Fri.Feb 09, 2024

article thumbnail

CoStar’s billion-dollar marketing spend to include four Super Bowl ads

Housing Wire

The portal wars are heating up. In an attempt to reach residential listing portal supremacy, CoStar Group (the parent company of Apartments.com and Homes.com ) will air four advertisements during this Sunday’s broadcast of Super Bowl LVIII between the San Francisco 49ers and the Kansas City Chiefs. “The Super Bowl is a deep part of American culture and it grabs a disproportionate share of everyone’s mind,” Andy Florance , the CEO of CoStar Group, said.

article thumbnail

Brokerage leaders are feeling better about 2024

Real Estate News

A survey of leaders found greater optimism compared to a year ago, but many are concerned about recruiting, profits and commission lawsuits in the year ahead.

Brokerage 301
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Mortgage credit availability increased in January: MBA

Housing Wire

The availability of mortgage credit increased in January, according to a report issued by the Mortgage Bankers Association (MBA) based on data sourced from ICE Mortgage Technology. The MBA’s Mortgage Credit Availability Index (MCAI) increased in January to 92.7, or by 0.7% over December’s figure, based on initial benchmarking of the index to 100 in 2012.

Mortgages 422
article thumbnail

Consumer sentiment up as mortgage rate optimism hits record high

Real Estate News

Fannie Mae’s monthly survey found that, for the first time, a greater share of consumers expects rates to fall in the next 12 months.

Mortgages 291
article thumbnail

3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

article thumbnail

Federal judge says suit against UWM’s ‘All-In’ initiative should be dismissed

Housing Wire

A lawsuit against the “ All-In” initiative at United Wholesale Mortgage (UWM) should be dismissed, a federal judge said, citing inadequate evidence to prove accusations against the lender. Florida-based Okavage Group sued UWM in April 2021, following the lender’s announcement of an ultimatum that the wholesale lender will no longer partner with brokers who also work with Rocket Mortgage or Fairway Independent Mortgage Corp.

Lending 418
article thumbnail

7 new real estate books that should be on your reading list

Inman

Whether looking for advice as a new agent, as a real estate investor, or as a seasoned agent, these seven new releases by established industry names can offer a lending hand when it comes to pushing your business to the next level.

Lending 193

More Trending

article thumbnail

Top NYC team leaves Compass for new Side venture

Inman

As the Belisario Cruz Reyn Team, the group was fourth overall on the list of New York’s real estate teams with over 20 agents, with $155 million in sales volume.

Agents 188
article thumbnail

CFPB settles decade-old foreclosure relief scam enforcement suit

Housing Wire

The Consumer Financial Protection Bureau (CFPB) on Friday announced that it has reached a settlement with four attorneys and their company, Consumer First Legal Group , over a long-running enforcement case regarding what the bureau called a foreclosure relief scam. Consumer First Legal Group and four attorneys — Thomas G. Macey, Jeffrey J. Aleman, Jason Searns and Harold E.

Mortgages 413
article thumbnail

Anywhere expands board with investment firm leader Joseph Lenz

Inman

Joseph Lenz is a managing director and co-head of research at TPG Angelo Gordon. He becomes the 13th member of Anywhere's board this week after the franchising giant added a seat.

Brokerage 171
article thumbnail

Anywhere Real Estate appoints new board member

Housing Wire

Anywhere Real Estate named Joseph Z. Lenz to its board of directors, the company announced on Thursday. The appointment will be effective starting Feb. 13, 2024. Lenz currently serves as managing director and co-head of research for credit solutions at TPG Angelo Gordon , a prominent global asset manager with more than $200 billion in assets. As a result, the Anywhere board will expand from 12 to 13 directors under the helm of Chairman Michael J.

Investor 408
article thumbnail

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.

article thumbnail

Take charge of the next era of real estate at Inman Connect Las Vegas

Inman

A new era in real estate is unfolding. Inman Connect Las Vegas is where the most powerful voices in the industry are coming together to create change.

article thumbnail

Seattle property taxes among top 5 most expensive in big U.S. cities

Seattle Times Real Estate

The median property tax paid by Seattle homeowners in 2022 was around $6,800. From 2010 to 2021, it rose a whopping 89%. Columnist Gene Balk digs into the data.

141
141
article thumbnail

More commission suit fallout: Inman’s Top 5 stories of the week

Inman

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Brokerage 170
article thumbnail

Consumer Sentiment at Highest Levels in Years

RIS Media

The latest Fannie Mae Home Purchase Sentiment Index® (HPSI) shows an increase of 3.5 points in January to 70.7, its highest level since March 2022. Overall, the full index is up 9.1 points year over year. The index and its assessment are based on the following components: Do respondents think now is a good time… The post Consumer Sentiment at Highest Levels in Years appeared first on RISMedia.

article thumbnail

Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

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.

article thumbnail

Chad Roffers dishes on a Sotheby’s Concierge Auction record

Inman

The Sotheby's Concierge Auctions founder and CEO shared more about how the recent auction of "La Dune" went down, as well as key reasons why luxury agents turn to the brand to get a deal done.

Branding 152
article thumbnail

We Ranked Every NFL Team’s Real Estate Market and Found the Best Cash Flow Opportunities

Bigger Pockets

While we didn't get the matchup America wanted (Lions vs. Ravens), we do get to watch a 2020 rematch between the 49ers and the Chiefs. To prep for the game, we crunched the data on every team's real estate market and found which ones had the best potential for investors.

