Housing Wire
SEPTEMBER 3, 2024
With the calendar shifting to September and the next meeting of Federal Reserve policymakers only two weeks out, mortgage rates continue to recede and evidence suggests that borrowers are reacting to more favorable housing market conditions. At HousingWire ‘s Mortgage Rates Center on Tuesday, the 30-year rate for conforming loans averaged 6.60%, down from 6.64% one week ago.
Keeping Current Matters
SEPTEMBER 3, 2024
Are you on the fence about whether to sell your house now or hold off?
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Housing Wire
SEPTEMBER 3, 2024
For many in the real estate industry, Aug. 17, 2024 — the date that the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement went into effect — served as a reckoning of sorts. “I am in awe of how many folks decided on Thursday that something was changing on Saturday,” Linda O’Koniewski, the broker-owner of Leading Edge Real Estate , said the week after the business practice changes went into effect.
Real Estate News
SEPTEMBER 3, 2024
NAR’s latest confidence survey also suggests that buyers gained some leverage this summer, but overall sales were down.
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Housing Wire
SEPTEMBER 3, 2024
With elevated mortgage rates having persisted over the past two years, Federal Reserve Chair Jerome Powell indicated recently that a cut to the federal funds rate at this month’s meeting of the Federal Open Market Committee (FOMC) is on the table, which would likely have the effect of driving mortgage rates lower. Elevated interest rates have been part of the reality for the forward and reverse mortgage channels since the waning days of the COVID-19 pandemic.
Real Estate News
SEPTEMBER 3, 2024
The Keyes Company has reached an agreement in the Gibson lawsuit as the settlement fund nears $1 billion.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
SEPTEMBER 3, 2024
The policy, which was designed to discourage the sharing of listings via private networks outside the MLS, is being called into question.
Housing Wire
SEPTEMBER 3, 2024
In a new episode of the “Real Estate Insiders Unfiltered” podcast, John Campbell — managing director at Stephens Inc. and an equity research analyst — joins hosts James Dwiggins and Keith Robinson to chat about last month’s major changes for the real estate industry. The trio discuss the major companies that are thriving in the post-Aug. 17 market and those that still face challenges.
Real Estate News
SEPTEMBER 3, 2024
With new industry practice changes now in effect, agents can face real consequences for breaking the rules. MLSs — and brokerages — are trying to help.
Housing Wire
SEPTEMBER 3, 2024
Mortgage servicer Nationstar , doing business as Mr. Cooper , is expected to settle a lawsuit with electronic payment processing vendor ACI Payments that is related to alleged damages from unauthorized mortgage payments imposed on Mr. Cooper’s customers three years ago. The settlement notice was filed Aug. 30 in a U.S. district court in Texas.
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.
Inman
SEPTEMBER 3, 2024
At Compass, Thor Brown will serve as director of luxury sales, while Sam Fingold will take on the role of luxury real estate advisor, according to South Florida Agent Magazine. Both will operate out of Compass’ Palm Beach Island office at 150 Worth Avenue.
Housing Wire
SEPTEMBER 3, 2024
CMG Home Loans , the retail lending division of CMG Financial , announced on Tuesday the appointment of Kari Van Kleef to the position of reverse mortgage operations manager. She is one of “several industry veterans who will be directing the dedicated reverse mortgage department at CMG,” the company said. Van Kleef, who previously worked for the reverse mortgage divisions at Fairway Independent Mortgage Corp. and Movement Mortgage , has been in the broader mortgage business for about 26 years an
Inman
SEPTEMBER 3, 2024
Anthony Lamacchia said threats of severe penalties for commission violations leveled by plaintiffs lawyer Michael Ketchmark and Consumer Advocates in American Real Estate are "unnecessary.
Housing Wire
SEPTEMBER 3, 2024
Florida-based independent brokerage The Keyes Co./Illustrated Properties has joined the growing list of brokerages that have settled the commission lawsuits. The firm notified the court of its settlement agreement on Tuesday in the consolidated Gibson and Umpa suits suits via a motion to stay the case. No details of the conditions of the settlement were immediate available.
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Inman
SEPTEMBER 3, 2024
WAV Group is seeking feedback from agents on the fate of the policy in a new survey ahead of the National Association of Realtors' Emerging Issues Advisory Board committee meeting Sept. 12-13.
Housing Wire
SEPTEMBER 3, 2024
The chief economist of Fannie Mae expects to hang up the cleats this year. Doug Duncan , who’s been the chief economist at the government-sponsored enterprise since 2008, will be retiring effective Sept. 22, according to Rob Chrisman, who first reported the news on his blog Tuesday morning. Mark Palim, the company’s deputy chief economist, will succeed Duncan as chief economist.
