Housing Wire

OCTOBER 30, 2024

Some of the most powerful women in real estate have taken the industry’s coaching space into their own hands. A group of current and former real estate executives have launched The Helm, a coaching platform designed to provide professional development to a more diverse audience. Co-founded by Danielle Wilkie and Heather Frick — formerly of Compass and Oracle, respectively — The Helm aims to help both seasoned veterans and entry-level professionals.

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Real Estate Real Estate Agent Realty Realtors 441

Appraisal Buzz

OCTOBER 30, 2024

It’s been a year of cautious growth for luxury real estate, so it’s the perfect time for PropertyShark to come up with a list of the 100 most expensive zip codes in America. And the winner is … Atherton, California (again). Located just north of Menlo Park in northern California, Atherton takes the crown for the most expensive zip code in the nation for the eighth consecutive year, with a 2024 median sale price of $7,900,000.

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Real Estate Sellers Marketing Appraisal 320

Housing Wire

OCTOBER 30, 2024

A 60 basis point increase in mortgage rates in October has strangled mortgage demand, particularly for refinancings , according to the latest survey data from the Mortgage Bankers Association. Mortgage applications overall decreased 0.1% from one week earlier, per the MBA ‘s weekly applications survey for the week ending Oct. 25. The Market Composite Index, a measure of mortgage loan application volume, decreased 0.1% on a seasonally adjusted basis from one week earlier, but fell 1% on an

Mortgage 441

Mortgage Government Inventory Marketing 441

Appraisal Buzz

OCTOBER 30, 2024

The National Association of REALTORS (NAR) reports that pending home sales increased in September. Transactions increased month over month in all four major regions. While sales in the Midwest and South stayed stable, the Northeast and West saw gains year-over-year. September saw a 7.4% increase in the Pending Home Sales Index (PHSI), a measure of future home sales based on contract signings, to 75.8, the highest level since March (78.3).

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Housing Wire

OCTOBER 30, 2024

Lower mortgage rates in September had a measurable impact on home sales. According to data released Wednesday by the National Association of Realtors (NAR), pending home sales in September jumped 7.4% compared to August and 2.6% year over year. NAR’s index reading of 75.8 is the highest number since March. An index reading of 100 equates to sales activity in 2001.

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Mortgage Realtors Housing Market Finance 428

Appraisal Buzz

OCTOBER 30, 2024

ServiceLink SVP of Product Innovation Hemanth Panyam ServiceLink has announced the appointment of Hemanth Panyam as SVP of Product Innovation. Panyam, a data-oriented, hands-on leader, who has more than 20 years of product innovation, management, and strategy experience. Over the course of his career, he launched multiple 0-1 products and scaled numerous SaaS technology products for some of the nation’s largest technology-led services and businesses in the healthcare and financial sectors.

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Retail Technology Clients Business 221

Appraisal Buzz

OCTOBER 30, 2024

BDF Law Group , a provider of legal services to the financial services industry, has announced its expansion into four new states: Alabama, Mississippi, Oklahoma, and Wyoming. The firm is now offering foreclosure, litigation, bankruptcy, evictions, and collections services across these states, along with Texas, Colorado, Georgia, California, Arizona, and Nevada.

Law 221

Law Legal Real Estate Clients 221

Housing Wire

OCTOBER 30, 2024

A California regulator has revoked the residential mortgage lending license of LoanSnap , the latest in a series of difficulties for the fintech lender. According to a filing from the California Department of Financial Protection and Innovation dated Oct. 18, LoanSnap had its license revoked after it failed to renew its surety bond. That policy, which is designed to protect consumers from lender fraud and financial risk, expired in early August.

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Landlords Loan Officers Lending Contracts 430

Appraisal Buzz

OCTOBER 30, 2024

Mortgage application volume decreased 0.1% during the week ended October 25, as the average rate for a 30-year fixed-rate mortgage increased to 6.73%, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Applications for refinances decreased 6% compared with the previous week but were up 84% compared with the same week one year ago.

