Housing Wire

FEBRUARY 23, 2024

Although the Greater Boston area may still be plagued by persistently chilly temperatures, its housing market is still red-hot. According to data from Altos Research , the Boston-Cambridge-Quincy, MA-NH metropolitan area was the hottest housing market nationwide as of Feb. 23, 2024. The metro area, which comprises Southern New Hampshire and the North Shore region of Massachusetts , had an Altos Market Action Index score of 60.59 in late February, over a full point higher than the second-place fi

Housing Market 493

Housing Market Marketing Inventory Buyers 493

Real Estate News

FEBRUARY 23, 2024

Losses rose as revenue, U.S. agent count dropped. After a leadership shakeup, CEO Erik Carlson said having "the right people" is "vital to our future success.

Agents 264

Agents 264

Housing Wire

FEBRUARY 23, 2024

We got a great existing home sales report on Thursday, but is this data already too old? Existing home sales showed a jump in sales, which was anticipated by most as we had positive, forward-looking housing data due to mortgage rates falling from 8.03% to 6.63%. However, the last four weeks have had negative trending data. This is nothing dramatic, but similar to what we saw in 2023 when mortgage rates rose from 5.99% up to 7.25%.

Inventory 493

Inventory Mortgage New Listings Marketing 493

Inman

FEBRUARY 23, 2024

Consumer watchdog CFA hails federal agency's proposal to ban sellers from making compensation offers as a "major watershed" in promoting more competition in real estate.

Real Estate 200

Real Estate Sellers Realtors Brokerage 200

Housing Wire

FEBRUARY 23, 2024

The year 2024 has started with cautious optimism that mortgage rates will drop, sparking much-needed activity in the sluggish U.S. housing market. Mortgage rates, however, have been on a rising trend of late. Recent data shows that the economy is booming, while the Federal Reserve is signaling that it will take its time before cutting benchmark interest rates.

Housing Market 488

Housing Market Marketing Retail Mortgage 488

Inman

FEBRUARY 23, 2024

Guttentag "remained sharp to the end” and continued researching and writing about mortgages until passing away peacefully on Feb. 6.

Mortgage 194

Mortgage 194

Inman

FEBRUARY 23, 2024

If you know you should be creating video for marketing, but you're out of ideas, Jimmy Burgess offers plenty of strategies that are working now.

Marketing 193

Marketing Agents 193

Housing Wire

FEBRUARY 23, 2024

The gap between Black and white renter families that could afford a mortgage narrowed significantly during the COVID-19 pandemic, according to a Zillow report released Friday. About 7.8% of Black renter families earned enough income in 2022 to afford a mortgage with a 3% down payment, compared to 12.5% of white families that year — representing a gap of 4.7 percentage points.

Mortgage 475

Mortgage Home Value Lending Real Estate 475

Inman

FEBRUARY 23, 2024

The additional boost to 2024 home sales might come at the expense of slightly slower growth next year due to elevated mortgage rates, forecasters said.

Mortgage 192

Mortgage Marketing 192

Housing Wire

FEBRUARY 23, 2024

Technology is at the core of everyday real estate operations. However, recent data breaches involving major players like loanDepot , First American Financial , and others have shed light on the vulnerability of sensitive information within the industry. Many personal dreams and aspirations take shape in our industry, so safeguarding information is essential.

Real Estate 468

Real Estate Real Estate Agent Training Tools 468

Inman

FEBRUARY 23, 2024

No stranger to making headlines, here’s what founder and CEO Mauricio Umansky has been up to since Season 1 wrapped and what to expect this season.

Agents 191

Agents 191

Housing Wire

FEBRUARY 23, 2024

The U.S. Department of Housing and Urban Development (HUD) on Friday announced a series of funding opportunities totaling roughly $3.86 million, which will go toward organizations aiming to boost housing inventory and availability through methods including off-site construction and office-to-residential conversions. “As we’re seeing more and more, our nation’s housing stock does not meet the needs of our growing country,” said HUD Secretary Marcia Fudge in a statement announcing the Notices of F

Inventory 459

Inventory Construction Development Law 459

Inman

FEBRUARY 23, 2024

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Brokerage 189

Brokerage Agents 189

Housing Wire

FEBRUARY 23, 2024

Rocket Companies , the parent of Rocket Mortgage , lost money in 2023 , but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting a GAAP net loss of $390 million in 2023, investors seem to be sold on the company’s path towards Rocket’s “AI-fueled homeownership strategy,” a phrase repeatedly used by executives in a fourth-quarter earnings call on Thursday.

Clients 448

Clients Investing Real Estate Agent Mortgage 448

Inman

FEBRUARY 23, 2024

Zillow announced in a February 21 press release that the AI-driven marketing stack for listing agents, Listing Showcase, sold under the ShowingTime+ brand is now ready for primetime.

Agents 189

Agents Marketing Technology Real Estate 189

Housing Wire

FEBRUARY 23, 2024

In December 2023, a startling rumor started to spread on social media — that large institutional buyers had purchased 44% of the available homes on the market in 2023, leaving policymakers concerned with the potentially predatory grip of these entities. HousingWire lead analyst Logan Mohtashami immediately debunked the claim. In fact, a recent study published by SFR Analytics shows that purchase activity among institutional buyers significantly decreased in 2023.

Buyers 448

Buyers Investors Real Estate Insurance 448

Inman

FEBRUARY 23, 2024

Real estate coach Bernice Ross shares top insights about the future of AI from MIT professor Dr. R. David Edelman from ICNY 2024.

