RIS Media

JANUARY 9, 2024

Home inventory, both new and active, appears to be stabilizing, giving positive signs for the housing market in 2024, according to a new report from Realtor.com. Realtor.com’s Monthly Housing Trends Report for December found that while homebuyers typically avoid big moves during the holiday season, this season saw some positive changes in the market from… The post Housing Inventory Stabilizes in December appeared first on RISMedia.

Marketing 110

Marketing Industrial 110

Housing Wire

JANUARY 9, 2024

Among the numerous issues that retirement preparation can present to those near the end of their careers, long-term care (LTC) provides an increasingly common discussion point. One potential product that could assist in paying for LTC and its insurance could be a reverse mortgage, according to personal finance publication Kiplinger. LTC is already an expensive prospect and is projected to become a more common necessity as the U.S. population grows older in the coming years.

Mortgages 518

Mortgages Equity Finance Industrial 518

Keeping Current Matters

JANUARY 9, 2024

If you’ve owned your house for at least a couple of years, there’s something you’re going to want to know more about – and that’s home equity.

Equity 332

Equity 332

Housing Wire

JANUARY 9, 2024

The wave of commission lawsuits have arrived in Arizona. In a copycat suit filed last Friday in U.S. District Court in Arizona, Joseph Masiello, an Arizona resident and home seller, accuses several real estate companies of colluding to artificially inflate real estate agent commissions. Masiello sold a home on an Arizona MLS through HomeSmart “in or about October 2021.

MLS 488

MLS Brokerage Residential As-is 488

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

Real Estate News

JANUARY 9, 2024

Anywhere’s Ryan Schneider has been named the most powerful person in this year’s rankings of residential real estate’s movers and shakers.

Residential 317

Residential 317

Housing Wire

JANUARY 9, 2024

In the ongoing struggle for attainable housing, one positive development has been the increased availability of funding options for homeowners seeking to incorporate Accessory Dwelling Units (ADUs) into their properties. A recent survey by Villa noted that some ~60% of rental tenants said that living in an ADU has allowed them to live in a neighborhood they would not otherwise be able to afford — that’s a big deal.

Finance 498

Finance Construction Loans Renovation 498

Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. The popularity of home equity lines of credit (HELOCs) and closed-end second (CES) mortgages last year was reflected in the secondary market as well, where the volume of securitizations rose sevenfold from 2022 levels.

Equity 485

Equity Lending Banks Loans 485

Real Estate News

JANUARY 9, 2024

According to the latest CoreLogic report, the Midwest and South saw the highest home price growth, and a handful of states posted double-digit gains.

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Housing Wire

JANUARY 9, 2024

Ohio-based mortgage lender CrossCountry Mortgage has adopted the updated credit scoring model FICO Score 10 T to support origination of non-conforming loans and issue mortgage-backed securities (MBS), the company announced on Tuesday. The lender’s move follows Movement Mortgage’s decision in early October to become an “early adopter” of the updated credit scoring model that FICO released about four years ago.

Loans 467

Loans Investor Mortgages Lending 467

Inman

JANUARY 9, 2024

A record number of consumers surveyed by Fannie Mae expect mortgage rates to keep falling, a "significant shift" in expectations that could free homeowners from the so-called "lock-in effect.

Mortgages 190

Mortgages Marketing 190

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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.

Brokerage

Housing Wire

JANUARY 9, 2024

With four commission lawsuits in play, Illinois currently holds the title for the most commission lawsuits in one state. In addition to the long running Moehrl commission lawsuit , as well as the Batton 1 and Batton 2 suits , the Prairie State is now home to the Tuccori suit, filed in early December 2023 by James Tuccori against @properties. The suit was originally filed in the Circuit Court of Cook County Illinois, but it was moved to the U.S.

MLS 439

MLS Property Management Brokerage Title 439

Inman

JANUARY 9, 2024

Ahead of Inman Connect New York this month, the NextHome CEO said NAR serves an important function, but needs a major fix to deal with challenges related to leadership and commission suits.

MLS 189

MLS 189

Housing Wire

JANUARY 9, 2024

360training.com, Inc. (360), an online regulated training provider, acquired Mortgage Educators and Compliance (MEC), a mortgage lending training company, both companies announced this week. Established in 1997, 360 specializes in comprehensive online training solutions for individuals and businesses across industries – including financial services, real estate, healthcare and environmental health and safety.

Mortgages 438

Mortgages Lending Loans Development 438

Inman

JANUARY 9, 2024

The median asking rent fell 0.8 percent year over year during the last month of 2023, according to a new report by Redfin, which attributes the fall to an increase in supply.

Marketing 151

Marketing 151

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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

Housing Wire

JANUARY 9, 2024

The U.S. Department of Housing and Urban Development (HUD) on Tuesday announced that it is making $40.25 million available to support housing counseling services for homeowners, homebuyers and renters. Such funding will also directly support the work of housing counseling offering required Home Equity Conversion Mortgage (HECM) sessions. The new funding “Through the 2023 Office of Housing Counseling Comprehensive Notice of Funding Opportunity (NOFO), HUD plans to award grants to more than 150 ho

Mortgages 443

Mortgages Design Equity Industrial 443

Inman

JANUARY 9, 2024

With the addition of new partners serving 713,865 members, myCUmortgage says it's now helping nearly 200 credit unions originate, underwrite and service conventional and government-backed home loans.

Loans 150

Loans Technology Mortgages 150

Housing Wire

JANUARY 9, 2024

Is 2023 a year to forget? That’s what we’re supposed to say after a tough year, right? In the case of the mortgage industry, 2023 was not a pretty one. According to the Thomvest U.S. Housing Report , purchase loans were down 22% and refinance loan volume was down 65%. Home affordability was at its lowest point in decades and the real estate industry was shaken up by massive class action lawsuits.

