Housing Wire

AUGUST 20, 2024

As the cost of living remains elevated, more seniors — even those in “senior strongholds” like South Florida — are choosing to return to work. This pattern among seniors living in and around Fort Lauderdale was recently profiled in an article in the South Florida Sun Sentinel. It falls in line with a broader national trend indicating that nearly 20% of Americans ages 65 and older remain in the workforce, totaling about 10.6 million people.

HOA 497

HOA Insurance Clients Finance 497

Appraisal Buzz

AUGUST 20, 2024

While buyers weigh many factors when it comes to purchasing a home, in 2017, Realtor.com released its first Hottest ZIP Codes Report. This year, 43230 in Gahanna, Ohio, became the top-ranked ZIP code for the second year in a row. The Midwest and the Northeast are home to all of this year’s hottest ZIP codes, according to the 2024 report that was just published.

Buyers 434

Buyers Housing Market Marketing Appraisal 434

Housing Wire

AUGUST 20, 2024

After dropping significantly during the first two weeks of August, mortgage rates have plateaued ahead of a key economic announcement on Friday. That’s when Federal Reserve Chair Jerome Powell is set to speak at the annual Jackson Hole Economic Symposium in Wyoming. Powell is expected to deliver an update on U.S. monetary policy to central bankers, economists and other financial market experts in attendance.

Mortgage 468

Mortgage Loan Officers Buyers Realtors 468

Appraisal Buzz

AUGUST 20, 2024

A significant shift in the real estate industry is drawing mixed reactions from the professionals most affected. The new commission rules, which took effect on August 17 following a landmark federal court ruling earlier this year, have disrupted a long-standing practice in the industry. Previously, the commission for a home sale was split between the seller’s agent and the buyer’s agent, but now, buyer’s agents must negotiate their commissions directly with their clients—buyers who, until now, n

Agents 369

Agents Real Estate Buyers Clients 369

Housing Wire

AUGUST 20, 2024

Keller Williams is doing its best to live up to its reputation as a brokerage firm heavy on agent education. On Monday, the firm announced the launch of an agent resource webpage known as “Buyer and Seller Agent Tools to Thrive.” The resource guide is focused on helping agents navigate the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement.

Agents 459

Agents Real Estate Agent Brokerage Real Estate 459

Appraisal Buzz

AUGUST 20, 2024

Despite the vast expanse of the United States and the freedom to move across its 3.8 million square miles, most Americans prefer to stay close to home, according to a new analysis by LendingTree. The study, based on data from the U.S. Census Bureau’s 2022 American Community Survey (ACS), reveals that only 11.21% of Americans moved within a year of the survey, with the majority of those who moved staying within their own state.

Logistics 363

Logistics Real Estate Appraisal 363

Real Estate News

AUGUST 20, 2024

The pendulum is swinging in buyers' favor this fall. See which three trends could finally give them some leverage.

Housing Market 321

Housing Market Marketing Buyers 321

Housing Wire

AUGUST 20, 2024

Understanding the forces creating the market is indispensable for lenders, real estate professionals, developers, and investors. In this executive conversation, we talk with Jean-Laurent Pouliot about current dynamics in the multifamily space, the impacts of federal policy, challenges posed by aging rental stock, and opportunities created by shifting demographic trends.

Marketing 448

Marketing Investors Development Investing 448

Real Estate News

AUGUST 20, 2024

A suburb of Columbus, OH, once again tops Realtor.com’s ranking of the most wanted ZIP codes. Massachusetts, meanwhile, has three spots in the top 10.

Housing Market 298

Housing Market Marketing 298

Housing Wire

AUGUST 20, 2024

In the newest episode of the Power House podcast , HousingWire CEO Clayton Collins chats with Randell Gillespie, the chief production officer at Lower and a 2023 recipient of the HousingWire Vanguard Award. The duo dive into several topics, including Lower’s transformed culture and leadership structure following its acquisitions of Thrive Mortgage and Universal Lending.

Loan Officers 448

Loan Officers Mortgage Tools Technology 448

Real Estate News

AUGUST 20, 2024

Watch the conversation with real estate media maverick Brad Inman as he shares his thoughts on NAR, transparency and the state of the industry.

