Mon.Jul 22, 2024

article thumbnail

Housing demand stalls as buyers wait for lower rates

Housing Wire

Mortgage rates have come down with recent positive inflation news. However, they are still higher than they were six months ago. I think rates are on the verge of going lower. Will consumers respond? I expect that mortgage rates under 6.75% and moving towards 6.5% will shake homebuyers into action, but we certainly can’t see it in the data yet. New pendings this week came in significantly below last year at this time.

Sales 484
article thumbnail

Buyer agreements cannot be required, Colorado official says

Real Estate News

A letter to the state’s Realtor association also calls out consumer complaints about being “ensnared in contracts with brokers” they don’t want to work with.

313
313
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Alita Group president discusses alternative to traditional title insurance

Housing Wire

In a recent episode of “Ten Minute Talks,” HousingWire President Diego Sanchez and Alita Group President Stacy Mestayer discussed an alternative option to title insurance. Mestayer started her career in corporate law before founding the Alita Group, which began as a technology company and eventually created the attorney opinion letter (AOL) product that acts as an alternative to traditional title insurance.

Title 445
article thumbnail

A top eXp exec jumps to fast-growing cloud-based brokerage

Real Estate News

Former eXp Chief Growth Officer Michael Valdes will spearhead the international expansion of LPT Realty, which he says is perfecting the model eXp pioneered.

Brokerage 274
article thumbnail

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.

article thumbnail

DocMagic founder Dominic Iannitti has died

Housing Wire

Dominic Iannitti, a veteran mortgage technology leader who founded DocMagic and served as its CEO, died July 18, according to a company announcement on Monday. Iannitti, 60, died due to complications from pneumonia. He founded DocMagic in 1987 alongside Pat Theodora, his chief financial officer, who will become the company’s new CEO. The company provides a number of e-mortgage services, including remote online notarizations (RONs). “The entire family at DocMagic is deeply saddened by

article thumbnail

KW surpasses $2B in profit shares

Real Estate News

The profit-share program, which made headlines last year after the company proposed changes, hit a new milestone with the multibillion-dollar figure.

249
249

More Trending

article thumbnail

How Affordability and Remote Work Are Changing Where People Live

Keeping Current Matters

There’s an interesting trend happening in the housing market.

Marketing 311
article thumbnail

How to become a part-time real estate agent & get clients — fast

Housing Wire

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Watch any of the glamorous pseudo-reality real estate shows on TV, and you might be tempted to become a part-time real estate agent. There’s a ton of money to be made just by opening doors and looking glamorous — Right?

Agents 438
article thumbnail

Michael Valdes leaves eXp to lead LPT Realty global division

Inman

After four years at eXp Realty, Michael Valdes is moving to LPT Realty. After surpassing 10,000 agents in the U.S., the Florida-based brokerage is ready to expand internationally, executives told Inman.

Brokerage 187
article thumbnail

San Diego MLS partners with VestaPlus on compliance technology

Housing Wire

VestaPlus , a software development firm known for its MLS solutions geared to real estate agents, has entered into a strategic partnership with California -based San Diego MLS. The partnership includes the licensing of VestaPlus’ Checkmate Listing Violation Detection software to SDMLS. According to an announcement, the software can automatically detect and remediate listing descriptions and photos that do not comply with the terms the National Association of Realtors ‘ nationwide commiss

MLS 435
article thumbnail

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.

article thumbnail

Homebuyers dig the NAR deal until they learn the details: Intel survey

Inman

Even if the settlement brings down commissions overall, buyers grow warier the more they learn about what the policy means for them, according to the latest Inman-Dig Insights consumer poll.

Brokerage 183
article thumbnail

FHA reports that all tech outage issues have been resolved

Housing Wire

The Federal Housing Administration (FHA) on Monday announced that its computer systems, including FHA Connection (FHAC) — which provides FHA-approved lenders and business partners with secure online access to computer systems at the U.S. Department of Housing and Urban Development (HUD) — have been restored as of Monday morning following a global tech outage on Friday.

article thumbnail

A pivotal moment: Take the Inman Intel Index survey for July

Inman

The Inman Intel Index goes beyond sentiment and trends by tapping into the industry's most engaged community. Add your voice to real estate's most ambitious monthly survey today.

article thumbnail

HUD announces $175M funding opportunity for rental construction, renovation

Housing Wire

The U.S. Department of Housing and Urban Development (HUD) on Monday announced a new $175 million notice of funding opportunity (NOFO) under its Continuum of Care (CoC) program, which will go toward the development of new rental housing units with “supportive services for people experiencing homelessness ,” the department explained. This particular funding opportunity is designed to impact communities with demographic and size variations by setting aside $65 million for CoCs that are “located in

article thumbnail

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.

article thumbnail

Eyeing next refi boom, lenders plan to maintain or grow payrolls

Inman

Lending industry leaders surveyed by Fannie Mae see the lack of housing supply as the biggest risk factor in 2024, but most expect refinancing to pick up next year if rates continue to fall.

Lending 178
article thumbnail

Dave Liniger discusses AI and the evolution of the real estate industry

Housing Wire

Since starting his career in the real estate industry more than five decades ago, Dave Liniger , the co-founder of RE/MAX , has seen and experienced quite a bit of change and innovation. While the emergence of technology tools is not new to the industry, the latest wave of artificial intelligence (AI)-driven technology is unlike many others that have come before.

article thumbnail

3 things to consider in today’s ‘golden age of M&As’

Inman

Mergers and acquisitions are key for brokerage leaders. Whether you're a franchisee or an entrepreneur, be aware of industry shifts when considering this route.

