Tue.Nov 19, 2024

article thumbnail

Here’s why we won’t build millions of new homes

Housing Wire

We heard a lot about the need for millions of new homes during the run-up to the election, so I can imagine how shocked some people are to see today’s report on housing starts and permits at recession levels. Minneapolis Fed President Neel Kashkari recently stated that housing demand is high so the clearance rate (mortgage rates) should be higher.

article thumbnail

Phoenix association offers MLS access without Realtor membership

Real Estate News

The new, lower-cost program also includes access to legal forms and training, and is being rolled out as NAR’s three-way agreement faces greater scrutiny.

MLS 309
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Credit bureaus will push to scale back mortgage trigger leads bill

Housing Wire

The passage of the mortgage trigger lead bill as proposed in the U.S. Congress will face a challenge from a new plan expected to be released this week by representatives of the consumer reporting industry, HousingWire has learned. In September, Senate Armed Services Committee Chairman Jack Reed (D-R.I.) included U.S. Senate Amendment 2358 — known as the Homebuyers Privacy Protection Act of 2024 — in the Senate’s Fiscal Year 2025 National Defense Authorization Act (NDAA).

Mortgages 397
article thumbnail

Why NAHREP is speaking out in favor of Clear Cooperation

Real Estate News

The National Association of Hispanic Real Estate Professionals says the much-debated policy “helps ensure all buyers have equal access to available properties.

202
202
article thumbnail

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.

article thumbnail

Bipartisan congressional caucus calls on FHFA to halt title waiver program

Housing Wire

The Bipartisan Congressional Real Estate Caucus is calling on the Federal Housing Finance Agency (FHFA) to cease its pilot program for title insurance waivers until the program is vetted and the agency seeks public input on it. The caucus expressed this view in a letter written by Reps. Lou Correa (D-Calif.), Mark Alford (R-Mo.), Tracey Mann (R-Kan.) and Brittany Pettersen (D-Colo.) and sent to FHFA Director Sandra Thompson on Monday.

Title 344
article thumbnail

Why FICO's fee increase has angered the mortgage industry

Real Estate News

The credit-scoring company's near-monopoly has allowed it to set prices relatively unchecked, leaving mortgage lenders and borrowers at its mercy.

More Trending

article thumbnail

7 elements for crafting airtight contracts in a post-Sitzer world

Inman

As real estate continues to evolve in a post-Sitzer | Burnett era, contract documents are likely to be refined and modified to reflect current trends, broker Cara Ameer writes.

MLS 157
article thumbnail

Reducing risk: Optimizing printer and computer configuration

Housing Wire

In today’s fast-paced digital environment, it’s easy to get caught up in day-to-day tasks, but cybersecurity requires a proactive approach. This installment of our “Reducing Risk” series delves into how configuring your printers and computers with only the necessary capabilities can reduce cyber threats and protect your sensitive data. By taking a strategic approach to device configuration, you can build a more resilient defense against potential cyber-attacks.

Design 348
article thumbnail

In the courts: Settlement objectors, Homie, and mandatory membership

Real Estate News

Judge holds firm on rules for objectors to NAR settlement; Homie says defendants created a "weapon"; another broker challenges association membership.

153
153
article thumbnail

Seniors are in the sweet spot for tapping into home equity

Housing Wire

Homeowners are sitting on a record level of about $35 trillion in home equity — more than double the equity levels recorded prior to the financial crisis and housing market collapse of the late 2000s. But as the share of first-time homebuyers gets smaller — and older — it’s not a given that homeowners will be able to tap that resource, according to reporting by The Wall Street Journal.

Equity 333
article thumbnail

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.

article thumbnail

7 inexpensive ways to say ‘thank you’ this Thanksgiving

Inman

It's gratitude season, Darryl Davis writes, so let's show how much our colleagues, clients, vendors and friends mean with these affordable and original gift ideas.

Closing 154
article thumbnail

Corcoran Group enters Washington, D.C., with a new affiliate

Housing Wire

The Corcoran Group is making moves in the Washington, D.C., metropolitan area. On Tuesday, the Anywhere brand announced the launch of Corcoran McEnearney , marking the entrance of the Corcoran Affiliates network into the nation’s capital. “We are thrilled to welcome Corcoran McEnearney, an impressive and well-respected company with a well-earned reputation for excellence and integrity,” Stephanie Anton , the president of Corcoran Affiliates, said in a statement.

Principal 254
article thumbnail

After NAR NXT, it’s clear: NAR is leading us into more lawsuits 

Inman

This is a moment of transformation in our industry, and you have a choice: adapt or fall behind, coach Darryl Davis writes. Don’t wait for the market to dictate your future. Take control.

article thumbnail

Coldwell Banker CEO highlights crucial role of communication skills for agent development

Housing Wire

In the newest episode of the RealTrending podcast , host Tracey Velt sits down with Kamini Lane, CEO and president of Coldwell Banker Realty. In this fireside chat, Velt and Lane explore her approach to leadership, Coldwell Banker’s unique focus on agent development and its training program that is designed to teach effective communication. Lane also shares key takeaways from her first year of leading Coldwell Banker following her previous role as president of Sotheby’s International Realty.

article thumbnail

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.

article thumbnail

With focus on mortgage business, Zillow launches ‘BuyAbility’ tool

Inman

Zillow releases a new “BuyAbility” tool it says helps consumers find homes they can actually afford to buy after accounting for more variables.

