Thu.Jul 18, 2024

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Consumer watchdog releases criteria for evaluating buyer agency agreements

Housing Wire

After slamming the California Association of Realtors (CAR) for a draft of its buyer representation agreement, the Consumer Federation of America (CFA) on Tuesday released its proposed criteria for evaluating buyer representation agreements. The CFA said the proposed criteria was created after the group received requests from several unnamed real estate companies.

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Mortgage rates tumble; time for buyers to ‘get serious’

Real Estate News

Despite falling rates, homebuyer demand remains weak. Now could be a chance to make offers before inventory tightens and prices rise further, one expert says.

Mortgages 307
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Raleigh, Nashville top list of millennial homebuyer hot spots: SmartAsset

Housing Wire

Millennials are once again the largest group of homebuyers in the country. In some metro areas, they are buying homes at rates up to 13 times higher than other areas. A report released this week by personal finance website SmartAsset analyzed data from the U.S. Census Bureau and the Home Mortgage Disclosure Act (HMDA) across the 40 largest U.S. metro areas to determine the top markets for millennial homebuyers.

Loans 453
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Foreign purchases of U.S. homes falls to the lowest level on record

Real Estate News

A new report shows major drops in international purchases of U.S. real estate, at a time when legal efforts to restrict buyers from certain countries ramped up.

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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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Propy, Parcl announce partnership to bring analytics to NFT real estate

Housing Wire

What happens when you combine a decentralized application (dApp) tokenization platform with a decentralized finance (DeFi) protocol built on real-time data? Other than an intriguing word salad, two real estate proptech startups believe it means very good things for property owners using nonfungible tokens (NFTs). Propy and Parcl announced a strategic partnership on Thursday in which they hope Parcl’s data integrations will improve the analytics for assessing real estate minted on the dApp PropyK

Finance 458
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'Unfiltered' podcast: Tech, brokerage CEO on life after iBuying

Real Estate News

Watch the conversation as Lane Hornung of zavvie and 8z explains what agents need to know about “power buying” and innovations in financing to show real value.

Brokerage 232

More Trending

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Unlocking Homebuyer Opportunities in 2024

Keeping Current Matters

There’s no arguing this past year has been difficult for homebuyers.

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Lower rates could support a $2.7T refinance rally: Jefferies

Housing Wire

Amid expectations that the Federal Reserve will cut benchmark interest rates in the coming months, analysts at investment banking company Jefferies anticipate that mortgage rates could reach 6.5% at the end of 2024 and 5.75% in 2025, unlocking $2.7 trillion in refinancing opportunities. “Recent economic data supports a path toward rate cuts and, therefore, a refinance rally,” Jefferies analysts Derek Sommers and John Hecht wrote in a report released Thursday.

Principal 445
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Despite declines, rents are still $305 higher than pre-2020 trends

Inman

Despite 11 months of declines, Realtor.com said the typical renter is paying $305 more monthly for an apartment compared to 2019. The greatest rent increases are in Florida and the Midwest.

Marketing 185
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Sagent hires former Mr. Cooper executive Jaime Gow as CFO 

Housing Wire

Fintech Sagent hired Jaime Gow, a former executive at Mr. Cooper and First Horizon Bank , as its new chief financial officer. The hiring coincided with the departure of the company’s chief technology officer, Uday Devalla. Warburg Pincus -backed Sagent highlighted Gow’s background in servicing as a reason for hiring him. That’s the exact space in the mortgage industry that the company wants to target with its software platform, Dara , which was launched in February.

Banks 441
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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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Yes, you can talk politics on social media. Here’s how

Inman

Is it still impolite to talk about politics? Maybe not, and social media expert Jessi Healey says talking about it might gain you more followers than you think.

Marketing 189
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Trade groups issue extension request for comments on Reg X changes

Housing Wire

A coalition of eight trade groups — including the Housing Policy Council (HPC), the Mortgage Bankers Association (MBA) and the Community Home Lenders of America (CHLA) — have requested additional time from the Consumer Financial Protection Bureau (CFPB) to comment on proposed changes to Regulation X , which implements the Real Estate Settlement and Procedures Act (RESPA).

Mortgages 418
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Ed Zorn to the real estate industry: Get rid of commission-sharing now

Inman

The attorney and broker dives into the nuances of seller concessions, steering, buyer agents' jobs, and avoiding future antitrust trouble ahead of his appearances at Inman Connect Las Vegas.

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Realtor scripts for managing seller expectations

Housing Wire

We all know that sellers hear what they want to hear and believe what they want to believe when it comes to how market conditions will impact the sale of their home. They believe their home is special and people will be knocking on the door with full price offers within days of hitting the market. When that doesn’t happen, who do they blame? The agent , of course!

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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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7 things that are a complete waste of time (but agents still do them)

Inman

Are you spending time on things that simply don't matter to your professional growth or the growth of your business? Jimmy Burgess offers a list of things you may be doing that are counter-productive.

