Housing Wire

JUNE 6, 2024

Mortgage lending in the U.S. dropped by 6.7% in the first quarter of 2024 to 1.28 million mortgages secured by residential property, the 11th drop recorded in the past 12 quarters and the lowest level since the year 2000, according to the newest U.S. Residential Property Mortgage Origination Report compiled by data provider Attom. This decline contributed to a 4.8% reduction in residential lending activity compared to first-quarter 2023 and a 69.3% reduction since reaching a high point in 2021,

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Lending Mortgages Residential Loans 471

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 249

Industrial 249

Housing Wire

JUNE 6, 2024

Relitix’s latest release of the Agent Movement Index (AMI) for April 2024 reveals a surprising shift in the dynamics of real estate agents , indicating potential changes in market conditions and strategies among brokerages. Key Highlights from April 2024 AMI: Rise in Active Agents: The data show an unexpected increase in the number of active real estate agents.

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Agents MLS Brokerage Industrial 459

Real Estate News

JUNE 6, 2024

Several commissions-related milestones are coming up, starting with the NAR settlement opt-in deadline in less than two weeks.

Industrial 269

Industrial 269

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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.

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Housing Wire

JUNE 6, 2024

A private planning firm in California is launching a new tool to help local governments there prepare for a pending law designed to spur more construction of accessory dwelling units (ADUs). The Berkeley-based Community Planning Collaborative (CPC), a self-described “housing policy and ADU resource leader,” will start rolling out its ADU Plans Gallery this month.

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Construction Principal Design Equity 446

Real Estate News

JUNE 6, 2024

Despite an increase in supply, affordability continues to keep many buyers on the sidelines, and rates aren’t expected to fall significantly this year.

Mortgages 204

Mortgages Marketing 204

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.

Equity 248

Equity 248

Housing Wire

JUNE 6, 2024

Mortgage credit availability saw a slight increase in May, according to an analysis of ICE Mortgage Technology data by the Mortgage Bankers Association (MBA). The Mortgage Credit Availability Index (MCAI) rose by 0.1% to 94.1 in May. The index was initially benchmarked to 100 in 2012. The MCAI measures how tight or loose lending standards are in any given month.

Mortgages 426

Mortgages Lending Technology Loans 426

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 140

Marketing Renovation Industrial Agents 140

Housing Wire

JUNE 6, 2024

Just over a year after its further expansion into the reverse mortgage business, multichannel mortgage lender Guaranteed Rate has focused on bringing a wider swath of mortgage industry professionals up to speed with the dynamics of reverse , a trend that has unfolded in other parts of the industry as more forward lenders have expressed interest in the space.

Loan Officer 421

Loan Officer Mortgages Lending Loans 421

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Brokerage

RIS Media

JUNE 6, 2024

Of course you would like seller clients to have their homes professionally staged if you think it needs it. But sometimes homeowners will not want to spend the money or agree to make drastic changes to rooms, especially if they are living there. Creative agents can at least make suggestions that cost little, but either… The post 4 Easy Ways Sellers Can Stage Their Houses Themselves at Little Cost appeared first on RISMedia.

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Staging Agents Industrial 124

Housing Wire

JUNE 6, 2024

Bond credit-rating organization Moody’s Investors Service has reaffirmed its “above-average” rating for the reverse mortgage servicing performance of Celink , which is the current holder of the U.S. Department of Housing and Urban Development (HUD)’s Home Equity Conversion Mortgage (HECM) servicing contract and is a HECM subservicer for several major lenders.

Mortgages 417

Mortgages Investor Equity Finance 417

Inman

JUNE 6, 2024

Plaintiffs' lawyer Michael Ketchmark vowed legal action to enforce deal: "Anyone who thinks they can send a few emails or bury their head in the sand and avoid the application of the law is wrong.

MLS 127

MLS Agents 127

RIS Media

JUNE 6, 2024

The National Association of REALTORS® stated that its post-settlement practice changes “eliminate steering,” according to a recent update on the organization’s settlement FAQ page that addresses steering concerns. Steering concerns have been present in conversation since the commission lawsuits across the industry began. The argument presented in Burnett and many other cases is that when… The post Settlement Eliminates ‘Theoretical Steering,’ According to NAR appeared first on RISMed

Industrial 104

Industrial Agents 104

Advertiser: Trellis

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.

Loans

Inman

JUNE 6, 2024

The National Association of Realtors' Instragram post highlighting Pride Month has garnered nearly 900 comments — the majority of them against the LGBTQ+ community. The LGBTQ+ Real Estate Alliance has called on NAR to control the comments section and reprimand Realtors who've made discriminatory statements.

MLS 135

MLS 135

RIS Media

JUNE 6, 2024

The National Association of REALTORS® (NAR) had several major wins recently in the U.S. Supreme Court, advancing and protecting property rights around the country. Legal challenges in support of property rights are an important tool in public policy and advocacy, with decisions that have broad regulatory implications around the country. In 2023, NAR submitted two… The post NAR and Property Rights Win Big in Supreme Court appeared first on RISMedia.

