Housing Wire

DECEMBER 15, 2023

As the saying goes, everything is bigger in Texas. A copycat commission lawsuit filed on Thursday by home sellers in the United States District Court for the Eastern District of Texas, accuses 47 real estate industry defendants of allegedly conspiring to artificially inflate real estate agent commissions. This is the second commission lawsuit filed in the Lone Star State since a Missouri jury found the real estate industry liable for colluding to inflate agent commissions in late October.

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MLS Industrial Agents Brokerage 473

Real Estate News

DECEMBER 15, 2023

Five women told the Times that it took a lawsuit to get action on predatory behavior. A second lawsuit has been filed. eXp says it let “bad actors” go.

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Housing Wire

DECEMBER 15, 2023

After two straight years of double-digit declines, home sales will pick up in 2024 thanks to lower mortgage rates. This is according to NAR Chief Economist Lawrence Yun, who shared a presentation of his 2024 forecast on Tuesday. While the past two years have been challenging to say the least for prospective homebuyers , homeowners have been reaping the fruits of their investments, as home prices steadily appreciated for the past three years.

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Mortgages Sales As-is Marketing 473

Real Estate News

DECEMBER 15, 2023

The brokerage, which has been the target of multiple lawsuits and investigations alleging predatory practices, filed for bankruptcy in September.

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Bankruptcy Brokerage 245

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Agents

Housing Wire

DECEMBER 15, 2023

Mr. Cooper Group’s examination of the cyberattack it suffered in late October concluded that the personal information of current and former customers was compromised. The data breach led the company to estimate an additional vendor cost related to the incident in the fourth quarter to include offering identity protection services for two years.

Technology 430

Technology Investor Loans Mortgages 430

Real Estate News

DECEMBER 15, 2023

This is the second lawsuit challenging buyer agent compensation to be filed in the state in just over a month and includes many of the same players.

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Agents 231

Real Estate News

DECEMBER 15, 2023

Hacks wreaked havoc in the second half of the year. But the industry pulled together, proving that professionalism and relationships are what drive real estate.

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Industrial 216

Housing Wire

DECEMBER 15, 2023

E-signature company DocuSign is exploring a potential leveraged buyout with the help of advisers, people familiar with the matter told The Wall Street Journal on Friday. However, there is no certainty that a deal will be reached. As of Friday, DocuSign’s market capitalization was $11.5 billion. Potential suitors could include private equity firms and technology companies, according to the Journal.

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Equity Technology Sales As-is 402

Real Estate News

DECEMBER 15, 2023

Wu previously stepped down from the CEO role last year and said he is now "called to get back to my startup roots.

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Housing Wire

DECEMBER 15, 2023

South Carolina-based retail lender Movement Mortgage filed a lawsuit this week against Todd Scrima, founder and president at its competitor Summit Funding , accusing him of gaining illegal access to Movement’s confidential financial files and also scheming to divert Movement’s customers toward Summit. It’s the latest salvo in a legal battle that started after the three of Movement’s veteran sales executives — Deran Pennington, Matt Schoolfield and Chris Shelton — left

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Loan Officer Loans Sales Mortgages 401

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Loans

Inman

DECEMBER 15, 2023

The suit accuses now-former eXp agents of sexually assaulting a woman and claims eXp failed to stop the "abhorrent behavior." It follows a similar case that began in February.

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Agents Brokerage 188

Housing Wire

DECEMBER 15, 2023

Dallas, Texas – HousingWire, the leader in mortgage and real estate news and information, proudly announces the ascension of its flagship podcast, HousingWire Daily , to the No. 2 position among business news podcasts in the United States. Renowned host Sarah Wheeler , accompanied by regular guests Logan Mohtashami and James Kleimann , has transformed the podcast into an indispensable resource for professionals, attracting an audience that exceeds 110,000 monthly listeners.

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Branding Industrial Mortgages Marketing 393

Inman

DECEMBER 15, 2023

The owner of the real estate investment firm Cardone Capital said in a recent television interview he predicts a massive price correction in the months ahead.

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Housing Wire

DECEMBER 15, 2023

Real estate tech firm Prevu announced a Series A financing round Thursday of $6 million. Citi , RiverPark Ventures , Metropolis Ventures , Simplex Ventures , Winklevoss Capital and Liebenthal Ventures invested in the round. Launched in New York City in 2017, Prevu offers buyers up to 2% cash back of the purchase price thanks to its commission rebate.

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Finance Technology Investor Mortgages 375

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Sales

Inman

DECEMBER 15, 2023

Despite unprecedented challenges, and the predictions of naysayers, the residential real estate market showed surprising strength in 2023, according to industry analyst Michael Gifford.

