Housing Wire

AUGUST 25, 2023

Retail lender AmeriFirst Financial Inc. filed for Chapter 11 bankruptcy protection in Delaware, just two months after it got back into the forward mortgage origination business. The Mesa, Arizona-based company listed estimated assets and liabilities as much as $100 million each, according to a filing in the U.S. Bankruptcy Court for Delaware. RCP Credit Opportunities Fund is listed as the largest unsecured creditor in the AmeriFirst Chapter 11 case — with a claim of $17.9 million, court pleading

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Real Estate News

AUGUST 25, 2023

Rebuilding after the Lahaina wildfires will be challenging and costly, but not "ominous.

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Housing Wire

AUGUST 25, 2023

Zillow ‘s mortgage arm launched a down payment assistance program where the company will cover 2% of the borrower’s down payment at closing, allowing buyers to pay just 1% upfront. The program is available for eligible borrowers in Arizona and will expand to additional markets, Zillow Home Loans said in a release. The 2% portion of the down payment will be paid during closing and not as a payment to the borrower. “For those who can afford higher rent payments but have been held

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Real Estate News

AUGUST 25, 2023

The purchase of Spruce will allow Zillow to build “a tech-forward, high-volume title company for the future,” the company said.

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Housing Wire

AUGUST 25, 2023

Keller Williams is going with the carrot and the stick approach. The franchisor just announced a significant adjustment to its profit sharing program, aimed at rewarding agents who stay with the company and punishing vested agents who left for competitors. Keller Williams President Marc King last week wrote in an email that the company will cut the profit share distribution for vested “former” KW agents (agents who joined the company before April 1, 2020) who jumped ship to another brokerage fro

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Agents Brokerage As-is Industrial 370

Keeping Current Matters

AUGUST 25, 2023

There are only about half the number of homes for sale compared to the last normal years in the market.

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Marketing Sales 246

Inman

AUGUST 25, 2023

After an initial swoon, bond markets take Federal Reserve Chairman Jerome Powell's tough talk on inflation in stride, but the housing sector remains vulnerable to rate hikes.

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Marketing Mortgages 148

Housing Wire

AUGUST 25, 2023

Homeownership is a hallmark of the American Dream; it’s one of the few paths to building generational wealth and achieving financial freedom. Unfortunately, for many, it can feel like a pipedream. According to a recent report from the U.S. Census , the homeownership rate has dropped to 63.1%, its lowest rate since 1970. Moreover, the outlook for individuals from minority communities is even more bleak.

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Closing Equity Mortgages Industrial 367

Inman

AUGUST 25, 2023

The most explosive damage to the National Association of Realtors and the overall industry will result if the defendants lose one or both so-called bombshell lawsuits. Author and trainer Nancy Ross breaks down the possible repercussions.

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Industrial MLS Brokerage Agents 148

Bigger Pockets

AUGUST 25, 2023

Mortgage rates have been on the rise since last year, but now they've reached their highest point in 20 years. Are they ever going to fall? Read more to find out.

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Mortgages 98

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

Inman

AUGUST 25, 2023

UWM and Rocket Mortgage are also leveraging Fannie Mae and Freddie Mac programs tailored to borrowers earning less than 80 percent of the area median income.

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Mortgages Loans 148

RIS Media

AUGUST 25, 2023

While the adage “you win some, you lose some” may air on the side of cliche, it’s rather appropriate when looking at the continued courtroom volley that has taken place in some of the real estate industry’s most prominent lawsuits. Take the ongoing saga between Zillow and REX Real Estate, for example. After securing a… The post Zillow Faces Setback in REX Legal Debacle appeared first on RISMedia.

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Industrial 98

Inman

AUGUST 25, 2023

Pending home sales rose 0.7 percent from June to July, reversing seven months of declines. However, rising rates and home prices are poised to stifle sales growth into the fall, Redfin said.

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Sales Mortgages Marketing 148

RIS Media

AUGUST 25, 2023

Consumer sentiment fell 2.9% in August, while still maintaining the second-highest reading in 21 months, according to data from the University of Michigan. “After rising sharply for the past several months, consumer sentiment moved sideways in August with a small decline that is not statistically different from July,” said Joanne Hsu, director of the Surveys… The post Consumer Sentiment Falls Slightly in August appeared first on RISMedia.

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Inman

AUGUST 25, 2023

Most local associations maintain fewer than two years of reserves and draw on late fees as the most common source of non-dues revenue, according to NAR's inaugural Association Profile.

