Mon.Jan 06, 2025

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CFPB sues Vanderbilt, a Berkshire Hathaway lender, over risky home loans

Housing Wire

Vanderbilt Mortgage & Finance , part of Warren Buffetts conglomerate Berkshire Hathaway , has been accused by the Consumer Financial Protection Bureau (CFPB) of manipulating underwriting standards and setting borrowers up to fail in manufactured home loans. The consumer watchdog on Monday filed a lawsuit in a U.S. district court in Tennessee against Vanderbilt for purported violations of the Truth in Lending Act and Regulation Z.

Loans 448
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Sherry Chris to join NAR as consultant following Anywhere exit

Inman

The industry veteran announced she was stepping down from an advisory role at Anywhere in December 2024 after officially retiring in April 2023. Now, she will help NAR build relationships and trust, and serve as special advisor to CEO Nykia Wright.

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Did home sales momentum fizzle in December?

Housing Wire

The New Years week was expected to be slow, so it’s no surprise that new listings and sales are down. Those will start rebounding in next weeks data. The Christmas and New Year’s holidays fell on Wednesdays this year, which messes up two full weeks in terms of getting home sales done and tracking the numbers. At the same time, mortgage rates jumped back over 7%.

Sales 448
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Time in the Market Beats Timing the Market

Keeping Current Matters

Trying to decide whether it makes more sense to buy a home now or wait?

Marketing 313
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The 2025 Real Estate Roadmap to Success

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.

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Sherry Chris named special adviser to NAR CEO Nykia Wright

Housing Wire

Sherry Chris may have retired from her role as president and CEO of Anywhere Expansion Brands including the Better Homes and Gardens Real Estate (BHGRE) and ERA Real Estate brands but that doesnt mean she hasnt been keeping busy. On Monday, the National Association of Realtors (NAR) announced Chris appointment as an independent consultant and special adviser to CEO Nykia Wright.

Brokerage 458

More Trending

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Report suggests capital gains tax is discouraging older homeowners from downsizing

Housing Wire

While recent housing market reports and trends have shown that older homeowners are unwilling to sell their homes for a variety of reasons, one of them may be the expected requirement to pay capital gains taxes stemming from the post-pandemic explosion of home-price appreciation, according to a report from Business Insider. While some homeowners are looking to cash in on the equity they’ve built up since the pandemic, these same increases in property values are driving up the number of hom

Sales 397
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Affordable Housing Lottery Opens for Bed Stuy Co-ops for Sale

Brownstoner

A rare affordable housing lottery has opened for the sale of 46 one- and two-bedroom co-op apartments in four new Bed Stuy buildings, giving households of one to five people with incomes between $83,126 and $218,010 a year the chance to become first time homeowners. The lottery for the four… Read More > The post Affordable Housing Lottery Opens for Bed Stuy Co-ops for Sale appeared first on Brownstoner.

Sales 105
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Logan Finance promotes Sarah Gonzalez to chief innovation officer

Housing Wire

HousingWire Vanguard Sarah Gonzalez has taken on a new role at Logan Finance Corporation as chief innovation officer. Gonzalez formerly served as Logan’s chief operating officer, a position she started in February 2024. Before joining Logan, Gonzalez served as president and COO at Panorama Mortgage Group. Gonzalez has a 25-year background in operations and leadership roles, including serving as chief operating officer at First Guaranty Mortgage Corporation , senior vice president of strate

Finance 417
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How the country's largest MLS is pitching its value

Real Estate News

Are MLSs still relevant in real estates new era? Absolutely, says California Regional MLS, whose new campaign focuses on adaptation and member empowerment.

MLS 277
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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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GVC Mortgage hires Jen Peachman as VP of strategic lending

Housing Wire

GVC Mortgage announced the hiring of Jen Peachman as vice president of strategic lending, a move that Peachman confirmed on LinkedIn. Per the Chrisman Commentary, a daily mortgage newsletter produced by Rob Chrisman , GVC said that Peachman “will play an integral role in expanding our retail branch network across the GVC Lending footprint.” With more than 20 years of experience in mortgage and financial services, Peachman formerly served as national director of origination sales for

Lending 418
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Trends 2025: What does the DOJ want from the industry?

Real Estate News

A Department of Justice statement from the MLS PIN commissions case offers a sense of what the government is seeking when it comes to buyer agent compensation.

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Berkshire Hathaway Energy seeks arbitration in Gibson commission lawsuit

Housing Wire

Berkshire Hathaway Energy (BHE), the parent company of real estate brokerage firm HomeServices of America , has asked Judge Stephen R. Bough to reconsider a previous ruling and for an order to compel arbitration in the Gibson copycat commission lawsuit. In a document filed last week, BHE asked Bough to reconsider his order denying BHEs motion to strike the class-action allegations and to dismiss for failure to state a claim.

