Thu.May 29, 2025

article thumbnail

Mortgage subservicing is having a makeover moment

Housing Wire

What happens when competitors pursue scale in a static yet strategically important market? The answer lies in a remote corner of the mortgage industry: subservicing. This business which involves handling mortgage payments, borrower communication and escrow administration on behalf of lenders has undergone consolidation. The sector drew renewed attention in March when Rocket Companies announced a $9.4 billion offer to acquire Mr.

Mortgages 400
article thumbnail

People on the Move: NAR adds 2 comms veterans to shape its story

Real Estate News

Former Semafor GM Bennett Richardson and Raffi Williams, who worked at FHFA and HUD, will step into their new leadership roles on May 31.

248
248
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Here are the cities that lead the nation in new-home construction

Housing Wire

New-home sales have been a bright spot in housing markets across the country that have been struggling for years with high mortgage rates and low inventory. But the benefits of newly built homes are spread unevenly, as markets in the South tend to have more construction than other regions. A new report from Consumer Affairs combines data from the U.S.

article thumbnail

The market slump? It’s ‘all about mortgage rates’

Real Estate News

Pending home sales dropped significantly in April, but lower prices and rising supply could encourage buyers to return.

Marketing 211
article thumbnail

Welcome to the Future of Hospitality: Smart Rooms Start Here

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

article thumbnail

Bipartisan Senate duo finds common ground on fighting wildfires

Housing Wire

In the halls of U.S. democracy, bipartisanship is a difficult concept. But some topics seem more likely to warrant collaboration between Republicans and Democrats , especially when it comes to housing or housing-adjacent issues. One such issue is natural disasters , including wildfires. Two senators with different bases of support are uniting in their efforts to fight them through new legislation.

As-is 353

More Trending

article thumbnail

Zillow: Northeast housing competition heats up while Sun Belt offers breathing room

Housing Wire

As the spring homebuying season ramps up, prospective buyers in the Northeast are facing fierce competition, while shoppers in the Sun Belt are finding more negotiating power, according to new data from Zillow. The analysis released Thursday shows a stark contrast between markets. In cities like Buffalo, New York ; Boston ; Hartford, Connecticut; and Providence, Rhode Island, there are at least 10 engaged home shoppers for every home on the market.

MLS 330
article thumbnail

Pending home sales tank 6.3% in April as mortgage rates stay high

Inman

Even with more inventory entering the market, homebuyers are struggling with elevated mortgage rates, NAR Chief Economist Lawrence Yun said, leading to fewer signed contracts.

Mortgages 154
article thumbnail

Potential homebuyers are waiting for prices to fall

Housing Wire

Prospective homebuyers are holding off on purchases, waiting for lower prices and mortgage rates despite the rising costs of homeownership, according to the 2025 Bank of America Homebuyer Insights Report. Further analysis of the report, conducted by the Bank of America Institute , shows that three in four respondents expect home prices and interest rates to fall, and are waiting until then to buy a new home.

Banks 334
article thumbnail

Broker Spotlight: Annette DeCicco, BHHS Jordan Baris Realty

Inman

Find out how this broker put her background in education to work to create real estate training that resonates and gets results.

Brokerage 158
article thumbnail

The 2025 Real Estate Roadmap to Success

Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

article thumbnail

DirectOffer launches AI voice assistant for real estate listings

Housing Wire

DirectOffer has introduced OLIVIA AI, a real-time voice concierge that allows consumers to ask questions about real estate listings in more than 100 languages. The company announced the launch on Thursday, explaining that the tool is designed to make listings more interactive and accessible. OLIVIA turns static listings into conversations, Kathleen Lappe, founder and CEO of DirectOffer, said in a statement.

MLS 281
article thumbnail

Inman names 2025 Future Leaders in Real Estate

Inman

Inman honors the brightest achievers under the age of 40, embodying creativity, exceptional leadership and boundary-pushing innovation within the real estate community.

article thumbnail

DOJ withdraws objection to MLS PIN settlement, clearing the way for preliminary approval

Housing Wire

The Department of Justice (DOJ) has withdrawn its objection to MLS Property Information Network (MLS PIN)s preliminary settlement of the Nosalek commission lawsuit after the two sides negotiated amended terms. In a court filing on Thursday, MLS PIN and the plaintiffs disclosed that the former will prohibit offers of cooperative compensation on its platform, which other MLSs agreed to ban after the National Association of Realtors (NAR) settled the Sitzer/Burnett case in Missouri.

MLS 255
article thumbnail

MoxiWorks back-office solution sold to agent benefits startup

Inman

MoxiWorks sells back-office software MoxiBalance to agent benefits facilitator Upfront as part of an emphasis on marketing and sales.

Agents 155
article thumbnail

Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

article thumbnail

Op-Ed: So, You Thought the NAR Settlement Was Over? Think Again.

RIS Media

When the $1.8 billion verdict came down against the National Association of REALTORS last year, it shook the real estate industry. But the aftermatha sweeping, fast-tracked settlement that reshaped business practices without meaningful input from the professionals most affectedleft many REALTORS confused, frustrated, and questioning what comes next.

article thumbnail

NAR appoints new SVP, VP of communications department

Inman

Nearly six months after its previous communications vice president resigned, the National Association of Realtors has added two new communications and marketing directors to its executive team. Journalism veteran Bennett Richardson will serve as the senior vice president of marketing & communications, and public relations dynamo Raffi Williams will be the vice president of communications, according to an announcement on Thursday.

