Sat.Feb 03, 2024 - Fri.Feb 09, 2024

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How will mortgage rates impact seasonal inventory in 2024?

Housing Wire

How will mortgage rates impact seasonal inventory in 2024? Is the seasonal bottom going to happen later than I want? Maybe. It’s not what I wanted to see in 2024, but I have to be realistic since we are already in February. In the last four years, we have had abnormal seasonal inventory data, meaning that the spring inventory bottom happens later in the year.

Mortgages 512
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Don't Be Fooled By The Inaccuracy of Zillow Zestimates

Realty Biz

In the digital age, Zillow has become a go-to platform for individuals looking to buy, sell, or assess the value of real estate. At the heart of Zillow's appeal is its incredible database of valuable real estate information. Unfortunately, one aspect of the site falls short. Their 'Zestimate' is an estimated market value for a home. Zillow provides an easy-to-use interface and immediate property value estimates.

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When and Why Should You Get a Property Survey

RIS Media

Purchasing a home is a significant investment. It’s crucial to ensure that you clearly understand the property boundaries and potential issues that may affect your ownership. One essential step in the home-buying process is getting a property survey. We will explore the reasons for a property survey, when to complete one and what it entails.… The post When and Why Should You Get a Property Survey appeared first on RISMedia.

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Why Pre-Approval Is Even More Important This Year

Keeping Current Matters

On the road to becoming a homeowner? If so, you may have heard the term pre-approval get tossed around.

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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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CoStar to spend a billion dollars on marketing in fight for portal crown

Inman

The company plans to advertise during the Super Bowl and other major cultural events in what it describes as the "biggest marketing campaign in real estate history.

Marketing 194

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Where Home Prices Grew the Most (and the Least) in 2023

Bigger Pockets

The U.S. as a whole only grew by about 1% last year, but other markets saw huge gains and massive losses. From New York City to Jackson, Mississippi, we analyzed the 100 largest metros in the nation and measured their home price growth from 2022 to 2023.

Marketing 118
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Neo-Georgian Park Slope Townhouse With Working Fireplaces, Central Air Asks $6.995 Million

Brownstoner

In addition to an impressive brick and limestone facade, this Park Slope townhouse has some fine period details and updates that are sympathetic to the home's original character. At 615 3rd Street, it sits within the Park Slope Historic District a half block from Prospect Park. Constructed by Brooklyn-born architect and… Read More > The post Neo-Georgian Park Slope Townhouse With Working Fireplaces, Central Air Asks $6.995 Million appeared first on Brownstoner.

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Lawler: Update on Mortgage Rates and Spreads

Calculated Risk Real Estate

From housing economist Tom Lawler: For the second consecutive year 2023 saw high levels of volatility in the US fixed-income markets in general and the mortgage/MBS markets in particular. Unlike in 2022, however, key Treasury rates and mortgage/MBS yields ended 2023 close to where they began. 30-Yr CCMBS: Yield on “notional par” MBS derived from price for coupon closest to but below par and price for coupon closest to but above par. 30-Yr FRM: Optimal Blue 30-year index for borrowers

Mortgages 108
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No Fed pivot in sight as Powell addresses rate cuts on 60 Minutes

Housing Wire

There was rampant speculation after the Federal Open Market Committee (FOMC) meeting last week about the timing and number of interest rate cuts this year. In a follow-up interview on 60 Minutes on Sunday, Federal Reserve Chairman Jerome Powell did not sound like someone who has pivoted. In fact, Powell believes the Fed can wait until it sees more labor damage before cutting the Federal Funds Rate aggressively or moving toward a neutral policy stance, saying again that a March rate cut is “

Mortgages 498
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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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Why Having Your Own Agent Matters When Buying a New Construction Home

Keeping Current Matters

Finding the right home is one of the biggest challenges for potential buyers today.

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Anywhere expands board with investment firm leader Joseph Lenz

Inman

Joseph Lenz is a managing director and co-head of research at TPG Angelo Gordon. He becomes the 13th member of Anywhere's board this week after the franchising giant added a seat.

Brokerage 191
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Questions to Ask a Real Estate Agent When Buying a House: A Comprehensive Guide

RIS Media

Buying a house is one of the most significant financial decisions ever. Finding the right real estate agent to guide you through the process is crucial. There are many excellent reasons to have a buyer’s agent. Whether you’re a first-time homebuyer or a seasoned investor, interviewing a REALTOR® effectively can make all the difference in… The post Questions to Ask a Real Estate Agent When Buying a House: A Comprehensive Guide appeared first on RISMedia.

