Housing Wire
APRIL 25, 2024
Pending home sales increased by 3.4% in March compared to February despite rising mortgage rates , according to data released Thursday by the National Association of Realtors (NAR). Sales were essentially flat compared to one year ago. NAR’s Pending Home Sales Index increased to 78.2 in March, up from 75.6 in February and good for its highest reading in a year.
Real Estate News
APRIL 25, 2024
In a conversation with Real Estate News, Dr. Courtney Johnson Rose of NAREB discussed the pros and cons of the recent settlement and upcoming rule changes.
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Housing Wire
APRIL 25, 2024
The majority of respondents to a recent Zillow survey said they have experienced discrimination in housing, with racial minorities and members of the LGBTQ+ community among the groups reporting fair housing issues at even higher rates. Zillow surveyed more than 12,000 adults across 26 U.S. metro areas in March and April to gain a “comprehensive understanding” of the fair housing landscape.
Real Estate News
APRIL 25, 2024
Even as interest rates and prices keep rising, new and pending home sales have ticked up.
Housing Wire
APRIL 25, 2024
The U.S. Department of Housing and Urban Development (HUD) on Thursday detailed a series of actions and initiatives it has undertaken to bolster climate resiliency while supporting green housing initiatives that stem from Inflation Reduction Act funding and recently announced plans to combat the effects of extreme heat. HUD highlighted actions taken to advance climate resiliency, energy efficiency, carbon reduction, environmental justice considerations and interagency partnerships to address the
Real Estate News
APRIL 25, 2024
During the T3 Leadership Summit, the eXp founder discussed some of his early challenges, the need for internal disruption, and his international ambitions.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Real Estate News
APRIL 25, 2024
Revenue and agent count dipped slightly, but the company highlighted the strength of its Sotheby’s brand and its progress toward a $100 million savings goal.
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 called the listing agent and it was listed three hours ago, but it was sold,” the Cincinnati, Ohio -based eXp Realty agent said.
Inman
APRIL 25, 2024
The Gibson and Umpa cases allege Berkshire Hathaway Energy, eXp, Redfin, Weichert, United Real Estate, Douglas Elliman, HomeSmart and others conspired against homesellers nationwide.
Housing Wire
APRIL 25, 2024
The way that someone refers to the concept of diverse communities in their interactions with consumers and housing professionals can be a key indicator about their mindset. Antiquated terminology should be checked and minimized for anyone who wants to keep up with the times. That was one of the messages shared by Mosi Gatling, senior vice president of strategic growth and expansion at New American Funding (NAF), during a session at The Gathering by HousingWire held in Scottsdale, Arizona, this w
Appraisal Buzz
APRIL 25, 2024
Pending home sales increased 3.4% in March compared with February and were up 0.1% compared with March 2023, according to the National Association of Realtors (NAR). Regionally, the Northeast, South and West posted monthly gains in transactions while the Midwest recorded a loss. Lawrence Yun, chief economist for NAR, says pending home sales in March marked “the best performance in a year, but it still remains in a fairly narrow range over the last 12 months without a measurable breakout.
Housing Wire
APRIL 25, 2024
Keller Williams was named to an additional class-action lawsuit on Thursday that, like other recent cases, takes issue with alterations made to the brokerage’s profit-sharing program. In the past few weeks, 13 agents formerly affiliated with Keller Williams — Jerri Moulder, David Bueker, Robert Hill, Kevin Ortiz, Edward Fordyce, Paul Davis, Penny Alper, Jana and Dennis Caudill, Eric Mendoza, Jack Levine, John Exnicios and Michael Devlin — took legal action against the real estate brokerage by fi
Appraisal Buzz
APRIL 25, 2024
The average rate for a 30-year fixed-rate mortgage increased to 7.17% as of April 25, up from 7.10% last week and up from 6.43% the same week one year ago, according to Freddie Mac’s Primary Mortgage Market Survey. “Mortgage rates continued rising this week,” says Sam Khater, chief economist for Freddie Mac, in a statement. “Despite rates increasing more than half a percent since the first week of the year, purchase demand remains steady.
Housing Wire
APRIL 25, 2024
Anywhere Real Estate felt the brunt of the challenging housing market again in the first quarter of 2024 as the company reported a loss of $101 million during the three-month period. It generated $1.1 billion in revenue in the first quarter of 2024, which was flat on a year-over-year basis. But transaction volume increased by 2% during the three-month period, marking the first annualized increase in two years.
Appraisal Buzz
APRIL 25, 2024
In a move that marks a significant leap forward in the trading landscape of off-screen securities, Agile , which brings mortgage lenders and broker-dealers onto a single electronic platform, has launched electronic bidding for the fourth month in the To-Be-Announced mortgage-backed securities (TBA) market. The addition of electronic bidding for fourth month securities ushers in a new era of efficiency, the company says in a release.
Housing Wire
APRIL 25, 2024
Nathan Knottingham, COO at Vetted VA , announced the launch of a new mortgage continuing education provider, MLO Force , from the stage at HousingWire’s The Gathering this week. The company, operated by 20/20 Vision for Success Coaching , will be led by Knottingham as CEO and video producer Sawyer Jones. The aim is to leverage the pair’s experience in content, training and digital production to make required NMLS training more fun, Knottingham said.
