Wed.Feb 12, 2025

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Redfin to lay off 450 employees in its rental division

Housing Wire

Redfin has announced yet another round of layoffs. According to a document filed with the Securities and Exchange Commission Tuesday evening, Redfin will be cutting 450 employees from its rental division. This announcement came just hours after Zillow announced a syndication deal with Redfin for its rental listings on its Q4 2024 earnings call with investors.

Investors 426
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Americans Seeking Out Suburbs With Strongest Job Markets 

Appraisal Buzz

With their promise of stability, community, and homeownership, the nations suburbs attract more movers than any other type of neighborhood. And now people are moving to these safe, family-friendly havens not just for the peace and quiet, but for the strong job markets as well. A considerable number of movers want to live near a thriving job market that can support them should they lose a remote job.

Marketing 405
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12 real estate thank you note templates to dazzle your clients

Housing Wire

Real estate thank you notes are an easy, underutilized tool in the real estate world. With so many aspects of our lives and businesses going virtual, a snail mail thank you note is more impactful and memorable than ever before. It adds a personal touch and makes me stand out from all the other agents out there. Ive used thank you notes in my business for over a decade and even received referrals from people Ive met at networking events because they were so impressed by my immediate follow-up not

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January Foreclosure Activity Snapshot 

Appraisal Buzz

According to ATTOMs January 2025 U.S. Foreclosure Market Report, 30,816 U.S. homes had foreclosure filings, such as default notifications, scheduled auctions, or bank repossessions. This is a 7% decrease from a year ago but an 8% increase over the previous month. January showed a monthly increase in foreclosure filings that may in some part be the result of a normal post-holiday catch up of filings, said Rob Barber, CEO at ATTOM.

Marketing 362
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Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

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RedKey Realty Leaders expand in St. Louis with addition of Circa Properties

Housing Wire

RedKey Realty Leaders , an independent agency based in St. Louis , recently announced a major expansion move. The company added Circa Properties , another boutique brokerage with a strong local presence, but the merger is more about alignment than anything else, according to RedKey leaders. RedKey Realty is the top independent real estate agency in St.

Realty 363

More Trending

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One in 10 ‘gray divorce’ couples finance split with housing wealth

Housing Wire

New data from U.K.-based financial services firm Legal & General shows that as many as 11% of all couples over the age of 50 use their real estate wealth either through the proceeds of a home sale or a home equity release product to finance the costs of divorce. The research, which explored the financial impact of divorce in later-life, also revealed that property wealth is the most important consideration for most couples at the point of divorce, the organization found.

Finance 348
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How Much Is the Typical Homebuyer Paying? 

Appraisal Buzz

According to a recent Redfin research, the average property listing today is taking a long time to sell and selling for less than its asking price. Its wonderful news for purchasers who have been struggling with high housing costs and a lack of availability, but its not ideal for sellers. According to January Redfin data, buyers nationally might have greater negotiating leverage than they have in a number of years: The typical U.S. home is selling for 1.8% less than its asking price, the biggest

Contracts 243
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loanDepot enhances home equity access with two new product options

Housing Wire

California-based mortgage lender loanDepot on Wednesday announced the expansion of its equityFREEDOM portfolio to provide nearly 50 million U.S. homeowners with access to their tappable home equity. The expansion adds 10- and 30-year fixed-term options to the companys existing 20-year fixed-rate home equity loan, which the company has designed as complements to its first-lien and second-lien home equity lines of credit ( HELOCs ).

Design 370
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Applications for Refinances Increased 10 Percent Last Week on Slight Rate Dip 

Appraisal Buzz

Mortgage application volume increased 2.3% on an adjusted basis during the week ended February 7, as the average rate for a 30-year fixed-rate mortgage decreased slightly to 6.95%, down from 6.97% the previous week, according to the Mortgage Bankers Associations (MBA) Weekly Applications Survey. Applications for refinances increased 10% compared with the previous week and were up 33% compared with the same week one year ago.

