Housing Wire
SEPTEMBER 19, 2024
Real estate agents have white-knuckled their way through more than two years of suffocatingly high mortgage rates that have stymied sales, choked off inventory and pushed home prices to new all-time highs. So what was the reaction from agents when the Federal Reserve surprised everyone by cutting rates by 50 basis points rather than the 25 that was taken as a given?
Keeping Current Matters
SEPTEMBER 19, 2024
If you’ve been hesitant to list your house because you’re worried no one’s buying, here’s your sign it may be time to talk with an agent.
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Real Estate News
SEPTEMBER 16, 2024
Using the “one-third” formula, the plaintiffs’ lawyers are asking for more than $225 million from the two commissions settlements, plus other expenses.
Inman
SEPTEMBER 18, 2024
Clelia Warburg Peters, Era Ventures' founder, is the first woman to raise an initial fund of this size in the real estate category. The fund will distribute capital across various stages of innovation.
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Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.
RIS Media
SEPTEMBER 18, 2024
The Federal Reserve (Fed) has turned expectations into a reality, making its first interest rate cuts since the start of the pandemic. Against the backdrop of a cooling job market and cooling inflation, all Fed officials opted to lower the federal funds rates by half a percentage point—50 basis points—to 4.75% to 5%, making a… The post Fed Makes Aggressive Interest Rate Cut appeared first on RISMedia.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Keeping Current Matters
SEPTEMBER 17, 2024
Mortgage rates have hit their lowest point in over a year and a half.
Real Estate News
SEPTEMBER 15, 2024
In an effort to curb money laundering and other crimes, a federal agency has adopted rules for brokers and others involved in non-financed transactions.
Inman
SEPTEMBER 19, 2024
The two real estate platforms have been growing on the same trajectory at Keller Williams for more than a decade, their founders said, and during this challenging period in the industry, it made sense to combine forces.
RIS Media
SEPTEMBER 19, 2024
More signs point to more favorable housing costs this week as average mortgage rates continued to fall, following an aggressive half a point cut to interest rates announced by the Federal Reserve on Wednesday. The 30-year fixed-rate mortgage (FRM) averaged 6.09% this week, down from 6.20% last week, according to the latest Primary Mortgage Market… The post Mortgage Rates Continue to Fall, Driving Activity for Purchases, Refinances appeared first on RISMedia.
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As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.
Housing Wire
SEPTEMBER 19, 2024
Like the traditional forward space, the reverse mortgage industry has been operating in an elevated interest rate environment for some time. While news of the Federal Reserve lowering its benchmark interest rate by 50 basis points (bps) to a range of 4.75% to 5% will have wider economic ramifications in the government’s ongoing efforts to fight inflation, there are expected benefits to the reverse mortgage business as well as the demographic it serves: seniors on a fixed income.
Keeping Current Matters
SEPTEMBER 18, 2024
Even though affordability is improving, buying a home can still feel tough right now.
Real Estate News
SEPTEMBER 19, 2024
A home’s layout and natural light are important, but a new survey reveals what people refuse to give up — and how many of them can stick to their budgets.
Inman
SEPTEMBER 18, 2024
Central bank policymakers drop short-term rates by 1/2 percentage point and signal more cuts ahead, but much of the impact may already be priced in to mortgage rates.
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RIS Media
SEPTEMBER 18, 2024
Lone Wolf Technologies announced that it continues to demonstrate its agent support with the launch of its Buyer’s Agent Club. This initiative comes as a direct response to the recent industry shift regarding agent compensation. The Buyer’s Agent Club is designed to empower agents with the tools, resources, and knowledge needed to navigate the evolving… The post Lone Wolf Offers More Agent Support With New Buyer’s Agent Club appeared first on RISMedia.
