Sat.Nov 23, 2024 - Fri.Nov 29, 2024

article thumbnail

DOJ comes out against NAR commission lawsuit settlement

Housing Wire

There’s nothing quite like an 11th-hour twist. On Sunday evening, less than 48 hours before the National Association of Realtors ’ (NAR) commission lawsuit settlement agreement is set to head for final approval, the Department of Justice (DOJ) filed its long-awaited statement of interest in the Sitzer/Burnett suit. DOJ notes in the filing that it did not participate in the litigation or in the negotiation of the proposed settlement.

Brokerage 493
article thumbnail

Why Today’s Mortgage Debt Isn’t a Sign of a Housing Market Crash

Keeping Current Matters

One major reason why we’re not heading toward a foreclosure crisis is the high level of equity homeowners have today.

Equity 219
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

10 ways to create marketing buzz for your real estate business

Inman

From direct mail to elevated service standards, these strategies from trainer Bernice Ross are guaranteed to get people talking about you for all the right reasons.

Marketing 166
article thumbnail

DOJ’s Sunday filing raises issues with NAR deal

Real Estate News

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.

Agents 352
article thumbnail

The 2025 Real Estate Roadmap to Success

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.

article thumbnail

Top 10 Brooklyn Real Estate Listings: A PLG Row House, a Bay Ridge Rental

Brownstoner

This week, the most popular real estate listings on Brownstoner include a semi-detached house in Midwood, a townhouse in Park Slope, and a standalone in Ditmas Park West. Prospect Lefferts Gardens was popular this week, with other listings scattered around the borough. The least expensive property on the list is… Read More > The post Top 10 Brooklyn Real Estate Listings: A PLG Row House, a Bay Ridge Rental appeared first on Brownstoner.

108
108
article thumbnail

Bored at Your Open House? Do this.

BAM Media

Wait…are you sitting an open house today?! On the weekend before Thanksgiving?! If you are it must be SLOW AF, so here are five things you can do to pass the time and improve your life. FIRST, sign up for The BAMMYs right now. It’s our live real estate content award show that takes place on December 11th. We are having the legend, Neel Dhingra, speak in the middle to go over Content To Clients: The 2025 Social Media Playbook.

More Trending

article thumbnail

Annual Home Price Appreciation Lowest Since August 2023

RIS Media

While home prices have been steadily increasing for more than a year, the November S&P CoreLogic Case-Shiller national home-price index (HPI) showed that price gains are not stopping—but they are slowing. The latest HPI data released Tuesday tracks prices for the month of September 2024 (the index runs two months behind). During September, home prices… The post Annual Home Price Appreciation Lowest Since August 2023 appeared first on RISMedia.

article thumbnail

Expert Investor Shares How He Made $100K with Just One Property

Bigger Pockets

Would you spend thirty hours finding a deal if it could make you over $100,000? Of course you would!

Investor 103
article thumbnail

How to Buy a Multifamily Property in 10 Steps

The Close

Looking for your next big investment? You’re on the right page! Buying multifamily real estate is a smart way to build cash flow and a solid investment portfolio in a single transaction. In this “How to Buy a Multifamily Property” guide, I’ll walk you through deciding which type of multifamily property you want to purchase, picking the right lender, and running the numbers to ensure profitability.

article thumbnail

Did new home sales really just crash?

Housing Wire

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.

Sales 497
article thumbnail

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.

article thumbnail

Why buyers are gravitating toward smaller homes

Real Estate News

As household composition shifts, builders look to the starter homes of yesteryear to deliver more practical, affordable single-family homes for today’s buyers.

262
262
article thumbnail

How Co-Buying a Home Helps with Affordability Today

Keeping Current Matters

Buying a home in today’s market can feel like an uphill battle – especially with home prices and mortgage rates putting pressure on your budget.

Mortgages 230
article thumbnail

Buyer-broker agreement may limit how brokers compete, DOJ warns

Inman

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.

Agents 183
article thumbnail

How are mortgage rates affecting housing demand?

Housing Wire

It has been almost two months since mortgage rates spiked again, and my initial thought was this would tank housing demand. We had a positive 18-week period with purchase applications before mortgage rates started rising in September. I figured those increases would produce the same weakness in purchase apps that we saw earlier in the year. However, surprisingly, demand has held up better than I anticipated.

