Fri.Nov 10, 2023

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All-cash transactions gain traction amid high mortgage rates: Redfin

Housing Wire

In September, all-cash purchases represented one-third of the U.S. home purchases, compared to 29.5% a year ago, according to a Redfin report. It’s the highest share of all-cash transactions recorded since 2014. Cleveland posted the highest share of all-cash purchases in September, reaching 49.2% of all transactions. West Palm Beach and Jacksonville in Florida followed with 49% and 46.2%, respectively.

FHA loan 468
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VA Loans Help Heroes Achieve Homeownership [INFOGRAPHIC]

Keeping Current Matters

VA home loans can help people who served our country become homeowners.

VA loan 356
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5 best practices for improving the home equity lending experience

Housing Wire

With soaring home prices and mortgage rates putting a damper on the market for new home loans and refinancing options, it’s a challenging time for homebuyers and lenders alike. But it’s not all grim news. While the current climate may be causing existing-home sales and inventory to fall, it’s driving renewed interest in home equity options. And that offers an incredible opportunity for banks and non-banks alike to improve their digital channels to better support home equity lending.

Lending 468
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Commissions verdict casts a long shadow over Q3 earnings

Real Estate News

Zillow, Redfin and CoStar assured investors that they can withstand “massive disruption,” while others discussed efficiencies and even some avenues for growth.

Investor 297
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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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Will falling mortgage rates entice potential homebuyers off the sidelines?

Housing Wire

Mortgage rates this week saw the biggest one-week decline in a year and potential homebuyers waiting for rates to drop responded, said Josh Mettle, division president and co-creator of NEO Home Loans. “I think we were up right around 15% increase in the number of initial mortgage applications. That doesn’t take into consideration the number of buyers that had already applied and were sitting on the sidelines.

Mortgages 459
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New lawsuits crop up to challenge agent compensation

Real Estate News

Cases in South Carolina, New York and Chicago pit consumers against NAR, REBNY, Keller Williams and other top real estate companies.

Agents 290

More Trending

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Brokerage on a mission gives millions back to military families

Real Estate News

In a Navy town, McKenzie Better Homes and Gardens Realty supports military families and veterans with more than the typical real estate services.

Brokerage 264
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Fidelity and Doma report Q3 title earnings

Housing Wire

Fidelity National Financial finished out third-quarter earnings reporting for the Big Four title firms this week, hosting its earnings call with investors and analysts Wednesday morning. While the firm’s title revenue was down 18% year over year to $1.9 billion, firm executives noted that it was in line with historical levels reported in 2018 and 2019.

Title 435
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Commission lawsuits are piling up. Keep track of them all right here

Inman

In the wake of the Sitzer | Burnett verdict, the number of bombshell lawsuits has rapidly multiplied — putting more pressure than ever on real estate's status quo. Here's a rundown of all the cases.

Brokerage 203
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Biden Administration Plans to Repurpose Commercial Properties Into Residential Units to Improve Affordability—Will It Work?

Bigger Pockets

Last month, the Biden administration announced a series of actions designed to facilitate the conversion of specific properties to improve affordability in several metros. Here are the details.

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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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This is your call to action: The new future of real estate starts now

Inman

Now is the time when connections serve as the bridge to the future. Inman Connect is more than a name; it's a call to action. It's an opportunity to collaborate beyond individual brands, connect ideas, forge partnerships, and navigate the transformative terrain of the real estate industry.

Branding 202
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Wells Fargo Warns of a 1980s-Style Recession—How Bad Could It Get?

Bigger Pockets

Several large banks are preparing for a recession, but this bank added context to what it will look like. Here's what they said.

Banks 133
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Lone Wolf’s marketing center released, 1st ‘new gen’ product

Inman

In the first release of its “next generation” of real estate software, Lone Wolf Technologies unveiled this week a multi-tiered marketing center.

Marketing 198
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10 Best Net Worth Trackers in 2024

Bigger Pockets

Tracking your net worth can help you make informed financial decisions. Here are the apps we'd recommend for real estate investors.

Investor 131
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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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‘Property IQ’ at the heart of Plunk’s latest integration

Inman

In what could be considered a no-brainer in terms of protech partnerships, users of BHR’s extensive home intelligence reports will see their industry IQ jump a few points with the addition of Plunk’s AI-powered market analytics.

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Is It Possible to Dollar-Cost Average Real Estate Just Like Stocks?

Bigger Pockets

Dollar-cost averaging isn't the most sexy thing in investing, but it's certainly a great way to build wealth. But can you do it in real estate?

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Better partners with Infosys to power mortgages for other lenders

Inman

Better, which has had a strategic partnership with Ally Bank since 2019, is looking to partner with more lenders by launching a white-labeled "mortgage-as-a-service" platform with Infosys.

