2023

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Zillow files antitrust suit against real estate listing services

Seattle Times Real Estate

The case is the latest challenge to established real estate players, after a federal jury decision dealt a blow to long-standing industry commission practices.

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Opinion: To support low-income borrowers, return Fannie Mae and Freddie Mac to the private sector

Housing Wire

Since the 2008 housing crisis , there have been significant changes that prompted the Treasury to place Fannie Mae and Freddie Mac under conservatorship. While the conservatorship has allowed for the mortgage market to be restored to its pre-crisis state and strengthened these two government-sponsored entities (GSEs), there are significant downsides to maintaining the status quo indefinitely.

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Sitzer | Burnett: Live updates from the buyer-agent commission trial

Inman

The long-awaited Sitzer | Burnett commission trial is underway in Kansas City, Missouri, and Inman is covering it all live as it unfolds. Check back early and often for news, views, schedules and more.

Agents 217
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What to Do With Your Home if You Buy a Second Property

RIS Media

The decision to buy a second property brings a host of considerations, and one of the most crucial among them is whether to sell or rent your existing home. This dilemma requires careful evaluation of financial, emotional, and strategic factors to ensure that the choice aligns with your goals and circumstances. We will explore renting… The post What to Do With Your Home if You Buy a Second Property appeared first on RISMedia.

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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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Property Taxes by State – 2022

Eye on Housing

NAHB analysis of the 2022 American Community Survey data shows that New Jersey leads the nation with the highest average annual real estate tax (RET) bill ($9,285)—$8,425 more than yearly property taxes paid by Alabama’s homeowners ($860). The size of this disparity grew 1.1% in 2022 and has increased 9.3% since 2017. Vermont was the only state for which the.

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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 204

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Hack at nation’s largest title company stalls closings

Real Estate News

Fidelity National Financial, parent company of Chicago Title and more, is blocking access to title and escrow services while it investigates a security breach.

Title 353
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Breaking: Secret Order of Tents Society Granted Tax Exemption, Protecting Historic Bed Stuy HQ

Brownstoner

The historic secret aid society run by Black women that has a headquarters in the magnificent but dilapidated building at 87 MacDonough Street was granted a tax exemption today, according to New York City Council Member Justin Brannan. Brannan, chairman of the committee on finance, said in an email that the… Read More > The post Breaking: Secret Order of Tents Society Granted Tax Exemption, Protecting Historic Bed Stuy HQ appeared first on Brownstoner.

Finance 145
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What Does Contingent Mean in Real Estate?

HomeLight

You’ve been browsing for a home when suddenly a particular listing catches your eye. It’s a lovely four-bedroom Colonial, beautifully presented in the heart of a mature neighborhood. But as your eyes scan the details of the listing, you come across a term that makes you pause: “Contingent.” So, what does contingent mean in real estate?

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103 Real Estate Jokes, Puns & Pick-up Lines You Haven’t Heard 1,000 Times

The Close

Is the market roller coaster of 2023 getting to you? Need a little pick-me-up? Perhaps a healthy dose of real estate jokes, puns, and pick-up lines is just what the doctor ordered to get you back on track. We hope you memorize a few of these cheesy, hilarious, oh-so-true, and groan-worthy real estate jokes to tell at tomorrow’s team or client meeting.

Agents 145
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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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Which Banks Are in Danger of Failing or Collapse?

Marco Santarelli

Recently, a report posted on the Social Science Research Network found that 186 banks in the United States are at risk of failure due to rising interest rates and a high proportion of uninsured deposits. The report titled ‘Monetary Tightening and US Bank Fragility in 2023: Mark-to-Market Losses and Uninsured Depositor Runs?' estimated the market value loss of individual banks' assets during the Federal Reserve's rate-increasing campaign.

Banks 145
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Mortgage rates should drop below 7% as housing demand picks up

Housing Wire

What a week! Mortgage rates almost fell below 7%, the 10-year yield is below 4.25% again, and people are seriously talking about Fed rate cuts in 2024. Times can change quickly, which is why we created the weekly tracker so you have the information you need in real-time. Purchase application data Hello, early Christmas present! Mortgage rates have fallen by almost 1% in a short time, and it has created four straight weeks of positive purchase application data.

Mortgages 542
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What’s Old Is New Again: 4 Ingenious Home Transformations

Sotheby's International Real Estate

Whether a restyled former synagogue or a transfigured community theater, these four properties have been painstakingly, fashionably modified, respecting each one’s provenance while introducing architectural and aesthetic innovations. Sonoma’s Ruby Stone Building Ginger Martin | Sotheby’s International Realty – St. Helena Brokerage History meets modern luxury in this distinctive 6,743-square-foot property just a block from the Sonoma Plaza.

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Lawler: New Census Long-Term Population Projections Are MASSIVELY Lower Than Previous Projections

Calculated Risk Real Estate

From housing economist Tom Lawler: Last Friday Census released new long-term projections of the US resident population, this time going out to 2100. The last time Census released long-term population projections was in 2017 (going out to 2060), and the 2023 projections for the “middle” scenario are massively lower than the 2017 projections.

