Fri.May 02, 2025

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The key to mortgage rates: Fed phone calls?

Housing Wire

Todays jobs report showed positive growth, with 177,000 jobs added and an unemployment rate of 4.2%. Mortgage rates went up a tad today, but the spreads improved, which was a positive. As market drama calms down, we should see some improvement with the spreads, something I discussed in this recent episode of the HousingWire Daily podcast. While this is encouraging, the Federal Reserve focuses on broader indicators that have economic implications, particularly in light of potential high-velocity

Mortgages 418
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Howard Hanna agrees to settle commissions lawsuit

Real Estate News

The Gibson case continues, however, with Crye-Leike and a Warren Buffet-owned company still pushing back, and other settlements facing challenges.

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NRMLA co-chair outlines reverse mortgage advocacy plan

Housing Wire

The reverse mortgage industrys premier trade association held its first event of 2025 this past week. While the mood was generally upbeat among the roughly 150 attendees who made the journey to Irvine, California, for the event hosted by the National Reverse Mortgage Lenders Association (NRMLA), there was also an acknowledgement of challenges faced by the industry when it comes to getting the word out about reverse mortgages.

Mortgages 375
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Your Home Equity Could Make Moving Possible

Keeping Current Matters

Thanks to recent home price appreciation, homeowners have near record amounts of equity and you may too. On average, homeowners have $311K worth of equity.

Equity 220
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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.

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Howard Hanna reaches settlement in Gibson commission lawsuit

Housing Wire

After a drawn-out legal battle, Howard Hanna Real Estate Services has reached a settlement in the Gibson commission lawsuit. A court notice filed on Friday stated that attorneys for Howard Hanna Holdings Inc. and the plaintiffs had reached an agreement in principle to settle all claims against the Pittsburgh-based brokerage. The settlement which still requires court approval asks to stay all further proceedings related to Howard Hanna while the proposed settlement moves through the approval pr

Brokerage 369
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People on the Move: New execs at HomeServices, RE/MAX

Real Estate News

Alex Seavall expands his title after almost six years as HomeServices CFO, while Candace Adams fills the vacant EVP role. At RE/MAX, a new SVP comes on board.

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‘It’s a new day’ at RE/MAX, CEO declares

Real Estate News

CEO Erik Carlson said numbers were higher than expected though U.S. agent count fell significantly calling 2025 a year of transition for the brand.

Branding 151
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LERETA, Sagent integrate real estate tax and flood service solutions

Housing Wire

Mortgage technology provider Sagent has announced a new partnership with LERETA , a company specializing in real estate tax and flood services, to integrate LERETAs solutions into Sagents platform. The collaboration aims to give mortgage servicers streamlined access to real-time tax data, flood zone determinations, payment processing and automated monitoring through Sagents Partner Program.

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eXp launches new program with ‘agent success’ in mind

Real Estate News

The Co-Sponsor Program is about honoring how real influence and support work in our industry, said CEO Leo Pareja. Plus, a promotion and 2 new faces at eXp.

Agents 151
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How Rate wants to close its ‘massive gap’ in the non-QM space

Housing Wire

Top 10 U.S. mortgage lender Rate is investing in the nonqualified mortgage ( non-QM ) space by launching a new suite of products. It aims to attract borrowers with nontraditional financial profiles, including self-employed individuals, small-business owners, freelancers and real estate investors. The Chicago -based lender ranked as the eighth-largest in the country, originating $39.6 billion in mortgages in 2024, up 15% year over year, according to Inside Mortgage Finance data.

Closing 267
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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.

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HomeServices announces more leadership shuffles

Inman

Alex Seavall and Candace Adams will be taking on roles at HomeServices as chief financial and operations officer and executive vice president, respectively. Brenda Maher is being promoted to president of Berkshire Hathaway HomeServices New England and New York Properties.

As-is 120
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Lenders, originators and agents, let us celebrate the rise of the educated homebuyer

Housing Wire

When industry experts think about what could lead to a significant departure of loan officers and real estate agents, two main things come to mind: AI and market conditions. Although AI and market conditions will have some level of impact, a much bigger game-changer is coming to the industry. It is the rise of the educated homebuyer , which is now in its infancy but will become the new norm within the next ten years.

Agents 296
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Jobs Data Comes in Strong—Though Economists Say Too Early to Celebrate

RIS Media

Real estate professionalsand the country at largebreathed a sigh of relief this morning, as the latest data on the labor market showed stronger than expected growth in payrolls, and unemployment unchanged from the previous month. According to the latest release from the U.S. Department of Labor, the country added 177,000 jobs in April despite disruption… The post Jobs Data Comes in StrongThough Economists Say Too Early to Celebrate appeared first on RISMedia.

Marketing 102
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The potential benefits of senior property tax deferral programs

Housing Wire

Property taxes are rising dramatically across the country, and that reality has the potential to hit seniors living on a fixed income hardest of all. On top of that, keeping up with property tax and insurance costs are key requirements to keep any mortgage in good standing, whether its a forward or reverse loan. Some localities offer programs that allow older homeowners, specifically, to defer the payment of their property taxes to a later date.

Equity 235
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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.

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Finding Financial Freedom: Araceli Espinoza on real estate investing

Inman

Coach Melanie Klein looks at the inspiring story of Araceli Espinoza, who is building financial freedom through international real estate investment.

