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.

Real Estate Agent 504

Real Estate Agent Inventory Realtors Buyers 504

Real Estate News

MAY 30, 2024

Starting in June, the field will include an option for payment of buyer agent fees, and updates coming in August will give sellers more flexibility.

Sellers 244

Sellers Agents Buyers 244

Housing Wire

MAY 30, 2024

The U.S. Department of Veteran Affairs (VA) announced on Wednesday that it has called on mortgage servicers to extend the moratorium on foreclosures for VA-guaranteed loans through Dec. 31, 2024, while these companies implement a new program to help struggling veterans. The current moratorium, announced in November, was set to end on Friday. It was implemented amid complaints of veterans’ struggles because there was no program available to succeed a partial claim option offered during th

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Government Mortgage Finance 474

Real Estate News

MAY 30, 2024

Watch the conversation with marketing pro Brian Boero as he imagines how NAR and the industry could — and should — be communicating with agents and consumers.

Agents 237

Agents Marketing 237

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

Construction

Housing Wire

MAY 30, 2024

A report released Thursday by Redfin showed that 6.4% of U.S. home sellers cut their asking prices during the four-week period ending May 26. That is the highest percentage since November 2022 and a potential sign that sale prices will soften in the coming months. The national real estate brokerage reported that the median asking price in the past week was $416,623, a weekly decline of about $3,000 and the first pullback in six months.

Renovations 440

Renovations Buyers Real Estate Mortgage 440

Housing Wire

MAY 30, 2024

Coldwell Banker Realty , a New England-based residential real estate brokerage , welcomed The DelRose McShane Team , the brokerage announced on Wednesday. Led by Mike DelRose Sr., Mike DelRose Jr. and Bobby McShane, The DelRose McShane Team boasts eight agents. They formerly operated the RE/MAX Revolution franchise in Watertown, Massachusetts, one of New England’s first RE/MAX franchises.

Realty 419

Realty Brokerage Real Estate Clients 419

Inman

MAY 30, 2024

In response to NAR's proposed settlement, the nation's second largest MLS will add data fields on June 11 allowing sellers to signal they're willing to offer buyer concessions when they list a home.

Sellers 190

Sellers Buyers Realtors Brokerage 190

Housing Wire

MAY 30, 2024

Editor in Chief Sarah Wheeler talks with Brad Rice, founder and CEO of Amerifund Home Loans and Homepie , about how his company is streamlining the process of selling for homeowners who want to sell their home themselves. Ironically, the technology he’s developed can be a benefit to real estate agents as well. SW: Why did you want to develop this platform?

Real Estate Agent 413

Real Estate Agent Real Estate Sellers Technology 413

Inman

MAY 30, 2024

Northwest MLS says banning compensation in the MLS restricts consumer choice and transparency. Plaintiffs' attorney Michael Ketchmark says "the fox is guarding the chicken house.

Realtors 190

Realtors 190

Advertiser: Trellis

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.

Real Estate

Housing Wire

MAY 30, 2024

In March 2024, the national delinquency rate for residential mortgages stood at 2.8% for the third month in a row, up slightly from March 2023, according to the latest CoreLogic Loan Performance Insights report. The data provider examined all stages of delinquencies to gain a complete view of the mortgage market and loan performance health. Early-stage delinquencies (mortgages 30 to 59 days past due) accounted for 1.5% of all mortgages in February, up from 1.1% in March 2023.

Mortgage 399

Mortgage Marketing 399

Inman

MAY 30, 2024

Sluggish homebuyer activity has pushed sellers to adjust their price expectations, according to Redfin's latest report. The median asking price declined for the first time in six months to $416,000.

Sellers 187

Sellers Brokerage Agents Marketing 187

Housing Wire

MAY 30, 2024

Bright MLS , the nation’s second-largest multiple listing service, is set to overhaul its platform this summer to align with new standards stemming from the National Association of Realtors ’ recent settlement of the real estate agent commission lawsuits. Starting Aug. 14, Bright MLS will eliminate its commission field, preventing listing agents from advertising any commissions they offer to buyer brokers.

Agents 390

Agents Advertising Real Estate Agent Buyers 390

Inman

MAY 30, 2024

Find out how this team leader went from hating real estate to becoming an award-winning broker with a focus on fostering the success of his agents.

Realty 185

Realty Real Estate Agents 185

Housing Wire

MAY 30, 2024

Ginnie Mae is aiming to roll out plans for its new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product by the end of the year, according to acting president Sam Valverde, who spoke at the National Reverse Mortgage Lenders Association (NRMLA) Eastern Regional Meeting in Washington, D.C., on Wednesday. The news was first reported by Inside Mortgage Finance.

Government 378

Government Development Mortgage Tools 378

Inman

MAY 30, 2024

Want to cover yourself and your clients while preventing miscommunication? Careful organization and documentation, Rachael Hite writes, can save your summer.

