Housing Wire

MAY 9, 2024

After months of uncertainty, the real estate industry has a reason to celebrate, at least a little bit. Judge Stephen Bough has granted final approval to the commission lawsuit settlement agreements reached by Anywhere , RE/MAX and Keller Williams on Thursday. As part of their settlement agreements, Anywhere, RE/MAX and Keller Williams have agreed to pay $83.5 million , $55 million and $70 million , respectively.

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Brokerage MLS Agents As-is 398

Keeping Current Matters

MAY 9, 2024

When you’re planning a move, it’s normal to wonder where you’ll end up and what your future home is going to look like.

New Construction 319

New Construction Construction 319

Housing Wire

MAY 9, 2024

Despite the necessary requirement for a homeowner to maintain insurance on their property for protection against human- and naturally-occurring disasters, the impacts of climate change are creating “natural” scenarios that are increasingly not covered by insurance. Such instances are accelerating in different parts of the country, leading insurers to drastically increase their prices, or, in some cases, pull out of areas they deem problematic.

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Industrial As-is Finance 419

Real Estate News

MAY 9, 2024

Despite a last-minute motion to delay the hearing, the proceedings went on as scheduled, ending buyer agent commissions litigation for the three brokerages.

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Brokerage Agents 281

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

MAY 9, 2024

Portside Real Estate Group , led by Dava Davin, has acquired Lakepoint Real Estate , led by industry veteran Dan McCarron, the company announced on Wednesday. It is the second company that Portside has acquired. In 2018, the brokerage onboarded RE/MAX Heritage in Yarmouth, Maine , led by Mike Lepage. As a result, Davin’s brokerage boasts 165 agents all over Maine and on the seacoast of New Hampshire.

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Brokerage Industrial As-is Agents 395

Real Estate News

MAY 9, 2024

After five weeks of increases, rates pulled back slightly, but rising home prices and record-high mortgage payments continue to hamper affordability.

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Mortgages 276

Inman

MAY 9, 2024

The ruling by Judge Stephen R. Bough on Thursday resolves antitrust claims in the Sitzer | Burnett, Moehrl and Nosalek commission cases. However, it won't quash other existing suits from buyers.

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Brokerage 186

Housing Wire

MAY 9, 2024

Rocket Companies , the parent company of Rocket Mortgage , hired its first chief technology officer this week, bringing former Thomson Reuters and Intel executive Shawn Malhotra into the fold. The hire is Rocket’s latest move to bolster its already robust investment in artificial intelligence. Varun Krishna, Rocket Companies CEO, sat down with HousingWire CEO Clayton Collins at The Gathering event several weeks ago to talk about the company’s AI strategy and their new AI tool, Synopsis.

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Technology Loan Officer Loans As-is 381

Inman

MAY 9, 2024

Diversity is the way of the future, writes The Agency’s Mauricio Umansky. Here, he unpacks the advantages of intentionally building a diverse team for your clients, your agents and your business.

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Agents Branding Equity Brokerage 181

Housing Wire

MAY 9, 2024

Guild Holdings Company , parent company of Guild Mortgage , recorded a 6% increase in mortgage originations and much higher revenue levels in the first quarter of 2024 than in 2023. Net income saw substantial improvements as the company continues to pursue an active acquisition strategy, according to an earnings report for Q1 released on Thursday. “I am pleased to report that our first-quarter results demonstrate the continued success and disciplined execution of our strategy with growth in orig

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Principal Technology Mortgages Loans 375

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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

MAY 9, 2024

The trade group had earlier signaled plans to raise dues in 2025, but during a board of directors meeting Thursday at the Realtors Legislative Meetings voted 894-20 to keep them at $156.

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MLS Agents 157

Housing Wire

MAY 9, 2024

UWM Holdings Corp. , the parent of United Wholesale Mortgage (UWM), returned to profitability in the first quarter of 2024 despite higher rates, a lack of inventory and a decline in the fair value of its mortgage servicing rights (MSRs). The quarter’s positive performance was supported by increased origination volumes at improved margins and servicing sales, which resulted in a non-GAAP net income of $141 million from January to March, compared to a $361 million loss in the previous quarte

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Sales Principal Loans Mortgages 274

Inman

MAY 9, 2024

An LGBTQ+ Real Estate Alliance survey has revealed the challenges of retirement for LGBTQ homeowners, who worry about safety and acceptance more than their straight counterparts.

Marketing 157

Marketing 157

RIS Media

MAY 9, 2024

Buying a property together is a significant step for unmarried couples. This decision involves unique legal considerations and requires careful planning. I will provide critical property laws for unmarried couples, including title considerations, mortgage qualifications and protective measures for individual investments. As someone who has been selling real estate for a very long time, it… The post Legal Considerations for Unmarried Couples Buying Property appeared first on RISMedia.

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Title Debt-to-income ratio Mortgages As-is 132

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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

MAY 9, 2024

Want your agents to look forward to meetings? Broker Joseph Santini shares five tips for making your office meetings must-attend events (and five things to avoid at all costs).

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Agents Brokerage 163

Calculated Risk Real Estate

MAY 9, 2024

Length of Time from Start to Completion Census released the annual data on the length of time from start to completion , and this showed ongoing construction delays in 2023. In 2023, it took a record 8.6 months from start to completion for single family homes , up from an already elevated 8.3 months in 2022. For 2+ unit buildings, it took a record 17.1 months for buildings with 2 or more units in 2023, unchanged from 17.1 months in 2022.

