Housing Wire
JUNE 14, 2024
Elevated mortgage rates, high home prices and a lack of for-sale listings continue to hamper U.S. home sales, with Redfin reporting Friday that sales in May 2024 dropped to one one of the lowest levels of the past decade. The annualized rate of home sales, adjusted for seasonality, fell below 408,000 last month. That was down 1.7% from the prior month and 2.9% below year-ago levels.
Real Estate News
JUNE 14, 2024
A recent survey from Clever found that 70% of agents are unhappy with the deal, but two-thirds of consumers think commissions practices should change.
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Housing Wire
JUNE 14, 2024
The U.S. Department of Housing and Urban Development (HUD) on Friday announced a final rule designed to expand support for housing counseling services within Native American tribal communities. In a new final rule published in the Federal Register, HUD outlined requirements for housing counselor certification for sessions that are conducted in connection with the Indian Housing Block Grant (IHBG) and Indian Community Development Block Grant (ICDBG) programs.
Real Estate News
JUNE 14, 2024
The home search giant filed a lawsuit last December over the removal of its showing platform in the ARMLS and Metro MLS regions.
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Housing Wire
JUNE 14, 2024
Record-high home prices and elevated interest rates have weighed down mortgage markets. The Federal Reserve signaled its intention to maintain higher-for-longer rates, confirming that a reprieve is not on the horizon for borrowers and originators alike. Recent stagnation in refinancing loans, coupled with supply and demand discrepancies in housing, means originators still find themselves in an increasingly competitive landscape despite having expectations of the worst being over.
Real Estate News
JUNE 14, 2024
“This was more than simply a social media post,” said the LGBTQ+ Real Estate Alliance president, calling for “proactive actions” and ethics code enforcement.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Inman
JUNE 14, 2024
Fair housing goes beyond knowing the protected classes. Dr. Lee Davenport offers a primer on 4 levels of fairness involved in fair housing and how to communicate the facts to buyers and sellers.
Housing Wire
JUNE 14, 2024
The White House on Thursday nominated Christy Goldsmith Romero as chair of the Federal Deposit Insurance Corp. (FDIC), putting her on track to head the U.S. bank regulator following the scandal-induced resignation of Martin Gruenberg. Goldsmith Romero, who must still be confirmed by members of the U.S. Senate , has been a commissioner at the Commodity Futures Trading Commission (CFTC) since March 2022.
Inman
JUNE 14, 2024
The seller of the home once owned by Lee Radziwill is Ann Tenenbaum, venture capital-investor and widow of late private-equity pioneer Thomas H. Lee. The couple rebuilt the property twice.
Housing Wire
JUNE 14, 2024
Freddie Mac ’s chief financial officer, Christian Lown, notified the company of his intention to resign at the end of this month. The government-sponsored enterprise (GSE) will “begin the process of identifying a successor,” Freddie Mac said in an 8-K filing with the Securities and Exchange Commission (SEC) on Friday. Lown’s resignation, was was announced on June 5, takes effect June 28.
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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
JUNE 14, 2024
Why make your brokerage decision based on their office location? Create your own office and establish yourself as a mainstay of the community.
Housing Wire
JUNE 14, 2024
Consumer and industry advocacy organizations — including the American Land Title Association (ALTA), National Consumer Law Center (NCLC), National Association of Realtors (NAR) and AARP — are sounding the alarm over a rising trend of elder real estate fraud and financial exploitation in a new jointly created issue brief released on Friday. The brief includes an overview of key actions that could be considered elder financial abuse, including but not limited to signature forging on legal or finan
Inman
JUNE 14, 2024
Agents with My State MLS membership will be able to receive cash offer estimates on properties that qualify within minutes.
Housing Wire
JUNE 14, 2024
In order to successfully navigate the real estate landscape, adaptability and education are paramount for long term success. Dan Harris, President of The CE Shop, states, “Real Estate professionals will have to make continual learning part of their skill set.” To thrive amid rapid technological advancements and market changes, real estate professionals must prioritize ongoing education and effective time management.
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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
JUNE 14, 2024
The penthouse is situated at the top of the 48-floor 77 Hudson in Jersey City and spans more than 3,800 square feet with 180-degree views.
