Sat.Mar 16, 2024 - Fri.Mar 22, 2024

article thumbnail

NAR addresses ‘incorrect claims’ in Biden’s housing proposal speech

Housing Wire

Although the National Association of Realtors (NAR) is grateful for the White House’s focus on the nation’s affordable housing crisis, the trade group was not thrilled about remarks President Joe Biden made about real estate agent commissions. In a speech given at Stupak Community Center in Las Vegas on Tuesday, Biden pitched his administration’s new housing proposals.

article thumbnail

What Are Experts Saying About the Spring Housing Market?

Keeping Current Matters

If you’re planning to move soon, you might be wondering if there'll be more homes to choose from, where prices and mortgage rates are headed, and how to navigate today’s market.

Marketing 265
Insiders

Sign Up for our Newsletter

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

article thumbnail

The Rise of “15-Minute Cities,” and if Investors Should Cash In

Bigger Pockets

Paris officially implemented the "15-minute city" as an urban planning concept, and now city planners across the world are debating the merits of switching to this model. What is a 15-minute city, and is it something you should invest in?

Investor 118
article thumbnail

Plaintiffs seek whopping $4.7 billion from HomeServices

Real Estate News

The last defendant in the Sitzer/Burnett commissions case said it anticipated the motion and will respond with its own court filings in April.

339
339
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

Washington state could provide guidance for others on buyer broker agreements

Housing Wire

There is no doubt that the cooperative compensation structure changes outlined in the National Association of Realtors’ commission lawsuits settlement agreement will generate massive changes in the real estate industry, but those are not the only changes mandated by the terms of the agreement. Based on NAR’s settlement, agents working with buyers will need a signed buyer representation agreement starting in mid-July, pending final court approval of the settlement.

MLS 475
article thumbnail

Compass to pay $57.5M to settle commission lawsuits

Inman

The news comes one week after NAR's whopping $418 million settlement was announced. Compass also agreed to make some minor changes to its business practices as part of the settlement.

MLS 193

More Trending

article thumbnail

Agents Decoded: The future is uncertain — but don’t panic!

Real Estate News

NAR’s proposed settlement in the commissions cases has quickly led to a flurry of headlines — many of them wrong. Here’s what agents need to do.

Agents 326
article thumbnail

Buyer agency: a crucial historical shift in real estate

Housing Wire

Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. This misconception obscures the reality that, historically, buyers lacked formal representation. Initially, the entire commission percentage was pocketed by the listing agent, who solely represented the seller’s interests.

article thumbnail

Fannie Mae no longer expects mortgage rates to drop below 6%

Inman

The recent surge in mortgage rates could take some air out of a projected rebound in 2024 home sales, with deals driven mostly by households who can no longer put off their moves due to life events.

Mortgages 193
article thumbnail

Does It Make Sense To Buy a Home Right Now?

Keeping Current Matters

Thinking about buying a home?

278
278
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

Emerging agent association sees opportunity following NAR deal

Real Estate News

NAR’s settlement — and the emotions surrounding it — could lead more agents to consider trading in their membership for something new.

Agents 310
article thumbnail

Is the spring housing market ready for the Fed’s déjà vu?

Housing Wire

It’s spring 2024 and we have a Federal Reserve meeting this week. The 10-year yield is at the same critical point as last year before the Fed went hawkish and sent mortgage rates to 8% and the 10-year yield to 5%. Could this happen again? This is the week the balls are all in the Federal Reserve ’s court. I believe it is in the Fed’s interest to keep existing home sales depressed.

Marketing 485
article thumbnail

MLS PIN, Nosalek plaintiffs seek to delay DOJ response after NAR deal

Inman

They asked the court for more time to analyze the impact on their proposed settlement of NAR's proposed rule change banning the MLS display of commissions offered to buyer brokers.

MLS 180
article thumbnail

Beyond the Headlines: Understanding How Proposed Changes in Real Estate Commissions Will Actually Impact You as a Buyer or Seller

Lighter Side of Real Estate

You’ve probably heard the news that there are changes coming in terms of how real estate commissions are paid. This might sound exciting and like a potential game-changer for you as a home seller or buyer, with headlines proclaiming things like: “Real estate commissions are being slashed!” “Selling your house will now be less expensive!” “No more paying 6% to real estate agents!

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

Winners, losers and a look at the post-commissions deal future

Real Estate News

Buckle up: The proposed NAR settlement will unleash a fast-moving wave of change – and opportunity, especially for buyer agents who can articulate their value.

Agents 289
article thumbnail

Fed holds rates steady with inflation still running hot

Housing Wire

The Federal Reserve ’s Federal Open Markets Committee (FOMC) held its short-term policy interest rate steady at a range of 5.25% to 5.5% for a fifth straight meeting on Wednesday. “The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2%,” according to the FOMC statement. “In addition, the Committee will continue reducing its holdings of Treasury securities and agency de

Investor 454
article thumbnail

What to expect on ‘Buying Beverly Hills’ Season 2

Inman

Agent rivalries, a transitioning market, family drama and a new mansion tax are just some of the key challenges that cast members will face on the reality TV show in its new season.

