Housing Wire

JULY 17, 2024

There is no escaping the reality that the recent NAR/Sitzer/Burnett settlements is already changing the real estate world as we know it. Amongst the most substantial terms of that agreement is a blanket ban on the requirement that agents subscribe to MLSs to offer or accept compensation for their work. There has been quite a bit of discussion already about how this will impact the traditional residential purchase.

Purchase and sale agreement 493

Purchase and sale agreement Real-estate owned Agents Brokerage 493

Keeping Current Matters

JULY 17, 2024

If you’re thinking about selling your house, you should know there are buyers who are ready and able to pay today’s high prices.

Agents 325

Agents 325

Housing Wire

JULY 17, 2024

Real estate investor sentiment rose 16% from the prior quarter and 60% of surveyed investors view the current housing market more favorably than a year ago. That was the key conclusion of the Summer 2024 Investor Sentiment Survey released Wednesday by Connecticut-based mortgage lender RCN Capital and conducted by business advisory firm CJ Patrick Co.

Investor 467

Investor Marketing Design As-is 467

Real Estate News

JULY 17, 2024

The TV star and founder of The Agency says running an association is “a pain” but sees opportunities to improve the agent experience and “fragmented” MLS space.

MLS 246

MLS Agents 246

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.

Industrial

Housing Wire

JULY 17, 2024

Higher mortgage rates have increased recession risk by targeting the one sector that always falls before every recession: residential construction workers. And higher rates are also impacting the future supply of homes, as housing permits have been in a downtrend for a while. Single-family permits fell again in today’s housing starts report. Of course, the one solution that can change the tide for this concerning downtrend is lower mortgage rates.

Construction 492

Construction Mortgages Residential As-is 492

Real Estate News

JULY 17, 2024

High mortgage rates, which increase the cost of buying, should push prices down — right? But the relationship between rates and home prices isn’t that simple.

Marketing 247

Marketing Mortgages 247

Real Estate News

JULY 17, 2024

Staten Island MLS adds Checkmate software; lender NEO leverages zavvie's cash-offer platform; Reliance adds AI-powered marketing tools.

MLS 229

MLS Marketing 229

Housing Wire

JULY 17, 2024

Despite a 3% monthly increase , the pace of new housing construction was 4.4% slower in June 2024 than a year prior, according to data released Wednesday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD). In June, privately owned housing starts were at a seasonally adjusted annual rate of 1.353 million units.

Construction 453

Construction Property Management MLS Development 453

Real Estate News

JULY 17, 2024

The proposed regulation — the first of its kind — comes at a time when the real estate is already dealing with lawsuits over unsolicited texts and calls.

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207

Housing Wire

JULY 17, 2024

Six U.S. regulators announced on Wednesday that they have approved a final rule that requires mortgage originators and secondary market issuers to impose quality control standards for their automated valuation models (AVMs). In June , the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corp. (FDIC) announced their approval of the final rule.

Technology 450

Technology Banks Mortgages Investor 450

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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.

Brokerage

Inman

JULY 17, 2024

California Regional MLS's general counsel talks offers of compensation, seller concessions, steering and buyer agency agreements ahead of his appearance at Inman Connect Las Vegas.

Seller concession 199

Seller concession MLS Brokerage Agents 199

Housing Wire

JULY 17, 2024

A newly released episode of the Real Estate Insiders Unfiltered Podcast explores the future state of buyer and seller relationships in the housing market after the National Association of Realtors ‘ (NAR) business practice changes take effect Aug. 17. Co-hosts James Dwiggins and Keith Robinson chatted with industry expert Ed Zorn to address key questions that real estate agents may have in the wake of recent Department of Justice investigations targeting several organizations, including th

MLS 442

MLS Agents Industrial Design 442

Inman

JULY 17, 2024

Interest rate buydowns involve a trade-off between upfront costs and long-term affordability. Clever CEO Luke Babich offers strategies to help clients make the choice.

Banks 186

Banks Lending Mortgages Agents 186

Housing Wire

JULY 17, 2024

Survey data released Wednesday by F&G Annuities & Life Inc. shows that economic realities and other considerations are driving Americans to either delay or come out of retirement. F&G’s newly released Retirement Reconsidered survey , which was conducted in May across a sample of 2,048 respondents ages 50 and older, found that 51% of this cohort are thinking of reentering the workforce or pushing back their retirement plans.

Finance 433

Finance Mortgages Industrial Closing 433

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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.

Agents

Inman

JULY 17, 2024

Housing affordability will remain an issue at the forefront of the upcoming presidential election, where swing states will determine the next president and the future of housing costs.

Brokerage 178

Brokerage Marketing 178

Housing Wire

JULY 17, 2024

Reverse mortgage marketing can be an exacting process. Due to ongoing reputational challenges stemming from years (and loans) past, lenders have to consider the ways they can effectively recontextualize the product for some clients while broadening its appeal, compensating for misconceptions and acknowledging current realities around things like interest rates, retirement savings levels and access to equity.

