Housing Wire
JUNE 27, 2024
After rising in March , pending home sales continued to slide in May, with the Pending Home Sales Index (PHSI) posting its second consecutive month of declines to reach a record low, according to data released Thursday by the National Association of Realtors (NAR). The PHSI fell 2.1% from April to a reading of 70.8 in May, which was down 6.6% on a yearly basis.
Real Estate News
JUNE 27, 2024
While interest rates continue to edge down, sales have not picked up heading into summer: “This will take many years to work itself out.
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Housing Wire
JUNE 27, 2024
In a statement released Wednesday night, REcolorado warned Denver-area Realtors that outside ownership of the local MLS could bring added uncertainty during an already uncertain time and suggested that their data could be compromised. The company’s statement says it supports the effort to decouple the local MLS from the two local Realtor associations that own it — Denver Metro Association of Realtors (DMAR) and the South Metro Denver Realtor Association (SMDRA).
Real Estate News
JUNE 27, 2024
A statement from REcolorado says its potential sale to a private equity firm is not the best way to separate MLSs from Realtor association ownership.
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Housing Wire
JUNE 27, 2024
The great state of Texas may not be the first place that comes to mind when it comes to buying waterfront real estate, but a little town near Austin has been judged as the best one for it. That’s according to a new study from Virtual Staging AI , which named Lakeway, Texas, as the best location in the country for buying a waterfront home. Lakeway sits just west of Austin in the Hill Country and rests next to Lake Travis.
Real Estate News
JUNE 27, 2024
The Consumer Federation of America blasted C.A.R.’s agreement but praised eXp’s contract. A CFA Fellow told Real Estate News he was “stunned” by the contrast.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Keeping Current Matters
JUNE 27, 2024
When you decide to buy your first home, you may come across a number of terms and conditions you’re not familiar with.
Housing Wire
JUNE 27, 2024
Global credit rating agency DBRS Morningstar this week assigned a “good” rating to Longbridge Financial , reconfirming the ranking the company first achieved in 2021. The rating is officially classified as “MOR RVO2” by Morningstar. The agency noted that in 2023, Longbridge acquired or originated more than 6,500 reverse mortgages for more than $1.1 billion in volume.
Inman
JUNE 27, 2024
Keeping Current Matters' David Childers and Jimmy Burgess crunch the numbers and lay out the reasons real estate agents and brokers could see a post-presidential election sales surge in 2025.
Housing Wire
JUNE 27, 2024
Tal and Oren Alexander have taken leaves of absence from Official Partners , the Side-brokered firm they co-founded, after the brothers were accused of sexual assault in separate lawsuits. The New York Times first reported Tal Alexander’s leave of absence from Official on Tuesday. This came two weeks after his younger brother, Oren, took his own leave of absence.
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Inman
JUNE 27, 2024
President of The Real Brokerage says agents are living in a "small hinges swing big doors" world and that Inman Connect Las Vegas can help them learn a little skill that can move the needle a lot.
Housing Wire
JUNE 27, 2024
The median monthly payment for purchase mortgage applicants decreased to $2,219 in May, down 1.6% from the prior month , according to data released Thursday by the Mortgage Bankers Association (MBA). ”Homebuyer affordability conditions improved in May as slightly lower mortgage rates and an uptick in housing inventory slightly eased the recent rise in application payment amounts,” Edward Seiler, MBA’s associate vice president of housing economics, said in a statement.
Inman
JUNE 27, 2024
Elevated mortgage rates continued to curb homebuyer activity in May, NAR reported. As inventory increases in upcoming months, slower home price growth will follow, and likely more buyers hitting the market.
RIS Media
JUNE 27, 2024
No one said change would be easy. Many real estate organizations find that to be truer than ever about buyer representation agreements, as some REALTOR® organizations have come under fire for their attempts to abide by incoming policy changes. That has been the case for the California Association of REALTORS® (CAR), which was heavily criticized… The post ‘Unreadable’ California Buyer Contract Sparks Debate on Transparency appeared first on RISMedia.
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Strategic real estate professionals know that the name of the game right now is to stay informed, adaptable, and ready to make confident decisions. In this free download, Inside Real Estate CEO, Joe Skousen, shares what he believes are the top 4 most impactful actions in real estate right now. We've been actively engaging with industry experts, analyzing data, and listening intently to the experiences of our agents on the ground.
Inman
JUNE 27, 2024
The clock is ticking on implementation of the NAR commission lawsuit settlement. Team leader Carl Medford outlines what buyer agents need to know to be successful under the new rules of the road.
