Housing Wire

AUGUST 13, 2024

Refinance activity last week hit its highest level since August 2022, when mortgage rates were closer to 5%. But it’s far too early to celebrate. Refinance activity received a major boost last week as mortgage rates declined on the back of expectations that the Federal Reserve will cut interest rates and a possible recession looms. The dollar volume of refinance applications increased 32.8% for the week ending Aug. 9 from the previous week, according to Fannie Mae ’s Refinance Application-

Mortgages 493

Mortgages Loans As-is Marketing 493

Keeping Current Matters

AUGUST 13, 2024

Over the past couple of years, a lot of people have had a hard time buying a home.

Mortgages 325

Mortgages 325

Housing Wire

AUGUST 13, 2024

As more brokerages and agents contemplate moving away from a cooperative compensation model , many are grappling with some tough questions, the most vexing probably being: What do I do if a seller is only willing to contribute part of the buyer broker’s fees, or none at all? According to Anthony Lamacchia , the broker-owner of Lamacchia Realty , he and his agents have seen disputes over buyer broker fees for years, highlighting the importance of having a signed buyer representation agreement , w

Purchase and sale agreement 482

Purchase and sale agreement Agents Brokerage Industrial 482

Real Estate News

AUGUST 13, 2024

The Keller-Williams co-founder told a crowd of the faithful that he sees a soft landing for the economy and success for agents who are ‘ready to jump’ in 2025.

Land 315

Land Marketing Agents 315

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Development

Housing Wire

AUGUST 13, 2024

The Consumer Financial Protection Bureau (CFPB) on Tuesday released an advisory opinion stating that contracts for deed are under federal home lending rules and should provide consumer protections. In these contracts – also known as “land contracts” or “bond for deed” –the seller retains the legal title to a home until the borrower completes all the payments, leading to some “traps,” according to the CFPB.

Mortgages 482

Mortgages Land Lending Finance 482

Real Estate News

AUGUST 13, 2024

Watch the conversation with Zillow’s chief economist as she shares interest rate predictions and how we can get back to “the stable promise” of homeownership.

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Inman

AUGUST 13, 2024

With all the commission confusion as we near the Aug. 17 implementation deadline, compliance expert Summer Goralik is here to answer your burning questions, starting with concessions.

Marketing 195

Marketing As-is Brokerage Agents 195

Housing Wire

AUGUST 13, 2024

As many as half of surveyed U.S. adults said that retiring at age 65 is “unrealistic,” instead saying that age 74 is a more attainable goal to reach full retirement. This is according to a survey conducted by Equitable , a financial services provider. “Equitable’s survey revealed that nearly half of consumers (47%) believe it is unrealistic for them to retire before or at the traditional retirement age of 65,” the re s ults said.

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Staging Development As-is 468

Inman

AUGUST 13, 2024

Veteran Century 21 agent Yuk-Ying Mui, 56, vanished Aug. 9. Rescue teams have narrowed their search to a property outside Toronto she was due to visit on the morning of her disappearance.

Agents 187

Agents Brokerage 187

Housing Wire

AUGUST 13, 2024

The American Land Title Association is making it clear that it won’t have the Consumer Financial Protection Bureau making drastic changes to title insurance without first at least hearing the trade groups thoughts on the issue. In a 15-page letter sent to CFPB Director Rohit Chopra on Aug. 2, the trade group stressed the importance of title insurance.

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Title Mortgages Land Closing costs 468

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.

Industrial

Inman

AUGUST 13, 2024

The "Prefab Hiking House" series of homes designed by OneSpaceHub includes a split-level 40-foot property featuring a sun deck for $48,000 and a single-story home with a terrace priced at $19,000.

Design 185

Design Marketing 185

Housing Wire

AUGUST 13, 2024

Imagine that the local government where you live is invoking eminent domain rights concerning your dear home to build a road or park or let a private developer do as they will (Kelo v. New London in 2005). To make matters worse, there has been no offer to pay you for your home’s fair market and sales value. To add further insult to injury, there is no compensation offer.

Development 467

Development Staging Equity Land 467

Inman

AUGUST 13, 2024

As we face change as an industry, it’s crucial to be able to face that change with confidence in order to be able to thrive, broker Joseph Santini writes. Here’s how to build a tolerance for change.

Industrial 176

Industrial Agents 176

Housing Wire

AUGUST 13, 2024

Kiavi , a San Francisco-based lender for residential real estate investors , announced on Tuesday the closing of a $400 million rated securitization of residential transition loans (RTLs) in an “oversubscribed” transaction. The deal marked Kiavi’s 19th securitization, elevating its total issuance to over $5 billion since it launched its securitization program in 2019, including $1.4 billion in 2024 alone.

Investor 448

Investor Principal Mortgages Residential 448

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Brokerage

Inman

AUGUST 13, 2024

Bernice Ross talks with James Dwiggins about the new rules of the road when it comes to agent compensation and client negotiations.

