Housing Wire

APRIL 5, 2024

Today’s jobs report beat estimates , but the internals show the labor market is softening, as the Federal Reserve wants. The data shows that wage growth is cooling down and the job opening quits rate is below pre-COVID-19 levels. This bodes well for those hoping to see a soft landing, and for those hoping for lower mortgage rates. The 10-year yield has had a wild ride today, but now is an excellent time to look at my macro take on the labor market and explain what the Fed is looking for wi

Land 485

Land Mortgages Marketing Construction 485

Real Estate News

APRIL 5, 2024

Ruling could lead to further changes in industry practices by allowing the Department of Justice to revisit an antitrust case originally settled in 2020.

Industrial 325

Industrial 325

Housing Wire

APRIL 5, 2024

Ginnie Mae this week issued a public notice to its issuer partners warning of an observation of higher prepayments in some of its mortgage-backed securities (MBS) programs, reminding issuers that a violation of its requirements could result in punitive action. In a prior All Participants Memorandum (APM) issued in December 2017 , Ginnie Mae described how it monitors prepayments in its MBS programs.

Mortgages 485

Mortgages Marketing As-is 485

Real Estate News

APRIL 5, 2024

The brokerage giant announced that its chief strategy officer will assume the CEO role, taking over from founder and eXp World Holdings CEO Glenn Sanford.

Brokerage 277

Brokerage 277

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Agents

Housing Wire

APRIL 5, 2024

The number of first-time homebuyers made up 32% of all buyers in 2023, according to a report released by the National Association of Realtors. Millennials comprised 75% of this demographic, with older millennials and Generation X (ages 44 to 58) accounting for 44% and 24% of first-time buyers. Against that backdrop, Zillow identified prime markets for first-time homebuyers , and half of them were nestled in the Midwest.

Pre-approval 457

Pre-approval Marketing New Construction Construction 457

Inman

APRIL 5, 2024

In another loss for the National Association of Realtors, the court ruled the U.S. Department of Justice can reopen its investigation into rules around commission sharing.

Agents 201

Agents 201

Real Estate News

APRIL 5, 2024

Jennifer Berman most recently served as COO of Direct Offer and was a cast member on the CNBC series “Listing Impossible.

Agents 204

Agents 204

Housing Wire

APRIL 5, 2024

In a filing earlier this week, HomeServices of America asked Judge Stephen Bough, who is overseeing the Sitzer/Burnett commission lawsuit , to deny the plaintiffs motion for entry of judgement. In their mid-March filing, the Sitzer/Burnett plaintiffs asked the court to order HomeServices of America, the sole remaining defendant in the suit, to pay $4.7 billion in damages.

Brokerage 421

Brokerage As-is Finance 421

Inman

APRIL 5, 2024

That includes benefits for first-time homebuyers, who might be better served by inexperienced agents. However, some benefits require changes from mortgage lenders, consumer watchdog says.

Agents 187

Agents Mortgages MLS 187

Housing Wire

APRIL 5, 2024

Reverse mortgage professionals in Massachusetts will be reliant on their borrowers’ ability to complete their required counseling sessions under the state’s face-to-face mandate following the expiration of a provision temporarily relaxing the standard that expired on April 1. This is according to prior legislative documents reviewed by RMD and an announcement this week by the National Reverse Mortgage Lenders Association (NRMLA).

Mortgages 420

Mortgages Banks Industrial Development 420

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Loans

Inman

APRIL 5, 2024

Hunterbrook Media founder dismisses Ishbia's take as "baseless conspiracy theory", while Rocket says it and founder Dan Gilbert have no financial interests or relationship to Hunterbrook.

Mortgages 187

Mortgages 187

Housing Wire

APRIL 5, 2024

To paraphrase Mark Twain, history may not repeat itself, but it does rhyme. The U.S. mortgage industry recently had to remind itself of this fact when a CNN analysis found that the nation’s largest credit union, Navy Federal, has the widest disparity in mortgage approval rates between white and black borrowers of any major lender. The report, released back in December, noted that Navy Federal Credit Union approved more than 75% of white borrowers who applied for a new conventional home pur

Mortgages 417

Mortgages Lending Banks Loans 417

Inman

APRIL 5, 2024

Pareja, who joined eXp Realty in 2022, previously served as its chief strategy officer. Founder Glenn Sanford will remain with the firm as CEO of parent company eXp World Holdings.

Brokerage 176

Brokerage Industrial Agents 176

Housing Wire

APRIL 5, 2024

The U.S. economy added another 303,000 jobs in March, exceeding economists’ expectations, and well above the average monthly gain of 231,000 jobs over the prior 12 months. Jobs increased in March, up from a revised rate of 270,000 in February , according to data released by the Bureau of Labor Statistics on Friday. The national unemployment rate changed little at 3.8%, down from 3.9% in February, and still below the full employment rate of 4%.

Industrial 348

Industrial Mortgages Construction MLS 348

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Sales

Inman

APRIL 5, 2024

Property management software company Colleen has added voice-based interaction to its artificial intelligence rent collection solution, five months after its initial launch.

