Housing Wire

SEPTEMBER 27, 2024

The majority of homebuyers are still expecting sellers to cover their agent’s compensation, according to The Real Brokerage ’s August 2024 agent survey. This comes even as the business practice changes outlined in the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement have been implemented across the country. Real conducted its survey between Aug. 30 and Sept. 15, recording the responses of roughly 300 agents across North America.

Sellers 497

Sellers Agents Buyers Brokerage 497

Appraisal Buzz

SEPTEMBER 25, 2024

The Federal Housing Finance Agency (FHFA) has announced that it will revisit its proposal to amend the Suspended Counterparty Program (SCP). The SCP regulation requires a regulated entity to report to FHFA if an individual or institution that it does business with has committed certain types of misconduct within the prior three years. It also authorizes FHFA to order its regulated entities to cease doing business or refrain from entering into new business with certain counterparties.

Finance 433

Finance Business Real Property Development 433

Sacramento Appraisal Blog

SEPTEMBER 25, 2024

It’s a mess out there right now since the NAR lawsuit went into effect. Well, sort of. It feels messy that concessions information is no longer in MLS, there’s some confusion about how appraisers are handling some of this, and we have a new question to ask. Let’s talk about it. UPCOMING SPEAKING GIGS: 10/18/24 […] The post The hot mess of concessions in real estate first appeared on Sacramento Appraisal Blog.

Real Estate 347

Real Estate Appraisal Appraisal Tips Real Estate Agent 347

Real Estate News

SEPTEMBER 27, 2024

The new law, which takes effect Jan. 1, allows agreements to be extended — but not automatically. It was created in response to the NAR settlement.

Buyers 280

Buyers Law Agents 280

Housing Wire

SEPTEMBER 22, 2024

Have we seen the bottom in mortgage rates for 2024 after a crazy roller coaster ride so far this year? My 2024 forecast had a mortgage rate range of 7.25%-5.75%. To get to the lower end of this range, we needed to see two things: the labor market getting softer and the mortgage spreads improving. This is the double-whammy impact, and that’s what has happened.

Mortgage 491

Mortgage Inventory New Listings Contracts 491

Appraisal Buzz

SEPTEMBER 27, 2024

The Federal Housing Finance Agency (FHFA) has announced the release of a new data visualization dashboard , an interactive tool for tracking data on multifamily mortgages that enables users to review details about loans and properties at both the state and national levels. Powered by the Public Use Database (PUDB) of mortgage acquisitions by Fannie Mae and Freddie Mac (the GSEs), the dashboard is a more accessible way to view and understand data on multifamily mortgages.

Mortgage 394

Mortgage Tools Finance Appraisal 394

Real Estate News

SEPTEMBER 26, 2024

While touring is up, mortgage purchase applications and pending sales are subdued. Inventory shows some promise but “extra stale” listings have increased.

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Buyers Inventory Mortgage 251

Housing Wire

SEPTEMBER 26, 2024

The question from the housing industry after the Federal Reserve ’s half-point interest rate cut is simple — will this bring buyers back to the stalled housing market? A new report from Redfin suggests that it is already happening. The company analyzed mortgage rate-lock data from Optimal Blue and found that locks have risen 68% this week compared to one month earlier.

Real Estate Agent 432

Real Estate Agent Housing Market Agents Buyers 432

Appraisal Buzz

SEPTEMBER 23, 2024

Millennials and Gen Z account for 41% of today’s homebuyers, and last year, made up the largest share of veteran and military home buyers. Veterans United Home Loans, one of the nation’s largest VA lenders, examined the housing markets that were determined best for these young and/or first-time buyers in its “ Best Cities for Millennial and Gen Z Veteran Homebuyers.

Buyers 418

Buyers Finance Housing Market Mortgage 418

Inman

SEPTEMBER 26, 2024

An environment where the fed funds rate is being cut instead of raised has historically been better for the real estate industry. Now is the time for agents to become the resource for information and professionalism.

Agents 171

Agents Real Estate Real Estate Agent Marketing 171

Real Estate News

SEPTEMBER 24, 2024

Agent count is growing, teams are expanding and its new compensation plan — Redfin Next — is going national faster than expected, according to a top exec.

