Housing Wire
DECEMBER 11, 2023
A few months ago I published a video where we asked, “ How much will home prices gain by the end of the year?” Using a headline like that should come with a trigger warning. We could see that home prices were inching up, but there are many who think that home prices are currently falling. Even this week saw a press release with a “home prices in free fall” headline that got picked up all over the media.
Real Estate News
DECEMBER 11, 2023
Another buyer-broker commissions lawsuit, filed Dec. 8, names NAR, San Francisco-area associations, BAREIS MLS and five national brokerages.
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Housing Wire
DECEMBER 11, 2023
After hitting a 23-year high of 8% in October, mortgage rates have cooled down to the lowest levels since July. Some borrowers are even getting quoted in the 6% range. A top-tier borrower with a 780 FICO score and a 25-30% down payment for a single-family vanilla 30-year fixed-rate mortgage was quoted 6.875% on Thursday, said Larry Steinway, senior vice president of mortgage lending and branch manager of Revolution Mortgage.
Real Estate News
DECEMBER 11, 2023
After a tumultuous year for NAR and the industry, membership in the nation's largest trade organization is headed for its first yearly drop in over a decade.
Housing Wire
DECEMBER 11, 2023
Despite rising housing unaffordability , we in the real estate business know that homeownership is still a fantastic way to build generational wealth. Not surprisingly, affordability is inextricably linked to fair housing , as fair housing (and lending) for all is foundational to affordability for all. When affordability meets fair housing Recently, during a coaching session with an agent, that agent shared how a recent seller, Bob, sold his home of 20 years and made so much money on the sale t
Real Estate News
DECEMBER 11, 2023
Most brokerage companies follow a traditional commission-split model, but the landscape is shifting, with some major firms adopting new approaches.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Real Estate News
DECEMBER 11, 2023
OneKey MLS is acquiring Mid-Hudson MLS, bringing its membership to nearly 50,000.
Housing Wire
DECEMBER 11, 2023
After a successful launch of its new agent pay structure in Los Angeles and San Francisco in late October, Redfin announced Monday that it was expanding the new pay structure to its San Diego and Orange County markets. The pay plan now known as Redfin Next , after rebranding from its original launch name of Redfin Max , allows agents to earn commission splits of up to 75% for transactions they generate on their own and up to 40% for transactions with clients they met via the Redfin platform.
Inman
DECEMBER 11, 2023
When it comes to marketing high-end homes, it pays to think like an ad firm. That means knowing your target audience, using themes they’ll understand, and finding ways to creatively defy convention.
Housing Wire
DECEMBER 11, 2023
RE/MAX has seen a steady stream of agents and new franchisees over the past three weeks. In late November, the firm announced that Elizabeth Ruehrwein, a top agent in the Rehoboth, Massachusetts area joined RE/MAX Integrity , leaving Lamacchia Realty , previously known as Keystone Property Group. Ruehrwein, who became a licensed agent in 2017 after working in the new construction industry for 28 years, serves clients in Rehoboth and surrounding Massachusetts towns, as well as East Providence and
Inman
DECEMBER 11, 2023
How do you build a brand that can withstand intense client scrutiny in the wake of the Sitzer | Burnett ruling? Agents should make four key pivots to rise above the chaos.
Housing Wire
DECEMBER 11, 2023
A former account executive is accusing United Wholesale Mortgage (UWM), the top mortgage lender in the country, of racial discrimination, hostile workplace environment, harassment and retaliation, according to a lawsuit filed on Dec. 8 in a district court in Michigan. Corey Tucker, a Black man who began at UWM in December 2021, claims that shortly after his employment started, he noticed “ different treatment within the workplace.
Inman
DECEMBER 11, 2023
In this game-changing episode of Keepin’ It Real, RE/MAX President and CEO Nick Bailey gleans tips and advice from real estate coaching icons Brian Buffini and Jared James.
Housing Wire
DECEMBER 11, 2023
Cleveland, Ohio-based fintech Upright has launched a debt service coverage ratio (DSCR) rental loan to investors, the company announced on Monday. DSCR rental loans are non-qualifying mortgages (non-QMs) used by real estate investors to qualify for a loan based on their property’s cash flow without personal income verification. “Many customers at first come to us for our fix and flip loans.
Inman
DECEMBER 11, 2023
By encouraging a focus on learning and embracing change, CEO Craig Grant offers a refreshing perspective that empowers real estate professionals to see technology as an ally, not an adversary.
