Fri.Sep 01, 2023

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Why the Fed is celebrating after jobs week

Housing Wire

Jobs week cleared up the skies for the Federal Reserve members, who are smiling — big time — after a series of data lines gave them what they wanted: a softer labor market! While the labor market isn’t breaking , it has become more pliant in the data lines the Fed focuses on. After Friday’s jobs report , which had some one-time variables, we can say that the economy is heading into an area where the Fed will feel much more comfortable, and we should not have any more rate hikes.

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Homeowners Have a Lot of Equity Right Now [INFOGRAPHIC]

Keeping Current Matters

Your equity grows as you pay down your home loan and as home prices increase. With home prices rising again, your equity is getting an extra boost.

Equity 357
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Announcing the 2023 HW Insiders!

Housing Wire

In its 8th year, the HW Insiders program is spotlighting the talented operations professionals who are laying the foundation of success for their organizations. Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success. This year 75 honorees were honored as HW Insiders.

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NAR pocket listing case goes back to the courts on appeal

Real Estate News

A case filed by the Top Agent Network targeting NAR's Clear Cooperation policy was reinstated after previously being dismissed in 2021.

Agents 338
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The 2025 Real Estate Roadmap to Success

Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

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Airbnb listings plummet as New York cracks down on short-term rentals

Housing Wire

Thousands of New York City Airbnb listings are vanishing from the market as the city introduces some of the strictest regulations in the U.S. for short-term rentals. Starting on Sept. 5, hosts of short-term rentals will need to register with the city, The Wall Street Journal reported. Airbnb hosts will have to meet several new requirements, including not renting out an entire apartment or home; and being present during guests’ short-term stays.

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Ex-Zillow CEO: NAR lawsuits ‘a seismic event’ for agents, portals

Real Estate News

Spencer Rascoff said home search portals may need to pivot in a world where buyers agents are no longer paid via the listing agent’s commission.

Agents 317

More Trending

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ICE, Black Knight merger on track to close next week

Real Estate News

Following an FTC settlement in which Black Knight agreed to sell off a portion of its company, the deal is set to close on Sept. 5.

Closing 312
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Cerberus Capital Management to acquire Spring EQ

Housing Wire

New York-based investment firm Cerberus Capital Management has entered into a definitive agreement to acquire home equity lender Spring EQ , the companies announced on Friday. The terms of the deal were not disclosed. The transaction will allow Cerberus executives to realize new opportunities as demand for home equity solutions in the U.S. accelerates.

Equity 418
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People on the Move: Longtime Redfin exec departs

Real Estate News

Adam Wiener, Redfin’s president of real estate services and "moral compass," is leaving after more than 15 years with the company.

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August unemployment jumps to 3.8% as labor cools

Housing Wire

The pace of hiring continued to cool in August, with job gains of 187,000, which is lower than both the 204,000 monthly average for the previous six months and the 399,000 average of 2022, said Realtor.com Chief Economist Danielle Hale. Total nonfarm payroll employment increased by 187,000 jobs, just like in July , according to data released by the Bureau of Labor Statistics.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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NAR throws support behind Bob Goldberg in face of growing unrest

Inman

Support for the embattled CEO, who many expected to announce his early retirement as a result of a fast-moving harassment scandal, came late Thursday with a statement from new president Tracy Kasper.

MLS 205
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NAR throws support behind CEO Bob Goldberg at emergency meeting

Housing Wire

In the wake of the New York Times exposé , which revealed sexual harassment allegations and a “culture of fear” at the National Association of Realtors , the trade organization is throwing its support behind longtime CEO Bob Goldberg. In a statement confirming that a rumored emergency executive committee meeting had occurred on Thursday, newly appointed NAR president Tracy Kasper, who took the helm on Monday after Kenny Parcell’s resignation , said the executive committee was looking into polici

Equity 415
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How a typical Realtor rises through the ranks within NAR

Inman

The Realty Alliance CEO Craig Cheatham illuminates the frequently byzantine path many Realtors follow on their journey up the National Association of Realtors's formidable org chart.

MLS 197
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Pennymac, RoundPoint report data breach

Housing Wire

Pennymac Loan Services and RoundPoint Mortgage Servicing reported this week their customers were exposed to a data breach through the Sovos Compliance software , per filings with the Attorney General in California. Sovos, which provides services to financial companies, said that its vendor Progress Software had a vulnerability in its MOVEit Transfer application on May 31, 2023.

Principal 413
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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

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5 reasons it’s time to master the power of AI

Inman

Victoria Kennedy, CEO of Atman Real Estate, outlines the ways that AI is already reshaping the real estate industry. If you've been holding off on putting AI to work for your real estate business, the time has come to get off the sidelines.

