Inman
OCTOBER 4, 2023
Economists are scratching their heads and housing industry leaders are venting their frustrations as mortgage rates continue a relentless climb to new heights not seen in more than two decades.
Keeping Current Matters
OCTOBER 3, 2023
During the fourth quarter of last year, some housing experts projected home prices were going to crash in 2023.
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RIS Media
SEPTEMBER 30, 2023
October has rolled in, but 2023 isn’t over yet. That said, if you’re looking for a business pivot, a new season is as good a time as any. Autumn is the season of change and renewal, after all. Here are some ways you can get your business into the Fall spirit, and even win you… The post 4 Ways To Shift Your Real Estate Marketing in Autumn appeared first on RISMedia.
Housing Wire
OCTOBER 4, 2023
Mortgage applications ground to a halt for the week ending Sept. 29, falling 6% from the week prior as mortgage rates jumped to a 23-year high of 7.53%, according to new weekly data from the Mortgage Bankers Association. Mortgage application activity is now at its lowest level since 1996, the MBA reported. Purchase mortgage application volume, in particular, slowed considerably for the week ending Sept. 29, down 22% from a year ago, according to unadjusted data.
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HomeLight
OCTOBER 2, 2023
Have you ever seen a magazine spread or online feature of a house and thought, is this place even real? That’s what you’re going for when you set out to take jaw-dropping listing photos. Your photos need to be so good that when your agent lists your home, the only thing buyers will be left asking is, “Where are my car keys?” Real estate listing photos can make or break that vital first impression for home shoppers.
Calculated Risk Real Estate
OCTOBER 5, 2023
Note: I mostly focus on residential real estate, but I’ve included a graph of the office vacancy rate since this is an area under pressure due to increases in work-from-home. The big story here is that demand for apartments has softened recently, rents are soft, and there are a large number of apartments currently under construction that are expected to be delivered this year and in 2024.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
SEPTEMBER 30, 2023
Why are mortgage rates rising? This is a question many people are asking — even some of the Federal Reserve members. We have had back-to-back weeks of the bond market getting wild since the key 10-year yield level of 4.34% broke higher. It didn’t help that the Fed was hawkish after the Fed meeting , as their forward outlook surprised some market players.
Real Estate News
OCTOBER 6, 2023
The brokerage giants have agreed to significant policy changes as part of their settlement agreements in the Sitzer/Burnett and Moehrl commissions cases.
Inman
OCTOBER 6, 2023
In announcing the details of its settlement in the bombshell commission suits, the franchisor said that agents and brokerages would "have the freedom to set and/or negotiate commissions as they see fit.
Keeping Current Matters
OCTOBER 4, 2023
Are you considering buying your first home?
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Housing Wire
OCTOBER 6, 2023
In a surprising twist, the National Association of Realtors has announced a change in how interprets its Participation Rule, which requires listing brokers to provide buyer brokers an offer of compensation in order to list on the multiple listing service (MLS). While previously NAR has stated that the offer of compensation could be as little as a penny or a dollar, in a reversal of this stance, NAR is now saying that listing brokers can offer nothing and still comply with the rule, as first repo
Real Estate News
OCTOBER 4, 2023
A Homes.com exec told Real Estate News that its “playbook for growth is working,” but some competitors and outside observers see the data differently.
Inman
OCTOBER 6, 2023
Among the proposed changes, Anywhere said its company-owned brokerages, franchisees and affiliated agents will no longer be required to belong to the National Association of Realtors.
Eye on Housing
OCTOBER 5, 2023
NAHB analysis of the 2022 American Community Survey data shows that New Jersey leads the nation with the highest average annual real estate tax (RET) bill ($9,285)—$8,425 more than yearly property taxes paid by Alabama’s homeowners ($860). The size of this disparity grew 1.1% in 2022 and has increased 9.3% since 2017. Vermont was the only state for which the.
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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.
Housing Wire
OCTOBER 3, 2023
Mortgage rates and bond yields kept rising Tuesday as the job openings unexpectedly increased more than anticipated. But is that job openings data legit today? And will job openings continue higher, pushing mortgage rates even higher in the future? I believe today’s job openings data needs some context, but it didn’t matter to bond traders as bond yields shot up after the report.
