Tue.Apr 09, 2024

article thumbnail

Gen X is already looking for housing appropriate for aging in place

Housing Wire

Baby boomers are exhibiting an overwhelming desire to age in place in their own homes, but their children — largely members of Generation X — are also making their desires felt by seeking out homes that can accommodate their needs as they get older, according to a recent report from the New York Times. Citing 2021 data from the Harvard University Joint Center for Housing Studies that showed 88% of adults 65 and older are aging in place, many members of the following generation — primarily born b

Equity 490
article thumbnail

Investors feeling optimistic, buying record share of homes

Real Estate News

A pair of new reports look at the role investors played in the housing market last year and offer insights into their current outlook and pain points.

Investor 289
Insiders

Sign Up for our Newsletter

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

article thumbnail

Opinion: Agencies are key to fixing housing affordability

Housing Wire

It’s an election year, and housing affordability appears to be a big concern for voters. So, it’s not surprising to see the administration and members of Congress announcing big-ticket legislative initiatives to boost homeownership — like a first-time homebuyer tax credit and the Neighborhood Investment Act to fix up older homes. The Community Home Lenders of America (CHLA) applauds these initiatives.

FHA loan 426
article thumbnail

Buyers are adjusting to a higher-rate environment

Real Estate News

While consumers are feeling less enthusiastic about the direction of mortgage rates, they “appear to be moving past the hurdle of last year’s sharp jump.

Mortgages 241
article thumbnail

3 Real Estate Office Hacks to Help Kickstart the Busy Season

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.

article thumbnail

Lamacchia Realty acquires family brokerage of NAR President Kevin Sears

Housing Wire

Lamacchia Realty is expanding its presence in the Pioneer Valley region of Massachusetts. On Monday, the independent brokerage announced that it had acquired Springfield, Massachusetts-based Sears Real Estate. Founded in 1971 by Paul Sears, Sears Real Estate is owned and operated by the family of current National Association of Realtors president Kevin Sears.

Brokerage 416
article thumbnail

The Top 5 Reasons You Need a Real Estate Agent when Buying a Home

Keeping Current Matters

You may have heard headlines in the news lately about agents in the real estate industry and discussions about their commissions.

Agents 262

More Trending

article thumbnail

NAR president talks ‘stability’ — and dollars and cents

Real Estate News

During a podcast, Kevin Sears said interim CEO Nykia Wright will remain through the end of the year, and shared the financial realities behind NAR’s settlement.

189
189
article thumbnail

Rocket launches patented AI-driven tech platform

Housing Wire

Rocket Mortgage ’s bet on artificial intelligence (AI) has resulted in a patented platform called Rocket Logic, which can automatically process nearly 90% of data points extracted from documents in a month and reduce by 25% the number of times a professional interacts with a mortgage loan year over year, the company claims. The launch is part of the decision of its parent firm, Rocket Companies, to put AI at the center of its business strategy.

Loans 375
article thumbnail

Investor or agent? 5 moneymakers share why agents should be both

Inman

Five investor-agents, each of whom has achieved success on both sides of the equation, shared their actionable insights and winning formulas for nailing a pivotal but tricky professional shift.

Investor 151
article thumbnail

UWM offers legal support to brokers, accuses Rocket of ‘connections’ with Hunterbrook report

Housing Wire

In a message to mortgage brokers, United Wholesale Mortgage (UWM) defended itself from the Hunterbrook Media report that claims the lender orchestrated a scheme to steer loans. The wholesale lender said it’s offering legal support to partners in case they are sued and once again accused Rocket Mortgage of being behind the report, which the rival denies.

article thumbnail

Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

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.

article thumbnail

Title data is helping real estate agents and lenders prospect

Inman

DataTrace, which now operates more than 1,800 U.S. title plants, says the remarkable granularity of its data can help identify renters who are getting ready to buy, empty nesters and fix-and-flip investors.

Title 143
article thumbnail

Heartland MLS joins forces with Down Payment Resource

Housing Wire

Kansas City -based Heartland Multiple Listing Service ( MLS ) has announced a strategic integration with Down Payment Resource (DPR) to enhance accessibility to homeownership for residents across the Greater Kansas City area. DPR, known in the housing industry for its database and homebuyer assistance program solutions, will provide support to Heartland MLS’s network of 12,000 agents.

MLS 343
article thumbnail

Spain to eliminate ‘golden visa’ program for foreign investors

Inman

The program, which allows non-European Union citizens who invest at least 500,000 euros in Spanish real estate three years of residency, will soon be eliminated amidst affordability concerns, Prime Minister Pedro Sanchez said.

Investor 140
article thumbnail

WSFS president talks motivation for reverse mortgage survey, potential future action

Housing Wire

Last month, Northeast regional lender WSFS Mortgage released the results of a survey that measured reverse mortgage product sentiments. It found that more people seem to be aware of the potential value that a reverse mortgage could provide for older homeowners, including as a tool to age in place and to provide greater cash flow in retirement. Despite the more regional focus of WSFS Mortgage’s reverse mortgage offerings — which offers the loans through its brokerage — the survey itself was condu

Mortgages 324
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

WATCH: How agent compensation works in a post-lawsuit world

Inman

James Dwiggins and Keith Robinson discuss the shifting landscape of agent compensation following the proposed NAR settlement with Ed Zorn, vice president and general counsel for California Regional MLS.

