Housing Wire

MAY 8, 2024

Because of an apparent error made by staff at ICE Mortgage Technology ‘s Surefire customer relationship management (CRM) platform, more than 600,000 emails and texts were sent without permission to real estate agents, business partners and past clients of loan officers around the country. “We were in the dark for way too long.

Clients 448

Clients Real Estate Agent Technology Loan Officers 448

Housing Wire

MAY 10, 2024

The National Association of Realtors’ (NAR) board of directors voted to leave member dues unchanged in 2025. The vote occurred Thursday during the final day of NAR’s midyear conference, the Realtors Legislative Meetings, according to Inman , which first reported the story. million for the first time since May 2021.

Realtors 397

Realtors Finance Agents Legal 397

Housing Wire

DECEMBER 18, 2020

And it’s a trend that is only going to get worse, as real estate company Redfin reports that hot housing markets in major southern cities , including Austin, will become less affordable in 2021. in November, bringing the average home price up to $433,493. Additionally, residential sales increased by 28.8% last month.

Realtors 476

Realtors Inventory Housing Market Real Estate 476

Housing Wire

NOVEMBER 8, 2023

Known as Batton 2, after the lead plaintiff Mya Batton, the lawsuit accuses Compass , eXp World Holdings , Redfin , Weichert Realtors , United Real Estate , Howard Hanna and Douglas Elliman of conspiring to artificially inflate agent commissions, resulting in elevated home-buying costs.

Real Estate 459

Real Estate Realtors Sellers Agents 459

Housing Wire

OCTOBER 2, 2024

Top Agent Network (TAN) is not backing down in its antitrust lawsuit against the National Association of Realtors (NAR). NAR is the only defendant in the newest version after the plaintiff filed a voluntary dismissal of the San Francisco Association of Realtors , which was originally named as one of the defendants.

Agents 434

Agents Realtors Sellers Brokerage 434

Housing Wire

DECEMBER 6, 2023

Similar to the other commission lawsuits, the latest two take aim at the National Association of Realtors’ Participation Rule, which requires the listing broker to make a blanket offer of compensation to the buyer’s broker to list the property on the MLS. 4, 2019 and the present. These allegations are absurd.

Realty 459

Realty Realtors Brokerage Real Estate 459

Housing Wire

FEBRUARY 8, 2024

As a real estate agent, you may think clients should care more about their next home than your life story. And while that may be true, well-crafted real estate agent bios can build trust and credibility and serve as a powerful tool in an agent’s marketing arsenal — giving prospective clients.

Real Estate Agent 435

Real Estate Agent Real Estate Agents Clients 435

Housing Wire

DECEMBER 10, 2020

The Des Moines housing market has had a record-setting year for home sales, which local Realtors credit to low mortgage rates, the work from home phenomenon and Des Moines’ affordable lifestyle. Stewart also said her clients want acreage and bigger yards because everyone is inside at home, working or schooling.

Housing Market 468

Housing Market Marketing Inventory Realty 468

Housing Wire

OCTOBER 23, 2023

In the motion, HomeServices claimed that no evidence has been presented to show they conspired with the National Association of Realtors (NAR) and other brokerages on rules for commissions. According to Warner, the module that mentions commissions had just 138 views in 2020 and 2021, combined, among HomeServices’ 51,000 agents.

Law 459

Law Agents Realtors Contracts 459

Housing Wire

JANUARY 27, 2023

The majority of lenders easily lost half of the volume last year that they originated in 2021, and LOs who have their own databases to tap into are highly sought after. Under the revamped mode, business development officers build relationships with real estate agents to get leads and client advisors take incoming leads from borrowers.

Lending 418

Lending Real Estate Agent Loan Officers Retail 418

Housing Wire

AUGUST 1, 2024

He founded Delhougne Realty Group in 2021. Joining eXp helps the group mitigate risks related to being independent in a rapidly changing industry environment spurred by the $418 million settlement that the National Association of Realtors agreed to in a class-action antitrust lawsuit filed in Missouri. ”

Realty 430

Realty Brokerage Agents Design 430

Housing Wire

SEPTEMBER 18, 2023

Updates from the 2022 FBI Internet Crime Report Other key insights from the 2022 FBI report include: A 49% surge in losses due to cybercrime since 2021, totaling $10.3 In July 2022, a family in Charlotte received an email from their Realtor (or so they thought) instructing them to wire $400,000 to complete their escrow payment.

