November, 2024

article thumbnail

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 514
article thumbnail

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 317
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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 255
article thumbnail

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
article thumbnail

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.

article thumbnail

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.

127
127
article thumbnail

Real Estate Leaders Remain Focused on Growth and Innovation

RIS Media

In a panel discussion at RISMedia’s CEO & Leadership Exchange this past September, key industry executives came together to tackle the pressing topic of creating and maintaining strong company cultures in real estate. With the focus on culture, collaboration and leadership, Kuba Jewgieniew, founder and CEO of Realty ONE Group, shared insights into the principles… The post Real Estate Leaders Remain Focused on Growth and Innovation appeared first on RISMedia.

More Trending

article thumbnail

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 282
article thumbnail

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 247
article thumbnail

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 173
article thumbnail

House price growth ‘shutting’ first-time buyers out of Lifetime ISA benefits

Estate Agent Today

First-time buyers hoping to use the Government-backed Lifetime ISA to buy their first home could be squeezed out of buying a terraced house in more than 50 regions of the UK, analysis shows.

113
113
article thumbnail

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.

article thumbnail

RISMedia’s 2024 Real Estate Rookie of the Year Revealed at Annual Power Broker Gala

RIS Media

Above, attendees gather for RISMedia’s 28th Annual Power Broker Reception & Dinner in Boston, Massachusetts. During its 28th Annual Power Broker Reception & Dinner held at the Renaissance Boston Seaport Hotel Friday night, RISMedia announced its 2024 Real Estate Rookie of the Year winner, Heather Stenson, a REALTORⓇ with Connect Realty in The Woodlands, Texas.… The post RISMedia’s 2024 Real Estate Rookie of the Year Revealed at Annual Power Broker Gala appeared first on

article thumbnail

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 504
article thumbnail

Real continues its rise, focused ‘on what we can control’

Real Estate News

The company says its innovative AI and financial products give it an edge as it increases revenue and agent count despite a difficult housing market.

Agents 300
article thumbnail

The Majority of Veterans Are Unaware of a Key VA Loan Benefit

Keeping Current Matters

For over 79 years, Veterans Affairs (VA) home loans have helped countless Veterans achieve the dream of homeownership.

VA loan 274
article thumbnail

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.

article thumbnail

‘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 166
article thumbnail

City Planning Chair Asks About Affordable Housing, Height at Arrow Linen Hearing

Brownstoner

After a series of contentious public hearings on the controversial Arrow Linen rezoning, more than two dozen Park Slope, Windsor Terrace, and surrounding locals waited for hours on Wednesday at a City Planning Commission meeting to have their voices heard. The proposal calls for two mixed-income buildings at a minimum… Read More > The post City Planning Chair Asks About Affordable Housing, Height at Arrow Linen Hearing appeared first on Brownstoner.

article thumbnail

A Beacon of Light Amidst Anti-Immigrant Sentiment in America

RIS Media

Above, Jamie Tian on the cover of ARE magazine I was working on some listings a couple months back when I read an email from Hope Atuel, the CEO of Asian Real Estate Association of America (AREAA) laying out her idea for the cover of our ARE magazine to be published for the recently completed… The post A Beacon of Light Amidst Anti-Immigrant Sentiment in America appeared first on RISMedia.

article thumbnail

Why home prices are holding steady despite higher rates

Housing Wire

Home prices have remained firm over the last two months, even with higher mortgage rates and inventory data. Our weekly tracker data is created to look ahead of the traditional monthly reports such as Case Shiller and the NAR existing home sales report, and what I have seen over the past few weeks has shocked me. I want to show you how the data changed with mortgage rates heading toward 6% so the next time this happens, we have a better idea of what to expect in the housing market.

Mortgages 515
article thumbnail

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.

article thumbnail

Search by beds, baths — and who your neighbors voted for

Real Estate News

Home listings on the Flyhomes search portal now show the breakdown of recent presidential and congressional voting trends in any given community.

301
301
article thumbnail

Renting vs. Buying: The Net Worth Gap You Need To See

Keeping Current Matters

Trying to decide between renting or buying a home?

261
261
article thumbnail

Will the NAR settlement make it to the closing table? The Download

Inman

As the Nov. 26 hearing for final approval of the National Association of Realtors commission lawsuit settlement approaches, voices from all sides are questioning its wisdom.

Closing 182
article thumbnail

Nationwide: ‘Pre-Budget fears pushed house price growth lower’

Estate Agent Today

The property market appears to have turned cautious in the build-up to the Autumn Budget with house price growth slowing to 2.4% annually during October, Nationwide figures show.

Marketing 116
article thumbnail

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.

article thumbnail

Annual Inflation Increases for First Time in Seven Months

RIS Media

The latest Consumer Price Index (CPI) reading from the Bureau of Labor Statistics holds eye-catching news: annual inflation is up. Previously, inflation had been decreasing consistently enough that the Federal Reserve once more cut interest rates (albeit only by 25 basis points this time) at its latest meeting this past week. In September 2024, inflation… The post Annual Inflation Increases for First Time in Seven Months appeared first on RISMedia.

MLS 115
article thumbnail

Why did mortgage rates rise after the negative jobs report?

Housing Wire

Today’s jobs report showed the lowest job-growth data for the year at 12,000. You would think this would cause the 10-year yield and mortgage rates to go lower. At first, this did happen, but after more digestion of the data, not only did the bond market give up all the early morning gains, but it headed higher for the day, which confused many. So, I will give you my best explanation, but I need to show all the data that came out this week.

Mortgages 508
article thumbnail

Zillow sees big revenue boost as it continues to beat expectations

Real Estate News

Growth across all major divisions, which the company attributed to strong conversions and agent partnerships, produced double-digit gains in the third quarter.

Agents 270
article thumbnail

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
article thumbnail

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.

article thumbnail

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 164
article thumbnail

Stamp Duty-exempt stock could drop by 20% from April – research

Estate Agent Today

First-time buyers will face a stock shortage as well as potentially higher costs once Stamp Duty thresholds return to £300,000 in April, research suggests.

126
126
article thumbnail

First-Time Homebuyers at Historic Low, While Buyer Age Hits Record High

RIS Media

The first-time homebuyer marketshare decreased to a historic low of 24% (down from 32% last year), while homebuyers’ ages hit all-time highs of 56 overall (49 last year), 38 for first-time buyers (35 last year) and 61 for repeat buyers (58 last year), according to the National Association of REALTORS®’ (NAR) 2024 Profile of Home… The post First-Time Homebuyers at Historic Low, While Buyer Age Hits Record High appeared first on RISMedia.

Sales 119
article thumbnail

Rocket spends $14M to secure Rocket.com domain name

Housing Wire

Rocket Companies , the parent of Rocket Mortgage , paid a reported $14 million to acquire the domain name Rocket.com. The purchase, which was initially reported by DomainInvesting.com, was said to be from defense contractor L3Harris Technologies Inc. Rumors of the deal began in early September. The transaction was referenced in a recent filing by L3Harris with the Securities and Exchange Commission ( SEC ).

Branding 458
article thumbnail

5 Data Proven Ways Agents Can Do 18% More Business

Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.