Housing Wire

MARCH 20, 2024

Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. This misconception obscures the reality that, historically, buyers lacked formal representation. Initially, the entire commission percentage was pocketed by the listing agent, who solely represented the seller’s interests.

Real Estate 497

Real Estate Buyers Agents Sellers 497

Sacramento Appraisal Blog

MARCH 20, 2024

Everyone is talking about the National Association of Realtors (NAR) lawsuit settlement, and I have a few thoughts too. It’s important to cultivate objectivity and keep some things in mind about buyers, sellers, and concessions. UPCOMING SPEAKING GIGS: 3/21/24 2024 Market Update for Brent Gove Team (big event free) 3/26/24 Orangevale MLS meeting 9am 4/11/24 […] The post Some things on my mind about the NAR lawsuit first appeared on Sacramento Appraisal Blog.

Sellers 385

Sellers Realtors Buyers Appraisal 385

Housing Wire

MARCH 20, 2024

Last week, the National Association of Realtors (NAR) announced a settlement agreement in the Sitzer Burnett case that would take effect in July. For those who missed the declarations that this outcome will render transacting real estate almost free, protect consumers and make homeownership affordable once again, the settlement does none of that. Here’s the truth.

Sellers 482

Sellers Real Estate Realtors Realty 482

Real Estate News

MARCH 20, 2024

Plaintiffs ask for more time to respond to the DOJ following NAR’s announcement, which could affect the existing deal in the Nosalek case.

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Housing Wire

MARCH 20, 2024

The Federal Reserve ’s Federal Open Markets Committee (FOMC) held its short-term policy interest rate steady at a range of 5.25% to 5.5% for a fifth straight meeting on Wednesday. “The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2%,” according to the FOMC statement. “In addition, the Committee will continue reducing its holdings of Treasury securities and agency de

Investors 482

Investors Mortgage Marketing Finance 482

Real Estate News

MARCH 20, 2024

Now the lone defendant in at least two cases, the brokerage vows to "aggressively pursue options" to resolve litigation even as it faces billions in damages.

Brokerage 264

Brokerage 264

Eyes on Housing

MARCH 20, 2024

Continuing NAHB’s commitment to be at the forefront of research on home buyer preferences, the 2024 edition of What Home Buyers Really Want was recently released at the International Builders’ Show. The primary objective of the study is to provide builders, manufacturers, architects, and the general residential construction industry with a thorough analysis of what.

Buyers 195

Buyers Construction 195

Housing Wire

MARCH 20, 2024

Like with most things in life, real estate brokerages come in a variety of shapes and size, from white-glove service firms to discount brokerages to flat-fee firms that offer al a carte services. While all types of brokerage models see different levels of success in the current real estate environment, industry experts believe this may change due to the terms of the recently negotiated settlement agreement by the National Association of Realtors (NAR) in the commission lawsuits.

Brokerage 476

Brokerage Agents Realtors Real Estate 476

George Dell

MARCH 20, 2024

Appraiser education is about a proven and “well-established” process! Developed nearly 100 years ago! The idea is to balance demand on supply, then explain where the subject fits. 1930s: Find some comps, compare, conclude. 2000s: Pick some comps, adjust to fit, conclude. Yesterday: Pick good comps, adjust, adjust, conclude. The embedded old ways obstruct modern […] The post Education Stagnation Repudiation?

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Modernization Development Appraisal 195

Housing Wire

MARCH 20, 2024

One of the major takeaways from Federal Reserve Chair Jerome Powell’s Wednesday news conference was that officials still expect interest rates to come down three times this year, indicating that recent higher-than-expected inflation numbers haven’t been enough to derail previous forecasts. As widely anticipated, central bankers left the benchmark interest rate steady at 5.25% to 5.5%.

Mortgage 468

Mortgage Government Lending Investors 468

Inman

MARCH 20, 2024

Two marketing companies in real estate, Local Logic and Property Panorama, have created a data partnership for each firm's user base.

Marketing 187

Marketing Real Estate Technology 187

Housing Wire

MARCH 20, 2024

Intercontinental Exchange (ICE) launched a mortgage insurance (MI) center on its Encompass loan origination system, part of the company’s vision to to become a ‘ life-of-loan’ platform. The mortgage insurance center, which provides services from third-party providers Arch MI , Enact , Essent , MGIC , National MI and Radian , will improve management functionality and enhance rate quote comparisons, ICE said in a news release.

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Insurance Mortgage Technology Tools 459

Inman

MARCH 20, 2024

The verdict in the monumental Sitzer | Burnett commission case in Missouri — plus oversight by federal regulators — has splintered the industry as it scrambles to figure out how to move forward.

Real Estate 187

Real Estate Realty Realtors Brokerage 187

Housing Wire

MARCH 20, 2024

Reverse mortgage industry veteran Tane Cabe recently left his position at Fairway Independent Mortgage Corp.’s reverse division to transition back into a role as a reverse mortgage broker. He joined C2 Financial ’s reverse division in a move that he says helped to return him to his “roots.” RMD caught up with Cabe recently to learn about why he made the transition back to being a broker.

Development 459

Development Mortgage Tools Loan Officers 459

Inman

MARCH 20, 2024

After two consecutive weeks of rising demand, applications for purchase mortgages dropped by a seasonally adjusted 1 percent last week compared to the week before, and 14 percent from a year ago.

Mortgage 187

Mortgage Marketing 187

Housing Wire

MARCH 20, 2024

About 65 mortgage professionals have not transitioned from AmCap Home Loans to its acquirer, CrossCountry Mortgage (CCM), and rival New American Funding (NAF) has hired the AmCap personnel to expand its business in Texas, the lender announced last week. Industry veteran Tom Boyd became a divisional executive vice president at NAF in December after spending more than 10 years at AmCap, where his prior job was as division president.

