Housing Wire
FEBRUARY 27, 2024
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) this week announced the awarding of more than $14.5 million that will be distributed by public housing agencies (PHAs) across the country in an effort to house veterans. The funds will be distributed by the PHAs through more than 1,400 HUD-Veterans Affairs Supportive Housing (HUD-VASH) vouchers.
Real Estate News
FEBRUARY 27, 2024
Keller Williams’ charismatic co-founder kicked off the Family Reunion event with his hot takes on the housing market “winter” and how to get through it.
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Housing Wire
FEBRUARY 27, 2024
An update on loanDepot ’s January cyberattack shows that a higher number of individuals were affected than previously disclosed, while tens of millions of dollars in additional expenses will be added to the company’s first-quarter earnings results. On Tuesday morning, the top 15 U.S. mortgage lender announced that it will notify 16.9 million individuals whose sensitive personal information was impacted by the cyber incident. loanDepot will offer credit monitoring and identity protection services
Real Estate News
FEBRUARY 27, 2024
Despite market challenges, the Case-Shiller Index was up 5.5% annually in December, exceeding national averages over the past three decades.
Housing Wire
FEBRUARY 27, 2024
Seniors who have employed some kind of home-based health care service have a higher acceptance and adoption of home-based hospice services, which can provide personalized support for end-of-life care, according to a study by Rutgers University ’s School of Nursing. The findings were first reported by Hospice News. Published in the Journal of Palliative Medicine, researchers found that the observed outcomes could stem from the identification of health issues that may complicate end-of-life care p
Real Estate News
FEBRUARY 27, 2024
Revenue dipped, but Compass managed to gain more than 1,000 agents in 2023 and cut losses for the year nearly by half.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Real Estate News
FEBRUARY 27, 2024
The plaintiff, who paid a 2% commission, argues in the filing that “a truly competitive rate for buyers’ agents would in fact be 0%.
Housing Wire
FEBRUARY 27, 2024
Home prices maintained their momentum in late 2023. The S&P CoreLogic Case-Shiller U.S. National Home Price Index posted a 5.5% annual gain in December, up from a 5.1% gain in November, according to the latest report. For the first time in 2023, all 20 markets reported yearly gains, with four markets rising over 8%. The U.S. National Index, the 20-City Composite, and the 10-City Composite all posted month-over-month increases of 0.2%, after seasonal adjustment.
Real Estate News
FEBRUARY 27, 2024
CEO Glenn Kelman highlighted new programs and told investors the company isn’t interested in an ad war: “Our basic thesis is that the best product wins.
Housing Wire
FEBRUARY 27, 2024
It’s no secret that homeowners search online to find a listing agent who can sell their home quickly and for top dollar. But what if you could find them first? What if you could target the right prospects, at the right moment using data? If you’re an agent, team or brokerage looking to keep a pipeline of qualified listing leads coming your way, SmartZip may the solution you need.
Inman
FEBRUARY 27, 2024
Aaron Hendon shares some strategies to keep negative thoughts away and visualize good things for our businesses, especially when things are difficult.
Housing Wire
FEBRUARY 27, 2024
Keller Williams CEO Mark Willi s took to the KW Family Reunion stage in Las Vegas Tuesday as Pitbull’s “ I believe that we will win ” played over the speakers. Throughout Willis’ “State of the Company” address, he regularly echoed back to the iconic Pitbull song, as he looked to motivate attendees for the coming year. As he opened his talk, Willis discussed the friendship he cultivated with Pitbull in 2017.
Inman
FEBRUARY 27, 2024
Rent is now 0.7 percent lower for one-bedroom rentals nationwide than it was a year ago, but not in all markets, new report shows.
Housing Wire
FEBRUARY 27, 2024
Financial services consulting firm ThoughtFocus appointed Santhosh Ananthakrishnan to the position of chief business officer. In his new role, Ananthakrishnan will oversee growth strategies and report directly to ThoughtFocus CEO Shylesh Krishnan. “I am very impressed with the rich portfolio of long-term customer relationships that the firm has built,” Ananthakrishnan said in a statement.
The Appraiser Coach
FEBRUARY 27, 2024
I’ve already shared with you what I believe the most important key to success is: taking action. Without action, your ideas will never come to fruition. Period. Here, I’m going to tell you about the second most important key to success. When paired together, these two keys to success become a true powerhouse. The second key to success is confidence; confidence in your ideas and confidence in yourself.
Housing Wire
FEBRUARY 27, 2024
At the 2024 Keller Williams Family Reunion event in Las Vegas, co-founder and executive chairman Gary Keller took the stage on Tuesday and spoke to a room full of real estate agents about the importance of buyer agency agreements within the context of the ongoing antitrust lawsuits. Among other services, buyers’ agents help clients navigate the extensive paperwork and negotiate the sales price of a home.
Inman
FEBRUARY 27, 2024
California resident Andrea Freedlund is suing on behalf of homesellers who paid a buyer agent in the four years before Redfin announced it was leaving NAR, according to a suit filed in federal court.
Housing Wire
FEBRUARY 27, 2024
After slowing to a 30-year low in 2023, the gears of housing finance are re-engaging. But before diving back in headfirst, it would be worthwhile for lenders to think through what the last two years of scarcity reveal about the normal working model of an independent mortgage bank (IMB). Last year, Floify commissioned an independent study of 150 high-performing loan originators (LOs) to gain recruiting and retention insights.
