Housing Market Decoded: Why are home prices still rising?
Real Estate News
JULY 17, 2024
High mortgage rates, which increase the cost of buying, should push prices down — right? But the relationship between rates and home prices isn’t that simple.
Sat.Jul 13, 2024 - Fri.Jul 19, 2024
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Mortgage rates head lower, helped by better mortgage spreads
Housing Wire
JULY 13, 2024
In 2023, following the collapse of Silicon Valley Bank , the spreads between the 30-year mortgage and 10-year yield were at their worst, leading to new cycle highs. This meant mortgage rates were significantly higher than average. However, this year, we’re seeing a different trend with the spreads: they’re improving, and mortgage rates are trending better as a result, even with the 10-year yield still above 4%.
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Why Fixing Up Your House Can Help It Sell Faster
Keeping Current Matters
JULY 17, 2024
If you’re thinking about selling your house, you should know there are buyers who are ready and able to pay today’s high prices.
Ed Zorn: Why mandatory buyer contracts are a ‘big consumer win’
Inman
JULY 17, 2024
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.
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.
Mortgage rates tumble; time for buyers to ‘get serious’
Real Estate News
JULY 18, 2024
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.
Opinion: Brokers should consider a new model for post-Burnett world
Housing Wire
JULY 17, 2024
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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Elevated mortgage rates drive homebuilder confidence downward
Inman
JULY 16, 2024
Homebuilders exhibited little optimism as the housing market showed little improvement month-to-month, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released today.
Agents Decoded: Finding opportunities in change
Real Estate News
JULY 19, 2024
The industry has weathered many storms, and through it all, has grown and thrived. So can agents. Jay Thompson shares 4 ways to leverage the changes ahead.
What happens to the housing market when mortgage rates finally come down?
Housing Wire
JULY 15, 2024
Is it darkest before the dawn? If we look at the housing market right now, sales are down, new listings are down and prices are decelerating. But if we look at the data right now, things look the most bullish they’ve been all year. Good inflation data came in last week, the bond market rallied and mortgage rates took a notable dip below 7% for the first time in months.
Unlocking Homebuyer Opportunities in 2024
Keeping Current Matters
JULY 18, 2024
There’s no arguing this past year has been difficult for homebuyers.
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.
Despite declines, rents are still $305 higher than pre-2020 trends
Inman
JULY 18, 2024
Despite 11 months of declines, Realtor.com said the typical renter is paying $305 more monthly for an apartment compared to 2019. The greatest rent increases are in Florida and the Midwest.
Will a fall rate cut kick-start home sales?
Real Estate News
JULY 16, 2024
The Fed is expected to cut rates in September, which may spur buyer activity — but after Canada’s central bank cut rates for the first time in June, sales fell.
Biden unveils housing proposal that includes nationwide cap on rent increases
Housing Wire
JULY 16, 2024
President Joe Biden released a legislative proposal on Tuesday that’s rankling the real estate industry — nationwide rent control. Biden’s new plan would cap annual rent hikes at 5% for two years for landlords who manage 50 or more rental units, which the administration said would cover 20 million units, or roughly half of all rental units in the country.
Why Working with a Real Estate Professional Is Crucial Right Now
Keeping Current Matters
JULY 15, 2024
Navigating the housing market can be tricky, especially these days.
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.
Housing inventory is climbing back. So why are leads still lagging?
Inman
JULY 15, 2024
Inventory is rising again, but agents are still scrounging for new listings. Hundreds of brokers and agents shared what's working in still-tight markets in new responses from the Intel Index survey.
Foreign purchases of U.S. homes falls to the lowest level on record
Real Estate News
JULY 18, 2024
A new report shows major drops in international purchases of U.S. real estate, at a time when legal efforts to restrict buyers from certain countries ramped up.
Biden to propose national rent hike cap of 5%
Housing Wire
JULY 15, 2024
President Joe Biden will propose on Tuesday a nationwide cap on rent hikes of 5% per year, according to The Washington Post, which cites “three people familiar with the matter.” The proposal will rescind unspecified tax breaks to landlords who raise rents by more than 5%, although it would only apply to landlords who own more than 50 rental units. This would cover roughly half of all rental units in the country, according to Post sources.
