Housing Wire

MARCH 20, 2024

Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. This misconception obscures the reality that, historically, buyers lacked formal representation. Initially, the entire commission percentage was pocketed by the listing agent, who solely represented the seller’s interests.

Debt-to-income ratio 479

Debt-to-income ratio Agents Equity Closing costs 479

Real Estate News

MARCH 20, 2024

Now the lone defendant in at least two cases, the brokerage vows to "aggressively pursue options" to resolve litigation even as it faces billions in damages.

Brokerage 261

Brokerage 261

Housing Wire

MARCH 20, 2024

The Federal Reserve ’s Federal Open Markets Committee (FOMC) held its short-term policy interest rate steady at a range of 5.25% to 5.5% for a fifth straight meeting on Wednesday. “The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2%,” according to the FOMC statement. “In addition, the Committee will continue reducing its holdings of Treasury securities and agency de

Investor 458

Investor Banks Mortgages As-is 458

Real Estate News

MARCH 20, 2024

Plaintiffs ask for more time to respond to the DOJ following NAR’s announcement, which could affect the existing deal in the Nosalek case.

MLS 260

MLS 260

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Housing Wire

MARCH 20, 2024

Like with most things in life, real estate brokerages come in a variety of shapes and size, from white-glove service firms to discount brokerages to flat-fee firms that offer al a carte services. While all types of brokerage models see different levels of success in the current real estate environment, industry experts believe this may change due to the terms of the recently negotiated settlement agreement by the National Association of Realtors (NAR) in the commission lawsuits.

Brokerage 448

Brokerage Agents Industrial As-is 448

Inman

MARCH 20, 2024

The verdict in the monumental Sitzer | Burnett commission case in Missouri — plus oversight by federal regulators — has splintered the industry as it scrambles to figure out how to move forward.

Industrial 183

Industrial MLS Brokerage Agents 183

Inman

MARCH 20, 2024

After two consecutive weeks of rising demand, applications for purchase mortgages dropped by a seasonally adjusted 1 percent last week compared to the week before, and 14 percent from a year ago.

Mortgages 177

Mortgages Marketing 177

Housing Wire

MARCH 20, 2024

One of the major takeaways from Federal Reserve Chair Jerome Powell’s Wednesday news conference was that officials still expect interest rates to come down three times this year, indicating that recent higher-than-expected inflation numbers haven’t been enough to derail previous forecasts. As widely anticipated, central bankers left the benchmark interest rate steady at 5.25% to 5.5%.

Industrial 433

Industrial Mortgages Banks Principal 433

Inman

MARCH 20, 2024

In addition to anticipating three rate cuts this year, Federal Reserve policymakers are considering whether to taper the pace at which they unwind the central bank's $7 trillion balance sheet.

Banks 176

Banks Mortgages Marketing 176

Housing Wire

MARCH 20, 2024

Reverse mortgage industry veteran Tane Cabe recently left his position at Fairway Independent Mortgage Corp.’s reverse division to transition back into a role as a reverse mortgage broker. He joined C2 Financial ’s reverse division in a move that he says helped to return him to his “roots.” RMD caught up with Cabe recently to learn about why he made the transition back to being a broker.

Development 426

Development Industrial Mortgages Loans 426

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Loans

Inman

MARCH 20, 2024

Agents who see the changes coming and adapt to the new reality by cementing their relationships will be in a position to seize the day as market winds shift, mega-team leader Carl Medford writes.

Marketing 175

Marketing Agents Branding Brokerage 175

Housing Wire

MARCH 20, 2024

About 65 mortgage professionals have not transitioned from AmCap Home Loans to its acquirer, CrossCountry Mortgage (CCM), and rival New American Funding (NAF) has hired the AmCap personnel to expand its business in Texas, the lender announced last week. Industry veteran Tom Boyd became a divisional executive vice president at NAF in December after spending more than 10 years at AmCap, where his prior job was as division president.

Mortgages 417

Mortgages Loan Officer Loans Finance 417

Keeping Current Matters

MARCH 20, 2024

Thinking about buying a home?

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283

Housing Wire

MARCH 20, 2024

Figure Lending LLC is now operating under the umbrella of Figure Technology Solutions , independent of CEO Mike Cagney ’s Figure Technologies. Figure Technology Solutions will focus on developing and distributing its proprietary, technology-enabled platform to partners and investors in the home equity lending ecosystem, the fintech firm announced earlier this week.

Lending 398

Lending Equity Technology Banks 398

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Sales

Inman

MARCH 20, 2024

While incentives are still an integral part of the new-home market, they're falling out of popularity in the rental segment as demand — and competition — strengthens. The number of Zillow rental listings with concessions has struggled, going from 32.7 percent in December to 31.9 percent in January. The concession rate jumped 5.6 percent year over year to 32.2 percent in February; however, it marks the slowest annual growth pace since June 2023.

