Housing Wire

JUNE 27, 2024

The median monthly payment for purchase mortgage applicants decreased to $2,219 in May, down 1.6% from the prior month , according to data released Thursday by the Mortgage Bankers Association (MBA). ”Homebuyer affordability conditions improved in May as slightly lower mortgage rates and an uptick in housing inventory slightly eased the recent rise in application payment amounts,” Edward Seiler, MBA’s associate vice president of housing economics, said in a statement.

FHA loan 418

FHA loan Mortgages Loans As-is 418

Real Estate News

JUNE 24, 2024

The associations that own the 16th-largest MLS surprised its leaders with a deal that “scared the absolute hell out of us,” REcolorado’s vice chair said.

Equity 359

Equity MLS 359

Keeping Current Matters

JUNE 24, 2024

As we move into the second half of 2024, here’s what experts say you should expect for home prices, mortgage rates, and home sales.

Marketing 318

Marketing Mortgages Sales 318

Inman

JUNE 28, 2024

Owners of the 16th largest MLS in the country plan to sell to a newly formed private company called MAZL that is run by a person identified only as J. Burks.

MLS 198

MLS As-is Industrial 198

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Development

Housing Wire

JUNE 27, 2024

After rising in March , pending home sales continued to slide in May, with the Pending Home Sales Index (PHSI) posting its second consecutive month of declines to reach a record low, according to data released Thursday by the National Association of Realtors (NAR). The PHSI fell 2.1% from April to a reading of 70.8 in May, which was down 6.6% on a yearly basis.

Sales 501

Sales Mortgages Industrial Marketing 501

Real Estate News

JUNE 22, 2024

New York is one of only two cities where landlords can hire brokers and require renters to pay them. This may be changing — but not if the industry has its way.

Industrial 350

Industrial 350

Inman

JUNE 24, 2024

Fannie Mae on Friday slashed its 2024 forecast as a result of weak spring home sales, but listings are returning to the market and mortgage rates look poised to drop, according to new projections.

Sales 194

Sales Mortgages Marketing Agents 194

Housing Wire

JUNE 22, 2024

Are we seeing the start of a market shift in mortgage demand? Notably, mortgage rates have been gradually declining, and we’ve observed back-to-back positive weeks in purchase application data for the first time since mid-March. While I typically prefer to see a sustained growth of 12-14 weeks before concluding there’s been a sea change, the low bar in purchase application data suggests that even a slight change could push demand higher if mortgage rates keep falling.

Mortgages 482

Mortgages Sales As-is Banks 482

Real Estate News

JUNE 25, 2024

Association owners of REcolorado say now is “the right time to sell” and that decoupling MLSs and associations can provide protections and improve operations.

MLS 307

MLS 307

Keeping Current Matters

JUNE 26, 2024

Should you buy a home now or should you wait?

Marketing 292

Marketing 292

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.

Industrial

Inman

JUNE 28, 2024

TJ Lewis Real Estate is based in Austin, Keller Williams' home turf, and has done $27.9 million in volume this year so far.

Agents 193

Agents Brokerage Industrial 193

Housing Wire

JUNE 26, 2024

Homebuilders with unsold inventory are feeling the pinch of high mortgage rates — and it’s showing up in new-home sales data. The U.S. Census Bureau ’s new-home sales report for May shows that transactions took a nosedive to a seasonally adjusted annual sales volume of 619,000. Despite May being part of the prime homebuying season, that number represented a 16.5% year-over-year drop and was 11.3% below the revised rate in April.

Sales 459

Sales MLS Closing costs Equity 459

Real Estate News

JUNE 28, 2024

The Realtor association owners of the MLS said the decision was made “in the best interests of our collective membership” following confidentiality violations.

As-is 284

As-is MLS 284

Keeping Current Matters

JUNE 25, 2024

You want your house to sell fast. And you may be wondering how long the whole process is going to take.

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284

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Agents

Inman

JUNE 24, 2024

The vast majority of more than 600 multiple listing services nationwide have chosen to opt in to the National Association of Realtors' commission settlement, according to a new Inman analysis.

MLS 189

MLS 189

Housing Wire

JUNE 25, 2024

If real estate brokerages fail to make changes to their operations, 79% of them will be unprofitable if the terms of the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement lead to typical agent commissions dropping to 2%. This is according to a study published Tuesday by AccountTECH. The study analyzed the operations of 100 randomly selected brokerages with agent counts ranging between five and 5,000.

