Sat.Nov 11, 2023 - Fri.Nov 17, 2023

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The Latest 2024 Housing Market Forecast

Keeping Current Matters

The new year is right around the corner, and you might be wondering if 2024 will be the right time to buy or sell a home.

Marketing 291
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The Unintended Consequences of Burnett vs. NAR

RIS Media

The recent ruling in the Burnett vs. NAR trial has sent shockwaves through the real estate industry, however its repercussions reach far beyond the courtroom. While in the public eye the verdict may be celebrated as a victory for home sellers and a step towards addressing the contentious issue of agent commissions, there is an… The post The Unintended Consequences of Burnett vs.

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Mortgage rates post biggest 1-day drop since onset of the pandemic

Inman

Tuesday's big drop in rates followed an encouraging inflation report, with bond market investors now convinced the Fed is done hiking rates and may reverse course in the spring.

Investor 183
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People Are Still Moving, Even with Today’s Affordability Challenges

Keeping Current Matters

If you're thinking about buying or selling a home, you might have heard that it’s tough right now because mortgage rates are higher than they’ve been over the past few years, and home prices are rising.

Mortgages 248
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The 4 Most Impactful Actions to Take in Real Estate in 2024

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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Texas commissions lawsuit targets teams, associations

Real Estate News

Texas Realtor associations and 20+ brokerages and teams are being sued by a home builder and magazine publisher who call NAR the “creator of the conspiracy.

Brokerage 328
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Sotheby’s International Realty Expands in New York

Sotheby's International Real Estate

Sotheby’s International Realty has announced its expansion into Rochester, New York with the addition of High Falls Sotheby’s International Realty, marking the brand’s continued growth in New York and its 60th office in the state. Headquartered in the city of Rochester, 23 real estate associates will serve Monroe County and the surrounding areas.

More Trending

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3rd Look at Local Housing Markets in October

Calculated Risk Real Estate

NOTE: Starting next month, I’ll add some comparisons to 2019 data (pre-pandemic)! This is the third look at several early reporting local markets in October. I’m tracking about 40 local housing markets in the US. Some of the 40 markets are states, and some are metropolitan areas. I’ll update these tables throughout the month as additional data is released.

Marketing 109
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Mr. Cooper hit with consumer class-action lawsuits over cyberattack 

Housing Wire

Mr. Cooper Group became the target of at least four consumer class-action lawsuits after disclosing a cyberattack at the end of October when customer information was compromised and the company shut down certain systems. On Oct. 31, the Dallas-based servicer and lender said it had experienced a cybersecurity incident with an unauthorized third party accessing certain portions of its technology systems and customer data.

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Mark Willis returns to CEO role at KW

Real Estate News

Willis previously held the top leadership position at Keller Williams Realty from 2005-2015 and had recently rejoined the company in a consulting capacity.

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Life-Changing Events That Move the Housing Market

Keeping Current Matters

Life is a journey filled with unexpected twists and turns, like the excitement of welcoming a new addition, retiring and starting a new adventure, or the bittersweet feeling of an empty nest.

Marketing 249
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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Leaders in luxury: Delroy Gill

Inman

Delroy Gill doesn’t just sell homes — he builds relationships. Born and raised in London, England, he understands complex transactions and international relocation and brings world-class service and out-of-the-box thinking to every detail of real estate transactions.

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14 real estate trends Gen Z buyers are looking for

Housing Wire

Baby boomers and millennials have dominated the home-buying conversation in recent decades, but a new generation of homeowners is browsing online listings, heading to open houses and planning their home-buying budget. Gen Z — born between 1997 and 2012 — is making waves in the market with their approach to homebuying. Here are 14 real estate trends Gen Z buyers won’t pass up. 1.

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First-time homebuyers ‘tiptoe back’ as median income tops $100k

Real Estate News

NAR’s annual Profile of Home Buyers and Sellers report revealed higher down payments, as more people reported living with friends or family before purchasing.

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These Top Cities Show Home Prices Are Still Climbing

Keeping Current Matters

If you’re considering buying a home or selling your current one to find something that better suits your needs, you may have questions about what’s happening with home prices today.

Marketing 246
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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 role of the buyer’s agent isn’t ending. It’s evolving

Inman

Former arbitrage trader, current team leader and new Inman contributor Jen Berbas speaks to the vital due diligence role real estate professionals play for consumers, even after Sitzer et al.

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Housing inventory growth slows to a halt

Housing Wire

Total housing inventory growth has been slow in 2023, but with rising mortgage rates over the last few months, inventory has grown a bit faster than average. The question now is: Have we hit the seasonal peak in inventory for 2023? The housing inventory growth rate has decelerated for three weeks, and we were barely positive last week, with an increase of only 59 homes.