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Short-Term Rentals Had a Great Summer—Here’s Where Investors Saw the Most Demand

Bigger Pockets

No "Airbnbust" this year. The short-term rental market had a great summer, and demand doesn't look like it's going anywhere anytime soon. These markets had the best jumps this summer.

Investor 136
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Zillow’s Listing Showcase product released to 6 more markets

Inman

The enhanced property marketing service from the industry’s most popular portal is offered under the company’s ShowingTime+ division, limited to select agents in each market, according to the company.

Marketing 197
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Rookie Reply: No Capital OR Credit? Get Deals Done with THIS Financing Tool

Bigger Pockets

Don’t have the capital OR credit to invest? Seller financing is a powerful tool that could allow you to score multiple real estate deals without ever going through a bank.

Finance 132
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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

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.

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Latest jobs numbers could be nail in the coffin for interest rate hikes

Inman

Mixed payroll and unemployment report sends long-term interest rates surging, but some analysts say the latest numbers reduce the odds of a September Fed rate hike.

Mortgages 190
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How Do Mortgage Pre-approvals Work?

RIS Media

An essential part of the home-buying process is getting pre-approved for a mortgage. When your lender has checked your finances, they will issue a pre-approval letter. You can use this letter to show sellers you are a serious buyer when you make an offer. A common question among buyers is how long it takes to… The post How Do Mortgage Pre-approvals Work?

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Productive.ai wins NAR Pitch Battle

Inman

Joseph Wihbey, Productive.ai's COO and head of product, took a different approach than everyone else in his pitch: he simulated a phone call with a potential client to show what the tool can do.

MLS 190
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How to Navigate Today’s Real Estate Market—Top Tips From Three Expert Investors

Bigger Pockets

The housing market is in an interesting spot and there is still a lot of economic uncertainty. With that said, here's what you can do to produce success.

Investor 131
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The Broker Action Plan for the Post-NAR Lawsuit Landscape

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.

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NAR, NAR, NAR: Catch up with Inman’s Top 5

Inman

With Inman Top 5, you'll find the most essential stories of the past week, as chosen by our Inman readers.

Agents 187
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The House of Mouse: Walt Disney’s Storybook Mansion Up for Rent

RIS Media

Property Highlights: Where: Los Angeles, California Listing Price: $40,000/month lease Features: Majestic 6,388-square-foot Tudor-style mansion with four bedrooms and five bathrooms. Added Appeal: Gated, private residence with park-like grounds and parking for 10-plus cars. For many folks, finding the perfect home can be nothing short of a fairytale—a dream that can now become a reality… The post The House of Mouse: Walt Disney’s Storybook Mansion Up for Rent appeared first on RISMed

Sales 125
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Leslie Clarke Team leaves William Raveis for Compass in Connecticut

Inman

Leslie Clarke and Jeannette Floto's team specializes in the upscale Westport and Fairfield County markets, according to an announcement. In 2022, the two-agent team closed $124.33 million in sales.

Closing 185
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10 Unexpected Things You’ll Go through When You Get Multiple Offers on Your House When Selling

Lighter Side of Real Estate

Everyone knows that dealing with multiple offers is stressful when you’re a home buyer… …but what’s not to love being a seller on the opposite end of the situation?! It’s the ideal situation, right? You put your house on the market, buyers fight over it, driving up the price, and all you have to do is pick the offer you like best! Voila! Piece of cake.

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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.

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Hiring is on the rise, but also worse than once thought. What gives?

Inman

Real estate didn't shed an unusual number of workers in August. But there are fewer jobs than it once seemed. Inman explains the paradox.

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Mortgage Mix: Black Knight Bought Out; China Chops Rates

RIS Media

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. –Rates remain stuck above 7% this week, despite a small decrease, with the 30-year fixed averaging 7.18%, according to Freddie Mac. -As China’s closely watched real estate crisis unfolds, banks are lowering existing mortgage rates… The post Mortgage Mix: Black Knight Bought Out; China Chops Rates appeared first on RISMedia.

Mortgages 116
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Insurers ‘dodged a bullet’ as Hurricane Idalia slams rural areas

Inman

Mortgage giants Fannie Mae and Freddie Mac outline relief for victims, including forbearance suspending mortgage payments for up to 12 months.

Mortgages 183
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NAR Stands by CEO Bob Goldberg Amid Controversy

RIS Media

Where do we go from here? This question often rattles around one’s mind after catalyzing events trigger a hard look in the mirror. The New York Times arguably held that mirror up to the National Association of REALTORSⓇ (NAR) earlier this week as the outlet delved into an alleged culture of sexual harassment perpetuated by… The post NAR Stands by CEO Bob Goldberg Amid Controversy appeared first on RISMedia.

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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.