Housing Wire

FEBRUARY 20, 2025

While the share of first-time homebuyers has declined across the country, Black homebuyers are bucking the trend and showing resilience in an increasingly difficult housing market. A recent Zillow survey found that 62% of all Black homebuyers in 2024 were first-timers, the same level as the previous year. In contrast, first-time buyers accounted for only 44% of the market, down from 50% in 2023.

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Lending Marketing Closing As-is 364

Inman

FEBRUARY 20, 2025

Despite a nationwide dip in first-time homeownership, Black buyers have bucked the trend in 2024, leading the market with 62 percent purchasing their first home, according to new data released by Zillow Thursday.This continues a growing trend, with Black first-time buyers making up 55 percent of the market in 2022 and 63 percent in 2023.

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Marketing Lending 142

Housing Wire

FEBRUARY 20, 2025

While Robert Reffkin and Compass are touting their success while pushing for the repeal of the National Association of Realtors ‘ (NAR) Clear Cooperation Policy, eXp Realty executives are claiming that the North American MLS system is helping to fuel their companys strong international growth. I was in Egypt last week with the team, and one of the most interesting things I noticed was the launch of Egypt MLS, which is being launched in conjunction with the government, Glenn Sanford , the C

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MLS Agents Technology Brokerage 352

Inman

FEBRUARY 20, 2025

The virtual brokerage ended 2024 with 82,980 agents a 5 percent drop compared to the previous year, according to Q4 earnings data. EXp also posted $1.1 billion in revenue in the final three months of last year.

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Agents Brokerage Residential Technology 151

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Housing Wire

FEBRUARY 20, 2025

Knock, Knock. Who’s there? Your sign-in sheet. Your sign-in sheet who? The sign-in sheet that got lost on your desk. You should have downloaded one of those open house apps HousingWire was telling you about. Picture this: You sit down at your desk, free of clutter no papers, just your laptop and phone. You log in to check your email, and responses from potential buyers at yesterdays open house are already waiting.

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Housing Wire

FEBRUARY 20, 2025

Digital homeownership company Better.com on Thursday announced a record 400% growth in its home equity line of credit ( HELOC ) and home equity loan businesses. In a press release, the company announced that its HELOC business channel increased its revenue from $15 million per month in January 2024 to $60 million per month by October 2024. “If you look at any of the industry’s measures of origination growth, particularly with respect to HELOC, I think we’re growing faster than

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Equity Investor Lending Renovation 332

Inman

FEBRUARY 20, 2025

CoStar is eying Australian real estate classifieds firm Domain for a rumored $2.7 billion. The purchase would put it toe-to-toe with News Corp, which owns REA Group, Australias largest classifieds firm.

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Residential Marketing 128

Housing Wire

FEBRUARY 20, 2025

Some real estate brokers have found their path blocked as they try to navigate the membership agreements mandated by NAR and their local Realtor associations to gain access to MLS listings. (Image generated by AI in Midjourney) Luz de Amor Eytalis said she filed her antitrust suit against the National Association of Realtors (NAR), Texas Association of Realtors (TAR) and Wichita Falls Association of Realtors (WFAR) because she felt like she didnt have much of a choice.

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MLS Purchase and sale agreement Agents As-is 300

Real Estate News

FEBRUARY 20, 2025

The Arizona association had been facing the loss of its charter after offering a discounted, non-Realtor membership option that included MLS access.

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MLS 284

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.

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Housing Wire

FEBRUARY 20, 2025

Compass has added to its roster in the nations capital. The brokerage has acquired Washington Fine Properties (WFP), a luxury real estate brokerage located in the Washington, D.C., metropolitan area. WFP has 150 agents and has executed $43 billion in sales volume over the past 25 years. The acquisition gives Compass a firm footprint of high-end homes in an area with an expensive housing market.

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Real Estate News

FEBRUARY 20, 2025

In several metros in the Midwest and South, Gen Z accounted for a fifth of the mortgage applicants. Home prices in those markets were typically below $300K.

Mortgages 272

Mortgages Marketing 272

Housing Wire

FEBRUARY 20, 2025

Chase Home Lending recently announced a limited-time, nationwide interest rate discount that is designed to help homeowners save on their monthly mortgage payments.The offer is in effect through March 7. The limited-time refinance rate discount applies to customers looking to refinance into a lower interest rate or reduce their monthly payment, as well as those looking to tap into their home equity through a cash-out refinance, said Nina Gidwaney, Chase ‘s head of refinance and home equity

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Lending Equity Mortgages Design 351

Real Estate News

FEBRUARY 20, 2025

Rates have dipped slightly, but demand is weak. Agents hope rising inventory and increased bargaining power will prompt more buyers to move forward this spring.

