July, 2024

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Buyers backing out of deals in record numbers as market shifts

Real Estate News

Upward of 56,000 home purchase contracts — nearly 15% of all such contracts from June — were canceled, a new report found, largely due to affordability issues.

Marketing 334
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The financial strength of US homeowners is a cushion against a downturn

Housing Wire

With the release of the CoreLogic 2024 Q1 Equity Insights report, which Logan discussed last week , and now the FHFA National Mortgage Database Aggregate Statistics , we have a lot of visibility into the financial position of the American homeowner. The important message in the mortgage data is that even as the economy perhaps finally slows and even as mortgage rates stay higher for longer than anyone expected, the housing market remains buoyed by an incredible cushion of very strong borrowers.

Equity 545
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Real Estate Still Holds the Title of Best Long-Term Investment

Keeping Current Matters

With all the headlines circulating about home prices and mortgage rates, you may be asking yourself if it still makes sense to buy a home right now, or if it’s better to keep renting.

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Rapidly growing Real Brokerage surpasses 20K real estate agents

Inman

The publicly traded real estate brokerage reached the milestone on its 10th anniversary and set its sights on a closing-bell celebration at the Nasdaq exchange Tuesday afternoon.

Brokerage 201
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Ready for the Post-NAR Lawsuit Landscape? Get the Broker Action Plan

Now more than ever, agents need 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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NAR’s Yun Predicts Interest Rate Cuts, With More to Come in 2025

RIS Media

Interest rates may be seeing their first cut this fall, possibly even as soon as September, according to the National Association of REALTORS®’ (NAR) Chief Economist Lawrence Yun. Yun shared this prediction and more during NAR’s recent Residential Real Estate Forecast Summit for 2024. The biggest question looming on many in the industry’s minds is,… The post NAR’s Yun Predicts Interest Rate Cuts, With More to Come in 2025 appeared first on RISMedia.

More Trending

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DANGER Report follow-up to have new focus: Opportunity

Real Estate News

A sequel to the industry-challenging assessment is expected in early 2025 and will focus on the future. “The time is now for the industry to transform itself.

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Opinion: Brokers should consider a new model for post-Burnett world

Housing Wire

There is no escaping the reality that the recent NAR/Sitzer/Burnett settlements is already changing the real estate world as we know it. Amongst the most substantial terms of that agreement is a blanket ban on the requirement that agents subscribe to MLSs to offer or accept compensation for their work. There has been quite a bit of discussion already about how this will impact the traditional residential purchase.

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The Price of Perfection: Don’t Wait for the Perfect Home

Keeping Current Matters

In life, patience is a virtue – but in the world of homebuying, waiting too long in hopes of finding the perfect home actually isn't wise.

Agents 278
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Mortgage rates retreating from 7% on ‘massive’ revision to jobs report

Inman

After spiking after the June 27 presidential debate, mortgage rates are trending down again on mounting expectations that the Federal Reserve will start cutting rates in September.

Mortgages 201
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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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Preparing Your Home for Sale During a Divorce: A Step-by-Step Guide

RIS Media

Divorce is a challenging time and selling a home adds complexity. My guide offers a step-by-step approach to preparing your house for sale during a divorce, addressing legal, financial and emotional considerations. I have put considerable effort into educating you on the following topics: How to navigate the legal considerations of selling a home during… The post Preparing Your Home for Sale During a Divorce: A Step-by-Step Guide appeared first on RISMedia.

Sales 133
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When Will the Housing Market Crash Again?

Marco Santarelli

As the calendar flips to July 2024 , numerous homeowners and potential buyers are keenly observing the housing market. The pressing question on everyone's mind is: Will the housing market crash again, or are we in for a prolonged period of stability? This article delves into the current trends, expert opinions, and economic indicators to provide a comprehensive outlook on the future of the housing market.

Marketing 131
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Buyer agreements cannot be required, Colorado official says

Real Estate News

A letter to the state’s Realtor association also calls out consumer complaints about being “ensnared in contracts with brokers” they don’t want to work with.

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Owning Manhattan? How much business SERHANT.’s agents really do

Housing Wire

Since launching in late June, Ryan Serhant’s latest reality TV venture “ Owning Manhattan ” on Netflix , has become quite the phenomenon. Despite debuting on June 28, the show cracked Netflix’s top-10 most streamed shows in the U.S. for the week ending on June 30. The show stars Serhant, who is no stranger to reality TV, having spent a decade starring in Million Dollar Listing New York , among other shows, and several of SERHANT.’s agents and team leaders.

Agents 526
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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The Biggest Mistakes Sellers Are Making Right Now

Keeping Current Matters

The housing market is going through a transition.

