Housing Wire
NOVEMBER 27, 2024
Top U.S. wholesale lender United Wholesale Mortgage (UWM) has taken another aggressive move related to its product set, underscoring its strong commitment to government-backed loans. On Wednesday, the company announced the removal of all loan-level pricing adjustments (LLPAs) on government loans, albeit with some limitations. The program applies to Federal Housing Administration (FHA), U.S.
Real Estate News
NOVEMBER 27, 2024
Kevin Brown, who will lead NAR in 2026, says he’s seen “the transformative power of homeownership” to move people out of poverty. “That’s why I do this.
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Housing Wire
NOVEMBER 27, 2024
Mortgage applications rose 6.3% on a seasonally adjusted basis during the week ending Nov. 22, driven by a 12% increase in demand for purchase loans, according to data released Wednesday by the Mortgage Bankers Association (MBA). It is the third straight weekly increase for applications — a good sign for mortgage lenders heading into the typically slow Thanksgiving holiday.
Keeping Current Matters
NOVEMBER 27, 2024
Chances are you’re hearing a lot about mortgage rates right now, and all you really want to hear is that they’re coming back down.
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Housing Wire
NOVEMBER 27, 2024
Despite the recent rise in mortgage rates, early indicators suggest that the housing market is pointed in the right direction. The latest signal comes from the National Association of Realtors ‘ (NAR) Pending Home Sales Index (PHSI), which shows sales in October growing 5.4% year over year and 2% compared to September. The 77.4 reading for the PHSI is the highest mark since March and the third highest dating back to December 2023.
Real Estate News
NOVEMBER 27, 2024
The Chicago-area powerhouse filed its agreement in the Gibson/Umpa case on the same day that NAR and HomeServices finalized their settlements.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
NOVEMBER 27, 2024
While class members “may not recover every dollar they paid to real estate agents, that is the nature of settlements,” Judge Bough wrote in his Nov. 27 order.
Inman
NOVEMBER 27, 2024
Applications for purchase loans jumped 12 percent week over week and 52 percent from a year ago, according to a weekly survey of lenders by the Mortgage Bankers Association.
Real Estate News
NOVEMBER 27, 2024
Buyers found a bit of relief last month, leading to more sales activity — but rising inflation is lurking heading into the holidays.
Inman
NOVEMBER 27, 2024
Progress in taming inflation slowed in October, but futures market investors think the latest numbers up the odds of another Federal Reserve rate cut next month.
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BAM Media
NOVEMBER 27, 2024
FIRST: Whatever you do, do NOT post or send a generic Happy Thanksgiving message. Nobody needs to see that RE/MAX branded turkey, and everyone already knows it’s Thanksgiving. Those posts don’t do anything for anyone. It’s not 2018 anymore, and a “post just to post” is not an effective strategy. View this post on Instagram A post shared by The Broke Agent | Real Estate Humor (@thebrokeagent) Okay, now we got that out of the way, here are five things you can post on Thanksgiving Day. 1.
Inman
NOVEMBER 27, 2024
Twenty-two homebuyers across 19 states were added to the list of plaintiffs in the Batton case Tuesday while eXp continued to push for a delay in a separate commission case known as Gibson.
Brownstoner
NOVEMBER 27, 2024
New York City leads the United States in formerly industrial and retail spaces being converted into self storage over the last decade, according to a report by the self storage listing site Storage Cafe. In addition to having an abundance of industrial, commercial and office buildings that have outlived the companies… Read More > The post NYC leads United States in spaces being converted into self storage: report appeared first on Brownstoner.
Inman
NOVEMBER 27, 2024
Not even a last-minute twist could stop this train, writes University at Buffalo law professor Tanya Monestier, who envisions a long road before the courts truly wash their hands of commissions.
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Estate Agent Today
NOVEMBER 27, 2024
Just when I thought property agent regulation was something of a lost cause, it’s suddenly back on the agenda. I’m aware that it’s a contentious issue within the industry but I have thrown my weight behind regulation for a variety of reasons.
