Housing Wire

MAY 9, 2024

After months of uncertainty, the real estate industry has a reason to celebrate, at least a little bit. Judge Stephen Bough has granted final approval to the commission lawsuit settlement agreements reached by Anywhere , RE/MAX and Keller Williams on Thursday. As part of their settlement agreements, Anywhere, RE/MAX and Keller Williams have agreed to pay $83.5 million , $55 million and $70 million , respectively.

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Brokerage MLS Agents As-is 374

Real Estate News

MAY 9, 2024

Despite a last-minute motion to delay the hearing, the proceedings went on as scheduled, ending buyer agent commissions litigation for the three brokerages.

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Brokerage Agents 262

Housing Wire

MAY 9, 2024

Despite the necessary requirement for a homeowner to maintain insurance on their property for protection against human- and naturally-occurring disasters, the impacts of climate change are creating “natural” scenarios that are increasingly not covered by insurance. Such instances are accelerating in different parts of the country, leading insurers to drastically increase their prices, or, in some cases, pull out of areas they deem problematic.

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Industrial As-is Finance 336

Real Estate News

MAY 9, 2024

After five weeks of increases, rates pulled back slightly, but rising home prices and record-high mortgage payments continue to hamper affordability.

Mortgages 244

Mortgages 244

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Agents

Housing Wire

MAY 9, 2024

Social Security is often the centerpiece of seniors’ fixed income in later life, and while predictions remain limited for the life of the program’s trust fund, there was some good news recently from the Social Security Board of Trustees this week: the fund will last a year longer than predicted in 2023. “The combined asset reserves of the Old-Age and Survivors Insurance and Disability Insurance (OASI and DI) Trust Funds are projected to have enough dedicated revenue to pay all scheduled benefits

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As-is 332

Keeping Current Matters

MAY 9, 2024

When you’re planning a move, it’s normal to wonder where you’ll end up and what your future home is going to look like.

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New Construction Construction 239

Inman

MAY 9, 2024

The ruling by Judge Stephen R. Bough on Thursday resolves antitrust claims in the Sitzer | Burnett, Moehrl and Nosalek commission cases. However, it won't quash other existing suits from buyers.

Brokerage 167

Brokerage 167

Housing Wire

MAY 9, 2024

Despite a challenging operating environment and broader concerns among industry professionals about connecting with new borrowers, the reverse mortgage industry’s key performance indicators showed improvements last month. Home Equity Conversion Mortgage (HECM) endorsements increased by 2.3% to 2,105, while HECM case numbers also trended higher, continuing a streak of consecutive monthly increases.

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Mortgages Finance Equity Principal 283

Inman

MAY 9, 2024

Diversity is the way of the future, writes The Agency’s Mauricio Umansky. Here, he unpacks the advantages of intentionally building a diverse team for your clients, your agents and your business.

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Agents Branding Equity Brokerage 139

Housing Wire

MAY 9, 2024

Rocket Companies , the parent company of Rocket Mortgage , hired its first chief technology officer this week, bringing former Thomson Reuters and Intel executive Shawn Malhotra into the fold. The hire is Rocket’s latest move to bolster its already robust investment in artificial intelligence. Varun Krishna, Rocket Companies CEO, sat down with HousingWire CEO Clayton Collins at The Gathering event several weeks ago to talk about the company’s AI strategy and their new AI tool, Synopsis.

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Loan Officer Technology Loans Development 275

Advertiser: Trellis

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

Loans

Inman

MAY 9, 2024

The trade group had earlier signaled plans to raise dues in 2025, but during a board of directors meeting Thursday at the Realtors Legislative Meetings voted 894-20 to keep them at $156.

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MLS Agents 127

Housing Wire

MAY 9, 2024

Guild Holdings Company , parent company of Guild Mortgage , recorded a 6% increase in mortgage originations and much higher revenue levels in the first quarter of 2024 than in 2023. Net income saw substantial improvements as the company continues to pursue an active acquisition strategy, according to an earnings report for Q1 released on Thursday. “I am pleased to report that our first-quarter results demonstrate the continued success and disciplined execution of our strategy with growth in orig

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Principal Technology Mortgages Loans 268

Inman

MAY 9, 2024

An LGBTQ+ Real Estate Alliance survey has revealed the challenges of retirement for LGBTQ homeowners, who worry about safety and acceptance more than their straight counterparts.

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Marketing 125

Housing Wire

MAY 9, 2024

UWM Holdings Corp. , the parent of United Wholesale Mortgage (UWM), returned to profitability in the first quarter of 2024 despite higher rates, a lack of inventory and a decline in the fair value of its mortgage servicing rights (MSRs). The quarter’s positive performance was supported by increased origination volumes at improved margins and servicing sales, which resulted in a non-GAAP net income of $141 million from January to March, compared to a $361 million loss in the previous quarte

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Sales Principal Loans Mortgages 238

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Agents

Inman

MAY 9, 2024

Want your agents to look forward to meetings? Broker Joseph Santini shares five tips for making your office meetings must-attend events (and five things to avoid at all costs).

Agents 119

Agents Brokerage 119

RIS Media

MAY 9, 2024

Buying a property together is a significant step for unmarried couples. This decision involves unique legal considerations and requires careful planning. I will provide critical property laws for unmarried couples, including title considerations, mortgage qualifications and protective measures for individual investments. As someone who has been selling real estate for a very long time, it… The post Legal Considerations for Unmarried Couples Buying Property appeared first on RISMedia.

