Housing Wire

SEPTEMBER 15, 2024

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s review the data together. Purchase application data First, purchase apps is the fastest way to look for positive or negative data at higher or lower mortgage rates.

Mortgages 513

Mortgages Sales As-is Marketing 513

Real Estate News

SEPTEMBER 16, 2024

Using the “one-third” formula, the plaintiffs’ lawyers are asking for more than $225 million from the two commissions settlements, plus other expenses.

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302

Keeping Current Matters

SEPTEMBER 17, 2024

Mortgage rates have hit their lowest point in over a year and a half.

Mortgages 288

Mortgages 288

Inman

SEPTEMBER 17, 2024

The new commission rules are confusing. Compliance expert Summer Goralik unpacks whether it’s possible to confirm if a seller is willing to compensate buyer’s agents.

Agents 189

Agents Brokerage Marketing 189

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Agents

Housing Wire

SEPTEMBER 18, 2024

For those of us in the mortgage world, the spring and summer market may be showing some signs of slowing down, and what a ride this market has been. If the past few years have taught us anything, even the veterans must find ways to adapt, and anything can happen in our industry. You deserve a pat on the back if you are still standing because it has been a wild ride.

Industrial 424

Industrial Mortgages Loan Officer Loans 424

Keeping Current Matters

SEPTEMBER 18, 2024

Even though affordability is improving, buying a home can still feel tough right now.

New Construction 208

New Construction Construction 208

Inman

SEPTEMBER 17, 2024

Mortgage rates have dropped to their lowest levels since 2023 in 22 of the 50 largest U.S. metros — even as rent prices continue to rise, according to a new analysis from Zillow released on Monday.

Mortgages 180

Mortgages Marketing 180

Housing Wire

SEPTEMBER 15, 2024

In what has become a familiar fall ritual, mortgage lenders are increasing their conforming loan limits months ahead of the FHFA’s official announcement. On Friday, Rocket Pro TPO and Pennymac both announced an increase in their conforming loan limits to $802,650 — before the expected increase by the FHFA in November. Rocket’s increase was effective Friday and Pennymac’s increase will be effective for new broker locks on Monday, Sept. 16.

Loans 491

Loans Mortgages As-is 491

Real Estate News

SEPTEMBER 14, 2024

Leaders from eXp and two indie firms announce Realty of America; Compass loses Florida agents to The Agency and Elliman; Christie's, E&V, Corcoran expand.

Brokerage 264

Brokerage Agents 264

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Agents

Keeping Current Matters

SEPTEMBER 19, 2024

If you’ve been hesitant to list your house because you’re worried no one’s buying, here’s your sign it may be time to talk with an agent.

Mortgages 185

Mortgages Agents 185

Inman

SEPTEMBER 16, 2024

Whether you’re negotiating on behalf of buyers or sellers, face-to-face or on Zoom, these 10 tips will help you be a better negotiator in a time when negotiation has never been more critical, Bernice Ross writes.

Agents 183

Agents 183

Housing Wire

SEPTEMBER 17, 2024

Home equity solutions provider Unison launched a new product on Tuesday that combines the features of traditional mortgage financing and emerging home equity investment (HEI) options. The San Francisco -based Unison calls its new offering the Equity Sharing Home Loan. The company explained that the product operates as a ”hybrid between debt and equity.

Equity 431

Equity Loans Debt-to-income ratio Finance 431

Real Estate News

SEPTEMBER 18, 2024

The board took an aggressive approach with its 50-basis point cut, and signaled that two more cuts are coming this year.

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Loans

Keeping Current Matters

SEPTEMBER 16, 2024

A shift is underway in the housing market this season.

Marketing 249

Marketing Mortgages 249

Inman

SEPTEMBER 16, 2024

The Obamas lived in the apartment from 1993 to 2005. The home is now being sold by Grammy-award-winning jazz singer Kurt Elling and his wife, Jennifer Elling.

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194

Housing Wire

SEPTEMBER 17, 2024

Homebuilder confidence has been declining for months, but positive developments with mortgage rates are giving them a rosier outlook. That’s according to the September Housing Market Index (HMI) from the National Association of Home Builders (NAHB) and Wells Fargo. The index rose to 41, growing by two points relative to August. A score above 50 means that a majority of builders are confident about market conditions.

