Housing Wire

AUGUST 21, 2024

Mortgage rates have moved lower in recent months, but Fannie Mae economists said Wednesday that this won’t be enough to increase the number of homes sold in the foreseeable future. Fannie Mae’s Economic and Strategic Research (ESR) Group downgraded its forecasts for 2024 and 2025 home sales based on a number of reliable metrics that have “barely budged in response to the more favorable rate environment.“ These include purchase mortgage application levels, home tour requests and online views of l

Sales 472

Sales Mortgages Land Construction 472

Keeping Current Matters

AUGUST 21, 2024

In today's housing market, many sellers are making a critical mistake: overpricing their houses.

Marketing 340

Marketing 340

Housing Wire

AUGUST 21, 2024

Plaintiffs’ attorneys in the Gibson copycat commission lawsuit are seeking $36.8 million, or one-third of the $110.6 million total settlement in the case, according to documents filed on Tuesday. This amount is only for the Gibson suit, which was combined with the Umpa suit in April, as the settlements for this suit are separate from the ones negotiated with the Sitzer/Burnett and Moehrl plaintiffs.

Brokerage 465

Brokerage As-is 465

Real Estate News

AUGUST 21, 2024

“We have to protect our brokers and agents” from the risks of violating the NAR deal to settle commissions lawsuits, said Merri Jo Cowen, CEO of Stellar MLS.

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MLS Agents 233

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

AUGUST 21, 2024

While there have not been any “ horror stories ” in the first few days since business practice changes mandated by the National Association of Realtors’ (NAR) commission lawsuit settlement agreement were implemented, that doesn’t mean it has been completely smooth sailing for real estate professionals. For Linda O’Koniewski , the broker-owner of Leading Edge Real Estate , one of the largest hiccups so far was when one of her agents brought a buyer offer that included concessions to a sel

Purchase and sale agreement 473

Purchase and sale agreement Agents Industrial As-is 473

Real Estate News

AUGUST 21, 2024

In a court filing, lawyers called the nearly $37 million request “reasonable” and “appropriate” based on the risk and hours involved.

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252

Inman

AUGUST 21, 2024

Doug Miller of Consumer Advocates in American Real Estate, the initiator behind the first bombshell antitrust lawsuit, sounds alarm against Realtor talking points that "continue steering.

MLS 193

MLS Brokerage Agents Marketing 193

Housing Wire

AUGUST 21, 2024

In conjunction with National Senior Citizens Day on Wednesday, the New York Department of State ’s Division of Consumer Protection is circulating a series of tips that aim to help older adults avoid financial scams and exploitation. One way that bad actors may try to take advantage of older Americans is through reverse mortgages. “Not all reverse mortgages are scams, but scammers can pose as lenders to pressure you into signing contracts,” the division advises in its bulletin.

Mortgages 424

Mortgages Loans Equity Development 424

Inman

AUGUST 21, 2024

In a filing outlining costs and expenses, plaintiffs' attorney Michael Ketchmark estimates he has spent 7,000 hours on Gibson and other commission suits for work totaling $10.1 million since 2019.

Brokerage 179

Brokerage Agents 179

Housing Wire

AUGUST 21, 2024

We all know there are some significant changes happening in the real estate industry. It’s more important now than ever that your vendor and affiliate relationships become a cohesive extension of you. Whether you have a team or not, you should think of vendors and affiliates as an extension of your team. If you consider your vendors and affiliates part of your team, do they know that?

Inspection 425

Inspection Agents As-is Industrial 425

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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

AUGUST 21, 2024

Affordability challenges will limit growth in home sales to 0.5 percent this year — to just 4.78 million — before surging to 5.19 million in 2025, according to the latest housing forecast from Fannie Mae economists.

Sales 177

Sales Mortgages Marketing 177

Housing Wire

AUGUST 21, 2024

David Heilman, principal for HomeGrown Financial in Mount Pleasant, South Carolina , didn’t feel like he had to shake up his approach to working with seniors when he became involved in the reverse mortgage industry. Having experience in the health care field prior to entering the mortgage business, it mainly meant reorienting himself from serving the physical health needs of older Americans to now serving their financial health needs.

Mortgages 417

Mortgages Loan Officer Principal Industrial 417

Inman

AUGUST 21, 2024

The numbers suggest that the labor market cooled off much faster than was previously thought and is not in as strong a position as believed. The Federal Reserve now also has a case to make a bigger cut in interest rates than initially anticipated come September.

As-is 174

As-is Marketing Mortgages 174

Housing Wire

AUGUST 21, 2024

The Consumer Financial Protection Bureau (CFPB) has settled a case with Florida-based Fay Servicing over illegal conduct in foreclosures. The deal includes a $2 million fine and potential limitations to the CEO’s compensation. A company spokesperson wrote to HousingWire that “Fay continues to strongly disagree with the CFPB’s claims in this matter, but we made a business decision to settle.” “While we disagree with the CFPB’s positions, we are pleased to put this matter behind

Mortgages 415

Mortgages Technology Industrial Development 415

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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

AUGUST 21, 2024

Thumbtack for Real Estate is an agent-facing co-branded experience that lets licensed professionals deliver an intuitive workflow for task management, from moving company provisioning to room renovation.

