Housing Wire
FEBRUARY 17, 2024
Will mortgage rates break toward 8% again, making another 2024 data line that looks like a carbon copy of 2023? It’s not part of my 2024 forecast, but since the Federal Reserve likes playing with fire , let’s look at where we are with mortgage rates and their impact on weekly housing data. Mortgage rates and the 10-year yield The 10-year yield is the key for housing in 2024.
Inman
FEBRUARY 21, 2024
There are no funds under NAR's policy available to pay for the cost of defending the Realtor associations nor their multiple listing services which have been sued, according to the trade group.
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Keeping Current Matters
FEBRUARY 19, 2024
If you're thinking of selling your house this spring, now is the perfect time to start getting it ready.
Real Estate News
FEBRUARY 17, 2024
The newest statement from the Department of Justice focuses on one MLS settlement in a specific case but could be a blueprint for the industry as a whole.
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
FEBRUARY 20, 2024
Are last year’s surprising home price gains evaporating? As interest rates climb again, some of the price signals are softening. Inventory is climbing vs. last year, and home prices have stayed flat for three weeks now. The price reductions data has turned less bullish for future sales also. Mortgage rates are back over 7%. We can see the impact on homebuyer demand across several of our stats.
Inman
FEBRUARY 23, 2024
Consumer watchdog CFA hails federal agency's proposal to ban sellers from making compensation offers as a "major watershed" in promoting more competition in real estate.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
FEBRUARY 22, 2024
The company said its "decision to offboard a significant number of unproductive agents" in Q4 was offset by "excellent" retention of strong producers.
Housing Wire
FEBRUARY 23, 2024
Although the Greater Boston area may still be plagued by persistently chilly temperatures, its housing market is still red-hot. According to data from Altos Research , the Boston-Cambridge-Quincy, MA-NH metropolitan area was the hottest housing market nationwide as of Feb. 23, 2024. The metro area, which comprises Southern New Hampshire and the North Shore region of Massachusetts , had an Altos Market Action Index score of 60.59 in late February, over a full point higher than the second-place fi
Inman
FEBRUARY 22, 2024
RE/MAX announced it was making changes to its executive team after revenue fell for a sixth consecutive quarter to end 2023. Amy Lessinger will succeed Bailey as president.
Keeping Current Matters
FEBRUARY 23, 2024
If you’re looking to buy a home, it’s important to know how mortgage rates impact what you can afford and how much you’ll pay each month.
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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.
Real Estate News
FEBRUARY 22, 2024
Millennial and Gen Z buyers have a higher tolerance for elevated mortgage rates, and many believe it’s a good time to buy, a Realtor.com survey found.
Housing Wire
FEBRUARY 23, 2024
The year 2024 has started with cautious optimism that mortgage rates will drop, sparking much-needed activity in the sluggish U.S. housing market. Mortgage rates, however, have been on a rising trend of late. Recent data shows that the economy is booming, while the Federal Reserve is signaling that it will take its time before cutting benchmark interest rates.
Inman
FEBRUARY 18, 2024
Meeting the unique needs of buyers and sellers today means knowing just what to say to generate important dialogues. Jimmy Burgess offers scripts that resonate in our current market moment.
Keeping Current Matters
FEBRUARY 21, 2024
There’s a lot of confusion in the market about what’s happening with day-to-day movement in mortgage rates right now.
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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.
Real Estate News
FEBRUARY 20, 2024
CEO Greg Schwartz says Tomo will stand out by offering “negotiation insights,” which includes personal information about home sellers.
Housing Wire
FEBRUARY 19, 2024
California looms large in any discussion of housing affordability. The largest state by population, one out of every eight Americans lives in the Golden State, but the homeownership rate is dismal. According to Ben Metcalf, managing director of the Terner Center for Housing Innovation at UC Berkeley, the homeownership rate for California is 50 percentage points lower than the rest of the nation at only 44% in 2021.
Inman
FEBRUARY 21, 2024
If you're rethinking your buyer consultation process and implementing a buyer representation agreement, team leader Carl Medford shares what you need to know to explain the change to your clients.
Keeping Current Matters
FEBRUARY 20, 2024
Buying your first home is a big, exciting step and a major milestone that has the power to improve your life.
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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
FEBRUARY 20, 2024
United boosted agent count in 2023, but not with rev share or stock incentives. CEO Dan Duffy shared his thoughts on why the flat-fee model is a win for agents.
Housing Wire
FEBRUARY 22, 2024
Government-sponsored enterprise (GSE) Fannie Mae announced on Thursday the appointment of Peter Akwaboah as executive vice president and chief operating officer, effective May 20, 2024. Akwaboah, who is currently serving as COO for technology and global head of innovation at Morgan Stanley , has nearly 30 years of experience in the financial services industry.
Inman
FEBRUARY 23, 2024
If you know you should be creating video for marketing, but you're out of ideas, Jimmy Burgess offers plenty of strategies that are working now.
NAR: Economic Outlook
FEBRUARY 23, 2024
The Share of All Cash Buyers Highest Since 2014 at 32% Since October 2022, all-cash home buyers who did not finance their recent home purchase have been more than one-quarter of the real estate market.
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
FEBRUARY 21, 2024
A new NAR report finds that homeownership has increased over the past decade, but Asian, Hispanic, and especially Black Americans face more hurdles.
Housing Wire
FEBRUARY 23, 2024
We got a great existing home sales report on Thursday, but is this data already too old? Existing home sales showed a jump in sales, which was anticipated by most as we had positive, forward-looking housing data due to mortgage rates falling from 8.03% to 6.63%. However, the last four weeks have had negative trending data. This is nothing dramatic, but similar to what we saw in 2023 when mortgage rates rose from 5.99% up to 7.25%.
Inman
FEBRUARY 17, 2024
In the post-Sitzer world we now live in, agents and brokers are already dealing with the new reality by cutting buyer commissions to the bone.
Realty Biz
FEBRUARY 19, 2024
Buying land represents a pivotal investment in one's future. Unlike purchasing a ready-made home, it offers the flexibility to design and build according to personal or business needs. However, the process involves intricate steps, from understanding zoning laws to securing financing and conducting due diligence. Each stage demands careful consideration to avoid common pitfalls and ensure the land meets your long-term objectives.
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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.
Real Estate News
FEBRUARY 22, 2024
Amy Lessinger, former SVP of Region Development, takes over as president, while two other execs receive promotions.
Housing Wire
FEBRUARY 21, 2024
Earlier this month, real estate investment management firm Pretium Partners raised $1 billion to acquire build-to-rent homes, bringing its total investment in the sector to $2.5 billion. The investment was needed to chip away at a pronounced national housing shortage caused by “decades of under-building and under-investment,” according to Josh Pristaw, Pretium’s head of real estate.
Inman
FEBRUARY 21, 2024
The court dismissed a federal antitrust claim in the case known as Batton 1, but allowed state-law claims to proceed, partially due to the argument that commissions are baked into home prices.
Bigger Pockets
FEBRUARY 22, 2024
Virtual house flipping can be an exciting, lucrative way to get involved in real estate investing. But as with as any type of investment, it’s important to understand the finer details to determine where you fit in.
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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