Sat.Feb 10, 2024 - Fri.Feb 16, 2024

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Homeowners are staying in place twice as long as they did 20 years ago: Redfin

Housing Wire

The preference that older Americans have for aging in place in their own homes is showing up in broader trend data, according to a new report from Redfin. While “homeowner tenure” has fallen slightly since its 2020 peak, the length of time that homeowners are remaining in their properties doubled to 11.9 years last year, up from 6.5 years in 2005, according to a Redfin analysis of median U.S. homeowner tenure by year using county records.

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Inman’s 2024 Global Real Estate Influencers revealed

Inman

Broker and reality television legend Ryan Serhant headlines an all-star roster of the industry's most compelling voices for the second-annual Inman Global Real Estate Influencers program.

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Don’t Let the Latest Home Price Headlines Confuse You

Keeping Current Matters

Based on what you’re hearing in the news about home prices, you may be worried they’re falling.

Marketing 360
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DOJ to court: Buyers need to set their agents’ compensation

Real Estate News

A statement of interest filed late Thursday by the Department of Justice savages the proposed MLS PIN settlement, and calls out MLSs for limiting competition.

MLS 345
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Welcome to the Future of Hospitality: Smart Rooms Start Here

Speaker: Jady West, VP of Hospitality & Chris Bennett, Head of Sales & Engineering

The modern hotel room is no longer just a place to stay—it’s an experience to remember. Today’s guests expect seamless 5G connectivity, personalized comfort, and high-tech convenience. From AI-powered smart room controls to in-room entertainment and app-based services, technology is redefining hospitality from the inside out. In this new session featuring industry pros Jady West and Chris Bennett, we’ll explore how high-speed, high-bandwidth connectivity powers the innovations that are enabling

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NAR runs out of liability insurance coverage: Sources

Housing Wire

Three sources, who have asked to remain anonymous, have confirmed to HousingWire that the National Association of Realtors (NAR) has run out of liability insurance funds. The news about NAR’s insurance predicament began circulating late Wednesday , with industry analyst Rob Hahn highlighting the news in the Thursday edition of his email newsletter NotoriousROB.

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Why So Many People Fall in Love with Homeownership

Keeping Current Matters

Chances are at some point in your life you’ve heard the phrase, home is where the heart is.

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Almost 20% of Realtors pay for multiple MLSs, but for how long?

Real Estate News

Commissions lawsuits could accelerate consolidation and evolution — and save agents money, according to a new report on MLSs and Realtor associations.

Agents 307
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Real estate investors snagged more entry-level houses than ever: Redfin

Housing Wire

Real estate investors purchased 26.1% of the lowest-priced homes for sale in the U.S. in the fourth quarter of last year, according to a report by Redfin. It was the highest share ever recorded and was up from 24% in Q4 2022. By comparison, investors purchased 13.6% of the mid-priced homes (compared to 14.3% a year earlier) and 15.9% of the high-priced homes (compared to 15.4% a year earlier).

Investor 515
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New-home sales off to a roaring start with record January bump

Inman

Loan applications for new-home purchases were up 19 percent from a year ago in January, according to an MBA survey of builders that's been an accurate predictor of trends.

Sales 200
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The 2025 Real Estate Roadmap to Success

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.

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What’s Really Happening with Mortgage Rates?

Keeping Current Matters

Are you feeling a bit unsure about what’s really happening with mortgage rates?

Mortgages 360
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Latest jump in mortgage rates could mean another slow spring

Real Estate News

The 30-year fixed rate rose to 6.77% this week, the highest level since mid-December.

Mortgages 304
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Why fewer homes are taking a price cut, even while inventory rises

Housing Wire

So far in 2024, fewer homes are taking price cuts than in 2023, and this trend is on the verge of breaking below the 2023 lows in price cuts percentages. While weekly inventory is still falling, we have year-over-year growth in total active listing and new listings data. This calls into question a mortgage rate lockdown, as mortgage rates are also higher year over year.

