Housing Wire

OCTOBER 31, 2023

A Kansas City jury has found the National Association of Realtors , HomeServices of America and Keller Williams guilty of colluding to inflate or maintain high commission rates through NAR’s Clear Cooperation Rule, in the Sitzer/Burnett buyer broker commission lawsuit. The defendants have been ordered to pay damages of $1.78 billion. The jury reached its verdict after a little over two weeks of testimony from the plaintiffs and defendants.

Brokerage 545

Brokerage Realtors Sellers Buyers 545

Real Estate News

OCTOBER 31, 2023

After less than three hours of deliberation, the jury ruled for the plaintiffs in the landmark Sitzer/Burnett trial, awarding nearly $1.8 billion.

Sellers 363

Sellers 363

Housing Wire

OCTOBER 31, 2023

We may be nearing the bottom in home sales even if mortgage rates don’t decline. As a result, there may be a light at the end of the tunnel in this crazy market cycle. At least, that’s what the data seems to suggest as inventory grows and new listings decline at a less aggressive rate than last year. To get the weekly picture of the housing market, watch the video above.

New Listings 511

New Listings Inventory Contracts Housing Market 511

Real Estate News

OCTOBER 31, 2023

After the jury unanimously found for the plaintiffs in the Missouri case, the lead attorney announced he was filing a nationwide suit naming NAR, 7 brokerages.

Brokerage 309

Brokerage 309

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 With construction projects becoming more complex, outdated processes are no longer sustainable.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.

Construction

Housing Wire

OCTOBER 31, 2023

KANSAS CITY, Missouri — After 11 days of testimony , the eight-person jury here took just a little over two hours to decide its verdict in the Sitzer/Burnett commission lawsuit trial. It found the National Association of Realtors , HomeServices of America and Keller Williams guilty of collusion to maintain high commission rates. Despite the guilty verdict, other than having to pay nearly $1.8 billion in damages, many questions still remain about what this means for the real estate industry, a

Real Estate 497

Real Estate Landlords Design Law 497

Housing Wire

OCTOBER 31, 2023

Following July’s mini rally , home prices posted a 2.6% annual gain in August, according to the S&P CoreLogic Case-Shiller Home Price Index. Month-over-month, the U.S. National Index posted a seasonally adjusted increase of 0.9%, while the 10-City and 20-City Composites posted a 1% increase each. The August level was the highest recorded since the index began in 1987.

Inventory 497

Inventory Housing Market Contracts Realtors 497

Real Estate News

OCTOBER 31, 2023

A Point2 analysis says California is all tricks and no treats for homebuyers facing the bogeymen of high prices, low inventory and rising mortgage rates.

Housing Market 232

Housing Market Inventory Marketing Mortgage 232

Housing Wire

OCTOBER 31, 2023

Though Chip Stella lives and works in Ipswich, Massachusetts, his focus is 1,500 miles away at a squat, windswept stone courthouse in downtown Kansas City, Missouri. It’s at the Charles Evans Whittaker U.S. Courthouse that the future of real estate agent commissions could potentially be decided. “I am pretty much obsessed with it,” the LandVest broker said of the trial, known as “Sitzer/Burnett” after the lead plaintiffs.

Agents 476

Agents Sellers Buyers Realtors 476

Real Estate News

OCTOBER 31, 2023

The latest Case-Shiller Index found that home prices continued to rise for a seventh straight month despite high mortgage rates.

Mortgage 223

Mortgage 223

Advertiser: Trellis

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.

Real Estate

Housing Wire

OCTOBER 31, 2023

The finances at nonbank mortgage companies will remain under pressure in 2024, despite some relief in mortgage rates , according to a new Fitch Ratings report. But the credit ratings agency has a “moderately deteriorating” outlook for the sector because earnings – along with origination volumes – “have likely reached trough levels.” In addition, companies should see modest improvement in operating results from reduced expense bases.

Mortgage 459

Mortgage Valuation Finance Investing 459

Inman

OCTOBER 31, 2023

Michael Ketchmark filed the new lawsuit just moments after a jury sided with his clients in the Sitzer | Burnett case.

Clients 214

Clients Realtors Real Estate Brokerage 214

Housing Wire

OCTOBER 31, 2023

HousingWire recently spoke to Sandra Madigan, EVP of product strategy – servicing technology at ICE Mortgage Technology , about improving the home buying and ownership experience with technology and how the industry can do so thoughtfully. HousingWire: According to ICE Mortgage Technology’s 2023 Borrower Insights Survey, fewer than one in 10 borrowers want a fully digital experience (9%) despite many appreciating the convenience of digital processes and services.

Technology 459

Technology Tools Loan Officers Development 459

Inman

OCTOBER 31, 2023

Jurors on Tuesday shocked the real estate industry, awarding damages adding up to $5.36 billion to homesellers after deliberating for 2 hours and 28 minutes.

Real Estate 212

Real Estate Realtors Brokerage Agents 212

Housing Wire

OCTOBER 31, 2023

Phillip Cantrell is the CEO of Benchmark Realty LLC based in Franklin, Tennessee and the executive vice president of Strategy for United Real Estate. He is a 20-year member of the National Association of Realtors and has served on his local Realtor association’s board of directors, budget committee, grievance committee, professional standards committee and scholarship committee.

Real Estate 448

Real Estate Realtors Agents Buyers 448

Inman

OCTOBER 31, 2023

In a final push on Monday, attorneys for real estate franchisors and the National Association of Realtors argued that homesellers in the case failed to prove a conspiracy to inflate commissions.

