Inman
OCTOBER 19, 2023
If the 80-20 principle is correct, then agents must delegate tasks. But broker Nick Schlekeway says many agents have taken it too far. Here are the areas agents should stop delegating and personally handle with care.
Housing Wire
OCTOBER 19, 2023
The savagely unhealthy housing market continues to unfold as we approach Halloween. Sales are still falling, home prices keep rising, and inventory is still negative year over year. The core problem? Too many people chasing too few goods — and days on the market are still under 30 days. On top of all that, mortgage rates are now at 8%. It’s like we invited Freddy Krueger, Jason and Michael Meyers to come for a haunted housing market party.
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Keeping Current Matters
OCTOBER 19, 2023
Are you thinking about selling your house as a For Sale by Owner (FSBO)?
Housing Wire
OCTOBER 19, 2023
In late August, when mortgage rates were well over 7% and beginning their climb toward 8%, Jeff Anderson had a client do what few other homeowners are willing to do: She gave up her 4% mortgage rate. You’re probably thinking, “Uh, why on earth would she do that?” The client wanted to pay off $30,000 in consumer debt, handle home improvement projects and help her daughter start college, said Anderson, a longtime mortgage advisor in Southern California.
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Real Estate News
OCTOBER 19, 2023
The summer sales slump continued through September, marking the seventh month of negative sales movement this year.
Housing Wire
OCTOBER 19, 2023
Rates on the 30-year fixed-rate mortgage eclipsed 8% this week as the Treasury yield surpassed 4.9% for the first time since 2007, according to one index. Per Mortgage News Daily , mortgage rates touched 8.03% on Wednesday, up from 7.69% the previous week. HousingWire’s Mortgage Rates Center showed Optimal Blue ’s average 30-year fixed rate for conventional loans at 7.78% on Wednesday, compared to 7.52% the previous week.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
OCTOBER 19, 2023
Soaring interest rates and a higher-for-longer policy will take its toll on the economy, according to Fannie Mae ’s Economic and Strategic Research (ESR) group. “The cause of the recent run-up in long-term rates is multifactorial and likely includes some expectation of more resilient economic growth coupled with a higher-for-longer monetary policy stance from the Federal Reserve ,” the ESR group said in its latest economic commentary.
Real Estate News
OCTOBER 19, 2023
As mortgage rates continue to hit multi-decade highs, the industry waits to see how much it dries up demand.
Housing Wire
OCTOBER 19, 2023
In what could be an attempt to get ahead of changes that may be coming to the real estate industry, the Real Estate Board of New York announced some major policy changes this week, as first reported on by The Real Deal. Starting Jan. 1, REBNY rules will prevent the listing brokers from paying buyer agents and instead will require sellers to pay commissions directly.
Real Estate News
OCTOBER 19, 2023
September data from web traffic aggregator Comscore shows Realtor.com in second place and Homes.com coming in a close third.
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
OCTOBER 19, 2023
CoStar Group , the parent company of real estate data giant CoStar , has made an offer to acquire OnThe Market , the third most visited residential property portal in the United Kingdom. The announcement bolsters the claim that CoStar is “playing for keeps in the residential real estate market.” The company offered to acquire the U.K. portal for £1.10 per share in cash, amounting to approximately £100 million in total, according to the press release.
Inman
OCTOBER 19, 2023
The plaintiffs in a class action antitrust suit challenging the real estate industry’s commission structure took to the stand Wednesday and Thursday to make the case that the practice of homesellers paying buyer agents is “unfair.
Housing Wire
OCTOBER 19, 2023
Two of Berkshire Hathaway HomeServices Nevada Properties ’ top teams, The Mullin Group and The Blankfeld Group, have merged to create The Mullin Blankfeld Group. Together, they will boast a total of 42 real estate agents , serving clients across different neighborhoods and price points throughout the Las Vegas Valley. “Working together as one group combines a vast range of industry backgrounds that contribute to expertise in every category of real estate.
Inman
OCTOBER 19, 2023
Policy change is intended to help more first-time homebuyers, seniors, and inter-generational families tap the wealth building potential of homeownership.
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Housing Wire
OCTOBER 19, 2023
The third day of the highly consequential Sitzer/Burnett class action buyer broker commission lawsuit included a deep dive into the training materials used by various brokerages and the testimony of three of the named plaintiffs. Several industry executives, including Rene Galicia, the former director of MLS engage at the National Association of Realtors , and Rodney Gansho, the head of engagement at NAR, again appeared via video deposition, according to reports from Inman News.
