Housing Wire
MAY 3, 2024
The U.S. economy added 175,000 jobs in April, less than in March and below what economists had expected. April’s rate also fell below the average monthly gain of 242,000 over the prior 12 months. Meanwhile, the change in total nonfarm payroll employment for March was revised up by 12,000, from 303,000 to 315,000, according to data released by the B ureau of Labor Statistics on Friday.
Real Estate News
MAY 3, 2024
The organization has revised its MLS handbook and beefed up its FAQ to help explain what’s changing, while giving NAR members until Aug. 17 to comply.
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Housing Wire
MAY 3, 2024
Proptech company RealReports is partnering with New England-based PrimeMLS , the companies announced on Thursday. As a result, PrimeMLS’s 12,000 member agents will have access to RealReports’s wealth of property data. RealReports is a real estate platform that gathers property data — including permits, climate risk, rental rates, flood insurance costs, internet providers and speeds, crime statistics, solar potential, liens, zoning details, remodel potential and valuation — in one place.
Inman
MAY 3, 2024
Nominations for luxury's most prestigious award close on May 17. But there are plenty of ways to ensure your name is synonymous with quality and unmatched expertise. Submit nominees today.
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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.
Housing Wire
MAY 3, 2024
Thanks to high mortgage rates , mortgage refinance rates, and even higher home prices , the vibe among homebuyers has been fairly bleak these past couple months. In Fannie Mae ‘s most recent National Housing Survey, only 17% of consumers said they think it’s a good time to buy a home. To that I say, timing is everything in real estate. And right now, prospective homebuyers find themselves in a unique window of opportunity.
Inman
MAY 3, 2024
Now more than ever, real estate needs innovators like you. Nominations for the 27th annual Inman Innovator Awards close May 17. Don't let the industry's next great idea fall through the cracks.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Inman
MAY 3, 2024
Supra One is “all-new” and fully integrated with the company’s home showing system, a product that allows for simple online home tour scheduling, access details, collaboration features, ongoing showing insights, agent name and concise calendar management.
Housing Wire
MAY 3, 2024
RE/MAX executives were not shy about acknowledging the uncertainty that is currently plaguing the real estate industry during the firm’s first-quarter 2024 earnings call with analysts and investors Friday morning. But despite the uncertainty and the soon-to-beimplemented business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement , RE/MAX leaders are confident in the brokerage’s ability to succeed in this changing environment.
Inman
MAY 3, 2024
Nearly two months after beta testing, Seattle-based brokerage Redfin has launched its artificial intelligence-powered home search assistant, Ask Redfin, nationwide. Homebuyers using Redfin's Apple iOS app will automatically see Ask Redfin on a home's listing page after completing a quick update.
Housing Wire
MAY 3, 2024
The dismal 2024 mortgage market has one very silver lining: $32 trillion in home equity. Jim Deitch, co-founder and CEO at Teraverde , sees a golden opportunity for lenders who are prepared to serve homeowners with innovative options. “The biggest year of mortgage production , from 2021-2022, generated $4.5 trillion. Compare that with $30 trillion in financeable equity — it dwarfs it.
Advertiser: Trellis
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Inman
MAY 3, 2024
As we move forward together, eXp's Kendall Bonner writes, demonstrating a higher level of knowledge and expertise is essential for conveying your worth to potential clients.
Housing Wire
MAY 3, 2024
The tri-state area of New York , New Jersey and Connecticut may face a housing gap of 920,000 units by 2035, a new report published by the Regional Plan Association (RPA) found. The analysis, conducted by McKinsey & Co. , highlights a current shortage of 540,000 housing units in the region. To address this looming crisis, the pace of construction will need to increase significantly, the report states.
RIS Media
MAY 3, 2024
In a letter to members, National Association of REALTORS® (NAR) Chief Legal Officer Katie Johnson announced practice changes required under the NAR Settlement Agreement in the seller commission cases will take effect in August not July as originally stated, giving all parties involved a three-month window to adapt. She also outlined how the practice changes… The post BREAKING: NAR Settlement-Required Practice Changes Pushed to August 17 appeared first on RISMedia.
Housing Wire
MAY 3, 2024
eXp Realty has acquired Broker’s LLC , a 500-agent independent brokerage based in South Florida and founded by Claudia Serna, eXp announced on Thursday. “Claudia’s impressive track record and the entrepreneurial spirit of Broker’s LLC align perfectly with our values and vision,” Leo Pareja , CEO of eXp Realty, said in a statement. “Claudia personifies determination, having immigrated from Colombia with less than $500 and a dream to start her own business so that she could lead with her values of
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RIS Media
MAY 3, 2024
Above, from left, Alí Araúz, Kevin Sing and Kevin Singham With all the hullabaloo these days concerning residential real estate sales in America, including buyer-agent commission worries, continual legal proceedings and more, what’s going on in other countries? Has their way of doing business come under similar scrutiny? Has there been any kind of outcry… The post Global Real Estate Agents: What’s Happening Where They Live and Work?