Real Estate 278

Real Estate 278

Housing Wire

AUGUST 20, 2024

The Better Homes and Gardens Real Estate network has grown its presence in the Pacific Northwest. On Monday, Better Homes and Gardens Real Estate (BHGRE) Northwest Home Team announced its acquisition of Tacoma, Washington -based 253 Realty. The financial terms of the deal were not disclosed. 253 Realty was founded in 2013 by Shawn Viguerie. Prior to venturing out on his own, Viguerie served as a managing broker at another local firm.

Real Estate 448

Real Estate Realty Agents Clients 448

Appraisal Buzz

AUGUST 20, 2024

This piece originally appeared in the August 2024 edition of MortgagePoint magazine, online now. In any line of business, there is always competition for the required services and problems that must be solved. One key way to differentiate oneself and find a path to success is to seek out a niche where those needs are not being addressed, where the work is complex or tedious or highly technical—the sorts of roles not every company is equipped to fill or wishes to expend resources on, but which

HOA 221

HOA Clients Training Business 221

Housing Wire

AUGUST 20, 2024

Wells Fargo has agreed to sell most of its commercial mortgage servicing portfolio to Atlanta-based Trimont. The deal is expected to make Trimont the largest servicer of multifamily and commercial loans in the U.S. The transaction includes only Wells Fargo’s non-agency, third-party commercial mortgage servicing (CMS) business. The bank will keep its agency and government-sponsored enterprise ( GSE ) loans, as well as those held on its balance sheet.

Mortgage 446

Mortgage Real Estate Lending Clients 446

Appraisal Buzz

AUGUST 20, 2024

According to the recently released Quarterly Mortgage Bankers Performance Report by the Mortgage Bankers Association (MBA), independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a pre-tax net profit of $693 on each loan they originated in Q2 of 2024. This is an increase from the reported loss of $645 per loan in Q1 of 2024.

Valuation 195

Valuation Business Mortgage Development 195

Housing Wire

AUGUST 20, 2024

The American Bankers Association (ABA) last week submitted a letter to the Consumer Financial Protection Bureau (CFPB) in which it expressed “significant concerns” about a proposed rule that would ban medical debt from appearing on consumer credit reports. The proposal would bar credit agencies from sharing such debt with mortgage lenders, who in turn would be prohibited from making lending decisions based on how this type of debt could impact an applicant’s financial situation.

Lending 441

Lending Mortgage 441

Appraisal Buzz

AUGUST 20, 2024

Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a pre-tax net profit of $693 on each loan they originated in the second quarter of 2024, an increase from the reported loss of $645 per loan in the first quarter of 2024, according to the Mortgage Bankers Association’s (MBA) new Quarterly Mortgage Bankers Performance Report.

Mortgage 195

Mortgage Development Business Appraisal 195

Housing Wire

AUGUST 20, 2024

Ryan Ogata has been leading the reverse mortgage division at Rate — recently rebranded from Guaranteed Rate — for roughly a year, but the division has seen notable growth during that time. According to Home Equity Conversion Mortgage (HECM) endorsement data compiled by Reverse Market Insight (RMI), the company grew its endorsement volume by roughly 870% year to date through July, as noted by RMI’s Jon McCue in a recent interview with HousingWire ’s Reverse Mortgage Daily (RMD).

Mortgage 439

Mortgage Loan Officers Business Lending 439

Appraisal Buzz

AUGUST 20, 2024

Wells Fargo is selling the non-agency third-party servicing segment of its commercial mortgage servicing business to Trimont, a commercial real estate loan servicer and advisor based in Atlanta. Wells Fargo says it will continue servicing agency loans and loans held on its balance sheet. “This transaction is consistent with Wells Fargo’s strategy of focusing on businesses that are core to our consumer and corporate clients,” says Kara McShane, executive vice president and head of Wells Fargo Com

Mortgage 195

Mortgage Legal Real Estate Lending 195

Housing Wire

AUGUST 20, 2024

Independent mortgage banks (IMBs) are finally seeing light at the end of the tunnel after two grueling, profitless years in the mortgage industry. IMBs and mortgage subsidiaries of chartered banks on average reported a pre-tax net profit of $693 on each loan they originated in the second quarter of 2024, an increase from a loss of $645 per loan in the previous quarter, according to the Mortgage Bankers Association (MBA).

