April, 2024

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GSEs will not count buyer agent commissions as IPCs

Housing Wire

Fannie Mae and Freddie Mac will not count buyer’s agent commissions as part of their allowable interested party contributions (IPCs), according to announcements from the government-sponsored enterprises (GSEs) on Monday. The GSEs noted that this guidance was not an update to their selling guides but a clarification on the treatment of seller-paid real estate agent fees.

Agents 530
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How are agents paid? Don’t ask buyers

Real Estate News

More than a quarter of consumers surveyed by Redfin don’t know how much their agent was paid, while nearly 20% weren’t sure who provided the compensation.

Agents 310
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LA nets biggest deal yet this year at $62.8M for spec mansion

Inman

The European-style home is located in the Hollywood Hills' coveted Bird Streets. The sale marks a breakthrough for a market that's been crippled by high interest rates and a mansion tax.

Sales 197
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Windsor Terrace Locals Want a Shorter, More Affordable Arrow Linen Project

Brownstoner

Locals called for proportional and contextual development in Windsor Terrace -- rather than high-rises that could set precedent for the neighborhood and beyond -- at a heated community meeting on a proposed 13-story development on Tuesday night. More than 200 residents from Windsor Terrace and surrounding neighborhoods packed Shepherd’s Hall… Read More > The post Windsor Terrace Locals Want a Shorter, More Affordable Arrow Linen Project appeared first on Brownstoner.

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3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

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How to Assess the Financial Stability of an HOA

RIS Media

Understanding a Homeowner Association’s (HOA) financial stability is crucial for maintaining property values and ensuring residents’ high quality of life. Key examination elements include reserve funds, special assessments and financial planning. Reserve funds cover significant repairs and replacements, special assessments address unforeseen expenses and financial planning ensures long-term stability.

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Inflation Stays Hot as Housing Cost Growth Persists

Eye on Housing

Consumer prices continued to rise in March, with shelter and gasoline prices driving over half of the total increase. This marks the third consecutive strong reading. Despite a slowdown in the year-over-year increase, shelter costs continue to put upward pressure on inflation, accounting for over 60% of the total increase in all items excluding food.

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DOJ can reopen its investigation into NAR, appeals court rules

Real Estate News

Ruling could lead to further changes in industry practices by allowing the Department of Justice to revisit an antitrust case originally settled in 2020.

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Industry gets some clarity on mortgage commission rules

Inman

Fannie, Freddie and FHA say sellers can continue to pay the buyer's agent's commission. But it remains to be seen if buyers will be allowed to finance their agent's commission into their mortgage.

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City Releases Detailed Plan for Controversial Housing Zoning Changes

Brownstoner

Taller residences, less parking, and more infill buildings will be allowed in New York City if the mayor’s City of Yes for Housing Opportunity zoning changes go ahead as planned. The draft text for the proposal was released today by the NYC Department of City Planning, the final installment in… Read More > The post City Releases Detailed Plan for Controversial Housing Zoning Changes appeared first on Brownstoner.

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Amid Seattle growth debate, map shows walkable neighborhoods in King County

Seattle Times Real Estate

Nat Henry wanted to know where he could build his life around walking and biking. Turns out a lot of other people were wondering about 15-minute neighborhoods, too.

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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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The Psychological Aspects of Selling a Home: How to Stay Positive and Motivated

RIS Media

Selling a home is more than a financial transaction; it’s an emotional journey. This process can stir up feelings, from excitement about prospects to sadness over leaving memories behind. Understanding and managing these emotions is crucial for staying motivated and positive. I will examine the psychological aspects of selling a home. You will see my… The post The Psychological Aspects of Selling a Home: How to Stay Positive and Motivated appeared first on RISMedia.

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Why are existing home prices rising when sales are still so low?

Housing Wire

Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. From NAR : The median existing home price for all housing types in March was $393,500, an increase of 4.8% from the previous year ($375,300).

Sales 473
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Commissions won't count against limits, Fannie and Freddie say

Real Estate News

The federal finance giants clarified their policies, confirming that buyer agent compensation won't be applied to concession limits.

Finance 283
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Existing-home sales drop in March as high rates stun homebuyers

Inman

Existing-home sales retreated 4.3 percent between February and March to a seasonally adjusted annual rate of 4.19 million, according to data released Thursday by the National Association of Realtors.

Sales 185
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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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Seven Reasons Why the Housing Market STILL Hasn’t Recovered From the Pandemic

Bigger Pockets

The pandemic swept through the U.S. housing market like a tsunami. Radical price hikes and all-time low inventory accompanied massive migration away from pricey big cities.

Marketing 118
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State GOP chair files 3 new initiatives to WA voters

Seattle Times Real Estate

If successful, the three initiatives could join an already crowded November ballot in Washington, including three other GOP-backed petitions.

