Housing Wire

JUNE 28, 2024

The primary shareholders of REcolorado — the Denver Metro Association of Realtors (DMAR) and the South Metro Denver Realtor Association (SMDRA) — have fired the current board and announced the name of the company they are selling their shares to: MAZL, LLC., headed by J. Burks. According to a statement released Friday from DMAR and SMDRA, their board members have “signed and submitted a joint, unanimous resolution removing all REcolorado board members from their position and duties,

Buyers 328

Buyers Realtors Brokerage Real Estate 328

Appraisal Buzz

JUNE 28, 2024

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Legal 384

Legal Law Real Estate Clients 384

Housing Wire

JUNE 28, 2024

Homeowners 62 and older saw their collective home equity levels rise in the first quarter of 2024 by roughly $328.5 billion to a total of $13.19 trillion, a recovery after decreases observed over the past year. This is according to the Reverse Mortgage Market Index (RMMI), a measure of senior-held home equity maintained by the National Reverse Mortgage Lenders Association (NRMLA) and data analytics firm RiskSpan.

Transportation 363

Transportation Home Value Mortgage Marketing 363

Appraisal Buzz

JUNE 28, 2024

The Merriam-Webster Dictionary defines the “sandwich generation” as a generation of people who are caring for their aging parents while supporting their own children—and according to new research by Realtor.com, 17% (or one-in-six Americans) of Americans fall into this designation who are taking care of children under 18, and their parents/grandparents; an impact which has surprisingly led them to homeownership.

Housing Market 354

Housing Market Marketing Finance Lending 354

Housing Wire

JUNE 28, 2024

After initially announcing the development of a new Home Equity Conversion Mortgage (HECM)-backed Securities ( HMBS ) program in January, government-owned company Ginnie Mae — which oversees the government’s mortgage-backed securities (MBS) portfolio — released a highly anticipated term sheet this week for what is being referred to as “HMBS 2.0.” To get a better understanding of the newly proposed program and what it hopes to accomplish, HousingWire ’s Reverse Mortgage Daily (RMD) sat down with

Development 329

Development Design Mortgage Government 329

Appraisal Buzz

JUNE 28, 2024

We have yet to find out the full extent of the court-ordered National Association of Realtors (NAR) settlement back in March on the topic of commissions in which the NAR is expected to pay $418 million over a four-year period in damages and will change numerous rules that housing experts believe will lower house costs going forward. This settlement is the culmination of a series of lawsuits against the NAR which will ultimately do away with standard commissions.

Brokerage 354

Brokerage Real Estate Agents Real Estate Agent 354

Real Estate News

JUNE 28, 2024

The California association said the Consumer Federation of America’s assessment was “misguided” and that its forms will be fully compliant.

Buyers 261

Buyers 261

Housing Wire

JUNE 28, 2024

Real estate investors in nine states just gained a new option for finding homes and agents. Easy Street Offers announced Friday that it’s expanding its operations to include states with increasingly hot housing markets — and geographically, these are all over the country. The states added are Utah, Pennsylvania , Oklahoma , Missouri , Kansas, Indiana, Florida, Georgia and Colorado.

Investors 314

Investors Real Estate Agents Valuation 314

Appraisal Buzz

JUNE 28, 2024

Pending home sales decreased 2.1% in May compared with April and were down 6.6% compared with May 2023, as higher mortgage rates continued to keep homebuyers on the sidelines, according to the National Association of Realtors (NAR). Regionally, and month over month, contract signings declined in the Midwest and South but increased in the Northeast and West.

Inventory 195

Inventory Contracts Realtors Mortgage 195

Housing Wire

JUNE 28, 2024

The mortgage origination industry has long made use of an operational strategy that relies on “staffing up” during cycles of high volume and then making staff reductions, sometimes en masse, when origination volume declines. While this was once a necessary business strategy, the technology now exists to implement a much more efficient approach. In order to achieve this, lenders need to take a thoughtful approach to the implementation of technology, and the very highest decision makers need to pu

Lending 303

Lending Mortgage Technology Training 303

Real Estate News

JUNE 28, 2024

The Realtor association owners of the MLS said the decision was made “in the best interests of our collective membership” following confidentiality violations.

Buyers 222

Buyers Realtors 222

Housing Wire

JUNE 28, 2024

Title insurance provides vital protection to the largest and most important purchase most Americans will ever make—their home. Without this essential product, owners could be forced to pay out of pocket to settle costly challenges to their ownership rights—or even worse—lose their home. Unfortunately, the Consumer Financial Protection Bureau (CFPB) recently issued a Request for Information (RFI) on mortgage closing costs—including title insurance—that continues a concerning pattern of labeling l

Insurance 302

Insurance Property Taxes Sellers Development 302

Real Estate News

JUNE 28, 2024

Watch the conversation with speaker and “crazy idea” guy Kyle Scheele as he explains how the power of storytelling can foster lasting client relationships.

Client Relationships 185

Client Relationships Clients 185

Housing Wire

JUNE 28, 2024

The remaining brokerage defendants in the Batton 2 homebuyer commission lawsuit filed a joint motion to dismiss the suit last week. This is the second time the remaining defendants have looked to get the case dismissed. In the motion filed by Compass , eXp World Holdings , Redfin , Weichert Realtors and United Real Estate , the defendants claim that the homebuyer plaintiffs are simply trying “to parrot the allegations they made in an amended complaint,” filed in the Batton 1 commission laws

Brokerage 289

Brokerage Realtors Law Real Estate 289

Real Estate News

JUNE 28, 2024

A Nevada lawsuit was dismissed this week, but an amended sexual misconduct complaint filed in California could put company leadership back in the hot seat.

