Sat.Dec 30, 2023 - Fri.Jan 05, 2024

article thumbnail

Brad Inman: ‘Unsung hero of real estate’ is the small broker-owner

Inman

More than 80 percent of real estate agents work for small brokerages with fewer than 25 agents, and the average is seven, Brad Inman writes. But their might was on full display in 2023.

Brokerage 197
article thumbnail

What Are Seller Concessions in Real Estate?

RIS Media

When buying or selling a home, you must remember various financial considerations. One such aspect is seller credits, which can play a significant role in real estate transactions. Seller credits, or concessions, are essential for buyers and sellers to understand. They are financial incentives homesellers offer buyers as part of the closing process.

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 Rules of Successful Real Estate Investing

Marco Santarelli

I came up with the following rules of successful real estate investing over my many years of successes and failures. These are the same rules I follow today and share with our clients at Norada Real Estate Investments. 10 Rules of Successful Real Estate Investing 1. Educate Yourself Knowledge is the new currency. Without it you are doomed to follow other people’s advice without knowing if it’s good or bad.

article thumbnail

3 Keys To Hitting Your Homeownership Goals in 2024

Keeping Current Matters

If buying or selling a home is your goal for 2024, it’s important to understand today’s housing market, know your why, and work with industry experts to bring your homeownership vision for the new year into focus.

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

‘Silver tsunami’ could have a bigger impact on 2024’s housing market: analyst

Housing Wire

The “ silver tsunami ” — a colloquialism referring to aging Americans changing their housing arrangements to accommodate aging — could have more of an impact on the housing market this year, according to analyst Meredith Whitney in a conversation with Yahoo Finance. “[T]he other major demographic trend you see is the aging of America,” Whitney said.

Marketing 521
article thumbnail

With Mortgage Rates Set To Drop, Will This Be the Year Sellers Come Back? Here’s What the Data Says

Bigger Pockets

Mortgage rates have been on the decline and are expected to keep falling. What does that mean for inventory and home seller attitudes this year? Here's what you need to know.

Mortgages 132

More Trending

article thumbnail

Affordable Housing Lottery Opens for Fort Greene Apartments Starting at $910 a Month

Brownstoner

An affordable housing lottery has launched for 87 apartments in a new development on Fort Greene’s South Portland Avenue. The site formerly belonged to an orphanage and is now among a row of church-owned properties. The 13-story Hanson Place Community Plaza development at 142 South Portland Avenue has 104 units total.… Read More > The post Affordable Housing Lottery Opens for Fort Greene Apartments Starting at $910 a Month appeared first on Brownstoner.

article thumbnail

What Does ‘Under Contract’ Mean on a Home Listing?

HomeLight

Sometimes you come across a home for sale that checks off every box on your list, but the listing status says that it’s “under contract” or “sale pending.” Crestfallen, you move on and hope you’ll find an equally amazing home. But what does “under contract” mean in real estate? Can you still make an offer on a home that’s “under contract”? In this post, we’ll explain the “under contract” listing status tag.

article thumbnail

Frequently Asked Questions About House Appraisals With Answers

Realty Biz

One of the more researched topics in real estate is appraisals. There are numerous questions that buyers frequently ask real estate agents or through online searches. Whether you are buying or selling a home, it is essential to have a firm grasp of home appraisals. Property valuations can have significant impacts on prospective homebuyers and homeowners.

article thumbnail

Real estate’s strong 2023 housing market finish: Altos

Housing Wire

The last week of data for the year U.S. real estate market is in and it may surprise you, but pretty much all the signals for housing in 2024 are pointing for growth now. Inventory is slowly but steadily increasing over last year, which means slightly more options for buyers this spring. Sales rates are climbing. We have more homes going into contract each week now than we did a year ago — supply and demand are climbing together.

Marketing 531
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

Thinking About Buying a Home? Ask Yourself These Questions

Keeping Current Matters

If you’re thinking of buying a home this year, you’re probably paying closer attention than normal to the housing market.

Marketing 353
article thumbnail

NAR lost 26,000 members in 2023

Real Estate News

Membership fell by more than 17,000 from November to December, and the association posted its first annual decline in more than a decade.

301
301
article thumbnail

49% of agents sold either 1 home or none at all in the past year: CFA

Inman

Agent "glut" means part-timers are now the majority, leading to "widespread incompetence and pressure to maintain high commission rates," according to the Consumer Federation of America.

Agents 197
article thumbnail

Logan Mohtashami’s 2024 housing market and rate forecast

Housing Wire

The 2023 housing market faced one of the same roadblocks we saw in 2022: mortgage rates were too high for home sales growth. Now that we’re in 2024, the Federal Reserve ‘s rate hike cycle is over, so let’s look at what that means for housing demand and home prices. However, a yearly forecast has limitations and in this crazy housing and economic cycle, if people give you a yearly forecast without guidance as variables change, you’ll be dealing with stale data.

