Housing Wire

OCTOBER 11, 2024

Brokerages are scrambling to adapt to the post-settlement landscape of real estate, and more of them are turning to the same method for growing their headcount — acquiring new teams. The addition of teams is an efficient way for major brokerages to bolster agent counts and boost sales volumes on their income statements. But a new survey reveals diversity in the ways that teams are structured and how they produce different outcomes.

Real Estate 430

Real Estate Brokerage Legal Agents 430

Appraisal Buzz

OCTOBER 11, 2024

Do rising mortgage rates necessarily trigger an economic recession or vice versa? With six of 10 distinct housing recessions since the 1970s preceding an economic recession (as determined by the National Bureau of Economic Research Business), it is tempting to answer, “yes.” But real estate economists say it’s not so simple. “Let’s not mistake correlation for causation,” said researcher and Deputy Chief Economist for First American Financial Corporation Odeta Kushi , who publishes quarterly anal

Housing Market 416

Housing Market Marketing Construction Real Estate 416

Housing Wire

OCTOBER 11, 2024

The real estate industry is currently divided over the National Association of Realtors’ Clear Cooperation Policy, but one local Realtor association and MLS has decided to move beyond just voicing an opinion. In an email sent to members on Oct. 3, Utah-based Park City Board of Realtors (PCBR) announced that it would no longer be enforcing the clear cooperation rule, as first reported by Inman News.

Realtors 430

Realtors Legal Agents Real Estate 430

Appraisal Buzz

OCTOBER 11, 2024

The U.S. Department of Housing & Urban Development (HUD) follows up their record-setting $16 billion in federal funding and investments in Historically Black Colleges and Universities and $138 million in awards grants for 18 state housing agencies to create affordable homes and expand support services for adults living with disabilities by expanding its counseling services, forming a new partnership with Zillow to attract the next generation of homebuyers, and issuing a new final rule allowi

Transportation 370

Transportation Advertising Modernization Design 370

Housing Wire

OCTOBER 11, 2024

SERHANT. has added a high-performing team to its presence in Charleston, South Carolina. Key Avenue Group is leaving Keller Williams for SERHANT., bringing a team with more than $300 million in career sales. Key Avenue is led by Christopher Smith and Patrick Ryan. SERHANT. first entered South Carolina in 2023. “We chose SERHANT. because we feel the real estate industry is in need of change,” Smith said in a statement.

Brokerage 417

Brokerage Agents Real Estate Technology 417

Appraisal Buzz

OCTOBER 11, 2024

Ginnie Mae and the U.S. Department of Housing & Urban Development (HUD) will co-host the “Mortgage Market Resilience and Access to Credit Summit” on Tuesday, October 15 at HUD’s headquarters. This event will explore the intersection between liquidity for mortgage lenders, servicers, and mortgage-backed securities Issuers, and the preservation of borrowers’ access to affordable credit throughout the economic cycle.

Mortgage 369

Mortgage Marketing Finance Retail 369

Appraisal Buzz

OCTOBER 11, 2024

The Federal Housing Finance Agency (FHFA) has launched a new index measuring price trends for manufactured homes using national datasets. The new index provides quarterly data on the movement and level of manufactured home prices nationally. It will be included with FHFA’s quarterly home price index. “FHFA’s new data resource on manufactured homes provides relevant, up-to-date information on an important but less-understood segment of the housing market,” says Sandra L.

Housing Market 332

Housing Market Finance Development Appraisal 332

Housing Wire

OCTOBER 11, 2024

The U.S. Department of Justice (DOJ) announced on Thursday a $6.5 million agreement with Citadel Federal Credit Union to settle allegations of lending discrimination in certain neighborhoods of Philadelphia with majority Black and Hispanic populations. This is the DOJ’s first redlining settlement involving a credit union. The sector includes 4,600 financial institutions across America, which are subject to federal laws, including those pertaining to redlining and other forms of discrimination.

Lending 417

Lending Modernization Law Investing 417

Appraisal Buzz

OCTOBER 11, 2024

AJ Samadani Reggora , an appraisal management software company, has announced that AJ Samadani has joined the company as Director of Business Development and Partnerships, where he will oversee all business development and partnership functions. “We are excited to welcome AJ during such a pivotal time for our company,” said Reggora CEO Brian Zitin. “His expertise in helping high-volume mortgage lenders and his customer-first mentality will be invaluable to Reggora as we continue to build partner

Development 221

Development Business Technology Appraisal 221

Housing Wire

OCTOBER 11, 2024

As those on a fixed income continue to wrestle with rising property taxes , the mayor of South Portland, Maine , recently recommended that area seniors explore reverse mortgages as a potential option to add financial flexibility. After enduring backlash, Mayor Misha Pride has walked back his comments. “Contemplating the recent rise in property values, I suggested some seniors might consider a reverse mortgage,” Pride wrote in a letter to t he editor of the Portland Press Herald on Thursday.

