Housing Wire

OCTOBER 3, 2024

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. It’s almost that time of year! The leaves are starting to turn, kids are back in school, and the fall real estate market is in full swing. We have only three months until the end of the year, so if you’re looking to close a few more deals and fill your pipeline for the spring, the time to put in the work is now.

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Appraisal Buzz

OCTOBER 3, 2024

Following the Federal Reserve ‘s 50 basis point reduction in the jumbo rate in September, mortgage rates significant fell to a 24-month low, prompting sellers to move. The Realtor.com 2024 September Housing Report states that actively listed properties increased by 34.0%, while newly listed homes increased by 11.6% over the previous September. This represents a major reversal from the 0.9% fall in August 2024.

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Marketing New Listings Sellers Advertising 418

Housing Wire

OCTOBER 3, 2024

The real estate industry illuminati believe that mortgage rates dropping below 6% will get housing markets moving again, but there’s growing evidence that the recent decline in rates is already doing so. Redfin ’s Homebuyer Demand Index — which measures homebuyer requests for agent services like home tours — was up 9% month over month at the end of September, hitting its highest level since April.

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Mortgage Housing Market Insurance Agents 466

Appraisal Buzz

OCTOBER 3, 2024

According to a new Redfin analysis, in the first eight months of 2024, only 25 out of every 1,000 U.S. homes changed hands, representing the lowest turnover rate in decades. Further data found that some 31% fewer homes were sold this year than in the final pre-pandemic year of 2019 (36 of every 1,000), and 37.5% fewer homes were sold this year than during the peak of the pandemic buying frenzy in 2021 (40 of every 1,000).

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HOA Property Taxes Advertising Real Estate Agent 397

Housing Wire

OCTOBER 3, 2024

Seniors often face a range of emotions when the discussion of downsizing to a different home arises. (Image generated by AI through Midjourney While many older homeowners often entertain the idea of downsizing into a smaller home to better accommodate natural changes to mobility in later life, this doesn’t mean the decision is an easy one for either the senior or their family.

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Renovations Business Mortgage Finance 465

Appraisal Buzz

OCTOBER 3, 2024

First American Financial Corporation , a provider of title, settlement and risk solutions for real estate transactions, has published a data-driven analysis of the vital role that the title insurance industry plays in protecting the smooth functioning of the real estate economy in the United States. Authored by First American Chief Economist Mark Fleming , “ What Is the Risk of Not Curating Property Ownership Records?

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Insurance Real Estate Valuation Real Property 384

Real Estate News

OCTOBER 3, 2024

In its latest consumer guide, the association offers general education about MLSs while alluding to the ongoing debate over its Clear Cooperation Policy.

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Sellers 317

Housing Wire

OCTOBER 3, 2024

The game plan is not to survive until 2025. The executives in this session are rising above and operating from a growth mindset. They have decades of experience with receipts to show their approach works, and they’re going to share their hard-earned wisdom with our audience. Watch the full session below. To go back to the full IMB Summit on demand page, go here.

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Real Estate News

OCTOBER 3, 2024

Mortgage rates remain relatively low, and buyer activity, including home tours and mortgage purchase applications, are up.

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Buyers Mortgage 290

Housing Wire

OCTOBER 3, 2024

On the RealTrending podcast produced by HousingWire , host Tracey Velt chats with San Antonio-based Realtor Jessica Conrad in the final installment of JPAR Real Estate ’s four-part Settlement Strategy Playbook series. Conrad discusses best practices for transparent conversations between listing agents and sellers, the value of educating sellers on the new buyer agent compensation agreements , and ways to show your value as a professional agent.

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Sellers Agents Training Clients 444

Real Estate News

OCTOBER 3, 2024

A total of nine brokerages have settled in the Gibson/Umpa case, but objectors balk at damage amounts and cite concerns over the impact on homebuyer claims.

Brokerage 264

Brokerage 264

Housing Wire

OCTOBER 3, 2024

SitusAMC has struck a deal to sell a majority stake of two subsidiaries focused on mortgage risk management to investment firm VineLight Venture. The terms of the agreement were not disclosed. The transaction involves the loan insurance firm Securent Risk Retention Group along with its data, brokerage and services business, Risk and Insurance Services.

