Housing Wire

MAY 7, 2024

The official magazine for the National Association of Realtors (NAR) recently touched on the topic of reverse mortgages, mentioning products such as the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) and addressing topics like the desires of baby boomers to age in place in their homes. Describing reverse mortgages as originating in 1961 before coming to greater prominence through the establishment of the HECM program during the Reagan administration, one of two recent NAR articles dea

Mortgages 430

Mortgages Principal Equity Loans 430

Real Estate News

MAY 7, 2024

The company remains on a rapid-growth trajectory, but net losses also increased this quarter, largely due to a recent commissions lawsuit settlement.

Brokerage 263

Brokerage Agents 263

Housing Wire

MAY 7, 2024

With a 67% annual increase in agent count to 16,680 agents during the first quarter of 2024 , it is no surprise that The Real Brokerage also recorded an 86% annual increase in revenue to nearly $201 million. The uptick in agent count contributed to a 74% yearly jump in transaction count to 19,032 sides, good for a total sales volume of $7.5 billion and an 88% year-over-year increase.

Industrial 423

Industrial Agents Brokerage Title 423

Keeping Current Matters

MAY 7, 2024

If you’re a member of a younger generation, like Gen Z, you may be asking the question: will I ever be able to buy a home?

262

262

Advertisement

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.

Agents

Housing Wire

MAY 7, 2024

Recent data from Inside Mortgage Finance shows a significant leap in broker market share, jumping to 24.3% in Q4 2023, the highest number we’ve seen since 2009. This is a true testament to the care, commitment and passion brokers across the country have for their borrowers. The big question is, what caused this increase? First and foremost, there has been a noticeable shift in consumer behavior.

Industrial 410

Industrial Loan Officer Marketing Loans 410

Real Estate News

MAY 7, 2024

Even as net losses increase, Redfin’s CEO says the company is in a good place: “When you give people a better deal, they actually beat a path to your door.

As-is 219

As-is 219

Real Estate News

MAY 7, 2024

In a recent survey by the New York Fed, consumers said they expect rates to hit 8.7% in a year and 9.7% in three years.

Mortgages 228

Mortgages 228

Housing Wire

MAY 7, 2024

Flagstar Bank has made changes to its third-party origination (TPO) channel leadership. Industry veteran John Gibson is leaving the company to pursue other opportunities, and he will be replaced by Rich Hoffman as senior vice president and head of TPO lending. Hoffman has spent more than 30 years in mortgage banking, 22 of them at Flagstar, where he started as an account executive.

Banks 351

Banks Equity Lending Commercial 351

Inman

MAY 7, 2024

Realtor.com CEO Damian Eales took to the podium on Monday at the MLS Forum of the Realtors Legislative Meetings to refute rival CoStar's earlier claims about Homes.com's growing traffic.

MLS 177

MLS Technology 177

Housing Wire

MAY 7, 2024

Redfin showcased pockets of growth in the first quarter of 2024 despite challenging housing market conditions. The brokerage posted revenue of $225.5 million, an increase of 5% compared to the first quarter of 2023. But it also reported a net loss of $66.8 million, up from a net loss of $60.8 million in Q1 2023 and well above its $23 million loss in Q4 2023.

Marketing 348

Marketing Brokerage Agents Sales 348

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 7, 2024

Real estate’s new era is upon us. At Inman Connect Las Vegas in July, we’re bringing together real estate’s most trusted voices to cut through the noise and give our community the information and tools it needs to succeed moving forward.

170

170

Housing Wire

MAY 7, 2024

Mortgage capital markets tech firm Polly announced on Tuesday that it has launched “Polly/AI,” which integrates artificial intelligence (AI) technology into the newest version of its product and pricing engine (PPE) and includes a “co-pilot” for loan officers that will “process, interpret, and recommend a range of outcome-driven results.” The PPE system is native to the cloud and is described by the company as “commercially scalable” through a series of customizable options.

Loan Officer 338

Loan Officer Commercial Loans Mortgages 338

Inman

MAY 7, 2024

The Real Brokerage reported revenue of $200.7 million in the first quarter of 2024 as gross profit soared to $20.8 million, according to Q1 earnings data released Tuesday morning.

Brokerage 167

Brokerage Agents 167

RIS Media

MAY 7, 2024

The National Association of REALTORS®’ Chief Economist Lawrence Yun forecasted that interest rates will fall in the long term, 2024 existing-home sales will rise to 4.46 million (up 9% from 4.09 million in 2023) and 2025 existing-home sales will increase to 5.05 million (up 13.2% from 2024)—with further gains in eight of the next 10… The post NAR Chief Economist Predicts Falling Long-Term Interest Rates, Rising Existing-Home Sales in 2024 appeared first on RISMedia.

Sales 126

Sales Industrial Mortgages Agents 126

Advertisement

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

Agents

Inman

MAY 7, 2024

Realtors and buyers are both confused right now, writes mega-team leader Carl Medford. To help buyers sort out the mess, here are our top 10 answers for buyer questions.

MLS 163

MLS Brokerage Agents Marketing 163

Brownstoner

MAY 7, 2024

Abolitionist Place park, a public park that commemorates Brooklyn’s abolitionist history, is finally open to the public after at least 20 years of planning, multiple controversies, several iterations, and many delays. The 1.15-acre park at 225 Duffield Street opened today, officials told Brownstoner Monday, with a ribbon cutting ceremony scheduled… Read More > The post Decades in the Making, Abolitionist Place Park Opens to Public appeared first on Brownstoner.

