Housing Wire

AUGUST 8, 2024

Although there is no doubt that business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement are going to impact how real estate industry professionals operate, economists aren’t too sure they’ll have much bearing on the housing market. “I know that surprises people,” Orphe Divounguy, a senior economist at Zillow, said of the impact of business practice changes on the market.

Debt-to-income ratio 488

Debt-to-income ratio Marketing Mortgages Days on market 488

Keeping Current Matters

AUGUST 8, 2024

If you’re planning to sell your house and move, you probably know there’s been a shortage of options available.

New Construction 318

New Construction Construction 318

Housing Wire

AUGUST 8, 2024

Christopher George, the founder of California-based multichannel mortgage lender CMG Financial , has struck a deal to acquire Greenwoods Financial Group , the owner of Greenwoods State Bank. Financials of the deal were not disclosed. George will become an indirect wholly owner of a $575 million FDIC-state chartered bank based in Lake Mills, Wisconsin, that offers products for customers, businesses, and wealth management.

Banks 468

Banks Equity Mortgages Loans 468

Real Estate News

AUGUST 8, 2024

The 30-year mortgage fell to its lowest level since May 2023, which “should begin to pique their interest in making a move” — but buyers might not be ready.

Mortgages 288

Mortgages 288

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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.

Development

Housing Wire

AUGUST 8, 2024

The total value of U.S. homes is poised to cross the $50 trillion mark. That’s according to a new report from Redfin , which shows that housing has added $3.1 trillion in value over the past year, bringing its total value to $49.6 trillion. That’s a 6.6% rise in total value compared to June 2023 and 120% higher than in June 2014. New construction has contributed heavily to the year-over-year rise, with the total number of homes increasing by about 800,000.

New Construction 459

New Construction Equity Construction Marketing 459

Real Estate News

AUGUST 8, 2024

Watch the conversation with industry icon Stefan Swanepoel on the “self-centered, arrogant” leaders in real estate, NAR’s missteps and opportunities ahead.

Industrial 252

Industrial 252

Real Estate News

AUGUST 8, 2024

NAR reps discussed upcoming rule changes and reiterated that it does not promote or set compensation: “NAR is agnostic as to where the commission levels are.

Marketing 229

Marketing As-is 229

Housing Wire

AUGUST 8, 2024

Following the slight loss contributed by Longbridge Financial to the first-quarter earnings of parent company Ellington Financial , the reverse mortgage lender turned its fortunes around in the second quarter, which led to praise from the Ellington executive team in a Q2 2024 earnings report released this week. Ellington reported net income contributable to common stockholders of $52.3 million, and $69.1 million from its investment portfolio.

Loans 448

Loans Commercial Mortgages Equity 448

Real Estate News

AUGUST 8, 2024

Preliminary approval of the deal was granted on Aug. 8, with a final hearing set for Nov. 26. Plus, Batton 2 plaintiffs respond to motions to dismiss.

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213

Housing Wire

AUGUST 8, 2024

Global credit rating agency DBRS Morningstar this week assigned a “good” rating to reverse mortgage industry leader Finance of America (FOA), reconfirming the ranking the company was assigned at a similar point last year. The rating is officially classified as “MOR RVO2” by Morningstar. The agency noted the recent business history of FOA — including the abandonment of its forward mortgage business and its acquisition of American Advisors Group (AAG) — while mentioning the relative stability of i

Mortgages 448

Mortgages Loans Finance Industrial 448

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.

Industrial

Real Estate News

AUGUST 8, 2024

Phil Hawkins joins the association following 9 years as CEO of a local California Realtor association, says he is "ready to seize opportunities that lie ahead.

As-is 192

As-is 192

Housing Wire

AUGUST 8, 2024

Fathom Holdings Inc. , parent company of North Carolina -based Fathom Realty , announced Wednesday that it has started two new commission plans for agents. The two agent payment plans, Fathom Max and Fathom Share, complement the real estate firm’s existing plan known as Fathom One. The new plans are “designed to enhance agent recruitment and retention while promoting accelerated and sustainable growth and long-term profitability for the company,” according to its announcement.

Agents 448

Agents Title Lending Brokerage 448

Inman

AUGUST 8, 2024

Digital mortgage lender boosted second quarter loan production by 45 percent and says it's on track to originate more than $1 billion in mortgages in Q3 for the first time in two years, but losses continue to mount.

Investor 180

Investor Loans Mortgages Finance 180

Housing Wire

AUGUST 8, 2024

On last week’s episode of the Power House podcast , host Clayton Collins and guest Joe Tyrrell, the CEO of Optimal Blue , go in depth on how the mortgage technology firm pushes AI-driven data solutions, innovation and leadership for lenders interested in making better data-driven lending decisions. The duo also discuss growth and profit potential for lenders through the primary and secondary markets.

Lending 448

Lending Technology Mortgages As-is 448

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Brokerage

Inman

AUGUST 8, 2024

Realtor.com parent company Move Inc. saw its fiscal Q4 revenue decrease 2 percent yearly to $143 million as traffic to the site stalls at 74 million average monthly unique visitors.

