Housing Wire

JUNE 4, 2024

“The data is derived from information collected by real estate data provider MMI, MLS data, and public records, enhanced with NAF Cash data engineers’ detailed work and analysis,” the company explained. The buyer then rents the new home while working on selling their old home or securing financing for the new one.

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Finance MLS Investor Design 415

Housing Wire

JUNE 3, 2024

The core skills of Roof AI revolve around functions such as searching for properties, finding an agent and starting the mortgage financing process. “We We chose Roof AI for its seamless integration with the MLS. The company’s stated mission is to equip industries with top-tier tools to reclaim market control both online and offline.

Technology 437

Technology Sales Pre-approval MLS 437

Housing Wire

DECEMBER 5, 2023

The National Association of Realtors (NAR) has a new chief marketing and communications officer. The trade group announced Tuesday that Suzanne Bouhia would lead NAR’s marketing and communications group starting Dec. With more than 25 years of experience, Bouhia is a marketing and communications veteran.

Marketing 427

Marketing MLS Branding Industrial 427

Housing Wire

DECEMBER 23, 2022

This article is part of our 2022-23 Housing Market Forecast series. The red-hot housing market of the past 2 ½ years was characterized by sub-three percent mortgage rates, fast-paced bidding wars and record-low inventory. But more recently, market conditions have done an about-face. Midwest metros like Minneapolis, St.

Marketing 407

Marketing Fixed-rate mortgage MLS Mortgages 407

Housing Wire

DECEMBER 27, 2023

District Court in Arizona against Arizona Regional MLS and Wisconsin -based Metro MLS. The lawsuit also names MLS Aligned , the parent company of showing platform Aligned Showings. Metro MLS will also end its ShowingTime integration in Feb. Zillow Group acquired ShowingTime in 2021.

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MLS Agents Industrial As-is 492

Housing Wire

SEPTEMBER 7, 2023

Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.12% as of Sept. Rates should continue to come down from their peaks, as the inflation and the jobs market are cooling, said Bright MLS Chief Economist Lisa Sturtevant.

Mortgages 446

Mortgages Fixed-rate mortgage Marketing MLS 446

Housing Wire

MAY 5, 2023

announced on Thursday that the Optimal Blue product, pricing and eligibility engine (PPE) has added investor content from 54 state-based housing finance agencies (HFAs). With the Optimal Blue PPE’s extensive network of HFA content, lenders using the platform will now have access to more diverse financing options for their clients.

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Investor Finance MLS Closing costs 383

Housing Wire

NOVEMBER 28, 2023

year over year in Q3, according to the Federal Housing Finance Agency (FHFA) House Price Index. Home-price growth expected to slow in Q4 High mortgage rates combined with a typical seasonal slowdown will limit the number of buyers on the market in Q4, Bright MLS Chief Economist Lisa Sturtevant said in a statement. in September.

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Principal MLS Finance Mortgages 469

Housing Wire

JULY 26, 2023

“New home sales continue to be an outsized share of the housing market ,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement. The market for new homes is booming because the number of existing homes coming on the market has slowed to a two-decade low.

Sales 370

Sales New Construction Marketing Construction 370

Housing Wire

APRIL 17, 2024

The latest findings from Relitix’s Agent Movement Index (AMI) for March 2024 reveal a nuanced landscape in the real estate sector, with shifts in agent activities suggesting stabilizing and evolving market conditions. This stabilization is possibly linked to a resurgence in property sales, hinting at a more buoyant housing market ahead.

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Agents MLS Brokerage Industrial 417

Housing Wire

MARCH 1, 2023

Through this API integration, users can populate MLS and non-MLS rate flyers in a short period of time using “real-time, scenario-specific mortgage offers” delivered through Polly’s cloud-native Product and Pricing Engine (PPE), according to a prepared statement.

MLS 370

MLS Loan Officer Technology Loans 370

Housing Wire

SEPTEMBER 13, 2023

Additionally, the partnership comes off the heels of a $13 million Series B financing for Local Logic in August. Local Logic also plans to continue expanding strategic partnerships with broker sites and MLS organizations. Combining our efforts will drive a new level of innovation in the industry.”

Residential 437

Residential MLS Investor Technology 437

Housing Wire

DECEMBER 8, 2023

Educate your clients about financing While many homebuyers can benefit from a 30-year, fixed-rate conventional mortgage , other borrowers might need access to other loan programs with more lenient guidelines. In today’s market, having a preapproval, at the minimum, is a must. What steps must they take to achieve loan commitment?