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Agents 252

Housing Wire

SEPTEMBER 23, 2024

There’s a new brokerage on the block. The recently launched Realty of America (ROA) is a fully virtual brokerage co-founded by CEO Eddie Garcia, President Mark Dimas, chief culture officer Erinn Nobel and chief operating officer Peter Nobel. The firm is launching in 23 markets across the country and has more than 2,000 agents already signed on.

Brokerage 441

Brokerage Real Estate Realty Technology 441

Appraisal Buzz

SEPTEMBER 25, 2024

BLOG VIEW: The Federal Open Market Committee (FOMC) on Sept. 18 announced its decision to cut the Fed Funds rate by half a percentage point. It was the first rate cut since the early days of the pandemic. In fact, the last time the FOMC cut rates by half a point was during the 2008 global financial crisis. Federal Reserve Chair Jerome Powell finally provided the housing industry much needed relief by slashing rates for the first time in more than four years.

Mortgage 393

Mortgage Loan Officers Technology Contracts 393

Inman

SEPTEMBER 26, 2024

Business has largely continued as usual with 63 percent of agents reporting that sellers are "frequently" covering buyer-broker commissions, according to a new Real Brokerage survey of 300 agents.

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Buyers Brokerage Agents Sellers 171

Real Estate News

SEPTEMBER 21, 2024

Watch the conversation with Steve Brobeck — whose work has influenced commissions cases and DOJ investigations — as he shares concerns about industry practices.

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Housing Wire

SEPTEMBER 27, 2024

A majority of U.S. veterans are not aware of the fact they can qualify for grants from the U.S. Department of Veterans Affairs (VA) to allow them to age in place, according to survey data from senior advocacy group AARP. Sixty percent of veterans who are 45 and older “are unaware that VA provides grant funding for home modifications , and almost a quarter of veterans say they need financial assistance to modify their homes to continue living there,” according to an article published by the VA.

Design 411

Design Renovations Finance 411

Appraisal Buzz

SEPTEMBER 23, 2024

With the 2024 Five Star Conference officially kicking off Tuesday at the Omni Hotel in Dallas , attendees got a jump-start on the festivities Monday by taking advantage of an array of educational opportunities presented by the Five Star Institut e. The all-day Broker Master Class got things underway, providing information needed to thrive as a broker in today’s market.

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Legal Realty Project Management Real Estate 397

Inman

SEPTEMBER 23, 2024

California District Judge George H. Wu declined Move's preliminary injunction request against CoStar on Monday, stating the portal failed to prove the risk of "imminent, irreparable harm.

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Real Estate News

SEPTEMBER 26, 2024

The new guide from the National Association of Realtors also explains how concessions (which can be used to pay an agent) differ from offers of compensation.

Sellers 229

Sellers Realtors Agents 229

Housing Wire

SEPTEMBER 24, 2024

Home prices have reached yet another all-time high, but the pace of growth is slowing. That’s according to the S&P CoreLogic Case-Shiller Index for July, which shows U.S. home prices rising 5% year over year. Growth in major U.S. cities was even higher, as the 10-city composite index was up 6.8% year over year and the 20-city composite index was up 5.9%.

Housing Market 423

Housing Market Realtors Marketing Mortgage 423

Appraisal Buzz

SEPTEMBER 27, 2024

For some American families, a house in a tiny bucolic burgh might prove a less expensive option than putting down roots in a large city. But this widespread concept of idyllic and inexpensive “town and country” life is, in general, a myth, say experts, who published a new study to back that up. Researchers for LendingTree found home values in the country’s priciest micro politan areas (“towns” for the purposes of their report) rival those in the nation’s largest metros.

Home Value 370

Home Value Real Estate Buyers Construction 370

Inman

SEPTEMBER 21, 2024

With this week's half-percent rate cut from the Federal Reserve, agents are hoping sellers will finally get off the fence and loosen up some inventory to get the market moving.

Marketing 177

Marketing Inventory Sellers Agents 177

Real Estate News

SEPTEMBER 25, 2024

Florida, North Carolina and Texas dominate a new report sizing up the top 10 markets for real estate investment.

