Thu.Mar 20, 2025

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Disaster recovery for mortgage servicers: Navigating crisis with compliance & resilience

Housing Wire

Lessons from California wildfires and other natural disasters Californias wildfires highlighted the chaos that natural disasters continue to unleash not just on homeowners, but also on the mortgage servicers tasked with supporting them and the insurance industry that covers the cost of rebuilding. From wildfires to hurricanes, floods and earthquakes, each crisis tests a servicers ability to manage compliance, borrower support and investor expectations.

Mortgages 333
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CoStar advances talks to purchase REA Group competitor Domain

Inman

CoStar Group and Nine Entertainment have reportedly begun negotiating the acquisition of Domain, the second largest real estate classifieds firm in Australia behind News Corp-owned REA Group. Nines target price is AUD 2.79 billion.

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First-time homebuyers becoming first-time home sellers

Housing Wire

The surge in first-time homebuyers during 2020 has led to a new trend: first-time home sellers. Many who bought during the pandemic are now rethinking their decisions, citing changing lifestyles, financial miscalculations, and shifting market conditions, according to new data from Opendoor. A survey of 1,000 first-time sellers found that 79% regretted aspects of their home purchase, with 91% saying those regrets influenced their decision to sell.

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Good shopping conditions for buyers this spring: Economist

Inman

This week, Windermere Real Estate Principal Economist Jeff Tucker looks at active listings, inflation and mortgage rates, which spell out "a recipe for pretty good shopping conditions for buyers" this spring.

Principal 156
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Welcome to the Future of Hospitality: Smart Rooms Start Here

Speaker: Jady West, VP of Hospitality & Chris Bennett, Head of Sales & Engineering

The modern hotel room is no longer just a place to stay—it’s an experience to remember. Today’s guests expect seamless 5G connectivity, personalized comfort, and high-tech convenience. From AI-powered smart room controls to in-room entertainment and app-based services, technology is redefining hospitality from the inside out. In this new session featuring industry pros Jady West and Chris Bennett, we’ll explore how high-speed, high-bandwidth connectivity powers the innovations that are enabling

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Fix-and-flip activity was down in 2024, but profit margins grew slightly

Housing Wire

The number of home flips across the U.S. fell in 2024, continuing a downward trend as real estate investors grapple with tight profit margins. According to Attom s 2024 U.S. Home Flipping Report, investors flipped 297,885 single-family homes and condominiums last year. That marked a 7.7% decline from 2023 and a 32.4% decline from the recent peak of nearly 441,000 flips in 2022.

FHA loan 326

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Fannie Mae board member with DOGE ties leaves one day after being appointed

Housing Wire

Only 24 hours after a sweeping move to transform the governing boards at the government-sponsored enterprises Fannie Mae and Freddie Mac , a board member with links to Elon Musks business empire and the U.S. DOGE Service who was appointed just the day before has left the board at Fannie Mae. Christopher Stanley, a cybersecurity engineer who has ties to Musks SpaceX , was one of the people appointed to Fannie Maes board following a move by new Federal Housing Finance Agency (FHFA) Director Bill P

Finance 382
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Existing-home sales rebounded in February amid inventory uptick

Inman

As buyers cautiously reentered the market, existing-home sales rose 4.2 percent from January to 4.26 million, according to data released Thursday by NAR. Compared to last year, sales remained down by 1.2 percent.

Sales 135
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eXp World Holdings names Jesse Hill as interim CFO

Housing Wire

eXp World Holdings , the parent company of eXp Realty , announced this week that it has appointed Jesse Hill as its interim chief financial officer. The leadership change is effective April 1 as the current CFO, Kent Cheng, transitions into an advisory role. Hill is a veteran finance leader in the real estate industry. He currently serves as vice president of international finance and corporate financial planning and analysis at eXp Realty.

