Housing Wire

MAY 2, 2024

Keller Williams was named to an additional class-action lawsuit that takes issue with alterations made to the brokerage’s profit-sharing program. On Thursday, James McFarlane filed a complaint aiming for class-action status in the U.S. District Court of Maine. McFarlane was associated with Keller Williams from 2004 to 2018. In the past several weeks, 13 agents formerly affiliated with Keller Williams — Jerri Moulder, David Bueker, Robert Hill, Kevin Ortiz, Edward Fordyce, Paul Davis, Penny Alper

Agents 456

Agents Brokerage Industrial As-is 456

Keeping Current Matters

MAY 2, 2024

You may have heard mortgage rates are going to stay a bit higher for longer than originally expected.

Mortgages 328

Mortgages 328

Housing Wire

MAY 2, 2024

Top U.S. loan officer Timothy Potempa has departed Dallas-based multichannel lender OneTrust Home Loans to join E Mortgage Capital , bringing his team of about 40 people and more than $300 million in annual production to the company headquartered in California. “I’ve been in the industry since I was 18, so this year will be 22 years, and I’ve only been in five companies,” Potempa said in an interview. “The transition just became along the lines of the team’s a

Loan Officer 447

Loan Officer Mortgages VA loan Lending 447

Real Estate News

MAY 2, 2024

Once new rules go into effect — between July and September — agents will need to embrace “the new regime” to avoid liability, and to ensure they get paid.

Agents 207

Agents 207

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.

Industrial

Housing Wire

MAY 2, 2024

The housing market has been on a topsy-turvy roller-coaster ride in recent years that has been particularly neck wrenching since this past fall, fueled by stubbornly high inflation and a still-strong jobs market. In early November, 30-year fixed mortgage rates began a nosedive, declining from near 8% to below 7% in a matter of months before once again starting to rise at the start of 2024.

Mortgages 450

Mortgages Marketing Loans Equity 450

Real Estate News

MAY 2, 2024

Rates are likely to stay higher for longer, but as inventory builds, pent-up demand and more home choices could entice buyers — if they can afford it.

Mortgages 210

Mortgages 210

Real Estate News

MAY 2, 2024

Even as revenue fell sharply year-over-year, the iBuyer sees an opportunity to “shape the future of real estate” by giving consumers more options.

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209

Housing Wire

MAY 2, 2024

The number one rule of the marketplace is to understand your customer. Knowing what they need, what they want and what they fear is fundamental for success. The housing market has shifted. Today it’s dominated by baby boomers who make up 39% of all homebuyers and 52% of all home sellers. Known as “Peak 65”, in 2024 more than 12,000 people per day will turn 65.

Equity 441

Equity Lending Staging Mortgages 441

Inman

MAY 2, 2024

Keeping Current Matters CEO David Childers and Jimmy Burgess discuss why a relevant market opinion based on facts, not fears, is key for educating consumers and navigating industry changes.

Industrial 186

Industrial Marketing Brokerage Agents 186

Housing Wire

MAY 2, 2024

The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) this week announced a new policy enabling mortgage borrowers to “request a re-assessment of the appraised value of their property if they believe that the appraisal was inaccurate or biased.” An announcement on Thursday from HUD and a new Mortgagee Letter (ML) published Wednesday by the FHA clarifies that the policy applies to all Title II single-family programs, including the Home Equity Conv

Mortgages 450

Mortgages Equity Lending Loans 450

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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.

Brokerage

Real Estate News

MAY 2, 2024

Following a series of leadership changes, the company is focusing on cutting expenses as it navigates the tough real estate market.

Agents 183

Agents As-is Marketing 183

Housing Wire

MAY 2, 2024

Real estate agents appear to be more open to changing brokerages in 2024 compared to last year, according to a recent Coldwell Banker survey. The report found that 61% of agents plan to stick with their current company this year, down from 75% of agents in 2023. Meanwhile, Coldwell Banker-affiliated agents showed no significant change in their likelihood to switch companies, with 69% prepared to stay put in 2024 compared to 70% in 2023.

Brokerage 440

Brokerage Agents Branding Technology 440

Inman

MAY 2, 2024

Total revenue declined by 8.3 percent year over year to $78.3 million during the first quarter of 2024, which still bested analysts' expectations for revenue to fall by 9.5 percent.

Brokerage 174

Brokerage Mortgages Marketing 174

Housing Wire

MAY 2, 2024

Things just keep getting better, according to real estate brokers surveyed for the Q2 2024 HousingWire BrokerPulse survey , with 54% who are “optimistic” about the next three months in residential brokerage, compared to some 48% of those surveyed for the Q1 2024 HousingWire BrokerPulse survey who felt the same. The same can’t be said about their optimism over interest rates, where 74% said they would be flat and 22% said they would go down in the next three months, compared to

Brokerage 433

Brokerage Agents Residential Sales 433

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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.

Agents

Inman

MAY 2, 2024

The class action lawsuit filed by plaintiff James Lutz alleges that HomeServices and other members of the National Association of Realtors fixed commissions, which misled buyers and resulted in buyers paying inflated home prices.

Brokerage 173

Brokerage 173

Housing Wire

MAY 2, 2024

While revenue rose at eXp World Holdings during the first quarter of 2024, the firm was still unable to turn a profit due to the challenging housing market. In Q1 2024, the company reported a $15.6 million loss compared to a net gain of $1.5 million in Q1 2023. Revenue at the parent company of eXp Realty increased 11% year over year to $943 million during the first quarter of 2024, executives disclosed on Wednesday.

