Trending Articles

article thumbnail

How housing credit is shaping housing inventory

Housing Wire

Housing credit channels directly impact housing inventory channels. What does that mean? Home prices escalated out of control after 2020 and when we look at why that happened, we can see that housing credit mattered more to inventory data than most people realize. Let’s see how this has played out in different stages of the economy. On March 18, 2020, purchase application data broke out to pre-cycle highs in demand.

Staging 432
article thumbnail

Homebuyers try to halt approval of commissions settlements

Real Estate News

Anywhere, RE/MAX and KW deals at risk after new documents reveal a plan to include immunity from buy-side lawsuits, plaintiffs in the Batton case allege.

239
239
Insiders

Sign Up for our Newsletter

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

article thumbnail

CoStar CEO on Matterport deal: Virtual tours, real advantage

Real Estate News

Andy Florance discusses the “transformative technology” and his plans to rapidly expand the company while rolling out generative AI features later this year.

article thumbnail

How Buying or Selling a Home Benefits Your Community

Keeping Current Matters

If you're thinking of buying or selling a house, it's important to know it doesn't just impact you—it helps out the local economy and your community, too.

213
213
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

Buyers seek surprise injunction to halt commission suit settlements

Inman

The plaintiffs in a suit known as Batton 1 have filed for a temporary restraining order preventing the final approval of the Keller Williams, Anywhere and RE/MAX settlements.

Brokerage 179
article thumbnail

Settlements Face 11th Hour Delay in Dispute Over Buyer Immunity

RIS Media

Plaintiffs in Batton, the largest commission-focused case filed by homebuyers, are seeking to delay approval of settlements that brokerages agreed to in cases filed by homesellers, according to a court filing today, claiming at least two companies are attempting to squeeze in immunity from buyer claims at the last minute. With the final approval hearing… The post Settlements Face 11th Hour Delay in Dispute Over Buyer Immunity appeared first on RISMedia.

Brokerage 113

More Trending

article thumbnail

Tips for Younger Homebuyers: How To Make Your Dream a Reality

Keeping Current Matters

If you’re a member of a younger generation, like Gen Z, you may be asking the question: will I ever be able to buy a home?

217
217
article thumbnail

‘Godspeed’: Enforcement of NAR settlement changes shifts to MLSs

Inman

At the Realtors Legislative Meetings earlier this week, MLS executives were told they would be responsible for making sure real estate agents and brokers follow the new commission rules.

MLS 160
article thumbnail

Investment Potential of a Condo vs. a House: A Comprehensive Comparison

RIS Media

Real estate remains a solid investment choice. It offers both rental income and the possibility of appreciation. However, deciding between investing in a condominium or a house depends on market trends, personal investment goals and the economic climate. I will provide a detailed comparison between buying condos and homes and evaluate their respective merits as… The post Investment Potential of a Condo vs. a House: A Comprehensive Comparison appeared first on RISMedia.

Marketing 124
article thumbnail

Did lower mortgage rates slow housing inventory growth?

Housing Wire

My model for inventory growth with higher mortgage rates came crashing down last week. After two weeks of significant increases , inventory growth slowed dramatically and is far from my 11,000-17,000 growth model with mortgage rates over 7.25%. Did the recent dip in mortgage rates play a role here or is this the average choppy weekly data we have seen in past years?

Mortgages 455
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

Judge denies effort to delay commissions settlement hearing

Real Estate News

Buy-side plaintiffs who claim the Anywhere, RE/MAX and KW deals go too far will still get their chance to make that argument in court May 9.

246
246
article thumbnail

What Is Going on with Mortgage Rates?

Keeping Current Matters

You may have heard mortgage rates are going to stay a bit higher for longer than originally expected.

Mortgages 249
article thumbnail

What if NAR went away? Examining the catastrophic potential

Inman

Although it may seem righteous to dismantle the institution that NAR has built, brokerage founder Sean Frank writes, the collapse of NAR would equate to the collapse of the modern real estate market as we know it.

Brokerage 164
article thumbnail

Industry Leaders Discuss AI at NAR Summit

RIS Media

At the 2024 REALTORS® Legislative Meetings on Tuesday, May 7, 2024, the “Emerging Business Issues and Technology Forum,” featured a panel of experts exploring how AI and augmented reality will shape the real estate industry. The panel was moderated by Julie Whitesell, chair of the Emerging Business Issues and Technology Forum and broker in charge… The post Industry Leaders Discuss AI at NAR Summit appeared first on RISMedia.

