NAR settlement doesn’t pass the ‘real world’ test
Real Estate News
OCTOBER 29, 2024
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.
Sat.Oct 26, 2024 - Fri.Nov 01, 2024
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Why did mortgage rates rise after the negative jobs report?
Housing Wire
NOVEMBER 1, 2024
Today’s jobs report showed the lowest job-growth data for the year at 12,000. You would think this would cause the 10-year yield and mortgage rates to go lower. At first, this did happen, but after more digestion of the data, not only did the bond market give up all the early morning gains, but it headed higher for the day, which confused many. So, I will give you my best explanation, but I need to show all the data that came out this week.
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Why Your House Will Shine in Today’s Market
Keeping Current Matters
OCTOBER 28, 2024
Even though there are more homes available for sale than there were at this time last year, there are still more buyers than there are houses to choose from.
Proposed NAR settlement ‘worst of all possible worlds’: Law professor
Inman
OCTOBER 30, 2024
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.
The 2025 Real Estate Roadmap to Success
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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.
A spate of objections to NAR, HomeServices settlements
Real Estate News
OCTOBER 30, 2024
With less than a month until the deals are finalized, objectors are making claims of insufficient damages, harm to minorities, lack of accountability and more.
Housing inventory fell last week. Have sellers called it quits?
Housing Wire
OCTOBER 26, 2024
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.
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Judge grants final approval to 9 commission lawsuit settlements
Inman
OCTOBER 31, 2024
Judge Stephen Bough granted approval for settlements involving Compass, Douglas Elliman, @properties and other companies. Collectively, the companies will pay $110 million to resolve the litigation.
Making your pitch: What sellers want to know
Real Estate News
NOVEMBER 1, 2024
10 questions every listing agent had better be able to answer, from whether to list on the MLS or offer buy-side compensation to what goes into pricing a home.
FHFA to allow alternative appraisal methods on purchases up to 97% LTV
Housing Wire
OCTOBER 28, 2024
The Federal Housing Finance Agency has expanded the eligibility for alternative appraisal methods on purchase loans by increasing the maximum loan-to-value (LTV) requirement. The announcement was made on Monday during the Mortgage Bankers Association (MBA) Annual Convention & Expo in Denver, Colorado. The maximum LTV ratio will increase from 80% to 90% for appraisal waivers and from 80% to 97% for inspection-based appraisal waivers, consistent with standard guide eligibility guidelines.
Why Home Sales Bounce Back After Presidential Elections
Keeping Current Matters
OCTOBER 29, 2024
With the 2024 Presidential election fast approaching, you might be wondering what impact, if any, it’s having on the housing market.
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.
Commissions held steady after Aug. 17, Redfin study shows
Inman
OCTOBER 31, 2024
Commissions have been slowly declining over the last decade, but since the NAR settlement terms went into effect this summer, buyer's agent commissions have seen little impact.
In the courts: What’s new, and what’s next
Real Estate News
OCTOBER 26, 2024
There's more than $110 million at stake in a nine-brokerage commissions settlement hearing next week, while eXp has come under fire for its recent deal.
CubiCasa launches AI tool that creates virtual home tours in minutes
Housing Wire
OCTOBER 31, 2024
Interior property data company CubiCasa announced the launch of an interactive touring product for listing agents. The new CubiCasa Tour product will create interactive, virtual property tours within minutes. The new product uses similar software to CubiCasa’s Floor Plans, another virtual listing tool that builds floor plans in five minutes or less.
Q&A: How Do Presidential Elections Impact the Housing Market?
Keeping Current Matters
NOVEMBER 1, 2024
Even if you’re not looking to move right away, you may have questions about how the election will impact the housing market.
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.
Technology can help real estate leaders navigate Clear Cooperation
Inman
OCTOBER 28, 2024
Before drastic changes are made to Clear Cooperation, CoreLogic's Devi Mateti writes, it's worth noting that existing technology solutions already provide much of the flexibility being debated.
Tech Bytes: MetroList adds voice-powered listing management + more news
Real Estate News
OCTOBER 27, 2024
Conversational add/edit feature hailed as an MLS first; RateMyAgent to acquire Curated Social; Final Offer expands in the Northeast; Relevate inks partnerships.
