Housing Wire
OCTOBER 3, 2023
Mortgage rates and bond yields kept rising Tuesday as the job openings unexpectedly increased more than anticipated. But is that job openings data legit today? And will job openings continue higher, pushing mortgage rates even higher in the future? I believe today’s job openings data needs some context, but it didn’t matter to bond traders as bond yields shot up after the report.
Keeping Current Matters
OCTOBER 3, 2023
During the fourth quarter of last year, some housing experts projected home prices were going to crash in 2023.
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Housing Wire
OCTOBER 3, 2023
eXp Realty is looking to get into the exclusives game. On Tuesday, the nation’s No. 1 brokerage by transaction side count announced the launch of eXp Exclusives , which will be open to eXp agents and their clients in the U.S. and Canada. Through eXp Exclusives, participants will be able to share off-market and pre-market listings with other eXp agents and their clients through a mobile app.
Real Estate News
OCTOBER 3, 2023
The companies announced a partnership that will allow listing agents to get offers on behalf of their sellers directly through eXp's agent dashboard.
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Housing Wire
OCTOBER 3, 2023
U.S. home prices posted their biggest annual price increase since February 2023, reaching a 3.7% price gain in August, according to CoreLogic ’s August 2023 Home Price Index. While home prices ticked up 0.3% month-over-month and forecasters expect continued growth over the next year, there are some housing markets likely to see price drops. The median sales price for a U.S. single-family home did not budge in August, hovering at $375,000.
Real Estate News
OCTOBER 3, 2023
Bryon Ellington, who has held executive roles at Century 21, Anywhere and KW during his 20-year career, will lead training and coaching initiatives.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Inman
OCTOBER 3, 2023
The antitrust enforcer suggests the rule changes in the proposed deal don't go far enough. Plaintiffs' attorneys say the agency has failed to articulate its specific concerns.
Housing Wire
OCTOBER 3, 2023
As the commission lawsuits heat up, real estate brokers are gearing up to add buyer representation agreements and training, cut costs and hone value propositions, according to RealTrends Q4 2023 BrokerPulse survey. Only 1% of respondents say they are restructuring their compensation model. About 30% are shoring up agent training and consumer education, while another 25% are implementing buyer representation agreements and increased documentation.
Inman
OCTOBER 3, 2023
The homeseller plaintiffs agreed to a two-month extension of deadlines related to a proposed deal with MLS PIN after the federal agency asked for time to assess the deal's "competitive impact.
Housing Wire
OCTOBER 3, 2023
A little over a year after announcing its collaboration with Zillow , Opendoor is back at it with a new partner. The iBuyer announced that it was teaming up with eXp Realty on Tuesday. Through the partnership, Opendoor will be the primary cash offer solution powering eXp’s ExpressOffers platform and will provide integrated API tools. With this integration, eXp agents will be able to request a cash offer on qualifying homes on behalf of their clients directly through their eXp agent dashboard.
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
OCTOBER 3, 2023
Opendoor is now the primary cash offer solution behind eXp's ExpressOffers platform. Agents will soon be able to request a cash offer on qualified properties directly through an eXp dashboard.
Housing Wire
OCTOBER 3, 2023
New r ez has launched Onward Home Mortgage , a joint venture mortgage company in partnership with Keller Williams Georgia Legacy Group (GLCG). Through the partnership with agents at Keller Williams GLG, mortgage professionals at Onward Home Mortgage and Newrez will target borrowers in the Southeast United States. “This is a marriage of outstanding organizations that will now grow even stronger.
Inman
OCTOBER 3, 2023
In a separate announcement, San Diego-based fintech announces launch of new real estate brokerage, Splitero Homes, to help homeowners in four states "sell for the highest price.
Housing Wire
OCTOBER 3, 2023
HousingWire recently spoke with Ashley Terrell, chief revenue officer at Milestones , about the value of real estate agents and why it is critical for the industry to start helping buyers’ agents justify their value not only during the 30-60 day transaction period but through the 7-10 year period of homeownership. HousingWire: The current multibillion-dollar class action antitrust lawsuits aim to have buyers pay their own real estate agents.
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Inman
OCTOBER 3, 2023
Is the tide going in or out on your real estate business? Are you planning for the market waves and how they'll affect your future? Team leader Carl Medford helps you read the signs and plan for what's next.
Housing Wire
OCTOBER 3, 2023
As housing inventory builds in the housing market due to waning buyer activity, home prices show little to no signs of letting up. And that’s creating more affordability headaches for homebuyers who are already sidelined by high mortgage rates. For my full analysis of this week’s housing data, watch the 11-minute video above. Don’t have time?
