Thu.Nov 14, 2024

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Fannie and Freddie ‘met or exceeded’ almost all single-family housing goals over four years

Housing Wire

The Congressional Budget Office (CBO) this week published a report assessing the performance of government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac in reaching their single-family housing goals. The CBO found that the GSEs “met or exceeded” nearly all goals over a four-year period from 2018 to 2022. The CBO analyzed data from the Federal Housing Finance Agency (FHFA) data in its report.

Loans 514
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NAR economists offer dire warnings about inventory, rates

Real Estate News

If home price growth continues at the current pace, “America will be completely divided,” said Chief Economist Lawrence Yun. The solution? “More supply.

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15 Facebook groups every real estate agent & broker should join today

Housing Wire

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. While new social media platforms seem to pop up all the time, Facebook remains a tried-and-true platform for real estate agents to grow their business in a variety of ways. Joining and engaging with groups of fellow Realtors on Facebook should be a key tool in every agent’s toolbox.

Agents 418
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Commissions relatively unchanged following NAR settlement

Real Estate News

An analysis of more than 17,000 transactions initiated within 60 days of Aug. 17 showed only minor shifts in percentages, though transactions were down overall.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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Trending growth solutions for real estate brokers and team leaders in 2025

Housing Wire

With the election behind us, the industry is refocused on building momentum and driving growth in 2025. Next year, real estate brokers and team leaders can adapt, innovate and truly thrive in the new market. With these unique strategies, brokers can achieve sustainable success while staying ahead in a competitive market. Here’s four strategies for leaders looking to maximize growth and position their brokerages and teams for success. 1.

Brokerage 397
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Zillow president steps down, company names new COO

Real Estate News

President Susan Daimler is departing after 12 years at the company, while SVP Jun Choo moves into the C-suite.

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More Trending

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Court refuses to pause eXp case citing 'questionable behavior'

Real Estate News

Judge Stephen Bough said discovery could continue into whether deals reached by eXp and Weichert with the Hooper plaintiffs constituted a "reverse auction.

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CrossCountry Mortgage hires former Pennymac execs

Housing Wire

CrossCountry Mortgage , a top-10 U.S. mortgage lender, has hired a team of former Pennymac Financial Services executives to lead its capital markets and investment-related activities. On Wednesday, CCM announced Vandad Fartaj as the chief investment officer, William Chang as chief capital markets officer, and Tom Rettinger as chief portfolio risk officer.

Mortgages 354
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Homebuying demand ticks up despite elevated rates

Real Estate News

With the election over and rates appearing to stabilize, more would-be buyers were looking at homes this past week.

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Court denies eXp’s motion to stay Gibson suit despite settlement

Housing Wire

Despite negotiating a settlement agreement , eXp World Holdings ’ commission lawsuit challenges persist. On Thursday, Judge Stephen R. Bough, who is overseeing the Gibson suit , denied eXp’s motion to stay the case pending approval of the settlement the firm negotiated with the Hooper commission lawsuit (formerly Phillips ) plaintiffs in Georgia. In his ruling, Bough describes a stay as “extraordinary relief such that the requesting party ‘must make out a clear case of hardship or inequity in b

As-is 353
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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

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.

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Should You Sell Your House or Rent It Out?

Keeping Current Matters

When you’re ready to move, figuring out what to do with your house is a big decision.

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The Lutz commission lawsuit could soon include 31 new plaintiffs

Housing Wire

The plaintiffs in the Lutz homebuyer commission lawsuit are looking to file yet another amended complaint. In a motion filed on Monday, James Lutz told the court that in his proposed amended complaint, he would add 31 more named plaintiffs to the suit. According to the motion, the “newly added Plaintiffs plead identical claims to those that Plaintiff has already pled and which have been upheld in related litigations.

Staging 356
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NAR hit with new 3-way agreement suit as enrollment imbroglio builds

Inman

The antitrust lawsuit filed by broker John Diaz in U.S. District Court in Los Angeles claims the membership agreement creates "an anti-competitive monopoly over MLS services.

MLS 173
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Realoq launches new ‘360-degree’ data solution

Housing Wire

Real estate marketing startup Realoq is launching a new data solution for brokers and agents. The new “360-degree product experience” will help brokerages and real estate professionals access data, manage listings and ensure accuracy. Rexdat — a technology firm offering a subscription-based, cloud-powered, software-as-a-service (SaaS) platform—powers the new tool.

Branding 351
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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

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.

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Commissions held steady in 60 days after Aug. 17 deadline: Study

Inman

Commissions haven't changed much since the NAR settlement terms went into effect, but early signs show where things may be heading, dueling surveys by AccountTECH and Inman Intel show.

Agents 164
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A closer look at investor attitudes and trends in reverse mortgage stocks

Housing Wire

With several top 10 reverse mortgage lenders now active in some form within the U.S. stock market, companies like Finance of America (FOA) and Ellington Financial — the parent of reverse lender Longbridge Financial — have recently released their third-quarter 2024 earnings results. In the case of FOA — the current industry leader — the earnings results were robust.

