Housing Wire

MARCH 22, 2024

The landscape for home flipping across the country was challenging in 2023 as fewer single-family homes and condominiums were flipped and investment returns on these projects declined. A total of 308,922 single-family homes and condos were flipped in 2023, down 29.3% from the 436,807 flips in 2022. This marked the largest annualized decline for the sector since 2008, according to recently released report from real estate data analytics company Attom.

Investors 511

Investors Real Estate Investing Marketing 511

Appraisal Buzz

MARCH 22, 2024

The U.S. mortgage delinquency rate fell to 3.34% in February, a decrease of 1.29% compared with January and down 3.24% compared with February 2023, according to ICE Mortgage Technology’s First Look report. While the number of borrowers one payment behind rose modestly by 10,000, those 60 days late as well as those 90 or more days past due both fell to their lowest levels in three months.

Mortgage 370

Mortgage Inventory Appraisal 370

Housing Wire

MARCH 22, 2024

There is no doubt that the cooperative compensation structure changes outlined in the National Association of Realtors’ commission lawsuits settlement agreement will generate massive changes in the real estate industry, but those are not the only changes mandated by the terms of the agreement. Based on NAR’s settlement, agents working with buyers will need a signed buyer representation agreement starting in mid-July, pending final court approval of the settlement.

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Buyers Contracts Real Estate Agents 497

Real Estate News

MARCH 22, 2024

NAR’s settlement — and the emotions surrounding it — could lead more agents to consider trading in their membership for something new.

Agents 328

Agents 328

Housing Wire

MARCH 22, 2024

Home equity levels among homeowners aged 62 and older are at record levels following the end of the pandemic. As a result, reverse mortgages may no longer be considered a “loan of last resort” as financial planners aim to highlight their uses as part of a comprehensive financial plan in retirement. This is according to a column published this week by Investment News, soliciting input from planner professionals well known to the reverse mortgage business, including Wade Pfau.

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Tools Mortgage Clients Investing 482

Real Estate News

MARCH 22, 2024

The first of 90-plus brokerages not included in the NAR settlement reaches a deal that includes changes to its business practices as well as a monetary payout.

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Brokerage Business 279

Real Estate News

MARCH 22, 2024

The internal promotions will help “drive our brand into a new era of growth and success,” said the company’s founder and CEO.

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Realty 264

Housing Wire

MARCH 22, 2024

In real estate brokerage, growth is the name of the game and for 2024 (based on 2023 data), The Real Brokerage and The Agency are winning that game. Berkshire Hathaway HomeServices RW Towne Realty also had a strong showing. The 2023 housing market was a period of uncertainty with low inventory and industry challenges. For all of 2023, the Relitix Agent Movement Index , showed a marked decrease in agent movement.

Brokerage 476

Brokerage Real Estate Agents Realty 476

Real Estate News

MARCH 22, 2024

NAR's president and other industry leaders continue to share thoughts, concerns and encouragement in the wake of the association's landmark settlement.

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Housing Wire

MARCH 22, 2024

Mortgage delinquencies improved again in February as prepayment activity increased moderately. The national delinquency rate eased to 3.34% in February, down from 3.38% in January, according to an Intercontinental Exchange (ICE) mortgage performance report released Thursday. February’s rate was also 11 basis points lower than it was a year ago. In February, serious delinquencies (loans 90 or more days past due) were down month over month, with 11,000 fewer loans in that category and a total of 4

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Mortgage Inventory 476

Inman

MARCH 22, 2024

The news comes one week after NAR's whopping $418 million settlement was announced. Compass also agreed to make some minor changes to its business practices as part of the settlement.

Business 202

Business Realtors Brokerage 202

Housing Wire

MARCH 22, 2024

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Networking can be intimidating for some real estate agents. It is an extremely broad term that encompasses many types of activities — from attending speed networking events (think: speed dating but for entrepreneurs) to stopping by your friend’s summer barbecue.

Real Estate 467

Real Estate Real Estate Agent Clients Investors 467

Inman

MARCH 22, 2024

In the first of her two-part series, marketing expert Marci James offers insight into making the most of your digital presence with search engine optimization.

Marketing 197

Marketing Technology Brokerage Agents 197

Housing Wire

MARCH 22, 2024

2023 was a consequential year for real estate. The market grappled with low inventory and mortgage rates that gave many homebuyers a reason to pause. According to Altos Research , 2023 inventory bottomed in April at 406,206 active listings. Today, there are 100,000 more homes on the market than there were in March of last year — that’s 21% inventory growth.

Brokerage 448

Brokerage Realty Real Estate Inventory 448

Inman

MARCH 22, 2024

Anchored by industry leaders, top performers and advocacy, Inman Connect Las Vegas is primed to be a catalyst for changing real estate.

Real Estate 196

Real Estate Brokerage Agents 196

Housing Wire

MARCH 22, 2024

I’m sharing a transformative announcement with you today, one that marks a new era for RealTrends and propels forward the vision of bringing transparency to what it means to be a top-performing real estate brokerage, team or agent. In real estate and data alike, clarity and trust are paramount. That’s why, after 35 years of excellence, RealTrends is proud to unveil a new chapter in our journey: RealTrends Verified.

