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.
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.
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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
While interest rates continue to edge down, sales have not picked up heading into summer: “This will take many years to work itself out.
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
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
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.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
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.
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.
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.
Housing Wire
JUNE 27, 2024
Dominion Financial Services , a Baltimore -based private lender with products tailored to real estate investors , has launched a third-party origination program for mortgage brokers, according to an announcement on Thursday. “This marks a significant milestone in the company’s commitment to expanding its reach and fostering partnerships within the real estate investment industry,“ the company said in its announcement.
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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
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
In the constantly evolving real estate landscape, Multiple Listing Services (MLSs) today face a significant challenge: agent attrition. As interest rates have remained comparatively high and property prices have soared, the for-sale market has stalled, resulting in many agents now selling only a few properties a year. Nearly half (approximately 49 percent) of about 2,000 real estate agents surveyed by the Consumer Federation of America sold fewer than two homes last year.
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.
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.
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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
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
Mortgage data provider Optimal Blue this week announced the launch of Competitive Data License, a product that is designed to help lenders price loans accurately and drive profitability. In its announcement, the Texas -based company described the product as “a collection of key national mortgage pricing data that enables lenders to price products competitively, operate more profitably, and react swiftly to changing market conditions.“ Competitive Data License draws upon data from the Optimal Blu
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.
Eye on Housing
JUNE 27, 2024
Total (new and existing) home inventory is an important measure for gauging and forecasting home prices and home construction impacts. The intuition is clear: more inventory yields weaker or declining home price growth and home building activity. Lean inventory levels lead to price growth and gains for home building. The metric “months’ supply” is a.
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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
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
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
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
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.
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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
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
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.
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
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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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
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
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.
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.
RIS Media
JUNE 27, 2024
RISMedia garnered several special recognitions recently from The National Association of Real Estate Editors’ (NAREE) 2024 Journalism Competition held during its annual conference, this year in Austin, Texas June 18-20. This prestigious competition, now in its 74th year, recognizes excellence in reporting, writing and editing stories about residential and commercial real estate.
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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