Housing Wire
AUGUST 9, 2024
As the portal wars have heated up, Realtor.com’ s revenue has cooled off. During the fiscal year fourth quarter Move, Inc., the parent company of Realtor.com , recorded a 2% annual decrease in revenue to $143 million, according to an announcement on Thursday. NewsCorp , the parent company of Move, attributed the decline to higher mortgage rates and macroeconomic headwinds.
Keeping Current Matters
AUGUST 9, 2024
If you’re thinking about selling your house, it’s important to know what the home inspection is and what inspectors look for.
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Housing Wire
AUGUST 9, 2024
The reverse mortgage industry’s key performance indicators were split in July, according to data from industry analysts. Home Equity Conversion Mortgage (HECM) endorsements increased by 8% from June to July, with the total of 2,274 falling reasonably in line with Federal Housing Administration (FHA) HECM case numbers. This is according to data compiled by Reverse Market Insight (RMI).
Real Estate News
AUGUST 9, 2024
Agent count has also continued to decline, and CEO Erik Carlson said they are looking at all aspects of their business in preparation for an industry rebound.
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Housing Wire
AUGUST 9, 2024
“Gray divorce” — referring to the decision of a married couple over the age of 50 to separate — is a growing phenomenon. According to a 2022 study published in the Journals of Gerontology, the rate of divorce among those ages 50 and older has doubled since 1990 and has tripled for those 65 or older. Gray divorce can come with a myriad of financial headaches for those determining what post-married life will look like and how previously intertwined financial situations can be separated.
Real Estate News
AUGUST 9, 2024
"Powered by Offerpad" supports the iBuyer's agent partners; Peerage gets Rechat tools; Audience Town adds builder analytics; Rexdat offers listings platform.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Inman
AUGUST 9, 2024
Cloud banking software provider maintains steady growth in consumer banking revenue, while reversing the decline in its main line of business of providing services to mortgage lenders.
Housing Wire
AUGUST 9, 2024
Standing your ground. It’s a phrase we often hear, but its importance cannot be overstated in the real estate business. The ability to hold firm to your values, worth, and business practices is not just a strategy; it’s a necessity. As the CEO of a multi-state real estate brokerage , I have witnessed firsthand the importance of this principle.
Inman
AUGUST 9, 2024
A surprise drop in mortgage rates got homebuyers off the sidelines and into home tours. However, affordability and recessionary concerns have kept buyers from making purchases.
Housing Wire
AUGUST 9, 2024
In a recent episode of the Real Estate Insiders Unfiltered Podcast, the hosts dive into commission sharing practices for agents, the associated risks and the alternatives ahead of the National Association of Realtors ‘ (NAR) business practice changes that are set to take effect on Aug 17. Co-hosts James Dwiggins and Keith Robinson urge agents to stop sharing commissions and discuss ways that listing agents can put their seller’s needs first while avoiding legal trouble and creating an exc
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.
Inman
AUGUST 9, 2024
The iBuyer declined to confirm how many employees have been let go. Recent SEC filings show widespread cuts compared to a year earlier.
Housing Wire
AUGUST 9, 2024
Editor in Chief Sarah Wheeler sat down with Melissa Langdale, president and chief operating officer of The Mortgage Collaborative , to talk about the recent FHFA TechSprint focused on gen AI use cases in housing. The use case developed by Langdale and her team was recognized as the most promising use case of gen AI for consumer experience. FHFA’s second annual tech sprint featured 12 teams that presented use cases in four areas: consumer experience, assessing creditworthiness, operations a
Inman
AUGUST 9, 2024
Housing affects every aspect of American life, Rachael Hite writes. This election, discover how each presidential candidate plans to reshape housing.
Housing Wire
AUGUST 9, 2024
Mortgage tech firm Blend Labs delivered another loss in the second quarter of 2024 even as it signed deals with new customers across the mortgage and consumer banking channels. But executives expect a shift in the landscape due to declining interest rates , which may help them achieve profitability in the final three months of the year. “The bond market seems to be signaling that the Federal Reserve ’s target rate could end the year potentially more than 100 basis points lower than where we’ve b
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Inman
AUGUST 9, 2024
There is a good deal of feature overlap between the Lofty and Firepoint, with both providing the market website creation and content management, AI assistants and lead generation and oversight. However, Lofty ventures into transaction management, omnichannel lead-gen and as of recently, property management.
