Housing Wire

MARCH 15, 2024

While many in the real estate industry were surprised by the news Friday morning that the National Association of Realtors had agreed to a nationwide settlement of the commission lawsuits for $418 million, Marty Green, a principal at law firm Polunsky Beitel Green , was not one of them. There is an agreement but what about approval?

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Industrial MLS Brokerage Agents 448

Housing Wire

FEBRUARY 22, 2024

When the Department of Justice (DOJ) revealed last week the changes it would like to see in how real estate agents and brokers are compensated through its statement of interest filed in the MLS Property Information Network commission lawsuit , few in the real estate industry were surprised by the agency’s desire to decouple commissions.

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Industrial MLS FHA loan Agents 442

Housing Wire

APRIL 22, 2024

We’re watching sales volumes , which are definitely up over past year but remain slow. The backward-looking price data, which look at actual sales prices, are up about 6% year over year. The leading indicators for future sales prices aren’t nearly that strong. We’ve been talking about sales growth over the past year.

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Sales Mortgages Closing Marketing 463

Housing Wire

JULY 5, 2024

Like many in title , Iain Bryant, the newly appointed president of Stewart Title’s agency division, found his way into the industry through family. Services , a title production business, in 1990, and after growing up surrounded by the title industry, Bryant said he was determined to never be part of the industry. “My

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Title Industrial Agents As-is 380

Housing Wire

DECEMBER 30, 2024

A report released Monday by the National Association of Realtors (NAR) showed an increase in pending home sales for the fourth consecutive month. NAR’s Pending Homes Sales Index (PHSI) report is a forward-looking source that predicts home sales based on contract signings. The report found that pending home sales jumped 2.2%

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Sales Mortgages MLS Marketing 329

Housing Wire

MAY 7, 2024

The uptick in agent count contributed to a 74% yearly jump in transaction count to 19,032 sides, good for a total sales volume of $7.5 Many in the industry believe these changes will cause industrywide agent attrition, which could clearly put a damper on Real’s impressive agent count growth.

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Industrial Agents Brokerage Title 451

Housing Wire

OCTOBER 31, 2024

. “They’ve got us by the balls,” said one mortgage pro in an interview between sales meetings at Mortgage Bankers Association (MBA) Annual 2024 in Denver. A tri-merge report that a couple years ago was $20 is around $60 right now, one industry pro told HousingWire. “What choice do we have but to pay more? .

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Industrial Mortgages Closing costs Lending 388

Housing Wire

SEPTEMBER 25, 2024

These companies are adding sales and operational staff, preparing for the expected drop in rates and subsequent increases in volumes. However, the industry is approaching this cycle with caution. We’re overstaffed by design, and we never let sales get ahead of operations.” The first thing we are hiring for is more recruiters.

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Industrial Mortgages Loan Officer Loans 386

Housing Wire

OCTOBER 23, 2024

American Identity Group , an information security company that monitors and fixes security breaches and primarily operates in the wholesale lending space, has also become well established in the title and home warranty industries. When we look at the mortgage industry in our office, we broad-brush it,” he said. “We

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Industrial Title Mortgages Lending 388

Housing Wire

NOVEMBER 20, 2024

Momentum Builder has acquired Sales Mastery , the companies announced Wednesday. The merger of two industry leaders in sales training and coaching will result in a “unified super brand” that will be known as Sales Mastery Powered by Momentum Builder, the companies said in a press release. 14-17 in Dallas.

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Branding Sales Staging Industrial 370

Housing Wire

SEPTEMBER 5, 2024

Data released Thursday by Realtor.com and Redfin shows that even as more homes are being listed for sale and mortgage payments are becoming more affordable, fewer transactions are occurring. It was the 10th straight month of annualized growth and for-sale inventory is now at its highest level since May 2020. year over year to $429,990.

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Sales Mortgages Agents As-is 416

Housing Wire

SEPTEMBER 27, 2024

Those in attendance told HousingWire ’s Reverse Mortgage Daily (RMD) that the event provided ample opportunity for networking and educational content while boosting hopes that the industry can grow in the coming years. But others, including longtime industry veterans, also said they detected an energy at the event.

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Industrial Mortgages Loans Title 368

Housing Wire

NOVEMBER 8, 2024

The conversation covers Bell’s and Naghmi’s co-authored real estate and mortgage guidebook “Leadership Matters,” and the importance of communication and training for leadership development in the mortgage industry. In our industry, we have so many different verticals. As an industry, we must come together and grow as leaders.

