Housing Wire
APRIL 10, 2024
R New York , a brokerage boasting approximately 800 agents, has joined the American Real Estate Association , an alternative to the National Association of Realtors (NAR), according to The Real Deal. The American Real Estate Association’s membership increased by nearly 30% after the absorption of R New York members, bringing the total to roughly 3,800 members.
Keeping Current Matters
APRIL 10, 2024
When mortgage rates spiked up over the last few years, some homeowners put their plans to move on pause.
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Housing Wire
APRIL 10, 2024
Mortgage rates shot up today as the CPI data came in just a bit hotter today — 0.1% more than estimates on a month-to-month basis. That’s not much, but it’s high enough to take away one of the rate cuts we expected in 2024. I view rate-cut pricing being tied more to the 2-year yield than the 10-year yield. Today, we saw a noticeable bounce in the 2-year yield.
Real Estate News
APRIL 10, 2024
Deal of the Year winner returns to Compass; The Agency opens in Steamboat Springs; Bay Area firm joins Real; ERA and BHGRE gain affiliates in MD and KY.
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
APRIL 10, 2024
The most anticipated economic report of the month showed that inflation has not just stalled, but increased. The news almost certainly rules out a rate cut in June, and traders are increasingly skeptical there will be more than a couple cuts in 2024, if any at all. Consumer prices in March were up 3.5% from a year earlier, up from 3.2% in February, according to data released by the Bureau of Labor Statistics on Wednesday.
Real Estate News
APRIL 10, 2024
The mortgage wholesaler is accused of steering and “cheating” borrowers through excessive fees, echoing some claims seen in the commissions cases.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Inman
APRIL 10, 2024
NAR told the US Patent and Trademark Office on Monday that an NYC-based investment firm that operates fintech marketplace Republic has stepped over the line with its logo. What do you think?
Housing Wire
APRIL 10, 2024
Finance of America Companies (FOA), parent company of industry-leading reverse mortgage lender Finance of America Reverse (FAR), released a new “ investor update ” this week to update shareholders and other stakeholders on different elements of its reverse mortgage business including its strategic initiatives, business model and an update on its integration of American Advisors Group (AAG).
Inman
APRIL 10, 2024
Bond market investors who fund most mortgage loans are increasingly convinced the latest inflation numbers mean the Federal Reserve won't cut rates in June.
Housing Wire
APRIL 10, 2024
Cybercrime losses rose to a record high of $12.8 billion in 2023, according to the latest Federal Bureau of Investigation Internet Crime Report , published earlier this week. In 2023, the FBI noted that it fielded 880,418 cybercrime complaints, a 10% uptick from the year prior. The potential losses from these complaints also rose to a record high, jumping 22% from the prior year.
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Inman
APRIL 10, 2024
A $418 million settlement in March by NAR caught agents and leaders by surprise. In a mixed bag of responses to the latest Intel Index poll, they shared their early reactions and existential fears.
Housing Wire
APRIL 10, 2024
Mortgage brokers ’ compensation is in the spotlight after a recent Federal Deposit Insurance Corporation (FDIC) test concluded that some financial institutions failed to prove that payments were “reasonably related” to the value of services provided. In its March Supervisory Highlights, the FDIC stated that many institutions have developed policies and procedures to ensure sufficient mortgage broker services are provided in order to receive compensation , which was the first of a two-part test.
Inman
APRIL 10, 2024
With the addition, roughly 800 agents will boost the American Real Estate Association's membership by nearly 30 percent to about 3,800 members.
Housing Wire
APRIL 10, 2024
The U.S. Department of Veteran Affairs (V.A.) announced on Wednesday morning a program to purchase defaulted V.A. loans from mortgage services and place them in its portfolio at a fixed 2.5% interest rate. The Veteran Affairs Servicing Purchase (VASP) program attempts to prevent foreclosure actions against military members still experiencing financial hardship due to the consequences of the COVID-19 pandemic.
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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.
Inman
APRIL 10, 2024
The 2022 REBNY award winner has decided to return to Compass after a nearly two-year stint over at Corcoran. He said Compass' tech was "light years ahead of other brokerages.
