What To Know About Closing Costs
Keeping Current Matters
SEPTEMBER 12, 2024
Now that you’ve decided to buy a home and are ready to make it happen, it’s a good idea to plan ahead for the costs that are a typical part of the homebuying process.
Sat.Sep 07, 2024 - Fri.Sep 13, 2024
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Mortgage rates drop to another new low for 2024
Housing Wire
SEPTEMBER 11, 2024
On this crazy day with the bond market, mortgage rates dropped to another yearly low after the CPI inflation print. How low? Mortgage News Daily came out with a shocking print of 6.11% mortgage rates for their top-tier borrowers, while HousingWire’s Mortgage Rates Center , which tracks actual loan lock data from Polly , is also at a year-to-date low of 6.44%.
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Trending Sources
Mortgage rates flirt with 6% — your move, Fed
Real Estate News
SEPTEMBER 12, 2024
The downward trend hasn’t fired up buyers (yet), but predictions of more cuts this year could move rates closer to 5% and amp up the market next spring.
Clear Cooperation takes center stage, faces pressure to change
Inman
SEPTEMBER 10, 2024
Officials from the National Association of Realtors are meeting this week to discuss the so-called pocket listing ban — one of the industry's most polarizing rules.
The 2025 Real Estate Roadmap to Success
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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.
Why Pre-Approval Should Be at the Top of Your Homebuying To-Do List
Keeping Current Matters
SEPTEMBER 10, 2024
Since the supply of homes for sale is growing and mortgage rates are coming down, you may be thinking it’s finally your moment to jump into the market.
Can mortgage rates go even lower?
Housing Wire
SEPTEMBER 7, 2024
Mortgage rates have made almost a 2% move lower from the highs of 2023. Now that the jobs week data is in, the question is: can mortgage rates go even lower? The answer is yes, but we will need more economic weakness, better spreads and a more dovish Fed. While the Fed can be old and slow, the bond market, thankfully, is doing a lot of the heavy lifting and has already priced in a lot of Fed easing policy.
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More Trending
Rate has now taken 10K loan applications en Español
Inman
SEPTEMBER 12, 2024
DHI Mortgage, Rate and CrossCountry Mortgage ranked as biggest employers of top-producing Latino mortgage originators by the National Association of Hispanic Real Estate Professionals (NAHREP)
Checklist for Getting Your House Ready To Sell
Keeping Current Matters
SEPTEMBER 13, 2024
Getting your house ready to sell? Here are a few tips on what you may want to do to prepare.
The average homeowner just gained another $25K in equity
Housing Wire
SEPTEMBER 12, 2024
Home equity continued to rise in the second quarter of 2024 as residential properties with mortgages collectively gained $1.3 trillion in equity over the past year. But growth began to slow during these three months, according to the CoreLogic Homeowner Equity Insights report published on Thursday. The aggregate equity gain was 8% year over year, bringing total equity on mortgaged properties to more than $17.6 trillion at the end of Q2 2024.
NAR offers new advice for sellers on agent compensation
Real Estate News
SEPTEMBER 12, 2024
With industry rule changes now in effect, the National Association of Realtors has been doubling down on education and outreach to buyers and sellers.
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.
Investors’ expectations for big Fed rate cut rise on new data releases
Inman
SEPTEMBER 13, 2024
Investors who fund most mortgages have already priced in several rate cuts, so further declines could depend on what next week's "dot plot" says about expectations for the pace of future cuts.
The Surprising Amount of Home Equity You’ve Gained over the Years
Keeping Current Matters
SEPTEMBER 9, 2024
There are a number of reasons you may be thinking about selling your house.
The fall housing market could see hotter competition, Zillow says
Housing Wire
SEPTEMBER 12, 2024
Lower mortgage rates over the past several months have led to increased affordability for prospective homebuyers, and this could lead to an extra competitive fall 2024 season. That’s according to a Zillow report released Thursday in which the Seattle -based real estate company said that “lower mortgage rates and rising inventory are giving home buyers a window of opportunity at an unusual time of year.“ Zillow noted that the U.S. median monthly mortgage payment in August had declined by mo
Record share of consumers expect mortgage rates to fall
Real Estate News
SEPTEMBER 9, 2024
A Fannie Mae survey found that despite sour attitudes about homebuying, there’s hope that rates and prices will decline — and a geographic divide over selling.
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.
NAR vows to take its DOJ beef all the way to the top: The Download
Inman
SEPTEMBER 7, 2024
They've been fighting since 2020, and now NAR plans to take the Department of Justice to the nation's highest court to enforce a previous settlement.
The Real Story Behind What’s Happening with Home Prices
Keeping Current Matters
SEPTEMBER 11, 2024
If you’re wondering what’s going on with home prices lately, you’re definitely not the only one.
