Housing Wire
FEBRUARY 1, 2024
Sports TV personality Stephen A. Smith, speaking on Detroit as the Detroit Lions were in the final four contenders to play in Super Bowl LVIII, described the city as follows: “Detroit. Phenomenal fan base. Great city. It’s been through a lot. The downtown area, big time. The stadium, big time. But you go to the outskirts of the Detroit area and it looks like a damn desert town.
Keeping Current Matters
FEBRUARY 1, 2024
As you think about the year ahead, one of your big goals may be moving.
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RIS Media
FEBRUARY 1, 2024
In December 2023, the U.S. median rent price decreased across all 0-2 bedroom properties, and rent was slightly lower than its 2022 peak—according to a year-end report from Realtor.com. As indicated in the report, median rent saw a year-over-year decline for the eighth consecutive month in December—down -0.4%—in the leading 50 metropolitan areas, at a… The post Realtor.com Reports 8 Consecutive Months of “Softening” Rent Prices appeared first on RISMedia.
Housing Wire
FEBRUARY 1, 2024
Keller Williams has decided to bow out of the Sitzer/Burnett commission lawsuit. On Thursday, the Gary Keller-helmed brokerage notified the federal court in Missouri that it had entered into a settlement agreement with the plaintiffs in the Sitzer/Burnett suit. The settlement settles all home seller lawsuits nationwide. According to Keller Williams spokesperson Darryl Frost, the firm will pay $70 million as part of the settlement agreement.
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Real Estate News
FEBRUARY 1, 2024
The deal will leave just NAR and HomeServices of America as defendants in Sitzer-Burnett and similar commissions cases, with billions of dollars at stake.
Housing Wire
FEBRUARY 1, 2024
Mortgage rates continued their downward plunge this week as inflation keeps decelerating. The 30-year fixed-rate mortgage averaged 6.63% as of Feb. 1, a decrease from last week’s figure of 6.69%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday. Meanwhile, the 15-year fixed rate averaged 5.94% this week, down from 5.96% during the prior week.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
FEBRUARY 1, 2024
The Tech100 Mortgage award celebrates the most innovative and impactful organizations in housing. More than just an acknowledgment; the Tech100 award is a testament to the transformative impact these companies have made, propelling the mortgage sector into new realms of efficiency, transparency and accessibility. Now in its 12th year, the Tech100 program provides housing professionals with a comprehensive list of the most innovative and impactful organizations in the industry.
Real Estate News
FEBRUARY 1, 2024
Rates have remained relatively stable since December, with the average 30-year mortgage rate posting a modest decline this week.
Housing Wire
FEBRUARY 1, 2024
Sure, your real estate landing pages look great — but do they convert? A good real estate website includes more than just drool-worthy images of homes priced to sell. Your real estate website should serve multiple functions, almost like a digital business card with an MLS listing storefront, a booking platform, a home valuation page, and even your background story and biography.
Inman
FEBRUARY 1, 2024
"Strategic move" expands New American's footprint in the Midwest and East Coast regions, with a majority of DKMC's loan originators and support staff to be retained.
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.
Housing Wire
FEBRUARY 1, 2024
Top 10 mortgage lender and servicer NewRez is restructuring its distributed retail mortgage business, which has resulted in cuts to regional and divisional managers. The restructuring also includes reduced compensation for loan officers, and sources said that many are seeking new opportunities at rival lenders. Nonproducing regional and divisional managers were let go on Wednesday as part of the restructuring, multiple sources told HousingWire.
Inman
FEBRUARY 1, 2024
Guy Gal spoke out last week about the challenges of 2023 and the way agents can avoid falling prey to negativity even during tough times.
Housing Wire
FEBRUARY 1, 2024
In a bizarre turn of events, the National Association of Realtors posted, then removed before reposting, a video featuring the trade group’s interim CEO Nykia Wright “setting the record straight” on agent commissions. The video was first posted on Wednesday around 9 a.m. ET before being removed roughly two hours later. It reappeared on NAR’s website later in the day around 6 p.m.
RIS Media
FEBRUARY 1, 2024
Selling a house can be a significant undertaking. For many homeowners, the desire to sell a house fast is a top priority. When relocating, downsizing, or having other reasons for a speedy sale, implementing effective strategies can make a substantial difference. Whether selling a stigmatized property or a glamorous mansion, the home sale process can… The post 5 Expert Tips for a Faster Home Sale: Selling Your House Swiftly and Successfully appeared first on RISMedia.
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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.
Housing Wire
FEBRUARY 1, 2024
Rocket Companies expanded its board of directors from eight to nine, adding an artificial intelligence (AI) and fintech expert. Rocket — under the helm of Varun Krishna , a veteran in the financial technology world — is becoming more focused on technology than ever. Onboarding Alastair (Alex) Rampell highlights Rocket’s priority of becoming a fintech company.
NAR: Economic Outlook
FEBRUARY 1, 2024
Young Adults Are Living at Home; Homeownership Next? The share of young adults living at home is back on the rise; this might make it easier for them to save for a down payment on a home.
Housing Wire
FEBRUARY 1, 2024
Shortly after EasyKnock acquired home equity investment platform Balance Homes , the company appointed former Balance Homes co-founders Judd Schoenholtz and Aaron LaRue as chief revenue officer and chief technology officer, respectively. “Judd and Aaron’s respective leadership is key as we continue on EasyKnock’s path to develop the first marketplace in the industry,” Jarred Kessler, CEO and founder of EasyKnock, said in a statement.
