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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Early Forecasts for the 2025 Housing Market Infographic
Keeping Current Matters
SEPTEMBER 6, 2024
Thinking about making a move in 2025 and wondering what you can expect? Here’s what expert forecasts say lies ahead.
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.
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.
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.
Is the Fed behind the curve with this labor market?
Housing Wire
SEPTEMBER 6, 2024
In 2022, I argued that the Federal Reserve won’t pivot until the labor market breaks. This means that the Fed will need to create such a slowdown in the labor market that nobody will question their action when they pivot. This is what I call the “cover cuts” policy. After today’s jobs report and the negative revision to this report and the previous ones, it is safe to say nobody outside of crazy people who want to see America go into a recession will question the Fed rate cut that will happen th
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Real estate agents lament dud of a summer: Client Pipeline Tracker
Inman
SEPTEMBER 2, 2024
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.
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%.
The Latest on the Luxury Home Market
Keeping Current Matters
SEPTEMBER 5, 2024
Luxury living is about more than just stunning views and cutting-edge smart home technology—it's about elevating your lifestyle.
Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage
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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.
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.
Lower mortgage rates are bringing more borrowers out of the woodwork
Housing Wire
SEPTEMBER 3, 2024
With the calendar shifting to September and the next meeting of Federal Reserve policymakers only two weeks out, mortgage rates continue to recede and evidence suggests that borrowers are reacting to more favorable housing market conditions. At HousingWire ‘s Mortgage Rates Center on Tuesday, the 30-year rate for conforming loans averaged 6.60%, down from 6.64% one week ago.
How the Federal Reserve’s Next Move Could Impact the Housing Market
Keeping Current Matters
SEPTEMBER 4, 2024
Now that it’s September, all eyes are on the Federal Reserve (the Fed).
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.
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.
Top-producing Maryland mega team joins eXp Realty
Housing Wire
SEPTEMBER 5, 2024
The No. 1 brokerage in the country by transaction sides just got bigger. On Thursday, eXp Realty announced that Brandon Brittingham and his top-producing Maryland-based mega team are making the jump to eXp. Brittingham and his 30-person team, The Maryland & Delaware Group , had previously been brokered at Long & Foster Real Estate. “For me, by far, what eXp could do to support the growth of my business along with their vision, hands down, made the most sense,” Brittingham said in a state
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?
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.
Better pay and more time off: What agents really want this Labor Day
Inman
AUGUST 31, 2024
Do we still want to work like it's 1999? No, that's why agents need to ask themselves what they really want their work, life and compensation to look like moving forward, Rachael Hite writes.
Brokerage Beat: News from Corcoran, @properties, E&V, more
Real Estate News
AUGUST 31, 2024
Corcoran Icon adds Silicon Valley office; @properties IND grows; E&V expands in Costa Rica; CB nabs $1B team; C21 adds two firms; Realty ONE hits milestone.
CANDID and Atlantic Bay Mortgage forge strategic partnership
Housing Wire
SEPTEMBER 6, 2024
In an industry where managing a web of technology vendors to support LO’s sales and marketing needs has become overwhelmingly complex, inefficient and creates unnecessary security and compliance risks, CANDID is quickly becoming a leader in transforming how mortgage lenders operate. With its new partnership with Atlantic Bay Mortgage Group, CANDID is set to make an even greater impact.
A Look at How Much Evictions Really Cost You as a Landlord
Bigger Pockets
SEPTEMBER 6, 2024
We know evictions can be costly for both landlords and tenants (both financially and sometimes emotionally). But recently, I heard two investors discussing who actually loses more during the process.
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.
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.
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.
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.
The Broker Action Plan for the Post-NAR Lawsuit Landscape
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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.
Compass recruits Douglas Elliman agent, industry vet to Palm Beach
Inman
SEPTEMBER 3, 2024
At Compass, Thor Brown will serve as director of luxury sales, while Sam Fingold will take on the role of luxury real estate advisor, according to South Florida Agent Magazine. Both will operate out of Compass’ Palm Beach Island office at 150 Worth Avenue.
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.
Leveling up together: Brokerages offer industrywide agent education opportunities
Housing Wire
SEPTEMBER 3, 2024
For many in the real estate industry, Aug. 17, 2024 — the date that the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement went into effect — served as a reckoning of sorts. “I am in awe of how many folks decided on Thursday that something was changing on Saturday,” Linda O’Koniewski, the broker-owner of Leading Edge Real Estate , said the week after the business practice changes went into effect.
RISMedia Celebrates Accomplished Professionals and Inducts Real Estate Icons at RISMedia’s Newsmakers Dinner in Washington, D.C.
RIS Media
SEPTEMBER 5, 2024
Thought leaders came together Thursday evening to celebrate RISMedia’s more than 300 2024 Newsmakers and induct a select group of industry icons into the 2024 Newsmakers Hall of Fame at RISMedia’s annual Real Estate Newsmakers Reception & Dinner. The event was held at the historic Mayflower Hotel in Washington, D.C., during RISMedia’s 36th Annual CEO… The post RISMedia Celebrates Accomplished Professionals and Inducts Real Estate Icons at RISMedia’s Newsmakers Dinner in Washington, D.C
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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