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Inspection contingency Proof of funds Inspection MLS 427

Housing Wire

MARCH 15, 2024

Meanwhile, trade groups representing lenders believe that more details on the settlement are needed to understand its coming impact on the housing market. He said he’s also interested in seeing where homes will be listed since they will no longer be required to be in the MLS system.

Industrial 501

Industrial Seller concession Purchase and sale agreement Agents 501

Housing Wire

FEBRUARY 21, 2024

With market uncertainty, real estate agents had been sticking with their current brokerage., As confidence in the 2024 housing market grows, so does agent’s confidence in their ability to make a move to a new broker. The index is calculated using national-level data from a large sample of the nation’s most prominent MLS systems.

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Brokerage Agents MLS As-is 446

Housing Wire

JANUARY 25, 2024

According to court documents filed on Wednesday, The PLS.com (the “P” stands for property and not pocket), has reached a settlement agreement with Bright MLS , Midwest Real Estate Data and California Regional Multiple Listing Service. Originally filed in May 2020, the lawsuit takes aim at NAR’s ban on pocket listings.

MLS 427

MLS Agents As-is Marketing 427

Housing Wire

MARCH 28, 2024

They asked the federal officials to “provide guidance to market participants that will ensure these new arrangements will continue to be supported by” FHA and GSE underwriting standards. Sellers or buyers can pay the buyer’s agent’s fees.

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VA loan Closing costs MLS Loans 446

Housing Wire

DECEMBER 12, 2023

The lawsuit was filed by Christina Grace, who sold a house listed on Bay Area Real Estate Information Services MLS (BAREIS MLS) in April 2020 and paid a commission to the buyer’s agent. Grace is seeking class action status for the suit, with the proposed class being any homeowner who listed and sold a home on BAREIS MLS between Dec.

MLS 446

MLS Brokerage Agents Industrial 446

Housing Wire

JANUARY 18, 2024

The two MLSs named in the suit California Regional MLS and Combined L.A./Westside Westside MLS. In the complaint, the plaintiffs take aim at NAR’s Participation Rule, which requires listing brokers to make a blanket offer of compensation to buyers brokers in order to list a property on a NAR-affiliated MLS.

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MLS Brokerage Agents As-is 530

Housing Wire

JUNE 12, 2024

“It is extremely unlikely that the Fed will cut rates, but the committee will release its updated economic projections, the so-called dot plot, which will likely show that the Fed is now expecting just two interest rate cuts in 2024,” Lisa Sturtevant, the chief economist at Bright MLS , said in a statement. “As

MLS 436

MLS Mortgages As-is Finance 436

Housing Wire

JUNE 11, 2024

The VA said it will develop a more permanent policy “as the real estate brokerage market restabilizes and new practices take hold.” ” The circular is effective Aug. 10, 2024, and is valid until rescinded. ” The VA also clarified that veterans can still ask sellers to cover these fees.

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VA loan Loans Brokerage MLS 515

Housing Wire

MAY 21, 2024

Michelle Corridon, deputy policy director at the VA, announced at the Mortgage Bankers Association ‘s Secondary & Capital Markets Conference in New York that the circular would be issued between now and June 12. The circular would be issued while the agency engaged in a formal rulemaking process.

VA loan 515

VA loan Agents MLS Loans 515

Housing Wire

MAY 3, 2024

The Federal Reserve ’s Federal Open Markets Committee (FOMC) maintained its short-term interest rate steady at a range of 5.25% to 5.5% A slowing labor market can be both good and bad for the U.S. housing market, Lisa Sturtevant, chief economist at Bright MLS , observed. “A

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MLS Marketing Mortgages Sales 461

Housing Wire

MAY 15, 2024

Although market asking rents have slowed and are even declining in some markets according to data like the Realtor.com March Rental Report, it takes some time for this to be reflected in overall shelter cost trends,” Realtor.com Chief Economist Danielle Hale, said in a statement. The shelter component of the CPI came in at 5.5%

Construction 462

Construction MLS Investor Mortgages 462

Housing Wire

FEBRUARY 13, 2024

During the last Federal Open Market Committee meeting, Fed officials reiterated their will to cut rates later this year if inflation stays under control. ” Bright MLS Chief Economist Lisa Sturtevant expects the Fed to cut rates later this year and forecasts mortgage rates to come down. When will the Fed start cutting rates?

