Housing Wire

JULY 10, 2024

With the release of the CoreLogic 2024 Q1 Equity Insights report, which Logan discussed last week , and now the FHFA National Mortgage Database Aggregate Statistics , we have a lot of visibility into the financial position of the American homeowner. The important message in the mortgage data is that even as the economy perhaps finally slows and even as mortgage rates stay higher for longer than anyone expected, the housing market remains buoyed by an incredible cushion of very strong borrowers.

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Equity Loans Mortgages Sales 545

Real Estate News

JUNE 22, 2024

New York is one of only two cities where landlords can hire brokers and require renters to pay them. This may be changing — but not if the industry has its way.

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Industrial 354

Inman

JULY 25, 2024

New reports from "The New York Times" and "The Wall Street Journal" suggest that executives at Douglas Elliman and Side had heard about sexual assault allegations made against the Alexander brothers while they worked for their firms.

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Agents 179

RIS Media

JULY 23, 2024

Interest rates may be seeing their first cut this fall, possibly even as soon as September, according to the National Association of REALTORS®’ (NAR) Chief Economist Lawrence Yun. Yun shared this prediction and more during NAR’s recent Residential Real Estate Forecast Summit for 2024. The biggest question looming on many in the industry’s minds is,… The post NAR’s Yun Predicts Interest Rate Cuts, With More to Come in 2025 appeared first on RISMedia.

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Residential As-is Sales Industrial 133

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As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

Agents

Seattle Times Real Estate

JUNE 28, 2024

New data puts the sharp home-price surge into perspective. Take a region-by-region look at how incomes stack up against home prices, and what it takes to afford a one-bedroom apartment.

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Brownstoner

JULY 15, 2024

Brooklyn developer Watermark Capital intends to construct a 30-story apartment tower on the site of the landmarked Duffield Street houses in Downtown Brooklyn, public records show. Potentially the tower could cantilever over the historic houses, which could serve as entrances -- if the project meets with approval of the Landmarks… Read More > The post Developer Watermark Capital Plans 30-Story Tower for Landmarked Duffield Street Houses appeared first on Brownstoner.

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Maximum Exposure Real Estate

JULY 1, 2024

A real estate listing agreement is crucial for selling your property. You will execute the contract with a Realtor who agrees to sell your house. Understanding its intricacies can save you time, money, and stress. I have put considerable effort into explaining everything you should know before signing a listing agreement: The types of real […] The post Crucial Things to Understand About Real Estate Listing Contracts appeared first on Maximum Real Estate Exposure.

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Marketing 132

Marco Santarelli

JULY 5, 2024

As the calendar flips to July 2024 , numerous homeowners and potential buyers are keenly observing the housing market. The pressing question on everyone's mind is: Will the housing market crash again, or are we in for a prolonged period of stability? This article delves into the current trends, expert opinions, and economic indicators to provide a comprehensive outlook on the future of the housing market.

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Marketing Lending Fixed-rate mortgage Investor 131

Calculated Risk Real Estate

FEBRUARY 28, 2024

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.

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As-is Marketing 143

Realty Biz

FEBRUARY 4, 2024

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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Renovation Agents Sales Inspection 143

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Brokerage

Housing Wire

JULY 23, 2024

Sinking sales, rapidly rising inventory and prices at all-time highs — this is the state of the market for existing homes. That’s according to June’s existing-home sales data from the National Association of Realtors (NAR), which reflect the problems that have hampered housing markets since mortgage rates began to rise in 2022. Sales of existing homes in June fell 5.4% year over year and month over month to a seasonally adjusted rate of 3.89 million.

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MLS Sales Inspection Mortgages 495

Real Estate News

JUNE 24, 2024

The associations that own the 16th-largest MLS surprised its leaders with a deal that “scared the absolute hell out of us,” REcolorado’s vice chair said.

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Equity MLS 359

Inman

JULY 17, 2024

California Regional MLS's general counsel talks offers of compensation, seller concessions, steering and buyer agency agreements ahead of his appearance at Inman Connect Las Vegas.

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RIS Media

JULY 11, 2024

Estate planning is arranging for the management and disposal of a person’s estate during their life and after death. It ensures your assets are distributed according to your wishes and provides financial security for your family. I will provide the following information to educate you on the process: The essentials of estate planning and its… The post Estate Planning for Family Members: A Comprehensive Guide appeared first on RISMedia.

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Industrial Agents 139

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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.

Loans

Seattle Times Real Estate

JULY 9, 2024

Seattle hopes to spur hundreds of new apartments in what are now empty office buildings, but converting buildings can be expensive and difficult.

Development 144

Development 144

Brownstoner

JUNE 12, 2024

More than 30 years after the city’s landmarking body first considered preserving a historic section of Willoughby Avenue and Hart Street in Bed Stuy, residents -- some whose brownstones have been in their family for five generations -- were able to share at a public hearing why they are calling… Read More > The post Bed Stuy Homeowners Call on LPC to Preserve Historic Brownstone Blocks appeared first on Brownstoner.

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Eye on Housing

APRIL 10, 2024

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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HomeLight

JULY 26, 2024

Home staging is much more than just a real estate industry buzzword — it’s an essential strategy that can dramatically influence a buyer’s first impression, the sale price of a home, and how quickly it sells. HomeLight’s Summer 2023 Top Agent Insights Report estimates that professional staging can add an average of $8,300 to the resale value of a home.

