Housing Wire

AUGUST 7, 2024

More households led by older Americans who are either in or near retirement are carrying higher levels of debt. This has major implications for the nation’s retirement readiness posture, according to an issue brief published last week by the Employee Benefit Research Institute (EBRI). “While improving in many respects in the most recent years, the overall trends in debt are troubling in terms of retirement preparedness, in that American families just reaching retirement or those newly retired ar

Finance 482

Finance Design As-is 482

Keeping Current Matters

AUGUST 7, 2024

Mortgage rates have been one of the hottest topics in the housing market lately because of their impact on affordability.

Mortgages 360

Mortgages Marketing 360

Housing Wire

AUGUST 7, 2024

Refinance applications picked up as mortgage rates fell last week, but purchase loan activity had only a small gain, according to data released Wednesday by the Mortgage Bankers Association (MBA). The MBA’s survey — which covers 75% of all retail residential mortgage applications in the U.S. — found that the seasonally adjusted refinance index increased 16% for the week ending Aug. 2 compared to the previous week.

VA loan 476

VA loan FHA loan Loans Mortgages 476

Real Estate News

AUGUST 7, 2024

Barton and Jeremy Wacksman speak exclusively with Real Estate News about the leadership transition at the top of the influential home-search site.

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Housing Wire

AUGUST 7, 2024

The Real Brokerage isn’t tapping the brakes on its rapid expansion. During its second-quarter 2024 earnings call on Wednesday, the company said it added almost 3,000 agents from April through June, a 70% year-over-year rise and a 250% increase compared to Q2 2022. The ballooning agent count pushed brokerage revenue to $340 million, an 84% year-over-year improvement.

Brokerage 468

Brokerage Agents Title Technology 468

Housing Wire

AUGUST 7, 2024

Zillow ’s second-quarter 2024 earnings call with investors Wednesday evening marked a pivotal moment for the firm. It was the first since company co-founder Rich Barton announced he was stepping down as CEO. Less than an hour before the call, Zillow Group announced that it had promoted Jeremy Wacksman, the firm’s chief operations officer, to CEO. Barton will remain on Zillow’s board of directors and has been named as co-executive chair of the board alongside Zillow co-founder and current executi

Residential 467

Residential Investor Loans Technology 467

Real Estate News

AUGUST 7, 2024

The company reported strong Q2 numbers, noting that its rev share model and tech will continue to give it an edge, while “traditional models may struggle.

Agents 284

Agents 284

Housing Wire

AUGUST 7, 2024

Single-family rental (SFR) investors are worried about the rising cost of home insurance, but the majority expect to buy more properties in the next year as mortgage rates cool and home-price growth subsides. That’s the conclusion from a survey of 235 single-family landlords in late June and early July. The data was released this week by media and research company ResiClub in conjunction with Florida-based private lender LendingOne.

Investor 459

Investor Marketing As-is Mortgages 459

Real Estate News

AUGUST 7, 2024

The latest sentiment survey from Fannie Mae shows declining optimism, with more consumers now saying they plan to rent when they make their next move.

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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

AUGUST 7, 2024

A little over a month after the Batton 2 commission lawsuit defendants filed motions to dismiss the suit brought by homebuyers in Illinois, the plaintiffs have shot back. In responses filed on Monday, the plaintiffs argue that the court should not grant the defendants’ motions. The motions filed by Compass , eXp World Holdings , Redfin , Weichert Realtors and United Real Estate claim that the homebuyer plaintiffs are simply trying “to parrot the allegations they made in an amended complaint,

Brokerage 448

Brokerage Staging Branding Agents 448

Real Estate News

AUGUST 7, 2024

Watch the conversation with NAR’s top lobbyist as she discusses what advocacy really means for members and some of the big wins the association has achieved.

