Housing Wire

NOVEMBER 20, 2024

Nearly three quarters of recent American home sellers said in a Clever survey that using a traditional real estate agent is the best way to sell. As real estate agents adjust to sweeping changes brought by the commission lawsuit settlement, a new report from discount brokerage Clever Real Estate reveals one thing hasn’t shifted: Americans still overwhelmingly trust full-service agents to sell their homes.

Agents 468

Agents Brokerage Sales Staging 468

Real Estate News

NOVEMBER 20, 2024

The reversal follows 14 years of larger gains for homes in high-risk areas, suggesting that buyers may be less willing to move to disaster-prone regions.

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Housing Wire

NOVEMBER 20, 2024

White-label brokerage Side is seeking more than $4 million from the Alexander brothers and the brokerage Official Partners. According to an amended complaint filed this week, Side alleges that Official Partners and its founders Tal and Oren Alexander committed multiple events of default on a $4.6 million promissory note Side extended in April. Side claims the current balance owed is $4.2 million, and the note continues to accrue interest.

Brokerage 416

Brokerage Loans Agents 416

Real Estate News

NOVEMBER 20, 2024

The luxury-focused firm announced its first franchise in the D.C. metro, which will boost its total agent count and number of offices by nearly 10% each.

Agents 254

Agents 254

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

NOVEMBER 20, 2024

Executives at mortgage lenders anticipate a minimum 20% increase in credit reporting costs in 2025 compared to 2024. And the soaring costs will hit as lenders try to dig out from multiple years of financial losses and mass layoffs. In early November, Fair Isaac Corp. (FICO), the company behind the widely used consumer credit-risk assessment methodology, announced an increase in its wholesale royalty for mortgage originations from $3.50 to $4.95 per score.

Mortgages 397

Mortgages Loan Officer Closing costs Loans 397

Keeping Current Matters

NOVEMBER 20, 2024

If you’ve been keeping an eye on mortgage rates lately, you might feel like you’re on a roller coaster ride.

Mortgages 236

Mortgages Agents 236

Inman

NOVEMBER 20, 2024

The new membership option will give agents who aren't members of local, state or national Realtor associations access to state-compliant forms as alternative to NAR's "three-way agreement.

MLS 167

MLS Agents Brokerage 167

Housing Wire

NOVEMBER 20, 2024

In today’s economy, mortgage rates and housing expenses have consistently risen. As a result, older citizens are tapping into their retirement savings to cover costs—if they have it. However, homeowners have a unique advantage with home equity products—designed to let residents tap into their home’s equity for cash. Mortgage professionals must keep up with the new demand for home equity products in the new market.

Equity 368

Equity Finance Marketing Lending 368

Inman

NOVEMBER 20, 2024

The company said the attack was unsuccessful. In response to the incident, some Command features were temporarily restricted, and KW rolled out multi-factor authentication.

Technology 158

Technology Brokerage Industrial 158

Housing Wire

NOVEMBER 20, 2024

The current mortgage market starkly contrasts with the booming years of 2020 and 2021. Both borrowers and loan officers face a changed—and changing—landscape. However, success remains within reach for those committed to adapting. The winners in every market know how to take advantage of opportunities, and below I’ve outlined some actionable advice on how to approach this market with that winning mindset.

Marketing 367

Marketing Loan Officer Technology Loans 367

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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

Inman

NOVEMBER 20, 2024

The nation's real gross domestic product grew at an annual rate of 2.8 percent in the third quarter of the year. But with falling sales and tapering price growth, agents could be forgiven for feeling left out.

Agents 161

Agents Sales Residential Brokerage 161

Housing Wire

NOVEMBER 20, 2024

The National Association of Realtors (NAR) is getting a temporary reprieve from the latest antitrust suit it’s fighting regarding “three-way membership agreements” for MLS access. On Monday, the complaint filed earlier this month in U.S. District Court in Los Angeles by John Diaz was dismissed by Judge Dolly Gee. According to the judge’s ruling, the complaint was dismissed as it did not comply with a local court rule which requires that all documents, except declarations, to be

MLS 368

MLS As-is Agents 368

Inman

NOVEMBER 20, 2024

Rick Guerrero talks to coach Katherine Loucaidou about making the leap from a steady full-time job to running your own real estate business.

Agents 158

Agents 158

Housing Wire

NOVEMBER 20, 2024

While many older homeowners own their properties free and clear of a mortgage payment, this is not a feasible reality for many seniors. In fact, more than 10.5 million Americans at or over the age of 65 still pay into a forward mortgage loan, according to a study conducted by LendingTree. To get a better grasp of the dynamics involved with older homeowners maintaining their existing mortgages, LendingTree took a closer look at data from the U.S.

Mortgages 360

Mortgages Loans Industrial As-is 360

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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

NOVEMBER 20, 2024

The acquisition of the Massachusetts-based brokerage marks Lamacchia Realty's 10th acquisition in the state over the past 16 months, adding offices in Newburyport and Amesbury.

Brokerage 147

Brokerage Agents 147

Housing Wire

NOVEMBER 20, 2024

Chicago-based multichannel mortgage lender Rate , formerly known as Guaranteed Rate , has announced a shakeup in its reverse mortgage division’s leadership by appointing two longtime industry veterans to lead the company’s efforts with older borrowers. Jesse Allen, most recently of OneTrust Home Loans and formerly of American Advisors Group (AAG), has been appointed to the role of president for the division.

