Housing Wire

APRIL 19, 2024

A Freddie Mac home equity product that was proposed this week has the potential to unlock $850 billion in origination volume. But it could face challenges due to the lack of a robust securitization market, according to strategists at Bank of America (BofA). On Tuesday, the Federal Housing Finance Agency (FHFA) announced a request for comment on a proposal to allow the government-sponsored enterprise (GSE) to purchase single-family, closed-end second mortgages when it owns the risk of the corresp

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Equity Finance Loans Banks 488

Keeping Current Matters

APRIL 19, 2024

When it comes to the current housing market, there are some myths circling around right now.

Marketing 322

Marketing 322

Housing Wire

APRIL 19, 2024

Luxury home prices in the U.S. surged by 8.7% year over year in the first quarter of 2024, with the median price hitting a record $1.225 million, according to data from Redfin. In comparison, prices for non-luxury homes rose by 4.6% to a median of $345,000, which is also a record high. Redfin defined luxury homes as those estimated to be in the top 5% of their metro area based on market value, while non-luxury homes are those with estimated values in the 35th to 65th percentile.

Equity 488

Equity Sales Mortgages Marketing 488

Real Estate News

APRIL 19, 2024

This week, Zillow CEO Rich Barton praised Realtor.com CEO Damian Eales’ latest push to educate homebuyers about changes coming to the industry.

Industrial 294

Industrial 294

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Housing Wire

APRIL 19, 2024

Ginnie Mae has filed a point-by-point response to the initial complaint of the case brought against it by Texas Capital Bank (TCB), which alleges that the government-owned company “extinguished, in return for no consideration, TCB’s first priority lien on tens of millions of dollars in collateral” stemming from the Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgage (HECM) program.

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Real Estate News

APRIL 19, 2024

Active listings are back to pre-pandemic levels, but home prices — and home insurance costs — keep going up, creating a tough market for buyers and sellers.

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Marketing 263

Real Estate News

APRIL 19, 2024

Drussy Hernandez said the move was necessary due to “external professional obligations.” CAR president-elect Erika Villegas will take over the role on May 15.

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Housing Wire

APRIL 19, 2024

One of the most notable surprises of 2024 has been the trajectory of mortgage rates. When the average rate on 30-year loans dropped from 8.01% on Oct. 25 to 6.84% on Jan. 31, more loan applications started coming in, and the mortgage industry breathed a sigh of relief. Many thought 6.5% would become the new ceiling and rates would be down to 5.5% by the end of the year, easy.

Loans 448

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Inman

APRIL 19, 2024

With a recent boost to inventory and steady demand for high-end properties, luxury homeowners are ready to cash out on existing homes and use their cash power to buy a new home, fueling price growth.

Mortgages 191

Mortgages Marketing 191

Housing Wire

APRIL 19, 2024

The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s 2024 Marketing Leaders Leaders award are open now through April 30th, 2024. Click here to nominate someone. The recent commission lawsuits have had a profound impact on real estate agents and brokerages as they face increased scrutiny and pressure to provide more transparency in their commission structures and potential co

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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

Inman

APRIL 19, 2024

Frustrated and anxious about economic conditions? Trainer Bernice Ross writes that, instead of waiting for change, agents can move forward with confidence by following these strategies.

Agents 185

Agents MLS Brokerage Marketing 185

Housing Wire

APRIL 19, 2024

Ginnie Mae unveiled a significant revision on Wednesday to its monthly single-family reporting protocols. The government mortgage bond guarantor incorporated expanded its payment default status (PDS) reporting, including loan default information, any mitigation actions taken and the timing of these actions. The agency said that this move underscores its commitment to vigilant monitoring of delinquent loans, which can exert financial strain on nonbank entities.

Principal 447

Principal Loans Residential Mortgages 447

Inman

APRIL 19, 2024

There's been a heapin' helpin' of new developments in the commission lawsuits. Here's how to pivot and be ready for whatever comes next.

Agents 183

Agents Development MLS Brokerage 183

Housing Wire

APRIL 19, 2024

Even though the spring homebuying season got off to a slow start across much of the U.S., one of the most populous states saw increased activity. Home sales in Pennsylvania jumped 23.6% from February to March, according to a report released Friday by the Pennsylvania Association of Realtors (PAR). On a year-over-year basis, sales were down 10.5%, but the 8,790 transactions that closed last month were a positive sign for real estate professionals in the Keystone State.

