Housing Wire
JANUARY 25, 2024
People say that housing leads the economy into a recession: this is true when new home sales and housing permits fall together. When that happens, the builders start laying off workers before the national economy goes into a recession. This is one reason I raised my fifth recession red flag for Housing on June 16, 2022 as I saw that higher mortgage rates would impact new home sales and housing permits.
Real Estate News
JANUARY 25, 2024
CRMLS, Bright MLS and MRED have reached an agreement with ThePLS.com over Clear Cooperation rules, leaving NAR as the only remaining defendant.
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Housing Wire
JANUARY 25, 2024
Homeowners in California now have even fewer choices in homeowners insurance carriers. The Hartford Financial Services Group , better known as The Hartford, announced Wednesday that it would no longer issue new homeowners insurance policies in California starting in February 2024. The firm noted that this change would also impact The Hartford’s joint homeowners insurance program with AARP.
Real Estate News
JANUARY 25, 2024
Ryan Schneider spoke to Real Estate News about his company’s decision to settle in the commissions cases and his thoughts on NAR and the year ahead.
Housing Wire
JANUARY 25, 2024
Data from research organizations and aging advocacy groups is clear: More older Americans want to age in place in their own homes, as opposed to living in dedicated care facilities. To get a better grasp on this preference, Chicago-based National Public Radio (NPR) affiliate station WBEZ recently featured a dedicated aging-in-place segment. WBEZ spoke with experts and community members about why more older Americans are opting to remain in their homes as they grow older.
Real Estate News
JANUARY 25, 2024
A continued increase in mortgage applications suggests that more buyers are entering the market, but low supply could suppress activity.
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Inman
JANUARY 25, 2024
Two real estate agents with experience trading real estate with cryptocurrency were able to explain to the Inman New York audience how tokenization could very well be the answer to funding extensive commercial renovations.
Housing Wire
JANUARY 25, 2024
The U.S. Senate Committee on Banking, Housing and Urban Affairs held a hearing on Thursday that focused on the reauthorization of the National Flood Insurance Program (NFIP), showing that its bipartisan support is generally intact. But senators also expressed concerns about affordability after a new ratings methodology led to higher premiums in some parts of the country.
Inman
JANUARY 25, 2024
The portal executive also declared that she didn't think the "Your Listing, Your Lead" approach of Homes.com serves either agents or consumers well.
Housing Wire
JANUARY 25, 2024
Mortgage rates stabilized in the past week but remain close to the narrow range observed since the start of this month. The 30-year fixed-rate mortgage averaged 6.69% as of Jan. 25, an increase from last week’s figure of 6.60%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday. Meanwhile, the 15-year fixed rate averaged 5.96% this week, up from 5.76% during the prior week.
Inman
JANUARY 25, 2024
Find out how this Montana broker leads with competence, intention and by prioritizing strong relationships and mentoring.
Housing Wire
JANUARY 25, 2024
If you’re a new broker or team leader you might not realize just how competitive recruiting was in 2023. The data are sobering: The Agent Movement Index , the number of experienced Realtors switching brokerages each month, was at its lowest level since 2016. Throw in the recent explosion of boutique brokerages, teams, and “teamerages” and a study that showed an astounding 70% of agents reported five or fewer sales, and even the best recruiters probably ended up with agents that brought in little
Inman
JANUARY 25, 2024
Leaders from Better, Point and EasyKnock said that consumers are becoming increasingly curious about alternative financing options — but they still need agents to help guide them.
Housing Wire
JANUARY 25, 2024
Jonathon Haddad, president of Next Door Lending , will replace Katie Sweeney as the chairman and CEO of the Association of Independent Mortgage Experts (AIME). Sweeney is stepping down to become the CEO of the affiliated lobbying group Broker Action Coalition (BAC). AIME tapped a relative newcomer to the broker channel to become its CEO. Haddad joined the channel in 2020 at Next Door Lending, where he transitioned from vice president to managing partner and president.
Inman
JANUARY 25, 2024
Luxury leaders from Sotheby's International Realty, Compass and Douglas Elliman shared how luxury clients are responding to changes in the market now and how their brokerages each uniquely support agents.
Housing Wire
JANUARY 25, 2024
Editor in Chief Sarah Wheeler sat down with Matt Van Fossen, CEO of Absolute Home Mortgage and Mortgage Automation Technologies , to talk about his unique view of the housing ecosystem and how it influences how he builds technology. Van Fossen not only heads a mortgage lender and a tech company, but is the president of the Mortgage Bankers Association of New Jersey and a board member of the Community Home Lenders of America.
