Sat.Dec 09, 2023 - Fri.Dec 15, 2023

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What is Needed to Close on a House

RIS Media

Closing on a house culminates weeks or months of house hunting, negotiations, and paperwork. It’s an exciting but often complex process involving several key players, numerous documents, and meticulous steps. You will learn what is required to close a house and the items needed for a home closing. Closing on a house isn’t rocket science,… The post What is Needed to Close on a House appeared first on RISMedia.

Closing 133
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3 reasons you should be using a buyer agreement now

Inman

According to broker Joseph Santini, buyer agreements are good for buyers and good for buyer agents. Find out more about these valuable tools and how to get them signed.

Agents 154
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The Fed holds rates steady at final meeting of 2023

Housing Wire

The Federal Open Markets Committee (FOMC) held its short-term policy interest rate steady at a range of 5.25% to 5.5% at its last meeting of the year on Wednesday. It was the fourth pause recorded in 2023. Investors will parse Jerome Powell’s press conference this afternoon for clues about when and why the central bank might change its policy stance next year.

Mortgages 522
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The Surprising Trend in the Number of Homes Coming onto the Market

Keeping Current Matters

If you're thinking about moving, it's important to know what's happening in the housing market.

Marketing 276
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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.

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DataDigest: Breaking down housing economists’ 2024 forecasts

Housing Wire

As 2023 draws to a close, housing professionals hope for relief from the high mortgage rates, terrible inventory levels and slow sales that characterized the year. They may find that relief for mortgage rates next year, according to forecasts from various industry experts compiled by HousingWire. Sales, however, may see only mild improvement in the year ahead, while prices will remain more or less historically high, the forecasters believe.

Sales 466
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Is Investing About to Get Easier? Here’s Our 2024 Outlook For Housing Prices

Bigger Pockets

Housing prices have hardly let up over the past few years, and rising rates have made buying real estate even more expensive. Will we see any relief next year, though? Here's what you need to know.

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Should I Accept an All-Cash Offer for My House?

HomeLight

As mortgage interest rates have increased, so too have the number of all-cash offers for homes. With cash, buyers who have the financial means or equity growth in their existing homes are avoiding the higher interest rates, which have more than doubled since the early days of the pandemic. In addition, more home sellers are prioritizing all-cash offers.

Equity 109
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Predicting The 2024 Real Estate Market

BubbleInfo

Yesterday, Jay Powell shocked the world by declaring three rate cuts in 2024! It was Fed speak of the most unusual order – open and transparent, instead of the opaque mumbling of previous chairmen. The predictions are for rate cuts early in 2024 too.

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Why home prices haven’t crashed even with high mortgage rates

Housing Wire

The most underreported housing story I’ve seen this year is that even with mortgage rates rising to 8%, the number of homes that took price cuts before they sold was 4% below 2022 levels. This happened even with higher home prices and higher mortgage rates in 2023. Weekly housing inventory data We will start with the price cut data percentage because it deserves a detailed explanation. 2022 was a historic year for housing as we had the most significant home sales crash ever, and mortgage r

Mortgages 532
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New details in eXp sexual assault claims revealed by New York Times

Real Estate News

Five women told the Times that it took a lawsuit to get action on predatory behavior. A second lawsuit has been filed. eXp says it let “bad actors” go.

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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.

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The Perfect Home Could Be the One You Perfect After Buying

Keeping Current Matters

There’s no denying mortgage rates and home prices are higher now than they were last year and that’s impacting what you can afford.

Mortgages 253
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How to leverage pop culture moments to improve your listings

Inman

When it comes to marketing high-end homes, it pays to think like an ad firm. That means knowing your target audience, using themes they’ll understand, and finding ways to creatively defy convention.

Marketing 207
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Inflation data is good news for real estate in 2024

Housing Wire

Today’s inflation reports show that Federal Reserve rate cuts are in play in 2024 — not because of the labor market breaking, but because real rates are too high. If the labor market gets weaker, meaning jobless claims break over 323,000 on the four-week moving average, we can get even more rate cuts. The labor market is not there yet so for now we can focus on the fact that the Fed overhiked, and because of that, they have room to cut.

Land 490
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Brokers in Focus: ‘There's no half doing this anymore’

Real Estate News

Laura Ellis, Baird & Warner’s strategy leader, believes changes spurred by Sitzer/Burnett will be “good for the serious, competent real estate professional.

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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.

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Down Payment Assistance Programs Can Help Pave the Way to Homeownership

Keeping Current Matters

If you’re looking to buy a home, your down payment doesn’t have to be a big hurdle.

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New lawsuit accuses eXp of ignoring agent sexual assault

Inman

The suit accuses now-former eXp agents of sexually assaulting a woman and claims eXp failed to stop the "abhorrent behavior." It follows a similar case that began in February.

