Housing Wire
MAY 28, 2024
It’s the end of May and unsold inventory on the market is increasing across the U.S. Every state in the country has more homes on the market now than a year ago and, in many places, new construction is being completed and added to inventory, so it’s not just resale inventory that’s growing. There are more homes on the market now than anytime since August 2020.
Real Estate News
MAY 28, 2024
The latest Case-Shiller index reported another record high, with U.S. home prices increasing 6.5% year-over-year in March.
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Housing Wire
MAY 28, 2024
EXIT Realty Corp. International and Earnnest , a digital app that handles earnest money collections, announced a partnership on Tuesday that is designed to create more seamless and secure real estate transactions. The Earnnest platform offers a user-friendly and fully digital fund transfer process for home purchase transactions. It is designed to enhance transparency for all stakeholders while “minimizing the risks associated with traditional methods like checks and wire transfers,“ the company
Real Estate News
MAY 28, 2024
Recruiter Brent Gove has also been dismissed from the lawsuit involving allegations of sexual assault, while Michael Bjorkman’s motion to dismiss was denied.
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Housing Wire
MAY 28, 2024
Home prices in the United States continued their upward trajectory in March, with the S&P CoreLogic Case-Shiller U.S. National Home Price Index recording a 6.5% annual gain, matching February’s growth, according to the latest report. Meanwhile, the U.S. National Index posted a month-over-month increase of 0.3%, while the 20-City and the 10-City Composite both reported month-over-month increases of 0.3% and 0.5%, after seasonal adjustment.
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Housing Wire
MAY 28, 2024
Mortgage rates kept sliding toward 7% as HousingWire ’s Mortgage Rates Center showed the average 30-year fixed rate for conforming loans at 7.25% on Tuesday, below the rate of 7.34% one week ago. At the same time one year ago, the average 30-year conforming rate was 6.8%. Meanwhile, the 15-year conforming fixed rate averaged 6.77% on Tuesday, up from 6.71% one week earlier.
Real Estate News
MAY 28, 2024
Agents will be navigating new territory in August, and they'll need to avoid any hint of steering. CRMLS general counsel Ed Zorn offers some tips.
Housing Wire
MAY 28, 2024
Despite the potential for savings, more than half of all U.S. homebuyers (54%) who took out a mortgage for their most recent home purchase received only one loan offer. This indicates that a sizable portion of borrowers do not shop around for the best mortgage deal, according to new survey results from LendingTree. Twenty-two percent of survey respondents received two offers, while 17% received three or more offers.
Inman
MAY 28, 2024
Compass Florida's No. 1 agent got into real estate at one of the worst times, right after the 2008 recession. But early sports training cultivated in him a dedicated work ethic that has allowed him to soar to great heights in his career.
Speaker: Dylan Secrest
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Housing Wire
MAY 28, 2024
The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s 2024 Women of Influence award are open now through May 31st, 2024. Click here to nominate someone. For the past 15 years, the HousingWire Women of Influence award has celebrated the exceptional contributions of women leaders in the housing industry.
Inman
MAY 28, 2024
These increasingly uncertain attitudes among agents in March were a departure from brokers, who were more likely to tell Intel that they still view the National Association of Realtors positively.
Housing Wire
MAY 28, 2024
The Federal Deposit Insurance Corp. (FDIC) this month announced a settlement with Arkansas-based Bank of England over alleged violations of the Federal Trade Commission Act, the Real Estate Settlement Procedures Act (RESPA), the Fair Credit Reporting Act (FCRA) and the Home Mortgage Disclosure Act (HMDA). The bank has been issued an order to pay a civil penalty of $1.5 million, and the FDIC has also issued similar enforcement actions to nine former employees of the bank. “ Veterans and their fam
Inman
MAY 28, 2024
Despite short-term challenges in the space, multifamily real estate investment expert Michael Zaransky is still bullish on the long-term potential of the sector.
