Housing Wire

JULY 15, 2024

President Joe Biden will propose on Tuesday a nationwide cap on rent hikes of 5% per year, according to The Washington Post, which cites “three people familiar with the matter.” The proposal will rescind unspecified tax breaks to landlords who raise rents by more than 5%, although it would only apply to landlords who own more than 50 rental units. This would cover roughly half of all rental units in the country, according to Post sources.

Construction 429

Construction Mortgages As-is Finance 429

Real Estate News

JULY 15, 2024

The state association is rolling out buyer agreements and other forms that it believes offer a balance of simplicity and agent protections.

Agents 263

Agents 263

Housing Wire

JULY 15, 2024

Rocket Pro TPO , the wholesale arm of Rocket Mortgage , announced Monday that it has decided to waive the $795 origination fee charged to broker partners on home equity loans. “When you think about what home equity looks like or represents across the country, there’s a record-breaking home equity, with homeowners sitting on almost $17 trillion,” Rocket Pro TPO executive vice president Mike Fawaz said in an interview. “There’s a ton of demand when it comes to looking

Equity 360

Equity Loans Mortgages Finance 360

Real Estate News

JULY 15, 2024

The two brokerages announced settlements in the Gibson/Umpa case on Monday, while several other firms filed motions to dismiss.

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Brokerage 258

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Agents

Housing Wire

JULY 15, 2024

CoStar Group continues to strengthen its executive team as the “portal wars” heat up. On Thursday, the firm announced the return of former vice president of investor and public relations, Richard Simonelli, after five years away from the firm, along with the promotion of Cyndi Eakin to chief accounting officer. Simonelli is returning as CoStar’s new head of investor relations.

Investor 338

Investor Finance Residential Industrial 338

Housing Wire

JULY 15, 2024

In addition to welcoming new agents in Florida and Colorado , Compass announced Monday that Soha Fontaine and her team, Team Soha , are making the move over from RE/MAX. The Hoboken, New Jersey -based team was previously brokered at RE/MAX Select and Fontaine has been with the RE/MAX brand for two-plus decades. Her achievements at RE/MAX include being inducted into the brokerage’s Hall of Fame (2008) and Circle of Legends (2018), as well as a Lifetime Achievement award (2011).

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Technology Branding New Construction Construction 322

Real Estate News

JULY 15, 2024

Rich Simonelli is back at CoStar after a 5-year hiatus, leading investor relations, while Cyndi Eakin was promoted to chief accounting officer.

Finance 182

Finance Investor 182

Housing Wire

JULY 15, 2024

A little over a month after technology startup executive Eric Elfman replaced MoxiWorks founder York Baur as CEO, the real estate technology platform provider appears to be undergoing a round of layoffs. Impacted employees at MoxiWorks took to LinkedIn last week to discuss the layoffs and share their job search goals. One such employee was Bret Calltharp, MoxiWorks’ former director of engagement.

Technology 316

Technology Equity Brokerage Agents 316

Inman

JULY 15, 2024

Inventory is rising again, but agents are still scrounging for new listings. Hundreds of brokers and agents shared what's working in still-tight markets in new responses from the Intel Index survey.

Agents 172

Agents Marketing Brokerage 172

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Agents

Housing Wire

JULY 15, 2024

Compass has nabbed a pair of top agents to add to its teams in Florida and Colorado. Bonnie Heatzig is coming over from Douglas Elliman, bringing her extensive knowledge to the Boca Raton, Florida-based team at Compass. She has more than 20 years of experience in luxury real estate, selling more than $170 million in volume over the past four years. In Denver, Stuart Crowell joins Compass from LIV Sotheby’s.

Land 316

Land Agents Brokerage Technology 316

Inman

JULY 15, 2024

Bernice Ross interviews Realeflow CEO Greg Clement about how real estate agents can tap into the pool of cash buyers and investors to add lead gen leverage and market coverage to their businesses.

Investor 164

Investor Agents Marketing 164

Housing Wire

JULY 15, 2024

Loan originators in today’s mortgage market have weathered significant challenges. They’ve endured a major drop in volume, a rapid rise in rates, and uncertainty surrounding realtor commission settlements and their impact on referral partners. If you are still in the game, you’re already demonstrating resilience and adaptability. Now, it’s time to leverage these experiences and position yourself for future success.

Loan Officer 306

Loan Officer Loans Banks Mortgages 306

Inman

JULY 15, 2024

Thirty agents at SWF Premium Real Estate team who closed $321 million in sales across 278 transactions in 2023 have now aligned with Compass, the firm told Inman. A new office in Naples was also announced.

Closing 146

Closing Agents Sales Brokerage 146

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Brokerage

Housing Wire

JULY 15, 2024

Just like a football team entering the red zone — the area of the field inside the opponent’s 20-yard line — should be extra cautious to avoid wasting a scoring chance, Americans who are nearing retirement should dial back aggressive investment strategies. That’s the advice of Kevin Wade, a financial planner with Centennial Advisors LLC , in a column published Monday by personal finance website Kiplinger.

