Housing Wire

FEBRUARY 15, 2024

Among homeowners who have a mortgage escrow account, only 52% fully understand how the account works, according to survey results released Thursday by property tax services provider LERETA. More than 80% of survey respondents said they know what an escrow account is and its primary purpose — to pay property taxes and other expenses, such as homeowners insurance , flood insurance and mortgage insurance premiums.

Fixed-rate mortgage 504

Fixed-rate mortgage Equity Mortgages Loans 504

Real Estate News

FEBRUARY 15, 2024

A statement of interest filed late Thursday by the Department of Justice savages the proposed MLS PIN settlement, and calls out MLSs for limiting competition.

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MLS Agents 345

Housing Wire

FEBRUARY 15, 2024

The preference that older Americans have for aging in place in their own homes is showing up in broader trend data, according to a new report from Redfin. While “homeowner tenure” has fallen slightly since its 2020 peak, the length of time that homeowners are remaining in their properties doubled to 11.9 years last year, up from 6.5 years in 2005, according to a Redfin analysis of median U.S. homeowner tenure by year using county records.

New Construction 488

New Construction Construction Mortgages As-is 488

Keeping Current Matters

FEBRUARY 15, 2024

Based on what you’re hearing in the news about home prices, you may be worried they’re falling.

Marketing 329

Marketing 329

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

Housing Wire

FEBRUARY 15, 2024

The combination of high home prices and insufficient savings for a down payment makes it challenging for first-time homebuyers to pull the trigger on a property purchase. But the good news is, more buyers have become aware of down payment assistance (DPA) options and are tapping into available resources for help, said Susanne Saller, a senior consultant at Caliber Home Loans.

FHA loan 476

FHA loan Loans Closing costs Loan Officer 476

Real Estate News

FEBRUARY 15, 2024

Net losses for the year improved, however. CEO Ryan Schneider pointed to debt reduction and settlements as wins, and spoke favorably about buyer agreements.

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201

Real Estate News

FEBRUARY 15, 2024

The leading iBuyer lost $275 million in 2023, but that was less than a fifth of 2022 losses. Now the focus is “sustainable” growth of the business.

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208

Housing Wire

FEBRUARY 15, 2024

Mortgage rates climbed 13 basis points this week on the back of Tuesday’s strong inflation reading. The 30-year fixed-rate mortgage averaged 6.77% as of Feb. 15, an increase from last week ’s figure of 6.64%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday. Meanwhile, the 15-year fixed rate averaged 6.12% this week, up from 5.90% during the prior week.

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Mortgages Fixed-rate mortgage MLS Loans 463

Real Estate News

FEBRUARY 15, 2024

The 30-year fixed rate rose to 6.77% this week, the highest level since mid-December.

Mortgages 261

Mortgages 261

Housing Wire

FEBRUARY 15, 2024

Homebuilder confidence shot up for the third straight month in February as builders await future rate cuts by the Federal Reserve. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) climbed four points to 48 in February, its highest level since August 2023. The HMI is a monthly survey that gauges NAHB members’ perceptions of newly built single-family home sales, expected sales for the next six months and potential homebuyer traffic.

Sales 469

Sales Construction Development Mortgages 469

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Brokerage

Inman

FEBRUARY 15, 2024

DeLeon Realty in Silicon Valley began advertising commissions of 3.5 percent or less for homesellers who choose to work with the firm. The marketing push appeared in the mail and social media this week.

Brokerage 195

Brokerage Marketing MLS Agents 195

Housing Wire

FEBRUARY 15, 2024

Nearly a dozen real estate industry firms have been named as defendants in the 118 data privacy lawsuits filed in the Superior Court of New Jersey over the past 10 days by Atlas Data Privacy Corp. The lawsuits allege that the defendants, which are referred to as “data brokers,” have violated a law that prohibits the disclosure of home addresses and unpublished home phone numbers for judges, law enforcement officers, prosecutors and their families.

As-is 440

As-is Industrial 440

Inman

FEBRUARY 15, 2024

Broker and reality television legend Ryan Serhant headlines an all-star roster of the industry's most compelling voices for the second-annual Inman Global Real Estate Influencers program.

Industrial 201

Industrial Technology Agents 201

Housing Wire

FEBRUARY 15, 2024

The parties involved in the Nosalek commission lawsuit got a sweet treat for Valentine’s Day from Judge Patti B. Saris. After three weeks of going back and forth, Saris granted the plaintiffs’ motion to administratively stay the lawsuit. As a result, the docket was listed as closed as of Thursday morning before being reopened at midday. That’s because the deadline for the Department of Justice (DOJ) to file its statement of interest in the MLS Property Information Network (MLS PIN) settlement ag

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Closing MLS Brokerage As-is 433

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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

FEBRUARY 15, 2024

The trade group will not take on pet projects for the duration of NAR President Kevin Sears' tenure, which is slated to last until November 2025, he told NAR's Board of Directors Wednesday morning.

