Housing Wire

OCTOBER 8, 2024

A housing watchdog group has filed more than 100 complaints that target more than 200 defendants for allegedly discriminating against potential housing applicants who sought to use Section 8 housing vouchers to secure a dwelling. In 2019, California Gov. Gavin Newsom (D) signed a bill into law that bars “housing discrimination, including discrimination through public or private land use practices, decisions, or authorizations, based on specified personal characteristics, including source of inco

Brokerage 497

Brokerage Landlords Law Realty 497

Appraisal Buzz

OCTOBER 8, 2024

Mortgage rates climbed in 44 U.S. states during the first half of 2024, leaving homebuyers anxiously awaiting relief. With the Federal Reserve beginning a series of interest rate cuts , the housing market is expected to see some improvement, but for now, homebuyers in most states continue to feel the squeeze. According to a new analysis from WalletHub , mortgage interest rates increased in all but six states from the first quarter to the second quarter of this year.

Mortgage 435

Mortgage Housing Market Buyers Marketing 435

Housing Wire

OCTOBER 8, 2024

The Department of Justice could be ready to square off again with the National Association of Realtors — this time over an optional rule to prevent commingling of MLS and non-MLS listings. (Image generated by AI in Midjourney) The Department of Justice and the National Association of Realtors (NAR) are currently locked in what may be the culmination of a decades-long battle over a variety of NAR’s policies and rules.

Real Estate 474

Real Estate Brokerage Realtors Legal 474

Appraisal Buzz

OCTOBER 8, 2024

In wake of the Fed’s recent rate cut last month, hesitant Americans are becoming open to the idea of entering the market to begin their homebuying journey. However, people actually need homes to do so. There is a concerning housing shortage in the U.S., and while one of the primary drivers of today’s high housing costs—although it’s not always the case—is an overall lack of housing supply.

Home Value 418

Home Value Housing Market Marketing Investors 418

Housing Wire

OCTOBER 8, 2024

Redfin is taking a stand against the video privacy lawsuit filed against it by Guillermo Mata. On Monday, the brokerage firm filed a motion to compel arbitration or, alternatively, to dismiss the suit. Originally filed in late June in the U.S. District Court for the Southern District of California , the suit accuses Redfin of violating the Video Privacy Protection Act (VPPA) and the California Invasion of Privacy Act (CIPA) by allegedly sending consumers’ personally identifiable data — includin

Brokerage 463

Brokerage Law Agents Legal 463

Appraisal Buzz

OCTOBER 8, 2024

Legal League , the premier professional association of financial services law firms in the U.S. driving progress in the mortgage servicing industry, has announced the reelection of two members to its Advisory Council. Anthony Van Ness , Founder and Managing Partner of Van Ness Law Firm, and Roy Diaz , Managing Shareholder of Diaz Anselmo & Associates PA have been reelected to the Legal League’s Advisory Council.

Legal 397

Legal Law Training Real Estate 397

Appraisal Buzz

OCTOBER 8, 2024

Consumer confidence in the housing market increased in September, as per Fannie Mae’s Home Purchase Sentiment Index (HPSI), which rose to a score of 73.9, the highest in two years. The share of survey respondents who say it is a good time to buy a home increased 2 percentage points (19%) in September compared with August, while the percentage who say it is a bad time to buy decreased from 83% to 81%.

Housing Market 397

Housing Market Marketing Mortgage Appraisal 397

Housing Wire

OCTOBER 8, 2024

A panel of experts with the Yale School of Medicine this week offered tips for aging in place , giving service to both physical health while addressing the social and emotional well-being of older people who seek to stay in their homes as they get older. Research from multiple sources has shown that older people have an overwhelming preference to age in place in their current homes.

Tools 448

Tools Finance 448

Appraisal Buzz

OCTOBER 8, 2024

The growing significance of online reviews in the rental market was highlighted in the 2024 Property Management Industry Report produced by Reputation , the world leader in reputation performance management. The study, which examined more than 336,000 evaluations for 11,300 multifamily homes, demonstrates unequivocally that, although desirable locations and first-rate amenities are important, online reviews from present and former tenants are what really influence rental decisions.