Inman
JANUARY 25, 2024
Listing Toolkit, a new subscription-based solution from Realtor.com, helps agents stand out from the competition, quickly turn motivated sellers into clients and find the right buyer easily.
Housing Wire
JANUARY 25, 2024
Finance of America Companies (FOA) Chief Marketing Officer Chris Moschner found himself working for the lender in the wake of its acquisition of American Advisors Group (AAG), and Moschner previously told RMD about his journey to the position and the “intoxicating” opportunity he sees in the reverse mortgage space. But that space is also facing a series of challenges including lower origination volume, high interest rates and liquidity challenges.
Inman
JANUARY 25, 2024
The founder of CORE has four things he does at the onset of every year, which he shared with attendees at Inman Connect New York.
Housing Wire
JANUARY 25, 2024
California-headquartered LoanSnap was hit with a temporary order to cease and desist from Connecticut’s Department of Banking for “systemic” unlicensed mortgage loan origination activity. Connecticut Banking Commissioner Jorge Perez alleged that LoanSnap violated the Truth in Lending Act (TILA) and Fair Credit Reporting Act (FCRA). But the crux of the commissioner’s findings focuses on unlicensed origination activities.
Inman
JANUARY 25, 2024
CRMLS, Bright MLS and MRED told the U.S. District Court of the Central District of California's Western Division they had reached a deal "in principle" with ThePLS.com.
Housing Wire
JANUARY 25, 2024
Nonqualified mortgage (non-QM) wholesale lender A&D Mortgage has obtained licenses to originate loans in Arkansas and Mississippi, the company announced on Thursday. “This expansion is not only about growing our business; it’s about wholeheartedly bringing A&D Mortgage’s unwavering commitment to top-notch service, highly competitive rates, and tailored loan solutions to more Americans,” Max Slyusarchuk, CEO of A&D Mortgage, said in a statement.
Inman
JANUARY 25, 2024
Sarah Friar, speaking at ICNY 2024, shares her take on how agents can use the neighborhood-level social media platform to excel in business and community.
Eyes on Housing
JANUARY 25, 2024
Falling interest rates in the closing weeks of 2023 helped to bring buyers off the sidelines and provide a boost for new home sales. Sales of newly built, single-family homes in December increased 8.0% to a 664,000 seasonally adjusted annual rate from an upwardly revised reading in November, according to newly released data by the U.S. Department of Housing and.
Inman
JANUARY 25, 2024
Shant Banosian of Guaranteed Rate told Inman Connect New York attendees Thursday that a seller's market is likely to persist for years.
Eyes on Housing
JANUARY 25, 2024
The U.S. economy grew at a surprisingly strong pace in the fourth quarter, mainly fueled by resilient consumer spending. However, the fourth quarter data from the GDP report suggests that inflation is cooling. The GDP price index rose 1.5% for the fourth quarter, down from a 3.3% increase in the third quarter. The Personal Consumption Expenditures (PCE) Price Index, which.
Inman
JANUARY 25, 2024
At ICNY, proptech leaders Eileen Romito, Derek Hooper and Catharine MacIntosh explained how cumbersome MLS rules led to the rule of real estate portals, and what can be done to take the power back.
Eyes on Housing
JANUARY 25, 2024
Housing’s share of the economy rose to 16.0% at the end of the fourth quarter of 2023. Overall GDP increased at a 3.3% annual rate, following a 4.9% increase in the third quarter of 2023, and a 2.1% increase in the second quarter of 2023. The annual GDP growth in 2023 was reported at 2.5%. Housing’s share of GDP on.
Inman
JANUARY 25, 2024
Glennda Baker was called out on Instagram for her “talking head” style video content by a person who said the new way to share your brand is artificial intelligence-generated animations.
BiggerPockets
JANUARY 25, 2024
Are you searching for your next big wealth-building strategy? Looking for ways to strengthen your portfolio? If so, it may be time to add passive investments to your portfolio if you haven’t already, specifically through turnkey.
Inman
JANUARY 25, 2024
In the post-pandemic real estate market, well-established team leaders are focused on nurturing talented early-career agents instead of more established earners.
BiggerPockets
JANUARY 25, 2024
If you want to start investing in real estate, you’ll need to know how to get a mortgage.
Inman
JANUARY 25, 2024
Since 2013, the team has sold more than $800 million in transactions. They were drawn to Douglas Elliman for its company culture and opportunities in new development.
BiggerPockets
JANUARY 25, 2024
By the time you finish this episode, you’ll be ten thousand dollars richer.
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