Housing Wire

JULY 2, 2024

Mortgage rates rose slightly over the past week, with the U.S. economy continuing to show strength even as home sales remain tepid. According to HousingWire ‘s Mortgage Rates Center , the average 30-year rate for conforming loans stood at 7.11% on Tuesday, up slightly from 7.08% one week ago. Meanwhile, the 15-year conforming rate continued its steep rise and reached 6.99% on Tuesday after having reached a recent low point of 6.56% on June 21.

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Mortgages Loans Investor Sales 448

Keeping Current Matters

JULY 2, 2024

With all the headlines circulating about home prices and mortgage rates, you may be asking yourself if it still makes sense to buy a home right now, or if it’s better to keep renting.

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Title Mortgages 345

Housing Wire

JULY 2, 2024

Limited inventory and high mortgage rates continue to push home prices higher, but the pace of growth is starting to slow down. That’s according to the monthly home price index report from CoreLogic, which shows that U.S. home prices grew by 4.9% year over year in May. That was the lowest yearly rate of appreciation since October 2023. The index was up 0.6% percentage points compared to April.

Mortgages 434

Mortgages As-is Marketing 434

Real Estate News

JULY 2, 2024

After unveiling a scathing critique of the association’s buyer agreement last week, the CFA is back with a new report focused on C.A.R.’s listing contract.

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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

JULY 2, 2024

While many had hoped the Department of Justice’s interest in the real estate industry would wane with the business practice changes outlined in the National Association of Realtors’ commission lawsuit settlement agreement , that is clearly not the case. In a message on Realtor Hub , a forum for NAR members, trade group president Kevin Sears told members that the DOJ is keeping “a close eye” on the industry, as first reported by Inman News.

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MLS Industrial Brokerage Design 459

Real Estate News

JULY 2, 2024

A proposed mixed-use apartment community anchored by a Costco warehouse store could signal a new approach to affordable housing.

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Inman

JULY 2, 2024

Join our July 10 webinar to get the inside scoop on all things Inman Connect Las Vegas and Luxury Connect happening July 29 - Aug. 1 at the Aria Resort in Las Vegas.

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Agents Marketing 193

Housing Wire

JULY 2, 2024

Patrice Ficklin, who has served at the Consumer Financial Protection Bureau (CFPB) since the agency’s founding in 2011, will depart for Fannie Mae to serve as the government-sponsored enterprise’s fair lending officer. The news was first reported by American Banker. Ficklin has been a mainstay at the CFPB, overseeing the launch of the bureau’s fair lending office and leading it through more than 13 years’ worth of full-time directors and presidential administrations from both sides of political

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Lending Banks Finance Mortgages 429

Inman

JULY 2, 2024

In a statement sent to NAR members, Kevin Sears confirmed executives of the trade organization met with Assistant Attorney General Jonathan Kanter last week to discuss settlement updates.

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Closing Brokerage Agents 185

Housing Wire

JULY 2, 2024

Keller Williams made changes to its executive team on Monday, appointing Cody Gibson as its new vice president of KW MAPS Coaching and Rachel Elder as the new vice president of KW Cares , the brokerage firm’s 501(c)(3) charity that supports KW associates and their families. Gibson has more than 20 years of experience as a real estate business leader and trainer and he serves as operating principal across six KW market centers.

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Commercial Principal Brokerage Agents 429

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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

JULY 2, 2024

The deal will allow Matterport tours to accompany listing pages, with the dimensions and square footage of each property autofilled in a bid to reduce the risk of faulty data entry, executives say.

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MLS Technology 184

Housing Wire

JULY 2, 2024

The Consumer Financial Protection Bureau (CFPB) last month issued an enforcement order against former Home Equity Conversion Mortgage (HECM) servicing contractor NOVAD Management Consulting and subcontractor Sutherland Global for what the bureau called “illegal activities that harmed older homeowners and caused them to fear losing their homes.” An attorney said the decision could have broad implications for mortgage servicing.

Mortgages 426

Mortgages Loans Equity As-is 426

Inman

JULY 2, 2024

Is it time to abandon ship or time to double-down on what's great about MLSs? MLS tech expert Bill Fowler writes that the answer lies in your vision and ability to act proactively and decisively.

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MLS Development Brokerage Agents 179

Housing Wire

JULY 2, 2024

Editor in Chief Sarah Wheeler sat down with Consumer Financial Protection Bureau Director Rohit Chopra for a podcast this week and the talk turned to technology and tech companies. This interview has been edited for length and clarity. Listen to the whole episode here. Sarah Wheeler: Let’s talk about technology’s role in making these things easier for even smaller lenders.

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Mortgages Technology Banks Industrial 425

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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

JULY 2, 2024

Buyers and sellers need their own agents as buffers to work through the challenges that every transaction presents, bi-coastal luxury agent Cara Ameer writes.

