Housing Wire

MAY 2, 2024

Keller Williams was named to an additional class-action lawsuit that takes issue with alterations made to the brokerage’s profit-sharing program. On Thursday, James McFarlane filed a complaint aiming for class-action status in the U.S. District Court of Maine. McFarlane was associated with Keller Williams from 2004 to 2018. In the past several weeks, 13 agents formerly affiliated with Keller Williams — Jerri Moulder, David Bueker, Robert Hill, Kevin Ortiz, Edward Fordyce, Paul Davis, Penny Alper

Agents 427

Agents Brokerage Industrial As-is 427

Keeping Current Matters

MAY 2, 2024

You may have heard mortgage rates are going to stay a bit higher for longer than originally expected.

Mortgages 259

Mortgages 259

Housing Wire

MAY 2, 2024

The housing market has been on a topsy-turvy roller-coaster ride in recent years that has been particularly neck wrenching since this past fall, fueled by stubbornly high inflation and a still-strong jobs market. In early November, 30-year fixed mortgage rates began a nosedive, declining from near 8% to below 7% in a matter of months before once again starting to rise at the start of 2024.

Mortgages 426

Mortgages Marketing Loans Equity 426

Real Estate News

MAY 2, 2024

Once new rules go into effect — between July and September — agents will need to embrace “the new regime” to avoid liability, and to ensure they get paid.

Agents 202

Agents 202

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Housing Wire

MAY 2, 2024

While revenue rose at eXp World Holdings during the first quarter of 2024, the firm was still unable to turn a profit due to the challenging housing market. In Q1 2024, the company reported a $15.6 million loss compared to a net gain of $1.5 million in Q1 2023. Revenue at the parent company of eXp Realty increased 11% year over year to $943 million during the first quarter of 2024, executives disclosed on Wednesday.

Brokerage 408

Brokerage Agents Investor Development 408

Real Estate News

MAY 2, 2024

Rates are likely to stay higher for longer, but as inventory builds, pent-up demand and more home choices could entice buyers — if they can afford it.

Mortgages 205

Mortgages 205

Real Estate News

MAY 2, 2024

Even as revenue fell sharply year-over-year, the iBuyer sees an opportunity to “shape the future of real estate” by giving consumers more options.

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Housing Wire

MAY 2, 2024

Top U.S. loan officer Timothy Potempa has departed Dallas-based multichannel lender OneTrust Home Loans to join E Mortgage Capital , bringing his team of about 40 people and more than $300 million in annual production to the company headquartered in California. “I’ve been in the industry since I was 18, so this year will be 22 years, and I’ve only been in five companies,” Potempa said in an interview. “The transition just became along the lines of the team’s a

Loan Officer 417

Loan Officer Mortgages VA loan Lending 417

Inman

MAY 2, 2024

Keeping Current Matters CEO David Childers and Jimmy Burgess discuss why a relevant market opinion based on facts, not fears, is key for educating consumers and navigating industry changes.

Industrial 184

Industrial Marketing Brokerage Agents 184

Housing Wire

MAY 2, 2024

Redlands, California-based mortgage lender Mountain West Financial has struck a deal to sell its retail assets to competitor ML Mortgage Corp. , one of the latest M&A transactions amid a challenging landscape for home loan originators. “We did transfer our branches and loan officers to ML Mortgage. We felt that ML was a good culture fit and would provide the least amount of disruption to the origination team,” Mountain West CEO Michael Delehanty said in an email to HousingWire.

Mortgages 416

Mortgages Loan Officer Lending Loans 416

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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

Real Estate News

MAY 2, 2024

Following a series of leadership changes, the company is focusing on cutting expenses as it navigates the tough real estate market.

Agents 181

Agents As-is Marketing 181

Housing Wire

MAY 2, 2024

Real estate agents appear to be more open to changing brokerages in 2024 compared to last year, according to a recent Coldwell Banker survey. The report found that 61% of agents plan to stick with their current company this year, down from 75% of agents in 2023. Meanwhile, Coldwell Banker-affiliated agents showed no significant change in their likelihood to switch companies, with 69% prepared to stay put in 2024 compared to 70% in 2023.

Brokerage 416

Brokerage Agents Branding Technology 416

Inman

MAY 2, 2024

Total revenue declined by 8.3 percent year over year to $78.3 million during the first quarter of 2024, which still bested analysts' expectations for revenue to fall by 9.5 percent.

Brokerage 168

Brokerage Mortgages Marketing 168

Housing Wire

MAY 2, 2024

Things just keep getting better, according to real estate brokers surveyed for the Q2 2024 HousingWire BrokerPulse survey , with 54% who are “optimistic” about the next three months in residential brokerage, compared to some 48% of those surveyed for the Q1 2024 HousingWire BrokerPulse survey who felt the same. The same can’t be said about their optimism over interest rates, where 74% said they would be flat and 22% said they would go down in the next three months, compared to

Brokerage 413

Brokerage Agents Residential Sales 413

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Agents

Inman

MAY 2, 2024

The class action lawsuit filed by plaintiff James Lutz alleges that HomeServices and other members of the National Association of Realtors fixed commissions, which misled buyers and resulted in buyers paying inflated home prices.

Brokerage 157

Brokerage 157

Housing Wire

MAY 2, 2024

Real estate brokerage William Raveis has returned to the acquisitions business. On Thursday, the family-owned firm announced that it had acquired South Carolina -based Carson Realty. The financial terms of the deal were not disclosed. The acquisition comes after William Raveis acquired three other firms last fall. Founded in 2006, Carson Realty serves clients in the South Carolina markets of Hilton Head, Bluffton and Lake Keowee.