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Marketing Residential Industrial Brokerage 175

Housing Wire

DECEMBER 15, 2023

Mortgage lenders loanDepot and Cardinal Financial are the targets of class-action-seeking lawsuits alleging deceptive practices, negligent misrepresentation and gross negligence against Texas homeowners. In a pair of lawsuits filed in a state court in Dallas County, each targeting one of the lenders, homeowners allege that the companies’ employees induced them into entering refinancing agreements and skipping the first one or two payments on their new loan. “In doing so, you failed t

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VA loan Loans Mortgages Industrial 308

Inman

DECEMBER 15, 2023

As we all gear up to welcome 2024, Inman Connect New York is excited to offer you the opportunity to gain new insights, build new connections, and learn new skills that will help you set a new vision and plan for the year ahead.

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As-is Brokerage Industrial Agents 175

Brownstoner

DECEMBER 15, 2023

Locals fighting a rezoning plan to put up two 13-story residential buildings on Windsor Terrace’s Arrow Linen site aren’t against housing, members of the group told a community meeting on Wednesday night. They said they would be happy to see the site return to residential provided the new development fits… Read More > The post ‘Housing Not High Rises:’ Group Opposing 13-Story Arrow Linen Project Says Local Context Missing appeared first on Brownstoner.

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Residential Development 131

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

Inman

DECEMBER 15, 2023

NAR President Tracy Kasper appeared on CNBC's "The Exchange" on Thursday to talk about mortgage rates, affordability and the potential harm of changing the current commission structure.

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Mortgages MLS Marketing 169

RIS Media

DECEMBER 15, 2023

White Christmas is not just the name of the famous Bing Crosby movie from 1954, it’s also an event a lot of Americans dream of having. Unfortunately, not all of the U.S. sees snow, so homebuyers dreaming of a snowy Christmas flock to specific states to see their dreams realized. But, what states are those,… The post How Much Does a White Christmas Cost?

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Industrial 122

Inman

DECEMBER 15, 2023

Loan servicing giant Mr. Cooper, which is facing multiple lawsuits over a recent cybersecurity breach, will provide two years of identity protection services and credit monitoring to all current and former customers.

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Loans Technology Mortgages 167

RIS Media

DECEMBER 15, 2023

Above, Soli Cayetano Real estate investing is often perceived as a path to financial success that requires years of experience and significant capital. However, the reality is that it’s never too early to start your journey. Soli Cayetano was only a senior in college when she discovered her passion for real estate investing, and has… The post Building Wealth Through Real Estate Investing appeared first on RISMedia.

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As-is Investor Industrial Agents 120

Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.

Agents

Inman

DECEMBER 15, 2023

Listings and pending sales hit the highest level in roughly a year, according to a new report from Redfin. Still, a record number of contracts were canceled.

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Sales Agents Marketing 171

RIS Media

DECEMBER 15, 2023

When an 18% decline in home sales in 2022 is followed by what looks like another 18% drop this year, it’s hard to put a positive spin on the residential real estate market going forward, but Dr. Lawrence Yun, chief economist for the National Association of REALTORS® (NAR), did just that on Dec. 12 at… The post NAR Forecasts 4.71 Million Existing-Home Sales in 2024, With Mortgage Rates in Mid-6% Range appeared first on RISMedia.

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Sales Mortgages Residential Marketing 120

Inman

DECEMBER 15, 2023

When eXp’s Troy Palmquist ran out of gas (literally), it gave him some time for reflection. Find out how to manage your energy this holiday season so that you can keep moving forward.

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Agents 158

RIS Media

DECEMBER 15, 2023

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. The Fed decided not to make any changes in interest rates again this month, citing not enough evidence as they did back in November. “Inflation is still too high, ongoing progress in bringing it down… The post Mortgage Mix: Signs Point to Better Times in 2024 appeared first on RISMedia.

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Mortgages Industrial As-is 117

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Agents

Inman

DECEMBER 15, 2023

Wu founded Opendoor in 2014 and served as the company's chief executive officer until last year. He said in a statement that he's leaving to focus on building new things.

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Technology 156

RIS Media

DECEMBER 15, 2023

A six-month long New York Times investigation into an alleged series of sexual assaults and cover-ups at eXp claims to have found evidence that the brokerage giant ignored or slow-walked numerous reports of misconduct and assault that are at the center of at least two ongoing lawsuits—the second of which was filed yesterday by another… The post New Lawsuit, NYT Investigation Claim eXp Ignored ‘Rampant’ Sexual Abuse at Events appeared first on RISMedia.

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Brokerage Industrial Agents 117

Inman

DECEMBER 15, 2023

The former NAR vice president of advocacy also ran for Congress in 2019 and, at that time, sued the Federal Election Commission for ordering her to stop running business ads in advance of that year's primary.

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MLS Agents 151

Eye on Housing

DECEMBER 15, 2023

Over the first ten months of 2023, the total number of single-family permits issued year-to-date (YTD) nationwide reached 773,526. On a year-over-year (YoY) basis, this is 10.7% below the October 2022 level of 865,815. Year-to-date ending in October, single-family permits declined in all four regions. The range of permit decline spanned 8.6% in the Northeast to 16.1% in the West.

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Construction Marketing 116

Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty

The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.

Sales