Wed.Jan 31, 2024

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Foreclosure Activity Is Still Lower than the Norm

Keeping Current Matters

Have you seen headlines talking about the increase in foreclosures in today’s housing market?

Marketing 314
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NAR “sets the record straight” on commissions

Housing Wire

After months of plaintiffs’ lawyers in commission lawsuits claiming that the National Association of Realtors sets real estate agent commissions, the trade group finally decided to, in its words, “set the record straight.” In a video posted on Wednesday, NAR interim CEO Nykia Wright told viewers that, “the notion that the National Association of Realtors controls what real estate professionals get paid is wholly untrue.

HR 484
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NAR interim CEO ‘sets the record straight’ in new video

Real Estate News

In her first public message as CEO, Nykia Wright defended the real estate profession, saying it has been “vilified,” “sensationalized” and “misrepresented.

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UWM initiates 100 bps discount for conventional rate-and-term refis 

Housing Wire

United Wholesale Mortgage (UWM) announced Wednesday that it’s allowing its broker partners to offer a temporary discount of 100 basis points (bps) for conventional rate-and-term refinances. The discount is valid on new loan locks through March 29. It’s not the first time that the Pontiac, Michigan-based lender has encouraged borrowers to refinance their loans.

Loans 474
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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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FTC weighs in on antitrust allegations leveled against CoStar

Real Estate News

CoStar’s residential business has managed to avoid the antitrust cases rocking the industry, but it’s a different story on the commercial side.

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DataDigest: National rent price growth normalizes, while Austin rents lose steam

Housing Wire

The pandemic-era boom in single-family rental prices is over, according to CoreLogic ‘s Single-Family Rent Index. The index, which analyzes single-family rent price changes nationally and across major metropolitan areas, tracked 13-15% annual growth in rental prices in the first half of 2023, but the index value rose only 2.7% in November, the latest data available.

Principal 477

More Trending

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Mortgage and title firms grapple with recent rise in cyberattacks

Housing Wire

When loanDepot announced that it was the victim of a cybersecurity incident in early January, it became the fourth publicly traded mortgage or title firm to absorb an attack in as many months. “There has absolutely been an increase in cyber security incidents,” said Alex Hamlin, the chief information security officer at Qualia , a digital real estate closing platform.

Title 463
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New York Comptroller asks eXp to investigate sexual assault claims

Inman

The office of New York State Comptroller, which holds nearly 27,000 shares of eXp World Holdings stock, sent a letter to eXp CEO Glenn Sanford requesting he establish an independent committee to formally look into the allegations.

Brokerage 183
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Just how bad was 2023 for the housing market?

Housing Wire

RIP 2023 — Whew, that was a year none of us would like to live through again. Chances are, we won’t have to anytime in the next few years. How bad was last year? RealTrends has been tracking housing market data since 1979, including households, home sales, average mortgage rates , etc. One of the most important calculations we do each year is measure the percentage of all households that purchased a home, whether new or existing, in a given year.

Marketing 465
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Record-breaking NYC townhouse sale goes to mystery buyer

Inman

A mystery couple has bought Greenwich Village's most expensive townhouse for $72.5 million, surpassing the previous record by $14.3 million. The 12,000-square-foot property was sold off-market, with the buyers planning to use it as a pied-à-terre.

Sales 169
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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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As the Fed plays waiting game to cut rates, housing pros lean toward incoming economic data 

Housing Wire

One of the biggest takeaways from the Wednesday press conference held by Federal Reserve Chair Jerome Powell is that the central bank isn’t likely to cut interest rates in March as investors had hoped. After signaling interest rate cuts for 2024 in its previous meeting, the focus shifted to when such a move might come and how extensively policymakers could lower interest rates this year.

Banks 445
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Client pipelines tick back up as agents eye 2024 gains: Triple-I

Inman

More real estate agents believe their client shortfall has begun to stabilize, an indication of rising home demand in the new year, according to new results from the latest Inman Intel Index survey.

Agents 167
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Mortgage applications decline ahead of Fed meeting

Housing Wire

Mortgage demand slumped last week as consumers hit the brakes on purchase applications. Mortgage applications decreased by 7.2% in the week ending Jan. 26 compared to one week earlier on a seasonally adjusted basis, according to the Mortgage Bankers Association ‘s (MBA) weekly mortgage applications survey. “Applications decreased compared to a holiday-adjusted week, driven by a decline in purchase applications that offset a slight increase in refinance activity,” Joel Kan , MBA’s vice president

Mortgages 461
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How Jeff Lobb navigates a career built on passion, innovation, family

Inman

In his latest Snapshot profile, Brandon Doyle offers insight into the SparkTank Media founder's marketing philosophy and personal commitments.

Marketing 173
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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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How LOs can use short-form video content to connect with Gen Z

Housing Wire

The accessibility of information, the encouragement of multitasking culture and a desire for instant gratification are all huge societal changes that have massively impacted Gen Z individuals. How can we as an industry and as real estate finance experts adapt to reach and maintain the attention of next-generation prospective homebuyers? Social media is going to be a vital piece of the “Gen Z Connection” puzzle.

