Class-action lawsuits and fair housing violations are just the start
A new twist in the expanding market of pocket listings and private listing associations may start to cause real estate brokers to reconsider their positions on the practices. Scrutiny over “whisper listings” has led to questions of potential financial liability [...]
Look for Fannie and Freddie’s new regulator to push for looser underwriting, down payment requirements
Disclaimer upfront: I live and work in America’s most dysfunctional political and bureaucratic environment — inside the Beltway, Washington, D.C. So I have to admit that my ability to make predictions is handicapped by the inherent unpredictability of [...]
Last week, I had the privilege of attending the National Association of REALTORS® Conference in San Francisco. There were a number of highlights on my trip, including speaking to the Women’s Council of REALTORS® on the power of Memorable Marketing. Additionally, I got to know a number of fantastic agents who visited my [...]
November 8, 2013 release by NAR:
The National Association of Realtors is forecasting that home prices will continue to post gains next year, but that sales of existing homes will be flat due to headwinds including declining affordability, limited inventory and tight mortgage lending standards.
Sales of existing homes have grown by cumulative total of [...]
An estimated 360,000 Realtors had no health insurance in 2012
The National Association of Realtors has launched a private health insurance exchange with plans that comply with the new health care law, offering hundreds of thousands of uninsured and underinsured Realtors an alternative to the problem-riddled federal website.
The [...]
Study finds pocket listings accounting for 1 in 4 sales in some Northern
California markets
The California Association of Realtors has published a “Q‐and‐A” on pocket listings for Realtors to distribute to their clients and the news media titled “The Pros and Cons of Off‐MLS Listings: What Consumers and Real Estate [...]
Southern California real estate agents are using reconnaissance and back- channel networks to find houses that haven’t yet hit the market. Some even offer bizarre gifts.
Ryan Mathys spent weeks prospecting.
He drove up and down the little avenue in Solana Beach, taking notes and knocking on doors. He scoured public [...]
RealtyTrac: More than 8 in 10 REOs and 9 in 10 non-REO foreclosures are not on the market!
More than 8 in 10 real estate owned (REO) properties — 500,000‐plus homes that could ease today’s sharp inventory shortage — are unlisted, according to an estimate by data aggregator RealtyTrac.
And more than [...]
Buyers tying up one property, making offers on others in the hopes of obtaining a better deal
Your buyer has just won a bidding war where there were five other offers.
Although they didn’t intend to pay $30,000 over asking price, they are happy to finally have a house under contract after [...]
Warren Buffet really opened up a can of worms when he made the statement in the Spring of 2012 that he would buy “a couple hundred thousand” single family homes and hold them for a long time, at low mortgage rates. The moment that statement came from his lips, every hedge fund in [...]
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