Housing Wire

MAY 1, 2024

In light of the jury verdict in the Sitzer/Burnett suit and the terms of the National Association of Realtor’s nationwide settlement agreement of the commission lawsuits , several prominent industry analysts believe Zillow will struggle with its financial performance. On Wednesday evening, during the firm’s Q1 2024 earnings call with investor and analysts, CEO Rich Barton took a contrary view: Zillow is just beginning to unlock its revenue generating potential.

Agents 440

Agents Real Estate Contracts Real Estate Agent 440

Appraisal Buzz

MAY 1, 2024

In this week’s episode, host Hal Humphreys talks with Kevin Hecht, Appraisal Training and Development Manager and Real Estate Economist for McKissock. It seems like the market is starting to pick up for the spring across the nation, but we haven’t seen any significant interest rate changes. What can appraisers expect from the market in the near future?

Real Estate 351

Real Estate Marketing Training Valuation 351

Real Estate News

APRIL 30, 2024

The NAR settlement does not address home search portals, but Zillow wants to make it easier for buyers to try out an agent in a way that aligns with new rules.

Agents 313

Agents Buyers 313

Sacramento Appraisal Blog

MAY 2, 2024

Consumers are feeling economic pain, and we need to talk about some of the things that are brewing. Today, I want to look at growing debt, distressed sales, and unemployment. I have both national and local stats. Sounds like a happy post, right? Look, some people really hype this topic and use it to magnify […] The post Some red flags for the housing market first appeared on Sacramento Appraisal Blog.

Housing Market 232

Housing Market Marketing Appraisal 232

Inman

MAY 1, 2024

The class of 45 honorees represents the real estate industry's brightest achievers under the age of 40. Future Leaders is the latest addition to Inman’s growing industry-leading awards program.

Real Estate 186

Real Estate 186

Housing Wire

APRIL 30, 2024

Home prices were near an all-time high in February. The S&P CoreLogic Case-Shiller U.S. National Home Price Index posted a 6.4% annual gain in February, up from a 6% gain in January, according to the newest report released Tuesday. It was the largest annualized increase recorded since November 2022. On an annual basis, the 10-city composite index grew by 8%, up from 7.4% the previous month.

Inventory 479

Inventory Realtors Buyers Marketing 479

Real Estate News

APRIL 30, 2024

Mark Willis returned to Keller Williams after a 7-year hiatus, and he’s ready to lead in a new way. “It’s not about proving myself. It’s about impact.

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Eyes on Housing

APRIL 25, 2024

Housing’s share of the economy rose to 16.1% in the first quarter of 2024. The share remained below 16% for all of 2023 at 15.9% in each of the four quarters. This increase to above 16% marks the first-time housing’s share of GDP is above 16% since 2022. In the first quarter, the more cyclical.

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Inman

MAY 1, 2024

The Atlanta-based Village Premier Collection, led by Cheri Benjamin, has joined Real under its Private Label program. The company has roughly 500 agents and closed $665 million in sales in 2023.

Brokerage 183

Brokerage Agents 183

Housing Wire

APRIL 30, 2024

As the July deadline for the implementation of the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement approaches, the trade organization is looking to iron out some details about buyer broker agreements. Under the terms of the settlement agreement , agents will have to have a written agreement with a client in order to work with them as a buyer’s agent.

Buyers 466

Buyers Open Houses Sellers Agents 466

Appraiserblogs

MAY 2, 2024

At a recent appraisal event, a GSE executive, after a few drinks, privately told his nearby colleagues that we suck as an industry. Last year, Phil Crawford and I reported on GSE efforts to send unsigned complaints to state boards at scale. Appraisers had no recourse but to defend themselves from the state boards without knowing who their accusers were.

Appraisal 98

Appraisal 98

Real Estate News

APRIL 25, 2024

During the T3 Leadership Summit, the eXp founder discussed some of his early challenges, the need for internal disruption, and his international ambitions.

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Eyes on Housing

APRIL 26, 2024

NAHB recently updated its 2024 priced out estimates, showing how higher prices and interest rates affect housing affordability. The new estimates show that affordability is a serious problem even before any further price or interest rate increases. Already in 2024, 103.5 million households are not able to afford a median priced new home ($495,750[1]).

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Inman

MAY 1, 2024

In an email, the 1.5 million member trade group specified when agents would have to have signed written agreements with buyers, but stressed NAR would not dictate the agreements' terms.

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Contracts Buyers Agents Realtors 165

Housing Wire

APRIL 27, 2024

Active weekly housing inventory growth slowed slightly last week, but it’s still running at a healthier clip than in 2023. I have a simple model with mortgage rates being above 7.25%: weekly inventory data should grow between 11,000-17,000 per week. Last year, we never hit that target. We have now seen it for two weeks as inventory grew by 13,247. Weekly housing inventory data We’ve now had back-to-back weeks of healthy housing inventory growth and spring 2024 is much healthier than spring 2023

Inventory 504

Inventory Housing Market Marketing New Listings 504

Birmingham Appraisal

MAY 1, 2024

Home Renovations and Appraisal Value As an appraiser, I get asked about how much value will be added for different types of home projects or renovations. The truth of the matter is that it is difficult to give a straightforward answer. Contrary to what you see on the home improvement shows it is not always possible for an appraiser to shoot from the hip and reply back “An updated kitchen will add $50,000 to the value of your house” There are so many factors that must be taken into co

Renovations 75

Renovations Appraisal Real Estate Agent Construction 75

Real Estate News

APRIL 26, 2024

The last defendant standing in the Sitzer/Burnett case reaches a whopping settlement that will protect its 70,000 agents plus brands and franchises.

