RIS Media
AUGUST 7, 2023
Home prices have been a consistent thorn in the side of the housing market as of late. While amenities and designs keep advancing on homes that help to give reason to prices, size is something that is not helping the argument. Home sizes have steadily gone down since 2012, while home prices have consistently risen,… The post Home Prices Rise as Size Drops appeared first on RISMedia.
Housing Wire
AUGUST 7, 2023
I am going to be controversial here. The GSEs have become more aggressive in their levels of buybacks with lenders. I say this without the benefit of the specific data, and I would love to see some from Fannie Mae and Freddie Mac , or the FHFA , but in the absence of that, I have interviewed a wide variety of lenders, all IMBs, and the feedback is consistent.
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Real Estate News
AUGUST 7, 2023
A new Black Knight report reveals major gains in the Midwest and Northeast, signals an end to the U.S. housing correction.
Housing Wire
AUGUST 7, 2023
Home prices are going up across the country after slowing for more than a year, according to a new report from data and analytics company Black Knight. The report found that nationally, home prices in June rose by 0.67% month-over-month on a seasonally adjusted basis. Meanwhile, the annual home price increase was 0.8% in June, up from just 0.2% in May.
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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.
Keeping Current Matters
AUGUST 7, 2023
If you’re a homeowner, odds are your equity has grown significantly over the last few years.
Housing Wire
AUGUST 7, 2023
Since 2008, the number of private secondary mortgage providers has reduced dramatically, and those that remain in the market generally purchase jumbo loans from more affluent borrowers. Fannie Mae and Freddie Mac have been under government conservatorship since the beginning of 2008. Ginnie Mae is wholly owned by the federal government. This is important to note because most people believe that the government has no business competing with private enterprises unless it is there to serve segments
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
AUGUST 7, 2023
After failing to achieve its goal of remaining adjusted EBITDA positive in 2022 , analysts were unsure if Compass would make good on its most recent financial goal of becoming free cash flow positive in the second quarter of 2023. But the Robert Reffkin -helmed brokerage has proved the naysayers wrong, at least for now. During the second quarter of 2023, Compass recorded a free cash flow of $51 million, compared to a free cash flow loss of $59 million the prior quarter.
Real Estate News
AUGUST 7, 2023
SERHANT. partners with Constellation1; Chime integrates ChatGPT; HAR, AZ Realtors add accessibility tools; Christie's adopts Modwell; more.
Housing Wire
AUGUST 7, 2023
The Federal Trade Commission (FTC), Intercontinental Exchange Inc. (ICE) and Black Knight jointly stipulated to dismiss a federal court case against ICE’s $11.7 billion proposed acquisition of Black Knight, clearing a major regulatory hurdle that should allow the deal to go through. “The joint stipulation dismisses the federal complaint and dissolves the temporary restraining order that was previously in place, allowing ICE, Black Knight and the FTC to continue working toward a final settl
Real Estate News
AUGUST 7, 2023
The brokerage lost $48 million in Q2 — an improvement after substantial losses in Q1 — and the company emphasized its free positive cash flow.
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.
Housing Wire
AUGUST 7, 2023
Computer vision and AI solutions provider Restb.ai and Bradford Technologies announced their partnership at the Valuation Expo in Las Vegas on Monday. As part of the partnership, Restb.ai’s AI technology will be integrated into Bradford Technologies’ report quality control processes. By leveraging Restb.ai’s advanced computer vision and machine learning technology, Bradford aims to automate and strengthen quality control processes, including the detection of image issues such a
Inman
AUGUST 7, 2023
Panelists Joyce Rey and Paul Benson at Inman Luxury Connect in Las Vegas Aug. 7, shared how they make deals happen in a transitioning market.
Housing Wire
AUGUST 7, 2023
The decision to allow the ICE – Black Knight merger to proceed announces the digital integration of the real estate value chain anticipated for over 25 years. Digitization redraws industry boundaries and changes how the value of information is expressed, enriched and exchanged. The capital, capability and content are present to make all real estate markets smarter, faster, safer and connected.
Inman
AUGUST 7, 2023
Luxury agents can earn points for authenticity by giving clients a clear picture of prices today's housing market will bear as long as it's backed by data, experts said Monday at Inman Luxury Connect.
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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.
Housing Wire
AUGUST 7, 2023
Despite a harsh housing landscape, Rocket Companies , the parent of Rocket Mortgage , performed better than expected in the second quarter of 2022. When mortgage rates started climbing in the spring of 2022, Rocket, America’s largest mortgage originator as recently as a year ago, was forced to target the purchase market – not the lender’s traditional strength.
