Housing Wire
OCTOBER 24, 2024
anely Sandoval’s calling to be a pre-foreclosure peacemaker started when she was in high school. “My mom and stepdad went into pre-foreclosure,” said Sandoval, a real estate agent and investor who specializes in working in low-income, often Latino neighborhoods in Southern California. “I knew things were going down, but I didn’t know how bad it was until people started knocking on our door.
Keeping Current Matters
OCTOBER 24, 2024
With everything feeling more expensive these days, it’s natural to worry about how rising costs might impact the housing market.
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Housing Wire
OCTOBER 24, 2024
Online real estate marketplace Auction.com released data this week showing that demand for distressed homes — including bank-owned properties and foreclosures — shrank for a second straight quarter. The company’s Auction Market Dispatch for third-quarter 2024 included a survey conducted in late September of more than 140 active buyers on the platform.
Real Estate News
OCTOBER 24, 2024
September’s lower mortgage rates may have given a boost to the new construction sector, but buyer enthusiasm could be waning as rates climb back up.
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Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.
Housing Wire
OCTOBER 24, 2024
With new-home sales growing since 2022, why are housing starts at recessionary levels? Well, it’s a complicated story if you don’t know how the homebuilders operate, and not all homebuilders are the same. The big publicly traded builders have money to pay down mortgage rates and manage their pipelines better than smaller homebuilders. However, even with that reality, when mortgage rates were at 7.50% earlier in the year, housing starts and permits were heading lower, single-family permits were h
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
OCTOBER 24, 2024
Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Real estate referrals are the lifeblood of most top producers’ businesses. This is evident when you ask any highly successful agent where they find their clients. Inevitably, their answer will be “my past clients and sphere.
RIS Media
OCTOBER 24, 2024
Mortgage rates are still ticking up, thanks to strong economic data including good jobs reports and stubborn core inflation, economists say, noting that rates are still expected to come down in the months ahead as data falls more in line with expectations. This week, the 30-year fixed-rate mortgage averaged 6.54%, up from 6.44% last week,… The post Mortgage Rates See Fourth Straight Week of Increases appeared first on RISMedia.
Housing Wire
OCTOBER 24, 2024
Fast-growing mortgage servicing platform Valon has secured $100 million in a Series C funding round, the company announced this week. The latest investment — led by New York investment firm WestCap and Silicon Valley venture capital giant Andreessen Horowitz — brings the total amount of capital raised by Valon to $230 million since its launch in 2019.
Real Estate News
OCTOBER 24, 2024
An MLS advisory board within the National Association of Realtors is continuing its “robust” discussion of the divisive policy. Here’s what could come next.
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
OCTOBER 24, 2024
With an unprecedented wave of retirements—over 4.1 million Americans each year, according to the Peak65 report by Alliance for Lifetime Income —understanding the intricacies of reverse mortgages is essential. Our latest research report , developed in partnership with Longbridge Financial , equips you with the knowledge to navigate this growing market and serve your clients effectively.
RIS Media
OCTOBER 24, 2024
Today’s Baby Boomers—some 76 million of them—are in better health and, by and large, have more resources than their parents did at their age. In just four years, though, the inhabitants of this demographic bubble will start turning 80, and their real estate needs will change with them. When a person hits 80, the idea… The post 4 Ways to Tap an Often-Overlooked Senior Housing Market appeared first on RISMedia.
Housing Wire
OCTOBER 24, 2024
Remote online notarization firm Proof (formerly known as Notarize ) is stepping out of the notarization arena and into the wider realm of identity verification. On Thursday, Proof announced the launch of Verify, which it describes as “a live face-to-face experience that delivers high-level assurance with identity verification performed in the presence of an agent.
RIS Media
OCTOBER 24, 2024
CoStar Group, the real estate conglomerate that has been making a concerted push into the residential space, posted overall revenue growth of 11%, to $693 million for the third quarter, as well as continued growth in its consumer awareness and web traffic, with traffic up to 130 million unique visitors to the Homes.com network. Acknowledging… The post CoStar Sees Revenue, Traffic Growth, Reaffirms Investments appeared first on RISMedia.
