Ridge, the developer of more than 40,000 lots northeast of Houston, says its clients have no opportunity to get a loan from anyone else and dismisses federal lawsuit as baseless.
Housing Wire
DECEMBER 22, 2023
Williston Financial Group is closing out 2023 with yet another acquisition. The firm announced Thursday that MyHome , a WFG subsidiary, has acquired technology and marketing services provider Volly. The financial terms of the deal were not disclosed. “Since inception, both WFG and MyHome have been dedicated to providing transparency and empowerment to all mortgage transaction participants,” Steve Ozonian , the CEO and president of WFG, said in a statement.
Inman
DECEMBER 22, 2023
AsterKey is a fintech app with real estate applications, the most notable being its ability to produce a secure, verified proof of funds letter while greatly minimizing the risk of exposure or fraud.
Bigger Pockets
DECEMBER 22, 2023
Owning a property doesn't mean you automatically have rights to it. If someone can claim they've squatted on the property for many years and you did nothing about it, they may take possession of it with adverse possession laws.
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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
DECEMBER 22, 2023
Alexandra Newman, MaryElizabeth Smith and Amit Golriz have left Corcoran to start a new mega team at SERHANT. with four additional Corcoran agents making the move with them.
Bigger Pockets
DECEMBER 22, 2023
A rent-to-own home is a home renters lease with the option to purchase it after a specified period. The own part of the contract usually has a two- to-four-year timeline, and the lease part typically requires higher rent than the market rental rate.
Inman
DECEMBER 22, 2023
According to Realtor Trina Gonzales-Van, additional fees to buyers, especially in marginalized communities, has the potential to create more barriers to homeownership.
Bigger Pockets
DECEMBER 22, 2023
The NACA Mortgage program helps thousands of people purchase homes every year. They offer below-market mortgage rates and financial counseling programs to help more people take advantage of homeownership.
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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
DECEMBER 22, 2023
Sales of newly built single-family homes fell 12.2 percent between October and November to an annual rate of 590,000, but lower interest rates may bring relief.
Bigger Pockets
DECEMBER 22, 2023
If you don’t meet the loan terms you agreed to when you closed on your mortgage, you are in mortgage default. The most common way is to miss your monthly principal and interest payments.
Inman
DECEMBER 22, 2023
Challenging times are not a signal to retreat but an invitation to innovate and explore new avenues, writes The Agency President Rainy Hake Austin. Embrace the learning opportunities they bring.
Bigger Pockets
DECEMBER 22, 2023
When done right, investing in mobile homes can be a profitable way to add to your real estate portfolio. Check out everything you must know about mobile home investing to see if it's right for you.
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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
DECEMBER 22, 2023
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.
Bigger Pockets
DECEMBER 22, 2023
A ground lease can be a good option for landlords or property owners who want prime locations, but not understanding what a ground lease is and how it works can be detrimental.
Eye on Housing
DECEMBER 22, 2023
Elevated mortgage rates acted as a drag on new home sales in November, but with the economy now apparently past peak interest rates for this cycle, sales are expected to rise as we move into the new year. Sales of newly built, single-family homes in November fell 12.2% to a 590,000 seasonally adjusted annual rate, according to newly released data.
Calculated Risk Real Estate
DECEMBER 22, 2023
After the National Association of Realtors® (NAR) releases the monthly existing home sales report, I pick up additional local market data that is reported after the NAR. This is the final look at local markets in November. I’ve added a comparison of active listings, new listings, and closings to the same month in 2019 (for markets with available data).
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Brownstoner
DECEMBER 22, 2023
A new 100 percent affordable housing development planned for Rutland Road in East Flatbush dubbed Utica Crescent is moving forward, having secured a new-building permit and construction funding. The Utica Crescent complex is being built with state-financed tax-exempt bonds and subsidies as part of the Vital Brooklyn Initiative. The 12-story, two-building… Read More > The post Fully Affordable Development Utica Crescent to Bring 322 Apartments to East Flatbush appeared first on Brownsto
Realty Biz
DECEMBER 22, 2023
Are you passionate about turning bricks and mortar into dreams come true? Do you envision yourself navigating the dynamic world of real estate, helping people find their perfect havens? If so, your journey begins with Jooble.com, the job search platform poised to be your compass in the exciting labyrinth of real estate careers. Forget the days of scouring endless job boards and chasing leads through foggy channels.
Brownstoner
DECEMBER 22, 2023
Historian, preservationist, and longtime Brownstoner columnist Suzanne Spellen returned to Brownstoner for a regular monthly column this summer, bringing in-depth stories of Brooklyn's history and architecture every month. If you missed her 2023 columns or her features in the Brownstoner print magazine, we've rounded them up for some winter reading… Read More > The post Suzanne Spellen’s Tales of Brooklyn History and Architecture in 2023 appeared first on Brownstoner.
Realty Biz
DECEMBER 22, 2023
Hudson Companies and the New York City Department of Housing Preservation and Development today announced the opening of the housing lottery for six affordable studio units at 520 West 48th Street, an acclaimed building in the heart of Hell’s Kitchen. The six affordable studio units at The Clinton available are set at an area median income range of 130 percent at $2,600 monthly rent and eligible incomes between $89,143 and $146,900 for households of one to two people.
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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