Housing Wire

JULY 17, 2024

There is no escaping the reality that the recent NAR/Sitzer/Burnett settlements is already changing the real estate world as we know it. Amongst the most substantial terms of that agreement is a blanket ban on the requirement that agents subscribe to MLSs to offer or accept compensation for their work. There has been quite a bit of discussion already about how this will impact the traditional residential purchase.

Real Estate 473

Real Estate Agents Training Buyers 473

Appraisal Buzz

JULY 19, 2024

Great news for buyers: the latest Consumer Price Index report showed that inflation is cooling—which is good—but that news came alongside a report from Redfin that monthly housing payments have also eased back from record highs hit a few months ago, making it that much sweeter for buyers. According to Redfin, the typical monthly housing payment was $2,722 mid-July, $115 lower than the all-time high which occurred in April.

Buyers 416

Buyers Inventory Mortgage Agents 416

Real Estate News

JULY 18, 2024

Despite falling rates, homebuyer demand remains weak. Now could be a chance to make offers before inventory tightens and prices rise further, one expert says.

Buyers 304

Buyers Inventory Mortgage 304

Inman

JULY 17, 2024

California Regional MLS's general counsel talks offers of compensation, seller concessions, steering and buyer agency agreements ahead of his appearance at Inman Connect Las Vegas.

Contracts 189

Contracts Buyers Sellers Brokerage 189

Housing Wire

JULY 17, 2024

International homebuyers purchased the fewest number of existing homes for any year since the National Association of Realtors (NAR) began tracking the data in 2009. On Wednesday, the trade group reported in its 2024 International Transaction in U.S. Residential Real Estate Report that the number of existing homes purchased by international buyers had fallen 36% year over year to 54,300 homes during the year ending in March 2024.

Buyers 469

Buyers Inventory Realtors Real Estate 469

Appraisal Buzz

JULY 18, 2024

ATTOM has released its updated monthly report on U.S. Commercial Foreclosures , revealing a continued increase in commercial foreclosures over the years, from a low of 141 in May 2020, to the current figure of 647 in June 2024. Since January 2014, ATTOM has been analyzing data, a period marked by the nation’s emergence from economic uncertainty, with commercial foreclosures numbering 740 nationwide.

Real Estate 397

Real Estate Marketing Business Appraisal 397

Inman

JULY 16, 2024

Homebuilders exhibited little optimism as the housing market showed little improvement month-to-month, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released today.

Housing Market 172

Housing Market Mortgage Marketing 172

Housing Wire

JULY 16, 2024

President Joe Biden released a legislative proposal on Tuesday that’s rankling the real estate industry — nationwide rent control. Biden’s new plan would cap annual rent hikes at 5% for two years for landlords who manage 50 or more rental units, which the administration said would cover 20 million units, or roughly half of all rental units in the country.

Landlords 457

Landlords Construction Land Management Development 457

Appraisal Buzz

JULY 16, 2024

This piece originally appeared in the July 2024 edition of MortgagePoint magazine, online now. The popularity of manufactured housing has ebbed and flowed over the last several decades, after striking an all-time high on shipments in the early 1970s. Since taking a dip in 2009, there has been a slow, but steady climb with more than 100,000 manufactured homes shipped in 2021, and a post-recession high reached in 2022 with 112,000 manufactured homes shipped, according to a 2023 report by the Joi

Modernization 396

Modernization Buyers Construction Marketing 396

Real Estate News

JULY 16, 2024

The Fed is expected to cut rates in September, which may spur buyer activity — but after Canada’s central bank cut rates for the first time in June, sales fell.

Buyers 263

Buyers 263

Inman

JULY 15, 2024

Inventory is rising again, but agents are still scrounging for new listings. Hundreds of brokers and agents shared what's working in still-tight markets in new responses from the Intel Index survey.

