Housing Wire

NOVEMBER 14, 2024

The Congressional Budget Office (CBO) this week published a report assessing the performance of government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac in reaching their single-family housing goals. The CBO found that the GSEs “met or exceeded” nearly all goals over a four-year period from 2018 to 2022. The CBO analyzed data from the Federal Housing Finance Agency (FHFA) data in its report.

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Appraisal Buzz

NOVEMBER 14, 2024

The Consumer Financial Protection Bureau (CFPB) has finalized the Personal Financial Data Rights Rule (PFDRR) that will give consumers greater rights, privacy, and security over their personal financial data. The rule requires financial institutions, credit card issuers, and other financial providers to unlock an individual’s personal financial data and transfer it to another provider at the consumer’s request—for free—allowing consumers to more easily switch to providers with superior rates and

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Advertising Legal Development Marketing 411

Housing Wire

NOVEMBER 14, 2024

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. While new social media platforms seem to pop up all the time, Facebook remains a tried-and-true platform for real estate agents to grow their business in a variety of ways. Joining and engaging with groups of fellow Realtors on Facebook should be a key tool in every agent’s toolbox.

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Real Estate Agent Real Estate Agents Realtors 418

Appraisal Buzz

NOVEMBER 14, 2024

ATTOM has released its annual analysis highlighting the best days of the year to purchase a home , revealing that while November offers a 7.3% premium, it remains the lowest premium for buyers. Additionally, December 4 stands out as the single best day to buy a home. According to ATTOM’s latest analysis of more than 52 million single-family home and condo sales over the past 11 years, buyers who close on December 4 are seeing the lowest premium above the automated valuation model (AVM).

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Market Value Buyers Valuation Marketing 368

Housing Wire

NOVEMBER 14, 2024

With the election behind us, the industry is refocused on building momentum and driving growth in 2025. Next year, real estate brokers and team leaders can adapt, innovate and truly thrive in the new market. With these unique strategies, brokers can achieve sustainable success while staying ahead in a competitive market. Here’s four strategies for leaders looking to maximize growth and position their brokerages and teams for success. 1.

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Real Estate Brokerage Agents Technology 397

Appraisal Buzz

NOVEMBER 14, 2024

Most consumers agree when asked in surveys if they support the idea of creating houses to assist cut rents or generate more affordable buying choices. To the best of Fannie Mae knowledge, no well-known studies have inquired about consumer support for the building of additional homes in their local communities, which are defined as being a few blocks or streets away from their home address.

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Real Estate News

NOVEMBER 14, 2024

With the election over and rates appearing to stabilize, more would-be buyers were looking at homes this past week.

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Buyers 317

Housing Wire

NOVEMBER 14, 2024

The state of South Carolina is experiencing an influx of retired baby boomers , which could test the capacity of its infrastructure in areas such as health care and transportation services, as well as resources for dealing with isolation and the job market, according to reporting by Charleston-based newspaper The Post and Courier. In the realm of housing, the term “ silver tsunami ” often refers to the idea that older homeowners will aim to downsize and sell their homes, theoretically flooding t

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Transportation Government Inventory Mortgage 367

Real Estate News

NOVEMBER 14, 2024

President Susan Daimler is departing after 12 years at the company, while SVP Jun Choo moves into the C-suite.

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Housing Wire

NOVEMBER 14, 2024

In the newest episode of the RealTrending podcast , host Tracey Velt chats with Stephanie Anton, president of Corcoran Affiliates , the worldwide affiliate network for The Corcoran Group. In this conversation, Anton teaches listeners how to find their value proposition and leverage these skills into servant leadership. This interview has been edited for length and clarity.

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Real Estate Tools Agents Brokerage 366

Real Estate News

NOVEMBER 14, 2024

If home price growth continues at the current pace, “America will be completely divided,” said Chief Economist Lawrence Yun. The solution? “More supply.

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Inventory 298

Housing Wire

NOVEMBER 14, 2024

After two years of growth and expansion, real estate technology provider and software company Inside Real Estate is beefing up its executive team. On Tuesday, the firm announced the creation of two new leadership roles, which the company said will help to further enhance its tech offerings. The two new roles are chief product officer and chief revenue officer, which will be filled by Julia Laurin and Josh Johnsen, respectively.