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Op-Ed: The Truth About Home Prices and Real Estate Commissions

RIS Media

Given the recent proposed settlement agreements and accompanying media hoopla, it is time for the voice of factuality to be heard. Now we must even combat misleading presidential pronouncements, such as this from a March 19, 2024, news conference: “…last week the National Association of Realtors agreed for the first time that Americans can negotiate… The post Op-Ed: The Truth About Home Prices and Real Estate Commissions appeared first on RISMedia.

As-is 120
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Gen X is already looking for housing appropriate for aging in place

Housing Wire

Baby boomers are exhibiting an overwhelming desire to age in place in their own homes, but their children — largely members of Generation X — are also making their desires felt by seeking out homes that can accommodate their needs as they get older, according to a recent report from the New York Times. Citing 2021 data from the Harvard University Joint Center for Housing Studies that showed 88% of adults 65 and older are aging in place, many members of the following generation — primarily born b

Equity 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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Why is housing supply so low? Blame local zoning

Real Estate News

Two U.S. senators are pushing for policy changes that would reduce “exclusionary” zoning regulations and promote local development.

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Bye bye bye: Leave your team — without losing your connections

Inman

Co-founder of The Agency's BZP Group and regular cast member on "Buying Beverly Hills" Joey Ben-Zvi writes that professionalism and respect are essential to leaving the right way.

Brokerage 182
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Historic Crown Heights School to Be Converted to Family Shelter

Brownstoner

A 19th century racially integrated school in what was once the free Black community of Weeksville but is now Crown Heights will not become affordable housing as planned after all, but instead will be converted into a homeless shelter. A Brownstoner reader who noticed new windows had recently gone in… Read More > The post Historic Crown Heights School to Be Converted to Family Shelter appeared first on Brownstoner.

As-is 124
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4 Ways to Start Investing in Real Estate with NO or LOW Money

Bigger Pockets

Want to know how to invest in real estate with NO money down? Or, maybe you’ve got a bit of cash in the bank and think now is the time to get into the real estate investing game.

Banks 114
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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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Making the Market Work Through National Standards and Local Customization

RIS Media

Navigating tectonic technology shifts and proactively innovating for the future, for the last 40-plus years, real estate software company FBS has been laser-focused on serving MLSs (multiple listing services) with technology. On a mission to keep MLS subscribers in the driver’s seat with a number of industry-first innovations under their belt, FBS continues to lead… The post Making the Market Work Through National Standards and Local Customization appeared first on RISMedia.

MLS 120
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CertifID and Old Republic partner to prevent fraud

Housing Wire

Wire fraud prevention firm CertifID and big four title firm Old Republic have entered into a strategic agreement to prevent mortgage payoff fraud , according to an announcement on Thursday. Mortgage payoff fraud occurs when a title company mistakenly sends payoff funds to a fraudulent bank account after receiving wire instructions that appear to be from the mortgage servicer.

Title 451
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Real Brokerage makes $9.25 million deal to settle commissions suit

Real Estate News

The company reached the agreement in the Umpa case, the only major class action involving agent pay to name Real as a defendant.

Brokerage 291
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30 listing lead generation ideas for a post-NAR settlement market

Inman

If you want to build the listing side of your business in the wake of the NAR settlement, Jimmy Burgess has 30 practical, actionable, doable strategies tailor-made for this moment.

Marketing 192
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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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Historic Crown Heights School to Be Converted to Family Shelter

Brownstoner

An early racially integrated school in what was once the free Black community of Weeksville but is now Crown Heights will not become affordable housing as planned after all, but instead will be converted into a homeless shelter. A Brownstoner reader who noticed new windows had recently gone in tipped… Read More > The post Historic Crown Heights School to Be Converted to Family Shelter appeared first on Brownstoner.

As-is 122
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Seattle studied dozens of sites for housing growth. These 24 got picked

Seattle Times Real Estate

The idea is about cultivating "15-minute" neighborhoods, where people can meet their basic needs by walking or biking from home, and spreading housing to areas where not much development has occurred in decades.

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How to Use Social Media to Help Sell a House

RIS Media

In today’s digital age, social media is not just a platform for social interaction but a pivotal tool in the real estate market. With billions of active users, platforms like Facebook, Instagram, LinkedIn, and TikTok offer fantastic opportunities for real estate agents to showcase their listings, connect with potential buyers and build their brands.

Branding 135
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G-Rate sued for gender discrimination, sexual harassment, unpaid comp

Housing Wire

A former loan officer at Guaranteed Rate (G-Rate) has sued the lender and two managers for allegedly discriminating against her on the basis of gender, failing to compensate her equally to male coworkers with similar performance and subjecting her to sexual harassment. In response, the lender said it’s conducting a detailed investigation into the claims.

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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.