Agents 143
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Banks report tightened lending standards for nearly all residential mortgages: Fed survey

Housing Wire

Banks reported having tightened lending standards across almost all categories of residential real estate loans over the fourth quarter of 2023 amid an elevated interest rate environment. There’s some optimism, however. With the central bank expected to cut interest rates this year, banks reported that loan demand should strengthen across residential loan categories in 2024, according to the Fed’s quarterly senior loan officer opinion survey (SLOOS) released on Monday.

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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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Houses Are Still Selling Fast

Keeping Current Matters

Have you been thinking about selling your house?

Marketing 270
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7 new real estate books that should be on your reading list

Inman

Whether looking for advice as a new agent, as a real estate investor, or as a seasoned agent, these seven new releases by established industry names can offer a lending hand when it comes to pushing your business to the next level.

Lending 186
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Seattle property taxes among top 5 most expensive in big U.S. cities

Seattle Times Real Estate

The median property tax paid by Seattle homeowners in 2022 was around $6,800. From 2010 to 2021, it rose a whopping 89%. Columnist Gene Balk digs into the data.

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Annual home price gains may have reached cycle peak: CoreLogic

Housing Wire

U.S. home prices posted their highest yearly rate of appreciation since January 2023, reaching 5.5% year over year in December, according to CoreLogic ’s Home Price Index. Home prices declined by 0.1% compared to November 2023. Price appreciation slowed greatly over the past year to 3.9%, down from 14.5% in 2022, but is in line with the pre-pandemic rate of 3.9% in 2019.

Mortgages 464
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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.

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4 Powerful and Dynamic Factors That Influence Real Estate Values

Realty Biz

The real estate market is a complex and dynamic arena where various factors interplay to determine home values. Understanding these factors is crucial for homeowners, investors, and industry professionals to make informed decisions. A myriad of components influences market trends in real estate. Some include but are not limited to supply and demand dynamics, interest rates, and broader economic indicators.

Investor 133
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HomeServices wants US Supreme Court to weigh Sitzer | Burnett case

Inman

The franchisor filed a petition to the Supreme Court on Friday requesting the review of an earlier appeals court ruling barring it from enforcing arbitration agreements signed by seller clients.

Brokerage 189
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California Regional MLS Now Offers Home Repair Estimate Tool TheQwikFix

RIS Media

California Regional MLS (CRMLS) now offers TheQwikFix, a service that allows agents to upload property reports and then receive detailed and competitively priced repair quotes from local, licensed contractors who are available to complete the job before or shortly after closing. To combat the time sunk into sourcing and booking multiple contractors to provide estimates… The post California Regional MLS Now Offers Home Repair Estimate Tool TheQwikFix appeared first on RISMedia.

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Housing credit data in Q4 looks nothing like 2008

Housing Wire

People have been screaming about a housing bubble crash on social media sites for over 12 years. The truth is, U.S. housing credit looks very different than in 2005, 2006, 2007 or 2008. Homeowners have actually never looked better and the data from the Federal Reserve ‘s Quarterly Report on Household Debt and Credit shows why. Homeowners are not the people we need to be concerned about this time.

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5 Data Proven Ways Agents Can Do 18% More Business

Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.

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We Ranked Every NFL Team’s Real Estate Market and Found the Best Cash Flow Opportunities

Bigger Pockets

While we didn't get the matchup America wanted (Lions vs. Ravens), we do get to watch a 2020 rematch between the 49ers and the Chiefs. To prep for the game, we crunched the data on every team's real estate market and found which ones had the best potential for investors.

Marketing 121
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Falling rates helped drive home price growth in Q4, NAR says

Inman

U.S. home prices shot up in 86 percent of the 221 metropolitan areas tracked by the National Association of Realtors and rose 3.5 percent in the fourth quarter, according to data released Thursday by NAR.

Brokerage 183
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Buyers of New Homes Want Real Estate Agent Representation

NAR: Economic Outlook

Buyers of New Homes Want Agent Representation New home buyers value agents' help in understanding the buying process, helping with negotiation, and shortening home search time.

Agents 123
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Mortgage demand ticks up on the strength of purchase applications

Housing Wire

Mortgage demand picked up last week as lower interest rates steered homebuyers back into the market, but activity remains weaker than a year ago because of limited inventory. Mortgage applications increased by 3.7% during the week ending Feb. 2 on a seasonally adjusted basis, according to the Mortgage Bankers Association ’s (MBA) weekly mortgage applications survey.

Mortgages 453
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How Enriching the Lives of Your Clients Leads to Greater Sales Success

Speaker: Ari Capogeannis, Director - Revenue Marketing at NVIDIA and Bill Pappa, Sales and Marketing Leader at Ai Media Group

Building strong personal and professional relationships with clients is a critical success factor. Sales professionals who focus on relationship building generate more leads and raise their brand awareness. Because this can take time, having regular engagements can help you cultivate these relationships more efficiently. The most effective way to accomplish this is through direct hyper-personalized touchpoints.