Housing Wire
JUNE 12, 2024
The Federal Reserve has some positive news about inflation as it heads into its June meeting on Wednesday afternoon. The Consumer Price Index cooled slightly in May, with the all items index posting a 3.3% annual increase before seasonal adjustment, according to data released Wednesday by the Bureau of Labor Statistics (BLS). This is down from a 3.4% annual increase in April.
Keeping Current Matters
JUNE 12, 2024
If you’ve seen the news lately about home sellers slashing prices, it’s a great example of how headlines do more to terrify than clarify.
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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.
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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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.
Inman
JUNE 11, 2024
The temporary rules were first announced in May ahead of Memorial Day and came in response to calls from Realtors who feared veterans would become less competitive in the new landscape.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
JUNE 11, 2024
The iBuying platform Offerpad and Realtor.com are teaming up. In an announcement on Tuesday, the firms said that Offerpad was integrating with Realtor.com. According to the release, the integration will allow Offerpad to provide a cash offer to more sellers and will extend Offerpad’s reach to a larger audience of potential sellers. “Over the past year, with all of the adversity happening for buyers and sellers and the industry in general, we have really been focused on trying to find buyers and
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.
Inman
JUNE 12, 2024
MLS PIN on Monday urged a district court to reject the Department of Justice's arguments against a settlement with homeseller plaintiffs in the Nosalek antitrust commission case.
RIS Media
JUNE 12, 2024
The Consumer Price Index (CPI), an inflation gauge measuring goods and services costs across the U.S. economy, was unchanged in May on a seasonally adjusted basis, after rising 0.3% in April, the U.S. Bureau of Labor Statistics reported June 12. After hitting a 40-year high of 9.1% in June 2022, inflation has slowed. But after… The post Inflation Unchanged in May; Neutral News for Potential Fed Rate Cut appeared first on RISMedia.
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Keeping Current Matters
JUNE 11, 2024
If homeownership is on your goal sheet for your future, you’re probably working on your savings.
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.
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.
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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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.
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.
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.
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.
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.
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.
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.
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.
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.
RIS Media
JUNE 11, 2024
Client loyalty is the cornerstone of a successful business, especially in the real estate industry. It’s the key to retaining clients over several years between transactions, and it presents the greatest opportunity for long-term growth. Moreover, the right client loyalty solutions can even lead to near-term listings. Yes, by focusing on client loyalty, you can… The post Effortlessly Tackling the Client Loyalty Challenge appeared first on RISMedia.
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.
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.
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.
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.
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.
RIS Media
JUNE 11, 2024
After taking home the top Rookie of the Year honors at RISMedia’s annual Power Broker event last November, Stacy Cole hasn’t let it go to her head. In fact, she says it’s the little everyday activities that combined with hard work and proper life balance, have added up to another successful year for her this… The post 2023 Rookie of the Year Updates on Her Year, Offers Inspiration for Next Honoree appeared first on RISMedia.
Housing Wire
JUNE 11, 2024
There is a large gap between how the American public feels about the business practice changes outlined in the National Association of Realtors’ nationwide commission lawsuit settlement agreement and how real estate professionals feel about them. According to a survey published by Clever Real Estate , 67% of the general public supports the changes, while 70% of real estate agents oppose them.
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