Inman
FEBRUARY 27, 2024
Implement an A to Z branding and marketing plan from expert Marci James to establish yourself as a knowledgeable and trusted real estate adviser.
Housing Wire
FEBRUARY 27, 2024
California-based New American Funding (NAF), which recently acquired Draper and Kramer Mortgage Corp. (DKMC), has tapped industry veteran Mosi Gatling as senior vice president of strategic growth and expansion, a newly created role on NAF’s leadership team. Gatling was previously a sales manager at loanDepot , where she spent almost seven years. Last year, she produced about $78 million in mortgages, consisting mainly of Federal Housing Administration (58.8% of the total) and purchase loans (9
Inman
FEBRUARY 27, 2024
Only 31 percent of homebuyers or sellers try to negotiate a lower commission, but 64 percent of those who do succeed, LendingTree survey finds.
Housing Wire
FEBRUARY 27, 2024
Defendants in the Umpa copycat commission lawsuit filed a slew of motions on Monday as they sought to have the class-action allegations to be struck down and dismissed. Filed in late 2023 in the U.S. District Court for the Western District of Missouri , the lawsuit is named after its lead plaintiff, Maryland home seller Daniel Umpa. Like the other commission lawsuits, the Umpa suit alleges that the National Association of Realtors (NAR) and more than a dozen other real estate industry firms have
Inman
FEBRUARY 27, 2024
Redfin continued its recovery during the fourth quarter, with revenue declining 2 percent year over year to $218.1 million — a near 180 from its Q1 and Q2 showings where annual revenue declines topped 20 percent.
Housing Wire
FEBRUARY 27, 2024
Ocwen Financial Corp., parent company of PHH Mortgage Corp. and its subsidiary Liberty Reverse Mortgage , posted a $64 million loss in 2023 but sees a generally positive trajectory for its reverse mortgage origination and servicing businesses. This is according to an earnings release and conference call detailing the company’s fourth-quarter and full year 2023 results.
Inman
FEBRUARY 27, 2024
Alee Heidar is a rising star and was The Agency Seattle's No. 1 broker for the last two years. Now he and his brother, Yama Heidar, have joined Engel & Völkers Kirkland.
Housing Wire
FEBRUARY 27, 2024
Real estate brokerage Redfin revealed signs of progress in its fourth-quarter 2023 earnings report, signaling a potential turnaround after facing challenges earlier in the year. Fourth-quarter 2023 revenues at Redfin fell 2% year over year to $218.1 million, down from $222 million in Q4 2022. The company reported a net loss of $23 million in the final quarter of the year, down from a loss of almost $62 million in Q4 2022.
Inman
FEBRUARY 27, 2024
The real estate industry took a beating in 2023 — rising mortgage rates froze home sales, consumer sentiment slid to new lows, several landmark lawsuits threatened buyer-broker commissions, and the National Association of Realtors couldn't keep itself out of trouble. Although the industry is hoping for a brighter 2024, Keller Williams co-founder Gary Keller said agents need to prepare for another round of bitter headwinds.
Housing Wire
FEBRUARY 27, 2024
Although Compass failed to achieve its much publicized goal of being free cash-flow positive in 2023, brokerage executives were still positive about the company’s performance over the past year. “Even at these new op-ex [operating expense] levels, we continue to invest in agent growth, increasing market share, expanding our technology advantage with approximately $100 million in annual R&D, and continue our integrated services expansion,” Compass CEO and founder Robert Reffkin told investors
Inman
FEBRUARY 27, 2024
Home prices rose 5.5 percent on an annual basis in December, up from 5 percent in November, according to dueling data points released Tuesday by S&P Global and the Federal Housing Finance Agency.
Housing Wire
FEBRUARY 27, 2024
Pretium Partners , one of the nation’s largest investors in nonagency residential mortgages, announced the signing Tuesday of a strategic partnership with Hunter Point Capital (HPC) that is designed to support Pretium’s long-term growth. The deal gives HPC a minority investment stake in Pretium, which has more than $50 billion in assets under management and is the largest owner-operator of single-family rental (SFR) homes in the U.S.
Inman
FEBRUARY 27, 2024
The fast-growing brokerage also suffered a net loss of $83.7 million in the quarter, which was an improvement compared to the loss one year earlier.
Housing Wire
FEBRUARY 27, 2024
Real estate investment trust Rithm Capital , the parent of multichannel lender Newrez , has agreed to issue a one-year loan, purchase common stock and become the external manager of its peer Great Ajax Corp. New York-based Rithm Capital engaged in acquisitions last year to become a global asset manager focused on real estate. This year, it restructured its distributed retail business in a shrinking mortgage market, cutting managers and reducing compensation at NewRez, a top 10 mortgage lender an
Inman
FEBRUARY 27, 2024
The lender is offering 24 months of free identity protection services and credit monitoring from Experian to 16.9 million consumers affected by the January cyberattack.
Housing Wire
FEBRUARY 27, 2024
Mortgage technology firm Xactus named Michael Crockett as its chief operating officer. He previously served as the company’s chief data officer. In his expanded role, Crockett will guide day-to-day operations and key departments at Xactus, including credit, verifications and tenant screening. Crockett will also evaluate internal and external customer experiences, with a focus on enhancing service quality and technical support.
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