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 468

Purchase and sale agreement Real-estate owned Agents Brokerage 468

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 249

MLS Agents 249

Housing Wire

JULY 17, 2024

International homebuyers purchased the fewest number of existing homes for any year since the National Association of Realtors (NAR) began tracking the data in 2009. On Wednesday, the trade group reported in its 2024 International Transaction in U.S. Residential Real Estate Report that the number of existing homes purchased by international buyers had fallen 36% year over year to 54,300 homes during the year ending in March 2024.

Sales 467

Sales Residential Marketing 467

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 250

Marketing Mortgages 250

Advertisement

Now more than ever, agents need 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

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 397

Investor Marketing Design As-is 397

Housing Wire

JULY 17, 2024

Mortgage applications increased 3.9% on a seasonally adjusted basis during the week ending July 12, due mainly to borrowers taking advantage of a decline in rates to refinance their home loans, according to data released Wednesday by the Mortgage Bankers Association (MBA). “Mortgage rates declined last week, as recent signs of cooling inflation and the increased likelihood of Federal Reserve rate cuts later this year pulled them lower,” Joel Kan, MBA’s vice president and deputy chief economist,

Mortgages 376

Mortgages VA loan FHA loan Loans 376

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 233

MLS Marketing 233

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 347

Technology Banks Mortgages Investor 347

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.

211

211

Advertisement

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

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 339

MLS Agents Industrial Design 339

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 189

Seller concession MLS Brokerage Agents 189

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 332

Finance Mortgages Industrial Closing 332

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 171

Banks Lending Mortgages Agents 171

Advertisement

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.

Brokerage

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 329

Agents Brokerage Closing Technology 329

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 162

Brokerage Marketing 162

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 120

Sales Industrial 120

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 150

Sales Marketing 150

Advertiser: Trellis

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

Loans

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.

117

117

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 149

Brokerage Marketing Agents 149

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 107

Finance Agents Mortgages Industrial 107

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 143

Land Equity Banks Loans 143

Advertisement

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.

Agents

Eye on Housing

JULY 17, 2024

Elevated interest rates for home mortgages and construction and development loans kept single-family production and demand in check during June. Overall housing starts increased 3.0% in June to a seasonally adjusted annual rate of 1.35 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

Construction 107

Construction Development Loans Mortgages 107

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 152

Agents Marketing Brokerage 152

Marco Santarelli

JULY 17, 2024

Florida's housing market has long attracted homebuyers enamored with the state's sunny skies and sandy beaches. However, recent data suggests that not all is smooth sailing ahead. According to the CoreLogic Market Risk Indicator , as of July 2024, three metro areas in the Florida peninsula— Palm Bay-Melbourne-Titusville , Deltona-Daytona Beach-Ormond Beach , and Gainesville —are facing a “very high” risk of housing price declines over the next year.

Marketing 105

Marketing New Construction Construction Equity 105

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 133

Investor Technology Marketing 133

Advertisement

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

RIS Media

JULY 17, 2024

Above, Matt Desmond Matt Desmond President and Qualifying Broker Santa Fe Properties – a member of Leading Real Estate Companies of the World® Santa Fe, New Mexico [link] Region served: Santa Fe Years in real estate: 19 Number of offices: 2 Number of agents: 75 Favorite part of your job: Getting to work with and… The post Looking Beyond Challenges to Create Solutions appeared first on RISMedia.

Agents 102

Agents Development Industrial 102

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 129

Mortgages As-is Marketing 129

RIS Media

JULY 17, 2024

The MOB gathered in Dallas recently at Coldwell Banker Apex for one of their twice-yearly meetings. One of the unique hallmarks of the residential real estate business is its widespread commitment to collaboration for the greater good, from the listings shared among brokerage firms to the strategies exchanged among friendly competitors. When it comes to… The post The Transformative Power of Trust appeared first on RISMedia.

Residential 102

Residential Brokerage Industrial Agents 102