Thu.Dec 21, 2023

article thumbnail

First American is the latest cybersecurity attack victim

Housing Wire

First American is the latest real estate firm to suffer a cybersecurity incident. Sources told HousingWire the incident occurred Wednesday afternoon, with First American confirming the incident Thursday morning. In a statement on the title company’s website it notes that First American has “taken certain systems offline” and that it is working to resume normal business operations as soon as possible.

Clients 528
article thumbnail

Judge reopens pocket listings case against NAR

Real Estate News

Following a review, Top Agent Network's lawsuit challenging NAR's Clear Cooperation policy — which had been dismissed in 2021 — will be able to proceed.

Agents 297
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Mortgage rates continue trending down before Christmas

Housing Wire

Mortgage rates stayed below 7% for the second week in a row, a welcome relief after a 17-week streak of above-7% rates. This week’s dip is the largest weekly drop since November 2022. The 30-year, fixed mortgage rate averaged 6.67% for the week ending Dec. 21, according to Freddie Mac ‘s Primary Mortgage Market Survey. That’s down from last week’s 6.95% and up from 6.27% the same week a year ago.

Mortgage 511
article thumbnail

Cyberattack hits major title insurance firm

Real Estate News

First American Financial is the latest real estate service provider to be targeted by hackers.

Insurance 279
article thumbnail

Busting VA mortgage loan myths

Housing Wire

There’s no higher honor than serving in the United States Military , which I deeply understand as a former Army sergeant. And, like many of my fellow service members, I’ve experienced firsthand the sense of missing out on a significant benefit we’ve rightfully earned protecting our freedoms — the VA mortgage loan — which stands as one of the most powerful tools that our nation’s veterans and active-duty military personnel can use to purchase a home and build long-term financial

Mortgage 468
article thumbnail

Mortgage rates tumble, reach lowest level since June

Real Estate News

For those who can find a home to buy, falling rates will provide significant relief.

Mortgage 279

More Trending

article thumbnail

The Ten: New face of NAR meets pivotal moment with confidence

Real Estate News

On stages large and small, NAR President Tracy Kasper is making a compelling push to retake the Realtor narrative and highlight efforts to expand homeownership.

Realtors 278
article thumbnail

Dovenmuehle Mortgage to lay off several hundred in Illinois

Housing Wire

Dovenmuehle Mortgage , a mortgage sub-servicing company, has informed authorities in Illinois that it will impose a layoff affecting hundreds of employees next year. The company has decided to cut 212 jobs in its Lake Zurich site starting on Feb. 16, 2024, per a Worker Adjustment and Retraining Notification Act (WARN) filed with the Illinois Department of Commerce and Economic Opportunity. “This action is a partial reduction in the company’s workforce at the site above; the compa

article thumbnail

Property Tax Revenue Continues to Climb

Eyes on Housing

NAHB analysis of the Census Bureau’s quarterly state and local tax data shows that $129 billion in taxes were paid by property owners in the third quarter of 2023 (not seasonally adjusted).[1] In the four quarters ending Q3 2023, state and local governments collected $757 billion of property tax revenue—an 11.6% increase over Q3 2022. The year-over-year growth rate of property tax revenue.

article thumbnail

Guaranteed Rate’s Kate Amor on a bespoke tech approach

Housing Wire

HousingWire Editor in Chief Sarah Wheeler sat down with Kathryn Amor, senior vice president and head of enterprise products at Guaranteed Rate , to talk about the intersection of product and technology. Sarah Wheeler: You joined Guaranteed Rate in January of 2023. What drew you to that role? Kathryn Amor: Their amazing tech stack was a really important factor.

article thumbnail

Nest Seekers sues Serhant in CT, adding to string of lawsuits

Inman

The $10 million lawsuit alleges two former Nest Seekers managers stole the firm's commissions, clients, intellectual and other confidential property as Ryan Serhant used "unfair and deceptive trade practices" to launch SERHANT. in Connecticut.

Clients 193
article thumbnail

Consumer Confidence Surged in December

Eyes on Housing

Consumer confidence jumped to a five-month high as consumers were more optimistic about inflation and the economic outlook. This optimism was primarily driven by slowing inflation, expectations of lower interest rates, and fading fears of recession. The Consumer Confidence Index, reported by the Conference Board, rose 9.7 points from 101.0 to 110.7 in December, the highest level since August 2023.

172
172
article thumbnail

Broker Spotlight: Abel Gilbert, ONEPATH Realty

Inman

Find out how this Miami broker-owner turned a personal connection to homeownership into a passion for brokerage leadership.

Realty 192
article thumbnail

How to Get Started in Real Estate Investing (6 Actionable Steps)

BiggerPockets

Many people dream of investing in real estate, but most never take the first step. If you want to get started in real estate investing, there are six actionable steps you can take today.

article thumbnail

Title insurer First American Financial is hackers’ latest target

Inman

The nation's second biggest title insurer issues terse statement saying it's taken some systems offline. A ransomware group known as Blackcat, ALPHV or Noberus has infiltrated the computer networks of more than 1,000 victims.

