October, 2024

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Housing inventory fell last week. Have sellers called it quits?

Housing Wire

Since mid-2022 when mortgage rates headed higher , two facts have been apparent: new listings data has been trending at the lowest levels ever recorded in history and inventory has been able to grow from record low levels thanks to mortgage rates staying elevated. We’ve seen some growth in new listings this year compared to 2023 levels, which is good for housing.

Mortgages 523
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Real estate’s moment of opportunity

Real Estate News

From agent pay to association changes, a new report identifies 20 ways the industry can improve itself — and help homebuyers and sellers in the process.

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Proposed NAR settlement ‘worst of all possible worlds’: Law professor

Inman

Tanya Monestier says the settlement "reinforces the existing system of seller-paid inflated compensation while pretending to eliminate it" as attorneys walk away with $333 million in cash.

MLS 195
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This Is the Sweet Spot Homebuyers Have Been Waiting For

Keeping Current Matters

After months of sitting on the sidelines, many homebuyers who were priced out by high mortgage rates and affordability challenges finally have an opportunity to make their move.

Mortgages 305
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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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Proposition 33 Ignites Fierce Debate Over California Rent Control Laws

Bigger Pockets

Proposition 33—a measure on this year’s California election ballot that would increase rent control laws by limiting the amount landlords can charge for rent, regardless of an apartment’s rental history, […]

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Beloved Williamsburg Comic Store Desert Island to Close Due to Rent Hike

Brownstoner

Another beloved Brooklyn business is biting the dust, and more changes are coming to its busy thoroughfare. Desert Island comic store announced on Instagram yesterday that it would be closing its doors come the end of the year due to the landlord almost doubling the rent. Desert Island opened at 540… Read More > The post Beloved Williamsburg Comic Store Desert Island to Close Due to Rent Hike appeared first on Brownstoner.

Closing 130

More Trending

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NAR settlement doesn’t pass the ‘real world’ test

Real Estate News

A law professor filed a lengthy objection calling it “the worst of all possible worlds,” raising concerns about “chaos and frustration” as well as legal fees.

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Meet the stubborn homeseller dead set on making his FSBO work

Inman

Robert Kramer listed his home for sale without using an agent three years ago. The price is $200,000 above some estimates. He raises it $3,600 every month and is still waiting for the right buyer.

Sales 187
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Why Buying Now Is Worth It

Keeping Current Matters

You may be torn between buying a home now or waiting. But don’t forget to factor in the equity you’ll gain as prices rise.

Equity 283
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Public Housing As a “Solution” Only Makes Affordable Housing Worse

Bigger Pockets

Think of public housing, and a familiar picture comes to mind: hulking, run-down brick tenement buildings, graffiti-strewn malfunctioning elevators, crime, drugs, and all the social ills that go with it.

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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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First-time buyers remain ‘priced out’ of property market – warning

Estate Agent Today

Buying a property is becoming a ‘challenging prospect’ for many despite recently falling mortgage rates, Propertymark claims, as two separate pieces of research highlight the difficulties facing buyers.

Marketing 126
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DOJ sues Rocket, appraisal companies over alleged discrimination

Housing Wire

Another regulator has sued Rocket Mortgage for allegedly discriminating against a Black homeowner by undervaluing her home during an appraisal in Colorado three years ago. And the Detroit-based lender believes it’s a “massive overreach.” On Monday, the U.S. Department of Justice —following a move made by the U.S. Department of Housing and Urban Development (HUD) in July—filed a lawsuit against the lender, appraiser Maksym Mykhailyna and his company, Maverick Appraisal Group ,

Mortgages 511
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NAR tells sellers they don’t have to list on the MLS

Real Estate News

In its latest consumer guide, the association offers general education about MLSs while alluding to the ongoing debate over its Clear Cooperation Policy.

MLS 300
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Broker files multimillion-dollar suit over ‘forced’ NAR membership

Inman

Maurice Muhammad alleges a "monopoly" by NAR, the state Realtor association and the local MLS limits competition, inflates prices, and disproportionately affects minority brokers and agents.

MLS 187
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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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Planning To Sell Your House in 2025? Start Prepping Now

Keeping Current Matters

If your goal is to sell your house in 2025, now’s the time to start prepping.

Agents 305
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Six Reasons Why REITs Are Safer Than Rentals

Bigger Pockets

Recently, we shared “8 Reasons Why REITs Are More Rewarding Than Rentals.” In short, studies show that REITs earn 2% to 4% higher annual returns than private real estate.

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Women in Real Estate: Unlocking Value With Niche Strategies

RIS Media

Above, Sarah Galperin In the luxury real estate arena, where trust and exclusivity are paramount, Sarah Galperin of Compass Florida is reshaping the standards of success. With a background in fashion and photography, Galperin brings a creative edge to marketing properties, turning each listing into a sought-after masterpiece. Her secret? Building deep connections and offering… The post Women in Real Estate: Unlocking Value With Niche Strategies appeared first on RISMedia.

