Housing Wire
OCTOBER 17, 2024
The U.S. economy appears to be on firmer footing than previously thought, mortgage rates are forecast to end 2024 at 6% and home-price growth is also on the move. These are conclusions drawn by economists at Fannie Mae ‘s Economic and Strategic Research (ESR) Group. They’re now projecting gross domestic product (GDP) growth to fall from 3.2% in 2023 to 2.3% in 2024 and 2% in 2025.
Real Estate News
OCTOBER 17, 2024
The DANGER Report took a “frank and sometimes searing” look at the risks facing agents, brokers, associations, MLSs and the National Association of Realtors.
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Inman
OCTOBER 17, 2024
The mobile-forward fintech company that marries real estate investment search and analysis with streamlined financing has raised a $184 million through two private credit funds, one a $30M of equity, the other is asset-backed financing of $154 million.
Keeping Current Matters
OCTOBER 14, 2024
If you’re looking to break into homeownership but the price of single-family homes has you second-guessing, you might want to consider a condominium (condo) or townhome.
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.
Housing Wire
OCTOBER 17, 2024
Wall Street investors and analysts forecast that mortgage credit-score costs will rise in 2025 as lower interest rates may drive an increase in home loan applications. Fair Isaac Corp. (FICO), the company that retains the rights to the market’s widely adopted consumer credit-risk assessment methodology, is expected to raise the price for mortgage credit scores from $3.50 to at least $5, according to the estimates.
Real Estate News
OCTOBER 15, 2024
“People are buying” — and living in — these futuristic homes, with dozens sold at a community in Texas, and more widespread adoption expected in five years
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Keeping Current Matters
OCTOBER 15, 2024
For some buyers, there’s a misconception that newly built homes aren’t made to last or fall short of the quality you can find in older homes.
Housing Wire
OCTOBER 18, 2024
California-based Provident Funding Associates LLC is getting out of the Florida condo lending business , it told broker partners on Friday. In an email sent Friday morning, Provident said that it would “no longer be accepting new applications for condominiums ” effective that day. Provident told broker partners that all loans in the pipeline must be locked by 11:59 p.m.
Real Estate News
OCTOBER 17, 2024
Mortgage rates moved up again, but for the market as a whole, “the worst may be behind us.” Plus, improving builder optimism could mean more future supply.
Inman
OCTOBER 18, 2024
A majority of the 1,200 Flagstar employees being let go in $1.4 billion sale of the company's mortgage servicing business will be offered the opportunity to transfer to Dallas-based Mr. Cooper.
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Keeping Current Matters
OCTOBER 18, 2024
You may be torn between buying a home now or waiting. But don’t forget to factor in the equity you’ll gain as prices rise.
Housing Wire
OCTOBER 15, 2024
About a year ago, I started noticing a parallel between the housing market and the labor market. Unemployment in the country is very low. Everyone has a job. The conventional wisdom for almost three years has been that job market must weaken, unemployment must be rising. But for three years, unemployment has stayed low. Normally when unemployment is this low, people are confident that they’ll find a new job and they are much more likely to quit a current gig that isn’t right for them.
Real Estate News
OCTOBER 15, 2024
Nearly a quarter of first-time buyers may wait even longer, to see if down payment help or other candidate promises materialize in 2025, a Redfin survey found.
Inman
OCTOBER 17, 2024
Fannie Mae economists say surprising strength of the U.S. economy means home prices are likely to keep rising, and mortgage rates may not come down as quickly as previously expected.
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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.
Keeping Current Matters
OCTOBER 17, 2024
Homeowners typically slow down their moving plans as the summer months wrap up, and as a result, fewer homes are listed for sale in the fall.
Housing Wire
OCTOBER 16, 2024
Mortgage applications decreased 17% from one week earlier as mortgage rates surged, according to data from the Mortgage Bankers Association ’s (MBA) weekly application survey for the week ending October 11, 2024. The Market Composite Index, a measure of mortgage loan application volume, decreased 17% on both a seasonally adjusted and an unadjusted basis from one week earlier.
Real Estate News
OCTOBER 15, 2024
A new statement from the agency suggests that when information is shared only among competitors — like trade group members — it sets off antitrust alarm bells.
Inman
OCTOBER 14, 2024
More than 89 percent of active sellers told Intel they're open to covering the buyer’s commission — even as homebuyers increasingly seek to negotiate lower commission rates with their own agents.
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Keeping Current Matters
OCTOBER 16, 2024
Did you know? Homeowners are often able to put more money down when they buy their next home.
Housing Wire
OCTOBER 16, 2024
About a week after the Federal Reserve lowered benchmark interest rates for the first time since the start of the COVID-19 pandemic, mortgage rates reached their low point for 2024. The news has not been so positive since then for U.S. consumers or the housing industry. According to HousingWire’s Mortgage Rates Center, the average 30-year conforming rate bottomed out at 6.24% on Sept. 27.
Real Estate News
OCTOBER 16, 2024
A range of competing factors are driving volatility in rates, making it harder to forecast their direction — but they're likely to decline further this year.
Inman
OCTOBER 13, 2024
The better your listing marketing plan, the better the results, and the more listing opportunities you will have in the future. Jimmy Burgess offers a step-by-step strategy for winning now.
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.
RIS Media
OCTOBER 16, 2024
Above, Sarah Galperin In the luxury real estate arena, where trust and exclusivity are paramount, Sarah Galperin of Compass Florida is reshaping the standards of success. With a background in fashion and photography, Galperin brings a creative edge to marketing properties, turning each listing into a sought-after masterpiece. Her secret? Building deep connections and offering… The post Women in Real Estate: Unlocking Value With Niche Strategies appeared first on RISMedia.
Housing Wire
OCTOBER 13, 2024
Housing inventory, which saw an excellent pickup a few weeks ago, has been slowing down and last week we saw a slight decline. Has seasonality finally kicked in or did back-to-back hurricanes slow things enough to influence inventory data? Weekly housing inventory data Four weeks ago was the best week of inventory growth in 2024, as we hit my model range without higher mortgage rates : I gave it the chef’s kiss.
Real Estate News
OCTOBER 14, 2024
More than half of recent sellers say they negotiated with their agent to lower the commission, according to new survey data from Zillow.
Inman
OCTOBER 17, 2024
Alfonso M. Dyson moonlighted as a real estate agent in Annapolis, Maryland, while he was second-in-command of the Secret Service's uniformed division. After he was promoted to chief, his subordinates who had done real estate business with him were also promoted.
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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.
Bigger Pockets
OCTOBER 14, 2024
Think of public housing, and a familiar picture comes to mind: hulking, run-down brick tenement buildings, graffiti-strewn malfunctioning elevators, crime, drugs, and all the social ills that go with it.
Housing Wire
OCTOBER 15, 2024
The Federal Communications Commission (FCC) — the regulatory body that oversees communications across a wide variety of media including radio, telephone and the internet — announced that new rules related to the Telephone Consumer Protection Act (TCPA) will go into effect in April 2025. The new guidelines are designed to make it easier for consumers to revoke consent for unwanted robocalls and texts.
Real Estate News
OCTOBER 18, 2024
A recent survey found that while both veterans and civilians are feeling more prepared to buy, veterans are more likely to purchase a home in the next year.
Inman
OCTOBER 15, 2024
The legal scrutiny over antitrust practices has heightened, with a particular focus on policies that may stifle competition and hinder consumer choice, coach Darryl Davis writes.
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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