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MLS Agents 148

Brownstoner

AUGUST 25, 2023

It is all serene Greek Revival on the exterior, but on the interior this Dutchess County house is bursting with surprising jolts of color. It is perhaps no surprise that the property, which includes more than seven acres of land, includes a separate art studio. The house on the market at… Read More > The post A Dutchess County Greek Revival With an Artsy Burst of Color, Studio Space Asks $835K appeared first on Brownstoner.

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Land Marketing 98

Inman

AUGUST 25, 2023

Consumer sentiment dipped to 69.5 in August following months of recovery, a downward shift that underscores the complex web of rapidly changing expectations, according to data released Friday.

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Marketing 148

Brownstoner

AUGUST 25, 2023

In the News Sunset Park Roommate Charged With Murder in Hammer Attack [NYT] Mandatory Composting Is Coming to New York City: What to Know [NYT] CB Chair Under Fire for Comments on Islam in Coney Island Casino Spat [NYP] Madame Morbid’s Ghost Trolley Tours Return for the Spooky Season [BP] Why Your Con Ed… Read More > The post Daily Links: Vice to Leave Williamsburg Office Space to Cut Costs After Bankruptcy Filing appeared first on Brownstoner.

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Bankruptcy 98

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Agents

Inman

AUGUST 25, 2023

A new report from CoreLogic is the latest to confirm that rent growth is falling back toward historical levels as the market moves on from unprecedented growth during COVID-19.

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As-is Marketing 148

Toronto Realty Blog

AUGUST 25, 2023

TorontoRealtyBlog I remember an instance last year that underscores just how much markets can change, and just how little the participants can know about what other markets look like. In one of our company meetings, an agent was announcing a listing he had and he said to the group, “…and the seller is willing to take back a mortgage if anybody has a buyer who’s interested.” One of the younger agents said, “What does that mean?

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Mortgages Commercial MLS Banks 98

Inman

AUGUST 25, 2023

It is so easy to dismiss someone because they may make a request you do not understand or even think is stupid, writes team leader Carl Medford. Listening to their request and fulfilling it, however, can actually set your life on a new and wonderful trajectory.

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Brokerage Agents 148

Bigger Pockets

AUGUST 25, 2023

Your tenant is breaking their landlord tenant lease agreement. What now? Do you go after the money or eat the loss?

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Agents

Inman

AUGUST 25, 2023

People are pointing fingers and raising hell over KW’s recent profit share announcement, writes broker Troy Palmquist. But why is everyone so surprised?

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Brokerage Agents 148

HomeLight

AUGUST 25, 2023

Navigating the real estate market in Portland can be a daunting task, especially when faced with the need for a quick sale, or if you feel overwhelmed with imminent moving plans. Whether your home requires repairs or you’re dealing with an unexpected life change, “We Buy Houses” companies in Portland offer a fast, convenient solution.

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Inspection Closing Sales As-is 98

Inman

AUGUST 25, 2023

The National Association of Realtors filed four requests in the US District Court in Western Missouri on Thursday involving commission rule changes, government investigations and discrimination.

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MLS Brokerage Agents 148

Brownstoner

AUGUST 25, 2023

Our picks for open houses to check out this weekend are found in Gowanus, Bay Ridge, Flatlands, and East Flatbush. They range in price from $715,000 to $1.995 million. 191 12th Street Price: $1.995 million Area: Gowanus Broker: Compass (Debra Bondy) Sunday August 27, 11 a.m.-12 p.m. See it here -> 437 79th Street Price: $1.395 million Area:… Read More > The post A Gowanus Italianate Wood Frame and Three More to See This Weekend, Starting at $715K appeared first on Brownstoner.

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Marketing 98

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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

AUGUST 25, 2023

Not every senior adult is ready to put their house up for sale, writes broker Teresa Boardman. Rather than trying to turn them into listings, it's time for real estate professionals to reach out to senior homeowners with a helping hand.

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Sales Agents Marketing 147

Calculated Risk Real Estate

AUGUST 25, 2023

In 2021 there was a sharp increase in rents. This was due to a surge in household formation during the pandemic. Over time, housing economist Tom Lawler and I unraveled the household formation mystery in a series of articles (links at the bottom of this post). This analysis led to the conclusion that household formation would slow sharply, and that asking rents would likely turn negative year-over-year (both have happened).

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Lending As-is 98

Inman

AUGUST 25, 2023

With Inman Top 5, you'll find the most essential stories of the past week, as chosen by our Inman readers.

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Agents 147

RIS Media

AUGUST 25, 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. Mortgage rates rose again this week, reaching their highest level since 2001, according to Freddie Mac’s latest Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 7.23%, while the 15-year fixed-rate mortgage averaged 6.55%.

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