Agents 278

Agents 278

Eyes on Housing

MAY 1, 2024

The Federal Reserve’s monetary policy committee held constant the federal funds rate constant at a top target of 5.5% at the conclusion of its April-May meeting. In its statement, the Federal Open Market Committee (FOMC) noted: Recent indicators suggest that economic activity has continued to expand at a solid pace.

Marketing 110

Marketing 110

Inman

APRIL 30, 2024

Expressing your value to clients begins with knowing yourself, writes mega-team leader Carl Medford. You cannot articulate what you have never taken the time to determine on your own.

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Buyers Clients Realtors Brokerage 174

Housing Wire

MAY 1, 2024

As existing home sales dropped to the lowest level it has seen in nearly three decades in 2023 , title insurance premium volume also took a hit. In 2023, the title insurance industry generated $15.1 billion in title insurance premiums, a 31% annual drop, according to the American Land Title Association’s Market Share Analysis , released Tuesday. In 2022 , the title industry generated $21 billion in premiums.

Insurance 426

Insurance Marketing Mortgage Finance 426

BiggerPockets

APRIL 30, 2024

Why are rock stars turning to real estate side hustles to pay their bills? During the lockdowns, many musicians, gig workers, and creatives saw their income streams dwindle.

Real Estate 76

Real Estate 76

Real Estate News

MAY 1, 2024

The filing comes just days after the company settled similar cases brought by sellers. The firm maintains its practices were “lawful and procompetitive.

Law 232

Law Sellers 232

Eyes on Housing

MAY 1, 2024

Due to tightened monetary policy, the count of total job openings for the entire economy has trended lower over the last year. This is consistent with a somewhat cooler economy that is a positive sign for future inflation readings. However, the number of open jobs for the aggregate economy was relatively unchanged in March per.

Construction 103

Construction 103

Inman

APRIL 29, 2024

As the commission landscape changes, Side's Hilary Saunders writes, it's time for agents, teams and brokerages to look at the ways this will improve the industry's reputation.

Agents 180

Agents Real Estate Brokerage Real Estate Agent 180

Housing Wire

APRIL 29, 2024

Small-balance commercial lender Stronghill Capital shut down its nascent consumer and correspondent lending businesses late last week. The Austin, Texas-based lender will continue offering small-balance commercial and business purpose debt service coverage ratio (DSCR) loans to its clients, CEO John Eisinger told HousingWire Monday morning. He cited a difficult market and elevated rates as reasons for shutting down correspondent and consumer lending businesses , which were added in 2022.

Lending 458

Lending Clients Business Real Estate 458

BiggerPockets

APRIL 29, 2024

A record 300,000 migrants entered the U.S. through the southern border in December. Rather than trying to sneak past border agents, many surrendered to apply for asylum.

Housing Market 83

Housing Market Investors Marketing Agents 83

Real Estate News

APRIL 25, 2024

In a conversation with Real Estate News, Dr. Courtney Johnson Rose of NAREB discussed the pros and cons of the recent settlement and upcoming rule changes.

Buyers 274

Buyers Agents Real Estate 274

Lamacchia Realty

APRIL 29, 2024

We are pleased to announce that Emerson Realtors out of Auburn, Massachusetts have joined forces with Lamacchia Realty. Emerson Realtors was co-founded by Kevin Maher, a fifth generation REALTOR® whose career spanned an impressive 45 years. Lamacchia Realty has been serving Auburn and the surrounding areas for over a decade, and the Lamacchia Worcester office was the top real estate office in Worcester County in 2023 by transaction.

Realtors 78

Realtors Realty Real Estate Brokerage 78

Inman

APRIL 30, 2024

Keller Williams president and CEO Mark Willis sat with Real Estate News to talk about his return to the Texas franchiser and how commission lawsuits could spark a new wave of brokerage and agent consolidation.

Brokerage 166

Brokerage Real Estate Agents 166

Housing Wire

MAY 1, 2024

Less than a week after HomeServices of America settled the home seller commission lawsuits for $250 million , the firm again finds itself in the crosshairs of antitrust litigation. On Monday, homebuyer James Lutz filed a class-action antitrust lawsuit in a U.S. district court in Florida, accusing HomeServices and its subsidiaries, BHH Affiliates and HSF Affiliates , of conspiring to artificially inflate real estate agent commissions.

Sellers 422

Sellers Realtors Real Estate Agent Real Estate 422

Appraisal Today

APRIL 26, 2024

What Does Arm’s Length Mean in Real Estate? The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. However, there are six other types of real estate transactions that you need to know about so you can specify these sale types in your appraisal report as they can affect the market value of the property.

Appraisal 75

Appraisal Real Estate Real Estate Agent Contracts 75

Real Estate News

MAY 1, 2024

During an earnings call, Glenn Sanford said he wants to help agents “in the middle,” while noting that revenue was up and touching on the commissions lawsuits.

Agents 220

Agents 220

Eppraisal

APRIL 30, 2024

As you embark on the journey of purchasing your first home, the decision-making process can feel overwhelming. From location to budget and everything in between, there are numerous factors to weigh. Understanding the pivotal elements that influence your choice can simplify this process significantly. Here, we delve into the five key factors crucial in determining which house to buy as you venture into homeownership.

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Transportation Property Taxes Development Investing 62

Inman

APRIL 26, 2024

HomeServices was potentially on the hook for the remaining $4.7 billion in damages from an Oct. 31 jury verdict in Sitzer | Burnett, which awarded plaintiffs $5.3 billion.

Brokerage 186

Brokerage Agents 186