Inman
OCTOBER 19, 2023
Home sales fell 2 percent between August and September and retreated 15.4 percent from a year ago as prices and interest rates climbed.
Housing Wire
OCTOBER 19, 2023
Existing home sales fell 2.0% in September from August , reaching a seasonally adjusted annual rate of 3.96 million, according to the National Association of Realtors. Compared to September 2022, existing home sales slumped 15.4%, down from 4.68 million in September 2022. Looking at the four major U.S. regions on a monthly basis, sales only picked up in the Northeast.
Inman
OCTOBER 19, 2023
As Sitzer | Burnett unfolds, the New York City trade association announced the upcoming rule change amid a nationwide reevaluation of buyer commission structures.
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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
OCTOBER 19, 2023
The Real Brokerage has appointed Christian Wallace as chief of integrated home services, the company announced on Thursday. Prior to joining the brokerage , Wallace worked at some of the leading companies in the industry, such as Rocket Homes , Better.com , Opendoor and Farmers Insurance. In this newly created role, Wallace will report to Real Chairman and CEO Tamir Poleg and will oversee Real’s consumer-facing products.
Inman
OCTOBER 19, 2023
Kansas City has apparently become the center of the world as the celebrated Chiefs tight end opted for a secluded property in a gated community in the city to facilitate quality time with the "Eras" tour star.
Housing Wire
OCTOBER 19, 2023
HousingWire Editor in Chief Sarah Wheeler sat down with Matt Lehnen, chief technology officer at Deephaven Mortgage , to talk about building a tech stack for non-QM loans. Lehnen has been at Deephaven for the past five years leading the technology team. Sarah Wheeler: What is DeepHaven’s philosophy on build versus buy? Matt Lehnen: It’s situational.
Inman
OCTOBER 19, 2023
Homebuyers are backing away from the market as mortgage rates continue to climb. But new listings aren't declining as quickly, Redfin reports.
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Housing Wire
OCTOBER 19, 2023
The inefficiencies of paper documents are undeniable. But when a mortgage lender, credit union, bank, title company or settlement service provider wants to transition away from paper closings , it can be hard to know where to start. DocMagic’s AutoPrep solution is the easiest step a lender can take to automate their eClosing process. It offers instant document e-enablement by leveraging cutting-edge AI, machine learning and powerful Optical Character Recognition (OCR) technology, instantly
Inman
OCTOBER 19, 2023
Learn how this broker combines the power of commitment and a relationship-driven approach to create exceptional outcomes for her clients.
Housing Wire
OCTOBER 19, 2023
Dallas-based United Real Estate is expanding its footprint in its home state. United Real Estate | DFW Properties is merging with Grapevine, Texas-based Insight Realty Network , according to an announcement on Thursday. The merger expands United Real Estate’s agent count to 830 in North Texas and 1,810 statewide. The merged firm, which will operate under the United Real Estate | DFW Properties name, will have agents based out of both United Real Estate’s Fort Worth office and the former Insight
Inman
OCTOBER 19, 2023
In announcing the $9 million settlement with the Florida lender, Attorney General Merrick Garland said DOJ "currently has over two dozen active investigations into redlining, spanning neighborhoods across the country.
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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.
RIS Media
OCTOBER 19, 2023
Basement bedrooms have become increasingly popular in modern homes. Whether you want to add extra living space or create a cozy guest room, transforming your basement into a bedroom can be fantastic. However, specific basement bedroom requirements must be met to ensure the safety and comfort of occupants. We will delve into the essential aspects… The post Basement Bedroom Requirements: Ensuring Safety and Comfort appeared first on RISMedia.
Inman
OCTOBER 19, 2023
The Coldwell Banker CMO sat down with Inman to discuss some of the highlights from the real estate company's Gen Blue event this year, which included a highly unscripted interview with NBA giant Shaquille O'Neal.
Brownstoner
OCTOBER 19, 2023
City agencies behind the design of the new 15-story, 1,040-bed Brooklyn Borough Jail in Boerum Hill have reneged on commitments made to the community during the land use review process, compromising the jail’s ability to integrate safely into the neighborhood, locals said at a community board meeting Wednesday night. Specifically,… Read More > The post City Backtracks on Key Commitments for New 15-Story, 1,040-Bed Boerum Hill Jail, Locals Say appeared first on Brownstoner.
Inman
OCTOBER 19, 2023
The shop, located in the northeastern corner of Massachusetts, serves homebuyers and sellers in Newburyport, Newbury, West Newbury, Amesbury, Ipswich, Southern New Hampshire and the New Hampshire seacoast.
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