Why the market is primed for a mini-rally this fall
Real Estate News
SEPTEMBER 5, 2024
More choices and lower mortgage rates may bring out late-season buyers, and they could have an advantage over those who wait until spring.
Sat.Aug 31, 2024 - Fri.Sep 06, 2024
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Housing inventory falls as mortgage rates drop
Housing Wire
SEPTEMBER 1, 2024
Have we seen the peak in housing inventory for 2024? The best part about 2024 has been that higher mortgage rates have created an inventory buffer, so if the economy gets softer and rates fall, we have many more homes to work with than we had in 2020-2023. I have consistently written that with mortgage rates above 7%, inventory should grow between 11,000-17,000 and this year it has happened six times perfectly in the channel.
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The Latest on the Luxury Home Market
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SEPTEMBER 5, 2024
Luxury living is about more than just stunning views and cutting-edge smart home technology—it's about elevating your lifestyle.
Real estate agents lament dud of a summer: Client Pipeline Tracker
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Buyers failed to bite this summer despite falling mortgage rates. It has agents about as down on their business prospects as they've been all year heading into the NAR settlement era, according to Intel's Client Pipeline Tracker.
Ready for the Post-NAR Lawsuit Landscape? Get the Broker Action Plan
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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.
NAR to consumers: Agents must put client interests first
Real Estate News
SEPTEMBER 4, 2024
With new industry rules now in effect, the association has released additional resources for buyers and sellers that focus on ethics and steering.
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Could a 55+ Community Be Right for You?
Keeping Current Matters
SEPTEMBER 2, 2024
If you’re thinking about downsizing, you may be hearing about 55+ communities and wondering if they’d be a good fit for you.
Lamacchia: Knock off the threats to hardworking real estate agents
Inman
SEPTEMBER 3, 2024
Anthony Lamacchia said threats of severe penalties for commission violations leveled by plaintiffs lawyer Michael Ketchmark and Consumer Advocates in American Real Estate are "unnecessary.
What comes next for NAR’s Clear Cooperation policy?
Real Estate News
SEPTEMBER 3, 2024
The policy, which was designed to discourage the sharing of listings via private networks outside the MLS, is being called into question.
Mortgage rates falling to 5% would get a swath of buyers back in the market
Housing Wire
SEPTEMBER 5, 2024
Declining mortgage rates have yet to break the dam on the stalled housing market, but the sweet spot on rates that would get the market moving again is about 5%. That’s according to a new survey from Mphasis Digital Risk, which revealed that 42% of prospective buyers said a 5% rate would get them back in the market. An additional 27% said they’re targeting a 4% rate, while 20% say it’s 6%.
Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth
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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.
How the Federal Reserve’s Next Move Could Impact the Housing Market
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Now that it’s September, all eyes are on the Federal Reserve (the Fed).
Coldwell Banker recruits Boston team away from Compass
Inman
SEPTEMBER 5, 2024
Katherine Bell and Maddy Petrini are bringing their Bell and Petrini team to Coldwell Banker's Back Bay office. The team has done $47 million in sales this year, according to the brokerage.
How about a 0.3% mortgage? A world of difference in Japan
Real Estate News
SEPTEMBER 4, 2024
The “free” ride may not last as officials seek solutions for a deflationary economy and a glut of homes — the mirror image of what the U.S. is dealing with.
Mortgage rates haven’t budged after the jobs report
Housing Wire
SEPTEMBER 6, 2024
Mortgage rates remained flat following a jobs report on Friday that continued to show a cooling labor market. Mortgage rate pricing for homebuyers hasn’t changed significantly as lenders have already priced in a Federal Reserve rate cut of 25 basis points (bps) that is expected later this month, loan originators told HousingWire. Kevin Leibowitz, president of Grayton Mortgage , said he was quoting 6.125% for a 30-year conventional mortgage of $400,000 on Friday with no discount points.
Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!
Advertiser: Trellis
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.
Should You Sell Now? The Lifestyle Factors That Could Tip the Scale
Keeping Current Matters
SEPTEMBER 3, 2024
Are you on the fence about whether to sell your house now or hold off?
Data points to another mortgage boom if rates continue to tumble
Inman
SEPTEMBER 4, 2024
If mortgage rates fall by another percentage point, ICE Mortgage sees homebuyers' monthly payment dropping by $236 and nearly 7.2 million homeowners "in the money" for a refinance.
Ginger Wilcox: Leading through change
Real Estate News
AUGUST 31, 2024
The president of Better Homes and Gardens Real Estate is focused on moving forward. "You can spend your energy fighting what’s happening, or lean into it.
UWM debuts new 75-bps incentive on refis
Housing Wire
SEPTEMBER 4, 2024
United Wholesale Mortgage (UWM) is rolling out a new 75 basis-point incentive program for conforming conventional and government-backed rate-and-term refinances. The program, dubbed “Refi75,” effectively replaces and expands on “Govy 125,” a 125-bps incentive that ended Tuesday for Interest Rate Reduction Refinance Loans (IRRRLs) through the U.S.
Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys
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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.
Pocket Listing Lawsuit Sets Trial Date, with Clear Cooperation in the Spotlight
RIS Media
SEPTEMBER 6, 2024
Top Agent Network, Inc. vs. the National Association of REALTORS® has officially set a trial schedule and date for 2025. TAN vs. NAR is a little different from the many other antitrust cases currently circling the real estate sphere. The non-commission based case alleges that defendants NAR and San Francisco Association of REALTORS® specifically blacklisted… The post Pocket Listing Lawsuit Sets Trial Date, with Clear Cooperation in the Spotlight appeared first on RISMedia.
Properly position homebuyers with this winning 5-part offer strategy
Inman
SEPTEMBER 6, 2024
Jimmy Burgess and Andrew Undem share strategies for writing a compelling offer on behalf of buyers, closing more deals and building lifelong client relationships.
NYC and Chicago remain most vulnerable markets
Real Estate News
SEPTEMBER 5, 2024
A new report from ATTOM indicates that select counties in California, New Jersey and Illinois are most at risk of a housing market downturn.
Inventory is rising and affordability is improving, but home sales aren’t happening
Housing Wire
SEPTEMBER 5, 2024
Data released Thursday by Realtor.com and Redfin shows that even as more homes are being listed for sale and mortgage payments are becoming more affordable, fewer transactions are occurring. According to a housing trends report from Realtor.com, active listings were up nearly 36% year over year in August. It was the 10th straight month of annualized growth and for-sale inventory is now at its highest level since May 2020.
Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You
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Seattle-area assisted living comes with a crushing price tag
Seattle Times Real Estate
SEPTEMBER 1, 2024
Costs of assisted living can swallow life savings or deplete assets, and many run out of money eventually. For those without resources, there is little help.
Industry leader and brokerage founder Clark Halstead dies at 83
Inman
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Real Estate News
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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
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Inman
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How low will the Fed go?
Real Estate News
SEPTEMBER 6, 2024
A mixed August jobs report has economists speculating about how deep of an interest rate cut the Federal Reserve might make on Sept. 18.
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