Real Estate News
OCTOBER 2, 2023
The Southeast MLS Alliance and Coast 2 Coast MLS Data Share in Florida represent the latest initiatives to expand data sharing among MLSs.
Inman
OCTOBER 3, 2023
The antitrust enforcer suggests the rule changes in the proposed deal don't go far enough. Plaintiffs' attorneys say the agency has failed to articulate its specific concerns.
RIS Media
OCTOBER 5, 2023
In the intricate world of real estate transactions, the terms “under contract” and “pending” are frequently used to depict the status of a home sale. While both signify that a buyer and seller have agreed upon the sale terms, subtle distinctions exist between them. Nonetheless, the disappointment of seeing a home sale crumble before reaching… The post Common Reasons Homes Fall Out of Contract appeared first on RISMedia.
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.
Housing Wire
OCTOBER 6, 2023
Like Anywhere Real Estate Friday morning, the terms of RE/MAX’s $55 million settlement with plaintiffs in two bombshell buyer commission lawsuits have been made public. Similar to Anywhere’s deal, the RE/MAX agreement stipulates that the firm make significant changes to what it requires of its agents and franchisees. Final court approval of the settlement is expected in early 2024.
Real Estate News
OCTOBER 3, 2023
The companies announced a partnership that will allow listing agents to get offers on behalf of their sellers directly through eXp's agent dashboard.
Inman
OCTOBER 2, 2023
In a message to employees on Monday, Redfin CEO Glenn Kelman cited NAR's harassment scandal and other grievances as reasons for calling on 1,800 Realtors to cancel memberships.
RIS Media
OCTOBER 2, 2023
An unfinished basement, often overlooked and underutilized, holds immense potential to become a functional and inviting space in your home. By employing innovative design ideas, you can transform this neglected area into a valuable addition that enhances your living space and property value. From experience as a Realtor, a finished basement is one of the… The post What to Do With an Unfinished Basement appeared first on RISMedia.
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.
Housing Wire
OCTOBER 6, 2023
With 30-year fixed mortgage rates climbing to a 23-year high, the Mortgage Bankers Association (MBA) called on the Federal Reserve to bring some certainty to financial markets. “It is time, and very important for the Fed to make clear two statements — the Fed is at the end of its rate hikes; the Fed will not consider selling its mortgage-backed securities (MBS) holdings until and unless the housing finance market has stabilized and mortgage-to-Treasury spreads have normalized,” MBA president and
Real Estate News
OCTOBER 2, 2023
This is the second time the settlement agreement reached by MLS PIN in the Massachusetts buyer-broker commissions lawsuit has come under fire.
Inman
OCTOBER 3, 2023
The homeseller plaintiffs agreed to a two-month extension of deadlines related to a proposed deal with MLS PIN after the federal agency asked for time to assess the deal's "competitive impact.
Eye on Housing
OCTOBER 6, 2023
Job growth remained solid in September as the Fed fights against inflation. In fact, the recent jobs data has been stronger than most economists expected and is a reminder that GDP growth for the third quarter will be very strong and inflation risks persist. Total nonfarm payroll employment increased by 336,000 and the unemployment rate remained at 3.8% in September.
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Housing Wire
OCTOBER 6, 2023
Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. Meanwhile, in addition to diversifying their portfolios, brokerage firm owners are keeping their cost structure under control to be profitable in a shrinking market.
Real Estate News
OCTOBER 6, 2023
The latest jobs report found that nearly twice as many jobs were added in September as expected, which could lead to even higher interest rates.
Inman
OCTOBER 3, 2023
Opendoor is now the primary cash offer solution behind eXp's ExpressOffers platform. Agents will soon be able to request a cash offer on qualified properties directly through an eXp dashboard.
Seattle Times Real Estate
OCTOBER 5, 2023
The stretch of Rainier Avenue where the iconic store Mutual Fish recently closed looks very different from five years ago. And more change is coming.
Speaker: Ari Capogeannis, Director - Revenue Marketing at NVIDIA and Bill Pappa, Sales and Marketing Leader at Ai Media Group
Building strong personal and professional relationships with clients is a critical success factor. Sales professionals who focus on relationship building generate more leads and raise their brand awareness. Because this can take time, having regular engagements can help you cultivate these relationships more efficiently. The most effective way to accomplish this is through direct hyper-personalized touchpoints.
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