Housing Wire
AUGUST 2, 2024
Job creation continued to slow in July as unemployment spiked, which economists say is good news for the Federal Reserve and the housing industry. Data from the U.S. Bureau of Labor Statistics released on Friday shows that total nonfarm payroll rose by 114,000 jobs in July, below analysts’ expectations, and well below the average of monthly gain for the past 12 months of 215,000 jobs.
Real Estate News
AUGUST 2, 2024
Redfin reports that the typical commission for buyer agents slipped to 2.55% ahead of the August 17 deadline for rule changes related to the NAR settlement.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Housing Wire
AUGUST 2, 2024
The typical U.S. home seller pays a 2.55% commission to the real estate agent hired by their buyer, down from an average of 2.62% in January, according to a Redfin analysis of MLS data. In other words, the March 2024 settlement between the National Association of Realtors (NAR) and plaintiffs in the Sitzer-Burnett case has likely already begun to push down commissions in markets across the country.
Real Estate News
AUGUST 2, 2024
Move Inc. lawyers said that a former employee who went to work for CoStar accessed Realtor.com’s proprietary calendar containing future plans for articles.
Advertisement
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.
Housing Wire
AUGUST 2, 2024
A new sponsored episode of the HousingWire Daily podcast — hosted live from the 2024 HousingWire AI Summit — features Editor in Chief Sarah Wheeler in conversation with CoreLogic data experts Amy Gromowski and Anand Singh. Gromowski, the company’s head of data science, and Singh, the vice president of GenAI property insights, discussed the importance of data in the development of artificial intelligence and offered advice for companies that wish to integrate AI into their business processes.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
AUGUST 2, 2024
For real estate professionals, the business practice changes outlined in the National Association of Realtors ’ (NAR) nationwide commission lawsuit settlement agreement —which are set to go into effect on Aug. 17 — are top of mind. But when it comes to the financial performance of their brokerages, industry analysts don’t believe the changes will be the end-all, be-all.
Inman
AUGUST 2, 2024
Jobs reports trigger recession fears, sending rates on 30-year fixed-rate mortgages plunging to new 2024 lows as investors rotate out of stocks and into bonds.
Housing Wire
AUGUST 2, 2024
Two lenders based in New Jersey have struck an M&A deal. OceanFirst Bank N.A. is acquiring Garden State Home Loans Inc. , which will become a new division for the regional depositary bank, HousingWire has learned. Garden State’s president and CEO, Justin DeJoseph, emailed employees on July 25 to announce the transaction. In the message reviewed by HousingWire, DeJoseph wrote that by becoming part of a larger organization, Garden State gains access to a “national lending platform, greater res
Inman
AUGUST 2, 2024
Carroll appeared before LA Superior Court judge Francis Bennett II on Tuesday following his July 1 arrest by LAPD and agreed to waive his rights to be present for court dates in the future.
Advertisement
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.
Housing Wire
AUGUST 2, 2024
Fintech software and hardware provider Mortgage Automation Technologies is launching The BIG Agent , a transaction management platform for real estate brokers and agents. In an announcement on Friday, Mortgage Automation Technologies said the platform is being launched from the same loan origination system solutions that facilitated the implementation of the Dodd-Frank Act and the TILA-RESPA Integrated Disclosures (TRID).
Inman
AUGUST 2, 2024
Residential portal behemoth Zillow has settled its antitrust lawsuit against Arizona Regional Multiple Listing Service, Multiple Listing Service, Inc., over discontinuing its integration with ShowingTime+ in favor of MLS Aligned's listing platform.
Housing Wire
AUGUST 2, 2024
HighTechLending , a California -based top-10 reverse mortgage lender, announced on Friday that it is rebranding its wholesale lending division to American Senior Lending Wholesale Division in an effort to better align its identity with key business lines designed to serve older borrowers. To get a better idea of what led to the rebranding initiative, HousingWire ’s Reverse Mortgage Daily (RMD) sat down with Eric Ellsworth, the company’s executive vice president of sales, and Rich Walker, its vic
Inman
AUGUST 2, 2024
For about the last four years, home price growth in the overall market outpaced growth in the luxury sector every month. But since January 2024, that trend has reversed, Zillow reported.
Advertisement
BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.
