Fri.Jul 05, 2024

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The Fed is winning its war against the labor market. What does that mean for rates?

Housing Wire

With today’s jobs report and all the reports we got during this jobs week, can we finally say the Federal Reserve is winning its war against the labor market? I believe the Fed won’t pivot until the labor market breaks. That has been my position since 2022 and we are starting to see some early signs of them successfully attacking the U.S. labor market in the past few months, something I talked about on a recent HousingWire Daily podcast.

Marketing 503
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Pandemic boomtowns are still booming, sort of

Real Estate News

Austin, Boise, Phoenix and Salt Lake City home prices soared during Covid, and while gains have slowed, they haven’t “seen anything resembling a price crash.

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Experts share tips for beginning to age in place

Housing Wire

As those in or near retirement continue to proclaim a preference for aging in place , there may be challenges for people who aren’t sure about how or when they should get started on making plans. A series of home healthcare, renovation and senior care experts offer tips on ways to begin in a column published by U.S. News & World Report. For reverse mortgage clients looking to use their loan proceeds to fund the goal of aging in place, home renovations and other preparations may be requ

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Mortgage rates retreating from 7% on ‘massive’ revision to jobs report

Inman

After spiking after the June 27 presidential debate, mortgage rates are trending down again on mounting expectations that the Federal Reserve will start cutting rates in September.

Mortgages 197
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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.

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Vishal Garg ruled to pay $5.5M in a decade-long lawsuit

Housing Wire

A New York jury found Vishal Garg, CEO and founder of digital mortgage lender Better.com , liable for breach of fiduciary duty and conversion in a decade-long lawsuit filed by his former partner, Raza Khan. Garg intends to appeal. The court ordered Garg to pay $5.5 million to Educational Investment & Finance Corporation (EIFC), the company the partners founded in 2009.

Finance 425
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Patrick Carroll released by LAPD on Wednesday following arrest

Inman

The multifamily investor has had a number of encounters with police in Miami and LA in recent months in response to disorderly behavior involving guns, as well as DUI and allegations of assault.

Investor 182

More Trending

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Vatican official accused of perjury in $378M real estate lawsuit

Inman

After being sentenced by Vatican State Court for embezzlement and fraud, London-based Italian banker Raffaele Mincione is fighting back in UK courts with a countersuit accusing the Vatican of mishandling and mis-documenting funds.

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Stewart’s Iain Bryant discusses the challenges facing the title industry

Housing Wire

Like many in title , Iain Bryant, the newly appointed president of Stewart Title’s agency division, found his way into the industry through family. Bryant’s father founded A.S.K. Services , a title production business, in 1990, and after growing up surrounded by the title industry, Bryant said he was determined to never be part of the industry. “My dad also had a rule for all of his children that once you graduated, you couldn’t come back and work in the business until you’d done something else,

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The future starts today: Exclusive tour of real estate’s new platform

Inman

From changing rules to higher expectations, real estate is a new industry now, with new challenges, new opportunities—and new tech. Join us for a first-look tour of real estate’s new end-to-end platform, Lone Wolf Foundation, featuring a new transaction experience and a new standard in back office and accounting.

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Texas Capital, Ginnie Mae attorneys seek extension for their court requests

Housing Wire

Attorneys for both Ginnie Mae and Texas Capital Bank (TCB) are asking a magistrate judge overseeing their case about HECM tail collateral in the U.S. District Court for the Northern District of Texas for an extension to decide on separate motions brought by both parties: one seeking a change of venue to a different court, and another seeking a partial summary judgment.

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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

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.

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Poachers Playbook: How to recruit agents from indies and franchises

Inman

Recruiting is tough these days, but agents at franchises may be especially open to a move this year, according to an analysis of their responses from the latest Inman Intel Index survey.

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MBA sees risk in new Florida law that gives first-lien priority to PACE loans

Housing Wire

The Mortgage Bankers Association (MBA) this week detailed its reasons for opposing a bill in the state of Florida designed “to expand projects eligible for residential Property Assessed Clean Energy ( PACE ) financing,” which was recently signed into law by Gov. Ron DeSantis. Florida Senate Bill SB-770 authorizes local and county authorities within the state to create financing programs for home and other property renovations, which can include energy efficiency upgrades or renewable energy inst

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Recharge at Inman Connect Las Vegas: Our Aria Resort secrets

Inman

While you’re at Inman Connect, it isn't just about conference hustle; it's about refueling your mind, body and real estate business strategy. Here's how.

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Patelco Credit Union ransomware outage could go on for weeks

Housing Wire

A ransomware attack on Bay-area Patelco Credit Union caused almost half a million members to lose access to banking services, and the outage could last for weeks. The company shared news of the attack on June 29 via Twitter. The services knocked off line include online banking, the company’s mobile app, direct deposits, transfers, debit and credit card transactions, Zelle, balance inquiries, online bill payments and monthly statements, among others.

Banks 413
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The 4 Most Impactful Actions to Take in Real Estate in 2024

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.

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The number of settlement appeals is totally bananas: The Download

Inman

Buyers and sellers who feel like the commission settlements didn't go far enough are fighting back in court, and the cases are bunching up.

