2024

article thumbnail

NAR runs out of liability insurance coverage: Sources

Housing Wire

Three sources, who have asked to remain anonymous, have confirmed to HousingWire that the National Association of Realtors (NAR) has run out of liability insurance funds. The news about NAR’s insurance predicament began circulating late Wednesday , with industry analyst Rob Hahn highlighting the news in the Thursday edition of his email newsletter NotoriousROB.

article thumbnail

Strength in home prices helped boost Fannie, Freddie 2023 profits

Inman

With a combined net worth of $125 billion after earnings this week, the mortgage giants remain on a path that could lead to eventual release from government conservatorship if political winds shift.

Mortgages 217
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Freddie Reports Surge in Multifamily Serious Delinquencies

Calculated Risk Real Estate

This is no surprise, but still a very large monthly increase in the delinquency rate. The multifamily rate increased recently as rent growth has slowed (and rents are falling in some areas), vacancy rates have increased, and borrowing rates have increased sharply. Freddie Mac reports that the multi-family serious delinquency rate increased sharply in January to 0.44% from 0.28% in December, and up from 0.12% in January 2023.

As-is 141
article thumbnail

Navigating House Options During a Divorce

RIS Media

Divorce is not just an emotional upheaval but also a time of significant financial and legal decisions. It’s especially true when it comes to shared housing. The marital home is often more than just an asset. It’s a repository of memories and dreams. Deciding what to do with it during a divorce can be particularly… The post Navigating House Options During a Divorce appeared first on RISMedia.

article thumbnail

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.

article thumbnail

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.

More Trending

article thumbnail

DOJ to court: Buyers need to set their agents’ compensation

Real Estate News

A statement of interest filed late Thursday by the Department of Justice savages the proposed MLS PIN settlement, and calls out MLSs for limiting competition.

MLS 137
article thumbnail

Twenty Two Mistakes to Avoid as a First-Time Buyer

Maximum Exposure Real Estate

Do you know the most common first-time home buyer mistakes? You probably feel overwhelmed if this is your first time buying a house. There is a lot to learn, and it can feel like a bit of a juggling act—which can be hard to do when you’ve never juggled before. Fortunately, plenty of people have […] The post Twenty Two Mistakes to Avoid as a First-Time Buyer appeared first on Maximum Real Estate Exposure.

As-is 135
article thumbnail

The Age of the U.S. Housing Stock

Eye on Housing

The median age of owner-occupied homes is 40 years old, according to the latest data from the 2022 American Community Survey[1]. The U.S. owner-occupied housing stock is aging rapidly especially after the Great Recession, as the residential construction continues to fall behind in the number of new homes built. New home construction faces headwinds such as rising material costs, labor.

article thumbnail

Investors Are Buying a Record Share of Low-Priced Homes—What Does It Mean for the Market?

Bigger Pockets

In Q1 2023, investors bought 49% fewer homes than the year prior. Now, we're seeing a rise in investor activity again, with certain property classes more popular than others. What are investors doing, and what should you be buying?

Investor 118
article thumbnail

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.

article thumbnail

Support, Skepticism at Hearing on Exempting 250-Unit Developments From Environmental Review

Brownstoner

A change to city rules that would allow up to 250-unit, 250-foot-tall residential developments to be built without going through the city’s environmental review process was largely met with support at a public hearing Wednesday. However, Brooklyn was heavily represented in those who spoke against the proposal, with speakers saying… Read More > The post Support, Skepticism at Hearing on Exempting 250-Unit Developments From Environmental Review appeared first on Brownstoner.

article thumbnail

Are mortgage rates about to break out higher again?

Housing Wire

Will mortgage rates break toward 8% again, making another 2024 data line that looks like a carbon copy of 2023? It’s not part of my 2024 forecast, but since the Federal Reserve likes playing with fire , let’s look at where we are with mortgage rates and their impact on weekly housing data. Mortgage rates and the 10-year yield The 10-year yield is the key for housing in 2024.

Mortgages 532
article thumbnail

Buyer agency contracts riddled with ‘unfair’ terms, CFA declares

Inman

The Consumer Federation of America, a watchdog group, examined 43 contracts from 37 states, most from state or local Realtor associations, and found practices it believes worthy of scrutiny.

Brokerage 194
article thumbnail

Young Adults Are Living at Home, but Homeownership Could Be Their Next Address

NAR: Economic Outlook

Young Adults Are Living at Home; Homeownership Next? The share of young adults living at home is back on the rise; this might make it easier for them to save for a down payment on a home.

