Tue.Dec 26, 2023

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Trends 2024: The 4 portal giants and the battle for dominance

Real Estate News

Home search sites have become an integral part of the real estate industry, for agents and consumers alike. Where do they stand, and what’s next for portals?

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How analysts see 2024 shaping up for mortgage lenders

Housing Wire

Kyle Joseph, a specialty finance equity research analyst at Jefferies , believes that the worst of the current mortgage cycle may be behind us, a sentiment shared by most analysts covering this industry. “Barring any sort of unforeseen consequences, I’d like to think so , ” Joseph said in an interview. “Obviously, this cycle was fast and furious – for lack of a better term – in terms of how quickly rates went up, and volumes basically got cut into a third of what they wer

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Home prices hit record highs, with more gains likely

Real Estate News

Despite 8% interest rates in October, annual home price growth continued to increase in most markets, the latest Case-Shiller report shows.

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Hackers accessed data of 1.3M customers in Fidelity cyberattack

Housing Wire

Mortgage subservicer Loancare informed authorities that the data of about 1.3 million customers was compromised following a cyberattack in November on its parent company, the big four title firm Fidelity National Financial (FNF). This data includes customers’ social security numbers. The company informed officials in Maine and California that 1,316,938 customers had information accessed by hackers during the incident.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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Get Ready To Buy a Home by Improving Your Credit Score

Keeping Current Matters

As the new year approaches, the idea of buying a home might be on your mind.

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Home prices climbed in October at fastest annual rate

Housing Wire

Despite lower sales activity, home prices continued their upward trend in October, according to the S&P CoreLogic Case-Shiller Home Price Index. Real estate experts say the performance reflects limited inventory in the country, a problem expected to continue in 2024. The data released on Tuesday shows that home prices in all nine U.S. census divisions posted a 4.8% annual gain in October, up from a 4% gain in the previous month.

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Home prices increased 6.3% over last year in October: FHFA

Housing Wire

U.S. house prices increased year over year in October, according to the Federal Housing Finance Agency (FHFA) House Price Index. However, the data shows it slowed down compared to the previous month. In fact, home prices climbed 6.3% from October 2022 to October 2023, compared to 5.5% year over year in September, according to the FHFA HPI released on Tuesday.

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The race to the bottom is about to begin in the real estate industry

Inman

According to New Orleans Realtor Grant Clayton, it's time for the real estate industry to stop arguing about what's best for agents and lean in by doing what's best for clients.

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Mortgage rates — not commission lawsuits — will be the story in 2024 for publicly traded brokerages

Housing Wire

There is no question that the headline of the year in 2023 for many publicly traded brokerages was the commission lawsuits. But in 2024, industry analysts believe mortgage rates will be the primary focus for many firms. “I don’t think the lawsuit storyline is very relevant from the perspective of volumes and home shopping behavior,” Ryan Tomasello of KBW said.

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Connections that last should be the foundation of your business

Inman

Las Vegas Realtor and new Inman contributor John Sullivan says lasting success in real estate comes less from transactions and more from connections that are nurtured for the long term.

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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

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.

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6 best Michigan real estate schools for 2024

Housing Wire

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. To find the best Michigan real estate school with expert instruction and valuable study resources, look no further than our Michigan real estate school guide. From Ann Arbor to Grand Rapids and Birmingham, MI, we’ve done extensive research to find the leading real estate classes in Michigan to help make your new career a reality.

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After a big 2023, make no mistake: Artificial intelligence is here to stay

Inman

A year after ChatGPT burst onto the scene, real estate professionals told Inman that AI and AI-backed companies are on the way to becoming a baked-in part of the modern real estate business.

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7 best real estate schools in North Carolina (NC) for 2024

Housing Wire

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. You’ll need to complete 75 hours of prelicensing classes to get licensed as a real estate agent in North Carolina. We’ve done the research for you, evaluating the many courses available to pinpoint the best real estate schools in North Carolina to help you pass the state exam and set you up for early career success.

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Title insurer First American and many subsidiaries remain offline

Inman

The Dec. 20 cybersecurity incident has derailed closings and generated complaints about the lack of communication since the company took some systems offline.

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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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Case-Shiller: National House Price Index Up 4.8% year-over-year in October

Calculated Risk Real Estate

S&P/Case-Shiller released the monthly Home Price Indices for October ("October" is a 3-month average of August, September and October closing prices). October closing prices include some contracts signed in June, so there is a significant lag to this data. Here is a graph of the month-over-month (MoM) change in the Case-Shiller National Index Seasonally Adjusted (SA).

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Will Perisphere and other AI-fueled startups pilfer clients from agents?

