Housing Wire
MAY 2, 2024
While revenue rose at eXp World Holdings during the first quarter of 2024, the firm was still unable to turn a profit due to the challenging housing market. In Q1 2024, the company reported a $15.6 million loss compared to a net gain of $1.5 million in Q1 2023. Revenue at the parent company of eXp Realty increased 11% year over year to $943 million during the first quarter of 2024, executives disclosed on Wednesday.
Keeping Current Matters
MAY 2, 2024
You may have heard mortgage rates are going to stay a bit higher for longer than originally expected.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Housing Wire
MAY 2, 2024
Luxury brokerage Engel & Volkers Atlanta is expanding its footprint in the Georgia capital through the acquisition of AtHome & Co., the company announced on Wednesday. Led by real estate veterans Noelle Larson and Susi O’Connor, the AtHome team serves the Georgia counties of Cobb, Cherokee, Dawson, Forsyth and North Fulton with its nine agents.
Real Estate News
MAY 2, 2024
Once new rules go into effect — between July and September — agents will need to embrace “the new regime” to avoid liability, and to ensure they get paid.
Advertisement
Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.
Housing Wire
MAY 2, 2024
Real estate brokerage William Raveis has returned to the acquisitions business. On Thursday, the family-owned firm announced that it had acquired South Carolina -based Carson Realty. The financial terms of the deal were not disclosed. The acquisition comes after William Raveis acquired three other firms last fall. Founded in 2006, Carson Realty serves clients in the South Carolina markets of Hilton Head, Bluffton and Lake Keowee.
Real Estate News
MAY 2, 2024
Rates are likely to stay higher for longer, but as inventory builds, pent-up demand and more home choices could entice buyers — if they can afford it.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
MAY 2, 2024
Following a series of leadership changes, the company is focusing on cutting expenses as it navigates the tough real estate market.
Housing Wire
MAY 2, 2024
The housing market has been on a topsy-turvy roller-coaster ride in recent years that has been particularly neck wrenching since this past fall, fueled by stubbornly high inflation and a still-strong jobs market. In early November, 30-year fixed mortgage rates began a nosedive, declining from near 8% to below 7% in a matter of months before once again starting to rise at the start of 2024.
Inman
MAY 2, 2024
Buyer's agents have a critical responsibility to be the best they can be, new Inman contributor Filippo Incorvaia writes, as they navigate industry changes and the necessity of advocating for themselves early in the homebuying process.
Housing Wire
MAY 2, 2024
Top U.S. loan officer Timothy Potempa has departed Dallas-based multichannel lender OneTrust Home Loans to join E Mortgage Capital , bringing his team of about 40 people and more than $300 million in annual production to the company headquartered in California. “I’ve been in the industry since I was 18, so this year will be 22 years, and I’ve only been in five companies,” Potempa said in an interview. “The transition just became along the lines of the team’s a
Advertiser: Trellis
Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.
Inman
MAY 2, 2024
The class action lawsuit filed by plaintiff James Lutz alleges that HomeServices and other members of the National Association of Realtors fixed commissions, which misled buyers and resulted in buyers paying inflated home prices.
Housing Wire
MAY 2, 2024
Ocwen Financial Corp., parent company of PHH Mortgage Corp. and Liberty Reverse Mortgage , reported an overall improvement in its business performance for the first quarter of 2024 — including better reverse mortgage performance attributed to servicing and higher gains on loans held for sale. Under generally accepted accounting principles (GAAP), Ocwen reported GAAP net income of $30 million or diluted earnings per share of $3.74, which company CEO Glen Messina characterized as the “highest leve
Inman
MAY 2, 2024
Cultural economist Mike Green looks at the aftermath of NAR's 2020 apology and what it would take to create a more equitable and inclusive housing market.
Housing Wire
MAY 2, 2024
Things just keep getting better, according to real estate brokers surveyed for the Q2 2024 HousingWire BrokerPulse survey , with 54% who are “optimistic” about the next three months in residential brokerage, compared to some 48% of those surveyed for the Q1 2024 HousingWire BrokerPulse survey who felt the same. The same can’t be said about their optimism over interest rates, where 74% said they would be flat and 22% said they would go down in the next three months, compared to
Advertisement
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.
Inman
MAY 2, 2024
Embrace the potential of auctions and understand how to navigate their benefits and risks effectively, new Inman contributor Chad Roffers writes. By doing so, you and your clients can tap into new opportunities and elevate your approach to listing properties.
Housing Wire
MAY 2, 2024
Redlands, California-based mortgage lender Mountain West Financial has struck a deal to sell its retail assets to competitor ML Mortgage Corp. , one of the latest M&A transactions amid a challenging landscape for home loan originators. “We did transfer our branches and loan officers to ML Mortgage. We felt that ML was a good culture fit and would provide the least amount of disruption to the origination team,” Mountain West CEO Michael Delehanty said in an email to HousingWire.
