Keeping Current Matters
SEPTEMBER 12, 2023
If you're planning to buy a home, one thing to consider is what experts project home prices will do in the future and how that might affect your investment.
Housing Wire
SEPTEMBER 12, 2023
U.S. home price gains rose 2.5% year over year in July to mark the 138th straight month of annual growth. The annual acceleration reflects six consecutive monthly gains, which drove prices about 5% higher compared to the February bottom, according to CoreLogic ‘s Home Price Index. “Annual home price growth regained momentum in July, which mostly reflects strong appreciation from earlier this year,” said Selma Hepp, chief economist for CoreLogic.
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Real Estate News
SEPTEMBER 12, 2023
CoreLogic found home prices in July were 2.5% higher than a year ago, up from 1.6% appreciation in the spring.
Housing Wire
SEPTEMBER 12, 2023
The median asking rent in August was $2,052, just $2 below the record high set a year earlier. Instead of cutting rents, some landlords prefer to throw in one-time concessions to attract renters as vacancies rise, according to a new report from Redfin. “A year ago, you really didn’t see concessions in the market. Fast forward to today, and they are far more common, with landlords offering from one to three months free in an effort to attract new tenants without lowering their asking
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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 12, 2023
Bean Group, which serves Maine, New Hampshire, Massachusetts and Vermont, has joined eXp thanks to new incentives aimed at recruiting large teams.
Housing Wire
SEPTEMBER 12, 2023
With mortgage rates above 7%, historically low levels of housing inventory, defaults in commercial real estate, and a series of potentially onerous regulations to come, Mortgage Bankers Association President and CEO Bob Broeksmit said the trade group is doing all its can to influence policymakers. “MBA cannot control macroeconomic forces, but what we can do is make sure the actions of policymakers help our industry instead of hindering it at a crucial time,” Broeksmit said at the organization’s
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
SEPTEMBER 12, 2023
I read a Wall Street Journal editorial piece that cited a stat to say home prices are 13% below last year. That’s blatantly wrong. Home prices remain just fractionally above where they were a year ago. The point of the editorial seemed to be to scaremonger over government programs to help home buyers and student loan borrowers. If home prices are tanking, that means more borrowers are under water.
Real Estate News
SEPTEMBER 12, 2023
The $3 million settlement in the buyer-broker commissions lawsuit will now move forward following updates to the terms of the agreement.
Housing Wire
SEPTEMBER 12, 2023
Despite her initial misgivings , Boston U.S. District Court judge Patti Saris granted preliminary approval of MLS Property Information Network’s (MLS PIN) settlement agreement in the class action buyer-broker commission antitrust lawsuit. In court documents filed last Thursday, Saris approved the agreement, stating that the releases in the agreement were “fair, reasonable, and adequate to the Settlement Class.
Real Estate News
SEPTEMBER 12, 2023
A Zillow report found that new listings rose by 4% in August, an atypical late-summer boost that may offer buyers a few fresh options.
Speaker: Abdi Ali, Sr. Lease Accounting Consultant
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Housing Wire
SEPTEMBER 12, 2023
Another independent brokerage has chosen to align with RE/MAX. Yakima Valley, Washington-based The Real Estate Collective , is RE/MAX’s latest franchise, according to an announcement on Tuesday. The brokerage will now operate under the name RE/MAX The Collective. The new firm is owned by Haley Larson, who joined RE/MAX with her 17 agents. In 2022, Larson’s agents achieved $55 million in sales volume, according to the release.
Inman
SEPTEMBER 12, 2023
Luxury agent Shelton Wilder, CEO of the Shelton Wilder Group, joins Aaron Kirman at AKG | Christie's International Real Estate after closing $150 million in sales volume in 2022.
Housing Wire
SEPTEMBER 12, 2023
Shannon Hoff, a California-based branch manager at American Pacific Mortgage (APM), finds herself both enthusiastic and cautious as she assesses the prospects of the mortgage market in the coming year. After two of the most challenging years in recent history, economists and analysts project a shift in the mortgage market toward the end of 2023, Hoff said. “Lenders and loan officers right now are just in survival mode,” Hoff said in an interview. “But economists said mortgage r
Inman
SEPTEMBER 12, 2023
It's never too early to get a jump on long-term business and financial planning, sisters Amy Chorew and Maeda Palius write in their first column for Inman.
