Housing Wire

NOVEMBER 5, 2024

The COVID-19 pandemic impacted the housing market like no event since the 2008 financial crisis, but some of the trends induced by the pandemic are starting to reverse. That’s evident in the annual profile of home buyers and sellers from the National Association of Realtors (NAR), which provides data on dozens of real estate trends. When the pandemic began in the spring of 2020, wealthy residents of urban centers like New York City and San Francisco packed their bags for rural areas and small to

Realtors 468

Realtors Housing Market Construction Real Estate 468

Appraisal Buzz

NOVEMBER 5, 2024

The CoreLogic has released the Home Price Index (HPI) and HPI Forecast for September 2024. In September, the annual growth rate of U.S. home prices slowed to 3.4%. After months of moderate monthly losses, property prices recovered to register a very minor rise (0.02%) when compared to the previous month. All things considered, since late summer, home prices have remained largely unchanged.

Housing Market 418

Housing Market Mortgage Buyers Appraisal 418

Housing Wire

NOVEMBER 5, 2024

In efforts to escape “sky-high real estate prices” and rising costs of living, California residents are favoring Arizona as a top relocation destination behind only Texas. That’s according to a report released Monday by StorageCafe , a national marketplace for storage space and an affiliate of real estate data provider Yardi. The report reviewed U.S.

Real Estate 418

Real Estate Technology Business Housing Market 418

Appraisal Buzz

NOVEMBER 5, 2024

U.S. home prices increased 0.2% in September compared with October and were up 3.4% compared with September 2023, according to CoreLogic. It was the slowest growth rate for home prices nationally in over a year, CoreLogic says in its latest home price index report. Currently, the firm is predicting that home price growth will slow to 2.3% by the same time next year.

Housing Market 395

Housing Market Mortgage Buyers Appraisal 395

Housing Wire

NOVEMBER 5, 2024

The role of the real estate agent has been under the microscope of late as a result of class-action litigation over agent commissions, but the feedback agents want most about their practices comes from two sources — home buyers and sellers. A new report from the National Association of Realtors (NAR) surveyed buyers and sellers on what they want from their real estate agents.

Real Estate Agent 435

Real Estate Agent Real Estate Sellers Agents 435

Real Estate News

NOVEMBER 5, 2024

The combined deals, which total nearly $5 million, are the next step in resolving litigation for the four firms with regional and national footprints.

Brokerage 290

Brokerage 290

Real Estate News

NOVEMBER 5, 2024

Watch the conversation with Zillow CEO Jeremy Wacksman as he explains why savvy shoppers are better for agents, and why private listing networks are “just bad.

Buyers 279

Buyers Agents 279

Housing Wire

NOVEMBER 5, 2024

Fathom Holdings , the parent company of Fathom Realty , is expanding its footprint in Arizona. The firm announced Monday that it had acquired Scottsdale-based My Home Group , adding more than 2,200 agents to its headcount. The financial terms of the deal were not disclosed, but the company will be discussing the acquisition on its third-quarter earnings call on Thursday, according to its announcement.

Agents 388

Agents Realty Real Estate Development 388

Appraisal Buzz

NOVEMBER 5, 2024

In a planned transition, Sean Dugan is to assume the role of CEO for Dark Matter Technologies effective April 2025. Dugan currently holds the role of chief revenue officer at the mortgage software firm, which provides the Empower loan origination platform. Current CEO Rich Gagliano will serve as executive chairman. Gagliano launched Dark Matter in 2023 following over a decade of leadership at its predecessor, Black Knight Origination Technologies.

Technology 195

Technology Clients Development Mortgage 195

Housing Wire

NOVEMBER 5, 2024

The removal of offers of buyer broker compensation from most MLSs across the country — as mandated by the National Association of Realtors’ (NAR) commission lawsuit settlement agreement — was a massive change for real estate agents and brokers. But they aren’t the only housing professionals impacted by these changes. Real estate appraisers also rely on MLS data, including information about buyer broker compensation and seller concessions, in order to accurately appraise properties for homebuyers

Appraisal 370

Appraisal Business Real Estate Agent Real Estate 370

George Dell

NOVEMBER 5, 2024

A time adjustment is needed because all our sales data is historical. A sale price 6 months ago cannot be properly reflected in today’s dollars. Two parts. Two components. Two reasons: The value of the dollar has changed. The competing market price level has changed. Editor’s Note: This blog is part 3 on the Time […] The post Time for Time Adjustment?

Marketing 195

Marketing 195

Housing Wire

NOVEMBER 5, 2024

Onity Group , the recently rebranded parent company of top-10 lender Liberty Reverse Mortgage , posted improved earnings results in the third quarter of the year — with particular attention given to the profitability of its forward and reverse mortgage servicing segments. Onity CEO Glen Messina led the Tuesday morning earnings call by saying that the company recorded its “highest adjusted pretax income and return on equity in the last three years,” which came in at $35 million.

Mortgage 368

Mortgage Investing Business Marketing 368

Inman

NOVEMBER 5, 2024

The virtual brokerage argued Tuesday that it's settlement wasn't too small, and asked a court to reject attempts to force it back to the negotiating table.

Brokerage 168

Brokerage Realty 168

Housing Wire

NOVEMBER 5, 2024

Credit rating agency Fitch announced this week that its long-term issuer default rating for Finance of America was downgraded to “restricted default” status following its recently publicized debt exchange plan. The rating was then upgraded to “CCC” following the completion of the exchange agreement. Fitch explained its rationale for the whipsaw of ratings by characterizing FOA’s move as a “distressed debt exchange.

