Housing Wire

JANUARY 12, 2024

The U.S. Supreme Co urt last week scheduled oral arguments for seven pending cases to take place in February, including one that will decide whether “the National Bank Act preempts the application of state escrow-interest laws to national banks,” according to a publication of the argument schedule and reporting at SCOTUSblog. The court will decide whether or not national banks will be required to follow state-level laws governing escrow accounts’ accumulation of interest.

Mortgages 479

Mortgages Banks Residential Loans 479

Real Estate News

JANUARY 12, 2024

VC pro Bill Gurley returns to Zillow board; Rehn Chavez named COO at VESTAPLUS; Dan Troup joins BPP as CEO; Janet Kane named Interim CEO at Cape Fear Realtors.

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Housing Wire

JANUARY 12, 2024

Despite the still-challenging rate environment, some homeowners might opt to bite the bullet and give up their low rate to move, according to a Redfin study. Nationwide, the share of homeowners with relatively low rates has fallen modestly from a record high of 92.8% in mid-2022. In the third quarter of 2023, 88.5% of U.S. homeowners with mortgages had an interest rate below 6%.

Fixed-rate mortgage 473

Fixed-rate mortgage Mortgages Equity Finance 473

Real Estate News

JANUARY 12, 2024

After hitting a peak in 2021, tech mergers and acquisitions have entered a new phase of consolidation to meet demand for more comprehensive platforms.

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Agents

Housing Wire

JANUARY 12, 2024

Mortgage businesses at Wells Fargo , JPMorgan Chase and Bank of America are now only a fraction of what they were in 2022. As a group, the trio originated about $80 billion in mortgages in 2023, down from nearly $218 billion the prior year – a $138 billion decline (63%). The downsized volume reflects two equally important factors: a housing market characterized by limited inventory, high mortgage rates and reduced demand, but also the banks taking themselves off the board for some resident

Mortgages 448

Mortgages Banks Lending Equity 448

Inman

JANUARY 12, 2024

Lawmakers are demanding a federal investigation in the wake of a CNN analysis that concluded the nation's largest credit union denied more than 50 percent of Black mortgage applicants in 2022.

Lending 192

Lending Mortgages 192

Inman

JANUARY 12, 2024

A Chicago homeowner is the latest to allege NAR policies amounted to a conspiracy to keep commissions high for buyers; @properties vows to "vigorously defend" against the new lawsuit.

Brokerage 187

Brokerage Agents 187

Housing Wire

JANUARY 12, 2024

Guaranteed Rate has introduced a new feature that allows sellers working with a G-Rate loan officer to pay a fee that locks in a permanently discounted mortgage rate for a buyer. Known as “RateReduce Sell,” it’s a major enhancement to the existing RateReduce buydown program, in which sellers have paid to temporarily buy lower mortgage rates , typically a 2-1 buydown, for buyers.

Mortgages 432

Mortgages Loan Officer Loans Finance 432

Inman

JANUARY 12, 2024

America's population is continuing to change, writes Tina Lapp. Generate the highest level of success for diverse communities, whether they are new agents entering the field or clients looking to buy a home.

Agents 186

Agents Equity 186

Housing Wire

JANUARY 12, 2024

A proprietary reverse mortgage from Finance of America Companies (FOA) now secures the home of Rhode Island ’s honorary historian laureate after the property was returned to the owner after attempts to bequeath it to a nonprofit historical society he founded. This is according to reporting from The Providence Journal. The original reporting described the amount of the loan as nearly one-fifth higher than the current $4 million limit for “HomeSafe,” the private-label product offered by FOA’s reve

Mortgages 430

Mortgages Finance Lending Equity 430

Advertiser: Trellis

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.

Loans

Inman

JANUARY 12, 2024

Sustainability, global policy and technology are some of the biggest luxury topics going into 2024, according to the report released on Wednesday. CMO Bradley Nelson also said luxury agents should keep growing their networks to succeed in the new year.

Technology 183

Technology Agents Design Brokerage 183

Housing Wire

JANUARY 12, 2024

With much of the U.S. retirement conversation often focused on the increasing challenges of maintaining a quality of living into older age, a law passed by Congress in 2022 could be a positive sign. The Securing a Strong Retirement Act of 2022, known by its moniker “SECURE 2.0,” includes provisions including automatic enrollment of more workers into retirement savings plans, matching certain student loan payments in a 401(k) plan and tweaks to required minimum distributions (RMDs) in existing re

Finance 420

Finance Loans 420

Inman

JANUARY 12, 2024

Newly installed NAR President Kevin Sears will remain in position for nearly two years after replacing Tracy Kasper on Monday. In a video to members he focused on legal challenges and core business.

Brokerage 179

Brokerage Agents 179

Housing Wire

JANUARY 12, 2024

The value of all residential real estate worldwide is approximately $200 trillion. Of this, the U.S. accounts for approximately 23%. Every year, transaction volume in the U.S. exceeds $1.5 trillion. The numbers are staggering so it is no surprise that residential proptech is a heady market, capturing the imagination of entrepreneurs and institutions alike.

Finance 420

Finance Principal Residential Development 420

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Sales

Inman

JANUARY 12, 2024

MoxiBalance’s roots are in parent company MoxiWorks' 2021 acquisition of Reeazily, the unnecessarily difficult-to-pronounce software company that specialized in transaction management and real estate business oversight.

