Fri.Nov 15, 2024

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Mortgage rates jump to 7% as Powell demurs on quick rate cuts

Housing Wire

Jerome Powell , the chair of the Federal Reserve , said on Thursday that the U.S. economy is “not sending any signals that we need to be in a hurry to lower rates.” The statement was enough to raise mortgage rates to an even higher level, a sharp departure from the optimism lenders experienced during the September rally, which now seems like a distant memory.

Mortgages 531
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Ty Warner’s Four Seasons Hotel NY reopens as city’s priciest stay

Inman

The 52-story hotel at 57 East 57th Street had been shuttered during the pandemic, with the property temporarily repurposed to house first responders, only to later have its staff furloughed. However, the reason for its extended closure remains undisclosed, though reports suggest ongoing disputes between Warner and the Four Seasons Hotels and Resorts Management company, which manages the properties.

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Gen X homebuyers should prioritize aging in place: Boston Globe

Housing Wire

Homebuyers who are part of Generation X — primarily born between the mid 1960s and the early 1980s — should keep accessibility features in mind as they approach retirement, since Americans are increasingly looking to age in place in their own homes once their time in the workforce is complete. This is according to a recent article at the Boston Globe that took a closer look at the kinds of homes that those currently in their mid-to-late 50s may want to prioritize as they look to the future.

Design 435
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NYC City Council Passes Bill Forcing Landlords to Pay Own Broker Fees

RIS Media

Despite pushback from brokers, the city council of New York City approved a significant change to how real estate brokers and agents are paid for rentals in the city’s unique real estate market, shifting the cost to landlords, which aligns with how nearly every other metro conducts transactions. With overwhelming support from the council but… The post NYC City Council Passes Bill Forcing Landlords to Pay Own Broker Fees appeared first on RISMedia.

Agents 116
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The 2025 Real Estate Roadmap to Success

Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

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Black Friday deals on a new home? Here you go

Housing Wire

While shoppers flock to malls and online retailers for Black Friday deals, M/I Homes is shifting the focus to residential real estate with holiday incentives that rival traditional doorbusters. That’s right, there are Black Friday home sales! The Ohio-based builder is offering discounts of up to $20,000 on select homes in Greater Houston , along with no-cost 2/1 rate buydowns , and slashing prices by as much as $93,850 in other markets like Chicago.

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The Big Difference Between Renter and Homeowner Net Worth

Keeping Current Matters

If you’re torn between renting or buying, don’t forget to factor in the wealth-building power of homeownership.

Equity 305

More Trending

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DOJ will ‘get their wings clipped,’ predicts brokerage leader

Real Estate News

Broker and real estate influencer Anthony Lamacchia told agents at NAR NXT that it’s “ridiculous” what the DOJ has been “doing to our industry” in recent years.

Brokerage 304
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Susan Daimler leaves Zillow, Jun Choo named COO

Housing Wire

The leadership changes at Zillow are continuing. On Thursday the firm announced that Zillow Group President Susan Daimler is stepping down. Daimler joined Zillow through its acquisition of Buyfolio in 2012. Since joining Zillow Group she has served as senior vice president and general manager of StreetEasy , and senior vice president over the Premier Agent program.

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Weichert Honors Longest-Tenured Franchisees

RIS Media

Weichert Real Estate Affiliates, Inc. has announced the company recently recognized the longest-tenured companies in its national franchise system by presenting them the Icon and Legacy Awards at last month’s national Leadership Retreat held on Hilton Head Island in South Carolina. According to the release, five affiliates were honored with the Icon Award, which recognizes… The post Weichert Honors Longest-Tenured Franchisees appeared first on RISMedia.

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Beyond automation: How marketing tech can empower loan officers in 2025

Housing Wire

Should the goal of marketing technology be to make it so that a loan officer never needs to log in? Or, should LOs be encouraged to engage with marketing tools as much as possible in order to help them build their own brand and connections? I started in the mortgage industry in 2015, working for large banks that were heavily invested in using technology to simplify the loan process for everyone involved.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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Best-Selling Author Offers Masterclass in Leadership in New Buffini Certification Program

RIS Media

Above, Jon Acuff “A crisis will filter out people who are casual and encourage true professionals to rise to the challenge. The excellent are going to rise and build during this moment and come out of this even stronger.” If there was ever a more accurate word to describe what the real estate industry has… The post Best-Selling Author Offers Masterclass in Leadership in New Buffini Certification Program appeared first on RISMedia.

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Landmarks Greenlights Design for Two Houses on Empty Lot in Clinton Hill

Brownstoner

Two new townhouses in differing styles will likely rise on the same never-developed Clinton Hill corner site after the Landmarks Preservation Commission approved their design at an October meeting, with commissioners unanimously backing the plans. The LPC signaled its support for the buildings at 50 Clifton Place and 302 Grand… Read More > The post Landmarks Greenlights Design for Two Houses on Empty Lot in Clinton Hill appeared first on Brownstoner.

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UCO Signs Agreement with NAR India As Advisor to Develop a National MLS

RIS Media

UCO—a subsidiary of Stellar MLS—has entered into a landmark agreement with the National Association of REALTORS® India as an advisor to successfully launch an MLS across India. Founded in 2008, NAR India is a nonprofit organization that facilitates the professional development of its members and promotes the highest standards and accreditation in the national real… The post UCO Signs Agreement with NAR India As Advisor to Develop a National MLS appeared first on RISMedia.

MLS 120
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First-ever commissioned home by iconic architect A. Quincy Jones is now on the market for $1.9M

Fancy Pants Homes

A stellar midcentury modern home — built by one of the style’s master architects, A. Quincy Jones — was just listed for sale. Asking a modest (by Los Angeles standards) $1,850,000, the 1940s home played a pivotal role in the evolution of midcentury modern architecture in Los Angeles, paving the way for future designs that would define the city’s architectural identity.