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Housing Wire
SEPTEMBER 12, 2023
Mortgage credit availability increased slightly in August but remained close to the very low levels last seen in January 2013, according a report from the Mortgage Bankers Association. Overall, an increase in the number of loan programs offering cash-out refinances and mid-range credit scores drove the uptick, said Joel Kan, MBA’s vice president and deputy chief economist.
Inman
SEPTEMBER 12, 2023
The LA luxury developer is being forced to sell the 27-acre site, which was slated for an elaborate mega mansion, after a creditor tried to foreclose on the property and Hadid filed a bankruptcy petition.
Housing Wire
SEPTEMBER 12, 2023
Fraud prevention tech firm CertifID just received a funding boost. The company secured $20 million in a Series B funding round, according to an announcement on Tuesday. The funding round was led by Arthur Ventures , which also led their Series A funding round in May 2022, which produced $12.5 million in funding. “CertifID is addressing a growing problem in an industry looking for modern solutions,” Patrick Meenan, the general partner at Arthur Ventures, said in a statement.
Inman
SEPTEMBER 12, 2023
Goldman Sachs economist Michael Murdoch criticized the Federal Reserve's rate strategy at Ben Kinney Companies' BuiltHOW conference on Tuesday and shared how upcoming policies could impact the 2024 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 12, 2023
Delta Media Group , a technology provider for real estate brokerages , launched a new CRM-based, all-in-one digital marketing platform called DeltaNET 7, the company announced on Tuesday. The new “made for mobile” tool leverages artificial intelligence and automation, allowing hyper-personalization for both the brokerage and customers, the company said in a statement.
Inman
SEPTEMBER 12, 2023
At $2,052, the median monthly rent remains near its all-time high. But builders are wrapping up construction on thousands of new units, and rents could start falling soon.
Housing Wire
SEPTEMBER 12, 2023
New York-based Mortgage Industry Advisory Corporation (MIAC) has agreed to settle with the Securities and Exchange Commission (SEC) over allegations of multiple compliance failures. The investment adviser and analytics firm will pay $100,000, according to the agreement made public on Monday. The case first started in 2006, when the SEC’s division of examinations received notice of some deficiencies at the company, among them failures to adopt and implement written compliance policies and
Inman
SEPTEMBER 12, 2023
The house was purchased from the television network HGTV for about 9 percent less than the network paid for it in 2018.
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Housing Wire
SEPTEMBER 12, 2023
Rent-to-own startup Divvy Homes issued pink slips to nearly 100 U.S. employees based in the company’s San Francisco, California headquarters as well as remote staff across the country, according to published reports. This is the third round of layoffs Divvy Homes had in 12 months as rising interest rates have made it challenging for the proptech startup that offers a path to homeownership via a rent-to-own program.
Inman
SEPTEMBER 12, 2023
The overlap in offerings will empower clients on both sides of the partnership, providing Local Logic users with granular insights on the financial aspects of homes within market reports.
Bigger Pockets
SEPTEMBER 12, 2023
If your end goal is financial freedom, investing in real estate is one of the best ways to get there.
Inman
SEPTEMBER 12, 2023
Although the timeline is uncertain, the nation's most populous state is on track to fall in line with 44 others that allow RON, a process that can speed real estate closings.
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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.
Seattle Times Real Estate
SEPTEMBER 12, 2023
The marquee of the Lusty Lady building in downtown Seattle, known for its cheeky messages, was taken down. Here’s what is being planned for it and the building.
Inman
SEPTEMBER 12, 2023
The L.A. City Council filed an emergency motion Friday to establish the home as an Historic-Cultural Monument to avoid demolition after thousands of concerned citizens registered their complaints.
RIS Media
SEPTEMBER 12, 2023
First of all, an all-cash offer to buy a house is a bit of a misnomer. If accepted, there will very likely not be suitcases stuffed with C-notes delivered to the seller at closing. No, bidding to buy with no financing is simply a come-on to owners who’d like to complete the transaction quickly and… The post The All-Cash Offer: Still a Home-Buying Slam-Dunk Strategy?
Inman
SEPTEMBER 12, 2023
Now that Anywhere has announced a deal on the bombshell commission lawsuits, it's time to take a look at the way you communicate with buyer clients moving forward. Trainer and author Bernice Ross offers a step by step guide to make sure you've got your bases covered.
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