Property Management 180

Property Management Technology 180

RIS Media

APRIL 5, 2024

In a split decision, a panel of judges for the D.C. Circuit Court of Appeals today overruled a district judge who had previously prevented the Department of Justice (DOJ) from reopening its investigation into the National Association of REALTORS® (NAR), potentially allowing regulators to pursue further changes to policy and rules in the industry. In… The post BREAKING: Appeals Court Rules DOJ Can Reopen Investigation Into NAR appeared first on RISMedia.

Industrial 126

Industrial Agents 126

Inman

APRIL 5, 2024

The LA luxury powerhouse passed away peacefully in her home on Tuesday. Industry professionals shared with Inman the many ways in which Berman touched their lives.

Agents 180

Agents Industrial 180

RIS Media

APRIL 5, 2024

The March jobs report, released Friday from the U.S. Bureau of Labor Statistics, defied odds predicted by analysts—indicating a slightly positive upward trend in employment from February, which will likely keep interest rates high in the coming months. The data showed an addition of 303,000 jobs in March compared to 270,000 in February, an increase… The post New Jobs Report Shows Stronger-Than-Expected Results appeared first on RISMedia.

Industrial 124

Industrial Marketing 124

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

APRIL 5, 2024

Luxury agent and new Inman contributor Beckie Nielsen offers insight on making client service more personal, more meaningful and, ultimately, more effective.

Agents 184

Agents 184

RIS Media

APRIL 5, 2024

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. United Wholesale Mortgage (UWM) is being sued by consumers in a proposed consumer class action filed on Tuesday, April 2, as reported by Reuters. The suit alleges that UWM “schemed” with brokers to “push homebuyers into… The post Mortgage Mix: United Mortgage Faces Consumer Lawsuit; NAR Issues Please to the VA and GSEs appeared first on RISMe

Mortgages 121

Mortgages Industrial As-is 121

Inman

APRIL 5, 2024

First-time homebuyers made up half of all homebuyers in St. Louis in 2023, according to Zillow. That's the highest share the city has seen since at least 2017.

Marketing 180

Marketing 180

RIS Media

APRIL 5, 2024

Above, from left, Chris Raveis, William Raveis, RISMedia Founder and CEO John Featherston and Ryan Raveis at the 50th Anniversary celebration. More than a thousand William Raveis’ sales associates, managers and employees, as well as three generations of the Raveis family and guests from Maine to Florida celebrated the firm’s 50th awards celebration in high… The post Tributes Pour In as William Raveis Company Celebrates 50 Years appeared first on RISMedia.

Sales 121

Sales Agents Marketing 121

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

APRIL 5, 2024

Dive into a discussion with industry leaders as they share valuable tactics for effectively communicating the value you bring to transactions.

Agents 190

Agents Industrial 190

Calculated Risk Real Estate

APRIL 5, 2024

A short note: Back in February, Eric Finnegan, VP, Building Products Research & Demographics, at John Burns Research and Consulting wrote: US population grew +3.8M in 2023 - the largest one-year increase in US history. (We think a recent Census estimate of +1.6M growth underestimated immigration flows.) The surge is likely short-lived as its almost all from immigration, which is conditional on policy, legislation, regulations, etc.

As-is 117

As-is Marketing 117

Inman

APRIL 5, 2024

Broker Julie Busby shares tips for making messages around HELOCs and real estate investing a centerpiece of your springtime content marketing efforts.

Agents 180

Agents Marketing Brokerage 180

RIS Media

APRIL 5, 2024

Last month, the National Association of REALTORS® announced a settlement that would resolve nationwide litigation over claims from home sellers related to broker commissions. The $418 million settlement, and the practice changes it will usher in, have led some to speculate that real estate agents are at risk of becoming obsolete. As someone who has… The post NAR Op-Ed: ‘Cooperative Compensation Will Continue to Be an Important Option for Consumers’ appeared first on RISMedia.

Agents 116

Agents Industrial 116

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Agents

Inman

APRIL 5, 2024

Inman sat down with Raveis following his firm's 50-year anniversary to discuss what it takes to lead a brokerage for half a century.

Brokerage 187

Brokerage 187

Bigger Pockets

APRIL 5, 2024

Insurance premiums are skyrocketing across the U.S., with no end in sight to annual increases that may just make you rethink investing in real estate in several parts of the country.

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117

Inman

APRIL 5, 2024

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Brokerage 176

Brokerage Agents 176

RIS Media

APRIL 5, 2024

Many key business principles are paramount to success. Forward thinking and the transformative influence of prioritizing others are some of the most important. This is not merely a sharing of insights, but an invitation to cultivate a mindset shift that can catalyze substantial advancements in your business trajectory. Forward thinking transcends foreshadowing; it’s an intricate… The post Navigating Success Through Forward-Thinking and Client-Centric Leadership appeared first on RISMedia.

Development 114

Development Industrial Agents 114

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