Brokerage 185
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US job creation moderated in June

Housing Wire

Job creation slowed in June, despite continued tight labor market conditions, which economists say is good news for the Federal Reserve. Data from the U.S. Bureau of Labor Statistics released on Friday shows that total nonfarm payroll rose by 206,000 jobs in June, compared to 272,000 jobs in May. Job gains in June were most notable in industries like government (70,000), health care (49,000), social assistance (34,000) and construction (27,000), a positive for the housing industry.

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Elevate your luxury real estate business at Inman Luxury Connect

Inman

The real estate industry is evolving, and luxury real estate is no exception. With shifts in market dynamics, buyer preferences and the rise of innovative technologies, staying ahead requires more than just experience; it demands continuous learning and networking with the best in the business. This is your opportunity to do exactly that.

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Move’s trade secret lawsuit is a ‘PR stunt,’ says CoStar’s Andy Florance

Housing Wire

To Andy Florance, the CEO of CoStar Group , the trade secret lawsuit Move, Inc., the parent company of listing portal rival Realtor.com , recently filed against his firm is all a “PR stunt.” “Effectively, you create a bogus story and you use a relatively junior person as a pawn and you get a story out there,” Florance said. “And the question is why?

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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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How buyer agents get results at luxury real estate auctions

Inman

Real estate auctions offer benefits for both buyers and sellers. Chad Roffers offers tips on how buyer's agents can help their clients navigate the process.

Agents 170
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When Will the Housing Market Crash Again?

Marco Santarelli

As the calendar flips to July 2024 , numerous homeowners and potential buyers are keenly observing the housing market. The pressing question on everyone's mind is: Will the housing market crash again, or are we in for a prolonged period of stability? This article delves into the current trends, expert opinions, and economic indicators to provide a comprehensive outlook on the future of the housing market.

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Plans, appeals, warnings: Inman’s Top 5 stories of the week

Inman

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Brokerage 174
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EXCLUSIVE: CoStar CEO Blasts Information-Theft Lawsuit, Labeling it a ‘Sick, Twisted PR Stunt’

RIS Media

In an exclusive interview with RISMedia on July 5, CoStar CEO Andy Florance lambasted the new lawsuit filed by Realtor.com parent Move, Inc. that claimed a former Move employee, now working for Homes.com parent CoStar, stole proprietary information from his former employer, labeling it a desperate attempt for attention and attributing it to one of… The post EXCLUSIVE: CoStar CEO Blasts Information-Theft Lawsuit, Labeling it a ‘Sick, Twisted PR Stunt’ appeared first on RISMedia.

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3 Real Estate Office Hacks to Help Kickstart the Busy Season

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.

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Consumers want lowest mortgage rate, but most won’t shop for it

Inman

ICE Mortgage Technology survey finds 84 percent of homeowners who have taken out a mortgage in the last five years only considered one or two lenders before closing the deal.

Mortgages 143
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Hard Money Lenders Seattle: Quick Loan Approvals

HomeLight

Looking to fund your next real estate project in Seattle with a hard money loan ? These loans are a great alternative to traditional financing, especially for short-term projects or those with credit issues. In this guide, we’ll break down how hard money loans work in Seattle, their costs, and alternative financing options. Plus, we’ll highlight top local lenders to help you decide if this financing option aligns with your real estate goals.

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Luxury goes global: Paris Olympics, visas and the rise of ‘set-jetting’

Inman

From Golden Visa availability to the 2024 Paris Olympic Games and a trend favored by the rich that proves all the world's a stage, luxury real estate is going international in a big way this summer.

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Will Home Prices Drop?

BubbleInfo

Here are four tepid responses to the question on whether home prices will drop this summer: [link] The lame last paragraph sums it up: The bottom line The real estate market seems unlikely to experience significant price decreases nationally this summer, but it’s possible that in specific local markets, there will be dips. Still, until […] The post Will Home Prices Drop?

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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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Tales of the Fourth: Independence Day in Brooklyn and Beyond

Brownstoner

Editor’s note: This post has been updated. Read the original post here. When revelry, fireworks, independence, and alcohol combine, the result is many a memorable evening. And so it is with the Fourth of July, as a handful of the stories in our archives can attest, with everything from park parties… Read More > The post Tales of the Fourth: Independence Day in Brooklyn and Beyond appeared first on Brownstoner.

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Hard Money Lenders New Orleans: Fast Funding Options

HomeLight

Are you planning your next real estate investment in New Orleans with a hard money loan? Hard money lenders offer financing that comes with flexibility and speed. These loans are an alternative to conventional financing, providing solutions for those with tight project timelines, limited initial capital, or credit issues. If you’re not a real estate investor but still need to bridge the timing gap between buying and selling a home, we’ll explore some alternatives to help you leverage

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When Was the Last Fed Rate Hike?

Marco Santarelli

Inflation and interest rates are top of mind in July 2024. The last Fed rate hike was in July 2023. This adjustment saw an increase of 0.25%, bringing the federal funds rate to a range of 5.25-5.50%. This marked the culmination of a series of rate hikes initiated by the Federal Reserve to control inflation and stabilize the economy. This article explores the Federal Reserve's recent rate hikes, their motivations, and potential impacts on the economy.

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Hard Money Lenders Orlando: What You Need to Know

HomeLight

Considering financing for your next real estate venture in Orlando? Whether you’re planning to flip a spacious bungalow in College Park or invest in a rental property near Lake Eola, hard money lenders in Orlando provide the quick and flexible funding you need. Hard money loans are ideal for those grappling with tight deadlines, limited initial capital, or credit issues.

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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.