Sat.Nov 09, 2024 - Fri.Nov 15, 2024

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Fannie and Freddie ‘met or exceeded’ almost all single-family housing goals over four years

Housing Wire

The Congressional Budget Office (CBO) this week published a report assessing the performance of government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac in reaching their single-family housing goals. The CBO found that the GSEs “met or exceeded” nearly all goals over a four-year period from 2018 to 2022. The CBO analyzed data from the Federal Housing Finance Agency (FHFA) data in its report.

Loans 537
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The future of MLS? It's Zillow, says Compass CEO

Real Estate News

Robert Reffkin said “it’s only a matter of time” before Zillow becomes a national MLS. Zillow, meanwhile, advocated for a strong MLS and equal access to data.

MLS 328
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What’s Motivating Homeowners To Move Right Now

Keeping Current Matters

Over the past few years, some homeowners have decided to delay their move because they don’t want to sell and take on a higher mortgage rate on their next home.

Mortgages 293
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Compass CEO Robert Reffkin: Zillow will be the national MLS

Inman

Reffkin continued his campaign against the Clear Cooperation Policy at the National Association of Realtor's annual NAR NXT conference during a "Future of the MLS" session Friday.

MLS 183
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The 2025 Real Estate Roadmap to Success

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.

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Mortgage rates jump to 7% as Powell demurs on quick rate cuts

Housing Wire

Jerome Powell , the chair of the Federal Reserve , said on Thursday that the U.S. economy is “not sending any signals that we need to be in a hurry to lower rates.” The statement was enough to raise mortgage rates to an even higher level, a sharp departure from the optimism lenders experienced during the September rally, which now seems like a distant memory.

Mortgages 531
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Homebuying demand ticks up despite elevated rates

Real Estate News

With the election over and rates appearing to stabilize, more would-be buyers were looking at homes this past week.

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More Trending

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‘Unconstitutional’ court order risks NAR deal on appeal: Professor

Inman

Contracts law professor Tanya Monestier, an objector in the NAR settlement, described Judge Stephen Bough's order compelling objectors to appear in person as a "glaring appellate issue.

MLS 181
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To boost Black homeownership, the U.S. must navigate a ‘troubling environment’

Housing Wire

The U.S. finds itself in a “troubling environment” for bolstering Black homeownership as evidenced by two key — and lagging — metrics. This is according to the 2024 State of Housing in Black America (SHIBA) report published this month by the National Association of Real Estate Brokers (NAREB). “The two best-performing demographics for African Americans — Black female-headed households and millennials — both declined in home sales in 2023,” the organization explained in an announcement of the rep

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DOJ will ‘get their wings clipped,’ predicts brokerage leader

Real Estate News

Broker and real estate influencer Anthony Lamacchia told agents at NAR NXT that it’s “ridiculous” what the DOJ has been “doing to our industry” in recent years.

Brokerage 312
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More Homes, Slower Price Growth – What It Means for You as a Buyer

Keeping Current Matters

There are more homes on the market right now than there have been in years – and that could be a game changer for you if you’re ready to buy.

Marketing 295
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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.

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Brokerages expect rates to drop. Their clients bank on the opposite

Inman

Potential real estate clients are growing less responsive to mortgage-rate dips, one of several key takeaways from the results of the latest Inman-Dig Insights consumer survey.

Banks 172
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Credit data shows: There’s no housing crash coming

Housing Wire

The housing bubble crash theory has failed once again as we approach the end of 2024, but it’s always important to know why something didn’t happen. This week, we got the updated New York Fed credit data report and it shows the strong position of homeowners — especially in comparison to the years before the Great Financial Crisis. This is the kind of information you need as we get close to Thanksgiving and share the dinner table with Uncle Dave who says (for the 13th year) that we’re seein

Loans 521
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Zillow president steps down, company names new COO

Real Estate News

President Susan Daimler is departing after 12 years at the company, while SVP Jun Choo moves into the C-suite.

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More Homes, Slower Price Growth – What It Means for You as a Buyer

Keeping Current Matters

There are more homes on the market right now than there have been in years – and that could be a game changer for you if you’re ready to buy.

Marketing 294
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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.

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Commissions held steady in 60 days after Aug. 17 deadline: Study

Inman

Commissions haven't changed much since the NAR settlement terms went into effect, but early signs show where things may be heading, dueling surveys by AccountTECH and Inman Intel show.

Agents 167
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Foreclosure filings rose in October. Could this trend continue in 2025?