Inman
MAY 2, 2024
Keeping Current Matters CEO David Childers and Jimmy Burgess discuss why a relevant market opinion based on facts, not fears, is key for educating consumers and navigating industry changes.
Housing Wire
MAY 2, 2024
Real estate agents appear to be more open to changing brokerages in 2024 compared to last year, according to a recent Coldwell Banker survey. The report found that 61% of agents plan to stick with their current company this year, down from 75% of agents in 2023. Meanwhile, Coldwell Banker-affiliated agents showed no significant change in their likelihood to switch companies, with 69% prepared to stay put in 2024 compared to 70% in 2023.
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.
RIS Media
MAY 2, 2024
The Center for REALTOR® Development announced a strategic partnership with Shaping Wealth to offer training programs crafted to equip agents with the human-centric skills needed to thrive in today’s real estate environment. The partnership provides NAR members exclusive access and discounted pricing on three upcoming virtual workshops. “At the Center for REALTOR® Development, we are… The post CRD Partners with Shaping Wealth for Human-Centric Training Suite appeared first on RISMedia.
Inman
MAY 2, 2024
Imaging company Planitar released an update to its iGuide tour experience that encourages buyers to offer contact information and feedback.
RIS Media
MAY 2, 2024
Charitable giving continues to rise among REALTORS® and REALTOR® associations, according to a new report from the National Association of REALTORS®. The 2024 Community Aid and Real Estate Report (CARE Report) provides insight into the monetary and volunteer contributions of NAR members, broker-owners and AEs or MLS staff. Monthly volunteering and annual monetary donations by… The post REALTORS®’ Charitable Giving and Volunteering Increased Last Year appeared first on RISMedia.
Inman
MAY 2, 2024
Learn more about this managing partner of The Agency Steamboat Springs who also leads a top-producing, award-winning real estate team.
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.
Brownstoner
MAY 2, 2024
By Ethan Stark-Miller, amNY New York City’s roughly 1 million rent-stabilized tenants could see their rents hiked by as much as 6.5 percent, according to preliminary ranges approved by the city’s Rent Guidelines Board Tuesday night. The nine-member panel, made up entirely of Mayor Eric Adams’ appointees, advanced in a 5-2 vote… Read More > The post Tenant Advocates Oppose Rent Increase Signaled by Rent Guidelines Board Vote appeared first on Brownstoner.
NAR: Economic Outlook
MAY 2, 2024
Instant Reaction: Mortgage Rates, May 2, 2024 At 7.22%, the 30-year mortgage interest rate has hit its highest point since November 2023; rates are unlikely to move down soon.
Calculated Risk Real Estate
MAY 2, 2024
From housing economist Tom Lawler: Update on Mortgage Rates and Spreads While US Treasury and mortgage rates increased in the first quarter of 2024 from the surprisingly low year-end levels of last year purportedly precipitated by the perceived Powell pivot, the rise in yields was surprisingly “orderly.” Indeed, last quarter both realized and implied interest rate volatility measures declined to levels not seen for some time.
Brownstoner
MAY 2, 2024
Have a project to propose for The Insider? Contact Cara at caramia447 [at] gmail [dot] com The top-to-bottom renovation of a young family's late 19th century row house began with a long search for the right property. The would-be homeowners looked at a lot of houses before deciding on this one, said Scott Kunstadt,… Read More > The post The Insider: Park Slope Townhouse Redo Adds Custom Aquarium, Rooftop Sauna appeared first on Brownstoner.
Advertisement
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.
RIS Media
MAY 2, 2024
ShowingTime+ and Christie’s International Real Estate Group announced an agreement that allows Christie’s agents to provide Listing Showcase®—the AI-powered listing experience only available on Zillow—to home sellers in that tri-state area. Listing Showcase is a listing experience and a real estate marketing solution in one, ShowingTime+ stated. Agents who include Listing Showcase as part of… The post Christie’s International Partners with ShowingTime+ for Listing Showcase® appeared first
Seattle Times Real Estate
MAY 2, 2024
King County is investigating a government appraiser accused in a recent lawsuit of offering to help lower a property owner’s tax bill if the owner hired his side business.
RIS Media
MAY 2, 2024
The 30-year fixed-rate mortgage (FRM) averaged 7.22% this week, rising for the fifth-consecutive week and up from last week’s 7.17%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday. This week’s numbers: The 30-year FRM averaged 7.22% as of May 2, 2024, up from last week when it averaged 7.17%.… The post Mortgage Rates Increase for Fifth-Straight Week appeared first on RISMedia.
HomeLight
MAY 2, 2024
If you’re thinking about selling your Utah home without a real estate agent, a flat-fee MLS listing service can be a valuable tool. These services allow For Sale By Owner (FSBO) sellers to list their homes on the local multiple listing service (MLS), typically only accessible by agents. The MLS can expand your property’s visibility to a broader audience of potential buyers, without the need to hire a real estate agent, In this post, we’ll dive into the nuances of using a flat f
Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty
The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.
Expert insights. Personalized for you.
373 
Let's personalize your content