Housing Wire
SEPTEMBER 24, 2024
Invitation Homes , the largest owner of U.S. single-family rental homes , has agreed to pay $48 million to consumers and change some of its practices, according to a proposed settlement with the Federal Trade Commission (FTC) that was announced Tuesday. According to the FTC, Invitation Homes advertised monthly rent prices without including mandatory “junk fees.
Keeping Current Matters
SEPTEMBER 24, 2024
Believe it or not, almost 80% of first-time homebuyers qualify for down payment assistance, but only 13% actually use it.
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Housing Wire
SEPTEMBER 24, 2024
Home prices have reached yet another all-time high, but the pace of growth is slowing. That’s according to the S&P CoreLogic Case-Shiller Index for July, which shows U.S. home prices rising 5% year over year. Growth in major U.S. cities was even higher, as the 10-city composite index was up 6.8% year over year and the 20-city composite index was up 5.9%.
Real Estate News
SEPTEMBER 24, 2024
The brokerage platform also asked a judge to dismiss a copycat commissions lawsuit, saying it fails to prove Side conspired with anyone over agent compensation.
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Housing Wire
SEPTEMBER 24, 2024
The mayor of South Portland, Maine , recently acknowledged that property taxes in the region are particularly challenging for those living on a fixed income. When offering advice on how to manage these costs, the mayor brought up the potential for a reverse mortgage. This is according to local reporting by The Maine Wire from a recent city council meeting.
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Housing Wire
SEPTEMBER 24, 2024
After the Federal Reserve lowered benchmark interest rates by 50 basis points last week, mortgage rates continued to move lower, although at a slower pace compared to recent weeks. At HousingWire ‘s Mortgage Rates Center on Tuesday, the average 30-year conforming loan rate was 6.25%, down 9 basis points from a week ago. The 15-year conforming loan rate shed another 19 basis points during the week and now averages 5.60%.
Inman
SEPTEMBER 24, 2024
Most homebuyers will continue to use an agent and most homesellers will continue to cover buyer agent commissions, writes broker-owner Eric Bramlett of Austin-based Bramlett Residential.
Housing Wire
SEPTEMBER 24, 2024
Like many other big cities across the country, the COVID-19 pandemic wasn’t kind to Chicago. People seeking more space to accommodate working from home led to a minor outflow of residents that put the housing market on pause. But people have returned to the Windy City and, lately, home prices have grown at a pace that would be perfect for Goldilocks — not too hot, not too cold, but just right.
Inman
SEPTEMBER 24, 2024
Realtor.com released its new map-based search experience on Tuesday, which uses color-coded map layers to help homebuyers find their next home based on preferred home features and market trends.
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
SEPTEMBER 24, 2024
New York-based asset manager Rithm Capital, the owner of multichannel lender Newrez , announced on Tuesday that it plans to raise money for “general corporate purposes” by selling up to 34.5 million shares of common stock to investors in a public offering. The company said underwriters will offer shares from time to time in negotiated transactions or prevailing market prices at the time of sale.
Inman
SEPTEMBER 24, 2024
The partnership allows Miami Association of Realtors members access to Solid Earth's Ezement Dashboard, which aims to heighten security while eliminating passwords, executives said Friday.
Housing Wire
SEPTEMBER 24, 2024
Top U.S. mortgage lender United Wholesale Mortgage (UWM) this week won a three-year legal battle with a mortgage brokerage firm. The case involves the lender’s controversial “All-In” initiative, which states that brokers who work with UWM cannot engage in business with competitors Rocket Mortgage and Fairway Independent Mortgage Corp.
Inman
SEPTEMBER 24, 2024
Running a successful business isn't just about the big things, coach Verl Workman writes. Often, it's about the small, incremental habits that add up over time.
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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
SEPTEMBER 24, 2024
Roemanu , the holding company for Toorak Capital Partners and Merchants Mortgage , announced on Tuesday that it has hired former Finance of America executive Charles Macintosh as its chief operating officer. Macintosh will also join Roemanu’s executive committee and oversee multiple areas of the business from its headquarters in Tampa and its office in Summit, New Jersey.
Inman
SEPTEMBER 24, 2024
Holm, who leads the Holm Team in Austin, has leaned into the city's burgeoning tech industry, and he'll share his insights on Silicon Valley's emergence in Texas at Inman Connect Austin next month.
Housing Wire
SEPTEMBER 24, 2024
Less than a week after an amended complaint added a slew of new plaintiffs to the Davis homebuyer commission lawsuit , the judge overseeing the case has denied defendant Hanna Holdings ’ motion to dismiss or transfer the suit. Judge Wendy Beetlestone of the U.S. District Court for the Eastern District of Pennsylvania issued her ruling on Monday. Hanna Holdings, the parent company of Howard Hanna Real Estate Services, filed its motion to dismiss the suit in early August.
Inman
SEPTEMBER 24, 2024
Real estate professionals who embrace mindfulness now, Aaron Hendon writes, can gain an edge over their competition by staying calm under pressure, making better decisions and connecting more deeply with clients.
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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
SEPTEMBER 24, 2024
Coldwell Banker Realty is strengthening its roster of California- based agents. On Monday, the brokerage announced that it was welcoming top-performing agent Jing Hu to the firm’s office in the Silicon Valley hub of Cupertino. Hu was previously brokered with Keller Williams Santa Clara Valley. She transitioned to real estate sales in May 2022 after a three-year career in property management. “As a Bay Area resident for the past ten years and with a background in property management, I unde
Inman
SEPTEMBER 24, 2024
The FTC alleges the company advertised monthly rental rates that did not include mandatory "hidden" fees that could add up to more than $1,700 per year.
Housing Wire
SEPTEMBER 24, 2024
The U.S. Department of Justice (DOJ) announced this week that it has secured a $2.4 million settlement from James B. Nutter & Co. , aka Nutter Home Loans , to resolve allegations that the lender had underwritten ineligible reverse mortgages to be insured by the Federal Housing Administration (FHA). The lender “has agreed to pay $2.4 million to resolve allegations that it violated the False Claims Act and the Financial Institutions Reform, Recovery and Enforcement Act of 1989 by knowingly und
Inman
SEPTEMBER 24, 2024
With buyer-broker agreements now standard operating procedure, team leader Carl Medford writes, a mandatory buyer consultation should be standard practice for any buyer’s agent.
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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.
RIS Media
SEPTEMBER 24, 2024
Every transaction is different now. Depending on where you practice, you might have already been signing buyer agreements with every client. You might even work in a region where compensation can still be offered on the MLS. But as the changes prescribed by the National Association of REALTORS® (NAR) settlement agreement take hold, and the… The post RISMedia Launches Contract & Commission Study, Post-Settlement Compensation Analysis appeared first on RISMedia.
Inman
SEPTEMBER 24, 2024
Austin, Texas-based startup won't have the space to itself, but partner Visa and backers providing $7.2 million in seed funding led by Streamlined Ventures like the company's odds.
Coldwell Banker
SEPTEMBER 24, 2024
Whether the snow is piling up or you’re enjoying a much milder season, winter maintenance is a must-do no matter where you live. We’ve rounded up some tips on how to keep your home in peak condition and prevent costly problems down the road. Test Smoke and Carbon Monoxide Detectors Safety first! With wintery winds […] The post ‘Tis the Season for Winter Home Maintenance appeared first on Coldwell Banker Blue Matter.
Inman
SEPTEMBER 24, 2024
Better communication and better expectation-setting: that's what a well-developed buyer presentation can create for you and your clients, broker Joseph Santini writes.
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