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Brown Harris Stevens Announces New Multimedia Platform

USA Real Estate News-RISMedia - Wed, 2023-12-06 15:17

Brown Harris Stevens has announced the launch of a new multimedia platform – the Mastery of Real Estate Network, or MORE Network. Now available with dedicated channels on Apple Podcasts and YouTube, the MORE Network hosts direct-to-consumer multimedia audio and web series starring Brown Harris Stevens agents from around the country, produced and edited in-house…

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Construction Highest in Exurban Areas

USA Real Estate News-RISMedia - Wed, 2023-12-06 15:04

For the third consecutive quarter, single-family growth rates were negative for all geographic sectors of the nation, as exurban areas posted the largest increase in market share for both single-family and multifamily construction, according to the latest findings from the National Association of Home Builders (NAHB) homebuilding Geography Index (HBGI) for the third quarter of…

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KW Command’s AI update will now generate ad campaigns for users

USA Real Estate News-Inman - Wed, 2023-12-06 14:55
Keller Williams has released a number of updates to Command, its flagship enterprise software solution. Primary among them is a ChatGPT-integrated artificial intelligence-based ad campaign builder.

Barbara Corcoran’s ‘golden rule’ of real estate investing

USA Real Estate News-Inman - Wed, 2023-12-06 13:41
On a recent podcast, the Corcoran Group founder shared her strategy for success in real estate investment that she says has helped earn her a net worth of $100 million.

The November 2023 Luxury Market Report

USA Real Estate News-RISMedia - Wed, 2023-12-06 12:53

While there is little doubt that the current luxury market is facing challenges, we investigate the slight shift in some of the market’s variables that could be the key to market growth in the future. We acknowledge that during the last year the expectations and reactions of buyers and sellers have become so entrenched in…

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Not-yet-developed Dubai penthouse sells for $136M

USA Real Estate News-Inman - Wed, 2023-12-06 12:46
The sale of the Como Residences penthouse, located on the exclusive Palm Jumeirah archipelago, is the priciest ever to close in Dubai. The penthouse is expected to be complete in late 2027.

FHFA Announces Conforming Loan Limit Values for 2024

USA Real Estate News-RISMedia - Wed, 2023-12-06 12:32

The baseline conforming loan limit (CLL) for most U.S. mortgages backed by Freddie Mac and Fannie Mae in 2024 has increased from $726,200 to $766,550, an increase of $40,350 or 5.56% from 2023, according to the annual release by the Federal Housing Finance Agency (FHFA) this past Tuesday. The Housing and Economic Recovery Act (HERA)…

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New State-Level Commission Suits Target Smaller Brokerages

USA Real Estate News-RISMedia - Wed, 2023-12-06 12:29

Another week, another commission lawsuit (or three). As bigger, national lawsuits continue to move slowly through the courts, attorneys in three states have decided to emulate the plaintiffs in Burnett, and bring very similar claims—that REALTOR® associations are conspiring with big brokerages to inflate commissions—to their regions. The Burnett case, which saw a jury award…

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NAR enrollment fell in 2023. Here’s where membership rose — and why

USA Real Estate News-Inman - Wed, 2023-12-06 12:00
NAR membership declined by 1.4 percent in the 12-month period that ended in October, with state-level enrollment hewing closely to local housing metrics, according to a state-by-state analysis by Intel.

My lunch with legendary investor Charlie Munger, and what I learned

USA Real Estate News-Inman - Wed, 2023-12-06 11:53
Charlie Munger, legendary philanthropist and business partner to Warren Buffett, died Nov. 28 at the age of 99. Inman founder Brad Inman recalls a consequential meal with the venerable investor.

NAR Opens Applications for 2024 REACH Program

USA Real Estate News-RISMedia - Wed, 2023-12-06 11:17

Second Century Ventures, the strategic investment arm of the National Association of REALTORS®, opened applications today for the 2024 U.S. REACH technology growth program. Applications for the U.S. REACH Commercial program will open in March 2024. The U.S. REACH program focuses on solutions supporting the residential real estate sector, including innovations from adjacent industries such…

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The Housing Markets That Will Dominate 2024

USA Real Estate News-RISMedia - Wed, 2023-12-06 11:13

As 2023 is coming to a close, there’s a lot of predictions up in the air for what the housing market is going to look like in 2024. Will mortgage rates come down? Will prices? Will the market crash? There’s a lot of questions, but one of the biggest is what markets are going to…

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‘The math isn’t mathing’: Girl Math for real estate agents

USA Real Estate News-Inman - Wed, 2023-12-06 10:53
Rachael Hite offers one perspective on the commission negotiation conversation that we can't afford to overlook. Women have to advocate for better pay across the board; their futures depend on it.

Mortgage Applications Continue to Rise

USA Real Estate News-RISMedia - Wed, 2023-12-06 10:40

Mortgage applications increased for the fifth straight week, raising 2.8% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Dec. 1, 2023. Last week’s results include an adjustment for the observance of the Thanksgiving holiday. The numbers: The Market Composite Index, a measure…

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Buckle up for the 2024 portal war

USA Real Estate News-Inman - Wed, 2023-12-06 09:40
Expect the portal wars to go into overdrive in 2024, with CoStar Group leading an ambitious effort to unseat Zillow as the country's top real estate portal, technology advisor Mike DelPrete writes.

Black Knight awarded $155.2M in PennyMac trade secrets lawsuit

USA Real Estate News-Inman - Wed, 2023-12-06 09:20
PennyMac is putting a positive spin on the arbitrator's ruling, saying the decision allows it to continue to use the disputed loan servicing software "free and clear of any restrictions."
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