Housing Wire
APRIL 4, 2024
Federal Reserve vice chair for supervision Michael Barr said the central bank is taking “a very thoughtful approach” to the Basel III rules (aka the Basel endgame), which would significantly increase bank capital requirements and, if implemented, affect the mortgage industry. “We gave the public extra time to comment on the rule because it was really complex.
Keeping Current Matters
APRIL 4, 2024
Have you heard the term “Silver Tsunami” getting tossed around recently? If so, here’s what you really need to know.
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Housing Wire
APRIL 4, 2024
Despite recent data indicating a poor affordable housing situation in Texas , the city of Houston must return $45 million in unused affordable housing funds to the state after failing to use them for construction of new homes. This is according to local reporting by a Houston ABC News affiliate. Primarily allocated to the city following Hurricane Harvey in 2017 through a recovery program administered by the state via federal funds , the city aimed to use the money to purchase three lots on which
Real Estate News
APRIL 4, 2024
There are more green shoots for would-be home buyers this spring as inventory grows to its highest point since 2020, according to Realtor.com’s monthly report.
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.
Housing Wire
APRIL 4, 2024
U.S. property taxes on single-family homes rose twice as fast in 2023 as they did in 2022, with a total of $363.3 billion levied compared to $339.8 billion one year earlier. This is according to an analysis conducted by Attom , based on property tax data collected from county tax assessor offices nationwide at the state, metro and county levels. The data also used an automated valuation model (AVM), and the analysis applied to 89.4 million single-family homes in the U.S.
Real Estate News
APRIL 4, 2024
A new study from T3 Sixty and PrimeStreet surveyed brokerages on their lead-gen practices and use of online and AI tools. The latter has produced mixed results.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
APRIL 4, 2024
Mortgage rates ticked up slightly this week, but have stayed in a narrow range throughout 2024. Upcoming economic reports could test this period of stability.
Housing Wire
APRIL 4, 2024
Despite settlement agreements from Anywhere , RE/MAX , Keller Williams , Compass and the National Association of Realtors (NAR), the copycat commission lawsuits keep coming. On Wednesday, plaintiff Rajninder (Raven) Jutla, who owns In Love Properties LLC , filed an antitrust lawsuit against Redfin in the U.S. District Court for the Eastern District of California in Sacramento.
Inman
APRIL 4, 2024
Rising mortgage rates thwarted the first weeks of the spring market, according to a Redfin housing report published on Thursday. Homesellers pulled back during the four weeks ending March 31, leading new listing growth to experience the smallest annual increase in seven weeks (+8.4 percent).
Housing Wire
APRIL 4, 2024
The federal judge overseeing a case brought by Texas Capital Bank (TCB) against Ginnie Mae has dismissed a portion of the bank’s complaint against the government-owned company but will allow the majority of the case to progress, according to court filings reviewed by RMD. Presiding Judge Matthew Kacsmaryk ruled in the U.S. District Court for the Northern District of Texas that Ginnie Mae’s extinguishment of Reverse Mortgage Funding (RMF) from the Home Equity Conversion Mortgage (HECM)-backed Sec
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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.
Inman
APRIL 4, 2024
Garry Marsoubian previously held a leadership position at Bright MLS and has experience working with multiple listing services' data and technology.
Housing Wire
APRIL 4, 2024
Arizona -based brokerage LUXE Realty welcomed Jack Luciano and Raul Siqueiros as director of estates division and director of new development, respectively, the company announced on Thursday. The two real estate agents were formerly associated with The Agency Scottsdale. They are bringing several top-producing agents with them, including Amy Rhodes, Melissa Herrera, Niko Siqueiros and Peter Hall. ”We’re excited to officially welcome Jack and Raul and their team,” LUXE Realty founders Brian Guzm
Inman
APRIL 4, 2024
The Berkshire Hathaway affiliate says final judgment in the case shouldn't come before settlements are finalized, a process the franchisor does not expect to be "uncontroversial.
Housing Wire
APRIL 4, 2024
Keller Williams was named in yet another class-action lawsuit that contests alterations made to the brokerage’s profit-sharing program. There are now seven class-action lawsuits against KW that challenge the company’s profit-sharing program adjustments. In the past few weeks, six agents formerly affiliated with Keller Williams — Jerri L. Moulder, David L.
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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
APRIL 4, 2024
The 9-acre island off the coast of Tampa, Florida, colloquially known as "Beer Can Island," is now on the market seven years after Cole Weaver, James Wester and Russell Loomis first bought it in 2017.
