Housing Wire
OCTOBER 4, 2024
Labor over Inflation has been the theme for mortgage rates to go lower in 2024, with the understanding that as soon as the labor market softens, the 10-year yield should head lower, which it has. However, it works both ways. Recently, I’ve written that mortgage rates may have bottomed for 2024 because they got toward the low-end range of my 2024 forecast , and unless the labor market gets much weaker, this is it.
Keeping Current Matters
OCTOBER 4, 2024
Affordability is based on three key factors: mortgage rates, home prices, and wages.
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Housing Wire
OCTOBER 4, 2024
A stronger than expected September jobs report is not great news for the Federal Reserve or the housing industry, which was hoping for a swift decline in interest rates. Data from the U.S. Bureau of Labor Statistics released on Friday shows that 254,000 non-farm payroll jobs were added in September. This is higher than the average monthly gain of 203,000 jobs over the past 12 months.
Real Estate News
OCTOBER 4, 2024
In a fourth amended complaint, Top Agent Network has doubled down on its allegations that Clear Cooperation is anticompetitive and anti-consumer choice.
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Housing Wire
OCTOBER 4, 2024
Homeowners 62 and older saw their collective home equity levels rise in the second quarter of 2024 by roughly $600 billion, increasing to a total of $14 trillion and continuing a streak of forward momentum observed in the first quarter. This is according to the Reverse Mortgage Market Index (RMMI), a measure of senior-held home equity maintained by the National Reverse Mortgage Lenders Association (NRMLA) in partnership with data analytics firm RiskSpan.
Real Estate News
OCTOBER 4, 2024
While higher levels of employment is good news for real estate in the long term, rising rates may put a damper on home sales this fall.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
OCTOBER 4, 2024
The sale-leaseback proptech mired in legal action celebrated a win that absolved the firm of wrongdoing and awarded it over $153,000 for past due rent and fees.
Housing Wire
OCTOBER 4, 2024
Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Whether you’re looking to launch a new career or renew your NMLS license before the end of the year, we’re here to help. In this article, we’ll give you some background, show you how to get your NMLS license, introduce our favorite NMLS licensing and CE schools, and set you on the path toward licensure or a quick renewal.
Real Estate News
OCTOBER 4, 2024
“We need people who are more ambitious,” real estate leaders were told at this week’s T3 Tech Summit. And they need to be ready to go deeper with AI.
Housing Wire
OCTOBER 4, 2024
After a slow start to the year, the housing market picked up the pace during the second quarter. For the title insurance industry, this meant an uptick in title insurance premium volume, which came in at $4.09 billion for the quarter, according to the American Land Title Association (ALTA)’s Market Share Analysis that was published Thursday. Second-quarter volume was up from $3.35 billion in Q1 2024 and $3.92 billion in Q1 2023.
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Inman
OCTOBER 4, 2024
The Agency Panama's Victoria Levitam offers insight into the investment potential of Panama, a hidden gem offering exceptional opportunity and quality of life.
Housing Wire
OCTOBER 4, 2024
Shareholders at eXp World Holdings , the parent company of eXp Realty , are unhappy about the recent spate of lawsuits and media coverage the firm has received regarding allegations of sexual assault and harassment. On Wednesday, the Los Angeles City Employees’ Retirement System (LACERS) and the Building Trades Pension Fund of Western Pennsylvania sued Glenn Sanford , Jason Gesing and five other board members for eXp World Holdings, accusing them of mishandling the sexual assault allegations tha
Inman
OCTOBER 4, 2024
MoxiWorks has added two new positions in its leadership ranks, naming Ben Tao as MoxiWorks' first chief marketing officer and Jackson Mayes as chief of staff.
Housing Wire
OCTOBER 4, 2024
Kevin Peranio, left, of Paramount Residential Mortgage Group, and Candice McNaught of Supreme Lending lead a panel discussion during the HousingWire IMB Summit in Dallas on Oct. 1. (Photo courtesy of Willie & Kim Photography) As mortgage rates edge closer to the 6% mark, optimism has spread across the industry. Lenders are beginning to gear up for what is expected to be a “ mini refi boom. ” But this wave will differ significantly from previous ones.
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Inman
OCTOBER 4, 2024
While you've learned rules, regulations, terms and tech, what you need most is to learn to connect and network with colleagues and clients. Claudia Stallings shares new agent mistakes to avoid.
