Housing Wire

MAY 30, 2024

Pending home sales sales dropped 7.7% in April compared to March as rising mortgage rates weighed on the market, according to data released Thursday by the National Association of Realtors (NAR). Year over year, pending transactions fell 7.4%. The NAR’s Pending Home Sales Index declined to 72.3 in April, down from 78.2 in March. All four U.S. regions reported decreases on both a monthly and yearly basis, with the Midwest and West experiencing the largest monthly declines.

Sales 530

Sales MLS Mortgages Marketing 530

Real Estate News

MAY 30, 2024

Watch the conversation with marketing pro Brian Boero as he imagines how NAR and the industry could — and should — be communicating with agents and consumers.

Industrial 248

Industrial Agents Marketing 248

Housing Wire

MAY 30, 2024

The U.S. Department of Veteran Affairs (VA) announced on Wednesday that it has called on mortgage servicers to extend the moratorium on foreclosures for VA-guaranteed loans through Dec. 31, 2024, while these companies implement a new program to help struggling veterans. The current moratorium, announced in November, was set to end on Friday. It was implemented amid complaints of veterans’ struggles because there was no program available to succeed a partial claim option offered during th

Loans 492

Loans Mortgages Finance 492

Keeping Current Matters

MAY 30, 2024

Buyers face challenges in any market – and today’s is no different.

Marketing 343

Marketing 343

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

MAY 30, 2024

A report released Thursday by Redfin showed that 6.4% of U.S. home sellers cut their asking prices during the four-week period ending May 26. That is the highest percentage since November 2022 and a potential sign that sale prices will soften in the coming months. The national real estate brokerage reported that the median asking price in the past week was $416,623, a weekly decline of about $3,000 and the first pullback in six months.

Mortgages 490

Mortgages Renovation Sales Brokerage 490

Real Estate News

MAY 30, 2024

Starting in June, the field will include an option for payment of buyer agent fees, and updates coming in August will give sellers more flexibility.

MLS 254

MLS Agents 254

Inman

MAY 30, 2024

Northwest MLS says banning compensation in the MLS restricts consumer choice and transparency. Plaintiffs' attorney Michael Ketchmark says "the fox is guarding the chicken house.

MLS 190

MLS 190

Housing Wire

MAY 30, 2024

Editor in Chief Sarah Wheeler talks with Brad Rice, founder and CEO of Amerifund Home Loans and Homepie , about how his company is streamlining the process of selling for homeowners who want to sell their home themselves. Ironically, the technology he’s developed can be a benefit to real estate agents as well. SW: Why did you want to develop this platform?

Technology 446

Technology Agents Development Loans 446

Inman

MAY 30, 2024

In response to NAR's proposed settlement, the nation's second largest MLS will add data fields on June 11 allowing sellers to signal they're willing to offer buyer concessions when they list a home.

MLS 190

MLS Seller concession Brokerage Agents 190

Housing Wire

MAY 30, 2024

In March 2024, the national delinquency rate for residential mortgages stood at 2.8% for the third month in a row, up slightly from March 2023, according to the latest CoreLogic Loan Performance Insights report. The data provider examined all stages of delinquencies to gain a complete view of the mortgage market and loan performance health. Early-stage delinquencies (mortgages 30 to 59 days past due) accounted for 1.5% of all mortgages in February, up from 1.1% in March 2023.

Mortgages 459

Mortgages Staging Principal Loans 459

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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

MAY 30, 2024

Sluggish homebuyer activity has pushed sellers to adjust their price expectations, according to Redfin's latest report. The median asking price declined for the first time in six months to $416,000.

Brokerage 190

Brokerage Agents Marketing 190

Housing Wire

MAY 30, 2024

Bright MLS , the nation’s second-largest multiple listing service, is set to overhaul its platform this summer to align with new standards stemming from the National Association of Realtors ’ recent settlement of the real estate agent commission lawsuits. Starting Aug. 14, Bright MLS will eliminate its commission field, preventing listing agents from advertising any commissions they offer to buyer brokers.

MLS 441

MLS Seller concession Agents As-is 441

Real Estate News

MAY 30, 2024

After dipping below 7% last week, interest rates ticked back up, while pending sales hit a four-year low.

Sales 210

Sales Mortgages 210

Housing Wire

MAY 30, 2024

Ginnie Mae is aiming to roll out plans for its new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product by the end of the year, according to acting president Sam Valverde, who spoke at the National Reverse Mortgage Lenders Association (NRMLA) Eastern Regional Meeting in Washington, D.C., on Wednesday. The news was first reported by Inside Mortgage Finance.

Bankruptcy 442

Bankruptcy Loans Equity Development 442

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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

MAY 30, 2024

William Brown, who served as CEO of the company though 2018, is entitled to damages after Matterport prevented him from selling all of his shares when the company went public in 2021.