Agents 139
article thumbnail

The opportunity cost of modern-day redlining

Housing Wire

Modern-day redlining persists, and it’s costing lenders millions in legal fees. Recently, the Department of Justice (DOJ) has taken a strong stance on redlining, taking direct legal action against bad actors and thrusting the topic into the national spotlight. Last October, Ameris Bank had to pay $9 million to settle a redlining case. More recently, Patriot Bank paid $1.9 million , and First National Bank was hit with a $13.5 million settlement to resolve claims it practiced redlining in North C

Lending 316
article thumbnail

Building a team is a delicate balancing act. Here’s where to start

Inman

Thinking of starting a real estate team? Broker Zak Shellhammer helps you get ready for the time, energy and expertise it takes to build something worthwhile.

Brokerage 139
article thumbnail

Amid Seattle growth debate, map shows walkable neighborhoods in King County

Seattle Times Real Estate

Nat Henry wanted to know where he could build his life around walking and biking. Turns out a lot of other people were wondering about 15-minute neighborhoods, too.

140
140
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

15 Best Places to Live in the US in 2024

Marco Santarelli

As we move further into the decade, the landscape of the United States continues to evolve, offering a variety of places that stand out as exceptional living destinations. The year 2024 is no exception, with cities across the nation boasting unique qualities that make them desirable places to call home. From bustling tech hubs to serene coastal towns, this list explores the 15 Best Places to Live in the US in 2024.

article thumbnail

State GOP chair files 3 new initiatives to WA voters

Seattle Times Real Estate

If successful, the three initiatives could join an already crowded November ballot in Washington, including three other GOP-backed petitions.

145
145
article thumbnail

Are Existing Home Sales Falling in the US?

Marco Santarelli

What is the Trend in Home Sales in the US? The current trend in the U.S. housing market , specifically regarding existing home sales , indicates a significant upturn rather than a decline. In a surprising turn of events, existing home sales soared by 9.5% to a seasonally adjusted annualized rate of 4.38 million units in February 2024, according to N.A.R.

Sales 105
article thumbnail

Affordable Housing Lottery With Units Starting at $465 Opens in East New York

Brownstoner

An affordable housing lottery has opened for 203 newly constructed units across 30 neighboring buildings that are part of East New York’s Nehemiah Spring Creek development, an enormous, long in the works, truly affordable housing development on the site of a former wetland and later landfill. Included in the lottery… Read More > The post Affordable Housing Lottery With Units Starting at $465 Opens in East New York appeared first on Brownstoner.

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

35 Most Expensive Cities in Florida

Marco Santarelli

Florida , the Sunshine State , is known for its beautiful beaches , and vibrant culture, and as a sought-after destination for tourists and retirees alike. However, it's also home to some of the most expensive cities in the United States. Here's a look at the most expensive cities in Florida , where the cost of living can be as sunny as the weather.

As-is 105
article thumbnail

Households May Finally Be Adjusting to Higher Mortgage Rates

RIS Media

Despite continued pessimism surrounding mortgage rates, home buyers and sellers are feeling a bit more confident in the housing market lately, according to recent data from Fannie Mae. The latest Fannie Mae Home Purchase Sentiment Index® (HPSI) decreased 0.9 points in March to 71.9, its first decline since November 2023. The slight decrease is mainly… The post Households May Finally Be Adjusting to Higher Mortgage Rates appeared first on RISMedia.

article thumbnail

Buyer-Broker Agreements Required

BubbleInfo

While the media has been stirring up their hysteria over the commission decoupling… this from CNN: It’s the second part of the settlement that will likely frustrate buyers even further: Let’s call it, The Return of the PEAD! When Covid broke out, it was decided that the only way we could safely show homes again was […] The post Buyer-Broker Agreements Required first appeared on bubbleinfo.com.

article thumbnail

4 Profit Centers That Make Real Estate The Most Powerful Investment

Marco Santarelli

You'll often hear people say that they don't like real estate because if you look at the long-term returns of the stock market, it seems to have a better return over the long-term. Of course, when they say this, they are leaving a few key things out. First, when people say the stock market, what they really mean is something like the S&P 500 or the Dow Jones Industrial Average.

Land 98
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.

article thumbnail

Your Guide to Finding Reputable Cash Home Buyers in Miami

HomeLight

If you’re a homeowner in Miami who wants to sell quickly without the hassle of traditional market listings, finding a cash buyer might be the straightforward solution you need. Thanks to its vibrant culture. white-sand beaches, and favorable tax rates, The Magic City attracts a diverse group of cash investors looking for promising opportunities.

article thumbnail

8 Common Risks In Rental Property Investing

Marco Santarelli

Like any other business, rental property investing also entails certain risks which you must be aware of. The major risks in rental property investing are risks of high vacancy rates, bad tenants damaging the property, and the possibility of a negative cash flow. However, all of these risks can be avoided with proper planning and working with a good turnkey rental property provider.

article thumbnail

Social Skills: Advancing Your Socials With ChatGPT

RIS Media

Editor’s Note: Social Skills is a bi-monthly feature in RISMedia’s Daily News focused on social media and digital marketing tips, trends and solutions for agents and brokers. In real estate, social media marketing is one of your top ways to gather business in the modern age, but it’s not always easy to keep your momentum… The post Social Skills: Advancing Your Socials With ChatGPT appeared first on RISMedia.

Agents 97
article thumbnail

Will Housing Prices Hit the Bottom in 2024?

Marco Santarelli

As we navigate through the complexities of the current housing market , a question on many minds is whether home prices in the United States will hit bottom in 2024. The housing market is influenced by a myriad of factors, including economic trends , interest rates , supply and demand dynamics , and broader societal shifts. In 2024 , experts are forecasting a diverse range of outcomes for the housing market.

article thumbnail

Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

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.