Housing Wire

JULY 15, 2024

President Joe Biden will propose on Tuesday a nationwide cap on rent hikes of 5% per year, according to The Washington Post, which cites “three people familiar with the matter.” The proposal will rescind unspecified tax breaks to landlords who raise rents by more than 5%, although it would only apply to landlords who own more than 50 rental units. This would cover roughly half of all rental units in the country, according to Post sources.

Landlords 429

Landlords Property Taxes Construction Mortgage 429

Appraisal Buzz

JULY 15, 2024

Accordingo to a new rental report from Zillow, rental prices are still the most expensive in desirable costal cities like New York City, Boston, and San Jose (along with the rest of the Bay Area)—who are the top three most expensive rental markets in the country—but rental markets in other parts of the country, especially those deemed “affordable” in the past are also seeing rental prices grow, especially in the Northeast and Midwest, led by the cities of Hartford, Connecticut; Louisville, Kentu

Marketing 367

Marketing Appraisal 367

Housing Wire

JULY 15, 2024

Rocket Pro TPO , the wholesale arm of Rocket Mortgage , announced Monday that it has decided to waive the $795 origination fee charged to broker partners on home equity loans. “When you think about what home equity looks like or represents across the country, there’s a record-breaking home equity, with homeowners sitting on almost $17 trillion,” Rocket Pro TPO executive vice president Mike Fawaz said in an interview. “There’s a ton of demand when it comes to looking

Appraisal Process 360

Appraisal Process Valuation Government Mortgage 360

Appraisal Buzz

JULY 15, 2024

In a troubling trend that underscores persistent housing injustices across the United States, the number of fair housing complaints has surged to unprecedented levels for the third consecutive year, according to the latest report from the National Fair Housing Alliance (NFHA). The 2024 Fair Housing Trends Report reveals a sharp increase in grievances filed, with 34,150 complaints documented in 2023.

Law 353

Law Transportation Development Government 353

Housing Wire

JULY 15, 2024

CoStar Group continues to strengthen its executive team as the “portal wars” heat up. On Thursday, the firm announced the return of former vice president of investor and public relations, Richard Simonelli, after five years away from the firm, along with the promotion of Cyndi Eakin to chief accounting officer. Simonelli is returning as CoStar’s new head of investor relations.

Investors 338

Investors Finance Real Estate Marketing 338

Appraisal Buzz

JULY 15, 2024

This is a continuation of the April 15, 2024 article “ From Forms to Reports: A Look at the UAD Overhaul ” I am named after my father, who passed away in 2000. Dad was an SRA who brought me into the business and mentored me back in 1982. I had just returned from college, and back then, there was no appraisal software available. It was my father’s vision that we would “computerize.

Appraisal 328

Appraisal Design Appraisal Process Valuation 328

Real Estate News

JULY 15, 2024

The state association is rolling out buyer agreements and other forms that it believes offer a balance of simplicity and agent protections.

Realtors 263

Realtors Agents Buyers 263

Housing Wire

JULY 15, 2024

A little over a month after technology startup executive Eric Elfman replaced MoxiWorks founder York Baur as CEO, the real estate technology platform provider appears to be undergoing a round of layoffs. Impacted employees at MoxiWorks took to LinkedIn last week to discuss the layoffs and share their job search goals. One such employee was Bret Calltharp, MoxiWorks’ former director of engagement.

Real Estate 316

Real Estate Technology Legal Brokerage 316

Appraisal Buzz

JULY 15, 2024

The highest echelons of government have taken an interest in climate change and its effects. Variations in weather patterns are having an increasing impact on socioeconomic dynamics, ranging from stress in the home insurance markets in the U.S. to drought conditions affecting cargo shipping and infrastructure planning. This is according to a new CoreLogic report.

Government 195

Government Insurance Real Estate Construction 195

Housing Wire

JULY 15, 2024

Compass has nabbed a pair of top agents to add to its teams in Florida and Colorado. Bonnie Heatzig is coming over from Douglas Elliman, bringing her extensive knowledge to the Boca Raton, Florida-based team at Compass. She has more than 20 years of experience in luxury real estate, selling more than $170 million in volume over the past four years. In Denver, Stuart Crowell joins Compass from LIV Sotheby’s.

Agents 316

Agents Brokerage Real Estate Business 316

Real Estate News

JULY 15, 2024

The two brokerages announced settlements in the Gibson/Umpa case on Monday, while several other firms filed motions to dismiss.

Brokerage 258

Brokerage 258

Housing Wire

JULY 15, 2024

Loan originators in today’s mortgage market have weathered significant challenges. They’ve endured a major drop in volume, a rapid rise in rates, and uncertainty surrounding realtor commission settlements and their impact on referral partners. If you are still in the game, you’re already demonstrating resilience and adaptability. Now, it’s time to leverage these experiences and position yourself for future success.

Loan Officers 306

Loan Officers Clients Design Tools 306

Real Estate News

JULY 15, 2024

Rich Simonelli is back at CoStar after a 5-year hiatus, leading investor relations, while Cyndi Eakin was promoted to chief accounting officer.

Finance 182

Finance Investors 182

Housing Wire

JULY 15, 2024

Just like a football team entering the red zone — the area of the field inside the opponent’s 20-yard line — should be extra cautious to avoid wasting a scoring chance, Americans who are nearing retirement should dial back aggressive investment strategies. That’s the advice of Kevin Wade, a financial planner with Centennial Advisors LLC , in a column published Monday by personal finance website Kiplinger.