Brokerage 448

Brokerage Real Estate Agents Sellers 448

Inman

MARCH 22, 2024

The $1.2 trillion funding bill passed by the House Friday averts a partial government shutdown and extends a critical insurance program that protects 4.7 million homes through the end of September.

Insurance 192

Insurance Government Mortgage 192

Housing Wire

MARCH 22, 2024

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Looking for more listing leads? With low housing inventory nationwide, agents are using innovative ways to find real estate seller leads and convert them into listings. While marketing to your sphere of influence, networking, and direct mail campaigns work, they can be time-consuming and they don’t always yield quick results.

Real Estate 448

Real Estate Sellers Real Estate Agent Tools 448

Inman

MARCH 22, 2024

Agent rivalries, a transitioning market, family drama and a new mansion tax are just some of the key challenges that cast members will face on the reality TV show in its new season.

Agents 190

Agents Marketing Brokerage 190

Housing Wire

MARCH 22, 2024

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I think one of the major trends we are seeing is that our overall inventory is up 60% year over year compared to 2023,” said PJ Smith, president of the Naples Area Board of Realtors and the broker-owner of Naples Golf to Gulf Real Estate.

Insurance 448

Insurance Inventory Marketing Real Estate 448

Inman

MARCH 22, 2024

Explore a wealth of expert insights and strategies designed to navigate the balance of leadership between your personal life and business and what it means to be successful in both.

Business 189

Business Design Development Brokerage 189

Housing Wire

MARCH 22, 2024

Property preservation company MCS is entering the reverse mortgage space after its acquisition of Five Brothers Asset Management Solutions , a deal which brings MCS into the reverse mortgage industry for the first time. After performing its due diligence to determine the market status and business opportunity that would come with entering the space, MCS CEO Craig Torrance believes that an entry into reverse could be beneficial for both his company and the wider reverse mortgage industry.

Business 448

Business Mortgage Property Management Insurance 448

Inman

MARCH 22, 2024

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Brokerage 177

Brokerage Agents 177

Eyes on Housing

MARCH 22, 2024

After examining trends in single-family permits, we now turn our attention to multifamily permits to continue our exploration of correlations in housing permit data. Using multifamily permits from 2012-2022, five-year and ten-year correlations are used to create an association index for each Metropolitan Statistical Area (MSA) that describes how similar, or dissimilar, particular MSAs are.

Marketing 167

Marketing 167

Inman

MARCH 22, 2024

The value of relationship-building has never been clearer or more important, Jimmy Burgess writes. Help leads and clients move forward with confidence so you can provide optimal real estate services.

Real Estate 176

Real Estate Clients Brokerage Agents 176

Eyes on Housing

MARCH 22, 2024

Nonfarm payroll employment increased in 43 states and the District of Columbia in February compared to the previous month, while seven states saw a decrease. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 275,000 in February, following a gain of 229,000 jobs in January.

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Inman

MARCH 22, 2024

New York City's worst landlord has begun a two-month sentence at Rikers after refusing to correct more than 700 housing violations between his two Manhattan properties. Daniel Ohebshalom surrendered to authorities on Thursday, two weeks after housing court judge Jack Stoller issued a warrant for his arrest.

Landlords 167

Landlords Marketing 167

BiggerPockets

MARCH 22, 2024

“I always thought stealing was wrong,” real estate investor and developer George McCleary remarks at the end of a viral video posted on social media last month, “But turns out, if you steal a […]

Landlords 94

Landlords Real Estate Investors Development 94

Inman

MARCH 22, 2024

Real estate professionals respond in the aftermath of NAR's big commission lawsuit settlement and Compass' brand new one.

Real Estate 146

Real Estate Realtors Brokerage Agents 146

BiggerPockets

MARCH 22, 2024

A recent CNBC survey based on cost per square foot revealed that the United States’ most expensive real estate market is San Francisco’s South of Market, which contains historic Victorian buildings surrounded […]

Real Estate 92

Real Estate Marketing 92

Mortgagebroker News

MARCH 22, 2024

Survey shows under-30s are redefining deal-breakers

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BiggerPockets

MARCH 22, 2024

The National Association of Realtors (NAR) agreed to a settlement last week that will eliminate its rules on sales commissions.

Real Estate 92

Real Estate Investors Realtors 92

Mortgagebroker News

MARCH 22, 2024

Government lands to be used for affordable homes

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Government 83

Appraisal Today

MARCH 22, 2024

Dos and Don’ts of Selecting Appraisal Comps Excerpts: Follow these dos and don’ts to help ensure that relevant comparable sales are established: Here are a few topics Do welcome relevant comparable sales from real estate agents Don’t limit the number of comparable sales to three Do consider objective characteristics when selecting competing neighborhoods Don’t use appraisal comps based on price As an appraiser, you must provide an unbiased opinion of value.

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Appraisal Contracts Business Insurance 67