HomeLight
FEBRUARY 8, 2024
If you’re considering a move to New York, you might want to get a good idea of the cost of living in the Empire State before making a decision. This guide will break down the cost of living in New York, from housing to food and healthcare costs. We’ll provide data from state cost of living index tools and how New York ranks in the nation for livability.
Housing Wire
FEBRUARY 8, 2024
People have been screaming about a housing bubble crash on social media sites for over 12 years. The truth is, U.S. housing credit looks very different than in 2005, 2006, 2007 or 2008. Homeowners have actually never looked better and the data from the Federal Reserve ‘s Quarterly Report on Household Debt and Credit shows why. Homeowners are not the people we need to be concerned about this time.
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Real Estate News
FEBRUARY 8, 2024
30-year mortgage rates have remained in the upper-6% range since December. Will predicted rate drops arrive in time for the spring buying season?
Housing Wire
FEBRUARY 8, 2024
Mortgage rates stabilized this week despite newly released economic data. The 30-year fixed-rate mortgage averaged 6.64% as of Feb. 8, a slight increase from last week ’s figure of 6.63%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday. Meanwhile, the 15-year fixed rate averaged 5.90% this week, down from 5.94% during the prior week.
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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.
Real Estate News
FEBRUARY 8, 2024
New reports from Redfin and Allied Van Lines shed light on the impact that local laws and political divides can have on buying and selling.
Housing Wire
FEBRUARY 8, 2024
E-signature company DocuSign laid off 6% of its workforce, or about 400 employees, following reports that the fintech company’s talks in exploring a sale have stalled. A majority of the impacted positions came from the company’s sales and marketing organizations, the company said. DocuSign had 7,336 employees at the end of 2023. DocuSign began to cut operating costs for fiscal year 2025, including areas such as program spending, professional fees and noncritical open roles, according to a messag
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
FEBRUARY 8, 2024
As a real estate agent, you may think clients should care more about their next home than your life story. And while that may be true, well-crafted real estate agent bios can build trust and credibility and serve as a powerful tool in an agent’s marketing arsenal — giving prospective clients. After all, prospective clients are trusting you with one of their biggest financial decisions.
Inman
FEBRUARY 8, 2024
Troubled New York Community Bancorp is reportedly ready to pledge about $5 billion in home loans originated by Flagstar Bank as collateral for risk transfer that would bolster its capital.
Housing Wire
FEBRUARY 8, 2024
Mortgage delinquencies kept rising slightly in the fourth quarter of 2023 as Americans continued to indulge in personal spending. But delinquency rates remain well below historic averages, according to new data from the Mortgage Bankers Association (MBA). Delinquent home loans on one- to four-unit properties rose to a seasonally adjusted rate of 3.88% of all loans outstanding at the end of Q4 2023, up from 3.62% in the previous quarter but slightly below the rate of 3.96% a year earlier, accord
Inman
FEBRUARY 8, 2024
U.S. home prices shot up in 86 percent of the 221 metropolitan areas tracked by the National Association of Realtors and rose 3.5 percent in the fourth quarter, according to data released Thursday by NAR.
Advertiser: Trellis
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Housing Wire
FEBRUARY 8, 2024
John “Buz” Gorman, a key figure in financial regulation for nearly 30 years, passed away on Monday following an eight-month battle with glioblastoma, a form of cancer. Throughout his tenure as general counsel for the Conference of State Bank Supervisors (CSBS), Gorman contributed to significant legislative milestones and nurtured the next generation of regulators.
Inman
FEBRUARY 8, 2024
Real estate professionals who handle closings and settlements will be required to report information to the Treasury's Financial Crimes Enforcement Network when an all-cash residential sale is made to shell companies, legal entities and trusts.
Housing Wire
FEBRUARY 8, 2024
This week, Mortgage Cadence announced that it had appointed longtime reverse mortgage industry professional George Morales to serve on its sales team. The company is aiming to bring more reverse mortgage technology solutions to potential partners already in the industry and those that have yet to enter it. To understand the dynamics of his new role, RMD sat down with Morales to learn more about his individual and company goals, including the potential for a large national bank to become involved
Inman
FEBRUARY 8, 2024
Is the path to prosperity in real estate paved by fierce competition, or does the real power lie in collaborative endeavors? Coaches Emily Bossert and Melanie Klein share how teamwork can create optimal outcomes.
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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.
Keeping Current Matters
FEBRUARY 8, 2024
Are you on the fence about selling your house?