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

Rocket hires former Thomson Reuters, Intel executive as its first CTO

Housing Wire

Rocket Companies , the parent of Rocket Mortgage , announced on Monday that it has hired Shawn Malhotra, a former Thomson Reuters and Intel executive, as the first chief technology officer (CTO) in the company’s history. Malhotra will oversee, among other areas, the firm’s artificial intelligence (AI) development, data science, product engineering, technology operations and information security.

article thumbnail

Agents Decoded: Want to prove your value? Bone up on assumable mortgages

Real Estate News

Mortgage assumptions aren’t new, but they’re about to get a lot more popular because the math works for both sides of the closing table.

Mortgages 260
article thumbnail

What's Motivating Your Move?

Keeping Current Matters

Thinking about selling your house?

223
223
article thumbnail

Compass posts revenue spike and increases agent count in strong Q1

Inman

The real estate brokerage also managed to trim losses and achieved positive free cash flow for the first time ever in a first quarter, according to an earnings call Wednesday.

Agents 139
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

Lake Home vs Beach House: Pros and Cons of Each

RIS Media

When choosing a dream vacation home or a permanent residence, deciding between a lake house and a beach house is a common dilemma. If you have vacationed and enjoyed both, the decision could be challenging. Sometimes, when vacationing in either location for a short period, you may not think about the long-term consequences of ownership.… The post Lake Home vs Beach House: Pros and Cons of Each appeared first on RISMedia.

article thumbnail

U.S. hiring slowed in April, missing estimates

Housing Wire

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.

MLS 428
article thumbnail

NAR clarifies new rules for MLSs, agents — and extends deadline

Real Estate News

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.

MLS 264
article thumbnail

At 2022 Rates, 10 Million More Households Could Afford a New Home

Eye on Housing

According to the latest press release from Freddie Mac, the average rate on a 30-year fixed-rate mortgage has now risen to approximately 7.25%. As the data posted on NAHB’s priced-out web page shows, at this rate only about 27.5 million (out of a total of 134.7 million) U.S. households could afford to buy a median-priced.

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

NAR commission settlement rules will go into effect in August

Inman

The massive trade organization promised in March to make various policy changes as part of a landmark settlement. The rules will now roll out slightly later than expected.

Brokerage 172
article thumbnail

NAR Lobbyists Keep Long-Term Focus in Shadow of Settlement

RIS Media

Attendees walk past the REALTOR® logo Sunday at the Walter E. Washington Convention Center in Washington D.C. Three months ago, NextHome CEO James Dwiggins, speaking on an RISMedia webinar, took a forceful—and somewhat unexpected position—on controversies and questions currently dogging the National Association of REALTORS® (NAR). A vocal critic of the organization, Dwiggins took a… The post NAR Lobbyists Keep Long-Term Focus in Shadow of Settlement appeared first on RISMedia.

MLS 115
article thumbnail

NAR settlement terms slated to go into effect in mid-August

Housing Wire

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.

MLS 458
article thumbnail

Portals ‘should not work against outcomes’ the government seeks

Real Estate News

In a conversation with Real Estate News, Realtor.com CEO Damian Eales discussed NAR, the benefits of major rule changes and the role of home search sites.

196
196
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

Decades in the Making, Abolitionist Place Park Opens to Public

Brownstoner

Abolitionist Place park, a public park that commemorates Brooklyn’s abolitionist history, is finally open to the public after at least 20 years of planning, multiple controversies, several iterations, and many delays. The 1.15-acre park at 225 Duffield Street opened today, officials told Brownstoner Monday, with a ribbon cutting ceremony scheduled… Read More > The post Decades in the Making, Abolitionist Place Park Opens to Public appeared first on Brownstoner.

Design 108
article thumbnail

Plan if you must, but prepare for the unexpected

Inman

Real estate professionals have survived upheaval and change in the past, and we'll do so again, broker-owner Teresa Boardman writes, even if we don't yet know quite how.

MLS 168
article thumbnail

Report: The Best Time to Sell is in the First Half of the Year

RIS Media

While the market is still unsettled—especially in regards to the currently pending NAR settlement and the changes that will bring to the industry—home sales continue as always. However, sellers have lost a little bit of the upper hand in the market as of late when it comes to a housing market correction. For sellers looking… The post Report: The Best Time to Sell is in the First Half of the Year appeared first on RISMedia.

article thumbnail

Former top executive withdraws lawsuit against Better.com and its founder

Housing Wire

A former top executive at Better.com has voluntarily dismissed with prejudice a lawsuit filed about two years ago against the company and its leadership, including founder Vishal Garg , that accuses the defendants of violating labor and securities laws when pursuing the firm’s goal to go public. Attorneys for Sarah Pierce — Better’s former executive vice president for customer experience, sales and operations — and the defendants sent a stipulation of voluntary dismissal with pre

Investor 313
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.