Housing Wire
SEPTEMBER 30, 2024
Starter homes are more affordable to the average American than they were a year ago, but they have become significantly less affordable over the past decade. That’s the conclusion Redfin reached in a data report released Monday. The national real estate brokerage analyzed household income levels and monthly housing payments to calculate its affordability metric.
Real Estate News
SEPTEMBER 30, 2024
Home Price Index went up 4.1%, while starter homes are more affordable than they’ve been in four years — in part due to a shift in perspective.
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Housing Wire
SEPTEMBER 30, 2024
Slightly more than half of Americans say that weather events are becoming an increasing risk factor for their homes, while nearly one in five report difficulties in accessing homeowners insurance. This is according to results of a survey conducted by NeighborWorks America , a congressionally chartered community development organization. The heightened concern reflects “a growing recognition of climate change and its direct implications for housing security,” NeighborWorks said.
Real Estate News
SEPTEMBER 30, 2024
Plaintiffs in the Sitzer/Burnett commissions case are seeking preliminary approval for deals with 15 non-Realtor MLSs and 13 real estate brokerages.
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Housing Wire
SEPTEMBER 30, 2024
More than 16 million Americans who are 65 or older are living alone, but the depth of their experiences is largely unknown. This is according to a recent story published by KFF Health News. “This slice of the older population has significant health issues: Nearly 4 in 10 seniors living alone have vision or hearing loss, difficulty caring for themselves and living independently, problems with cognition, or other disabilities, according to a KFF analysis of 2022 census data,” the story explained.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
SEPTEMBER 30, 2024
In the newest episode of the Power House podcast, host Clayton Collins chats with Robert Pieklo, chief operating officer of American Financial Resources (AFR), and Adam Carmel , CEO of Polly. They discuss the latest developments in the mortgage market, along with key dynamics and growth strategies for lenders as interest rates continue to fall. The conversation also covers cost-to-completion metrics, new technology and tactics strategies for making customers happy in today’s market.
Inman
SEPTEMBER 30, 2024
University of Buffalo contracts law professor Tanya Monestier's sample form makes clear the buyer is on the hook for buyer broker compensation so long as they successfully close a deal.
Housing Wire
SEPTEMBER 30, 2024
Compass has announced yet another addition to its team in Texas. Adrian Jacobs, a luxury agent who has sold more than $29 million in volume over the past year, has rejoined Compass’s Dallas office from Douglas Elliman. Coming with him is Genna Skolnik, the leader of The Venture Group. She rejoined Compass last year from The Agency. “Understanding quality real estate opportunities requires both a broad marketplace context and a detailed understanding of asset types,” Jacobs said in a statement.
Inman
SEPTEMBER 30, 2024
Most real estate professionals say little has changed since new commission rules went into effect in August. But for a smaller group, the changes have unleashed a completely different experience.
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Housing Wire
SEPTEMBER 30, 2024
Howard Hanna Real Estate Services is jumping into the artificial intelligence (AI) technology game. On Monday, the family-owned firm announced the launch of HomeFinder AI through a partnership with technology firm ListAssist. HomeFinder AI users can type their exact search parameters into the platform — including phrases like a “modern kitchen with tons of natural light” or a “spacious backyard with a pool” — and they will be matched with properties.
Inman
SEPTEMBER 30, 2024
As 2025 approaches, Ophir Adar writes, many real estate agents are wondering how to thrive in a rapidly changing market. The key to success lies with your focus, mindset and ultimately, your results.
Housing Wire
SEPTEMBER 30, 2024
Mauricio’s Umansky’s The Agency is getting into the mortgage business. The brokerage has entered into a joint venture with Barrett Financial Group to offer what the companies believe will be a wide range of mortgage products and streamlined underwriting to The Agency’s luxury clients. Dubbed Aclara Lending, the joint venture will start in Southern California with plans to expand in the near future.
Inman
SEPTEMBER 30, 2024
In the first eight months of 2024, only 25 out of every 1,000 U.S. homes changed ownership, marking the lowest housing turnover rate since 1994, according to an analysis by Redfin released Monday.
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Housing Wire
SEPTEMBER 30, 2024
California-based loanDepot on Monday announced it has closed a $300 million offering of notes backed by a revolving warehouse line of credit and secured by mortgages. loanDepot said this is the 10th time it has closed a transaction of this kind. It follows other strategies to strengthen its financial position, including selling mortgage servicing rights (MSRs) and extending debt.