Finance 352
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Geothermal Hotel Work Continues in Bushwick for Summer Opening

Brownstoner

A 10-story hotel, one of a handful of buildings in Brooklyn and beyond to use geothermal heating and cooling, is progressing in Bushwick, with opening slated for the summer, according to the developers. After years of fits and starts, there is now a full grey concrete building, with large windows… Read More > The post Geothermal Hotel Work Continues in Bushwick for Summer Opening appeared first on Brownstoner.

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The 2025 Real Estate Roadmap to Success

Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

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Frustration builds among retirees over more stringent Social Security rules, office closures

Housing Wire

Retirees and advocates for older Americans are expressing unease and bewilderment at a series of announcements made by the Social Security Administration (SSA). The agency is seeking to implement new in-person identity verification requirements and plans to close more than two dozen field offices across the country, according to CBS News. On Wednesday, SSA announced that any Social Security beneficiary who cannot properly verify their identity using its online service will have to journey to one

Design 305
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How Buying or Selling a Home Helps Your Local Economy

Keeping Current Matters

Whether you’re buying or selling a house, here’s something to think about that most people don’t.

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Single-family rent growth in January puts ‘renewed pressure on renters’

Housing Wire

Rent growth for single-family homes ramped up at the start of 2025, according to a new report by CoreLogic. The data provider’s Single-Family Rent Index showed that rent prices jumped 2.4% during the year ending in January. January’s rent increase is only slightly higher than December’s increase of 2.1%. It’s also slightly lower than the 2.6% growth in January 2024, according to CoreLogic.

Principal 289
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Spring brings mix of gray skies, green shoots for real estate

Real Estate News

Much of the latest economic and market data falls into the "good news, bad news" category, but improved home sales and stable mortgage rates offer hope.

Mortgages 239
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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Blue Ridge Bankshares is selling its mortgage banking division

Housing Wire

Blue Ridge Bankshares Inc. , the holding company for Blue Ridge Bank and BRB Financial Group Inc. , on Thursday announced that Blue Ridge Bank has entered into a definitive asset purchase and sale agreement to sell certain assets of its mortgage division. A press release from Blue Ridge confirmed that the division, currently operating as Monarch Mortgage , is being sold to an unrelated third-party mortgage company.

Banks 293
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The Insider: Bed Stuy Garden Floor Reno Makes Aging in Place Stylish and Social

Brownstoner

Got a project to propose forThe Insider?Contact Cara at caramia447 [at] gmail [dot] com Barry Bordelon and Jordan Slocum, the design team known as the Brownstone Boys, were working corporate jobs in 2018 when they impulsively bought a Bed Stuy brownstone, decided to renovate it themselves, and meticulously documented the process… Read More > The post The Insider: Bed Stuy Garden Floor Reno Makes Aging in Place Stylish and Social appeared first on Brownstoner.

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Rocket is acquiring Redfin’s huge flow of purchase leads. Can the mortgage giant convert them?

Housing Wire

Rocket Companies hopes to close a $1.75 billion deal to acquire resi brokerage and portal Redfin in Q2 or Q3 2025. It seems that everyone in mortgage and real estate has an opinion about Rocket Mortgage ‘s pending $1.75 billion deal for Redfin. At the ICE Experience 2025 conference, the halls of the Wynn casino were replete with downright spicy takes. “ It won’t do much now because their market shares are relatively small, but in a couple years they’re going to have a wal

Mortgages 251
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Existing Home Sales Increased in February

Eye on Housing

Existing home sales in February increased to the second highest level since March 2024, according to the National Association of Realtors (NAR). This rebound suggests buyers are slowly entering the market as inventory improves and mortgage rates decline from recent high in January. Despite rates easing, economic uncertainty may continue to constrain buyer activity.