Design 124

Design Development 124

Inman

MAY 7, 2024

Enviable weather, ocean views and a lengthy list of landmark tourist destinations have made Florida a treasure chest for short-term rental investors. A Clever Real Estate market analysis published on Tuesday revealed strong property values, robust population growth, and year-round tourist demand have made Tampa, Orlando, Jacksonville and Miami top-tier cities for short-term rentals on Airbnb and other platforms.

Investor 159

Investor Marketing 159

RIS Media

MAY 7, 2024

In the wake of recent headlines surrounding the National Association of REALTORS®’ lawsuit settlement and the Department of Justice’s renewed interest in investigating commission practices, skepticism regarding the value of real estate professionals has surfaced across the nation. Yet, amidst the noise, it would be foolish to overlook the enduring significance of the role you… The post Never Count Real Estate Agents Out appeared first on RISMedia.

Agents 123

Agents Industrial 123

Advertisement

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 7, 2024

Stop trying to generate leads, new Inman contributor Lauren Harris writes. Start creating a community with the power of content creation that speaks to the neighborhoods you serve.

Agents 155

Agents Marketing 155

RIS Media

MAY 7, 2024

Bringing together ostensible outsiders with deep experience in the realm of housing policy and finance, the National Association of REALTORS® (NAR) billed the panel—taking place during the organization’s midyear legislative meetings in Washington D.C. yesterday—as an overview of “practical and policy solutions in a post-settlement environment.” Really, however, the focus was on one policy—financing buyer… The post Financing Buyer Commission Could Be Expensive, Dangerous Says NAR Panel ap

Finance 121

Finance MLS Loans Industrial 121

Inman

MAY 7, 2024

Whether it’s the liquidity of REITs, the adventurous potential of international markets, reliable income from self-storage, or the traditional appeal of residential rentals, Victoria Kennedy writes, each component adds a unique layer of security and opportunity to your investment strategy.

Residential 154

Residential Marketing Agents 154

RIS Media

MAY 7, 2024

ERA® Real Estate has announced the launch of its ERA Coaching Program. The program, designed for all ERA-affiliated agents regardless of experience level, is offered at no cost to participants. The ERA Coaching Program will gather agents in their brokerage’s office to attend the program via watch parties. The program consists of seven, two-hour live,… The post ERA Real Estate Launches New Coaching Program appeared first on RISMedia.

Design 119

Design Agents Industrial 119

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 7, 2024

In addition to $15 million in direct costs, loanDepot says it lost an additional $22 million in revenue while systems were down, contributing to $72 million net loss.

Industrial 156

Industrial Mortgages 156

RIS Media

MAY 7, 2024

The latest monthly update to the Fannie Mae Home Purchase Sentiment Index (HSPI)–for April 2024–shows the index at 71.9 percentage points (representative of how many consumers think now is a good time to buy). The rating is unchanged from March 2024 and 5.1 points higher from April 2023. In a release, Fannie Mae described these… The post Fannie Mae Shows Consumer Sentiment Plateauing appeared first on RISMedia.

Finance 117

Finance Industrial Mortgages 117

Inman

MAY 7, 2024

Former operations head Sarah Pierce, who had accused Better CEO Vishal Garg of providing misleading information to investors in leadup to SPAC, faced $2.76 million judgment in countersuit.

Investor 146

Investor Finance Mortgages Industrial 146

RIS Media

MAY 7, 2024

RISMedia’s latest Broker Confidence Index (BCI) is offering a potentially very positive preview of 2024’s spring and summer market, with a bigger than usual jump in broker sentiment at the beginning of the traditional busy season for real estate, which could foreshadow resurgent sales. Jumping a full point from seven to eight in April, brokers… The post Brokers See Inventory, Demand Surge as Sentiment Defies Looming NAR Changes appeared first on RISMedia.

Sales 113

Sales As-is Marketing Industrial 113

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

MAY 7, 2024

The nation's biggest city saw the biggest gap emerge between the rates of wage growth and rent growth, according to a new report from Zillow.

155

155

RIS Media

MAY 7, 2024

The National Fair Housing Alliance (NFHA), Asian Real Estate Association of America (AREAA), Housing Opportunities Project for Excellence, Inc. and the Fair Housing Center of the Greater Palm Beaches, have filed a fair housing discrimination suit in Miami federal court, together challenging Florida’s state law SB 264. Each organization is claiming the bill violates the… The post AREAA and Other Fair Housing Advocates File Lawsuit Alleging Discrimination appeared first on RISMedia.

Industrial 111

Industrial Agents 111

Inman

MAY 7, 2024

Seattle-based Redfin's revenue increased 5 percent year over year to $225.5 million — beating revenue projections of $218.1 million. Still, the company is struggling to control its net losses, which grew nearly 10 percent from 2023.

Brokerage 138

Brokerage Technology 138

RIS Media

MAY 7, 2024

The National Association of REALTORS®, the National Association of Home Builders, the Mortgage Bankers Association, the American Land Title Association, National Apartment Association, U.S. Mortgage Insurers, National Multifamily Housing Council, Asian Real Estate Association of America, American Property Owners Alliance, Leading Builders of America and Nareit express thanks to Reps.

Title 108

Title Land Mortgages Industrial 108

Advertisement

Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.

Agents