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Brokerage Agents Industrial Sales 459

Real Estate News

JUNE 25, 2024

When asked to evaluate NAR’s overall performance, 62% of respondents in a T3 Sixty survey said they disapproved of the organization.

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279

Keeping Current Matters

JUNE 28, 2024

Wondering what the second half of the year holds for the housing market? Here’s what expert forecasts say.

Marketing 262

Marketing Mortgages 262

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Sales

Inman

JUNE 24, 2024

Every productive real estate professional follows a unique path to success. For some, it’s in the company of like-minded go-getters who share the same passion for achieving goals. That’s where real estate teams come into play.

Agents 189

Agents 189

Housing Wire

JUNE 24, 2024

Inventory grew by almost 14,000 homes this week. That’s a pretty solid number, but actually fewer than our model had predicted for the week. Available inventory of unsold homes continues to grow but that growth in seems a bit less intense than it could be. The sales rate — the demand side — is slower than I expected. It looks like we’re heading back to those conditions of the second half of 2022 where inventory grew rapidly, but any real downside correction was mitigated with a withdrawal of sup

Mortgages 458

Mortgages Sales Marketing As-is 458

Real Estate News

JUNE 27, 2024

While interest rates continue to edge down, sales have not picked up heading into summer: “This will take many years to work itself out.

Marketing 268

Marketing Sales 268

Seattle Times Real Estate

JUNE 28, 2024

New data puts the sharp home-price surge into perspective. Take a region-by-region look at how incomes stack up against home prices, and what it takes to afford a one-bedroom apartment.

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140

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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.

Brokerage

Inman

JUNE 28, 2024

The Federal Reserve's preferred inflation gauge fell to 2.56 percent in May, getting closer to the Fed's 2 percent target for the 2nd month in a row. Core inflation reading is lowest since March 2021.

Mortgages 184

Mortgages Agents Marketing 184

Housing Wire

JUNE 28, 2024

The primary shareholders of REcolorado — the Denver Metro Association of Realtors (DMAR) and the South Metro Denver Realtor Association (SMDRA) — have fired the current board and announced the name of the company they are selling their shares to: MAZL, LLC., headed by J. Burks. According to a statement released Friday from DMAR and SMDRA, their board members have “signed and submitted a joint, unanimous resolution removing all REcolorado board members from their position and duties,

MLS 435

MLS Due diligence Brokerage Equity 435

Real Estate News

JUNE 28, 2024

The California association said the Consumer Federation of America’s assessment was “misguided” and that its forms will be fully compliant.

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259

RIS Media

JUNE 24, 2024

Pricing a condo correctly is essential for a successful sale. I will guide you through detailed, actionable steps to ensure your condo is priced right. You will learn the following information which will help you price your condominium appropriately based on the current real estate market: How to conduct a comprehensive market analysis. The importance… The post How to Price a Condo Correctly appeared first on RISMedia.

Sales 139

Sales Marketing Industrial 139

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.

Agents

Inman

JUNE 27, 2024

"The U.S. housing market is stuck, and we are not convinced it will become unstuck anytime soon," economists at Bank of America Global Research say of ongoing affordability issues.

Sales 181

Sales Banks Marketing Mortgages 181

Housing Wire

JUNE 25, 2024

The primary shareholders of REcolorado — the Denver Metro Association of Realtors (DMAR) and the South Metro Denver Realtor Association (SMDRA) — have agreed to sell the company to a private equity investor outside the industry, despite ongoing negotiations with REcolorado’s management and board members to buy back their shares, the vice chair of REcolorado has told HousingWire.

MLS 435

MLS Equity Sales Investor 435

Real Estate News

JUNE 26, 2024

May sales were well below April numbers and down 16.5% year-over-year, a sign that builder incentives may not be enough to overcome high rates and prices.

Sales 253

Sales 253

RIS Media

JUNE 27, 2024

Selling a townhouse? A thorough home inspection can ensure a smooth transaction. Knowing what inspectors look for helps you address issues beforehand. I will provide the following information to help navigate the townhouse inspection process: The importance of a pre-sale inspection Detailed checklists for inspecting key areas Steps to prepare for an inspection and how… The post Home Inspection Tips for Townhouse Sellers appeared first on RISMedia.

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Inspection Sales Closing Industrial 137

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.

Agents