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.
Sat.Sep 14, 2024 - Fri.Sep 20, 2024
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Why have mortgage rates gone up since the Fed rate cut?
Housing Wire
SEPTEMBER 19, 2024
The Federal Reserve cut rates on Wednesday and mortgage rates went up! What happened? The answer lies in the bond market. The 10-year yield and 30-year mortgage rates have been in a slow dance since 1971 and trended together. The bond market isn’t old and slow like the Fed — it moves very quickly, and for months it has been sending the 10-year yield (and mortgage rates) lower in anticipation of a series of Fed rate cuts, not just one or two.
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NAR tells buyers they can — and should — negotiate with agents
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.
Era Ventures launches record-breaking $88M real estate fund
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.
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.
Mortgage Rates Drop to Lowest Level in over a Year and a Half
Keeping Current Matters
SEPTEMBER 17, 2024
Mortgage rates have hit their lowest point in over a year and a half.
Lower mortgage rates attracting more homebuyers
Housing Wire
SEPTEMBER 15, 2024
An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s review the data together. Purchase application data First, purchase apps is the fastest way to look for positive or negative data at higher or lower mortgage rates.
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Reffkin: NAR’s Clear Cooperation breaks ethics code, state laws
Inman
SEPTEMBER 20, 2024
In challenging the National Association of Realtors' Clear Cooperation Policy, Robert Reffkin writes, Realtors are upholding their highest moral, ethical and legal duties to serve clients.
Lower Mortgage Rates Boost Your Buying Power
Keeping Current Matters
SEPTEMBER 20, 2024
Mortgage rates are trending down and that’s great news for your bottom line.
Fed goes big, slashing interest rates by 50 bps
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
Attorneys want nearly a quarter billion of NAR, HSoA damages
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.
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.
Place acquires all-inclusive platform Livian
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.
The Latest Builder Trend: Smaller, Less Expensive Homes
Keeping Current Matters
SEPTEMBER 18, 2024
Even though affordability is improving, buying a home can still feel tough right now.
Pennymac increases its conforming loan limit to $802,650
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.
Make NAR membership optional, state association says
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.
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.
Alabama Association of Realtors to NAR: Make membership optional
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.
The Best Time To Buy a Home This Year
Keeping Current Matters
SEPTEMBER 16, 2024
A shift is underway in the housing market this season.
Real estate agents have mixed feelings about Fed rate cut
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?
Brokerage Beat: Former eXp execs launch new venture; movers in S. Florida
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.
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.
Mortgage payments cheaper than rent in nearly half of all US metros
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.
Fed Makes Aggressive Interest Rate Cut
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.
Alabama Realtors ask NAR to decouple association memberships
Housing Wire
SEPTEMBER 19, 2024
The Alabama Association of Realtors (AAR) is asking the National Association of Realtors (NAR) to provide greater flexibility by allowing members to decide which levels of Realtor associations they would like to join. AAR made the request in a letter sent Monday to NAR CEO Nykia Wright. AAR CEO Jeremy Walker and President Senia Johnson signed the letter.
It’s decision time for the Fed, but it may be coming too late
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.
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.
That big Fed rate cut was no panacea for housing: Fitch analysts
Inman
SEPTEMBER 19, 2024
Fed easing was already priced into mortgage rates, but there's room for more relief if investors who fund most home loans get less skittish about prepayment risk and quantitative tightening.
NAR: Existing-Home Sales Decreased to 3.86 million SAAR in August
Calculated Risk Real Estate
SEPTEMBER 19, 2024
From the NAR: Existing-Home Sales Dipped 2.5% in August Existing-home sales fell in August, according to the National Association of REALTORS® Three out of four major U.S. regions posted sales declines while the Midwest registered no change. Year-over-year, sales slipped in three regions but remained stable in the Northeast. Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – descended 2.5% from July to a seas
Game of chicken: Private MLSs stare down DOJ over settlement terms
Housing Wire
SEPTEMBER 18, 2024
Dawn Pfaff is a free-market evangelist, and that informs how she runs MyState MLS. The privately owned multiple listing service has taken a laissez faire approach since its launch in 2009, as it promises no fees and fewer rules than MLSs owned by Realtor associations. This manifesto has helped MyState develop a national footprint with listings for all types of properties, including single-family homes, manufactured homes, newly built homes, foreclosures and even land.
Involved in a cash sale? See if new rules affect you
Real Estate News
SEPTEMBER 15, 2024
In an effort to curb money laundering and other crimes, a federal agency has adopted rules for brokers and others involved in non-financed transactions.
The Broker Action Plan for the Post-NAR Lawsuit Landscape
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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.
2024 could be worst year for home sales since 1995: Fannie Mae
Inman
SEPTEMBER 20, 2024
Falling mortgage rates should help boost home sales by nearly 10 percent next year, but in the meantime, inventory shortages and affordability challenges are keeping a lid on sales in many markets.
My Foolproof Strategy for Earning a Higher ROI on Flips
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.
Reverse mortgage lenders are ready for lower interest rates
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.
Buyers value community — and agents who are connected to it
Real Estate News
SEPTEMBER 18, 2024
A recent survey from Century 21 found that buyers rank community higher than the home itself, and they rely on their agents to provide local insights.
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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