Housing Wire
DECEMBER 11, 2023
Residential sale-leaseback platform EasyKnock is under fire from the Massachusetts Attorney General’s office. In a news release last Tuesday, Attorney General Andrea Joy Campbell announced that she had entered into a settlement with EasyKnock for what her office alleged was deceptive practices that stripped consumers of their home equity. Campbell’s office claims that EasyKnock “engaged in an unfair and deceptive equity-skimming scheme that involved purchasing the homes of cash-strapped consumer
Inman
DECEMBER 11, 2023
Klipper, who previously worked under the Christie's International Real Estate banner, where he inked more than $46 million in deals last year, will be based out of Corcoran's Bergen County branch.
Eyes on Housing
DECEMBER 11, 2023
According to the Federal Reserve’s latest G.19 Consumer Credit report, total consumer credit outstanding totaled $4.99 trillion (seasonally adjusted annual rate) in October, an increase of $5.1 billion over the month and $146.7 billion—or 3.0%–higher than October 2022. The monthly increase resulted from revolving and nonrevolving credit outstanding gaining 0.2% and 0.1%, respectively.
Inman
DECEMBER 11, 2023
The meme-able rapper bought the renovated seven-bedroom, seven-bath home just last year in a $6.1 million all-cash deal.
Eyes on Housing
DECEMBER 11, 2023
According to the 2023 third quarter release of the Federal Reserve Z.1 Financial Accounts of the United States, household real estate assets grew for the second consecutive quarter. The continued lack of existing for-sale inventory has contributed to the growth in households’ real estate assets. The level of household real estate assets increased by $510.25 billion from $45.03 trillion in.
Inman
DECEMBER 11, 2023
Broker Julie Busby shares the how and why of her brand's partnership with the Greater Chicago Food Depository and the impact it has had on agents, clients and the community.
BiggerPockets
DECEMBER 11, 2023
Don’t strive to become rich. Instead, become a “quiet” millionaire like Tae Kim, the “Financial Tortoise.
Inman
DECEMBER 11, 2023
According to consultant and strategist Kelly Rae White, companies that focus on building resilient operations, teams, systems and leaders are more likely to take advantage of demand surges and power through the effects of a downturn.
BiggerPockets
DECEMBER 11, 2023
Out of all of the things that could be stopping you, there's one entanglement that is most avoidable, yet countless investors get trapped in it.
Inman
DECEMBER 11, 2023
Want to highlight yourself and your business without sounding self-centered? Sotheby's Nikki Beauchamp shares tips for effectively blending dual promotion with self promotion.
BiggerPockets
DECEMBER 11, 2023
Airbnb's winter update is making waves, especially with investors, as the newly designed features will shake up the hosting experience. Here's what you need to know.
Mortgagebroker News
DECEMBER 11, 2023
Officials seem to believe that banks' balance sheets can handle the current state of the economy
BiggerPockets
DECEMBER 11, 2023
Multifamily units have been springing up in just about every city across the country, but these markets are building the most.
Mortgagebroker News
DECEMBER 11, 2023
More than 80% of its customers have already renewed their mortgages despite higher rates, says CEO
Boston Appraisal
DECEMBER 11, 2023
If you are buying or selling a property, or refinancing your home, you may encounter a real estate appraiser who will appraise your property based on its condition, features, location, and market trends and provide an appraisal valuation. The appraisal process is important for homeowners, buyers and sellers. Appraisals can affect the financing, the negotiation of the purchase price, and ultimately the closing of the sale or the loan.
GoForrmz
DECEMBER 11, 2023
“ The GoFormz-Acumatica integration has increased the communication between our office staff and our applicators in the field. Increasing that communication across the entire platform has been one of the biggest improvements we’ve seen. ” — Brian Kretsch, VP of Operations, Lake Restoration About Lake Restoration Located in Rogers, Minnesota, Lake Restoration has been dedicated to the restoration of lakes and ponds since 1977.
Mortgagebroker News
DECEMBER 11, 2023
Report delves into achievements of mortgage professionals and organizations across several professional categories
Lamacchia Realty
DECEMBER 11, 2023
THE HIDDEN COSTS OF SELLING YOUR HOME WITHOUT A REALTOR® There is no denying it, the housing market has been a rollercoaster over the last several years. From the Covid-19 driven frenzy in 2020 to the significant inventory slowdown this year , buyers , sellers , and agents have all had adapt and grow comfortable with change. In any given market, many homeowners think it’s a good idea to sell their homes by themselves.
Mortgagebroker News
DECEMBER 11, 2023
As CMAs countdown continues, CMP spoke with another of this year's winners
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