Renovation 169

Renovation Branding Agents Closing 169

Seattle Times Real Estate

AUGUST 21, 2024

Officials are offering tax breaks and regulatory relief as fewer office workers return to once-busy areas. In Seattle, nearly a third of downtown office space is empty or available for sublease.

As-is 139

As-is 139

Inman

AUGUST 21, 2024

The public nomination period for Inman’s AI Awards closes Sept. 6. Until then, all members of the Inman community are invited to nominate AI visionaries for consideration.

Closing 163

Closing 163

RIS Media

AUGUST 21, 2024

Forging through a year engulfed in ongoing lawsuits and unexpected scandals and topped off by rising interest and mortgage rates and skyrocketing home prices, this year’s RISMedia Real Estate Newsmakers Hall of Fame class not only stands out for their companies’ continued success in an increasingly difficult market, but also for their firms’ newsworthy accomplishments… The post Six Iconic Real Estate Leaders to Be Inducted in 2024 RISMedia’s Newsmakers Hall of Fame appeared first on RISMed

Mortgages 122

Mortgages Marketing Industrial Agents 122

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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

AUGUST 21, 2024

The CEO of Douglas Elliman was elected a director of the company alongside David K. Chene and Patrick J. Bartels during an annual stockholders meeting on Wednesday, much to the dismay of some disgruntled stockholders.

Brokerage 162

Brokerage 162

RIS Media

AUGUST 21, 2024

In a filing Tuesday, Aug. 20, the Gibson vs. NAR plaintiff attorneys—which includes the Burnett trial’s infamous Michael Ketchmark—requested the court grant them one-third of the $110.6 million settlement pool (which equates to $36.8 million) as payment for their legal fees and work on the case. Specifically, the filing stated that “Class Counsel respectfully request… The post Gibson Plaintiff Attorneys Seek One-Third of $110.6M Settlement appeared first on RISMedia.

MLS 119

MLS Industrial Agents 119

Inman

AUGUST 21, 2024

Sisters Amy Chorew and Maeda Palius share why it's important to surround yourself with a group of trusted advisors to support your personal and business growth.

Mortgages 165

Mortgages Agents 165

RIS Media

AUGUST 21, 2024

In the ever-evolving world of residential real estate, accurately understanding and conveying property value is paramount. At the core of this endeavor lies a crucial tool: maps. The importance of accurate and insightful mapping cannot be overstated, as it plays a vital role in both pricing and marketing properties. Here are some top tips for… The post Top Tips for Using Mapping in Real Estate appeared first on RISMedia.

Residential 122

Residential Marketing As-is Industrial 122

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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

AUGUST 21, 2024

Falling mortgage rates have more homeowners interested in refinancing, but homebuyers are largely staying on the sidelines. Rates may now be poised for a bigger drop.

Investor 161

Investor Mortgages Marketing 161

RIS Media

AUGUST 21, 2024

Mortgage applications decreased 10.1% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending August 16, 2024. This is a large decrease from the most recent weeks of increases, however refinance activity remains strong as rates have lowered. This week’s data: The Market Composite Index,… The post Mortgage Applications Drop, Refinance Activity Remains High appeared first on RISMedia.

Mortgages 124

Mortgages As-is Marketing Industrial 124

Inman

AUGUST 21, 2024

Title tech provider expects $85 million merger with Dallas, Texas-based title insurance underwriter Title Resources Group to close later this year.

Title 169

Title Closing Mortgages 169

HomeLight

AUGUST 21, 2024

Selling your home in San Diego? One key detail to plan for is closing costs—those fees and expenses that arise when finalizing the sale of your property. In this guide, we’ll explain how closing costs work in San Diego and what specific fees sellers should anticipate. From loan payoffs to taxes, we’ll cover the most common expenses, helping you stay informed and prepared as you sell your San Diego home.

Closing costs 111

Closing costs Closing Loans Title 111

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Brokerage

Inman

AUGUST 21, 2024

Headquartered in Seattle and Miami Beach, Beyond Brokers Consulting serves clients nationwide, Burmester shared with Inman exclusively. The firm's ultimate goal is to expand into markets that its sole client, Sotheby’s International Realty, has not yet reached.

Brokerage 152

Brokerage Agents Marketing Branding 152

Eye on Housing

AUGUST 21, 2024

An expected impact of the virus crisis was a need for more residential space, as people use homes for more purposes including work. Home size correspondingly increased in 2021 as interest rates reached historic lows. However, as interest rates increased in 2022 and 2023, and housing affordability worsened, the demand for home size has trended.

Residential 111

Residential Construction 111

Inman

AUGUST 21, 2024

The average loan balance for first mortgages rose from $345,761 in the first quarter to $356,993 in the second, the Mortgage Bankers Association reported.

Loans 156

Loans Banks Mortgages Lending 156

NAR: Economic Outlook

AUGUST 21, 2024

What Is "Demure and Mindful" to Real Estate? First-time buyers have to be "demure and mindful" in many ways: finances, prior living situation, buyer offers, and working with a real.

Finance 110

Finance 110

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