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RE/MAX posts another loss, but CEO insists it can ‘get back to growth’

Housing Wire

The economic headwinds facing real estate brokerages keep piling up, and its taking a toll on RE/MAX. On its first-quarter 2025 earnings call Friday morning, the company disclosed year-over-year declines in revenue, agent count and operating cash flow, leading to an adjusted net income loss of $3.2 million. CEO Erik Carlson acknowledged the issues facing brokerages, including tariffs, high mortgage rates , a possible recession and the evolving environment around things like the Clear Cooperation

Brokerage 255
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A Dutchess County Cottage Designed by Alexander Jackson Davis, Yours for $739K

Brownstoner

While it was constructed as a more modest house on a large estate, this Dutchess County cottage has quite the presence of its own thanks to its picturesque board-and-batten style. Sketches and diary notes also connect its design to an influential architect of the 19th century, Alexander Jackson Davis. At 81… Read More > The post A Dutchess County Cottage Designed by Alexander Jackson Davis, Yours for $739K appeared first on Brownstoner.

Design 104
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Enterprise Community Partners combines CFO, COO roles

Housing Wire

David Rands, chief financial officer at housing nonprofit Enterprise Community Partners , is taking on an expanded role as the organizations chief operating officer and chief financial officer. The move was effective May 1. The move comes as Enterprise combines its finance and operations functions following the recent departure of former COO Drew Warshaw.

Finance 235
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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

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.

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BREAKING: Howard Hanna Settles Commission Lawsuits After Long Fight

RIS Media

One of the last major holdouts in the commission lawsuits has struck a settlement deal, with Pennsylvania-based independent brokerage Howard Hanna agreeing with plaintiffs to end the litigation, according to court filings today. The brokerage had up until now fought aggressively in the largest Burnett copycat lawsuit (known as Gibson), even as nearly every other… The post BREAKING: Howard Hanna Settles Commission Lawsuits After Long Fight appeared first on RISMedia.

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FirstHome IQ and Crib Equity partner to address down payment challenges

Housing Wire

Financial literacy resource provider FirstHome IQ has announced a partnership with Crib Equity , a co-investment platform that aims to improve affordability by increasing the down payment and lowering debt. Crib Equity’s model matches borrowers’ down payments as an investment rather than a loan, eliminating additional debt burdens for first-time homebuyers.

Equity 255
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7 social media hacks every real estate agent needs

Inman

In a competitive market, these simple but powerful strategies from Alyssa Stalker can help agents boost visibility, grow engagement and generate real leads without feeling stretched thin.

Agents 92
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eXp Luxury announces seller financing partnership

Housing Wire

eXp Luxury , the upscale division of real estate brokerage eXp Realty , is teaming with MORE Seller Financing to give luxury home sellers new tools to attract buyers and improve listing performance in a high interest rate environment. The partnership, announced this week, will give eXp Luxury agents access to the MORE Seller Bridge Loan Program a short-term seller financing option that lets sellers convert their existing low-rate mortgages into income after selling their home. “Luxury sel

Finance 235
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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

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.

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A New Era of RE/MAX® Is Here: Focus on ‘The Greatness in You’

RIS Media

Greatness in real estate doesnt happen by accident. Its the outcome of productivity. Its the outcome of professionalism. And its the outcome of a trustworthy reputation, a factor at the core of a successful entrepreneur. With a network of more than 145,000 affiliates and a presence in over 110 countries and territories, RE/MAXhome to trusted… The post A New Era of RE/MAX Is Here: Focus on ‘The Greatness in You’ appeared first on RISMedia.

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To team or not to team? 10 things you must know as you decide

Inman

Speaker and CEO of Spark Tank Media, Jeff Lobb, and trainer Bernice Ross walk through the requirements for starting a successful real estate team.

Agents 92
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Does GDP Growth Impact Home Prices?

Bigger Pockets

According to the Bureau of Economic Analysis (BEA), Q1 GDP growth in 2025 was negative (-0.3%, to be exact).

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Thad Wong on building @, winning Christie’s and selling to Compass

Inman

In a sweeping interview from his Chicago office, @properties co-CEO Thad Wong shared his high stakes pursuit of Christies and selling his company to Compass after being one of its critics.

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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.

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States With the Lowest Mortgage Rates Today – May 2, 2025

Marco Santarelli

If you're in the market for a home, you're probably glued to mortgage rates! As of today, May 2, 2025, the states with the lowest mortgage rates for a 30-year new purchase are New York and Washington. Following closely behind, you'll find relatively low rates in Tennessee, Texas, California, Florida, Michigan, North Carolina, and Pennsylvania. These nine states showed average mortgage rates hovering between 6.68% and 6.85%.

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A Prospect Heights Neo-Grec and More to See, Starting at $1.25 Million

Brownstoner

Our picks for open houses to check out this weekend are found in Prospect Heights, Beverley Square West, Park Slope, and Bay Ridge. They range in price from $1.25 million to $4.25 million. 149 St. Marks Avenue Price: $4.25 million Area: Prospect Heights Broker: Corcoran (Andrea Yarrington) Saturday May 3 and Sunday May 4, 1-3… Read More > The post A Prospect Heights Neo-Grec and More to See, Starting at $1.25 Million appeared first on Brownstoner.

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Fannie and Freddie: Single Family Serious Delinquency Rates Decreased in March

Calculated Risk Real Estate

Freddie Mac reported that the Single-Family serious delinquency rate in March was 0.59%, down from 0.61% February. Freddie's rate is up year-over-year from 0.52% in March 2024, however, this is close to the pre-pandemic level of 0.60%. Freddie's serious delinquency rate peaked in February 2010 at 4.20% following the housing bubble and peaked at 3.17% in August 2020 during the pandemic.

Loans 69
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March Private Residential Construction Spending Dips

Eye on Housing

Private residential construction spending declined by 0.4% in March, largely driven by a decrease in home improvement spending. This decline followed five consecutive months of growth. Despite the monthly drop, spending remained 2.8% higher than a year ago, showing the resilience of the housing market. According to the latest U.S Census Construction Spending data, improvement.

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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

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.