NAR: Economic Outlook
SEPTEMBER 13, 2023
Consumer Price Inflation, September 13, 2023 Overdoing the rate hikes, considering that inflation is likely to calm, will unnecessarily damage the economy.
Housing Wire
SEPTEMBER 13, 2023
The growth rate of inflation has been falling for a year, but mortgage rates are still near multi-decade highs. Why? While it is true that mortgage rates traditionally fall alongside inflation, I believed 2023 was going to be about the labor market. This was the core premise of my 2023 forecast, and so far it has worked. In my 2023 forecast , I set the range on the 10-year yield between 3.21%-4.25%, emphasizing that the bond yields can go lower than 3.21% only if the labor market breaks — which
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Keeping Current Matters
SEPTEMBER 13, 2023
Are you a baby boomer who’s lived in your current house for a long time and you’re ready for a change?
Housing Wire
SEPTEMBER 13, 2023
Local Logic , a location intelligence platform that digitizes the built world, has teamed up with Plunk , an AI-driven analytics company, to empower end-users with the technology and insights they need to accelerate and improve home purchase decisions, the company announced on Tuesday. Plunk’s AI-powered home analytics platform offers real-time insights into home valuation , risk assessment, and remodeling possibilities.
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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.
Real Estate News
SEPTEMBER 13, 2023
Some called the latest report “disappointing,” but economists still expect a downward trend in the months ahead.
Housing Wire
SEPTEMBER 13, 2023
New York-based mortgage platform Roam has secured a $1.25 million seed round, allowing the company to officially launch its services on Wednesday. Roam focuses on a distinctive niche within the mortgage industry: assumable mortgages. Tech executive and investor Keith Rabois at venture capital firm Founders Fund led the capital injection. It also included Opendoor co-founder Eric Wu , Culdesac CEO Ryan Johnson and #ANGELS founding partner Jana Messerschmidt.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
SEPTEMBER 13, 2023
New England-based independent brokerage Bean Group has made the leap to eXp Realty. It is the first brokerage to join eXp Realty through Boost, eXp’s newly released brokerage incentive program. Launched in June , the Boost program offers a simplified incentive model. Upon joining eXp Realty, new brokerages can immediately realize the benefits of the partnership, which include stock equity, elimination of overhead costs, minimized brokerage risk and liability, access to brokerage support an
Real Estate News
SEPTEMBER 13, 2023
A new Redfin survey found that a significant number of people who moved during the pandemic may need to move back, even if they lose money.
Housing Wire
SEPTEMBER 13, 2023
The last time mortgage demand was this low, Toni Braxton’s “Un-break my heart” topped the Billboard charts. For the week that ended Sept. 8, mortgage applications fell 0.8% from the prior week , according to data from the Mortgage Bankers Association. Mortgage applications decreased for the seventh time in eight weeks, down to the lowest levels since December 1996.
Real Estate News
SEPTEMBER 13, 2023
T3 Sixty CEO Jack Miller understands that budgets are tight, but investing in a conference is an investment in your business — if you're committed to learning.
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.
Housing Wire
SEPTEMBER 13, 2023
In its attempt to topple Zillow as the No. 1 listing platform , Realtor.com has launched a sell-side agent tool kit. Listing Toolkit is a subscription-based service that is now available to agents nationwide. “We’re on a mission to become the most valuable platform powering business growth for our agents and brokers,” Blake Elmquist, Realtor.com’s vice president of the seller category, wrote in an email.
Inman
SEPTEMBER 13, 2023
In theory, any government-backed FHA, VA and USDA loan is assumable, and with mortgage rates at levels not seen in two decades, interest in this little-used option has been growing.
Housing Wire
SEPTEMBER 13, 2023
The mortgage servicing rights (MSR) market has been very active this year, with robust deal flow that is on par with last year’s record $1 trillion in trading volume and with generally good pricing for MSR packages, industry experts agree. A fly in the ointment, however, particularly for some independent mortgage banks (IMBs), is the elevated risk of agency loan-repurchase demands — triggered by loans that violate Fannie Mae ’s or Freddie Mac ’s rep and warranty policies due to some defect d
Inman
SEPTEMBER 13, 2023
Demand for purchase loans picks up slightly, and mortgage rates continue to remain below 2023 peaks, as investors take latest inflation data in stride.
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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.