Marketing 163

Marketing 163

Housing Wire

MARCH 20, 2024

Ally Home , the residential mortgage lending arm of Ally Bank , is offering a $5,000 grant for eligible homebuyers in the select markets of Charlotte, Detroit and Philadelphia, the company announced on Tuesday. The upfront lump sum can be applied toward a down payment, closing costs or other expenses related to the homebuying process. Ally is partnering with HouseCanary, a tech-forward appraisal firm, to help consumers identify grant-eligible properties using the Ally ComeHome search portal.

Banks 395

Banks Closing costs Lending Equity 395

Inman

MARCH 20, 2024

Customers of real estate software company RESAAS can now opt in to having listings published as “coming soon” on industry-leading search portal Zillow.

Industrial 177

Industrial Technology Marketing 177

Housing Wire

MARCH 20, 2024

Realty ONE Group International , a global real estate franchise, recently promoted five women to drive the company’s global growth. Cory Vasquez was promoted to the position of co-president, alongside Vinnie Tracey, who has been the company’s president since 2017. Before this promotion, Vasquez served as the company’s vice president of global communications.

Brokerage 385

Brokerage Branding As-is Marketing 385

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

MARCH 20, 2024

Most brokerage leaders in February still expected to be better-staffed this time next year, the Intel Index found. But that optimism was weakening even before NAR's $418M settlement Friday.

Brokerage 159

Brokerage Agents Marketing 159

Housing Wire

MARCH 20, 2024

The PROGRESS in Lending Association released the names for its 2024 Innovations Award winners last week, including two vendors that are active in the reverse mortgage industry, according to an announcement. The organization recognized LoanPASS for its loan pricing software, which can map out forward and reverse mortgage options side by side. “In this current market, many lenders are looking for new lending products to offer to help expand their offerings and keep the company afloat,” the organiz

Lending 378

Lending Mortgages Technology Banks 378

Inman

MARCH 20, 2024

The Inman Intel Index goes beyond sentiment and trends by tapping into the real estate industry's most engaged community. Add your voice to the industry's most ambitious monthly survey today.

Industrial 158

Industrial MLS Brokerage Technology 158

Eye on Housing

MARCH 20, 2024

Continuing NAHB’s commitment to be at the forefront of research on home buyer preferences, the 2024 edition of What Home Buyers Really Want was recently released at the International Builders’ Show. The primary objective of the study is to provide builders, manufacturers, architects, and the general residential construction industry with a thorough analysis of what.

Construction 130

Construction Residential Industrial 130

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

MARCH 20, 2024

What's causing you the most stress when it comes to NAR's $418 million settlement of the real estate commission lawsuits?

MLS 176

MLS Brokerage Agents 176

RIS Media

MARCH 20, 2024

We all know that luxury real estate trends ebb and flow based on numerous factors from the seasons to the state of the economy. Equally, design preferences tend to fluctuate with some new fads occurring while other trends remain timeless. Today, design is all about individuality and creating experiences—gone are the days of formulaic interiors… The post Luxury Staging Trends and Tips for 2024 appeared first on RISMedia.

Staging 130

Staging Design Development Industrial 130

Inman

MARCH 20, 2024

Two marketing companies in real estate, Local Logic and Property Panorama, have created a data partnership for each firm's user base.

Marketing 166

Marketing Technology 166

Bigger Pockets

MARCH 20, 2024

Falling prices haven't been common in today's market. With higher mortgage rates and low inventory, many investors have waited on the sidelines. Is now the time to plunge back in?

Marketing 118

Marketing Investor Mortgages 118

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Agents

Inman

MARCH 20, 2024

More than 90 brokerages would not be covered under the $418 million deal, though most have the option of buying in.

Brokerage 176

Brokerage MLS 176

RIS Media

MARCH 20, 2024

The Fed left rates unchanged Wednesday but it did indicate it will cut rates three times before the end of the year. The central bank said it needs to see inflation move more sustainably toward its target 2% goal before initiating rate cuts. “Recent indicators suggest that economic activity has been expanding at a solid… The post Fed Holds Rates Steady But Indicates Three Rate Cuts in 2024.

Banks 120

Banks Industrial Mortgages Marketing 120

Inman

MARCH 20, 2024

Key policy item for first-term Mayor Brandon Johnson would have raised an estimated $100 million a year through a tax hike on real estate sales.

Sales 151

Sales Agents Marketing 151

RIS Media

MARCH 20, 2024

The real estate industry has been abuzz since NAR’s announcement of their settlement in their ongoing commission lawsuits last Friday. Conversations are spurning left and right about the decision: the terms, what they mean and how that will trickle down the industry. To break down the proposed settlement’s terms: buyer’s agent commissions will not be… The post What the Industry is Feeling and Saying About the NAR Settlement appeared first on RISMedia.

Industrial 118

Industrial Agents MLS 118

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.

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