Housing Wire
JULY 12, 2024
A survey of mortgage default servicing leaders revealed that foreclosures are expected to rise slowly during the second half of 2024, while ample amounts of home equity should keep many properties in loss mitigation from moving into foreclosure status. Auction.com , a marketplace for distressed home sales, released its 2024 Seller Insights report on Friday.
Real Estate News
JULY 12, 2024
The typical agent had fewer transactions and less income last year, NAR found, but that’s not stopping newcomers from joining — and old pros are doing well.
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Housing Wire
JULY 12, 2024
The California Association of Realtors (CAR) evidently wants no part of the Department of Justice. The association announced on Wednesday that it will release new and updated forms after a delay caused by the DOJ launching a formal inquiry into CAR at the end of June. The DOJ expressed concerns about possible loopholes the forms might contain, which could allow agents to skirt new rules implemented as part of the National Association of Realtors’ (NAR) antitrust settlement.
Real Estate News
JULY 12, 2024
So much for that housing market recovery everyone was expecting. Builders and boomers could provide bright spots, but what about the NAR settlement?
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Housing Wire
JULY 12, 2024
Editor in Chief Sarah Wheeler sat down with Brooke Anderson-Tompkins to talk about responsible AI and the scope of implementing AI in your business. Anderson-Tompkins was president of 1st Priority Mortgage for 15 years and is a former chair of the Community Mortgage Lenders of America (now Community Home Lenders of America). She is now founder and CEO of Bridge AIvisory and will be a speaker at HousingWire’s AI Summit.
Real Estate News
JULY 12, 2024
Settlement details and dates have been set for Compass, Real, Douglas Elliman, Realty One and @properties, but NAR hit a roadblock in its fight with the DOJ.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
JULY 12, 2024
The California association has been the subject of a DOJ inquiry and a scathing CFA report. Updates released this week may allay some of those concerns.
Housing Wire
JULY 12, 2024
Many of the norms and habits that followed the pandemic have led some to question whether younger generations, Generation Z in particular, will still see homeownership as the American dream. This worry has been supported by the rising trend of the digital nomad , the fact that more Americans are still living with their parents during their twenties , and the market challenges of low inventory and affordability since the pandemic.
Inman
JULY 12, 2024
The California Association of Realtors says even though offers of compensation among brokers remain legal, members and their clients should not rely on "historically common practices.
Housing Wire
JULY 12, 2024
Wells Fargo , JPMorgan Chase and Citi opened the second-quarter earnings season in the mortgage space on Friday by showing strong increases in sales volumes from April to June compared to the previous quarter. But it was not enough to bring home loan originations to year-ago levels. Among the three depositories, JPMorgan was the leader in mortgage production with $10.7 billion volume in Q2 2024, up 62% quarter over quarter but down 4% year over year.
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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
JULY 12, 2024
Stay ahead of the market with Chris Pollinger's top 6 luxury real estate trends of 2024. Learn what luxury clients are seeking and how to cater to their discerning taste.
Housing Wire
JULY 12, 2024
The real estate industry is watching with bated breath to see what happens to multiple listing services in the wake of the National Association of Realtors ‘ (NAR) antitrust settlement. Realtor associations in Florida may be providing an answer. Four associations with MLSs that serve clients along the northeast coast of Florida have reached a data sharing agreement that will give consumers access to listings from all four MLSs through their native systems.
Inman
JULY 12, 2024
The Appraisal Foundation will establish $1.22 million scholarship fund to help aspiring appraisers navigate "an alternative, more inclusive path" for fulfilling experience requirements that are said to have contributed to a lack of diversity.
Housing Wire
JULY 12, 2024
While a lot of the conversation regarding the 2024 presidential election is focused on the historically high ages of the two expected major party candidates, the aging U.S. workforce often faces doubts about their own abilities that are “crudely conflating old age with physical and cognitive capacity.” This is according to a recent NextAvenue column co-written by two aging experts: Robert Espinoza, CEO at the National Skills Coalition and a fellow at the Brookings Institution ; and Leanne Clark-
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Inman
JULY 12, 2024
About 80 percent of business owners fall into the trap of using personal credit and financial resources to run their business. Trainer Bernice Ross shares expert strategies for getting your finances in order.
