Redfin ramping up, sees a brighter spring ahead
Real Estate News
SEPTEMBER 24, 2024
Agent count is growing, teams are expanding and its new compensation plan — Redfin Next — is going national faster than expected, according to a top exec.
Sat.Sep 21, 2024 - Fri.Sep 27, 2024
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‘The fever has broken’: Action steps for agents after rate cuts
Inman
SEPTEMBER 26, 2024
An environment where the fed funds rate is being cut instead of raised has historically been better for the real estate industry. Now is the time for agents to become the resource for information and professionalism.
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Is Your House Priced Too High?
Keeping Current Matters
SEPTEMBER 23, 2024
Every seller wants to get their house sold quickly, for as much money as they can, with as few headaches as possible.
Buyers still expect sellers to cover agent compensation
Housing Wire
SEPTEMBER 27, 2024
The majority of homebuyers are still expecting sellers to cover their agent’s compensation, according to The Real Brokerage ’s August 2024 agent survey. This comes even as the business practice changes outlined in the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement have been implemented across the country. Real conducted its survey between Aug. 30 and Sept. 15, recording the responses of roughly 300 agents across North America.
The Broker Action Plan for the Post-NAR Lawsuit Landscape
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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.
California sets a 3-month limit on buyer agent agreements
Real Estate News
SEPTEMBER 27, 2024
The new law, which takes effect Jan. 1, allows agreements to be extended — but not automatically. It was created in response to the NAR settlement.
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Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
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The Down Payment Assistance You Didn’t Know About
Keeping Current Matters
SEPTEMBER 24, 2024
Believe it or not, almost 80% of first-time homebuyers qualify for down payment assistance, but only 13% actually use it.
Are these the lowest mortgage rates we’ll see in 2024?
Housing Wire
SEPTEMBER 22, 2024
Have we seen the bottom in mortgage rates for 2024 after a crazy roller coaster ride so far this year? My 2024 forecast had a mortgage rate range of 7.25%-5.75%. To get to the lower end of this range, we needed to see two things: the labor market getting softer and the mortgage spreads improving. This is the double-whammy impact, and that’s what has happened.
Lower rates attract refinancing — are home buyers next?
Real Estate News
SEPTEMBER 26, 2024
While touring is up, mortgage purchase applications and pending sales are subdued. Inventory shows some promise but “extra stale” listings have increased.
Buyer-broker commissions remain mostly steady since Aug. 17: Survey
Inman
SEPTEMBER 26, 2024
Business has largely continued as usual with 63 percent of agents reporting that sellers are "frequently" covering buyer-broker commissions, according to a new Real Brokerage survey of 300 agents.
Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth
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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.
Why Buying Now May Be Worth It in the Long Run
Keeping Current Matters
SEPTEMBER 25, 2024
Should you buy a home now or should you wait? That’s a question a lot of people have these days.
Signs of housing demand surge after interest rate cut
Housing Wire
SEPTEMBER 26, 2024
The question from the housing industry after the Federal Reserve ’s half-point interest rate cut is simple — will this bring buyers back to the stalled housing market? A new report from Redfin suggests that it is already happening. The company analyzed mortgage rate-lock data from Optimal Blue and found that locks have risen 68% this week compared to one month earlier.
‘Unfiltered’: How real estate’s ‘powerful culture’ led to ‘price fixing’
Real Estate News
SEPTEMBER 21, 2024
Watch the conversation with Steve Brobeck — whose work has influenced commissions cases and DOJ investigations — as he shares concerns about industry practices.
Court denies Move’s preliminary injunction in suit against CoStar
Inman
SEPTEMBER 23, 2024
California District Judge George H. Wu declined Move's preliminary injunction request against CoStar on Monday, stating the portal failed to prove the risk of "imminent, irreparable harm.
Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!
Advertiser: Trellis
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.
Top 3 Overlooked Marketing Tactics Every Listing Agent Should Use
RIS Media
SEPTEMBER 27, 2024
Traditional marketing methods like generic ads, open houses and run-of-the-mill online listings are effective but often not enough to set you apart in an ever-changing and competitive real estate landscape. Let’s explore three modern marketing strategies that can help you secure more listings in today’s real estate market. Live-hosted virtual tours Research shows that 97%… The post Top 3 Overlooked Marketing Tactics Every Listing Agent Should Use appeared first on RISMedia.
Veterans are largely unaware of housing grants for aging in place
Housing Wire
SEPTEMBER 27, 2024
A majority of U.S. veterans are not aware of the fact they can qualify for grants from the U.S. Department of Veterans Affairs (VA) to allow them to age in place, according to survey data from senior advocacy group AARP. Sixty percent of veterans who are 45 and older “are unaware that VA provides grant funding for home modifications , and almost a quarter of veterans say they need financial assistance to modify their homes to continue living there,” according to an article published by the VA.