Valuation 363

Valuation Finance Mortgage Investing 363

Inman

NOVEMBER 5, 2024

Trade group says plaintiffs' complaint over "compulsory" Realtor membership to access the MLS is "nothing more than a desire to have membership benefits without membership.

Realtors 167

Realtors Brokerage 167

Housing Wire

NOVEMBER 5, 2024

loanDepot achieved profitability in the third quarter of 2024, ending an 11-quarter streak of financial losses. Cost reductions and revenue growth drove this turnaround amid lower interest rates, which boosted refinancing activity. As a result, loanDepot is retiring its Vision 2025 strategic plan, which began in July 2022 to help the company reduce its non-volume expenses by more than $730 million.

Loan Officers 397

Loan Officers Retail Investing Brokerage 397

Inman

NOVEMBER 5, 2024

Beleaguered lender ekes out $2.67 million third quarter profit, with loan originations up 9 percent from a year ago as refinancings bounce back on retreat in rates.

Mortgage 167

Mortgage 167

Eyes on Housing

NOVEMBER 5, 2024

Private fixed investment in student dormitories increased by 2.2% to a seasonally adjusted annual rate (SAAR) of $3.9 billion in the third quarter of 2024. This rise follows a 7% decrease in the prior quarter. However, private fixed investment in dorms was 1.8% lower than a year ago, as the elevated interest rates place a.

Investing 145

Investing Construction 145

Inman

NOVEMBER 5, 2024

Judge Stephen R. Bough, who ruled on Sitzer | Burnett, said Gibson deals "provide a significant financial recovery to the Settlement Class in light of the strengths and weaknesses of the case.

Brokerage 166

Brokerage Agents 166

Mortgagebroker News

NOVEMBER 5, 2024

Proposed legislation opens door for interest-free mortgage options for Muslim homebuyers

Mortgage 82

Mortgage 82

Inman

NOVEMBER 5, 2024

The latest iteration of REDX's ad builder introduces customizable ad templates and an easier, more direct connection to Facebook accounts so campaigns can be created and launched in less time.

Advertising 165

Advertising Technology Marketing 165

Mortgagebroker News

NOVEMBER 5, 2024

Lender's vice president of sales shares her views

Mortgage 80

Mortgage 80

Inman

NOVEMBER 5, 2024

NextHome, the Keyes Company, John L. Scott Real Estate and the K Company Realty have agreed to pay a combined total of nearly $5 million.

Realty 164

Realty Real Estate Realtors Brokerage 164

Mortgagebroker News

NOVEMBER 5, 2024

It comes as alternative lending grows

Lending 78

Lending Mortgage 78

Inman

NOVEMBER 5, 2024

The sequel to the 2015 "DANGER Report" details 20 opportunities in a changing industry. In the first of a 2-part series, Carl Medford applies its findings to agents, teams and brokerages.

Brokerage 162

Brokerage Agents Real Estate Agent Real Estate 162

Will Springer Realtor

NOVEMBER 5, 2024

Alongside high mortgage rates in 2024, buyers and sellers face another major shift in real estate practices. A recent settlement involving the National Association of Realtors® (NAR) has led to new standards. Now, buyers must establish a services agreement with their broker, and sellers are often reducing the compensation offered to brokers. This shift follows claims that sellers were pressured to pay for both their listing agent and the buyer’s broker.

Buyers 66

Buyers Sellers Real Estate Insurance 66

Inman

NOVEMBER 5, 2024

Across 10 states, ballot measures ask voters to weigh in on changes to property taxes, veterans benefits and more. One even considers whether or not to abolish property taxes altogether.

Property Taxes 158

Property Taxes Marketing 158

Mortgagebroker News

NOVEMBER 5, 2024

Buyers respond to interest rate cuts, pushing home sales to their highest levels in months

Buyers 45

Buyers Mortgage 45

Inman

NOVEMBER 5, 2024

From the pristine cleanliness of the home to the personalized touches that make buyers feel welcome, Darryl Davis writes, small efforts can lead to big results.

Open Houses 157

Open Houses Real Estate Agent Real Estate Agents 157

BiggerPockets

NOVEMBER 5, 2024

Should you move to reach FIRE? And if so, where to?

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45

Inman

NOVEMBER 5, 2024

The choice to create the life and business you desire, coaches Melanie Klein and Emily Bossert write, one aligned with your values, is fortified and strengthened through your commitment to yourself.

Business 156

Business Design Agents 156

Eppraisal

NOVEMBER 5, 2024

The real estate market is constantly evolving, and savvy homeowners are always looking for ways to maximize their home's value. One of the most effective strategies for increasing a home's appeal and ultimately its price tag is through smart remodeling. As we head into 2025, several key trends are emerging that will impact home value and attract buyers seeking modern and desirable features.

Home Value 36

Home Value Renovations Modernization Buyers 36

Inman

NOVEMBER 5, 2024

The Sacramento-based company will operate using the name "Windermere Signature Properties" nearly four years after its acquisition. The firm boasts more than 700 agents, as well as 14 offices.

Brokerage 155

Brokerage Agents Real Estate 155

Mortgagebroker News

NOVEMBER 5, 2024

As housing demand surges, Canadians call for government and private sector collaboration

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Government 41