The Number One Mistake Sellers Are Making: Overpricing Their House
Keeping Current Matters
AUGUST 21, 2024
In today's housing market, many sellers are making a critical mistake: overpricing their houses.
Sat.Aug 17, 2024 - Fri.Aug 23, 2024
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Lower mortgage rates are slowing down inventory growth
Housing Wire
AUGUST 17, 2024
Have lower mortgage rates already started to slow down housing inventory? I have a simple weekly growth model with the Altos inventory data: when rates are high, over 7.25%, inventory should grow between 11,000-17,000 weekly. This has happened six times this year and even though that would be an average inventory growth level with higher rates, it didn’t happen even once last year.
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Trending Sources
Real estate’s day of change is here: 3 things to know
Real Estate News
AUGUST 17, 2024
Important practice changes required by the NAR settlement take effect today, affecting buyer agent agreements and compensation. “We are in this together.
Homie sues NAR and others, alleging boycott and conspiracy
Inman
AUGUST 22, 2024
The suit accuses NAR and major franchisors of breaking antitrust laws. The company's complaint includes alleged text messages in which agents refused to show Homie listings.
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.
How Mortgage Rate Changes Impact Your Homebuying Power
Keeping Current Matters
AUGUST 19, 2024
If you’re thinking about buying or selling a home, you’ve probably got mortgage rates on your mind.
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Flat-fee brokerage sues NAR, alleges steering
Real Estate News
AUGUST 22, 2024
Homie says the defendants — NAR, 4 top brokerages and a Utah MLS — conspired to control competition in the industry and steered buyers away from its listings.
Consumer group behind Moehrl flags commission workarounds
Inman
AUGUST 21, 2024
Doug Miller of Consumer Advocates in American Real Estate, the initiator behind the first bombshell antitrust lawsuit, sounds alarm against Realtor talking points that "continue steering.
How To Choose a Great Local Real Estate Agent
Keeping Current Matters
AUGUST 20, 2024
Selecting the right real estate agent can make a world of difference when buying or selling a home.
The renovation ripple effect in underserved neighborhoods
Housing Wire
AUGUST 19, 2024
More than four in 10 distressed properties purchased at auction are in underserved neighborhoods with low incomes or high minority populations, neighborhoods that often have been overlooked and left behind. “Those areas that I’m now developing I grew up in. And I remember being in those areas without hot water. I remember what it’s like to have slumlords,” said Jermaine Morgan, a Columbus, Georgia-based local community developer who purchases distressed property at auction.
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.
‘Unfiltered’: Betting on Zillow — and a mass exodus of agents?
Real Estate News
AUGUST 23, 2024
Watch the conversation with analyst John Campbell on the winners — and “not winners” — among public real estate firms, plus a bold guess about agent attrition.
DOJ takes aim at RealPage rent-pricing algorithm in antitrust suit
Inman
AUGUST 23, 2024
"Americans should not have to pay more in rent because a company has found a new way to scheme with landlords to break the law," Attorney General Merrick Garland said on Friday.
Today’s Biggest Housing Market Myths
Keeping Current Matters
AUGUST 22, 2024
Have you ever heard the phrase: don’t believe everything you hear?
Keller Williams launches resource guide for agents to navigate NAR settlement
Housing Wire
AUGUST 20, 2024
Keller Williams is doing its best to live up to its reputation as a brokerage firm heavy on agent education. On Monday, the firm announced the launch of an agent resource webpage known as “Buyer and Seller Agent Tools to Thrive.” The resource guide is focused on helping agents navigate the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement.
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.
It’s official: Nykia Wright named NAR CEO
Real Estate News
AUGUST 19, 2024
The transformative newspaper exec moves into the permanent CEO role at the National Association of Realtors — the U.S.’s largest trade association — this week.
Consumer group: Stop trying to ‘force’ sellers to pay buyer brokers
Inman
AUGUST 22, 2024
Doug Millier and Wendy Gilch of Consumer Advocates in American Real Estate revealed to Inman on Tuesday the origins of the Moehrl case while sending a warning that the industry will be "under a microscope.