Industrial 115

Industrial 115

Inman

JUNE 6, 2024

Realtors can now add information to help potential buyers search for homes that might meet their mobility needs. The new fields were added to the Nova Scotia MLS on Wednesday.

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MLS Brokerage Agents 138

RIS Media

JUNE 6, 2024

Mortgage rates pulled back again after creeping up over 7% last week, ticking down to just under, averaging 6.99% this week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday. This week’s numbers: The 30-year FRM averaged 6.99% as of June 6, 2024, down from last week when it averaged… The post Mortgage Rates Pull Back Again appeared first on RISMedia.

Mortgages 110

Mortgages Marketing Industrial 110

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Strategic real estate professionals know that the name of the game right now is to stay informed, adaptable, and ready to make confident decisions. In this free download, Inside Real Estate CEO, Joe Skousen, shares what he believes are the top 4 most impactful actions in real estate right now. We've been actively engaging with industry experts, analyzing data, and listening intently to the experiences of our agents on the ground.

Agents

Inman

JUNE 6, 2024

The design company's generative AI and 3D tech will now be available to 250 Christie's International Real Estate Masters Circle agents in the U.S. and all 3,500 agents affiliated with @properties.

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Agents Design Technology Brokerage 130

RIS Media

JUNE 6, 2024

Recently an op-ed was published entitled “How We Got Here,” and it was so one-sided I felt compelled to respond. If there is one lesson that should be learned about the real estate industry right now, it should be that we need to consider outside opinions. Now is not the time to retreat to our… The post Op-Ed: How We Really Got Here (A Response) appeared first on RISMedia.

Industrial 106

Industrial Agents 106

Inman

JUNE 6, 2024

Do you need some tough love to get you moving forward in your real estate business? Jimmy Burgess shares the advice that's helped him achieve the greatest success in his career.

Brokerage 127

Brokerage Agents 127

Eye on Housing

JUNE 6, 2024

Despite higher mortgage rates, limited resale inventory and strong growth in demand continued to put upward pressure on house price appreciation. House price appreciation was recorded in all 50 states and the District of Columbia. According to the quarterly all-transactions House Price Index (HPI) released by the Federal Housing Finance Agency (FHFA), U.S. house prices.

Finance 113

Finance Mortgages 113

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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.

Sales

RIS Media

JUNE 6, 2024

Nationwide, 6.4% of homesellers cut their asking price during the four weeks ending May 26 on average, the highest share since November 2022, according to a new report from Redfin. The median asking price dropped roughly $3,000 to $416,623 in the last week, the first decline in six months. Additionally, for-sale supply is growing more… The post Report: Sellers Cutting Prices at Highest Rate Since 2022 appeared first on RISMedia.

Sales 106

Sales Industrial Mortgages Marketing 106

Seattle Times Real Estate

JUNE 6, 2024

“We did this with the expectation that we would only have to weather this high payment for a chunk of time,” says Steven Wolf, a 37-year old English teacher.

Marketing 113

Marketing 113

RIS Media

JUNE 6, 2024

While reflecting on the Memorial Day holiday, a time for remembrance and reverence, I am compelled to share a story that deeply moved me. It’s a tale that isn’t mine but one that resonates with the themes of leadership and sacrifice. Recently, I revisited a powerful talk from TED 2016, where Wes Moore—a former U.S.… The post Thoughts on Leadership: Reflecting on Memorial Day appeared first on RISMedia.

Development 103

Development Industrial 103

Inman

JUNE 6, 2024

Find out how this Alaska broker went from personal struggle to professional success and how a major disaster led her to her current company.

Brokerage 127

Brokerage 127

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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.

Agents

RIS Media

JUNE 6, 2024

Editor’s Note: The Buyer-Agent Playbook is a new iteration of RISMedia’s biweekly Playbook segment, specifically centering on buyer agency and how agents are navigating the changes and trends in a post-NAR-settlement environment. The series will provide brokers and agents with insights and information to ensure they not only survive but thrive in these challenging times.… The post Buyer Agent Playbook: Buyer Contracts as a Tool—Where Do You Write Your Value?

Agents 102

Agents As-is Development MLS 102

Inman

JUNE 6, 2024

Investigators searched the company's office as part of an inquiry into alleged apartment price-fixing in the multifamily industry.

Industrial 142

Industrial 142

RIS Media

JUNE 6, 2024

Anywhere Chief People Officer Tanya Reu-Narvaez Initially launched in 2019, Anywhere Real Estate concluded its latest “Week of Understanding” late last month, an event meant to embrace inclusivity in the realm of homebuying and selling across the industry and aiming to build a healthy company culture based on equality, including affiliated agents and franchisees alike.… The post Anywhere Touts Value of DEI, Engagement in Annual Gathering appeared first on RISMedia.

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Industrial Agents Equity 91

Seattle Times Real Estate

JUNE 6, 2024

For now, the details are sparse. It’s unclear when the new store may open and Trader Joe’s did not immediately return requests for comment.

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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