Housing Wire

JANUARY 18, 2024

Lights, camera, lawsuit! A copycat commission lawsuit has been filed in Los Angeles. The suit, known as Fierro, after its lead plaintiff Gael Fierro, a Californian home seller, accuses the real estate industry of colluding to artificially inflate real estate agent commissions. It was filed on Wednesday in U.S. District Court in Los Angeles. Patrick Thurber, a California home seller, is an additional named plaintiff in the suit.

Realtors 533

Realtors Brokerage Real Estate Realty 533

Real Estate News

JANUARY 18, 2024

Lower rates are good news for buyers, but increased demand could further erode limited inventory.

Inventory 312

Inventory Mortgage Buyers 312

Housing Wire

JANUARY 18, 2024

Mortgage rates continued their descent this week to mark their lowest level since May 2023, welcome news for homebuyers who have been waiting on the sidelines for rates to drop. The 30-year fixed-rate mortgage averaged 6.6% as of Jan. 11, a decrease from last week’s 6.66%, according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday.

Mortgage 532

Mortgage Inventory Retail Construction 532

Real Estate News

JANUARY 18, 2024

A jury ruled in September that Zillow was not deceptive in the way it displayed non-MLS listings.

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Housing Wire

JANUARY 18, 2024

Despite lower mortgage rates , housing starts ended the year on a downturn, after posting a large monthly gain in November. New construction starts fell to a seasonally adjusted annual rate of 1.460 million units, down 4.3% month over month, according to a report released Thursday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD).

Construction 488

Construction Real Estate Housing Market Buyers 488

Real Estate News

JANUARY 18, 2024

The latest case, which focuses on Los Angeles, lists 35 defendants including the largest MLS in the U.S., major brokerages and two dozen associations.

Brokerage 290

Brokerage 290

Real Estate News

JANUARY 18, 2024

Defendants in the Gibson case — which no longer includes Hanna — were also denied a request for a delay on Wednesday.

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Housing Wire

JANUARY 18, 2024

Wire and title fraud risk reached an all all-time high in Q4 2023 with 51.8% of transactions having issues that led to a risk of wire and title fraud, according to FundingShield ‘s quarterly report. On average, problematic loans had 2.2 issues per loan indicating the lack of appropriate controls by closing agents to identify and fix issues. With the fourth quarter traditionally being the highest risk quarter of the year for fraud, 2023 was no exception with higher-than-average findings acr

Valuation 468

Valuation Real Estate Business Technology 468

Inman

JANUARY 18, 2024

Fannie Mae economists no longer expect a recession and are considerably more optimistic that mortgage rates have additional room to come down below 6 percent.

Mortgage 199

Mortgage Marketing 199

Housing Wire

JANUARY 18, 2024

Japanese homebuilder Sekisui House, Ltd. has struck a deal to acquire its U.S.-based peer M.D.C. Holdings, Inc. in an all-cash transaction that values the target at $4.9 billion, the companies announced Thursday. The acquisition turns Sekisui into the fifth largest homebuilder in the U.S as it expands the company’s presence to 15,067 combined home closings across 16 states.

New Listings 452

New Listings Housing Market Inventory Sellers 452

Inman

JANUARY 18, 2024

With its new Power Players list, Inman recognizes 137 industry leaders for their power and influence as it kicks off a year of expanded awards.

Real Estate 197

Real Estate Brokerage Agents Mortgage 197

Housing Wire

JANUARY 18, 2024

Closing software provider Qualia is accusing a former employee and startup title production software firm Settlor of stealing trade secrets. In a lawsuit filed on Tuesday in U.S. District Court in Denver, Qualia claims that its former senior manager of product at Resware Krista Myers , who is now a product manager at Settlor, secretly stole data from Qualia before she resigned from her position.

Contracts 448

Contracts Government Business Marketing 448

Inman

JANUARY 18, 2024

As many as 80 percent of agents are using AI to do things like write listing descriptions, but real estate leaders also have concerns about "guardrails" for the tech.

Real Estate 193

Real Estate Agents Technology 193

Housing Wire

JANUARY 18, 2024

Ted Tozer, former president of Ginnie Mae during the Obama administration and current president Alanna McCargo’s most recent Senate-confirmed predecessor, applauded the news that the company is looking into the development of a new Home Equity Conversion Mortgage (HECM)-backed Security (HMBS) product. Announced earlier this week as a part of a broader effort to introduce more liquidity into reverse mortgage-backed securities, the new product would enable the acquisition of loans from an HMBS poo

Development 448

Development Government Insurance Mortgage 448

Eyes on Housing

JANUARY 18, 2024

The NAHB/Westlake Royal Remodeling Market Index (RMI), a measure of sentiment among professional remodelers, for the fourth quarter posted a reading of 67, increasing two points compared to the previous quarter. Remodelers’ sentiment was quite positive at the end of 2023, when seasonally adjusted for the slowdown that invariably occurs during that part of the year.

