When buying and selling real estate, the appraisal is pivotal. It’s an expert’s objective estimation of a home’s worth and serves as a cornerstone for financial decisions in real estate transactions. However, a low appraisal can disrupt the whole process and lead to complications for buyers, sellers, Realtors, and lenders. I will examine the ramifications… The post The Impact of Low Appraisals on...
There are several reasons agents prefer listing over working with buyers. From the ability to take on more clients at once to less time spent touring properties to increased control over transactions, many agents just prefer to represent sellers. But how do you find listing opportunities if this is your desired route? Get in touch… The post Get More Listings by Connecting With These 5 Demographics...
The term “redlining” may evoke images of 1930s bankers and real estate men drawing segregated maps in smoke-filled back rooms, but a growing log of settlements announced by the Civil Rights Division of the U.S. Department of Justice (DOJ) suggests that redlining is a persistent and pernicious practice. Occurring in both the past and present,… The post Recent Redlining Settlements Outline Framework...
This week, over 50,000 Opendoor customers will be receiving refunds based on a 2022 settlement agreement related to deceptive advertising practices, according to an announcement by the Federal Trade Commission (FTC). A total of $62 million is going back in the pockets of consumers who utilized the iBuying service years ago, based on a consent… The post Consumers Set to Receive Refunds From 2022 Opendoor...
The National Association of REALTORS® and Realtor.com today honored three winners of the Fair Housing Champion Award during NAR’s Fair Housing Month event, “Many Rivers to Cross: America’s Ongoing Fair Housing Journey.” Honorees received recognition for their efforts to advance fair housing and expand homeownership in their communities. With the Fair Housing Champion Award, REALTORS®… The post...
Compass has announced the brokerage will be expanding its nationwide footprint through the acquisition of Latter & Blum, an historic 100+-year-old real estate giant with more than 3,000 agents and 32 offices across the Gulf Coast region of Texas, Louisiana, Mississippi and Alabama. The move brings Compass into New Orleans and the broader Louisiana and… The post Compass Acquires Historic Gulf Coast...
As I sat in my family room Monday night, eagerly watching the NCAA Tournament second-round game between No. 1 seed Iowa and No. 8 seed West Virginia, I couldn’t help but feel a surge of emotion. There was a lot on the line as Caitlin Clark took the floor at Carver-Hawkeye Arena one final time.… The post Thoughts on Leadership: The Caitlin Clark Effect appeared first on...
As the housing industry celebrates New Homes Month in April, data shows that builders continue to respond to buyer preferences by constructing smaller homes to place homeownership within reach of families planning to buy a home this year. In fact, a recent National Association of Home Builders (NAHB) analysis found that new homes built in… The post Home-Buyer Preferences Shift as Affordability Challenges...
Mortgage applications decreased slightly from one week earlier by 0.6%, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Mar. 29, 2024. This week’s numbers: The Market Composite Index, a measure of mortgage loan application volume, decreased 0.6% on a seasonally adjusted basis from one week earlier. … The post Mortgage...
If there is one word that summarizes the hoped-for outcome of all the buyer commission lawsuits that have roiled the residential real estate industry over the recent past year, it has to be transparency. After the now-famous Burnett court decision and subsequent multi-million-dollar settlements from major brokerages and the National Association of REALTORS®, how and… The post New REW Buyer-Commission...