Housing Wire

SEPTEMBER 20, 2024

The National Reverse Mortgage Lenders Association (NRMLA), the reverse mortgage industry’s leading trade association, is preparing to host its 2024 Annual Meeting and Expo on Sept. 24-26 in San Diego. The event is typically the largest, most expansive meeting for a wide variety of reverse mortgage professionals. It also typically features federal housing officials to offer updates on the Home Equity Conversion Mortgage ( HECM ) program.

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Keeping Current Matters

SEPTEMBER 20, 2024

Mortgage rates are trending down and that’s great news for your bottom line.

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Mortgages 353

Housing Wire

SEPTEMBER 20, 2024

The Homebuyers Privacy Protection Act of 2024, a U.S. Senate bill introduced this past December that targets mortgage trigger leads, has been incorporated into the fiscal year 2025 National Defense Authorization Act (NDAA). This is a bill that Congress must pass each year, since it refers to laws that specify the annual budget for the U.S. Department of Defense (DOD).

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Real Estate News

SEPTEMBER 20, 2024

A new guide explains the types of compensation allowed (not an “open-ended amount or a range”), how buyers can ask sellers to pay and when it’s OK to walk away.

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Agents 318

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Housing Wire

SEPTEMBER 20, 2024

The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s 20 24 Tech Trendsetters award are open now through Monday, Sept. 30. Click here to nominate someone. If we learned anything from HousingWire’s recent AI Summit , artificial intelligence (AI) is rapidly reshaping lending by streamlining processes, reducing costs, and enhancing the overall borrower experience.

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Lending Industrial Mortgages Technology 459

Housing Wire

SEPTEMBER 20, 2024

After years of declines, home-flipping profits are coming back. That’s according to a report released this week by Attom, which showed that the typical profit on a flip in the second quarter of 2024 was 30.4%, the fourth time in five quarters that margins rose. Attom said that flippers have struggled in comparison to other types of sellers in recent years because they’ve exhibited an “unusual pattern” of timing the market poorly.

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Real Estate News

SEPTEMBER 20, 2024

Former NextHome co-founder joins Realtor.com; North Carolina’s Canopy Realtor Association promotes VP to general counsel and COO; Virginia Realtors CEO retires.

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Housing Wire

SEPTEMBER 20, 2024

The Federal Reserve did something this week it hadn’t done in more than four years when it lowered the federal funds rate by half a percentage point. But for mortgage industry professionals hampered by fewer sales opportunities since the Fed’s streak of rate hikes began in March 2022, will this be the start of better days? Mortgage experts say that while the 50 basis-point (bps) cut is a welcome sign, it won’t do much on its own to move the needle for a housing market that remains stuck in neutr

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Inman

SEPTEMBER 20, 2024

The Department of Housing and Urban Development has partnered with Zillow for "Let's Make Home the Goal," a campaign aimed at connecting minority communities with HUD pre-housing counseling services.

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Closing Development 197

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Industrial

Housing Wire

SEPTEMBER 20, 2024

California is the latest state to take a stand against the right-to-list agreement business plan of now bankrupt brokerage MV Realty. On Tuesday, the office of California Attorney General Rob Bonta announced that it was granted a preliminary injunction against Florida-based MV Realty after filing a lawsuit in December 2023. The AG’s office took issue with MV Realty’s Homeowner Benefit Agreement.

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Inman

SEPTEMBER 20, 2024

Falling mortgage rates should help boost home sales by nearly 10 percent next year, but in the meantime, inventory shortages and affordability challenges are keeping a lid on sales in many markets.

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Sales Mortgages Marketing 193

Housing Wire

SEPTEMBER 20, 2024

Editor in Chief Sarah Wheeler sat down with Joshua Ernst, CEO of Backflip , to talk about the challenges of flipping real estate in today’s market and how the right technology can unlock opportunities in a country full of older homes. Sarah Wheeler: How did your background lead you to start Backflip? Joshua Ernst: Throughout my career, I’ve built and scaled software, technology businesses and interesting products in different markets — including proptech.

