Housing Wire
APRIL 3, 2024
Millennials replaced baby boomers as the largest group of homebuyers in 2023. The combined share of millennials, both younger (ages 25 to 33) and older (ages 34 to 43), made up a combined 38% of the home purchase market last year, up from 28% in 2022, according to the 2024 Home Buyers and Sellers Generational Trends report from the National Association of Realtors (NAR).
Real Estate News
APRIL 3, 2024
NAR’s annual generational trends report examines buyer and seller characteristics and dives into their needs — and how they compensate agents.
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Housing Wire
APRIL 3, 2024
Top U.S. mortgage lender United Wholesale Mortgage (UWM) is the target of a class-action-seeking lawsuit alleging it orchestrated a scheme with mortgage brokers to apply excess fees and costs to borrowers. The wholesale lender called the accusations a “sham.” The lawsuit was filed on Tuesday in a Michigan district court by Therisa D. Escue, Billy R.
Real Estate News
APRIL 3, 2024
The acquisition of the century-old firm and its 3,100 agents could give Compass an edge in the NOLA and greater Gulf Coast market.
Speaker: Abdi Ali, Sr. Lease Accounting Consultant
Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.
Housing Wire
APRIL 3, 2024
The Community Home Lenders of America (CHLA) this week submitted a letter to the Federal Housing Administration (FHA) that urges the agency to “provide comparable down payment treatment for FHA borrowers, regardless of whether or not the seller is willing to pay the home buyer broker commission,” according to an announcement by the organization. The letter is being sent in response to a series of real estate commission lawsuits and the recent $418 million settlement by the National Association o
Real Estate News
APRIL 3, 2024
After reaching a $40 million settlement in a separate case a year ago, the brokerage faces new allegations of sending unsolicited text messages.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Keeping Current Matters
APRIL 3, 2024
Buying a home this spring?
Housing Wire
APRIL 3, 2024
Ocwen Financial Corp., the parent company of top five reverse mortgage lender Liberty Reverse Mortgage and PHH Mortgage Corp. , announced on Wednesday that it is undergoing a rebranding effort and will be known as Onity Group Inc. This is according to a company spokesperson and a subsequent announcement issued on Wednesday. The only entity to be immediately impacted in the initial rebranding stage is Ocwen itself, but a version of the new name is expected to roll out to both Liberty and PHH at s
Inman
APRIL 3, 2024
Latter & Blum has been an indie for more than 100 years and today boasts more than 3,100 agents. The deal pushes Compass into Louisiana and Mississippi for the first time.
Bigger Pockets
APRIL 3, 2024
Abandoned homes have become a problem in some of America's largest cities. Baltimore has come up with an interesting solution by selling off these properties for $1. What's the catch?
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In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.
Inman
APRIL 3, 2024
United Wholesale Mortgage denied explosive allegations that many mortgage brokers who send it business aren't shopping around for best deals. UWM dismissed a related lawsuit as "a sham.
Bigger Pockets
APRIL 3, 2024
Why rent when you can buy? Luxury brands like Louis Vuitton and Prada have made moves to buy up huge commercial properties to convert them into flagship storefronts, with many deals totaling $200 million-plus.
Inman
APRIL 3, 2024
The trash-strewn property is sandwiched between two large, multimillion-dollar mansions, and residents are concerned the mounds could negatively affect property values in the area.
Bigger Pockets
APRIL 3, 2024
Some states are seeing their highest REO increases since the 2008 recession. South Carolina saw a 51% increase, while cities like New York saw their totals increase in the commercial space. What does this mean for the housing market?
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As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.
Inman
APRIL 3, 2024
The federal agency will send checks to 54,689 consumers it says were deceived by advertising and marketing claims made by the iBuyer.
RIS Media
APRIL 3, 2024
As the housing industry celebrates New Homes Month in April, data shows that builders continue to respond to buyer preferences by constructing smaller homes to place homeownership within reach of families planning to buy a home this year. In fact, a recent National Association of Home Builders (NAHB) analysis found that new homes built in… The post Home-Buyer Preferences Shift as Affordability Challenges Remain appeared first on RISMedia.