Investing 297

Investing Finance Marketing 297

Inman

JULY 15, 2024

Inventory is rising again, but agents are still scrounging for new listings. Hundreds of brokers and agents shared what's working in still-tight markets in new responses from the Intel Index survey.

Inventory 172

Inventory New Listings Agents Marketing 172

Housing Wire

JULY 15, 2024

Over the last five years, I have been fortunate enough to publish several articles on Artificial Intelligence (AI), typically with a heretical tone. No one can deny that AI is powerful and that AI when applied deeply to verticals and scenarios will be a major factor in the transformation of business. On the other hand, the usual hyperbole that accompanies any trend in technology should not be taken at face-value; kicking the tires and assessing previous promises and bets is essential.

Real Estate 296

Real Estate Supply Chain Valuation Finance 296

Inman

JULY 15, 2024

Bernice Ross interviews Realeflow CEO Greg Clement about how real estate agents can tap into the pool of cash buyers and investors to add lead gen leverage and market coverage to their businesses.

Real Estate Agent 164

Real Estate Agent Real Estate Investors Agents 164

Housing Wire

JULY 15, 2024

Data is a relevant and valuable tool for assessing where a business or an industry is at any given time. But looking deeper than the core numbers is essential, especially when considering the shifting realities and governing rules for an industry as intertwined between public and private interests as the reverse mortgage industry is. This was the tenor for part of a conversation between HousingWire ’s Reverse Mortgage Daily (RMD) and John Lunde, president of Reverse Market Insight.

Mortgage 295

Mortgage Retail Loan Officers Finance 295

GoForrmz

JULY 15, 2024

Originally published on 12/17/2015 GoFormz makes going paperless a breeze Transitioning to paperless processes offers numerous benefits for businesses. First and foremost, it significantly reduces operational costs associated with paper, printing, storage, and disposal. By digitizing documents, companies can enhance efficiency and productivity, as digital files are easier to organize, access, and share.

Tools 148

Tools Project Management Transportation Business 148

Housing Wire

JULY 15, 2024

Baltimore -based Dominion Financial Services , a nationwide private lender that specializes in financing for real estate investors , announced the hiring of Dustin Wells as the president of its newly launched wholesale lending division. Wells has more than 20 years of experience in the financial services arena. Most recently, he served as co-president of Stronghill Capital , an Austin -based nonbank lender.

Lending 294

Lending Finance Real Estate Construction 294

Inman

JULY 15, 2024

Thirty agents at SWF Premium Real Estate team who closed $321 million in sales across 278 transactions in 2023 have now aligned with Compass, the firm told Inman. A new office in Naples was also announced.

Real Estate 146

Real Estate Agents Brokerage 146

Housing Wire

JULY 15, 2024

The U.S. Department of Housing and Urban Development (HUD) announced on Monday that it has charged lender Rocket Mortgage , two appraisal companies and one appraiser with allegedly issuing a biased valuation and denying a refinance loan to a Black homeowner in Denver. The HUD accused appraiser Maksym Mykhailyna and his company, Maverick Appraisal Group , appraisal management company Solidifi U.S.

Appraisal 279

Appraisal Valuation Law Home Value 279

Inman

JULY 15, 2024

Questions swirled last week over the identity of an unidentified buyer behind the Billionaires' Row condo transaction — with speculation rising that King Charles was at the center of the purchase.

Buyers 140

Buyers Marketing 140

BiggerPockets

JULY 15, 2024

The higher interest rate environment has changed the answer to the “sell vs. keep” question, and every homeowner needs to run the math before selling.

81

81

Inman

JULY 15, 2024

The latest order by the Court of Appeals in Washington, D.C., means the DOJ is free to reopen its investigation into the National Association of Realtors.

Realtors 146

Realtors Brokerage Agents 146

Mortgagebroker News

JULY 15, 2024

What do consumer, business sentiment mean for a possible rate cut?

Business 87

Business 87

Inman

JULY 15, 2024

Fast-growing rents and disappearing rental assistance programs have given way to a concerning rise in eviction filings compared to pre-pandemic norms, "The Wall Street Journal" revealed on Monday.

Marketing 134

Marketing 134

Mortgagebroker News

JULY 15, 2024

Canada's housing market recovery to be gradual, says RBC

Housing Market 85

Housing Market Marketing 85

Inman

JULY 15, 2024

Today, Compass has announced its latest round of recruitment victories with the addition of agents Stuart Crowell and Soha Fontaine, along with her six-person team.

Agents 138

Agents Brokerage 138

Mortgagebroker News

JULY 15, 2024

June activity remains well below historical average

Housing Market 90

Housing Market Marketing 90

Inman

JULY 15, 2024

Ready to make a leap into real estate but worried about how to pull off the transition? Learn from Atlanta agent Leah Williamson's trip to top-producer.

Agents 145

Agents Real Estate Real Estate Agent 145

Mortgagebroker News

JULY 15, 2024

Increased listings help rebalance demand and boost transactions

Sellers 84

Sellers Housing Market Marketing 84

Inman

JULY 15, 2024

Pacaso CEO peels back the curtain on his company’s evolution to a new chapter as Pacaso buys more houses in more markets at lower prices.

Marketing 129

Marketing Real Estate Agents 129

Mortgagebroker News

JULY 15, 2024

But Quebec City faces 'problematic' housing shortage

Housing Market 84

Housing Market Marketing 84