Mortgages 429

Mortgages Construction Land Development 429

Real Estate News

SEPTEMBER 17, 2024

While a rate cut — which could further drive down mortgage rates — would help homebuyers, there are other headwinds at play in the final months of 2024.

Mortgages 213

Mortgages 213

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Sales

BubbleInfo

SEPTEMBER 18, 2024

The new rules don’t allow the MLS to publish on active listings how much buyer-agent commission is being offered by the seller and listing agent. But in a strange quirk, the CRMLS – the biggest MLS in California covering about half of the state – now requires that when marking a listing sold, the listing […] The post Concessions Paid After One Month first appeared on bubbleinfo.com.

MLS 111

MLS Agents 111

Inman

SEPTEMBER 17, 2024

If you want to add to your safety and security toolbox, build value, protect your clients and stay safe in the field, check out these recommendations from Tracey “The Safety Lady” Hawkins.

Technology 168

Technology Agents 168

Housing Wire

SEPTEMBER 16, 2024

In 2024, the United States has already battled a year of extremes from tornadoes, hurricanes and flash flooding. Watery catastrophes have become far more and condo flooding is on the rise. September tends to be the most active month of the hurricane season. Of storms recorded in the Atlantic over time, over one-third have formed during September. The immense flooding that occurs during storm season can lead to evacuations and widespread power outages as we continue to feel the increasing severit

Property Management 441

Property Management Residential Development As-is 441

Real Estate News

SEPTEMBER 16, 2024

The cloud-based brokerage will pay three installments into the settlement fund over the next two years, pushing the fund total past the $1 billion mark.

Brokerage 206

Brokerage 206

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Brokerage

RIS Media

SEPTEMBER 17, 2024

Home prices have continued to slow their annual appreciation, however their monthly appreciation appears to have come to a halt, according to the latest data from CoreLogic. CoreLogic’s latest Home Price Index found that July’s home price data was the 150th consecutive month of annual growth, however the rate continues to cool as it has… The post Home Price Growth Sees No Monthly Change for the First Time in a Decade appeared first on RISMedia.

Industrial 119

Industrial Marketing 119

Inman

SEPTEMBER 17, 2024

Whether it’s buyers trying to nickel and dime your sellers or sellers asking for a piece of your commission, trainer Bernice Ross writes, the key is to put your foot down and say no.

Agents 163

Agents 163

Housing Wire

SEPTEMBER 17, 2024

Federal Reserve policymakers are expected to lower the benchmark interest rate on Wednesday for the first time in more than four years. But it appears to be anyone’s guess as to how large the cut will be. Interest rate traders were giving shorter odds on Tuesday afternoon to a cut of 50 basis points (bps), which would trim the Fed’s target range to 4.75% to 5%.

Mortgages 425

Mortgages Loans Land Construction 425

Real Estate News

SEPTEMBER 18, 2024

Housing starts and completions rose year-over-year, and builders expressed more confidence this month — but a significant housing shortfall remains.

Construction 172

Construction 172

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.

Agents

RIS Media

SEPTEMBER 17, 2024

Fathom Realty is the latest brokerage to strike a settlement in the seller-filed commission lawsuits, agreeing to pay $2.95 million over the next two years, according to an SEC filing as the company seeks to ensure “our agents continue to have the opportunity to excel in their service to clients.” “Fathom Realty was founded on… The post Fathom Settles Commission Suits, Will Pay $2.95M Over Two Years appeared first on RISMedia.

Brokerage 118

Brokerage Agents As-is Industrial 118

Inman

SEPTEMBER 16, 2024

The super-narrow house in Boston's North End has long been associated with lore of two brothers fighting over property rights around the Civil War, but newly scrutinized archival documents shows that the tall tale may be erroneous.

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Housing Wire

SEPTEMBER 17, 2024

The federal government is launching a campaign on Zillow to help provide housing counseling services to more Americans. The Department of U.S. Department of Housing and Urban Development (HUD) on Tuesday also will publish a new final rule in the Federal Register to expand accepted communication methods for counseling clients. Zillow advertising partnership Zillow is estimated to reach more than 200 million users per month, and the partnership includes advertising for HUD’s “Let’s Make Home the G

Pre-approval 421

Pre-approval Principal Design Development 421