Housing Wire

FEBRUARY 21, 2024

Earlier this month, real estate investment management firm Pretium Partners raised $1 billion to acquire build-to-rent homes, bringing its total investment in the sector to $2.5 billion. The investment was needed to chip away at a pronounced national housing shortage caused by “decades of under-building and under-investment,” according to Josh Pristaw, Pretium’s head of real estate.

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Investor Construction Commercial Sales 492

Keeping Current Matters

FEBRUARY 21, 2024

There’s a lot of confusion in the market about what’s happening with day-to-day movement in mortgage rates right now.

Mortgages 342

Mortgages Marketing 342

Housing Wire

FEBRUARY 21, 2024

Keller Williams Realty has partnered exclusively with the online learning platform Coursera to offer a comprehensive introduction to the business of real estate. Dubbed the KW Real Estate Agent Professional certificate, the program will give participants a head start in the real estate industry. “Our goal is to ensure that we’re getting the opportunity of starting a career in real estate in front of people who are actively looking for their next opportunity but may not be sure which path to take

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Design Agents Industrial Sales 469

Real Estate News

FEBRUARY 21, 2024

A new NAR report finds that homeownership has increased over the past decade, but Asian, Hispanic, and especially Black Americans face more hurdles.

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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

FEBRUARY 21, 2024

First Home Mortgage Corp. bolstered its presence in the Washington, D.C. , region with the opening of a new branch in Bethesda, Maryland , the company announced on Tuesday. In that context, First Home appointed Chris Channell, a 2022 HousingWire Rising Star , to the position of vice president of business development at the Bethesda location. Previously, Channel worked at Draper and Kramer Mortgage Corp. for more than five years, serving in various executive roles.

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Mortgages Development Sales Lending 461

Real Estate News

FEBRUARY 21, 2024

ARMLS and Metro MLS respond to “monopoly” claims, contending that its showing management platform leads to increased competition, not less.

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MLS 268

Real Estate News

FEBRUARY 21, 2024

Celebrating excellence should be about, well, actual excellence — not the size of someone’s wallet.

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Industrial 293

Housing Wire

FEBRUARY 21, 2024

Mortgage demand continued its downward trajectory last week as interest rates moved back above 7%. Mortgage applications decreased by 10.6% on a seasonally adjusted basis during the week ending Feb. 16, according to the Mortgage Bankers Association ’s (MBA) weekly mortgage applications survey. A stronger-than-expected inflation reading sent mortgage rates back north of 7% and also lowered the possibility of a near-term rate cut by the Federal Reserve, according to Mike Fratantoni, MBA’s senior v

Mortgages 469

Mortgages Fixed-rate mortgage Loans Residential 469

Inman

FEBRUARY 21, 2024

There are no funds under NAR's policy available to pay for the cost of defending the Realtor associations nor their multiple listing services which have been sued, according to the trade group.

MLS 189

MLS 189

Housing Wire

FEBRUARY 21, 2024

With market uncertainty, real estate agents had been sticking with their current brokerage., but that’s all starting to change. While inventory is still low, professionals are seeing light at the end of the tunnel. According to Relitix’s Agent Movement Index continues to rise on a seasonally adjusted basis as agents begin switching brokerages at a faster rate than 2023.

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Brokerage Agents MLS As-is 475

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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

FEBRUARY 21, 2024

If you're rethinking your buyer consultation process and implementing a buyer representation agreement, team leader Carl Medford shares what you need to know to explain the change to your clients.

Brokerage 182

Brokerage Agents Marketing 182

Housing Wire

FEBRUARY 21, 2024

The National Association of Realtors (NAR) announced on Wednesday the addition of a home repair estimate app to its package of NAR Realtor Benefits for members. Curbio , a provider of pre-sale home improvement services that requires payment at closing, will provide its “Build Your Own Estimate” mobile app to NAR members, which offers free repair estimates for home inspections upon the upload of a PDF document.

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Inspection Investor Closing Agents 436

Inman

FEBRUARY 21, 2024

The court dismissed a federal antitrust claim in the case known as Batton 1, but allowed state-law claims to proceed, partially due to the argument that commissions are baked into home prices.

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MLS Brokerage Agents 181

Housing Wire

FEBRUARY 21, 2024

The Broker Action Coalition (BAC) — a grassroots network operated by the Association of Independent Mortgage Experts (AIME) that initiates communications between mortgage brokers and their legislators — formed its first board of directors and leadership council as it kickstarts its work as an independent nonprofit organization. The newly formed board has 10 voting member seats consisting of four lenders, four brokers, BAC chief advocacy officer and co-founder Brendan McKay , and CEO and co-found

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Lending Finance Loans Mortgages 436

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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

FEBRUARY 21, 2024

Applications for purchase loans plummeted by a seasonally adjusted 10 percent last week, according to a survey of lenders by the Mortgage Bankers Association.

Mortgages 189

Mortgages Loans Sales Marketing 189

Housing Wire

FEBRUARY 21, 2024

The U.S. Department of Housing and Urban Development (HUD) on Wednesday issued a mortgagee letter that implements the Federal Housing Administration ’s (FHA) payment supplement partial claim. The new loss-mitigation alternative resulted from the FHA’s acknowledgment that its toolkit wasn’t enough to support struggling borrowers as mortgage rates surged.

