Housing Wire

APRIL 5, 2024

Today’s jobs report beat estimates , but the internals show the labor market is softening, as the Federal Reserve wants. The data shows that wage growth is cooling down and the job opening quits rate is below pre-COVID-19 levels. This bodes well for those hoping to see a soft landing, and for those hoping for lower mortgage rates. The 10-year yield has had a wild ride today, but now is an excellent time to look at my macro take on the labor market and explain what the Fed is looking for wi

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Keeping Current Matters

APRIL 5, 2024

Hiring an agent when buying a home helps you understand the buying process and the local market.

Agents 338

Agents Marketing 338

Housing Wire

APRIL 5, 2024

Ginnie Mae this week issued a public notice to its issuer partners warning of an observation of higher prepayments in some of its mortgage-backed securities (MBS) programs, reminding issuers that a violation of its requirements could result in punitive action. In a prior All Participants Memorandum (APM) issued in December 2017 , Ginnie Mae described how it monitors prepayments in its MBS programs.

Mortgages 501

Mortgages Marketing As-is 501

Real Estate News

APRIL 5, 2024

Ruling could lead to further changes in industry practices by allowing the Department of Justice to revisit an antitrust case originally settled in 2020.

Industrial 318

Industrial 318

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Housing Wire

APRIL 5, 2024

The number of first-time homebuyers made up 32% of all buyers in 2023, according to a report released by the National Association of Realtors. Millennials comprised 75% of this demographic, with older millennials and Generation X (ages 44 to 58) accounting for 44% and 24% of first-time buyers. Against that backdrop, Zillow identified prime markets for first-time homebuyers , and half of them were nestled in the Midwest.

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Pre-approval Marketing New Construction Construction 482

Real Estate News

APRIL 5, 2024

The brokerage giant announced that its chief strategy officer will assume the CEO role, taking over from founder and eXp World Holdings CEO Glenn Sanford.

Brokerage 252

Brokerage 252

Inman

APRIL 5, 2024

In another loss for the National Association of Realtors, the court ruled the U.S. Department of Justice can reopen its investigation into rules around commission sharing.

Agents 202

Agents 202

Housing Wire

APRIL 5, 2024

The National Reverse Mortgage Lenders Association (NRMLA) announced this week that Peter Sciandra, EVP of reverse lending and secondary marketing at Fairway Independent Mortgage Corporation , has joined its board of directors for the remainder of the 2023-2024 term. Reverse mortgage division leaders at Fairway announced in February that in addition to a reshuffling of the division’s leadership team, the company had elected to rejoin NRMLA after splitting from the association in late 2021.

Lending 448

Lending Mortgages Industrial Development 448

Inman

APRIL 5, 2024

That includes benefits for first-time homebuyers, who might be better served by inexperienced agents. However, some benefits require changes from mortgage lenders, consumer watchdog says.

Agents 188

Agents Mortgages MLS 188

Housing Wire

APRIL 5, 2024

In a filing earlier this week, HomeServices of America asked Judge Stephen Bough, who is overseeing the Sitzer/Burnett commission lawsuit , to deny the plaintiffs motion for entry of judgement. In their mid-March filing, the Sitzer/Burnett plaintiffs asked the court to order HomeServices of America, the sole remaining defendant in the suit, to pay $4.7 billion in damages.

Brokerage 448

Brokerage As-is Finance 448

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 5, 2024

Dive into a discussion with industry leaders as they share valuable tactics for effectively communicating the value you bring to transactions.

Agents 188

Agents Industrial 188

Housing Wire

APRIL 5, 2024

Reverse mortgage professionals in Massachusetts will be reliant on their borrowers’ ability to complete their required counseling sessions under the state’s face-to-face mandate following the expiration of a provision temporarily relaxing the standard that expired on April 1. This is according to prior legislative documents reviewed by RMD and an announcement this week by the National Reverse Mortgage Lenders Association (NRMLA).

Mortgages 448

Mortgages Banks Industrial Development 448

Inman

APRIL 5, 2024

Luxury agent and new Inman contributor Beckie Nielsen offers insight on making client service more personal, more meaningful and, ultimately, more effective.

Agents 186

Agents 186

Housing Wire

APRIL 5, 2024

To paraphrase Mark Twain, history may not repeat itself, but it does rhyme. The U.S. mortgage industry recently had to remind itself of this fact when a CNN analysis found that the nation’s largest credit union, Navy Federal, has the widest disparity in mortgage approval rates between white and black borrowers of any major lender. The report, released back in December, noted that Navy Federal Credit Union approved more than 75% of white borrowers who applied for a new conventional home pur

Mortgages 447

Mortgages Lending Banks Loans 447

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Brokerage

Inman

APRIL 5, 2024

Inman sat down with Raveis following his firm's 50-year anniversary to discuss what it takes to lead a brokerage for half a century.

