Housing Wire
OCTOBER 16, 2024
Mortgage applications decreased 17% from one week earlier as mortgage rates surged, according to data from the Mortgage Bankers Association ’s (MBA) weekly application survey for the week ending October 11, 2024. The Market Composite Index, a measure of mortgage loan application volume, decreased 17% on both a seasonally adjusted and an unadjusted basis from one week earlier.
Keeping Current Matters
OCTOBER 16, 2024
Did you know? Homeowners are often able to put more money down when they buy their next home.
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Housing Wire
OCTOBER 16, 2024
Understanding that real estate housing markets are hyperlocal, the RealTrends Verified City Rankings represent the newest evolution of RealTrends agent and team rankings. These rankings are designed to help top-performing agents and teams highlight their accomplishments within their specific local markets, enhancing their credibility where it matters most — close to home.
Real Estate News
OCTOBER 16, 2024
A range of competing factors are driving volatility in rates, making it harder to forecast their direction — but they're likely to decline further this year.
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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.
Housing Wire
OCTOBER 16, 2024
Researchers at the U.S. Department of Housing and Urban Development (HUD) have published a new report identifying the locations of people seeking Federal Housing Administration (FHA) rental and homeownership assistance programs. They found that homeownership program beneficiaries generally live in more affluent, racially homogenous neighborhoods than those seeking rental assistance.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
OCTOBER 16, 2024
About a week after the Federal Reserve lowered benchmark interest rates for the first time since the start of the COVID-19 pandemic, mortgage rates reached their low point for 2024. The news has not been so positive since then for U.S. consumers or the housing industry. According to HousingWire’s Mortgage Rates Center, the average 30-year conforming rate bottomed out at 6.24% on Sept. 27.
Eye on Housing
OCTOBER 16, 2024
Over the first eight months of 2024, the total number of single-family permits issued year-to-date (YTD) nationwide reached 685,923. On a year-over-year (YoY) basis, this is an increase of 11.5% over the August 2023 level of 615,453. Year-to-date ending in August, single-family permits were up in all four regions. The range of permit increases spanned.
Housing Wire
OCTOBER 16, 2024
In this session, experts will discuss mini-corr challenges and opportunities going into 2025, including whether the channel will continue to see market share growth and the latest on warehouse lender risks.
BubbleInfo
OCTOBER 16, 2024
For two months we’ve been settling in with the new arrangements for paying the buyer-agents. I haven’t heard of any buyers yet who got stuck having to pay their buyer-agent because the seller refused to pay. Undoubtably, there are buyer-agents who were paid a partial fee by the seller and then the buyer made up […] The post Buyer-Agent Commissions Paid, Second Month first appeared on bubbleinfo.com.
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
OCTOBER 16, 2024
Sam Valverde, the acting president of Ginnie Mae , has overseen the work the government-owned company is currently engaging in to better improve the liquidity situation for the companies involved in the Federal Housing Administration (FHA)’s Home Equity Conversion Mortgage (HECM) program. These include efforts to establish an additional HECM-backed Securities (HMBS) instrument to complement what is currently available.
Inman
OCTOBER 16, 2024
Former Phoenix Realtors President Butch Leiber writes that industry policy must be grounded in promoting and protecting the best interests of clients.
Housing Wire
OCTOBER 16, 2024
A new startup wants to help real estate agents get more out of their multiple listing service (MLS). Realoq has launched a MLS platform that features customized branding and direct access to consumers, and the company believes it will provide savings on lead generation. “This new solution is ideal for MLS organizations seeking a more affordable option,” Realoq CEO Anvesh Chakravartula said in a statement.
Inman
OCTOBER 16, 2024
Share the words of wisdom that have meant the most and had the biggest impact on you as you've built your real estate business.
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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.
Housing Wire
OCTOBER 16, 2024
Reggora CEO Brian Zitin said his company is looking to help mortgage lenders by removing the need to manually underwrite most appraisals. Appraisal management software company Reggora is adding a repurchase and loan-level price adjustment (LLPA) warranty to its appraisal review solution. The valuation tech company said it will cover any financial loss associated with a repurchase or LLPA adjustment due to an appraisal defect.
Inman
OCTOBER 16, 2024
The DOJ's recent statement, made in relation to a lawsuit against pork producers, notes that the sharing of information among competitors could violate antitrust law "even without proof of an agreement to fix prices.
Housing Wire
OCTOBER 16, 2024
In this week’s episode of the RealTrending podcast , host Tracey Velt sits down for an informative conversation with Paul Carlson, the president of Five Star Real Estate. Carlson explores his early career journey, including insights into how he grew the brokerage. He also explores key lessons he learned as he inherited the president’s seat from his father, Greg Carlson, Five Star Real Estate’s founder.
Inman
OCTOBER 16, 2024
Demand for purchase mortgages fell by a seasonally adjusted 7 percent last week, and requests to refinance were down 26 percent as mortgage rates continued to climb, MBA survey finds.
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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.
Housing Wire
OCTOBER 16, 2024
VestaPlus is gaining more traction with its artificial intelligence -powered compliance system. The company announced that Firelands Association of Realtors in Ohio and Northwest Wisconsin MLS have signed up for CheckMate, the firm’s listing compliance violation detection software. In July, Staten Island MLS and San Diego MLS entered similar partnerships with VestaPlus, and the company now serves five MLSs in total.
Inman
OCTOBER 16, 2024
Built in 1937 by famed architect James E. Dolman, Casa Encantada is considered one of the most iconic estates in Los Angeles and possibly the entire country, according to the property's listing.
Housing Wire
OCTOBER 16, 2024
Speakers: Dan Snyder , CEO & Co-Founder at Lower Brett Ludden, Managing Partner at Sterling Point Advisors Dan Hanson, Executive Director, Enterprise Partnerships & Acquisitions at loanDepot James Kleimann , Managing Editor at HousingWire
Inman
OCTOBER 16, 2024
Learn the essential steps that pave the way to success in this high-stakes market with insights from luxury consultant Chris Pollinger.
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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.
Housing Wire
OCTOBER 16, 2024
The nightmare created by Keller Williams’ decision to make changes to its profit-sharing program appears to be coming to a close. On Friday, Keller Williams and plaintiffs Eric Mendoza and Jack LeVine filed a document with a U.S. district court in Nevada. On Oct. 2, the parties stated that they “finalized the terms of the settlement agreement for this and the other pending claims against Defendant in cases involving plaintiffs represented by the Humphrey, Farrington & McClain firm.
Inman
OCTOBER 16, 2024
In a webinar Tuesday, Keller Williams' Jeff Hickey, NextHome's James Dwiggins, Miami MLS's Liz Sturrock and Seven Gables' Mike Hickman clashed over the future of NAR's pocket listing rule.
Housing Wire
OCTOBER 16, 2024
Two artificial intelligence startups are teaming up to make searches through multiple listing services (MLSs) more accessible to the visually impaired. The combined technology of Restb.ai and Lundy will allow users to search listings through voice commands. Restb.ai leverages AI to produce computer vision for the real estate sector, while Lundy provides a voice-driven property search platform.
Inman
OCTOBER 16, 2024
Short-term rental leader keeps its sights set on lowering barriers to entry for people who might be interested in offering their homes on Airbnb.
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