Housing Wire

JUNE 26, 2024

Homebuilders with unsold inventory are feeling the pinch of high mortgage rates — and it’s showing up in new-home sales data. The U.S. Census Bureau ’s new-home sales report for May shows that transactions took a nosedive to a seasonally adjusted annual sales volume of 619,000. Despite May being part of the prime homebuying season, that number represented a 16.5% year-over-year drop and was 11.3% below the revised rate in April.

Sales 459

Sales MLS Closing costs Equity 459

Keeping Current Matters

JUNE 26, 2024

Should you buy a home now or should you wait?

Marketing 292

Marketing 292

Housing Wire

JUNE 26, 2024

To address one of the largest barriers faced by first-time homebuyers, Freddie Mac has introduced an innovative platform for housing professionals called DPA One®. Launched in September 2023, this platform streamlines the often frustrating and confusing process of searching for and matching down payment assistance (DPA) programs. Recently, the team behind DPA One shared insights into their dedication to making homeownership more accessible and their vision for the platform’s future.

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Loans Development Industrial Finance 418

Real Estate News

JUNE 26, 2024

May sales were well below April numbers and down 16.5% year-over-year, a sign that builder incentives may not be enough to overcome high rates and prices.

Sales 253

Sales 253

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Development

Housing Wire

JUNE 26, 2024

Reverse mortgage industry leader Finance of America (FOA) announced this week that it has restructured its unsecured debt into new, secured debt that will come due beyond the original 2025 maturity date. This is according to an announcement and an 8-K filing with the Securities and Exchange Commission (SEC) that was reviewed by HousingWire ’s Reverse Mortgage Daily (RMD).

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Finance Principal Commercial Equity 416

Inman

JUNE 26, 2024

Plaintiffs allege REBNY and dozens of real estate brokerages perpetrated a "wholly separate conspiracy" from the claims resolved by the NAR settlement, but defendants disagree.

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Brokerage MLS 161

Inman

JUNE 26, 2024

Denver Metro Association of Realtors and South Metro Denver Realtors Association say sale to private equity firm would offer protection during a time of intense litigation in the real estate industry.

MLS 160

MLS Sales Equity Industrial 160

Housing Wire

JUNE 26, 2024

Craig Stammler has joined New American Funding (NAF) as a regional vice president, the California -based mortgage lender announced Tuesday. Stammler, who previously worked for loanDepot , Wells Fargo and Countrywide , will be responsible for overseeing the company’s southern Idaho and northern California markets. His duties include growth of existing teams, managing profitability and development of branch leadership.

Marketing 397

Marketing Loan Officer Branding Loans 397

Inman

JUNE 26, 2024

Whether it was from your favorite colleague or a wise mentor or coach, what are the words of wisdom you've heard lately?

Brokerage 157

Brokerage Agents 157

Housing Wire

JUNE 26, 2024

Reverse mortgage products have a lot of potential utility for older American homeowners, but many consumers remain skeptical of their usefulness due to lingering reputational problems and institutional aversions, despite becoming more regulated in recent years. This was part of a series of perspectives shared on Morningstar ’s “The Long View” podcast by American College of Financial Services professors Don Graves and Wade Pfau.

Mortgages 397

Mortgages Loans Equity Development 397

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

JUNE 26, 2024

Clever CEO Luke Babich writes that partnering with well-qualified lenders helps you help your clients, build your brand and add value to every real estate transaction.

Branding 154

Branding Lending Banks Brokerage 154

Housing Wire

JUNE 26, 2024

The office of Tennessee Attorney General Jonathan Skrmetti has passed an investigation into an attempted fraudulent foreclosure auction of music icon Elvis Presley’s former home to federal authorities, according to reporting from the The Associated Press (AP). The famous home known as Graceland was purchased by Presley in 1957 after his career skyrocketed, landing him the moniker of the “King of Rock n’ Roll.

Land 397

Land Sales Loans As-is 397

Inman

JUNE 26, 2024

The partnership will give larger multifamily rental operators access to Moody's data on topics such as rents, vacancies and inventory.

Technology 153

Technology 153

Housing Wire

JUNE 26, 2024

Customer engagement platform Total Expert is launching a marketplace this week for financial institutions to build their marketing technology stack. Partners will plug into the Total Expert platform to offer solutions such as chats and texts supported by artificial intelligence (AI), targeted mail campaigns, and management of their online reputation.

Technology 397

Technology Marketing Banks Mortgages 397

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Brokerage

Inman

JUNE 26, 2024

Mortgage rates have been on the decline since late April, as closely watched data releases suggest the economy is cooling and that the Fed may start cutting rates as soon as September.

