Mon.Jan 22, 2024

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Top mega team joins The Real Brokerage

Housing Wire

Top-producing mega team PREMIERE Group is joining fast-growing firm The Real Brokerage , according to an announcement on Monday. Founded in 2017 in Greensboro, North Carolina by David Keener, the PREMIERE Group operates as a teamerage , providing agents with marketing and operations resources. The teamerage was previously brokered at eXp Realty. Although it is based in North Carolina, PREMIERE Group operates in 38 markets across 20 states, and it has a goal of being in all 50 states by the end o

Brokerage 447
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Trends 2024: Will we ever solve the inventory problem?

Real Estate News

For more than a decade, housing supply has not kept pace with demand. Building more homes might seem like the answer, but there’s more to it than that.

Inventory 269
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Bracing against a rising tide of real estate fraud

Housing Wire

Could 2024 be the worst year ever for real estate wire fraud ? As home purchases declined in 2023, fraudsters have increased the sophistication and tenacity of their tactics, preparing for the next wave of transactions. Throughout the year there was a noticeable rise in seller impersonation attempts and attacks targeting homebuyers. In Q4, some of the largest companies in the industry were taken down by cyber syndicates.

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First Team Real Estate’s new CEO has a ‘billion dollar’ goal for 2024

Inman

Ahead of Inman Connect New York this week, newly installed First Team Real Estate CEO Michele Harrington dishes on ambitious plans for 2024 and what she'll be talking about at ICNY on Tuesday.

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Unlock The Blueprint: How To Construct A Better Payment Workflow

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

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Affordability boosts Indianapolis housing market 

Housing Wire

According to Zillow ’s annual predictions, Indianapolis will be the fourth-hottest real estate market of 2024, thanks to its solid economy, housing inventory, affordability and pent-up demand. The top three spots in the ranking were Buffalo, New York, and Cincinnati and Columbus, Ohio. Overall, the Midwest, the Great Lakes and the South regions will get a lot of attention in 2024, according to Zillow ’s study.

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Real estate momentum slows as interest rates rise again: Altos

Housing Wire

For several weeks, I’ve been reporting data that shows the housing market growing in 2024. Those metrics, specifically the pace of new listings and new sales contracts, slowed this week. Our immediate sales metric of homes that get offers within a couple days of listing also slowed. New listings and new contracts both still show a bit of improvement over 2023, but the growth rates have slid back down.

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Inman unveils inaugural class of MLS Reinvented honorees

Inman

This new Inman recognition spotlights 22 leaders who are moving multiple listing services forward into the future.

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The top 10 reverse mortgage lenders of 2023

Housing Wire

After a year of challenge in the reverse mortgage industry, the major lenders in the industry look a bit different for calendar year 2023 when compared with recent years past. Reduced volume, a challenging mortgage rate environment and industry consolidation has contributed to some of the broader changes. Here are the top 10 Federal Housing Administration (FHA)-approved lenders in the reverse mortgage industry for the calendar year 2023, based on data compiled by Reverse Market Insight (RMI).

Mortgage 411
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Meet the French baker behind California’s big commission suit

Inman

Gael Fierro co-wrote a movie for Amazon Prime and ran a business selling cannelés before he decided to sue over the sale of his home in Los Angeles.

Business 176
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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MV Realty banned from North Carolina

Housing Wire

Right-to-list agreement firm MV Realty is no longer allowed to offer brokerage services in North Carolina. The ban was the result of a two-day hearing, during which the embattled real estate firm fought to maintain its ability to conduct business in the state. In the end, the court agreed with the state’s Real Estate Commission, finding that MV Realty had violated state license laws and rules.

Realty 407
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Tech trends at CES 2024 point to transformational change

Inman

Smart home expert Brandon Doyle checked out this year's Consumer Electronics Show, highlighting tech elements today's homebuyers and homeowners want to know more about.

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Hackers accessed data of 16.6M customers in loanDepot cyberattack

Housing Wire

loanDepot’s latest update of its ongoing cyberattack shows that hackers gained access to the sensitive personal information of about 16.6 million individuals. The update, released Monday, does not reveal details of the data accessed by the unauthorized third party. “Unfortunately, we live in a world where these types of attacks are increasingly frequent and sophisticated, and our industry has not been spared.

Contracts 392
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U.S. Population Growth Returns to Pre-Pandemic Levels

Eyes on Housing

According to the U.S. Census Bureau’s latest estimates, the U.S. resident population grew by 1,643,484 to a total population of 334,914,895. The population growth rate reached its highest level since the pandemic at 0.49%. This is just above the 2019 growth rate (0.46%), while slightly below the 2018 growth rate (0.53%). The Census Bureau reports that the primary source for.

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Polly appoints former exec at ICE Mortgage Technology as COO

Housing Wire

Customer intelligence and mortgage tech firm Polly named Troy Coggiola as its chief operating officer amid the company’s effort to scale. Coggiola will be responsible for Polly’s product, implementation, support and design teams, working toward seamless cross-organization collaboration. He has more than 25 years of mortgage technology and enterprise software experience with his latest stint being chief product officer at Accela , a government tech provider.

