Housing Wire
DECEMBER 12, 2024
Leading real estate brokerage William Raveis is making another game-changing acquisition before the new year. This week, the firm announced the acquisition of Nantucket, Massachussetts -based brokerage Jordan Real Estate (JRE). The financial terms of the deal were not disclosed. William Raveis a top-ranked brokerage serving the Northeast, Florida and South Carolina has made several expansion moves in 2024.
Real Estate News
DECEMBER 12, 2024
The National Association of Realtors and Department of Justice reached a deal in 2020, and since then have fiercely debated whether the case can be reopened.
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Housing Wire
DECEMBER 12, 2024
Travis Kessler will retire from his role as CEO and president of the Texas Association of Realtors. The organization also announced that executive vice president Mike Barnett will succeed Kessler effective April 1, 2025. Kessler, a 48-year real estate industry veteran, served as Texas Realtors’ CEO and president for 14 years. Jef Conn, the trade group’s chairman, praised Kessler for ushering Realtors and their clients toward success.
Real Estate News
DECEMBER 12, 2024
Rates have dropped for a third consecutive week, and buyers appear to be responding. But where rates go next is uncertain, and short-term volatility is likely.
Housing Wire
DECEMBER 12, 2024
It was July of 2020 and the interest rates had just dropped below 3%, every Title & Escrow company was slammed! In this season, most companies were well on the way to making more money than they had in years, or in some cases, ever!Consumers were refinancing in astronomical numbers! Every title company wanted a great piece of the current refi market and most would do about anything to obtain it.The problem; almost all were late to the party and not prepared.
Appraisal Buzz
DECEMBER 12, 2024
A wave of reforms is sweeping across the U.S. as states adopt legislation to expand shared housing opportunities, aiming to combat rising rents and housing shortages. Historically prevalent in the U.S., shared housing declined over the past 70 years due to increasingly restrictive zoning laws. Now, states are reversing this trend with laws that foster affordability and new housing models.
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Appraisal Buzz
DECEMBER 12, 2024
ATTOM has released its Q3 2024 U.S. Home Flipping Report showing that 74,618 single-family homes and condominiums in the U.S. were flipped in Q3 of 2024representing 7.2%, or one of every 14 home sales, nationwide during the months of July through September of 2024. The latest portion of flipped properties was down from 7.6% of all sales in the U.S. during Q2 of 2024, extending a common pattern seen during annual spring and summer 2024 buying seasons when other types of home sales spike.
Housing Wire
DECEMBER 12, 2024
Many in the real estate industry are looking at 2025 as a year to get back to the basics of the business, but Side is taking it one step further. This year, as the real estate industry looked to navigate numerous challenges, from the commission lawsuits to the continued housing market slowdown, Hilary Saunders said Side and its leadership have gone back to a grassroots approach.
Appraisal Buzz
DECEMBER 12, 2024
Mortgage rates decreased for a third straight week as the average rate for a 30-year fixed-rate mortgage dropped to 6.60%, down from 6.69% last week, according to Freddie Macs Primary Mortgage Market Survey. A year ago at this time, the average rate for a 30-year was 6.95%. The 30-year fixed-rate mortgage decreased for the third consecutive week, says Sam Khater, chief economist for Freddie Mac, in a statement.
Housing Wire
DECEMBER 12, 2024
Institutional sellers at distressed property auctions have gradually lowered pricing over the last six months as rising retail inventory and stubbornly high mortgage rates act as twin headwinds for buyers purchasing at these auctions. This downward pricing trend at distressed property auctions, combined with affordability constraints for retail buyers and rising rates of serious delinquency, foreshadows slowing home-price appreciation in 2025.
Appraisal Buzz
DECEMBER 12, 2024
Mortgage technology provider Blue Sage Solutions reports that it is the first loan origination system (LOS) to fully integrate Fannie Maes Income Calculator. This API-enabled integration, directly initiated from the LOS, streamlines income calculation for borrowers with income from self-employment or business ownership, enabling faster, more accurate mortgage approvals for lenders, the company says in a release.
Housing Wire
DECEMBER 12, 2024
Influential senior advocacy group AARP has released a new report assessing the prospects for aging in place in the U.S., finding that despite seniors overwhelming desires to remain in their own homes as they get older, there is a lot of policy work to do nationwide and inside individual communities to better align with those preferences. The organizations national 2024 Home and Community Preferences survey showed that a pronounced majority (75%) of adults at or over the age of 50 want to remain
Appraisal Buzz
DECEMBER 12, 2024
Mortgage lock volume plummeted 15% in November compared with October, as rates increased, according to Mortgage Capital Trading (MCT). While the market exhibited relative stability post-election, a clear downtrend in refinance activity was observed as interest rates settled. Heading into the winter months and with a new presidential administration taking office in January, volatility concerns remain a focal point for the industry.