Housing Wire
OCTOBER 4, 2024
Editor in Chief Sarah Wheeler sat down with Diane Yu, co-founder and CEO of TidalWave , to talk about the benefits of building an AI-first company in today’s business environment. Yu founded and sold ad tech platform FreeWheel to Comcast in 2014, and she served as chief technology officer at Better.com from 2021-2022. This interview has been edited for length and clarity.
Inman
OCTOBER 4, 2024
The votes are tallied, and you've chosen the Toyota 4Runner as the best agent auto. Find out what it has to offer and why it should be on your short list if you're shopping for a new car this fall.
Brownstoner
OCTOBER 4, 2024
Another beloved Brooklyn business is biting the dust, and more changes are coming to its busy thoroughfare. Desert Island comic store announced on Instagram yesterday that it would be closing its doors come the end of the year due to the landlord almost doubling the rent. Desert Island opened at 540… Read More > The post Beloved Williamsburg Comic Store Desert Island to Close Due to Rent Hike appeared first on Brownstoner.
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Inman
OCTOBER 4, 2024
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.
Bigger Pockets
OCTOBER 4, 2024
You have finally decided to enter the short-term rental (STR) market, and your biggest concern is a call from the local fire department stating that your house is ablaze or […]
Inman
OCTOBER 4, 2024
Real estate duo James and Justin Rhodes have taken their brokerage, Rhodes Realty, to Better Homes and Gardens Real Estate. Rhodes has 50 affiliates across seven offices in Louisiana.
Bigger Pockets
OCTOBER 4, 2024
For years, we’ve been told that lower mortgage rates could reignite homebuyer demand and help improve affordability so first-time homebuyers (or even rookie landlords) can finally buy their first property.
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Inman
OCTOBER 4, 2024
With a soft landing seen as more likely, analysts say Fed policymakers can now afford to be more cautious about the pace of future rate cuts, and mortgage rates aren't likely to fall below 6 percent anytime soon.
RIS Media
OCTOBER 4, 2024
Homeowners are showing a willingness to put their homes on the market at increasing rates, marking a continuous shift away from the “lock-in effect,” as detailed in Realtor.com®’s September Housing Trends Report. Active listings were up 34% year-over-year, though that number was still down 23.2% within a five-year timespan. The average median home listing price… The post New Listings Increase as Mortgage Rates Decline, Slowly Eroding ‘Lock-in Effect’ appeared first on RISMedia.
Inman
OCTOBER 4, 2024
Homes in Cotino will start at $1 million, with more lavish properties exceeding $2 million, reflecting premium features and signature Disney touches. Built by award-winning developers -- Shea Homes, Woodbridge Pacific Group and Davidson Communities -- these homes will cater to a wide range of buyers, including those 55 and older.
RIS Media
OCTOBER 4, 2024
Getting homeowners insurance used to be a fairly straightforward process. You’d shop around with two or three companies, compare rates and pick the best deal. However, more frequent and severe weather events driven by climate change are hitting insurers’ margins hard as homeowner claims and the damage replacement costs spike. As a result, some insurers… The post Insurance Crisis Is Derailing Deals and Adding to Affordability Woes appeared first on RISMedia.
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Inman
OCTOBER 4, 2024
After navigating an identity crisis and multiple potential deals with production companies that fell through, Noah Kaplan and his team have finally wrapped editing seven new episodes and are releasing one episode per week on YouTube.
RIS Media
OCTOBER 4, 2024
Facing multiple lawsuits from former agents and recruits along with scrutiny from the New York City Comptroller’s office, eXp Realty and several current and former executives and board members at the firm are now facing a suit by public pension funds, who allege the company breached its fiduciary duty in covering up reports of rape… The post New Lawsuit Claims eXp Lawyer Admitted Sexual Assault Allegations Are ‘Accurate’ appeared first on RISMedia.
Inman
OCTOBER 4, 2024
Minnesota Attorney General Keith Ellison announced the suit last week, saying the Florida-based brokerage violated consumer protection laws by selling "contracts with oppressive terms.
RIS Media
OCTOBER 4, 2024
Above, Rose Kemp As the industry celebrates Hispanic Heritage Month, new data shows Hispanic homeownership continues to swiftly rise, and Hispanic real estate professionals are urging the industry to take notice of this ever-growing business sector. There are over 9.5 million Hispanic homeowners, a homeownership rate of 49.5%, as reported in the National Association of… The post Hispanic Homeownership Continues to Grow—Advocates Say It Is Time to Take Notice appeared first on RISMedia.
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