Housing Wire
MAY 3, 2024
The business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement ,will go into effect on Aug. 17, 2024, according to a letter sent to members on Friday by NAR chief legal officer Katie Johnson. Originally, the trade group had said the practice changes would go into effect in mid-July.
Inman
MAY 3, 2024
Real estate coach Jonathan Lack shares insights for what agents can do in the next 30, 60 and 90 days to perform at a higher level in the wake of commission lawsuit settlements.
Housing Wire
MAY 3, 2024
Earlier this week, Zillow launched a new “touring agreement,” a nonexclusive contract for buyers and agents to use for home tours. The real estate giant was prompted to do this by the terms of National Association of Realtors’ (NAR) commission lawsuit settlement agreement which requires agents to have a written agreement with a client in order to work with them as a buyer broker.
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.
Inman
MAY 3, 2024
This week we got our first glimpse into some of the practical, procedural changes that we'll see in the aftermath of NAR's commission lawsuit settlement.
RIS Media
MAY 3, 2024
Opendoor, the largest and oldest iBuyer, is still struggling to adjust its business model to a more restrictive, sluggish market but is carefully watching the recent National Association of REALTORS’® (NAR) settlement as the company ramps up home purchases and looks for profitability “across seasons and market environments.” On an earnings call yesterday, Opendoor CEO… The post Opendoor Predicts Falling Commissions, Hopes to Benefit From Settlement appeared first on RISMedia.
HomeLight
MAY 3, 2024
Disclaimer: This blog post is meant to be used for educational purposes only, not legal advice. If you need assistance navigating the legalities of keeping or selling your home in a divorce, HomeLight always encourages you to reach out to your own advisor. Deciding what to do with the marital home is a challenging part of every divorce where real estate is involved.
Inman
MAY 3, 2024
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.
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.
NAR: Economic Outlook
MAY 3, 2024
Instant Reaction: Jobs, May 3, 2024 News of some cooling in the labor market could mean the topping-out of mortgage rates this week before more sustained declines through 2024.
Inman
MAY 3, 2024
Trainer Rachael Hite looks at this viral TikTok trend and makes some recommendations about how agents can save their own day on their worst days with this simple new habit.
RIS Media
MAY 3, 2024
The endlessly adaptive and creative real estate industry is already preparing to turn today’s settlements into tomorrow’s success stories. Industry leaders are poised to leverage recent legal developments as opportunities for growth, paving the way for innovative business models and enhanced client experiences. This webinar led by John Featherston and Matthew Ferrera, will feature a… The post From Settlements to Success: How Industry Leaders will Innovate and Grow After the Lawsuits appea
Brownstoner
MAY 3, 2024
On Monday, May 6, Floor & Decor is opening its biggest store yet — more than 120,000 square feet at 850 3rd Avenue in Sunset Park in Brooklyn — and is holding a weeklong series of celebrations to mark the event. It seems natural that a flooring retailer would choose the… Read More > The post Floor & Decor Opens in Brooklyn May 6 With Weeklong Series of Events appeared first on Brownstoner.
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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.
Calculated Risk Real Estate
MAY 3, 2024
It has been over 17 years since the bubble peak. In the February Case-Shiller house price index released on Tuesday, the seasonally adjusted National Index (SA), was reported as being 72% above the bubble peak in 2006. However, in real terms, the National index (SA) is about 10% above the bubble peak (and historically there has been an upward slope to real house prices).
Brownstoner
MAY 3, 2024
Our picks for open houses to check out this weekend are found in Carroll Gardens, Clinton Hill, Greenpoint, and Bay Ridge. They range in price from $1.35 million to $7.995 million. 322 Degraw Street Price: $7.995 million Area: Carroll Gardens Broker: Douglas Elliman (Lindsay Barton Barrett, Bradley Rodenberg, Taylor Schultz) Sunday May 5, 2-3:30 p.m.
RIS Media
MAY 3, 2024
Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. -As economic signs remain stagnant or begin to worsen, the Fed decided once again to keep interest rates steady at the latest FOMC meeting. Many in the industry held an expectation for the central bank… The post Mortgage Mix: No Changes From the Fed as Mortgage Rates Worsen appeared first on RISMedia.
Bigger Pockets
MAY 3, 2024
After the National Association of Realtors agreed to pay $418 million and eliminate the 6% commission to settle the lawsuit against it, attention in some quarters is now being turned to the mortgage interest deduction.
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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