Housing Wire

OCTOBER 28, 2024

After previously taking issue with some of the forms generated as a result of the terms of the National Association of Realtors ’ (NAR) nationwide commission lawsuit settlement agreement , University of Buffalo law professor Tanya Monestier is now objecting to NAR’s settlement. In a document filed on Monday in U.S. District Court in Kansas City — less than a month before the NAR settlement is slated for its final approval hearing — Monestier took issue with the business practice changes, sayi

Pre-approval 441

Pre-approval Agents Industrial As-is 441

Inman

OCTOBER 28, 2024

At eXp Realty’s first-ever eXpcon Hackathon, held in Miami Beach, Florida, on Oct. 26, industry innovators competed to showcase projects aimed at creating cutting-edge real estate solutions using OpenAI technology, and the brokerage has officially announced the winners.

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Housing Wire

OCTOBER 28, 2024

We track inventory and home sales very closely, so the biggest surprise this year has been the resiliency of home prices. Given the unrelenting mortgage costs, generally weak homebuyer demand, and the year’s rising supply of unsold homes, I’ve been expecting home prices to recede a bit in the second half of this year. They have not. That’s an important lesson to learn from when looking into next year.

Mortgages 450

Mortgages Sales Marketing As-is 450

Keeping Current Matters

OCTOBER 28, 2024

Even though there are more homes available for sale than there were at this time last year, there are still more buyers than there are houses to choose from.

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Marketing Sales 316

Speaker: Jady West, VP of Hospitality & Chris Bennett, Head of Sales & Engineering

The modern hotel room is no longer just a place to stay—it’s an experience to remember. Today’s guests expect seamless 5G connectivity, personalized comfort, and high-tech convenience. From AI-powered smart room controls to in-room entertainment and app-based services, technology is redefining hospitality from the inside out. In this new session featuring industry pros Jady West and Chris Bennett, we’ll explore how high-speed, high-bandwidth connectivity powers the innovations that are enabling

Technology

Housing Wire

OCTOBER 28, 2024

Mortgage tech firm Ocrolus has introduced Inspect, a new solution within its artificial intelligence -driven mortgage document automation technology, which the company said will improve efficiency and scalability in loan origination. Inspect helps to “expedite loan processing and reduce origination errors by automatically identifying and resolving data discrepancies between borrower-submitted documents and application data,” the company said in a release Monday.

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Inspection Mortgages Technology Lending 420

Housing Wire

OCTOBER 28, 2024

Douglas Elliman continues to shake up its leadership team. In a document filed on Friday with the Securities and Exchange Commission (SEC), the firm announced the termination of Douglas Elliman Realty CEO Scott Durkin, as first reported by The New York Times. According to the filing, Durkin was “terminated, effectively immediately.” Durkin’s dismissal came just days after the firm announced the retirement of parent company CEO Howard Lorber.

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Brokerage Finance Investor Agents 405

HomeLight

OCTOBER 28, 2024

Selling your home is a major change, and while it’s definitely exciting to move on to a new chapter in your life, there’s a lot to learn about the process before you get started. One of the most important things that you should keep in mind is that there are several costs you’ll need to pay to finalize your sale. Nationwide, closing costs for sellers can range from 6% and 10% of a property’s sale price.

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Closing costs Closing Title Sales 105

Housing Wire

OCTOBER 28, 2024

Fluctuating interest rates and a fast-changing market Last month, we saw the Federal Reserve deliver their long-awaited decision to lower interest rates with a 50 basis points cut, and 30-year mortgage rates reached as low as 6.08% according to ICE’s 30-year fixed conforming rate index. This increased refinance incentive, and mortgage applications reached their highest level in more than two years—surging by 11% according to the Mortgage Bankers Association in the week following the rate cut.

Loan Officer 409

Loan Officer Pre-approval Technology Loans 409

Real Estate News

OCTOBER 28, 2024

Scott Durkin, who led Douglas Elliman Realty, was terminated just days after the CEO of its parent company stepped down.