Another downtown Seattle office tower is set for housing conversion
Seattle Times Real Estate
AUGUST 21, 2024
Officials are offering tax breaks and regulatory relief as fewer office workers return to once-busy areas. In Seattle, nearly a third of downtown office space is empty or available for sublease.
No ’horror stories’ from agents on the first weekend of NAR settlement changes
Housing Wire
AUGUST 19, 2024
The landmark date of Aug. 17, 2024 , has come and gone, and the real estate industry is still plugging along, despite the business practice changes mandated by the National Association of Realtors’ (NAR) commission lawsuit settlement agreement now being implemented nationwide. In the Greater Boston area, Linda O’Koniewski , the broker-owner of Leading Edge Real Estate , described the first few days of the business practice changes as “uneventful.
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.
Anywhere encourages offers of comp, asks ‘big question’ of MLSs
Real Estate News
AUGUST 22, 2024
Top execs discussed how the company is addressing industry practice changes, including its intention to display compensation on its listings.
Today marks the dawn of a new day for real estate. Make the most of it
Inman
AUGUST 17, 2024
The best real estate agents will thrive, the profession will be elevated, rot will be removed and the brands that are built on trust and integrity will rise to the top, Inman founder Brad Inman writes.
WA joins antitrust suit against rent-setting software firm RealPage
Seattle Times Real Estate
AUGUST 23, 2024
Washington Attorney General Bob Ferguson’s office estimates that landlords have used the software to set rents for 800,000 Washington leases since 2017.
Top Tennessee agents launch new team at Compass
Housing Wire
AUGUST 22, 2024
The largest brokerage in the country by sales volume is working to further solidify its presence in middle Tennessee. On Wednesday, Compass announced that real estate industry veteran Grant Hammond, the owner and president of Metropolitan Brokers , is joining the firm. At Compass, Hammond will partner with Brandon Knox and Darin Cunningham to form BDG Partners , a full-service team that will be based in the Nashville metro area.
Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You
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BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.
Housing Market Decoded: Is prime shopping season about to hit?
Real Estate News
AUGUST 20, 2024
The pendulum is swinging in buyers' favor this fall. See which three trends could finally give them some leverage.
Michael Ketchmark: Every move you make, we’ll be watching you
Inman
AUGUST 19, 2024
In a phone interview, lead plaintiffs' counsel Michael Ketchmark weighed in on the consequences of violating the NAR settlement, Zillow's business model, and the "monster case" that remains.
Tips for a Smooth Move After a Summertime Home Sale
RIS Media
AUGUST 22, 2024
Would you like excellent moving tips for the summer? Moving after selling your home in the summer can present unique challenges and opportunities. The warm weather, peak moving season and specific logistical considerations all play a role. My guide will teach you to manage these factors effectively to ensure a seamless transition. I will provide… The post Tips for a Smooth Move After a Summertime Home Sale appeared first on RISMedia.
South Florida, a senior enclave, sees more people ‘unretiring’ due to living costs
Housing Wire
AUGUST 20, 2024
As the cost of living remains elevated, more seniors — even those in “senior strongholds” like South Florida — are choosing to return to work. This pattern among seniors living in and around Fort Lauderdale was recently profiled in an article in the South Florida Sun Sentinel. It falls in line with a broader national trend indicating that nearly 20% of Americans ages 65 and older remain in the workforce, totaling about 10.6 million people.
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.
Mortgage rates still not low enough to spark buyer interest
Real Estate News
AUGUST 22, 2024
The Fed is expected to cut interest rates next month, but it could take a big drop to spur a rebound in sales — though things are starting to look up.
Redfin lays off nearly 100 Redfin Concierge service employees
Inman
AUGUST 22, 2024
Seattle-based brokerage and portal Redfin laid off almost 100 Redfin Concierge support and sales managers on Thursday. The company said agents will now take the lead on Concierge services.
The 9 Best Remodeling Tips to Follow
Realty Biz
AUGUST 19, 2024
Embarking on a home renovation project can be both exciting and overwhelming. Whether you're updating your living space for personal enjoyment or to boost its resale value, careful planning and execution are essential. The multitude of choices and decisions involved can feel daunting, but don't worry! Here are eight essential tips to help guide you through your home remodeling journey by experts in their fields.
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