Property Management 364

Property Management Tenants Clients Business 364

Housing Wire

OCTOBER 8, 2024

In this week’s episode of the RealTrending podcast , host Tracey Velt sits down with Debbie De Grote, founder of leading real estate and business coaching company Forward Coaching. The duo explore strategic negotiation skills in the modern real estate market and best practices for agents in adapting to the new rules mandated by the industry-changing settlement from the National Association of Realtors (NAR).

Real Estate 447

Real Estate Agents Real Estate Agent Buyers 447

Real Estate News

OCTOBER 8, 2024

Three major Texas MLSs — Unlock, HAR and SABOR — agree to share data; REcore unveils new compliance product for buyer agents; Stellar subsidiary goes global.

Buyers 289

Buyers Tools Agents 289

Housing Wire

OCTOBER 8, 2024

West Penn MLS finally got its way in the Moratis commission lawsuit. Despite having opted into the nationwide commission lawsuit settlement agreement reached by the National Association of Realtors (NAR), Judge William S. Stickman IV, who is overseeing the Moratis suit in the Western District of Pennsylvania, refused to stay the case for the MLS.

Realtors 447

Realtors Real Estate Agents Legal 447

Real Estate News

OCTOBER 8, 2024

In the first of a 2-part series, NextHome CEO James Dwiggins explains the history of NAR’s policy and warns of the legal consequences of eliminating it.

Legal 279

Legal 279

Housing Wire

OCTOBER 8, 2024

Ginnie Mae has taken a far more active role in the reverse mortgage industry over the past two years, stemming from the failure of a major industry lender that threatened liquidity for other major players in the space. The government-owned company has long overseen the Home Equity Conversion Mortgage ( HECM )-backed Securities ( HMBS ) program, through which reverse mortgages are securitized and sold to investors.

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Development Mortgage Government Tools 439

Real Estate News

OCTOBER 8, 2024

West Penn MLS was also dismissed, with the judge ruling there was no evidence of a conspiracy between the parties to fix rates.

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Housing Wire

OCTOBER 8, 2024

Real estate technology platform Propy is now enabling its users to handle property inspections without leaving its app. The San Francisco -based Propy has formed a partnership with property inspection platform Inspectify , according to a joint announcement on Tuesday. Through this strategic partnership, Inspectify will be directly integrated with Propy’s platform— and users can access the features immediately.

Inspection 435

Inspection Real Estate Real Estate Agent Technology 435

Appraisal Buzz

OCTOBER 8, 2024

loanDepot recently closed a $300 million transaction through an offering of notes by Mello Warehouse Securitization Trust 2024-1, marking the lender’s tenth successful transaction of this kind. The MWST Notes are backed by a revolving warehouse line of credit and secured by newly originated, first-lien, fixed-rate or adjustable-rate residential mortgage loans.

Mortgage 195

Mortgage Lending Finance Appraisal 195

Housing Wire

OCTOBER 8, 2024

As the housing market fluctuates, inventory levels are a critical factor for builders, developers and buyers. While low inventory might seem like a challenge, especially for buyers, it presents a unique opportunity for builders. The following explores how low inventory impacts the competitive landscape and the advantages of building in such an environment.

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Inventory Supply Chain Buyers Development 433

Appraisal Buzz

OCTOBER 8, 2024

The Fed’s recent rate cut drove a 50% month-over-month increase in rate-and-term refinance activity in September, according to OptimalBlue’s Market Advantage data report. What’s more, rate-and-term refinance volume spiked 700% compared with September 2023. OptimalBlue notes that while the Federal Open Market Committee (FOMC) lowered its target federal funds rate by 50 bps on Sept. 18, the market had already priced in a portion of the rate reduction, leading to a full month of increased refinance

Marketing 195

Marketing Appraisal Mortgage 195

Housing Wire

OCTOBER 8, 2024

Real estate software provider Qualia is looking to improve how it serves its title company customers. On Tuesday, the firm announced the launch of the Qualia Bank Partner Network. The banks in the network include BankUnited , Capital Bank , Citizens , Encore Bank and Emigrant Bank. Through the network, Qualia said it hopes to help the title and escrow companies on its platform in reducing operational costs and “increasing efficiency and security via robust bank integrations.

