Housing Wire
NOVEMBER 30, 2024
Despite initial concerns that tariffs would push mortgage rates up to 8% and reduce housing demand, this week has brought some encouraging news. The 10-year yield has remained stable at a crucial technical level and even reversed direction, resulting in improved mortgage rates. Additionally, housing demand has surprisingly held up, even with elevated mortgage rates.
Real Estate News
NOVEMBER 24, 2024
The agency takes no position on the settlement’s approval but says it’s not an antitrust shield — and expresses concern over buyer agent agreements.
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Inman
NOVEMBER 25, 2024
Ahead of a final Nov. 26 approval hearing on NAR's proposed class-action settlement, DOJ lawyers narrowed in on a provision requiring written agreements between buyers and agents before tours.
BAM Media
NOVEMBER 27, 2024
FIRST: Whatever you do, do NOT post or send a generic Happy Thanksgiving message. Nobody needs to see that RE/MAX branded turkey, and everyone already knows it’s Thanksgiving. Those posts don’t do anything for anyone. It’s not 2018 anymore, and a “post just to post” is not an effective strategy. View this post on Instagram A post shared by The Broke Agent | Real Estate Humor (@thebrokeagent) Okay, now we got that out of the way, here are five things you can post on Thanksgiving Day. 1.
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Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.
RIS Media
NOVEMBER 25, 2024
As a real estate broker, you know it’s important to get your clients’ homes sold quickly, for top dollar. One way to do this is to encourage them to fix up their homes before they put them on the market. There are many benefits to doing this. According to studies by the National Association of… The post Brokers Benefit When Homesellers Improve Homes Before Selling appeared first on RISMedia.
Brownstoner
NOVEMBER 13, 2024
Mayor Eric Adams on Tuesday raised concerns about City Council legislation that would relieve most renters from having to pay real estate broker fees, a day before the bill is expected to pass the chamber. During his weekly off-topic news conference on Nov. 12, Adams said that while he agrees with… Read More > The post Mayor Adams raises concerns over real estate broker fee bill set to get City Council vote Wednesday appeared first on Brownstoner.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
NOVEMBER 18, 2024
Leaders spent thousands on Hamilton tickets and other luxuries with corporate credit cards, as former execs stayed on the payroll, The New York Times reported.
Inman
NOVEMBER 21, 2024
Annual existing-home sales increased for the first time in more than three years in October, according to the National Association of Realtors. "The worst of the downturn in home sales could be over.
Estate Agent Today
NOVEMBER 28, 2024
The Guild of Property Professionals is advising estate agents to be proactive in informing buyers about the impending changes to Stamp Duty thresholds in England and Northern Ireland.
RIS Media
NOVEMBER 25, 2024
Less than 48 hours before tomorrow’s long-awaited NAR settlement approval hearing, the U.S. Department of Justice (DOJ) has raised concerns about the buyer-broker agreements stipulated in the proposed settlement. On Sunday evening, the DOJ filed a Statement of Interest (SOI) in the Burnett v. NAR et al lawsuit, which clarified that the DOJ’s lack of… The post DOJ Takes Issue With Buyer-Broker Agreements Ahead of Settlement Approval Hearing appeared first on RISMedia.
Speaker: Abdi Ali, Sr. Lease Accounting Consultant
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Brownstoner
NOVEMBER 25, 2024
An affordable housing lottery has opened for a new 21-story, 294-unit tower blocks away from Fort Greene Park, with apartments starting at $750 a month. The lottery for the 99 Fleet Place Apartments includes 76 units, all rent stabilized and income restricted, 62 of which could be deemed truly affordable. Those… Read More > The post Affordable Housing Lottery Opens for Fort Greene Tower With Units From $750 appeared first on Brownstoner.
Housing Wire
NOVEMBER 14, 2024
The Congressional Budget Office (CBO) this week published a report assessing the performance of government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac in reaching their single-family housing goals. The CBO found that the GSEs “met or exceeded” nearly all goals over a four-year period from 2018 to 2022. The CBO analyzed data from the Federal Housing Finance Agency (FHFA) data in its report.
Real Estate News
NOVEMBER 19, 2024
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.
Inman
NOVEMBER 26, 2024
Mortgage giants will be allowed to back loans of up to $1.2 million in high-cost markets, providing ammo to critics who say goverment backing for mortgages adds to affordability woes.
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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
NOVEMBER 20, 2024
The Government doesn’t have annual housebuilding targets but is confident that it will provide 1.5m new homes over the next five years, the Housing Minister has revealed.
