Mon.Feb 10, 2025

article thumbnail

Illinois Realtors’ leaders discuss market challenges and growth opportunities

Housing Wire

In this week’s episode of the RealTrending podcast , host Tracey Velt traveled to the REengage Winter Conference to speak with Illinois Realtors CEO Jeff Baker and president Tommy Choi. During the conversation, the group discuss real estate market challenges, the value of being a part of an association, and growth areas for associations in 2025.

Marketing 436
article thumbnail

Tariffs, home construction and affordability

Real Estate News

The price of building materials could rise by an additional 4-6% in the next 12 months, or 10% overall, according to a new report from CoreLogic.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Greater purpose: Why you should build community through real estate and service 

Housing Wire

When I first started in real estate , I thought my job was solely about helping buyers and sellers. As time went on, the desire to go beyond that struck me. Real estate agents have the privilege of guiding people through one of their biggest life decisions. We agents can also strengthen the communities we serve. When you root your business in purpose, you create something far more valuable than transactions.

Brokerage 355
article thumbnail

Home Price Growth Is Moderating – Here’s Why That’s Good for You

Keeping Current Matters

Over the past few years, home prices skyrocketed.

247
247
article thumbnail

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.

article thumbnail

Has home seller growth lost momentum?

Housing Wire

This week, the leading indicator of price reductions is more bearish for home prices. The share of homes on the market with price reductions ticked up this week, which is unusual this early in the season. Potential home sellers notice weak demand, fewer offers and price reductions, prompting them to back away from the market. As such, housing inventory isn’t shrinking.

Sales 336
article thumbnail

Lawsuits in DC as housing-related agencies close, rewrite rules

Real Estate News

Union files two suits on behalf of CFPB employees told to stay home after DOGE accesses systems; new HUD director halts programs tied to gender identity.

Closing 241

More Trending

article thumbnail

Choosing the right brokerage: What new agents need to know

Inman

Deciding which brokerage to join when you first start out as a new agent can either set you up for success or run your career off the rails before it begins, trainer Bernice Ross writes.

Brokerage 154
article thumbnail

ICE adds rate lock comparison tool to Encompass

Housing Wire

ICE Mortgage Technology on Monday announced several enhancements to the Encompass loan origination platform , including a rate lock comparison tool that enables lenders to automatically detect and adjust for changes to a loan that may affect pricing and eligibility. The “Rate Lock Comparison Tool,” which is integrated with Encompass’s product and pricing engine (PPE) , enables lenders to save time and effort by avoiding having to manually re-evaluate eligibility and reprice loa

article thumbnail

EXp Realty real estate agent found dead near New York highway

Inman

On Friday, police confirmed the victim as 57-year-old Emmanuel Moncoeur, ABC7 reported. The New York medical examiner's office has confirmed Moncoeur died from blunt force trauma, ruling his death a homicide. His injuries included a fractured skull.

Agents 158
article thumbnail

Federal employees’ union sues Russell Vought over CFPB pullback, DOGE data access

Housing Wire

The National Treasury Employees Union , which represents federal employees in 37 federal agencies and offices, has filed suit against Russell Vought, the director of the White House Office of Management and Budget (OMB), over actions he has taken to scale back the activities of the Consumer Financial Protection Bureau (CFPB) since being appointed as its acting director on Friday.

Closing 304
article thumbnail

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.

article thumbnail

Housing market challenges aren’t over yet, Barbara Corcoran warns

Inman

Mortgage rates have inched downward, with the 30-year fixed rate falling down "by a fraction of a point to 6.96 percent," Corcoran said, representing the lowest rate in six weeks. The 15-fixed loan rate was 6.21 percent as of Thursday.However, Corcoran believes the minimal drop is not enough to spur major market challenges.

Marketing 143
article thumbnail

Cardinal Financial unveils non-QM product suite

Housing Wire

Charlotte-based mortgage lender Cardinal Financial on Monday launched a new product suite to help mortgage brokers reach nontraditional borrowers. The lender’s wholesale division is now offering a nonqualified mortgage ( non-QM ) loan product suite aimed at serving consumers who have outside-the-box financial profiles. Karl Benjamin, the company’s executive vice president of wholesale, highlighted the new products as solutions for leveling the mortgage market playing field. “Ou

Loans 309
article thumbnail

Is it you? Call for speakers for Inman Connect San Diego 2025 

Inman

Inman seeks fresh perspectives and new ideas from people like you for the Inman Connect stage when the conference heads to San Diego on July 30-Aug. 1, 2025. Fill out a short form to apply.

Staging 158
article thumbnail

As Valentine’s Day approaches, a dating app for homeowners is arriving

Housing Wire

As the month of love commences and Valentine’s Day is just around the corner, the phrase “building a future together” has never been more relevant as a new dating app designated for homeowners is about to hit app stores. Designed to help users find “lifestyle matches,” Nest Friends specializes in homeowner lifestyles and niches such as real estate investing , homeowners who practice sustainable living , or the concept of “living apart together,” in whic

As-is 331
article thumbnail

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.

article thumbnail

People don’t hire logos, they hire people. Build relationships

Inman

Broker and new Inman contributor Angela Yungk offers advice on connecting with clients and building lasting real estate relationships.

Brokerage 127
article thumbnail

NAR looks to dismiss Eytalis suit on three-way membership agreements

Housing Wire

The National Association of Realtors (NAR) hasnt been shy about trying to dismiss the growing crop of lawsuits alleging that its three-way membership agreement structure constitutes an antitrust violation, and things are no different with the Eytalis suit in Texas. On Thursday, NAR and the two other defendants in the case, the Texas Realtors (TR) and Wichita Falls Association of Realtors (WFAR), filed a motion to dismiss the suits third amended complaint.

