Housing Wire
JANUARY 19, 2024
Fannie Mae has a rosy outlook for mortgage rates. The government sponsored enterprise is projecting that rates will drop below 6% by the end of 2024, which in turn will boost refi volumes and help thaw the existing home sales market. Following years of volatility in mortgage rates, the housing market will begin its gradual return to a more normal balance in 2024.
Keeping Current Matters
JANUARY 19, 2024
Buying a home is a big deal and can feel especially complicated if you don't know the terms used during the process.
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Housing Wire
JANUARY 19, 2024
In the ever-changing American housing landscapes, agents are well advised to stay attuned to shifts in affordability and flexibility trends, as these factors drive the growth and evolution of rental demand and can have a substantial impact on those servicing the real estate segment. For agents, staying informed about these developments is essential for strategic decision-making and client guidance in the coming year and beyond.
Real Estate News
JANUARY 19, 2024
According to the latest NAR data, just 4.09 million existing home sales were reported in 2023, the lowest number in nearly three decades.
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
JANUARY 19, 2024
Existing home sales dropped to their lowest level in nearly 30 years in 2023, according to a report from the National Association of Realtors (NAR), released Friday. In 2023, 4.09 million existing homes were sold, the fewest since 1995. “Slow home sales in 2023 were accompanied by higher mortgage rates , with the average rate on a 30-year fixed rate mortgage hitting a 23-year high in early November.
Real Estate News
JANUARY 19, 2024
The latest filing focuses on the Northeastern part of California and takes aim at MetroList MLS as well as multiple associations and brokerages.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
JANUARY 19, 2024
All eyes are on inventory levels — which are up slightly compared to a year ago — as the market gears up for spring.
Housing Wire
JANUARY 19, 2024
Despite a documented preference that older Americans have to age in place, the current housing inventory is inadequate to support the needs of an aging population. This is according to a report from MarketWatch in collaboration with Columbia University ’s Age Boom Academy. Homes in which people raise their families may be too large to adequately support someone’s needs as they age, and naturally begin to see cognitive or mobility impairments, the story explained.
Real Estate News
JANUARY 19, 2024
A former female employee claims she was harassed, then fired for resisting advances from Chris Nevada of the Nevada Real Estate Group.
Housing Wire
JANUARY 19, 2024
Local community developers bidding on foreclosures in the second half of 2023 are signaling a slowdown in U.S. home price appreciation in the first half of 2024, with a rising risk that appreciation will dip back into negative territory. The risk of a double dip in home price appreciation varies substantially by market, even among some markets in the same region and state.
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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
JANUARY 19, 2024
Senior housing expert Rachael Hite shares data around seniors, aging in place, downsizing and the real cost of retirement. Housing experts predicting a "Silver Tsunami" are underestimating what boomers actually want.
Housing Wire
JANUARY 19, 2024
The rash of recent mortgage and title industry data breaches serves as a sobering reminder of the paramount importance of cybersecurity. In this first installment of our reducing cyber risk series, let’s explore a crucial facet of cybersecurity: bolstering resilience in your critical systems and services. Just like a well-built castle can withstand attacks, having defined resiliency requirements for your digital infrastructure can help reduce risks and protect your business from a potential brea
Inman
JANUARY 19, 2024
Homesellers allege 36 Realtor association, brokerage, and multiple listing service defendants conspired to inflate buyer broker commissions in violation of state and federal antitrust laws.
Housing Wire
JANUARY 19, 2024
Country Club Mortgage , a home lender based in California , has decided to lay off over 100 employees due to “facility closures,” documents sent to state regulators show. “This letter serves to give you an amended 60-day notice of permanent layoffs and facility closures effective Feb. 6, 2024,” Sherry Carson, human resources generalist at Country Club Mortgage, wrote in a letter sent to the Employment Development Department in California in early December.
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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
JANUARY 19, 2024
Government alleges competitors in Patriot's peer group made home loans in minority areas of Memphis at almost three times the rate of Patriot from 2015 to at least 2020.
Housing Wire
JANUARY 19, 2024
Tennessee-based community bank Patriot Bank agreed to pay $1.9 million to resolve allegations from the Department of Justice (DOJ) that it engaged in redlining discriminatory practices. The DOJ alleged that from 2015 through at least 2020, Patriot avoided providing mortgage services to majority- Black and Hispanic neighborhoods in Memphis, Tennessee and discouraged people seeking credit in those communities from obtaining home loans.