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Industrial Mortgages Equity Development 325

Housing Wire

OCTOBER 2, 2024

REcolorado has taken a big step toward moving on from its controversial sale earlier this year. “Dana brings the ideal combination of local market expertise and strong industry relationships — exactly what we need as we shape a new path for the future of our industry,” Joseph Burks, REcolorado’s new owner, said in a statement. .

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Purchase and sale agreement Sales MLS Industrial 361

Housing Wire

AUGUST 1, 2024

Talk to a real estate agent about expectations for the fall and they’ll likely mention that the housing market will be slow due in part to the election, a belief in the industry that’s become rote. But do these potential buyers have any bearing on overall home sales? The question is whether they’ll actually follow through on that.

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Sales Loans Industrial Marketing 362

Housing Wire

OCTOBER 9, 2024

In a recent episode of “The Loan Officer Podcast,“ hosts Dustin Owen and John Coleman sit down to expose common mortgage industry myths that can impact everyone from the media to recruiters and branch managers. The second myth addressed involves what they call the unnecessary adoption of 30-year mortgages in the housing industry.

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Industrial Mortgages Loan Officer Loans 338

Housing Wire

JUNE 5, 2024

Sieffert added that Paul Fiore, who most recently served as FOA’s chief retail sales officer and who came aboard with the AAG acquisition , has “made the decision to pursue other career opportunities and we wish him well in his future endeavors.” The news was first reported by National Mortgage News. Saying goodbye is never easy.

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Finance Sales Equity Mortgages 388

Housing Wire

JUNE 3, 2024

Roof AI , an artificial intelligence -powered sales assistant that helps real estate and mortgage companies generate revenue across their business units, announced the integration of OpenAI ’s technology into its system, significantly boosting its capabilities. Michel Moubarak, vice president of growth at Roof AI, told HousingWire.

Technology 394

Technology Sales Pre-approval MLS 394

Housing Wire

OCTOBER 28, 2024

I have attended several industry events recently and so many of the discussions continue to focus on the short game—top of funnel. These are exciting times for our industry and technology innovations continue to improve to support the needs of modern agents. Host monthly discussions to highlight popular features and demonstrate ROI.

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Industrial Technology Brokerage Agents 346

Housing Wire

OCTOBER 7, 2024

Photo courtesy of Willie & Kim Photography) Mortgage industry leaders expect more mergers and acquisitions (M&A) in 2025, fueled by declining interest rates and renewed market confidence after two years of what they describe as “modest activity.” The price of their franchise is going to be worth more,” Hanson said.

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Industrial Mortgages Due diligence Technology 310

Housing Wire

OCTOBER 7, 2024

Broker ownership of listings data has been a given in the real estate industry since MLSs migrated to the internet in the 1990s. But with REcolorado’s sale to Burks, the MLS is no longer owned by a Realtor association and thus isn’t subject to NAR rules. I don’t think people are as aware of it as they should be right now.

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MLS Sales Brokerage Agents 431

Housing Wire

NOVEMBER 13, 2024

In a new episode of “The Loan Officer Podcast,” host Dustin Owen chats with John Cornish of Iowa-based Key Mortgage Group about his path into the industry, tips for scaling a mortgage lending business and how to avoid stagnation as a loan originator. When I sold competitive products, the sales portion of it felt really easy.

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Mortgages Sales Loan Officer Lending 292

Housing Wire

DECEMBER 20, 2024

The state of leadership in the mortgage industry When people say, Theres no such thing as a perfect company, are they really acknowledging an inherentflaw or are they feeling the void left by inadequate leadership? Skills such as coaching, conflict resolution, and teammotivation are rarely developed through sales roles alone.

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Industrial Loan Officer Mortgages Loans 281

Housing Wire

AUGUST 2, 2024

My extensive experience in the home services industry has shown me the incredible potential in building strong relationships between homeowners and home service providers,” Exuma founder Anthony Perera said in a statement. AI has been top of mind for the real estate industry.

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Sales Staging Renovation Equity 391

Housing Wire

DECEMBER 2, 2024

Movement is constant in the mortgage industry. These movements are marked by transactions, including execution of employment agreements, sale or merger agreements, and management of risk. The second article deals with movement marked by mergers and acquisitions within the industry.