129
129
article thumbnail

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.

article thumbnail

Emotional Considerations and Conflict Resolution In a Home Buyout

RIS Media

Home buyouts, especially in the throes of a divorce or during the challenging process of family inheritance, are laden with more than just financial considerations; they carry a heavy emotional weight. Often seen as a haven and a repository of memories, the home becomes a central figure in these life-altering events. Recognizing and addressing the… The post Emotional Considerations and Conflict Resolution In a Home Buyout appeared first on RISMedia.

article thumbnail

Top Tips and Considerations For Buying Land

Realty Biz

Buying land represents a pivotal investment in one's future. Unlike purchasing a ready-made home, it offers the flexibility to design and build according to personal or business needs. However, the process involves intricate steps, from understanding zoning laws to securing financing and conducting due diligence. Each stage demands careful consideration to avoid common pitfalls and ensure the land meets your long-term objectives.

Land 132
article thumbnail

Kenmore’s canceled affordable housing project draws sharp criticism

Seattle Times Real Estate

Plymouth Housing — which operates permanent supportive housing for nearly 1,200 people — said it’s never come so far on a project to have it end so suddenly.

145
145
article thumbnail

3 top takeaways as the DOJ takes on commissions

Real Estate News

The newest statement from the Department of Justice focuses on one MLS settlement in a specific case but could be a blueprint for the industry as a whole.

MLS 134
article thumbnail

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.

article thumbnail

23 Energy Saving Tips for Winter Around Your House

Maximum Exposure Real Estate

Would you like to learn how to save energy at home? Who wouldn’t, right? For some people, winter is a beautiful season. It is filled with holiday cheer and plenty of activities that can only happen when the temperature drops. For others, it is a season that causes great discomfort, one that can only be […] The post 23 Energy Saving Tips for Winter Around Your House appeared first on Maximum Real Estate Exposure.

Marketing 126
article thumbnail

Why Buyers Are Turning to Homes with Dopamine-Inducing Decor

Sotheby's International Real Estate

Jason Friedman and Ruby Friedman – Daniel Gale Sotheby’s International Realty Dopamine increases your happiness, alertness, concentration, and motivation. The best part? With the right stimulus, your brain manufactures it for you. That’s why dopamine decor has become such a popular and powerful aesthetic when furnishing the home. Following the trend of “dopamine dressing” in fashion—where colors and textures can help activate the “feel-good neurotransmitter” in the brain—dopamine dec

Design 128
article thumbnail

Investors Are Abandoning Their Short-Term Rentals and Converting Them Mid-Term Rentals—Here’s Why

Bigger Pockets

Now that hundreds of cities and towns across the country are moving to ban or limit short-term rentals, investors who used to make bank off these properties have to readjust their strategies to stay in the game. Here's one way that they're doing it—and it's proving to be just as lucrative.

Investor 126
article thumbnail

A letter from the publisher: What value do you place on local news in your neighborhood?

Brownstoner

One of the first community newspapers I acquired came with three vaults in the office. I was given the combination for each, but no longer had use for them. The vaults had been used to store the revenue collected from sales of newspapers at newsstands and subscriptions, but that was no… Read More > The post A letter from the publisher: What value do you place on local news in your neighborhood?

Sales 112
article thumbnail

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.

article thumbnail

Rocket to shut down origination channel for real estate and insurance agents

Housing Wire

Rocket Companies will soon shut down Rocket Pro Originate , a mortgage origination platform for real estate agents, insurance agents, tax professionals and other financial professionals who are also licensed to originate mortgages. According to a copy of an email sent to affected originators this week and reviewed by HousingWire, the Rocket Pro Originate platform — part of the company’s third-party origination channel — is to be sunset by the end of June.

Agents 483
article thumbnail

Inman’s 2024 Global Real Estate Influencers revealed

Inman

Broker and reality television legend Ryan Serhant headlines an all-star roster of the industry's most compelling voices for the second-annual Inman Global Real Estate Influencers program.

article thumbnail

The Share of All Cash Buyers Highest Since 2014 at 32% of All Buyers

NAR: Economic Outlook

The Share of All Cash Buyers Highest Since 2014 at 32% Since October 2022, all-cash home buyers who did not finance their recent home purchase have been more than one-quarter of the real estate market.

Finance 120
article thumbnail

Questions to Ask a REALTOR® When Getting Divorced

RIS Media

Divorce can be challenging and emotional, and one of the significant decisions couples often face is selling their house. Selling a house during divorce can complicate an already difficult situation. That’s where hiring a REALTOR® with divorce experience comes in. Divorcing couples can navigate the home-selling process far more efficiently with a pro in their… The post Questions to Ask a REALTOR® When Getting Divorced appeared first on RISMedia.

article thumbnail

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.