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Mortgage Insurance Brokerage Investing 443

Real Estate News

OCTOBER 3, 2024

Dana Shipley brings brokerage as well as MLS experience to REcolorado; MoxiWorks hires its first CMO as it eyes expansion to mid-market and agent customers.

Brokerage 264

Brokerage Agents Marketing 264

Housing Wire

OCTOBER 3, 2024

The reverse mortgage industry could begin seeing some benefits of lower interest rates , but endorsement volume and securities issuance largely continued its trend from the prior month. Home Equity Conversion Mortgage (HECM) endorsements fell by 2.1% from August to September, with 2,153 loans endorsed along with an increase in Federal Housing Administration (FHA) case number assignments issued.

Mortgage 441

Mortgage Finance Marketing Lending 441

Appraisal Buzz

OCTOBER 3, 2024

Mortgage rates increased slightly for a second week, as the average rate for a 30-year, fixed-rate mortgage climbed to 6.12%, up from 6.08% last week, according to Freddie Mac’s Primary Mortgage Market Survey. A year ago at this time, the average rate for a 30-year was 7.49%. “The decline in mortgage rates has stalled due to a mix of escalating geopolitical tensions and a rebound in short-term rates that indicate the market’s enthusiasm on rate cuts was premature,” says Sam Khater, chief economi

Mortgage 195

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Housing Wire

OCTOBER 3, 2024

Homebuyers in Illinois have filed yet another commission lawsuit. The newest suit was filed Sept. 26 in U.S. District Court in Chicago by plaintiffs Dawid Zawislak and Michael D’Acquisto against Equity Realtors , HomeSmart International and Fathom Realty. While the National Association of Realtors (NAR) was not named as a defendant in the suit, it was listed as a co-conspirator along with several Realtor-owned MLSs.

Realtors 437

Realtors Real Estate Sellers Agents 437

Inman

OCTOBER 3, 2024

A "culture of fear and retaliation" has damaged eXp World Holdings' image, goodwill and monetary performance amid several sexual assault lawsuits, two shareholders claim in a suit filed Wednesday.

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Realty Brokerage 183

Housing Wire

OCTOBER 3, 2024

William Chang is stepping down from his roles as chief capital markets officer at PennyMac Financial Services and chief investment officer for PennyMac Mortgage Investment Trust , the company announced Thursday. Industry veteran Mark Elbaum will succeed him. Chang, who joined the company in 2012, will “pursue other interests in the mortgage banking industry” after leaving on Oct. 11.

Marketing 434

Marketing Investing Mortgage 434

Eyes on Housing

OCTOBER 3, 2024

With housing being a key issue for the 2024 election cycle, it is worth analyzing distinct characteristics as well as similarities that housing markets in congressional districts share. The differences start with a substantial variation in homeownership rates across congressional districts. While the 2023 American Community Survey (ACS) reports that close to two thirds of.

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Housing Market Marketing 179

Housing Wire

OCTOBER 3, 2024

EasyKnock , which offers sale-leaseback solutions to homeowners, announced a legal victory in Texas on Wednesday as it was awarded more than $153,000 by an arbitrator. The company has been fighting legal battles on multiple fronts through a series of consumer-initiated lawsuits and actions by regulators in several states. The arbitrator’s decision, issued in U.S.

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Legal Law Property Taxes Contracts 429

Inman

OCTOBER 3, 2024

John L. Scott and Real Estate One reach settlement agreements in antitrust commission lawsuit filed in Missouri.

Brokerage 178

Brokerage Real Estate Agents Marketing 178

Housing Wire

OCTOBER 3, 2024

What began as a legal battle between two companies that previously worked together on a Keller Williams technology platform has recently expanded to include industry veteran Josh Team. A lawsuit that was originally filed in early February in the Tarrant County District Court of Texas accuses the former KW president of receiving millions of dollars in illegal “kickbacks” while serving as the franchisor’s chief innovation offer.