Inman

Perisphere uses an onboard computer vision solution and 0 percent commission model to help consumers self-direct transactions. And it's using current consumer sentiment against agents to promote the tool.

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Coldwell Banker Real Estate Secures 2024 Women’s Choice Award for Seventh Consecutive Year

Coldwell Banker

More than 85% of female customers praise Coldwell Banker in women’s choice award survey, reinforcing commitment to customer empowerment and excellence The post Coldwell Banker Real Estate Secures 2024 Women’s Choice Award for Seventh Consecutive Year appeared first on Coldwell Banker Blue Matter.

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Domicile takes gamification of Zillow-scrolling to whole new level

Inman

The app is the first-ever game to pull real-time MLS data to merge gaming with an ever-changing real estate market where users can guess home prices and connect with agents.

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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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Year in Review: Luxury Home Highlights from 2023

Sotheby's International Real Estate

Joseph Barbieri – Sotheby’s International Realty Greenwich Brokerage What constitutes a luxury home? There was no singular answer to that question in 2023, as every month produced a pageant of some of the most exemplary and visionary properties on earth. Some are chic and innovative, featuring the latest technology and forward-thinking approaches to indoor-outdoor living.

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LoanCare says data breach affected 1.3M mortgage customers

Inman

Parent company Fidelity National Financial has not said whether other subsidiaries were affected in cybersecurity incident it discovered and contained in November.

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Commercial Real Estate: The “Buy Box” for Buying BIG Properties

Bigger Pockets

For the past year, commercial real estate has been the disappointing big brother of rental properties. As housing prices went up, commercial real estate prices went down.

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House Hacking spiked amid COVID. In 2024, it will be a household name

Inman

Last month, Fannie Mae lowered its down payment minimum for some properties, clearing a path for investors like Alejandro and Jessicas Cuevas, who bought in Chicago with hacking in mind.

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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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Most Popular Stories 2023: Woman Fights Home Investors in Court, Gingerbread House for Sale

Brownstoner

The end of 2023 is nearly here, which means it is time to look back at the year’s most popular stories. Grabbing readers’ attention in 2023 were posts on affordable housing lotteries, while controversies and achievements focused on homeownership also ranked highly. Click through the list below to find our… Read More > The post Most Popular Stories 2023: Woman Fights Home Investors in Court, Gingerbread House for Sale appeared first on Brownstoner.

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Dava Davin on running the No. 1 indie brokerage in Maine

Inman

The brokerage owner sat down with Inman ahead of her appearance at Inman Connect New York in January to discuss career shifts, the market and what's ahead in 2024.

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Buying an Off-Plan Townhouse in Dubai

Realty Biz

Entering the world of real estate investment In Dubai often involves considering the options of buying an off-plan property. This is particularly true when it comes to townhouses which have experienced a significant surge in demand over the last few years. Buying off plan involves buying a property before its completion and doing so primarily based on architectural plans and designs as per the sales brochures.

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US home prices tally biggest uptick of 2023 amid steep mortgage rates

Inman

The S&P CoreLogic Case-Shiller National Home Price Index posted a yearly increase of 4.8 percent during October, their fastest annual rate increase of 2023.

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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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Top Posts: Building Materials

Eye on Housing

With the end of 2023 approaching, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. Trends concerning building material pricing were examined monthly by David Logan. In May, David reported on a pivot for aggregate building material price growth. Building Materials Prices Fall for Second Month Straight This December post details.

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MyHome expands menu of lender services with Volly acquisition

Inman

Volly's customer relationship management, lead conversion and portfolio retention tools will be offered to lenders through WFG Enterprise Solutions.

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ICE solidifies position as the dominant player in the mortgage tech space in 2023

Housing Wire

The mortgage tech industry has taken its fair share of punches in 2023. But for Intercontinental Exchange, Inc. (ICE), it was a year of solidifying its dominance in the mortgage space. It’s been more than a year since ICE’s acquisition of mortgage data juggernaut Black Knight for $11.9 billion , the watershed moment in the mortgage tech space that integrated two of the industry’s biggest rivals.

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FHFA’s National Mortgage Database: Outstanding Mortgage Rates, LTV and Credit Scores

Calculated Risk Real Estate

Here are some graphs on outstanding mortgages by interest rate, the average mortgage interest rate, borrowers’ credit scores and current loan-to-value (LTV) from the FHFA’s National Mortgage Database through Q3 2023 (released last Friday). Current Outstanding Mortgage Rates Here is some data showing the distribution of interest rates on closed-end, fixed-rate 1-4 family mortgages outstanding at the end of each quarter since Q1 2013 through Q3 2023.

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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.