Housing Wire

With fluctuating mortgage rates and economic pressure in the housing market, foreclosure activity ramped up in October 2024. According to real estate data provider Attom , homebuyers may face more challenges heading into 2025. Attom released its October 2024 U.S. Foreclosure Market Report on Tuesday. It showed that 30,784 properties had foreclosure filings last month.

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NAR economists offer dire warnings about inventory, rates

Real Estate News

If home price growth continues at the current pace, “America will be completely divided,” said Chief Economist Lawrence Yun. The solution? “More supply.

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The Big Difference Between Renter and Homeowner Net Worth

Keeping Current Matters

If you’re torn between renting or buying, don’t forget to factor in the wealth-building power of homeownership.

Equity 281
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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.

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How resilient agents embrace change and thrive in uncertainty

Inman

It’s not about avoiding challenges, Ojo's Chris Heller writes. It’s about embracing them as opportunities to grow, improve and lead.

Agents 166
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15 Facebook groups every real estate agent & broker should join today

Housing Wire

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. While new social media platforms seem to pop up all the time, Facebook remains a tried-and-true platform for real estate agents to grow their business in a variety of ways. Joining and engaging with groups of fellow Realtors on Facebook should be a key tool in every agent’s toolbox.

Agents 418
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NAR seeking outside help to get ahead of antitrust issues

Real Estate News

CEO Nykia Wright said she is also engaging a chief human resources officer, as well as a special advisor to help re-establish broker relationships.

As-is 298
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Should You Sell Your House or Rent It Out?

Keeping Current Matters

When you’re ready to move, figuring out what to do with your house is a big decision.

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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.

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EXp suffers setback in bid for ‘sweetheart’ commission deal

Inman

A judge has denied the brokerage's request for a stay in the Gibson case, saying a tactic the company is accused of using to settle a different suit involves a "collusive element.

Brokerage 166
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Veterans have down payment assistance options of up to $117K

Housing Wire

As 2025 approaches, state-funded down payment assistance (DPA) programs are helping veterans , service members and surviving spouses achieve their dreams of homeownership. This comes from a new survey by Down Payment Resource — a nationwide database designed to connect prospective homebuyers to financial assistance opportunities. The study analyzed DPA programs from more than 1,300 housing finance agencies, municipalities, nonprofits and other organizations.

Mortgages 397
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NAR economist bullish on home sales rebound in 2025

Real Estate News

Yun expects existing sales to rise 9% next year and even more in 2026, though the market has proved difficult to predict in recent years.

Sales 299
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Housing Market Predictions for 2025 and 2026 by NAR Chief

Marco Santarelli

As we dive into Housing Market Predictions for 2025 and 2026 , experts are projecting a notable increase in home sales, with estimates showing a 9% increase for 2025 and an impressive 13% increase for 2026. This optimistic forecast is largely attributed to stabilizing mortgage rates, which are expected to hover around 6%. According to NAR Chief Economist Lawrence Yun , we might finally be turning a corner after a challenging period marked by high borrowing costs and low inventory.

Marketing 116
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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.

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NAR hit with new 3-way agreement suit as enrollment imbroglio builds

Inman

The antitrust lawsuit filed by broker John Diaz in U.S. District Court in Los Angeles claims the membership agreement creates "an anti-competitive monopoly over MLS services.

MLS 183
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Gen X homebuyers should prioritize aging in place: Boston Globe

Housing Wire

Homebuyers who are part of Generation X — primarily born between the mid 1960s and the early 1980s — should keep accessibility features in mind as they approach retirement, since Americans are increasingly looking to age in place in their own homes once their time in the workforce is complete. This is according to a recent article at the Boston Globe that took a closer look at the kinds of homes that those currently in their mid-to-late 50s may want to prioritize as they look to the future.

Design 435
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More challenges to NAR settlement; headaches for Hanna

Real Estate News

A law professor says the court doesn’t have the authority to force objectors to attend in person, while in Pennsylvania, Howard Hanna’s dismissal is appealed.

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Mayor Adams raises concerns over real estate broker fee bill set to get City Council vote Wednesday

Brownstoner

Mayor Eric Adams on Tuesday raised concerns about City Council legislation that would relieve most renters from having to pay real estate broker fees, a day before the bill is expected to pass the chamber. During his weekly off-topic news conference on Nov. 12, Adams said that while he agrees with… Read More > The post Mayor Adams raises concerns over real estate broker fee bill set to get City Council vote Wednesday appeared first on Brownstoner.

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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.