Housing Wire

AUGUST 9, 2024

Is a business model change coming for RE/MAX? The possibility was floated on the company’s second-quarter 2024 earnings call Friday morning, as the brokerage’s sinking agent count continues to suppress revenue in what’s already a difficult housing market for real estate companies. RE/MAX has operated on a flat-fee business model since its inception, but a company website suggests there are options for agents who wish to take commission splits.

Agents 432

Agents Business Brokerage Investors 432

Appraisal Buzz

AUGUST 9, 2024

For the third consecutive year, the U.S. is expected to set new records for apartment construction. By the end of 2024, developers plan to have completed an astounding 518,108 rental units, a startling 30% more than in 2022 and 9% more than in 2023. This is according to a new study from RentCaf e. Furthermore, 2024 will mark the first time in the history of apartment building in the U.S. that the total number of completed units will exceed the 500,000-unit mark.

Construction 397

Construction Development Business Marketing 397

Housing Wire

AUGUST 9, 2024

Standing your ground. It’s a phrase we often hear, but its importance cannot be overstated in the real estate business. The ability to hold firm to your values, worth, and business practices is not just a strategy; it’s a necessity. As the CEO of a multi-state real estate brokerage , I have witnessed firsthand the importance of this principle.

Real Estate 421

Real Estate Business Brokerage Clients 421

Appraisal Buzz

AUGUST 9, 2024

A new report on the mortgage from Corporate Insight (CI) examines the loan origination experience from the perspective of actual borrowers, identifying new best practices, competitive gaps, and ways lenders can better serve consumers. The “ Lending Monitor: Mortgage Origination Study ” examines the loan origination experience using a consumer survey, in-depth interviews with active home buyers, and an examination of firm communications to identify the factors that influence lender selection and

Lending 418

Lending Buyers Tools Mortgage 418

Housing Wire

AUGUST 9, 2024

In a recent episode of the Real Estate Insiders Unfiltered Podcast, the hosts dive into commission sharing practices for agents, the associated risks and the alternatives ahead of the National Association of Realtors ‘ (NAR) business practice changes that are set to take effect on Aug 17. Co-hosts James Dwiggins and Keith Robinson urge agents to stop sharing commissions and discuss ways that listing agents can put their seller’s needs first while avoiding legal trouble and creating an exc

Real Estate 421

Real Estate Advertising Legal Agents 421

Appraisal Buzz

AUGUST 9, 2024

According to a recent study from Redfin , the technology-powered real estate brokerage, mortgage rates fell to a daily average of 6.34% on August 5, the lowest level since April 2023. After a worse-than-expected jobs report heightened worries of a recession, rates plunged; although they have since somewhat increased, they are still close to the lowest point in more than a year.

Buyers 370

Buyers Real Estate New Listings Brokerage 370

Appraisal Buzz

AUGUST 9, 2024

Banking veteran Jarrod Glodt has joined commercial mortgage brokerage Eastern Union as a senior loan consultant. Glodt has more than ten years of experience as a banker engaged in commercial lending, ground-up construction, and investment real estate development. He has also managed transactions involving owner-occupied real estate – and has expertise in both SBA 7A and 504 lending, including both merger and acquisition deals.

Brokerage 195

Brokerage Mortgage Tenants Real Estate 195

Housing Wire

AUGUST 9, 2024

The reverse mortgage industry’s key performance indicators were split in July, according to data from industry analysts. Home Equity Conversion Mortgage (HECM) endorsements increased by 8% from June to July, with the total of 2,274 falling reasonably in line with Federal Housing Administration (FHA) HECM case numbers. This is according to data compiled by Reverse Market Insight (RMI).

Mortgage 431

Mortgage Business Finance Investing 431

Real Estate News

AUGUST 9, 2024

Agent count has also continued to decline, and CEO Erik Carlson said they are looking at all aspects of their business in preparation for an industry rebound.

Agents 219

Agents Business 219

Housing Wire

AUGUST 9, 2024

“Gray divorce” — referring to the decision of a married couple over the age of 50 to separate — is a growing phenomenon. According to a 2022 study published in the Journals of Gerontology, the rate of divorce among those ages 50 and older has doubled since 1990 and has tripled for those 65 or older. Gray divorce can come with a myriad of financial headaches for those determining what post-married life will look like and how previously intertwined financial situations can be separated.

Mortgage 431

Mortgage Finance Insurance 431

Real Estate News

AUGUST 9, 2024

"Powered by Offerpad" supports the iBuyer's agent partners; Peerage gets Rechat tools; Audience Town adds builder analytics; Rexdat offers listings platform.

Agents 200

Agents Tools 200

Housing Wire

AUGUST 9, 2024

Mortgage tech firm Blend Labs delivered another loss in the second quarter of 2024 even as it signed deals with new customers across the mortgage and consumer banking channels. But executives expect a shift in the landscape due to declining interest rates , which may help them achieve profitability in the final three months of the year. “The bond market seems to be signaling that the Federal Reserve ’s target rate could end the year potentially more than 100 basis points lower than where we’ve b

Loan Officers 420

Loan Officers Investing Mortgage Clients 420

Eyes on Housing

AUGUST 9, 2024

Total outstanding US consumer debt stood at $5.08 trillion for the first quarter of 2024, increasing at an annualized rate of 2.46% (seasonally adjusted), according to the Federal Reserve’s G.19 Consumer Credit Report. From the second quarter of 2023 to the second quarter of 2024, the total increased by 1.84%. This year-over-year (YoY) growth rate.