Mortgage 195
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The Constructor's Digital Transformation Playbook: Reducing Risk With Technology

Speaker: Dylan Secrest

Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.

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What’s the fuss over Realtor-owned MLSs opening the door to all agents?

Housing Wire

In some states, the door has been open for many years to real estate agents who want to access their local MLS without being a Realtor. But controversy has been rising of late after actions by associations in Phoenix and Austin. (Image generated by AI through Midjourney) In 1994, the National Association of Realtors (NAR) amended its national policy for multiple listing services (MLSs), allowing local Realtor boards and associations to decide whether they wanted to allow non-Realtors to subscrib

Realtors 325
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Freedom Mortgage Named Host Sponsor of 2025 Five Star Conference

Appraisal Buzz

The Five Star Institute , a national trade association supporting the U.S. residential mortgage and real estate market, has announced it will be partnering with Freedom Mortgage , one of the nations top mortgage lenders and servicers, for the upcoming 2025 Five Star Conference , set for September 29-October 1 at the at the Omni Dallas Hotel in Dallas, Texas.

Mortgage 221
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The playbook for a rookie loan officer: What I’m telling my son before his first year

Housing Wire

Entering the mortgage industry as a loan officer can be both exciting and overwhelming. With a 100% commission-based structure, success isnt guaranteed its earned. The first year is crucial for developing the habits, relationships, and skills that lay the foundation for long-term success. Ive spent years in the industry , and as my son prepares to take his NMLS exam, these are the key expectations I will share with him to navigate his first year in the business. 1.

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Informative Research Integrates With Thomas & Company’s Wage and Employment Verification Service

Appraisal Buzz

Informative Research , which offers data-driven credit and verification solutions to the lending community, is now integrated with Thomas & Company , a provider of value-added employer services and solutions to support employee relations programs. The integration adds Thomas & Companys wage and employment verification service to Informative Researchs verification platform, increasing its customers access to tens of millions of records necessary for verification of income and employment (

Lending 195
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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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Slightly lower mortgage rates fuels strong refi activity

Housing Wire

Mortgage applications increased 2.3% on a seasonally adjusted basis in the latest MBA survey. This follows the prior week’s 12% increase in refinance applications, which marked the strongest refi week in months. The Mortgage Bankers Association ‘s market composite index increased 6% on an unadjusted basis compared with the previous week.

Mortgage 255
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Rising inflation dims hopes for mortgage rate relief

Real Estate News

The latest CPI data suggests rates will remain elevated heading into the spring shopping season, and some analysts now expect just one rate cut this year.

Mortgage 273
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Julie Kheyfets on home renovation trends: Demand is approaching 2022 levels

Housing Wire

In this week’s episode of the Top of Mind podcast , host Mike Simonsen is joined by Block Renovation CEO Julie Kheyfets. The duo explore current and upcoming trends in the home renovation market. This interview has been edited for length and clarity. To start the conversation, Simonsen and Kheyfets dive into what Block Renovation offers to homebuyers.

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Redfin to cut 450 roles following Zillow rentals deal

Real Estate News

The company, which signed an exclusive listings partnership with Zillow on Feb. 11, will complete the layoffs in July as it restructures its rentals segment.

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Investor who worked with Fox & Friends host sentenced for fraud

Inman

Bert Whalen was ordered to serve over 3 years in prison for his role in a scheme to sell hundreds of dilapidated homes to rookie investors, working at times with a former host of Fox & Friends.

Investors 120
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Weaker Demand for Residential Mortgages Persists

Eyes on Housing

Lending standards for residential mortgages were essentially unchanged across most categories, while overall demand for most residential mortgages was weaker according to the Federal Reserve Boards January 2025Senior Loan Officer Opinion Survey(SLOOS). Examining lending conditions for commercial real estate (CRE) loans, construction & development loans were modestly tighter, while demand was modestly weaker.

