Housing Wire
OCTOBER 1, 2024
Katie Johnson is stepping down from her role as chief legal officer for the National Association of Realtors. CEO Nykia Wright informed NAR members of the news in an email sent Tuesday and obtained by HousingWire. Johnson, who has spent 17 years at the trade association, has also been serving as NAR’s chief membership experience officer. Her last day will be Oct. 4.
Real Estate News
OCTOBER 1, 2024
Johnson oversaw historic — and very public — legal cases for the organization, including the buyer agent commission lawsuits and sexual harassment litigation.
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Housing Wire
OCTOBER 1, 2024
As many as 80% of the 60-and-older population are unable to afford either long-term care or basic necessities like food, reflecting the serious financial challenges faced by older Americans despite their overwhelming preferences for aging in place. This is according to reporting by Phoenix-based National Public Radio (NPR) affiliate KJZZ , based on data from the National Council on Aging (NCOA) and researchers at the University of Massachusetts at Boston.
Keeping Current Matters
OCTOBER 1, 2024
After months of sitting on the sidelines, many homebuyers who were priced out by high mortgage rates and affordability challenges finally have an opportunity to make their move.
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Housing Wire
OCTOBER 1, 2024
In an era when “disruptive innovation” has become a tired buzzword, REcolorado is quietly rewriting the playbook for Multiple Listing Services (MLS) with an approach that’s less Silicon Valley and more Main Street. The Colorado-based MLS has tapped into a resource that many tech giants often overlook: the collective wisdom of its users.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
OCTOBER 1, 2024
The 13 brokerages and 15 non-Realtor-owned MLSs that have settled the commission lawsuits through the opt-in mechanisms in the National Association of Realtors’ (NAR) settlement agreement are seeking preliminary approval of their deals. In an unopposed motion filed on Monday, the plaintiffs in the Sitzer/Burnett suit asked the court for preliminary approval of these settlements and to allow for the permissive joinder of the entities that opted in.
Real Estate News
OCTOBER 1, 2024
The brokerage giant is asking NAR to allow greater flexibility around Clear Cooperation and co-mingling, and loosen restrictions for non-member agents.
Housing Wire
OCTOBER 1, 2024
Have you ever taken a great photo only to realize later that there’s a random person in the background, an object that doesn’t belong or something you simply don’t want in it? Real estate agents now have a new tool to remove these distraction from home staging photos — and no, it’s not Apple Intelligence. Matterport , a technology company that creates 3D models of buildings, has rolled out a tool called “defurnish,” which is an AI-powered function that allows agents to remove items i
Inman
OCTOBER 1, 2024
Compliance expert Summer Goralik tackles why the commission-splitting debate remains unresolved and whether listing agreements should still include buyer agent compensation fields.
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Housing Wire
OCTOBER 1, 2024
The U.S. jobs report for September is set to be released Friday, and it could prove to be a pivotal moment for the Federal Reserve as it determines how to shape monetary policy moving forward. The past three months have included underwhelming data in the labor market. In August, nonfarm payrolls expanded by 142,000 positions — below the Dow Jones consensus forecast of 161,000.
Inman
OCTOBER 1, 2024
After a decade leading the trade group's legal team — including through sexual harassment scandals and numerous anti-trust commission lawsuits — Johnson is leaving.
Housing Wire
OCTOBER 1, 2024
Rocket Mortgage has struck a deal to handle the servicing and recapturing activities for a portion of the mortgage servicing rights (MSRs) of real estate investment trust Annaly Capital Management , the companies announced on Tuesday. Terms of the deal were not disclosed. Annaly has $75 billion in assets invested across its agency mortgage-backed securities (MBS), residential credit and MSR strategies.
Inman
OCTOBER 1, 2024
Nearly a hundred real estate professionals shared their thoughts on NAR's Clear Cooperation Policy with Inman, revealing a schism between supporters and opponents of the controversial rule.
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Housing Wire
OCTOBER 1, 2024
The Federal Housing Finance Agency (FHFA) is planning to examine innovations in the multifamily housing space following its TechSprint event in late July, which focused on innovative use cases in housing for generative artificial intelligence (gen AI). “There’s a lot of innovation taking place in the multifamily space. There’s at least a desire for more innovation in that space,” said Anne Marie Pippin , deputy director of the FHFA’s Division of Conservatorship Oversight and R
Inman
OCTOBER 1, 2024
Some real estate leaders say the focus on Clear Cooperation stems from the recent commission lawsuits. But other see a deeper question about brokerage profits at the heart of the issue.