Agents 175

Agents Brokerage 175

Housing Wire

AUGUST 13, 2024

Influential housing nonprofit Enterprise Community Partners this week submitted a comment letter to the Federal Housing Finance Agency (FHFA) regarding the Duty to Serve (DTS) plans submitted by the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. In its letter, the organization recommended that the GSEs take steps to preserve the affordability of properties financed by the Housing Credit program; commit to energy efficiency goals outlined throughout the Duty to Serve program;

Finance 448

Finance Development Loans Equity 448

Inman

AUGUST 13, 2024

Kiavi has packaged up more than $5.1 billion in "residential transition loans" for sale to investors. The latest deal — the first to be evaluated by a credit rating agency — was oversubscribed and bumped up to $400 million.

Investor 169

Investor Loans Residential Sales 169

Housing Wire

AUGUST 13, 2024

Construction of accessory dwelling units (ADUs) is taking off, but is it bringing down housing costs? A new report from John Burns Real Estate Consulting casts doubt on it, citing uneven geographic distribution of deregulations and the high cost of construction. As a result, the most impactful ADUs are in new construction. California has led the nation in ADU construction since it passed broad legislation at the state level allowing for ADUs on single-family residential lots.

Construction 435

Construction New Construction Equity Residential 435

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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.

Agents

Inman

AUGUST 13, 2024

At Keller Williams' annual Mega Agent Camp, franchise founder Gary Keller and several leaders shared how agents can navigate recession fears and commission confusion with clarity.

Agents 167

Agents Brokerage Mortgages Marketing 167

Housing Wire

AUGUST 13, 2024

Onity Group , parent company of top five reverse mortgage lender and servicer Liberty Reverse Mortgage , will acquire reverse mortgage assets from Mortgage Assets Management, LLC (MAM), a subsidiary of investment funds managed by Waterfall Asset Management. The deal, initially announced by Onity during its Q2 earnings call , suggests that Waterfall is committed to the reverse mortgage space.

Mortgages 434

Mortgages Equity Principal Finance 434

Inman

AUGUST 13, 2024

After unsuccessful negotiation attempts with Oren and Tal Alexander, Chief Growth Officer Nicole Oge, CEO Richard Jordan and President of New Development Andrew Wachtfogel are "forfeiting ownership" of the firm.

Development 166

Development Brokerage Agents 166

Housing Wire

AUGUST 13, 2024

Talk of a potential recession and the impending business practice changes were the overarching themes of the opening session of Keller Williams’ 2024 Mega Agent Camp Tuesday morning. Despite these harsh realities, Gary Keller, the CEO and co-founder of the firm, still had a reassuring message to share with the over 4,700 agents who had gathered in Austin, Texas for the event.

Agents 345

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Agents

Inman

AUGUST 13, 2024

NAR’s commission suit settlement policy changes are coming. If you're worried about fewer deals in your future, maybe it's time to focus on a higher price point, broker Anthony Marguleas writes.

Agents 166

Agents 166

Housing Wire

AUGUST 13, 2024

As an academic and consultant, Mike DelPrete wears many hats. He can now add “sting operative” to his resume. DelPrete managed a team of undercover “secret home shoppers” to test the responsiveness of brokerages to online inquiries on home listings. His team conducted 100 such tests and found significant lapses in how brokerages handled contact with potential buyers.

Agents 345

Agents Brokerage Technology Closing 345

Inman

AUGUST 13, 2024

San Jose, California, a major tech hub, tallied single-family existing-home prices exceeding $2 million in 2Q for the first time since the National Association of Realtors began tracking home prices in 1979.

Marketing 162

Marketing 162

Bigger Pockets

AUGUST 13, 2024

Investors have their checkbooks ready, poised to go on a buying frenzy if interest rates continue to drop. Commercial real estate, in particular, has been decimated in recent years.

Commercial 130

Commercial Investor 130

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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.

Sales

Inman

AUGUST 13, 2024

Two teams in South Carolina and a formerly independent brokerage in North Carolina have joined the firm. The groups are based in Bluffton and Charleston, South Carolina, and Asheville, North Carolina.

Brokerage 160

Brokerage Agents 160

RIS Media

AUGUST 13, 2024

Not homesellers, not homebuyers, not the Department of Justice (DOJ), but real estate agents themselves are now suing the National Association of REALTORS® (NAR) for alleged conspiracy and antitrust behavior, focused on the requirement that agents join NAR and local REALTOR® associations to access the MLS. Filed yesterday in federal court in Michigan by two… The post Brokers Sue NAR, Local Associations Over MLS Membership Requirements appeared first on RISMedia.

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MLS Agents 126

Inman

AUGUST 13, 2024

A defining moment for real estate: Industry leaders unite to navigate challenges and embrace innovation at Inman Connect Las Vegas 2024.

Industrial 158

Industrial 158

RIS Media

AUGUST 13, 2024

There are signs that the market is gradually heading towards more balance across much of the Mid-Atlantic, according to new data from Bright MLS. The Bright MLS July 2024 Housing Report found that new listings are up 5.5% year-to-date, much stronger than 2023. That the number of new listings is higher than the number of… The post REPORT: Mid-Atlantic Housing Market Moving Toward Balance appeared first on RISMedia.

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MLS Marketing Industrial Agents 124

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