Investors 272

Investors Real Estate Investing Marketing 272

Housing Wire

SEPTEMBER 23, 2024

The Real Brokerage has expanded its footprint into the Richmond, Virginia , area. Nicole Reed Real Estate & Associates is joining Real, bringing an eight-agent team that serves not only Richmond but the Virginia markets of Fredericksburg, Charlottesville and Hampton Roads, in addition to Atlanta. Nicole Reed leads the team, which since 2020 has sold more than 300 homes with a total value of $80 million.

Brokerage 419

Brokerage Agents Real Estate Finance 419

Appraisal Buzz

SEPTEMBER 27, 2024

In the DEI Table Talks that took place at the 2024 Five Star Conference & Expo, leaders in the industry were given a chance to engage in meaningful dialogues with experts committed to promoting diversity, equity, and inclusion (DEI) in their companies and the mortgage sector. DEI organizational structures are designed to encourage the equitable treatment and full participation of all persons, particularly those who have traditionally been underrepresented or susceptible to discrimination bas

Design 369

Design Tools Business Finance 369

Inman

SEPTEMBER 27, 2024

Douglas Elliman real estate agent and reality TV star Kendra Wilkinson has announced her return to real estate after taking a brief mental health break, "People" Magazine reported on Friday.

Real Estate 162

Real Estate Real Estate Agent Agents Brokerage 162

Real Estate News

SEPTEMBER 23, 2024

A U.S. District Court judge has denied Move’s request for a preliminary injunction and questioned claims of “irreparable harm” to Realtor.com.

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Housing Wire

SEPTEMBER 26, 2024

In the six months since news of the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement broke, agent attitudes toward the settlement’s required business practice changes have only slightly improved. This is according to a study published earlier this week by real estate technology firm Clever Real Estate. Clever surveyed 516 real estate agents in late August and early September, after the changes were implemented on Aug. 17.

Real Estate Agent 398

Real Estate Agent Real Estate Agents Buyers 398

Appraisal Buzz

SEPTEMBER 26, 2024

The 21 st Five Star Conference marked its final day on Thursday with the tradition of the Women in Housing Leadership Awards, an annual presentation recognizing the remarkable accomplishments of women executives working within the mortgage and housing industries. Following brief welcome remarks from Ali Haralson, President of Auction.com (which was Lead Sponsor of the luncheon), the ceremony was emceed by Jodi Gaines, CEO of Claims Recovery Financial Services.

Human Resources 370

Human Resources Government Mortgage Investors 370

Inman

SEPTEMBER 23, 2024

Led by CEO Eddie Garcia, the national firm born out of Realty of Chicago already has over 2,000 agents who represent more than $5 billion in sales volume. Its founders also have big plans for expansion and, eventually, an IPO.

Realty 167

Realty Real Estate Brokerage Agents 167

Real Estate News

SEPTEMBER 27, 2024

Zillow adds information about flooding, wildfire and other climate risks to its listings; MetroList teams up with StreetWire to offer Home Value Lock.

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Home Value 215

Housing Wire

SEPTEMBER 27, 2024

The Asian Real Estate Association of America (AREAA) has honored more than 220 agents and teams on its annual A-List for 2023 sales volume and sides. They will be formally recognized at the AREAA National Convention, Oct. 24-26 in Las Vegas. Together, the 157 agents and 68 teams produced $9.85 billion in sales volume on 10,214 sides. The rankings were created in conjunction with RealTrends Verified.

Agents 386

Agents Real Estate Realty Tools 386

Appraisal Buzz

SEPTEMBER 25, 2024

Many real estate agents encounter a variety of challenges throughout their career. This workshop is meant for those who are seeking strategies to boost their earnings. Discover how to invest in the proper chances to develop your real estate portfolio and learn how to leverage your existing abilities to tap into alternative cash streams. Experts who attend will have the opportunity to participate in conversations at round tables, discussing important issues and headwinds agents face.

Real Estate 370

Real Estate Agents Investing Realty 370

Inman

SEPTEMBER 27, 2024

With inflation continuing to inch closer to the Fed's 2 percent goal in August, bond market investors are getting more confident that the central bank will continue to cut rates aggressively in November.

Investors 157

Investors Mortgage Marketing 157