Contracts 428

Contracts Legal Technology Real Estate 428

Inman

OCTOBER 3, 2024

The Tracy Tutor Team founder told Inman about her recent transition into Texas, market challenges and her thoughts on hot-button industry issues like the Clear Cooperation policy.

Marketing 174

Marketing Agents 174

Housing Wire

OCTOBER 3, 2024

In today’s digital marketing landscape, Pay-Per-Click (PPC) advertising has emerged as a powerful tool for real estate and mortgage businesses seeking immediate visibility and results. According to recent studies, businesses make an average of $2 in revenue for every $1 spent on Google Ads, highlighting PPC’s potential to drive growth and profitability.

Advertising 427

Advertising Tools Real Estate Investing 427

Inman

OCTOBER 3, 2024

Team leadership coach Verl Workman offers step-by-step strategies for building and maintaining an effective and productive real estate team.

Real Estate 173

Real Estate Business Agents 173

Housing Wire

OCTOBER 3, 2024

The Midwest and Northeast regions seem to be the new hot spots for real estate investors. This week, Realtor.com named markets in Ohio , Michigan , Pennsylvania , New York and Connecticut among the top markets for real estate investment opportunities in 2024. The list was compiled through an analysis of the 75 largest metro areas in the country. The metrics used include affordability, vacancy rates, rent increases and buyer demand based on 12 months of listing information and other public data.

Investors 425

Investors Marketing Real Estate Tenants 425

Inman

OCTOBER 3, 2024

Learn more about this Texas real estate leader, his passion for building connections, and how he extends his service-minded approach to the consumers and clients he serves.

Real Estate 173

Real Estate Clients Brokerage Marketing 173

Housing Wire

OCTOBER 3, 2024

ICE Mortgage Technology is continuing to accelerate the adoption of its more modern technologies by sunsetting older tech stacks. The mortgage tech behemoth on Wednesday told clients that it would be launching a pilot program to ultimately sunset Encompass CRM in favor of its more modern Surefire product (which it picked up in the Black Knight acquisition).

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Modernization Technology Clients Mortgage 423

Inman

OCTOBER 3, 2024

Discover five essential strategies to stay ahead as clients and the real estate market evolve. Chris Pollinger shares expert insights on how to adapt and thrive.

Clients 166

Clients Real Estate Marketing Brokerage 166

Housing Wire

OCTOBER 3, 2024

For too long, the mortgage industry has used “the money gun” to deal with problems. And that has consequences. Nowhere is that more evident than in the cost to manufacture a mortgage, which was more than $11,600 in the second quarter. In a panel at HousingWire’s IMB Summit in Dallas on Tuesday, Community Home Lenders of America leaders Taylor Stork of Developers Mortgage and Republic State Mortgage President Paulina McGrath tackled some of the thornier affordability issues plag

Insurance 418

Insurance Technology Lending Business 418

Inman

OCTOBER 3, 2024

Home Sales Palm Beach (HSPB) will merge into Atlantic Shores Realty Expertise ERA Powered, part of Anywhere’s ERA Real Estate division.

Real Estate 165

Real Estate Realty Agents Marketing 165

Housing Wire

OCTOBER 3, 2024

Taylor Stork, left, and Paulina McGrath of the Community Home Lenders of America lead a discussion at HousingWire’s IMB Summit in Dallas (Photo courtesy of Willie & Kim Photography) For too long, the mortgage industry has used “the money gun” to deal with problems. And that has consequences. Nowhere is this more evident than in the cost to manufacture a mortgage, which was more than $11,600 in the second quarter.

Insurance 336

Insurance Technology Lending Loan Officers 336

Eyes on Housing

OCTOBER 3, 2024

In 2023, a quarter of new homes were built with a two-story foyer, down slightly from 26% in 2022, according to data obtained from the Census Bureau’s Survey of Construction (SOC) and tabulated by NAHB. The market share of two-story foyers has been generally trending downward over the past seven years, with most new single-family.

Construction 158

Construction Marketing Buyers 158

Inman

OCTOBER 3, 2024

As the world becomes more connected, it's time to explore the opportunities that international markets may have to offer both you and your clients, The Agency's founder and CEO writes.

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Marketing Clients Real Estate Brokerage 157