Mon.Sep 02, 2024

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Embrace the future: 5 strategic shifts for agents in a transforming real estate market

Housing Wire

The real estate industry is undergoing a seismic transformation, with recent regulatory changes pushing the National Association of Realtors to a critical juncture. As these shifts unfold, real estate agents face both challenges and opportunities. Those who adapt will find themselves in a prime position to succeed. Here are five essential strategies to navigate this new landscape. 1.

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Sluggish Home Sales Remain Despite Descending Mortgage Rates

Appraisal Buzz

In the four weeks that ended on August 25, pending home sales dropped 6.9%, marking the worst annual loss in almost a year, according to a new study from Redfin. This is true even as the weekly average mortgage rate drops to its lowest point in 15 months and the median monthly home payment in the U.S. reaches its lowest point since February. Key Indicators of Homebuying Demand & Activity: The daily average 30-year fixed mortgage rate was 6.37% (as of August 28), nearing the lowest level sinc

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Real estate agents lament dud of a summer: Client Pipeline Tracker

Inman

Buyers failed to bite this summer despite falling mortgage rates. It has agents about as down on their business prospects as they've been all year heading into the NAR settlement era, according to Intel's Client Pipeline Tracker.

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U.S. Consumers Exhibit ‘Credit Caution’ Amid Rising Delinquencies

Appraisal Buzz

The July 2024 CreditGauge , a monthly analysis by VantageScore that shows the general state of consumer credit in the U.S., was issued. Lenders and consumers had a more conservative credit stance through the end of July. Although the average customer’s credit score, which is determined by VantageScore 4.0, is still quite high at 702, overall consumer credit usage dropped to 51.6%, a four-year low, as a result of increased credit caution.

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Out of time? Here’s how to create some (even if you’re busy)

Inman

Ditch these six common time management myths, and pick up as many of these 10 proven strategies from author and coach Bernice Ross, and you’ll find more time in your day to day.

Business 192
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Please! Not Another Highest and Best Use Question?!

Appraisal Buzz

QUESTION: When it comes to the highest and best use of an existing single-family residence, how do I go about supporting my conclusion that it is financially feasible? It’s already built, so what difference does it make about the feasibility of its construction as if new!? Is not highest and best use a jaywalking-thing when state appraisal boards should be going after bank robbers!?

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Recession Indicators Go Off, Is the Housing Market Safe?

BiggerPockets

Recession fears are increasing. The stock market has taken substantial hits, housing inventory is climbing, and bank account balances are starting to fall.

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Can I say ‘call for buyer’s agent compensation’ in private remarks?

Inman

The new commission rules are confusing. Compliance expert Summer Goralik unpacks whether listing agents can mention buyer’s agent compensation in the private remarks on the MLS.

Agents 190
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After Analyzing the Largest Rental Markets—Here’s Where Prices Could Fall

BiggerPockets

Which markets are currently seeing a decline in effective rents, and which are currently experiencing high vacancy?

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Understanding Loan Processors and Mortgage Processing

PennyMac

You’ve made it through the mortgage loan application, and now it’s moving toward the closing table. If you’ve ever wondered what goes on behind the scenes during this time, it starts with your Loan Processor. Read on to learn the important role the Loan Processor plays in the mortgage process, what to expect and tips for facilitating a smooth experience.

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The Rookie’s Cheat Sheet for Market Research (Find Where to Invest in 2024)

BiggerPockets

Choosing where to invest can be overwhelming.

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Do You Need Property Value Analysis Software?

Listing Spark

There’s an old saying in real estate : You make your money when you buy, not when you sell. But buying and selling are so strategically interwoven that you can only make good decisions on buying, holding, or selling with accurate and timely property value information. Well-researched insights are the key to optimizing your investments, especially when the market is too competitive to tolerate rough estimates and gut feelings.

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Dude ACTUALLY Withdraws From His 401(k) and Retires at 47

BiggerPockets

Did you know you can use your 401(k) to retire early? Yep, it’s possible. And today’s guest, Eric Cooper, is doing it at age 47!

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High Cash Flow and Low Risk by Turning Tenants into Homeowners (Rent-to-Own)

BiggerPockets

Rent-to-own real estate can make you more cash flow, with less risk and fewer expenses, all while helping tenants become homeowners.

Tenants 57