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Real Estate Technology Clients Agents 366

Sacramento Appraisal Blog

NOVEMBER 14, 2024

What happens to the housing market after a presidential election year? Does the market really heat up like people say? What can we expect? Let’s take a look at some stats and kick around ideas. I’d love to hear your take in the comments. UPCOMING SPEAKING GIGS: 11/19/24 Downtown Regional MLS Meeting Q&A 9am 11/20/24 […] The post The housing market after a presidential election first appeared on Sacramento Appraisal Blog.

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Housing Market Marketing Appraisal Real Estate 356

Housing Wire

NOVEMBER 14, 2024

With several top 10 reverse mortgage lenders now active in some form within the U.S. stock market, companies like Finance of America (FOA) and Ellington Financial — the parent of reverse lender Longbridge Financial — have recently released their third-quarter 2024 earnings results. In the case of FOA — the current industry leader — the earnings results were robust.

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Investors Mortgage Investing Business 369

Real Estate News

NOVEMBER 14, 2024

An analysis of more than 17,000 transactions initiated within 60 days of Aug. 17 showed only minor shifts in percentages, though transactions were down overall.

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Housing Wire

NOVEMBER 14, 2024

CrossCountry Mortgage , a top-10 U.S. mortgage lender, has hired a team of former Pennymac Financial Services executives to lead its capital markets and investment-related activities. On Wednesday, CCM announced Vandad Fartaj as the chief investment officer, William Chang as chief capital markets officer, and Tom Rettinger as chief portfolio risk officer.

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Mortgage Loan Officers Investing Finance 369

Real Estate News

NOVEMBER 14, 2024

Judge Stephen Bough said discovery could continue into whether deals reached by eXp and Weichert with the Hooper plaintiffs constituted a "reverse auction.

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Housing Wire

NOVEMBER 14, 2024

The plaintiffs in the Lutz homebuyer commission lawsuit are looking to file yet another amended complaint. In a motion filed on Monday, James Lutz told the court that in his proposed amended complaint, he would add 31 more named plaintiffs to the suit. According to the motion, the “newly added Plaintiffs plead identical claims to those that Plaintiff has already pled and which have been upheld in related litigations.

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Sellers Law Legal Real Estate 369

Appraisal Buzz

NOVEMBER 14, 2024

Fannie Mae Board Member Scott D. Stowell Fannie Mae has named Scott D. Stowell to its Board of Directors, bringing nearly 40 years of experience in the U.S. homebuilding industry to the Board. Members of Fannie Mae’s Board of Directors guide the company’s efforts to responsibly expand access to mortgage credit and finance quality, affordable housing.

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Housing Wire

NOVEMBER 14, 2024

Fast-growing brokerage SERHANT. continues to enter new markets. Led by Ryan Serhant, the company announced the addition of the Atlas Group in Atlanta , growing its presence in Georgia as it already has agents in Savannah. Atlas Group is coming over from Compass. According to 2023 production data from RealTrends Verified , Atlas ranked No. 3 in transactions in Atlanta with 132 and No. 5 in sales volume at $62.6 million.

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Brokerage Clients Agents Technology 370

Appraisal Buzz

NOVEMBER 14, 2024

There were 30,784 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — in October, an increase of 4% compared with September but down 11% from October 2023, according to ATTOM. “Foreclosure activity remains challenging for U.S. homeowners, with starts and completed foreclosures up in October,” says Rob Barber, CEO of ATTOM, in a statement.

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Housing Wire

NOVEMBER 14, 2024

New Orleans -based United Real Estate Partners is continuing to expand. On Thursday, the firm announced a merger with Real Estate Resource Group. According to the announcement, the merger will further strengthen United’s foothold in the Greater New Orleans area. Earlier this year, the firm announced another merger with Team Geaux Realty. “The accelerating growth now happening in the Greater New Orleans market is gratifying and will continue in the months ahead.

