Housing Wire

FEBRUARY 1, 2024

Keller Williams has decided to bow out of the Sitzer/Burnett commission lawsuit. On Thursday, the Gary Keller-helmed brokerage notified the federal court in Missouri that it had entered into a settlement agreement with the plaintiffs in the Sitzer/Burnett suit. The settlement settles all home seller lawsuits nationwide. According to Keller Williams spokesperson Darryl Frost, the firm will pay $70 million as part of the settlement agreement.

MLS 473

MLS Agents Brokerage Industrial 473

Keeping Current Matters

FEBRUARY 1, 2024

As you think about the year ahead, one of your big goals may be moving.

297

297

Bigger Pockets

JANUARY 31, 2024

If you are considering dipping your toes into real estate investing with this strategy, it’s important to consider the tax implications so you will know how much profit to report. Underreporting rental income on your taxes could cause problems for you later if you are audited.

118

118

Inman

JANUARY 31, 2024

Fed Chair Jerome Powell says a rate cut at the central bank's next meeting is not "the base case," with policymakers wanting to see more data showing inflation is on a sustainable path down to 2 percent.

Banks 193

Banks Mortgages Marketing 193

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.

Agents

Calculated Risk Real Estate

JANUARY 30, 2024

S&P/Case-Shiller released the monthly Home Price Indices for November ("November" is a 3-month average of September, October and November closing prices). November closing prices include some contracts signed in July, so there is a significant lag to this data. Here is a graph of the month-over-month (MoM) change in the Case-Shiller National Index Seasonally Adjusted (SA).

Closing 112

Closing Finance As-is Marketing 112

Maximum Exposure Real Estate

JANUARY 29, 2024

If you’re selling your home, you must understand that pricing your home correctly from the beginning is critical. The most common reason a home doesn’t sell is that it is overpriced. But how do you know if you have an overpriced house? There will be signs that will be screaming for you to notice. Without […] The post How to Know if a House is Overpriced: 10 Ways to Tell appeared first on Maximum Real Estate Exposure.

Marketing 118

Marketing 118

Housing Wire

JANUARY 28, 2024

Housing demand is up and it’s time to track the spring housing data and see what the selling season will bring. As I always stress, we are working from the lowest bar ever with demand, so let’s add historical context to the data. But, even with mortgage rates higher this year than last year, demand is rising. Purchase application data As we get closer to the end of the first month of 2024, forward-looking purchase application data looks good.

Mortgages 520

Mortgages As-is Sales Marketing 520

Real Estate News

FEBRUARY 1, 2024

The deal will leave just NAR and HomeServices of America as defendants in Sitzer-Burnett and similar commissions cases, with billions of dollars at stake.

336

336

Inman

FEBRUARY 2, 2024

German search engine optimization (SEO) platform SISTRIX ranked portal Homes.com No. 43 on a list of fastest-growing domains in the U.S. The company has been ranking domains for 15 years.

Technology 193

Technology 193

RIS Media

FEBRUARY 1, 2024

Selling a house can be a significant undertaking. For many homeowners, the desire to sell a house fast is a top priority. When relocating, downsizing, or having other reasons for a speedy sale, implementing effective strategies can make a substantial difference. Whether selling a stigmatized property or a glamorous mansion, the home sale process can… The post 5 Expert Tips for a Faster Home Sale: Selling Your House Swiftly and Successfully appeared first on RISMedia.

Sales 137

Sales Industrial Agents Marketing 137

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.

Loans

Housing Wire

JANUARY 30, 2024

The U.S. housing market has reached its least affordable point in decades and housing agencies have increasingly rolled out homebuyer assistance programs to tackle this issue. A total of 135 new homebuyer assistance programs were introduced in 2023, a 6% increase over the previous year. This brought the nationwide tally up to 2,294, according to Down Payment Resource’s fourth-quarter Homeownership Program Index (HPI) report.

Closing costs 508

Closing costs Mortgages Investor Loans 508

Real Estate News

FEBRUARY 2, 2024

The new “Sign & Save” program offers buyers a rebate if they sign a buyer agreement with Redfin and go under contract on a home within six months.

304

304

Inman

JANUARY 28, 2024

Jimmy Burgess shares 10 specific prompts designed for real estate agents that will help you generate leads, grow your business and serve your clients at the highest level possible.

Design 194

Design Agents Technology Marketing 194

RIS Media

JANUARY 29, 2024

Selling a home is a significant undertaking. Choosing the right listing agent can make a world of difference in the success of your real estate venture. It becomes exceptionally crucial for a first-time seller to know the importance. Finding the best listing agent involves careful consideration, research, and a thoughtful interview. You will learn strategies… The post How to Find The Best Listing Agent When Selling a House appeared first on RISMedia.

Agents 137

Agents Industrial 137

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.