The best investor opportunities? Look south
Real Estate News
SEPTEMBER 25, 2024
Florida, North Carolina and Texas dominate a new report sizing up the top 10 markets for real estate investment.
Is that big Fed rate cut a cure-all for the mopey market? The Download
Inman
SEPTEMBER 21, 2024
With this week's half-percent rate cut from the Federal Reserve, agents are hoping sellers will finally get off the fence and loosen up some inventory to get the market moving.
Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys
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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.
WA county to replicate Texas’ huge solution to homelessness
Seattle Times Real Estate
SEPTEMBER 22, 2024
Pierce County is planning construction of a community for formerly homeless people that brings up questions of the best way to serve people with the most needs.
REcolorado finalizes controversial sale. But who owns the listing data?
Housing Wire
SEPTEMBER 27, 2024
An explosive period for Denver’s multiple listing service (MLS) has come to an end, but an even more controversial one might be beginning. REcolorado announced on Friday that its sale to the Joseph Burks-owned entity MAZL has been finalized, three months after the two Realtor associations that previously owned the MLS fired the board of directors over an alleged breach of a confidentiality agreement.
CoStar tallies win in ongoing Realtor.com trade secrets suit
Real Estate News
SEPTEMBER 23, 2024
A U.S. District Court judge has denied Move’s request for a preliminary injunction and questioned claims of “irreparable harm” to Realtor.com.
‘I’m back in it’: Reality star Kendra Wilkinson returns to real estate
Inman
SEPTEMBER 27, 2024
Douglas Elliman real estate agent and reality TV star Kendra Wilkinson has announced her return to real estate after taking a brief mental health break, "People" Magazine reported on Friday.
Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You
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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.
NYC Planning panel greenlights ‘City of Yes’ housing plan — but it still faces tough road in City Council
Brownstoner
SEPTEMBER 25, 2024
The New York City Planning Commission voted Wednesday to approve Mayor Eric Adams' "City of Yes" zoning overhaul aimed at boosting housing supply across the Big Apple — but the controversial plan must still pass the City Council, where it likely will face strong political opposition. The scheme, known as the… Read More > The post NYC Planning panel greenlights ‘City of Yes’ housing plan — but it still faces tough road in City Council appeared first on Brownstoner.
Opinion: Referral fees: The golden goose or rotten egg of real estate?
Housing Wire
SEPTEMBER 23, 2024
In the real estate industry, referral fees have become a golden goose that stifles innovation, inflates the value chain, and ultimately harms both consumers and agents. Despite their prevalence, the current system is ripe for reexamination. The referral fee conundrum Referral fees are a familiar practice in real estate. Suppose someone with a real estate license identifies a potential homebuyer or seller.
RISMedia Launches Contract & Commission Study, Post-Settlement Compensation Analysis
RIS Media
SEPTEMBER 24, 2024
Every transaction is different now. Depending on where you practice, you might have already been signing buyer agreements with every client. You might even work in a region where compensation can still be offered on the MLS. But as the changes prescribed by the National Association of REALTORS® (NAR) settlement agreement take hold, and the… The post RISMedia Launches Contract & Commission Study, Post-Settlement Compensation Analysis appeared first on RISMedia.
NAR rival AREA launches petition to end Clear Cooperation Policy
Inman
SEPTEMBER 23, 2024
The American Real Estate Association's call to end NAR's pocket rule has drawn more than 2,000 signatures since Friday, according to group co-founder Jason Haber, a Compass agent.
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.
Inflation Adjusted House Prices 1.5% Below 2022 Peak
Calculated Risk Real Estate
SEPTEMBER 26, 2024
It has been over 18 years since the bubble peak. In the July Case-Shiller house price index released on Tuesday, the seasonally adjusted National Index (SA), was reported as being 74% above the bubble peak in 2006. However, in real terms, the National index (SA) is about 11% above the bubble peak (and historically there has been an upward slope to real house prices).
A month after seismic industry changes, real estate agents aren’t much more optimistic
Housing Wire
SEPTEMBER 26, 2024
In the six months since news of the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement broke, agent attitudes toward the settlement’s required business practice changes have only slightly improved. This is according to a study published earlier this week by real estate technology firm Clever Real Estate. Clever surveyed 516 real estate agents in late August and early September, after the changes were implemented on Aug. 17.
Case-Shiller Home Price Index Sees 14th Consecutive Record High in July
RIS Media
SEPTEMBER 24, 2024
In July, home prices rose but moderated the rate of their growth, according to the latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. The annual gain in home prices was 5% in July—in June, the annual increase was 5.5%. Month-over-month, home prices saw a meager (seasonally adjusted) gain of 0.2%. While prices are… The post Case-Shiller Home Price Index Sees 14th Consecutive Record High in July appeared first on RISMedia.
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