Technology 175

Technology 175

RIS Media

JANUARY 12, 2024

According to the latest Yardi® Matrix National Multifamily Report, 2023 ended without another upswing in the multifamily rental market; in fact, December was the fifth month of declines in a row. The average U.S. asking rent was $1,709 in December (a $4 decline), with year-over-year growth at 0.3%. Occupancy remained unchanged at 94.8% in November.… The post Multifamily Rents End Year With Another Decline appeared first on RISMedia.

Marketing 122

Marketing Industrial 122

Inman

JANUARY 12, 2024

Stop trying to reinvent the wheel in your business. According to Jimmy Burgess, there are five people who already offer a roadmap to your professional destination.

Development 172

Development Agents 172

Eye on Housing

JANUARY 12, 2024

According to the latest Producer Price Index report, growth in the average price level of inputs to residential construction less energy (i.e., building materials) fell from 15.0% in 2022 to 1.3% in 2023 (not seasonally adjusted). On a monthly basis, building materials prices rose 0.1% in December after increasing 0.1% in November (revised). Monthly price increases averaged 0.2% in 2023, down.

Construction 119

Construction Residential 119

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.

Agents

Inman

JANUARY 12, 2024

After a reported blackmail threat, NAR President Tracy Kasper resigned this week. What's next for the embattled trade organization?

MLS 187

MLS Agents 187

RIS Media

JANUARY 12, 2024

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. loanDepot recently suffered a cybersecurity attack, causing them to shut down some of their systems, including their customer portal, on Monday, Jan. 8. One of the nation’s top mortgage lenders by volume, loanDepot is the latest… The post Mortgage Mix: Another Cybersecurity Attack Strikes the Mortgage Industry appeared first on RISMedia.

Industrial 117

Industrial Mortgages 117

Inman

JANUARY 12, 2024

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 176

Brokerage Agents 176

Bigger Pockets

JANUARY 12, 2024

In November, the 5% down Fannie Mae loan for multifamily properties was released to thunderous applause. We analyze a deal under the new program to see just how beneficial it is for investors.

As-is 117

As-is Loans Investor 117

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.

Agents

Inman

JANUARY 12, 2024

RateReduce Sell allows sellers to pay points to lock in a discounted mortgage rate that their agent can cite in co-branded marketing materials.

Mortgages 175

Mortgages Branding Agents Marketing 175

Calculated Risk Real Estate

JANUARY 12, 2024

NOTE: The tables for active listings, new listings and closed sales all include a comparison to December 2019 for each local market (some 2019 data is not available). This is the second look at several early reporting local markets in December. I’m tracking about 40 local housing markets in the US. Some of the 40 markets are states, and some are metropolitan areas.

Marketing 115

Marketing Closing Sales As-is 115

Inman

JANUARY 12, 2024

We may see a reprieve in the number of new rental units coming online in 2024, with CoStar projecting a 25 percent pullback.

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RIS Media

JANUARY 12, 2024

Two class-action lawsuits filed within the last month echo the Sitzer V. Burnett case decided in Kansas City in 2023, wherein a jury ruled on behalf of plaintiffs that the National Association of REALTORS®’ (NAR) buyer-broker commission rule constitutes a conspiracy to inflate commissions. Both Friedman v. Real Estate Board of New York and Masiello… The post New Commissions Lawsuits Take Aim at State Associations appeared first on RISMedia.

MLS 114

MLS Industrial 114

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Agents

Inman

JANUARY 12, 2024

TheONE94Group has joined Coldwell Banker Realty's Ridgewood, New Jersey, office. The 20-person team has a lifetime sales volume of more than $80 million.

Sales 135

Sales Brokerage 135

RIS Media

JANUARY 12, 2024

Century 21 Real Estate LLC continues to expand in the Houston area with the affiliation of Goldman Meyer Properties. Located in the Energy Corridor, the boutique firm has served the Greater Houston metro area since 2015, according to a release. Under the leadership of broker/owner Sam Chaudhry, the company has developed a reputation for its… The post Century21 Continues Expansion in Texas appeared first on RISMedia.

Development 114

Development Industrial 114

Brownstoner

JANUARY 12, 2024

By Ben Brachfeld The proposed Interborough Express light rail, which would connect Bay Ridge and Jackson Heights without entering Manhattan, is inching forward, Governor Kathy Hochul announced on Tuesday. The governor’s 2024 State of the State policy book, which accompanied her big speech to a joint legislative session in Albany on January… Read More > The post MTA to Start Work This Year on Interborough Express Train Connecting Brooklyn and Queens appeared first on Brownstoner.

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RIS Media

JANUARY 12, 2024

A leader in Central Illinois real estate for almost a decade has announced its new affiliation with the Better Homes and Gardens Real Estate brand: Better Homes and Gardens Real Estate Service First. The company, based in Decatur, Illinois, assists the communities of Macon County with a wide variety of real estate services, including commercial… The post Better Homes and Gardens Real Estate Expands in Central Illinois appeared first on RISMedia.

Commercial 110

Commercial Branding Industrial 110

Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty

The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.

Sales