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Mortgage Government Inventory Appraisal 195

Housing Wire

OCTOBER 30, 2024

A new episode of “The Loan Officer Podcast” aims to teach mortgage originators how to leverage tools and grow their businesses. Host Dustin Owen and Lauren Walton, a senior loan officer at Lower -backed Gerber Group, sit down to teach viewers how to move from the call-center model to retail lending as a top-ranked and self-sourced originator. This interview has been lightly edited for length and clarity.

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Development Business Loan Officers Retail 412

Appraisal Buzz

OCTOBER 30, 2024

About 48% of mortgaged residential properties in the U.S. were considered “equity-rich” in the third quarter, down from a recent peak of 49.2% hit in the second quarter but up from 47.4% a year earlier, according to ATTOM’s most recent U.S. Home Equity & Underwater Report. By “equity rich” ATTOM means the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market values.

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Housing Wire

OCTOBER 30, 2024

CoStar has notched yet another procedural win in its legal battle with Move , the parent company of Realtor.com. In a ruling issued Tuesday, Judge George H. Wu of U.S. District Court in Los Angeles granted CoStar’s motion to dismiss two of Move’s claims in its first amended complaint. The claims alleged violations of the Computer Fraud and Abuse Act, as well as the Comprehensive Computer Data Access and Fraud Act, which were the plaintiffs’ two statutory federal and state trade secret claims.

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Appraisal Buzz

OCTOBER 30, 2024

BLOG VIEW: The mortgage industry is expected to see a significant uptick in refinancing activity, driven by recent interest rate cuts. This surge presents both opportunities and challenges for mortgage lenders, who must navigate the complexities of managing escrow payments, processing refinanced mortgages, and maintaining cost-effective operations. As homeowners seek to capitalize on lower interest rates in the coming months, lenders face increasing pressure to remain competitive while ensuring

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Housing Wire

OCTOBER 30, 2024

New York-based asset manager Rithm Capital , the owner of multichannel lender Newrez , reported a 58% increase in refinances to $3 billion in the third quarter of 2024 after mortgage rates dropped due to the Federal Reserve ’s 50 basis-point rate cut. But executives expect things to calm down moving forward. “I think we’re going to get ourselves more to what I’ll say is the market on a normalized basis,” Newrez President Baron Silverstein told analysts in an earnings call on Tuesday

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Mortgage Tools Business Lending 414

Appraisal Buzz

OCTOBER 30, 2024

Pending home sales jumped 7.4% in September compared with August and were up 2.6% compared with September 2023, according to the National Association of Realtors (NAR). The increase brought pending home sales to the highest level since March. “Contract signings rose across all regions of the country as buyers took advantage of the combination of lower mortgage rates in late summer and more inventory choices,” says Lawrence Yun, chief economist for NAR, in a statement.

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Inventory Contracts Realtors Mortgage 195

Housing Wire

OCTOBER 30, 2024

Compass ’s plan for future success? Become a hub for real estate listings. Brokerage founder and CEO Robert Reffkin laid his firm’s plans for the future bare during its third-quarter 2024 earnings call with investors and analysts on Wednesday. “Listing inventory remains the lifeblood of the residential real estate marketplace,” Reffkin said. “At Compass, we already have a depth of inventory in many of our local markets that is unmatched.

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Real Estate Inventory Brokerage Agents 331

Appraisal Buzz

OCTOBER 30, 2024

In the 200th episode of the Appraisal Buzzcast, we’re thrilled to finally welcome Tim Andersen of The Appraiser’s Advocate to the show! Why is critical thinking such a game-changer in the world of appraisal? How can we expand on the data and tools from technology and make it even better? Tim shares his insights, experience, and tips for taking your skills to the next level.

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Appraisal Tools Technology Marketing 195

Housing Wire

OCTOBER 30, 2024

You don’t often hear about someone with an affinity for nuclear physics finding their way into the reverse mortgage field, but that’s exactly the journey we’re charting in this edition of “ Origins ” from HousingWire ’s Reverse Mortgage Daily (RMD). Rick Schluter, a New Jersey -based reverse mortgage specialist with Mutual of Omaha Mortgage , became engrossed in physics and math from a young age.