Mortgages 166
article thumbnail

Lamacchia Realty acquires Stone Ridge Properties

Housing Wire

Lamacchia Realty is continuing its acquisition spree. On Tuesday, the New England-based firm announced its acquisition of Massachusetts -based Stone Ridge Properties. The financial terms of the deal were not disclosed. Founded in 1990, Stone Ridge Properties has offices in Amesbury and Newburyport, Massachusetts. It is owned by Cathy Toomey, Celine Muldowney, Erica Puorro, Marc Ouellet, Nick Motsis and Sandy Berkenbush.

Agents 242
article thumbnail

Is Wall Street Really Buying All the Homes?

Keeping Current Matters

Let’s be real – buying a home right now is tough.

213
213
article thumbnail

25 contract terms every new agent should master before 2025

Inman

Cara Ameer and Nicole Solari share the 25 terms that are crucial for new agents to explain to buyers and sellers without the benefit of crib notes.

Agents 138
article thumbnail

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.

article thumbnail

Daily Links: Rise in Food Pantry Use Shows New Yorkers Struggling, Leaders Say

Brownstoner

In the News Opponents Renew Attacks as Congestion Pricing Plan Approved [NYT] Will a $9 Toll Yield Enough Money to Fix the Subway? [NYT] How Red Hook Became Instrumental in the Rise of the NY Mafia [NYP] Two Pedestrians Fatally Struck in Brooklyn Over Weekend [amNY] Vigil for Mother Who Died Giving Birth at Woodhull… Read More > The post Daily Links: Rise in Food Pantry Use Shows New Yorkers Struggling, Leaders Say appeared first on Brownstoner.

99
article thumbnail

Corcoran Group enters nation’s capitol with new franchise

Inman

In welcoming Corcoran McEnearney to its network, the brand grows the number of Corcoran-affiliated agents by nearly 10 percent. The new company will have offices in D.C., Maryland, Virginia and West Virginia.

Branding 105
article thumbnail

Adapting to Today’s Post-Settlement Environment

RIS Media

With over 84,000 subscribers throughout Florida and Puerto Rico, understanding the MLS landscape is increasingly essential as the industry adapts to the new way of conducting business in today’s post-settlement environment. Committed to driving progress and innovation in the real estate industry, Stellar MLS continues to stand by its motto as the organization adjusts to… The post Adapting to Today’s Post-Settlement Environment appeared first on RISMedia.

MLS 105
article thumbnail

Russian billionaire’s penthouse among top Manhattan contracts

Inman

Penthouses asking $45 million and $39 million topped Manhattan luxury contracts during the week ending Nov. 17, according to Olshan Realty's weekly luxury report. A total of 37 contracts were signed on properties priced $4 million and up.

article thumbnail

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.

article thumbnail

Brooklyn Real Estate Listings Six Months Later: Three Sold, One off the Market

Brownstoner

This week, a look back at four of our featured listings from six months ago focuses on homes in Fort Greene, Carroll Gardens, and Boerum Hill. How did they fare? At 11 South Oxford Street, this grandly scaled brownstone still has some impressive period details like marble mantels, pier mirrors, and… Read More > The post Brooklyn Real Estate Listings Six Months Later: Three Sold, One off the Market appeared first on Brownstoner.

article thumbnail

The Keyes Company rolls out brand refresh ahead of 100th anniversary

Inman

The rebranding effort, a collaboration with Tiny Wins, a prominent agency known for clients such as Tony Robbins, Visa and CBRE, includes a fresh visual identity, advanced technology tools and a renewed commitment to customer-focused service.

Branding 100
article thumbnail

Coldwell Banker Real Estate Announces 2024 “30 Under 30” Award Recipients

Coldwell Banker

Top-performing brand affiliated real estate professionals are recognized for their dedication to growing their business and serving the communities in which they work. The post Coldwell Banker Real Estate Announces 2024 “30 Under 30” Award Recipients appeared first on Coldwell Banker Blue Matter.

Branding 104
article thumbnail

Edina Realty settles for $3.5M over ‘secret’ home warranty payments

Inman

The deal will refund buyers and sellers after the brokerage allegedly failed to disclose to its clients that it had received payments from Home Security of America to advertise HSA's home warranties.

article thumbnail

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.

article thumbnail

Home-Financing Solutions From America’s Leading Loan Officer

RIS Media

From left, Shant Banosian and John Featherston. Photo by AJ Canaria. Few residential real estate professionals have their pulse on the mortgage industry more than Shant Banosian, EVP of sales at Rate (formerly Guaranteed Rate), in Waltham, Massachusetts. He’s been their top loan officer for nine consecutive years, and top officer nationwide for six years… The post Home-Financing Solutions From America’s Leading Loan Officer appeared first on RISMedia.

article thumbnail

Back-to-back storms tank pending home sales in Florida

Inman

Increasingly violent hurricane seasons and surging home insurance costs have tanked Florida's housing market, according to a Redfin market report published on Tuesday.

Sales 94
article thumbnail

Housing Starts Dinged by Rising Mortgage Rates

RIS Media

Recently rising mortgage rates have once again put pressure on housing construction, with housing starts falling month-over-month and year-over-year, according to the latest report. Housing starts decreased 3.1% from September to October to a rate of 1,311,000, according to the latest data from the U.S. Department of Housing and Urban Development and the U.S.

Mortgages 102
article thumbnail

RE/MAX’s Motto Mortgage bounces back with new offices

Inman

After seeing its open office count shrink this year for the first time ever, RE/MAX's mortgage franchisor brings new offices online in Arizona, South Carolina and Michigan.

article thumbnail

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.