Housing Wire

JUNE 9, 2023

Home prices aren’t crashing, despite what the housing bubble boys are saying. In fact, home prices have firmed up higher recently. The housing bubble boys are a crew that from 2012 to 2019 screamed housing crash every year. They went all in during COVID-19 in 2020, doubled down in 2021 as the forbearance crash bros but really bet the farm on a massive home-price crash in 2023 after the most significant home sales crash ever in 2022.

Inventory 546

Inventory Housing Market New Listings Mortgage 546

Real Estate News

JUNE 27, 2023

New home sales are up 20% year-over-year, according to the U.S. Census Bureau, and lower median prices could help first-time buyers.

Buyers 329

Buyers 329

Inman

JUNE 1, 2023

Doctorow oversaw the company as its revenues and site traffic rose to record highs, the company said. But as with the rest of the industry, Move has shown signs of a slowdown.

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207

Eyes on Housing

JUNE 29, 2023

NAHB analysis of the Census Bureau’s quarterly state and local tax data shows that $174 billion in taxes were paid by property owners in the first quarter of 2023 (not seasonally adjusted).[1] In the four quarters ending Q1 2023, state and local governments collected $714 billion of property tax revenue. The year-over-year growth rate of property tax collections is more.

Property Taxes 193

Property Taxes Home Value Government Real Estate 193

BiggerPockets

JUNE 20, 2023

A house hack that covers all living expenses and allows you to travel the world!? Many people dream of making passive income from real estate, but only some take action.

Real Estate 79

Real Estate 79

Lamacchia Realty

JUNE 15, 2023

Behind the incredible REALTORS® of Lamacchia Realty is a team of over 75 staff members that work tirelessly to support, propel, and operate the independently owned brokerage. Each and every staff member plays an integral role in the continued success of the quickly growing company. Lamacchia Realty views its staff members in the highest regard, fostering the values the full-service, value-based brokerage prides itself on.

Realty 74

Realty Brokerage Agents Real Estate 74

Real Estate News

JUNE 19, 2023

In light of ongoing lawsuits, brokers need to prepare their buyer agents to communicate their value and respond to objections around agreements and fees.

Buyers 293

Buyers Brokerage Agents 293

Inman

JUNE 21, 2023

Bob Goldberg's contract will expire Dec. 31, and the executive plans to retire after three decades at NAR and four decades in real estate, according to the National Association of Realtors.

Contracts 180

Contracts Realtors Real Estate Agents 180

Eyes on Housing

JUNE 12, 2023

The first quarter of 2023 release of the Z.1 Financial Accounts of the United States shows for a third consecutive quarter the value of households’ real estate assets contracted. The combination of economic uncertainty and declining home prices has played a role over the past year in decreasing the value of households’ real estate assets. The level of households’ real.

Real Estate 193

Real Estate Contracts Market Value Marketing 193

BiggerPockets

JUNE 28, 2023

Miami has become the new Austin, and movers in the country's most notoriously expensive markets are taking notice. While the tax-free city seems financially sound on paper, what's the catch?

Marketing 76

Marketing Real Estate 76

Lamacchia Realty

JUNE 2, 2023

Under the leadership of Anthony Lamacchia , Lamacchia Realty was named among RealTrends GameChangers for the third year in a row! These professionals are considered to be changing the game of real estate, as exhibited by high growth rates. GameChangers are chosen based on five-year transaction side percentage data from the RealTrends 500. Lamacchia Realty had the second-highest growth rate among private independent brokerages.

Realty 73

Realty Brokerage Real Estate Realtors 73

Housing Wire

JUNE 11, 2023

After seeing disappointing inventory growth two weeks ago , which I chalked up to the Memorial Day holiday, I was hoping for a big push in active listings last week, but that didn’t happen. And, the recent uptick in mortgage rates to almost 7% slowed purchase application data again. Here’s a quick rundown of the last week: Active inventory grew 6,722 weekly.

Inventory 517

Inventory Housing Market Marketing New Listings 517

Real Estate News

JUNE 30, 2023

MLS PIN has agreed to pay $3 million and stop requiring sellers to offer buyer-broker compensation, a practice at the core of two other major lawsuits.

Sellers 293

Sellers Buyers 293

Inman

JUNE 2, 2023

While AI has the potential to automate and certainly enhance many aspects of the real estate industry, writes California Realtor Ken Sisson, it is unlikely to replace human agents completely anytime soon.

Real Estate Agent 176

Real Estate Agent Real Estate Agents Realtors 176

Eyes on Housing

JUNE 9, 2023

Consumer credit outstanding grew at a seasonal adjusted annual rate of 5.7% in April 2023 per the Federal Reserve’s latest G.19 Consumer Credit report, as revolving and nonrevolving debt grew at 13.1% and 3.2%, respectively (SAAR). Total consumer credit outstanding stands at $4.8 trillion (not seasonally adjusted), with $1.2 trillion in revolving debt and $3.6 trillion in non-revolving debt (NSA).

Lending 179

Lending 179

BiggerPockets

JUNE 19, 2023

Navigating the closing process on a house is a daunting task. Learn how long it takes to close on a house, along with the information you need for the process.

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Lamacchia Realty

JUNE 6, 2023

Lamacchia Realty, Inc. has released its “Top Producing REALTORS®,” for May 2023! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! May 2023 Winners of the Top 10 for the Company are: Michael Valencia is a passionate and knowledgeable REALTOR® with almost two decades of active-duty military experience.