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Construction 128

Inman

MAY 9, 2024

Q1 net earnings of $180.5 million were boosted by the sale of $70 billion in mortgage servicing rights (MSRs) and a $141 million markup in the value of the $230 billion in MSRs UWM retained.

Mortgages 162

Mortgages Sales Marketing 162

RIS Media

MAY 9, 2024

Clockwise from top left: Howard Hanna agents Kim Crane, Jason Sekody, Kelly Huff and Ryan Shedlock Editor’s Note: The Buyer-Agent Playbook is a new iteration of RISMedia’s biweekly Playbook segment, specifically centering on buyer agency and how agents are navigating the changes and trends in a post-NAR-settlement environment. The series will provide brokers and agents… The post The Buyer Agent Playbook: Ready, Willing and Able appeared first on RISMedia.

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Agents Development MLS Industrial 122

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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

MAY 9, 2024

CEO Marco Fregenal says the flat-fee brokerage is making progress toward achieving 2024 goals despite seasonality and broader industry challenges driving a $5.9 million Q1 net loss.

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Sales Brokerage Agents Industrial 160

Bigger Pockets

MAY 9, 2024

Think it’s too late for early retirement? Do you feel like just because you’re in your late thirties, forties, or fifties, FIRE doesn’t make sense for you?

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125

Inman

MAY 9, 2024

The share of seriously underwater mortgages moved up slightly from 2.6 percent to 2.7 percent in the first quarter, according to a report from Attom released Thursday.

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Equity Mortgages Marketing 161

RIS Media

MAY 9, 2024

Judge Stephen R. Bough gave his final approval today to settlement agreements struck by big brokerages in class-action commission lawsuits, granting broad immunity from claims by sellers that these companies conspired on rules that inflated real estate compensation at the expense of consumers. The ruling does not include a settlement struck by the National Association… The post Judge Approves Seller Settlements, With Limited Buyer Protections appeared first on RISMedia.

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Brokerage Industrial Agents 118

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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

MAY 9, 2024

A solid Q1 earnings report has Redfin CEO Glenn Kelman feeling confident. However, persistent market headwinds are keeping the CEO from being too bullish.

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Marketing Sales Mortgages 155

Zillow Market Reports

MAY 9, 2024

U.S. rents continued to tick up in April. Rents grew 0.6% month over month, slightly slower than the pre-pandemic average for this time of year of 0.7%. The typical U.S. rent is now only a whisker away from $2,000, at $1,997, according to the Zillow Observed Rent Index. To comfortably afford a rental at that price — meaning spending no more than 30% of their income — a renter would need to make nearly $80,000 a year ($79,889).

Marketing 108

Marketing Construction As-is 108

Inman

MAY 9, 2024

Q1 2024's real estate earnings are in. CoStar and Rocket Mortgage excelled, while RE/MAX and Opendoor face challenges. We've compiled the key highlights in one place. Here's what you might have missed.

Mortgages 145

Mortgages Brokerage Marketing 145

RIS Media

MAY 9, 2024

Lori McCarthy, managing broker of the recently Compass-acquired Latter & Blum in Lafayette, Louisiana, has made recruitment and community involvement priorities in her business. She serves on her local REALTOR® association board and is a member of the Young Professional Network, which provides guidance to rookie REALTORS®. RISMedia touched base with McCarthy for the latest… The post Newsmaker Spotlight: Lori McCarthy on Being a Mentor and Preparing for a New Way to Do Business appeared

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Industrial Agents 110

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BAM Media

MAY 9, 2024

Real estate transactions can be complex, especially when traditional financing isn’t the best option. This is where creative financing strategies like seller financing and subject to come into play. But what exactly are these options, and how can you, as a real estate agent, leverage them to help your clients and close more deals? Understanding the Key Differences The primary distinction between seller financing and subject to lies in the buyer’s monthly payment: Subject To: The buyer assumes t

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Finance Banks Loans Investor 105

RIS Media

MAY 9, 2024

The 4,000-member strong LGBTQ+ Real Estate Alliance has published its fourth annual LGBTQ+ Real Estate Report. The report details how, as the Baby Boomer generation reaches retirement age, 70% of aging Alliance members believe LGBTQ+ face harder challenges in finding post-retirement homes. Highlights: A plurality (35.3%) of aging Alliance members (aged 65+) expect to retire… The post The LGBTQ+ Real Estate Alliance Publishes Fourth Annual Report appeared first on RISMedia.

Industrial 109

Industrial 109

BAM Media

MAY 9, 2024

BAM Key Details: Research from Zillow and StreetEasy show New York rents increased seven times faster than wages in 2023, putting an extra squeeze on renters’ budgets as housing affordability worsens. Three of the five markets where rents have outpaced wage growth most dramatically since the pandemic are in Florida. Rents declined in three markets and were outpaced by wage growth in 20 other metros.

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Marketing Construction As-is Industrial 105

Marco Santarelli

MAY 9, 2024

Miami's on fire! Housing prices jump to double-digit YoY growth, leading U.S. metros. Is the Sunshine State's market too hot to handle? Let's find out. Miami's sizzling housing market continues to be a standout performer on the national stage. According to the CoreLogic HPI Report for March 2024, Miami boasts the highest year-over-year home price increase among the top 10 largest U.S. metros, with a remarkable 10.6% gain.

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Marketing Construction New Construction Staging 98

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