Mortgages 515
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New credit scores from FICO, VantageScore gaining traction

Inman

Lenders won't be required to use the more inclusive FICO Score 10T and VantageScore 4.0 scoring models before next year, but several are already using them to expand the pool of borrowers.

Banks 198
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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.

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Bridging the Gaps on the Road to Homeownership

Keeping Current Matters

Homeownership is a major part of the American Dream.

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Brokers, are you focusing on the wrong agents?

Real Estate News

Superstars and stragglers might catch your attention, but agents in the middle — the slow-and-steady crowd — can supercharge your business, with some guidance.

Agents 298
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U.S. foreclosure activity ticked up significantly in January: Attom

Housing Wire

In January, the number of properties with a foreclosure filing inched up on both a monthly and a yearly basis, according to a report released Tuesday by Attom Data. In total, 33,270 U.S. properties received a default notice, were scheduled for auction or were undergoing bank repossession last month, up 10% from December and up 5% compared to a year ago.

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Super Bowl ads, buyer bans and nefarious dealings: The Download

Inman

We're taking the opportunity to bring you some of the lesser-known stories you may have missed last week while you were reading about KW and NAR.

Agents 199
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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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Achieve Your Dream of Homeownership with Condos and Townhomes [INFOGRAPHIC]

Keeping Current Matters

If you’re trying to buy a home but are having a hard time finding something in your budget, here’s something that can help: consider condos and townhomes.

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Investors buying a bigger share of affordable homes

Real Estate News

While overall activity softened last quarter, real estate investors flocked to Chicago and cities in California in the hunt for lower-priced properties.

Investor 293
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Many homeowners don’t understand how their escrow account works

Housing Wire

Among homeowners who have a mortgage escrow account, only 52% fully understand how the account works, according to survey results released Thursday by property tax services provider LERETA. More than 80% of survey respondents said they know what an escrow account is and its primary purpose — to pay property taxes and other expenses, such as homeowners insurance , flood insurance and mortgage insurance premiums.

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DOJ to Nosalek judge: Broker commissions should be decoupled

Inman

The Department of Justice said a proposed settlement in the major antitrust lawsuit might itself violate federal law and said buyers should negotiate their broker's commission directly.

MLS 197
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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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A Seattle suburb known for affordability becomes example of U.S. debate on homelessness

Seattle Times Real Estate

Over the course of a year, a Seattle suburb’s grapple with how to handle a small but growing homeless population showed the faultlines in current U.S. response.

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Why Zillow is ready to ‘press down on the accelerator’ in 2024

Real Estate News

CEO Rich Barton was bullish despite the challenging housing market, predicting double-digit revenue growth this year during a Feb. 13 earnings call.

Marketing 289
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CPI inflation report shows the Fed loves playing with fire

Housing Wire

Today’s CPI inflation report was the craziest inflation report I have ever seen in my life. The progress in inflation is still intact as we have fallen so much from last year’s growth rate, but the Owners’ Equivalent Rent of Residences (OER) inflation has diverged from all the shelter rent data in the most prominent fashion I have ever seen, which boosted this report higher than it should have been.

Mortgages 479
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Top Bay Area team boomerangs back to Compass from Side

Inman

Mollie Poe and Declan Hickey were founding members of Compass San Francisco before leaving in 2020. Now, they're bringing four additional team members back to Compass with them.

Brokerage 197
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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

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They started building a bulkhead for a new home on Hood Canal. Then the feds found out

Seattle Times Real Estate

A judge ruled the structure was built in Hood Canal without a proper permit, and now the homeowner faces a $250,000 fine.

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Zillow beat revenue expectations in fourth quarter

Real Estate News

While still posting a net loss, the company reported higher-than-expected revenue from its residential and rental businesses as Premier Agent held steady.

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The worst for mortgages may be over, but younger borrowers still face affordability challenges

Housing Wire

The worst times for mortgage originations may be over as the market appears to be turning, but it’s still an unaffordable environment for younger borrowers in particular, according to a fourth-quarter 2023 lending report from Maxwell. Loan volume between the third and fourth quarters declined by 21%, but that was far less than the 37% drop from Q3 2022 to Q4 2022, the report showed.

Mortgages 479