Marketing 120
article thumbnail

Is it real, or is it Bella Staging? Tech Review

Inman

The final word is that Bella Staging should be on your list when that next listing isn’t getting the attention that market conditions suggest it should.

Staging 164
article thumbnail

Mortgage Mix: Affordability Improves as Mortgage Rates Level Off

RIS Media

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. Mortgage rates saw very little movement this week, according to the latest Primary Mortgage Market Survey from Freddie Mac. The 30-year fixed-rate mortgage went from 6.63% last week to 6.64% this week, and the 15-year… The post Mortgage Mix: Affordability Improves as Mortgage Rates Level Off appeared first on RISMedia.

Mortgages 109
article thumbnail

Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty

Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.

article thumbnail

SERHANT. launches in Orlando with The Home Squad

Inman

The 16-member team led by Sarah and Mark Raumaker closed $86 million in sales volume last year and has sold more than $260 million in sales volume since its founding in 2018.

Closing 147
article thumbnail

How Much Money Is Enough to Make You Happy? Most Americans Say $284,000, Others Say $1.2 Million

Bigger Pockets

In a recent survey, 67% of respondents said that their happiness hinged on their ability to pay bills on time. Another 45% said homeownership made them happy. Others said they needed $1 million in the bank to be secure. So what is the true cost of happiness, and how much does it take to really sit back and relax?

Banks 115
article thumbnail

Office space fallout raises more questions about regional banks

Inman

Regional banks are in the spotlight again as cracks begin to show in their balance sheets due to the ongoing distress in the commercial real estate sector.

Banks 155
article thumbnail

Interview: Andy Florance on Restoring Transparency and Putting Agents ‘Back in Front of America’

RIS Media

Above, a screenshot from one of Homes.com’s new ads featuring Dan Levy of Schitt’s Creek fame and SNL’s Heidi Gardner. During one of America’s most enduring traditions, Super Bowl Sunday, Homes.com plans to make history, regardless of who takes home the championship trophy. Through four commercials reaching some 113 million viewers, the rapidly ascending real… The post Interview: Andy Florance on Restoring Transparency and Putting Agents ‘Back in Front of Am

Agents 111
article thumbnail

Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.

article thumbnail

2 multifamily operators settle in RealPage antitrust lawsuit

Inman

Pinnacle Property Management Services and AIR have settled with plaintiffs who accused them of increasing rent prices through collusion.

article thumbnail

NAR Opens Good Neighbor Award Applications

RIS Media

The National Association of REALTORS® today announced the opening of applications for its 2024 Good Neighbor Awards. 2024 marks the 25th year of honoring NAR members who exemplify dedication to volunteer service and make significant impacts in their communities. “NAR’s Good Neighbor Awards highlight the remarkable dedication of REALTORS® to making a meaningful difference where… The post NAR Opens Good Neighbor Award Applications appeared first on RISMedia.

article thumbnail

What’s your 100-year plan? Finding ikigai in life and business

Inman

The median age for a Realtor is 60. That means it's time to think about the realities of aging, retirement and building a lasting legacy.

Agents 124
article thumbnail

Housing Affordability Remains at Near Historic Low

RIS Media

The latest Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) from the National Association of Home Builders finds that home affordability remains at a near record low as of Q4 2023. The report attributes this to elevated mortgage rates, high construction costs as well as excessive regulatory costs. 37.7% of new and existing homes sold… The post Housing Affordability Remains at Near Historic Low appeared first on RISMedia.

article thumbnail

5 Data Proven Ways Agents Can Do 18% More Business

Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.

article thumbnail

Luxury Real Estate Headlines: Second Week in February 2024

Sotheby's International Real Estate

Appleby, England | United Kingdom Sotheby’s International Realty Defensive structures on the site date back to the Romans, but the current keep was built a mere nine centuries ago. 900-Year Old Castle is on the Market in UK for $12M – Bloomberg Six Flags Set Designer Brought Wild West to Life Inside $8.95M Georgia Home – The Wall Street Journal $30M Farm Offers Seclusion and Style Outside of Auckland – Robb Report A 1905 Greenwich, Connecticut, Landmark Lists With a New Look for Nearly $

Design 110
article thumbnail

How to Sell My House Fast in Des Moines: Cash Offer Options

HomeLight

If you’re a homeowner in Des Moines looking to sell your house quickly, you’re not alone. Many Des Moines residents find themselves in situations where time is of the essence, requiring a fast and efficient sale process. Whether due to a job relocation, financial circumstances, or personal reasons, selling your home in a hurry can be anxiety-inducing, Thankfully, there are options.

article thumbnail

Working at Walmart Could Help Make You a Millionaire in Just a Few Years—Here’s How

Bigger Pockets

If you dream of becoming a real estate investor but work at Walmart, you could well be on your way to realizing your dream much sooner than you think.

Investor 115
article thumbnail

How Often Do Pending Offers Fall Through When Selling a Home?

HomeLight

Selling your home can be an exciting time of hopeful anticipation — or a season of dreaded anxiety. You can experience both when waiting for a pending offer to pan out, causing you to wonder, “How often do pending offers fall through?” In this post, We’ll provide insights into the realities and risks that come with pending offers. We’ll also share expert tips from a recent HomeLight survey of over 1,000 top real estate agents.

Lending 103
article thumbnail

Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty

The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.