Housing Wire
APRIL 10, 2024
Nominations for the 2024 Marketing Leaders award are open now through April 30. This prestigious accolade recognizes the visionaries, innovators and strategists who have set new standards of marketing excellence in mortgage and real estate. HousingWire is proud to have recognized a slew of industry heavyweights since the program started. We’re taking a look back at some of last year’s Marketing Leaders to showcase the accomplishments that helped them claim the prestigious recognition
Inman
APRIL 10, 2024
The Detroit-based lender unveiled "Rocket Logic" on Tuesday, an AI-fueled platform that can glean insights from 10 petabytes of proprietary data and transcripts from 50 million borrower calls each year.
Housing Wire
APRIL 10, 2024
The Conference of State Bank Supervisors (CSBS) and the Federal Housing Finance Agency (FHFA) have signed onto a memorandum of understanding to formally share information between each other related to nonbank mortgage companies. “The [MOU] establishes substantive information sharing protocols between state financial regulators and FHFA, improving the ability to coordinate on market developments, identify and mitigate risks, and ultimately, further protect consumers, taxpayers, and the nation’s h
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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.
Inman
APRIL 10, 2024
The LA-based luxury powerhouse agents have been collaborating together at Compass for six years, and after clients suggested they make their partnership official, the pair have formed Jones Fridman International.
Eye on Housing
APRIL 10, 2024
Consumer prices continued to rise in March, with shelter and gasoline prices driving over half of the total increase. This marks the third consecutive strong reading. Despite a slowdown in the year-over-year increase, shelter costs continue to put upward pressure on inflation, accounting for over 60% of the total increase in all items excluding food.
Inman
APRIL 10, 2024
The Bloomberg REIT Index recorded its largest single-day gain since December on Monday. The largest gains, unsurprisingly, were recorded by AIR Communities, also known as Apartment Income REIT.
Bigger Pockets
APRIL 10, 2024
Growing old is a fact of life—even for Keith Richards—and while it’s doubtful you’ll see world-famous rock stars or aging screen stars in a residential assisted living (RAL) facility, for […]
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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.
Inman
APRIL 10, 2024
Forget searching online for the perfect assistant, trainer Bernice Ross writes. AI is rapidly evolving, and the best assistant you have ever hired may be just a few clicks away.
Bigger Pockets
APRIL 10, 2024
With so many real estate tax write-offs, it’s no wonder that CPA Brandon Hall says rental real estate is one of the most tax-advantaged assets on the planet.
Inman
APRIL 10, 2024
Citing recent court victories, UWM says, "It is not uncommon nor illegal for a broker to send most or all of their business to a specific lender.
Bigger Pockets
APRIL 10, 2024
In a recent episode of the BiggerPockets Real Estate Podcast, I had the privilege of chatting with Mindy Jensen about my journey to financial independence.
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Inman
APRIL 10, 2024
On the "Real Estate Insiders Unfiltered" podcast Tuesday, Sears said interim CEO Nykia Wright has agreed to extend her contract through the end of 2024 as NAR executives focus on the road ahead.
RIS Media
APRIL 10, 2024
Just what is a “seller’s market” and how does this truly impact your sellers and buyers? In today’s market you may be surprised that the traditional concepts might not quite be so black and white. Knowing and understanding the implications of this non-traditional seller’s market is likely to make a critical difference in how to… The post The Reality of a Seller’s Market appeared first on RISMedia.
Inman
APRIL 10, 2024
The group filed a brief with the U.S. Court of Appeals for the Ninth Circuit, requesting that the court overturn the dismissal of their lawsuit seeking to end the transfer tax on property sales priced $5 million and up.
RIS Media
APRIL 10, 2024
After a slight decrease last week, U.S. mortgage applications increased 0.1% from one week earlier, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) released Wednesday for the week ending April 5, 2024. Here’s a look at this week’s numbers: The Market Composite Index, a measure of mortgage loan application… The post Mortgage Applications Increase This Week appeared first on RISMedia.
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.
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