Housing Wire
OCTOBER 1, 2024
REcore , a software-as-a-service and data licensing solutions provider for multiple listing services (MLSs), has announced the launch of its new MLS Buyer Registry tool. According to the announcement, the product is designed to address potential issues regarding buyer and agent compliance with the newly mandated buyer agency agreements. REcore said that the tool will help MLSs to ensure their subscribers are complying with the business practice changes outlined in the National Association of Rea
Inman
OCTOBER 1, 2024
Like a car that was going 100 mph and has slowed down to 70 mph, Moreland Properties COO and broker of record says it's "very healthy" that homes are taking a little longer to sell.
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Housing Wire
OCTOBER 1, 2024
With interest rates trending downward and refinances picking up, the industry is preparing for an upswing. This shift is welcomed good news given the tough origination market over the last two years. However, the most recent ACES Mortgage QC Industry Trends Report found critical defect rates jumped up in the first quarter (Q1) of this year. Not only does this break a five-quarter-long downward trend, but this uptick in defects happened at a time when mortgage originations were at their lowest le
Inman
OCTOBER 1, 2024
The suit names Equity Realtors, HomeSmart International and Fathom Realty as defendants. It also describes NAR as a co-conspirator, but doesn't name the organization as a defendant.
RIS Media
OCTOBER 1, 2024
After more than two years of heavy-handed rate-raising by the Federal Reserve, which was largely responsible for putting the brakes on a historically hot pandemic housing market, Fed Chair Jerome Powell yesterday explicitly said that the central bank believes the country has avoided a recession and navigated a so-called “soft landing”—but still sees housing inflation… The post Powell Says Recession Risk Gone, but Housing Inflation Will Persist for ‘Some Years’ appeared first on RISMedia.
Inman
OCTOBER 1, 2024
After 24 years of running an illegal escort service, mother-son crime duo Margareta von Lambert and Christopher Jelavic have been busted for using von Lambert's real estate and art businesses to launder their profits. Von Lambert, 70, and Jelavic, 48, were arrested on Sept. 11, several days after attempting to charter a flight to Brazil.
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RIS Media
OCTOBER 1, 2024
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. REALTORS® are no strangers to marketing—it being an essential part of growing your business. Seasonal marketing, however, is not always everyone’s cup of tea. While it might be… The post Social Skills: Fall Into Seasonal Marketing appeared first on RISMedia.
Inman
OCTOBER 1, 2024
A Hawaii homeowner finds himself in hot water after his oceanfront home on Oahu’s North Shore collapsed into the ocean. Now the state is demanding he cover the cleanup costs.
RIS Media
OCTOBER 1, 2024
Real Estate Webmasters (REW) recently unveiled a significant update to its CRM platform, focusing on the Lead Details page—an enhancement that is part of the company’s ongoing commitment to innovation, aimed at improving usability, efficiency and agent engagement. Here’s a look at some of the standout features of the redesign, and why it’s a game-changer… The post Improving Usability, Efficiency and Agent Engagement appeared first on RISMedia.
Inman
OCTOBER 1, 2024
Kalispell, Montana-based Mann Mortgage, which operated branches in states throughout the West and Southeast, had tangled with regulators in Idaho and Washington.
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RIS Media
OCTOBER 1, 2024
Homebuyers always have two options with their purchase: do they buy a previously-owned house, or a newly constructed one? Realtor.com® has published a list highlighting the 10 towns in the U.S. with the most affordable prices for newly constructed homes. The list cites a July report from the National Association of REALTORS® (NAR), which said… The post The 10 Cities With the Most Affordable Newly Constructed Homes appeared first on RISMedia.
Inman
OCTOBER 1, 2024
The company has hired Selim Freiha to serve as its chief financial officer and Shrisha Radhakrishna to serve as its chief technology and product officer.
RIS Media
OCTOBER 1, 2024
Above, Katie Johnson speaking at RISMedia’s CEO & Leadership Exchange on Sept. 5, 2024. Photo by AJ Canaria. Katie Johnson, longtime general counsel for the National Association of REALTORS® (NAR), who also served as the organization’s chief member officer, is stepping down, a spokesperson for NAR confirmed to RISMedia. Johnson had spent 17 years with… The post NAR Chief Legal Officer Resigns appeared first on RISMedia.
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