Housing Wire

MARCH 20, 2024

Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. This misconception obscures the reality that, historically, buyers lacked formal representation. Initially, the entire commission percentage was pocketed by the listing agent, who solely represented the seller’s interests.

Debt-to-income ratio 497

Debt-to-income ratio Agents Equity Closing costs 497

Real Estate News

MARCH 20, 2024

Now the lone defendant in at least two cases, the brokerage vows to "aggressively pursue options" to resolve litigation even as it faces billions in damages.

Brokerage 240

Brokerage 240

Housing Wire

MARCH 20, 2024

Last week, the National Association of Realtors (NAR) announced a settlement agreement in the Sitzer Burnett case that would take effect in July. For those who missed the declarations that this outcome will render transacting real estate almost free, protect consumers and make homeownership affordable once again, the settlement does none of that. Here’s the truth.

MLS 482

MLS Agents Brokerage As-is 482

Real Estate News

MARCH 20, 2024

Plaintiffs ask for more time to respond to the DOJ following NAR’s announcement, which could affect the existing deal in the Nosalek case.

MLS 225

MLS 225

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

MARCH 20, 2024

The Federal Reserve ’s Federal Open Markets Committee (FOMC) held its short-term policy interest rate steady at a range of 5.25% to 5.5% for a fifth straight meeting on Wednesday. “The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2%,” according to the FOMC statement. “In addition, the Committee will continue reducing its holdings of Treasury securities and agency de

Investor 482

Investor Banks Mortgages As-is 482

Keeping Current Matters

MARCH 20, 2024

Thinking about buying a home?

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349

Inman

MARCH 20, 2024

The verdict in the monumental Sitzer | Burnett commission case in Missouri — plus oversight by federal regulators — has splintered the industry as it scrambles to figure out how to move forward.

Industrial 186

Industrial MLS Brokerage Agents 186

Housing Wire

MARCH 20, 2024

Intercontinental Exchange (ICE) launched a mortgage insurance (MI) center on its Encompass loan origination system, part of the company’s vision to to become a ‘ life-of-loan’ platform. The mortgage insurance center, which provides services from third-party providers Arch MI , Enact , Essent , MGIC , National MI and Radian , will improve management functionality and enhance rate quote comparisons, ICE said in a news release.

Mortgages 458

Mortgages Technology Loans Industrial 458

Inman

MARCH 20, 2024

After two consecutive weeks of rising demand, applications for purchase mortgages dropped by a seasonally adjusted 1 percent last week compared to the week before, and 14 percent from a year ago.

Mortgages 182

Mortgages Marketing 182

Housing Wire

MARCH 20, 2024

One of the major takeaways from Federal Reserve Chair Jerome Powell’s Wednesday news conference was that officials still expect interest rates to come down three times this year, indicating that recent higher-than-expected inflation numbers haven’t been enough to derail previous forecasts. As widely anticipated, central bankers left the benchmark interest rate steady at 5.25% to 5.5%.

Industrial 465

Industrial Mortgages Banks Principal 465

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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

MARCH 20, 2024

In addition to anticipating three rate cuts this year, Federal Reserve policymakers are considering whether to taper the pace at which they unwind the central bank's $7 trillion balance sheet.

Banks 180

Banks Mortgages Marketing 180

Housing Wire

MARCH 20, 2024

Reverse mortgage industry veteran Tane Cabe recently left his position at Fairway Independent Mortgage Corp.’s reverse division to transition back into a role as a reverse mortgage broker. He joined C2 Financial ’s reverse division in a move that he says helped to return him to his “roots.” RMD caught up with Cabe recently to learn about why he made the transition back to being a broker.

Development 457

Development Industrial Mortgages Loans 457

Inman

MARCH 20, 2024

Agents who see the changes coming and adapt to the new reality by cementing their relationships will be in a position to seize the day as market winds shift, mega-team leader Carl Medford writes.

Marketing 179

Marketing Agents Branding Brokerage 179

Housing Wire

MARCH 20, 2024

Friday’s bombshell – the National Association of Realtors ‘ proposed $418 million settlement of real estate commission lawsuits – set off a frenzy of trading for stocks in the residential real estate sector. Trading volumes in eight residential brokerage or listings companies rocketed up 319% to almost 80 million shares on Friday.

Investor 472

Investor Residential Agents MLS 472

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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

MARCH 20, 2024

Customers of real estate software company RESAAS can now opt in to having listings published as “coming soon” on industry-leading search portal Zillow.