Housing Wire
JULY 12, 2024
Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Whether you live in the bucolic pastures of western Massachusetts, downtown Boston or the shores of Cape Cod, the Commonwealth of Massachusetts offers lucrative opportunities to buy and sell unique properties.
Inman
JULY 12, 2024
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.
Housing Wire
JULY 12, 2024
Former reverse mortgage lender James B. Nutter & Co. , aka Nutter Home Loans , recently scored what an attorney has characterized as a win in a case brought against it by the U.S. Department of Justice (DOJ). The DOJ initially sued Nutter in September 2020 in a federal court in Missouri under the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) of 1989 and the False Claims Act (FCA).
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Inman
JULY 12, 2024
Creating leverage through technology has never been easier, Jimmy Burgess writes. Check out his list of hot apps to make this summer sizzle for your business.
RIS Media
JULY 12, 2024
The mortgage market has been going through a gradual change as it adjusts to higher-for-longer interest rates. With this shift, a rising tide of higher mortgage rates has reshaped the landscape and, notably, is creating a shrinking pool of homeowners with mortgage rates below 5%, according to the July ICE Mortgage Monitor Report. That means… The post Report: Share of Homeowners With Sub 5% Mortgage Rate Shrinks Significantly appeared first on RISMedia.
Inman
JULY 12, 2024
The Golden I Club recognizes excellence in luxury real estate, and this year's finalists span from coast to coast. Winners will be honored at Luxury Connect, July. 29-30, 2024.
RIS Media
JULY 12, 2024
Despite recent scrutiny, the California Association of REALTORS® (CAR) has shown a willingness to take feedback and adapt ahead of fast-approaching policy changes slated to hit the industry. CAR officials announced Wednesday that 30 new and revised forms were released as part of a semi-annual standard forms update. Most notably, the real estate organization has… The post Cooperative Compensation Removed From Revamped CAR Forms appeared first on RISMedia.
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Strategic real estate professionals know that the name of the game right now is to stay informed, adaptable, and ready to make confident decisions. In this free download, Inside Real Estate CEO, Joe Skousen, shares what he believes are the top 4 most impactful actions in real estate right now. We've been actively engaging with industry experts, analyzing data, and listening intently to the experiences of our agents on the ground.
Inman
JULY 12, 2024
News of the condo's acquisition came after "His Majesty the King in Right of Canada" was listed as a buyer in the Steinway Hall portion of the property.
RIS Media
JULY 12, 2024
In today’s complex and competitive real estate market, ongoing training and coaching is crucial for professionals aiming to succeed and stand out. In addition to equipping real estate professionals with the necessary tools to refine their skills, improve service delivery and enhance their negotiation capabilities, prioritizing training and coaching is essential to maintaining relevance and… The post A Winning Approach to Training and Coaching appeared first on RISMedia.
Inman
JULY 12, 2024
CoStar Group revealed its latest executive hires of the summer, with Simonelli returning after six years as Compass' industry relations SVP. Cyndi Eakin was promoted to chief accounting officer.
Marco Santarelli
JULY 12, 2024
Following another quiet spring and increased levels of supply, the Canadian Real Estate Association (CREA) has scaled back its housing market forecast for 2024 and 2025. Here's a deep dive into what prompted this change and what it means for potential buyers and sellers: Canada Housing Market Forecast Revised Interest Rate Expectations Earlier this year, there were significant expectations that interest rates would be cut, providing relief to the housing market.
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Inman
JULY 12, 2024
As luxury clients dream about far-flung escapes this summer, agents should be aware of recent changes to Golden Visa programs — and know where their clients can still invest to gain residency.
RIS Media
JULY 12, 2024
Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. As of July 11, 2024, the average 30-year mortgage rate is 6.89% (down from 6.95% the previous week). The 15-year rate is 6.17% (down from 6.25%). For mortgage rates to come down, interest rates will… The post Mortgage Mix: Powell Grilled on Inflation; Rates Once Again Back Below 7% appeared first on RISMedia.
Inman
JULY 12, 2024
Ernad Mehinovic, RE/MAX Stratus' broker-owner, believes the RE/MAX franchise will provide his new team the tools and resources to produce results.
Bigger Pockets
JULY 12, 2024
New laws in California, New York, and elsewhere could eliminate the former red flags that landlords may have used to disqualify potential renters.
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