Mortgages 431

Mortgages Marketing Finance Equity 431

Inman

JULY 17, 2024

As the U.S. dollar's value and home sale prices rose from April 2023 to March 2024, international buyers shied away from investing in U.S. real estate, according to a new report from NAR.

Sales 167

Sales Marketing 167

Housing Wire

JULY 17, 2024

Compass continues to welcome top-producing agents to the firm. Earlier this month, the brokerage announced that it was welcoming 30 agents in South Florida from the Engel & Völkers -brokered SWF Premium Real Estate Team. The team will be part of Compass’ newly opened office in downtown Naples. “We are thrilled to announce Compass’ new real estate office in Downtown Naples on Fifth Avenue,” Adam Vellano, managing director at Compass, said in a statement.

Agents 431

Agents Brokerage Closing Technology 431

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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.

Agents

Inman

JULY 17, 2024

Leading during times of change is undoubtedly challenging, new Inman contributor Justin Bailey writes, but it also presents an opportunity to propel education, build stronger teams and enhance relationships.

Brokerage 168

Brokerage Marketing Agents 168

Housing Wire

JULY 17, 2024

The U.S. Department of Housing and Urban Development (HUD) on Wednesday proposed a new rule that would implement a permanent program to sell seriously delinquent single-family mortgages insured by the Federal Housing Administration (FHA). These sales have been tested by HUD since 2002, but HUD said that the proposed rule will improve community stability and expand the availability of affordable homes for families as the market faces a supply challenge.

Sales 419

Sales Mortgages Loans Development 419

Inman

JULY 17, 2024

Maria Avellaneda rejoins KWNYC after six years at Compass. She will focus on ultra-luxury transactions and lead the franchise’s luxury market in the Hamptons.

Agents 168

Agents Marketing Brokerage 168

RIS Media

JULY 17, 2024

How many tomes have been written on this subject? Probably millions. Depending which stats one reviews, seems that of all the bestsellers ever written about 15-20% are on leadership. Ranked by sales, authors such as Simon Sinek and Patrick Lencioni are sure to be in the top five in this category. Rarified air indeed. Both… The post Op-Ed: Leadership and the Lack Thereof appeared first on RISMedia.

Sales 128

Sales Industrial 128

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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.

Sales

Inman

JULY 17, 2024

Former Fannie Mae and Freddie Mac chief executives Tim Mayopoulos and Michael DeVito are joining a newly formed advisory board in conjunction with a funding round led by Khosla Ventures.

Land 159

Land Equity Banks Loans 159

NAR: Economic Outlook

JULY 17, 2024

Instant Reaction Housing Starts, July 17, 2024 New apartment units completed reached a 50-year high in June, and rents have stopped rising in many cities due to the oversupply of rental units.

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117

Inman

JULY 17, 2024

Waltz promises to use its software-enabled workflow to reduce the time and number of administrative hurdles non-citizens face when looking to invest in the U.S., stating it can be done fewer than 30 days.

Investor 152

Investor Technology Marketing 152

HomeLight

JULY 17, 2024

According to the National Association of Realtors 2023 Land Market Survey, land value nationwide rose to $18.6 trillion , up from $17.2 trillion the year prior. Land price growth rose to a rate of 1.9%, with residential, industrial, and timber land categories specifically producing the highest growth rates. But, your individual slice of land could be valued at a dramatically higher or lower price per acre depending on factors like its topography, road access, and zoning.

Land 116

Land Residential Agents Industrial 116

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Brokerage

Inman

JULY 17, 2024

One issue for would-be homebuyers seeking jumbo mortgages is that rates haven't come down as dramatically as they have for conforming mortgages eligible for purchase by Fannie Mae and Freddie Mac.

Mortgages 148

Mortgages As-is Marketing 148

HomeLight

JULY 17, 2024

In the past four years, home values in the U.S. have surged by 47%. As a result, homeowners are collectively sitting on close to $33 trillion in home equity — and many are taking advantage of this windfall through equity-backed loans. This begs the question: Is home equity loan interest tax deductible? Like so many things touched by the IRS, the agency’s answer can sound complex or even ambiguous.

Equity 115

Equity Loans Renovation Residential 115

Inman

JULY 17, 2024

As the Aug. 17 post-settlement implementation deadline approaches, it's more important than ever to get your verbal and written ducks in a row.

Agents 161

Agents 161

RIS Media

JULY 17, 2024

As the real estate industry braces for new rules that remove all offers of agent compensation from for-sale listings, mortgage lenders are weighing their options on how to best help cash-strapped buyers who will ultimately be responsible for paying their agent’s commission. Beginning Aug. 17, the National Association of REALTORS® (NAR) will prohibit all offers… The post Financing Agent Commissions Doesn’t Pencil Out for Buyers, Mortgage Experts Say appeared first on RISMedia.

Finance 122

Finance Agents Mortgages Industrial 122

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.

Agents