Fri.Jan 17, 2025

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Rising mortgage rates zap builder confidence

Housing Wire

Todays housing starts data exceeded estimates; however, a closer examination of the report with the builder confidence reveals that the recent rise in mortgage rates , approaching 7.25%, has negatively affected builder sentiment. Since late 2022, our analysis indicates that mortgage rates in the 6%-6.5% range are positive to grow sales, whereas rates at 7% and above especially 7.50% or higher significantly impact the builder data.

Mortgages 468
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Resilience and rebuilding: LA’s uncertain housing future

Real Estate News

What does rebuilding look like and should we even continue to build in some of the areas affected by wildfires? Experts share their thoughts.

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What previous California wildfires can teach us about rebuilding LA

Housing Wire

The wildfires ripping through Los Angeles are on pace to be the most destructive in U.S. history, as one estimate concludes that property damage from the Palisades and Eaton fires could exceed $45 billion. When theyre finally extinguished, the city and its residents will have to sift through the devastation and answer questions about how and whether to rebuild.

Land 396
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2025 Housing Market Forecasts

Keeping Current Matters

Wondering what to expect when you buy or sell a home this year? Here’s what the experts say lies ahead.

Marketing 246
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The 2025 Real Estate Roadmap to Success

Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

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Outsourcing for efficiency: How SitusAMC is enhancing primary market origination with third-party resources

Housing Wire

In a changing real estate market , mortgage lenders face increasing demand. If high mortgage rates and increased liquidity management arent challenging, then regulatory changes, operation inefficiencies, and economic uncertainty are enough. With high mortgage rates and stagnated origination, many financiers are focusing on mitigating risk and boosting efficiency.

Marketing 358
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New construction ends 2024 on a high note

Real Estate News

Housing starts were way up for the year, and prospects look good heading into 2025 but the economy and policy decisions could present some challenges.

More Trending

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eXp, Weichert settlements looking more dubious

Real Estate News

The judge in the Gibson/Umpa case filed an order laying out plausible evidence that the brokerages used a reverse auction strategy to find the best deal.

Brokerage 196
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FHA updates loss-mitigation waterfall in new mortgage servicing guidance

Housing Wire

The Federal Housing Administration (FHA) this week published Mortgagee Letter (ML) 2025-06, which codifies updates to FHAs permanent loss mitigation options based on learnings from its temporary COVID-19 policies and feedback received on the draft policies from a proposal published this past November. Published on Thursday, the letter extends existing COVID-19 recovery options to February 2026.

Mortgages 368
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MoxiWorks 2025 launches with new funding, product initiatives

Inman

In addition to it being the first full year under new CEO Eric Elfman, MoxiWorks has landed a significant round of financing to support its plans for the coming year.

Land 143
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Chicago-area contractor sentenced to 17 years in prison over reverse mortgage scam

Housing Wire

The U.S. Department of Justice (DOJ) announced this week that Mark Steven Diamond, who was accused of bilking elderly homeowners in a reverse mortgage and home repair scheme, was sentenced to 17 years in federal prison by the U.S. District Court for the Northern District of Illinois. Diamond was criminally indicted in 2017 and pleaded guilty last year to a federal charge of wire fraud affecting a financial institution, the DOJ said.

Mortgages 370
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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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Wildfires don’t discriminate, but people do. Fight back with fairness

Inman

As real estate first responders, Dr. Lee Davenport writes, let us be mindful to fight fire with fairness and fair housing in mind.

Agents 142
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WaFd Bank exits home mortgage lending, says model is ‘unsustainable’

Housing Wire

Seattle-based WaFd Bank , which has offered home loans for more than 100 years, announced Thursday in an earnings report that it will exit the single-family mortgage lending business. WaFd president and CEO Brent Beardall said in a LinkedIn post that the move will involve layoffs for about 8% of the company’s employees and called it “one of the most difficult days I have had as a CEO.” “The mortgage market has shifted over the years to the point where now about 70% of all

Lending 370
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‘This feeling is devastating:’ Celebs who lost their homes in LA wildfires

Inman

Dozens of high-profile celebrities have lost their homes in the Los Angeles wildfires since last week, including Mandy Moore, Anthony Hopkins, John Goodman, Julia Louis-Dreyfus and more.

Brokerage 142
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Southern Nevada real estate outlook: 2025 predictions

Housing Wire

As we head into 2025, Im optimistic about the Southern Nevada real estate market and the opportunities it presents. While the economic conditions are certainly shifting, I see several factors that could drive activity and create a dynamic year ahead. Economic landscape and interest rates The political climate is changing, and I believe this will contribute to a heating-up of the real estate market in the new year.

Marketing 370
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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

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.

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Helpful resources and a call to action for California wildfire victims

Inman

Real estate professionals aren't just in the business of helping people buy and sell houses; they are the guardians of the very idea of home, coach Darryl Davis writes.

