Housing Wire
SEPTEMBER 26, 2024
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.
Keeping Current Matters
SEPTEMBER 26, 2024
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.
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Housing Wire
SEPTEMBER 26, 2024
Elevated mortgage rates have strained housing affordability for more than two years. With rates now falling — and more downward movement expected after the Federal Reserve ‘s recent interest rate cut — two new reports suggest that affordability is getting better too. The third-quarter 2024 housing affordability report from Attom says that falling mortgage rates, rising wages and slower home-price growth has made the expenses of buying and owning a home slightly more affordable.
Real Estate News
SEPTEMBER 26, 2024
While touring is up, mortgage purchase applications and pending sales are subdued. Inventory shows some promise but “extra stale” listings have increased.
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Housing Wire
SEPTEMBER 26, 2024
The American dream of homeownership is slipping away for many, as the gap between wages and home prices continues to widen. In the 1970s, home prices aligned more closely with income levels. Today, escalating real estate costs—particularly in high-cost areas—are pricing millions of Americans out of the housing market. One potential solution? Extending the traditional 30-year mortgage to 40 or even 50 years.
Real Estate News
SEPTEMBER 26, 2024
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.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
SEPTEMBER 26, 2024
The Rocky Mountain State revokes troubled brokerage’s license over 40-year right-to-list agreements as Minnesota joins 10 other states in filing suit.
Housing Wire
SEPTEMBER 26, 2024
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
Inman
SEPTEMBER 26, 2024
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.
Housing Wire
SEPTEMBER 26, 2024
As a vast majority of older adults prefer to remain in their current homes as they age, a key to successfully aging in place lies in preparation and adequate understanding of the dwelling, according to a new examination by the The Wall Street Journal. The report cited 2021 data from Harvard University ’s Joint Center for Housing Studies , which showed that nearly nine in 10 people age 65 and older lived in their own homes, but an ongoing issue relates to the homes themselves.
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.
Inman
SEPTEMBER 26, 2024
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.
Housing Wire
SEPTEMBER 26, 2024
New York-based Simplist Technologies , which has developed a consumer-facing mortgage platform, introduced a new software solution on Thursday for mortgage professionals that combines a loan origination system (LOS) with a point-of-sale system (POS). The integrated platform, known as Sonar , has artificial intelligence (AI) capabilities to automate rote tasks and speed up workflow processes.
Inman
SEPTEMBER 26, 2024
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.
Housing Wire
SEPTEMBER 26, 2024
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.
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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.
Inman
SEPTEMBER 26, 2024
Two companies in the pre-sale home renovation business, BOSSCAT and HouseAmp, agree to work together to streamline services.
Housing Wire
SEPTEMBER 26, 2024
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.
Inman
SEPTEMBER 26, 2024
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.
Housing Wire
SEPTEMBER 26, 2024
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.
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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.
Inman
SEPTEMBER 26, 2024
"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.
Bigger Pockets
SEPTEMBER 26, 2024
The Fed’s recent rate cut signaled something clear about the US economy, but what are they trying to say?
Inman
SEPTEMBER 26, 2024
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.
Estate Agent Today
SEPTEMBER 26, 2024
Poor sales progression is costing agents an estimated £938,697 per brand or £97,274 per branch annually, research suggests.
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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.
Inman
SEPTEMBER 26, 2024
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.
Calculated Risk Real Estate
SEPTEMBER 26, 2024
It has been over 18 years since the bubble peak. In the July Case-Shiller house price index released on Tuesday, the seasonally adjusted National Index (SA), was reported as being 74% above the bubble peak in 2006. However, in real terms, the National index (SA) is about 11% above the bubble peak (and historically there has been an upward slope to real house prices).
Inman
SEPTEMBER 26, 2024
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.
RIS Media
SEPTEMBER 26, 2024
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.
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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.
Inman
SEPTEMBER 26, 2024
Pending home sales edged up 0.6 percent in August, as declining mortgage rates made home purchases more affordable, according to data released Thursday by the National Association of Realtors.
RIS Media
SEPTEMBER 26, 2024
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.
Inman
SEPTEMBER 26, 2024
Inman Connect New York is renowned for gathering the brightest minds in real estate, offering unparalleled access to expert insights and networking opportunities. This January, join industry leaders at the Hilton Midtown for transformative discussions on technology, branding and marketing strategies to propel your business into 2025. Discover how to leverage this premier event to enhance your professional growth and adapt to the ever-changing real estate landscape.
RIS Media
SEPTEMBER 26, 2024
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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