Inventory 172

Inventory New Listings Agents Marketing 172

Housing Wire

JULY 15, 2024

President Joe Biden will propose on Tuesday a nationwide cap on rent hikes of 5% per year, according to The Washington Post, which cites “three people familiar with the matter.” The proposal will rescind unspecified tax breaks to landlords who raise rents by more than 5%, although it would only apply to landlords who own more than 50 rental units. This would cover roughly half of all rental units in the country, according to Post sources.

Landlords 434

Landlords Property Taxes Construction Mortgage 434

Appraisal Buzz

JULY 16, 2024

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Home Value 396

Home Value Inventory Buyers Sellers 396

Real Estate News

JULY 18, 2024

A new report shows major drops in international purchases of U.S. real estate, at a time when legal efforts to restrict buyers from certain countries ramped up.

Legal 249

Legal Real Estate Buyers 249

Inman

JULY 18, 2024

Despite 11 months of declines, Realtor.com said the typical renter is paying $305 more monthly for an apartment compared to 2019. The greatest rent increases are in Florida and the Midwest.

Real Estate 168

Real Estate Marketing 168

Housing Wire

JULY 19, 2024

“A national secondary market for construction financing could allow lenders, like state housing finance agencies and banks, to provide the investment capital needed to get multifamily housing projects built and keys in families’ hands.” This is the conclusion of a new report published by the Center for Public Enterprise , a nonprofit organization that promotes the expansion of public sector projects.

Construction 408

Construction Finance Development Marketing 408

Appraisal Buzz

JULY 16, 2024

Updating a survey that was previously conducted in 2015, 2018, and 2023, Fannie Mae released the results of a consumer survey that uncovered opportunities to close knowledge gaps around mortgage qualifications and underscored the need to continue to improve education around the mortgage buying process. While knowledge of the mortgage process is a mixed-bag amongst most consumers, Fannie Mae—and the industry at large—can help close that knowledge gap by making the mortgage process more intuitive

Government 389

Government Mortgage Housing Market Investing 389

Real Estate News

JULY 17, 2024

The TV star and founder of The Agency says running an association is “a pain” but sees opportunities to improve the agent experience and “fragmented” MLS space.

Agents 249

Agents 249

Inman

JULY 19, 2024

The FCC announced on Tuesday a plan to help consumers identify and block AI-generated robocalls. The plan, if passed, could impact a key part of real estate agents' lead generation methods.

Real Estate Agent 165

Real Estate Agent Real Estate Agents Technology 165

Housing Wire

JULY 19, 2024

Artificial intelligence has taken the real estate industry by storm over the past two years and Coldwell Banker is no exception. On Thursday, the Anywhere Real Estate brand announced that it had equipped its exclusive marketing platform tool Listing Concierge with generative AI capabilities. Through this update, the firm says the platform will now allow agents and concierge coordinators to automate the generation of listing descriptions, captions of images and property attributes.

Advertising 406

Advertising Real Estate Realty Technology 406

Appraisal Buzz

JULY 18, 2024

A new survey from the National Association of Realtors (NAR) revealed that from April 2023 to March 2024, foreign purchasers bought $42 billion worth of existing properties in the U.S., a 21.2% decrease from the previous 12 months. 54,300 properties were purchased by foreign buyers, representing the lowest amount of homes purchased since 2009, the year NAR started collecting this data, and a 36% decrease from the prior year.

Buyers 380

Buyers Real Estate Realtors Development 380

Real Estate News

JULY 17, 2024

High mortgage rates, which increase the cost of buying, should push prices down — right? But the relationship between rates and home prices isn’t that simple.

Housing Market 250

Housing Market Marketing Mortgage 250

Inman

JULY 17, 2024

Interest rate buydowns involve a trade-off between upfront costs and long-term affordability. Clever CEO Luke Babich offers strategies to help clients make the choice.