Marketing 187

Marketing 187

Housing Wire

JANUARY 18, 2024

Dark Matter Technologies , formerly Black Knight Origination Technologies, is gearing up to bring more lenders on to use its Empower loan origination system in 2024. The firm is primarily focused on creating an application programming interface (API) marketplace where Dark Matter Technologies can collaborate with developers on automation and cutting expenses for third-party vendors and lenders.

Technology 446

Technology Marketing Architecture Clients 446

Inman

JANUARY 18, 2024

In his latest Snapshot profile, Brandon Doyle looks at the career of Sunny Lake Hahn, traces her real estate journey and shares her best advice.

Business 187

Business Real Estate Agents 187

Housing Wire

JANUARY 18, 2024

HousingWire Editor in Chief Sarah Wheeler sat down with Jim Butler, chief technology officer at Stavvy , to talk about moving real estate from paper to a digital transaction, how the company is using AI, and the vibe you get working with industry experts. Previously, Butler served as CTO of HqO, an employee experience platform for commercial office buildings, and CTO of Global Supply Platforms for Verizon Media.

Technology 344

Technology Real Estate Architecture Investing 344

Inman

JANUARY 18, 2024

Trend could bode well for the spring homebuying season, the Mortgage Bankers Association said Wednesday, but Fed may take its time before cutting rates.

Mortgage 183

Mortgage Marketing 183

Eyes on Housing

JANUARY 18, 2024

In a sign that lower mortgage rates continue to boost the housing market, single-family production surpassed the million mark for the second straight month in December. According to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau overall housing starts fell 4.3% in December. The seasonally adjusted annual rate was 1.46 million units following.

Housing Market 179

Housing Market Development Mortgage Marketing 179

Inman

JANUARY 18, 2024

The duplex at Central Park Tower marks one of the rare deals in New York City that has commanded nine figures in recent years. When it was first listed in early 2023, the unit asked $175 million.

Contracts 183

Contracts Development Marketing 183

BiggerPockets

JANUARY 18, 2024

Snowbird season is coming to THESE real estate markets.

Marketing 92

Marketing Real Estate 92

Inman

JANUARY 18, 2024

Attorney and new Inman Contributor Rachel Streitfeld examines how changes to Florida's zoning laws could free up vast tracts of land for high-density new home construction.

Law 183

Law Construction Real Estate Agents 183

BiggerPockets

JANUARY 18, 2024

Want to learn how to buy a house in 2024? Whether you have outstanding credit or your score could use a little work, there are different ways to buy.

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Inman

JANUARY 18, 2024

Culture can make or break the experience of your team members or agents. The Agency's Rainy Hake Austin offers tips for optimizing its power.

Business 176

Business Agents Brokerage 176

Mortgagebroker News

JANUARY 18, 2024

This will compensate for the market deceleration seen last year

Investing 78

Investing Marketing 78

Inman

JANUARY 18, 2024

MV Realty was under scrutiny for deceiving homeowners in financial distress into signing exclusive listing agreements that lasted 40 years in exchange for cash.

Realty 173

Realty Brokerage Real Estate Agents 173

Boston Appraisal

JANUARY 18, 2024

The post Let’s embark on a journey to know about Boston’s Neighborhoods appeared first on Boston Appraisal Services.

Appraisal 78

Appraisal 78

Inman

JANUARY 18, 2024

Find out how this luxury specialist is achieving record sell-outs of high-end developments throughout South Florida and motivating her teammates to achieve the extraordinary.

Development 173

Development Brokerage 173

Empire Appraisal Group

JANUARY 18, 2024

Parkland Market update, YTD and Q3 2023 For over 20 years we have been providing real estate valuation services to Parkland and the rest of Broward County. We specialize in setting an accurate listing price for your home whether you are selling for sale by owner or using an agent, we value the marital home for divorce / dissolution of marriage, for estates we can provide the properties value as of the date of death, for immigration purposes as part of an affidavit of support, trusts, guardians

Marketing 78

Marketing Valuation Real Estate Agents 78

Inman

JANUARY 18, 2024

The Federal Trade Commission has ordered Ganadores Real Estate to refund consumers after making false real estate coaching and mentoring promises. The group charged $28,000 per student and promised six-figure returns.

Real Estate 172

Real Estate Investing 172

GoForrmz

JANUARY 18, 2024

Embracing digital transformation is the key to manufacturing success in 2024 Few industries are as privy to the rapid changes in technology as the manufacturing industry is. These businesses are also well aware that staying ahead of digital trends is crucial for them to succeed and thrive in 2024. Embracing manufacturing technology and the ongoing digital transformation in manufacturing are paramount, with key digital trends shaping the industry within the upcoming year.

Technology 78

Technology Supply Chain Business Training 78

Inman

JANUARY 18, 2024

When New Mexico builder Abrazo Homes named its floor plans after iconic historical women, it ignited a social media firestorm. Here's why using celebrities and cultural figures without permission to market your business is such a bad idea.

Marketing 172

Marketing Business Construction Brokerage 172

Boston Appraisal

JANUARY 18, 2024

The post Let’s embark on a journey to know about Boston’s Neighborhoods appeared first on Boston Appraisal Services.

Appraisal 78

Appraisal 78