Real Estate 425

Real Estate Tools Technology Clients 425

Appraisal Buzz

OCTOBER 8, 2024

The average monthly housing payment hit all-time high in August, due mainly to spiking insurance costs, which have been rising at three times the rate of principal, interest and taxes, according to the latest Mortgage Monitor report from ICE Mortgage Technologies. The average monthly payment (principal, interest, taxes and insurance, or PITI) among active mortgages hit a record $2,070 in August – up $140, or 7.2%, compared with August last year and up $399, or 19.3%, since the start of 2020.

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Insurance Technology Mortgage Appraisal 195

Housing Wire

OCTOBER 8, 2024

After a lengthy decline precipitated by lower inflation , a cooling labor market and hints of a Federal Reserve policy change , mortgage rates appear to have bottomed out for now. According to HousingWire ‘s Mortgage Rates Center , the average 30-year conforming fixed rate dropped to 6.23% on Sept. 27. That was the lowest figure of the year, but it has increased to 6.31% as of Tuesday.

Mortgage 360

Mortgage Marketing Tools Lending 360

Inman

OCTOBER 8, 2024

Compass founder and CEO Robert Reffkin writes that Clear Cooperation and mandatory disclosures undermine seller choice and put them at risk of the unintended consequences of a mass exposure of property details.

Sellers 183

Sellers Brokerage Agents 183

Eyes on Housing

OCTOBER 8, 2024

While the share of new homes with patios continues to climb, the share with decks has hovered at a historic low of under 18%, according to NAHB tabulation of data from the HUD/Census Bureau Survey of Construction (SOC). Every year from the re-design of the SOC in 2005 through 2018, over 22% of single-family homes.

Construction 174

Construction Design 174

Inman

OCTOBER 8, 2024

What happens if the listing agent won’t return your phone calls? Compliance expert Summer Goralik has the answers you need. Don't let another agent’s unresponsiveness stand in your way.

Agents 183

Agents Buyers Realtors Brokerage 183

Eyes on Housing

OCTOBER 8, 2024

Nonfarm payroll employment increased in 32 states in August compared to the previous month, while 17 states and the District of Columbia saw a decrease. Kansas reported no change. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 142,000 in August, following a gain of 89,000 jobs in July. On.

Marketing 158

Marketing 158

Inman

OCTOBER 8, 2024

Broker Romeo Manzanilla spoke to Inman ahead of his appearance at Connect Austin on Oct. 9 about raising professionalism in the real estate industry in the wake of NAR settlement changes.

Real Estate 183

Real Estate Realtors Buyers Brokerage 183

BiggerPockets

OCTOBER 8, 2024

Discover the benefits and challenges of self-managing rental properties, from cost savings to tenant management, with real-world examples.

Tenants 91

Tenants Investors Property Management Landlords 91

Inman

OCTOBER 8, 2024

Are you finding it increasingly difficult to protect your time and energy in your real estate business? Coaches Melanie Klein and Emily Bossert write that boundaries are the foundation for thriving.

Business 183

Business Real Estate Agents 183

BiggerPockets

OCTOBER 8, 2024

What’s your financial independence number (FI/FIRE number)? Are you being too conservative, or are you cutting things close? Do you even have one?

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Inman

OCTOBER 8, 2024

The homeseller suit known as Moratis alleged a West Penn MLS commissions-related rule violates antitrust laws, but unlike a similar NAR rule, the former expressly allows offers of zero dollars.

Law 178

Law Brokerage 178

Mortgagebroker News

OCTOBER 8, 2024

Mortgage execs on the phenomenon's best use cases in 2024

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Mortgage 81

Inman

OCTOBER 8, 2024

In a LinkedIn post Tuesday, Dwiggins claimed brokerage leaders fighting to repeal the pocket listing rule are concealing an agenda to hoard listings, recruit agents and generate internal leads.

Brokerage 178

Brokerage Agents Real Estate 178

GoForrmz

OCTOBER 8, 2024

Making simple design edits to the background of your PDF just got sweeter with the latest advanced elements GoFormz makes it simple to customize your digital forms, ensuring they align with your brand and business needs. You can easily add branding, include disclaimers, and more by applying basic design updates to your digital form Templates. With the Page Elements feature in the GoFormz form builder , users can quickly update and add graphic assets to the Template’s background.

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Design Business 78