Industrial 428

Industrial Loans Mortgages Finance 428

Inman

JANUARY 9, 2024

The acquisition represents AirDNA's first foray into the day-to-day operations of short-term rental properties.

Property Management 161

Property Management Technology 161

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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

Housing Wire

JANUARY 9, 2024

Three top agents from Realogics Sotheby’s International Realty moved to The Agency ’s outpost in Seattle, Seattle Agent Magazine reported on Friday. Sandra Hines and Blake Waggoner from The Hines Group will join as senior broker and broker, respectively, and Dave Janssens will join as managing broker at the California -based brokerage led by Mauricio Umansky.

Brokerage 428

Brokerage Agents Sales Marketing 428

Brownstoner

JANUARY 9, 2024

The historic St. Lucy-St. Patrick Roman Catholic Church, which has dominated a block of Bed Stuy’s Willoughby Avenue since 1856, was being torn down in clouds of dust Monday and today to make way for housing. The demolition of the red-brick Gothic Revival church building at 920 Kent Avenue (also… Read More > The post Pre-Civil War Gothic Revival Church on Bed Stuy’s Willoughby Avenue Demolished as Locals Look On appeared first on Brownstoner.

Development 124

Development 124

Housing Wire

JANUARY 9, 2024

Mortgage giant Mr. Cooper Group has named Mike Weinbach, a former Wells Fargo and JPMorgan Chase executive, as its new president. He will succeed Chris Marshall, who is retiring at the end of 2024 but will assist with the transition. Weinbach, 50, will be in charge of the company’s operations, which includes originations, servicing and technology, Mr.

Lending 425

Lending Technology Mortgages Loans 425

Inman

JANUARY 9, 2024

Real estate agents play a vital role in creating a fair and inclusive housing market, writes Julia Lashay Israel. By understanding and adhering to fair housing laws, agents contribute to eliminating discrimination and promoting equal opportunities for all individuals.

Agents 125

Agents Marketing Brokerage 125

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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

Housing Wire

JANUARY 9, 2024

Rocket Pro TPO , the wholesale arm of Rocket Mortgage , hopes to woo brokers with a slew of product enhancements and services. Rocket Pro TPO ‘s executive vice president Mike Fawaz shared major changes and commitments for the broker community at its IGNITE Live event on Monday afternoon. Rocket Pro TPO affirmed that it will continue to provide credit reports at no cost for brokers when closing loans through Rocket recognizing that credit report fees are going to get more expensive this year.

Loans 304

Loans Loan Officer Mortgages Title 304

Inman

JANUARY 9, 2024

Realay is software to help brokerages, teams, and agents send, manage, and monitor referral business across the industry.

Brokerage 143

Brokerage Industrial Agents Technology 143

RIS Media

JANUARY 9, 2024

In a concerted push, defendants in the Burnett case are seeking to overturn the jury verdict delivered back in October that found them liable for $1.8 billion for conspiring to inflate commissions, demanding the judge throw out the judgment, order a new trial or de-certify the class. Keller Williams, HomeServices of America and the National… The post Burnett Defendants Demand New Trial, Seek to Overturn $1.8 Billion Verdict appeared first on RISMedia.

Industrial 122

Industrial Agents 122

Eye on Housing

JANUARY 9, 2024

According to the Federal Reserve’s latest G.19 Consumer Credit report, total consumer credit outstanding totaled $5.00 trillion (seasonally adjusted) for the first time in November—a 5.7% monthly increase (seasonally adjusted annual rate). The increase reflected a 17.7% surge in revolving credit and a more modest 1.5% rise in nonrevolving credit (SAAR).

Loans 109

Loans 109

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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.

Brokerage

RIS Media

JANUARY 9, 2024

loanDepot, one of the nation’s top mortgage lenders by volume, is the latest target of a cybersecurity attack that forced the company to shut down some of its systems Monday, according to an 8-K filing with the U.S. Securities and Exchange Commission. The Irvine, California-based lender said it first became aware of the cyber attack… The post loanDepot Is Latest Lender Hit by Cybersecurity Attack appeared first on RISMedia.

Mortgages 119

Mortgages Title Loans Industrial 119

The Close

JANUARY 9, 2024

You’ll probably recognize this scenario from the real estate world: you’re away on vacation, and suddenly, your active buyer client sees their dream home. You frantically call around your brokerage to see if another agent can help you out, but you’re reaching dead ends quickly. This is where Showami, an automated showing scheduler, steps in as a modern solution.

Brokerage 108

Brokerage Agents Land Closing 108

RIS Media

JANUARY 9, 2024

Editor’s Note: Social Skills is a bi-monthly feature in RISMedia’s Daily News focused on social media and digital marketing tips, trends and solutions for agents and brokers. As REALTORS®, it’s important to keep up on the latest trends and news in the housing market to stay informed for your clients, as they often turn to… The post Social Skills: Branding Yourself as a Hyperlocal Expert appeared first on RISMedia.

Branding 122

Branding Agents Marketing As-is 122

Sotheby's International Real Estate

JANUARY 9, 2024

Mere mention of the zip code 90210 has long signified prosperity and luxury—if not because the Beverly Hills area was home to such golden age luminaries as Douglas Fairbanks, Rudolph Valentino, Elvis Presley, Frank Sinatra, and Ray Charles, then due to the acclaim of the eponymous 1990s teen drama, which cemented those digits in the pop culture lexicon.

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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