Housing Wire

MARCH 26, 2024

Three agents formerly affiliated with Keller Williams Realty — Jerri L. Moulder, David L. Bueker and Robert E. Hill — have taken legal action against the real estate brokerage by filing three separate class-action lawsuits, Inman first reported on Tuesday. The lawsuits contest alterations made to Keller Williams’ profit-sharing program, with one of them seeking a court order to halt further payouts until the case concludes.

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Brokerage Legal Agents Realty 511

Appraisal Buzz

MARCH 26, 2024

Mortgage rates will likely remain “higher for longer” than previously forecast, according to Fannie Mae’s Economic and Strategic Research (ESR) Group. Because the job market remains strong and inflation continues to rise faster than expected, the number of rate cuts by the Federal Reserve could be curtailed later this year. As a result, Fannie Mae has downgraded its expectations for total home sales and mortgage originations in 2024.

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Mortgage Housing Market Marketing Appraisal 396

Housing Wire

MARCH 26, 2024

Mortgage rates rose this week as the yield on the benchmark 10-year Treasury note inched up. As of Monday, the yield on the 10-year U.S. Treasury note was about 4.25%, according to Tradeweb, up from 3.86% at the end of last year. As a result, HousingWire’s Mortgage Rates Center showed the average 30-year fixed rate for conventional loans at 7.16% on Tuesday, up from 7.07% one week earlier.

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Mortgage Inventory Marketing 508

Real Estate News

MARCH 26, 2024

A new report from Realtor.com looks at the cost gap between renting and owning and finds that many markets are now significantly more favorable to renters.

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Marketing 352

Housing Wire

MARCH 26, 2024

Home prices maintained their upward trajectory in the opening month of the year. The S&P CoreLogic Case-Shiller U.S. National Home Price Index posted a 6% annual gain in January, up from a 5.6% gain in December , according to a report released Tuesday. It was the seventh consecutive month of annual price growth and the biggest increase since November 2022.

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Buyers Inventory Housing Market Realtors 493

Real Estate News

MARCH 26, 2024

HomeServices of America’s decertification request was denied, and the case will now shift to other post-verdict motions, including a request for a new trial.

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Real Estate News

MARCH 26, 2024

The Moehrl suit, like Sitzer/Burnett, was filed 4 years ago and has just one defendant left: HomeServices of America, which hasn't chosen to settle.

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Housing Wire

MARCH 26, 2024

Last year might best be described as a risk-prone atmosphere for the single-family rental sector and the related fix-and-flip market. The risky operating environment has been marked by volatile, high interest rates (with 30-year fixed rates now hovering around 7%), high financing costs and moderating rental rates as an influx of multifamily rental properties continues to come online across the country.

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Investors Marketing Inventory Real Estate 482

Inman

MARCH 26, 2024

The Agency's Ben Belack shares his thoughts on NAR settlement news, the current industry landscape and the American Real Estate Association ahead of Season 2 of the popular Netflix real estate reality TV show.

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Real Estate Realtors Agents 198

Housing Wire

MARCH 26, 2024

Since its inception in 1908, the National Association of Realtors (NAR) has undergone a remarkable transformation, with women now accounting for 62% of its membership, according to data for the trade organization. AceableAgent , an online real estate school, surveyed more than 600 female real estate agents near the end of 2023 to understand the motivations and experiences of women in the field.

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Real Estate Real Estate Agent Agents Realtors 476

Inman

MARCH 26, 2024

One of the class-action suits seeks $250 million in damages while the other is asking the court for a preliminary injunction stopping Keller Williams from distributing profit share payments.

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Agents Contracts 197

Housing Wire

MARCH 26, 2024

Ellington Financial , the parent company of reverse mortgage industry lender and servicer Longbridge Financial , announced the successful closing of a new securitization backed by a pool of proprietary reverse mortgages initially originated by Longbridge. The securitization was valued at $208 million and Longbridge will continue to act as the servicer of the underlying assets, according to a company announcement.

Mortgage 468

Mortgage Business Investors Marketing 468

Appraisal Buzz

MARCH 26, 2024

U.S. home prices increased 0.4% on an adjusted basis in January compared with December and were up 6.0% compared with January 2023, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. The index’s 20-city and 10-city composites – measuring home prices in the 20 largest U.S. metros – posted month-over-month increases of 0.1% and 0.2% respectively.

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Appraisal Marketing 195

Housing Wire

MARCH 26, 2024

Just for a moment, let’s imagine a world in which a person purchases a home shortly before a global pandemic. Even though they have a low mortgage rate on their home loan, the pandemic causes unanticipated financial hardships which lead to a decrease in their annual income as well as the necessity of using credit cards for their basic needs. Then, the housing market takes off like a rocket with home values exceeding all expectations.

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Real Estate Law Property Taxes Marketing 459

Appraisal Buzz

MARCH 26, 2024

In a recent reflection on my appraisal business, I want to share an inspiring story about a fellow appraiser who defied market challenges and achieved remarkable success. This individual, relatively new to running their own appraisal business, exemplifies the power of dedication and strategic learning. Amidst a general market slowdown, this appraiser not only weathered the storm but thrived.