Inman
NOVEMBER 27, 2024
Designed to help agents unearth buyer leads from renter databases, RentSpree's new tool will now be available to the 6,000 members of Central Florida’s Space Coast Association of Realtors.
RIS Media
NOVEMBER 27, 2024
In the days and weeks after the National Association of REALTORS® (NAR) announced that offers of compensation would be removed from the MLS and that all buyer agents would be required to sign agreements with clients, a lot of people both in and outside the industry had more questions than answers. Will commissions drop? Will… The post Beyond the Numbers: How ‘Settlement Shock’ Is Evolving to Reveal New Opportunities appeared first on RISMedia.
Inman
NOVEMBER 27, 2024
In the interest of keeping it light this Thanksgiving, trainer Rachael Hite came up with these six talkable topics for Turkey Day and three you might want to avoid. Womp! Womp!
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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.
BAM Media
NOVEMBER 27, 2024
Thanksgiving is all about gratitude, food, and—inevitably—a few questions about your job. If you’re a real estate agent, the housing market is bound to come up. And by now, you know the kinds of questions you can expect, along with the general tone from each questioner, particularly those just looking for a way to stoke drama at the dinner table. Don’t worry—BAM’s got you covered with talking points that showcase your deep knowledge of the market.
Inman
NOVEMBER 27, 2024
Driven by an improved housing inventory, pending home sales rose modestly in October, marking its third-consecutive monthly increase, according to data released on Wednesday by NAR.
Brownstoner
NOVEMBER 27, 2024
For many, the brownstone is the quintessential symbol of Brooklyn, as much an icon as the Brooklyn Bridge. Yes, other boroughs also have attached masonry row houses, but the Brooklyn brownstone beats them all. As the urban centers of the United States grew, so too did row-house neighborhoods, their housing… Read More > The post Brownstone Revival: The Rebirth of the Brooklyn Townhouse appeared first on Brownstoner.
Inman
NOVEMBER 27, 2024
Value is not in the object itself, it’s in the perception, author and coach Darryl Davis writes. Your worth as an agent is defined by how you position yourself and your services (and it’s priceless).
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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.
Bigger Pockets
NOVEMBER 27, 2024
Most people get turnkey real estate investing all wrong. They either think it’s a completely hands-off investment like stocks or that all turnkey real estate companies offer the same product.
Inman
NOVEMBER 27, 2024
A team in Tuscon will now become a franchise known as RE/MAX Horizon, while an ERA franchise in Indiana is rebranding to RE/MAX First Integrity.
Estate Agent Today
NOVEMBER 27, 2024
Home-movers remain frustrated with transaction delays, poor communication, and the need for improved technology—all of which continue to hamper the efficiency of the home-buying process, research suggests.
Inman
NOVEMBER 27, 2024
Real estate is always changing, sometimes for the better and other times for the worse. What trends are you glad to see in the rearview mirror?
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RIS Media
NOVEMBER 27, 2024
Pending home sales ascended in October, the third consecutive month of increases, according to the National Association of REALTORS® (NAR). All four major U.S. regions experienced month-over-month gains in transactions, with the Northeast leading the way. Year-over-year, contract signings increased in all four U.S. regions, led by the West. The Pending Home Sales Index (PHSI),… The post Pending Home Sales Up 2% in October; All 4 U.S.
Inman
NOVEMBER 27, 2024
In this exclusive series on Inman, Windermere economist Jeff Tucker illuminates the latest stats, reports and numbers to know this week.
RIS Media
NOVEMBER 27, 2024
In his final order approving the National Association of REALTORS’® (NAR) settlement agreement, Judge Stephen R. Bough of the Western District of Missouri appears to have added some important language requested by NAR lawyers that they say will prevent the Department of Justice (DOJ) from creating chaos with its own enforcement action related to the… The post Burnett Judge Reserves Jurisdiction Over Settlement in Apparent Victory for NAR appeared first on RISMedia.
Inman
NOVEMBER 27, 2024
Find out how this California broker-owner went from corporate executive to real estate pro and what he learned along the journey.
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