Sat.Jan 06, 2024 - Fri.Jan 12, 2024

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Frequently Asked Questions About Home Appraisals

RIS Media

One of the most essential steps when buying a house or refinancing your existing home is the appraisal. Appraisals can make or break a real estate transaction. Appraisers have significant power in the role they perform for a mortgage lender. After all, their word is gospel. Given their importance, they must be accurate with their… The post Frequently Asked Questions About Home Appraisals appeared first on RISMedia.

Mortgages 141
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Real Estate Red Flags That Could Be Hidden When Buying a House

Maximum Exposure Real Estate

Knowing things about your home that will send potential buyers running is essential as a seller. These red flags may prevent you from selling your house, leaving your property on the market for far too long and possibly resulting in a substantial loss of money if a sale occurs. Many of these Real Estate issues […] The post Real Estate Red Flags That Could Be Hidden When Buying a House appeared first on Maximum Real Estate Exposure.

Sales 127
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NAR President Tracy Kasper, facing blackmail threat, steps down

Real Estate News

Kasper had been in the role for just over four months following the resignation of former president Kenny Parcell. Kevin Sears is taking over as president.

As-is 328
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Cyberattack at loanDepot brings systems down

Housing Wire

Top-15 U.S. mortgage lender loanDepot confirmed Monday morning that it is the industry’s latest cyberattack victim. The incident has brought loanDepot’s systems down. The California-based lender, which originated roughly $17 billion in mortgage loans from January to September 2023, said it has launched an investigation with the support of cybersecurity experts.

Mortgages 512
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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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The Dramatic Impact of Homeownership on Net Worth

Keeping Current Matters

If you're trying to decide whether to rent or buy a home this year, here's a powerful insight that could give you the clarity and confidence you need to make your decision.

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Pre-Civil War Gothic Revival Church on Bed Stuy’s Willoughby Avenue Demolished as Locals Look On

Brownstoner

The historic St. Lucy-St. Patrick Roman Catholic Church, which has dominated a block of Bed Stuy’s Willoughby Avenue since 1856, was being torn down in clouds of dust Monday and today to make way for housing. The demolition of the red-brick Gothic Revival church building at 920 Kent Avenue (also… Read More > The post Pre-Civil War Gothic Revival Church on Bed Stuy’s Willoughby Avenue Demolished as Locals Look On appeared first on Brownstoner.

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But At What Sales Price?

BubbleInfo

Over the last few years, the real estate disrupters have figured that the high-tech environment should produce an easier/cheaper way to buy and sell homes. No matter how it’s presented though, the message is clear. We’re hoping to beat the agents out of their commission.

Sales 98
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Residential Building Wages Continue to Increase

Eye on Housing

The year-over-year (YOY) growth rate for residential building worker wages decelerated to 0.6% in June 2023. Over the past five months, wage growth accelerated moderately and reached 4.0% in November. Overall, average hourly earnings for residential building workers* increased at a relatively slower pace in the past year, compared to the peak rate of 8% in October 2021.

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8 Powerful Questions From First-Time Home Sellers That Lead to Success!

Realty Biz

Selling a home for the first time is a significant learning experience. Real Estate isn't something that homeowners can master in one transaction. They must rely on professionals for guidance and expertise. Unfortunately, if the wrong real estate agent is chosen, it can lead to getting poor advice. Nobody wants that, but it's a reality. From three decades of experience as a Realtor, many home sellers make aweful choices when it comes to their real estate agent.

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Fewer homes will take a price cut in spring 2024

Housing Wire

Will the number of homes that take a price cut this year drop below 2023 levels? Yes! If the current trends continue into the strong seasonal pricing period, we will see fewer homes that are discounted before selling. I believe this was the most overlooked housing story of the last year because even as mortgage rates rose all the way to 8% , the home price cut percentage data was always about 4% lower year over year.

Mortgages 542
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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

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.

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SP 200: Real estate’s top leader, and a demographic shift

Real Estate News

Anywhere’s Ryan Schneider has been named the most powerful person in this year’s rankings of residential real estate’s movers and shakers.

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Ways Your Home Equity Can Help You Reach Your Goals

Keeping Current Matters

If you’ve owned your house for at least a couple of years, there’s something you’re going to want to know more about – and that’s home equity.

Equity 267
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NAR President Tracy Kasper resigns, alleges blackmail

Inman

The National Association of Realtors' leader said she recently received a "threat to disclose a past personal, non-financial matter unless she compromised her position at NAR.

MLS 203
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Reverse mortgages could be a long-term care option: Kiplinger

Housing Wire

Among the numerous issues that retirement preparation can present to those near the end of their careers, long-term care (LTC) provides an increasingly common discussion point. One potential product that could assist in paying for LTC and its insurance could be a reverse mortgage, according to personal finance publication Kiplinger. LTC is already an expensive prospect and is projected to become a more common necessity as the U.S. population grows older in the coming years.