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Housing Wire

AUGUST 7, 2024

Industry-leading reverse mortgage lender Finance of America (FOA) recorded another loss in the second quarter of 2024, but it managed to move closer to profitability while also expanding its dollar volume of loans through other business metrics that show improvement. This is according to the company’s Q2 2024 financial results, as well as statements given to analysts, during a Q&A portion of its earnings call this week.

Loans 448

Loans Finance Lending Equity 448

Inman

AUGUST 7, 2024

After five years back at the helm, Zillow Group co-founder Rich Barton steps down as CEO. Former COO Jeremy Wacksman takes the reins as the company charges past what Barton calls the "Portal 1.0" experience.

MLS 195

MLS Technology Brokerage Agents 195

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Brokerage

Housing Wire

AUGUST 7, 2024

Zillow Group has promoted Jeremy Wacksman from chief operating officer to CEO, according to an announcement on Wednesday. The firm made the announcement less than an hour before its second-quarter 2024 earnings call with investors and analysts. In addition to being named as the firm’s CEO, Wacksman has also joined the company’s board of directors. Wacksman is replacing Zillow co-founder Rich Barton as CEO.

Branding 448

Branding Residential Investor Agents 448

Inman

AUGUST 7, 2024

Choose not to be offended. Have conflict resolution strategies in place. Stay calm, acknowledge the difference in opinions, and move on to other topics, Keller Williams’ Julia Lashay Israel writes.

Agents 193

Agents 193

Bigger Pockets

AUGUST 7, 2024

According to Q2 data, about half of U.S. households are "equity-rich," with the biggest gains in the South and Midwest.

Equity 131

Equity 131

Inman

AUGUST 7, 2024

The seven startups that are part of REACH Commercial's latest class each promise to advance the way commercial brokerages service the industry, ranging from a green building resource solution to a pro-small business engine to help entrepreneurs own their real estate.

Commercial 191

Commercial Brokerage Industrial Technology 191

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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

RIS Media

AUGUST 7, 2024

Fannie Mae has released its latest Home Purchase Sentiment Index® (HPSI), tracking changes in consumer attitude over the month of July 2024. That month, the index decreased 1.1% to 71.5, suggesting an overall lack of enthusiasm. Changes in consumer responses are minute but indicative of a negative trend. Key details: 17% of respondents said that… The post Fannie Mae Update Says Potential Homebuyers are Frustrated by Market appeared first on RISMedia.

Marketing 130

Marketing Industrial Agents 130

Inman

AUGUST 7, 2024

Fannie Mae survey shows would-be homebuyers grew even more frustrated with elevated home prices and mortgage rates in July, but 7 in 10 didn't think mortgage rates would come down.

Mortgages 187

Mortgages Marketing 187

Bigger Pockets

AUGUST 7, 2024

Strict building codes have made it challenging to build quickly and efficiently throughout the country. We list six ways they've impacted the housing crisis.

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129

Inman

AUGUST 7, 2024

The big drop in mortgage rates did more to spur refinancing than homebuying, according to a weekly survey of lenders by the Mortgage Bankers Association, and now rates are rising again.

Mortgages 183

Mortgages Marketing 183

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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

Bigger Pockets

AUGUST 7, 2024

An important announcement from BiggerPockets CEO & President Scott Trench.

Design 129

Design 129

Inman

AUGUST 7, 2024

Parent company of Howard Hanna Real Estate Services argues plaintiff agreed to a mediation clause and, as a buyer, doesn't have standing to sue under federal and state antitrust laws.

Brokerage 183

Brokerage 183

Bigger Pockets

AUGUST 7, 2024

Want to make money in real estate investing, EVEN during 2024’s harsh housing market? It’s easier than you might think—and we’ve got the proof.

Investor 128

Investor Marketing 128

Inman

AUGUST 7, 2024

The former sales executive filed a lawsuit in California alleging "she was pushed out of the company because she raised concerns about illegal and unethical practices.

Sales 182

Sales Brokerage Agents 182

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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.

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