Housing Wire

OCTOBER 7, 2024

Despite additional challenges that may come with caring for an older person afflicted with dementia, both patients and their caregivers would prefer to age in place within the home of the patient. Both parties cite a desire to preserve the patient’s independence, and to avoid both concerning stories of congregate care facilities and the guilt that could come from transferring a loved one to a dedicated care center.

Residential 500

Residential As-is Finance 500

Keeping Current Matters

OCTOBER 7, 2024

If you’ve been wanting to sell your house and move up to a bigger or nicer home, you’re not alone.

Equity 263

Equity Mortgages 263

Housing Wire

OCTOBER 7, 2024

Real estate professionals in Denver are unhappy with a new Participation Agreement that could limit their access to data shared with REcolorado, a local MLS (Image generated by AI in Midjourney) Denver real estate agents were shocked in June when the area’s two Realtor associations fired the board of directors of the local multiple listing service (MLS) and sold it to local real estate businessman Joseph Burks.

MLS 475

MLS Sales Brokerage Agents 475

Real Estate News

OCTOBER 7, 2024

Consumers were considerably more upbeat about the housing market in September, but rising mortgage rates may put a damper on their enthusiasm.

Mortgages 225

Mortgages Marketing 225

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.

Industrial

Housing Wire

OCTOBER 7, 2024

Home sales and home prices have been improving for several weeks. Unfortunately, this period could be fleeting, because we had strong economic news last week. Ironically, a strong employment situation in the country drives the bond market to higher rates. After the recent lows with mortgage rates this week, the 30-year fixed rate jumped back up over 6.5%.

Mortgages 474

Mortgages Marketing Sales As-is 474

Real Estate News

OCTOBER 7, 2024

Tether RE takes top spot in T3 Tech Summit Pitch Battle, DropOffer launches platform for off-market deals, Rayse platform goes live in 200 brokerages.

Agents 218

Agents Brokerage Marketing 218

Real Estate News

OCTOBER 7, 2024

The deal, which is not yet final, came in a Georgia case but covers similar lawsuits over agent compensation.

Agents 236

Agents 236

Housing Wire

OCTOBER 7, 2024

Consumer confidence toward purchasing a home increased in September to its highest level in more than two years due to the expectation of lower mortgage rates , according to Fannie Mae ’s Home Purchase Sentiment Index (HPSI). But that’s only an early sign that the market is shifting. Due to the expectation of rising home prices in some parts of the country, most consumers still think it’s not a good time to buy a home.

Mortgages 444

Mortgages Sales As-is Marketing 444

Inman

OCTOBER 7, 2024

Zillow recently surveyed over 5,000 buyers and 6,200 sellers to capture important information for our first annual Consumer Housing Trends Report for Agents.

Agents 187

Agents 187

Housing Wire

OCTOBER 7, 2024

MV Realty is facing more legal action, this time in Minnesota. The firm — which is now infamous for its right-to-list agreements — is being sued along with its Minnesota branch, MV Realty of Minnesota , and the companies’ shared executive, Amanda Zachman. Minnesota Attorney General Keith Ellison filed suit in late September in Ramsey County, charging MV Realty with unfair and deceptive trade practices.

Brokerage 444

Brokerage Title Sales Investor 444

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Brokerage

Inman

OCTOBER 7, 2024

Zillow took their real estate marketing product, Zillow Showcase, nationwide earlier this year. However, 2024 has been a year like no other with changing interest rates and new industry standards.

Agents 174

Agents Industrial Marketing 174

Housing Wire

OCTOBER 7, 2024

The Mortgage Bankers Association (MBA) has announced two promotions within its leadership team. The trade group named Wendy Penn as vice president of affordable housing initiatives and Amber Lawrence as vice president of diversity, equity and inclusion (DEI). Penn and Lawrence join 12 other women on MBA’s executive leadership team. The association praised both executives for their leadership, commitment and drive to create affordable housing opportunities and inclusivity across the industry duri

Equity 441

Equity Industrial Mortgages Development 441

Inman

OCTOBER 7, 2024

The brokerage was the third-largest by sales volume in 2022 and one of a relative few holdouts who had yet to settle lawsuits targeting the old status quo for real estate commissions.

Brokerage 180

Brokerage Sales Agents 180

Housing Wire

OCTOBER 7, 2024

The top brokerage in the country by transaction side count, eXp Realty , has settled the commission lawsuits. The parent company of eXp Realty, eXp World Holdings , announced the settlement on Monday in a filing with the Securities and Exchange Commission (SEC). According to the filing, the firm officially settled with the Hooper suit plaintiffs on Oct. 1.

Brokerage 444

Brokerage Industrial Agents As-is 444

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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.

Agents

Inman

OCTOBER 7, 2024

Kourtney Pulitzer, senior global real estate advisor at Sotheby’s International Realty — Palm Beach Brokerage has more than 25 years of experience across several industries, has made Palm Beach her home and works to help others do the same.

