Housing Wire
JANUARY 18, 2024
Mortgage rates continued their descent this week to mark their lowest level since May 2023, welcome news for homebuyers who have been waiting on the sidelines for rates to drop. The 30-year fixed-rate mortgage averaged 6.6% as of Jan. 11, a decrease from last week’s 6.66%, according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday.
Inman
JANUARY 18, 2024
As many as 80 percent of agents are using AI to do things like write listing descriptions, but real estate leaders also have concerns about "guardrails" for the tech.
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Real Estate News
JANUARY 17, 2024
New York Times journalist Debra Kamin talked to Real Estate News about the response to her investigations, why her eXp story “hit differently,” and what’s next.
Keeping Current Matters
JANUARY 17, 2024
If you’ve been holding off on selling your house to make a move because you felt mortgage rates were too high, their recent downward trend is exciting news for you.
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.
RIS Media
JANUARY 16, 2024
In a speech sponsored by the think tank Brookings Institution, Federal Reserve Governor Chris Waller said he feels more confident and optimistic about the path of the economy than he has in the last three years, and painted a mostly rosy picture of the economy and the path for rate cuts in 2024. Waller is… The post Fed Governor Offers Optimistic View of Rate Cuts, Economy in 2024 appeared first on RISMedia.
Calculated Risk Real Estate
JANUARY 15, 2024
A year ago, I wrote The Housing Bubble and Mortgage Debt as a Percent of GDP. Here is an update to a couple of graphs. The bottom line remains the same: There will not be cascading price declines in this cycle due to distressed sales. In a 2005 post , I included a graph of household mortgage debt as a percent of GDP. Several readers asked if I could update the graph.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Bigger Pockets
JANUARY 17, 2024
Rates have been falling for the past few months, and signs of the market warming up are already here. These five markets have the highest gains in activity since last year.
Housing Wire
JANUARY 19, 2024
Fannie Mae has a rosy outlook for mortgage rates. The government sponsored enterprise is projecting that rates will drop below 6% by the end of 2024, which in turn will boost refi volumes and help thaw the existing home sales market. Following years of volatility in mortgage rates, the housing market will begin its gradual return to a more normal balance in 2024.
Keeping Current Matters
JANUARY 16, 2024
Are you putting off your plans to sell because you’re worried you won’t be able to find a home you like when you move?
Real Estate News
JANUARY 13, 2024
The industry is at a crossroads as lawsuits threaten long-standing policies. For multiple listing services, separating from associations may be the answer.
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Inman
JANUARY 19, 2024
Senior housing expert Rachael Hite shares data around seniors, aging in place, downsizing and the real cost of retirement. Housing experts predicting a "Silver Tsunami" are underestimating what boomers actually want.
Housing Wire
JANUARY 13, 2024
Last week, housing inventory grew and the number of price cuts fell, which is expected at this time of the year. I hope the next thing we see is housing inventory grow at the level it typically does in January or February instead of being delayed until March or April. Last year at this time, inventory rose week to week and I was hopeful for a typical spring inventory year, but the seasonal bottom didn’t actually happen until April 14.
Keeping Current Matters
JANUARY 19, 2024
Buying a home is a big deal and can feel especially complicated if you don't know the terms used during the process.
Real Estate News
JANUARY 19, 2024
According to the latest NAR data, just 4.09 million existing home sales were reported in 2023, the lowest number in nearly three decades.
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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.
Inman
JANUARY 15, 2024
A Real Estate Investment Trust (REIT) is a company that owns, operates or finances income-generating real estate. These trusts are designed to allow investors to access real estate markets without directly buying, managing, or financing properties.
Housing Wire
JANUARY 18, 2024
Lights, camera, lawsuit! A copycat commission lawsuit has been filed in Los Angeles. The suit, known as Fierro, after its lead plaintiff Gael Fierro, a Californian home seller, accuses the real estate industry of colluding to artificially inflate real estate agent commissions. It was filed on Wednesday in U.S. District Court in Los Angeles. Patrick Thurber, a California home seller, is an additional named plaintiff in the suit.
Keeping Current Matters
JANUARY 18, 2024
Over the past year, a lot of people have been talking about housing affordability and how tight it’s gotten.
Real Estate News
JANUARY 17, 2024
Home builder sentiment is up significantly in January as lower mortgage rates bring more buyers back to the market.
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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.
Inman
JANUARY 15, 2024
As countless copycat suits are filed nationwide, even smaller teams and boutique brokerages have started to become targets. However, one real estate franchise might avoid these lawsuits, and interest has skyrocketed recently.
Housing Wire
JANUARY 17, 2024
David Stevens, a legend of the mortgage banking industry who helmed the Federal Housing Agency and the Mortgage Bankers Association in a career that spanned four decades, has died. “The real estate finance community mourns the loss today of one of its great leaders and fiercest advocates,” current MBA President Bob Broeksmit said in a statement Wednesday morning.
Keeping Current Matters
JANUARY 15, 2024
Buying a home is a powerful decision, and it remains at the heart of the American Dream.
Real Estate News
JANUARY 16, 2024
Baby boomer households without children own nearly 3 in 10 homes with 3+ bedrooms — millennials with children own half that amount.
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.
Inman
JANUARY 15, 2024
Kenya Burrell-VanWormer, chief growth officer at NEO, and Katherine Winston, founding member and head of marketing at Plunk, have teamed up to build a program that will provide professional mentorship for minority entrepreneurs in proptech.
Housing Wire
JANUARY 19, 2024
In the ever-changing American housing landscapes, agents are well advised to stay attuned to shifts in affordability and flexibility trends, as these factors drive the growth and evolution of rental demand and can have a substantial impact on those servicing the real estate segment. For agents, staying informed about these developments is essential for strategic decision-making and client guidance in the coming year and beyond.
RIS Media
JANUARY 15, 2024
Selling a home can be complex and challenging. Avoiding the common pitfalls is essential for successful sales. There are many things prospective sellers should know before listing their homes. Maximum Real Estate Exposure provides numerous insights based on years of experience. We will cover the top home-selling mistakes that sellers often make and provide valuable… The post Top Home Selling Mistakes to Avoid appeared first on RISMedia.
Real Estate News
JANUARY 18, 2024
Lower rates are good news for buyers, but increased demand could further erode limited inventory.
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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.
Inman
JANUARY 17, 2024
The former FHA commissioner also held executive positions at World Savings Bank, Freddie Mac, and The Long and Foster Companies before leading the Mortgage Bankers Association.
Housing Wire
JANUARY 17, 2024
New home construction exploded early in the pandemic as soaring home demand squeezed existing inventory nationwide, giving homebuilders a much bigger share of a shrinking pie. However, as mortgage rates hit multi-decade highs , cooling demand and shrinking the pool of qualified buyers for new homes, homebuilders slowed their pace of construction, which settled at a plateau that is still well above pre-pandemic levels.
RIS Media
JANUARY 18, 2024
Selling a home for the first time can be daunting, filled with uncertainties and questions. However, the process can be smooth and thriving with the proper knowledge and strategic planning. We will showcase valuable tips and advice for first-time homesellers. The information will cover essential aspects to ensure a profitable and stress-free home sale.
Real Estate News
JANUARY 19, 2024
The latest filing focuses on the Northeastern part of California and takes aim at MetroList MLS as well as multiple associations and brokerages.
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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