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Logic and emotion: 2 approaches that get buyers off the fence 

Inman

When agents master the balance between logic and emotion, they stop feeling like salespeople and start acting like trusted advisors, coach Darryl Davis writes.

Buyers 93
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Lamacchia Realty Named the #1 Company in the Berkshires by Transactions

Lamacchia Realty

Lamacchia Realty Named the #1 Company in the Berkshires by Transactions Lamacchia Realty is proud to announce that it has been recognized as the #1 real estate company in the Berkshires by transaction count, according to FlexMLS, the Berkshire County multiple listing service. This achievement is the result of the successful integration of Berkshire Dream Home , Home Sweet Home Real Estate , and Lamacchia Realty.

Realty 64
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Windermere reinforces DEI pledge with appointment of new director

Inman

Brooks Glenn will serve as the Seattle-based brokerage's diversity, equity and inclusion director. President OB Jacobi said Windermere "feels strongly" that now is the time to bolster DEI efforts.

Brokerage 158
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Lamacchia Realty’s Seekonk Office Ranked #1 in Sales Volume and Transactions

Lamacchia Realty

Lamacchia Realtys Seekonk Office Ranked #1 in Sales Volume and Transactions Lamacchia Realty is proud to announce that its Seekonk office has been ranked the #1 office and firm overall in Seekonk for both sales volume and closed transactions in 2024. No brokerage sells more homes in Seekonk than Lamacchia Realty. Since merging with Keystone Property Group in September 2023, Lamacchia Realtys Seekonk office has quickly made a significant impact in the local market.

Realty 63
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What’s one thing you would tell yourself as a new agent? Pulse

Inman

If you could go back and talk to young you, would you give yourself business advice, a word of warning or a little kindness?

Agents 158
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Lamacchia Realty Achieved Multiple Number One Rankings for Market Share in 2024

Lamacchia Realty

Lamacchia Realty achieved multiple Number One Rankings for Market Share in Massachusetts in 2024 including Auburn, Seekonk, and the Berkshires! Read the details of each ranking by clicking the corresponding image below! CLICK HERE TO READ THE FULL PRESS RELEASE CLICK HERE TO READ THE FULL PRESS RELEASE CLICK HERE TO READ THE FULL PRESS RELEASE Lamacchia Realtys continued success is a testament to its unwavering commitment to growth , innovation , and agent support.

Realty 52
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5 reasons homebuyers need their own agent now more than ever

Inman

It's tough out there for buyers, and their agents, trainer Bernice Ross writes. Find out how to assist buyers throughout their purchase process and beyond to set them up for success.

Agents 140
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Winter Dining in the Berkshires: A Cozy Culinary Guide

Lamacchia Realty

When snow blankets the Berkshire hills, the region’s restaurants transform into warm, inviting havens offering hearty fare and intimate dining experiences. From historic inns with crackling fireplaces to modern eateries serving seasonal comfort food, winter dining in the Berkshires combines exceptional cuisine with New England charm. Historic Inn Dining The Red Lion Inn – Stockbridge This iconic inn’s main dining room offers a quintessential Berkshire winter dining experience

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Sibcy Cline settlement makes it past 1st round in court

Inman

Judge Stephen R. Bough of the U.S. District Court for the Western District of Missouri granted preliminary approval to the $895,000 deal, finding it "fair, reasonable and adequate.

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Inflation Accelerated in January

Eyes on Housing

Inflation edged up to a six-month high in January and showed little progress from a year ago. The persistent inflation rate indicates the last mile to the Feds 2% target continues to be challenging and is consistent with the Feds cautious stance amid solid economic growth and growing uncertainty. While core inflation remained stubborn due.

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3 non-traditional places to start recruiting your next team member

Inman

The industry is changing, and your same recruiting tactics may no longer work. Broker Julie Busby offers new ideas for building your team today.

Brokerage 131
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6 Reasons Why New Construction is Winning This Year

BiggerPockets

In todays rapidly evolving real estate market, new construction rental properties are emerging as the clear choice for savvy investors.