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Housing Wire
MAY 28, 2024
Two major Realtor associations announced a merger last week that would make the unified group the third largest in Florida and the sixth largest in the U.S. The news was first reported by Real Estate News and Inman. The Pinellas Realtor Organization/Central Pasco Realtor Organization (PRO-CPRO) is joining forces with the Greater Tampa Realtors (GTR) to form the Tampa Bay Realtors.
Inman
MAY 28, 2024
We're all in this together, writes coach Darryl Davis, so here's how to avoid burnout and frustration by charting a path forward for your real estate business.
Housing Wire
MAY 28, 2024
Ocwen Financial Corp , the parent company of PHH Mortgage Corp. and its reverse mortgage subsidiary Liberty Reverse Mortgage , announced on Tuesday that its shareholders have approved the company’s planned rebranding initiative to Onity Group. The initial phase of the rebranding will first go into effect for the parent company on June 10 and will roll out to other subsidiaries — including Liberty — by this fall.
Inman
MAY 28, 2024
The two organizations are involved in a pilot program in which Side teams, who are branded independently, can choose to work with the creative agency in building promotional videos for use across multiple marketing channels.
Housing Wire
MAY 28, 2024
Fathom Holdings , the parent company of cloud-based real estate brokerage Fathom Realty , appointed Jon Gwin as chief operating officer. He replaces Samantha Giuggio , who held the role since January 2022. Gwin brings a wealth of experience to the role, having previously held executive positions at American Financial Network , Wachovia Bank , Wells Fargo and Accredited Home Lenders.
Inman
MAY 28, 2024
National home prices jumped 6.5 percent in March from a year earlier to a new record high with the Northeast leading regionally.
Housing Wire
MAY 28, 2024
Philadelphia-based Incenter Lender Services has promoted Sara Parrish to chief operating officer amid a plan to attract independent mortgage banks (IMBs) with variable-cost services. Parrish will remain as president of CampusDoor, an Incenter subsidiary that focuses on student loans. “A big part of my job is preparing us for scale,” Parrish said in an interview with HousingWire. “We are getting ready to tackle even more exciting projects, and we expect a lot of growth, e
Inman
MAY 28, 2024
The upending of NAR's cooperative compensation rule is a double-edged sword for Zillow and its rivals, experts told Inman. These are the tools and tactics they're adopting to suit the moment.
Appraiserblogs
MAY 28, 2024
The “unresolved complaints” may not be as clear-cut cases of discrimination as they are being portrayed. The fact that HUD has not found grounds to pursue discrimination claims, suggests that proving appraisal discrimination is extremely difficult. All of the filed complaints have involved disputes over the property’s appraised value, with borrowers alleging discrimination because the appraised value was lower than what they expected or desired.
Inman
MAY 28, 2024
By making homeownership more affordable, Bernice Ross writes, DPA enhances the value agents bring to the table and plays a vital role in helping those who might otherwise be excluded from the housing market.
Eyes on Housing
MAY 28, 2024
The S&P CoreLogic Case-Shiller U.S. National Home Price Index (HPI) increased at a seasonally adjusted annual rate of 3.65% for March. This was following an adjusted 6.42% rate gain for February. On a year-over-year basis, the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index posted a 6.49% annual gain in March, following a 6.53%.
Inman
MAY 28, 2024
Find out how dynamic real estate broker Dawn David creates deep down connections to create repeat and referral business with delighted clients.
BiggerPockets
MAY 28, 2024
This article is presented by Walker & Dunlop. Read our editorial guidelines for more information.
Inman
MAY 28, 2024
Four years after first engaging in a legal battle with disabled veteran Carl Westcott over the purchase of a Montecito mansion, pop star Katy Perry has finally emerged with the home's title in hand.
BiggerPockets
MAY 28, 2024
Imagine living in a home where your next-door neighbors are your best friends or family members.
Inman
MAY 28, 2024
The launch comes as approximately 45.2 million Americans rent out their homes concurrently with the rise in mortgage rates.
BiggerPockets
MAY 28, 2024
Rehabbing a home isn’t the same as preparing a home for rental, though. Not all homes require rehabbing, but all rental properties must be prepared for prospective renters.
Mortgagebroker News
MAY 28, 2024
Attack sophistication has grown since pandemic, says expert
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