Housing Wire
AUGUST 2, 2024
Santa Ana, California-based mortgage services and data firm Consolidated Analytics announced on Friday that it has acquired the assets of investor claims and loss-analysis company Investor Claim Solutions (ICS). Consolidated Analytics is a private company and terms were not disclosed. The company stated that the acquisition will help it improve its overall market position as a mortgage industry services provider.
Inman
AUGUST 2, 2024
The Federal Trade Commission (FTC) is distributing $12 million in payments to customers caught in a real estate house-flipping scheme operated by Zurixx, LLC.
BAM Media
AUGUST 2, 2024
Leo Pareja, CEO of eXp, just contacted BAM to share the news: its agent toolkit for sellers is officially live. If you watched the BAM breaking livestream , in which Pareja set the record straight on his company’s position on commission sharing, you know by now that this is very good news for agents and their seller clients. With less than three weeks before NAR’s settlement agreement practice changes go into effect, many are still waiting for finalized forms and guidance from their brokerage
Inman
AUGUST 2, 2024
Home prices and sales have declined as the demand from all buyers, including investors and buyers interested in building homes, has cooled, according to a report from CoreLogic.
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.
RIS Media
AUGUST 2, 2024
Yesterday, Opendoor, the largest and oldest iBuyer, announced its financial results for the second quarter of 2024, also addressing recent settlements and the impacts on buyer agents and sellers. In the wake of recent settlements, investors asked Opendoor CEO Carrie Wheeler about the impact on the company as a result of new buyer agent contracts… The post Opendoor CEO Says Commissions Already Falling Ahead of Settlement Changes appeared first on RISMedia.
Inman
AUGUST 2, 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.
HomeLight
AUGUST 2, 2024
You have equity in your home and need cash. But a traditional home equity loan won’t work for you because you can’t afford more monthly payments, or your credit score won’t allow it. A home equity sharing agreement might be the solution you need. This unique financing option lets you unlock money from your home’s equity without the burden of monthly loan payments.
Inman
AUGUST 2, 2024
Tyler Mount, a three-time Tony award winner and marketing company founder with career billings of $7 billion did not mince words when he talked about the importance of authenticity at Inman Connect Las Vegas.
Advertisement
Strategic real estate professionals know that the name of the game right now is to stay informed, adaptable, and ready to make confident decisions. In this free download, Inside Real Estate CEO, Joe Skousen, shares what he believes are the top 4 most impactful actions in real estate right now. We've been actively engaging with industry experts, analyzing data, and listening intently to the experiences of our agents on the ground.
Bigger Pockets
AUGUST 2, 2024
The American Housing and Mobility Act would use estate tax increases to incentivize development. Private equity, lenders, and homeowners are caught in the crossfire.
Inman
AUGUST 2, 2024
The multi-family residence sold on July 31 for $21.5 million. The couple purchased the home in 2011 for $12.7 million.
RIS Media
AUGUST 2, 2024
Above, Brian Buffini Forget everything you knew about how real estate worked in the past. That was then, and this is now. Gone are the days of real estate being an easy living to earn quick cash for minimal effort. Economic shudders compounded by recent court rulings and a landmark legal settlement on how real… The post A New Designation for the New Rules of Real Estate Engagement: Introducing the Certified Full-Service Professional appeared first on RISMedia.
Inman
AUGUST 2, 2024
Redfin's latest report revealed the average buyer's agent's commission percentage has declined in 47 of the 50 largest markets since the National Association of Realtors' March settlement. However, robust home prices have yielded small gains in commission dollar amounts.
Advertisement
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.
Bigger Pockets
AUGUST 2, 2024
NIMBYs, YIMBYs, and the struggle that's resulted in a housing crisis unlike we've ever seen. The real story of today's housing market goes back several decades.
RIS Media
AUGUST 2, 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. – The Federal Reserve announced that they are continuing to keep rates steady and are again making no changes at the latest FOMC meeting on Wed., Aug. 31. Inflation has cooled, however it is yet… The post Mortgage Mix: Incoming Rate Cut Reflected in Recent Data appeared first on RISMedia.
Eye on Housing
AUGUST 2, 2024
Mortgage rates continued to decrease in July, landing at an average rate of 6.85%. According to Freddie Mac, the average monthly rate fell by 7 basis points (bps) from June’s rate of 6.92%. This current rate is nearly identical to the rate from one year ago, which stood at 6.84%. The 15-year fixed-rate mortgage also.
Expert insights. Personalized for you.
473 
Let's personalize your content