Housing Wire
AUGUST 30, 2023
HousingWire Lead Analyst Logan Mohtashami appeared on CNBC‘s Squawk on the Street on Wednesday to talk about the health of the housing market , and more specifically about today’s pending home sales data. Mohtashami explained how demand for existing homes is still trending near 21st-century lows. As long as mortgage rates stay near 23-year highs, Mohtashami believes we will see softness in data.
Keeping Current Matters
AUGUST 30, 2023
Are you putting off selling your house because you’re worried no one’s buying because of where mortgage rates are?
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Housing Wire
AUGUST 30, 2023
Mirroring the trend for new home sales (+4.4%), pending home sales rose 0.9% in July, according to data released Wednesday by the National Association of Realtors (NAR). Year over year, pending home sales were down 14%, a smaller decrease than the 15.6% annual drop recorded in June. However, unlike the market for new homes , which has recovered convincingly above last year’s lows (+31.5%), pending home sales continue to lag behind year-ago levels (-14.0%).
Real Estate News
AUGUST 30, 2023
Pending sales in July rose a modest 0.9%, but that could reflect an extended homebuying season as inventory has stifled buying activity.
Advertisement
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.
Housing Wire
AUGUST 30, 2023
A couple of weeks ago, mortgage rates soared to a new 2023 high, reaching over 7% on a 30-year fixed-rate loan for the first time since November 2022. While higher rates are generally viewed with dismay, they often are the end result of a strong economy. Case in point, the private sector added 497,000 jobs in June — more than double many economists’ expectations — while compensation climbed 6.4% from a year ago.
Real Estate News
AUGUST 30, 2023
Emily Clark, president of Robert Paul Properties, discusses her top goals for the year and why agents should pay more attention to the industry.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Inman
AUGUST 30, 2023
To win approval from antitrust regulators for its merger with Intercontinental Exchange (ICE), Black Knight will sell two businesses to subsidiaries of Canadian-based software giant Constellation Software next month.
Housing Wire
AUGUST 30, 2023
Digital mortgage lender Better Home & Finance faces a $1.86 million suit for breaching advertising placement agreements with digital and print publisher Meredith Operations Corporation. Better failed to pay for two “insertion orders” – agreements where Meredith would place ads on its digital platforms in exchange for the mortgage lender’s fee – from the summer to the winter of 2022, according to a filing in the U.S.
Inman
AUGUST 30, 2023
After dipping to the lowest level since April 1995, applications for purchase mortgages edge up 2 percent week over week but are still down 27 percent from a year ago as mortgage rates retreat from 2023 highs.
Housing Wire
AUGUST 30, 2023
Mortgage applications for home purchases and refinances increased for the first time in five weeks but remain at low levels. For the week that ended Aug. 25, mortgage applications picked up 2.3% from the prior week , according to data from the Mortgage Bankers Association. “ Mortgage rates were mostly unchanged last week, with the 30-year fixed rate remaining at 7.31 percent – the highest since December 2000.
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.
Inman
AUGUST 30, 2023
Three months after a Texas judge sent former Keller Williams CEO John Davis' $300 million fraud suit against the franchisor to arbitration, Davis is back with new racketeering claims.
Housing Wire
AUGUST 30, 2023
Since last weekend’s New York Times exposé of alleged sexual harassment and a “culture of fear” at the National Association of Realtors (NAR), speculation about what happens next at the trade association has been in overdrive. HousingWire has heard from several sources that NAR, which serves more than 1.5 million real estate professionals , has planned an emergency leadership team meeting for Thursday, which may result in resignations.
Inman
AUGUST 30, 2023
From Janelle Brevard's harassment suit to the fallout that ensued following the resignation of National Association of Realtors president Kenny Parcell, stay up to date with NAR coverage here.
Housing Wire
AUGUST 30, 2023
Freddie Mac on Wednesday announced that company veteran Peter Lillestolen will serve as vice president, production and sales of Targeted Affordable Housing (TAH) at Freddie Mac Multifamily. Lillestolen, a 12-year veteran of the government-sponsored enterprise (GSE), has worked in multifamily in several different roles. He began his career there as an analyst in the Capital Markets division, later serving in various leadership roles on the production team.
Advertisement
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.