Housing Wire
SEPTEMBER 19, 2024
With home sale prices continuing to rise, wire fraud prevention firm CertifID announced Thursday that it is increasing its direct, first-party insurance coverage maximum to $2 million. This means that up to $2 million of a wire transfer verified by CertifID can receive direct, first-party insurance coverage. The company said this change is the result of increasing transaction sizes being processed by both residential and commercial real estate companies, and that it “is backed by the largest ins
Keeping Current Matters
SEPTEMBER 16, 2024
A shift is underway in the housing market this season.
Real Estate News
SEPTEMBER 18, 2024
The board took an aggressive approach with its 50-basis point cut, and signaled that two more cuts are coming this year.
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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.
Inman
SEPTEMBER 18, 2024
There are now more than two dozen named plaintiffs in an antitrust case against the parent company of Howard Hanna, several of them also plaintiffs in other buyer commission suits.
RIS Media
SEPTEMBER 18, 2024
Above: Andy Florance and John Featherston Photo Credit: AJ Canaria Against a backdrop of industry disquiet over foundational changes to residential real estate post-mandate, CoStar Founder & CEO Andy Florance took the stage at RISMedia’s 36th Annual CEO & Leadership Exchange earlier this month for a one-on-one conversation with RISMedia Founder & CEO John Featherston… The post Moving Past the ‘Bad Internet’ appeared first on RISMedia.
Housing Wire
SEPTEMBER 15, 2024
An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s review the data together. Purchase application data First, purchase apps is the fastest way to look for positive or negative data at higher or lower mortgage rates.
Brownstoner
SEPTEMBER 19, 2024
The pictures aren't great but this prewar HDFC co-op offers a lot of space for the moolah. The two-bedroom walkup is on the third floor of 110 Cambridge Place in the Clinton Hill Historic District. Originally known as The Wyoming, it was built in 1914 along with its neighbor, The Montana,… Read More > The post Clinton Hill HDFC Co-op With Dining Room, High Ceilings Wants $675K appeared first on Brownstoner.
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.
Real Estate News
SEPTEMBER 19, 2024
Alabama Realtors wants members to have “greater flexibility” with their dues dollars. Without it, NAR faces legal risk and could “lose these members forever.
Inman
SEPTEMBER 18, 2024
Even before the commission crunch, real estate agents have struggled to make ends meet. Through brokerage partnerships, Upfront aims to ease access to credit for working agents.
RIS Media
SEPTEMBER 18, 2024
Ahead of today’s highly anticipated rate cut by the Federal Reserve, applications for home purchases saw a significant increase last week, their fourth straight week of increases. The Mortgage Bankers Association’s (MBA) reported that home purchase applications increased 14.2% from the previous week’s 1.4% increase, according to its latest Weekly Applications Survey for the week… The post Mortgage Applications Surge This Week appeared first on RISMedia.
Housing Wire
SEPTEMBER 15, 2024
In what has become a familiar fall ritual, mortgage lenders are increasing their conforming loan limits months ahead of the FHFA’s official announcement. On Friday, Rocket Pro TPO and Pennymac both announced an increase in their conforming loan limits to $802,650 — before the expected increase by the FHFA in November. Rocket’s increase was effective Friday and Pennymac’s increase will be effective for new broker locks on Monday, Sept. 16.
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BubbleInfo
SEPTEMBER 18, 2024
The new rules don’t allow the MLS to publish on active listings how much buyer-agent commission is being offered by the seller and listing agent. But in a strange quirk, the CRMLS – the biggest MLS in California covering about half of the state – now requires that when marking a listing sold, the listing […] The post Concessions Paid After One Month first appeared on bubbleinfo.com.
Real Estate News
SEPTEMBER 13, 2024
The pre-sale renovation company, which got early support from NAR, also will change its marketing and be more transparent about its deals with agents.
Inman
SEPTEMBER 19, 2024
"It is time to allow members the ability to choose where they allocate their membership and dues dollars between the local, state and national levels," Alabama Realtors wrote to NAR on Tuesday.
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