Mortgages 151

Mortgages Closing As-is Marketing 151

Housing Wire

JUNE 26, 2024

The Florida housing market faces an outsized risk from weather events and larger climate issues. The state has the longest coastline in the lower 48 and its average elevation is just 100 feet. That low-lying land is prime real estate, with 16.2 million people living in coastal areas primed for damage from tropical storms, hurricanes and flooding. Not surprisingly, the state also has the highest average cost for homeowners insurance , and that cost is rising.

Marketing 396

Marketing Inspection Development Land 396

Inman

JUNE 26, 2024

Defendants in the case, which also includes Weichert Realtors and United Real Estate, say the claims lack standing, are untimely and an attempt to "parrot" arguments made in Batton 1.

MLS 150

MLS Brokerage 150

Housing Wire

JUNE 26, 2024

Judge Patti B. Saris, who is overseeing the Nosalek commission lawsuit, made the decision to stay the case, pending Judge Stephen R. Bough’s ruling on the nationwide commission lawsuit settlement agreement reached by the National Association of Realtors (NAR) in March. According to Saris’ order, the plaintiffs have 30 days after Bough’s ruling to file their supplemental preliminary approval of settlement.

MLS 395

MLS Brokerage Industrial Development 395

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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

JUNE 26, 2024

Official co-founder Nicole Oge said the decision for Tal to step away from the firm was a mutual one. Tal's lawyer, Deanna Paul, said he wouldn't let recent rape claims "be a further distraction" to the firm or clients.

Brokerage 150

Brokerage Agents 150

Housing Wire

JUNE 26, 2024

iHomefinder is hoping to bolster its business with a new hire. The real estate technology provider has added sales veteran Bryson Womack as vice president of sales, a move that took effect this week. Womack has more than 30 years of experience as a CEO, founder and sales executive. “Bryson has a proven track record of success,” the company said in a statement announcing the hire.

Sales 394

Sales Technology Branding Construction 394

Inman

JUNE 26, 2024

Think about the time and effort you spend doing your own bookkeeping, Maeda Palius and Amy Chorew write, then contrast that with profit potential of using that time for income-generating activities.

Brokerage 141

Brokerage Agents 141

Housing Wire

JUNE 26, 2024

The Housing Policy Council (HPC) announced on Wednesday that it has appointed Michael Drayne as its new senior vice president of capital markets, effective July 1. Drayne has three decades of capital markets experience. He served from 2011 to 2023 in various roles at government-owned company Ginnie Mae , where he helped to manage different elements of the mortgage-backed securities (MBS) programs.

Finance 387

Finance Banks Mortgages Technology 387

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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

JUNE 26, 2024

Engaging with your network is not a one-and-done proposition, Mauricio Umansky writes. It's about consistent effort and effective communication.

Technology 141

Technology Brokerage Agents Marketing 141

Housing Wire

JUNE 26, 2024

Former NEXA Mortgage President Mat Grella filed a motion to dismiss a lawsuit in which the company accuses him of causing the failure of a hangar-office property purchase and acting to defame his business partner Mike Kortas. According to the document, filed on Monday in a superior court in Maricopa, Arizona, the lawsuit is the “handiwork” of Kortas.

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Title Brokerage Loan Officer Mortgages 387

Bigger Pockets

JUNE 26, 2024

Learn how to deal with tenant complaints. Discover common issues, resolution strategies, and proactive measures for landlords to maintain good relationships.

Property Management 131

Property Management 131

Housing Wire

JUNE 26, 2024

Heather Lovier replaced Bill Emerson as chief operating officer of Rocket Companies following the appointment of the board of directors on June 20. Emerson will remain as Rocket’s president. An industry veteran, Lovier joined Rocket Mortgage , the company’s lending arm, in 2003. She has focused the past two decades on driving operational excellence and enhancing client experience, the company stated.

Lending 301

Lending Loans Technology Development 301

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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

Bigger Pockets

JUNE 26, 2024

The three R's don't have to be too expensive, but it's important to run these calculations before you start.

Renovation 124

Renovation 124

Housing Wire

JUNE 26, 2024

My wife and I have worked with the same real estate agent to buy and sell several homes, and we’ve referred her to help more than a dozen friends with their home transactions. This is a small example of a big truth about real estate: it’s a relationship business. In my career as an attorney, I’ve seen how legal disputes can sink relationships fast and forever.

Technology 301

Technology Agents Staging Brokerage 301

Bigger Pockets

JUNE 26, 2024

Home sales hit their lowest point in May since the early months of the pandemic. What comes next?

Sales 124

Sales 124

Inman

JUNE 26, 2024

The Instagram video shows agents with "NAR" along the back of swat team jackets bursting into a home before tackling, tasing and hogtying a Realtor who failed to remove an offer from the MLS.

MLS 123

MLS Marketing Agents Brokerage 123

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