Realtors 195

Realtors Real Estate Brokerage Agents 195

Housing Wire

OCTOBER 31, 2023

Real estate software development company Cedar announced this week that it has secured $3 million in seed funding to create a product that would help developers locate urban infill properties for potential development into housing. The company said it believes urban development complexities are pushing the construction of new housing further out of urban centers, contributing to an imbalance between supply and demand and, by extension, affordability challenges.

Development 448

Development Real Estate Design Construction 448

Inman

OCTOBER 31, 2023

The "401(k) for homeownership" helps first-time buyers achieve their goals on the way to homeownership with 4.51 percent APY high-yield savings accounts, as well as educational tools and matching opportunities with agents and lenders.

Tools 195

Tools Buyers Agents Technology 195

Housing Wire

OCTOBER 31, 2023

The Mortgage Bankers Association (MBA), the Community Home Lenders of America (CHLA), and the Manufactured Housing Institute (MHI) submitted a joint letter advocating for more mortgage financing options for manufactured homes to the U.S. Department of Agriculture (USDA). The letter, sent specifically to USDA’s Rural Housing Service (RHS), addresses a proposed rule aiming to expand financing options for manufactured home buyers and supports three key changes it would make.

Finance 435

Finance Buyers Construction Inventory 435

The Appraiser Coach

OCTOBER 31, 2023

The myth we often believe when it comes to working from home is that productivity significantly slows down. The image you probably have in your head is someone who lounges around watching soap operas and is just mindful enough to keep the computer from going to sleep in between loads of laundry and a mid-morning Starbucks run. But just because you are surrounded by familiarity and an environment you usually relax in doesn’t mean your productivity has to suffer.

Training 195

Training Appraisal Inspection Advertising 195

Housing Wire

OCTOBER 31, 2023

The No. 1 reason a mortgage loan applicant is denied for a loan is a problem with their credit score. In good times when qualified mortgage borrowers are plentiful, most originators don’t give a suboptimal credit score a second glance. But when every loan matters, like the market we find themselves in today, it makes a lot of sense to take a closer look at the borrower’s credit score.

Tools 435

Tools Mortgage Business Marketing 435

Inman

OCTOBER 31, 2023

Classic TV-lover Sue “Pinky” Benson shares what she learned about being a real estate agent from Samantha, Darrin(s) and Tabitha Stephens, zany MIL Endora and nosey neighbor Gladys Kravitz.

Real Estate 190

Real Estate Real Estate Agent Agents 190

Housing Wire

OCTOBER 31, 2023

The National Association of Realtors (NAR) just made IRAR Trust Company (IRAR) its preferred provider for self-directed retirement plans, the trade organization announced on Tuesday. IRAR will provide “self-directed individual retirement accounts (IRAs) and solo 401(k) accounts to NAR members, their families, and association staff at the national, state and local levels,” according to a NAR press release. “Partnering with IRAR Trust Company underscores NAR’s dedication to delivering

Realtors 434

Realtors Tools Investing Real Estate Agent 434

Inman

OCTOBER 31, 2023

A trailer for the new season of the real estate reality TV series suggests that broker Jason Oppenheim feels his LA office's agents have slacked off during a sluggish market while "the agents in the OC work their asses off.

Real Estate 187

Real Estate Agents Marketing Brokerage 187

Eyes on Housing

OCTOBER 31, 2023

The Census Bureau’s Housing Vacancy Survey (CPS/HVS) reported the U.S. homeownership rate at 66% in the third quarter of 2023, amid persistently tight housing supply and elevated mortgage interest rates. The homeownership rate remained statistically unchanged from the second quarter reading (65.9%). Compared to the peak of 69.2% in 2004, the homeownership rate is 3.2 percentage points lower and remains.

Mortgage 172

Mortgage 172

Inman

OCTOBER 31, 2023

If you want to join the ranks of the top listing agents in your market, trainer and author Bernice Ross says that Cohen's proven strategies and tactics can help you become a top listing agent as well.

Agents 183

Agents Marketing 183

BiggerPockets

OCTOBER 31, 2023

Renting properties to tenants is a great way to earn passive income, but you must follow many laws and rules, including collecting security deposits. Before you begin renting to tenants, it’s important to understand the answer to what is a security deposit and all the factors that go into it.

Tenants 94

Tenants Law Landlords 94

Inman

OCTOBER 31, 2023

The wrong social media post is like a vampire: It lives forever and sucks the lifeblood of your reputation. Trainer Rachael Hite offers three tips to repel bad juju online.

Agents 183

Agents Marketing 183

BiggerPockets

OCTOBER 31, 2023

Mortgage demand continues to fall as rates break the 8% barrier. What comes next for the real estate market?

Mortgage 93

Mortgage Real Estate Marketing 93

Inman

OCTOBER 31, 2023

While everyone waits and worries about the outcome of the current commission trial, there's already a perfectly simple solution to defining and communicating with buyers about your commission, writes broker-owner Teresa Boardman.

Buyers 179

Buyers Brokerage Agents Marketing 179

BiggerPockets

OCTOBER 31, 2023

When you ask what the most important factor is when buying a piece of real estate, whether it is a primary residence, a second home, or an investment property, their […]

Real Estate 92

Real Estate Investing 92

Inman

OCTOBER 31, 2023

Available everywhere except New York, loanDepot's new "accessZERO" program provides a down payment of up to 5 percent in the form of a 10-year fully amortized second mortgage.

Buyers 179

Buyers Mortgage Tools Insurance 179

BiggerPockets

OCTOBER 31, 2023

Housing is the single-largest expense for most Americans. Those looking to offset living expenses, build equity, and earn rental income have become enamored with house hacking.

Investors 91

Investors Mortgage Finance 91