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Business Appraisal Investing Development 195

Housing Wire

MARCH 26, 2024

loanDepot has settled a lawsuit filed by a Maryland couple accusing the firm of appraisal bias, ending a case that gained national attention two years ago. Court documents filed on March 22 show that the lender and plaintiffs Nathan Connolly and Shani Mott — the latter a scholar of Black studies at Johns Hopkins University who died March 12 in Baltimore of adrenal cancer — agreed with a voluntary dismissal with prejudice.

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Appraisal Reconsideration of Value Valuation Mortgage Appraisal 454

Appraisal Buzz

MARCH 26, 2024

The total number of U.S. homes for sale climbed 5% during the four weeks ended March 17, the biggest year-over-year uptick since May 2023, according to Redfin. As of March 17, there were roughly 795,645 active listings. There were roughly 88,902 new listings added during that same four weeks – and increase of 15% and the biggest increase since June 2021.

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New Listings Buyers Marketing Inventory 195

Inman

MARCH 26, 2024

The new price point marks a strategy shift for the company, which buys homes in vacation markets, converts them into LLCs and sells shares to up to eight buyers.

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Buyers Marketing Agents 190

Eyes on Housing

MARCH 26, 2024

Consumer confidence held steady in March, with optimism about current conditions offset by concerns about the future economic outlook. This pessimism was primarily driven by persistent inflation, especially elevated food and gas prices. The Consumer Confidence Index, reported by the Conference Board, stood virtually unchanged at 104.7 in March, the lowest level since November 2023.

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Inman

MARCH 26, 2024

The S&P Core Logic Case-Schiller National Home Price Index tallied a 6 percent annual increase in January, reaching its fastest annual rate in more than a year, according to data released Tuesday.

Marketing 188

Marketing Mortgage 188

BiggerPockets

MARCH 26, 2024

Sloppy renovations and corner-cutting maintenance efforts aren’t good enough. As you navigate the world of single-family investing, focus on these five essential elements of due diligence.

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Investing Renovations Investors Real Estate 92

Inman

MARCH 26, 2024

In this hour session Sotheby’s International Realty will explore what has worked for the three brokers to grow their business and drive leads with their online personalities.

Realty 187

Realty Business Marketing 187

BiggerPockets

MARCH 26, 2024

Feeling scared to do your first or next real estate deal?

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Real Estate 91

Inman

MARCH 26, 2024

Austin and Seattle were the friendliest cities for renters as the monthly mortgage payment on a starter home in each of the top 50 cities soared above the average rent by more than $1,000.

Marketing 183

Marketing Mortgage 183

BiggerPockets

MARCH 26, 2024

There are several ways that you may be able to reduce your W-2 taxes with a real estate investment. The type and whether you have an equity or debt investment determines the strategies you will qualify for.

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Real Estate Investing 91

Inman

MARCH 26, 2024

Corcoran Prime is owned and led by Becky Jackson, and the franchise boasts approximately two dozen agents and staff with services across greater Portland, according to an announcement.

Agents 183

Agents Brokerage Marketing 183

Birmingham Appraisal

MARCH 26, 2024

A Different Market I think we can all agree that the real estate market we are currently in, as of the writing of this post, is not the same one we were in from 2020 to 2022. The market dynamics have changed namely interest rates. Prices have held steady and even increased in some areas due to limited inventory. The lack of homes available for sale and the increase in interest rates have resulted in a decline in homes sold in most areas of the country.

Construction 86

Construction Appraisal Process Appraisal Bracketing 86

Inman

MARCH 26, 2024

In his second book, "The Perfect 10," RE/MAX co-founder and Chairman Dave Liniger leans on 50 years at the brokerage's helm to offer keys for leading during moments of intense change.

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Brokerage Agents 180

Mortgagebroker News

MARCH 26, 2024

Could this mean a gentler grip on interest rates?

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GoForrmz

MARCH 26, 2024

Join the live GoFormz Office Hours webinar all about the latest GoFormz features and what’s coming soon. Live on April 9th, 2024, at 11:00 AM PT / 2:00 PM ET, the GoFormz team is happy to share with you all the latest updates to the GoFormz platform. Hosted by VP of Product, Kelsey Griswold, and GoFormz Marketing Manager, Victoria Horn, you’ll get in-depth feature walkthroughs, a sneak peek at the newest features coming soon, and a live Q&A session to cover any GoFormz questions you have.

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Marketing 78

Mortgagebroker News

MARCH 26, 2024

Analyst sees buyers taking time, prices stabilizing after recent declines

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Buyers 83

Birmingham Appraisal

MARCH 26, 2024

A Different Market I think we can all agree that the real estate market we are currently in, as of the writing of this post, is not the same one we were in from 2020 to 2022. The market dynamics have changed namely interest rates. Prices have held steady and even increased in some areas due to limited inventory. The lack of homes available for sale and the increase in interest rates have resulted in a decline in homes sold in most areas of the country.

Construction 77

Construction Appraisal Appraisal Process Bracketing 77

Mortgagebroker News

MARCH 26, 2024

Federal funds aim to accelerate the creation of 150 new homes over next decade

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Lamacchia Realty

MARCH 26, 2024

The Florida real estate market has shifted, and the number of active listings has increased at a much faster rate than the rest of the country over recent months. Condo sales in particular have experienced a significant decline in recent weeks which can be attributed to the ongoing insurance crisis in the state and to the increased association fees and/or added special assessments for condos due to the more stringent regulations resulting from the tragic Champlain Tower Collapse in Surfside, Flo

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Bracketing HOA Sellers Buyers 65