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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

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How to Sell a House with a Bad Yard: Grab the Garden Gloves and Get to Work

HomeLight

Maintaining a beautiful yard takes a lot of work. This is why it’s no surprise that one in four Americans are not confident in their ability to take care of their lawns. As America’s largest irrigated crop , grass is like the sensitive child of the family who needs lots of affirmation and help to grow and thrive. Give it too much sun, too much shade, or even too much water, and all of a sudden you have a problem.

Agents 98
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People on the Move: Top leaders at Fathom take on expanded roles

Real Estate News

Fathom Holdings names its first chief revenue officer, promotes Realty COO to president; Inside Real Estate adds C-suite leaders.

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Rent-to-Own Homes Pros and Cons: Is It Worth It?

HomeLight

Rent-to-own agreements offer a unique path to homeownership, appealing to buyers who aren’t quite ready for a traditional mortgage. This arrangement allows tenants to rent a property for a set period with the option to buy it later. If you’re considering this strategy, you’ll want to carefully weigh the rent-to-own homes pros and cons. To build our easy-scan pro and con lists, we talked with Maureen Connolly , an agent with 22 years of experience in New York, and Brad Korb , a top-ranked agent i

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Fed Chair Jerome Powell Is Optimistic About the Economy, Unsure of Third Rate Cut This Year

RIS Media

“Will the Fed cut interest rates?” That’s a question on everyone’s mind whenever Federal Reserve Chair Jerome Powell speaks publicly—including his November 14 speech before the Dallas Regional Chamber and World Affairs Council of Dallas. The event, which included both prepared remarks from Powell and a moderated Q&A session, offered insights into his current economic… The post Fed Chair Jerome Powell Is Optimistic About the Economy, Unsure of Third Rate Cut This Year appeared first on

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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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Single-Family Permits Higher in September 2024  

Eye on Housing

Over the first nine months of 2024, the total number of single-family permits issued year-to-date (YTD) nationwide reached 763,990. On a year-over-year (YoY) basis, this is an increase of 10.1% over the September 2023 level of 693,908. Year-to-date ending in September, single-family permits were up in all four regions. The range of permit increases spanned.

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Tampa vs Miami: Which City is Right for You? Comparing Real Estate, Cost of Living, Culture, and More

Redfin

If you’re considering a move to Florida, you might be weighing buying a home on Tampa’s coast against renting an apartment in Miami’s bustling city life. Both cities offer warm weather, beautiful beaches, and diverse cultural experiences, but each has its unique character. Tampa provides a slower pace with friendly communities and affordable living, while Miami is famous for its vibrant nightlife, international influence, and cosmopolitan lifestyle.

Finance 57
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How to Sell My House Fast in Aurora: Cash Offer Options

HomeLight

Are you a homeowner in Aurora, Colorado looking to sell your house fast? Whether you’re facing a sudden job transfer, unexpected financial challenges, or are simply eager to embark on a new chapter in life, the need for a speedy home sale can become an overwhelming concern. In this guide, we’ll explore two effective options tailored to Aurora home sellers: requesting a cash offer for your home and hiring a top-performing real estate agent.

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How resilient agents embrace change and thrive in uncertainty

Inman

It’s not about avoiding challenges, Ojo's Chris Heller writes. It’s about embracing them as opportunities to grow, improve and lead.

Agents 164
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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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Boston vs Philadelphia: Which City is Right for You? Comparing Real Estate, Cost of Living, Culture, and More

Redfin

Considering a move to the Northeast? Whether you’re thinking of buying a house in Boston or renting an apartment in Philadelphia , each city has its own history, bustling job markets, and diverse cultural scenes, yet with distinct personalities. Boston’s historic charm and tech-driven economy appeal to many, while Philadelphia’s affordability and strong arts scene make it equally attractive.

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Rebuilding your real estate business systems for a fresh start

Inman

While a systems reset might seem like a big undertaking, coach Darryl Davis writes, it’s also one of the most empowering moves you can make.

Branding 161
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Chattanooga vs Louisville: Which City is Right for You? Comparing Real Estate, Cost of Living, Culture, and More

Redfin

Whether you’re buying a new house in Chattanooga, TN , or thinking about renting an apartment in Louisville, KY , both of these cities offer Southern charm and an affordable lifestyle, but with distinct personalities. Chattanooga is known for its scenic beauty, outdoor recreation, and growing tech sector, while Louisville brings a unique mix of historic architecture, arts, and its famous bourbon culture.

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Rental Beast to help Realtor.com devour lease market

Inman

Realtor.com selected Rental Beast to power an online rental application, lease processing and applicant experience initiative, making a strong statement about the impact of renters on the current market.

Marketing 157
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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.

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The Housing Market Might Be “Stuck”—But You Can’t Afford to Wait

Bigger Pockets

There’s a new word to describe the U.S. real estate market: stuck. Real estate transactions haven’t picked up as expected, even after conscious cuts to interest rates.

Marketing 116
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ICYMI at NXT: 3-way agreement and a national MLS? The Download

Inman

As NAR's members and leaders met up, the industry's biggest question marks took center stage amid a mix of opinions and perspectives.

MLS 152
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6 Ways I Make My Flips Irresistible to Buyers

Bigger Pockets

If you’re diving into the world of real estate investing or flipping, you know it’s not just about buying low and selling high.

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NAR settlement, 3-way agreement, Clear Cooperation: Inman’s Top 5

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 144
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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.