Sales 90
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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

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eXp welcomes $70M Tim Stout Group team in Georgia

Housing Wire

The Georgia-based Tim Stout Group is making the move to eXp Realty , according to an announcement on Wednesday. The team, which is named after its leader and founder Tim Stout, was previously brokered at True North Real Estate Advisors. He founded the team while at RE/MAX before moving to Keller Williams and then Compass. Stout and his 16 agents, all of whom are making the move to eXp , closed 208 units for over $70 million in volume in 2024, according to the release.

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Weichert® Signs First International Licensee; Expands Brand to Portugal

RIS Media

Weichert Real Estate Affiliates, Inc. (WREA) has announced its international expansion through a licensing agreement with HomeLovers, a real estate company based in Lisbon, Portugal. The partnership marks a milestone as the Weichert brand enters the international residential real estate market for the first time. This is a remarkable milestone for our Weichert organization, said… The post Weichert Signs First International Licensee; Expands Brand to Portugal appeared first on RISMedia.

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HUD rescinds appraisal review policies

Housing Wire

Policies related to appraisal appeals, or reconsiderations of value (ROV), were rescinded Wednesday by the Federal Housing Administration (FHA). While the adoption of a standardized ROV policy was one that real estate appraisers understood and was generally good for appraisers and consumers, the issues associated with appraisal appeals will continue to evolve without the FHA policy, said Bill Garber, director of communications for the Appraisal Institute.

Equity 212
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Women, Wealth and Real Estate: A pathway to financial freedom

Inman

The real estate industry is now opening doors for women like Martice Brumfield to step in and create their own financial futures through ownership, investment and professional careers, Melanie Klein writes.

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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

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Truework launches automated income verification platform

Housing Wire

Truework bolstered its mortgage technology platform by creating a new tool, Truework Intelligence, the company announced on Thursday. The platform will give property managers and mortgage lenders access to a comprehensive, end-to-end verification tool. Truework calls the new and improved platform the first automated and comprehensive income verification tool.

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Defining “Market Value: All The Rage In 2025!

Toronto Realty Blog

TorontoRealtyBlog Here’s a fun story! I purchased a vintage hockey card last month and I think it was a win. It’s really tough to tell in this asset class since the “value” is hard to define. But just to throw some example numbers out there, let me explain… Let’s say that I was offered this card for $10 by a dealer that I know and trust.

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Fairway promotes Amy Slotnick to lead branch optimization efforts

Housing Wire

Fairway Independent Mortgage Corp. on Thursday announced that Amy Slotnick has been promoted to the role of president of national branch optimization for sales. Slotnick has previously served Fairway as a senior vice president and regional sales manager. Her new position will involve implementing new initiatives for loan manufacturing efficiencies throughout the Fairway sales network while continuing to originate loans from her Newton, Massachusetts , location.

Loans 203
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Should I Replace the Water Heater Before Selling My House?

HomeLight

As a home seller, youll face some gray-area decisions about what to fix, replace, or leave as-is. A common question that comes up is Should I replace the water heater before selling my house? If the water heater is working (and not leaking), you might be tempted to ignore it. After all, its not as noticeable as other preparations, like painting or cleaning the carpet.

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The Broker Action Plan for the Post-NAR Lawsuit Landscape

Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

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More listings in the hands of fewer agents

Real Estate News

Following the NAR settlement, top agents are holding an increasing share of listings and capturing more valuable ones.

Agents 173
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Leading Economic Indicators Fall Further, but Headwinds Have ‘Moderated’

RIS Media

The Conference Board Leading Economic Index (LEI), which measures indicators of significant turning points in the business cycle and where the economy is headed in the near term, posted yet another decline for the month of February, to the tune of 0.3%. After a 0.2% decline in January (upwardly revised from 0.3%), the index continued… The post Leading Economic Indicators Fall Further, but Headwinds Have Moderated appeared first on RISMedia.

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Broker Spotlight: Randel Jones, RE/MAX Preferred

Inman

Find out how this collaborative leader and mentor has led his New Jersey brokerage through every type of market shift, from booms to downturns, while adapting, evolving and continuing to grow.

Brokerage 156