Housing Wire
FEBRUARY 7, 2024
After closing out 2023 with its first annual membership decline since 2012, the National Association of Realtors is still struggling with its membership count. In January, NAR membership dropped 2.5% from the month prior to 1,515,837 members, according to the trade group’s monthly report released on Monday. This is down 2.1% compared to a year prior.
Real Estate News
FEBRUARY 7, 2024
Homes.com will run four new ads during the big event while Opendoor will livestream a real homeowner doing a virtual walkthrough during halftime.
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Housing Wire
FEBRUARY 7, 2024
U.S. home prices posted their highest yearly rate of appreciation since January 2023, reaching 5.5% year over year in December, according to CoreLogic ’s Home Price Index. Home prices declined by 0.1% compared to November 2023. Price appreciation slowed greatly over the past year to 3.9%, down from 14.5% in 2022, but is in line with the pre-pandemic rate of 3.9% in 2019.
Real Estate News
FEBRUARY 7, 2024
After six years on the island, broker Chris Speicher says the real estate business remains paralyzed, prompting his “heart-wrenching” decision to leave.
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Housing Wire
FEBRUARY 7, 2024
Mortgage demand picked up last week as lower interest rates steered homebuyers back into the market, but activity remains weaker than a year ago because of limited inventory. Mortgage applications increased by 3.7% during the week ending Feb. 2 on a seasonally adjusted basis, according to the Mortgage Bankers Association ’s (MBA) weekly mortgage applications survey.
Real Estate News
FEBRUARY 7, 2024
RealReports, which provides property information for all U.S. homes, says it can give agents a competitive edge.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Keeping Current Matters
FEBRUARY 7, 2024
On the road to becoming a homeowner? If so, you may have heard the term pre-approval get tossed around.
Housing Wire
FEBRUARY 7, 2024
It’s no secret that 2023 was a difficult year to buy a home. With mortgage rates briefly topping 8% and home prices breaking records throughout the year, many would-be sellers simply decided not to bother listing their homes, exacerbating already tight inventories. New data from the U.S. Census Bureau published last week shows how drastically housing inventory has changed since 2020, while weekly data from Altos Research offers some insights on where it goes from here.
Inman
FEBRUARY 7, 2024
Hawaii State Senator Brenton Awa has presented a bill aimed at banning foreign buyers from purchasing or investing in property on the island. The senator said the bill, if passed, would be an important to improving affordability for residents.
Housing Wire
FEBRUARY 7, 2024
Many factors prompt homeowners to relocate — and local laws and politics are increasingly among them. About one-third (32%) of real estate agents report having worked with at least one client who wanted to move for political reasons, according to a new Redfin report. Typically, housing affordability and proximity to family and job centers tend to rank high on the list of must-haves when choosing a destination to live.
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Inman
FEBRUARY 7, 2024
After picking up during the first three weeks of January, applications for purchase loans are contracting, with mortgage rates no longer in free fall from 2023 highs.
Housing Wire
FEBRUARY 7, 2024
New York-based Rithm Capital posted a profit in 2023, a year marked by several acquisitions that turned the company into a leading global asset manager. In the mortgage space, the parent of multichannel lender Newrez earned most of its profits from the servicing business. Lower interest rates, however, reduced the value of mortgage servicing rights (MSR) in the final three quarters of the year and affected the company’s overall performance during the period.
Inman
FEBRUARY 7, 2024
The FAB Property Group founder has been operating in the Austin luxury market for over 20 years and is in the top 0.25 percent of agents in the city.
Housing Wire
FEBRUARY 7, 2024
Longtime reverse mortgage industry professional Bruce Simmons of American Liberty Mortgage in the Denver area has long used radio as both an educational and marketing tool for prospective reverse mortgage clients. Having endured many of the same business challenges in 2023 as other industry participants, Simmons recently sat down with RMD and described how a recent shift in his focus on radio has been beneficial.
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Inman
FEBRUARY 7, 2024
Fannie Mae and Freddie Mac are offering a $2,500 credit that borrowers can put toward their down payment, closing costs, escrow or mortgage insurance premiums.
Housing Wire
FEBRUARY 7, 2024
Independent mortgage lender Embrace Home Loans has promoted Ryan “Buddy” Hardiman to the position of president, the company announced on Wednesday. Before the promotion, Hardiman served as the company’s senior vice president of retail and direct sales for more than four years. In his new role, Hardiman will lead its lending and fulfillment operations.
Inman
FEBRUARY 7, 2024
Watch the latest Inman Access class to hear what industry experts are prioritizing in 2024 and how the current market will impact or change the way they are approaching their business plans.
