Falling Mortgage Rates Are Bringing Buyers Back
Keeping Current Matters
SEPTEMBER 19, 2024
If you’ve been hesitant to list your house because you’re worried no one’s buying, here’s your sign it may be time to talk with an agent.
Keeping Current Matters
SEPTEMBER 19, 2024
If you’ve been hesitant to list your house because you’re worried no one’s buying, here’s your sign it may be time to talk with an agent.
Housing Wire
SEPTEMBER 18, 2024
The Federal Reserve lowered its benchmark interest rate on Wednesday by 50 basis points (bps) to a range of 4.75% to 5%, turning an important corner in the central bank’s fight against inflation. The cut is the first since March 2020 after the Fed raised interest rates to a 23-year high point to cool the economy and quell inflation. With both inflation and the labor market cooling, economists and housing professionals alike had expected the Fed to cut borrowing costs in September, with the
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Real Estate News
SEPTEMBER 20, 2024
A new guide explains the types of compensation allowed (not an “open-ended amount or a range”), how buyers can ask sellers to pay and when it’s OK to walk away.
Inman
SEPTEMBER 19, 2024
The two real estate platforms have been growing on the same trajectory at Keller Williams for more than a decade, their founders said, and during this challenging period in the industry, it made sense to combine forces.
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Keeping Current Matters
SEPTEMBER 17, 2024
Mortgage rates have hit their lowest point in over a year and a half.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
SEPTEMBER 19, 2024
Alabama Realtors wants members to have “greater flexibility” with their dues dollars. Without it, NAR faces legal risk and could “lose these members forever.
Inman
SEPTEMBER 18, 2024
Clelia Warburg Peters, Era Ventures' founder, is the first woman to raise an initial fund of this size in the real estate category. The fund will distribute capital across various stages of innovation.
Keeping Current Matters
SEPTEMBER 18, 2024
Even though affordability is improving, buying a home can still feel tough right now.
Housing Wire
SEPTEMBER 19, 2024
Real estate agents have white-knuckled their way through more than two years of suffocatingly high mortgage rates that have stymied sales, choked off inventory and pushed home prices to new all-time highs. So what was the reaction from agents when the Federal Reserve surprised everyone by cutting rates by 50 basis points rather than the 25 that was taken as a given?
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Real Estate News
SEPTEMBER 18, 2024
The board took an aggressive approach with its 50-basis point cut, and signaled that two more cuts are coming this year.
Inman
SEPTEMBER 20, 2024
The Department of Housing and Urban Development has partnered with Zillow for "Let's Make Home the Goal," a campaign aimed at connecting minority communities with HUD pre-housing counseling services.
Keeping Current Matters
SEPTEMBER 16, 2024
A shift is underway in the housing market this season.
Housing Wire
SEPTEMBER 19, 2024
Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. In this article, we’ll show you exactly how to convert unrepresented sellers into listings and sales with our proven FSBO scripts. These scripts come from our experience — not just coaching agents but as experienced brokers with long real estate careers.
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Real Estate News
SEPTEMBER 16, 2024
Using the “one-third” formula, the plaintiffs’ lawyers are asking for more than $225 million from the two commissions settlements, plus other expenses.
Inman
SEPTEMBER 18, 2024
Central bank policymakers drop short-term rates by 1/2 percentage point and signal more cuts ahead, but much of the impact may already be priced in to mortgage rates.
RIS Media
SEPTEMBER 18, 2024
The Federal Reserve (Fed) has turned expectations into a reality, making its first interest rate cuts since the start of the pandemic. Against the backdrop of a cooling job market and cooling inflation, all Fed officials opted to lower the federal funds rates by half a percentage point—50 basis points—to 4.75% to 5%, making a… The post Fed Makes Aggressive Interest Rate Cut appeared first on RISMedia.
Housing Wire
SEPTEMBER 19, 2024
Like the traditional forward space, the reverse mortgage industry has been operating in an elevated interest rate environment for some time. While news of the Federal Reserve lowering its benchmark interest rate by 50 basis points (bps) to a range of 4.75% to 5% will have wider economic ramifications in the government’s ongoing efforts to fight inflation, there are expected benefits to the reverse mortgage business as well as the demographic it serves: seniors on a fixed income.
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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.
Real Estate News
SEPTEMBER 14, 2024
Leaders from eXp and two indie firms announce Realty of America; Compass loses Florida agents to The Agency and Elliman; Christie's, E&V, Corcoran expand.
Inman
SEPTEMBER 17, 2024
Mortgage rates have dropped to their lowest levels since 2023 in 22 of the 50 largest U.S. metros — even as rent prices continue to rise, according to a new analysis from Zillow released on Monday.
Bigger Pockets
SEPTEMBER 20, 2024
The challenging aspect of any renovation is determining what to renovate and selecting appropriate finishes. There’s no one-size-fits-all rule for renovations and finishes guaranteeing the highest ROI.
Housing Wire
SEPTEMBER 15, 2024
In what has become a familiar fall ritual, mortgage lenders are increasing their conforming loan limits months ahead of the FHFA’s official announcement. On Friday, Rocket Pro TPO and Pennymac both announced an increase in their conforming loan limits to $802,650 — before the expected increase by the FHFA in November. Rocket’s increase was effective Friday and Pennymac’s increase will be effective for new broker locks on Monday, Sept. 16.
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.
Real Estate News
SEPTEMBER 19, 2024
A home’s layout and natural light are important, but a new survey reveals what people refuse to give up — and how many of them can stick to their budgets.
Inman
SEPTEMBER 19, 2024
"It is time to allow members the ability to choose where they allocate their membership and dues dollars between the local, state and national levels," Alabama Realtors wrote to NAR on Tuesday.
Seattle Times Real Estate
SEPTEMBER 19, 2024
An unassuming house is flipping the script on gentrification and displacement in the Central District — and providing a blueprint for other neighborhoods.
Housing Wire
SEPTEMBER 18, 2024
For those of us in the mortgage world, the spring and summer market may be showing some signs of slowing down, and what a ride this market has been. If the past few years have taught us anything, even the veterans must find ways to adapt, and anything can happen in our industry. You deserve a pat on the back if you are still standing because it has been a wild ride.
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Real Estate News
SEPTEMBER 17, 2024
While a rate cut — which could further drive down mortgage rates — would help homebuyers, there are other headwinds at play in the final months of 2024.
Inman
SEPTEMBER 16, 2024
The Obamas lived in the apartment from 1993 to 2005. The home is now being sold by Grammy-award-winning jazz singer Kurt Elling and his wife, Jennifer Elling.
RIS Media
SEPTEMBER 18, 2024
Ahead of today’s highly anticipated rate cut by the Federal Reserve, applications for home purchases saw a significant increase last week, their fourth straight week of increases. The Mortgage Bankers Association’s (MBA) reported that home purchase applications increased 14.2% from the previous week’s 1.4% increase, according to its latest Weekly Applications Survey for the week… The post Mortgage Applications Surge This Week appeared first on RISMedia.
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