What To Know About Closing Costs
Keeping Current Matters
SEPTEMBER 12, 2024
Now that you’ve decided to buy a home and are ready to make it happen, it’s a good idea to plan ahead for the costs that are a typical part of the homebuying process.
Sat.Sep 07, 2024 - Fri.Sep 13, 2024
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Mortgage rates drop to another new low for 2024
Housing Wire
SEPTEMBER 11, 2024
On this crazy day with the bond market, mortgage rates dropped to another yearly low after the CPI inflation print. How low? Mortgage News Daily came out with a shocking print of 6.11% mortgage rates for their top-tier borrowers, while HousingWire’s Mortgage Rates Center , which tracks actual loan lock data from Polly , is also at a year-to-date low of 6.44%.
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Mortgage rates flirt with 6% — your move, Fed
Real Estate News
SEPTEMBER 12, 2024
The downward trend hasn’t fired up buyers (yet), but predictions of more cuts this year could move rates closer to 5% and amp up the market next spring.
Investors’ expectations for big Fed rate cut rise on new data releases
Inman
SEPTEMBER 13, 2024
Investors who fund most mortgages have already priced in several rate cuts, so further declines could depend on what next week's "dot plot" says about expectations for the pace of future cuts.
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.
Why Pre-Approval Should Be at the Top of Your Homebuying To-Do List
Keeping Current Matters
SEPTEMBER 10, 2024
Since the supply of homes for sale is growing and mortgage rates are coming down, you may be thinking it’s finally your moment to jump into the market.
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Record share of consumers expect mortgage rates to fall
Real Estate News
SEPTEMBER 9, 2024
A Fannie Mae survey found that despite sour attitudes about homebuying, there’s hope that rates and prices will decline — and a geographic divide over selling.
The code of the west: Why ranchers excel as real estate pros
Inman
SEPTEMBER 9, 2024
Ranchers turned real estate advisors offer unmatched expertise in land and ranch sales, expertly navigating complex transactions with deep knowledge of regulations, natural resources and property nuances.
The Real Story Behind What’s Happening with Home Prices
Keeping Current Matters
SEPTEMBER 11, 2024
If you’re wondering what’s going on with home prices lately, you’re definitely not the only one.
The average homeowner just gained another $25K in equity
Housing Wire
SEPTEMBER 12, 2024
Home equity continued to rise in the second quarter of 2024 as residential properties with mortgages collectively gained $1.3 trillion in equity over the past year. But growth began to slow during these three months, according to the CoreLogic Homeowner Equity Insights report published on Thursday. The aggregate equity gain was 8% year over year, bringing total equity on mortgaged properties to more than $17.6 trillion at the end of Q2 2024.
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.
Curbio to pay $7.5 million to settle lawsuit
Real Estate News
SEPTEMBER 13, 2024
The pre-sale renovation company, which got early support from NAR, also will change its marketing and be more transparent about its deals with agents.
California MLS MetroList debuts AI-based voice search
Inman
SEPTEMBER 12, 2024
The search platform is already live on the multiple listing service's website and comes amid a growing interest in using artificial intelligence to improve consumer home searches
The Surprising Amount of Home Equity You’ve Gained over the Years
Keeping Current Matters
SEPTEMBER 9, 2024
There are a number of reasons you may be thinking about selling your house.
The fall housing market could see hotter competition, Zillow says
Housing Wire
SEPTEMBER 12, 2024
Lower mortgage rates over the past several months have led to increased affordability for prospective homebuyers, and this could lead to an extra competitive fall 2024 season. That’s according to a Zillow report released Thursday in which the Seattle -based real estate company said that “lower mortgage rates and rising inventory are giving home buyers a window of opportunity at an unusual time of year.“ Zillow noted that the U.S. median monthly mortgage payment in August had declined by mo
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.
Data shares expand in the Southeast, renew in Colorado
Real Estate News
SEPTEMBER 7, 2024
Agents in four states — Tennessee, Georgia and the Carolinas — can now access 1.9 million shared listings, while REcolorado and IRES re-up their partnership.
Rate has now taken 10K loan applications en Español
Inman
SEPTEMBER 12, 2024
DHI Mortgage, Rate and CrossCountry Mortgage ranked as biggest employers of top-producing Latino mortgage originators by the National Association of Hispanic Real Estate Professionals (NAHREP)
Where are Laundry Rooms Located?
Eye on Housing
SEPTEMBER 11, 2024
In 2023, the majority of homes started featured laundry connections on the first floor (72%), according to the Census’s Survey of Construction. Laundry located on the second floor or higher was the second most prevalent at 26%. The basement, garage, and other locations all had a 1% or lower share. In NAHB’s What Home Buyer’s.
