Sat.Aug 17, 2024 - Fri.Aug 23, 2024

article thumbnail

The Number One Mistake Sellers Are Making: Overpricing Their House

Keeping Current Matters

In today's housing market, many sellers are making a critical mistake: overpricing their houses.

Marketing 344
article thumbnail

Wildfires threaten 2.6 million homes in the western U.S.: CoreLogic

Housing Wire

Climate change has supercharged wildfires in high-risk areas across the country, and the impacts on housing could be catastrophic. A new report from CoreLogic found that 2.6 million homes across 14 western states are at risk from wildfires. California is by far the state with the most homes in danger at 1,258,748, followed by Colorado (321,294) and Texas (244,617).

Closing 106
Insiders

Sign Up for our Newsletter

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

article thumbnail

Real estate’s day of change is here: 3 things to know

Real Estate News

Important practice changes required by the NAR settlement take effect today, affecting buyer agent agreements and compensation. “We are in this together.

Agents 309
article thumbnail

Homie sues NAR and others, alleging boycott and conspiracy

Inman

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.

Agents 198
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

Today’s Biggest Housing Market Myths

Keeping Current Matters

Have you ever heard the phrase: don’t believe everything you hear?

Marketing 329
article thumbnail

Lower mortgage rates are slowing down inventory growth

Housing Wire

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.

Mortgages 518

More Trending

article thumbnail

Today marks the dawn of a new day for real estate. Make the most of it

Inman

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.

Branding 196
article thumbnail

How Mortgage Rate Changes Impact Your Homebuying Power

Keeping Current Matters

If you’re thinking about buying or selling a home, you’ve probably got mortgage rates on your mind.

Mortgages 327
article thumbnail

Why new-home sales had such a big beat

Housing Wire

The new home sales report had such a big beat today that many people had to double-check the numbers — and I get it. The estimates were for 623,000 but the sales came in at 739,000. This isn’t my first rodeo with new home sales data and I believe these numbers will be revised lower, but a beat is a beat. There are other sources we can check to get clues on this report ahead of time.

Sales 501
article thumbnail

Housing Market Decoded: Is prime shopping season about to hit?

Real Estate News

The pendulum is swinging in buyers' favor this fall. See which three trends could finally give them some leverage.

Marketing 287
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

DOJ takes aim at RealPage rent-pricing algorithm in antitrust suit

Inman

"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.

article thumbnail

How Growing Inventory Benefits Today's Buyers

Keeping Current Matters

While the number of homes for sale varies by local area, nationally we’re up over 36% year-over-year, but still down almost 29% compared to what’s normal.

Sales 307
article thumbnail

South Florida, a senior enclave, sees more people ‘unretiring’ due to living costs

Housing Wire

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.

As-is 497
article thumbnail

It’s official: Nykia Wright named NAR CEO

Real Estate News

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.

283
283
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

Consumer group behind Moehrl flags commission workarounds

Inman

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.

MLS 193
article thumbnail

How To Choose a Great Local Real Estate Agent

Keeping Current Matters

Selecting the right real estate agent can make a world of difference when buying or selling a home.

Agents 309
article thumbnail

Powell signals September rate cut: ‘The time has come for policy to adjust’

Housing Wire

Federal Reserve Chair Jerome Powell said on Friday that “the time has come for policy to adjust,” signaling a cut in the federal funds rate at the September meeting of the Federal Open Market Committee (FOMC) as expected by monetary policy watchers. “The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks,” Powell said during a speech at the Kansas City Fed’s annual conference in Jackson Hole, Wyoming.

Mortgages 493
article thumbnail

‘Unfiltered’: Betting on Zillow — and a mass exodus of agents?

Real Estate News

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.

Agents 276
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

Trending: VESTAPLUS MLS Software

Inman

Join VESTAPLUS Vice President of Sales and Marketing Kelly Robinson and Product Manager Jonnathan Rivas for an exclusive tour of their top MLS products.

MLS 193
article thumbnail

Another downtown Seattle office tower is set for housing conversion

Seattle Times Real Estate

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.

As-is 139
article thumbnail

Will existing home sales continue to rise?

Housing Wire

How did existing home sales grow with all the recent negative press about demand? We were told lower mortgage rates wouldn’t affect demand positively. However, if you track the forward-looking indicators, it can explain this bounce in demand. First, we have to put context into the bounce: we are working from the lowest levels ever in home sales, so any small, minor move in purchase application data can bounce sales from here.

Sales 493
article thumbnail

Anywhere encourages offers of comp, asks ‘big question’ of MLSs

Real Estate News

Top execs discussed how the company is addressing industry practice changes, including its intention to display compensation on its listings.

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

A 9-step ‘listening’ consultation to help you talk to sellers post-Aug. 17

Inman

Be prepared for a listing appointment at a moment’s notice. Have the tools at your fingertips, take notes, build connections, and stay focused on what’s best for the seller, Bernice Ross writes this week.

Agents 192
article thumbnail

Tips for a Smooth Move After a Summertime Home Sale

RIS Media

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.

Sales 136
article thumbnail

Utah Realtors boycotted Homie listings over 1.5% buyer broker commission: antitrust lawsuit

Housing Wire

In a lawsuit filed Thursday, real estate startup Homie Technologies claims that home seller consumers were not the only ones harmed by the real estate industry’s allegedly anticompetitive practices. Defendants in the lawsuit, which was filed in U.S. District Court for the Central District of Utah, include the usual cast of antitrust lawsuit characters: the National Association of Realtors (NAR), Anywhere Real Estate , Keller Williams Realty , HomeServices of America , and RE/MAX.

MLS 482
article thumbnail

Real estate stocks jump as new rules go into effect

Real Estate News

Redfin and iBuyer companies had the biggest gains in a rally following the Aug. 17 deadline for practice changes.

271
271
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

Consumer group: Stop trying to ‘force’ sellers to pay buyer brokers

Inman

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.

article thumbnail

What Happens to the Mortgage When You Sell Your House?

RIS Media

Selling a home with an existing mortgage involves several crucial steps. My easy-to-understand guide will walk you through the entire process. In my article, you will learn the following information: Steps to sell a house with a mortgage Managing equity and dealing with negative equity Legal and tax considerations for home sellers From almost forty… The post What Happens to the Mortgage When You Sell Your House?

Mortgages 136
article thumbnail

Agents are prepping sellers for a greater variety of offers

Housing Wire

While there have not been any “ horror stories ” in the first few days since business practice changes mandated by the National Association of Realtors’ (NAR) commission lawsuit settlement agreement were implemented, that doesn’t mean it has been completely smooth sailing for real estate professionals. For Linda O’Koniewski , the broker-owner of Leading Edge Real Estate , one of the largest hiccups so far was when one of her agents brought a buyer offer that included concessions to a sel

article thumbnail

Gibson attorneys seek one-third of the settlement pot

Real Estate News

In a court filing, lawyers called the nearly $37 million request “reasonable” and “appropriate” based on the risk and hours involved.

244
244
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.