Marketing 531
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

Why Pre-Approval Is Your Homebuying Game Changer

Keeping Current Matters

If you’re thinking about buying a home, pre-approval is a crucial part of the process you definitely don’t want to skip.

article thumbnail

What higher sales numbers could mean for the year ahead

Real Estate News

MoxiWorks predicts home sales will increase 8% year-over-year in January, which could bolster economist predictions of a rebound in 2024.

Sales 258
article thumbnail

What the biggest names in real estate really thought of 2023

Inman

Fourteen of the real estate industry's biggest leaders shared their thoughts on rising mortgage rates, slowing sales, antitrust suits, National Association of Realtors drama, and several other headline-making stories along with their hopes for the new year.

article thumbnail

Housing inventory defied all predictions in 2023

Housing Wire

Going into 2023, people thought housing inventory would skyrocket, home prices would crash, and we would see the housing market of 2008 all over again. We created this weekly tracker at the end of 2022 to give people a live weekly outlook on everything that drives the housing market and which factors to follow. Those reading the tracker would have understood why the housing market dynamics shifted on Nov. 9, 2022, and they’ll be ready for what’s coming next.

Mortgages 520
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

Things To Consider If Your House Didn’t Sell

Keeping Current Matters

If your listing has expired and your house didn’t sell, it's completely normal to feel a mix of frustration and disappointment.

330
330
article thumbnail

Trends 2024: Howard Hanna keeps its eye on the prize

Real Estate News

The family-run company may not project the flashy style of some other firms, but it offers substance, with a successful growth strategy and continued momentum.

225
225
article thumbnail

Robert Reffkin relinquishes stock unit awards for $7M cash bonus

Inman

An SEC filing showed the Compass CEO is letting go of $25 million in performance-based restricted stock unit awards in exchange for something a bit more tangible. His salary is also going up to $900,000.

Brokerage 192
article thumbnail

Are we seeing cracks in the labor market?

Housing Wire

Slowing job growth doesn’t mean a recession, but today’s jobs report tells me that the significant job gains we were accustomed to in the early part of the COVID-19 recovery period are ending, which ties nicely to how I thought labor would recover after COVID. Even though the headline number on the report today beat estimates, we are entering a new phase of the economic cycle, which means you need to know where to look to get clues for a recession.

Marketing 506
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

Achieving Your Homebuying Dreams in 2024 [INFOGRAPHIC]

Keeping Current Matters

Planning to buy a home in 2024? Here’s what to focus on.

322
322
article thumbnail

Agents will play ‘crucial’ role as AI streamlines real estate

Real Estate News

The impact of artificial intelligence covers a wide range of territory — from consumer engagement to property valuation — as the real estate landscape shifts.

Agents 213
article thumbnail

Glennda Baker: Think you have a drinking problem? You probably do

Inman

Armed with the latest research, Rachael Hite talks with Glennda Baker about choosing sobriety in an industry that is always ready to party and why drinking is so harmful for women.

article thumbnail

G-Rate sues NAF over poaching, alleges violation of LO comp rule 

Housing Wire

Top-10 mortgage lender Guaranteed Rate has filed a lawsuit against retail rival New American Funding over poaching. But this isn’t your standard poaching lawsuit: G-Rate alleges that NAF has wooed at least 30 employees since early 2023 via illegal loan officer compensation practices. Despite the rise in poaching lawsuits in a competitive market, it’s the first time a large lender has publicly accused a competitor of violating the LO comp rule by allowing their salesforce to manipula

article thumbnail

The Broker Action Plan for the Post-NAR Lawsuit Landscape

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.

article thumbnail

Is an Escalation Clause a Good Idea When Buying a House?

RIS Media

Have you been trying to buy a home for months without any luck? Do you find yourself constantly losing out to other buyers? Have you made several offers on houses? Over the last several years, potential buyers have faced an extremely challenging environment. Few houses and high demand lead to a significant percentage of bidding… The post Is an Escalation Clause a Good Idea When Buying a House?

article thumbnail

No New Year's fireworks as mortgage rates stabilize

Real Estate News

Interest rates were nearly flat in the first week of 2024, ticking up slightly after nine weeks of declines.

Mortgages 261
article thumbnail

And the biggest news of 2023 is … Inman’s top 10 stories of the year

Inman

Because we're sure you remember these stories all too well, we'll just get to it without further ado. Here are the top news stories of 2023, ranked by readership.

Brokerage 196
article thumbnail

DataDigest: Will work for housing

Housing Wire

A secondary school teacher in Colorado makes on average just under $63,000, according to the Bureau of Labor Statistics. If a Colorado teacher making the average salary had $20,000 to put towards a down payment and were willing to spend 30% of their pre-tax salary on their mortgage payment, she could afford a house that cost about $225,000. That’s a problem when a typical Colorado home – as defined by Zillow ‘s Home Value Index – costs more than $528,000.

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.