Housing Wire

AUGUST 22, 2024

How did existing home sales grow with all the recent negative press about demand? We were told lower mortgage rates wouldn’t affect demand positively. However, if you track the forward-looking indicators, it can explain this bounce in demand. First, we have to put context into the bounce: we are working from the lowest levels ever in home sales, so any small, minor move in purchase application data can bounce sales from here.

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Keeping Current Matters

AUGUST 22, 2024

Have you ever heard the phrase: don’t believe everything you hear?

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Marketing Mortgages 329

Housing Wire

AUGUST 22, 2024

In a lawsuit filed Thursday, real estate startup Homie Technologies claims that home seller consumers were not the only ones harmed by the real estate industry’s allegedly anticompetitive practices. Defendants in the lawsuit, which was filed in U.S. District Court for the Central District of Utah, include the usual cast of antitrust lawsuit characters: the National Association of Realtors (NAR), Anywhere Real Estate , Keller Williams Realty , HomeServices of America , and RE/MAX.

MLS 482

MLS Brokerage Residential Technology 482

Real Estate News

AUGUST 22, 2024

Homie says the defendants — NAR, 4 top brokerages and a Utah MLS — conspired to control competition in the industry and steered buyers away from its listings.

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Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

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Housing Wire

AUGUST 22, 2024

Is the sky really falling? If you’ve been listening to the usual industry grifters—masquerading as experts—you might think so. But what happens when click-bait theories meet main street practice? Indiana’s early adoption of the NAR settlement changes on July 1st offers a unique opportunity to separate fact from fiction. As industry leaders, we’ve heard dire predictions and seen elaborate solutions.

Industrial 476

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Real Estate News

AUGUST 22, 2024

Top execs discussed how the company is addressing industry practice changes, including its intention to display compensation on its listings.

Industrial 276

Industrial 276

Real Estate News

AUGUST 22, 2024

The Fed is expected to cut interest rates next month, but it could take a big drop to spur a rebound in sales — though things are starting to look up.

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Mortgages Sales 242

Housing Wire

AUGUST 22, 2024

The Federal Housing Finance Agency (FHFA) on Wednesday updated its capital requirements for private mortgage insurers and allowed rules established during the COVID-19 pandemic to sunset. Companies will have two years to fully implement the changes. The U.S. Mortgage Insurers (USMI) commended the updates to the Private Mortgage Insurer Eligibility Requirements (PMIERs), the financial and operational standards for companies that insure loans acquired by Fannie Mae and Freddie Mac.

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Mortgages Loans Commercial Finance 459

Real Estate News

AUGUST 22, 2024

The company said fewer than 100 roles were affected, and it "needs less support and managerial staff" as more agents transition to Redfin Next.

Agents 228

Agents 228

Housing Wire

AUGUST 22, 2024

The largest brokerage in the country by sales volume is working to further solidify its presence in middle Tennessee. On Wednesday, Compass announced that real estate industry veteran Grant Hammond, the owner and president of Metropolitan Brokers , is joining the firm. At Compass, Hammond will partner with Brandon Knox and Darin Cunningham to form BDG Partners , a full-service team that will be based in the Nashville metro area.

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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

Inman

AUGUST 22, 2024

The suit accuses NAR and major franchisors of breaking antitrust laws. The company's complaint includes alleged text messages in which agents refused to show Homie listings.

Agents 198

Agents MLS Brokerage 198

Housing Wire

AUGUST 22, 2024

Rocket Pro TPO , the wholesale arm of Rocket Mortgage , launched the Certified Community Lender (CCL) certification program to equip brokers to serve historically underserved communities. Rocket Pro TPO will cover the cost for brokers to earn their CCL certification through National Association of Minority Mortgage Bankers of America (NAMMBA), the company said Thursday.

Mortgages 448

Mortgages Marketing 448

Inman

AUGUST 22, 2024

Doug Millier and Wendy Gilch of Consumer Advocates in American Real Estate revealed to Inman on Tuesday the origins of the Moehrl case while sending a warning that the industry will be "under a microscope.

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Industrial MLS Brokerage Agents 190

Housing Wire

AUGUST 22, 2024

White-label brokerage Side is joining several other real estate firms in launching educational resources that are available to agents across the industry. On Thursday, the firm announced the launch of PartnerUp Coaching, a platform that allows agents to learn from other top agents in the industry. The next round of courses begins on Sept. 9, 2024. While PartnerUp Coaching is now open to agents regardless of their brokerage affiliation, a pilot version of these coaching services was previously av

Agents 448

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Brokerage

Inman

AUGUST 22, 2024

Seattle-based brokerage and portal Redfin laid off almost 100 Redfin Concierge support and sales managers on Thursday. The company said agents will now take the lead on Concierge services.

