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 454

Sales MLS Closing costs Equity 454

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 261

Sales 261

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

Keeping Current Matters

JUNE 26, 2024

Should you buy a home now or should you wait?

Marketing 292

Marketing 292

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

JUNE 26, 2024

The upfront cost of homeownership can be a difficult prospect even for households with higher income levels. A study released Wednesday by personal finance website BadCredit.org illustrates that, in some states, it’s next to impossible for minimum-wage workers. To calculate the amount of time it takes minimum-wage workers to save for a down payment, the company analyzed Zillow ‘s median values for single-family homes and condominiums from May 2023 through April 2024.

Finance 396

Finance As-is Marketing Mortgages 396

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.

Brokerage 159

Brokerage MLS 159

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 158

MLS Sales Equity Industrial 158

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 394

Mortgages Loans Equity Development 394

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 149

Mortgages Closing As-is Marketing 149

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 392

Land Sales Loans As-is 392

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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

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 148

MLS Brokerage 148

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 381

Technology Marketing Banks Mortgages 381

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 148

Brokerage Agents 148

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).

Finance 383

Finance Principal Commercial Equity 383

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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

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 152

Branding Lending Banks Brokerage 152

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 375

Marketing Inspection Development Land 375

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 139

Brokerage Agents 139

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 365

MLS Brokerage Industrial Development 365

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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

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

Technology 151

Technology 151

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 355

Sales Technology Branding Construction 355

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 156

Brokerage Agents 156

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 335

Finance Banks Mortgages Technology 335

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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 138

Technology Brokerage Agents Marketing 138

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.

Title 335

Title Brokerage Loan Officer Mortgages 335

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 121

MLS Marketing Agents Brokerage 121

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 266

Lending Loans Technology Development 266

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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.

Brokerage

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 130

Property Management 130

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 266

Technology Agents Staging Brokerage 266

Calculated Risk Real Estate

JUNE 26, 2024

The Census Bureau reports New Home Sales in May were at a seasonally adjusted annual rate (SAAR) of 619 thousand , however the three previous months were revised up sharply. Sales of new single‐family houses in May 2024 were at a seasonally adjusted annual rate of 619,000 , according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

Sales 119

Sales Construction Closing Development 119

RIS Media

JUNE 26, 2024

After going through the time and effort of getting an accepted offer for your seller’s home, the absolute last thing you want (or need) is a problem with the appraisal that follows. Assuming a mortgage will be taken by the buyer, lenders will want to ensure that the price they pay compares favorably with similar… The post 4 Things Seller Clients Should Do to Help Ensure a Positive Appraisal appeared first on RISMedia.

Mortgages 122

Mortgages Development Sales Industrial 122

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