Housing Wire
AUGUST 26, 2024
Although the industry is barely than a week into the “ new normal ,” some real estate agents and brokers are already seeing smaller buy-side commissions. “It kind of started before the [ National Association of Realtors ] settlement went into effect, but commission compression is a real thing,” Brian Huskey, the broker-owner of Montana-based ERA American Real Estate , said.
Appraisal Buzz
AUGUST 26, 2024
In July, pending sales of starter homes increased 10.2% year-over-year to the highest level since October 2022, per a new report from Redfin. This indicates that in the lower end of an otherwise “stagnant market”, there might be hope for first-time homebuyers. Middle-class homes (those with sales prices in the 35th–65th percentile of the market) saw a 6.5% decline in pending sales in July over the same month last year, while upper-class homes (those in the 65th–95th percentile) saw an even great
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Real Estate News
AUGUST 29, 2024
The former CEO of RE/MAX and Century 21 says he will apply his experience helping franchise owners to his new role in real estate consulting.
Inman
AUGUST 26, 2024
The Florida-based brokerage's buyer-focused marketing and educational resources are made for agents in need of assistance as they pitch buyer representation services, executives told Inman.
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 With construction projects becoming more complex, outdated processes are no longer sustainable.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.
Housing Wire
AUGUST 26, 2024
The National Association of Realtors (NAR) is facing yet another lawsuit. The latest complaint, which is seeking class-action status, was filed on Friday by eight real estate agents in Los Angeles County Superior Court. The suit claims that NAR, along with Move Inc., Move Sales , OpCity Acquisitions , OpCity Inc. and REA Group Ltd. — which, according to the complaints, are all wholly owned subsidiaries of Move and News Corp , who is also a defendant — defrauded agents by selling them fake lead
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Real Estate News
AUGUST 26, 2024
Agents from six states allege that the parent company of Realtor.com sold dubious leads, and said NAR — also a defendant — was “complicit” in the scheme.
Inman
AUGUST 26, 2024
Eight Realtors are seeking class action status in their lawsuit against Realtor.com for allegedly selling unvetted and fraudulent buyer and seller leads. This is the third lawsuit against Realtor.com and parent company Move over its lead gen business.
Housing Wire
AUGUST 26, 2024
Detroit-headquartered Rocket Mortgage on Monday rolled out a lender-paid 2-1 temporary buydown program for lower-income households. The program, dubbed “Welcome Home RateBreak,” is available to buyers purchasing a single-family home and earning 80% or less of their area median income (AMI). Rocket estimates the size of this segment at more than 90 million people.
Appraisal Buzz
AUGUST 29, 2024
Americans’ evolving work environments and other factors have led to a “difficult commercial real estate landscape in 2024,” according to an analysis of the U.S. office space market by researchers at Flatworld Solutions , national provider of data science and analytics. Their study revealed the highest commercial real estate delinquency rates since 2015 and vacancy rates topping 20% in job hubs such as San Francisco.
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 News
AUGUST 29, 2024
Rates are edging closer to 6%, but the downward trend still hasn’t translated into sales as potential homebuyers play the waiting game.
Inman
AUGUST 26, 2024
The launch comes as the Baby Boomers race into their elder years, creating what some observers have referred to as a "silver tsunami.
Housing Wire
AUGUST 29, 2024
Unsold inventory of homes on the market has been climbing in the U.S. for two years, right along with rising mortgage rates. In general, inventory rises with rates because more expensive money slows demand. When demand slows, inventory grows. According to Altos Research , there are 40% more homes on the market at the end of August 2024 than there were last year at this time.
Appraisal Buzz
AUGUST 28, 2024
Fannie Mae and Freddie Mac have both released additional information regarding new protections for tenants in multifamily properties with mortgages backed by the Government-Sponsored Enterprises (GSEs). The protections are included in the Enterprise Multifamily Lease Standards Policy for multifamily housing providers (borrowers), announced by the Federal Housing Finance Agency (FHFA).
Real Estate News
AUGUST 28, 2024
Major brokerage leaders are telling agents to be patient with other real estate professionals (and consumers) as the industry adjusts to new practices.
Inman
AUGUST 27, 2024
In a new report, University of Buffalo contracts law professor Tanya Monestier details ways in which contracts allow buyer agents to collect more compensation than agreed-to with the buyer.
