Sat.Sep 07, 2024 - Fri.Sep 13, 2024

article thumbnail

What To Know About Closing Costs

Keeping Current Matters

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.

article thumbnail

Mortgage rates drop to another new low for 2024

Housing Wire

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%.

Mortgages 514
Insiders

Sign Up for our Newsletter

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

article thumbnail

Mortgage rates flirt with 6% — your move, Fed

Real Estate News

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.

Mortgages 285
article thumbnail

Investors’ expectations for big Fed rate cut rise on new data releases

Inman

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.

Investor 199
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

Why Pre-Approval Should Be at the Top of Your Homebuying To-Do List

Keeping Current Matters

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.

article thumbnail

Can mortgage rates go even lower?

Housing Wire

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.

Mortgages 532

More Trending

article thumbnail

The code of the west: Why ranchers excel as real estate pros

Inman

Ranchers turned real estate advisors offer unmatched expertise in land and ranch sales, expertly navigating complex transactions with deep knowledge of regulations, natural resources and property nuances.

Land 193
article thumbnail

The Real Story Behind What’s Happening with Home Prices

Keeping Current Matters

If you’re wondering what’s going on with home prices lately, you’re definitely not the only one.

312
312
article thumbnail

The average homeowner just gained another $25K in equity

Housing Wire

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.

Equity 508
article thumbnail

Curbio to pay $7.5 million to settle lawsuit

Real Estate News

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.

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

Bezos got a bargain. Now the homeseller’s suing Douglas Elliman

Inman

After learning that Amazon founder Jeff Bezos was behind the entity that had purchased his Indian Creek Island home at a $6 million discount, homeseller Leo Kryss was not pleased with the brokerage, which double-ended the deal.

Brokerage 189
article thumbnail

Checklist for Getting Your House Ready To Sell

Keeping Current Matters

Getting your house ready to sell? Here are a few tips on what you may want to do to prepare.

319
319
article thumbnail

The fall housing market could see hotter competition, Zillow says

Housing Wire

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

Marketing 482
article thumbnail

Data shares expand in the Southeast, renew in Colorado

Real Estate News

Agents in four states — Tennessee, Georgia and the Carolinas — can now access 1.9 million shared listings, while REcolorado and IRES re-up their partnership.

Agents 248
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

California MLS MetroList debuts AI-based voice search

Inman

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

MLS 190
article thumbnail

The Surprising Amount of Home Equity You’ve Gained over the Years

Keeping Current Matters

There are a number of reasons you may be thinking about selling your house.

Equity 318
article thumbnail

More home sellers are withdrawing listings

Housing Wire

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.

Mortgages 482
article thumbnail

NAR doing a good job, associations say; MLSs aren’t so sure

Real Estate News

A recent poll shows a split between major industry players when it comes to the National Association of Realtors’ performance — and its settlement.

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

Century 21 agent earns bronze for US Paralympics swim team

Inman

Twenty-three-year-old Century 21 Scala Group agent Matt Torres shares his journey to the 2024 Paris Paralympics and the key to helping people with disabilities thrive.

Agents 189
article thumbnail

Where are Laundry Rooms Located? 

Eye on Housing

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.

article thumbnail

54% of baby boomers say they’ll never sell their homes

Housing Wire

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.

Mortgages 481
article thumbnail

Revise or remove Clear Cooperation, most industry pros say

Real Estate News

According to a recent WAV Group poll of real estate professionals, only 28% want to keep the policy as-is, with many citing concerns over litigation.

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

Rate has now taken 10K loan applications en Español

Inman

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)

Loans 191
article thumbnail

Locals Clash Over Arrow Linen Site’s Future at Raucous Community Hearing

Brownstoner

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.

article thumbnail

How agents can thrive in a recession: 7 tips from a KW mega broker

Housing Wire

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. At the recent Keller Williams Mega Agent Camp , the shaky economy was a common topic of conversation. Most people used hushed tones and euphemisms to describe the “softening market” or “economic uncertainty”, but Gary Keller didn’t mince words: a recession is not only possible, but likely.

Agents 448
article thumbnail

Exclusive listings on the MLS? Here’s how Bright is doing it

Real Estate News

The nation’s second-largest multiple listing service has been making it easier to enter the data (and keep it private). Is this the wave of the future?

MLS 226
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

Clear Cooperation takes center stage, faces pressure to change

Inman

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.

Staging 197
article thumbnail

Buyer Agent Playbook: 3 Reasons Clients Must Buy Now Instead of Waiting

RIS Media

As Tom Petty sang, “The waiting is the hardest part.” Was he referring to homebuyer hopefuls? Not sure, but either way, it’s almost go-time for those who’ve waited patiently for mortgage rates to finally begin a downward trajectory after years of staying in the high sixes, sevens and even briefly the eights. Inflation has cooled,… The post Buyer Agent Playbook: 3 Reasons Clients Must Buy Now Instead of Waiting appeared first on RISMedia.

Agents 131
article thumbnail

CFPB director open to changing mortgage regs to fix refi process

Housing Wire

The mortgage industry has complained loudly and often that government regulation and investor requirements are contributing to spiraling costs that get passed on to consumers. And Rohit Chopra , the hard-charging director of the Consumer Financial Protection Bureau , who is often the target of such complaints, apparently agrees. At least when it comes to redundancies with refinancings, that is. “We really think closing costs can be a significant obstacle to refinancing,” Chopra said

Mortgages 474
article thumbnail

NAR discrimination suit now a federal case

Real Estate News

An amended complaint by a former project manager adds new claims and details to sexual harassment, discrimination and retaliation allegations.

228
228
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.