Housing Wire
JANUARY 8, 2024
National Association of Realtors President Tracy Kasper has resigned following a threat made against her, the trade group said Monday. “Kasper informed NAR’s Leadership Team that she recently received a threat to disclose a past personal, non-financial matter unless she compromised her position at NAR,” NAR said in a written statement. “She refused to do so and instead reported the threat to law enforcement.
Keeping Current Matters
JANUARY 8, 2024
If you want to buy a home, it's important to know how mortgage rates impact what you can afford and how much you’ll pay each month.
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Housing Wire
JANUARY 8, 2024
Top-15 U.S. mortgage lender loanDepot confirmed Monday morning that it is the industry’s latest cyberattack victim. The incident has brought loanDepot’s systems down. The California-based lender, which originated roughly $17 billion in mortgage loans from January to September 2023, said it has launched an investigation with the support of cybersecurity experts.
Real Estate News
JANUARY 8, 2024
Kasper had been in the role for just over four months following the resignation of former president Kenny Parcell. Kevin Sears is taking over as president.
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 8, 2024
Based on the trends we can see after the start of the year, I’ll project 2024 will see about 15% home sales growth over 2023. Home prices will be up this year by a few percentage points, also. These are very clear trends as we start the new year. 2022 started insanely strong and weakened rapidly in the second quarter. 2023 started with recovery, but slowed down in Q3 as mortgage rates hit 8%.
Real Estate News
JANUARY 8, 2024
The two firms — the only major brokerage companies yet to settle in the commissions cases — are on track to finalize their agreements this May.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
JANUARY 8, 2024
The public release of ChatGPT just over a year ago put a powerful AI tool in the hands of everyday users. Where will it go from here?
Housing Wire
JANUARY 8, 2024
The mortgage market should improve in 2024 due to a combination of competitive pressures easing and mortgage demand picking up from historical lows last year, according to a note from Piper Sandler , a leading investment bank. But don’t expect profitability to be significant compared to long-term historical averages as home prices still remain high.
Inman
JANUARY 8, 2024
The National Association of Realtors' leader said she recently received a "threat to disclose a past personal, non-financial matter unless she compromised her position at NAR.
Housing Wire
JANUARY 8, 2024
The battle among big brokerages for top agents continues in Texas, where eXp Realty added two top teams last week. The Mike Seder Group joined eXp after spending more than 25 years with RE/MAX. The team boasts 12 members, including Mike Seder’s wife Ally, and their two sons Patrick and Brett. Together, they serve communities in the Houston and Austin areas.
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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 8, 2024
As agents continue to reevaluate their brokerage affiliations heading into the new year, Seattle-based Sandra Hines, Blake Waggoner and Dave Janssens have all left Realogics Sotheby's International Realty for The Agency.
Housing Wire
JANUARY 8, 2024
ICE Mortgage Technology — part of Intercontinental Exchange (ICE) – will be offering lenders access to investment advisory advice in its Encompass loan origination system (LOS) through a partnership with Halcyon , a tech firm specializing in advanced data integration. “In the current market where the refi boom has dried up and interest rates are sky high, most home purchases are being driven by life events that come with other financial considerations.
Inman
JANUARY 8, 2024
If a slow year or industry changes have you feeling out of sorts, write Melanie Klein and Emily Bossert, the problem may be imposter syndrome. Find out how to fight it and get your joy back.
Housing Wire
JANUARY 8, 2024
Boutique luxury brokerage Tate Property Group has joined Coldwell Banker , the company announced last week. The Austin , Texas-based brokerage was founded in 2008 by Pat Tate, who will be jumping to Coldwell Banker with her son, Drew Tate, and three other agents. The group will relocate to the Coldwell Banker’s Westlake office. In a statement about the move, Drew Tate expressed a keen interest in the marketing and technology tools available at the family’s new home.
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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 8, 2024
Does the rapid slowdown in the economy mean a recession is now inevitable in the new year, or is a "soft landing" still possible? Economists are divided on the nation's economic outlook for 2024.
Housing Wire
JANUARY 8, 2024
Change is five years into its mission as a Community Development Financial Institution ( CDFI), a mission that has seen Change soar to become the nation’s largest non-QM lender. Change Chief Production Officer Jon Irvine describes how the company plans to navigate the next five years amid higher interest rates , a growing affordability crisis and other macro-economic headwinds.