MLS 294
article thumbnail

Vacant, foreign-owned homes draw criticism in LA post-wildfires

Inman

Wildfire victims and other residents are wondering what good vacant properties owned by individuals who live thousands of miles away serve while so many struggle to find temporary and permanent housing.

Marketing 112
article thumbnail

loanDepot prevails in explosive lawsuit filed by former COO Tammy Richards

Housing Wire

A California jury on Friday dismissed the final headline-grabbing claims former loanDepot chief operating officer Tammy Richards made against the lender in 2021. Richards filed a lawsuit in September 2021 alleging that she was discriminated against by the lender, its former CEO Anthony Hsieh and former general counsel Peter Macdonald after blowing the whistle on what she called illegal company practices.

Loans 289
article thumbnail

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.

article thumbnail

Lesson Learned: You set the pace and tone for transactions

Inman

Find out how this Florida Realtor puts her unique background to work for clients and colleagues and how she "sets the pace" for her buyers and sellers.

Agents 105
article thumbnail

The ultimate open house checklist for new & experienced agents

Housing Wire

When I first started in real estate, I was eager for advice. The best advice I got from an experienced agent was simple but powerful: “Do as many open houses as you can.” I took his advice to heart. Running open houses (among other strategies) has helped me build a sustainable career in real estate at Your Property People. If it worked for me, it can work for you as well.

Agents 284
article thumbnail

Agent anxiety over commissions falls as negotiations continue: Intel

Inman

Despite modest commission compression following the NAR settlement, agents are approaching conversations around compensation with less fear, according to the latest Intel Index survey data.

Agents 105
article thumbnail

Kiavi expands investment lending options to 13 more states

Housing Wire

Residential real estate capital provider Kiavi announced Monday that it is expanding into 13 additional states, broadening the company’s reach to 45 states and Washington, D.C. The expansion includes the states of Alaska, Delaware, Hawaii, Idaho, Iowa, Louisiana, Maine, Montana, Nebraska, New Hampshire, North Dakota, South Dakota and Wyoming. Kiavis expansion into these 13 additional markets provides an immediate opportunity to equip more real estate investors with the fast, reliable, and

Lending 278
article thumbnail

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.

article thumbnail

Why Turnkey Rentals Are the Smart Choice for Busy Investors

Bigger Pockets

Lets face it: Real estate investing sounds glamorous. You picture yourself walking through properties, making deals, and building a portfolio that practically prints money.

Investor 104
article thumbnail

Amid housing challenges, LA residents voice concerns about foreign-owned vacant homes

Housing Wire

As Los Angeles County continues to pick up the pieces from the devastation caused by the Palisades and Eaton wildfires , some in the community are losing patience with what had previously been a quirk of the sought-after housing market: unscathed homes in impacted areas sitting vacant, owned by foreign nationals thousands of miles away. According to a report from the Wall Street Journal , certain community members are calling foul on the high-priced homes sitting empty in the areas in which resi

Agents 229
article thumbnail

‘A sticking plaster’ – industry reacts to home buying reforms

Estate Agent Today

The Governments plans to digitise the home buying process have received a mixed response.

article thumbnail

FOA’s James Mittleman looks ahead at 2025 with AAG integration in rearview

Housing Wire

When news came down about the acquisition of American Advisors Group (AAG) by Finance of America (FOA), reactions across the reverse mortgage industry were largely optimistic. Now that some time has passed, FOA leaders are largely looking ahead at the business possibilities for the next year. This is according to James Mittleman, FOAs senior vice president of retail sales, in a recent interview with HousingWire s Reverse Mortgage Daily (RMD).

article thumbnail

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.

article thumbnail

Always-on and getting smarter, AI coaching options grow

Inman

If artificial intelligence can talk to your prospective leads about their housing needs, theres no reason it cant chat with you about your business, and it's ready to get talkative, tech columnist Craig Rowe writes.

Sales 97
article thumbnail

Why the CFPB’s enforcement pause is not a free pass for lenders

Housing Wire

The recent developments surrounding the Consumer Financial Protection Bureau (CFPB) have left many in the mortgage industry wondering what comes next. With Acting Director Russell Vought halting all rulemaking , enforcement actions and examinations, some may be tempted to believe that the regulatory burden on Independent Mortgage Banks (IMBs) is lifting.

Lending 216
article thumbnail

Cobble Hill Greek Revival With Wide-Plank Floors, Parking Asks $3.25 Million

Brownstoner

There are some appealing details in this 1840s Greek Revival including wide-plank floors, a pier mirror, mantels, and an original stair. At 227 Warren Street in Cobble Hill, the 20.75-foot-wide house is set up with an owner's triplex above a one-bedroom garden rental. Included in the sale is a deeded… Read More > The post Cobble Hill Greek Revival With Wide-Plank Floors, Parking Asks $3.25 Million appeared first on Brownstoner.

Sales 110
article thumbnail

Industry must step up to help veterans achieve the American Dream

Housing Wire

I recently had the profound honor of helping to hand-wash the Vietnam Veterans Memorial in Washington, D.C., a deeply moving experience that allowed me to pay homage to my fellow servicemembers and Naval Academy classmates who served in one of the longest wars in American history. Standing alongside Jan Scruggs , the visionary behind the memorial and founder of the Vietnam Veterans Memorial, I reflected on the legacy of courage and sacrifice shared by our Veteran community.

article thumbnail

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.