Housing Wire

SEPTEMBER 9, 2024

The mortgage industry has complained loudly and often that government regulation and investor requirements are contributing to spiraling costs that get passed on to consumers. And Rohit Chopra , the hard-charging director of the Consumer Financial Protection Bureau , who is often the target of such complaints, apparently agrees. At least when it comes to redundancies with refinancings, that is. “We really think closing costs can be a significant obstacle to refinancing,” Chopra said

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Mortgages Closing costs Title Technology 420

Real Estate News

SEPTEMBER 9, 2024

A Fannie Mae survey found that despite sour attitudes about homebuying, there’s hope that rates and prices will decline — and a geographic divide over selling.

Mortgages 258

Mortgages 258

Housing Wire

SEPTEMBER 9, 2024

Better Home & Finance Holding Co. , the parent of digital lender Better.com , rolled out its Federal Housing Administration (FHA) streamline refinance program on Monday. The product is available for qualified borrowers with an existing FHA loan who are looking to lower their monthly mortgage payment, reduce their interest rate, shorten their loan term or get out of an adjustable-rate mortgage (ARM), the company explained.

FHA loan 402

FHA loan Loans Closing costs Finance 402

Real Estate News

SEPTEMBER 9, 2024

The brokerage will be offering its Redfin Next commission-split plan to agents in all markets starting Oct. 27, a year after it unveiled the pilot program.

Brokerage 205

Brokerage Agents Marketing 205

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Agents

Housing Wire

SEPTEMBER 9, 2024

Why is homeowners insurance so expensive in the Upper Midwest? The growing prevalence of extreme weather events and the high cost of construction are pushing property insurers to significantly raise their prices , even in places you might not expect. This is according to an article published by the Federal Reserve Bank of Minneapolis , citing data from S&P Global showing as much as a 34% increase in homeowner’s insurance premiums nationwide over a period of seven years.

Construction 371

Construction Banks Technology As-is 371

Housing Wire

SEPTEMBER 9, 2024

The new rules mandated by the National Association of Realtors’ (NAR) antitrust settlement are designed to encourage more negotiations for buyer agent commissions. Almost a month after the rules went into effect, that appears to be happening. That’s according to Redfin , which interviewed dozens of its agents about what they’re seeing on the ground in regard to buyer commission conversations.

Earnest money deposit 370

Earnest money deposit Inspection contingency Agents Marketing 370

Inman

SEPTEMBER 9, 2024

Ranchers turned real estate advisors offer unmatched expertise in land and ranch sales, expertly navigating complex transactions with deep knowledge of regulations, natural resources and property nuances.

Land 178

Land Sales 178

Housing Wire

SEPTEMBER 9, 2024

Presale renovation firm Revive has made its artificial intelligence -powered property valuation tool available to everyone, according to an announcement on Thursday. Previously, the Revive Vision AI platform was only available to registered real estate agents. “Making Revive Vision AI available to anyone marks a new era in property valuation, where agents and consumers alike can access real-time, data-driven insights to make informed decisions to maximize the value of a home,” Dalip Jaggi,

Renovation 359

Renovation Agents Marketing Finance 359

Inman

SEPTEMBER 9, 2024

While most reported normal activity in the weeks after the commission rules took effect, some saw an uptick in listing clients refusing to pay buyers' fees, new Inman Intel Index results show.

Agents 169

Agents Seller concession MLS Brokerage 169

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Agents

Housing Wire

SEPTEMBER 9, 2024

Miami stands as one of the most dynamic and valuable real estate markets in the United States. While not yet reaching the trillion-dollar mark, Miami ‘s total real estate value, including both residential and commercial properties, was estimated at approximately $650 billion as of 2023, according to the Miami Association of Realtors. This places Miami among the top-tier real estate markets in the country, attracting both local and international buyers and driving intense competition among

Agents 345

Agents Marketing Commercial Residential 345

Inman

SEPTEMBER 9, 2024

The NBA superstar’s Highland Park estate at 2700 Point Drive was first listed for $29 million in 2012. By 2014, the price had dropped to $16 million, and it is now on the market for $14.8 million.

Marketing 156

Marketing 156

Housing Wire

SEPTEMBER 9, 2024

The Community Home Lenders of America (CHLA) on Monday submitted a letter to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra , urging the agency to balance the time frame and processes of loss mitigation in its revisions to Regulation X proposed in July. The proposals require mortgage servicers to emphasize borrower assistance and loss-mitigation options over foreclosure when homeowner struggles to make their required mortgage payments.

Loans 343

Loans Lending Mortgages Banks 343

Inman

SEPTEMBER 9, 2024

Find out how to lead with safety in every transaction and protect buyers, sellers, FSBOs and yourself from crime with security specialist Tracey Hawkins.