RIS Media
JUNE 27, 2024
Selling a townhouse? A thorough home inspection can ensure a smooth transaction. Knowing what inspectors look for helps you address issues beforehand. I will provide the following information to help navigate the townhouse inspection process: The importance of a pre-sale inspection Detailed checklists for inspecting key areas Steps to prepare for an inspection and how… The post Home Inspection Tips for Townhouse Sellers appeared first on RISMedia.
Inman
JUNE 27, 2024
The complaints, filed by a San Diego resident, seek class-action status and accuse the real estate companies of violating state and federal privacy laws due to their use of third-party tracking pixels.
RIS Media
JUNE 27, 2024
A judge in the Southern District of New York paused two key commission cases on June 26 after an extensive back and forth between plaintiffs, defendants and the judge, in a decision that could resonate around the country as Burnett copycats play out in the shadow of the larger agreements struck by the National Association… The post NYC Commission Cases Paused as Parties Spar Over Jurisdiction, NAR Settlement appeared first on RISMedia.
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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
JUNE 27, 2024
The typical home sold for 0.3 percent less than the original asking price in the past month, according to a new report from Redfin.
RIS Media
JUNE 27, 2024
In the current uncertain environment, it is more important than ever that we as an industry communicate the critical role housing plays in the U.S. economy. I am probably biased, since I am a researcher, but I believe there needs to be more data-backed, evidence-based analysis to help cut through some of the misconceptions and… The post More Evidence, Less Anecdote appeared first on RISMedia.
Inman
JUNE 27, 2024
Effective immediately, listing brokers and agents can submit for-sale listings to the MLS without offering any cooperating compensation to the buyer broker.
RIS Media
JUNE 27, 2024
The averaged 30-year-fixed-mortgage rate stepped down for the fourth-straight week, dipping to 6.68% from 6.87% last week and marking its lowest point in the last three months, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: The 30-year FRM averaged 6.86% as of June 27, 2024, down… The post Mortgage Rates Dip for Fourth Week Straight, Hit Lowest Level in 3 Months appeared first on RISMedia.
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Inman
JUNE 27, 2024
Luxury advisor Chris Pollinger shares strategies built around PR, marketing and events so you can leverage the power of publicity and grow your real estate business.
RIS Media
JUNE 27, 2024
Editor’s Note: The Buyer-Agent Playbook is a new iteration of RISMedia’s biweekly Playbook segment, specifically centering on buyer agency and how agents are navigating the changes and trends in a post-NAR settlement environment. The series will provide brokers and agents with insights and information to ensure they not only survive but thrive in these challenging… The post The Buyer Agent Playbook: Winning Strategies When First Meeting Potential Clients appeared first on RISMedia.
Inman
JUNE 27, 2024
Most real estate professionals expect commission splits at their brokerage to remain unchanged for a while longer. As for the rest, many have conflicting opinions on what kind of change is coming.
RIS Media
JUNE 27, 2024
My real estate career spans over 30+ years, currently as the Senior Leadership Instructor for Better Homes and Gardens Real Estate. During my multiple decades in this business, I’ve been a top producer in the Hall of Fame for selling and have coached and trained thousands of real estate professionals across several brands. I also… The post Assisting First-Time LGBTQ+ Homebuyers appeared first on RISMedia.
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.
Inman
JUNE 27, 2024
Navigating change in the dynamic real estate market, Rainy Hake Austin writes, demands a blend of self-awareness, strategic planning and effective utilization of support systems.
Brownstoner
JUNE 27, 2024
In the News Congestion Pricing Delay Halts Subway Upgrades [NYT] They Thought They Owned Condos. They Never Got the Deeds [NYT] Arrests for Weapons, Drugs in Brownsville Juvenile Detention [BP] Australian Cafe Ruby’s Branching Into Brooklyn [Greenpointers] 83-Year-Old Woman Killed by Turning Truck in Cobble Hill [ABC] There’s a New Way to Get a Guarantor, But… Read More > The post Daily Links: New Developer Might Emerge for Troubled Pacific Park Project appeared first on Brownstoner.
Inman
JUNE 27, 2024
"The U.S. housing market is stuck, and we are not convinced it will become unstuck anytime soon," economists at Bank of America Global Research say of ongoing affordability issues.
RIS Media
JUNE 27, 2024
An expensive market has long been a pressing issue at the forefront of potential home purchases for young homebuyers, and new data from Bright MLS indicates that affordability will be the greatest housing market challenge for the rest of this year. In an update to its housing forecast for 2024, Bright MLS adjusted predictions for… The post Bright MLS Lowers Projections for Sales, Inventory as Affordability Stings Buyers appeared first on RISMedia.
Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.
In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.
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