Agents 170
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Industry veteran Tripti Kasal joins LeadingRE’s leadership team

Housing Wire

Leading Real Estate Companies of the World is joining the wave of firms strengthening its leadership team. On Wednesday, the Chicago-based firm announced that it is welcoming Tripti Kasal to it leadership team. Kasal will serve in a newly created role as LeadingRE’s senior vice president of member engagement. In this role Kasal will lead LeadingRE’s U.S. membership services team, with a focus on increasing member engagement and matching members with resources from LeadingRE’s Solutions Group.

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Coldwell Banker adds generative AI to Listing Concierge platform

Inman

With its new capabilities, the platform will allow agents and concierge coordinators to automate the generation of listing descriptions, image captions and property attributes "in minutes," the firm told Inman.

Agents 174
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Waltz launches streamlined financing option for international homebuyers

Housing Wire

Miami -based startup Waltz Inc. launched on Wednesday to serve international investors in U.S. real estate with a fast, digital mortgage process. The company is initially working in nine states with plans to expand. “Investing in anything nowadays takes just a few clicks, unless you’re a foreign citizen investing in U.S. property,” Yuval Golan, founder and CEO of Waltz, said in a statement. “From my experiences investing globally and in the U.S., I wanted to make the proc

Finance 408
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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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Nan & Co launches auction division with FasciaBlaster mansion

Inman

Houston-based Nan & Company Properties has launched an auction division, with the initial bidding centered on a Friendswood mansion, the company announced.

Brokerage 172
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FHA proposes updates to reverse mortgage debenture interest rates

Housing Wire

The Federal Housing Administration (FHA) this week published a new proposed policy for the Home Equity Conversion Mortgage ( HECM ) program, which would update the way debenture interest rates for HECM loans operate. The draft Mortgagee Letter (ML) “proposes updates to HUD’s calculations for the payment of debenture interest for HECM claims and establishes a process for retroactively adjusting the calculation of debenture interest for claims filed on HECMs that became due and payable on or after

Mortgages 404
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Regulators modernizing giant database of mortgage pros

Inman

Launched in the midst of the 2008 financial crisis to weed out bad actors, the Nationwide Multistate Licensing System & Registry (NMLS) is scheduled to be updated this weekend as part of a long-term modernization project.

Mortgages 163
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Brooke Anderson-Tompkins on being an AI optimist

Housing Wire

In part 2 of a wide-ranging interview with Editor in Chief Sarah Wheeler, Brooke Anderson-Tompkins talks about the right time to start implementing AI and why she’s an AI optimist. 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).

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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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Southernmost home in US hits market for $18.5M in Key West

Inman

Built in 1958, the mid-century home is a historical landmark. The estate is owned by Cecilia Joyce Johnson, the widow of late American artist Seward Johnson II, who passed away in 2020.

Marketing 153
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FOA announces effective date for reverse stock split

Housing Wire

Finance of America , the reverse mortgage industry’s leading lender, announced this week that its planned reverse stock split will take place as scheduled on July 25. The plan, initially announced last month , involves consolidating the available shares in the company into fewer, higher-priced shares. Faced with the prospect of being delisted from the New York Stock Exchange (NYSE) due to noncompliance with the exchange’s listing standard, the company sees this move as necessary to shore up its

Finance 391
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The rules are changing. Here’s how to stay afloat in the days ahead

Inman

By approaching change with a positive, growth mindset and intentionality, coaches Emily Bossert and Melanie Klein write, you'll be ready for whatever comes next in business and life.

MLS 149
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Move asks court to block CoStar from accessing allegedly stolen files

Housing Wire

Thing are heating up in Move Inc. ’s ongoing battle with CoStar Group. On Monday, Move (the parent company of Realtor.com ) filed a motion for a preliminary injunction in the suit it filed earlier this month against CoStar, the parent company of Realtor.com rival Homes.com , and James Kaminsky, a former Move employee who now works for Homes.com. In the complaint, Move alleges that Kaminsky stole trade secrets to help fuel the rapid growth of Homes.com.

Title 380
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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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Teams Spotlight: Matt McKee, The McKee Group at Compass

Inman

Find out how this Central Florida team leader moved from a career in amusement parks to the roller coaster of real estate.

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Court Allows Partition Sale of Bed Stuy Home in Family for 75 Years

Brownstoner

Ayisha Doyle, like her mother and her children, was raised in the grand brownstone on Jefferson Avenue in Bed Stuy. She still calls the house home, one of five generations of her family who have done so since her great-grandparents purchased the 1880s single-family house in the 1940s. With her mother,… Read More > The post Court Allows Partition Sale of Bed Stuy Home in Family for 75 Years appeared first on Brownstoner.

Sales 145
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SERHANT. welcomes the True North Team from Compass

Inman

The firm also recently brought on former Corcoran Rookie of the Year Eric Shostak, in addition to the top-earning team, Inman has learned.

Brokerage 155
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Preparing Your Home for Sale During a Divorce: A Step-by-Step Guide

RIS Media

Divorce is a challenging time and selling a home adds complexity. My guide offers a step-by-step approach to preparing your house for sale during a divorce, addressing legal, financial and emotional considerations. I have put considerable effort into educating you on the following topics: How to navigate the legal considerations of selling a home during… The post Preparing Your Home for Sale During a Divorce: A Step-by-Step Guide appeared first on RISMedia.

Sales 136
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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.