MLS 446

MLS Finance Mortgages Closing 446

Housing Wire

AUGUST 22, 2022

“Our mission is to help homeowners unlock their home equity to better manage their finances – whether it’s for home renovations, paying for tuition, debt consolidation, or other events to support your family and life’s great adventures,” Schacknies said in a social media post. Schacknies stepped down.

Equity 370

Equity MLS Renovation Loans 370

Housing Wire

APRIL 4, 2022

Educate your outreach by keying into shopping behavior and you can empower your mortgage marketing in the new year. Market outlook. The refinance boom of 2021 has given way to the purchase market of 2022. Not only is the market pendulum swinging from refinance to purchase, but we are also seeing a marked shift in who is buying.

Mortgages 383

Mortgages Marketing Equity MLS 383

Housing Wire

JANUARY 25, 2024

25, an increase from last week’s figure of 6.60%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday. Given this stabilization in rates, potential homebuyers with affordability concerns have jumped off the fence back into the market,” Freddie Mac chief economist Sam Khater said in a statement.

Mortgages 417

Mortgages Fixed-rate mortgage MLS Banks 417

Housing Wire

AUGUST 23, 2023

Building activity continues to be buoyed by a strong and steady demand, but there could be a shift underway in the housing market, warns Bright MLS Chief Economist Lisa Sturtevant. are likely to price out many prospective homebuyers this fall, and inventory , which is beginning to tick up in many markets.

Sales 370

Sales MLS Finance Mortgages 370

Housing Wire

OCTOBER 25, 2023

In response, Blefari said that HomeServices does not require agents to become NAR members nor participate in the MLS. “Maybe the local company or the MLS does, but we don’t,” Blefari testified. He refused to provide evidence about the purpose of the rule, but he admitted the rule was a core component of the MLS.

MLS 417

MLS Agents Brokerage As-is 417

Housing Wire

OCTOBER 20, 2023

Another known fact is that at least one firm, Redfin , which gets over 50 million unique visitors on its website each month and offers discounted listing and lower-cost buy-side commissions, is available in most of the metropolitan markets in the United States. Despite that, it has less than 1% market share of all transactions.

MLS 427

MLS Brokerage Agents Industrial 427

Housing Wire

AUGUST 18, 2023

Even in a hot seller’s market, there is aspirational pricing. Secret #2 Sometimes, especially in a low-inventory market, your potential seller client may know about comparable sales you didn’t capture. The average days on the market You should know this stat for properties like your subject property.

Pre-qualification 370

Pre-qualification New Construction MLS Construction 370

Housing Wire

DECEMBER 20, 2023

Sales were subdued in 2023 because of high mortgage rates and a lack of inventory Overall, Lisa Sturtevant, chief economist at Bright MLS, expects to see 4.1 Higher rates and lack of resale inventory dampened the housing market in 2023. According to Bright MLS’ forecasts, there will be 4.6 10, averaging 6.95% as of Dec.

Sales 427

Sales Fixed-rate mortgage MLS Mortgages 427

Housing Wire

FEBRUARY 22, 2024

When the Department of Justice (DOJ) revealed last week the changes it would like to see in how real estate agents and brokers are compensated through its statement of interest filed in the MLS Property Information Network commission lawsuit , few in the real estate industry were surprised by the agency’s desire to decouple commissions.

Industrial 417

Industrial MLS FHA loan Agents 417

Housing Wire

OCTOBER 16, 2023

At the crux of the case is the allegation that commission rates are too high, it’s unfair that the seller pays the buyer’s agent’s commission, and that the National Association of Realtors’ (NAR) Code of Conduct and MLS Handbook lead to set pricing. ” What’s at stake?

MLS 454

MLS Brokerage Agents Residential 454

Housing Wire

MARCH 25, 2024

There is simply a new NAR rule that applies to all NAR member and NAR MLSs that does not allow cooperative compensation to be offered on the MLS.” Department of Veterans Affairs (VA) financing. “A “Cooperative compensation is still legal,” Papasan stressed. There is a ton of incentive for them to make sure it changes,” Papasan added.

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Purchase and sale agreement Agents Seller concession MLS 437

Housing Wire

JUNE 5, 2024

The market is their playing field—unpredictable and full of challenges. Know Your Market Inside and Out Study the market relentlessly on a daily basis. Focus on areas that are desirable, turn over at a reasonable rate, have low average days on the market, and a good average sale price. Know it better than anyone else!

Pre-approval 416

Pre-approval Fixed-rate mortgage New Construction Loans 416