Marketing 273
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Ed Zorn: Why mandatory buyer contracts are a ‘big consumer win’

Inman

California Regional MLS's general counsel talks offers of compensation, seller concessions, steering and buyer agency agreements ahead of his appearance at Inman Connect Las Vegas.

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Seattle OKs incentives for developers turning offices into housing

Seattle Times Real Estate

Seattle hopes to spur hundreds of new apartments in what are now empty office buildings, but converting buildings can be expensive and difficult.

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How to Negotiate Offers on Your Home: A Step-by-Step Guide

RIS Media

Negotiating offers on your home can be challenging yet rewarding. My guide will help you navigate this crucial phase, ensuring you get the best deal possible. I have put significant effort into explaining the following points in detail: Step-by-step negotiation tactics for homeowners How market conditions impact your negotiation strategy Effective methods for handling multiple… The post How to Negotiate Offers on Your Home: A Step-by-Step Guide appeared first on RISMedia.

Marketing 140
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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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Mortgage rates tumble; time for buyers to ‘get serious’

Real Estate News

Despite falling rates, homebuyer demand remains weak. Now could be a chance to make offers before inventory tightens and prices rise further, one expert says.

Mortgages 310
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International buyers purchase fewest existing homes on record: NAR

Housing Wire

International homebuyers purchased the fewest number of existing homes for any year since the National Association of Realtors (NAR) began tracking the data in 2009. On Wednesday, the trade group reported in its 2024 International Transaction in U.S. Residential Real Estate Report that the number of existing homes purchased by international buyers had fallen 36% year over year to 54,300 homes during the year ending in March 2024.

Sales 508
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U.S. Economic Growth Accelerated in Second Quarter

Eye on Housing

In the second quarter of 2024, the U.S. economy grew twice as fast as it did in the first quarter, supported by consumer spending and private inventory investment. Furthermore, the data from the GDP report suggests that inflation is cooling. The GDP price index rose 2.3% for the second quarter, down from a 3.1% increase.

As-is 122
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Keller Williams hits milestone: $2B in profits shared with agents

Inman

The company celebrated during a live "growth call" with leaders from more than 1,000 franchisees in the U.S. and Canada. Nearly 150 KW agents have earned more than $1 million in lifetime profit share.

Agents 196
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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.

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Tips For Selling Your Home in The Summer

Maximum Exposure Real Estate

For many people, summer holds an enduring appeal. It could be the memories of the end of the school year, taking in a baseball game with your dad, or even making your first few dollars from the lemonade stand you set up in your front yard. Whatever the case, summertime has some great memories associated […] The post Tips For Selling Your Home in The Summer appeared first on Maximum Real Estate Exposure.

Marketing 122
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Estate Planning for Family Members: A Comprehensive Guide

RIS Media

Estate planning is arranging for the management and disposal of a person’s estate during their life and after death. It ensures your assets are distributed according to your wishes and provides financial security for your family. I will provide the following information to educate you on the process: The essentials of estate planning and its… The post Estate Planning for Family Members: A Comprehensive Guide appeared first on RISMedia.

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How one major association is getting ahead of industry changes

Real Estate News

South Florida’s Broward, Palm Beaches & St. Lucie Realtors is taking a two-pronged approach, using ads to educate consumers while helping members stay informed.

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New listings have peaked for 2024: It’s the second-lowest year on record

Housing Wire

One of my critical forecasts for 2024 was the growth of new listings data and active inventory, even with higher mortgage rates. However, the new listings data has slightly disappointed me. Many of my CNBC interviews , starting from late last year and just last week , have been on this theme, and new listings have grown in 2024. But, I set targets with a minimum 80,000 new listings for at least one week at the seasonal peak and that didn’t happen; the peak so far was 72,329, and now we are enter

Mortgages 512
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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

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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Seattle area leads the world in big new tech office leases

Seattle Times Real Estate

The Seattle area's office market is a shell of its former self. But lately it's seen a surge in tech companies leasing more than they have in four years.

Marketing 129
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CAR changes commission-sharing on forms following DOJ inquiry

Inman

The California Association of Realtors says even though offers of compensation among brokers remain legal, members and their clients should not rely on "historically common practices.

MLS 194
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New York Makes Deed Theft a Crime, Protects Homeowners From ‘Predatory’ Sales

Brownstoner

Brooklyn homeowners now have significant new protections against predatory schemes on their property. Updates to existing laws enacted last week make deed theft a crime and bar LLCs from forcing sales of longtime family homes. The goal of the changes is “preserving intergenerational wealth, preserving communities, very much with a racial… Read More > The post New York Makes Deed Theft a Crime, Protects Homeowners From ‘Predatory’ Sales appeared first on Brownstoner.

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