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Integrity in Real Estate
Updated: 2 hours 47 min ago

The Rental Market is Softening, But Many Are Still Struggling

Wed, 01/31/2024 - 09:13

Rental markets are beginning to “soften,” and rent growth has nearly come to a halt after historically high increases in 2021 and 2022, according to the 2024 America’s Rental Housing report led and presented by Whitney Airgood-Obrycki, a senior research associate at the Harvard Joint Center for Housing Studies. Supply is now outpacing demand for…

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Mortgage Applications Decrease This Week

Wed, 01/31/2024 - 08:42

While mortgage rates still hovering in the mid-sixes fluctuated little this past week, mortgage applications decreased 7.2% from one week earlier, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending January 26, 2024. Last week’s results included an adjustment to account for the MLK holiday. Here’s…

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LeadingRE Announces 36 New Members from Across the Globe

Wed, 01/31/2024 - 07:51

Leading Real Estate Companies of the World® announced the addition of 36 new members to its professional community in 2023. The new member firms to have joined LeadingRE’s network last year include property businesses from the UK, Europe, United States, Canada, Latin America, Caribbean, Asia, the Middle East and Africa. The company stated that this…

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Buffini & Company to Host Master Class

Tue, 01/30/2024 - 12:40

Buffini & Company has announced the return of its Master Class. This business-building event will take place in Anaheim, California, from February 8-9, 2024. The event combines networking, coaching and training, with the promise of learning how to boost ones’ referrals and with it, market share. Hosted by founder and chairman Brian Buffini, the Master…

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Survey Reveals How Brokers Are Feeling About 2024

Tue, 01/30/2024 - 12:38

Real estate brokerage leaders are once again bullish on housing and the economy in 2024, according to the newest Delta Real Estate Leadership Survey. The survey includes responses from more than 130 brokerage leaders representing firms collectively responsible for more than 65% of all home sales last year. Two in three (66%) leaders expect housing…

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6 Philosophies for Life and Business to Make 2024 Your Best Year Yet

Tue, 01/30/2024 - 12:06

Editor’s Note: Click here to purchase replays of RISMedia’s Real Estate’s Rocking in the New Year and see the full videos of all 16 sessions and 50+ industry leaders. Also, don’t miss Jessica Edgerton, Chief Legal Officer for LeadingRE, James Dwiggins, Co-Founder and CEO of NextHome and Anthony Lamacchia, CEO of Lamacchia Companies in an exclusive panel…

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Report: Home Prices Decelerate but Show YoY Gain

Tue, 01/30/2024 - 10:04

Data released Jan. 30 showed 12 out of the 20 major metro markets reported month-over-month home price decreases. The S&P CoreLogic Case-Shiller Index, covering all nine U.S. census divisions, reported a 4.8% annual change for the month, up from a 4% change in September.  As for year-over-year, the Index reported a 5.1% annual gain in…

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Real Estate Icon Bob Hale Announces Retirement Plans; HAR Board Announces Successor

Tue, 01/30/2024 - 09:25

Above, Bob Hale, HAR president and CEO, co-moderates a panel with RISMedia Founder and CEO John Featherston at the 2023 CEO & Leadership Exchange Houston Association of REALTORS® (HAR) President and CEO Bob Hale, regarded as a titan in the U.S. residential real estate trade, has announced plans to retire in 2026, ending 52 years…

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Consumer Confidence Hits Two-Year High

Tue, 01/30/2024 - 08:43

Consumer confidence increased 6.8 points to 114.8 in January, the third consecutive month of increases and the highest reading seen since December 2021, according to the latest data from The Conference Board.  “January’s increase in consumer confidence likely reflected slower inflation, anticipation of lower interest rates ahead and generally favorable employment conditions as companies continue…

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‘First-Time Buyer’ Debuts Season 4

Tue, 01/30/2024 - 07:16

The National Association of REALTORS® has announced the release of the fourth season of its docuseries, “First-Time Buyer,” now available to stream. Filmed in Chicago, Oklahoma City and Tulsa, this season delves deeper into the home-buying process, showcasing the value and expertise that agents who are REALTORS® bring to first-time homebuyers. Each of the eight…

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How to Find The Best Listing Agent When Selling a House

