Real Estate News and Auction

Get insights from auction expert Stuart Collar Brown on the realistic approach required for auction sales in 2024.

Private equity fund manager Grant Cardone joined 'FOX & Friends' to discuss current struggles with the housing market and the impact interest rates have on consumers. 

Episode #859


0:58 Fed Announces Rate Cuts

7:09 Strong Job Growth Won't Stop

12:23 New Bill Targets Corporate Landlords

20:52 Baby Boomers Buy Up Housing

The Valley of the Sun is gaining attention for an altogether different reason – the challenging real estate market for first-time buyers.

Real estate agent’s fees are always negotiable. But it doesn’t always feel that way to the homeseller, who typically pays the commission.

A copycat commission lawsuit filed on Thursday by home sellers in Texas names 47 real estate industry defendants.

Lauren Hochfelder, Morgan Stanley Real Estate Investing Co-CEO, explains why she's so bullish on the commercial real estate sector heading into 2024. She says demand is growing for warehouses, senior housing and medical offices. She speaks on "Wall Street Week" daily.

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A landmark verdict could usher in big changes for the industry.

Rental vacancies also hit their highest level since early 2021, giving prospective tenants more options, Redfin reported.

Other amenities include a pool with fountains, a theater, four fireplaces and a ramada

The Federal Reserve is projecting as many as three interest rate cuts next year. That could help lower mortgage rates, which have been at a two-decade high this year, and help improve the affordability of buying a home. But a landmark jury decision could also change the costs of buying and selling a home and its overall price tag. Economics correspondent Paul Solman reports from Missouri.

The Wall Street bank released its outlook for key housing stats through 2027, and its chief economist said the immediate risk of a US recession is low.

Annual median home prices are expected to remain largely unchanged at the national level in 2024, for the second straight year, modestly improving affordability from rising income.

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Altos Research is the premier resource for real-time real estate data. We provide weekly market statistics, analysis and reporting for 99% of the zip codes in the U.S., helping real estate professionals, investors, financial institutions, and their clients make better-informed decisions.

Featuring Mike Simonsen, President of Altos Research

A true data geek, Mike founded Altos Research in 2006 to bring data and insight on the U.S. housing market to those who need it most. Altos provides national and local real estate data to financial institutions, real estate professionals, and investors across the country, and the company is now part of HW Media, publisher of HousingWire and RealTrends. Mike uses Altos data to identify trends in the real estate market well before the headlines, and his work has been featured in the New York Times, The Atlantic, .

“The rate momentum is as good as the trajectory of economic data,” said Mortgage News Daily’s chief operating officer, Matthew Graham.

I. Research and Strategy

• Identify target properties for auction.
• Research market trends and property values.
• Develop a bidding strategy based on property analysis.

II. Due Diligence

• Verify property ownership and legal status.
• Review property inspection reports.
• Check for outstanding taxes or liens.

III. Financial Preparation

• Set a maximum bid limit.
• Secure financing or funds for the auction.
• Calculate additional costs (fees, repairs, etc.).

IV. Property Inspection

• Schedule a personal inspection of the property.
• Document any visible issues or concerns.
• Assess the neighborhood and surroundings.

V. Legal Review

• Review the auction terms and conditions.
• Understand the purchase agreement and addendum.
• Seek legal advice if necessary.

VI. Pre-Qualification

• Ensure you meet pre-qualification requirements.
• Obtain necessary documentation for pre-qualification.
• Confirm pre-qualification status with auction organizers.

VII. Technology and Platforms

• Familiarize yourself with the auction platform.
• Test your internet connection and device compatibility.
• Set up accounts and profiles as needed.

VIII. Bidding Strategy

• Determine your bidding increments.
• Be aware of competing bidders and their strategies.
• Stay disciplined and stick to your maximum bid.

GET REBATE FROM BUYERS AGENT

IX. Post-Auction Plan

• Confirm the successful bid and payment process.
• Coordinate property transfer logistics.
• Plan for property inspection after winning the auction.

X. Miscellaneous

• Bring identification and registration documents.
• Have a backup plan for technical issues.
• Attend any pre-auction seminars or information sessions.

Another buyer-broker commissions lawsuit, filed Dec. 8, names NAR, San Francisco-area associations, BAREIS MLS and five national brokerages.

"Price cuts are more common than normal – chances are good that prices are negotiable," Zillow economists said.

Buyers and sellers are ‘making moves now because they can only wait so long,’ one real-estate agent says

Lawsuit Pileup

Having a hard time keeping track of all the commission lawsuits out there? Here is a list of the big ones you need to know.

• Moehrl - 

• Sitzer/Burnett - 

• Gibson - 

• Nostlic 

• Batton 1 and 2

• Burton

• March

• QJ Team

• Phillips

The massive Beverly Park home, spanning 28,000 square feet, was built for the singer in 1993

Despite a great "correction" on the horizon for the real estate industry, private equity fund manager Grant Cardone criticizes Federal Reserve Chairman Jerome Powell for killing the housing market.

Borrowing costs are expected to ease further next year, which should entice buyers to return to the market. But there’s a wild card that could stunt sales growth.

Applications for mortgages to buy homes were also higher compared with the previous week.