Sales 441

Sales Closing Marketing Finance 441

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Inman

APRIL 19, 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.

Brokerage 182

Brokerage Agents 182

Real Estate News

APRIL 19, 2024

After encouraging reports from 2022, new data shows the appraisal gap continued to shrink throughout much of the U.S. in 2023.

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173

Inman

APRIL 19, 2024

Kari Watkins, Chris Fleming and Donna Weaver were forever changed by the April 19, 1995, Oklahoma City bombing. Twenty-nine years later, they reflect on life since.

Marketing 178

Marketing 178

Seattle Times Real Estate

APRIL 19, 2024

Fifty-three percent of Seattle-area renters saw their monthly rent jump more than $100 in the past year, according to a new survey, FYI Guy writes.

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133

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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

APRIL 19, 2024

With new clients including USA Mortgage and New American Funding, Matic says it's doing business with more 100 mortgage lenders and servicers that together process 20 percent of U.S. home loans.

Mortgages 175

Mortgages Loans Banks Technology 175

Bigger Pockets

APRIL 19, 2024

Jazz icon and Los Angeles native Roy Ayers once famously sang, “Everybody Loves The Sunshine.” Never have truer words been said.

Marketing 132

Marketing 132

Inman

APRIL 19, 2024

The reality TV star has left the Eklund Gomes Team at Douglas Elliman to start the Erin + Alex Team at Compass with the firm's Alexandra Hedaya. The team will operate in New York, the Hamptons and Florida.

Brokerage 173

Brokerage Agents 173

Bigger Pockets

APRIL 19, 2024

New York State legislative leaders have agreed on a preliminary housing deal aimed at tackling affordability and supply problems, which are especially severe in New York City.

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Agents

Inman

APRIL 19, 2024

AI, green building and energy transition, and property and transaction management solutions are still seen as stable investments by VC firms, recent reports show, despite an overall decline in investments in proptech.

Property Management 170

Property Management Banks Technology 170

Bigger Pockets

APRIL 19, 2024

In the last 16+ years, I’ve worked with many investors. Occasionally, I am asked about two or more people pooling their resources to buy properties.

As-is 131

As-is Investor 131

Inman

APRIL 19, 2024

Once you've passed your real estate exam, broker Joseph Santini writes, your first order of business will be deciding what type of brokerage will serve you best in your new career.

Brokerage 167

Brokerage Agents 167

RIS Media

APRIL 19, 2024

Reliance—a leading U.S. real estate technology company—has partnered with Hegg, REALTORS® Inc. to unveil the South Dakota-based real estate brokerage’s new website, featuring Reliance’s cutting-edge hyperlocal search engine. The oldest real estate company in South Dakota, Hegg is a part of Edina Realty and a Berkshire Hathaway affiliate, according to a release.

Brokerage 128

Brokerage Technology Industrial Agents 128

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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

APRIL 19, 2024

Warwick recently double-ended Colorado's first-ever, six-figure sale in the representation of an off-market property on Aspen's picturesque Willoughby Way. He shared with Inman what makes the market so hot.

Sales 162

Sales Marketing Agents 162

RIS Media

APRIL 19, 2024

Above, John Coake. Last fall, Compass acquired Realty Austin and Realty San Antonio—a boutique firm with four offices boasting two decades of familiarity and success in their respective Texas markets. According to John Coake, the newly acquired company’s head of sales and broker associate, the move provides a unique opportunity. “Joining Compass has elevated our… The post Setting the Stage for Smoother Real Estate Transactions appeared first on RISMedia.

Staging 126

Staging Sales Marketing Industrial 126

Inman

APRIL 19, 2024

The National Association of Realtors, Keller Williams, Anywhere, RE/MAX, Compass, eXp and others offered a slew of arguments for why the Batton 1 and Batton 2 cases should be thrown out.

MLS 160

MLS Brokerage 160

RIS Media

APRIL 19, 2024

The Leading Economic Index (LEI) fell 0.3% in March to 102.4, a reverse from February’s slight increase, according to the latest release from The Conference Board. March’s LEI is down 2.2% over the six-month period between September 2023 and March 2024—down from its 3.4% contraction over the previous six months. February’s 0.2% increase was the… The post Leading Economic Indicators Fall Slightly in March appeared first on RISMedia.

Industrial 122

Industrial Marketing 122

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