Mon, 01/29/2024 - 12:46

Selling a home is a significant undertaking. Choosing the right listing agent can make a world of difference in the success of your real estate venture. It becomes exceptionally crucial for a first-time seller to know the importance. Finding the best listing agent involves careful consideration, research, and a thoughtful interview. You will learn strategies…

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Taking a Closer Look at Attorney Contingencies Versus Agent Commissions

Mon, 01/29/2024 - 12:43

The recent antitrust lawsuit inadvertently highlighted something interesting during the trial. The plaintiffs’ attorney successfully argued that the whole real estate industry engaged in collusion and price-fixing. As real estate professionals, we know that isn’t true, right? Here’s the interesting part: Those attorneys who will be paid on contingency literally make their money in exactly…

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Get Contracts to the Finish Line

Mon, 01/29/2024 - 12:21

With the real estate contract cancellation rate for new and existing homes roughly 20% as of early 20231, it’s more important than ever for agents to have effective closing strategies. Budget pressure from rising home prices and higher interest and insurance rates, more choices from additional inventory, and waived contingencies can all make today’s buyers…

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RE/MAX Voted ‘No. 1 Most Trusted Real Estate Agents’

Mon, 01/29/2024 - 11:58

RE/MAX announced that consumers voted RE/MAX as the brand with the No. 1 Most Trusted Real Estate Agents in the U.S. and Canada.  In an independent annual survey conducted by BrandSpark International, in collaboration with Newsweek magazine, more than 26,000 American shoppers and 25,000 Canadian shoppers provided unaided, top-of-mind responses on service providers they trust…

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The Tech Revolution in Real Estate: Streamlining Processes and Enhancing Home Improvement

Mon, 01/29/2024 - 11:49

In the rapidly evolving landscape of the 21st century, technological tools have become indispensable in many industries, and the real estate sector is no exception. The tech revolution has changed everything: from property transactions to smart home technology to home improvement projects. This transformation is not only making processes more efficient but also enhancing the…

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Team Tactics: 4 Vital Metrics to Assess Your Team’s Business

Mon, 01/29/2024 - 11:28

Real estate isn’t a numbers game. It’s a relationships business. Though many have tried, no one has yet succeeded in turning the practice of buying and selling homes into an equation that can be worked out and solved on paper. But while your team’s business is almost certainly built on human connections and powered by…

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Ketchmark vs. Lamacchia in Contentious Debate, as Both Make Forceful Points

Mon, 01/29/2024 - 10:33

Above, Michael Ketchmark, left and Anthony Lamacchia Editor’s Note: Don’t miss Anthony Lamacchia along with Jessica Edgerton, Chief Legal Officer for LeadingRE and James Dwiggins, Co-Founder and CEO of NextHome, in an exclusive panel for brokers moderated by Darryl Davis, Founder of Darryl Davis Seminars and John Featherston, Founder and CEO of RISMedia on Wednesday,…

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Home-Selling Profits Dropped in 2023 for the First Time Since the Great Recession

Mon, 01/29/2024 - 08:53

During 2023, national homesellers made a $121,000 profit on the typical sale, leading to a 56.5% return on investment, according to ATTOM’s Year-End 2023 U.S. Home Sales Report. Gross and profit margins were stagnant—still near record levels—but decreased from 2022, which indicates the first decline in each respective category since 2011. The gross profit margin…

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COURT REPORT: NAR, Big Brokerages Split on Consolidation; REBNY Suit Dropped

Mon, 01/29/2024 - 08:46

Just as the litigious real estate landscape seemed to be settling down, the ground has shifted again, with a surprise settlement in one especially dangerous and advanced case, and the sudden dismissal of another.  Simultaneously, after months of new cases piling up, the push for consolidating commission-related class-action lawsuits is accelerating, with the National Association…

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New York Home Prices Increased in 2023

Fri, 01/26/2024 - 12:50

OneKey MLS, which covers the southern counties of New York (the NYC metro area, Long Island, and Hudson Valley), has released its latest market report for the region.  The report tracks both month-to-month (November to December 2023) and year-to-year (2022 to 2023) changes. For the latter, sale prices increased by 2.10%, rising from $590,000 in…

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