Brokerage 358

Brokerage Technology Development Agents 358

Inman

MAY 2, 2024

Cultural economist Mike Green looks at the aftermath of NAR's 2020 apology and what it would take to create a more equitable and inclusive housing market.

Marketing 169

Marketing MLS Brokerage Agents 169

Housing Wire

MAY 2, 2024

Ocwen Financial Corp., parent company of PHH Mortgage Corp. and Liberty Reverse Mortgage , reported an overall improvement in its business performance for the first quarter of 2024 — including better reverse mortgage performance attributed to servicing and higher gains on loans held for sale. Under generally accepted accounting principles (GAAP), Ocwen reported GAAP net income of $30 million or diluted earnings per share of $3.74, which company CEO Glen Messina characterized as the “highest leve

Mortgages 370

Mortgages Branding Equity Loans 370

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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.

Sales

Inman

MAY 2, 2024

Embrace the potential of auctions and understand how to navigate their benefits and risks effectively, new Inman contributor Chad Roffers writes. By doing so, you and your clients can tap into new opportunities and elevate your approach to listing properties.

Brokerage 153

Brokerage Agents 153

RIS Media

MAY 2, 2024

When choosing a dream vacation home or a permanent residence, deciding between a lake house and a beach house is a common dilemma. If you have vacationed and enjoyed both, the decision could be challenging. Sometimes, when vacationing in either location for a short period, you may not think about the long-term consequences of ownership.… The post Lake Home vs Beach House: Pros and Cons of Each appeared first on RISMedia.

Industrial 137

Industrial Agents 137

Inman

MAY 2, 2024

On its quest to reclaim the title of nation's biggest mortgage lender, Rocket didn't sacrifice profits, generating $291 million in net income as revenue grew 107 percent from a year ago, to $1.38 billion.

Mortgages 152

Mortgages Title Marketing 152

RIS Media

MAY 2, 2024

The 30-year fixed-rate mortgage (FRM) averaged 7.22% this week, rising for the fifth-consecutive week and up from last week’s 7.17%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday. This week’s numbers: The 30-year FRM averaged 7.22% as of May 2, 2024, up from last week when it averaged 7.17%.… The post Mortgage Rates Increase for Fifth-Straight Week appeared first on RISMedia.

Fixed-rate mortgage 119

Fixed-rate mortgage Mortgages Marketing Industrial 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

MAY 2, 2024

Opendoor drew $1.2 billion in revenue between January and March, according to first-quarter earnings data released Thursday. The new numbers reflect a tough market, but also some hope for the iBuyer.

Marketing 147

Marketing Technology 147

RIS Media

MAY 2, 2024

ShowingTime+ and Christie’s International Real Estate Group announced an agreement that allows Christie’s agents to provide Listing Showcase®—the AI-powered listing experience only available on Zillow—to home sellers in that tri-state area. Listing Showcase is a listing experience and a real estate marketing solution in one, ShowingTime+ stated. Agents who include Listing Showcase as part of… The post Christie’s International Partners with ShowingTime+ for Listing Showcase® appeared first

Agents 119

Agents As-is Marketing Technology 119

Inman

MAY 2, 2024

Learn more about this managing partner of The Agency Steamboat Springs who also leads a top-producing, award-winning real estate team.

Brokerage 170

Brokerage 170

RIS Media

MAY 2, 2024

Despite ongoing legal woes and a drop in agents, virtual national brokerage eXp reported year-over-year revenue and profit growth in its Q1 2024 earnings report on Wednesday. Transactions also increased 8% to 110,976 year-over-year, the company reported. “During the first quarter, our agents closed over $37 billion of transactions, a 12% year-over-year increase, underscoring eXp’s… The post eXp World Holdings Exceeds Expected Revenue Rate for Q1, but Agent Count Remains Down Year-Over-Year

Agents 118

Agents Brokerage Closing Industrial 118

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

MAY 2, 2024

Fathom Realty has forged two new partnerships with education platform The CE Shop and online marketplace Working Advantage. The partnerships will give Fathom's agents and mortgage loan officers access to exclusive discounts on continuing education courses and lifestyle needs, such as gym memberships and travel.

Loan Officer 143

Loan Officer Loans Mortgages Agents 143

RIS Media

MAY 2, 2024

Charitable giving continues to rise among REALTORS® and REALTOR® associations, according to a new report from the National Association of REALTORS®. The 2024 Community Aid and Real Estate Report (CARE Report) provides insight into the monetary and volunteer contributions of NAR members, broker-owners and AEs or MLS staff. Monthly volunteering and annual monetary donations by… The post REALTORS®’ Charitable Giving and Volunteering Increased Last Year appeared first on RISMedia.

MLS 116

MLS Industrial Agents 116

Inman

MAY 2, 2024

Imaging company Planitar released an update to its iGuide tour experience that encourages buyers to offer contact information and feedback.

Technology 162

Technology 162

RIS Media

MAY 2, 2024

Research consistently shows that the housing sector has a profound impact on the health of the economy and that homeownership offers long-term social and financial benefits. The last decade, in particular, has witnessed property values soaring, causing homeowners to realize unprecedented equity gains. Beyond the fiscal advantages, the societal benefits of owning a home are… The post CRD Connect: Advancing Homeownership appeared first on RISMedia.

Equity 116

Equity Development Industrial 116

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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.

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