Brokerage 432
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NAR Taps Sherry Chris as Independent Consultant, Special Advisor to CEO Nykia Wright

RIS Media

Above, Sherry Chris The National Association of REALTORS (NAR) announced Jan. 6 that it has engaged industry veteran Sherry Chris as an independent consultant and special advisor to NAR CEO Nykia Wright. In this role, Chris will provide strategic counsel on strengthening relationships, building trust and enhancing collaboration with brokerage leaders.

Brokerage 119
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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

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.

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Batton plaintiff appeals NAR settlement approval

Housing Wire

James Mullis, a plaintiff in the Batton homebuyer commission lawsuit , is joining the growing list of parties that have appealed the final approval of the settlement agreements reached by the National Association of Realtors (NAR) and HomeServices of America. Mullis filed his appeal on Dec. 24 in the Eighth Circuit Court of Appeals. Prior to filing the appeal, Mullis had filed an objection to the settlement before its approval.

MLS 397
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Sherry Chris moves to NAR, will serve as executive advisor

Real Estate News

Just two weeks after leaving Anywhere, the industry veteran has taken on a new role supporting National Association of Realtors CEO Nykia Wright.

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MBA promotes Jamie Woodwell to lead its commercial, multifamily public policy efforts

Housing Wire

The Mortgage Bankers Association (MBA) on Monday appointed Jamie Woodwell as its senior vice president of commercial/multifamily policy and strategic industry engagement. Woodwell brings 20 years of experience at MBA to the new role. He transitions from a previous position as vice president of research and economics. The executive’s work has focused on key policy issues such tax, climate and potential changes with Fannie Mae and Freddie Mac.

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Berkshire Hathaway Energy Seeks Arbitration, Plans to Appeal to Eighth Circuit

RIS Media

Berkshire Hathaway Energy (BHE) filed a motion in the largest Burnett copycat case seeking arbitration based on what it is calling the judges significant legal error to overturn its previous ruling. They dont plan on waiting for his approval, though. In the filing, BHE, a holding company for the real estate brokerage HomeServices of America,… The post Berkshire Hathaway Energy Seeks Arbitration, Plans to Appeal to Eighth Circuit appeared first on RISMedia.

Brokerage 111
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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

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.

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LPT Realty’s Michael Valdes on expansion plans and agent choice models

Housing Wire

In this weeks episode of the RealTrending podcast , host Tracey Velt is joined by Michael Valdes, CEO of LPT Realty. They discuss LPTs recent expansion milestones, its Agent Choice model and the influence of artificial intelligence (AI) on real estate workflows. This conversation has been edited for length and clarity purposes. To start, Valdes shares background on LPT and his involvement with the company.

Agents 395
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No, you don’t need more leads. Here’s what to do instead

Inman

Stop blaming the leads, the market or your CRM. The problem — and the solution — rests squarely on your shoulders, consultant Chris Pollinger writes.

Marketing 174
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Rejoice! Housing affordability didn’t get worse in 2024

Housing Wire

Affordability issues have stymied the housing market for the better part of the past decade, but it didnt get worse in 2024. Thats the conclusion of a new report from Redfin , which said that housing affordability didnt deteriorate further last year, the first time thats happened in four years. Taking the median U.S. income of $83,782 and comparing it to the median home price of $429,734, a household in that situation would have spent 41.8% of their income on housing in 2024.

Marketing 353
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Pent-up demand, ‘she-elites,’ new hot spots may drive luxury in 2025

Inman

Luxury "is expected to remain the shining star of real estate," Coldwell Banker Global Luxury's Michael Altneu said in the brand's annual luxury trend report released on Monday, which highlighted areas to watch in 2025.

Branding 164
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The Broker Action Plan for the Post-NAR Lawsuit Landscape

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.

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You’ll never guess which state has the highest percentage of inbound movers

Housing Wire

The COVID-19 pandemic set off a wave of migration that temporarily depressed coastal housing markets and caused others to explode. But almost five years after the pandemic began, new trends are emerging that may surprise you. Thats according to an annual study from United Van Lines that surveys movers on where theyre coming from, where theyre going and why.

As-is 321
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Robert Reffkin predicts the end of Clear Cooperation in 2025

Inman

The Compass CEO, long a critic of the polarizing NAR rule, believes that the real estate industry as a whole will finally come around to his view in the near future.

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How to Sell My House Fast in Mankato: Cash Offer Options

HomeLight

Selling a home quickly in Mankato, Minnesota, requires a well-defined plan, especially when facing unexpected circumstances such as a job relocation, financial challenges, or changing health needs. Thankfully, no matter your situation, you have options. If youre asking, How can I sell my house fast in Mankato? we can help. This guide empowers homeowners by providing actionable strategies tailored to the local market, helping you achieve a fast and successful sale in Mankato.

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Lesson Learned: Forget competing. Build connections instead

Inman

Many real estate agents recommend a relationship-building approach to business, and for South Florida new development sales specialist Juan Carlos Tobon, those relationships are the key to creating meaning in the everyday.

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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

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.