Thu.Sep 26, 2024

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Zillow teams with First Street to provide homebuyers with climate risk data

Housing Wire

Homebuyers will soon have access to climate risk data on Zillow , according to an announcement on Thursday. Zillow is partnering with First Street to provide users with data on a property’s risk levels for flood , wildfire , wind, heat and air quality through risk scores, interactive maps and insights into insurance requirements. “Climate risks are now a critical factor in home-buying decisions,” Zillow chief economist Skylar Olsen said in a statement. “Healthy markets are ones where

Banks 450
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Lower rates attract refinancing — are home buyers next?

Real Estate News

While touring is up, mortgage purchase applications and pending sales are subdued. Inventory shows some promise but “extra stale” listings have increased.

Mortgages 218
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StreetWire partners with MetroList on home value insurance product

Housing Wire

Multiple listing services (MLSs) have a wealth of data, and one technology company thinks it has found an innovative way to use it. Real estate data company StreetWire has partnered with Northern California MLS MetroList to produce an insurance product called Home Value Lock. It’s designed to protect homeowners from declining home values. The coverage is good for three years after the closing date on a home purchase, and the insurance covers up to 10% of the original purchase price.

MLS 415
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Don’t Fall for These Real Estate Agent Myths

Keeping Current Matters

When it’s time to buy or sell a home, one of the most important decisions you’ll make is who you’ll work with as your agent.

Agents 190
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The Broker Action Plan for the Post-NAR Lawsuit Landscape

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.

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Austin-area luxury team leaves The Agency for Compass

Housing Wire

The Compass team in Austin is welcoming back one of its own. Luxury agent Mike Mogavero is returning to the brokerage after a stint with The Agency. Mogavero is also bringing Christen Lowe, his partner in the MOLO Group , with him. The pair topped $38.8 million in sales volume in 2023, with Mogavero accounting for $33.2 million of the total, according to RealTrends Verified.

Brokerage 414

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Signs of housing demand surge after interest rate cut

Housing Wire

The question from the housing industry after the Federal Reserve ’s half-point interest rate cut is simple — will this bring buyers back to the stalled housing market? A new report from Redfin suggests that it is already happening. The company analyzed mortgage rate-lock data from Optimal Blue and found that locks have risen 68% this week compared to one month earlier.

Mortgages 398
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NAR to sellers: Concessions could ‘lead to better, faster offer’

Real Estate News

The new guide from the National Association of Realtors also explains how concessions (which can be used to pay an agent) differ from offers of compensation.

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A month after seismic industry changes, real estate agents aren’t much more optimistic

Housing Wire

In the six months since news of the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement broke, agent attitudes toward the settlement’s required business practice changes have only slightly improved. This is according to a study published earlier this week by real estate technology firm Clever Real Estate. Clever surveyed 516 real estate agents in late August and early September, after the changes were implemented on Aug. 17.

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‘The fever has broken’: Action steps for agents after rate cuts

Inman

An environment where the fed funds rate is being cut instead of raised has historically been better for the real estate industry. Now is the time for agents to become the resource for information and professionalism.

Agents 176
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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

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.

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Pending home sales rise slightly but continue to muddle along

Housing Wire

After hitting the second-lowest level on record in July , pending home sales rose slightly in August, according to data released Thursday by the National Association of Realtors (NAR). The Pending Home Sales Index rose 0.6% month over month in August to a reading of 70.6. A reading of 100 is equal to the level of contract activity in 2001. Despite the monthly increase, last month’s reading was still down 3% year over year.

Sales 388
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This hidden barrier is blocking you from achieving real estate success 

Inman

Whether you characterize them as "reasons" or "explanations," excuses undermine your credibility and weaken your intentions, trainer Bernice Ross writes. Find out how to stop making excuses so you can maximize your professional performance.

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Parties in Mega-Buyer Suits Reveal Settlement Discussion, Spar Over Seller Agreements

RIS Media

In a new filing yesterday, plaintiffs and defendants in the looming mega-buyer commission lawsuits previewed some of the disputes and potential paths forward—including damages, settlement disputes and ongoing appeals—that could put the industry back in the throes of legal uncertainty, even as seller-filed litigation has largely been resolved by settlements.

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Broker Spotlight: Mary Sherer, ERA Crossroads

Inman

Learn more about this Indiana broker-owner, and find out about the "disastrous" experience that pushed her to get her real estate license and become a true residential expert.

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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

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.

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Report: How Homebuyers, Sellers and Agents Are Adjusting to Commission Changes

RIS Media

With predictions about the impact of the National Association of REALTORS®’ (NAR) Burnett settlement all over the map, ranging from higher costs for first-time buyers and job losses among REALTORS® to more transparency in transactions and lower overall commission costs and home prices in the long run, Clever Real Estate surveyed homeowners, those who plan… The post Report: How Homebuyers, Sellers and Agents Are Adjusting to Commission Changes appeared first on RISMedia.

Agents 108
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How to protect your data, devices and clients when on Wi-Fi

Inman

When you're on the go, and using public Wi-Fi, you can open yourself up to security breaches. Security expert Robert Siciliano offers best practices for protecting yourself and your information.