Inman
APRIL 25, 2024
The deal will make Movoto the sole provider of some GreatSchools data. It also comes as portals compete to differentiate themselves.
Housing Wire
APRIL 25, 2024
Independent mortgage banks ( IMBs ) and mortgage subsidiaries of chartered banks lost an average of $1,056 on each loan they originated in 2023, down from an average loss of $301 per loan in 2022, according to data released Thursday by the Mortgage Bankers Association (MBA). This was the largest loss recorded in the 15 years that MBA has tracked production data. “ Mortgage lender financial results worsened in 2023 with the average net production loss moving to 37 basis points from losses of 13 b
Inman
APRIL 25, 2024
Find out how award-winning Houston broker-owner Nancy Almodovar differentiates her service and elevates her agents at Nan and Company Properties.
Housing Wire
APRIL 25, 2024
Real estate technology company reAlpha Tech Corp. launched Claire, a generative artificial intelligence -powered, zero-commission buyers’ agent chatbot, the company announced on Wednesday. Claire boasts a conversational interface to guide users through every step of the homebuying journey, from property search to deal closing. The tool helps match buyers with the ideal property while providing insights into market trends and property values.
Inman
APRIL 25, 2024
When it comes to your personal brand, coach Darryl Davis writes, it's a case of say what you mean, and mean what you say about service.
Housing Wire
APRIL 25, 2024
Taylor Stork, president of the Community Home Lenders of America, speaks at The Gathering by HousingWire on Wednesday, April 25, 2024. Photo credit: AJ Canaria It was initially billed as a discussion centered on the “biggest threats to a healthy mortgage landscape for homebuyers,” but some breaking news disrupted some of those plans. The Consumer Financial Protection Bureau (CFPB) expanded its war on “junk fees“ to encompass mortgage servicing minutes before a session at The Gathering by Housing
Inman
APRIL 25, 2024
Local Logic's specific location-based marketing smarts will elevate the search experience for partners of Homegenius, a Radian company.
Housing Wire
APRIL 25, 2024
Older adults and people with disabilities are often prone to financial distress, and they may require more resources to better understand their circumstances and options, according to a new report from the Government Accountability Office (GAO). Among a series of 24 examples of federal financial literacy programs for these groups, the U.S. Department of Housing and Urban Development (HUD)’s Home Equity Conversion Mortgage (HECM) counseling program was cited as an example.
Inman
APRIL 25, 2024
Generated revenue remained flat at $1.1 billion from the same period a year ago while the franchisor improved net losses by 27 percent year over year to a loss of $101 million, according to a Thursday earnings call.
Housing Wire
APRIL 25, 2024
Real estate brokerage eXp Realty has added industry veteran Wendy Forsythe to its leadership team. On Thursday, the firm announced that Forsythe was joining eXp as its new chief marketing officer. According to the release, in this role, Forsythe will be responsible for building the firm’s marketing strategies and global initiatives, working to expand the company’s brand visibility.
Inman
APRIL 25, 2024
The 4,650-square-foot home is also being listed for $7.5 million by Adam Modlin of the Modlin Group. Bidding is expected to begin around $1.75 million to $3.75 million.
Housing Wire
APRIL 25, 2024
Kristen Sieffert, president of Finance of America Reverse, speaks during The Gathering by HousingWire on Monday, April 21, 2024. Photo credit: AJ Canaria Reverse mortgages became an unexpectedly prominent topic during certain parts of The Gathering by HousingWire , held earlier this week in Scottsdale, Arizona. The reverse lending industry’s most prominent attendee — Kristen Sieffert of Finance of America Companies (FOA), parent company of industry-leading lender Finance of America Reverse (FAR)
Inman
APRIL 25, 2024
Growing and scaling a team is one of leadership's most challenging yet rewarding aspects. Side's Manny Solis shares insights to consider when examining your own leadership style.
Eyes on Housing
APRIL 25, 2024
Housing’s share of the economy rose to 16.1% in the first quarter of 2024. The share remained below 16% for all of 2023 at 15.9% in each of the four quarters. This increase to above 16% marks the first-time housing’s share of GDP is above 16% since 2022. In the first quarter, the more cyclical.
Inman
APRIL 25, 2024
Four months after taking the helm at coaching firm Chirag Shah Coaching, Wendy Forsythe has re-entered the brokerage world as the chief marketing officer for eXp Realty. As CMO, Forsythe will spearhead eXp's marketing strategy, which includes brand management, advertising, digital marketing and public relations.
BiggerPockets
APRIL 25, 2024
Is a six-figure salary enough to achieve FIRE?
Inman
APRIL 25, 2024
Rising home prices and mortgage rates stifled pending home sales in February, according to the National Association of Realtors on Thursday. The Pending Home Sales Index, which is a forward-looking indicator based on contract signings, was 75.6 in February. The maximum score on the scale is 100, which represents the contract activity seen in 2001. February's performance marks a 7 percent annual decline; however, it is a slight improvment from the previous month (+1.6 percent).
BiggerPockets
APRIL 25, 2024
Want to scale your real estate portfolio faster? These investment property loans can help. Most real estate investors get stuck early on in their journey.
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