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The latest real estate commission lawsuit is the scariest of them all

Housing Wire

The filing also claims that due to industry-wide collusion, agents steer their buyers to properties with larger compensation offers or higher overall price tags in order to receive a larger payout, which the complaint says hinders “innovation and entry by new and lower-cost real estate brokerage service providers.”

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Housing Market Tracker: A notable drop in inventory

Housing Wire

Does that mean we are heading back to all-time lows in inventory again for 2023? Then rates rose toward the end of the year to back over 6.5% : that rise in rates could have facilitated the weaker purchase application data in the past two weeks. The housing market saw inventory fall 4% last week from the week before. 30, 2022-Jan.

Marketing 541
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What Does ‘Under Contract’ Mean on a Home Listing?

HomeLight

In this post, we’ll explain the “under contract” listing status tag. We’ll also share expert insights on how this tag and others might impact your homebuying plans. If the value comes back under the contract price , and the seller won’t come down on price or meet the buyers halfway, the buyers can walk away from the deal.

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How one lender is solving problems in the fix-and-flip space

Housing Wire

The company has created a new vertical of loans and an entirely new LOS designed just for borrowers looking to purchase a home and renovate it to put back on the market. Acra Lending is looking to solve these challenges and make fix-and-flip lending simpler and more efficient for borrowers, lenders and brokers.

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Reinventing lead generation with the Qualified Borrower program

Housing Wire

Unfortunately, purchased leads are expensive, and their lofty price tag does not guarantee they will convert to closed loans. The companies’ investment in innovation is paying off by giving lenders a better, more inclusive way to fill their pipelines with early-stage, mortgage-ready purchase leads.

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RON’s competitive advantage in today’s housing market

Housing Wire

RON allows borrowers to complete their closing from anywhere at any time, giving them the freedom to live their lives with minimal disruption, especially in the unfortunate, but not unlikely, cases when closings must be rescheduled. For lenders looking to remain competitive, it’s not just about offering the lowest rates in town.

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What Does ‘Active Offer No Bump’ Mean on a Home Listing?

HomeLight

In your search for the perfect home, you may come across listings tagged as “Active Offer No Bump.” In residential real estate, a bump clause is a provision in a home sale contract that gives the seller certain rights, particularly when they’ve accepted a contingent offer. But what does Active Offer No Bump mean?