Clients 170

Clients Brokerage Agents 170

Housing Wire

MAY 30, 2024

The share of older workers in the U.S. has grown significantly since the turn of the century, with 29.5% of workers in 2023 at least 65 years old, compared to 23% in 2000, according to a new report from the Employee Benefit Research Institute (EBRI). This occurred as labor force participation by older Americans between the ages of 55 and 64 has surpassed pre-pandemic levels, while the rate of those 65 and older did not change, the data suggested.

Bracketing 376

Bracketing Design 376

Inman

MAY 30, 2024

William Brown, who served as CEO of the company though 2018, is entitled to damages after Matterport prevented him from selling all of his shares when the company went public in 2021.

Technology 170

Technology Brokerage Agents 170

Housing Wire

MAY 30, 2024

Home equity fintech lender Point , in collaboration with its long-time financing partner Atalaya Capital Management , has successfully closed a $141 million rated asset-backed securities transaction. The securitization was completed on May 15 and marked Point’s second rated securitization and third overall deal in the secondary market, with all securities receiving ratings from Morningstar DBRS.

Investing 365

Investing Investors Contracts Insurance 365

Inman

MAY 30, 2024

AREAA President Jamie Tian offers insight into the organization's efforts to fight barriers to homeownership and affordability.

Buyers 168

Buyers Real Estate Agents Marketing 168

Housing Wire

MAY 30, 2024

“Wait, you mean I don’t have to live on Instagram all day for it to work for me?” Yes. It is entirely possible! In the fast-paced world of social media , maintaining an active presence on platforms like Instagram can be both a blessing and a burden. As Realtors and entrepreneurs, we strive to stay relevant, yet the demand to constantly produce fresh content and engage with followers can quickly become overwhelming.

Realtors 321

Realtors Transportation Business Clients 321

Inman

MAY 30, 2024

With a refreshed user experience and QR code versatility, this rebranded lead capture app ensures no one gets out of reach, and the improvements made helped it earn a higher rating.

Open Houses 167

Open Houses Technology Real Estate Marketing 167

Eyes on Housing

MAY 30, 2024

The Census Bureau’s latest release of the Survey of Market Absorption of New Multifamily Units (SOMA) estimates that 42% of 91,060 unsubsidized apartments completed in the fourth quarter of 2023 were absorbed (rented) within the first 3 months following completion. For condominiums, 56% of the estimated 4,915 units completed in the fourth quarter of 2023.

Marketing 159

Marketing Construction 159

Inman

MAY 30, 2024

Discover how to make your real estate business unshakeable with our expert-led webinar The art of setting goals and milestones Why you should consider getting certified in a specialty How to showcase your expertise by reading market dynamics-not drama Marketing tactics to educate buyers and sellers while generating appointment leads How to leverage cutting-edge agent […]

Real Estate 167

Real Estate Marketing Sellers Agents 167

BiggerPockets

MAY 30, 2024

This article is presented by PropStream. Read our editorial guidelines for more information. The housing market is an increasingly challenging place for investors right now.

Real Estate 81

Real Estate Investors Housing Market Investing 81

Inman

MAY 30, 2024

Sky-high numbers of delistings and price corrections may mean that buyers have finally had their fill of homes that are priced too high, according to Mike DelPrete.

Buyers 167

Buyers Marketing 167

Mortgagebroker News

MAY 30, 2024

Did the two major banks meet expectations?

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Inman

MAY 30, 2024

You apply discipline to starting and growing your business, but how do you apply that same discipline to making it sustainable? Broker Pam Blair offers guidance for making your real estate business more meaningful and satisfying.

Real Estate 166

Real Estate Business Brokerage Agents 166

Mortgagebroker News

MAY 30, 2024

Council votes to assist in finding land for housing initiative

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Inman

MAY 30, 2024

Contract signings fell 7.7 percent between March and April to a score of 72.3 on the Pending Home Sales Index last month, according to data released Thursday by the National Association of Realtors.

Contracts 165

Contracts Realtors Marketing 165

Empire Appraisal Group

MAY 30, 2024

What’s going on in Florida and Texas? Housing inventory levels in Florida are up the most in the nation on a year-over-year basis (57%), but the bulk of the increase is really concentrated in sections of Southwest Florida. In particular, in markets like Cape Coral and Fort Myers, which were hard-hit by Hurricane Ian in September 2022. Hurricane Ian left behind thousands of damaged homes, and the subsequent need for renovations has resulted in a jump of available housing inventory.

HOA 78

HOA Renovations Insurance Inventory 78

Inman

MAY 30, 2024

The "Zero Dark Thirty" star purchased the home for $5.1 million in 2015. A number of well-known musicians have lived in the apartment in its time, including Leonard Bernstein, who composed "West Side Story" while living there.

Realty 159

Realty 159

Eyes on Housing

MAY 30, 2024

According to the latest 2022 ACS, 11.2 million people, including self-employed workers, worked in construction in 2022. NAHB estimates that out of this total, 4.7 million people worked in residential construction, accounting for 2.9% of the US employed civilian labor force. Home building in the Mountain Division, as well as in Florida, stand out as.

Construction 78

Construction Marketing 78