BAM Media
NOVEMBER 18, 2024
The New York Times isn’t finished with its investigative reports on the National Association of Realtors (NAR). Last year, journalist Debra Kamin exposed allegations of sexual harassment and a toxic work environment within NAR, amplifying widespread scrutiny at a time when NAR was already dealing with multiple lawsuits and an investigation with the DOJ.
Brownstoner
NOVEMBER 27, 2024
New York City leads the United States in formerly industrial and retail spaces being converted into self storage over the last decade, according to a report by the self storage listing site Storage Cafe. In addition to having an abundance of industrial, commercial and office buildings that have outlived the companies… Read More > The post NYC leads United States in spaces being converted into self storage: report appeared first on Brownstoner.
Housing Wire
NOVEMBER 30, 2024
Communities across the country, particularly those that are popular among retirees, are seeing an influx of older residents as a “silver tsunami” — based on population rather than housing inventory — prepares to wash over them. South Florida — already a popular retirement destination due to its warmer year-round climate — has been struggling with a higher concentration of older residents and is poised to take on even more, according to local reporting from The Palm Beach Post.
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Real Estate News
NOVEMBER 9, 2024
Robert Reffkin said “it’s only a matter of time” before Zillow becomes a national MLS. Zillow, meanwhile, advocated for a strong MLS and equal access to data.
Inman
NOVEMBER 26, 2024
Adjustment for rising home prices increases FHA ceiling in high-cost markets like New York, San Francisco and Washington, D.C., and raises the floor in low-cost markets to $524,225.
Estate Agent Today
NOVEMBER 27, 2024
Just when I thought property agent regulation was something of a lost cause, it’s suddenly back on the agenda. I’m aware that it’s a contentious issue within the industry but I have thrown my weight behind regulation for a variety of reasons.
Bigger Pockets
NOVEMBER 25, 2024
The work-from-home phenomenon—incorporated during and after the pandemic—may be ending as more companies demand that workers return to the office. That’s good news for both corporate and residential landlords.
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
NOVEMBER 26, 2024
Property ownership is more than a financial investment; it is an embodiment of the American Dream and the foundation of solid and prosperous communities. However, an alarming practice known as home equity theft undermines the value of this investment, jeopardizing the hard-earned equity that families build over a lifetime through homeownership. Home equity theft allows… The post Protecting Home Equity: A Call to End Unjust Tax Foreclosure Policies appeared first on RISMedia.
Housing Wire
NOVEMBER 15, 2024
Jerome Powell , the chair of the Federal Reserve , said on Thursday that the U.S. economy is “not sending any signals that we need to be in a hurry to lower rates.” The statement was enough to raise mortgage rates to an even higher level, a sharp departure from the optimism lenders experienced during the September rally, which now seems like a distant memory.
Real Estate News
NOVEMBER 29, 2024
As household composition shifts, builders look to the starter homes of yesteryear to deliver more practical, affordable single-family homes for today’s buyers.
Inman
NOVEMBER 21, 2024
Fannie Mae and MBA forecasts dampened expectations for projected home sales in 2025 while offering a more cautious outlook on the prospects of mortgage rates coming down in the new year.
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Estate Agent Today
NOVEMBER 20, 2024
The hike to the additional rate of Stamp Duty in the Autumn Budget is having an immediate impact on the market, research suggests. Analysis by GetAgent has found that more than one in five agents experienced a fallout as a result of the increase from 3% to 5% for landlords and second homeowners.
Calculated Risk Real Estate
NOVEMBER 21, 2024
As expected, existing home sales were up year-over-year for the first time since 2021. This was a combination of weak sales in October last year and lower mortgage rates in August and September when contracts were signed (Existing home sales are reported at closing). From the NAR: Existing-Home Sales Grew 3.4% in October; First Year-Over-Year Gain Since July 2021 Existing-home sales rose in October, according to the National Association of REALTORS® Sales improved in all four major U.S. reg
RIS Media
NOVEMBER 22, 2024
The real estate software firm and data provider PropStream has announced its latest platform enhancement: PropStream Intelligence. Driven by machine learning and predictive analytics, PropStream Intelligence is designed to help real estate professionals find leads. The tool’s features include: Property Condition Analysis: Uncover a property’s condition at a glance using a strategic grading system, as… The post PropStream Unveils New Predictive AI Tool: PropStream Intelligence appeared fir
Housing Wire
NOVEMBER 26, 2024
Did today’s new home sales report really show an epic crash in sales? New home sales reports can be quite volatile from month to month. When I notice a significant increase or decrease compared to estimates, I often suspect that revisions will be made or that a one-time event may have influenced the figures. In this case, several factors contributed to the substantial decline in new home sales.
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.
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