Mortgage 459

Mortgage Loan Officers Inventory Finance 459

Inman

MARCH 20, 2024

Customers of real estate software company RESAAS can now opt in to having listings published as “coming soon” on industry-leading search portal Zillow.

Real Estate 187

Real Estate Technology Marketing 187

Housing Wire

MARCH 20, 2024

Ally Home , the residential mortgage lending arm of Ally Bank , is offering a $5,000 grant for eligible homebuyers in the select markets of Charlotte, Detroit and Philadelphia, the company announced on Tuesday. The upfront lump sum can be applied toward a down payment, closing costs or other expenses related to the homebuying process. Ally is partnering with HouseCanary, a tech-forward appraisal firm, to help consumers identify grant-eligible properties using the Ally ComeHome search portal.

Technology 457

Technology Tools Lending Marketing 457

Inman

MARCH 20, 2024

Most brokerage leaders in February still expected to be better-staffed this time next year, the Intel Index found. But that optimism was weakening even before NAR's $418M settlement Friday.

Brokerage 184

Brokerage Agents Marketing 184

Housing Wire

MARCH 20, 2024

Figure Lending LLC is now operating under the umbrella of Figure Technology Solutions , independent of CEO Mike Cagney ’s Figure Technologies. Figure Technology Solutions will focus on developing and distributing its proprietary, technology-enabled platform to partners and investors in the home equity lending ecosystem, the fintech firm announced earlier this week.

Lending 448

Lending Technology Investors Development 448

Inman

MARCH 20, 2024

What's causing you the most stress when it comes to NAR's $418 million settlement of the real estate commission lawsuits?

Real Estate 183

Real Estate Brokerage Agents 183

Housing Wire

MARCH 20, 2024

Realty ONE Group International , a global real estate franchise, recently promoted five women to drive the company’s global growth. Cory Vasquez was promoted to the position of co-president, alongside Vinnie Tracey, who has been the company’s president since 2017. Before this promotion, Vasquez served as the company’s vice president of global communications.

Realty 446

Realty Human Resources Real Estate Brokerage 446

Inman

MARCH 20, 2024

In addition to anticipating three rate cuts this year, Federal Reserve policymakers are considering whether to taper the pace at which they unwind the central bank's $7 trillion balance sheet.

Mortgage 183

Mortgage Marketing 183

Housing Wire

MARCH 20, 2024

The PROGRESS in Lending Association released the names for its 2024 Innovations Award winners last week, including two vendors that are active in the reverse mortgage industry, according to an announcement. The organization recognized LoanPASS for its loan pricing software, which can map out forward and reverse mortgage options side by side. “In this current market, many lenders are looking for new lending products to offer to help expand their offerings and keep the company afloat,” the organiz

Lending 444

Lending Mortgage Technology Construction 444

Inman

MARCH 20, 2024

Agents who see the changes coming and adapt to the new reality by cementing their relationships will be in a position to seize the day as market winds shift, mega-team leader Carl Medford writes.

Buyers 183

Buyers Marketing Agents Brokerage 183

Eyes on Housing

MARCH 20, 2024

The Federal Reserve’s monetary policy committee held the federal funds rate constant at a top target of 5.5% at the conclusion of its March meeting. The Fed will continue to reduce its balance sheet holdings of Treasuries and mortgage-backed securities as part of quantitative tightening and balance sheet normalization. Marking a fifth consecutive meeting holding.

Mortgage 167

Mortgage 167

Inman

MARCH 20, 2024

While incentives are still an integral part of the new-home market, they're falling out of popularity in the rental segment as demand — and competition — strengthens. The number of Zillow rental listings with concessions has struggled, going from 32.7 percent in December to 31.9 percent in January. The concession rate jumped 5.6 percent year over year to 32.2 percent in February; however, it marks the slowest annual growth pace since June 2023.

Landlords 178

Landlords Marketing 178

Eyes on Housing

MARCH 20, 2024

As we reported earlier, immigrants make one in four construction workers. The share is significantly higher (31%) among construction tradesmen. In some states, reliance on foreign-born labor is particularly evident, with immigrants comprising 40% of the construction workforce in California and Texas.

Construction 167

Construction 167

Inman

MARCH 20, 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.

Real Estate 173

Real Estate Realtors Technology Brokerage 173

BiggerPockets

MARCH 20, 2024

Falling prices haven't been common in today's market. With higher mortgage rates and low inventory, many investors have waited on the sidelines. Is now the time to plunge back in?

Marketing 93

Marketing Investing Inventory Investors 93

Inman

MARCH 20, 2024

Key policy item for first-term Mayor Brandon Johnson would have raised an estimated $100 million a year through a tax hike on real estate sales.

Real Estate 172

Real Estate Realtors Agents Marketing 172

BiggerPockets

MARCH 20, 2024

Paris officially implemented the "15-minute city" as an urban planning concept, and now city planners across the world are debating the merits of switching to this model. What is a 15-minute city, and is it something you should invest in?

Investors 93

Investors Investing Real Estate 93

Inman

MARCH 20, 2024

An appeals court issued a ruling on Tuesday stating that a lawsuit challenging New York's property tax system was mistakenly dismissed

Property Taxes 166

Property Taxes Marketing 166

BiggerPockets

MARCH 20, 2024

James Dainard, a house flipper in Seattle, Washington, has been on a flipping spree for the past two decades.

Marketing 92

Marketing 92