Brokerage 294

Brokerage 294

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Development

Housing Wire

OCTOBER 28, 2024

I have attended several industry events recently and so many of the discussions continue to focus on the short game—top of funnel. I find myself wondering after all these years and despite abundant real estate tech innovations to support the entire buyer/seller lifecycle, are we stuck as an industry in a fixed mindset, unable to move beyond simply lead gen?

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Industrial Technology Brokerage Agents 418

Real Estate News

OCTOBER 28, 2024

The latest numbers suggest that, for the third consecutive fall season, rates will crest that dreaded threshold.

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Mortgages 289

Housing Wire

OCTOBER 28, 2024

The Mortgage Industry Standards Maintenance Organization (MISMO)’s dedicated reverse mortgage development work group is targeting January 2025 as the release window for reverse mortgage standards it is helping to develop. Industry professionals hope these standards can go a long way toward normalizing reverse mortgage products within the mainstream lending ecosystem.

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Mortgages Lending Industrial Title 417

Brownstoner

OCTOBER 28, 2024

A 19th century wood-frame row house tucked away near Coffey Park in Red Hook makes the most of its vintage details while also incorporating updates such as mini-split air conditioning and a backyard camper. Located at 12 Huntington Street, the dwelling is set up as a single-family, with public rooms… Read More > The post Red Hook Townhouse With Vintage Flair, Workshop Asks $1.738 Million appeared first on Brownstoner.

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As-is Marketing 115

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

Housing Wire

OCTOBER 28, 2024

Mortgage technology company Gateless is offering its flagship automated underwriting platform to a new lender. The Loan Store — a wholesale lender based in Arizona — will now use the Gateless Smart Underwrite platform, according to a recent announcement. The artificial intelligence-based platform, the latest addition to the Gateless AI mortgage tool suite, aims to enhance The Loan Store’s underwriting capabilities.

Loans 384

Loans Mortgages Technology Development 384

RIS Media

OCTOBER 28, 2024

Scott Durkin, president and CEO of Douglas Elliman Real Estate and longtime New York real estate luminary, has been terminated from his position, according to an SEC filing and multiple media reports. The news comes after the New York-based mega brokerage’s CEO and chairman Howard Lorber stepped down from the board last week, and reports… The post Douglas Elliman Terminates CEO Scott Durkin Amid Investigations appeared first on RISMedia.

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Industrial Agents 111

Housing Wire

OCTOBER 28, 2024

In an environment where technology is increasingly becoming a recruitment tool for brokerages, eXp Realty has partnered with a data provider in an effort to give its agents an advantage over the competition. The brokerage on Monday announced a new partnership with Sisu, a real estate business intelligence platform that provides agents the ability to set goals, monitor performance and compete with each other via a leaderboard and individual contests.

Agents 401

Agents Brokerage Technology As-is 401

BAM Media

OCTOBER 28, 2024

Photo credit: AJ Canaria When Chelsea Peitz introduced her ‘small talk leads to big talk’ philosophy at BAM Mania, she hit a nerve. Attendees like Krys Benyamein and Tessabella Jelten left her session inspired by her message: that relatability—not just professional expertise—opens the door to meaningful client relationships. Her approach, rooted in the psychology of connection, shows agents how to use everyday moments to draw people in and keep them engaged.

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Title Agents As-is Marketing 98

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In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

Brokerage

Housing Wire

OCTOBER 28, 2024

Optimal Blue on Monday announced three major product releases — the expansion of its artificial intelligence (AI) assistant suite, the introduction of Scenario Optimizer, and the free availability of Investor Pricing Insight to investor clients. “Each of these newly announced updates helps our clients address changing market conditions with agility, clarity, and precision,” Joe Tyrrell , CEO of Optimal Blue , said in a statement. “From loan officers to secondary marketing teams

Loan Officer 400

Loan Officer Investor Loans Mortgages 400

BubbleInfo

OCTOBER 28, 2024

Approximately 79% of homes in the US are owned by people aged 65 and older. Aging in place is fine, but many of the more-affluent seniors are opting for luxury accommodations and paying a hefty price – and there is no shortage of demand. The better units at La Costa Glen have a three-year wait […] The post Affluent Senior Living first appeared on bubbleinfo.com.