Investor 322
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EXp suffers setback in bid for ‘sweetheart’ commission deal

Inman

A judge has denied the brokerage's request for a stay in the Gibson case, saying a tactic the company is accused of using to settle a different suit involves a "collusive element.

Brokerage 154
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The typical mortgage lender made a profit of $701 per loan in Q3

Housing Wire

Independent mortgage banks ( IMBs ) as a group expanded their profitability in the third quarter of 2024. But fewer companies recorded profits compared to the previous quarter, despite a brief dip in mortgage rates. According to the Mortgage Bankers Association (MBA), IMBs and mortgage subsidiaries of chartered banks reported an average pretax net profit of $701 per loan in Q3 2024, up from $693 in Q2.

Loans 379
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The Broker Action Plan for the Post-NAR Lawsuit Landscape

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.

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Samantha Giuggio named Fathom Realty president, COO transitions

Inman

Fathom Holdings has announced Samantha Giuggio as Fathom Realty president and Fathom Holdings chief operations officer and Jon Gwin's appointment as chief revenue officer.

Brokerage 153
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Training to lead: How to build leaders in your mortgage business

Housing Wire

One of the greatest gifts you can give to your organization—and to the people within it—is the opportunity to grow into leadership. In the mortgage industry, where change is constant and challenges can be relentless, strong leadership isn’t just a competitive advantage; it’s the foundation that keeps teams grounded and resilient. Imagine a culture where every person is not just executing tasks but stepping up as a leader.

Mortgages 367
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Show team spirit by adding sports sponsorship to your marketing plan

Inman

Sponsoring a local sports team is about more than name recognition and mindshare, CEO Steve Kloetsch writes. It can provide tangible benefits for your lead generation, recruitment and retention goals.

Marketing 147
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Inside Real Estate hires two new execs for its leadership team

Housing Wire

After two years of growth and expansion, real estate technology provider and software company Inside Real Estate is beefing up its executive team. On Tuesday, the firm announced the creation of two new leadership roles, which the company said will help to further enhance its tech offerings. The two new roles are chief product officer and chief revenue officer, which will be filled by Julia Laurin and Josh Johnsen, respectively.

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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

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.

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12 objection-handling analogies real estate agents need in 2025

Inman

Metaphors and analogies help you communicate with clarity, confidence and compassion, coach Darryl Davis writes, turning conversations into connections and objections into opportunities.

Agents 144
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United Real Estate expands its presence in New Orleans

Housing Wire

New Orleans -based United Real Estate Partners is continuing to expand. On Thursday, the firm announced a merger with Real Estate Resource Group. According to the announcement, the merger will further strengthen United’s foothold in the Greater New Orleans area. Earlier this year, the firm announced another merger with Team Geaux Realty. “The accelerating growth now happening in the Greater New Orleans market is gratifying and will continue in the months ahead.

Brokerage 358
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5 reasons to get excited about your business heading into 2025

Inman

What doesn’t kill us makes us stronger, Real's Jimmy Burgess writes. Be more prepared than ever to see life-changing growth in your business in the coming year.

Agents 152
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Corcoran’s Stephanie Anton on real estate franchising and servant leadership

Housing Wire

In the newest episode of the RealTrending podcast , host Tracey Velt chats with Stephanie Anton, president of Corcoran Affiliates , the worldwide affiliate network for The Corcoran Group. In this conversation, Anton teaches listeners how to find their value proposition and leverage these skills into servant leadership. This interview has been edited for length and clarity.

Branding 342
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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

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.

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Portals and disruptors are eyeing the future of mortgage markets

Inman

The companies that can afford to, including Zillow, are aggressively growing MLO headcount in order to capture future market share, Mike DelPrete writes.

Marketing 144
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‘Gray tsunami’ comes to South Carolina, testing local resources

Housing Wire

The state of South Carolina is experiencing an influx of retired baby boomers , which could test the capacity of its infrastructure in areas such as health care and transportation services, as well as resources for dealing with isolation and the job market, according to reporting by Charleston-based newspaper The Post and Courier. In the realm of housing, the term “ silver tsunami ” often refers to the idea that older homeowners will aim to downsize and sell their homes, theoretically flooding t

Mortgages 335
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US credit ratings could soon be another worry for mortgage rates

Inman

Rating agencies are keeping a close eye on whether politicians in the nation's polarized Capitol will rise to challenges including the rising national debt, looming debt ceiling and inflation.

Mortgages 132
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Polly CEO Adam Carmel on his mission: cutting costs for lenders

Housing Wire

HousingWire Editor in Chief Sarah Wheeler sat down with Adam Carmel , founder and CEO of Polly , to talk about his thought process for solving customer problems and why cutting costs for mortgage lenders is paramount. This interview has been edited for length and clarity. Sarah Wheeler: What differentiates Polly’s technology? Adam Carmel: The technology is only as good as the people building it, and their propensity to really push the envelope and think through all of the pain points that have e

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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

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.