Housing Wire
JUNE 14, 2024
Incenter Lender Services, a Philadelphia -based family of companies that works with nonbank and depository lenders across the country, announced this week that it has promoted Shelley Duffy to the role of executive vice president of national sales. Duffy first joined Incenter in February 2022 as its senior vice president of national sales. She will now oversee all aspects of the company’s enterprise development team, which is expanding as Incenter seeks to create new solutions and bolster compet
Inman
JUNE 14, 2024
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.
Bigger Pockets
JUNE 14, 2024
When New York City banned short-term rentals (under 30 days) under Local Law 18 in September 2023, 15,000 landlords suddenly found themselves without income, many struggling to pay their mortgages.
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Inman
JUNE 14, 2024
Zillow, Arizona Regional Multiple Listing Service, Metro MLS and MLS Aligned have reached a preliminary settlement in their antitrust case. Zillow claimed ARMLS and Metro MLS conspired to create a "monopoly" when they removed their deep integration with ShowingTime in favor of MLS Aligned's listing platform.
RIS Media
JUNE 14, 2024
In today’s evolving housing market, the dream of homeownership may seem distant for many first-time homebuyers or renters. Rising interest rates, high home prices and committing to purchasing a home can be daunting. However, as a mortgage professional, I’ve guided numerous clients through the process, helping them realize that homeownership is not only attainable but… The post Turning Renters into Homeowners appeared first on RISMedia.
Inman
JUNE 14, 2024
As key milestones approach, the DOJ's upcoming opinion on the commission lawsuit settlement is already drawing both attention and criticism.
Bigger Pockets
JUNE 14, 2024
When you know how to show a rental property, you'd better position yourself to find a tenant in short order. Here are the six steps you must take to show a rental property to prospective tenants.
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Inman
JUNE 14, 2024
Friar served as CFO at Square, sits on the board of Walmart and worked at McKinsey, Salesforce and Goldman Sachs. She was tapped alongside Kevin Weil, who will serve as chief product officer.
HomeLight
JUNE 14, 2024
Pueblo, Colorado homeowners who need to sell their property quickly may struggle with doing so on the open real estate market. In that case, finding a cash buyer could be the answer. The Steel City has seen growing interest from local and out-of-state investors, drawn by its affordable property prices and promising return on investment. Pueblo’s real estate market has been sluggish recently, primarily due to high interest rates.
Bigger Pockets
JUNE 14, 2024
There’s no right or wrong way to market your rental property, but there are some tips you can follow to increase the likelihood of quickly finding a quality tenant.
HomeLight
JUNE 14, 2024
If you’re a homeowner in Tucson looking for a quick sale without the hassle of listing on the open market, connecting with a cash buyer could be the perfect solution. Tucson’s real estate market is hot right now , with both local and out-of-state investors purchasing property in Arizona. In this guide, we’ll explore how to find and sell to cash home buyers in Tucson, the pros and cons of selling your home for cash, what cash buyers might be interested in, along with other tips and tricks to be a
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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.
RIS Media
JUNE 14, 2024
Above, Darryl Davis, Andrew Flachner and Liz Hogan Keeping pace with technology can give any professional an edge, real estate agents included. Right now, the new shiny tech on everyone’s mind is machine learning/generative text—colloquially, artificial intelligence (AI). But with all the focus on AI, are other essential tools for real estate professionals falling through… The post Ask the Newsmakers: Essential Technology Beyond AI appeared first on RISMedia.
Bigger Pockets
JUNE 14, 2024
Purchasing a property in just any market won't guarantee financial freedom. Here's why market analysis is so important to achieve your goals.
Eye on Housing
JUNE 14, 2024
Up to this point in 2024, the median builder has sold 22% of its homes to buyers who used all cash to pay for them (i.e., did not take out a mortgage), according to a recent NAHB survey. The survey took the form of a special question appended to the instrument used to collect data.
RIS Media
JUNE 14, 2024
Downtowns from coast to coast are still recovering from unprecedented change as a result of the COVID pandemic, and home prices have varied since then as a result. Now, data provided by PropertyShark indicates that the downtowns of the Northeast’s most populous cities remain notably more expensive than areas outside the center, compared to other… The post Northeast Cities See Downtown Prices Hold Higher Than Other Regions appeared first on RISMedia.
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Strategic real estate professionals know that the name of the game right now is to stay informed, adaptable, and ready to make confident decisions. In this free download, Inside Real Estate CEO, Joe Skousen, shares what he believes are the top 4 most impactful actions in real estate right now. We've been actively engaging with industry experts, analyzing data, and listening intently to the experiences of our agents on the ground.
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