Marketing 125
article thumbnail

As Industry Brawls Over Private Listings, Consumer Concerns Matter More

RIS Media

While this likely wont come as a shock, outside the real estate industry, the debate over private listing policy isnt about what is best for agents. As big companies, policymakers, law enforcement and lawyers have weighed in, the question everyone asks is not what agents and brokers want, but what best serves buyers and sellers.… The post As Industry Brawls Over Private Listings, Consumer Concerns Matter More appeared first on RISMedia.

article thumbnail

Condo sales fall to 10-year low amid surge in insurance costs, HOA fees

Inman

While home purchases by investors rose 2 percent annually in the first quarter to 46,726 transactions condo sales declined by 3 percent, to just 8,509 units, according to data released Wednesday by Redfin.

Sales 108
article thumbnail

Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

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.

article thumbnail

DOJ Drops Objections to MLS PIN Settlement After Commission Sharing Ban

RIS Media

MLS PIN, after being the first entity to strike a settlement deal in the commission lawsuits, has now changed its agreement to align with the National Association of REALTORS (NAR) deal, removing commission offers from its platformat least in part to appease the Department of Justice (DOJ). In a court filing today, lawyers for the… The post DOJ Drops Objections to MLS PIN Settlement After Commission Sharing Ban appeared first on RISMedia.

MLS 92
article thumbnail

The top 10 characteristics of a great real estate broker

Inman

Ready to step into brokerage leadership or step up your game? Broker Joseph Santini shares characteristics of great brokers to enhance your professional development.

Brokerage 121
article thumbnail

Pending Home Sales Plummet 6.3% in April, Despite Higher Inventory

RIS Media

Drop it like its hot? Flip it and reverse it? Pending home sales are beginning to sound like hip-hop hits from the early 2000s. Taking a significant hit in April, pending sales dropped 6.3%, according to the National Association of REALTORS (NAR). This sharp drop marks a dramatic reversal from the 6.1% gain in March,… The post Pending Home Sales Plummet 6.3% in April, Despite Higher Inventory appeared first on RISMedia.

Sales 96
article thumbnail

Top Agent Maggie Seelig joins Corcoran Group in NYC

Inman

Seelig is joining Corcoran in New York with three teammates. She will also retain her Massachusetts license with her self-founded firm, MGS Group Real Estate.

Agents 103
article thumbnail

Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

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.

article thumbnail

Empowering Agents to Achieve Remarkable Success

RIS Media

Above, Morgan Carey Doubling down on its mission to empower agents to achieve remarkable success, Real Estate Webmasters (REW)a leading provider of real estate technologyis inviting all real estate professionals to take part in its bimonthly REW CRM live coaching sessions hosted online by CEO Morgan Carey every other Wednesday at 12:00 p.m. PST. These… The post Empowering Agents to Achieve Remarkable Success appeared first on RISMedia.

Agents 90
article thumbnail

Smart Renovations That Boost Rental Value: Tech-Driven Upgrades for Modern Apartments

AAOA

Increasing the value of your home can be tricky, especially with so many new technologies hitting the market on a regular basis. The trends come and go, while tenants are becoming more demanding in terms of house appliances and smart technologies that should be installed inside your apartment. While you shouldn’t follow all possible tech trends and turn your apartment into a rental from the future, some upgrades might substantially boost the value of the place you own.

article thumbnail

Realbricks Review: Is Fractional Real Estate Worth It?

Bigger Pockets

Lets be real: Getting started in real estate right now isnt as simple as it used to be.

93
article thumbnail

Beyond trophies: Top brokerages rethink agent appreciation

Inman

Rethink the way you support and celebrate the agents who make your brokerage run by reimagining your agent appreciation program, First Team's Lauren Henss writes.

article thumbnail

The Broker Action Plan for the Post-NAR Lawsuit Landscape

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.

article thumbnail

Petite One-Bedroom in a Williamsburg Rear Lot House Asks $3,500 a Month

Brownstoner

This petite apartment is tucked away in a rear lot house, which gives it a hideaway feel in the midst of Williamsburg. The two-story wood frame house sits behind 111 North 8th Street, a circa 1860s brick Italianate. The compact one-bedroom unit is on the first floor of the hidden house.… Read More > The post Petite One-Bedroom in a Williamsburg Rear Lot House Asks $3,500 a Month appeared first on Brownstoner.

article thumbnail

Treasury Yield Increase Drives Mortgage Rates Higher in May

Eye on Housing

Mortgage rates continued their upward trend in May due to market volatility triggered by fiscal concerns and weaker U.S. Treasury demand. According to Freddie Mac, the average 30-year fixed-rate mortgage rose to 6.82% a 9-basis-point (bps) increase from April. The 15-year fixed-rate mortgage increased by 5 bps to 5.95%. The 10-year Treasury yield, a.

article thumbnail

Lead with Fire: Act with confidence, clarity (even if your voice shakes)

Inman

Confident leadership is woven from truth, not titles. You build it from the inside out, Debra Trappen writes in the latest installment of her Lead with Fire series.

Title 91