Valuation 334

Valuation Mortgage Development Business 334

Appraisal Buzz

AUGUST 20, 2024

According to a new report from Redfin, U.S. home prices ticked up 0.2% for the second consecutive month in July – the smallest month-over-month increase since January 2023. On a year-over-year basis, home prices rose 6.8% in July, down from 7.3% in June and the lowest annual increase recorded since January. Home prices continue to inch up to all-time highs – albeit more slowly than in previous months – because there is still a shortage of homes on the market relative to buyer demand.

Buyers 195

Buyers Sellers Appraisal Mortgage 195

Inman

AUGUST 20, 2024

The National Association of Realtors' proposed settlement agreement requires brokers and agents to sign contracts with buyers they're "working with." But what exactly does that mean?

Contracts 192

Contracts Open Houses Buyers Realtors 192

Eyes on Housing

AUGUST 20, 2024

Single-family built-for-rent construction posted year-over-year gains as of the second quarter of 2024, as builders sought to add additional rental housing in a market facing ongoing, elevated mortgage interest rates. According to NAHB’s analysis of data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design, there were approximately 23,000 single-family built-for-rent (SFBFR) starts.

Construction 183

Construction Design Mortgage Marketing 183

Inman

AUGUST 20, 2024

Images that conceal commission offers, like a "3%" mowed into freshly cut grass, have become a phenomenon on message boards and online residential listings, according to an Inman analysis.

Real Estate 190

Real Estate Brokerage Agents Marketing 190

Eyes on Housing

AUGUST 20, 2024

In the latest 2023 NAHB member census, 21% of NAHB builder members listed residential remodeling as their primary business. These remodelers tend to be relatively small, with a median of five employees and a median annual revenue of $1.8 million. They are thus even smaller than NAHB builder members in general, who had a median.

Business 157

Business 157

Inman

AUGUST 20, 2024

Consumers will learn of the commission settlement via a website, emails and postcards. Claims from homesellers hoping to claim some of the settlement money are due by next May.

Realtors 182

Realtors 182

BiggerPockets

AUGUST 20, 2024

DOJ investigators discovered a multiyear scheme regarding fraudulent loans that led to an $18 million loss for JLL.

Brokerage 91

Brokerage Real Estate 91

Inman

AUGUST 20, 2024

The Inman Intel Index goes beyond sentiment and trends by tapping into the industry's most engaged community. Add your voice to real estate's most ambitious monthly survey today.

Real Estate 178

Real Estate Realtors Technology Brokerage 178

Mortgagebroker News

AUGUST 20, 2024

Most borrowers manage their repayments well

Mortgage 87

Mortgage 87

Inman

AUGUST 20, 2024

New National Association of Realtors rules kicked in Saturday. By Monday, agents said they were fielding questions from clients, among other hurdles, but not seeing widespread chaos.

Business 178

Business Realtors Clients Agents 178

Mortgagebroker News

AUGUST 20, 2024

Company saw a significant increase in net income and record total assets

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Inman

AUGUST 20, 2024

The slow price growth is attributed to a shortage in housing inventory and limited buyer competition, according to a Redfin report published on Tuesday.

Inventory 178

Inventory Buyers Marketing 178

Eppraisal

AUGUST 20, 2024

Becoming a real estate agent can be a rewarding career choice, offering flexibility, independence, and the opportunity to help people achieve their dream of homeownership. However, the path to becoming a real estate agent varies by state, with each requiring specific steps to obtain a license. Here, we’ll look at what it takes to become a real estate agent in four states: California, New York, Wisconsin, and Ohio.

Real Estate Agent 36

Real Estate Agent Real Estate Agents Law 36

Inman

AUGUST 20, 2024

The Netflix show reportedly failed to renew because of factors surrounding number of views versus cost of production.

Real Estate 174

Real Estate Brokerage 174