Inman
AUGUST 7, 2023
"Enough is enough," say some of the industry’s top female leaders and members of Awesome Females in Real Estate, who are putting the industry on notice about sexual harassment. Read their suggested solutions for inappropriate behavior.
Housing Wire
AUGUST 7, 2023
Here’s one for you: How many fintech companies does it take to reduce the cost to originate a loan? There’s no great punchline to throw in here — only the sobering fact that it cost a record high of $13,171 to originate a loan in the first quarter of 2023, according to Fannie Mae ’s recent lender sentiment survey. Still, the FHFA set out to answer this question by gathering more than 60 companies together in Washington, D.C. for the inaugural Velocity TechSprint in July.
Inman
AUGUST 7, 2023
Teams just scored the most sophisticated solution ever created thanks to the latest release by the newly combined Inside Real Estate and BoomTown teams.
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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
AUGUST 7, 2023
Even as mortgage rates climbed over 7% in the past six weeks, home prices have not declined. But, we can see slightly fewer purchases happening. As demand dips, the prices are not. As a result, the available inventory of homes for sale is slightly higher each week. Not a lot higher, but inching up. Mortgage rates are sitting at their highest levels in many years.
Inman
AUGUST 7, 2023
Luxury real estate has always been an “early adopter” of innovative design technologies, and its evolution has ramifications for the entire real estate industry. That’s why it’s so fascinating to watch the development of sustainable design.
Housing Wire
AUGUST 7, 2023
Things are continuing to heat up in Zillow Group’s legal battle with discount brokerage REX Homes , as the September 18, 2023, trial date looms ever closer. On Friday, Judge Thomas Zilly, the U.S. District Court judge in Seattle overseeing the lawsuit, issued a minute order denying in part and deferring in part Zillow’s motion for summary judgement in the case.
Inman
AUGUST 7, 2023
Joe Rath is Redfin's senior director of brokerage operations and head of industry relations. He shared thoughts on Clear Cooperation ahead of his appearance at Inman Connect Las Vegas.
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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.
Housing Wire
AUGUST 7, 2023
Encinal Terminals, a 32-acre plot of land that formerly operated as a shipping terminal on the north side of Alameda, California, will be developed into a new housing development in an effort to bolster the supply of one of the most expensive areas in the country. This is according to reporting at the Mercury News and the Alameda Post. In a deal brokered between the State of California ’s Lands Commission and the City of Alameda , the 32-acre area situated on Alameda’s north shore is now planned
Inman
AUGUST 7, 2023
In a down market, clients might not like what agents have to say. But they need to hear it anyway, Frances Katzen of Douglas Elliman and Rachel King of SERHANT. agreed at Inman Luxury Connect.
Bigger Pockets
AUGUST 7, 2023
The NAR reported last week that the housing recession has ended, and we've entered the recovery stage of the cycle. Are they right?
Inman
AUGUST 7, 2023
You've been dreaming of the lights and glamor of Las Vegas for months. Skim Inman's quick and handy guide to make the most of your time while at Luxury Connect in the Sin City.
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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.
Maximum Exposure Real Estate
AUGUST 7, 2023
Septic tank pumping is an essential part of maintaining a functioning septic system. Understanding how your septic tank works and the importance of regular pumping can prevent issues down the line. Signs of a full septic tank should not be ignored, as neglecting pumping can lead to costly damage. Proper maintenance, hiring professional septic services, […] The post What to Know About Pumping a Septic Tank appeared first on Maximum Real Estate Exposure.
Inman
AUGUST 7, 2023
Compass' 2Q revenue dropped 26 percent year over year to $1.5 billion, according to an earnings call Monday. Despite lower revenue, the brokerage reached free cash flow positivity and slimmed net losses.
Brownstoner
AUGUST 7, 2023
Looking back, Gloria Fischer had no idea what she was getting into buying the house in Prospect Park South. The singular bungalow, Fischer’s first home in Brooklyn, came into her life through a wrong turn taken by her husband in 1972. “A lot of people make a wrong turn and find… Read More > The post House Proud: A Singular Bungalow in Prospect Park South appeared first on Brownstoner.
Inman
AUGUST 7, 2023
Copper Beech Farm was originally listed for $150 million back in February. Despite a cut, the sales price still puts the estate within the five most expensive residential real estate transactions of 2023.
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