Housing Wire
JULY 16, 2024
President Joe Biden released a legislative proposal on Tuesday that’s rankling the real estate industry — nationwide rent control. Biden’s new plan would cap annual rent hikes at 5% for two years for landlords who manage 50 or more rental units, which the administration said would cover 20 million units, or roughly half of all rental units in the country.
Keeping Current Matters
JULY 16, 2024
If you’re trying to decide if you’re ready to buy a home, there’s probably a lot on your mind.
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Housing Wire
JULY 16, 2024
Do we really have a housing crisis? After all, the “homeownership rate” is in the mid 60s — in the middle of the pack of other rich countries, and little different than it’s been for 50 years. But the way we typically measure the homeownership rate — as the number of home-owning households divided by the total number of households — hides the severity of the problem.
Real Estate News
JULY 16, 2024
After criticizing many agreements as “unfair,” The Consumer Federation of America has compiled a list of best practices for the industry.
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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.
Housing Wire
JULY 16, 2024
Favorable economic trends are helping mortgage rates continue the downward trend they’ve been on for the past few months. HousingWire ‘s Mortgage Rates Center showed that the average 30-year conforming loan rate was 7.06% on Tuesday, down from 7.11% a week earlier. The 15-year conforming loan rate showed an even larger pullback, declining from 6.90% to 6.79% during the week.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
JULY 16, 2024
Dallas-based United Real Estate has joined the cohort of brokerage defendants who have settled the commission lawsuits. On Tuesday, United Real Estate announced that it had reached a nationwide settlement in the Gibson commission lawsuit. As part of the settlement, United will pay $3.7 million into a settlement fund. The brokerage said it has also agreed to adhere to certain business practice changes, which are not being disclosed at this time.
Inman
JULY 16, 2024
Homebuilders exhibited little optimism as the housing market showed little improvement month-to-month, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released today.
Housing Wire
JULY 16, 2024
Portfolio Intelligence and Monitoring Servicing a mortgage portfolio is a daunting challenge with hidden risks, requiring a holistic view and strong understanding of your portfolio. Portfolio Intelligence and Monitoring provides the business intelligence you need to make informed decisions. All transaction and property data are sourced automatically in the platform through an enhanced dashboard.
Inman
JULY 16, 2024
3 in 4 Americans are planning to buy the next time they move, but many are overestimating minimum down payment, credit score underwriting requirements, according to a new Fannie Mae study.
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
JULY 16, 2024
VIU by HUB VIU by HUB is a digitally-enabled personal lines brokerage platform that seamlessly integrates into the home-buying experience. Clients can quickly shop, purchase, and manage their insurance in a complex market, thus a timely value-add for customers. For partners, VIU provides new ancillary revenue to off-set rising interest rates and inflation.
Inman
JULY 16, 2024
After brokerages and MLSs reached out, the Consumer Federation of America created criteria focused on whether agreements are readable, understandable, and fair to buyers.
Housing Wire
JULY 16, 2024
Financial Services Cloud + Einstein 1 Financial Services Cloud connects and centralizes customer data from core banking, wealth, and loan origination platforms, creating a single, unified view of the customer. This enables personalized engagement using purpose-built automation. This streamlined approach accelerates customer onboarding, boosts retention with AI-driven sales and service, and delivers smart financial planning insights powered by trustworthy AI.
Inman
JULY 16, 2024
Nine months after signing an enterprise deal with Anywhere, California-based proptech leader RealScout has extended its reach to include Sotheby's International Realty's company-owned locations. Agents at SIR's company-owned locations will have full access to the RealScout platform, which includes a branded home search portal, interactive side-by-side listing comparisons, social media tools, lead management and distribution, and several other agent and broker-focused support features.
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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
JULY 16, 2024
Solex ® Solex ® delivers an end-to-end digital mortgage closing solution, integrating eDelivery, eSign, eClose, eVault, and more, to streamline transactions, boost efficiency, ensure compliance, and enhance the experience for lenders, borrowers, and settlement agents. Combined with ConformX ® , our digital document generation engine, lenders gain a complete suite for their document solution needs.
Inman
JULY 16, 2024
Appraisal management company Solidifi and lending giant Rocket Mortgage are also charged with violating the Fair Housing Act. Rocket says it expects to prevail.
Housing Wire
JULY 16, 2024
Even as a federal law designed to protect income for retirees turns 50 this year, the cry to reform retirement benefits seems to be growing louder than ever. This rising chorus includes The New York Times, which recently published an article titled, “ The $25 Trillion System of Retirement Savings Needs Fixing. ” It offers expert opinions on several ways to shore up fiscal protections for private retirement accounts and argues for an expansion of Social Security benefits.
Inman
JULY 16, 2024
North Carolina Regional MLS's subscriber count is now more than 19,000 after adding Savannah MLS, Classic MLS and Realtors of Greater Augusta as owners, executives told Inman.
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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
JULY 16, 2024
VestaPlus , a software development firm known for its MLS solutions geared toward agents, has entered into a strategic partnership with the Staten Island Board of Realtors. The partnership includes the licensing of VestaPlus’ Checkmate Listing Violation Detection software to Staten Island MLS (SIMLS). SIMLS, which has more than 2,300 members, said the use of Checkmate will improve its compliance processes.
Inman
JULY 16, 2024
Engel & Völkers has entered the Portland, Oregon, market with the opening of its new location, Engel & Völkers Portland Rose City, the firm announced today.
Housing Wire
JULY 16, 2024
HomeSmart International has joined the growing list of brokerages that have settled the commission lawsuits. The firm filed a notice of its nationwide settlement agreement on Tuesday in the consolidated Gibson and Umpa suits. The runner entered into the Gibson suit docket does not include details of the settlement and HomeSmart has not responded to HousingWire ’s request for comment.
Inman
JULY 16, 2024
Consider this a resource roundup to guide you through the changes you'll make, the client conversations and even the mindset shifts that are necessary right now.
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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.
Housing Wire
JULY 16, 2024
The state of Montana may not be a key source of business for the reverse mortgage industry, but that doesn’t negate the reality that seniors who reside there might find the product useful for reaching some kind of financial goal. That can be a challenge if they live in an unusual or uniquely constructed home, or if they live on a vast stretch of land with few neighbors.
Inman
JULY 16, 2024
More than 7,500 loan officers in all 50 states and Washington, D.C., have access to cash offers that can be approved in as little as an hour, with NEO Home Loans and American Financial Network among the biggest partners.
Housing Wire
JULY 16, 2024
Mortgage insurer Radian Group plans to lay off 70 employees in Pennsylvania in September, according to a Worker Adjustment and Retraining Notification (WARN) sent to the state’s Department of Labor and Industry. The jobs cut will affect Radian’s corporate headquarters in Delaware County, with the separations expected to happen on Sept. 13.
Inman
JULY 16, 2024
Real estate data is incredibly important to a variety of industries, and there's a cost to produce it, Sam DeBord writes. Those who do so should be properly compensated.
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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.
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