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Real Estate Brokerage Agents Realty 369

Appraisal Buzz

NOVEMBER 14, 2024

Mortgage lenders saw a pre-tax net profit of $701 on each loan they originated in the third quarter, up from $693 per loan in the second quarter, according to the Mortgage Bankers Association’s (MBA) newly released Quarterly Mortgage Bankers Performance Report. The average pre-tax production profit was 18 basis points (bps), up from the reported 17 bps in the second quarter, according to the report, which uses data provided by independent mortgage banks (IMBs) and mortgage subsidiaries of charte

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Mortgage Business Appraisal Marketing 195

Housing Wire

NOVEMBER 14, 2024

Despite negotiating a settlement agreement , eXp World Holdings ’ commission lawsuit challenges persist. On Thursday, Judge Stephen R. Bough, who is overseeing the Gibson suit , denied eXp’s motion to stay the case pending approval of the settlement the firm negotiated with the Hooper commission lawsuit (formerly Phillips ) plaintiffs in Georgia. In his ruling, Bough describes a stay as “extraordinary relief such that the requesting party ‘must make out a clear case of hardship or inequity in b

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Realtors Legal Realty Real Estate 369

Appraisal Buzz

NOVEMBER 14, 2024

Despite the outcome of the Presidential Election and last week’s Fed rate cut , the average rate for a 30-year fixed-rate mortgage remained flat this week at 6.78% Still, rates are down significantly from a year ago, when the average rate for a 30-year was 7.44%, according to Freddie Mac’s Primary Mortgage Market Survey. “After a six-week climb, rates have leveled off, but overall affordability continues to be an issue for potential homebuyers,” says Sam Khater, chief economist for Freddie Mac,

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Mortgage Appraisal Marketing 195

Housing Wire

NOVEMBER 14, 2024

One of the greatest gifts you can give to your organization—and to the people within it—is the opportunity to grow into leadership. In the mortgage industry, where change is constant and challenges can be relentless, strong leadership isn’t just a competitive advantage; it’s the foundation that keeps teams grounded and resilient. Imagine a culture where every person is not just executing tasks but stepping up as a leader.

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Training Business Mortgage Development 370

Inman

NOVEMBER 14, 2024

Commissions haven't changed much since the NAR settlement terms went into effect, but early signs show where things may be heading, dueling surveys by AccountTECH and Inman Intel show.

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Agents 167

Housing Wire

NOVEMBER 14, 2024

HousingWire Editor in Chief Sarah Wheeler sat down with Adam Carmel , founder and CEO of Polly , to talk about his thought process for solving customer problems and why cutting costs for mortgage lenders is paramount. This interview has been edited for length and clarity. Sarah Wheeler: What differentiates Polly’s technology? Adam Carmel: The technology is only as good as the people building it, and their propensity to really push the envelope and think through all of the pain points that have e

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Inman

NOVEMBER 14, 2024

A judge has denied the brokerage's request for a stay in the Gibson case, saying a tactic the company is accused of using to settle a different suit involves a "collusive element.

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Brokerage Realty Real Estate 166

Eyes on Housing

NOVEMBER 14, 2024

Prices for inputs to new residential construction—excluding capital investment, labor, and imports—decreased 0.2% in October 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 is up 0.3% in October after a decline of 0.1% in September. The inputs to.

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Construction Investing 113

Inman

NOVEMBER 14, 2024

The antitrust lawsuit filed by broker John Diaz in U.S. District Court in Los Angeles claims the membership agreement creates "an anti-competitive monopoly over MLS services.

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Realtors Brokerage Agents 183

Empire Appraisal Group

NOVEMBER 14, 2024

iLLiePhotography, Getty Images Source: [link] Florida Cities Lead in All-Cash Purchases By Amy Connolly Redfin reports over one-third of U.S. home purchases in February were all cash – close to the record high. Florida saw big increases in year-over-year all-cash purchases. SEATTLE – Six Florida metro areas lead the nation in all-cash home purchases, possibly highlighting the impact investors are having on the state’s housing market.

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Real Estate Agent Investors Real Estate Realtors 78

Inman

NOVEMBER 14, 2024

What doesn’t kill us makes us stronger, Real's Jimmy Burgess writes. Be more prepared than ever to see life-changing growth in your business in the coming year.

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Business Inventory Agents Marketing 165

GoForrmz

NOVEMBER 14, 2024

Boost efficiency and safety on construction projects with digital forms Effective collaboration between contractors and subcontractors is essential for the success of any construction project, whether it’s a small residential build or a large commercial development. However, traditional paper-based processes can often lead to communication breakdowns, miscommunication, and delays.

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