Marketing 134
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Prices for FICO scores are predicted to rise — again — in 2025

Housing Wire

Wall Street investors and analysts forecast that mortgage credit-score costs will rise in 2025 as lower interest rates may drive an increase in home loan applications. Fair Isaac Corp. (FICO), the company that retains the rights to the market’s widely adopted consumer credit-risk assessment methodology, is expected to raise the price for mortgage credit scores from $3.50 to at least $5, according to the estimates.

Investor 531
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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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NAR appeals to Supreme Court in DOJ battle

Real Estate News

The trade organization filed an official request with the high court today, asking for a review of an antitrust case that was ostensibly closed in 2021.

Closing 283
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Secure success by embracing a leadership mindset, not a position

Inman

I started my real estate career as an agent 23 years ago. Today, I consider myself fortunate to have my dream job as a director of learning for a global real estate brand. I recently helped launch the CENTURY 21 International Leadership Academy to help real estate professionals increase their leadership capacity.

Branding 183
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What To Expect from Mortgage Rates and Home Prices in 2025

Keeping Current Matters

Curious about where the housing market is headed in 2025?

Mortgages 287
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The Slippery Slope of BRRRR—Is It Still the Best Way to Run Your Landlording Business?

Bigger Pockets

The BRRRR strategy (buy, rehab, rent, refinance, repeat) is based on finding discounted properties, fixing them up, renting them out, refinancing, and socking away the cash flow with a long-term tenant, and repeating the process until you have amassed a sizable monthly cash flow. In 2024, I largely believe that it's unrealistic.

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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.

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Existing-Home Sales Fall 1% in September, a 14-Year Low

RIS Media

In September, total existing-home sales—completed transactions that include single-family homes, townhomes, condominiums and co-ops—receded 1% from August to a seasonally adjusted annual rate of 3.84 million. Year-over-year, sales waned 3.5% (down from 3.98 million in September 2023). Existing-home sales dropped to a 14-year low, likely as prospective buyers held out for lower mortgage rates, with… The post Existing-Home Sales Fall 1% in September, a 14-Year Low appeared first on RISMedia.

Sales 124
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Demand for distressed homes is dropping. What that means for the housing market

Housing Wire

Online real estate marketplace Auction.com released data this week showing that demand for distressed homes — including bank-owned properties and foreclosures — shrank for a second straight quarter. The company’s Auction Market Dispatch for third-quarter 2024 included a survey conducted in late September of more than 140 active buyers on the platform.

Marketing 483
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10 Best Real Estate Markets for Investors in 2025

Marco Santarelli

Ever dreamed of building a serious real estate portfolio? Finding the 10 best real estate markets for investors is the first step to making that dream a reality. It's not just about luck; it's about smart choices, solid research, and knowing where the opportunities are hiding. This guide dives deep into ten markets currently showing impressive growth potential for investors, but remember: real estate investment involves risk.

Investor 122
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Smarter AI, agent banking take stage at Real’s RISE conference

Inman

With a new level of omnipresence within an agent’s user experience indicated by a pulsing, always-on chat environment, the Siri-inspired Leo CoPilot is designed to be at the beck and call of Real dealmakers.

Staging 183
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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.

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ICE Mortgage Monitor: Insurance Costs "Spike", Especially in Florida

Calculated Risk Real Estate

Press Release: ICE Mortgage Monitor: Average Payment Hits All-Time High; Spiking Insurance Costs Rising at 3X the Rate of Principal, Interest, and Taxes The average monthly payment (principal, interest, taxes and insurance, or PITI) among active mortgages hit a record $2,070 in August; up $140 (+7.2%) from last year and $399 (+19.3%) since the start of 2020 Average PITI on loans originated in the last two years is $600 per month higher than that of 2020/2021 vintage mortgages, with two-thirds of

Mortgages 122
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$6.2 Billion In Potential Savings Slipped Away Last Week—How Should Investors Look at Rates Now?

Bigger Pockets

Anyone who’s had anything to do with real estate has played the “will they or won’t they” guessing game surrounding the Federal Reserve’s decisions about the federal funds rate.

Investor 123
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Housing Cost Burdens Across Congressional Districts

Eye on Housing

While the lack of affordable housing dominates the headlines across the nation, congressional districts with higher shares of renter households are disproportionately affected by the current affordability crisis. Geographically, the districts with the largest housing cost burdens are heavily concentrated in California, Florida, and the coastal Northeast.

Equity 119
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The great stay: Why homeowners are staying put

Housing Wire

About a year ago, I started noticing a parallel between the housing market and the labor market. Unemployment in the country is very low. Everyone has a job. The conventional wisdom for almost three years has been that job market must weaken, unemployment must be rising. But for three years, unemployment has stayed low. Normally when unemployment is this low, people are confident that they’ll find a new job and they are much more likely to quit a current gig that isn’t right for them.

Sales 505
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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.