Pending home sales jumped in September behind lower mortgage rates
Housing Wire
OCTOBER 30, 2024
Lower mortgage rates in September had a measurable impact on home sales. According to data released Wednesday by the National Association of Realtors (NAR), pending home sales in September jumped 7.4% compared to August and 2.6% year over year. NAR’s index reading of 75.8 is the highest number since March. An index reading of 100 equates to sales activity in 2001.
How Real Estate Agents Take the Fear Out of Moving
Keeping Current Matters
OCTOBER 31, 2024
Feeling a bit unsure, or even afraid, to move with everything going on right now?
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.
Fannie and Freddie will let more buyers off the hook for an appraisal
Inman
OCTOBER 29, 2024
Appraisal waiver programs that rely on automated valuation models will be expanded next year to allow participation by homebuyers putting less than 20 percent down.
Howard Hanna expands its presence in Ohio, South Carolina
Real Estate News
OCTOBER 31, 2024
The major independent firm announced a pair of deals this week that support its strategy of steady growth across the eastern U.S.
What is a real estate broker vs. an agent? We explain the key differences
Housing Wire
NOVEMBER 1, 2024
Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Whether you’re looking to start a career in real estate, already have one or are involved in real estate transactions, you may find yourself wondering about industry terminology and job titles. The industry acronyms alone look like alphabet soup.
Six Reasons Why REITs Are Safer Than Rentals
Bigger Pockets
OCTOBER 30, 2024
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.
Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage
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Compass envisions recruitment opportunity in industry upheaval
Inman
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The fall housing rally may have come and gone
Real Estate News
OCTOBER 31, 2024
September’s low rates gave pending sales a boost, but as mortgage rates climb for a fifth straight week, enthusiasm is expected to wane.
New objection to NAR settlement targets business practice changes, plaintiffs’ attorneys fees
Housing Wire
OCTOBER 28, 2024
After previously taking issue with some of the forms generated as a result of the terms of the National Association of Realtors ’ (NAR) nationwide commission lawsuit settlement agreement , University of Buffalo law professor Tanya Monestier is now objecting to NAR’s settlement. In a document filed on Monday in U.S. District Court in Kansas City — less than a month before the NAR settlement is slated for its final approval hearing — Monestier took issue with the business practice changes, sayi
Lawler: Mortgage Rates Have Surged Since the Federal Reserve Cut Interest Rates Last Month
Calculated Risk Real Estate
OCTOBER 29, 2024
From housing economist Tom Lawler: Folks who expected that mortgages rates would decline when the Federal Reserve began cutting its federal funds rate target range have been dazed and confused over the last month and a half. Since the day before the Fed’s 50 bp reduction in its funds rate target on September 18, 30-year MBS yields have surged by 84 to 96 bp, while mortgage rates have jumped by 72 to 89 bp.
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.
Authorities arrest missing San Antonio agent’s husband
Inman
OCTOBER 28, 2024
Real estate agent Suzanne Simpson has been missing since Oct. 7. Olmos Park authorities have arrested her husband, Brad, for obstructing a search of the couple's home last week.
Real estate in for a fright as mortgage rates return to 7%
Real Estate News
OCTOBER 28, 2024
The latest numbers suggest that, for the third consecutive fall season, rates will crest that dreaded threshold.
Real estate execs launch coaching platform with an eye for helping fellow women
Housing Wire
OCTOBER 30, 2024
Some of the most powerful women in real estate have taken the industry’s coaching space into their own hands. A group of current and former real estate executives have launched The Helm, a coaching platform designed to provide professional development to a more diverse audience. Co-founded by Danielle Wilkie and Heather Frick — formerly of Compass and Oracle, respectively — The Helm aims to help both seasoned veterans and entry-level professionals.
Buyer Representation: What’s Changed, and What Hasn’t
RIS Media
OCTOBER 31, 2024
Recent changes that went into effect following the National Association of REALTORS®’ (NAR) proposed settlement* have impacted how agents work with buyers. While some things have changed, many core principles of buyer representation haven’t. What’s changed: Mandatory written buyer agreements. One of the most significant changes is the requirement for written buyer agreements to be… The post Buyer Representation: What’s Changed, and What Hasn’t appeared first on RISMedia.
Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success
Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.
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