Real Estate 188

Real Estate Technology Agents 188

Housing Wire

FEBRUARY 23, 2024

Roughly 24 hours after filing an objection to the U.S. government’s motion to stop the gathering of evidence in a case against Ginnie Mae , Texas Capital Bank (TCB) responded to the government’s attempt to dismiss the entirety of the bank’s complaint. The case stems from Ginnie Mae’s extinguishment of Reverse Mortgage Funding (RMF) from its reverse mortgage-backed securities program.

Government 439

Government Contracts Finance Lending 439

Eyes on Housing

FEBRUARY 23, 2024

With home building volumes lower, labor shortages have eased considerably since record levels set in 2021 but remain relatively widespread in a historic context, according to results from the latest NAHB/Well Fargo Housing Market Index (HMI) survey. The February 2024 HMI survey asked builders about shortages in 16 specific trades. The percentage of builders reporting a shortage (either some or.

Housing Market 187

Housing Market Marketing 187

Housing Wire

FEBRUARY 23, 2024

Less than 24 hours after announcing Nick Bailey’s departure from the firm, RE/MAX executives found themselves on a call with investors and analysts to discuss the company’s fourth-quarter and full year 2023 earnings. In his opening remarks, Erik Carlson, who was named CEO of RE/MAX Holdings in November, mentioned the promotions of Amy Lessinger , who is replacing Bailey as RE/MAX president, Abby Lee and Susie Winders, but he made no mention of Bailey other than to note his departure.

Agents 435

Agents Investing Brokerage Design 435

Inman

FEBRUARY 23, 2024

Advocates had hoped to quadruple the tax buyers pay on residential and commercial real estate purchases if voters approved the measure next month.

Real Estate 181

Real Estate Buyers Realtors Agents 181

Housing Wire

FEBRUARY 23, 2024

Revenue rose at eXp World Holdings during the fourth quarter of 2023, but the firm was unable to overcome a slow housing market, resulting in a $21 million loss and slower agent count growth. Revenue at the parent company of eXp Realty was up 5% year-over-year to $983 million during the fourth quarter of 2023, executives disclosed on Thursday. For the full year of 2023, revenue reached $4.28 billion.

Agents 435

Agents Realty Housing Market Real Estate 435

Inman

FEBRUARY 23, 2024

New Inman contributor Milena Monet writes that happiness is not just a destination but a continuous pursuit fueled by meaningful connections, personal growth and purposeful actions.

Real Estate 179

Real Estate Brokerage Agents 179

Housing Wire

FEBRUARY 23, 2024

Middle-income Americans who are 75 and older are at serious risk of a retirement crisis, according to a new research brief from the National Opinion Research Center (NORC) at the University of Chicago. “Our cumulative research has projected an impending crisis without a clear policy solution: a majority of middle-income older adults will be unlikely to afford needed care and housing in the next decade, potentially challenging their ability to age with dignity , choice, and independence,” the res

Finance 435

Finance Transportation 435

Eyes on Housing

FEBRUARY 23, 2024

Following a cycle low in December, existing home sales rose to a 5-month high to start the year, according to the National Association of Realtors (NAR). Low resale inventory and strong demand continued to drive up existing home prices, marking the seventh consecutive month of year-over-year median sales price increase. It is also the first time in 14 months that.

Inventory 165

Inventory Realtors Mortgage 165

Housing Wire

FEBRUARY 23, 2024

For many real estate agents, a logical step on their path of professional development is becoming a real estate broker, then working as either a managing broker or a broker-owner. However, unlike other industries where promotion to the management level is generally tied to additional income, some brokers find themselves struggling to perform at the same financial level as their most successful agents.

Real Estate 431

Real Estate Brokerage Development Agents 431

Eyes on Housing

FEBRUARY 23, 2024

The missing middle construction sector includes development of medium-density housing, such as townhouses, duplexes and other small multifamily properties. The multifamily segment of the missing middle (apartments in 2- to 4-unit properties) has disappointed since the Great Recession. For the fourth quarter of 2023, there were just 4,000 2- to 4-unit housing unit construction starts.

Construction 158

Construction Development 158

Inman

FEBRUARY 23, 2024

As many as 15,000 members of St. Louis-based MARIS will have access to ApplyLink, RentSpree's solution for slow lease transactions, dated lead capture, conversion tactics and rental workflows.

Technology 142

Technology 142

BiggerPockets

FEBRUARY 23, 2024

Investors get hung up on their total number of doors, but does that really matter? Here's why investors need to track stats beyond doors.

Investors 93

Investors 93

Mortgagebroker News

FEBRUARY 23, 2024

Increase comes as demand continues to outpace supply

85

85

BiggerPockets

FEBRUARY 23, 2024

Between ChatGPT, Gemini, and other new AI tools, there are now a gazillion ways to outsource and delegate monotonous duties in your business.

Tools 92

Tools Business Real Estate 92

Mortgagebroker News

FEBRUARY 23, 2024

Prospect of rate cuts could see consumer confidence surge

Mortgage 77

Mortgage 77

BiggerPockets

FEBRUARY 23, 2024

Sentiment has been sour on many things in real estate lately, but every market has deals to be made. The same is true for multifamily.

Real Estate 92

Real Estate Marketing Investing 92

Mortgagebroker News

FEBRUARY 23, 2024

Move effective from beginning of April

Mortgage 74

Mortgage 74