Sun.Sep 15, 2024

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Lower mortgage rates attracting more homebuyers

Housing Wire

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s review the data together. Purchase application data First, purchase apps is the fastest way to look for positive or negative data at higher or lower mortgage rates.

Mortgages 515
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Involved in a cash sale? See if new rules affect you

Real Estate News

In an effort to curb money laundering and other crimes, a federal agency has adopted rules for brokers and others involved in non-financed transactions.

Sales 262
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Pennymac increases its conforming loan limit to $802,650

Housing Wire

In what has become a familiar fall ritual, mortgage lenders are increasing their conforming loan limits months ahead of the FHFA’s official announcement. On Friday, Rocket Pro TPO and Pennymac both announced an increase in their conforming loan limits to $802,650 — before the expected increase by the FHFA in November. Rocket’s increase was effective Friday and Pennymac’s increase will be effective for new broker locks on Monday, Sept. 16.

Loans 491
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Rightmove: estate agency stock hits new high as Autumn market accelerates

Estate Agent Today

Estate agency stock has hit a decade-high as falling mortgage rates boost buyer demand and have given sellers renewed confidence, Rightmove says.

Marketing 102
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The Broker Action Plan for the Post-NAR Lawsuit Landscape

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.

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AZ Housing Market Forecast 2025: Home Prices Will Rise

Marco Santarelli

The Arizona housing market forecast for 2025 suggests a blend of challenges and opportunities that could shape the dynamics of real estate in the Grand Canyon State. Currently, the average home value stands at approximately $431,492 , reflecting a 2.4% increase from the previous year. As we look ahead, the forecast indicates potential fluctuations in home prices with particular regions expected to perform differently.

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Mortgage rates have dropped, but homeowners are not moving

Seattle Times Real Estate

Interest rates have dropped, but homeowners are afraid to leave behind great deals they locked in years ago, tethered to their property by “the rate-lock effect” or “golden handcuffs.

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Rightmove launches Renovation Calculator

Estate Agent Today

Rightmove has launched a new tool to help people explore the added value that existing, or planned renovation works might have on a property.

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Top 10 Brooklyn Real Estate Listings: A Ditmas Park West Standalone With a Garage

Brownstoner

The most popular real estate listings on Brownstoner this week include a Carroll Gardens rental, a Cobble Hill row house, and a Park Slope brownstone. Popular listings were focused on the micro nabes of Flatbush this week. The least expensive property on the list is a Carroll Gardens rental at $6,800… Read More > The post Top 10 Brooklyn Real Estate Listings: A Ditmas Park West Standalone With a Garage appeared first on Brownstoner.

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Spicerhaart continues Eastern expansion with key promotion

Estate Agent Today

One of Spicerhaart’s most successful directors in its Lands and New Homes division has been promoted and given the opportunity to make one of the company’s key regions more successful.

Land 73
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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

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.

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Nominations Open for the 2025 Ivory Prize

GeekEstate

The nomination period for the 2025 Ivory Prize is now open! An applied academic institution at the University of Utah’s David Eccles School of Business, Ivory Innovations is dedicated to supporting innovative solutions in housing affordability. The 2025 Ivory prize will award $300,000 in prize money to winners in three areas of focus: Construction & Design, Policy & Regulatory Reform, and Finance.

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Women in Estate Agency launches leadership programme

Estate Agent Today

The Women in Estate Agency (WiEA) industry group has revealed details of its leadership training programme.

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China wants to replace Jeff Bezos as Musk’s greatest space threat

Seattle Times Real Estate

While China's space program has matched NASA with multiple landings on the moon and Mars, it hasn't kept pace by developing multiple-use rockets.

Land 64
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New chair named for influential parliamentary housing committee

Estate Agent Today

Florence Eshalomi has been voted in as chair of the Housing, Communities and Local Government Committee.

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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

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.

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Fed Interest Rate Cut Can Save You Hundreds of Dollars Per Month

Marco Santarelli

Imagine waking up one morning and realizing you could save hundreds of dollars each month, all because of a decision made by a group of financial experts! This is not just a dream, but a real possibility as we look ahead to the expected Fed interest rate cut next week. Homeowners everywhere may soon find themselves with more money in their pockets, thanks to lower mortgage payments.

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The Wolf of West Virginia: Inside a TikTok Real Estate Scam

BAM Media

Join us at BAM Mania October 17-18 for actionable insights from industry legends, proven strategies for marketing that puts people before algorithms, and addictive entertainment from the funniest people in real estate. Vegas will never be the same. Sign up now. When you hear folks say, “Fake it ‘til you make it,” this is probably not what they mean.

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Colorado Springs Housing Market Predictions 2025: Prices Will Drop

Marco Santarelli

So you're thinking about the Colorado Springs housing market predictions for 2025? You're not alone! Everyone from current homeowners to future buyers is curious about what's in store. Right now, the average house costs about $452,001 in Colorado Springs , which is holding steady. But things can change quickly! There are some big things happening in Colorado Springs that could shake things up in the next couple of years.

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Utah Housing Market Forecast 2025: Home Prices Will Rise

Marco Santarelli

The Utah housing market forecast for 2025 is a topic that many potential homebuyers, investors, and real estate enthusiasts are keenly interested in. With its stunning landscapes, thriving economy, and unique lifestyle, Utah has become a hotspot for real estate. Understanding the trends and potential changes in this market is essential for anyone looking to buy or sell a home in the coming years.

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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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Will the Housing Market Be Better in 2026: What to Expect?

Marco Santarelli

Will the housing market be better in 2026? This question has sparked much discussion and debate amongst homeowners, potential buyers, and investors. As we navigate financial uncertainties, it becomes crucial to understand various trends and predictions that could shape the housing market landscape over the coming years. In this comprehensive analysis, we will delve deep into whether the housing market is stuck until 2026, if housing prices are likely to drop, whether 2026 will be a favorable yea