MLS 180

MLS Brokerage Agents 180

Housing Wire

FEBRUARY 15, 2024

Opportunity in the current mortgage market may be challenging to find — and that could arguably be truer for those who offer reverse mortgage products for clients. Still, reverse mortgage professionals are always keeping their eyes peeled, and a group of them shared what they’re looking out for in 2024 for their businesses. To get the lay of the land, RMD spoke to front-line reverse mortgage originators Jim Cullen in Green Bay, Wisconsin; David Heilman in Mount Pleasant, South Carolina; and Bruc

Mortgages 423

Mortgages Banks Equity Land 423

Inman

FEBRUARY 15, 2024

The real estate brokerage and franchisor posted $5.6 billion in revenue during a grueling 2023 while losses improved to $97 million, according to a full-year earnings call on Thursday morning.

Brokerage 168

Brokerage Marketing 168

Housing Wire

FEBRUARY 15, 2024

Anywhere Real Estat e felt the brunt of slow home sales during the fourth quarter of 2023 as the company reported a loss of $107 million during the three-month period. It generated $1.3 billion in revenue in the fourth quarter, a decrease of 6% year over year. A nearly 20% annualized decline in home sales was the major driver of the decline in revenue.

Marketing 422

Marketing Branding Brokerage Sales 422

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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.

Agents

Inman

FEBRUARY 15, 2024

The Mediterranean-style home in Florida was once owned by Bob Ross Inc. and hosted art retreats for Bob Ross-certified instructors and their students. Now it's for sale for $1.999 million.

Sales 163

Sales 163

Housing Wire

FEBRUARY 15, 2024

Better.com announced Thursday that it’s launching fully digital U.S. Department of Veteran Affairs (VA) loans through its Tinman platform. The product, which has no minimum down payment requirement, is expected to reach about 10% of the lender’s portfolio in 2024. “We’ve been working toward launching a VA product for the past two years,” Vishal Garg, founder and CEO of Better, said in an interview with HousingWire.

VA loan 418

VA loan Loans Loan Officer FHA loan 418

Inman

FEBRUARY 15, 2024

Join Inman Access to unlock Renee Funk's insightful class where we take a deep dive into what agents and team leaders should be prioritizing and how to make 2024 your best year yet.

Agents 158

Agents 158

Housing Wire

FEBRUARY 15, 2024

For iBuyer Opendoor , 2023 was all about moderation. “We are excited about how we are set up for 2024 and beyond,” CEO Carrie Wheeler told investors and analysts listening to the firm’s Q4 2023 earnings call on Thursday evening. “We’ve done the hard work in 2023 to be leaner, to be more agile, to be able to rescale the business in a sustainable fashion.

Investor 417

Investor As-is Marketing Mortgages 417

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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

FEBRUARY 15, 2024

Borrowers can use the company's Tinman platform to see their rates and get pre-approved in minutes, and may qualify to buy with no down payment.

VA loan 171

VA loan Pre-approval Loans Mortgages 171

Housing Wire

FEBRUARY 15, 2024

In an email to the board of directors on Wednesday, National Association of Realtors (NAR) President Kevin Sears announced that he and the trade organization would not be taking on any presidential initiatives throughout the duration of his term, as first reported by Inman News. Sears stepped into the role of NAR president in January after Tracy Kasper announced her resignation , reportedly due to threats of blackmail.

As-is 413

As-is Agents 413

Inman

FEBRUARY 15, 2024

The typical homeowner in 2024 has spent 11.9 years in their home, up from 6.5 years in 2005, according to Redfin data.

Marketing 187

Marketing 187

Housing Wire

FEBRUARY 15, 2024

The nation’s top loan officer Shant Banosian joined the board of directors at Healing Realty Trust , a healthcare-focused real estate investment company. Established in 2022, the real estate venture carved out a niche focusing on healthcare properties in the $1 million to $15 million price range – including those for behavioral, physical and mental health care.

Loan Officer 412

Loan Officer Commercial Investor Banks 412

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Brokerage

Inman

FEBRUARY 15, 2024

Learn how this Boston broker puts his sales experience to work as he guides, supports and develops the next generation of great real estate professionals.

Development 164

Development Sales Brokerage 164

Housing Wire

FEBRUARY 15, 2024

United Wholesale Mortgage (UWM) has accused California-based brokerage and correspondent lender Mortgage Solutions FCS, dba Client Direct Mortgage, of breaching its early payoff (EPO) provision and its owner, Ramon Walker, of trademark infringement. UWM filed a lawsuit in a U.S. district court in Michigan on Wednesday. The legal battle follows the creation of a Facebook group called “Rocket Pro TPO vs UWM,” which UWM says Walker founded on Oct. 28, 2023.

Mortgages 368

Mortgages Loan Officer Loans Brokerage 368

Inman

FEBRUARY 15, 2024

In an earnings report Thursday afternoon, Opendoor CEO Carrie Wheeler struck an optimistic tone and pointed to the "potential for a more normalized macro backdrop" in 2024.

Technology 149

Technology Marketing 149

RIS Media

FEBRUARY 15, 2024

The adage “location, location, location” continues regarding real estate. The location remains paramount despite the myriad factors contributing to a property’s market value—including size, condition and features. We will examine how the geographical positioning of a property significantly influences its desirability and, consequently, its market value.

Marketing 138

Marketing Industrial Agents 138

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.

Agents