Inman
FEBRUARY 8, 2024
Rising interest rates and harsh winter weather have dampened homebuyer activity, leading to the biggest drop in pending sales since October. However, there's optimism for a rebound as spring approaches, fueled by increasing home tours and new listings.
RIS Media
FEBRUARY 8, 2024
Purchasing a home is a significant investment. It’s crucial to ensure that you clearly understand the property boundaries and potential issues that may affect your ownership. One essential step in the home-buying process is getting a property survey. We will explore the reasons for a property survey, when to complete one and what it entails.… The post When and Why Should You Get a Property Survey appeared first on RISMedia.
Inman
FEBRUARY 8, 2024
Building a real estate business is about more than memorizing lists of terms and laws, Jimmy Burgess writes. Find out what it takes to launch smarter.
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
FEBRUARY 8, 2024
California Regional MLS (CRMLS) now offers TheQwikFix, a service that allows agents to upload property reports and then receive detailed and competitively priced repair quotes from local, licensed contractors who are available to complete the job before or shortly after closing. To combat the time sunk into sourcing and booking multiple contractors to provide estimates… The post California Regional MLS Now Offers Home Repair Estimate Tool TheQwikFix appeared first on RISMedia.
Inman
FEBRUARY 8, 2024
Find out why this North Carolina broker says that real estate is as much a hospitality business as a sales and marketing one.
RIS Media
FEBRUARY 8, 2024
Time is running out to participate in RISMedia’s 36th Annual Power Broker Survey—the deadline is one week away, Feb. 16, 2024. The Power Broker Survey is the residential real estate industry’s preeminent report identifying and ranking the nation’s top brokerages based on sales-dollar volume and transaction sides. View the 2023 Power Broker Report online directory… The post One Week Left to Participate in RISMedia’s Power Broker Survey appeared first on RISMedia.
Inman
FEBRUARY 8, 2024
The rental market is stabilizing with fewer landlords planning rent increases, according to Realtor.com's latest survey. But the rent slowdown won't significantly ease financial burdens for renters who are struggling to save for a down payment or qualify for a mortgage.
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.
Eye on Housing
FEBRUARY 8, 2024
Mortgage rates that hit more than a 20-year high, coupled with elevated construction costs and excessive regulatory costs, left housing affordability in the fourth quarter of 2023 virtually unchanged from the previous quarter and holding near its lowest level in more than a decade. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), just 37.7%.
Inman
FEBRUARY 8, 2024
Slidell-based firm Top Agent Realty is now part of ERA Real Estate. Military veteran Stephen Molero purchased the firm in 2013 and serves consumers throughout Southeastern Louisiana and the Mississippi Gulf Coast.
RIS Media
FEBRUARY 8, 2024
In the fourth quarter of 2023, 46.1% of mortgaged residential properties were deemed equity-rich, meaning that nearly half of homeowners outright own a notable amount of their properties in comparison to the outstanding mortgage or debts associated with them, according to ATTOM’s fourth quarter 2023 U.S. Home Equity & Underwater Report. According to the report,… The post Home Equity Down but Respectable in Q4 2023 appeared first on RISMedia.
Inman
FEBRUARY 8, 2024
To achieve extraordinary results, The Agency's Deedee Howard writes, sometimes it pays to ignore conventional wisdom and pursue a more strategic marketing plan.
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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
FEBRUARY 8, 2024
In May 2023, Florida ratified Senate Bill (SB) 264, the law named “Interests of Foreign Countries.” The law restricts the sale or purchase of property in Florida by or/to citizens of countries including China, Russia, Iran, Cuba and Venezuela. Florida Governor Ron DeSantis described the passage of the bill as, “counteract(ing) the malign influence of… The post Controversial Florida Law Receives Limited Injunction appeared first on RISMedia.
Inman
FEBRUARY 8, 2024
Troy Palmquist profiles luxury team leader Ed Kaminsky, a member of the council of eXp Luxury and founder of SportStar Relocation.
RIS Media
FEBRUARY 8, 2024
Our industry confronts the question, “What would the market look like if there were no MLS?” Bright believes that one “Value of the MLS” is its critical role in ensuring fair and equitable access to housing for all Americans. We launched our “Value of the MLS” campaign last year to share that message with consumers.… The post In Support of a Fair and Equitable Housing Market appeared first on RISMedia.
Inman
FEBRUARY 8, 2024
The site started as an objective resource for renters and buyers moving to or living in New York City. Staff holds out hope for a sale this month.
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.
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