Industrial 181

Industrial Technology Marketing 181

Housing Wire

MARCH 20, 2024

About 65 mortgage professionals have not transitioned from AmCap Home Loans to its acquirer, CrossCountry Mortgage (CCM), and rival New American Funding (NAF) has hired the AmCap personnel to expand its business in Texas, the lender announced last week. Industry veteran Tom Boyd became a divisional executive vice president at NAF in December after spending more than 10 years at AmCap, where his prior job was as division president.

Mortgages 452

Mortgages Loan Officer Loans Finance 452

Inman

MARCH 20, 2024

While incentives are still an integral part of the new-home market, they're falling out of popularity in the rental segment as demand — and competition — strengthens. The number of Zillow rental listings with concessions has struggled, going from 32.7 percent in December to 31.9 percent in January. The concession rate jumped 5.6 percent year over year to 32.2 percent in February; however, it marks the slowest annual growth pace since June 2023.

Marketing 168

Marketing 168

Housing Wire

MARCH 20, 2024

Figure Lending LLC is now operating under the umbrella of Figure Technology Solutions , independent of CEO Mike Cagney ’s Figure Technologies. Figure Technology Solutions will focus on developing and distributing its proprietary, technology-enabled platform to partners and investors in the home equity lending ecosystem, the fintech firm announced earlier this week.

Lending 435

Lending Equity Technology Banks 435

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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

MARCH 20, 2024

The Inman Intel Index goes beyond sentiment and trends by tapping into the real estate industry's most engaged community. Add your voice to the industry's most ambitious monthly survey today.

Industrial 164

Industrial MLS Technology Brokerage 164

Housing Wire

MARCH 20, 2024

Ally Home , the residential mortgage lending arm of Ally Bank , is offering a $5,000 grant for eligible homebuyers in the select markets of Charlotte, Detroit and Philadelphia, the company announced on Tuesday. The upfront lump sum can be applied toward a down payment, closing costs or other expenses related to the homebuying process. Ally is partnering with HouseCanary, a tech-forward appraisal firm, to help consumers identify grant-eligible properties using the Ally ComeHome search portal.

Banks 436

Banks Closing costs Lending Equity 436

Inman

MARCH 20, 2024

Most brokerage leaders in February still expected to be better-staffed this time next year, the Intel Index found. But that optimism was weakening even before NAR's $418M settlement Friday.

Brokerage 164

Brokerage Agents Marketing 164

Housing Wire

MARCH 20, 2024

Realty ONE Group International , a global real estate franchise, recently promoted five women to drive the company’s global growth. Cory Vasquez was promoted to the position of co-president, alongside Vinnie Tracey, who has been the company’s president since 2017. Before this promotion, Vasquez served as the company’s vice president of global communications.

Brokerage 425

Brokerage Branding As-is Marketing 425

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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

MARCH 20, 2024

What's causing you the most stress when it comes to NAR's $418 million settlement of the real estate commission lawsuits?

MLS 181

MLS Brokerage Agents 181

Housing Wire

MARCH 20, 2024

The PROGRESS in Lending Association released the names for its 2024 Innovations Award winners last week, including two vendors that are active in the reverse mortgage industry, according to an announcement. The organization recognized LoanPASS for its loan pricing software, which can map out forward and reverse mortgage options side by side. “In this current market, many lenders are looking for new lending products to offer to help expand their offerings and keep the company afloat,” the organiz

Lending 419

Lending Mortgages Technology Banks 419

Inman

MARCH 20, 2024

Two marketing companies in real estate, Local Logic and Property Panorama, have created a data partnership for each firm's user base.

Marketing 171

Marketing Technology 171

Bigger Pockets

MARCH 20, 2024

Falling prices haven't been common in today's market. With higher mortgage rates and low inventory, many investors have waited on the sidelines. Is now the time to plunge back in?

Marketing 132

Marketing Investor Mortgages 132

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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

MARCH 20, 2024

Key policy item for first-term Mayor Brandon Johnson would have raised an estimated $100 million a year through a tax hike on real estate sales.

Sales 158

Sales Agents Marketing 158

Bigger Pockets

MARCH 20, 2024

Paris officially implemented the "15-minute city" as an urban planning concept, and now city planners across the world are debating the merits of switching to this model. What is a 15-minute city, and is it something you should invest in?

Investor 132

Investor As-is 132

Inman

MARCH 20, 2024

An appeals court issued a ruling on Tuesday stating that a lawsuit challenging New York's property tax system was mistakenly dismissed

Marketing 158

Marketing 158

Eye on Housing

MARCH 20, 2024

Continuing NAHB’s commitment to be at the forefront of research on home buyer preferences, the 2024 edition of What Home Buyers Really Want was recently released at the International Builders’ Show. The primary objective of the study is to provide builders, manufacturers, architects, and the general residential construction industry with a thorough analysis of what.

Residential 130

Residential Construction Industrial 130

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