Brokerage 189

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Housing Wire

AUGUST 22, 2024

In this executive conversation, we talk to Mickey Neuberger, who lays out Realtor.com’s vision for the coming months and years, prioritizing customer experience, technological innovation, and market adaptation. Neuberger’s insights give us a “peek behind the curtain” into Realtor.com’s strategy to lead in today’s market while continuing to grow and innovate.

Branding 447

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Inman

AUGUST 22, 2024

Existing-home sales tallied a 1.3 percent uptick in July following four months of declines, according to NAR data released Thursday. However, market headwinds have kept sales sluggish compared to 2023.

Sales 183

Sales Marketing Mortgages 183

Housing Wire

AUGUST 22, 2024

loanDepot added a first-lien home equity line of credit (HELOC) to its product suite that will enable homeowners without a mortgage to borrow from their home equity. The first-lien HELOC program will allow borrowers to access the equity in their homes with flexible terms that include a three-year draw period, an interest-only payment period of 10 years and a 20-year amortizing repayment term in most states, the company said in a statement on Wednesday.

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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

AUGUST 22, 2024

Learn how this Bay Area broker and her 100 percent woman-owned brokerage create exceptional outcomes and provide award-winning service.

Brokerage 179

Brokerage 179

Housing Wire

AUGUST 22, 2024

Real estate reporter Jeff Andrews sat down with Ocusell founder Hayden Rieveschl to talk about artificial intelligence and compliance software in a post-settlement environment. This interview has been edited for length and clarity. Jeff Andrews: Tell me a bit about Ocusell and its platform. If I’m a listing agent using Ocusell, I’m able to post listings to multiple MLSs that are compliant within the same interface.

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HR MLS Technology Agents 435

Inman

AUGUST 22, 2024

An entity tied to Musk has filed a notice of default on the property, which Wilder's nephew purchased from Musk with the assistance of a loan from the Tesla CEO in 2020.

Loans 177

Loans 177

Housing Wire

AUGUST 22, 2024

Artificial intelligence is inching into the real estate space, and CoreLogic has a new tool to help home shoppers find exactly what they want. The OneHome AI Image Search tool lets clients upload photos of any parts of a house and then matches preferences to a listing with similar images. The option is part of OneHome, CoreLogic’s client-facing portal that is designed to help agents better collaborate with prospective buyers.

MLS 434

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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

AUGUST 22, 2024

Anytime is a good time to change your life and the way you do business for the better, Jimmy Burgess writes. Find out what it takes with this "simple" plan.

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Housing Wire

AUGUST 22, 2024

HomeServices of America and Douglas Elliman have teamed up in an attempt to get the Lutz homebuyer commission lawsuit dismissed. The two brokerage defendants in the suit filed a motion to dismiss on Monday. Filed in Florida in late April, the Lutz suit accuses HomeServices and its subsidiaries, BHH Affiliates and HSF Affiliates , of conspiring to artificially inflate real estate agent commissions.

Brokerage 434

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Inman

AUGUST 22, 2024

CEO Brian Bair told National Mortgage News in a recent interview that agents no longer view Offerpad as a threat, noting they can make 4 percent if a client takes the company’s cash offer and the home is updated and resold.

Agents 170

Agents Mortgages As-is Brokerage 170

Housing Wire

AUGUST 22, 2024

Credit education advocate Sue Buswell , known widely in the mortgage industry for her “Sue Knows the Score” initiative, died unexpectedly this week. Buswell, a business development executive for Gridavate , was 58. Friends and former colleagues all described her as a warm, caring and generous person who genuinely loved helping educate people about credit, which she did for nearly four decades.

Mortgages 418

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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

AUGUST 22, 2024

Encouraging a culture that values balance for agents is an important part of recruiting and retaining top-tier talent, luxury consultant Chris Pollinger writes.

Agents 170

Agents Brokerage 170

Housing Wire

AUGUST 22, 2024

I have known Steve for over 40 years and respect him as a leader of a consumer organization that represents consumers on policy issues that impact their financial stability. We worked together during my days on the House Banking Committee, working to improve dealing with the federal flood insurance program. We also had several conversations on this issue when I was Vice President for Federal Policy and Industry Relations at the National Association of Realtors.

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Debt-to-income ratio Finance Mortgages Banks 352

Inman

AUGUST 22, 2024

Mauricio Umansky shares five key strategies for making (and modeling) more meaningful choices as a brokerage leader.

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Brokerage Agents 157

RIS Media

AUGUST 22, 2024

Would you like excellent moving tips for the summer? Moving after selling your home in the summer can present unique challenges and opportunities. The warm weather, peak moving season and specific logistical considerations all play a role. My guide will teach you to manage these factors effectively to ensure a seamless transition. I will provide… The post Tips for a Smooth Move After a Summertime Home Sale appeared first on RISMedia.

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