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Staging Agents Sales Industrial 111

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Sales

Bigger Pockets

JULY 24, 2024

Now that the pandemic boom is over, it's time to scope out the next set of markets gearing up for a boom.

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Marketing 116

Housing Wire

JULY 8, 2024

Since launching in late June, Ryan Serhant’s latest reality TV venture “ Owning Manhattan ” on Netflix , has become quite the phenomenon. Despite debuting on June 28, the show cracked Netflix’s top-10 most streamed shows in the U.S. for the week ending on June 30. The show stars Serhant, who is no stranger to reality TV, having spent a decade starring in Million Dollar Listing New York , among other shows, and several of SERHANT.’s agents and team leaders.

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Agents Residential Sales Closing 526

Housing Wire

JULY 1, 2024

In the game of housing crisis Rochambeau, we play with income, inventory, and policy. Inventory cannot beat inadequate incomes, but better compensation policies can. The labor market has reached peak disengagement rates, partially driven by historic strikes , resignations , non-participation , and silent quitting. By splitting the workforce into five income groups to view homeownership rates, we lay bare a cause for retreat from an increasingly unfair labor market – a system with four times more

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Equity Banks Investor Finance 526

Housing Wire

JULY 23, 2024

Today’s existing home sales report shows that the existing home market is now almost balanced. That might sound strange, but like most things I do, I have a model for it. We are very close to getting this balance nationally and in some markets we’re already there. I have often discussed four months of supply and active inventory between 1.52 and 1.93 million as a balanced market, but this equation has a second variable tied to today’s housing economics: affordability.

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Closing Sales Marketing Mortgages 468

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

Housing Wire

JULY 19, 2024

Artificial intelligence has taken the real estate industry by storm over the past two years and Coldwell Banker is no exception. On Thursday, the Anywhere Real Estate brand announced that it had equipped its exclusive marketing platform tool Listing Concierge with generative AI capabilities. Through this update, the firm says the platform will now allow agents and concierge coordinators to automate the generation of listing descriptions, captions of images and property attributes.

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Technology Branding Agents Industrial 487

Housing Wire

APRIL 24, 2024

Two former New Jersey -based mortgage loan originators have been charged with conspiracy to commit bank fraud by the U.S. Attorney’s Office, District of New Jersey according to an announcement by the U.S. Department of Justice (DOJ) and U.S. Attorney Philip Sellinger. Christopher Gallo has been noted as a top-producing loan originator, at one point being Scotsman Guide ‘s fourth-ranked LO in the country.

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Mortgages Loans Banks Finance 543

Housing Wire

JUNE 5, 2024

The U.S. Department of Housing and Urban Development (HUD) this week announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured housing under a loan program sponsored by the Federal Housing Administration (FHA). The Manufactured Home Community loan product will “will help entities to preserve, stabilize, and revitalize these vital sources of affordable housing,” the department explained.

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Loans Finance Renovation Equity 527

Housing Wire

JULY 22, 2024

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. One of the most common complaints I hear from new agents is that there just aren’t enough hours in the day. My advice is always the same: you don’t need more time; you need a better schedule! A real estate agent’s schedule should be flexible enough to deal with last-minute emergencies yet rigid enough to complete your mission-critical tasks.

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Agents Development As-is Marketing 443

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.

Agents

Housing Wire

MAY 30, 2024

Pending home sales sales dropped 7.7% in April compared to March as rising mortgage rates weighed on the market, according to data released Thursday by the National Association of Realtors (NAR). Year over year, pending transactions fell 7.4%. The NAR’s Pending Home Sales Index declined to 72.3 in April, down from 78.2 in March. All four U.S. regions reported decreases on both a monthly and yearly basis, with the Midwest and West experiencing the largest monthly declines.

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Sales MLS Mortgages Marketing 528

Housing Wire

JULY 17, 2024

International homebuyers purchased the fewest number of existing homes for any year since the National Association of Realtors (NAR) began tracking the data in 2009. On Wednesday, the trade group reported in its 2024 International Transaction in U.S. Residential Real Estate Report that the number of existing homes purchased by international buyers had fallen 36% year over year to 54,300 homes during the year ending in March 2024.

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Sales Residential Marketing 484

Housing Wire

JULY 5, 2024

With today’s jobs report and all the reports we got during this jobs week, can we finally say the Federal Reserve is winning its war against the labor market? I believe the Fed won’t pivot until the labor market breaks. That has been my position since 2022 and we are starting to see some early signs of them successfully attacking the U.S. labor market in the past few months, something I talked about on a recent HousingWire Daily podcast.

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Marketing Construction As-is Mortgages 499

Housing Wire

JULY 24, 2024

While there is no doubt that the Florida housing market has slowed since the height of the post-pandemic homebuying boom, the state’s condominium market has been especially hard hit, according to local agents. “It has definitely slowed,” said Cyndee Haydon , a Seminole-based agent for Future Home Realty. “Inventory has gone from a three-month supply a year ago to at least six months, so really we are into a buyers’ market now.

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Inspection Marketing Lending Agents 456

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