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Agents Brokerage 183

Housing Wire

JULY 2, 2024

The plaintiffs in the Burton copycat commission lawsuit in South Carolina have filed an appeal that asks the Eighth Circuit Court of Appeals to examine Judge Stephen Bough’s final approval of the Anywhere , RE/MAX and Keller Williams commission lawsuit settlement agreements. The appeal was filed on Monday by attorneys at Knie & Shealy on behalf of Benny D.

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Brokerage 420

Inman

JULY 2, 2024

The second report by the Consumer Federation of America to focus on the California Association of Realtors in as many weeks examines the association's 7,000-word homeseller listing agreement.

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Brokerage Agents 173

Housing Wire

JULY 2, 2024

After the reverse mortgage industry’s key performance metrics rallied in May, June fared slightly worse than previously telegraphed by case number assignments. Home Equity Conversion Mortgage (HECM) endorsements fell by 14.4% in June to 2,105, while HECM case numbers for May dropped 7.9% to 3,214. This is according to data compiled by Reverse Market Insight (RMI).

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Mortgages Equity Loans Loan Officer 412

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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

JULY 2, 2024

“Owning Manhattan,” focused on Ryan Serhant’s eponymous NYC brokerage, premiered on Netflix Friday. Get to know the big personalities that make up the cast.

Agents 180

Agents Brokerage Marketing 180

Housing Wire

JULY 2, 2024

Douglas Elliman has secured a $50 million growth investment from Kennedy Lewis Investment Management , according to an announcement on Tuesday. Kennedy Lewis is a credit-focused alternative asset management firm. According to the release, this investment strengthens Douglas Elliman’s balance sheet and it will fuel its strategic growth and expansion.

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Residential Brokerage Land Branding 411

Inman

JULY 2, 2024

The old adage says, “You can’t pour from an empty cup.” This rings especially true in today’s fast-paced and ever-evolving real estate industry. Amid the hustle of day-to-day operations and a year filled with unprecedented changes, it’s crucial to take a step back, recharge, and equip yourself with new tools and strategies. Here's how.

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Marketing Industrial 165

Housing Wire

JULY 2, 2024

A new report by IDIQ® , a financial intelligence company, details top consumer credit concerns provided by mortgage , real estate, and lending professionals as well as borrowers themselves. The research included surveys of more than 100 mortgage and real estate professionals, more than 200 prospective borrowers, and a study of proprietary data of more than 20,000 IDIQ consumers with credit scores less than 700.

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Mortgages Lending Title Finance 407

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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

JULY 2, 2024

With the investment, Kennedy Lewis co-founder and Co-Managing Partner David Chene will join Douglas Elliman's board. Douglas Elliman also released preliminary Q2 2024 financial results.

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Brokerage 163

Housing Wire

JULY 2, 2024

The Arizona Regional Multiple Listing Service (ARMLS) announced a partnership with Lone Wolf Technologies that will give ARMLS subscribers access to a tool designed to give agents information to guide their clients through an uncertain market. The tool — Cloud CMA —provides real-time reports, presentation tools, and other offerings that both companies believe will help agents show their clients that they possess the knowledge to guide them through buying and selling homes. “In any market,

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MLS Technology Branding Brokerage 390

Inman

JULY 2, 2024

The Founders Fund partner and builder of space factories thinks in "big ideas," emulating his fund's mission to back non-traditional entreprenuers and those willing to create meaningful change. He'll share how real estate should more aggressively approach its new world at Inman Connect.

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Industrial Marketing 164

Housing Wire

JULY 2, 2024

The Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) this week released updated loan-level data collected through the National Survey of Mortgage Originations (NSMO), according to a joint announcement. The data provides “updated mortgage performance and credit information for a nationally representative sample of mortgage borrowers from 2013 to 2021,” the agencies explained.

Mortgages 383

Mortgages Finance Lending Loans 383

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Brokerage

Inman

JULY 2, 2024

Fair housing advocate Dr. Lee Davenport shares 10 questions to ask before adopting an AI-based chatbot or consumer-facing platform for your real estate business.

Technology 169

Technology Brokerage Agents Marketing 169

Housing Wire

JULY 2, 2024

Over 20 years ago, the federal government established June as National Homeownership Month to celebrate the value of homeownership and its benefits, including enabling generational wealth and creating strong communities. However, in today’s tumultuous housing landscape , homeownership feels out of reach for many Americans — we need to make changes. The modern housing market presents challenges for homeowners, renters and prospective buyers alike, creating barriers to the benefits of homeownershi

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Commercial Residential Development Design 355

Inman

JULY 2, 2024

The MLS is separating from ties with Realtor organizations by selling to a newly formed private company. Broker Larry D. McGee will serve as interim CEO.

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MLS As-is Sales Brokerage 171

RIS Media

JULY 2, 2024

Buying an as-is property can be a risky but rewarding investment. You must inspect thoroughly and prepare to make informed decisions. I will provide an education on the following: Key areas to inspect in an as-is home. Specific advice on conducting and preparing for inspections. Typical problems, potential costs, and buyer rights regarding as-is purchases.… The post Home Inspection Tips for As-Is Properties appeared first on RISMedia.

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Inspection As-is Industrial Agents 136

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