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Housing Wire

JUNE 28, 2024

San Jose -based EquiFi Corp. , a provider of shared equity financing products, announced Thursday that it hired Paul Giangrande as a corporate executive vice president and president of its mortgage division. Giangrande previously served as president of AmeriCash Mortgage and has more than 30 years of experience in the financial services and mortgage arenas.

Mortgage 287

Mortgage Finance Investing Brokerage 287

Real Estate News

JUNE 28, 2024

Two cases involving REBNY as well as the Nosalek case are now on hold, but a Pennsylvania case will move forward — and so will MLS PIN.

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163

Housing Wire

JUNE 28, 2024

Despite lacking final court approval — and while facing vocal disapproval from the Department of Justice — MLS Property Information Network has decided to move forward in implementing some of the changes outlined in its settlement agreement for the Nosalek commission lawsuit. In an email sent to MLS PIN customers on June 20 and obtained by HousingWire , the MLS states that, effective immediately, listing brokers and agents are able to submit listings to its platform without offering any cooperat

Sellers 281

Sellers Legal Agents Realtors 281

Inman

JUNE 28, 2024

Owners of the 16th largest MLS in the country plan to sell to a newly formed private company called MAZL that is run by a person identified only as J. Burks.

Realtors 168

Realtors 168

Eyes on Housing

JUNE 28, 2024

According to Freddie Mac, the average 30-year fixed-rate mortgage decreased by 14 basis points (bps) from 7.06% in the previous month to 6.92% in June 2024. This decline comes after increases from 6.64% in January to a peak above 7.2% in May. Nonetheless, the current rate is still higher from one year ago by 21.

Mortgage 136

Mortgage Finance 136

Inman

JUNE 28, 2024

The Federal Reserve's preferred inflation gauge fell to 2.56 percent in May, getting closer to the Fed's 2 percent target for the 2nd month in a row. Core inflation reading is lowest since March 2021.

Mortgage 153

Mortgage Agents Marketing 153

Eyes on Housing

JUNE 28, 2024

The budget deficit in 2024 is expected to total $1.9 trillion, according to the Congressional Budget Office’s most recent June estimates. This marks a $408 billion increase from the $1.5 trillion estimate published in February. This increase is the result of increased spending of $363 billion and decreased revenues of $45 billion for the year.

Investing 114

Investing 114

Inman

JUNE 28, 2024

The Netflix series focuses on Serhant's agents and lifts the stakes on real estate-focused reality TV thanks to high production values and sophisticated plotting, reporter Lillian Dickerson writes.

Real Estate 145

Real Estate Agents Brokerage 145

Eyes on Housing

JUNE 28, 2024

Real gross domestic product (GDP) increased in 39 states and the District of Columbia in the first quarter of 2024 compared to the last quarter of 2023 according to the U.S. Bureau of Economic Analysis (BEA). Ten states reported an economic contraction during this time, while Maryland reported no change. The percent change in real.

Contracts 106

Contracts Marketing 106

Inman

JUNE 28, 2024

TJ Lewis Real Estate is based in Austin, Keller Williams' home turf, and has done $27.9 million in volume this year so far.

Agents 173

Agents Real Estate Brokerage 173

BiggerPockets

JUNE 28, 2024

HomeRise, a nonprofit housing developer that has received more than $200 million in grants and loans from the city of San Francisco, declares on its website

Development 79

Development Real Estate 79

Inman

JUNE 28, 2024

The home's current owners, heiress Brinah Milstein and reality TV producer Roy Bank, had hoped to demolish the home and said that instead of selling, they will continue their legal fight against the city of LA.

Legal 140

Legal 140

Lamacchia Realty

JUNE 28, 2024

On June 17, 2024, at Lamacchia Realty’s monthly company updates meeting, Chief Operating Officer Jackie Louh proudly announced that effective immediately, Massoud Atallah had joined Lamacchia Realty as the Senior Vice President of Business Development. Massoud has spent 23 years at a competitor real estate company in various positions, with 12 of those years as Sales Manager at multiple Massachusetts branch offices.

Realty 67

Realty Development Business Realtors 67

Inman

JUNE 28, 2024

The merger brings on Katy Thielke Straser's seven-person team and allows Jones Fridman International to expand its market area into Northern California. The team now represents about $25 billion in career sales.

Marketing 132

Marketing Agents 132

BiggerPockets

JUNE 28, 2024

Christian Lown is leaving the housing behemoth for another giant, CoStar. Where does that leave Freddie Mac?

Real Estate 76

Real Estate 76

Inman

JUNE 28, 2024

Mindfulness is a powerful and practical skill that can enhance your edge, efficiency and performance in both personal and professional realms, broker and coach Aaron Hendon writes.

Agents 128

Agents 128

BiggerPockets

JUNE 28, 2024

Amazon's housing fund is focused on creating affordable housing, but its impact is mixed.

Real Estate 73

Real Estate 73

Inman

JUNE 28, 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 130

Brokerage Agents 130

BiggerPockets

JUNE 28, 2024

If your syndicator has stopped distributions and refusing to communication, you can follow these steps to determine what is going on.

Investing 57

Investing 57