Housing Wire
FEBRUARY 16, 2024
Three sources, who have asked to remain anonymous, have confirmed to HousingWire that the National Association of Realtors (NAR) has run out of liability insurance funds. The news about NAR’s insurance predicament began circulating late Wednesday , with industry analyst Rob Hahn highlighting the news in the Thursday edition of his email newsletter NotoriousROB.
Keeping Current Matters
FEBRUARY 16, 2024
If you’re trying to buy a home but are having a hard time finding something in your budget, here’s something that can help: consider condos and townhomes.
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Housing Wire
FEBRUARY 16, 2024
The Department of Justice (DOJ) is asking the real estate industry to consider a world without the practice of cooperative compensation. In its statement of interest relating to MLS Property Information Network ’s (MLS PIN) settlement agreement with the Nosalek commission lawsuit plaintiffs, filed Thursday evening, the DOJ recommended that Judge Patti D.
Real Estate News
FEBRUARY 16, 2024
A Wall Street Journal story portrays the National Association of Realtors as inflexible in the face of legal challenges to the industry’s commission structure.
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.
Housing Wire
FEBRUARY 16, 2024
Today, housing starts fell more than anticipated , but the more important story in today’s report is that even though the apartment boom is dead, single-family permits are rising. The U.S. housing apartment boom ran into higher mortgage rates and more supply faster than anticipated, while single-family permits are still enjoying a world of sub-6% mortgage rates.
Real Estate News
FEBRUARY 16, 2024
While overall activity softened last quarter, real estate investors flocked to Chicago and cities in California in the hunt for lower-priced properties.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Inman
FEBRUARY 16, 2024
With a combined net worth of $125 billion after earnings this week, the mortgage giants remain on a path that could lead to eventual release from government conservatorship if political winds shift.
Housing Wire
FEBRUARY 16, 2024
A bill introduced in the New Jersey Senate would require face-to-face counseling for the state’s reverse mortgage transactions and would nullify any loans originated without proof of such counseling having taken place. The bill is currently awaiting deliberation in the state Senate’s commerce committee. The bill, S2520 , would also offer a seven-day right of rescission on any reverse mortgage transaction, allowing a borrower to cancel the loan within that window without a penalty.
Inman
FEBRUARY 16, 2024
The Department of Justice said a proposed settlement in the major antitrust lawsuit might itself violate federal law and said buyers should negotiate their broker's commission directly.
Housing Wire
FEBRUARY 16, 2024
A second home seller in Nevada has filed a lawsuit alleging that real estate industry players in the state have colluded to artificially inflate real estate agent commissions. The copycat commission lawsuit was filed on Friday in U.S. District Court in Las Vegas by Nevada home seller Angela Boykin. The complaint claims that the National Association of Realtors is the creator of this alleged conspiracy through its creation and enforcement of its Participation Rule.
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Inman
FEBRUARY 16, 2024
The Federal Reserve's policy shift depressed homebuyer and homeseller activity in January, according to Redfin. Monthly new and active listing growth dropped to the lowest levels since last summer.
Housing Wire
FEBRUARY 16, 2024
Mortgage applications for new homes surged in January as a lack of existing homes continued to fuel the demand for new construction. Mortgage applications for new home purchases rose 19.1% in January on a year-over-year basis, the 12th consecutive month with an annual increase. Applications were up 38% from the previous month, according to the Mortgage Bankers Association (MBA) Builder Application Survey for January.
Real Estate News
FEBRUARY 16, 2024
A total of 22 defendants are named, including NAR, local and national brokerages, and several associations and MLSs.
Housing Wire
FEBRUARY 16, 2024
For most of its history, New American Funding (NAF) has focused on organic growth, but earlier this month, the company acquired Draper and Kramer Mortgage Corp. to enhance its presence in the Midwest and along the East Coast. HousingWire Editor in Chief Sarah Wheeler sat down with New American Funding CEO and Co-founder Rick Arvielo to talk about the acquisition, the company’s strategy for the rest of 2024, and what differentiates NAF in this market.