As-is 176

As-is Technology Brokerage Agents 176

Housing Wire

MAY 30, 2024

The share of older workers in the U.S. has grown significantly since the turn of the century, with 29.5% of workers in 2023 at least 65 years old, compared to 23% in 2000, according to a new report from the Employee Benefit Research Institute (EBRI). This occurred as labor force participation by older Americans between the ages of 55 and 64 has surpassed pre-pandemic levels, while the rate of those 65 and older did not change, the data suggested.

Design 434

Design As-is 434

Inman

MAY 30, 2024

Find out how this team leader went from hating real estate to becoming an award-winning broker with a focus on fostering the success of his agents.

Agents 188

Agents 188

Housing Wire

MAY 30, 2024

Home equity fintech lender Point , in collaboration with its long-time financing partner Atalaya Capital Management , has successfully closed a $141 million rated asset-backed securities transaction. The securitization was completed on May 15 and marked Point’s second rated securitization and third overall deal in the secondary market, with all securities receiving ratings from Morningstar DBRS.

Closing 427

Closing Equity Investor Finance 427

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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

MAY 30, 2024

With a refreshed user experience and QR code versatility, this rebranded lead capture app ensures no one gets out of reach, and the improvements made helped it earn a higher rating.

Technology 173

Technology Marketing 173

Housing Wire

MAY 30, 2024

“Wait, you mean I don’t have to live on Instagram all day for it to work for me?” Yes. It is entirely possible! In the fast-paced world of social media , maintaining an active presence on platforms like Instagram can be both a blessing and a burden. As Realtors and entrepreneurs, we strive to stay relevant, yet the demand to constantly produce fresh content and engage with followers can quickly become overwhelming.

As-is 377

As-is Closing Marketing Technology 377

Inman

MAY 30, 2024

Discover how to make your real estate business unshakeable with our expert-led webinar The art of setting goals and milestones Why you should consider getting certified in a specialty How to showcase your expertise by reading market dynamics-not drama Marketing tactics to educate buyers and sellers while generating appointment leads How to leverage cutting-edge agent […]

Marketing 173

Marketing Agents 173

Eye on Housing

MAY 30, 2024

The Census Bureau’s latest release of the Survey of Market Absorption of New Multifamily Units (SOMA) estimates that 42% of 91,060 unsubsidized apartments completed in the fourth quarter of 2023 were absorbed (rented) within the first 3 months following completion. For condominiums, 56% of the estimated 4,915 units completed in the fourth quarter of 2023.

Marketing 122

Marketing Construction 122

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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

MAY 30, 2024

You apply discipline to starting and growing your business, but how do you apply that same discipline to making it sustainable? Broker Pam Blair offers guidance for making your real estate business more meaningful and satisfying.

Brokerage 172

Brokerage Agents 172

Seattle Times Real Estate

MAY 30, 2024

Alaska plans to spend $100 million renovating the property so pilots, flight attendants and other employees can train together.

Renovation 142

Renovation 142

Inman

MAY 30, 2024

Contract signings fell 7.7 percent between March and April to a score of 72.3 on the Pending Home Sales Index last month, according to data released Thursday by the National Association of Realtors.

Sales 171

Sales Marketing 171

RIS Media

MAY 30, 2024

While finding buyers and sellers who are ready to get off the sideline is the ultimate goal for real estate professionals who are looking to keep their pipeline full, there’s no shortage of strategies that can be employed to generate new revenue and grow your business as the busy summer selling season heats up. Become… The post Generating New Revenue: Strategies for Growing Your Business appeared first on RISMedia.

As-is 131

As-is Development Technology Industrial 131

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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.

Brokerage

Inman

MAY 30, 2024

Sky-high numbers of delistings and price corrections may mean that buyers have finally had their fill of homes that are priced too high, according to Mike DelPrete.

Marketing 173

Marketing 173

RIS Media

MAY 30, 2024

In the high-stakes world of real estate—where clarity, courage and stamina are indispensable—sleep is not merely a pause from our busy schedules but a vital investment in our health and professional prowess. Vince Lombardi’s words, “Fatigue makes cowards of us all,” resonate deeply here. As I emphasize in my mindset routine talks covering the pillars… The post Thoughts on Leadership: The Essential Role of Sleep in Leadership and Success appeared first on RISMedia.

As-is 126

As-is Development Industrial Agents 126

Inman

MAY 30, 2024

Want to cover yourself and your clients while preventing miscommunication? Careful organization and documentation, Rachael Hite writes, can save your summer.

Brokerage 176

Brokerage Agents 176

HomeLight

MAY 30, 2024

Whether you’re a homeowner or a potential homebuyer, the process of calculating the tax value of a property may seem obscure. Real estate taxes can feel additionally confusing when you see your home’s assessed value on a tax bill, and it doesn’t match your home’s current market value. However, in most states, this process is based on a common equation.

Development 115

Development As-is Marketing 115

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