Clients 171

Clients Lending Agents Mortgage 171

Housing Wire

JULY 19, 2024

They say everything is bigger in Texas — and apparently that includes housing inventory growth. While available homes for sale are growing all over the country , it’s happening at a dramatic scale in Texas. According to a second-quarter 2024 report from Texas Realtors, the number of active listings from April to June of this year were up 40.8% compared to the same period last year.

Inventory 405

Inventory Realtors Housing Market Buyers 405

Appraisal Buzz

JULY 19, 2024

According to the most recent Leading Indicator of Remodeling Activity (LIRA) from the Joint Center for Housing Studies (JCHS) , homeowner spending on upgrades and repairs is anticipated to increase through the first half of 2025 following a slight decline. According to the LIRA, through the second quarter of 2025, the yearly drop in spending on owner-occupied home maintenance and improvements is projected to only slide -0.5%.

Renovations 372

Renovations Appraisal 372

Real Estate News

JULY 13, 2024

Lamacchia grows with MA acquisition; Real reaches 20k agents; RE/MAX gains 60-agent firm; C21 franchise and Florida indie merge; eXp joins Fortune 1000; more.

Brokerage 248

Brokerage Agents 248

Inman

JULY 18, 2024

Is it still impolite to talk about politics? Maybe not, and social media expert Jessi Healey says talking about it might gain you more followers than you think.

Marketing 174

Marketing Agents 174

Housing Wire

JULY 17, 2024

Real estate investor sentiment rose 16% from the prior quarter and 60% of surveyed investors view the current housing market more favorably than a year ago. That was the key conclusion of the Summer 2024 Investor Sentiment Survey released Wednesday by Connecticut-based mortgage lender RCN Capital and conducted by business advisory firm CJ Patrick Co.

Real Estate 401

Real Estate Investors Insurance Investing 401

Appraisal Buzz

JULY 17, 2024

Down Payment Resource (DPR) is showcasing 18 U.S. homebuyer assistance programs that are especially made to support persons with disabilities and their family caregivers on their road toward homeownership in honor of Disability Pride Month, which takes place in July. 18 of the 2,300+ U.S. homebuyer aid programs in DPR’s database are especially designed to support accessibility and inclusivity for prospective homeowners with disabilities, while individuals with impairments may be eligible for any

Renovations 367

Renovations Buyers Design Mortgage 367

Real Estate News

JULY 15, 2024

The state association is rolling out buyer agreements and other forms that it believes offer a balance of simplicity and agent protections.

Realtors 263

Realtors Agents Buyers 263

Eyes on Housing

JULY 19, 2024

The NAHB/Westlake Royal Remodeling Market Index (RMI) for the second quarter of 2024 posted a reading of 65, down one point compared to the previous quarter. The RMI remains solidly in positive territory, and NAHB continues to project that remodeling activity has stabilized at a healthy level in 2024. Although some remodelers are reporting a.

Marketing 164

Marketing 164

Housing Wire

JULY 18, 2024

After slamming the California Association of Realtors (CAR) for a draft of its buyer representation agreement, the Consumer Federation of America (CFA) on Tuesday released its proposed criteria for evaluating buyer representation agreements. The CFA said the proposed criteria was created after the group received requests from several unnamed real estate companies.

Buyers 382

Buyers Contracts Realtors Real Estate 382

Appraisal Buzz

JULY 17, 2024

In today’s episode, we welcome back Shawn Telford, the Chief Appraiser and Valuation Officer for CoreLogic. Shawn takes us through his journey in the appraisal industry and his influential role at CoreLogic. Then we delve into the upcoming UAD changes, their implications for appraisers, and the timeline for these significant updates. Plus, get a sneak peek into the panel discussion Shawn will lead at Val Expo on August 21st, alongside industry experts Lee Trice and James Heaslet.

Appraisal 367

Appraisal Valuation Modernization 367

Real Estate News

JULY 13, 2024

Michael Saunders has always been driven, building her brokerage into a multibillion-dollar company with the goal of making a difference.

Brokerage 268

Brokerage 268