Housing Wire
AUGUST 31, 2023
Mortgage rates ticked down modestly after job openings data for July came out yesterday, but rates remain elevated. Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.18% as of Aug. 31, down from last week ’s 7.23%. By contrast, the 30-year fixed-rate mortgage was at 5.66% a year ago at this time.
Real Estate News
AUGUST 31, 2023
NAR leaders affirmed Bob Goldberg as CEO during an emergency meeting days after the association’s president resigned following sexual harassment allegations.
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Housing Wire
AUGUST 31, 2023
The pile of lawsuits facing Gary Keller and the real estate firm he co-founded, Keller Williams , just got larger. Former KW CEO John Davis filed his second lawsuit against the firm on Wednesday in the Western District of Texas. In the filings, which name Keller Williams , Keller, former KW president Josh Team, Business MAPS Ltd. and Business MAPS Management LLC as defendants, Davis alleges that the defendants inflated key profitability metrics including company sales and profits to convince ind
Real Estate News
AUGUST 31, 2023
Following the Lahaina wildfires, "predatory capitalism" has taken hold in the historic community as locals are faced with the decision to rebuild or sell.
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Housing Wire
AUGUST 31, 2023
Adam Wiener, Redfin ’s president of real estate services, is leaving the brokerage after nearly 16 years of service, CEO Glenn Kelman announced in an email sent to employees on Tuesday. His last day at the company will be Friday, Sept. 8. During his tenure, Wiener first served as a product manager for agent tools. He then went on to run the partner program, analytics, marketing and a variety of new businesses.
Real Estate News
AUGUST 31, 2023
A survey of buyers found that trustworthiness and the ability to provide high-value services were key to landing — and keeping — them as a client.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
AUGUST 31, 2023
The 30-year fixed-rate mortgage averaged 7.18% this week, dropping for the first time in five weeks.
Housing Wire
AUGUST 31, 2023
Intercontinental Exchange (ICE) received the green light to move forward with its acquisition of Black Knight after the Federal Trade Commission (FTC) accepted a binding settlement. Under the agreement, both firms will divest Black Knight’s loan origination system (LOS) Empower business and product and pricing engine (PPE) unit Optimal Blue to a subsidiary of Constellation Software Inc, the FTC said in a release on Thursday.
Keeping Current Matters
AUGUST 31, 2023
Have you ever wondered how inflation impacts the housing market?
Housing Wire
AUGUST 31, 2023
Core inflation met consensus expectations today, with goods prices declining and shelter inflation continuing to moderate, said Zillow Senior Economist Orphe Divounguy. The personal consumption expenditures (PCE) price index, excluding food and energy, rose 0.2% in July after increasing 0.2% in June , the Commerce Department said Friday. Meanwhile, core PCE — the Federal Reserve ’s preferred inflation gauge — also rose 0.2% month-over-month.
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Inman
AUGUST 31, 2023
The company's quick turnaround of marketing assets is ideally designed to complement the urgency-based system 72SOLD leverages to promote listings, said co-founder of BoxBrownie Brad Filliponi.
Housing Wire
AUGUST 31, 2023
NexTier , the holding company of NexTier Bank , will acquire Mars Bancorp , the holding company of Mars Bank. Terms of the deal were not disclosed. The combined company and branch locations will operate under the NexTier Bank brand, both banks said in a release Thursday. With the acquisition, NexTier Bank will have total assets in excess of $2.6 billion.
Inman
AUGUST 31, 2023
Strategically positioning yourself and evaluating your performance with the metrics that matter will put you ahead of the competition, according to consultant Diana Zaya.
Housing Wire
AUGUST 31, 2023
New York-based asset management firm Sculptor Capital Management said Wednesday it rejected an improved bid from a group of investors. Sculptor said it still prefers the deal with Rithm Capital due to the closing certainty. “The Special Committee has not concluded that the Consortium’s most recent revised proposal constitutes a superior proposal or is reasonably expected to lead to a superior proposal (as defined in the Company’s merger agreement with Rithm Capital Corp.),̶
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Inman
AUGUST 31, 2023
The future is here, writes Jimmy Burgess, and AI is the vehicle. Take advantage of the opportunities it provides for smart growth in every area of your real estate business.