Agents 188
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A sub-7% mortgage rate brings holiday cheer

Housing Wire

The holidays have come early for the mortgage industry. Mortgage rates fell below the 7% threshold this week as markets prepared for Federal Reserve Chairman Jerome Powell’s announcement on Wednesday. The 30-year, fixed mortgage rate averaged 6.95% for the week ending Dec. 14, according to Freddie Mac ‘s Primary Mortgage Market Survey. That’s down from last week’s 7.03% and up from 6.31% the same week a year ago.

Mortgages 485
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EasyKnock accused of deceptive practices, hit with fine

Real Estate News

The Massachusetts attorney general claimed the "buy-before-you-sell" company targeted financially strained homeowners through its sale-leaseback program.

Sales 291
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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.

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If Your House Hasn’t Sold Yet, It May Be Overpriced

Keeping Current Matters

Has your house been sitting on the market a while without selling?

Marketing 250
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How Sean Carpenter is building relationships and solving problems

Inman

As part of his Snapshot series, Brandon Doyle profiles speaker, coach and consultant Sean Carpenter to find out how he brings fun and enthusiasm to his real estate journey.

Agents 189
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47 Texas real estate firms, associations get hit with second commission lawsuit

Housing Wire

As the saying goes, everything is bigger in Texas. A copycat commission lawsuit filed on Thursday by home sellers in the United States District Court for the Eastern District of Texas, accuses 47 real estate industry defendants of allegedly conspiring to artificially inflate real estate agent commissions. This is the second commission lawsuit filed in the Lone Star State since a Missouri jury found the real estate industry liable for colluding to inflate agent commissions in late October.

MLS 473
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All eyes on Hanna after bold listings shift — but now what?

Real Estate News

After becoming CEO of the nation’s largest independent brokerage, Hoby Hanna limited access to some listings. Expanding that approach is the table for 2024.

Brokerage 285
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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.

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How Much Does It Cost to Build a Luxury Home

RIS Media

Building a luxury home is a dream for many, but the path to turning that dream into reality involves careful planning and a thorough understanding of the costs involved. Whether you envision a sprawling mansion with breathtaking views or a modern oasis with cutting-edge amenities, the cost of building a luxury home can vary significantly.… The post How Much Does It Cost to Build a Luxury Home appeared first on RISMedia.

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High-income renters are top prize as ownership hurdles pile up: Poll

Inman

Luring high-income renters into homeownership will only become more challenging as costs stay high, according to experts and a survey of US consumers conducted by Dig Insights and Inman.

Equity 186
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Job growth will fuel the housing demand in the long term: NAR’s Lawrence Yun

Housing Wire

After two straight years of double-digit declines, home sales will pick up in 2024 thanks to lower mortgage rates. This is according to NAR Chief Economist Lawrence Yun, who shared a presentation of his 2024 forecast on Tuesday. While the past two years have been challenging to say the least for prospective homebuyers , homeowners have been reaping the fruits of their investments, as home prices steadily appreciated for the past three years.

Mortgages 473
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Looking back on a year of mortgage rate madness

Real Estate News

While high borrowing costs brought the market to a halt in 2023, there are signs that mortgage rate relief is coming in 2024.

Mortgages 314
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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.

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‘Housing Not High Rises:’ Group Opposing 13-Story Arrow Linen Project Says Local Context Missing

Brownstoner

Locals fighting a rezoning plan to put up two 13-story residential buildings on Windsor Terrace’s Arrow Linen site aren’t against housing, members of the group told a community meeting on Wednesday night. They said they would be happy to see the site return to residential provided the new development fits… Read More > The post ‘Housing Not High Rises:’ Group Opposing 13-Story Arrow Linen Project Says Local Context Missing appeared first on Brownstoner.

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Stop! Before you send that buyer listings, ask these 47 questions

Inman

If you don't ask your buyers the right questions, writes broker associate Cara Ameer, before you travel too far down the road with them, you could end up wasting their time and yours.

Agents 185
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Copycat commission lawsuits hit the West Coast

Housing Wire

The copycat commission lawsuits have made it to the West Coast. A home seller plaintiff in California filed an antitrust lawsuit on Friday in U.S. District Court for Northern California, accusing the real estate industry of colluding to artificially inflate real estate agent commissions. The lawsuit was filed by Christina Grace, who sold a house listed on Bay Area Real Estate Information Services MLS (BAREIS MLS) in April 2020 and paid a commission to the buyer’s agent.

MLS 449
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Home sales will bounce back in 2024, says NAR panel

Real Estate News

Economists were optimistic about the year ahead, but noted that inflation and mortgage rates will be key factors.

Sales 329
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How Enriching the Lives of Your Clients Leads to Greater Sales Success

Speaker: Ari Capogeannis, Director - Revenue Marketing at NVIDIA and Bill Pappa, Sales and Marketing Leader at Ai Media Group

Building strong personal and professional relationships with clients is a critical success factor. Sales professionals who focus on relationship building generate more leads and raise their brand awareness. Because this can take time, having regular engagements can help you cultivate these relationships more efficiently. The most effective way to accomplish this is through direct hyper-personalized touchpoints.