Brokerage 141
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Compass attracts top Connecticut team

Housing Wire

Compass is strengthening its presence in the Nutmeg State. On Friday, the largest brokerage in the country by sales volume announced that The Jennifer Leahy Team will be leaving Douglas Elliman to join the Robert Reffkin -helmed firm. Based in Greenwich, Connecticut, the team is led by Jennifer Leahy and consists of seven agents. The team was brokered at Douglas Elliman since 2020 and works across all sectors of the real estate market, from multimillion-dollar mansions to starter homes.

Brokerage 370
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Here’s how AI will impact real estate transactions

Inman

Tune in to Inman Access, and learn how artificial intelligence will impact homebuying, homeselling and the consumer experience.

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A&D Mortgage acquires Mr. Cooper’s wholesale, correspondent businesses

Housing Wire

Florida-based non-QM lender A&D Mortgage announced Friday that it has acquired the wholesale and nondelegated correspondent lending businesses of Mr. Cooper Group. The terms of the deal have not been disclosed but it is expected to close by the end of March 2025. A&D reported that the two entities being acquired funded more than $10 billion in originations in 2024.

Mortgages 370
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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

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.

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Julie Kheyfets named new CEO of AI renovation company Block

Inman

Kheyfets spent seven years as Block's Chief Operating Officer, and prior to that, led North American growth for Tractable, a unicorn in the AI accident and disaster recovery space.

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Coldwell Banker expands in New England, adds The Kevin Lewis Group

Housing Wire

Leading brokerage Coldwell Banker Realty announced this week a major addition to it’s New England-based offices. The top-producing Kevin Lewis Group will join Coldwell Banker Realty’s Hingham office. The Kevin Lewis Group Kevin Lewis the group’s leader and founder is an experienced real estate with decades of experience driving high sales volume.

Branding 369
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Housing Starts End 2024 on an Up Note

Eye on Housing

Fueled by solid demand, single-family construction moved higher in December despite several headwinds facing the industry, including high mortgage rates, elevated financing costs for builders and a lack of buildable lots. Overall housing starts increased 15.8% in December to a seasonally adjusted annual rate of 1.50 million units, according to a report from the U.S.

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MoxiWorks secures additional funding, names new CRO

Housing Wire

MoxiWorks is looking to up its game. The real estate technology company will be aided on this journey by additional capital it has secured from its ownership group, which includes private equity partner Vector Capital , and brokerages Howard Hanna Real Estate Services and Windermere Real Estate , according to an announcement on Friday. The exact amount of funding was not disclosed.

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The Broker Action Plan for the Post-NAR Lawsuit Landscape

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.

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Rollout of new mortgage credit scoring models pushed back

Inman

Plan to require lenders working with Fannie and Freddie to use FICO Score 10 T and VantageScore 4.0 models by Q4 2025 has been dropped, with new implementation date "TBD.

Mortgages 129
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RealScout co-founder Andrew Flachner makes a return as president and CEO

Housing Wire

San Francisco-based real estate technology company RealScout on Thursday announced that Andrew Flachner will take over as CEO. Flachner, a co-founder of RealScout, will replace current CEO Arthur Kaneko, who will continue to serve as an adviser. “Today marks a new chapter in RealScout’s story one that I’m humbled and excited to help write as returning CEO,” Flachner announced on LinkedIn.

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Vacant 2nd homes could be a lifeline to Los Angeles evacuees

Inman

Agents have drawn on all their resources to play "matchmaker" to place people who don't need to use secondary properties with those who need housing in the area. Results are mixed, but it's working for some.

Agents 142
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MLS PIN Says DOJ Rejected NAR Settlement Amendments

RIS Media

In pursuit of a separate settlement agreement in a long-running commission lawsuit, homesellers suing Massachusetts-based MLS PIN over commission practices said their discussions with Department of Justice (DOJ) lawyers in the wake of the National Association of REALTORS (NAR) agreement have not been fruitful. According to a court filing, the MLS PIN plaintiffs reached out… The post MLS PIN Says DOJ Rejected NAR Settlement Amendments appeared first on RISMedia.

MLS 115
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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

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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Luxury Presence debuts Brokerage Listing Networks amid CCP debate

Inman

Los Angeles-based Luxury Presence, which launched as a website developer for luxury brands before evolving into a wide-ranging software provider, will unveil the solution at ICNY on Tuesday.

Brokerage 116
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The Housing Markets Where Demand is Heating Up Big-Time

Bigger Pockets

Active inventory has been increasing since 2022. In fact, according to Realtor.

Marketing 111
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What factors pushed mortgage rates back up? Economist

Inman

Windermeres Principal Economist Jeff Tucker looks at mortgage rates and the factors that have pushed them up more than a point since September.

Mortgages 114
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Law Professor Urges Real Estate Community to Get Involved in Zoning Conversations

RIS Media

Zoningone of the more technical aspects of local government and municipal planningis a topic of importance in the real estate landscape. How local zoning laws affect the way in which people can build, and who is permitted to do what, deeply affects many of the most urgent challenges currently facing housing markets, from affordability to… The post Law Professor Urges Real Estate Community to Get Involved in Zoning Conversations appeared first on RISMedia.

Marketing 107
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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

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.