Inman
SEPTEMBER 3, 2024
Selling real estate under the new commission rules is like playing Red Light, Green Light on a tightrope, bicoastal agent Cara Ameer writes. Here’s how her business has been since the change.
Housing Wire
SEPTEMBER 3, 2024
Rocket Pro TPO tapped Dan Sogorka as its general manager as the wholesale arm of Rocket Mortgage looks to equip broker partners with better technology. Dan Sogorka Sogorka will spend much of his time with broker partners to help them understand the technology needed on the Rocket Pro TPO platform, and how buyers and sellers interact with Rocket’s tools.
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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.
Inman
SEPTEMBER 3, 2024
In a newly created role at Rocket Pro TPO, the former Sagent CEO is tasked with winning more business from mortgage brokers by leveraging Rocket's data, technology and AI capabilities.
RIS Media
SEPTEMBER 3, 2024
Florida-based The Keyes Company/Illustrated Properties, which describes itself as the largest independent brokerage in the state, has reached an agreement to settle commission lawsuits filed by sellers, according to a filing in federal court today. No details of the agreement were immediately released. A representative from the brokerage could not immediately be reached for comment.… The post Largest Florida Independent Brokerage Settles Commission Lawsuits appeared first on RISMedia.
Inman
SEPTEMBER 3, 2024
At the flagship Inman Connect New York in 2025 and Austin Connect this October, discover how building a robust referral network can revolutionize and future-proof your real estate business.
RIS Media
SEPTEMBER 3, 2024
Homebuyers are increasingly stretched to buy a home, and some existing homeowners are feeling the pressure of higher homeownership costs and missing mortgage payments. Overall, there is more caution in the housing market as housing indicators continue to revert to pre-pandemic trends and both buyers and investors carefully evaluate their options. Here is where the… The post 10 Things to Know About the Mortgage and Housing Markets Right Now appeared first on RISMedia.
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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.
Inman
SEPTEMBER 3, 2024
Murdoch's Australia-based News Corp subsidiary announced on Monday that it was considering a cash and stock offer for the UK's largest real estate portal.
RIS Media
SEPTEMBER 3, 2024
Residential home lending saw its first gain in a year during Q2 2024, with the issuance of 1.62 million mortgages secured by residential property. This represents a 23.2% increase over the first quarter. This reporting, provided by ATTOM Data Solutions, found that lenders’ issued mortgages this quarter came out to $533 billion, 27.6% higher than… The post Home Lending Sees Big Spike in Q2 2024 appeared first on RISMedia.
Inman
SEPTEMBER 3, 2024
The settlement was revealed in a new court filing, though the company has not said how much it might pay. The Keyes Company has more than 4,000 agents working across Florida.
RIS Media
SEPTEMBER 3, 2024
Photo credit: AJ Caneria Editor’s Note: Social Skills is a bi-monthly feature in RISMedia’s Daily News focused on social media and digital marketing tips, trends and solutions for agents and brokers. As a real estate professional, attending industry events like RISMedia’s 2024 CEO & Leadership Exchange offers unlimited opportunities to expand your network and elevate… The post Social Skills: Harnessing the Marketing Power of Industry Events appeared first on RISMedia.
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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.
Inman
SEPTEMBER 3, 2024
Pre-sale renovation services company Revive has made its artificial intelligence-backed property valuation product, Revive Vision AI, free to all real estate consumers.
Eye on Housing
SEPTEMBER 3, 2024
The cost per square foot of a single-family home declines systematically as the home becomes larger, according to NAHB analysis of two recent data sources. In microeconomics, unit costs that decline as a business operation increases in size are called economies of scale. In home building, economies of scale may exist in several forms. It.
RIS Media
SEPTEMBER 3, 2024
The National Association of REALTORS® has announced that Tether RE won the sixth annual Pitch Battle competition at the recent 2024 Innovation, Opportunity & Investment (iOi) Summit. NAR stated that their strategic investment arm, Second Century Ventures, presented this year’s Pitch Battle in Chicago, where participating proptech startups were given the chance to demonstrate their… The post NAR Names Tether RE as Winner of the 2024 Pitch Battle appeared first on RISMedia.
Brownstoner
SEPTEMBER 3, 2024
An affordable housing lottery has opened for a modern-looking 13-story, 171-unit development on Flatbush Avenue. Running from Aurelia Court to Triangle Junction mall, the complex at 1634 Flatbush Avenue replaces a gas station formerly on the site. Of the 45 studio, one-, and two-bedroom apartments in the lottery for the new… Read More > The post Affordable Housing Lottery Opens for Modern Flatbush Build With $823 Units appeared first on Brownstoner.
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