Brokerage 184

Brokerage 184

Housing Wire

APRIL 5, 2024

The U.S. economy added another 303,000 jobs in March, exceeding economists’ expectations, and well above the average monthly gain of 231,000 jobs over the prior 12 months. Jobs increased in March, up from a revised rate of 270,000 in February , according to data released by the Bureau of Labor Statistics on Friday. The national unemployment rate changed little at 3.8%, down from 3.9% in February, and still below the full employment rate of 4%.

Industrial 372

Industrial Mortgages Construction MLS 372

Inman

APRIL 5, 2024

The LA luxury powerhouse passed away peacefully in her home on Tuesday. Industry professionals shared with Inman the many ways in which Berman touched their lives.

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Agents Industrial 181

Real Estate News

APRIL 5, 2024

Jennifer Berman most recently served as COO of Direct Offer and was a cast member on the CNBC series “Listing Impossible.

Agents 172

Agents 172

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Agents

Inman

APRIL 5, 2024

Broker Julie Busby shares tips for making messages around HELOCs and real estate investing a centerpiece of your springtime content marketing efforts.

Agents 179

Agents Marketing Brokerage 179

Bigger Pockets

APRIL 5, 2024

Insurance premiums are skyrocketing across the U.S., with no end in sight to annual increases that may just make you rethink investing in real estate in several parts of the country.

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132

Inman

APRIL 5, 2024

Real estate maven Barbara Corcoran tells the industry to calm down following the furor over NAR's commission lawsuit settlement.

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Industrial Brokerage Agents 179

Bigger Pockets

APRIL 5, 2024

Depending on the college, students nationwide looking to live at school have recently found themselves staying in luxury hotels, trailers, on friends’ couches, or Zooming in to class from their […]

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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

APRIL 5, 2024

Hunterbrook Media founder dismisses Ishbia's take as "baseless conspiracy theory", while Rocket says it and founder Dan Gilbert have no financial interests or relationship to Hunterbrook.

Mortgages 175

Mortgages 175

Bigger Pockets

APRIL 5, 2024

During much of the year, this short-term, two-bedroom rental in Indio, California, a lovely, quiet, desert town about 35 minutes past Palm Springs, hovers around $172 a night.

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129

Inman

APRIL 5, 2024

Pareja, who joined eXp Realty in 2022, previously served as its chief strategy officer. Founder Glenn Sanford will remain with the firm as CEO of parent company eXp World Holdings.

Brokerage 174

Brokerage Industrial Agents 174

RIS Media

APRIL 5, 2024

In a split decision, a panel of judges for the D.C. Circuit Court of Appeals today overruled a district judge who had previously prevented the Department of Justice (DOJ) from reopening its investigation into the National Association of REALTORS® (NAR), potentially allowing regulators to pursue further changes to policy and rules in the industry. In… The post BREAKING: Appeals Court Rules DOJ Can Reopen Investigation Into NAR appeared first on RISMedia.

Industrial 128

Industrial Agents 128

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Sales

Inman

APRIL 5, 2024

First-time homebuyers made up half of all homebuyers in St. Louis in 2023, according to Zillow. That's the highest share the city has seen since at least 2017.

Marketing 173

Marketing 173

RIS Media

APRIL 5, 2024

The March jobs report, released Friday from the U.S. Bureau of Labor Statistics, defied odds predicted by analysts—indicating a slightly positive upward trend in employment from February, which will likely keep interest rates high in the coming months. The data showed an addition of 303,000 jobs in March compared to 270,000 in February, an increase… The post New Jobs Report Shows Stronger-Than-Expected Results appeared first on RISMedia.

Industrial 126

Industrial Marketing 126

Inman

APRIL 5, 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 168

Brokerage Agents 168

RIS Media

APRIL 5, 2024

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. United Wholesale Mortgage (UWM) is being sued by consumers in a proposed consumer class action filed on Tuesday, April 2, as reported by Reuters. The suit alleges that UWM “schemed” with brokers to “push homebuyers into… The post Mortgage Mix: United Mortgage Faces Consumer Lawsuit; NAR Issues Please to the VA and GSEs appeared first on RISMe

Mortgages 124

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