Housing Wire
SEPTEMBER 13, 2023
CAPE Analytics has unveiled a new, AI-powered , automated property condition report (aPCR) tool crafted for institutional lenders, whole loan investors, and real estate investors. This latest product uses computer vision to assess aerial imagery from airplanes and other sources and extracts information about property conditions, with a focus on marketability and property value , the company said Wednesday.
Inman
SEPTEMBER 13, 2023
2024 begins here. Inman Connect New York is a beacon for savvy real estate pros in their quest for elevated education, technology and sales development.
Housing Wire
SEPTEMBER 13, 2023
The National Association of Realtors (NAR) is navigating turbulent waters. Its president just resigned in the wake of an explosive New York Times exposé that detailed dozens of allegations of sexual harassment and a culture of fear and retribution. The trade group also faces two massive class-action lawsuits that could forever upend the agent commission structure , and is fighting a separate legal battle with the Department of Justice.
Inman
SEPTEMBER 13, 2023
Windermere Real Estate Chief Economist Matthew Gardner revealed to Intel why an inventory surge in the fall of 2022 may have been a blip — and what that might mean for the housing market.
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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 13, 2023
Digital closings could be coming to California , the country’s largest real estate market, within the decade. Gov. Gavin Newsom of California on Tuesday received a senate bill legalizing remote online notarizations ( RON ). He has until Oct. 14 to act on it. The senate bill, introduced by State Senator Anthony Portantino, would allow homebuyers, sellers and borrowers to close their home purchase or refinance transactions remotely.
Inman
SEPTEMBER 13, 2023
Home values are now 11.4 percent lower in Austin, Texas, than they were in Aug. 2022, Zillow said. Nationally, prices were up slightly from July to August.
Housing Wire
SEPTEMBER 13, 2023
Retail giant Amazon announced on Wednesday the launch of a new pilot program designed to assist moderate-income families in three different U.S. communities with the purchase of up to 800 homes, in partnership with the National Housing Trust (NHT). The initiative will include $40 million to assist residents in the Puget Sound, Washington , Arlington, Virginia , and Nashville, Tennessee communities, the company said.
Inman
SEPTEMBER 13, 2023
The popular social media page is getting its own nine-episode HGTV show, with eight half-hour episodes and an hour-long season finale.
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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.
Housing Wire
SEPTEMBER 13, 2023
The Consumer Price Index (CPI) increased 0.6% month-over-month and 3.7% year-over-year in August, the U.S. Bureau of Labor Statistics reported on Wednesday. It’s the second consecutive month of rising inflation, with the CPI having risen 0.2% in July. Core inflation, which excludes food and energy, rose 4.3% in August, down from last month’s 4.7% annual increase, but still well above the Fed’s 2% target.
Inman
SEPTEMBER 13, 2023
Now that Anywhere's tapped the first domino, what do you think will happen with the bombshell commission lawsuits?
Housing Wire
SEPTEMBER 13, 2023
Massachusetts -based boutique real estate firm Lindo Realty Group has joined the commonwealth’s top independent real estate brokerage, Jack Conway & Co. Prior to founding the Lindo Realty Group in 2018, Robbie Lindo worked at Jack Conway for more than a decade as a top salesperson and then as a manager. In 2016, he left to pursue his goal of running his own company.
Inman
SEPTEMBER 13, 2023
Commissions will take a hit from the seasonal real estate transaction fall-off. But unlike last year, home price growth may gain steam, according to an Intel analysis of housing market projections.
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Housing Wire
SEPTEMBER 13, 2023
The Appraisal Institute , the nation’s largest professional association of real estate appraisers, has launched a new program to increase the ranks of veteran and minority appraisers. The trade group received a $500,000 “Pathway to Success” grant from the Appraisal Foundation to assist with the development of the “Practical Applications of Real Estate Appraisal” program.
Inman
SEPTEMBER 13, 2023
The Consumer Price Index increased 0.6 percent in August, faster than the July rate of 0.2 percent, according to data released Wednesday.
Housing Wire
SEPTEMBER 13, 2023
Some have suggested that the market for growth through mergers and acquisitions has fallen significantly over the past year. While it is true that activity among the large national purchasers, such as Berkshire Hathaway , Peerage and Compass , have declined quite a bit, activity among privately held firms within the same market has not diminished nearly as much.
Inman
SEPTEMBER 13, 2023
Splitero CEO Michael Gifford explains how rising interest rates and limited housing inventory are intensifying the real estate "lock-in effect," leaving homeowners feeling trapped in their current properties. However increased home equity could offer some financial benefits and much-needed flexibility.
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