The Biggest Mistakes Homebuyers Are Making Right Now
Keeping Current Matters
JULY 19, 2024
Want to know the biggest mistakes homebuyers are making today?
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.
How to break down the pros and cons of buying down interest rates
Inman
JULY 17, 2024
Interest rate buydowns involve a trade-off between upfront costs and long-term affordability. Clever CEO Luke Babich offers strategies to help clients make the choice.
Dancing with Mauricio: On NAR, commissions and what scares him
Real Estate News
JULY 17, 2024
The TV star and founder of The Agency says running an association is “a pain” but sees opportunities to improve the agent experience and “fragmented” MLS space.
Secondary market for construction financing could help spur multifamily developments
Housing Wire
JULY 19, 2024
“A national secondary market for construction financing could allow lenders, like state housing finance agencies and banks, to provide the investment capital needed to get multifamily housing projects built and keys in families’ hands.” This is the conclusion of a new report published by the Center for Public Enterprise , a nonprofit organization that promotes the expansion of public sector projects.
Court Allows Partition Sale of Bed Stuy Home in Family for 75 Years
Brownstoner
JULY 18, 2024
Ayisha Doyle, like her mother and her children, was raised in the grand brownstone on Jefferson Avenue in Bed Stuy. She still calls the house home, one of five generations of her family who have done so since her great-grandparents purchased the 1880s single-family house in the 1940s. With her mother,… Read More > The post Court Allows Partition Sale of Bed Stuy Home in Family for 75 Years appeared first on Brownstoner.
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.
FCC ready to crack down on AI-generated robocalls
Inman
JULY 19, 2024
The FCC announced on Tuesday a plan to help consumers identify and block AI-generated robocalls. The plan, if passed, could impact a key part of real estate agents' lead generation methods.
A brokerage built to last with ‘passion, stamina, grit’
Real Estate News
JULY 13, 2024
Michael Saunders has always been driven, building her brokerage into a multibillion-dollar company with the goal of making a difference.
Texas housing inventory jumps 40%, but prices stay flat
Housing Wire
JULY 19, 2024
They say everything is bigger in Texas — and apparently that includes housing inventory growth. While available homes for sale are growing all over the country , it’s happening at a dramatic scale in Texas. According to a second-quarter 2024 report from Texas Realtors, the number of active listings from April to June of this year were up 40.8% compared to the same period last year.
Preparing Your Home for Sale During a Divorce: A Step-by-Step Guide
RIS Media
JULY 18, 2024
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.
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.
An entirely new way to create listings where there are none
Inman
JULY 15, 2024
Bernice Ross interviews Realeflow CEO Greg Clement about how real estate agents can tap into the pool of cash buyers and investors to add lead gen leverage and market coverage to their businesses.
Brokerage Beat: News from Lamacchia, Real, RE/MAX, C21, eXp, more
Real Estate News
JULY 13, 2024
Lamacchia grows with MA acquisition; Real reaches 20k agents; RE/MAX gains 60-agent firm; C21 franchise and Florida indie merge; eXp joins Fortune 1000; more.
Real estate investor optimism is rising: RCN Capital
Housing Wire
JULY 17, 2024
Real estate investor sentiment rose 16% from the prior quarter and 60% of surveyed investors view the current housing market more favorably than a year ago. That was the key conclusion of the Summer 2024 Investor Sentiment Survey released Wednesday by Connecticut-based mortgage lender RCN Capital and conducted by business advisory firm CJ Patrick Co.
Developer Watermark Capital Plans 30-Story Tower for Landmarked Duffield Street Houses
Brownstoner
JULY 15, 2024
Brooklyn developer Watermark Capital intends to construct a 30-story apartment tower on the site of the landmarked Duffield Street houses in Downtown Brooklyn, public records show. Potentially the tower could cantilever over the historic houses, which could serve as entrances -- if the project meets with approval of the Landmarks… Read More > The post Developer Watermark Capital Plans 30-Story Tower for Landmarked Duffield Street Houses appeared first on Brownstoner.
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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