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Molly McKinley is defining the art of real estate marketing

Inman

In the latest in his Snapshot series, Brandon Doyle finds out how Molly McKinley has carved out a niche for herself in real estate marketing while teaching others to stay true to their vision.

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NAF in talks to acquire Draper & Kramer Mortgage Corp.: sources 

Housing Wire

Top-35 mortgage lender New American Funding (NAF) is in negotiations to acquire Chicago-based retail shop Draper & Kramer Mortgage Corp. (DKMC), multiple sources told HousingWire. The sources said negotiations are in the late stages and remaining details are expected to be finalized this month. As part of the deal , NAF would acquire the residential mortgage arm of Draper & Kramer , a property and financial services group established in 1893 by Arthur W.

Mortgage 350
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Alec Baldwin’s latest starring role? His own Hamptons listing video

Inman

Amidst a fresh indictment for involuntary manslaughter while filming on the set of "Rust," the actor is starring in a listing video for a property he's selling, now listed at a $10 million discount from its original price.

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Sagent names Mr. Cooper’s president as executive chairman

Housing Wire

Sagent , a fintech software company providing a servicing management platform for banks and lenders, appointed Chris Marshall as executive chairman. Marshall is vice chairman and president of Mr. Cooper, but announced plans to retire last year and will transition out of his role leading Mr. Cooper’s businesses at the end of January. His term as executive chairman began on January 19.

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Take the Inman Intel Index for January 2024

Inman

The Inman Intel Index goes beyond sentiment and trends by tapping into the real estate industry's most engaged community. Add your voice to the industry's most ambitious monthly survey today.

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Seniors aging in place in Chicago could reshape city’s housing market

Housing Wire

Seniors largely want to remain in their own homes as they get older, and that preference could be remaking the housing market in the city of Chicago, according to a new report. Construction Coverage , a company that reviews construction software, insurance, and financial products in order to assist property builders, recently released a new report taking a closer look at the divide between baby boomers’ and younger generations’ shares of metropolitan housing markets according to reporting at the

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1 in 4 agents grew their business amid downturn. Here’s how: Triple-I

Inman

For many real estate agents, a downturn wasn't destiny in 2023, according to responses from hundreds of industry professionals in the latest Inman Intel Index survey.

Agents 156
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Former Cenlar FSB exec joins Ranieri Solutions as CEO

Housing Wire

Uniondale, New York-based Ranieri Solutions brought on Rob Lux as its CEO to spearhead the company’s go-to-market efforts for its cloud-native servicing platform. Lux joins the mortgage tech company from Cenlar FSB , the nation’s largest subservicer, where he served as executive vice president and chief operating officer for the past six years leading their entire servicing and technology operation.

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Virginia landlord arrested for racial discrimination, rampant fraud

Inman

David Merryman is accused by federal prosecutors of subjecting his Black tenants to violence and racist slurs.

Landlords 143
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False Claims of Racism Against Appraiser

Appraiserblogs

…my career, business, and health at risk due to false claims made by a homeowner. As a professional real estate appraiser with many years of experience, I have seen my fair share of disputes between homeowners and appraisers. However, the situation I am about to share with you is one that has left me shocked and appalled. It is a story of false claims, intentional infliction of emotional distress, and the damaging effects of a homeowner’s actions on an appraiser’s career, business, and health.

Appraisal 140
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NYC has approved 22% of STR applications under new law

Inman

Nearly five months after new regulations took effect, NYC has ruled on 90 percent of applications from would-be short term rental hosts.

Law 141
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Retail Investing Is Making Its Return—What It Means for CRE in 2024

BiggerPockets

Despite recent challenges in the commercial real estate space, one area has become surprisingly popular among institutional investors: retail.

Retail 91
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FSRA talks suitability focus in 2024

Mortgagebroker News

What do mortgage brokers and agents need to keep in mind?

Agents 67
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From His Grandma’s Couch Making $15/Hour to $30K/Year from ONE Property

BiggerPockets

Could ONE multifamily rental property change your life? Just five years ago, Jaryn Pierson was sleeping on his grandma’s couch, working a minimum-wage job, and getting sober.

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How can brokers go above and beyond for clients in 2024?

Mortgagebroker News

Having extra conversations around refinancing during renewals can pay off this year

Clients 62
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Seeing Greene: DON’T Pay Off Your HELOC Until You Hear This…

BiggerPockets

Got a HELOC? Don’t pay it off…yet! Thinking of house hacking but are discouraged by the low cash flow numbers you’re getting back?

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Interest rate stress weighing on consumers, say analysts

Mortgagebroker News

While the BoC's monetary policy has alleviated some inflationary pressures, households are experiencing sustained hardship

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Currency Mistakes of the Past are Contributing to an Ailing American Economy

BiggerPockets

We didn't learn from the past and now we're suffering. Monetary history may be able to pinpoint exactly what’s ailing the American economy.

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