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Many real estate executives and analysts believe that the Department of Justice , now with the green light to reopen its investigation into the National Association of Realtors , will shake up the civil commission lawsuit settlement agreement. But legal experts are not as certain. Now unshackled , the DOJ could file a statement on interest in the Sitzer/Burnett commission lawsuit and express concerns about the terms of NAR’s settlement agreement.
It’s been a pretty normal spring season so far, but if mortgage rates keep ticking up, that’s an x-factor in changing the feel of the market. Today, I have a big market update. This post is designed to skim by topic or digest slowly. UPCOMING SPEAKING GIGS: 4/11/24 Lindsay Carlisle Event (private) 4/25/24 HomeSmart iCare […] The post Wait, so rates aren’t going down now?
As the real estate industry undergoes a significant shift in its commission structure, a recent Redfin survey reveals a lack of knowledge among homebuyers regarding their agents’ compensation. According to the findings, a significant portion of recent homebuyers remain in the dark about crucial aspects of agent payments. For example, 28% of recent homebuyers were unaware of the precise amount their agent received, 17% lacked knowledge about how this amount was determined and 19% were uncertain a
There were 95,349 foreclosure filings on U.S. properties in the first quarter, an increase of 3% compared with the fourth quarter but down less than 1% compared with the first quarter of 2023, according to ATTOM. Looking just at March, there were 32,878 foreclosure filings during the month, down less than 1% compared with February and down 10% compared with March 2023.
Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.
Editor in Chief Sarah Wheeler sat down with Scott Smith, interim CEO at Optimal Blue , to talk about the right tech investments to make now and how the company plans on keeping its customers for life. Sarah Wheeler: What differentiates your tech? Scott Smith: I think a differentiator is our position in the market. I think we have the most comprehensive end-to-end capital market platform.
More than a quarter of consumers surveyed by Redfin don’t know how much their agent was paid, while nearly 20% weren’t sure who provided the compensation.
More than a quarter of consumers surveyed by Redfin don’t know how much their agent was paid, while nearly 20% weren’t sure who provided the compensation.
Nothing was off the table when National Association of Realtors (NAR) President Kevin Sears joined NextHome CEO James Dwiggins and chief strategy officer Keith Robinson on this week’s episode of their “Real Estate Insiders Unfiltered” podcast. During the hour-long episode, they discussed everything from Sears’ reaction to assuming the role of president, his first three months on the job, NAR’s commission lawsuit settlement agreement , and changes he is working to enact within NAR and across the
Navigating challenges in real estate brokerage requires a deep understanding of the industry. Recently, I had a conversation in which I put on my broker hat, discussed common hurdles faced by brokerages today, and explored potential solutions. I believe that the primary hurdle confronting brokerages today lies in their profitability. Given the current trajectory, profitability remains an increasingly difficult problem to solve.
Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.
Foreclosures remained relatively stable in the first quarter of 2024 and homeowners continue to hold significant equity. In March, there were 32,878 U.S. properties with a foreclosure filing, down less than 1% from the previous month and down 10% from a year ago. Meanwhile, 23,312 U.S. properties started the foreclosure process in March 2024, up 3% from the previous month but down 4% from March 2023, according to a report released Thursday by real estate analytics company Attom.
The U.S. Department of Housing and Urban Development (HUD) announced on Wednesday that it had entered into a cooperative endeavor agreement (CEA) to take control of the Indianapolis Housing Agency (IHA) alongside the City of Indianapolis. The move, which will effectively allow local and federal authorities to share control of the organization, is designed to “restore public confidence in and accountability over” IHA, according to HUD.
Inputs to residential construction, goods less food and energy, increased for the fifth straight month, according to the most recent Producer Price Index (PPI) report published by the U.S. Bureau of Labor Statistics. The index for inputs to residential construction, goods less food and energy, represents building materials used in residential construction.
Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.
California-based multichannel mortgage lender CMG Financial announced on Thursday that it acquired Norcom Mortgage ’ s retail assets, expanding its operations in the Northeast with the addition of 25 branches from Maryland to Maine. The financial details of the deal were not disclosed. “Norcom Mortgage has made the strategic decision to focus on and continue to grow our wholesale platform as TPO GO,” Norcom President Phil DeFronzo said in a prepared statement.
If you want to build the listing side of your business in the wake of the NAR settlement, Jimmy Burgess has 30 practical, actionable, doable strategies tailor-made for this moment.
Property preservation company MCS announced last month that it had entered the reverse mortgage business after acquiring Five Brothers Asset Management Solutions. In part one of RMD’s interview with MCS CEO Craig Torrance, he explained his company’s interest in the reverse space. In the second part of the interview, Torrance goes deeper into the value proposition of engaging in the reverse mortgage business; the ways companies like his might be able to simplify certain necessary property obligat
According to the most recent United States Census , Maricopa County of Phoenix, AZ is currently the largest-gaining county in the U.S. Why? Certainly there are various factors at play, but I’d venture to guess that one of the most significant is weather, but not exactly for the reasons you may think. Outside of the occasional rainstorm, Arizona weather is quite consistent.
Existing-home sales in this current market are mostly being driven by the “Five Ds” – death, divorce, diplomas, downsizing, and diapers – according to a report from First American. The firm’s Existing-Home Sales Outlook Report “nowcasts” existing-home sales based on the historical relationship between sales, demographic trends, house-buying power, and the prevailing financial and economic conditions.
Figure Technology Solutions (FTS), the parent company of Figure Lending LLC , announced on Thursday that it will begin making its Digital Asset Registration Technologies (DART) platform — which it describes as “a combined lien and eNote registry service” — available to private and wholesale lending partners. It will initially be made available for its home equity line of credit (HELOC) product first before being rolled out to other lending products.
The average rate for a 30-year fixed rate mortgage jumped this week to 6.88%, up from 6.82% last week and up from 6.27% one year ago, according to Freddie Mac’s Primary Mortgage Market Survey. “Mortgage rates have been drifting higher for most of the year due to sustained inflation and the reevaluation of the Federal Reserve’s monetary policy path,” says Sam Khater, chief economist for Freddie Mac, in a statement.
Truong My Lan was at the center of the sprawling fraud case and was accused of embezzling as much as $12.5 billion. A court sentenced her to death on Thursday during an anti-corruption crackdown in Vietnam.
The NAHB/Westlake Royal Remodeling Market Index (RMI) for the first quarter of 2024 posted a reading of 66, down one point compared to the previous quarter. Demand for remodeling remains solid and an RMI of 66 is consistent with NAHB’s forecast for remodeling spending in 2024. Nevertheless, construction costs are still an issue in some.
Agents willing to collaborate with reputable wholesalers will tap into new market segments, industry expert Andrew Helling writes, while elevating their own service offerings for clients and capturing once-elusive listings from motivated sellers.
What can be a more traumatic and challenging experience of one’s life than divorce? It is one of the toughest emotional turmoils that may affect the entire life of an individual. However, amidst this emotional trouble, it’s essential to address practical matters, especially the division of assets and responsibilities. Structuring a divorce settlement agreement is […] The post <div class="hrt">How Do You Structure a Divorce Settlement Agreement to Protect Your Fu
Your team members and customers are struggling, Rachael Hite writes. Here is what wise brokers need to know about the state of happiness and how it impacts all of us.
JoyAi, a large language model, automates everything from real-time scheduling and technician-matching to 24/7 resident communications and more, according to an announcement Tuesday.
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