Property Taxes 417

Property Taxes Mortgage Law Tools 417

Appraisal Buzz

OCTOBER 11, 2024

Candor Technology has expanded its Loan Engineering System (LES) to include Federal Housing Administration (FHA) loans. In an industry first, Candor’s LES not only automates underwriting decisions for FHA loans but also offers a warranty on income calculations and cleared conditions for funded FHA loans. “There is no other automated underwriting technology that helps lenders make decisions on FHA loans like ours,” says Mark Hinshaw, CEO of Candor Technology, in a release.

Technology 195

Technology Loan Officers Insurance Investing 195

Housing Wire

OCTOBER 11, 2024

Mortgage business has increased recently for Wells Fargo head Charlie Scharf, left, and JPMorgan Chase CEO Jamie Dimon, but will it last? JPMorgan Chase and Wells Fargo are starting to feel the effects of the Federal Reserve ’s 50-basis-point rate cut in September on their mortgage businesses. On Friday, both banks reported an uptick in home lending during the third quarter of 2024 compared to the previous quarter.

Mortgage 417

Mortgage Lending Business Retail 417

Appraisal Buzz

OCTOBER 11, 2024

Mortgage automation software provider Floify has launched Floify Verify, a native verification of income and employment service. Powered by Argyle, Floify Verify streamlines the mortgage origination process by allowing lenders to verify income and employment at a cost-effective price point, without the hassle of managing additional third-party vendors, the company says in a release.

Business 195

Business Mortgage Appraisal 195

Housing Wire

OCTOBER 11, 2024

Coldwell Banker Realty is welcoming even more agents to the firm. On Friday, the Anywhere firm announced the affiliation of Beacon, NY-based Daniel Aubry Realty. The affiliation marks the opening of the first Coldwell Banker Realty office in Dutchess County, New York. The firm was founded in 2009 by broker-owner Daniel Aubry. He and six real estate sales professionals, including associate broker Ron Donofrio, Julian Park, Veshtrim Osmani, Danielle Velez, Matan Broshi and James Murphy are making

Realty 417

Realty Real Estate Agents Brokerage 417

Appraisal Buzz

OCTOBER 11, 2024

The driving costs associated with owning a home account for 34% of the average national salary; according to Redfin , this percentage decreases when mortgage rates decline and the surge in housing prices subsides; historically, affordability also increases slightly but remains inadequate. After 60 Days On The Market, Half Of All Home Listings Have Become Stale And Unsold August experienced a further slowdown in the lackluster summer market, with home sales reaching a record low since the epidemi

Buyers 195

Buyers Contracts Design Marketing 195

Real Estate News

OCTOBER 11, 2024

A decision by Park City Realtors could signal a shift in local associations’ willingness to abide by NAR policies, and comes as the CCP debate intensifies.

Realtors 244

Realtors 244

Appraisal Buzz

OCTOBER 11, 2024

Sales of existing homes fell 1% month over month and 3.1% year-over-year in August—to a seasonally adjusted annual rate of 4,042,369. That’s the lowest level in records dating back to 2012, with the exception of May 2020, when the pandemic brought the housing market to a standstill. Pending sales—a more current gauge of housing market activity that includes both existing and newly constructed homes—fell to the lowest level on record aside from April 2020.

New Listings 195

New Listings Buyers Housing Market Real Estate Agent 195

Real Estate News

OCTOBER 11, 2024

A recent survey found that many agents are not satisfied with local association services and find MLSs less relevant in light of new industry rules.

Agents 251

Agents 251

Appraisal Buzz

OCTOBER 11, 2024

Financial Dwellings , a mortgage firm serving Colorado, has partnered with Calque to provide “buy-before-you-sell” loan programs including the Trade-In Mortgage and Contingency Buster. This strategic partnership harnesses the strengths of both companies to deliver innovative and reliable mortgage products designed to simplify the home-buying and selling process for borrowers, Calque says in a release.