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Principal Loans Mortgages Renovation 458

Inman

FEBRUARY 21, 2024

Texas-based franchisor Keller Williams has launched a new certification course with Coursera, the U.S.'s biggest open online course provider. The KW Real Estate Agent Professional Certificate course prepares users to build or improve their real estate skills in two to four months, based on how fast they complete the 124-hour curriculum.

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Agents Technology Brokerage 177

Housing Wire

FEBRUARY 21, 2024

Artificial intelligence (AI) startup Brand Engagement Network (BEN) onboarded industry veteran Chris Heller as an adviser to its board of directors. Heller’s addition to the board comes at a time when BEN prepares to go public through a merger with DHC Acquisition Corp. — a special purpose acquisition company (SPAC) focused on technology — in a deal that values the combined company at $358 million.

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Technology Development Branding Industrial 448

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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

FEBRUARY 21, 2024

More than 1 in 4 agents say their brokerage has changed its policy on buyer agency agreements, and fallout from commission suits has already taken a toll, according to Inman Intel Index results.

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Brokerage Agents 174

Housing Wire

FEBRUARY 21, 2024

Longtime reverse mortgage industry professional Tane Cabe has joined C2 Financial ’s reverse mortgage division as a “retirement mortgage expert,” according to an announcement issued by the company this week. Cabe, who most recently served as president of reverse mortgage lending at Fairway Independent Mortgage Corp. , helped grow that company’s division after a series of changes and a reorganization of its leadership structure in 2023.

Mortgages 436

Mortgages Loan Officer Lending Loans 436

Inman

FEBRUARY 21, 2024

How long have you been an agent? Follow these simple steps on listing appointments to answer the question and turn seller leads into signed listings, writes author and trainer Bernice Ross.

Agents 169

Agents Marketing 169

Housing Wire

FEBRUARY 21, 2024

Mortgage startup Tomo has thrust itself into the “portal wars” arena with the launch of Tomo Real Estate , its new home search site, the company announced this week. “We’re not just another listing portal,” Carey Armstrong, Tomo co-founder and COO, said in a statement. “Tomo Real Estate is here to give home buyers a distinctive advantage with real, actionable insights — not overwhelming them with a buffet of information and ads to decipher alone.

Mortgages 454

Mortgages Equity As-is Marketing 454

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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

FEBRUARY 21, 2024

The FBI has developed a decryption tool to combat the ALPHV/Blackcat ransomware variant, and authorities are offering $15 million in rewards to stop the group.

Development 175

Development Technology Mortgages 175

Housing Wire

FEBRUARY 21, 2024

Earlier this month, the U.S. Attorney’s Office for the Southern District of New York (SDNY) announced that it had made a series of 70 charges against current and former officials from the New York City Housing Authority (NYCHA), alleging bribes and kickbacks and charging them with bribery and extortion. The investigation involved more than a year of collaboration between the office of SDNY attorney Damian Williams, the U.S.

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Design Development As-is 446

Inman

FEBRUARY 21, 2024

Arizona Regional MLS (ARMLS) and MLS Inc. filed a motion to dismiss Zillow's antitrust lawsuit against them.

MLS 188

MLS 188

Housing Wire

FEBRUARY 21, 2024

Texas Capital Bank (TCB), a warehouse lender that is suing Ginnie Mae over loans made by TCB to now-bankrupt lender Reverse Mortgage Funding (RMF), has objected to a motion by U.S. Department of Justice (DOJ) attorneys seeking to stop the evidence gathering process, saying its requests are reasonable. Late last month, DOJ attorneys initially filed the motion , contending that TCB’s discovery targets are overly broad and would also be burdensome in terms of gathering documents and information.

Banks 433

Banks Staging Loans Mortgages 433

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Brokerage

Inman

FEBRUARY 21, 2024

MoxiCloud was formed to officially recommend unique technologies that can better a user’s use of the many business solutions MoxiWorks offers.

Technology 180

Technology Brokerage 180

Housing Wire

FEBRUARY 21, 2024

North Carolina-based mortgage lender Premier Lending Inc. has adopted the FICO Score 10 T credit-scoring model for its nonconforming loan originations and whole loan acquisitions. Premier Lending is adopting FICO’s updated credit-scoring model “to continue to drive the company’s innovation strategy forward and help make more homeownership dreams a reality,” the company stated in a release.

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Lending Mortgages Loans Banks 431

Inman

FEBRUARY 21, 2024

Are you ready to take your real estate entrepreneurship to the next level? Join us for an engaging webinar where we delve into the crucial aspect of professionalism and its impact on your success in the real estate industry.

Industrial 161

Industrial 161

Housing Wire

FEBRUARY 21, 2024

Zonda , one of the leading data providers in the homebuilding industry, has acquired Builders Digital Experience (BDX), the company announced on Wednesday. By extension, Zonda also acquired NewHomeSource.com , one of the largest listings platforms for newly constructed homes, and Envision , a new home design platform. Founded in 2000, BDX is owned by a group of 24 leading U.S. homebuilders , including Lennar , PulteGroup , KB Home and Beazer Homes , and it boasts more than 1,200 active builders

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New Construction Construction Industrial Design 437

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