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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.
Housing Wire
OCTOBER 24, 2024
In the newest episode of the RealTrending podcast , host Tracey Velt sits down with KW Cares CEO Alexia Rodriguez to discuss how the nonprofit wing of Keller Williams Realty supports agents during times of turmoil. The conversation is timely in light of the recent onslaughts from hurricanes Milton and Helene in Florida and North Carolina, respectively.
HomeLight
OCTOBER 24, 2024
Ohio homeowners with a house on the market might get a slight surprise before they sign the final paperwork. Typically, a seller can expect to pay between 3% and 6% of a home’s sale price as commission, plus another 2% to 4% for closing costs , including taxes, settlement fees, and title fees. The average home sale price in Ohio was $302,384 in August 2024 compared to a 2023 average of $285,746.
Housing Wire
OCTOBER 24, 2024
The Mortgage Bankers Association (MBA) on Thursday released a new white paper , which argues that Section 8 of the Real Estate Settlement Procedures Act (RESPA) is in need of reform and modernization to better reflect “today’s highly-regulated mortgage market.” Dec. 22, 2024, will mark the 50th anniversary of RESPA being signed into law by President Gerald Ford.
Brownstoner
OCTOBER 24, 2024
A distinctive fluted and soft pink condo building has taken shape on the corner of Myrtle and Vanderbilt avenues in Fort Greene over the past few months, replacing a gas station. The large and asymmetrical structure appears nearly complete on the exterior. The eight-story, 26-unit development at 144 Vanderbilt Avenue is… Read More > The post Tankhouse and SO-IL’s Pink Condos Near Completion on Fort Greene Corner appeared first on Brownstoner.
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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.
Housing Wire
OCTOBER 24, 2024
Alliant National Title Insurance Co. has entered into an agreement to be acquired by Florida -based builder Dream Finders Homes , according to an announcement on Thursday. The financial terms of the deal, which is subject to regulatory approval, were not disclosed. “This is a strategic acquisition for DFH and allows us to further vertically integrate alongside our existing title insurance agency business while facilitating growth in the title insurance marketplace,” Patrick Zalupski, the chairma
Eye on Housing
OCTOBER 24, 2024
With housing affordability at a multidecade low, housing costs have become a major issue in the 2024 presidential election. While NAHB reports the national homeownership rate from the Census Bureau’s Housing Vacancy Survey on a quarterly basis, examining characteristics across congressional districts provides valuable insights. A recent NAHB analysis of 2023 American Community Survey shows.
Housing Wire
OCTOBER 24, 2024
Compass has made two big additions in Austin and St. Louis. The Weiss Group in Austin is returning after a stint with The Agency , bringing its six-agent team and $75 million in 2023 sales back to Compass. In St. Louis, the 10-agent Monschein Team is leaving Berkshire Hathaway HomeServices. In respective statements, both groups cited Compass’s technology as a key motivator for their moves.
Inman
OCTOBER 24, 2024
Lawyers filed motions Tuesday arguing eXp’s decision to come to a settlement in the commission lawsuit through a "reverse auction" should compel the brokerage to return to the bargaining table.
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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.
HomeLight
OCTOBER 24, 2024
As a real estate agent, you may encounter sellers who want a quick cash offer and are hesitant to hire a Realtor. These clients often have concerns about the time and cost of traditional listings, but it’s important to help them see the full picture before making any hasty decisions. Here’s how to address common objections and guide them toward a comparative market analysis (CMA), ensuring they get the best deal possible. 1.
Inman
OCTOBER 24, 2024
Understanding the various team compensation models is crucial for anyone involved in, or considering joining, a real estate team, coach Verl Workman writes.
HomeLight
OCTOBER 24, 2024
If you’re looking to sell your New York home, one of the best tools you can add to your arsenal is partnering with a trusted local real estate agent. The real estate market in New York is competitive, and selling a home is a complex process. A trusted local agent with a top real estate brokerage in New York can help you demystify the process and get you the best value for your property when it hits the open market.
Inman
OCTOBER 24, 2024
Find out how this New York City team has made a name for itself in new development by trusting the market to speak for itself.
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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.
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