Housing Wire
AUGUST 28, 2024
The typical down payment for U.S. homebuyers soared to a record high of $67,500 in June, up nearly 15% from $58,788 a year earlier, according to a new report from Redfin. The increase in down payments came despite a slowdown in home price growth (4%). Redfin economists attributed it to the quirks of the current market, where higher-priced, turnkey homes in desirable neighborhoods are more likely to sell.
Appraisal Buzz
AUGUST 28, 2024
Redfin reports that the typical down payment for U.S. homebuyers hit a record high of $67,500 in June 2024, up 14.8% from $58,788 year-over-year, marking the 12th consecutive month the median down payment has risen year-over-year. The nearly-15% jump in the median down payment significantly outpaced the increase in home prices, which were up 4% in June year-over-year.
Real Estate News
AUGUST 29, 2024
“Our hard-won settlement paved the way for a new era,” said Josh Sitzer, whose company offers flat-fee home tour and offer preparation services for buyers.
Inman
AUGUST 30, 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.
Housing Wire
AUGUST 28, 2024
While some in the real estate industry are expecting to see a decline in the number of buyer’s agents as a result of the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement agreement , others have taken it a step further and are betting their companies on it. Meet the AI real estate agent. Unlike human agents, these AI agents really are available 24/7 and will quickly answer every little question you have about the homebuying process.
Appraisal Buzz
AUGUST 27, 2024
/*! elementor – v3.23.0 – 05-08-2024 */.elementor-widget-text-editor.elementor-drop-cap-view-stacked.elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed.elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default).elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default).elementor-drop-cap-let
Real Estate News
AUGUST 26, 2024
Brokerages need to define their purpose in this new era, says Keller Williams CEO Mark Willis, and training, tech will be key to KW’s identity.
Inman
AUGUST 26, 2024
Pending sales of starter homes surged 10.2 percent in July, reaching their highest point since October 2022 as mortgage rates began to decline, according to data released Monday by Redfin.
Housing Wire
AUGUST 28, 2024
April Noessel was in dire straits. Raising five children on her husband’s salary, she began flipping houses to make ends meet. Her family fell into debt when one of their flips went sour. The bad deal was particularly galling because of the indignities it took to get the home ready to sell. “I was wearing one of my kids in a backpack, scraping magnets off the floor with a knife,” Noessel said.
Appraisal Buzz
AUGUST 29, 2024
A new report from Redfin has found that the monthly housing payment for the typical U.S. starter home sold in July was $1,981, up 4.4% year-over-year. That means homebuyers must earn $79,252 annually in order to afford a typical U.S. starter home, also up 4.4% year-over-year, and just a few hundred dollars shy of last October 2023’s all-time high. The average mortgage rate was 6.85% in July, down slightly from its springtime peak, but still more than double pandemic-era lows.
Real Estate News
AUGUST 28, 2024
Oklahoma and Texas lead the way, with supply up nearly 20% compared to the same week in 2019.
Inman
AUGUST 26, 2024
Consider these three tips for showcasing experience, skills and trust to prospective customers.
Housing Wire
AUGUST 26, 2024
Affordable homes have long been in short supply for lower-income households, but data released Monday by Redfin showed positive signs for the starter-home segment. According to Redfin, pending sales of starter homes grew 10.2% year over year in July to reach their highest level since October 2022. This was in stark contrast to three other market segments that posted declines in the number of pending sales compared to July 2023.
Appraisal Buzz
AUGUST 28, 2024
With remote work now the norm in many companies, employees can choose their address based on lifestyle, not commute. So where are the best cities in America for remote workers? Atlanta, take a bow. The Big Peach earned its top spot on the list of 2024’s most affordable cities for its stable economy, low unemployment rate, and remote work factors such as speedy internet and numerous coworking spaces.
Real Estate News
AUGUST 29, 2024
The association will ask the highest court to weigh in on the case after a lower court ruled that the DOJ could continue its investigation into NAR policies.
Inman
AUGUST 29, 2024
Take a new, unconventional approach to one-on-ones that emphasizes the needs, preferences and goals of your agents, luxury consultant Chris Pollinger writes.
Housing Wire
AUGUST 27, 2024
Even as the real estate and mortgage markets are seeing light at the end of the tunnel following two difficult years of conditions, mortgage rates have yet to ease enough to create a surge of demand for purchase loans and refinances. At HousingWire ‘s Mortgage Rates Center on Tuesday, the rate for 30-year conventional loans stood at 6.64%, down 5 basis points (bps) from a week ago.
Expert insights. Personalized for you.
499 
Let's personalize your content