Finance 176

Finance 176

Housing Wire

AUGUST 9, 2024

A cooler spring homebuying season led to a mixed bag of financial results for the Big Four title insurance firms in the second quarter of 2024. Although all four firms reported a net income during the quarter, not all of them recorded better results than a year ago. Old Republic At Old Republic , total operating revenue was up 10% year over year to $2.012 billion, while net income was down annually from $115.5 million a year ago to $91.8 million in Q2 2024.

Marketing 424

Marketing Technology Insurance Tools 424

Inman

AUGUST 9, 2024

Cloud banking software provider maintains steady growth in consumer banking revenue, while reversing the decline in its main line of business of providing services to mortgage lenders.

Investors 194

Investors Business Mortgage Insurance 194

Housing Wire

AUGUST 9, 2024

HomeServices of America is one step closer to moving on from the home seller commission lawsuits. On Thursday, Judge Stephen R. Bough — who is overseeing the Sitzer/Burnett and Gibson/Umpa commission cases — granted preliminary approval to the brokerage firm’s settlement agreement. “The Court finds that the proposed Settlement with HomeServices, as set forth in the Settlement Agreement, is fair, reasonable and adequate, the class representatives have adequately represented the class, the Settlem

Brokerage 420

Brokerage Sellers Agents Realtors 420

Eyes on Housing

AUGUST 9, 2024

During the second quarter of 2024, credit for residential Land Acquisition, Development & Construction (AD&C) continued to tighten and became even more expensive for most types of loans, according to NAHB’s survey on AD&C Financing. The survey was conducted in July and asked specifically about financing conditions in the second quarter, predating the release of.

Finance 167

Finance Construction Development Lending 167

Inman

AUGUST 9, 2024

A surprise drop in mortgage rates got homebuyers off the sidelines and into home tours. However, affordability and recessionary concerns have kept buyers from making purchases.

Buyers 189

Buyers Mortgage Marketing 189

Buys Brokers Only LLC

AUGUST 9, 2024

The Massachusetts House of Representatives and Senate agreed on a final $5.16 billion housing bond bill that included Senate language prohibiting offers to purchase a home conditioned on a home buyer waiving or limiting their rights to a home inspection.

Inspection 69

Inspection Buyers Realtors Real Estate 69

Inman

AUGUST 9, 2024

There is a good deal of feature overlap between the Lofty and Firepoint, with both providing the market website creation and content management, AI assistants and lead generation and oversight. However, Lofty ventures into transaction management, omnichannel lead-gen and as of recently, property management.

Real Estate 182

Real Estate Property Management Marketing Technology 182

Eppraisal

AUGUST 9, 2024

Owning a home has long been considered a cornerstone of the American Dream, a symbol of stability, prosperity, and success. However, for today's generation, this dream is becoming increasingly difficult to achieve. A combination of stagnant wages and rising housing costs has made it harder than ever for young people to purchase homes. By examining the historical relationship between income and home prices, we can see just how much the landscape has changed over the decades.

Housing Market 67

Housing Market Government Marketing Mortgage 67

Inman

AUGUST 9, 2024

Austin, Texas-based fintech's flagship product, "The Trade-In Mortgage," helps homebuyers make non-contingent offers and removes their current house from debt-to-income calculation.

Mortgage 186

Mortgage Buyers Tools 186

BiggerPockets

AUGUST 9, 2024

Electric vehicle sales are rising. Does it make sense to add an EV charging station at your property, and can you raise rent accordingly?

Real Estate 83

Real Estate 83

Inman

AUGUST 9, 2024

Housing affects every aspect of American life, Rachael Hite writes. This election, discover how each presidential candidate plans to reshape housing.

Brokerage 189

Brokerage Agents 189

BiggerPockets

AUGUST 9, 2024

Learn to identify red flags in property management, take action when your provider fails, and choose a replacement to protect your rental investment.

Property Management 79

Property Management Investing Landlords 79

Inman

AUGUST 9, 2024

The Engel & Völkers Americas president and CEO took time to chat with Inman and shared why agents should be concentrating on relationships — not confusion around commission lawsuits.

Agents 177

Agents 177

Mortgagebroker News

AUGUST 9, 2024

Variable rates have dipped of late – but fixed options are also likely to drop further

Mortgage 79

Mortgage 79

Inman

AUGUST 9, 2024

Consumer guides from the trade group offer a contrast to previous messaging but also continue to promote pre-emptive offers of compensation to buyer agents.

Buyers 178

Buyers Sellers Agents Realtors 178

Mortgagebroker News

AUGUST 9, 2024

Rising buyer interest and shrinking listings lead to double-digit price increases

Buyers 78

Buyers 78

Inman

AUGUST 9, 2024

At least five agents based in New York and Miami have left the firm in about the last week. Previously, West Coast founding broker Tyrone McKillen had also left the Side-backed brokerage.

Agents 177

Agents Brokerage Realty Real Estate 177

Mortgagebroker News

AUGUST 9, 2024

What does the slowdown mean for interest rates?

Marketing 86

Marketing 86

Inman

AUGUST 9, 2024

The iBuyer declined to confirm how many employees have been let go. Recent SEC filings show widespread cuts compared to a year earlier.

Marketing 192

Marketing Brokerage Agents 192

BiggerPockets

AUGUST 9, 2024

Screening tenants is a necessary but expensive part of real estate investing. In some cases, property managers charge as much as one month’s rent to place a tenant.

Tenants 47

Tenants Property Management Real Estate Investing 47

Inman

AUGUST 9, 2024

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Brokerage 178

Brokerage Agents 178