Mortgages 512
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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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Real gets into the ‘brokerage as a service’ business

Real Estate News

The brokerage’s new Private Label initiative gives teams access to Real’s platform and revenue sharing model while maintaining their independent brand.

Brokerage 293
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Avoid These Common Mistakes After Applying for a Mortgage

Keeping Current Matters

If you’re getting ready to buy a home, it’s exciting to jump a few steps ahead and think about moving in and making it your own.

Mortgages 290
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NAR, KW and HomeServices seek new trial in Sitzer | Burnett suit

Inman

The defendants point to "legal errors at trial" they say justify setting aside the jury's historic, multi-billion-dollar verdict and giving the defendants another chance to make their case in court.

MLS 197
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Inflation data still pointing toward rate cuts in 2024

Housing Wire

Inflation came in hotter than expected on Thursday, but we are still talking about rate cuts in 2024! The 10-year yield had a mild reaction to today’s data , increasing a few basis points early. It’s now at 3.98% , a far cry from 5.04% as we saw last year. This, while jobless claims data is still historically low. As I have stressed time and time again, when the market believes the Federal Reserve is done hiking rates, the markets make a big move lower with the 10-year yield and mortgage r

Land 504
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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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Small Town, USA best for first-time buyers

Real Estate News

Realtor.com ranked the top spots for younger buyers and found that smaller towns scattered across the Northeast and Midwest hold the most potential.

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What Lower Mortgage Rates Mean for Your Purchasing Power

Keeping Current Matters

If you want to buy a home, it's important to know how mortgage rates impact what you can afford and how much you’ll pay each month.

Mortgages 293
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Rates will continue to fall in 2024, consumers say in record numbers

Inman

A record number of consumers surveyed by Fannie Mae expect mortgage rates to keep falling, a "significant shift" in expectations that could free homeowners from the so-called "lock-in effect.

Mortgages 182
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Mortgage demand picks up again: MBA

Housing Wire

Despite an uptick in mortgage rates at the beginning of 2024, mortgage demand surged after adjusting for the holiday. Mortgage applications increased 9.9% for the week ending Jan. 5 compared to one week earlier, according to data from the Mortgage Bankers Association (MBA). The 30-year fixed mortgage rate averaged 6.62% as of Jan. 4, according to Freddie Mac ’s Primary Mortgage Market Survey.

Mortgages 500
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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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Most agents barely making it in this ‘part-time industry’

Real Estate News

In its latest report, the CFA continues to cast a critical lens on what it sees as a bloated industry where too few agents can succeed.

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Can You Break Up With Your Buyer’s Agent?

RIS Media

Buying a home is a significant life decision, and choosing the right buyer’s agent is crucial to ensuring a smooth and successful transaction. However, there are instances where the relationship with your buyer’s agent may not work out as expected. You may find yourself contemplating the need to break up with them. We will explore… The post Can You Break Up With Your Buyer’s Agent?

Agents 139
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James Dwiggins: NAR needs a top-down overhaul

Inman

Ahead of Inman Connect New York this month, the NextHome CEO said NAR serves an important function, but needs a major fix to deal with challenges related to leadership and commission suits.

MLS 182
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Opinion: More financing options for ADUs are needed

Housing Wire

In the ongoing struggle for attainable housing, one positive development has been the increased availability of funding options for homeowners seeking to incorporate Accessory Dwelling Units (ADUs) into their properties. A recent survey by Villa noted that some ~60% of rental tenants said that living in an ADU has allowed them to live in a neighborhood they would not otherwise be able to afford — that’s a big deal.

Finance 485
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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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More women than ever earn spots in real estate power ranking

Real Estate News

For the second year in a row, the Swanepoel Power 200 designated Sue Yannaccone, Anywhere Brands president and CEO, as the most powerful female leader.

Branding 278
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The Best Methods For Choosing a REALTOR®

RIS Media

Buying or selling a home is a significant financial and emotional undertaking. Choosing the right real estate agent can significantly impact the outcome. A systematic approach is essential when choosing a REALTOR® with numerous agents available. We will examine the best methods for picking a real estate agent, drawing insights from expert advice and exploring… The post The Best Methods For Choosing a REALTOR® appeared first on RISMedia.

Agents 138
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3 top agents from Realogics Sotheby’s move to The Agency

Inman

As agents continue to reevaluate their brokerage affiliations heading into the new year, Seattle-based Sandra Hines, Blake Waggoner and Dave Janssens have all left Realogics Sotheby's International Realty for The Agency.

Agents 188
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US Supreme Court to hear mortgage escrow case in February

Housing Wire

The U.S. Supreme Co urt last week scheduled oral arguments for seven pending cases to take place in February, including one that will decide whether “the National Bank Act preempts the application of state escrow-interest laws to national banks,” according to a publication of the argument schedule and reporting at SCOTUSblog. The court will decide whether or not national banks will be required to follow state-level laws governing escrow accounts’ accumulation of interest.

Mortgages 479
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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.