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.

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Sales MLS Closing costs Equity 455

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.

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Sales 270

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.

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Marketing Loan Officer Branding Loans 397

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

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.

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Technology Marketing Banks Mortgages 389

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.

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MLS Sales Equity Industrial 163

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 159

MLS Brokerage 159

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.

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Land Sales Loans As-is 395

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 159

Brokerage Agents 159

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 387

Mortgages Equity Loans Development 387

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Loans

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 158

Mortgages Closing As-is Marketing 158

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.

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Sales Technology Branding Construction 370

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.

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Brokerage Agents 157

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 369

Marketing Inspection Development Land 369

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Agents

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 158

Branding Lending Banks Brokerage 158

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 363

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.

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MLS Marketing Agents Brokerage 144

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.

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MLS Brokerage Industrial Development 363

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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

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 158

Technology Brokerage Agents Marketing 158

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 352

Finance Banks Mortgages Technology 352

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 154

Technology 154

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 349

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Agents

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 159

Brokerage Agents 159

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.

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Technology Agents Staging Brokerage 269

Keeping Current Matters

JUNE 26, 2024

Should you buy a home now or should you wait?

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Marketing 204

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.

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Lending Loans Technology Development 232

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

RIS Media

JUNE 26, 2024

The real estate world has undergone a significant transformation. The NAR settlement has disrupted the industry, forcing everyone to adapt. As the landscape shifts, REALTORS face new challenges such as: Eroding value: Increased transparency may lead clients to question their agents’ worth. Tighter margins: New rules might result in lower commissions.

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Agents Marketing Industrial 111

Brownstoner

JUNE 26, 2024

Designers are gathering inspiration as they prepare to transform a Greek Revival row house for the unveiling of the latest edition of the Brooklyn Heights Designer Showhouse this fall. Co-chaired by Ellen Hamilton and Erika Belsey Worth with honorary co-chair designer Leyden Lewis, the event, whose proceeds benefit the Brooklyn… Read More > The post Fourth Edition of the Brooklyn Heights Designer Showhouse to Open in September appeared first on Brownstoner.

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Design Renovation 98

RIS Media

JUNE 26, 2024

The real estate industry faces a triad of challenges in today’s marketplace: continued low inventory, delivering fewer sales, stubbornly elevated mortgage interest rates and the potential impact of the commission lawsuits that have already begun to reshape the landscape. As a result, leading industry experts predict tens, if not hundreds of thousands of agents will… The post How to Retain Your Best Agents in Times of Turmoil appeared first on RISMedia.

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Agents Industrial Mortgages Sales 111

HomeLight

JUNE 26, 2024

Are you a Huntsville homeowner who needs to make a quick sale? You might consider finding a cash buyer. In growing markets like Huntsville, real estate investors are increasingly eager to pay cash for properties, usually aiming to complete the transaction in a few days. The competitive housing market in Huntsville means that homes often sell fast. A cash buyer can save you time and reduce the stress of traditional home selling.

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Proof of funds Due diligence Sales Investor 98

Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.

Agents