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Housing Wire

OCTOBER 28, 2024

The Federal Housing Finance Agency has expanded the eligibility for alternative appraisal methods on purchase loans by increasing the maximum loan-to-value (LTV) requirement. The announcement was made on Monday during the Mortgage Bankers Association (MBA) Annual Convention & Expo in Denver, Colorado. The maximum LTV ratio will increase from 80% to 90% for appraisal waivers and from 80% to 97% for inspection-based appraisal waivers, consistent with standard guide eligibility guidelines.

Inspection 432

Inspection Staging Loans Finance 432

RIS Media

OCTOBER 28, 2024

The National Association of REALTORS® (NAR) is continuing to put off potential action on the Clear Cooperation Policy (CCP), with the MLS Technology and Emerging Issues Advisory Board choosing not to “make a recommendation or take any other formal action” concerning the policy after two meetings. The Board met last week on October 24 to… The post NAR Advisory Board Opts Not to Take ‘Formal Action’ Concerning Clear Cooperation appeared first on RISMedia.

MLS 101

MLS Technology Industrial Agents 101

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As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

Agents

Housing Wire

OCTOBER 28, 2024

In a significant move designed to expand homeownership access, the Federal Home Loan Bank of New York (FHLBNY) announced the adoption of an alternative credit scoring model to boost mortgage credit availability. The wholesale bank will now allow members to pledge mortgage collateral using the VantageScore 4.0 system. FHLBNY will partner with 330 lenders across New York, New Jersey, Puerto Rico and the U.S.

Debt-to-income ratio 421

Debt-to-income ratio Banks Loans Mortgages 421

Eye on Housing

OCTOBER 28, 2024

With elevated interest rates and rising home prices, 103.5 million households in the United States cannot afford a $495,750 median-priced new home. The growing affordability crisis makes housing a top issue for voters in the 2024 presidential election. Both presidential candidates have offered housing policy proposals to address our nation’s housing supply and affordability challenges.

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Housing Wire

OCTOBER 28, 2024

After staying silent on the topic for nearly two months, the Council of Multiple Listing Services (CMLS) finally weighed in on the debate surrounding the Clear Cooperation Policy (CCP) of the National Association of Realtors (NAR). In an email sent to members last week, CMLS CEO Denee Evans wrote that the group believes that CCP should remain in place and that any modifications made “should preserve the spirit and effect of the policy.

Brokerage 409

Brokerage Equity As-is Industrial 409

Real Estate News

OCTOBER 28, 2024

The Leadership Team will now take up the issue, with "no specific date" for resolution. Meanwhile, CMLS calls a hasty repeal of CCP "reckless and unnecessary.

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Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

Agents

Inman

OCTOBER 28, 2024

Durkin's departure was announced in an SEC filing on Monday and came after reports emerged about the nature of former Elliman CEO Howard Lorber's retirement, which was allegedly pressured by Elliman's board.

Brokerage 189

Brokerage Agents 189

Brownstoner

OCTOBER 28, 2024

In the News What a Giant Hole Says About a Broad Parking Problem [NYT] City Paves Over Bed Stuy ‘Aquarium,’ Puts Up Sidewalk [NYT] Gen Z New Yorkers Are Burdened With Rent: Report [amNY] Jousting, Giddy Mayhem at Bike Kill [BK Mag] The Art of the Rent Gap [N+1] Brooklyn Piers to Be ‘Key Node’ for… Read More > The post Daily Links: Real Affordable Housing Production Could Soar With Cap Lift appeared first on Brownstoner.

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Inman

OCTOBER 28, 2024

Real estate agent Suzanne Simpson has been missing since Oct. 7. Olmos Park authorities have arrested her husband, Brad, for obstructing a search of the couple's home last week.

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Agents 187