Housing Wire
JANUARY 22, 2024
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.
Real Estate News
JANUARY 22, 2024
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.
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Housing Wire
JANUARY 22, 2024
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.
Inman
JANUARY 22, 2024
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.
Housing Wire
JANUARY 22, 2024
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.
Inman
JANUARY 22, 2024
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.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Inman
JANUARY 22, 2024
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.
Housing Wire
JANUARY 22, 2024
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.
Inman
JANUARY 22, 2024
Lead by David Keener, the team grew quickly with an agent-centric model that reinvested profits at 100 percent back into agent resources, and, like Real, operates without physical offices.
Housing Wire
JANUARY 22, 2024
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.
Eyes on Housing
JANUARY 22, 2024
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.
Housing Wire
JANUARY 22, 2024
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).
Inman
JANUARY 22, 2024
This new Inman recognition spotlights 22 leaders who are moving multiple listing services forward into the future.
Housing Wire
JANUARY 22, 2024
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.
Inman
JANUARY 22, 2024
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.
Housing Wire
JANUARY 22, 2024
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.
Inman
JANUARY 22, 2024
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.
Housing Wire
JANUARY 22, 2024
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.
Inman
JANUARY 22, 2024
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.
Housing Wire
JANUARY 22, 2024
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
Inman
JANUARY 22, 2024
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.
Housing Wire
JANUARY 22, 2024
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.
Inman
JANUARY 22, 2024
David Merryman is accused by federal prosecutors of subjecting his Black tenants to violence and racist slurs.
Appraiserblogs
JANUARY 22, 2024
…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.
Inman
JANUARY 22, 2024
Nearly five months after new regulations took effect, NYC has ruled on 90 percent of applications from would-be short term rental hosts.
BiggerPockets
JANUARY 22, 2024
Despite recent challenges in the commercial real estate space, one area has become surprisingly popular among institutional investors: retail.
Mortgagebroker News
JANUARY 22, 2024
While the BoC's monetary policy has alleviated some inflationary pressures, households are experiencing sustained hardship
BiggerPockets
JANUARY 22, 2024
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.
Mortgagebroker News
JANUARY 22, 2024
Banks and regulators alike need to keep up with criminals' evolving strategies, says Peter Routledge
BiggerPockets
JANUARY 22, 2024
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.
Mortgagebroker News
JANUARY 22, 2024
What do mortgage brokers and agents need to keep in mind?
BiggerPockets
JANUARY 22, 2024
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?
Mortgagebroker News
JANUARY 22, 2024
Having extra conversations around refinancing during renewals can pay off this year
BiggerPockets
JANUARY 22, 2024
The program allows you to receive a partial down payment loan with no interest. We'll explain how it all works and if it's a smart move for investors.
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