Mortgage 380

Mortgage Training Law Clients 380

George Dell

OCTOBER 30, 2024

Recently, Keith Wolf (representing Freddie Mac), coined a new term for claims about adjustments, calling it the “adjustment fallacy.” Adjustments to comparables first arrived on the scene as a way of explaining differences between the subject property and a compared comp. (A way to ‘support’ an opinion comparison.) In theory, an adjustment is supposed to […] The post The Adjustment Fallacy?

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Appraisal 195

Housing Wire

OCTOBER 30, 2024

AgentCoach.AI , an AI-powered real estate coaching company, is launching a new training platform for real estate agents. The Austin-based tech company will use advanced training bots on the platform, according to a recent announcement. The new platform will leverage specialized training bots to help agents prepare for business. Users can access AI bots designed to assist agents with general real estate knowledge, sales, marketing , negotiation and motivation.

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Real Estate Agent Training Real Estate Agents 327

Real Estate News

OCTOBER 30, 2024

With less than a month until the deals are finalized, objectors are making claims of insufficient damages, harm to minorities, lack of accountability and more.

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Inman

OCTOBER 30, 2024

Tanya Monestier says the settlement "reinforces the existing system of seller-paid inflated compensation while pretending to eliminate it" as attorneys walk away with $333 million in cash.

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Law Sellers Realtors 190

Real Estate News

OCTOBER 30, 2024

The goal of The Helm, founded and advised by notable real estate leaders, is to help more women become coaches without sacrificing business success.

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Real Estate Business 222

Inman

OCTOBER 30, 2024

Starting Nov. 1, eXp agents will have access to new revenue streams, especially those who reach the virtual brokerage's ICON status, eXp World Holdings CEO Glenn Sanford said at eXpcon Miami.

Agents 170

Agents Realty Brokerage 170

Real Estate News

OCTOBER 30, 2024

A federal judge granted CoStar’s request to dismiss two claims from the Realtor.com trade secrets case, but Move plans to proceed with an amended complaint.

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Inman

OCTOBER 30, 2024

Easing mortgage rates and increased inventory in September undercut buyer anxiety from the previous months, leading to a 7.6 percent month over month increase in contract signings.

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Buyers Contracts Inventory Mortgage 170

Real Estate News

OCTOBER 30, 2024

Revenue was also up, and CEO Robert Reffkin said top agents have been able to increase commissions “since they are now able to negotiate for themselves again.

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Agents 152

Inman

OCTOBER 30, 2024

Former Compass Regional President Danielle Wilkie and long-time coach Heather Frick have launched The Helm coaching platform to elevate women in real estate.

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Real Estate 180

Eyes on Housing

OCTOBER 30, 2024

Housing’s share of the economy fell 0.1 percentage points to 16.2% in the third quarter of 2024 according to the advance estimate of GDP produced by the Bureau of Economic Analysis. The share was revised upwards for both the first and second quarter of 2024 to 16.3%. The more cyclical home building and remodeling component.

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Inman

OCTOBER 30, 2024

A recent initiative by professional sports organizations is seeking to do what Realtors have been doing for more than a year: Pledging to do more to create inclusive communities.

Real Estate 170

Real Estate Realtors Agents Marketing 170

Eyes on Housing

OCTOBER 30, 2024

The U.S. economy grew at a solid pace in the third quarter of 2023, boosted by strong consumer spending and government spending. According to the “advance” estimate released by the Bureau of Economic Analysis (BEA), real gross domestic product (GDP) expanded at an annual rate of 2.8% in the third quarter of 2024, following a.

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Government Investing 88

Inman

OCTOBER 30, 2024

Days after news first broke that Fridman had left Compass, the luxury agent announced on Instagram his move to the brokerage, which is led by luxury powerhouse Aaron Kirman.

Real Estate 170

Real Estate Brokerage Agents 170

BiggerPockets

OCTOBER 30, 2024

Recently, we shared “8 Reasons Why REITs Are More Rewarding Than Rentals.” In short, studies show that REITs earn 2% to 4% higher annual returns than private real estate.

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Real Estate Investing 60

Inman

OCTOBER 30, 2024

Baird & Warner, Chicagoland’s largest independent real estate brokerage, will launch a complete rebrand on Nov. 1 — the company’s first major brand overhaul in nearly 40 years.

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Brokerage Real Estate Technology Marketing 164