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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.
Inman
FEBRUARY 16, 2024
Loan applications for new-home purchases were up 19 percent from a year ago in January, according to an MBA survey of builders that's been an accurate predictor of trends.
Housing Wire
FEBRUARY 16, 2024
Cautious optimism is prevalent in the mortgage industry for 2024 as industry professionals anticipate the recovery of lost origination volume. To take advantage of the shifting market, two key areas that loan originators should be focusing on are “nurturing and cementing relationships with preapproved borrowers,” said Tim Braheem, founder and chief content creator of The Loan Atlas.
Inman
FEBRUARY 16, 2024
NAR Interim CEO Nykia Wright sent a letter on Friday following a critical article in the Wall Street Journal, and in the wake of news the U.S. Department of Justice wants big changes in real estate.
Housing Wire
FEBRUARY 16, 2024
Path & Post Real Estate appointed Bekki Shae Smith to the role of managing broker, the Georgia -based boutique brokerage announced on Thursday. Before joining Path & Post, Smith was a Realtor , broker and partner at LOCAL Realty North ATL for three years. Additionally, Smith is serving as the 2024-25 Region 1 director for the Georgia Association of Realtors ; in 2023 she served as the president of the Cherokee Association of Realtors.
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Inman
FEBRUARY 16, 2024
The award-winning Atlanta agent is returning to the brokerage where she spent over 40 years of her career after an 8-year stint at Berkshire Hathaway.
Housing Wire
FEBRUARY 16, 2024
Housing starts came in lower than estimates in the first month of the year, as the cold winter dampened activity. New construction starts fell to a seasonally adjusted annual rate of 1.331 million units, down 14.8% month over month, according to a report released Friday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD).
Inman
FEBRUARY 16, 2024
Now Streaming! Gain expert advice from industry leaders on navigating common pitfalls faced by new agents, and learn best practices to ensure success in 2024.
Housing Wire
FEBRUARY 16, 2024
California Regional MLS (CRMLS), the largest MLS in the country, has teamed up with technology provider Immobel to roll out two new products, MLS Match and Xomio, the company announced on Wednesday. MLS Match is an agent referral network program, while Xomio is internet data exchange (IDX) software that helps agents create websites in 19 different languages.
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Inman
FEBRUARY 16, 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.
Housing Wire
FEBRUARY 16, 2024
Finance of America Companies (FOA), parent company of reverse mortgage industry-leading lender Finance of America Reverse (FAR), was notified for the second time on Feb. 12 by the New York Stock Exchange (NYSE) that it was not in compliance with the exchange’s continued listing standard. This is according to an announcement from FOA issued on Friday, Feb. 16.
Eye on Housing
FEBRUARY 16, 2024
Despite weakness for single-family construction in 2023, townhouse construction recorded the best quarter for starts in more than 17 years. According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, during the fourth quarter of 2023, single-family attached starts totaled 47,000, which is 27% higher than the fourth quarter of 2022.
Inman
FEBRUARY 16, 2024
The family has owned the shingle-style property since 1999, spending many vacations and holidays there, and is now selling it for $14.95 million.
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Bigger Pockets
FEBRUARY 16, 2024
Pittsburgh-based investor and house flipper John Walker of Turnkey Investment Properties and his business partner, Jim Auten, usually have around 10 flips on the go at any time.
Inman
FEBRUARY 16, 2024
Construction technology company Higharc closed a $53 million Series B round of financing led by Spark Capital and Pillar VC.
Bigger Pockets
FEBRUARY 16, 2024
At the beginning of 2023, we reported on the advent of #Airbnbust, a term coined by Amy Nixon and amplified by vacation property operators on social media to describe falling revenues […]
Inman
FEBRUARY 16, 2024
At Inman Connect New York, the SERHANT. founder and CEO issued a challenge to the real estate industry to innovate rather than react.
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.
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