Inman
OCTOBER 3, 2023
Seventy-three percent of the more than 900 real estate investors who responded to a recent Bloomberg survey said commercial real estate prices would fall through at least late 2024.
Housing Wire
OCTOBER 3, 2023
Los Angeles-based rental management software provider RentSpree has launched a reporting feature called Credit Builder, which will facilitate reporting online rent payments to the credit bureaus. In June 2022 , Freddie Mac authorized on-time rental payments to be included in its underwriting system. In doing so, the government-sponsored enterprise hoped to widen access to homeownership for people with no to little credit history.
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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.
Inman
OCTOBER 3, 2023
A group that disapproves of Perry's recent real estate deals is advocating for the launch of the Protecting Elder Realty for Retirement Years Act or the "Katy PERRY Act," which seeks to put measures in place to limit risks of elder financial abuse.
Housing Wire
OCTOBER 3, 2023
Most brokerage leaders know about the multiple challenges facing the real estate industry, not the least of which are the major class-action lawsuits. A major consequence of these cases is the potential scrapping of guaranteed shared compensation. It seems a small share of the agent population even knows about this issue, and even fewer can loosely tell you what the potential outcomes are.
Inman
OCTOBER 3, 2023
In his latest Snapshot, Brandon Doyle interviews author, instructor and coach Peter F. Porcelli Jr. about mastering the real estate basics.
Housing Wire
OCTOBER 3, 2023
Since acquiring Homes.com in 2021 , commercial real estate giant CoStar Group has made it crystal clear that it was playing for keeps in the residential real estate market. In less than two and a half years, CoStar has taken Homes.com from a small player in the residential real estate portal space to the No. 2 most visited platform, now only behind Zillow.
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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.
Inman
OCTOBER 3, 2023
One of Keller Williams Realty's biggest franchise groups, Georgia Legacy Group, has teamed up with national mortgage lender and servicer Newrez to launch a joint venture, Onward Home Mortgage.
Housing Wire
OCTOBER 3, 2023
Qualia is stepping up its efforts against wire fraud. The closing software firm is launching Qualia Shield , a funding and disbursement product for title and escrow companies. Qualia on Tuesday said the new product provides closing agents with the ability to securely collect and share wire instructions with buyers and sellers, and it features systems for earnest money deposit collection, automated wire matching, wire-sending integrations, wire fraud detection , and seller ID verification. “
Inman
OCTOBER 3, 2023
Think a smaller firm can't compete with the huge institutional investors? According to Michael Zaransky, there's more to deal-making than the number on the bottom line.
Housing Wire
OCTOBER 3, 2023
Redfin put the real estate industry on notice Monday morning, announcing that it will require agents to cancel their National Association of Realtors membership where possible. While Redfin’s news certainly surprised the industry and seemingly drew a line in the sand, Joe Rath, the firm’s head of industry relations, said the decision was a long time coming.
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Bigger Pockets
OCTOBER 3, 2023
In just a few years, you can go from no cash flow or investing experience to owning a sizable real estate portfolio, with passive income flowing in and free rent, […]
RIS Media
OCTOBER 3, 2023
Southeast MLS Alliance has announced its formation as a data-share system with its four founding members being the largest multiple listing services (MLS) in their respective states. These include Canopy MLS, Charleston MLS, Georgia MLS and Realtracs in Tennessee. “It was time for like-minded MLSs in large markets across the southeast to come together and… The post Four Large Southeastern MLSs Form Alliance appeared first on RISMedia.
Lighter Side of Real Estate
OCTOBER 3, 2023
There are so many reasons people decide to move to an entirely different part of the country each year, such as: A new job or new position within their existing company Better weather More affordable homes Lower taxes To be closer to family and friends For a better quality of life or lifestyle they enjoy Safety and security That’s just a short list of potential reasons why 26% of homebuyers this year plan to move to an entirely different part of the country than they currently live, according to
RIS Media
OCTOBER 3, 2023
Three years after acquiring consumer residential portal Homesnap for $250 million, CoStar is now suing the company’s founders, claiming they stole company secrets and poached employees as they attempted to launch what appears to be a rival product. Filed last week in federal court, the suit names Guy Mazur, Thomas Goff, Guy Wolcott and Jeffrey… The post CoStar Sues Former Homesnap Executives for Theft of Secrets, Poaching Employees appeared first on RISMedia.
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