Housing Wire
FEBRUARY 7, 2024
California-based lender Summit Funding has appointed Thomas Yoon as the head of subsidiary Lead+ Wholesale Lending, the company announced on Wednesday. In his new position, EQA Mortgage ’s former president will strive to bring unmatched support to mortgage brokers who sell non-QM products. “It’s not just about offering non-QM loans; it’s about providing a foundation for brokers to confidently navigate this complex market,” Yoon said in a statement.
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.
NAR: Economic Outlook
FEBRUARY 7, 2024
Buyers of New Homes Want Agent Representation New home buyers value agents' help in understanding the buying process, helping with negotiation, and shortening home search time.
RIS Media
FEBRUARY 7, 2024
We’re still in the throes of winter, mortgage rates are still more than double what they were during 2020-21, and listings are few and far between, but brokers are telling RISMedia that an early seasonal rebound is already here as consumers adapt their behavior to a post-pandemic new normal. With the RISMedia Broker Confidence Index… The post Confidence in 2024 Surges as Brokers Shake Off Winter Blues appeared first on RISMedia.
Propmodo
FEBRUARY 7, 2024
We've said it before, and we'll say it again: it's the era of conversions. Perhaps no other solution to the question of what to do with empty office space has been more popular—or more debated—than turning offices into apartments. A number of the country's biggest cities have even rolled out incentives and programs to help […] Unlock unlimited access to all our premium content Start your trial for just $1/month.
RIS Media
FEBRUARY 7, 2024
In the dynamic world of real estate, discovering untapped opportunities is the key to success. One avenue worth exploring is expired listings. Tip: An expired listing is a property listing that has reached the end of its contractual agreement between the seller and the listing agent without resulting in a sale. When a property listing… The post Unlocking Opportunities: 3 Reasons To Pursue Expired Listings in Real Estate 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.
Bigger Pockets
FEBRUARY 7, 2024
As of the end of 2022, 100% bonus depreciation was set to be phased out by the end of the decade. Now, with the Tax Relief for American Families and Workers Act of 2024, it looks like we could see bonus depreciation and other benefits stick around. Here's what you need to know about the bill.
RIS Media
FEBRUARY 7, 2024
In an analysis released Feb. 5, following a 2.1% annual membership decline in January, National Association of REALTORS® (NAR) Chief Economist Dr. Lawrence Yun said in the comment section that it was mainly due to the housing market’s poor performance in 2023, and that hopefully the numbers will improve this year. “Membership figures were the… The post NAR Says Membership Losses Due Mostly to Market Conditions appeared first on RISMedia.
Seattle Times Real Estate
FEBRUARY 7, 2024
The ballot measure would tax businesses with employees making over $1 million and could raise as much as $50 million a year to go toward the acquisition and construction of affordable housing.
RIS Media
FEBRUARY 7, 2024
In another positive sign for a more robust spring buying season and shift in what has been one of the industry’s most challenging headwinds, homes listed for sale across the housing market grew by 7.9% over the same period last year, according to the latest Monthly Housing Trends report for January from realtor.com®. While inventory… The post Housing Inventory Continues to Climb, Growing for Third Straight Month appeared first on RISMedia.
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Eye on Housing
FEBRUARY 7, 2024
Per the Mortgage Bankers Association’s (MBA) survey through the week ending February 2nd, total mortgage activity increased 3.7% from the previous week, and the average 30-year fixed-rate mortgage (FRM) rate rose two basis points to 6.80%. The 30-year FRM has floated around 6.8% for much of the start of the year, only moving one basis point from January.
Bigger Pockets
FEBRUARY 7, 2024
A free lease template on a subreddit somewhere sounds like an appealing, low-cost option. But going the cheap route on your lease documents might actually cost you more than getting it right from the start. Here's how to do that.
Brownstoner
FEBRUARY 7, 2024
Work is almost complete on the borough's first supertall, The Brooklyn Tower, with facade installation wrapping up on the building’s double-height plinth and tenants and homeowners already taking up residence in the skyscraper that towers over it. On Tuesday, workers at 9 Dekalb Avenue were busy in the still-under construction section… Read More > The post Construction Wrapping Up at Brooklyn Tower as Podium Facade Installed, Move-ins Happening appeared first on Brownstoner.
RIS Media
FEBRUARY 7, 2024
From left, Kevin Sears, Jessica Edgerton and Bess Freedman An impressive group of real estate industry leaders touched on a variety of important issues during Lamacchia Realty’s Crush It In Real Estate/2024 Kick Off event Feb. 1 in Boston. New National Association of REALTORS® (NAR) President Kevin Sears talked about what’s happening at the association… The post NAR President, Industry Execs Offer Updates on Burnett and Best Practices Moving Forward 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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