Housing Wire
APRIL 22, 2024
After a couple weeks of big jumps for mortgage rates , we’re still seeing relatively surprising strength in the housing market. In fact, some measures of home prices are now at their all-time highs, having surpassed the previous peak of two years ago. We’re watching a few key factors to see if homebuyers are backing off in the face of increased mortgage rates.
Appraisal Buzz
APRIL 22, 2024
Let’s get real for a moment. When that email from an AMC hits your inbox, asking for your best fee and quickest turnaround, do you feel that twinge of annoyance? You’re not alone. A lot of folks in our field are downright peeved (and quite vocal) about the whole bidding process. They see it as a race to the bottom, a game where the only winning move is not to play.
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Housing Wire
APRIL 22, 2024
Josh Team, Howard Tager, and Jonathan Lickstein at HousingWire’s The Gathering 2024. (Photo Credit: AJ Canaria) In the real estate industry, the use of generative artificial intelligence has grown beyond just the composition of marketing copy, leading some to question other potential applications. During a panel discussion at The Gathering by HousingWire on Sunday in Scottsdale, three real estate professionals – LoKation Real Estate COO Jonathan Lickstein, Ylopo LLC co-founder and CEO Howa
Real Estate News
APRIL 22, 2024
The move gives the Homes.com parent company access to a massive amount of digital property information as it looks to strengthen its residential presence.
Housing Wire
APRIL 22, 2024
Scott Wright and Steve Murray of RealTrends Consulting. (Photo Credit: AJ Canaria) Between inflation , an uncertain interest rate environment and legal challenges , the real estate industry is facing unprecedented challenges. While merger and acquisition activity has quieted amid the uncertainty, RealTrends Consulting’s Scott Wright and Steve Murray say now is the perfect time for firms to lay the groundwork for future deals.
Real Estate News
APRIL 22, 2024
Sitzer/Burnett plaintiffs filed preliminary approval docs on Friday, triggering a countdown to opt in to the agreement process outlined by NAR and the courts.
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Real Estate News
APRIL 22, 2024
Plaintiffs in Umpa and Gibson have asked the court to merge the two lawsuits. The antitrust cases cover similar ground and name several of the same defendants.
Housing Wire
APRIL 22, 2024
Even homeowners who have paid off their mortgage may be finding that their available equity is not enough to downsize, according to a story published Saturday by The New York Times. The article also notes that reverse mortgages are a potentially valuable tool for seniors in the current housing environment. Roughly 80% of older adults live in the homes they own, but housing costs and interest rates have combined to create a challenging scenario for some older people seeking to downsize into a mor
Inman
APRIL 22, 2024
As the real estate industry continues to evolve, embracing the transformative potential of AI and blockchain technology to gain a competitive edge.
Housing Wire
APRIL 22, 2024
We’ve researched the best Washington State real estate schools for every budget, schedule, and learning style. From Seattle and Spokane to Redmond and Coastal Washington, our guide will help you choose the best Washington real estate school and course package for your needs. The best real estate classes in Washington will equip you with the knowledge and skills to pass the state exam and confidently begin a new career. 6 best real estate classes in Washington State: At-a-glance First, some basi
Inman
APRIL 22, 2024
Matterport's board of directors unanimously approved the deal, which will be finalized later this year. CoStar purchased its outstanding stock for $5.50 per share, reflecting a value of $1.6 billion.
Housing Wire
APRIL 22, 2024
Last week, Keller Williams was named to an additional class-action lawsuit, which also takes issue with alterations made to the brokerage’s profit-sharing program. In the past few weeks, 12 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 and John Exnicios — took legal action against the real estate brokerage by filing a host of class-action lawsuits
Inman
APRIL 22, 2024
The Utah-based disruptor "moved our real estate agents from W2 to 1099" while other "non-Homie" agents were laid off last week due to "role redundancy," a Homie spokesperson confirmed to Inman.
Housing Wire
APRIL 22, 2024
Earlier this month, California-based multichannel mortgage lender CMG Financial announced that it had acquired Norcom Mortgage ’s retail assets to expand its operations in the Northeast. The deal, however, will not include core members of Norcom’s well-known team of reverse mortgage professionals, including John Luddy , Norcom’s senior vice president of reverse lending.
Appraisal Buzz
APRIL 22, 2024
Ashley Jelinek is the new CEO of Corporate Settlement Solutions (CSS), a regional provider of residential and commercial real estate settlement solutions. With the new appointment, Jerome Jelinek, the company’s founder and CEO, will become chairman. Ashley had been chief operating officer of CSS since 2015. In her new role, she will be responsible for leading the company’s growth initiatives and setting the strategic direction.
Housing Wire
APRIL 22, 2024
Imagine walking into a room teeming with 200 strangers. Scary, right? As an introverted real estate agent and coach, I know firsthand how challenging networking can be. I started Move Over Extroverts to teach other agents how to face their fears and clear this common hurdle. As introverts, being around others drains our energy, and we recharge our energetic batteries in solitude.