Mortgages 192
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Rookie Reply: How to Find RARE Rentals by Buying Properties in Preforeclosure

Bigger Pockets

Finding an investment property in preforeclosure can feel like uncovering a diamond in the rough, as the seller may be more motivated to get a deal done faster and for […]

Marketing 130
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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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South Carolina homesellers latest in line to sue NAR, Keller Williams

Inman

A new commission lawsuit filed Monday seeking class-action status alleges sellers encountered "illogical, harmful, irrational and anticompetitive effects" of NAR's cooperative compensation rule.

Brokerage 190
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Real Estate Webmasters’ Global MLS Project Continues to Gain Momentum

RIS Media

On a mission to solve the global problem of consumer access and transparency in real estate, Real Estate Webmasters’ global MLS project continues to gain momentum, expanding even further with the addition of a new partner in Costa Rica. Market leader and luxury powerhouse 2Costa Rica Real Estate is the first company in Costa Rica… The post Real Estate Webmasters’ Global MLS Project Continues to Gain Momentum appeared first on RISMedia.

MLS 122
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New commission lawsuit targets REBNY and 26 companies in NYC

Inman

Homeseller Monty March filed suit in the Southern District of New York Wednesday, alleging REBNY rules in Manhattan kept commissions high and violated state and federal antitrust laws.

MLS 187
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Income to Afford ‘Starter Home’ Passes $100,000, NAR Data Shows

RIS Media

The challenge of housing affordability continues to grow to historic levels, according to the latest analysis by the National Association of REALTORS® (NAR), even as preliminary data from September showed a significant drop in prices, with a median single-family home falling below $400,000 for the first time since April. Additionally, the qualifying income for a… The post Income to Afford ‘Starter Home’ Passes $100,000, NAR Data Shows appeared first on RISMedia.

MLS 122
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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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Turn your database into an ATM. 6 rules to ENGAGE

Inman

Jimmy Burgess shares this step-by-step program to help you make the most of your sphere of influence and incoming leads so that you have a never-ending supply of real estate clients.

Agents 187
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The Best Cities for Veterans and Their Families

RIS Media

Transitioning into civilian life and a new career can be a challenge for veterans, especially in an economy and housing market filled with challenges of their own. When coming out of the military, where can veterans turn to in order to find good homes and environments to grow their lives and the lives of their… The post The Best Cities for Veterans and Their Families appeared first on RISMedia.

Marketing 122
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The verdict fallout: Inman’s Top 5 stories of the week

Inman

With Inman Top 5, you'll find the week's most essential stories, as chosen by our readers. Here are the most-read articles for Nov. 3-9, 2023.

Agents 183
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Luxury Real Estate Headlines: Second Week in November, 2023

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, and home. East Hampton, New York | Sotheby’s International Realty – Bridgehampton Brokerage The East Hampton abode is a 4,000-square-foot architectural triumph delicately tucked into a lush landscape. An Award-Winning Architect Designed This $12M Home in the Hamptons for Herself – Robb Report This Montana Mountain Estate Is a $4M Contemporary Dream House – Realtor.com $800,000 Homes in Rhode Island, Oregon and O

Brokerage 122
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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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‘Dancing with the Stars’ taught Mauricio Umansky to empathize

Inman

Of his recent six-week run on the reality dance competition, Umansky said he learned a lesson in empathy when it comes to teaching others a challenging new skill.

Agents 178
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Keller Williams Hires Former Solicitor General for Burnett Appeal

RIS Media

In the wake of the landmark Burnett verdict where the National Association of REALTORS® and big real estate companies were found to have violated antitrust laws, one defendant brokerage has decided to significantly bolster its legal team. Keller Williams, the real estate mega-franchisor that was on the wrong end of a $1.78 billion judgment in… The post Keller Williams Hires Former Solicitor General for Burnett Appeal appeared first on RISMedia.

Brokerage 122
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Brooklyn Botanic Garden Set to Shimmer With the Return of ‘Lightscape’

Brownstoner

By Kirstyn Brendlen, Brooklyn Paper The sprawling lawns and lush gardens of the Brooklyn Botanic Garden will become a glittering winter wonderland with the return of Lightscape on November 17. Now in its third year at the garden, Lightscape is a dazzling holiday lights show created by dozens of local and international… Read More > The post Brooklyn Botanic Garden Set to Shimmer With the Return of ‘Lightscape’ appeared first on Brownstoner.

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4 Money-Savers a Seller’s House Should Offer for Optimal Appeal

RIS Media

Money always matters for homebuyers, and never more so than these days, with inflation, soaring mortgage rates and tight inventory. Many buyer hopefuls have had to postpone their quest for the American Dream until the numbers work better. Those willing and able to buy now very likely have needs that must be met before they… The post 4 Money-Savers a Seller’s House Should Offer for Optimal Appeal appeared first on RISMedia.

Mortgages 120
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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.