Industrial 358

Industrial Mortgages Lending Loan Officer 358

Estate Agent Today

NOVEMBER 20, 2024

The Government doesn’t have annual housebuilding targets but is confident that it will provide 1.5m new homes over the next five years, the Housing Minister has revealed.

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Housing Wire

NOVEMBER 20, 2024

HSBC has agreed to direct $25 million over the next four years to support underserved communities in an agreement with the National Community Reinvestment Coalition (NCRC) following allegations of redlining , the parties announced on Wednesday. In August 2023 , the bank disclosed it was under investigation by the Department of Housing and Urban Development (HUD) after the nonprofit organization filed a complaint alleging violations of the U.S.

Loan Officer 353

Loan Officer Lending Banks Loans 353

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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

NOVEMBER 20, 2024

Designed to comfortably house up to 36 people, the bunker includes 10 bedrooms, three private bathrooms and a large master bedroom with a private bathroom. There is also the option to add six to eight additional bedrooms in the existing upper mezzanine.

Design 133

Design Sales 133

Housing Wire

NOVEMBER 20, 2024

The 2024 housing market is shaping out to be one of the slowest in recent memory, but what can the industry expect in 2025? HousingWire Lead Analyst Logan Mohtashami and Altos Research Founder Mike Simonsen have compiled a comprehensive forecast for the 2025 housing market. The report offers hope that next year will be better than the last, but only to an extent.

Marketing 349

Marketing Sales Industrial Mortgages 349

Inman

NOVEMBER 20, 2024

The National Association of Hispanic Real Estate Professionals is putting its muscle behind maintaining Clear Cooperation, a policy that requires brokers to submit a listing to their multiple listing services within one business day of marketing a property to the public.

Marketing 122

Marketing Industrial 122

Housing Wire

NOVEMBER 20, 2024

NAR’s volunteer leaders receive financial benefits that no other nonprofit in the housing space comes close to matching, 990 filings reveal. Earlier this week the National Association of Realtors (NAR) made headlines for the extravagant perks and compensation its executives and volunteer leaders receive. A New York Times investigation detailed the lavish perks enjoyed by trade group executives, particularly former CEO Bob Goldberg, who had three memberships to exclusive country clubs, paid

Title 304

Title Land As-is Mortgages 304

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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

Estate Agent Today

NOVEMBER 20, 2024

The hike to the additional rate of Stamp Duty in the Autumn Budget is having an immediate impact on the market, research suggests. Analysis by GetAgent has found that more than one in five agents experienced a fallout as a result of the increase from 3% to 5% for landlords and second homeowners.

Marketing 117

Marketing Agents As-is 117

Housing Wire

NOVEMBER 20, 2024

Fannie Mae on Wednesday announced that its next version of the Desktop Underwriter (DU) software platform will be available for users on Jan. 11. The platform will feature “enhanced” risk assessment by incorporating new data points, including updated market conditions and loan performance data in its assessment functionality. Fannie Mae said that DU version 12.0 represents “a major update to DU’s credit risk assessment and opens new opportunities for homeownership ,” while claiming it will also

Bankruptcy 283

Bankruptcy Short sale Loans Development 283

Brownstoner

NOVEMBER 20, 2024

When the Dutch and then the English established settlements and towns in Brooklyn in the late 1600s, aside from homes, the first three buildings to go up were usually a church, a tavern and a school. (Not necessarily in that order.) It was felt that it was important for a… Read More > The post A Masterpiece of Education: Flatbush’s Erasmus Hall Academy and High School appeared first on Brownstoner.

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RIS Media

NOVEMBER 20, 2024

William Pitt – Julia B. Fee Sotheby’s International Realty has announced that Anthony Cutugno, a leader in luxury real estate bringing more than three decades of experience with Houlihan Lawrence, has joined the firm. Cutugno, an authority in high-end real estate, will provide support to agents across all markets served by the company from New… The post Luxury Market Specialist Anthony Cutugno Joins William Pitt – Julia B.

Marketing 111

Marketing Agents Industrial 111

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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

Bigger Pockets

NOVEMBER 20, 2024

The Raleigh and Charlotte, North Carolina, metros grew tremendously over the past five years, with a population growth of 11.53% and 8.81%, respectively (the U.S. average was 2.94%).

Marketing 109

Marketing 109

RIS Media

NOVEMBER 20, 2024

The manner in which people go about buying a home seems to have changed, according to Amit Arora, chief investment officer at Opendoor. Due to shifting demographics and a continued squeeze on people’s wallets, more homebuyers are electing to look for a house in the colder months, he said, potentially upending traditional seasonal patterns for… The post Affordability Challenges Bite Into Seasonal Buying appeared first on RISMedia.

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Industrial Marketing 111

Bigger Pockets

NOVEMBER 20, 2024

After a mammoth $418 million National Association of Realtors (NAR) settlement threatened to decimate real estate agent commissions, AccountTECH, an accounting software firm, has crunched the numbers to see how […]

Agents 109

Agents 109

RIS Media

NOVEMBER 20, 2024

While remaining elevated, mortgage rates have been leveling off in recent weeks, evidenced by a slight uptick in home purchase applications for the second week in a row. According to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA), mortgage applications increased 1.7% from last week’s 0.5% uptick. The data reflects the… The post Mortgage Applications Increase for Second Week appeared first on RISMedia.

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Mortgages Industrial Marketing 108

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