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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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Canadian Real Estate Bubble May Crash Until 2025 As Indicator Flashes Warning

Better Dwelling

Canada’s real estate bubble is popping, and another indicator is flashing a warning. Residential investment as a share of GDP fell again in Q3 2022, after peaking a year before. Such a large drop in housing investment has only ever preceded the popping of a real estate bubble. Central bank research also indicates real home […]. The post Canadian Real Estate Bubble May Crash Until 2025 As Indicator Flashes Warning appeared first on Better Dwelling.

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Opendoor lays off 22% of its workforce in latest round of cuts

Inman

In total, the company cut 560 positions, according to a statement Opendoor provided to Inman. The cuts, which were announced internally Tuesday morning, primarily focused on operations roles.

Sales 218
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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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Jury sides with home sellers in commissions trial

Real Estate News

After less than three hours of deliberation, the jury ruled for the plaintiffs in the landmark Sitzer/Burnett trial, awarding nearly $1.8 billion.

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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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‘Blank Check’ to Developers or Chance to Curb Displacement: Locals Comment on City of Yes

Brownstoner

Feedback on the Adams administration’s proposed citywide zoning text amendment for housing, which would increase developers’ ability to build bigger buildings in residential neighborhoods, eliminate parking mandates, and mix manufacturing and residential buildings, amongst a number of other changes, got heated at a public scoping meeting last week. Dozens of… Read More > The post ‘Blank Check’ to Developers or Chance to Curb Displacement: Locals Comment on City of Yes appea

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Total Makeover: What’s the Cost of Gutting a Home and Remodeling?

HomeLight

Most home renovation shows would have you believe that gutting and remodeling your house is as simple as a 30-minute programming block. Draft up some pretty designs, get crazy with a sledgehammer, lay some tile, and bam — your dream house is complete. The reality is a little more complicated, not to mention pricey. According to HomeAdvisor, a full home renovation costs $150,000 on the high end, and that doesn’t account for unexpected bumps along the way.

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Single-Family Permits Decline in July 2023

Eye on Housing

Over the first seven months of 2023, the total number of single-family permits issued year-to-date (YTD) nationwide reached 527,158. On a year-over-year (YoY) basis, this is 18.4% below the July 2022 level of 645,877. Year-to-date ending in July, single-family permits declined in all four regions. The Northeast posted the lowest decline of 12.1%, while the West region reported the steepest.

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List of Failed Banks in the United States

Marco Santarelli

In this blog post, we will be reviewing the list of failed banks in the United States. It's never good news when we hear about a bank failure , and unfortunately, there have been quite a few in the United States over the years. From Washington Mutual and IndyMac in 2008 to Guaranty Bank and First NBC Bank in 2017, these failures can have a big impact on customers, employees, and the economy as a whole.

Banks 139
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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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Mr. Cooper hit with consumer class-action lawsuits over cyberattack 

Housing Wire

Mr. Cooper Group became the target of at least four consumer class-action lawsuits after disclosing a cyberattack at the end of October when customer information was compromised and the company shut down certain systems. On Oct. 31, the Dallas-based servicer and lender said it had experienced a cybersecurity incident with an unauthorized third party accessing certain portions of its technology systems and customer data.

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The Bold and the Beautiful: 4 Homes with Vibrant Interiors

Sotheby's International Real Estate

Choosing bold paint shades is an effortless way to transform an interior space from commonplace to compelling. These spirited residences succeed with vivid, eye-catching doses of color in a variety of spaces. Fifth Avenue Aerie Elizabeth L. Sample, Brenda S. Powers | Sotheby’s International Realty – East Side Manhattan Brokerage High above Fifth Avenue in East Harlem, this dramatic 3,045-square-foot condominium residence is a sophisticated aerie with magnificent views and floods of natural

Brokerage 142
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Final Look at Local Housing Markets in May

Calculated Risk Real Estate

Each month I track closed sales, new listings and active inventory in a sample of local markets around the country (over 40 local housing markets) in the US to get an early sense of changes in the housing market. In addition, we can look for regional differences. For example, listings in Texas and Florida are up more than in most other areas , and sales are down less year-over-year.

Marketing 138
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23 Tips for Selling a Home with Kids: A Helpful Guide

Realty Biz

Selling a home can be a stressful and challenging process, and when you add kids into the mix, it can become even more complicated and overwhelming. Children can create chaos, and their needs and routines can clash with the demands of home showings and open houses. However, with some careful planning and a bit of patience, you can successfully navigate the home-selling process while keeping your kids happy and your sanity intact.

Staging 132
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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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Falling mortgage rates and home prices spur homebuyer interest

Inman

Demand for purchase loans picks up for the fourth straight week as mortgage rates continue to retreat from 2023 highs, according to the latest Mortgage Bankers Association survey released Wednesday.

Mortgages 214
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11 Tips to Have The Best Home Building Experience

RIS Media

Building a new home is a significant milestone in anyone’s life, and the process can be both exhilarating and challenging. Whether considering existing new construction or contemplating creating a custom home, careful planning and informed decision-making are essential for a seamless home-buying experience. This comprehensive guide will explore critical tips to ensure you have the… The post 11 Tips to Have The Best Home Building Experience appeared first on RISMedia.

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Georgia homesellers file their own commissions lawsuit

Real Estate News

The case takes aim at NAR and local as well as national brokerages, while calling out the current system as a way to protect ineffective agents.

Brokerage 338
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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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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.