Housing Wire

DECEMBER 12, 2023

Today’s inflation reports show that Federal Reserve rate cuts are in play in 2024 — not because of the labor market breaking, but because real rates are too high. If the labor market gets weaker, meaning jobless claims break over 323,000 on the four-week moving average, we can get even more rate cuts. The labor market is not there yet so for now we can focus on the fact that the Fed overhiked, and because of that, they have room to cut.

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Real Estate Marketing Mortgage 505

Real Estate News

DECEMBER 12, 2023

Economists were optimistic about the year ahead, but noted that inflation and mortgage rates will be key factors.

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Mortgage 331

Housing Wire

DECEMBER 12, 2023

The copycat commission lawsuits have made it to the West Coast. A home seller plaintiff in California filed an antitrust lawsuit on Friday in U.S. District Court for Northern California, accusing the real estate industry of colluding to artificially inflate real estate agent commissions. The lawsuit was filed by Christina Grace, who sold a house listed on Bay Area Real Estate Information Services MLS (BAREIS MLS) in April 2020 and paid a commission to the buyer’s agent.

Realtors 476

Realtors Sellers Real Estate Buyers 476

Real Estate News

DECEMBER 12, 2023

While high borrowing costs brought the market to a halt in 2023, there are signs that mortgage rate relief is coming in 2024.

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Mortgage Marketing 317

Housing Wire

DECEMBER 12, 2023

California-based mortgage lender loanDepot on Tuesday announced the launch of its fully automated underwriting engine called melloNow. The new system, which has been in beta-testing for the last several quarters, delivers a fully conditional loan approval “in minutes rather than hours or days,” the company said in a statement. Jeff Walsh, loanDepot’s mortgage president, said in a statement that the new underwriting engine allows the company to bypass “the delays and

Loan Officers 468

Loan Officers Technology Lending Mortgage 468

Real Estate News

DECEMBER 12, 2023

The Massachusetts attorney general claimed the "buy-before-you-sell" company targeted financially strained homeowners through its sale-leaseback program.

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Real Estate News

DECEMBER 12, 2023

Zillow completes acquisition of Follow Up Boss; CoreLogic introduces mortgage insights tool for lenders; Cloze integrates with design platform Canva.

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Design Tools Mortgage 290

Housing Wire

DECEMBER 12, 2023

PrimeLending , a Texas-based retail mortgage bank, added 12 new loan originators as it attempts to grow market share within its existing Texas footprint. Among the newly added LOs in the fall included two LOs — John Muhammad ($25.72 million) and Hugo Ortiz-Pulido ($21.21 million) with a production volume of more than $20 million year-to-date, according to mortgage tech platform Modex.

Loan Officers 448

Loan Officers Retail Lending Mortgage 448

Real Estate News

DECEMBER 12, 2023

San Diego and Orange County join San Francisco and LA as Redfin Next launch cities on Jan. 1. The program is designed to “remove the ceiling” from compensation.

Agents 278

Agents Design 278

Housing Wire

DECEMBER 12, 2023

Homeowners are increasingly concerned with flood insurance premium hikes impacting affordability, Fannie Mae ‘s latest national flood survey showed. Despite people’s personal flooding experience, consumers have a poor understanding of the flood risk of their residence, particularly for those in high-risk zones, according to survey results. Fannie Mae conducted an online survey in late 2022 among a national panel sample whose addresses were in or near a Federal Emergency Management Agency

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Insurance Home Value Government Design 447

Inman

DECEMBER 12, 2023

Public nominations are now open in four awards categories for 2024, including a slate of new honors designed to spotlight achievements in artificial intelligence and recognize real estate's emerging leaders.

Real Estate 193

Real Estate Design Finance Technology 193

Housing Wire

DECEMBER 12, 2023

While sellers of existing homes have struggled with rising rates and softening demand, homebuilders have not only survived, but thrived in this market thanks to the use of mortgage rate buydowns , a tool more widely used by builders since their business is selling homes and clearing inventory. Research from the AEI Housing Center found that these buydowns are not only an effective tool to qualify income-constrained buyers and alleviate excess inventory, but they have also allowed builders to for

Tools 445

Tools Inventory Sellers Buyers 445

Inman

DECEMBER 12, 2023

Cloze is the first application in its category to integrate with the web-based graphic design platform Canva, the customer relationship management platform revealed exclusively to Inman.