Brokerage 170
article thumbnail

Erik Morin reflects on his return to the reverse mortgage appraisal space

Housing Wire

Last April, Erik Morin made a return to the reverse mortgage valuation space by joining appraisal and valuation company Atlas VMS. Morin founded Landmark Network in 2007, a company that quickly became a key player on the valuation side of the reverse mortgage space before being acquired by Class Valuation in 2018. After leaving that company, he returned to the space in 2023.

Mortgages 423
article thumbnail

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.

article thumbnail

Sagent hires Mr. Cooper vet Jaime Gow to grow new servicing platform

Inman

In what's shaping up to be transformational year for the company, Sagent has revamped its leadership and launched Dara platform to handle every phase of mortgage loan servicing.

Loans 163
article thumbnail

Sidekick and OneKey MLS enter strategic partnership

Housing Wire

Artificial Intelligence -powered real estate assistant platform Sidekick announced its newest strategic partnership on Monday. The company is teaming up with OneKey MLS to provide more than 45,000 MLS subscribers across the New York City metro area with access to Sidekick-integrated datasets and AI-powered workflows. “ We are thrilled to join forces with OneKey MLS to support the way their members leverage AI to conduct and grow their businesses,” Michael Martin, the co-founder and co-CEO

MLS 419
article thumbnail

The analyst who predicted a 30% fall in commissions has more to say

Inman

Veteran KBW analyst Ryan Tomasello will be talking about the "watershed moment" that could lead to consolidation and innovation across the real estate industry at Inman Connect Las Vegas.

article thumbnail

Consolidated Analytics’ Ed Gerding: The pillars of QC in action

Housing Wire

Zeb Lowe: In our initial conversation, you told me that a robust quality control program promotes community stability and supports first-time homebuyers in achieving their homeownership dreams. Can you connect those dots for me? Ed Gerding: Sure. Well established and effective quality control programs contribute to community stability by promoting responsible lending practices and ensuring the accuracy of the data obtained through the property appraisal process.

VA loan 418
article thumbnail

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.

article thumbnail

Lesson Learned: Cultivate trust and respect with competitors

Inman

Find out how NYC agent Andrea Saturno-Sanjana puts her unique skillset and global perspective to work in serving clients and connecting with colleagues.

Agents 170
article thumbnail

How to Negotiate Offers on Your Home: A Step-by-Step Guide

RIS Media

Negotiating offers on your home can be challenging yet rewarding. My guide will help you navigate this crucial phase, ensuring you get the best deal possible. I have put significant effort into explaining the following points in detail: Step-by-step negotiation tactics for homeowners How market conditions impact your negotiation strategy Effective methods for handling multiple… The post How to Negotiate Offers on Your Home: A Step-by-Step Guide appeared first on RISMedia.

Marketing 143
article thumbnail

Sidekick, OneKey MLS agree to new tech partnership

Inman

Sidekick has agreed to terms with OneKey MLS to be a partner for its more than 45,000 agents in the New York City MSA.

MLS 183
article thumbnail

Ex-eXp Exec Michael Valdes Named CEO of New LPT International Division

RIS Media

When Robert Palmer, founder and CEO of LPT Holdings and LPT Realty, and Michael Valdes, then the chief growth officer of eXp Realty, first met in Tampa Bay at CoStar Group CEO Andy Florance’s Super Bowl suite networking party last February, they hoped to do what most do at such events—enjoy the action on the… The post Ex-eXp Exec Michael Valdes Named CEO of New LPT International Division appeared first on RISMedia.

MLS 124
article thumbnail

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.

article thumbnail

Former Burger King CEO snags $17M Emory Roth penthouse

Inman

Daniel Schwartz, former chief executive of Burger King, stepped away from the fast-food giant in 2019. Now, he's stepping into a $17 million penthouse.

162
162
article thumbnail

Judge Allows Pocket-Listing Lawsuit to Move Forward ‘Immediately’

RIS Media

A district court judge is allowing a lawsuit by a pocket listing company that was previously dismissed to go forward, after an appeals court in a separate case overturned the dismissal. The case titled Top Agent Network v. National Association of REALTORS et al, which is focused on “clear cooperation,” was originally filed back in… The post Judge Allows Pocket-Listing Lawsuit to Move Forward ‘Immediately’ appeared first on RISMedia.

Title 122
article thumbnail

OpenAI CEO sues developer over $27M ‘lemon’ he bought in 2020

Inman

OpenAI boss Sam Altman sued embattled developer Troon Pacific over shoddy workmanship that allegedly included defects in a pool's waterproofing and a so-called "Batcave," according to reports.

article thumbnail

Howard Hanna Real Estate Services Introduces the Buy & Borrow Bundle

RIS Media

Howard Hanna Real Estate Services has announced the launch of its new Buy & Borrow Bundle program. This initiative is a move to underscore the Hanna family’s commitment to making homeownership achievable for individuals across the country. The company stated it designed the Buy & Borrow Bundle program to streamline the home-buying process, offering comprehensive… The post Howard Hanna Real Estate Services Introduces the Buy & Borrow Bundle appeared first on RISMedia.

Design 119
article thumbnail

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.