Marketing 178

Marketing 178

Housing Wire

AUGUST 8, 2024

After more than three months of searching, the California Association of Realtors (CAR) has found its new CEO. On Thursday, the trade group announced that it has named Phil Hawkins as its new CEO. Hawkins is currently the head of the Pacific West Association of Realtors (PWR), which is one the the largest local Realtor associations in California. He will succeed Debra Ferrier, who has served as interim CEO of CAR since John Sebree stepped down in mid-April.

Industrial 447

Industrial Development As-is 447

Inman

AUGUST 8, 2024

Waltz provides a digital on-ramp for foreign real estate investors to buy property in the United States. It helps them establish a banking presence, an LLC, gain an EIN, transfer currencies and safely wire funds.

Banks 177

Banks Investor Property Management Lending 177

Housing Wire

AUGUST 8, 2024

After being dragged back into a homebuyer commission lawsuit, Hanna Holdings , the parent company of Howard Hanna Real Estate Services , is again looking for an exit. On Monday, the firm filed a motion to dismiss Davis commission lawsuit or relocate it to the Western District of Pennsylvania. The suit, which is named after its plaintiff Scott Davis, was filed in late May in the Eastern District of Pennsylvania on behalf of Davis by attorneys at Korein Tillery LLC , the same law firm representin

MLS 445

MLS Residential As-is Marketing 445

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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.

Agents

Inman

AUGUST 8, 2024

Find out how this award-winning Dallas team leader and his team think outside the box when it comes to marketing their listings and why he wishes more agents would do the same.

Agents 176

Agents Marketing 176

RIS Media

AUGUST 8, 2024

Selling a home can be challenging, but with the right seasonal strategies, you can make your property stand out. Whether it’s fall, winter, or the holiday season, tailoring your home to the time of year can attract more buyers and potentially speed up the sale. I have put effort into giving you the best advice… The post Seasonal Home Selling Tips: How to Prepare Your Home for Sale in Any Season appeared first on RISMedia.

Sales 142

Sales Development Industrial Agents 142

Inman

AUGUST 8, 2024

Hawkins had been working as the CEO of the Pacific West Association of Realtors in Southern California and will now lead C.A.R.

Industrial 175

Industrial MLS 175

RIS Media

AUGUST 8, 2024

A critical aspect of real estate transactions is the need for strategic enhancements to maximize property value. From landscaping to major repairs like roofing or foundation fixes, these investments are pivotal in the “improve-to-sell” approach favored by agents and homeowners alike. Yet, the greatest challenge often lies in financing these improvements.

Finance 124

Finance Sales Agents Development 124

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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.

Agents

Inman

AUGUST 8, 2024

Franchisor reported its U.S. agent count fell 6.3 percent during the second quarter as revenue fell 4.8 percent compared to a year earlier, according to its earnings report.

Agents 174

Agents Brokerage Marketing 174

RIS Media

AUGUST 8, 2024

Remember Show and Tell from when you were a little kid in school? You’d get in front of the class with something kinda neat and then provide the backstory. It was fun, right? Well, now it’s adult Show and Tell time, but it’s serious business. Most jobs involve working with the same people for years… The post The Buyer Agent Playbook: Accessing an Old-School Memory to Win New Clients appeared first on RISMedia.

Agents 123

Agents Development Sales Industrial 123

Inman

AUGUST 8, 2024

Discover key brokerage takeaways from Inman Connect Las Vegas that will help you enhance you practices, leverage technology and navigate the evolving real estate landscape.

Brokerage 173

Brokerage Technology Agents 173

RIS Media

AUGUST 8, 2024

Succession planning isn’t merely about choosing a successor; it’s about cultivating potential leaders long before there’s an empty seat at the top. Future leaders need to be identified, nurtured, and multiplied to secure the organization’s continuity and success. In “The Leader’s Greatest Return,” John C. Maxwell outlines a ten-step method for fostering a new generation… The post Thoughts on Leadership: Cultivating Tomorrow’s Leaders appeared first on RISMedia.

Development 123

Development Industrial Agents 123

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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.

Sales

Inman

AUGUST 8, 2024

Ultra-luxury sales, or residential sales valued at or above $10 million, totaled $14.6 billion across 838 transactions, an increase of 3.9 percent during the first half of the year.

Sales 173

Sales Residential Marketing 173

Bigger Pockets

AUGUST 8, 2024

Why are developers ditching California NOW? Is commercial real estate still struggling, and what’s up with all those empty office buildings all over town?

Development 123

Development Commercial Marketing 123

Inman

AUGUST 8, 2024

Post-NAR settlement, it’s never been more critical to generate listings, Jimmy Burgess says. That’s why he sat down with Curaytor’s Jimmy Mackin to highlight these winning strategies.

Agents 170

Agents Marketing 170

RIS Media

AUGUST 8, 2024

The 30-year fixed-rate mortgage (FRM) dropped drastically to the lowest level seen in over a year, from last week’s average of 6.73% to a current average of 6.47%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: The 30-year FRM averaged 6.47%, down from last week when… The post Mortgage Rates Plummet to Lowest Level in Over a Year appeared first on RISMedia.

Fixed-rate mortgage 122

Fixed-rate mortgage Mortgages Marketing Industrial 122

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