Brokerage 167

Brokerage Industrial 167

Housing Wire

OCTOBER 7, 2024

Despite 2024 being a challenging year for sales volume, the reverse mortgage industry is still encouraged by the engagement of the Federal Housing Administration (FHA) on matters related to the Home Equity Conversion Mortgage (HECM) program, as well as attention to back-end loan issues from Ginnie Mae. This feedback came from a panel discussion of industry leaders that took place at the National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo in San Diego at the end of Septe

Mortgages 446

Mortgages Loans Industrial Development 446

Inman

OCTOBER 7, 2024

In his latest CNBC appearance, Redfin CEO Glenn Kelman talked about mortgage rates, the lock-in effect, and how buyer-broker compensation changes are already impacting market dynamics.

Marketing 173

Marketing Mortgages 173

Housing Wire

OCTOBER 7, 2024

Rocket Companies tapped Papanii Okai, who previously served as chief technology officer at Venmo , as its executive vice president of product engineering. Okai’s hiring, effective Monday, is the latest in a string of hires to the Detroit-based lending company’s executive team since Varun Krishna became CEO about a year ago. Krishna has invested in artificial intelligence (AI) designed to transform the homeownership journey.

Technology 428

Technology Lending Design Mortgages 428

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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.

Agents

Inman

OCTOBER 7, 2024

More than 8 in 10 Americans still said it was a bad time to buy a home, and mortgage rates have been climbing again since Fannie Mae conducted the monthly National Housing Survey.

Mortgages 170

Mortgages Marketing 170

Housing Wire

OCTOBER 7, 2024

In time for a fall homebuying season that could be busier than usual due to lower mortgage rates , Opendoor has made appointments to a pair of vital roles. The company announced that it has named Selim Freiha its chief financial officer, while Shrisha Radhakrishna assumes the title of chief technology and product officer. They’re both expected to begin work at Opendoor in November.

Technology 434

Technology Finance MLS Title 434

Inman

OCTOBER 7, 2024

Sellers in the Gibson class-action suit filed objections Thursday to the dollar value of the proposed settlements, which include deals with Compass, Redfin and The Real Brokerage, among others.

Brokerage 161

Brokerage 161

Housing Wire

OCTOBER 7, 2024

The Onit takeover of MoxiWorks appears to be ongoing, as the real estate technology firm has hired two more veterans from Onit to serve in leadership roles. Ben Tao was hired to be the company’s first chief marketing officer, while Jackson Mayes will join as chief of staff. The pair come to MoxiWorks from Onit with a bevy of experience in technology marketing and software-as-a-service (Saas) verticals.

MLS 425

MLS Technology Title Agents 425

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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.

Sales

Inman

OCTOBER 7, 2024

Papanii Okai will help the mortgage giant harness artificial intelligence and build out fintech platform connecting its real estate, lending and personal finance subsidiaries.

Lending 160

Lending Finance Mortgages Technology 160

Housing Wire

OCTOBER 7, 2024

The Mortgage Bankers Association (MBA) on Monday announced the launch of a new initiative involving 12 other corporate stakeholders. The entities will seek to find potential solutions for closing the racial homeownership gap. The new initiative comes in the form of a group called the “CONVERGENCE Collaborative,” which is a “coordinated effort to identify and develop solutions to help close the racial homeownership gap,” according to an announcement published by MBA.

Title 421

Title Land Lending Mortgages 421

Inman

OCTOBER 7, 2024

September's Fed decision may have sparked something agents haven't felt in months: a feeling that the tide may soon turn for buyer pipelines, according to the latest Inman Intel Index survey.

Agents 160

Agents Brokerage Marketing 160

Housing Wire

OCTOBER 7, 2024

Dan Hanson of loanDepot speaks during a panel discussion at the HousingWire IMB Summit in Dallas on Oct. 1. (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.” “There’s definitely activity happening behind the scenes,” Brett Ludden, managing partner at Sterling Point Advisors , said

Industrial 388

Industrial Mortgages Due diligence Technology 388

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Brokerage

Inman

OCTOBER 7, 2024

While it has its critics, according to former Realtor Oscar Mazaba, thoughtful modifications could ensure that the policy works as it's intended to while preserving client choice.

Agents 154

Agents MLS 154

Housing Wire

OCTOBER 7, 2024

We are seeing tremendous transformation within the loss mitigation space. Remedies for distressed borrowers previously limited to bankruptcy relief have seen significant expansion through the creation of FHFA , Dodd-Frank, and the CFPB. Hardships have been expanded to include weather disasters and the COVID-19 pandemic. More recently, we have seen an extension and expansion of loss mitigation remedies with VASP and related government programs, and on the immediate horizon, many changes to Regula

Bankruptcy 379

Bankruptcy Industrial Investor Technology 379

Inman

OCTOBER 7, 2024

Embrace the full spectrum of thoughts — positive and negative — and you'll find a more profound sense of freedom and power in your career, author, coach and broker Aaron Hendon writes.

Agents 153

Agents 153

Calculated Risk Real Estate

OCTOBER 7, 2024

Press Release: ICE Mortgage Monitor: Average Payment Hits All-Time High; Spiking Insurance Costs Rising at 3X the Rate of Principal, Interest, and Taxes The average monthly payment (principal, interest, taxes and insurance, or PITI) among active mortgages hit a record $2,070 in August; up $140 (+7.2%) from last year and $399 (+19.3%) since the start of 2020 Average PITI on loans originated in the last two years is $600 per month higher than that of 2020/2021 vintage mortgages, with two-thirds of

Mortgages 121

Mortgages Principal Bankruptcy Loans 121

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.

Agents