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 519
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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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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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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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What Is a Prefab Home and Why You Might Want One

HomeLight

In the world of home buying, prefab homes are becoming a popular choice for those looking to step onto the property ladder. What is a prefab home, and why are more and more home shoppers considering them? Whether it’s the allure of a quicker construction time or the possibility of cost savings, prefab homes offer a unique set of advantages that traditional homes can’t always match.

More Trending

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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 507
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The real estate companies going all in on Super Bowl Sunday

Real Estate News

Homes.com will run four new ads during the big event while Opendoor will livestream a real homeowner doing a virtual walkthrough during halftime.

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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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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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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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Brokerage leaders are feeling better about 2024

Real Estate News

A survey of leaders found greater optimism compared to a year ago, but many are concerned about recruiting, profits and commission lawsuits in the year ahead.

Brokerage 283
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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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Houses Are Still Selling Fast

Keeping Current Matters

Have you been thinking about selling your house?

Marketing 293
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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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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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‘Lifeline’ grants aim to increase homeownership

Real Estate News

Freddie Mac and Chase have made recent changes to their down payment assistance programs which could help more low-income buyers enter the market.

Marketing 292
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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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Home Equity Can Be a Game Changer When You Sell

Keeping Current Matters

Are you on the fence about selling your house?

Equity 265
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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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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 477
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‘We had a really good run’ says Maui brokerage owner

Real Estate News

After six years on the island, broker Chris Speicher says the real estate business remains paralyzed, prompting his “heart-wrenching” decision to leave.

Brokerage 281
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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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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 142
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CoStar takes portal war to YouTube, promises new platform

Inman

In three star-studded advertisements for Homes.com that appeared on YouTube over the weekend, the CoStar Group teases a "revolutionized" shopping experience ahead of Super Bowl Sunday.

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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 477
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NAR ends January with 1.515 million members, a loss of 38k

Real Estate News

This marks the third straight month with a drop, but the association’s chief economist said membership is “holding on much better than market dynamics suggest.

Marketing 261
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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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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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Corcoran reels back Marcus-Wells Team, more agents, from Compass

Inman

In the ongoing tug-of-war for top agents, Corcoran Group has wrestled back eight boomerang agents from Compass and recruited an additional eight agents from Compass to the New York City-based brand.

Agents 186
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Mortgage rates surpass 7% for the first time since December

Housing Wire

The 30-year fixed mortgage rate surpassed the 7% mark on Monday on the heels of strong economic data and the Federal Reserve signaling that it will move carefully with any future cuts to interest rates. The 30-year conforming fixed mortgage rate was at 7.04% on Mortgage News Daily and 6.91% on HousingWire’s Mortgage Rate Center. It’s the first time since December that the average 30-year fixed rate has eclipsed 7%.

Mortgages 477
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Longtime MLS leader 'still passionate,' sees big changes ahead

Real Estate News

Stellar MLS CEO Merri Jo Cowen reflects on 40 years in the industry, what consumers don’t know about MLSs, and the need for a thoughtful approach to AI.

MLS 261
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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.