Housing Wire
APRIL 4, 2024
In the March rate update , we discussed why Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgages (HECMs) utilize two interest rates. The “ expected rate ” is unique to reverse mortgages and is calculated by adding the lender’s margin to the weekly average 10-year constant maturity treasury (CMT). This rate is used, among other things, to help determine a borrower’s initial principal limit (borrowing capacity).
Inman
APRIL 4, 2024
The real estate industry is in mourning as it says goodbye to one of its most powerful and glamorous figures, DirectOffer COO Jennifer Berman.
Housing Wire
APRIL 4, 2024
The U.S. Department of Housing and Urban Development (HUD) on Thursday announced a new series of affordable housing grants totaling $13.5 million, which will go to support the creation of homes for low-income, first-time homebuyers as part of HUD’s Self-Help Homeownership Opportunity Program (SHOP). Announced by Marion McFadden, HUD principal assistant secretary for community planning, at a Habitat for Humanity event in Nashville, the $13.5 million in “sweat equity grants” will go to support fou
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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
APRIL 4, 2024
The seller of the 4.5-acre property at the base of Red Mountain is Canadian professional hockey player-turned-entrepreneur Patrick Dovigi. The buyers are former casino mogul Steve Wynn and financier Thomas Peterffy.
Housing Wire
APRIL 4, 2024
Ryan Serhant — the acclaimed real estate broker, media personality and serial entrepreneur — is moving beyond his career in real estate to delve into the broader arena of sales. Serhant has teamed up with former NBC News producer Kyle Scott to unveil SellIt, a sales training platform tailored for all types of entrepreneurs. “SellIt is the culmination of everything I’ve used to sell nearly $10 billion in volume over the course of my career and I’ve applied to the sales processes at my companies,”
Inman
APRIL 4, 2024
Austin, Texas-based fintech hires CoreLogic vet as CEO and signs APEX Mortgage Group, C2 Financial and Cornerstone First Mortgage as partners.
Housing Wire
APRIL 4, 2024
The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s 2024 Marketing Leaders are open until April 30, 2024. Click here to nominate someone from your organization today. While they have endured a rocky, rates-driven cycle, marketers in mortgage and real estate continue to play a pivotal role in lead generation, customer acquisition and retention differentiation that has helped
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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
APRIL 4, 2024
Software company Inside Real Estate (IRE) has added two industry veterans in key positions, naming Stacey Soleil Senior Vice President of Community and Engagement and Ryan Hartman Vice President of Social & Product Engagement.
Housing Wire
APRIL 4, 2024
This week in Washington, D.C., representatives at federal agencies reinforced their support for the new rules that would modernize the Community Reinvestment Act (CRA), a few days after a federal judge in Texas granted a preliminary injunction to banking associations that seek to halt its implementation. Meanwhile, community-focused trade groups and associations, although feeling that the new rules miss some relevant aspects of fair lending, criticized the judge’s decision.
Inman
APRIL 4, 2024
Consumer misconceptions following the NAR settlement are wild. Jimmy Burgess talks to Keeping Current Matters CEO David Childers on how to communicate with today's buyers and sellers.
Calculated Risk Real Estate
APRIL 4, 2024
From Moody’s Analytics Economists: Apartment and Retail in Holding Pattern, Office Evolution and Stress Continued, And Industrial Fundamentals Leveled Off National multifamily vacancy stayed flat at 5.5% , but new constructions are getting absorbed at a slightly faster speed. Near 7% mortgage rate and ramp-up of single-family housing prices locked many potential first-time home buyers out of homeownership, which compensated for slowdowns in household formation/migration and secured rental
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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.
RIS Media
APRIL 4, 2024
When buying and selling real estate, the appraisal is pivotal. It’s an expert’s objective estimation of a home’s worth and serves as a cornerstone for financial decisions in real estate transactions. However, a low appraisal can disrupt the whole process and lead to complications for buyers, sellers, Realtors, and lenders. I will examine the ramifications… The post The Impact of Low Appraisals on Home Sales and Mortgages appeared first on RISMedia.
Inman
APRIL 4, 2024
If agents want to beat out their local competition, writes trainer and leadership expert Jeff Glover, they need to start focusing on owning the listing inventory in their markets.
RIS Media
APRIL 4, 2024
There are several reasons agents prefer listing over working with buyers. From the ability to take on more clients at once to less time spent touring properties to increased control over transactions, many agents just prefer to represent sellers. But how do you find listing opportunities if this is your desired route? Get in touch… The post Get More Listings by Connecting With These 5 Demographics appeared first on RISMedia.
Inman
APRIL 4, 2024
Inman's Laura Monroe pays tribute to a brilliant soul in the Inman Community as the industry mourns the loss of Jennifer Berman.
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.
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