Agents 153
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From Agent to Advocate: Anthony Lamacchia’s 20-Year Real Estate Run—and Where He’s Headed Next

RIS Media

Above, Lamacchia company outing Anthony Lamacchia isn’t kidding or even exaggerating when he says he knew at the age of seven that he’d build a big company someday. That prediction has since come true—and then some. Today, as he celebrates his 20th year in the residential real estate business, Lamacchia has not only created a… The post From Agent to Advocate: Anthony Lamacchia’s 20-Year Real Estate Run—and Where He’s Headed Next appeared first on RISMedia.

Agents 105
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Industry heavy-hitters launch app that documents agents’ workflow

Inman

Rayse, which the company has positioned as a way of "pushing back against the settlements," is backed by Realtor associations, MLSs, brokerages and leaders, including co-CEO James Dwiggins.

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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

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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Pending Home Sales Up 0.6% in August; Only Northeast Down in Transactions

RIS Media

Pending home sales in August rose 0.6%, following a 5.5% drop-off in July, according to the National Association of REALTORS® (NAR). The Midwest, South and West posted monthly gains in transactions, while the Northeast recorded a loss. Year-over-year, the West registered growth, but the Northeast, Midwest and South declined. Year-over-year, pending transactions were down 3%.… The post Pending Home Sales Up 0.6% in August; Only Northeast Down in Transactions appeared first on RISMedia.

Sales 105
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Buyer-broker commissions remain mostly steady since Aug. 17: Survey

Inman

Business has largely continued as usual with 63 percent of agents reporting that sellers are "frequently" covering buyer-broker commissions, according to a new Real Brokerage survey of 300 agents.

Brokerage 101
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Buyer Turnoffs: How to Make Sure Seller-Client Homes Are as Appealing as Possible

RIS Media

Homeownership: The American Dream. Those buyers who make it happen for themselves and their families know there is very little that will top that feeling of accomplishment. Owning your own home almost always means building financial security. It also means there are very few rules for what you want to do with your property, inside… The post Buyer Turnoffs: How to Make Sure Seller-Client Homes Are as Appealing as Possible appeared first on RISMedia.

As-is 104
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Why Cord Shiflet avoids calling himself a Realtor ‘like the plague’

Inman

"NAR is about to get a wake up call," the Moreland Properties agent told Inman in an interview that touched on Austin's growing pains and NAR's future ahead of his talk at Connect Austin in October.

Agents 91
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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

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.

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How to Sell My House Fast in Lincoln: Cash Offer Options

HomeLight

If you’re a homeowner in Lincoln needing to sell your house fast, you’re not alone. Whether you’re facing an unexpected life change, financial challenges, or simply want to downsize, selling your home quickly can feel overwhelming without knowing where to start. In this guide, we’ll break down your options for a fast home sale, including how a cash offer compares to working with a top Lincoln real estate agent.

Investor 105
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Consumer goods mogul buys Miami parcels for $100M

Inman

Consumer goods magnate Anand Khubani has bought three parcels on La Gorce Island from the trust of the late Dr. M. Lee Pearce, marking the priciest deal in Miami-Dade County so far this year.

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Asian Real Estate Association of America Shares 220+ A-List Agents and Teams

RIS Media

The Asian Real Estate Association of America (AREAA) has released its annual A-List. 157 individual real estate agents and 68 teams were recognized for outstanding production in 2023. The A-List honorees, all AREAA members, generated $9.85 billion in sales volume on 10,214 transaction sides in 2023. The top 50 agents and 25 teams will be… The post Asian Real Estate Association of America Shares 220+ A-List Agents and Teams appeared first on RISMedia.

Agents 102
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California Housing Market Forecast 2025: A Brighter Outlook?

Marco Santarelli

Thinking about the California housing market in 2025? You're not alone! The California housing market forecast 2025 is a hot topic, and for good reason. After a wild ride these past few years, everyone wants to know what's next. Will prices keep going up? Will it be easier to buy a house? Let's dive in and see what the experts are saying. California Housing Market Forecast 2025: Will Lower Rates Fuel a Boom?

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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

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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Rayse Begins Rolling Out New Proptech Platform to Brokerages

RIS Media

Rayse—the technology platform redefining the real estate agent-client relationship—has announced that they have begun rolling out its platform to its first 200 brokerages. The company’s platform offers a transparent, real-time solution for tracking and communicating buyer agent services, revolutionizing the home buying experience. According to research from WAV Group, 25% of home buyers believe that… The post Rayse Begins Rolling Out New Proptech Platform to Brokerages appeared first

Brokerage 101
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Park Slope Townhouse With Mantels, Dumbwaiter, Butler’s Pantry Asks $5.25 Million

Brownstoner

One detail-filled Park Slope townhouse after another seems to be popping up on the market this fall. The lush features in this circa 1900 limestone and brick dwelling include plasterwork, wainscoting, mantels, a dumbwaiter, and a butler's pantry, along with some modern updates. At 607 6th Street, in the Park… Read More > The post Park Slope Townhouse With Mantels, Dumbwaiter, Butler’s Pantry Asks $5.25 Million appeared first on Brownstoner.

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Average Mortgage Rates Fall to Lowest Level in Two Years

RIS Media

While mortgage rates barely registered a dip this week, it was enough for economists to report they’ve reached their lowest point in two years, helping to keep refinance activity buzzing along in recent weeks as well. According to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, the average 30-year fixed-rate mortgage (FRM) dipped… The post Average Mortgage Rates Fall to Lowest Level in Two Years appeared first on RISMedia.