Housing Wire

JUNE 11, 2024

The U.S. Department of Veterans Affairs (VA) on Tuesday issued a temporary fix that will allow homebuyers using VA loans to pay for their real estate agent’s commission — i.e., the buyer-broker fee. The change, a result of the National Association of Realtors’ (NAR) commission lawsuit settlement agreement , was anticipated late last month and commented on by Michelle Corridon, the deputy policy director at the VA.

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VA loan Loans Brokerage MLS 488

Keeping Current Matters

JUNE 10, 2024

If you’re considering selling your house on your own as a “For Sale by Owner” (FSBO), you want to think about if it’s really worth the extra stress.

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Agents Sales 249

Real Estate News

JUNE 10, 2024

Attorneys argue that if the federal agency wants to make policy changes, it should do so through the legislature, not an antitrust settlement.

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MLS 248

Inman

JUNE 11, 2024

There are several ways in which agents can prove just how much they're worth — and why anyone would want to sign a buyer-broker agreement and pay their commission.

Agents 186

Agents 186

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Agents

RIS Media

JUNE 11, 2024

MLS PIN, the Massachusetts-based listing service that has become a focal point of the Department of Justice’s (DOJ) interest in real estate commission practices, yesterday filed its long-awaited response to antitrust regulators as it urged a federal judge to reject DOJ arguments that “fail on their own terms” in a proxy battle over compensation structure.… The post DOJ Intervention Violates Free Speech, MLS Argues appeared first on RISMedia.

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MLS Agents 115

Housing Wire

JUNE 10, 2024

As baby boomers increasingly seek to age in place in their own homes — a scenario supported by both the preferences of older homeowners and the realities brought on by elevated mortgage rates — this is clashing with the desires of millennials who wish to enter the housing market, as the combination of limited inventory and high costs are keeping these buyers on the sidelines of the mortgage market.

Renovation 453

Renovation Mortgages As-is Marketing 453

Real Estate News

JUNE 11, 2024

The company is launching a new AI-backed home search that CEO Tushar Garg claims is “far ahead of everybody else” in terms of data and tech.

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Inman

JUNE 10, 2024

As compliance becomes even more top of mind for the industry, Realtracs CEO Stuart White writes, MLSs have an enhanced role as a reliable resource to support professionals in following developing processes and procedures.

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Development Industrial MLS Brokerage 180

RIS Media

JUNE 6, 2024

Are you wondering how to set an accurate price for a home in rough shape? Selling a house in poor condition presents unique challenges, primarily in setting a price that reflects its current state and potential market value. I will provide tips for effective pricing strategies for such properties, unpack the factors influencing their valuation… The post Pricing Strategies for Houses in Poor Condition appeared first on RISMedia.

Marketing 137

Marketing Renovation Industrial Agents 137

Housing Wire

JUNE 10, 2024

The path forward for the settlement agreements reached by Anywhere , RE/MAX and Keller Williams with the home seller plaintiffs in the commission lawsuits has become a bit murkier. Last week, two parties filed appeals with the Eighth Circuit Court of Appeals that seek to overturn Judge Stephen R. Bough’s May 9 decision to grant final approval of the three settlement agreements.

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MLS Agents As-is 441

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Loans

Keeping Current Matters

JUNE 5, 2024

If you’ve been looking for a home at the high-end of your market, but haven’t found the right one, you may have put your search on hold.

Marketing 229

Marketing 229

Real Estate News

JUNE 6, 2024

Watch the conversation with industry news leader Mitch Robinson as he offers advice for working with local news outlets to “tell your story in a proactive way.

Industrial 255

Industrial 255

Inman

JUNE 7, 2024

Four days after Bing Real Estate came under fire for its alleged co-opting of listing data from Zillow, Redfin and Realtor.com, Microsoft has removed for-sale listing data from its site.

Sales 192

Sales Technology Agents 192

Brownstoner

JUNE 7, 2024

On a recent Saturday, a crowd of around 50 people gathered outside 212 Jefferson Avenue in Bed Stuy to hold a mock trial against property speculator brothers Joseph and Elliot Ambalo, and others who target elderly or vulnerable homeowners in predominantly Black and brown neighborhoods. The mock trial, which included… Read More > The post Neighbors Organize Against Deed Theft, Call Out Investors Who Target Heirs appeared first on Brownstoner.

Investor 130

Investor Land 130

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Sales

Housing Wire

JUNE 8, 2024

Given last week’s surprising jobs report, how much longer will we have to deal with higher mortgage rates ? The labor data will be the key to answering that question. It’s essential to track the labor data along with inflation because the key to getting lower mortgage rates for longer lies with the labor data more than inflation. That makes this week another one to watch since we will have CPI inflation and the Federal Reserve meeting results on Wednesday.