Mortgages 514
article thumbnail

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.

article thumbnail

Reffkin ‘mischaracterizes’ Clear Cooperation study

Real Estate News

Do more than a third of consumers really prefer private listings? The answer is not so simple, says the CEO of 1000watt, which produced the report.

289
289
article thumbnail

Control the Controllables If You’re Worried About Mortgage Rates

Keeping Current Matters

Chances are you’re hearing a lot about mortgage rates right now, and all you really want to hear is that they’re coming back down.

Mortgages 220
article thumbnail

NAR’s settlement is up for final approval. Here’s why that matters

Inman

The National Association of Realtors settlement became the inciting incident for the most disruptive year for real estate in living memory. A judge is now expected to approve the deal Tuesday afternoon.

MLS 179
article thumbnail

FHFA releases GSEs’ three-year plans to improve housing access in underserved communities

Housing Wire

The Federal Housing Finance Agency (FHFA) on Monday unveiled its three-year plan for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to improve housing opportunities in underserved areas. Key pillars of the plans include bolstering access in rural communities, looking to manufactured housing as an instrument to bolster supply, and addressing liquidity needs for first-time homebuyers.

article thumbnail

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.

article thumbnail

Judge approves $700 million in deals with NAR, HomeServices

Real Estate News

A last-minute filing by the DOJ and a handful of objections failed to derail the settlements, which cap more than five years of litigation in Sitzer/Burnett.

269
269
article thumbnail

Make Your House the Top Thing on Every Buyer’s Wish List This Season

Keeping Current Matters

With the holidays right around the corner, homeowners planning to move have a decision to make: sell now or wait?

213
213
article thumbnail

Fannie, Freddie loan limits upped to $806,500 in most markets

Inman

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.

Loans 174
article thumbnail

FHFA conforming loan limits increase to $806,500 in 2025

Housing Wire

The Federal Housing Finance Agency (FHFA) has set a new baseline conforming loan limit of $806,500 for one-unit properties in 2025, authorizing Fannie Mae and Freddie Mac to purchase mortgages up to this amount. The new limit reflects a 5.2% increase over the current $766,550 cap for 2024, aligning with home price trends. The adjustment indicates a weaker housing market this year, driven by still-elevated mortgage rates.

Loans 435
article thumbnail

Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

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.

article thumbnail

Texas broker piles on to mandatory membership challenges

Real Estate News

A new complaint, like others filed in Michigan and Pennsylvania, claims that requiring association membership as a precondition for MLS access is monopolistic.

MLS 254
article thumbnail

Investors Are Not Buying Up All the Homes

Keeping Current Matters

There’s a misconception Wall Street is buying all the homes on the market. But data proves that isn’t true.

Investor 192
article thumbnail

HUD raising FHA ceiling in high-cost markets to $1.2M next year

Inman

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.

Marketing 174
article thumbnail

Look out below! New-home sales fall off a cliff

Housing Wire

After a year of strong results, sales of newly built homes took a major step back last month. Data released Tuesday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD) shows new-home sales in October clocking in at a seasonally adjusted annual rate of 610,000 — a 17.3% decline compared to September and a 9.4% decline year over year.

Sales 435
article thumbnail

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.

article thumbnail

DOJ’s 11th-hour statement on NAR deal elicits strong reactions

Real Estate News

Industry insiders quickly weighed in on the agency’s Sunday filing, which suggested that the settlement won’t protect NAR from future antitrust action.

article thumbnail

Six Post Ideas for Thanksgiving

BAM Media

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.

article thumbnail

Homebuyer interest surges on slight pullback in mortgage rates

Inman

Applications for purchase loans jumped 12 percent week over week and 52 percent from a year ago, according to a weekly survey of lenders by the Mortgage Bankers Association.

Mortgages 179
article thumbnail

UWM drops LLPAs on government loans with FICOs of 600+

Housing Wire

Top U.S. wholesale lender United Wholesale Mortgage (UWM) has taken another aggressive move related to its product set, underscoring its strong commitment to government-backed loans. On Wednesday, the company announced the removal of all loan-level pricing adjustments (LLPAs) on government loans, albeit with some limitations. The program applies to Federal Housing Administration (FHA), U.S.

Loans 418
article thumbnail

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.