Inman
APRIL 3, 2024
The cost of becoming a new homeowner goes well beyond down payments and monthly mortgage payments. In fact, the typical homebuyer expects to spend approximately $30,000 on home maintenance, upgrades and repairs in the coming year — an amount that equals 40 percent of the median U.S. household income ($74,580).
HomeLight
APRIL 3, 2024
Changing your name often reflects a big change in your life. Whether you’re celebrating a marriage, finalizing a divorce, dealing with the estate of a loved one, or embracing a fresh start, knowing how to change your name on a deed can help you move forward. Perhaps this need has arisen as you’re preparing to sell your home , and a discrepancy in the deed’s name has come to light.
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Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.
Inman
APRIL 3, 2024
The bankrupt provider of coworking spaces is aiming to emerge from chapter 11 bankruptcy before June through the restructuring of hundreds of leases, company executives said Tuesday.
Eye on Housing
APRIL 3, 2024
The two most wanted features in a home are a laundry room and a patio, according to NAHB’s latest study on buyer preferences—What Home Buyers Really Want Study*. Buyers in the study were given a list of 200+ features of the home and the community and asked to rate each one on a consistent scale.
Inman
APRIL 3, 2024
Purchase loan applications have been flat for two consecutive weeks, and now mortgage rates are popping again as more worrisome inflation data rolls in.
Lighter Side of Real Estate
APRIL 3, 2024
Buyers often wonder how long it’ll take to find the perfect home, so they can plan when to start their home search in earnest. Well, according to the National Association of Realtors® , the short answer is that it typically takes about 10 weeks for a buyer to find a home, based upon the most recent data. That might sound like no time at all, or it could seem like an eternity, depending upon how urgently you need to find a home.
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Navigated 360° tours, like YourVRTours, advance pipelines by engaging clients further along the sales funnel. These immersive experiences provide comprehensive property insights, increasing buyer intent and readiness. By embracing navigated tours, agents can optimize property exposure, better qualify leads, and streamline the sales process. Stay ahead in the ever-evolving real estate landscape with innovative technology that elevates buyer journeys and progresses pipelines more effectively.
Inman
APRIL 3, 2024
Brokerage leaders told Intel their faith in improving capital conditions is still alive but weakening. What happens next remains an open question with high stakes for the real estate industry.
RIS Media
APRIL 3, 2024
Compass has announced the brokerage will be expanding its nationwide footprint through the acquisition of Latter & Blum, an historic 100+-year-old real estate giant with more than 3,000 agents and 32 offices across the Gulf Coast region of Texas, Louisiana, Mississippi and Alabama. The move brings Compass into New Orleans and the broader Louisiana and… The post Compass Acquires Historic Gulf Coast Giant Latter & Blum appeared first on RISMedia.
Inman
APRIL 3, 2024
The mansion marks the Amazon founder's third such purchase on Indian Creek Island, an exclusive enclave in Miami with limited availability.
RIS Media
APRIL 3, 2024
As I sat in my family room Monday night, eagerly watching the NCAA Tournament second-round game between No. 1 seed Iowa and No. 8 seed West Virginia, I couldn’t help but feel a surge of emotion. There was a lot on the line as Caitlin Clark took the floor at Carver-Hawkeye Arena one final time.… The post Thoughts on Leadership: The Caitlin Clark Effect appeared first on RISMedia.
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BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.
Inman
APRIL 3, 2024
We want to gauge your attitude and the feelings of your friends and colleagues, so tell us: If you had to use one word to describe agent sentiment right now, what would it be?
Seattle Times Real Estate
APRIL 3, 2024
More new homes in the Seattle area are hitting the market for sale, but buyers are still struggling to juggle slim supply, high prices and high interest rates.
Inman
APRIL 3, 2024
New laws enacted to prevent the use of Non-Title Recorded Agreements for Personal Services — or NTRAPs — are sweeping the nation as critics decry alleged deceptive and predatory practices.
Brownstoner
APRIL 3, 2024
After months of trying to track down an elusive heir to the abandoned East New York house Sybil "Tami" Green moved into 10 years ago to find out if he willingly agreed to sign the deed over to a group of Brooklyn flippers who have filed to evict her, Green… Read More > The post Deed Fraud Questions Arise in Case of Woman Fighting for East New York Home appeared first on Brownstoner.
Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty
Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.
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