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Technology Loans Investor Finance 448

Inman

SEPTEMBER 20, 2024

In challenging the National Association of Realtors' Clear Cooperation Policy, Robert Reffkin writes, Realtors are upholding their highest moral, ethical and legal duties to serve clients.

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MLS Brokerage Agents 193

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Housing Wire

SEPTEMBER 20, 2024

Federal Housing Administration (FHA) Commissioner Julia Gordon thinks that more U.S. Department of Housing and Urban Development (HUD)-approved housing counselors should be trained to work with Home Equity Conversion Mortgage ( HECM ) borrowers, according to perspectives she shared this week during an online housing conference hosted by HUD. The news, first reported by Inside Mortgage Finance , stems from an expectation that HECM borrowers could seek to extract more equity out of their homes now

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Inman

SEPTEMBER 20, 2024

In this exclusive video series on Inman, Windermere’s Principal Economist Jeff Tucker illuminates the latest stats, reports and numbers you should know. This week: The Fed's latest rate cut.

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Housing Wire

SEPTEMBER 20, 2024

In a new episode of the HousingWire Daily podcast , Editor in Chief and host Sarah Wheeler sits down with eXp Realty CEO Leo Pareja to discuss the National Association of Realtors ‘ (NAR) commission lawsuit, the new rules that agents are facing, and how eXp is helping agents navigate these challenges to thrive in the marketplace. Pareja took over as CEO at eXp in April 2024 and became the first Hispanic CEO of a major real estate brokerage in U.S. history.

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Agents Brokerage MLS Technology 435

Inman

SEPTEMBER 20, 2024

Not all consumers need a buyer's agent; Shay is an AI-driven homebuying solution with a number of industry-bred benefits.

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Industrial Agents Technology 183

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Agents

Housing Wire

SEPTEMBER 20, 2024

A top luxury agent in New York City has left Official Partners. Compass announced the hiring of Jared Schwadron this week, poaching him from the troubled brokerage founded by Tal and Oren Alexander. Schwadron has more than $1 billion in sales over a 15-year career that includes stops in New York City, Miami and the Hamptons. In addition to Official Partners, he’s previously worked with Douglas Elliman and The Corcoran Group. “This move is about taking my resources and tenure in the industr

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Brokerage Technology Industrial Agents 435

Inman

SEPTEMBER 20, 2024

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

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Brokerage Agents 183

Housing Wire

SEPTEMBER 20, 2024

The nation’s largest brokerage by transaction sides is increasing its footprint. On Thursday, eXp Realty announced the affiliation of independent brokerage Grand Lux Realty. Founded in 2006 by Michael Levy, Grand Lux Realty is based in Westchester County, New York , and has more than 200 agents. The firm serves clients in Westchester County, as well as Fairfield County, Connecticut, and the rest of the lower Hudson Valley.

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Brokerage Technology Agents As-is 433

Inman

SEPTEMBER 20, 2024

Inman's Power Wheels bracket contest is down to the four best real estate agent automobiles, as determined by your votes.

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Agents As-is Brokerage 179

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Bigger Pockets

SEPTEMBER 20, 2024

Two house flippers buy similar deals—but one’s profit is double the other.

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Development 130

Inman

SEPTEMBER 20, 2024

Carolwood's managing broker Nick Segal, alongside agents Shaun Alan-Lee and Jane Dorian, recently founded the white-glove service team, which operates in markets in Southern California and New York City.

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Agents Marketing Brokerage 174

Bigger Pockets

SEPTEMBER 20, 2024

Insurance costs are rising, and a select few markets are facing the brunt of the pressure. Meanwhile, some markets are doing just fine.

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Marketing 130

Inman

SEPTEMBER 20, 2024

A new preliminary injunction orders the Florida-based brokerage to stop issuing liens in California, and to stop enforcing its 40-year "homeowner benefit agreements.

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Brokerage Industrial 167

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