Agents 176
article thumbnail

Don’t Forget the Basics: How to Market a Home in a Seller’s Market

RIS Media

Selling your home is a significant decision. The right strategies can make the process smoother and more profitable. Even in a seller’s market, you can’t take the basics of selling a home for granted. We will cover critical strategies, including professional photography, online platforms and writing compelling descriptions. We aim for clarity, brevity and effectiveness… The post Don’t Forget the Basics: How to Market a Home in a Seller’s Market appeared first on RIS

Marketing 129
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

eXp ‘expecting a whole lot of creativity’ in wake of NAR deal

Real Estate News

During a livestream with nearly 50,000 viewers, eXp leaders discussed NAR’s proposed settlement while agents flooded the chat with reactions.

Agents 301
article thumbnail

Compass settles commission lawsuits for $57.5 million

Housing Wire

Compass has joined the National Association of Realtors , Anywhere , Keller Williams and RE/MAX in settling the commission lawsuits. In a document filed with the Securities and Exchange Commission on Friday morning, the Robert Reffkin-helmed firm announced that it had reached a nationwide settlement in relation to the Umpa and Gibson suits on Thursday.

Brokerage 448
article thumbnail

Congress grants National Flood Insurance Program a reprieve

Inman

The $1.2 trillion funding bill passed by the House Friday averts a partial government shutdown and extends a critical insurance program that protects 4.7 million homes through the end of September.

Mortgages 179
article thumbnail

Luxury Staging Trends and Tips for 2024

RIS Media

We all know that luxury real estate trends ebb and flow based on numerous factors from the seasons to the state of the economy. Equally, design preferences tend to fluctuate with some new fads occurring while other trends remain timeless. Today, design is all about individuality and creating experiences—gone are the days of formulaic interiors… The post Luxury Staging Trends and Tips for 2024 appeared first on RISMedia.

Staging 127
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

‘We remain vigilant’ KW says as it unpacks NAR settlement

Real Estate News

From buyer agreements to non-MLS places where cooperative compensation can appear, here’s what Keller Williams is telling leaders and agents about the deal.

MLS 281
article thumbnail

The Real Brokerage, The Agency top list of RealTrends Verified movers by sides/volume

Housing Wire

In real estate brokerage, growth is the name of the game and for 2024 (based on 2023 data), The Real Brokerage and The Agency are winning that game. Berkshire Hathaway HomeServices RW Towne Realty also had a strong showing. The 2023 housing market was a period of uncertainty with low inventory and industry challenges. For all of 2023, the Relitix Agent Movement Index , showed a marked decrease in agent movement.

Brokerage 446
article thumbnail

Outdo the competition with this ultimate SEO guide

Inman

In the first of her two-part series, marketing expert Marci James offers insight into making the most of your digital presence with search engine optimization.

Marketing 185
article thumbnail

NAHB Releases What Home Buyers Really Want, Study Shows Buyers Want Smaller Homes

Eye on Housing

Continuing NAHB’s commitment to be at the forefront of research on home buyer preferences, the 2024 edition of What Home Buyers Really Want was recently released at the International Builders’ Show. The primary objective of the study is to provide builders, manufacturers, architects, and the general residential construction industry with a thorough analysis of what.

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

NAR seeks to clarify commissions settlement details

Real Estate News

In a call with media, NAR reps sought to dispel confusion and misinformation coming out of the March 15 settlement announcement.

296
296
article thumbnail

Equifax’s Work Number is too expensive and regulators should look into it: CHLA

Housing Wire

Equifax’s Work Number product is too expensive for consumers and the Federal Housing Administration ( FHA ) and Federal Housing Finance Agency ( FHFA ) should potentially do something about it, an influential mortgage trade group argued this week. In a letter submitted to FHA commissioner Julia Gordon and FHFA director Sandra Thompson on Thursday, the Community Home Lenders of America ( CHLA ) expressed concern that the cost of employment verifications charged by Equifax is “excessive” as

article thumbnail

Thriving in 2024: Conquering leadership at home and in business

Inman

Explore a wealth of expert insights and strategies designed to navigate the balance of leadership between your personal life and business and what it means to be successful in both.

Design 176
article thumbnail

Pros and Cons of Making Home Improvements Before Selling a House

RIS Media

Selling a home is a significant decision involving many considerations. Among these, deciding whether to make improvements before listing the property is paramount. This decision can dramatically influence not only the sale price but also the speed and smoothness of the transaction. Understanding the pros and cons of home improvements before sale is essential for… The post Pros and Cons of Making Home Improvements Before Selling a House appeared first on RISMedia.

Sales 127
article thumbnail

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.