RIS Media
FEBRUARY 1, 2024
America’s national rent crisis could be coming to an end. Rental prices have been elevated for years—and renters’ income hasn’t caught up to match—but per findings from the Waller, Weeks and Johnson Rental Index, rents are on the decline as of December 2023. The Index is named for the professors who contribute to it: Dr.… The post Rent Crisis Is on the Decline, New Report Finds appeared first on RISMedia.
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.
Housing Wire
FEBRUARY 1, 2024
Editor in Chief Sarah Wheeler sat down with Uday Devalla, chief technology officer at Sagent and a 2023 Vanguard , to talk about his focus on transforming servicing, what really counts with data and the right approach to using artificial intelligence. Sarah Wheeler: After spending several decades leading tech at lenders, including Stearns and Bank of America, what drew you to join Sagent four years ago?
Seattle Times Real Estate
FEBRUARY 1, 2024
As offices across Washington sit empty, some say the government should offer developers a tax break to turn those buildings into housing.
Housing Wire
FEBRUARY 1, 2024
For the past 12 years, HousingWire’s Tech100 program has recognized the industry’s most innovative and impactful technology companies that are continuing to bring long-awaited solutions to the challenges that mortgage and real estate professionals have struggled with for decades. The award uncovers the innovators that are unleashing insight with analytics, powering growth and efficiency with AI and automation, providing leaders and production teams the tools they need to accelerate.
RIS Media
FEBRUARY 1, 2024
Buying a house under construction is a more viable option now than it has been in the recent past. That’s because a lot of builders are undertaking to fill market needs due to the limited inventory of current homes for sale. Mortgage rates in the mid-sixes have kept some potential home sellers staying put so… The post The Pros and Cons of Buying a Home Under Construction appeared first on RISMedia.
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.
Housing Wire
FEBRUARY 1, 2024
United Bank will consolidate its mortgage subsidiaries into one unified mortgage business amid the housing industry struggles with elevated interest rates. United Bank has been delivering mortgage services through three channels, including two mortgage subsidiaries — Crescent Mortgage Co. and George Mason Mortgage — and an in-bank channel. “In an effort to better serve our communities and provide a best-in-class mortgage business, we are consolidating our mortgage subsidiaries into one unified
RIS Media
FEBRUARY 1, 2024
As expected, the Federal Reserve indicated that rate cuts aren’t in proximity unless there is “continuing evidence” revealing inflation is decreasing toward the Fed’s 2% goal, as stated by Fed Chair Jerome Powell in a press conference after yesterday’s meeting. Inflation has, however, “eased from its highs without a significant increase in unemployment,” said Powell—a… The post Fed Requires ‘Continuing Evidence’ of Inflation Decrease Before a Rate Cut appeared first on RISMedia
Housing Wire
FEBRUARY 1, 2024
The Dallas-based MetroTex Association of Realtors has a new CEO. The trade group announced Wednesday that it has pegged Justin Landon to take the helm. “I’m honored to join the MetroTex Association of Realtors team as CEO. With exceptional leadership, industry-leading staff, and a clear vision, we’re poised for great success,” Landon said in a statement.
GeekEstate
FEBRUARY 1, 2024
[Note from editor: The “Mastermind Showcase” highlights companies and news from members of GEM Diamond. Today’s showcase: Equity Angels] Co-founded by Katherine Winston and Kenya Burrell-VanWormer , Equity Angels is a new accelerator “that will provide professional mentorship, fractional executives and fundraising preparation for companies started by entrepreneurs from diverse demographics,” according to Inman News.
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Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.
Housing Wire
FEBRUARY 1, 2024
While recent data has illustrated the dire financial situation that many members of Generation X — the cohort born primarily between 1965 and 1981 — seem to find themselves in, a recent story published in Fortune is putting human faces on the anxiety-ridden data. Members of the cohort are extremely concerned that a severe health issue could cripple their financial situations, amplifying concerns that recent studies have illustrated about the generation’s ability to retire comfortably.
RIS Media
FEBRUARY 1, 2024
From rising interest and mortgage rates, to elevated home prices and persistent inventory deficits, to ongoing lawsuits and unexpected scandals, 2023 presented more than its fair share of challenges to the real estate industry. While we saw some make headlines for all the wrong reasons, there were many more who were doing newsworthy work for… The post RISMedia Announces More Than 300 2024 Real Estate Newsmakers appeared first on RISMedia.
Housing Wire
FEBRUARY 1, 2024
Stavvy ’s Loss Mitigation Solution is a fully customizable and mobile-friendly platform. Homeowners and servicers can complete all necessary tasks — from upfront application and processing to final document execution — for faster resolution and increased pull-through. Stavvy provides a best-in-class experience for both homeowners and servicers to manage the loss mitigation process.
Coldwell Banker
FEBRUARY 1, 2024
Extra, extra! Read the Top 10 news items that ran in January about Coldwell Banker and its stellar agents. This is just a sampling of the 1,000+ mentions that occur every month. The post Top 10 Coldwell Banker Stories of the Month – January 2024 appeared first on Coldwell Banker Blue Matter.
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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