Housing Wire
DECEMBER 12, 2024
September signified a steady decline in mortgage performance since the end of third-quarter 2023. About 3% of all mortgages were in some form of delinquency in September 2024 up 20 basis points year over year, according to a CoreLogic report released this week. This is the fourth consecutive month that the national delinquency increased year over year, according to CoreLogic’s September 2024 Loan Performance Insights Report.
Inman
DECEMBER 12, 2024
The shift by HomeSmart and Realty One Group reflects growing skepticism about NAR's three-way agreement and Phoenix Realtor's announcement of MLS Choice in November.
Housing Wire
DECEMBER 12, 2024
Lansing, Michigan -based reverse mortgage servicing company Celink this week announced that it earned a high net promoter score (NPS) of 74, which is generally considered an excellent rating of customer loyalty, following a survey of its clients. Created by author Fred Reichheld about 20 years ago, the net promoter score is a common tool used in the practice of market research to gauge customer loyalty, satisfaction and the likelihood of recommending a business for a particular service.
Inman
DECEMBER 12, 2024
FBS, the maker of FlexMLS and its sister software systems, is adding to its family of products aimed to empower multiple listing services with a marketing services offering called MAS, or marketing add-on services.
Empire Appraisal Group
DECEMBER 12, 2024
Condo Redevelopment Could Spark New Trend By Susannah Bryan Source: [link] Condo residents unable to afford structural repairs may sell their entire building to developers for redevelopment. FORT LAUDERDALE, Fla. An aging condo on Fort Lauderdales barrier island ordered to evacuate because of an unsafe foundation could be among the first of a long line of condos in desperate need of long-delayed repairs, experts say.
Inman
DECEMBER 12, 2024
Ahead of his appearance at Inman Connect New York in January, the CEO shared his thoughts on what industry players should be focusing on, updates at SERHANT. and his optimistic view of 2025.
Mortgagebroker News
DECEMBER 12, 2024
Ex-employee in Florida allegedly played role in laundering millions through shell companies
Inman
DECEMBER 12, 2024
By investing in your agents with innovative and meaningful initiatives, youre building a foundation for long-term success, luxury advisor Chris Pollinger writes.
Mortgagebroker News
DECEMBER 12, 2024
Learn how to become a mortgage broker in Edmonton in this guide. We have listed the steps, requirements, and skills needed for you to succeed.
Inman
DECEMBER 12, 2024
Organizational change will allow DeJane Kerr, Fathom Realty's senior vice president of compliance, to focus on brokerage compliance, parent company says.
Mortgagebroker News
DECEMBER 12, 2024
Learn how to become a mortgage broker in Calgary in this guide. We have listed the steps, requirements, and skills needed for you to succeed.
Inman
DECEMBER 12, 2024
The National Association of Realtors hosted its latest Real Estate Forecast Summit on Thursday, where five of the industry's top economists shared their predictions for mortgage rates, consumer activity, government spending and macroeconomic trends.
Mortgagebroker News
DECEMBER 12, 2024
TD Bank's AML issues set the stage for more regulatory pressure across the sector
Inman
DECEMBER 12, 2024
With the right strategies in place, you can successfully reset your team culture and drive your organization toward success, coach Verl Workman writes. Heres where to start.
Mortgagebroker News
DECEMBER 12, 2024
Lendesk looks back at the essential platform’s major enhancements
Inman
DECEMBER 12, 2024
For Mike Rankin and his team, success is rooted in a commitment to collaboration, positivity and client-centric service along with a family-like team culture, Melanie Klein writes.
Hank Miller Team
DECEMBER 12, 2024
Why didnt mortgage rates drop when the Fed cut the discount rate? A simple question with so many variables that even experts cant agree. The focus seems to always be on the Fed; how does all of the economic news impact decisions made by the Federal Reserve? Through most of 2024, all eyes were on the Fed as everyone wondered if they would cut rates. They finally did in Sept and again in Novand mortgage rates, well, they remain about where they were.
Inman
DECEMBER 12, 2024
In bond court on Thursday, Oren pleaded with the judge to be allowed to be with his wife, who is nine months pregnant, when she gives birth. A detention hearing is scheduled for Friday.
BiggerPockets
DECEMBER 12, 2024
Disclaimer: Opinions expressed in this episode and written below are solely opinions of the hosts, guests, and writers and do not reflect the views of BiggerPockets.
Inman
DECEMBER 12, 2024
Learn how this brokerage president pioneered a digital-first approach to Caribbean real estate that makes international property investment more accessible.
Lamacchia Realty
DECEMBER 12, 2024
Behind the incredible REALTORS of Lamacchia Realty is a team of over 90 staff members who work tirelessly to support, propel, and operate the independently owned-brokerage. Each and every staff member plays an integral role in the continued success of the quickly growing company. Lamacchia Realty views its staff members in the highest regard, fostering the values the full-service, value-based brokerage prides itself on.
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