Insurance 190
article thumbnail

Where Will the Commercial Real Estate Market Go In 2024? A Look at Each Sector

BiggerPockets

Pandemic and post-pandemic behaviors had a pronounced impact on commercial real estate, and that’s set up 2024 to be a year of normalization.

article thumbnail

These 3 keys unlock optimal performance for real estate teams

Inman

Sotheby's agent Nikki Beauchamp offers insights gleaned from "Harvard Business Review" to help you bring out the best in your team, brokerage or professional organization.

article thumbnail

Giving Your Tenants a Gift for Christmas Is Nice—But Is It the Right Thing To Do?

BiggerPockets

The holidays are here! The egg nog is flowing along with the cash, and you’d like to keep it that way.

Tenants 92
article thumbnail

Kanye West asks $53M for windowless home sans electricity

Inman

West has abandoned a remodeling job on the Tadao Ando-designed property after getting sued by a live-in contractor and caretaker in September for allegedly forcing him to work 16 hours per day and sleep on the floor near open insulation.

Design 188
article thumbnail

We Asked Two Investors About the Best Markets To Invest In—Here’s Where They Said To Go

BiggerPockets

When it comes to investment predictions, everyone has their own crystal ball about which markets are sure to win and which are sure to lose.

article thumbnail

Colleen’s AI property management solution automates rent collection

Inman

Colleen’s suite of products address a range of communications and apartment community needs for managers in the multifamily space, including lease renewal engagement, rent submission and other lease term milestones.

article thumbnail

Lean FI in 6 Years, Fat FI in 10, and Quitting Your Job The FIRE Way

BiggerPockets

At twenty-nine years old, Andy Johnson had achieved lean FIRE. He had enough to survive but not enough to make his future family comfortably financially free.

92
article thumbnail

23 marketing ideas that make the most of the holiday season

Inman

Marketing and PR expert Molly McKinley offers ways that you can give back to clients and colleagues this holiday season and stay connected to those who matter most in your business.

Marketing 183
article thumbnail

Why Don’t Investors Just Buy Shares of REITs Instead of Rental Properties?

BiggerPockets

If you’ve thought about allocating some money into real estate, you’ve probably come across two attractive real estate investing options: Both options are very popular, and they each have their […]

article thumbnail

HomeScout resurfaces with the acquisition of Trinity Oak Partners

Inman

HomeScout, a real estate technology company for agents and mortgage professionals, acquired Trinity Oak Partners, a lead generation service.

article thumbnail

The Key to Scoring Discounted Deals in One of America’s Hottest Markets

BiggerPockets

Remy was looking for rental properties in one of America’s hottest housing markets. He knew picking up one rental property, let alone a multifamily, wouldn’t be cheap.

article thumbnail

Teams Spotlight: Vincent Kessel, Kessel Luxe Lifestyle

Inman

Find out how South Florida team leader Vincent Kessel learned to lead by example to achieve truly extraordinary results.

Agents 181
article thumbnail

Fraudster Steals Fla. Mansion, Threatens Actual Owners

Empire Appraisal Group

Fraudster Steals Fla. Mansion, Threatens Actual Owners By Kerry Smith A Tampa court sentenced a man to 17 years for faking a charity that faked a Fla. mansion purchase – and then threatening to kill the real owners to keep them quiet. TAMPA, Fla. – According to court documents, Alexander Leszczynski, created a fake charity and then used that charity to create a fake warranty deed for a transfer of property in Redington Shores, Florida, in October 2020.

Legal 78
article thumbnail

Rebecca Donatelli is pioneering change in real estate

Inman

In his latest Snapshot, Brandon Doyle looks at how Rebecca Donatelli is moving the industry forward through leadership, mentoring and education.

article thumbnail

Big Data and Renewable Energy: The Fast Track to Digital Transformation

GoForrmz

Is your business using Big Data the best way possible? In the dynamic landscape of renewable energy, businesses are increasingly turning to Big Data as a catalyst for operational improvements and sustainable growth. The convergence of renewable energy sources and data analytics presents an unprecedented opportunity for businesses to optimize operations, drive efficiency, and foster innovation in this burgeoning industry.

article thumbnail

Sprawling waterfront Miami mansion lists for $36M

Inman

The mansion was the home of Fanny and Charles Dascal, a prominent Miami couple who came to the United States from Cuba and founded Continental National Bank.

175
175
article thumbnail

Can brokers 'Uber-ize the Canadian Mortgage experience?'

Mortgagebroker News

"Suggest to me, recommend to me, inform me, educate me, and add value to me"

article thumbnail

Keller Williams appoints 2 new executives before year’s end

Inman

Texas-based franchisor Keller Williams has tapped longtime mega agents and team leaders Wendi Harrelson and John Clidy to join its executive suite as the new vice president of growth and the new president of KWRI-Owned Regions, according to an announcement Wednesday.

Agents 144
article thumbnail

How is interprovincial migration influencing Alberta's growth?

Mortgagebroker News

The province has posted substantial population gains brought about by interprovincial migration over the last few quarters

74