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Title Debt-to-income ratio Mortgages As-is 127

Inman

MAY 9, 2024

CEO Marco Fregenal says the flat-fee brokerage is making progress toward achieving 2024 goals despite seasonality and broader industry challenges driving a $5.9 million Q1 net loss.

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Sales Brokerage Agents Industrial 116

Zillow Market Reports

MAY 9, 2024

U.S. rents continued to tick up in April. Rents grew 0.6% month over month, slightly slower than the pre-pandemic average for this time of year of 0.7%. The typical U.S. rent is now only a whisker away from $2,000, at $1,997, according to the Zillow Observed Rent Index. To comfortably afford a rental at that price — meaning spending no more than 30% of their income — a renter would need to make nearly $80,000 a year ($79,889).

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Marketing Construction As-is 126

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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

MAY 9, 2024

The share of seriously underwater mortgages moved up slightly from 2.6 percent to 2.7 percent in the first quarter, according to a report from Attom released Thursday.

Equity 117

Equity Mortgages Marketing 117

RIS Media

MAY 9, 2024

Clockwise from top left: Howard Hanna agents Kim Crane, Jason Sekody, Kelly Huff and Ryan Shedlock Editor’s Note: The Buyer-Agent Playbook is a new iteration of RISMedia’s biweekly Playbook segment, specifically centering on buyer agency and how agents are navigating the changes and trends in a post-NAR-settlement environment. The series will provide brokers and agents… The post The Buyer Agent Playbook: Ready, Willing and Able appeared first on RISMedia.

Agents 113

Agents Development MLS Industrial 113

Inman

MAY 9, 2024

Q1 net earnings of $180.5 million were boosted by the sale of $70 billion in mortgage servicing rights (MSRs) and a $141 million markup in the value of the $230 billion in MSRs UWM retained.

Mortgages 111

Mortgages Sales Marketing 111

BAM Media

MAY 9, 2024

Real estate transactions can be complex, especially when traditional financing isn’t the best option. This is where creative financing strategies like seller financing and subject to come into play. But what exactly are these options, and how can you, as a real estate agent, leverage them to help your clients and close more deals? Understanding the Key Differences The primary distinction between seller financing and subject to lies in the buyer’s monthly payment: Subject To: The buyer assumes t

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Finance Banks Investor Loans 105

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

MAY 9, 2024

A solid Q1 earnings report has Redfin CEO Glenn Kelman feeling confident. However, persistent market headwinds are keeping the CEO from being too bullish.

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Marketing Sales Mortgages 119

BAM Media

MAY 9, 2024

BAM Key Details: Research from Zillow and StreetEasy show New York rents increased seven times faster than wages in 2023, putting an extra squeeze on renters’ budgets as housing affordability worsens. Three of the five markets where rents have outpaced wage growth most dramatically since the pandemic are in Florida. Rents declined in three markets and were outpaced by wage growth in 20 other metros.

Marketing 105

Marketing Construction As-is Industrial 105

Inman

MAY 9, 2024

Q1 2024's real estate earnings are in. CoStar and Rocket Mortgage excelled, while RE/MAX and Opendoor face challenges. We've compiled the key highlights in one place. Here's what you might have missed.

Mortgages 104

Mortgages Brokerage Marketing 104

RIS Media

MAY 9, 2024

Judge Stephen R. Bough gave his final approval today to settlement agreements struck by big brokerages in class-action commission lawsuits, granting broad immunity from claims by sellers that these companies conspired on rules that inflated real estate compensation at the expense of consumers. The ruling does not include a settlement struck by the National Association… The post Judge Approves Seller Settlements, With Limited Buyer Protections appeared first on RISMedia.

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Brokerage Industrial Agents 102

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

BubbleInfo

MAY 9, 2024

A new $3,000,000+ listing hit the MLS this week that was offering a 1/2% commission to the buyer’s agent. They also noted that to show the property, buyer-agents needed to submit proof of funds (bank statement) and pre-approval letter plus a 24-hour notice was required. Only one photo was included and no videos or matterport. […] The post Disincentive Program first appeared on bubbleinfo.com.

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Proof of funds Pre-approval MLS Banks 98

RIS Media

MAY 9, 2024

Lori McCarthy, managing broker of the recently Compass-acquired Latter & Blum in Lafayette, Louisiana, has made recruitment and community involvement priorities in her business. She serves on her local REALTOR® association board and is a member of the Young Professional Network, which provides guidance to rookie REALTORS®. RISMedia touched base with McCarthy for the latest… The post Newsmaker Spotlight: Lori McCarthy on Being a Mentor and Preparing for a New Way to Do Business appeared

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Industrial Agents 100

Calculated Risk Real Estate

MAY 9, 2024

Length of Time from Start to Completion Census released the annual data on the length of time from start to completion , and this showed ongoing construction delays in 2023. In 2023, it took a record 8.6 months from start to completion for single family homes , up from an already elevated 8.3 months in 2022. For 2+ unit buildings, it took a record 17.1 months for buildings with 2 or more units in 2023, unchanged from 17.1 months in 2022.

Construction 98

Construction 98

RIS Media

MAY 9, 2024

The 4,000-member strong LGBTQ+ Real Estate Alliance has published its fourth annual LGBTQ+ Real Estate Report. The report details how, as the Baby Boomer generation reaches retirement age, 70% of aging Alliance members believe LGBTQ+ face harder challenges in finding post-retirement homes. Highlights: A plurality (35.3%) of aging Alliance members (aged 65+) expect to retire… The post The LGBTQ+ Real Estate Alliance Publishes Fourth Annual Report appeared first on RISMedia.

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Industrial 97

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Agents