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.
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
The Federal Housing Administration (FHA) on Tuesday issued an informational notice to mortgage lenders in which it reiterates various loss-mitigation options afforded to companies and borrowers who are engaged in FHA lending programs in presidentially declared major disaster areas (PDMDAs). The guidance applies to origination and servicing for both traditional forward mortgages as well as Home Equity Conversion Mortgages ( HECMs ) for senior borrowers, the agency said.
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.
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
OCTOBER 1, 2024
The role and value of real estate agents has come under scrutiny since the National Association of Realtors (NAR) settled a bevy of antitrust lawsuits related to offers of agent compensation on Realtor-owned multiple listing services (MLSs). While it’s unclear exactly how home buyers and sellers are reacting to the situation, a startup tech company called Rayse is “pushing back on the settlement” with a new communication platform that allows prospective buyers to track what their agents are doin
Real Estate News
OCTOBER 1, 2024
KW Cares has sent more than 450 generators to associates in the Carolinas, while RE/MAX and Anywhere are helping direct funds to affected agents.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
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
RESPA Section 8 and CFPB Regulation X maintain firm prohibitions against kickbacks and unearned fees, with particular statutory exemptions, about all settlement services involving federally related mortgage loans. “No person shall give, and no person shall accept any fee, kickback, or thing of value pursuant to any agreement or understanding, oral or otherwise, that business incident to or a part of a real estate settlement service involving a federally related mortgage loan shall be refer
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
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.
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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
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.
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
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.
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.
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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
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
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
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.
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.
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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
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.
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
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.
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
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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
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.
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 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
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.
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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.
Eye on Housing
OCTOBER 1, 2024
Private residential construction spending fell 0.3% in August, according to the Census Construction Spending data. Nevertheless, it remained 2.7% higher compared to a year ago. The monthly decline in total private construction spending for August was largely due to reduced spending on single-family and multifamily construction. Spending on single-family construction fell by 1.5% in August.
Inman
OCTOBER 1, 2024
Organization and authenticity are key to effective networking. Broker and coach Zak Shellhammer offers tips for making connections count.
Eye on Housing
OCTOBER 1, 2024
After a period of slowing associated with declines for some elements of residential construction, the count of open construction sector jobs bounced back in the August data, per the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS). However, construction job openings remain slightly lower compared to a year ago.
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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