Real Estate 459

Real Estate Clients Realtors Business 459

Housing Wire

OCTOBER 31, 2023

He is a 20-year member of the National Association of Realtors and has served on his local Realtor association’s board of directors, budget committee, grievance committee, professional standards committee and scholarship committee. It seems we are headed toward a future where each agent will be paid by their own client.

Real Estate 448

Real Estate Realtors Agents Buyers 448

Housing Wire

AUGUST 16, 2024

I was going through my newsletters last week to Realtors and told them to watch for the headlines,” said Geoff Black, senior loan originator at Guild Mortgage. “It Refinance activity today is nowhere close to the levels seen during the COVID-era refi boom of 2020 and 2021.

Business 468

Business Loan Officers Mortgage Buyers 468

Housing Wire

NOVEMBER 7, 2023

Additionally, Compass posted a 98% principal agent retention rate for the quarter —the second-highest retention rate since the company went public in April 2021. Compass also requires their agents to ensure buy-side clients sign buyer-broker agreements. Reffkin cited the Seattle market as reason for optimism.

Agents 435

Agents Real Estate Agent Realtors Brokerage 435

Housing Wire

APRIL 26, 2021

Suspicious real estate agents and rival brokerage heads in California will worry that the deal could funnel general information about California home sales to Compass thanks to a recent partnership Glide announced with the California Association of Realtors. The Zillow suit was settled in 2019, and the Realogy lawsuit is still pending.

Agents 397

Agents Brokerage Real Estate Agent Realtors 397

Housing Wire

JULY 24, 2024

Indianapolis-area Realtor Annie Caruso, a founding member of Circle Real Estate, had a buyer coming from the Chicago area for just these reasons. Realtors in the area say that buyers who were trying to wait out the high rate environment are choosing to accept that current rates are simply the new normal.

Marketing 448

Marketing Realtors Buyers Property Taxes 448

Housing Wire

JANUARY 21, 2022

Hunt was set to take his licensing exam in October 2020 only to have California go back into lockdown, forcing him to wait until March 2021 to finally take it. The cramming paid off and Hunt officially became a licensed real estate agent in March 2021, joining the Eureka-based brokerage, California Real Estate. million members.

Agents 397

Agents Real Estate Agent Real Estate Clients 397

Housing Wire

JUNE 21, 2021

According to the Knoxville Area Association of Realtors , the number of houses for sale in 2020 was down 47.5% But broker Renee Humme, with Prime Mountain Properties , said the lower property taxes, mountains and surrounding scenery, and low cost of living are the main draws for most of her clients. year-over-year.

Housing Market 459

Housing Market Marketing Realtors Inventory 459

Housing Wire

NOVEMBER 17, 2021

2021 RealTrends Team Profitability Study. Teams of all sizes have average gross margins more than double the average of brokerage firms when compared to data from the 2021 RealTrends 500 top brokerage firms and RTC Consulting benchmarking data. In the 2021 RealTrends Team Profitability Study , we answer that question.

Real Estate 397

Real Estate Brokerage Agents Advertising 397

Housing Wire

MARCH 31, 2022

By focusing on its clients and their processes, WFG helps compress the time required to close a loan and/or transfer real property ownership. DecisionPoint instant title decisioning has provided a boost for WFG clients by reducing application to close times and loan fall-out.

Real Estate 418

Real Estate Human Resources Technology Insurance 418

Housing Wire

DECEMBER 20, 2022

This falls well below the landmark $1 billion he reached in 2020 and 2021. Forecasting another purchase market in 2023, Nguyen started using his proprietary software for something new – to pursue relationships with realtors. “I Nguyen: We built some features to support realtors. We build relationships with existing clients, too.

Business 74

Business Retail Realtors Loan Officers 74

Housing Wire

NOVEMBER 20, 2024

The current mortgage market starkly contrasts with the booming years of 2020 and 2021. Ultimately, long-term success hinges on having the right tools to streamline your processes and enhance productivity for both your clients and business partners. Who are the top realtors in the area? I want that for you, too. The last quarter?

Marketing 370

Marketing Loan Officers Realtors Business 370

Housing Wire

MARCH 8, 2024

Altos Research’s Market Action Index score for the county, which has 70 municipalities, illustrates the challenges agents and their clients have faced. I was able to bring my clients to multiple listings for their consideration, but now I can only show them one or two in a given week. as of March 6, 2024. “We

Housing Market 468

Housing Market Buyers Agents Marketing 468

Housing Wire

JANUARY 14, 2022

Appraisers, like many other service providers, must adapt to market changes to accommodate their clients’ needs. This data clearly illustrates the issue: Appraisal volume exceeded the high-water mark of 700,000 monthly submissions to the appraisal data warehouse on multiple occasions in 2021. 2022 Outlook for volume.