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Industrial Mortgages Branding Loans 325

Housing Wire

SEPTEMBER 6, 2024

In an industry where managing a web of technology vendors to support LO’s sales and marketing needs has become overwhelmingly complex, inefficient and creates unnecessary security and compliance risks, CANDID is quickly becoming a leader in transforming how mortgage lenders operate.

Mortgages 459

Mortgages Technology Staging Industrial 459

Housing Wire

OCTOBER 4, 2024

Home sales outlook The outlook for home sales shows a mixture of optimism and caution among respondents across all groups. Challenges facing the industry The challenges identified by respondents highlight several areas of concern. Home price predictions The expectation for home prices reflects a more conservative outlook.

Mortgages 420

Mortgages Marketing Brokerage Finance 420

Housing Wire

JANUARY 2, 2024

has seen for home sales, she said. has seen for home sales, she said. “[T]he And the peak in existing home sales was 2005 when you had around 7 million transactions.” And the peak in existing home sales was 2005 when you had around 7 million transactions.” That will grow to encompass 21% of the total U.S. homeowners.

Marketing 520

Marketing Equity Industrial Mortgages 520

Housing Wire

DECEMBER 29, 2023

Most housing market forecasters believe that the existing home-sales market will likely only improve slightly next year. At around 30% now, the homebuilding industry is likely near the peak level of new-home sales as a share of the entire housing market, according to industry experts who spoke with HousingWire in August.

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Construction New Construction Lending Sales 451

Housing Wire

SEPTEMBER 5, 2024

This is why industry estimates call for a robust 2025 with $2 trillion in expected mortgage originations.” The availability of homes for sale has increased in markets across the country. An additional 27% said they’re targeting a 4% rate, while 20% say it’s 6%. But now rates are down more than 1.5% from this peak.

Mortgages 457

Mortgages Marketing Construction Sales 457

Housing Wire

DECEMBER 13, 2023

As 2023 draws to a close, housing professionals hope for relief from the high mortgage rates, terrible inventory levels and slow sales that characterized the year. They may find that relief for mortgage rates next year, according to forecasts from various industry experts compiled by HousingWire. million to 5.07

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Sales Mortgages Construction As-is 486

Housing Wire

NOVEMBER 6, 2023

held up in 2023, sales volume in the housing market cratered. Consumers care about home prices and mortgage rates; the industry cares about transaction volume. The industry is in a deep housing recession this year. Transaction volume no longer decreasing YoY Pending contracts saw fewer sales compared to last year until October.

Marketing 475

Marketing Mortgages Industrial Sales 475

Housing Wire

AUGUST 5, 2024

markets on Monday as the S&P 500 and the Dow Jones Industrial Average fell by 3% and 2.6%, respectively. While technology-sector darlings such as Nvidia and Apple got thumped the hardest, the real estate industry also took its fair share of lumps. The global stock selloff that began overnight in Asia rolled through U.S.

Brokerage 439

Brokerage Marketing Mortgages Technology 439

Housing Wire

SEPTEMBER 11, 2024

Overall, it has been a positive few weeks for the housing industry, which is still in a recession in the existing home sales market. Once you adjust to the workforce, home sales have been trending at the lowest levels ever. So what is going on? The mortgage spreads are improving in 2024.

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Mortgages Loans Sales Marketing 514

Housing Wire

APRIL 19, 2024

The lawsuits have prompted a reevaluation of industry practices, leading agents to adopt more client-centric approaches with a heavy focus on demonstrating the value they bring to the transaction process. What has changed the most in the past 12 to 18 months within the industry?

Brokerage 448

Brokerage Branding Agents Industrial 448

Housing Wire

JULY 10, 2024

For over 37 years I have been a consultant to brokerage firms, MLS’s, Association of Realtors, and other entities related to the residential brokerage industry. In addition to general advisory consulting, I was involved in nearly 1,000 sales or acquisitions of entities in this industry. Here is what I learned.

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Purchase and sale agreement Due diligence MLS Brokerage 380

Housing Wire

MARCH 19, 2024

Firms that are not covered by the settlement include industry giants like Compass ($228 billion in sales volume in 2022 ), eXp Realty ($159.1 Each of these firms were ranked in the top eight of the 2023 RealTrends 500 , which are based on 2022 sales volume figures. But it’s a pretty big loss for the industry as a whole.”

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Brokerage Industrial MLS Sales 417