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Mortgages Agents 263

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Housing Wire

FEBRUARY 20, 2025

The Phoenix Association of Realtors (PAR) has blinked first in its game of chicken with the National Association of Realtors (NAR). The groups announced Thursday that theyve come to an agreement that will pare down PARs membership option to agents who are not Realtors, bringing PAR into compliance with NARs bylaws. The deal eliminates PARs MLS Choice membership option that allowed agents to become members of PAR without becoming members of the Arizona Association of Realtors or NAR while also ha

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MLS Branding Agents Industrial 273

Real Estate News

FEBRUARY 20, 2025

Co-founder James Dwiggins and Keith Robinson are now co-CEOs as the Unfiltered podcast duo embraces a move designed to ramp up our already winning strategy.

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Design 261

Housing Wire

FEBRUARY 20, 2025

The latest data through January 2025 shows that while agent movement in January rose from Decembers lows following a typical seasonal pattern the rebound is notably weaker than in most prior years. The seasonally adjusted data continues to drift lower, indicating that the underlying pace of brokerage switching remains subdued. Meanwhile, the count of active agents continues a modest decline but has not yet reached levels seen back in 2018.

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Agents Brokerage Technology As-is 221

Keeping Current Matters

FEBRUARY 20, 2025

For the past few years, it’s been mostly a seller’s market. But dynamics are shifting as the number of homes for sale grows.

Seller concession 258

Seller concession Sales Marketing 258

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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

Housing Wire

FEBRUARY 20, 2025

While affordability challenges persist, Gen Z is proving resilient, carving out traditional and non-traditional paths to homeownership particularly in the Midwest. New data from LendingTree and CoreLogic highlights the struggles and successes of young buyers in todays real estate landscape. Young buyers still face an uphill battle According to a LendingTree analysis of anonymized credit reports, only 3.1 % of Americans under 30 currently hold a mortgage in the nations 50 largest metro areas.

Land 381

Land Mortgages Loans Residential 381

Inman

FEBRUARY 20, 2025

Washington Fine Properties operates in Washington, D.C., Maryland and Virginia and has about 150 agents. The company's leadership team will remain in place after joining Compass.

Brokerage 107

Brokerage Agents Industrial Marketing 107

Housing Wire

FEBRUARY 20, 2025

Mortgage applications for newly built homes decreased 6% year over year in January 2025, according to a report released Thursday by the Mortgage Bankers Association (MBA). But application volume increased by 19% from December 2024. MBA’s Builder Application Survey (BAS) explores mortgage application data on a monthly basis across mortgage subsidiaries of homebuilders.

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FHA loan Mortgages VA loan Loans 372

RIS Media

FEBRUARY 20, 2025

The National Association of REALTORS (NAR) today announced it reached a resolution with Phoenix REALTORS that brings the local association back into compliance with NARs Constitution and Bylaws, allowing the local association to retain its charter. The two groups had been embroiled in a nasty dispute starting late last year regarding whether Phoenix REALTORS members… The post BREAKING: NAR, Phoenix REALTORS Reach Agreement to Bring Association Into Compliance appeared first on RISMedia.

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Agents

Housing Wire

FEBRUARY 20, 2025

The National Reverse Mortgage Lenders Association (NRMLA) board of directors is poised to grow by one member. Richard Thorpe, the divisional vice president of CrossCountry Mortgage (CCM)s reverse mortgage division, was announced Thursday as NRMLA’s newest board member. The move underscores CCMs commitment to advancing its reverse mortgage business and leadership within the industry, the company said.

Mortgages 359

Mortgages Lending Equity Loans 359

Eye on Housing

FEBRUARY 20, 2025

Single-family built-for-rent construction posted year-over-year declines for the fourth quarter of 2024, as a higher cost of financing crowded out development activity. This slowdown is similar to the deceleration of multifamily construction in recent quarters. According to NAHBs analysis of data from the Census BureausQuarterly Starts and Completions by Purpose and Design, there were approximately.

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Construction Finance Development Design 105

Housing Wire

FEBRUARY 20, 2025

The Housing Authority of the City of Milwaukee (HACM), an independent agency in Wisconsin s largest city that was already embattled following the discovery of millions of dollars in misappropriated federal funds, is facing further financial scrutiny this week after the citys comptroller said it is owed more than $5 million in reimbursements to a city department.

Development 334

Development Design As-is Marketing 334

RIS Media

FEBRUARY 20, 2025

Above: Gary Keller, Jay Papasan and Jason Abrams on stage for Keller Williams’ Family Reunion event in Las Vegas on Tuesday, Feb. 18 (photo courtesy of Keller Williams) Housing industry leaders at Keller Williams project U.S. home sales will remain at historically low levels this year, though prices will stabilize despite affordability challenges.

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