Mortgages 453
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Realtor.com CEO: World without buyer agency a ‘dangerous scenario’

Real Estate News

Damian Eales talked to Real Estate News about why the industry “should be careful what some people are wishing for” and his perspective on NAR.

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Why Having a Moving Checklist Is Crucial When You’re Relocating

RIS Media

Moving is an exciting yet overwhelming experience. Whether relocating to new cities or just across town, it’s essential to be well-prepared to ensure smooth transitions. There are several crucial things to know before moving to make your process as stress-free as possible. We will cover basic guidelines, key considerations, and preparations to help you make… The post Why Having a Moving Checklist Is Crucial When You’re Relocating appeared first on RISMedia.

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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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NAR won’t use lobbying chops for ‘legislative fix’ to commission suits

Inman

At a forum for reps of 50 large brokerage firms, The Realty Alliance CEO Craig Cheatham asked why the nearly 1.6 million-member trade group can't use its political influence for an "existential threat.

Brokerage 186
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NAR’s Lawrence Yun predicts lower rates, 15% jump in existing-home sales in 2024

Housing Wire

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). Yun took the stage on Tuesday at NAR NXT , the trade group’s annual conference in Anaheim, California. He began his presentation during the “Residential Economic Issues and Trends Forum” by analyzing the data points that impacted 2023 real es

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Commissions case won't be finalized until 2024

Real Estate News

Although the jury reached a verdict in the Sitzer/Burnett lawsuit on Oct. 31, post-trial motions will keep any judgment on hold until spring.

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Lawler: New Census Long-Term Population Projections Are MASSIVELY Lower Than Previous Projections

Calculated Risk Real Estate

From housing economist Tom Lawler: Last Friday Census released new long-term projections of the US resident population, this time going out to 2100. The last time Census released long-term population projections was in 2017 (going out to 2060), and the 2023 projections for the “middle” scenario are massively lower than the 2017 projections.

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3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

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New bombshell lawsuit targets Texas Realtor orgs, local teams

Inman

A homebuilder and holding company filed the case Monday. But unlike other suits against NAR, this one lists the Texas Association of Realtors and other local organizations as defendants.

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UWM’s Jason Bressler on the role of failure in tech innovation

Housing Wire

HousingWire Editor in Chief Sarah Wheeler sat down with Jason Bressler , CTO at United Wholesale Mortgage (UWM) to talk about how the lender is developing a smart, innovative IT team by giving them a safety net to fail. This interview has been edited for length and clarity. Sarah Wheeler: UWM develops all their software in-house. What are some of the advantages of that?

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Mortgage rates dip to lowest level since September

Real Estate News

As rates decline for a third straight week, mortgage applications have risen, suggesting the possibility of a jump in year-end home sales.

Mortgages 264
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Who Pays Real Estate Transfer Taxes at Closing?

RIS Media

Real estate transactions involve many costs and fees, many of which are due at closing. One such expense that often raises questions among buyers and sellers is real estate transfer taxes. Understanding who pays these taxes and how they work is essential for anyone involved in a real estate deal. We will delve into transfer… The post Who Pays Real Estate Transfer Taxes at Closing?

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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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Real estate CEOs: Big changes from bombshell suits ‘improbable’

Inman

The bombshell verdict of Sitzer | Burnett rocked the real estate industry, but recent earnings reports suggest many of its most recognizable CEOs don't anticipate major disruptions.

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Mortgage rates trend down for the third straight week

Housing Wire

Mortgage rates fell this week as the October inflation report drove down the yield on the 10-year Treasury. On Thursday, investors priced in a 99.7% chance that the Fed will hold interest rates steady in December, according to the CME Group’s FedWatch tool. The 30-year, fixed mortgage averaged at 7.44% as of Nov. 16, according to Freddie Mac ‘s Primary Mortgage Market Survey.

Mortgages 421
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Brokerage Beat: News from eXp, Century 21, @properties, The Agency

Real Estate News

eXp begins search for new CFO; Century 21 strengthens Georgia presence; @properties Christie's International promotes key execs; The Agency opens Toronto office

Brokerage 243
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Lumber and Steel Products Lead Building Materials Prices Lower

Eye on Housing

According to the latest Producer Price Index report, the price level of inputs to residential construction less energy (i.e., building materials) declined 0.1% in October (not seasonally adjusted) following a 0.2% increase in September. The index has increased 1.0%, year-to-date, marking the smallest YTD gain through October since it fell 0.1% over the first 10 months of 2019.

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5 Data Proven Ways Agents Can Do 18% More Business

Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.