Housing Wire

FEBRUARY 6, 2024

Banks reported having tightened lending standards across almost all categories of residential real estate loans over the fourth quarter of 2023 amid an elevated interest rate environment. There’s some optimism, however. With the central bank expected to cut interest rates this year, banks reported that loan demand should strengthen across residential loan categories in 2024, according to the Fed’s quarterly senior loan officer opinion survey (SLOOS) released on Monday.

Residential 497

Residential Lending Banks Mortgages 497

Real Estate News

FEBRUARY 6, 2024

Freddie Mac and Chase have made recent changes to their down payment assistance programs which could help more low-income buyers enter the market.

Marketing 293

Marketing 293

Housing Wire

FEBRUARY 6, 2024

The data is clear: aging in place is a clear preference for many older Americans making plans for how their later years will play out. But a lot of people approaching these ages may not know the best ways they can make their homes more accommodating for natural changes that come with aging, according to a new story at CNBC. “People might say, ‘I want to age in place as the default plan, because that’s what I’m already doing,’” Carol Chiang, CEO of personalized aging-in-place consulting company E

Renovation 474

Renovation As-is Marketing 474

Real Estate News

FEBRUARY 6, 2024

Appeals court sides with two of the four people suing the state of Florida along with an Orlando-based brokerage, with a final ruling expected soon.

Brokerage 221

Brokerage 221

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 6, 2024

Real estate investment management firm Pretium Partners has raised nearly $1 billion for a new fund dedicated to acquiring built-to-rent (BTR) homes, Bloomberg reported on Tuesday. The company led by former Goldman Sachs partner Don Mullen also said in a statement that it has now invested a total of more than $2.5 billion in purpose-built rental homes.

Investor 435

Investor Residential Construction Development 435

Keeping Current Matters

FEBRUARY 6, 2024

Have you been thinking about selling your house?

Marketing 350

Marketing 350

Inman

FEBRUARY 6, 2024

In three star-studded advertisements for Homes.com that appeared on YouTube over the weekend, the CoStar Group teases a "revolutionized" shopping experience ahead of Super Bowl Sunday.

Technology 190

Technology Marketing 190

Housing Wire

FEBRUARY 6, 2024

The elevated interest rate environment has brought an old product, the assumable mortgage, back into fashion. But a landscape of strict regulations, product limitations and operational inefficiencies hamper its widespread adoption. Assumable mortgages remain a niche market compared to new mortgage issuance. But these transactions have grown recently.

Mortgages 457

Mortgages VA loan Loans Closing 457

Inman

FEBRUARY 6, 2024

NAR Chief Economist Lawrence Yun warned of "further declines in membership over the next 24 months" after NAR posted a 2.1 percent annual membership decline last month.

Agents 181

Agents 181

Housing Wire

FEBRUARY 6, 2024

Accused of redlining by regulators, First National Bank of Pennsylvania (FNB) has agreed to settle the case for $13.5 million, the Department of Justice (DOJ) and the State of North Carolina announced Monday. FNB was involved in the case as a successor in interest of Yadkin Bank , which it acquired in 2017. The complaint alleges that, from 2017 through 2021, FNB failed to provide mortgage services to predominantly Black and Hispanic neighborhoods in Charlotte and Winston-Salem, North C

Banks 432

Banks Lending Loan Officer Loans 432

Advertisement

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 6, 2024

In a push to wrestle back the company he co-founded, Adam Neumann on Monday sent a letter to the co-working giant pressing it to sell its assets to Flow, Neumann's latest real estate endeavor.

Commercial 166

Commercial 166

Housing Wire

FEBRUARY 6, 2024

REX Real Estate is back again trying to get a new trial in its false advertising lawsuit against Zillow. On Monday, the now defunct discount brokerage filed an appeal with the U.S. Court of Appeals for the Ninth Circuit, asking the appeals court to reverse the lower court’s ruling on REX’s motion for a new trial. REX filed its motion for a new trial in November, roughly six weeks after its September trial concluded.

MLS 441

MLS Brokerage Agents Design 441

Inman

FEBRUARY 6, 2024

FNB's 2017 acquisition of Yadkin Bank for $1.8 billion expanded its footprint into North Carolina, where the DOJ alleges it avoided providing mortgages to majority-Black and Hispanic communities.

Banks 159

Banks Mortgages Lending 159

Housing Wire

FEBRUARY 6, 2024

There has been much back and forth in the industry about reporting for short-term rentals — who should complete the report and what form should be used? Previously, the only way to create a robust report truly reflective of the potential of a short-term rental was to have a certified general appraiser complete a narrative report. The 1007, meant for long-term traditional rental reporting, is insufficient for reporting relevant data and misleading to use as a means for reporting short-term rental

Commercial 447

Commercial Lending MLS Inspection 447

Advertisement

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 6, 2024

Rent collection is essential for your portfolio's financial stability and profitability. Ryan Barone shares strategies to simplify it for you and your renters.

Agents 159

Agents 159

Housing Wire

FEBRUARY 6, 2024

The U.S. Attorney for the Southern District of New York (SDNY) announced individual charges Tuesday in a sweeping case that involves kickbacks and bribes from the New York City Housing Authority (NYCHA), charging 70 current and former NYCHA employees with bribery and extortion. The investigation involved more than a year of collaboration between the office of SDNY attorney Damian Williams, the U.S.