Mortgages 488

Mortgages As-is Banks Marketing 488

Keeping Current Matters

JUNE 6, 2024

Many homeowners looking to sell feel like they’re stuck between a rock and a hard place right now.

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Equity 236

Real Estate News

JUNE 8, 2024

New additions to the National Association of Realtors’ settlement FAQ page reinforce the idea that the client comes first, not the commission.

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Inman

JUNE 11, 2024

Pennsylvania homeseller Spring Way Center is seeking to overturn the court approval of deals reached with Anywhere, Keller Williams and RE/MAX to resolve antitrust commission suits.

Brokerage 168

Brokerage 168

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.

Agents

Bigger Pockets

JUNE 10, 2024

According to the Insurance Information Institute, about one in 20 insured homes file a claim each year. And while some perils that cause the costliest damage are unavoidable, such as hurricanes, many can be mitigated through proactive measures.

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113

Housing Wire

JUNE 7, 2024

Home equity continued to rise in the first quarter of 2024 as residential properties with mortgages collectively gained $1.5 trillion in equity over the past year, according to a CoreLogic report released Friday. The average U.S. homeowner with a mortgage added $28,000 in equity during the year ending in March 2024 — the highest year-over-year increase since late 2022.

Equity 502

Equity Residential Mortgages Closing 502

RIS Media

JUNE 7, 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 reported by Freddie Mac, mortgage rates have “pulled back.” After being above 7% the final week of May, the first week of June saw the 30-year rate slip down to 6.99%, while the 15-year… The post Mortgage Mix: Rates Slightly Down, Memorial Weekend Saw Application Adjustment appeared first on RISMedia.

Mortgages 124

Mortgages Industrial As-is Technology 124

Real Estate News

JUNE 11, 2024

A temporary policy revision allows military borrowers to pay their agents, something that was previously prohibited under VA lending rules.

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Lending Mortgages Agents 218

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.

Agents

Inman

JUNE 8, 2024

Inman Connect is all about connecting. In fact, we’re famous for it. On this side of event planning, we have one goal in mind: to help the real estate industry connect with each other. Elevate your NOI (network of influence) at Inman Connect Las Vegas. Here's how.

Industrial 179

Industrial Brokerage Agents 179

Maximum Exposure Real Estate

JUNE 10, 2024

Do You Know How to Choose Your Realtor When Divorcing? No one gets married expecting a divorce – yet it happens to many people all the same. Your relationship with your spouse has ended, and you need to move on. When you own a house together, this can create some real difficulties. It would be […] The post Hire a Divorce Realtor When Divorcing appeared first on Maximum Real Estate Exposure.

Marketing 101

Marketing 101

Housing Wire

JUNE 7, 2024

Consumer attitudes toward the purchase of a home fell “markedly” in May, while the percentage of consumers who said it was a “bad” time to buy a home grew month over month from 79% to 86%, according to new survey data from government-sponsored enterprise (GSE) Fannie Mae. The Fannie Mae Home Purchase Sentiment Index (HPSI) decreased 2.5 points in May to 69.4, marking an all-time low in the measurement of consumer sentiment toward homebuying.

Mortgages 483

Mortgages Sales As-is Marketing 483

Marco Santarelli

JUNE 9, 2024

The FDIC Problem Bank List is a confidential list maintained by the Federal Deposit Insurance Corporation (FDIC) in the US. It identifies banks that are considered to be at risk of failing financially. Here's a breakdown of what it is and how it works: Confidentiality: The list itself is not publicly available, which allows the FDIC to work with troubled banks discreetly to help them improve their condition.

Banks 111

Banks Land As-is Residential 111

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Agents

Real Estate News

JUNE 11, 2024

A new survey of lenders reveals a 38 basis point difference between mortgage rates by state, which can mean hundreds of dollars a year for borrowers.

Mortgages 212

Mortgages 212

Inman

JUNE 10, 2024

Agents who rely on NAR primarily to protect their public image are less certain the trade group — which still enjoys broad approval — is a net positive for the industry, according to Intel poll results.

Agents 162

Agents Industrial Brokerage 162

RIS Media

JUNE 10, 2024

Between the critics who have promulgated accusations of real estate price-fixing and conspiracy, and the brokers who have long championed industry ethics and practices, there has been little room for agreement. But at least one thing appears to unite these two groups, according to RISMedia’s latest Broker Confidence Index (BCI). The process for agents to… The post Brokers Strongly Favor Raising Standards for Real Estate Licenses appeared first on RISMedia.

Industrial 113

Industrial Agents MLS Sales 113

Housing Wire

JUNE 7, 2024

Following a few days of declining bond yields and mortgage rates this week, the trajectory took a significant turn on Friday with the release of favorable labor data , sparking a notable increase in the 10-year yield, a key indicator for those in housing. The BLS jobs report shows the honey badger labor market woke up and once again chose violence this morning.

Mortgages 483

Mortgages Closing Land Construction 483

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Agents