Appraisal Buzz
APRIL 22, 2024
Research conducted by STRATMOR Group shows that mortgage lenders using Snapdocs ’ e-closing platform are 18 days faster than industry peers across the loan production timeline—from loan application through delivery to the secondary market. The research is based on self-reported performance data from over 150 mortgage lenders. It shows that lender participants using the Snapdocs e-closing platform averaged only 41.1 days from application to closing and 11 days from closing to shipping—a 26% overa
Housing Wire
APRIL 22, 2024
With home sales still at historically low levels and uncertainty over the commission lawsuits , real estate brokerage executives prize good leads more than ever. Anthony Djon, CEO of Anthony Djon Luxury Real Estate , said his company gets 90% of its leads from listing portals Zillow and Realtor.com. To convert these leads into business, the brokerage developed teams — also called units — headed by captains who are successful agents with high lead conversion rates.
Inman
APRIL 22, 2024
Sitzer | Burnett plaintiffs on Friday asked the court to preliminarily approve the proposed deal. Brokerages and MLSs that were left out initially will have to take action by June 18 to be covered.
Housing Wire
APRIL 22, 2024
Industry veteran Rick Roque has resigned from his position as corporate vice president at retail mortgage lender CrossCountry Mortgage (CCM) to join multichannel player Sierra Pacific Mortgage as executive vice president of retail. The transition was announced on Monday afternoon during a session at The Gathering, HousingWire ’s real estate and mortgage conference held in Scottsdale, Arizona.
Inman
APRIL 22, 2024
Anthony Lamacchia thinks some agents are reading too much into guidance issued by mortgage giants Fannie Mae and Freddie Mac confirming sellers can continue to pay buyer's agents' commissions.
Housing Wire
APRIL 22, 2024
CoStar Group is continuing to focus on expansion. The firm announced Monday that it has acquired 3D scanning company Matterport. The Andy Florance -helmed CoStar purchased all of Matterport’s outstanding shares for $5.50 each, representing a value of $2.1 billion. Through the terms of the deal, stockholders will get $2.75 per share in cash and $2.75 in shares of CoStar Group.
Inman
APRIL 22, 2024
Anxiety around commissions leaped to the top of the worries brokerage leaders face, pushing down concerns around inventory and competition, according to Inman Intel Index survey results.
Housing Wire
APRIL 22, 2024
Just hours after announcing his firm’s acquisition of 3D scanning firm Matterport , CoStar Group CEO Andy Florance took to the stage in Scottsdale, Arizona, at HousingWire ’s annual conference, The Gathering , to discuss the news. “Photography is so 1989,” Florance said. According to Florance, the capabilities Matterport offers real estate agents, which are not just limited to floor plans, will allow homebuyers to view properties without staging or with their own furniture in the property.
Eyes on Housing
APRIL 22, 2024
Green homes go beyond lessening their environmental impact; they also actively mitigate the effects of the environment upon them. All homes can face damage from environmental hazards, prompting builders to implement resiliency practices to reduce such risks. This post will detail the prevalence of resiliency building, specific practices by hazard, as well as resiliency certification.
Housing Wire
APRIL 22, 2024
Remote online notarization (RON) platform Proof , formerly known as Notarize , has launched Proof Certificates, which aims to enhance certainty and security surrounding the identity of online notaries. A digital certificate is like a unique private key assigned to an individual and enables notaries to digitally sign a document using cryptography. If a digital certificate falls into the wrong hands, however, it can lead to fraud and potentially significant financial losses and liability.
Inman
APRIL 22, 2024
Rodland Real Estate, which operates across the archipelago, provides clients a private members portal with access to off-market properties. With the network Rodland has built over the years, the firm is particularly well-suited to aid newcomers to The Bahamas.
Eyes on Housing
APRIL 22, 2024
A recent NAHB study on home buyer preferences* found that a single-family detached home remains the first purchase option for two of every three buyers. Far smaller shares are looking to buy a townhome (16%), a multifamily home (10%), or a manufactured home (5%).
Inman
APRIL 22, 2024
The web and mobile application offers users exceptionally in-depth information on the one global resource that can no longer be produced — land.
Appraisal Buzz
APRIL 22, 2024
Angel Oak Capital recently announced its fourth securitization of 2024, bringing its total issuance for the year to approximately $1.4 billion. The four securitizations have a combined average FICO score of 741, an average loan-to-value ratio of 71.4% and a debt-to-income ratio of 32.4%. The senior tranche for all four securitizations received a rating of AAA by Fitch.
Inman
APRIL 22, 2024
The couple bought the home in an off-market transaction in January 2023, months after the previous owner passed away. The plot is located across the street from the home of Schwarzenegger's mother, Maria Shriver.
BiggerPockets
APRIL 22, 2024
The U.S. is facing a housing deficit of about 3.2 million units, and the situation is especially dire in urban areas like New York.
Inman
APRIL 22, 2024
Find out how newlywed, outdoor enthusiast and former CPA Billy Davidson has launched his career — and what he plans to do next.
BiggerPockets
APRIL 22, 2024
For real estate investors, the question of cash flow versus appreciation is as old as time. However, in an era of high interest rates, buying properties for cash flow isn’t easy.
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