Finance 297

Finance Equity As-is Marketing 297

Inman

JULY 15, 2024

Questions swirled last week over the identity of an unidentified buyer behind the Billionaires' Row condo transaction — with speculation rising that King Charles was at the center of the purchase.

Marketing 140

Marketing 140

Housing Wire

JULY 15, 2024

Over the last five years, I have been fortunate enough to publish several articles on Artificial Intelligence (AI), typically with a heretical tone. No one can deny that AI is powerful and that AI when applied deeply to verticals and scenarios will be a major factor in the transformation of business. On the other hand, the usual hyperbole that accompanies any trend in technology should not be taken at face-value; kicking the tires and assessing previous promises and bets is essential.

Residential 296

Residential Finance Technology Staging 296

Inman

JULY 15, 2024

The latest order by the Court of Appeals in Washington, D.C., means the DOJ is free to reopen its investigation into the National Association of Realtors.

MLS 146

MLS Brokerage Agents 146

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Loans

Housing Wire

JULY 15, 2024

Data is a relevant and valuable tool for assessing where a business or an industry is at any given time. But looking deeper than the core numbers is essential, especially when considering the shifting realities and governing rules for an industry as intertwined between public and private interests as the reverse mortgage industry is. This was the tenor for part of a conversation between HousingWire ’s Reverse Mortgage Daily (RMD) and John Lunde, president of Reverse Market Insight.

Mortgages 295

Mortgages Industrial Loan Officer Loans 295

Inman

JULY 15, 2024

Fast-growing rents and disappearing rental assistance programs have given way to a concerning rise in eviction filings compared to pre-pandemic norms, "The Wall Street Journal" revealed on Monday.

Marketing 134

Marketing 134

Housing Wire

JULY 15, 2024

Baltimore -based Dominion Financial Services , a nationwide private lender that specializes in financing for real estate investors , announced the hiring of Dustin Wells as the president of its newly launched wholesale lending division. Wells has more than 20 years of experience in the financial services arena. Most recently, he served as co-president of Stronghill Capital , an Austin -based nonbank lender.

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Lending Finance Loans Construction 294

Inman

JULY 15, 2024

Today, Compass has announced its latest round of recruitment victories with the addition of agents Stuart Crowell and Soha Fontaine, along with her six-person team.

Agents 138

Agents Brokerage 138

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Agents

Housing Wire

JULY 15, 2024

The U.S. Department of Housing and Urban Development (HUD) announced on Monday that it has charged lender Rocket Mortgage , two appraisal companies and one appraiser with allegedly issuing a biased valuation and denying a refinance loan to a Black homeowner in Denver. The HUD accused appraiser Maksym Mykhailyna and his company, Maverick Appraisal Group , appraisal management company Solidifi U.S.

Principal 279

Principal Loans Development Mortgages 279

Inman

JULY 15, 2024

Ready to make a leap into real estate but worried about how to pull off the transition? Learn from Atlanta agent Leah Williamson's trip to top-producer.

Agents 145

Agents 145

Brownstoner

JULY 15, 2024

Brooklyn developer Watermark Capital intends to construct a 30-story apartment tower on the site of the landmarked Duffield Street houses in Downtown Brooklyn, public records show. Potentially the tower could cantilever over the historic houses, which could serve as entrances -- if the project meets with approval of the Landmarks… Read More > The post Developer Watermark Capital Plans 30-Story Tower for Landmarked Duffield Street Houses appeared first on Brownstoner.

Development 130

Development Construction 130

Inman

JULY 15, 2024

Pacaso CEO peels back the curtain on his company’s evolution to a new chapter as Pacaso buys more houses in more markets at lower prices.

Marketing 129

Marketing Agents 129

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Sales

RIS Media

JULY 15, 2024

Selling a condo for the first time can sometimes be challenging. My guide will simplify the process and help you achieve a successful sale. I will provide you with the following helpful information to help you come out on top with your first condominium sale: How to prepare your condo for sale with a pre-sale… The post Essential Tips for First-Time Condo Sellers: A Step-by-Step Guide appeared first on RISMedia.

Sales 126

Sales Staging Inspection Industrial 126

Inman

JULY 15, 2024

As she begins her 47th year in real estate, find out how this former junior high school English teacher creates personal connections and manages a robust professional network.

Agents 112

Agents 112

RIS Media

JULY 15, 2024

In a July 12 ruling, the U.S. Court of Appeals for the District of Columbia Circuit in Washington, D.C., denied the National Association of REALTORS®’ (NAR) request for a rehearing in its dispute with the Department of Justice (DOJ). NAR and DOJ had originally reached a settlement agreement requiring NAR to increase transparency regarding broker… The post Court Denies NAR Petition for Rehearing in DOJ Case appeared first on RISMedia.

Industrial 122

Industrial Agents 122