Sales

Housing Wire

FEBRUARY 2, 2024

Redfin is back to offering refunds to homebuyers but this time under a new name. Launched on Thursday, the brokerage’s Sign & Save program provides buyers who sign up to work with a Redfin agent before their second home tour — and who purchase a property with that agent within 180 days of signing the agreement — a refund of 0.25% to 0.5% of the purchase price of the house.

Purchase and sale agreement 473

Purchase and sale agreement Agents Closing Brokerage 473

Real Estate News

FEBRUARY 2, 2024

“We’re trying to be an example of what an association can do,” says René Galvan, who will take over for Bob Hale as CEO in 2026.

318

318

Inman

FEBRUARY 2, 2024

Zillow Immerse is the latest in a series of software releases from the home search leader as it moves toward an agent services model, collectively referred to as its “super app.

Agents 187

Agents As-is Technology Marketing 187

Seattle Times Real Estate

JANUARY 31, 2024

Plymouth Housing — which operates permanent supportive housing for nearly 1,200 people — said it’s never come so far on a project to have it end so suddenly.

145

145

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.

Agents

Housing Wire

FEBRUARY 1, 2024

Mortgage rates continued their downward plunge this week as inflation keeps decelerating. The 30-year fixed-rate mortgage averaged 6.63% as of Feb. 1, a decrease from last week’s figure of 6.69%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday. Meanwhile, the 15-year fixed rate averaged 5.94% this week, down from 5.96% during the prior week.

Mortgages 462

Mortgages Fixed-rate mortgage MLS Staging 462

Real Estate News

FEBRUARY 2, 2024

Zillow unveils app for Apple's Vision Pro; Perchwell offers REBNY RESO-compliant data solution; CoreLogic launches security platform; Lofty adds AI assistant.

272

272

Inman

JANUARY 31, 2024

The office of New York State Comptroller, which holds nearly 27,000 shares of eXp World Holdings stock, sent a letter to eXp CEO Glenn Sanford requesting he establish an independent committee to formally look into the allegations.

Brokerage 187

Brokerage 187

NAR: Economic Outlook

FEBRUARY 1, 2024

Young Adults Are Living at Home; Homeownership Next? The share of young adults living at home is back on the rise; this might make it easier for them to save for a down payment on a home.

133

133

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.

Agents

Housing Wire

JANUARY 31, 2024

After months of plaintiffs’ lawyers in commission lawsuits claiming that the National Association of Realtors sets real estate agent commissions, the trade group finally decided to, in its words, “set the record straight.” In a video posted on Wednesday, NAR interim CEO Nykia Wright told viewers that, “the notion that the National Association of Realtors controls what real estate professionals get paid is wholly untrue.

HR 462

HR Agents Brokerage Industrial 462

Real Estate News

JANUARY 31, 2024

In her first public message as CEO, Nykia Wright defended the real estate profession, saying it has been “vilified,” “sensationalized” and “misrepresented.

274

274

Inman

JANUARY 29, 2024

A buyer with a monthly budget of $3,000 can now purchase a home worth approximately $453,000 — up from $416,000 in October when mortgage rates reached a record of 7.8 percent, according to Redfin.

Mortgages 187

Mortgages Marketing 187

RIS Media

FEBRUARY 2, 2024

The latest Survey of Consumers from the University of Michigan finds that consumer sentiment in January remains relatively rosy, suggesting optimism about the economy as the new year gets underway. The Index of Consumer Sentiment, calculated by surveying consumers, currently sits at 79, a substantial increase both month-over-month (69.7 in December 2023) and year-over-year (64.9… The post Consumer Sentiment Continues to Gain Momentum appeared first on RISMedia.

Finance 128

Finance Industrial 128

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.

Agents

Housing Wire

JANUARY 30, 2024

Nearly three in four baby boomers aren’t using resources that would help them achieve or maintain homeownership status, according to survey data released Tuesday by nonprofit group NeighborWorks America. About 10,000 Americans turn 65 each day and all boomers will reach that milestone by 2030, according to census data. But a significant portion of this generation remain renters and are utilizing homeownership tools less frequently than younger age groups.

Development 458

Development Loans Mortgages Closing 458

Real Estate News

FEBRUARY 1, 2024

According to a new survey, the majority of buyers are concerned about transparency in the homebuying process.

324

324

Inman

JANUARY 30, 2024

Millennials began reshaping multifamily housing in compelling ways, writes Michael Zaransky, and Gen Z promises to accelerate that change. Property managers must be ready.

Property Management 184

Property Management Investor Agents 184

NAR: Economic Outlook

JANUARY 31, 2024

Navigating the Housing Market This Valentine's Day Data from the 2023 Profile of Home Buyers and Sellers shows the makeup of households and the role of relationships in shaping homebuying decisions.

Marketing 126

Marketing 126

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.

Sales