Brokerage 418

Brokerage Agents Investor Development 418

Inman

MAY 2, 2024

Cultural economist Mike Green looks at the aftermath of NAR's 2020 apology and what it would take to create a more equitable and inclusive housing market.

Marketing 169

Marketing MLS Brokerage Agents 169

Housing Wire

MAY 2, 2024

Luxury brokerage Engel & Volkers Atlanta is expanding its footprint in the Georgia capital through the acquisition of AtHome & Co., the company announced on Wednesday. Led by real estate veterans Noelle Larson and Susi O’Connor, the AtHome team serves the Georgia counties of Cobb, Cherokee, Dawson, Forsyth and North Fulton with its nine agents.

Brokerage 416

Brokerage Agents Sales 416

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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.

Agents

Inman

MAY 2, 2024

Embrace the potential of auctions and understand how to navigate their benefits and risks effectively, new Inman contributor Chad Roffers writes. By doing so, you and your clients can tap into new opportunities and elevate your approach to listing properties.

Brokerage 152

Brokerage Agents 152

Housing Wire

MAY 2, 2024

Real estate brokerage William Raveis has returned to the acquisitions business. On Thursday, the family-owned firm announced that it had acquired South Carolina -based Carson Realty. The financial terms of the deal were not disclosed. The acquisition comes after William Raveis acquired three other firms last fall. Founded in 2006, Carson Realty serves clients in the South Carolina markets of Hilton Head, Bluffton and Lake Keowee.

Brokerage 390

Brokerage Technology Development Agents 390

Inman

MAY 2, 2024

On its quest to reclaim the title of nation's biggest mortgage lender, Rocket didn't sacrifice profits, generating $291 million in net income as revenue grew 107 percent from a year ago, to $1.38 billion.

Mortgages 149

Mortgages Title Marketing 149

Housing Wire

MAY 2, 2024

Ocwen Financial Corp., parent company of PHH Mortgage Corp. and Liberty Reverse Mortgage , reported an overall improvement in its business performance for the first quarter of 2024 — including better reverse mortgage performance attributed to servicing and higher gains on loans held for sale. Under generally accepted accounting principles (GAAP), Ocwen reported GAAP net income of $30 million or diluted earnings per share of $3.74, which company CEO Glen Messina characterized as the “highest leve

Mortgages 374

Mortgages Branding Equity Loans 374

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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.

Sales

Inman

MAY 2, 2024

Learn more about this managing partner of The Agency Steamboat Springs who also leads a top-producing, award-winning real estate team.

Brokerage 169

Brokerage 169

RIS Media

MAY 2, 2024

When choosing a dream vacation home or a permanent residence, deciding between a lake house and a beach house is a common dilemma. If you have vacationed and enjoyed both, the decision could be challenging. Sometimes, when vacationing in either location for a short period, you may not think about the long-term consequences of ownership.… The post Lake Home vs Beach House: Pros and Cons of Each appeared first on RISMedia.

Industrial 138

Industrial Agents 138

Inman

MAY 2, 2024

While 2024 is looking like more of the same down market, leading indicators may point to happier days ahead, according to Mike DelPrete.

Marketing 161

Marketing Sales 161

RIS Media

MAY 2, 2024

The 30-year fixed-rate mortgage (FRM) averaged 7.22% this week, rising for the fifth-consecutive week and up from last week’s 7.17%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday. This week’s numbers: The 30-year FRM averaged 7.22% as of May 2, 2024, up from last week when it averaged 7.17%.… The post Mortgage Rates Increase for Fifth-Straight Week appeared first on RISMedia.

Fixed-rate mortgage 119

Fixed-rate mortgage Mortgages Marketing Industrial 119

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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.

Brokerage

Inman

MAY 2, 2024

Opendoor drew $1.2 billion in revenue between January and March, according to first-quarter earnings data released Thursday. The new numbers reflect a tough market, but also some hope for the iBuyer.

Marketing 143

Marketing Technology 143

HomeLight

MAY 2, 2024

If you’re thinking about selling your Utah home without a real estate agent, a flat-fee MLS listing service can be a valuable tool. These services allow For Sale By Owner (FSBO) sellers to list their homes on the local multiple listing service (MLS), typically only accessible by agents. The MLS can expand your property’s visibility to a broader audience of potential buyers, without the need to hire a real estate agent, In this post, we’ll dive into the nuances of using a flat f

MLS 110

MLS Agents Sales Marketing 110

Inman

MAY 2, 2024

Fathom Realty has forged two new partnerships with education platform The CE Shop and online marketplace Working Advantage. The partnerships will give Fathom's agents and mortgage loan officers access to exclusive discounts on continuing education courses and lifestyle needs, such as gym memberships and travel.

Loan Officer 139

Loan Officer Loans Mortgages Agents 139

Propmodo

MAY 2, 2024

RealPage’s legal woes grow by the day. By now, everyone in commercial real estate is familiar with the cases against the Richardson, Texas-based property management software company. A 2022 ProPublica expose unleashed a wave of class-action lawsuits and federal investigations alleging RealPage created a price-fixing cartel that kept housing prices in many U.S. markets artificially inflated.

Residential 109

Residential Property Management Industrial Commercial 109

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.

Agents