Inman
SEPTEMBER 30, 2024
When combined with a newly launched chatbot powered by Google Gemini, Figure says AI-powered doc review will save $8 million while raising customer satisfaction scores.
Housing Wire
SEPTEMBER 30, 2024
Two of the top five lenders in the reverse mortgage industry are now engaged in a legal skirmish over marketing practices that one lender calls deceptive. Longbridge Financial , a top five reverse mortgage lender and servicer based in New Jersey, is suing Mutual of Omaha Mortgage over a series of websites maintained by the latter. Longbridge alleges that these websites are both deceptive and in violation of the Real Estate Settlement Procedures Act (RESPA) as well as guidance from the Federal Tr
Real Estate News
SEPTEMBER 30, 2024
The nation’s largest independent brokerage has launched a new natural language search experience on its website, powered by ListAssist to rival portals.
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Housing Wire
SEPTEMBER 30, 2024
According to a recent report by Forbes, over half of all real estate investors are now turning to private lenders. With this comes a more crowded marketplace, which means that existing lenders need to consider ways to stand out from the crowd, to survive. The rise of private lending Private lenders disrupted the monopoly of traditional banks and the private lending market has since seen a remarkable rise, reaching $1.5 trillion in assets under management globally at the start of 2024.
Inman
SEPTEMBER 30, 2024
Ahead of Inman Connect Austin, Realtor.com Chief Economist Danielle Hale talks mortgage rates, affordability, and when agents and consumers might reach the light at the end of the tunnel.
Bigger Pockets
SEPTEMBER 30, 2024
Depending on the area of the country you’re investing in, property insurance costs can add many thousands to your annual costs—and in some areas of the country, these are rising rapidly.
Inman
SEPTEMBER 30, 2024
In the midst of the LGBTQ+ Alliance’s third annual in-person conference, incoming 2025 President Justin “JZ” Ziegler talked with Inman about the anti-LGBTQ+ political climate, the organization’s future and how to become an ally.
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Strategic real estate professionals know that the name of the game right now is to stay informed, adaptable, and ready to make confident decisions. In this free download, Inside Real Estate CEO, Joe Skousen, shares what he believes are the top 4 most impactful actions in real estate right now. We've been actively engaging with industry experts, analyzing data, and listening intently to the experiences of our agents on the ground.
RIS Media
SEPTEMBER 30, 2024
An idea to draw attention to a flashpoint issue in residential real estate while also potentially gaining new members for the American Real Estate Association (AREA, our acronym usage, not theirs) has worked out well, thanks to the group’s co-founder, Jason Haber. Haber, an agent with Compass in New York, who created the American Real… The post Petition to End Clear Cooperation a ‘Collective Effort’ Says NAR-Alternative Organization appeared first on RISMedia.
Inman
SEPTEMBER 30, 2024
Team lead Jen Berbas writes that taking into account the client perspective and experience at every stage of the transaction allows you to optimize their process and outcome.
RIS Media
SEPTEMBER 30, 2024
Cloze—a provider of AI-powered sales and marketing software for real estate brokerages—has announced the addition of proptech leader Simon Chen to its Board of Directors. In addition to his current role as CEO at Arrival Home Loans, Chen is a well-known industry executive with experience in the review and application of solutions that drive productivity… The post Cloze Names Real Estate Veteran Simon Chen to Board of Directors appeared first on RISMedia.
Inman
SEPTEMBER 30, 2024
The national brokerage is making its start in Southern California and has been created through a partnership with mortgage service provider Barrett Financial Group, The Agency has informed Inman.
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RIS Media
SEPTEMBER 30, 2024
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. The last week of September was far from the bumpiest the real estate industry has experienced in recent memory, with lawsuit updates coming in the form of existing suits winding down or ending.… The post Court Report: Settlements Discussed in Buyer Cases; United Mortgage Lawsuit Dismissed appeared first on RISMedia.
Inman
SEPTEMBER 30, 2024
The tool will let real estate consumers search using everyday language. It's also designed to provide better, more insightful leads to Howard Hanna.
RIS Media
SEPTEMBER 30, 2024
It’s strike four, over and out, for Rupert Murdoch’s REA Group, as its continuing, months-long effort to acquire Rightmove has come to an end. Its fourth offer of $8.3B was rejected by the UK portal’s board of directors Sept. 30, and Murdoch’s Sydney-based News Corp subsidiary said there will not be another offer. News Corp… The post Murdoch’s REA Group Gives Up After 4th Rejection Trying to Acquire UK Portal appeared first on RISMedia.
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