Realtors 73

Realtors Realty Real Estate Clients 73

Housing Wire

JUNE 13, 2023

Inflation was running over 9% last year and the headline inflation growth rate has cooled off a lot recently. Does this mean the Federal Reserve will pivot soon to prevent a recession? I don’t believe they will, but the growth rate of headline inflation falling is good enough for them to pause rate hikes tomorrow. The core aspect of inflation is taking time to head lower, and this is the part of the inflation picture that the Fed cares most about.

Marketing 496

Marketing Mortgage Housing Market 496

Real Estate News

JUNE 28, 2023

A former employee has filed a lawsuit alleging she was unfairly fired after ending a relationship with National Association of Realtors President Kenny Parcell.

Realtors 279

Realtors 279

Inman

JUNE 30, 2023

The National Association of Realtors tapped an independent law firm to investigate sexual and racial harassment allegations, ultimately choosing to "reject" claims made by a former employee.

Agents 164

Agents Law Realtors Realty 164

Eyes on Housing

JUNE 5, 2023

NAHB analysis of the most recent 2021 American Community Survey (ACS) data reveals that the median age of construction workers is 42, one year older than a typical worker in the national labor force. Attracting skilled labor is still the primary long-term goal for construction, even though a slowing housing market has eased some pressure on current tight labor market.

Construction 179

Construction Housing Market Marketing 179

BiggerPockets

JUNE 26, 2023

Have you ever wondered how to get a preapproval mortgage? Learn about how to get your preapproval mortgage, and the differences between the types of approvals.

Mortgage 78

Mortgage Finance 78

Lamacchia Realty

JUNE 12, 2023

FUN THINGS TO DO IN NEW ENGLAND THIS SUMMER Residents and tourists alike believe that New England is one of the best places to be. New Englanders are fortunate enough to experience the beauty of all four seasons. However, there is an undeniable charm and excitement that accompanies the arrival of summer in this area. New Englanders eagerly look forward to this time of year when the sun shines brightly, and they can engage in various enjoyable activities.

Realty 72

Realty 72

Housing Wire

JUNE 2, 2023

We’ve had some odd job reports over the years, but the key is to always follow the trend. That’s especially important with Friday’s data , which showed 339,000 jobs were created in May even while the unemployment rate increased. As someone who wrote that we should get job openings toward 10 million in this expansion, I am always mindful of my other labor talking point.

Marketing 450

Marketing Transportation Construction Government 450

Real Estate News

JUNE 27, 2023

Glenn Sanford’s “State of the Union” hints at strategic partnerships, an exclusive lead-gen strategy and investments in attracting teams.

Investing 293

Investing 293

Inman

JUNE 29, 2023

The number of new listings coming onto the market has plunged since June 2022, according to data released Thursday by Redfin. Transaction levels remain low even as home prices creep higher.

New Listings 164

New Listings Marketing Inventory Housing Market 164

Eyes on Housing

JUNE 15, 2023

According to the latest Producer Price Index report, the prices of inputs to residential construction less energy (i.e., building materials) decreased 0.1% in May 2023 (not seasonally adjusted), following a 0.2% drop in April. The index has gained 0.3%, year-to-date, a stark contrast from the 10.2% and 4.9% YTD increases seen in 2021 and 2022, respectively.

Construction 174

Construction 174

BiggerPockets

JUNE 19, 2023

Don’t know where to find undervalued rental properties? Thankfully, we’ve got some experts who do. Finding a below-market-value property is much easier than most people think.

Marketing 74

Marketing Market Value Real Estate 74

National Association of Realtors

JUNE 1, 2023

The White House's Property Appraisal and Valuation Equity (PAVE) Task Force has announced significant regulatory actions and changes to address appraisal bias and the home appraisal process.

Appraisal 72

Appraisal Appraisal Process Property Appraisal Valuation 72

Housing Wire

JUNE 28, 2023

Zillow Group ’s attempt to streamline the home buying experience by offering all facets of the transaction process on one platform has hit a road bump. The real estate listing giant announced on Monday that it is sunsetting its title and escrow provider, Zillow Closing Services. “Integrating the real estate transaction to make buying and selling simpler for customers remains our core strategy and we believe offering title and escrow is a critical component,” a Zillow spokesperson wrote in an ema

Real Estate 432

Real Estate Marketing Insurance 432

Real Estate News

JUNE 10, 2023

Most consumers think it's a bad time to buy, and many expect rates to rise — but nearly a fifth of adults still plan to buy a home in the next 12 months.

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279

Inman

JUNE 23, 2023

Join us this summer at Inman Connect Las Vegas — the transformative event that empowers real estate professionals to proactively position themselves for growth and seize the moment.

Real Estate 164

Real Estate Brokerage Agents 164

Eyes on Housing

JUNE 14, 2023

The Federal Reserve’s monetary policy committee maintained the federal funds rate at a top target rate of 5.25% at the conclusion of its June meeting. The Fed will also continue to reduce its balance sheet holdings of Treasuries and mortgage-backed securities. Despite the June pause, the Fed’s projections indicated perhaps two more rate hikes are in store in the coming.

Mortgage 174

Mortgage 174

BiggerPockets

JUNE 17, 2023

CoreLogic's annual hurricane risk report came out recently, providing some dire news about homes in at-risk areas. Are your properties in the crosshairs?

Real Estate 79

Real Estate 79