Inman
JANUARY 19, 2024
Listing tour and digital twin solution iGuide has updated its suite of products with a faster, cost-efficient method for creating immersive property experiences called iGuide Instant.
Housing Wire
JANUARY 19, 2024
Nonbank mortgage lender and servicer loanDepot has started to restore functionality to some of its technology systems impacted by an early January cyberattack. However, its operations remain impacted as it continues to investigate the incident. On Jan. 18, the company began to restore several impacted systems over the course of the day beginning with its servicing customer portal.
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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
JANUARY 19, 2024
In some markets, prime real estate close to one of the nation's leading destinations can be had for as little as $110,000. Elsewhere, it might cost a homebuyer several millions of dollars to live next to their favorite landmark.
Housing Wire
JANUARY 19, 2024
Real estate professionals in California are facing yet another commission lawsuit. Filed on Thursday in U.S. District Court in Sacramento by Willsim Latham, LLC., the copycat suit alleges that real estate industry players have colluded to artificially inflate real estate agent commissions. The lawsuit names MetroList Services , the area’s MLS, Sacramento Association of Realtors , Placer County Association of Realtors , El Dorado County Association of Realtors , Lodi Association of Realtors , Yol
Inman
JANUARY 19, 2024
One of a number of consumer-facing solutions that promises to minimize the role of the agent for the sake of efficiency, this platform still lacks some of the advanced technologies needed to advance the transaction beyond the reach of those licensed to sell homes.
Housing Wire
JANUARY 19, 2024
No set path exists for any professional to enter the reverse mortgage industry. People often find themselves in the business from various other professions. It’s the case for Finance of America Companies (FOA) Chief Marketing Officer Chris Moschner. Arriving at FOA following its acquisition of American Advisors Group (AAG) last year, Moschner already had a successful marketing career before joining the industry’s leading lender.
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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
JANUARY 19, 2024
The new lawsuit — the second filed in California this week — takes aim at rules enacted and enforced by MetroList and complied with by some of the nation's biggest real estate firms.
RIS Media
JANUARY 19, 2024
When Bright MLS Chief Economist Dr. Lisa Sturtevant finished predicting 2024 mortgage rates, inventory levels, inflation numbers and more at RISMedia’s Rocking in the New Year virtual event during her session titled, “The 2024 Economy: Are Things Finally Getting Better?” she made two points that REALTORS® nationwide could take to heart. One was that many… The post All Signs Point to 2024 Home Sales Reversing Negative Trends of 2023 appeared first on RISMedia.
Inman
JANUARY 19, 2024
The Airbnb Housing Council will advise the home-sharing company on policies and initiatives it can support to combat housing affordability and inventory issues.
RIS Media
JANUARY 19, 2024
With headwinds like low inventory, elevated mortgage rates and still-increasing home prices, it’s been a difficult time for many Americans to become homeowners. Adding to that struggle has been another inhibitor—institutional buyers. These types of buyers, such as hedge funds and other financial firms, are now players in the single-family home market, often buying houses… The post 2023 Saw a Decline in Investor Purchases appeared first on RISMedia.
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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.
Inman
JANUARY 19, 2024
California attorney general Rob Bonta claimed in a civil lawsuit filed in LA County Superior Court that Shangri-La Industries illegally put developments in the state's Project Homekey homeless housing program under threat by borrowing against them.
Bigger Pockets
JANUARY 19, 2024
Foreclosure numbers rose steadily throughout 2023 and increased year-over-year from 2022. Now, as we enter 2024, will those numbers hold up, and what should you make of them?
Inman
JANUARY 19, 2024
Federal Judge Thomas S. Zilly declined REX's motion for a retrial on Thursday. The company had been a years-long battle with Zillow over alleged antitrust activity regarding its IDX policies.
Eye on Housing
JANUARY 19, 2024
Despite record high inflation rates, rising interest rates, and worsening housing affordability, young adults continued the post-pandemic trend of moving out of parental homes in 2022. The share of young adults ages 25-34 living with parents or parents-in-law declined and now stands at 19.1%, according to NAHB’s analysis of the 2022 American Community Survey (ACS) Public Use Microdata Sample (PUMS).
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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