Housing Wire

FEBRUARY 29, 2024

The Federal Housing Finance Agency (FHFA) announced on Thursday that the transition to new credit score requirements is expected to occur in the fourth quarter of 2025, a decision commended by the mortgage industry. That’s when the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac will acquire single-family loans based on the FICO 10T and VantageScore 4.0 credit models, replacing the Classic FICO score that has been in place for decades.

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Lending Mortgages Finance Industrial 501

Keeping Current Matters

FEBRUARY 29, 2024

If you’re holding out hope that the housing market is going to crash and bring home prices back down, here’s a look at what the data shows.

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Marketing 345

Housing Wire

FEBRUARY 29, 2024

Mortgage rates continued to trend up this week and dampen homebuyer momentum. The 30-year fixed-rate mortgage averaged 6.94% as of Feb. 29, an increase from last week ’s figure of 6.90%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday. Meanwhile, the 15-year fixed rate averaged 6.26% this week, down from 6.29% during the prior week.

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Real Estate News

FEBRUARY 29, 2024

There are signs that inventory is building, which could take some pressure off the market and increase options for buyers who can stomach the elevated rates.

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Mortgages Marketing 236

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 29, 2024

Opendoor and eXp Realty officially launched their new partnership on Thursday, Inman first reported. This integration is making Opendoor cash-offer solutions available to eXp Realty’s nearly 90,000 agents. Last October , the iBuyer announced that it was teaming up with eXp Realty to be the primary cash-offer solution powering eXp’s ExpressOffers platform.

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Real Estate News

FEBRUARY 29, 2024

While pending sales reversed course last month, experts blamed seasonality and less favorable borrowing rates for the lack of activity from buyers.

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Sales 243

Inman

FEBRUARY 29, 2024

Fannie and Freddie's federal regulator wants lenders to synchronize adoption of bi-merge credit reporting with more inclusive FICO Score 10T and VantageScore 4.0 scoring models.

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Mortgages 187

Housing Wire

FEBRUARY 29, 2024

While the number of new homes rose by 4.2% in the U.S. last year, this was primarily led by a 22% increase in the multifamily sector. Single-family housing permits, meanwhile, slowed in 70% of U.S. metropolitan areas, which could forecast more challenges ahead for an already strained level of supply. This is according to an analysis conducted by Point2 , which examined metrics including single-family and multifamily completions in 2023, as well as corresponding permits issued.

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Construction New Construction Development Loans 463

Inman

FEBRUARY 29, 2024

The companies' integrated technology will streamline the process to make Opendoor cash offers available to eXp's tens of thousands of agents.

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Technology Agents Industrial 191

Housing Wire

FEBRUARY 29, 2024

January pending home sales leveled off after December’s surge but remained steady. The softening in sales was primarily a factor of wintry weather rather than declining demand, according to Bright MLS chief economist Lisa Sturtevant. Pending home sales dropped 4.9% month over month in January, according to the newest data from the National Association of Realtors (NAR).

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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.

Brokerage

Inman

FEBRUARY 29, 2024

Want to stand out from the crowd of real estate professionals? Take a tip from Milena Monet and emulate some of the business world's biggest names.

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Agents 185

Housing Wire

FEBRUARY 29, 2024

Editor in Chief Sarah Wheeler sat down with Dan Stewart, founder and CEO of Happy Grasshopper , to talk about the company’s tech strategy in creating content that resonates with consumers. Storytelling is key to the company’s success and Stewart’s own story explains how he stays cool in any market cycle. Turns out being stranded at sea in shark-infested waters puts everything else in perspective.

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Inman

FEBRUARY 29, 2024

In 2010, the Berkshire Hathaway Inc. CEO said that fewer housing starts can help lay the foundation for a more balanced market down the line. His own company's recent investments in home builders show commitment to that principle.

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Marketing Finance Brokerage Agents 174

Housing Wire

FEBRUARY 29, 2024

The plaintiffs in the Nosalek commission lawsuit and defendant MLS Property Information Network (MLS PIN) have teamed up to ask Judge Patti B. Saris if they can file separate responses to the statement of interest from the Department of Justice (DOJ). The joint motion was filed on Wednesday by MLS PIN, Jennifer Nosalek, Randy Hirschorn and Tracy Hirschorn.

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MLS Agents Closing As-is 439

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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 29, 2024

Real estate’s Q4 earnings calls have finally wrapped. From RE/MAX’s CEO exit to Airbnb’s $10 billion year, we’ve rounded up the top stories all in one place. Here’s what you might have missed.

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Brokerage Agents 173

Housing Wire

FEBRUARY 29, 2024

Sahil Chhabra is bringing his 21-agent team, the Chhabra Group , to eXp , as a so-called “mega team,” the brokerage announced on Thursday. Based in Calgary, Alberta, the Chhabra Group was previously affiliated with RE/MAX. Conversations with eXp top producers Justin Havre and Ibrahim Hussein informed Chhabra’s decision. Since joining the real estate industry in 2020 after a career in the hospitality sector, Chhabra has accumulated an aggregate sales volume exceeding $425 million, according to a

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Inman

FEBRUARY 29, 2024

How far do you have to drive in your state to receive quality maternal health care? To receive emergency services? These kitchen table issues are on your prospect's minds, Rachael Hite writes.