Development 438

Development As-is 438

Inman

FEBRUARY 6, 2024

The charges amount to the largest number of federal bribery charges ever filed on a single day, according to the Department of Justice.

Marketing 172

Marketing 172

Housing Wire

FEBRUARY 6, 2024

Rocket Homes Real Estate rolled out its new app on Apple Vision Pro, Apple ’s new virtual reality and mixed-reality headset. It will allow users to view and tour properties by blending their physical and virtual worlds, Rocket said. When homebuyers launch the Rocket Homes app in Apple Vision Pro, a home search page and map of nearby listings based on the user’s current location will fill their field of vision.

Development 436

Development Closing Technology Mortgages 436

Advertisement

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 6, 2024

The 6,300-square-foot unit was purchased by Hong Kong-based private equity exec Terence Chan through a limited liability company, and initially asked more than $70 million. Tal Alexander of Official repped the buyer.

Equity 149

Equity 149

Housing Wire

FEBRUARY 6, 2024

The list of defendants in the Masiello copycat commission lawsuit just got shorter. In a document filed on Monday, the counsel for the home seller plaintiff Joseph Masiello notified the federal court in Arizona that it was voluntarily dismissing defendant Walt Danley Local Luxury , an affiliate of Christie’s International Real Estate , from the suit.

MLS 428

MLS Brokerage Development Finance 428

Inman

FEBRUARY 6, 2024

Fathom Holdings (Fathom) has hired Constellation1 as its primary data partner with the intent of outsourcing its widespread use of industry data.

Industrial 160

Industrial Technology 160

Housing Wire

FEBRUARY 6, 2024

Finance of America Companies (FOA), which had previously borrowed $60 million from longtime backer Blackstone Group , has increased its borrowed amount to $85 million and extended the end of its repayment term from November 2024 to May 2025. This is according to an 8-K filing made this week by FOA with the U.S. Securities and Exchange Commission (SEC).

Equity 433

Equity Finance Industrial Mortgages 433

Advertisement

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 6, 2024

Two of the four plaintiffs who filed a lawsuit in November against Florida's foreign buyer ban have been awarded a temporary injunction that allows them to resume stalled transactions. The next step in toppling SB264 is an appeal hearing in April.

Marketing 144

Marketing 144

Housing Wire

FEBRUARY 6, 2024

Introducing the NEW HousingWire Mortgage Rates Center, a resource for housing professionals to access real-time mortgage rates data and the insights that fuel understanding and decision-making. HousingWire is dedicated to providing housing professionals with the full picture , and while there are many places to find rates information, the Mortgages Rates Center takes a nuanced approach – coupling data with context.

Mortgages 430

Mortgages Industrial As-is Marketing 430

Inman

FEBRUARY 6, 2024

In his latest Snapshot profile, Brandon Doyle talks to Heather "Sunshine" Haase about training, tech, authenticity and creating genuine connections.

Technology 148

Technology Agents 148

Housing Wire

FEBRUARY 6, 2024

Insellerate , a customer relationship management (CRM) provider that serves banks, credit unions and other lenders, has rehauled its user interface (UI) to make it more user-friendly and efficient. To redesign the interface, the company collected feedback from more than 250 loan officers, demonstrating the company’s commitment to enhancing user experience.

Loan Officer 406

Loan Officer Lending Banks Loans 406

Advertisement

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.

Brokerage

Inman

FEBRUARY 6, 2024

Although affordability is still the No. 1 factor in most homebuyers' moves, two surveys from Zillow and Redfin revealed politics and romance also play a role.

Marketing 136

Marketing 136

RIS Media

FEBRUARY 6, 2024

Freddie Mac announced that potential homebuyers earning 50% of area median income or less are eligible for a $2,500 credit that may help with down payment and other costs at closing. The initiative will extend more broadly to very low-income families who qualify for the company’s Home Possible® and HFA Advantage® products. “Today’s announcement is… The post Freddie Mac Expands Assistance for Very Low-Income Purchase Borrowers appeared first on RISMedia.

Closing 124

Closing Loans Industrial 124

Eye on Housing

FEBRUARY 6, 2024

The latest CPS/HVS data shows that the overall homeownership rate was 65.7% in the last quarter of 2023. This was 3.5 percentage points lower from the peak of 69.4% in 2004. In this post, we focus on the homeownership rates by race and ethnicity over the past decade. According to data from the Census Bureau, homeownership in the U.S. varies.

119

119

Calculated Risk Real Estate

FEBRUARY 6, 2024

Press Release: ICE Mortgage Monitor: Positive Signs in Housing, Mortgage Markets Ahead of Spring Homebuying Season Affordability has improved along with rates in recent months, with the share of income required to purchase the median home falling nearly 5 percentage points from October’s 28-year high The national inventory deficit also improved for the 7 th consecutive month which, along with improved affordability, points to a better housing market environment in coming months The I CE Ho

Mortgages 119

Mortgages Marketing Lending VA loan 119

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