Agents 165

Agents 165

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Brokerage

Housing Wire

SEPTEMBER 9, 2024

Publicly traded real estate software firm reAlpha Tech Corp. added mortgage lending under its umbrella by acquiring mortgage brokerage company Be My Neighbor on Monday. reAlpha agreed to pay Be My Neighbor an aggregate purchase price of up to $6 million. This consists of $1.5 million in cash paid on the closing date, $1.5 million in restricted shares of the company’s common stock (or 1.15 million shares of restricted common stock for $1.31 per share) and up to $3 million in potential earn-

Brokerage 343

Brokerage Mortgages Technology Branding 343

Inman

SEPTEMBER 9, 2024

Worrying won't keep you safe, security expert Robert Siciliano writes. However, clear-eyed assessment of potential risk factors and common-sense precautions just might.

Agents 153

Agents 153

Housing Wire

SEPTEMBER 9, 2024

Roughly a year after launching its new agent payment plan, Redfin has announced that it is expanding Redfin Next to agents nationwide, according to an announcement on Monday. Beginning Oct. 27, all Redfin agents who enroll in the plan will earn commission splits of up to 75%. They will also have nearly all of their business expenses covered, along with receiving technology, support and benefits from Redfin.

Agents 329

Agents Technology Brokerage Staging 329

Inman

SEPTEMBER 9, 2024

The power buyer CEO also weighs in on whether traditional iBuyers will ever see their Goldilocks moment and turn a regular profit.

Brokerage 175

Brokerage Agents Marketing 175

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Loans

Housing Wire

SEPTEMBER 9, 2024

The Top Agent Network (TAN) pocket listing antitrust lawsuit is on track to have its day in court — and that day will be Nov. 3, 2025. U.S. District Court Judge Vince Chhabria in San Francisco set the November 2025 trial date on Friday during a case management hearing. Originally filed in 2020 by TAN, the suit takes aim at the National Association of Realtors ’ (NAR) ban on pocket listings via its Clear Cooperation Policy.

Agents 320

Agents MLS Closing Marketing 320

Inman

SEPTEMBER 9, 2024

Since hitting a June 21 low of $1.33, shares in the flat-fee real estate brokerage are up 125 percent as the company continues to add agents and pursue plans to expand operations to all 50 states and Canada.

Agents 145

Agents Brokerage Title Lending 145

Housing Wire

SEPTEMBER 9, 2024

Homeowners insurance costs are higher now than they have typically been , which has the potential to hit those living on a fixed income particularly hard. This could be one reason why a local NBC -TV affiliate in New Orleans is reporting that more of the community’s seniors are turning to reverse mortgage products as they seek financial relief. Alison Calamia, a reverse mortgage specialist with America’s Mortgage Resource — which is licensed in the states of Louisiana and Mississippi — told KPLC

Mortgages 281

Mortgages Loans As-is Finance 281

Inman

SEPTEMBER 9, 2024

Are we working to live or living to work? Rachael Hite says you have to safeguard your mind, body and spirit to build a professional legacy that lasts.

Agents 155

Agents 155

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Agents

RIS Media

SEPTEMBER 9, 2024

REcolorado and IRES MLS—the two largest real estate multiple listing services in Colorado—announced a data exchange and integration agreement that will ensure listing information on residential properties remains visible to each other’s subscribers. The agreement updates an existing data share agreement from October 2020. Under the updated agreement, REcolorado and IRES MLS stated they each… The post REcolorado and IRES MLS Reach Updated Data-Sharing Agreement appeared first on RISMedia.

MLS 116

MLS Residential Technology Industrial 116

Inman

SEPTEMBER 9, 2024

Seattle-based brokerage Redfin is taking its commission-based payment model, Redfin Next, nationwide on Oct. 27. Redfin Next enables agents to keep their W-2 status and benefits while earning competitive commission splits.

Brokerage 140

Brokerage Agents 140

RIS Media

SEPTEMBER 9, 2024

Real estate teams can play a vital role in creating and nurturing strong client relationships. By providing highly specialized expertise, collective tech resources and prompt communication, teams empower agents to provide the best service and support their clients require throughout the buying and selling journey. While clients want to work with agents who they can… The post How Real Estate Teams Can Help Build Stronger Client Relationships appeared first on RISMedia.

Agents 115

Agents Industrial 115

Inman

SEPTEMBER 9, 2024

Fannie Mae's National Housing Survey shows there's greater optimism about the future, but fewer than 1 in 5 consumers thought August was a good time to buy a home.

Mortgages 145

Mortgages Marketing 145

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Sales

Eye on Housing

SEPTEMBER 9, 2024

Although rent control policies do, in fact, produce lower rents in the controlled units as intended, these policies also have a number of unintended and undesirable consequences, according to a recently published review of the academic literature. Among the unintended consequences are a reduced supply of housing, higher rents in uncontrolled units, reduced quality in.

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114

RIS Media

SEPTEMBER 9, 2024

Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Legal cases in the real estate sphere continue to chug forward, with deadlines locked in and cases reassigned. Batton case reassigned to new judge after recusal On Wednesday, Sept. 4, Judge Andrea R.… The post Court Report: Batton Case Gets New Judge After Recusal; Trial Dates Set for Pocket Listing Case appeared first on RISMedia.

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Development MLS Industrial Agents 115

Bigger Pockets

SEPTEMBER 9, 2024

Redfin once published data that showed for every 1% increase in tech workers in their sample of cities, there was an average 0.49% increase in home prices.

Marketing 116

Marketing 116