Housing Wire
OCTOBER 26, 2024
Since mid-2022 when mortgage rates headed higher , two facts have been apparent: new listings data has been trending at the lowest levels ever recorded in history and inventory has been able to grow from record low levels thanks to mortgage rates staying elevated. We’ve seen some growth in new listings this year compared to 2023 levels, which is good for housing.
Real Estate News
OCTOBER 23, 2024
From agent pay to association changes, a new report identifies 20 ways the industry can improve itself — and help homebuyers and sellers in the process.
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Inman
OCTOBER 30, 2024
Tanya Monestier says the settlement "reinforces the existing system of seller-paid inflated compensation while pretending to eliminate it" as attorneys walk away with $333 million in cash.
Keeping Current Matters
OCTOBER 22, 2024
If your goal is to sell your house in 2025, now’s the time to start prepping.
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.
Bigger Pockets
OCTOBER 21, 2024
Proposition 33—a measure on this year’s California election ballot that would increase rent control laws by limiting the amount landlords can charge for rent, regardless of an apartment’s rental history, […]
Eye on Housing
OCTOBER 23, 2024
While the lack of affordable housing dominates the headlines across the nation, congressional districts with higher shares of renter households are disproportionately affected by the current affordability crisis. Geographically, the districts with the largest housing cost burdens are heavily concentrated in California, Florida, and the coastal Northeast.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
OCTOBER 29, 2024
A law professor filed a lengthy objection calling it “the worst of all possible worlds,” raising concerns about “chaos and frustration” as well as legal fees.
Inman
OCTOBER 31, 2024
Commissions have been slowly declining over the last decade, but since the NAR settlement terms went into effect this summer, buyer's agent commissions have seen little impact.
Brownstoner
OCTOBER 4, 2024
Another beloved Brooklyn business is biting the dust, and more changes are coming to its busy thoroughfare. Desert Island comic store announced on Instagram yesterday that it would be closing its doors come the end of the year due to the landlord almost doubling the rent. Desert Island opened at 540… Read More > The post Beloved Williamsburg Comic Store Desert Island to Close Due to Rent Hike appeared first on Brownstoner.
Bigger Pockets
OCTOBER 30, 2024
Recently, we shared “8 Reasons Why REITs Are More Rewarding Than Rentals.” In short, studies show that REITs earn 2% to 4% higher annual returns than private real estate.
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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.
RIS Media
OCTOBER 23, 2024
In September, total existing-home sales—completed transactions that include single-family homes, townhomes, condominiums and co-ops—receded 1% from August to a seasonally adjusted annual rate of 3.84 million. Year-over-year, sales waned 3.5% (down from 3.98 million in September 2023). Existing-home sales dropped to a 14-year low, likely as prospective buyers held out for lower mortgage rates, with… The post Existing-Home Sales Fall 1% in September, a 14-Year Low appeared first on RISMedia.
Housing Wire
OCTOBER 21, 2024
Another regulator has sued Rocket Mortgage for allegedly discriminating against a Black homeowner by undervaluing her home during an appraisal in Colorado three years ago. And the Detroit-based lender believes it’s a “massive overreach.” On Monday, the U.S. Department of Justice —following a move made by the U.S. Department of Housing and Urban Development (HUD) in July—filed a lawsuit against the lender, appraiser Maksym Mykhailyna and his company, Maverick Appraisal Group ,
Real Estate News
OCTOBER 3, 2024
In its latest consumer guide, the association offers general education about MLSs while alluding to the ongoing debate over its Clear Cooperation Policy.
Inman
OCTOBER 31, 2024
Judge Stephen Bough granted approval for settlements involving Compass, Douglas Elliman, @properties and other companies. Collectively, the companies will pay $110 million to resolve the litigation.
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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.
Estate Agent Today
OCTOBER 6, 2024
Buying a property is becoming a ‘challenging prospect’ for many despite recently falling mortgage rates, Propertymark claims, as two separate pieces of research highlight the difficulties facing buyers.
Bigger Pockets
OCTOBER 9, 2024
The BRRRR strategy (buy, rehab, rent, refinance, repeat) is based on finding discounted properties, fixing them up, renting them out, refinancing, and socking away the cash flow with a long-term tenant, and repeating the process until you have amassed a sizable monthly cash flow. In 2024, I largely believe that it's unrealistic.
RIS Media
OCTOBER 16, 2024
Above, Sarah Galperin In the luxury real estate arena, where trust and exclusivity are paramount, Sarah Galperin of Compass Florida is reshaping the standards of success. With a background in fashion and photography, Galperin brings a creative edge to marketing properties, turning each listing into a sought-after masterpiece. Her secret? Building deep connections and offering… The post Women in Real Estate: Unlocking Value With Niche Strategies appeared first on RISMedia.