Inman
JANUARY 8, 2024
Mortgage lender says an unauthorized party accessed its systems and encrypted some of its data, a tactic employed by ransomware groups to target more than 1,000 companies and organizations.
Housing Wire
JANUARY 8, 2024
The presiding judge in the ongoing bankruptcy case of Reverse Mortgage Funding (RMF) has approved a stipulation that would resolve an administrative claim made against the company’s estate by reverse mortgage servicing company Celink , authorizing both companies to consummate the agreement. The new agreement The agreement, stemming from a proof of claim filed against RMF by Celink in May 2023, originally sought $361,726 from the lender based on a subservicing agreement entered between both compa
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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 8, 2024
Pioneering excellence: Beau Blankenship of Engel & Völkers 30A Beaches and Corey Hasting of Engel & Völkers First Coast renew franchise commitment.
Housing Wire
JANUARY 8, 2024
Monday was the final date for parties to file post-trial motions in the Sitzer/Burnett commission lawsuit and litigants took it down to the wire to file their motions. The parties had since Oct. 31, 2023, when a Missouri jury found the National Association of Realtors , HomeServices of America , and Keller Williams liable for colluding to artificially inflate real estate agent commissions, to prepare and file these motions.
Inman
JANUARY 8, 2024
Gravy, an application built to support renters in their homebuying process, has been acquired by Clever Real Estate, a company that specializes in educating consumers about agent choice and the overall transaction process.
Housing Wire
JANUARY 8, 2024
A bevy of copycat commission lawsuit plaintiffs are looking to consolidate their nine suits in Missouri under Judge Stephen Bough, who over saw the Sitzer/Burnett commission lawsuit trial in October 2023. In a filing dated Dec. 27, 2023, the plaintiffs in the Gibson and Umpa suits, the oldest and the newest of the copycat suits, which were both filed in Missouri, ask the court if their suits, along with seven other copycat commission lawsuits can consolidate.
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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 8, 2024
Studies show that real estate agents are drinking too much. Here are some tips from Rachel Hite to help you reduce or abstain from drinking in 2024.
RIS Media
JANUARY 8, 2024
One of the most essential steps when buying a house or refinancing your existing home is the appraisal. Appraisals can make or break a real estate transaction. Appraisers have significant power in the role they perform for a mortgage lender. After all, their word is gospel. Given their importance, they must be accurate with their… The post Frequently Asked Questions About Home Appraisals appeared first on RISMedia.
Inman
JANUARY 8, 2024
Stijn Van Nieuwerburgh, whose 2022 paper inspired debate about the future of big cities, says things now seem to be looking up for New York City.
Calculated Risk Real Estate
JANUARY 8, 2024
From Moody’s Analytics Economists Thomas LaSalvia, Lu Chen and Nick Luettke: Apartment and Industrial Changed Course, Office Entered Uncharted Territory, and Retail in Holding Pattern Construction has been a hot topic for multifamily sector, especially after a sluggish few years due to supply chain constraints and labor shortages. As Moody’s Analytics CRE tallies Q3 completion number Multifamily performance changed course in the fourth quarter with net absorption plummeted from an av
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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.
NAR: Economic Outlook
JANUARY 8, 2024
State-to-State Migration Trends in 2022 The number of people who moved between states rose from approximately 7.9 million in 2021 to approximately 8.2 million in 2022.
RIS Media
JANUARY 8, 2024
Buying a home is a significant life decision, and choosing the right buyer’s agent is crucial to ensuring a smooth and successful transaction. However, there are instances where the relationship with your buyer’s agent may not work out as expected. You may find yourself contemplating the need to break up with them. We will explore… The post Can You Break Up With Your Buyer’s Agent?
Eye on Housing
JANUARY 8, 2024
The year-over-year (YOY) growth rate for residential building worker wages decelerated to 0.6% in June 2023. Over the past five months, wage growth accelerated moderately and reached 4.0% in November. Overall, average hourly earnings for residential building workers* increased at a relatively slower pace in the past year, compared to the peak rate of 8% in October 2021.
RIS Media
JANUARY 8, 2024
National Association of REALTORS® (NAR) President Tracy Kasper is resigning her position effective immediately, NAR announced today in a press release shared with RISMedia, after she “received a threat to disclose a past personal non-financial matter.” According to NAR, Kasper was pressured to “compromise” her position at NAR by the unnamed party or parties, but… The post NAR President Tracy Kasper Resigns After Apparent Blackmail Attempt appeared first on RISMedia.
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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