Branding 451
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Illinois Realtors raises $1M war chest to fight Chicago tax hike

Inman

Chicago voters are set to decide whether to quadruple the tax buyers pay on residential and commercial properties in the city. Illinois Realtors plans to lead the fight.

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Dark Matter onboards mortgage tech veteran from ICE

Housing Wire

Dark Matter Technologies (DMT) tapped Tony Fox, former director of ICE Mortgage Technology , as its new chief of client engagement. Fox is responsible for directing the company’s account management and client success teams. He will report to Sean Dugan, chief revenue officer at DMT. Fox was director of client management at I CE Mortgage Technology for four months after the firm acquired Black Knight in September 2023.

Mortgages 433
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New legislation aims to ban algorithmic pricing of rents

Inman

The "Preventing the Algorithmic Facilitation of Rental Housing Cartels Act" is expected to be introduced in the U.S. Senate this week.

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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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Serhant hires a familiar name as its first president

Housing Wire

Josh Team is joining real estate brokerage Serhant as its first-ever president, Inman reported on Monday. After taking a three-year break from the industry, Team, the former president of Keller Williams , chose the brokerage headed by Ryan Serhant to make his comeback. In his new role, Team will be responsible for scaling Serhant’s national brokerage operations as it pursues expansion across the country.

Brokerage 428
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13 ways to find a home for your buyers in this tight market

Inman

If you currently have buyers but cannot land an escrow, writes team leader Carl Medford, consider stepping up your game to provide the highest level of service possible. It's time to start thinking outside the box.

Land 159
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Experts weigh in on whether seniors should get new mortgages: Bankrate

Housing Wire

For seniors who have retired, taking on additional debt that requires a monthly payment while being on a fixed income could have ramifications on quality of retirement, and it should be considered in concert with all the facts about how it will impact a senior’s financial situation. This is according to experts who spoke to personal finance website Bankrate about the concept of taking on a new mortgage in retirement.

Mortgages 428
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Watson Salari Group makes it Official, leaves Coldwell Banker

Inman

Teammates Brent Watson and Marco Salari will become founding agents for Official in Los Angeles. The team has closed more than $2.75 billion in career sales.

Closing 168
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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.

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Evergreen Home Loans expands into Montana

Housing Wire

Mortgage company Evergreen Home Loans is continuing its expansion across the country with the opening of new branches in Montana, the company announced on Wednesday. “We are thrilled to welcome the Montana team to our Evergreen family,” Robert Lipston, the company’s executive vice president of production, said in a statement. “We’re excited to bring our personalized approach to mortgage solutions to the residents of Montana.

Loans 432
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Engel & Völkers launches in New Hampshire with Portsmouth shop

Inman

The new shop is led by License Partner Dean Poritzky and Vice President and Marketing Director Paige McVay of Engel & Völkers Wellesley.

Marketing 165
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ALTA Registry data integrates with the Qualia platform

Housing Wire

Data from the American Land Title Association’s (ALTA) Title & Settlement Agent Registry (ALTA Registry) will be integrated with the platform of closing software provider Qualia , according to an announcement on Wednesday. The data will be provided to Qualia under a licensing agreement with the ALTA Registry, which is a national database of title and settlement agents.

Title 423
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Applications for purchase loans sag for first time in 2024

Inman

Firming up of mortgage rates finally catches up with homebuyer demand, with applications for purchase loans falling by a seasonally adjusted 11 percent last week, MBA survey shows.

Loans 150
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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.

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FOA’s Sieffert on ‘massive pivot’ in 2023, reverse mortgage opportunities ahead

Housing Wire

Finance of America Companies (FOA) President Kristen Sieffert is bullish on the prospects for the reverse mortgage industry’s leading lender in 2024, particularly after the company went through a series of major changes last year, including the acquisition of American Advisors Group (AAG). This is according to an interview with Sieffert featured on “ Ten Minute Talks ,” an interview series hosted by HousingWire President Diego Sanchez featuring mortgage or real estate leaders in the industry gro

Mortgages 400
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Assumable loan platform Roam offers seller closing guarantee

Inman

If it takes longer than 60 days from the time an offer is accepted until close of escrow, Roam will make the homeseller's mortgage payments for up 60 days after the scheduled closing date.

Closing 150
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Top sales team joins The Real Brokerage

Housing Wire

The top-producing Suarez Team is joining real estate firm The Real Brokerage , according to a company announcement on Wednesday. Powered by James and Roxanne Suarez, the 10-person team serves the greater Los Angeles market, including Silicon Beach, Beverly Hills, Hollywood Hills and the South Bay. Before joining Real, the team was affiliated with Keller Williams Beverly Hills.

Brokerage 392
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These 5 keys can make or break your email delivery

Inman

Bouncebacks and spam will undermine your content marketing strategy. Broker Eric Bramlett offers insights and tips to help agents get their message across via email.

Agents 155
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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

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.