54% of baby boomers say they’ll never sell their homes
Housing Wire
SEPTEMBER 10, 2024
In a traditional sense, the term “silver tsunami” refers to pent-up housing stock that older homeowners will eventually choose to sell, which would have the effect of flooding the market with new inventory. But if prior suppositions about this trend being overblown failed to convince people, new data might make things clearer. More than half (54%) of baby boomers have no intention of ever selling their homes, according to new survey data from Clever Real Estate.
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.
Exclusive listings on the MLS? Here’s how Bright is doing it
Real Estate News
SEPTEMBER 13, 2024
The nation’s second-largest multiple listing service has been making it easier to enter the data (and keep it private). Is this the wave of the future?
Bezos got a bargain. Now the homeseller’s suing Douglas Elliman
Inman
SEPTEMBER 11, 2024
After learning that Amazon founder Jeff Bezos was behind the entity that had purchased his Indian Creek Island home at a $6 million discount, homeseller Leo Kryss was not pleased with the brokerage, which double-ended the deal.
Do Presidential Elections Impact the Housing Market?
RIS Media
SEPTEMBER 13, 2024
Conventional wisdom has held that the housing market slows in the months leading up to a presidential election. However, data over the past three decades show that there’s no notable impact on the housing market in election years. Could this year be different? So far, the 2024 presidential election cycle has been unusual by many… The post Do Presidential Elections Impact the Housing Market?
Logan Mohtashami talks recession concerns, home affordability with the ’Real Estate Insiders’
Housing Wire
SEPTEMBER 12, 2024
In a recent episode of the “Real Estate Insiders Unfiltered” podcast, co-hosts James Dwiggins and Keith Robinson chat with HousingWire Lead Analyst Logan Mohtashami to discuss a variety of issues — including pending concerns of a recession , mortgage rates and housing affordability issues that persist across the country. Mohtashami has worked in the mortgage and real estate industries since 1996, and he takes pride in his ability to quickly decipher data, form opinions and deliver actionable ins
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.
NAR doing a good job, associations say; MLSs aren’t so sure
Real Estate News
SEPTEMBER 10, 2024
A recent poll shows a split between major industry players when it comes to the National Association of Realtors’ performance — and its settlement.
Clear Cooperation takes center stage, faces pressure to change
Inman
SEPTEMBER 10, 2024
Officials from the National Association of Realtors are meeting this week to discuss the so-called pocket listing ban — one of the industry's most polarizing rules.
Buyer Agent Playbook: 3 Reasons Clients Must Buy Now Instead of Waiting
RIS Media
SEPTEMBER 12, 2024
As Tom Petty sang, “The waiting is the hardest part.” Was he referring to homebuyer hopefuls? Not sure, but either way, it’s almost go-time for those who’ve waited patiently for mortgage rates to finally begin a downward trajectory after years of staying in the high sixes, sevens and even briefly the eights. Inflation has cooled,… The post Buyer Agent Playbook: 3 Reasons Clients Must Buy Now Instead of Waiting appeared first on RISMedia.
Agent commissions are being negotiated more often, but it’s a ‘tale of two markets’
Housing Wire
SEPTEMBER 9, 2024
The new rules mandated by the National Association of Realtors’ (NAR) antitrust settlement are designed to encourage more negotiations for buyer agent commissions. Almost a month after the rules went into effect, that appears to be happening. That’s according to Redfin , which interviewed dozens of its agents about what they’re seeing on the ground in regard to buyer commission conversations.
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.
Locals Clash Over Arrow Linen Site’s Future at Raucous Community Hearing
Brownstoner
SEPTEMBER 10, 2024
It was standing room only, and barely any of that, at a heated two and a half hour public hearing on the Arrow Linen rezoning application in South Slope held by Community Board 7 last night, where 29 residents had the chance to speak to the crowd and many others… Read More > The post Locals Clash Over Arrow Linen Site’s Future at Raucous Community Hearing appeared first on Brownstoner.
Century 21 agent earns bronze for US Paralympics swim team
Inman
SEPTEMBER 12, 2024
Twenty-three-year-old Century 21 Scala Group agent Matt Torres shares his journey to the 2024 Paris Paralympics and the key to helping people with disabilities thrive.
Mortgage Mix: Rates Hit 19-Month Low, but Will That Move the Needle for Buyers and Sellers?
RIS Media
SEPTEMBER 13, 2024
Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. While mortgage rates reached a 19-month low this week, industry experts cautioned it still isn’t enough to significantly alter a hindered housing market for buyers and sellers, who are still facing over-inflated home prices and… The post Mortgage Mix: Rates Hit 19-Month Low, but Will That Move the Needle for Buyers and Sellers?
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