Inman
AUGUST 30, 2023
Real estate professionals are preparing for painful changes and the upending of the status quo if courts rule in favor of plaintiffs in two key lawsuits, a survey on commissions conducted by Intel shows.
Housing Wire
AUGUST 30, 2023
After stepping into his new position as CEO of Realtor.com in June, Damian Eales is already shaking up the industry with swift action and a bold expansion plan. Last week, at the Tom Ferry Sucess Summit in Dallas, Eales took the stage for a fireside chat with Ferry where he shared his vision for the company’s future and how it plans to supplant Zillow as the No. 1 real estate portal.
Inman
AUGUST 30, 2023
The arcane volunteer structure at the National Association of Realtors prevents proactive decision-making and erodes individual accountability, Brad Inman writes.
Housing Wire
AUGUST 30, 2023
Fast-growing firm The Real Brokerage is welcoming yet another top-performing agent to the company. Arizona-based David Newman and his 12-member team, David Newman Partners, are moving to The Real Brokerage, according to an announcement on Wednesday. Newman and his team serve clients in Phoenix, Scottsdale , Paradise Valley and Southeast Valley. According to the release, his team closed nearly 500 transaction sides worth roughly $300 million in sales volume in 2022.
Advertisement
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.
Inman
AUGUST 30, 2023
Richard E. Kellogg's text messages to a RE/MAX agent led to the evacuation of the agent's office. The Indiana suspect now faces intimidation charges in addition to fraud charges leveled in July.
Housing Wire
AUGUST 30, 2023
In the competitive world of real estate recruitment, brokerages fight for the attention and loyalty of talented agents who can drive their success. As the lifeblood of the industry, agents play an important role in attracting clients, closing deals and determining the ultimate profitability of a brokerage. For real estate firms, recruiting a high number of agents as well as recruiting the best-fit agents for your firm is the key to long-term success.
Inman
AUGUST 30, 2023
As the industry reels from The New York Times investigation into sexual harassment at the National Association of Realtors, Bernice Ross pored over the ever-changing response to the scandal.
Bigger Pockets
AUGUST 30, 2023
Great deals are great, right? But how much do you sacrifice when waiting for one? Sometimes, it might make sense to get an "okay" deal instead. Here's why.
Advertisement
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.
Inman
AUGUST 30, 2023
Building on upward momentum from June, pending home sales rose 0.9 percent in July even as analysts expressed doubt the rally would last, according to new National Association of Realtors data.
Bigger Pockets
AUGUST 30, 2023
As Hurricane Idalia barrages the Florida coastline, we've found the cities with a lower level of risk from natural disasters compared to the most at-risk markets.
Inman
AUGUST 30, 2023
Funds will go to short-term emergency rental assistance, eviction defense, tenant outreach and education, direct cash assistance for low-income seniors and individuals with disabilities, tenant protections and affordable housing development, according to reports.
Bigger Pockets
AUGUST 30, 2023
Jason Lee owns more rental properties than most full-time real estate investors.
Advertisement
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.
Inman
AUGUST 30, 2023
From financing to contingencies, Eric Bramlett walks you through creating a compelling contract to come out on top in multiple offer scenarios.
RIS Media
AUGUST 30, 2023
A mixed report on pending home sales to close out the summer offers a muddled picture of 2023’s slow season, as the forward-looking data on contract signings found transactions varied widely across the country. Overall, pending sales rose 0.9%, with the Midwest and Northeast experiencing decreases as the South and West saw increased signings. “The… The post Pending U.S.
Inman
AUGUST 30, 2023
Over the past six years, a mysterious entity known only as Flannery Associates quietly scooped up nearly $900 million in farmland outside the Bay Area. Now investors behind the plan have been revealed.
RIS Media
AUGUST 30, 2023
When you’re one of the chief executives of a real estate company that rockets in size from 139th to 6th in just a few years, you’re clearly doing something right. Or, actually, doing a lot right. Rick Haase, president of United Real Estate, agrees, while also stressing that it is a precise mindset that anchors… The post The United Real Estate M&A Strategies Propelling Its Phenomenal Growth appeared first on RISMedia.
Advertisement
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.
Expert insights. Personalized for you.
468 
Let's personalize your content