Housing Wire
AUGUST 9, 2024
HomeServices of America is one step closer to moving on from the home seller commission lawsuits. On Thursday, Judge Stephen R. Bough — who is overseeing the Sitzer/Burnett and Gibson/Umpa commission cases — granted preliminary approval to the brokerage firm’s settlement agreement. “The Court finds that the proposed Settlement with HomeServices, as set forth in the Settlement Agreement, is fair, reasonable and adequate, the class representatives have adequately represented the class, the Settlem
Inman
AUGUST 9, 2024
Consumer guides from the trade group offer a contrast to previous messaging but also continue to promote pre-emptive offers of compensation to buyer agents.
Bigger Pockets
AUGUST 9, 2024
Where will the housing market be by 2025?
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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
AUGUST 9, 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.
Bigger Pockets
AUGUST 9, 2024
Learn to identify red flags in property management, take action when your provider fails, and choose a replacement to protect your rental investment.
Inman
AUGUST 9, 2024
Austin, Texas-based fintech's flagship product, "The Trade-In Mortgage," helps homebuyers make non-contingent offers and removes their current house from debt-to-income calculation.
Bigger Pockets
AUGUST 9, 2024
Electric vehicle sales are rising. Does it make sense to add an EV charging station at your property, and can you raise rent accordingly?
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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.
Inman
AUGUST 9, 2024
The Engel & Völkers Americas president and CEO took time to chat with Inman and shared why agents should be concentrating on relationships — not confusion around commission lawsuits.
RIS Media
AUGUST 9, 2024
When it comes to successfully guiding clients through the real estate process, transparency is key. Proving your worth and value as a real estate professional is critical—and perhaps even more important today, given the policy changes required under the National Association of REALTORS®’ (NAR) Settlement Agreement in the seller commission cases taking effect this month. … The post Navigating Mandatory Changes Following the NAR Settlement appeared first on RISMedia.
Inman
AUGUST 9, 2024
HomeServices previously agreed to pay $250 million to settle various commission suits. A final approval hearing is set for November.
RIS Media
AUGUST 9, 2024
On July 24, the U.S. House of Representatives’ committee on financial services (HFSC) subcommittee on housing and insurance held a hearing, “Housing Solutions: Cutting through Government Red Tape.” Topics and ideas discussed were primarily related to examining regulatory barriers and other hot-button housing topics. But, a central theme of discussion was rent control, which was… The post Congress, Biden Administration and Landlords Debate Over Rent Control appeared first on RISMedia.
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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.
Inman
AUGUST 9, 2024
At least five agents based in New York and Miami have left the firm in about the last week. Previously, West Coast founding broker Tyrone McKillen had also left the Side-backed brokerage.
RIS Media
AUGUST 9, 2024
Anthony Lamacchia was named 2024 REALTOR® of the Year by the Greater Boston Association of REALTORS® at its Annual Awards & Networking Breakfast in Boston. “I am honored to receive this recognition and would like to express my sincere gratitude to everyone who participated in the selection process,” said Lamacchia. “It’s a privilege to be… The post Anthony Lamacchia Named GBAR 2024 REALTOR® of the Year appeared first on RISMedia.
Inman
AUGUST 9, 2024
Expedia Group met the high end of its earnings expectations for the second quarter of 2024, despite a challenging macro environment and softening travel demand, according to an earnings report released Thursday.
RIS Media
AUGUST 9, 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. Per the latest survey by Freddie Mac, mortgage rates experienced a noticeable drop during the first week of August 2024–the lowest rate in over a year, in fact. The 30-year mortgage rate is 6.47%, down… The post Mortgage Mix: Rates Dip Sharply; Major Lender Prepping for Refinance Boom appeared first on RISMedia.
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