Fri.Dec 29, 2023

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First American says system has been restored; perpetrator stole data

Housing Wire

More than a week after it shut down systems to combat a cybersecurity incident , title insurance giant First American Financial says it has restored some key systems and “contained the threat.” Though details about the hack — which has delayed closings across the country — remain sparse, a filing was made with the Securities and Exchange Commission on Friday for the first time disclosing data theft. “As of the date of this filing, the Company believes it has contained the incid

Insurance 492
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The Ten: How commissions lawsuits defined the year, and what’s next

Real Estate News

The Sitzer/Burnett trial put a spotlight on compensation, but it’s far from “case closed” as questions — and lawsuits — about how agents get paid multiply.

Agents 259
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Homebuilders are primed for an even better 2024

Housing Wire

In some ways, 2023 was the year of the homebuilder. There wasn’t much competition from existing homeowners. And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. The business appears durable, too.

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Navigating land purchase and investment strategies

Inman

Land expert and new Inman Contributor Poujan Sadri offers insights to help you understand the world of land use and development for residential, commercial or industrial projects.

Investing 195
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How LOs, mortgage execs are preparing for 2024

Housing Wire

After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. The Federal Reserve recently signaled plans to slash interest rates three times in 2024, shifting toward the next phase in its monetary policymaking. “It finally seems like we are turning a corner and that’s good news after two years of the Fed’s negative perspective that we’ve heard,” Max Slyusarchuk, CEO of A&D Mortgage , said in

Mortgage 476
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How well do you remember 2023’s biggest real estate stories?

Inman

Scandals, lawsuits, technology and more dominated the headlines in what turned out to be one of real estate's most eventful years in recent memory.

More Trending

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5 things your broker is too nice to tell you, but you need to hear

Inman

You may not want to hear the truth, writes Jimmy Burgess, but you need to hear it if you want to make big improvements in your performance. Here are the five things you need to get real about.

Agents 192
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7 best online real estate schools in California for 2024

Housing Wire

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Choosing one of the best online real estate schools in California is your first step to joining our vibrant industry, and it’ll set you up for success for the state’s real estate exam. The state of California requires 135 hours of prelicensing coursework to become a licensed real estate salesperson. [ 1 ] Our rigorous review of California real estate schoo

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Pickleball and neutral walls: The top 5 home design trends for 2024

Inman

From warm neutrals and wood slat walls to personal pickleball courts and a renewed interest in furniture with curves, designers revealed their favorite home design trends for the new year.

Design 192
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6 best online real estate courses in New York (NY) for 2024

Housing Wire

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. To become a real estate agent in New York, you’ll need to complete 77 hours of real estate classes before you can sit the New York real estate exam and apply for your license. With so many approved, online options to choose from, we’ve pinpointed the best online real estate courses in New York using criteria that matter most to you: flexibility to fi

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The 31 biggest residential deals of 2023 commanded $50M or more

Inman

New York City and Palm Beach saw the greatest number of high-end luxury sales this year, while Los Angeles, marred by the new mansion tax, did not make the list.

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Twixmas is the perfect time to claim email amnesty

Housing Wire

Happy Twixmas, kids! First of all, let’s unpack this precious time between Christmas and New Year’s when real estate pros are left wondering, what the heck do I do with myself and all of this unclaimed time?! Yes, you can (and definitely should) follow the lead of your friends who are on salary by kicking back a little, relaxing, regrouping and spending a little extra time with your littles and loved ones, but you also have to admit, those of us who live from commission check to comm

Brokerage 447
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More agents than ever earn business from networking and SOI

Inman

From cold calling and radio shows to painting classes, agent efforts to grow sphere of influence aren't one-size-fits-all.

Agents 187
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The pandemic-induced migration boom is waning: Redfin

Housing Wire

As companies gradually enforce back-to-the-office policies, the share of homebuyers trying to relocate to a different metro area decreased in November for the third month in a row. The share dropped to 23.9%, the lowest level seen in a year-and-a-half, according to Redfi n. Compared to November 2022, the share of homebuyers trying to relocate fell 20 basis points from 24.1%.