54% of baby boomers say they’ll never sell their homes
Housing Wire
SEPTEMBER 10, 2024
In a traditional sense, the term “silver tsunami” refers to pent-up housing stock that older homeowners will eventually choose to sell, which would have the effect of flooding the market with new inventory. But if prior suppositions about this trend being overblown failed to convince people, new data might make things clearer. More than half (54%) of baby boomers have no intention of ever selling their homes, according to new survey data from Clever Real Estate.
Curbio to pay $7.5 million to settle lawsuit
Real Estate News
SEPTEMBER 13, 2024
The pre-sale renovation company, which got early support from NAR, also will change its marketing and be more transparent about its deals with agents.
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.
Agents say business as usual since Aug. 17 — but signs of strain ahead
Inman
SEPTEMBER 9, 2024
While most reported normal activity in the weeks after the commission rules took effect, some saw an uptick in listing clients refusing to pay buyers' fees, new Inman Intel Index results show.
Locals Clash Over Arrow Linen Site’s Future at Raucous Community Hearing
Brownstoner
SEPTEMBER 10, 2024
It was standing room only, and barely any of that, at a heated two and a half hour public hearing on the Arrow Linen rezoning application in South Slope held by Community Board 7 last night, where 29 residents had the chance to speak to the crowd and many others… Read More > The post Locals Clash Over Arrow Linen Site’s Future at Raucous Community Hearing appeared first on Brownstoner.
More home sellers are withdrawing listings
Housing Wire
SEPTEMBER 9, 2024
While inventory of unsold homes in the housing market in each of the last two years headed higher during September and October due to mortgage rate spikes, we’re seeing a more normal seasonal pattern now with inventory beginning to decline. We’re also seeing more home sellers withdrawing their listings to try again next year. In fact, for every two sales, there is another listing withdrawn from the market.
NAR discrimination suit now a federal case
Real Estate News
SEPTEMBER 12, 2024
An amended complaint by a former project manager adds new claims and details to sexual harassment, discrimination and retaliation allegations.
Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage
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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.
California MLS MetroList debuts AI-based voice search
Inman
SEPTEMBER 12, 2024
The search platform is already live on the multiple listing service's website and comes amid a growing interest in using artificial intelligence to improve consumer home searches
Where are Laundry Rooms Located?
Eye on Housing
SEPTEMBER 11, 2024
In 2023, the majority of homes started featured laundry connections on the first floor (72%), according to the Census’s Survey of Construction. Laundry located on the second floor or higher was the second most prevalent at 26%. The basement, garage, and other locations all had a 1% or lower share. In NAHB’s What Home Buyer’s.
Agent commissions are being negotiated more often, but it’s a ‘tale of two markets’
Housing Wire
SEPTEMBER 9, 2024
The new rules mandated by the National Association of Realtors’ (NAR) antitrust settlement are designed to encourage more negotiations for buyer agent commissions. Almost a month after the rules went into effect, that appears to be happening. That’s according to Redfin , which interviewed dozens of its agents about what they’re seeing on the ground in regard to buyer commission conversations.
Clear Cooperation: ‘Imperative’ or legal risk?
Real Estate News
SEPTEMBER 11, 2024
The future of private listings and MLS integrity is at stake as a key NAR committee meets this week to hear arguments about keeping — or scrapping — the policy.
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.
Rocket is first mortgage lender to raise its conforming loan limits
Inman
SEPTEMBER 13, 2024
Rocket will treat loans of up to $802,650 as conforming ahead of expected increase. Last year UWM and Guaranteed Rate also got a jump on the official announcement.
Do Presidential Elections Impact the Housing Market?
RIS Media
SEPTEMBER 13, 2024
Conventional wisdom has held that the housing market slows in the months leading up to a presidential election. However, data over the past three decades show that there’s no notable impact on the housing market in election years. Could this year be different? So far, the 2024 presidential election cycle has been unusual by many… The post Do Presidential Elections Impact the Housing Market?
Refinance demand is up, but most borrowers lack incentive
Housing Wire
SEPTEMBER 11, 2024
Mortgage rates have declined for six straight weeks, pushing loan application volume up 1.4% during the week ending Sept. 6, according to the Mortgage Bankers Association (MBA). The MBA’s survey — which covers 75% of all retail residential mortgage applications in the U.S. — found that the seasonally adjusted refinance index increased 1% from the previous week and was 106% higher than the same week a year ago.
NAR doing a good job, associations say; MLSs aren’t so sure
Real Estate News
SEPTEMBER 10, 2024
A recent poll shows a split between major industry players when it comes to the National Association of Realtors’ performance — and its settlement.
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.
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