Brownstoner
AUGUST 31, 2023
Barely visible behind a screen of overgrown trees and shrubbery, the individually landmarked Elias Hubbard Ryder House is in jeopardy after a full vacate order was issued on the building earlier this summer. Unpermitted construction work compromised the footings of a rear sun room, causing a partial collapse and compromising… Read More > The post Unpermitted Work Threatens Stability of Landmarked Elias Hubbard Ryder House appeared first on Brownstoner.
Inman
AUGUST 31, 2023
Phoenix, Las Vegas and other Sunbelt metro areas saw the biggest slowdowns in investor activity as high rates and low demand cooled activity nationwide, according to reports.
RIS Media
AUGUST 31, 2023
Septic systems are essential for homes not connected to municipal sewage systems. Potential home buyers from properties with public sewers need to know there is a difference. Properly maintaining these systems is crucial to ensure their longevity and prevent costly repairs. Regular septic system maintenance, inspection, and tank pumping can help prevent backups, leaks, and… The post What to Do For Septic System Maintenance appeared first on RISMedia.
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.
Inman
AUGUST 31, 2023
In a memo to employees, Redfin CEO Glenn Kelman said the 15-year veteran of the company will serve as an advisor after his final day on Sept. 8. Redfin has no plan to fill the vacated position.
Coldwell Banker
AUGUST 31, 2023
Online voting honoring community service starts Aug. 31 The post Karen DeMarco is Finalist for National Association of Realtors® Good Neighbor Award appeared first on Coldwell Banker Blue Matter.
Inman
AUGUST 31, 2023
In addition to selling Empower and Optimal Blue, the FTC consent order would require ICE and Black Knight to seek prior approval before acquiring an interest in another loan origination system.
RIS Media
AUGUST 31, 2023
While still lingering around the 20-year-high level, the 30-year fixed-rate mortgage (FRM) averaged 7.18%, down just a bit from last week’s 7.23%, according to the latest Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac Thursday. This week’s numbers: 30-year fixed-rate mortgage averaged 7.18% as of August 31, 2023, down from last week when it… The post Mortgage Rates Take a Breather This Week appeared first on RISMedia.
Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.
In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.
Inman
AUGUST 31, 2023
Is this mini-floorplan a sign of "shrinkflation" in housing? This month, the internet weighed in on Lennar's idea of affordability at a tiny-home community in San Antonio.
RIS Media
AUGUST 31, 2023
With home prices and mortgage rates posing a hurdle to many homebuyers, not to mention other economic headwinds like inflation, there are a lot of markets left in the dust lately with very little activity. So where can homebuyers look for booming markets that have affordable prices and a good economic area? WalletHub’s new study… The post 2023’s Top 10 Best Housing Markets appeared first on RISMedia.
Inman
AUGUST 31, 2023
The Mark Seiden Real Estate Team is partnering with Howard Hanna Rand Realty, increasing the latter's influence north of New York City, according to an announcement.
HomeLight
AUGUST 31, 2023
Why do you think model homes sell so fast?” asks Laura Sanders , a 21-year veteran real estate agent in Coral Springs, Florida. “It’s because they’re staged. Sellers get the money they spend back and they sell quicker.” The stats validate that you’ll increase your odds of a quick, high-offer sale if you opt to stage your home. According to HomeLight’s Summer 2023 Top Agent Insights Report, well-staged homes sell for 18% more on average.
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Inman
AUGUST 31, 2023
Find out how this player from the international tennis circuit made the switch to the no-less-competitive real estate industry.
RIS Media
AUGUST 31, 2023
The September issue of RISMedia’s Real Estate magazine is now available, and not to be missed are several exclusive features, including an in-depth look at the current mortgage industry challenges and what experts feel are solutions, and not, for agents and clients to use. In addition, we look at ChatGPT and what opportunities it presents… The post The September Issue of Real Estate Magazine Is Now Live appeared first on RISMedia.
Inman
AUGUST 31, 2023
Tune in to this week's Inman Access classes as experts discuss how to better attract luxury buyers and sellers and what the future of innovation in the industry looks like.
RIS Media
AUGUST 31, 2023
The latest report on Personal Consumption Expenditures (PCE) showed prices climbing by 0.3% from last month, an expected but still potentially concerning increase in inflation as the Federal Reserve mulls its next move on interest rates. The PCE index, which is the Fed’s preferred measure of inflation, came in at 3.3% year-over-year, with core inflation… The post Inflation Nudges Up, Adding to Rate Worries appeared first on RISMedia.
Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty
The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.
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