Housing Wire
OCTOBER 31, 2024
California-based personal finance company NerdWallet has struck a deal to acquire brokerage firm Next Door Lending. Jonathon Haddad, chairman and CEO of the Association of Independent Mortgage Experts (AIME), is one of the owners of Next Door. As part of the deal that closed Oct. 1, NerdWallet is paying $1 million in cash for the outstanding equity interests of Next Door.
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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.
Brownstoner
OCTOBER 9, 2024
In a rare case of the state blocking a property sale over questionable dealings, a judge has sided with the attorney general in a long running drama that has pitted locals and preservationists against a developer and a nonprofit in Bed Stuy. In a dramatic development, a Kings County Supreme Court… Read More > The post Court Nixes Sale of Dangler Mansion Site, Throwing Its Future Into Question appeared first on Brownstoner.
Inman
OCTOBER 28, 2024
Real estate agent Suzanne Simpson has been missing since Oct. 7. Olmos Park authorities have arrested her husband, Brad, for obstructing a search of the couple's home last week.
Marco Santarelli
OCTOBER 13, 2024
Ever dreamed of building a serious real estate portfolio? Finding the 10 best real estate markets for investors is the first step to making that dream a reality. It's not just about luck; it's about smart choices, solid research, and knowing where the opportunities are hiding. This guide dives deep into ten markets currently showing impressive growth potential for investors, but remember: real estate investment involves risk.
Bigger Pockets
OCTOBER 25, 2024
Not long after Hurricane Milton—the second-most intense Atlantic hurricane ever recorded—as well as Hurricane Helene left a trail of destruction in Florida, construction resumed in flood-prone areas affected by the […]
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.
RIS Media
OCTOBER 24, 2024
Since inception, the MLS was defined as participating in cooperation and the offer of compensation between brokers. The second half of compensation has been carved away for now. What we have left is cooperation. In my business, I see how cooperation helps consumers daily. There’s an opportunity for MLSs to help seller financing for repairs… The post Is Clear Cooperation Really Helping the Broker and the Seller Today?
Housing Wire
OCTOBER 17, 2024
The U.S. economy appears to be on firmer footing than previously thought, mortgage rates are forecast to end 2024 at 6% and home-price growth is also on the move. These are conclusions drawn by economists at Fannie Mae ‘s Economic and Strategic Research (ESR) Group. They’re now projecting gross domestic product (GDP) growth to fall from 3.2% in 2023 to 2.3% in 2024 and 2% in 2025.
Brownstoner
OCTOBER 30, 2024
The controversial proposal to rezone the Arrow Linen site in Park Slope to make way for two at least 13-story apartment towers has gained the support of Brooklyn Borough President Antonio Reynoso, but Reynoso is calling on developers to deepen the project’s affordability as a condition of his support. Following… Read More > The post BP Backs Controversial Arrow Linen Project, But With More Affordable Units appeared first on Brownstoner.
Inman
OCTOBER 23, 2024
Robert Kramer listed his home for sale without using an agent three years ago. The price is $200,000 above some estimates. He raises it $3,600 every month and is still waiting for the right buyer.
Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.
In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.
Eye on Housing
OCTOBER 18, 2024
With the Federal Reserve beginning an easing of monetary policy and builder sentiment improving, single-family starts posted a modest gain in September while multifamily construction continued to weaken because of tight financing and an ongoing rise in completed apartments. Overall housing starts decreased 0.5% in September to a seasonally adjusted annual rate of 1.35 million.
Bigger Pockets
OCTOBER 23, 2024
For real estate investors, the end of the year isn’t just about closing deals—it’s about making smart moves that could save you thousands on your tax bill.
RIS Media
OCTOBER 25, 2024
The residential real estate market has an inventory shortage, while commercial real estate is experiencing high vacancy rates due to shifts away from in-office mandates. The two birds with one stone solution has been to convert unused office buildings into multi-unit residential buildings. Cities such as Boston have even passed tax breaks to incentivize developers… The post Co-Living Could Be the Answer to Office Conversions appeared first on RISMedia.
Housing Wire
OCTOBER 29, 2024
Is home-price growth finally cooling? That’s a question raised by the S&P CoreLogic Case-Shiller Index for August, which showed deceleration on a year-over-year basis and a slight dip relative to July. On a non-seasonally adjusted basis, the national home price index posted a 4.2% gain year over year, less than the 4.8% gain from July. The monthly index fell by 0.1%.
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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.
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