Mortgage 195

Mortgage Real Estate Agent Design Inventory 195

Real Estate News

OCTOBER 11, 2024

Defendants seek dismissals in the Missouri case; leading Utah MLS dropped from lawsuit involving flat-fee brokerage; eXp files settlement.

Brokerage 211

Brokerage 211

Inman

OCTOBER 11, 2024

The Park City Board of Realtors informed the National Association of Realtors it would no longer require agents to comply with the pocket listing rule due to fear of litigation.

Realtors 184

Realtors Agents Realty Brokerage 184

Real Estate News

OCTOBER 11, 2024

Zillow acquires virtual staging app; CubiCasa now turning floor plans into virtual tours; new CoreLogic platform integrates data; Propy and Inspectify team up.

Tools 177

Tools 177

Inman

OCTOBER 11, 2024

While repping their former marital home, Alyssa Morgan presented her ex, John Jansheski, with a $70 million offer, which he declined. Several months later, he accepted a $57 million offer from the same buyer after he had assigned a new listing agent.

New Listings 172

New Listings Agents Buyers Mortgage 172

Eyes on Housing

OCTOBER 11, 2024

Prices for inputs to new residential construction—excluding capital investment, labor, and imports—decreased 0.6% in September according to the most recent Producer Price Index (PPI) report published by the U.S. Bureau of Labor Statistics. Compared to a year ago, this index was down 0.1% in September after an increase of 1.0% in August. The inputs to.

Construction 94

Construction Investing 94

Inman

OCTOBER 11, 2024

Industry analyst Mike DelPrete writes that manipulating the display of data has the potential to mislead individual retail investors, eroding long-term trust.

Retail 176

Retail Investors Investing 176

Eyes on Housing

OCTOBER 11, 2024

Residential improvement spending softened in 2023 due to elevated interest rates, high inflation, and sluggish home sales. According to the Bureau of Economic Analysis’ National Income and Product Accounts (NIPA), expenditures for residential home improvements rose 2% to $363 billion in 2023, from $356 billion in 2022. The 2% year-over-year (YOY) gain in 2023 marks.

Home Improvement 86

Home Improvement Marketing 86

Inman

OCTOBER 11, 2024

Led by broker-owner Daniel Aubry, Daniel Aubry Realty comprises a team of six agents who bring a wealth of experience in both commercial and residential real estate, backed by Aubry’s extensive background in the industry.

Realty 176

Realty Real Estate Agents Brokerage 176

Appraisal Today

OCTOBER 11, 2024

Newz: AI Limits, VA News, New UAD, Hurricane Risks October, 11 2024 What’s in This Newsletter (In Order, Scroll Down) Intended Use and User (LIA Ad) The Limits of AI: When the intelligence is artificial, common sense is a superpower Vila Siena In Bel-Air CA Is The Most Insane Mega-Mansion EVER at $177,000,000 The New UAD: Opportunity, Confusion or Threat?

Appraisal 76

Appraisal Insurance Contracts Valuation 76

Inman

OCTOBER 11, 2024

Rick Guerrero and social media star Jenny Lynn Tran discuss how you can use content to add value, educate, and connect with clients and colleagues.

Clients 176

Clients Marketing Agents 176

BiggerPockets

OCTOBER 11, 2024

the traditional retirement model just doesn’t work well. To put it bluntly, the math sucks. I can do better—and so can you.

Real Estate 80

Real Estate 80

Inman

OCTOBER 11, 2024

Connecticut has entered into a consent decree revoking the fintech mortgage lender's license, and LoanSnap has been put on notice by California regulators that they intend to do the same.

Business 180

Business Mortgage Technology 180

Lamacchia Realty

OCTOBER 11, 2024

A Memorable Trip to Aruba with the Lamacchia Realty President's Club Lamacchia Realty’s President’s Club makes its way back to Aruba! This was an all-inclusive, all-expense paid trip to the Riu Palace Antillas Hotel in Palm Beach, Aruba where members spent a week filled with plenty of fun and activities including snorkeling and sailing, time to relax and lounge on the beach and by the pool, and group dinners out on the town to celebrate their successes!

Realty 60

Realty Realtors Agents Clients 60

Inman

OCTOBER 11, 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 167

Brokerage Agents 167

BiggerPockets

OCTOBER 11, 2024

When you start them early enough, your investments can perform shocking feats of strength.

Real Estate 69

Real Estate Investing 69