Buyers 447
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Rocket’s new CEO Varun Krishna takes seat on board of directors

Inman

The mortgage lending giant's board of directors has been expanded from seven members to eight to accommodate the move. Krishna's term will expire at the company's 2026 annual meeting.

Lending 187
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Rocket’s Varun Krishna appointed to newly created board position

Housing Wire

Rocket Companies expanded its board of directors from seven to eight, giving its chief executive officer Varun Krishna a newly-created seat. Krishna was voted to serve as a Class III director, effective December 21, 2023, according to an 8-K filing with the Securities and Exchange Commission (SEC) on Thursday. Krishna will serve “for a term expiring at the company’s 2026 annual meeting of stockholders and until his successor is elected and qualified, subject to his earlier death, resignat

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A Maryland homeowner just filed yet another commission lawsuit

Inman

The case is the latest of numerous antitrust lawsuits that have emerged in the wake of the October verdict in Sitzer | Burnett. It names NAR, Compass, Redfin and others as defendants.

Realty 183
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Top Posts: The Size of the Housing Deficit

Eyes on Housing

With the end of 2023 approaching, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. At the end of 2022, Natalia Siniavskaia provided a new estimate for the current size of the U.S.

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These green building materials will create a more sustainable future

Inman

Forget concrete and steel. According to CEO and investment expert Avi Philipson, the future of building is greener and more sustainable and fueled by surprisingly traditional materials.

Investing 182
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What to Look for When Buying a Rental Property (7 Considerations)

BiggerPockets

Knowing what to look for when buying a rental property will save you time and money while reducing stress.

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The listings Inman writers couldn’t stop thinking about this year

Inman

From a French chateau to a two-flat in Chicago, here are some listings that caught the eye of Inman's writers this year.

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Functional Obsolescence for Appraisers

Appraisal Today

Understanding Functional Obsolescence in Appraisals By: McKissock Excerpts: For appraisers, functional obsolescence can be a challenging concept because the elements that influence property values may not be obvious or immediately apparent. To help you better understand what it means and how to pinpoint it, we’re exploring some examples the different types of functional obsolescence, and how it can influence property values.

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9 aha moments that significantly improved my life in 2023

Inman

Instead of just looking ahead to 2024, writes author and trainer Bernice Ross, it's a good idea to look back at some of the lessons you've learned and the challenges you've faced and apply those lessons to your upcoming plans.

Agents 179
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Top Post: Custom Home Building

Eyes on Housing

With the end of 2023 approaching, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. In November, we reported on recent declines for custom home building construction starts.

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Planning, popping bottles and toasting your 2024 achievements

Inman

As we launch ourselves into 2024, find out how eXp’s Troy Palmquist is creating inspiration, motivation and celebration to keep moving toward his goals.

Brokerage 176
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Cheryl Perry Qualifies for the 2023 Lamacchia Realty President’s Club

Lamacchia Realty

To close out her successful 2023, Cheryl Perry has officially qualified for the Lamacchia Realty President’s Club! This is Cheryl’s first time qualifying, and she reached this incredible achievement by closing 33 transactions this year. Cheryl has been crushing it in the Bristol County market since 2010, driven by her strong desire to help people achieve their real estate dreams.

Realty 72
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Reorzo’s location marketing solution needs to find itself first: Tech Review

Inman

Reorzo is a web app that integrates with Wordpress to give agents a way to deliver an AI chatbot and location-specific marketing reports and web pages, among other lead engagement tactics.

Marketing 138
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Safeguarding Your Legacy: Smart Strategies for Inheriting Homes with Ease

Eppraisal

As homeowners, we often strive to create a lasting legacy for our families. Ensuring a smooth inheritance process for your property is a crucial aspect of this legacy. We'll explore various ways to title your property, shedding light on the importance of wills and trusts to facilitate a seamless transition for your loved ones. Understanding the Basics of Property Titling Properly titling your property is the first step toward a hassle-free inheritance.

Tenants 59