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Agents Marketing 171

Housing Wire

FEBRUARY 29, 2024

Liberty Reverse Mortgage , a top 10 reverse mortgage lender owned by Ocwen Financial Corp. and its subsidiary PHH Mortgage Corp., allegedly violated California labor laws by failing to provide employees with rest breaks, meal breaks and appropriate compensation for off-the-clock and overtime work, according to a newly filed class-action lawsuit. The suit, filed by former Liberty employee Michaela LaNere in Sacramento County Superior Court , seeks to recoup lost wages and other associated damages

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Mortgages As-is Industrial 423

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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 29, 2024

The Boston-headquartered franchise dubbed "Corcoran Property Advisors" is led by brokers-owners Brian Dougherty and Nick Robert who have backgrounds that span hospitality, sales, luxury and design. The firm also has an office in Cohasset.

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Housing Wire

FEBRUARY 29, 2024

Economics professor Teresa Ghilarducci of The New School in New York recently painted a dire picture of the retirement situation in the U.S., calling on policymakers to enact what she calls a “Gray New Deal,” recalling the economic relief and stimulus efforts of President Franklin D. Roosevelt implemented during the Great Depression. Speaking in Washington, D.C., at a policy conference for the National Institute on Retirement Security , Ghilarducci laid out her proposal and a series of what she

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Finance Technology Development As-is 418

Inman

FEBRUARY 29, 2024

The technology platform is designed to improve marketing for listings. Now, Howard Hanna agents will get to exclusively offer the tool to their clients in Pittsburgh and Cleveland.

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Technology Design Agents Marketing 164

RIS Media

FEBRUARY 29, 2024

Above, Paul Boomsma, left with Diane Turton Leading Real Estate Companies of the World®’s (LeadingRE) 2024 Conference Week kicked off on Weds., Feb. 27 at the Wynn Hotel in Las Vegas with an inspiring general session—bringing together some of the brightest minds in the business to uncover the possibilities that exist in today’s challenging environment… The post Celebrating the Past and Preparing for the Future appeared first on RISMedia.

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Development MLS Industrial Agents 122

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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 29, 2024

A key Fed inflation metric, the PCE price index, continues to drop toward the Fed's 2 percent inflation target, falling from 2.6 percent annual growth in December to 2.4 percent in January.

Mortgages 166

Mortgages Sales Marketing 166

RIS Media

FEBRUARY 29, 2024

In these uncertain times, it is more important than ever for leaders in the real estate industry to step up and guide their teams through the challenges ahead. As President of Broward, Palm Beaches & St. Lucie REALTORS® and BeachesMLS, I have witnessed firsthand how issues facing our industry have collectively affected us. I want… The post Growing Leaders During Unprecedented Times in Real Estate appeared first on RISMedia.

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Industrial As-is Development 122

Inman

FEBRUARY 29, 2024

In this week's Inman Access class, industry experts sit down to discuss personal branding, the importance of being authentic and proven strategies to level up your marketing game.

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Branding Industrial Marketing Agents 162

RIS Media

FEBRUARY 29, 2024

In real estate transactions, buyers and sellers often negotiate various aspects of the deal. Negotiations can include the purchase price, closing costs and contingencies. One element that frequently arises during these negotiations is referred to as seller concessions or repair credits. These credits can play a significant role in shaping a real estate deal’s final… The post What Are Seller Credits in Real Estate: The Assistance Buyers Need appeared first on RISMedia.

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Brokerage

Inman

FEBRUARY 29, 2024

Century 21 has expanded its presence in South Florida with Soflo Home Realty, a six-year-old woman-led brokerage in Delray Beach. Broker-owner Roberta Lucas and her 15-agent team serve buyers and sellers across Broward, Miami and Palm Beach counties.

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Brokerage Agents 163

RIS Media

FEBRUARY 29, 2024

A federal judge is allowing four women to move forward with civil claims that they were drugged and sexually assaulted by eXp recruiters at company events, ruling the alleged victims have “plausibly” contended that two high-profile influencers raped them—and that the company and CEO Glenn Sanford are culpable for failing to implement safeguards, as well… The post eXp Must Face Cover-Up Allegations in Sexual Assault Lawsuit, Judge Rules appeared first on RISMedia.

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As-is Industrial Agents 124

Inman

FEBRUARY 29, 2024

Find out how luxury specialist Leonie ter Brugge brings her global perspective to serving clients who've fallen in love with Spain's Mediterranean coastline.

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Brokerage 162

Bigger Pockets

FEBRUARY 29, 2024

There are plenty of hedge funds investing in real estate in 2024. As an investor, you can learn a lot about the real estate market—including where to invest—by closely following these hedge funds and their performance.

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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