Appraisal 435

Appraisal Marketing Valuation Mortgage 435

Housing Wire

JANUARY 9, 2023

New initiatives, which include providing verified approval letters by underwriters for prospective buyers, aim to assist brokers in building relationships with realtors in a purchase mortgage-focused market, Fawaz said. “As For 2023, mortgage products that focus on “affordability” will continue to receive love from borrowers, Fawaz said.

Retail 468

Retail Mortgage Clients Buyers 468

Housing Wire

APRIL 25, 2024

Monika DeRoussel was in a meeting, away from her phone and email, when a client messaged her that a property in their price range and desired neighborhood had a for-sale sign in the yard. When the meeting concluded, DeRoussel quickly reached out to the seller’s agent to see if her client could get in for a tour, but it was too late. “I

Buyers 459

Buyers Marketing Inventory Investors 459

Housing Wire

MARCH 1, 2023

“Through this expansion, we’re solidifying our commitment to our realtor and tax partners in a larger capacity nationwide,” Lee Trice, U.S. In 2021, Opteon acquired the appraisal firm The William Fall Group , along with Valuation Partners and Summit Valuation Solutions.

Appraisal 397

Appraisal Valuation Technology Real Estate 397

Housing Wire

OCTOBER 14, 2022

Jessica Lautz is the vice president of Demographics and Behavioral Insights for the National Association of Realtors’ Research group. She was also named a 2021 HousingWire Woman of Influence. NAR Research : (@NAR_Research) The National Association of Realtors is the country’s largest trade association, with more than 1.5

Housing Market 497

Housing Market Marketing Real Estate Finance 497

Housing Wire

OCTOBER 19, 2021

While 2021 volume is expected to slow somewhat, the purchase market appears to be on pace to surpass refinances, the MBA said. For most of our clients, the current focus is on profitability and finding the right operating model for today’s market; however, no one wants to compromise on customer experience either.

Business 397

Business Technology Clients Training 397

Housing Wire

FEBRUARY 11, 2022

This advertising strategy, among a handful of others, has helped the LO connect with Russian-speaking Realtors and win the business of borrowers from former Soviet countries. “I Borrowers have called me from seeing my advertising in the stores and a couple of Realtors, too.”. trillion in 2021. trillion in 2021.

Marketing 418

Marketing Real Estate Agent Loan Officers Advertising 418

Housing Wire

SEPTEMBER 22, 2022

I go into real estate offices and Realtors have zero listings for the week,” said the LO, who requested anonymity to protect the business of her partners. “I One of Gelbman’s clients, who has been on the market for at least a year, was priced out in 2021 due to “overbidding.”

Mortgage 397

Mortgage Loan Officers Inventory Retail 397

Housing Wire

JUNE 10, 2021

HousingWire: Why is non-QM so important for originators to utilize in 2021? It was projected in Q4 of 2020 that refinance volume would be cut in half in 2021 and we are definitely seeing the slowdown. The only way to do that is to be ingrained in local communities, knowing our clients and understanding their challenges.

Clients 397

Clients Business Mortgage Investors 397

Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. About 40% of his business came from refis in the summer of 2021 even when his focus was on purchase mortgages his entire career. But the boom times are over, and he knows it.

Housing Market 468

Housing Market Marketing Brokerage Real Estate 468

Housing Wire

SEPTEMBER 22, 2022

With the rate for a 30-year mortgage 300 basis points higher than 2021, the buyer of a median-priced home this week is facing a monthly payment that is 66% higher than the same week in 2021, Ratiu noted. million units last month from July, according to the National Association of Realtors (NAR). Existing home sales are down 19.9%

Mortgage 448

Mortgage Loan Officers Buyers Inventory 448

Housing Wire

SEPTEMBER 30, 2022

An LO in the Miami, Florida area told HousingWire that on a $400,000 home purchase, with 5% down, a 700 FICO score, his clients are being quoted 7% for conventional loans and 6.125% on FHA and VA mortgages. It’s now possible to buy a home for $400,000 that would have sold for $500,000 in 2021.”.

Buyers 482

Buyers Mortgage Loan Officers Retail 482

Housing Wire

FEBRUARY 10, 2023

Kechian – who was Scotsman Guide ’s eighth top LO in 2021 – saw demand for mortgages triple after the first week of January compared to a month ago as mortgage rates declined and people adjusted to seeing rates at 6%-levels. But of course, we have a lot of clients that move out of condos once they have kids and get married.

Marketing 370

Marketing Inventory Loan Officers Buyers 370