Design 188

Design Technology Marketing 188

Housing Wire

DECEMBER 12, 2023

The Council of Multiple Listing Services announced its new board of director members for 2024 on Tuesday. The MLS trade group said the new directors will assume their roles starting Jan. 1, 2024. The two new directors elected to the board are Justin Haag, the general counsel and incoming president and CEO from Northwest MLS , and Chris Haran, the managing director and chief technology officer from MRED in Illinois.

Real Estate Agent 436

Real Estate Agent Real Estate Agents Government 436

Inman

DECEMBER 12, 2023

Christina Grace, a California resident who sold her home in Marin County, filed suit Friday against NAR, Compass and Keller Williams, among others, claiming she was stuck with hefty commissions.

Realtors 187

Realtors Brokerage 187

Housing Wire

DECEMBER 12, 2023

Cenlar FSB , the second-largest mortgage servicer and largest subservicer in the U.S., has partnered with financial services-focused data and analytics company BaseCap Analytics to pilot a new program designed to enhance regulatory and operational processes and compliance. The technology is designed to help businesses with “their data management and regulatory reporting by rapidly identifying data inconsistencies,” according to an announcement of the partnership.

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Technology Design Development Mortgage 424

Inman

DECEMBER 12, 2023

The Consumer Price Index rose 0.1 percent between October and November and was 3.1 percent higher than a year earlier, suggesting interest rates will hold steady at this week's Federal Reserve meeting.

Marketing 184

Marketing 184

Housing Wire

DECEMBER 12, 2023

Inflation continued to edge down in November on a monthly basis, reinforcing the likelihood that the Federal Reserve holds interest rates steady at its final meeting of the year on Wednesday. Consumer prices were up 3.1% in November from a year earlier, down from 3.2% in October, according to data released by the Bureau of Labor Statistics on Tuesday.

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Tools Housing Market Mortgage Marketing 405

Inman

DECEMBER 12, 2023

Redfin's new commission-based model, Redfin Next, is now available to agents in San Diego and Orange County. Agents will keep their W-2 status and benefits while getting commission splits of up to 75 percent.

Agents 181

Agents Brokerage Marketing 181

Eyes on Housing

DECEMBER 12, 2023

Consumer prices rose slightly in November, with a decline in the gasoline index being offset by an increase in the shelter index. The ongoing slowdown in inflation increases the probability that the Fed is done increasing rates. However, even after peaking in March this year, shelter costs continued to put upward pressure on inflation, accounting for nearly 70% of the.

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Inman

DECEMBER 12, 2023

What differentiates effective, successful agents from those who aren't seeing results? According to broker and new Inman contributor Joseph Santini, it's the willingness to lead-gen consistently.

Agents 181

Agents Marketing 181

Eyes on Housing

DECEMBER 12, 2023

Using the Bureau of Economic Analysis most recent release of county level personal income per capita data and Census Bureau’s county level permit data, new NAHB analysis finds that single-family and multifamily construction takes place more often in areas where incomes are higher. Counties were grouped into five quintiles by the personal incomes per capita for each county.

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Construction 166

Inman

DECEMBER 12, 2023

Simply Homes applies a more proptech-oriented approach by using an artificial intelligence-generated performance model to determine what each property will require to reach livability and in time, profitability.

Technology 180

Technology 180

The Appraiser Coach

DECEMBER 12, 2023

During my mastermind meetings we have what we call “couch time.” This is the time when people have an hour to “lay down on the couch” and tell us about their problems so that we can help them find solutions. During one of these sessions with my online mastermind class, one of the guys in attendance said something that really stuck with me. “If you don’t hire an assistant, you ARE the assistant.

Appraisal 150

Appraisal Inspection Advertising Business 150

Inman

DECEMBER 12, 2023

Hart joined Compass in 2020. After his departure, the fast-growing brokerage will eliminate the role of chief operating officer.

Brokerage 176

Brokerage 176

BiggerPockets

DECEMBER 12, 2023

This eighteen and twenty-two year old are on track to reach financial freedom by the age of thirty.

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Inman

DECEMBER 12, 2023

The WeWork founder quietly scooped up $1 billion worth of apartment buildings near the peak of the multifamily housing market. His first building is now in lease-up. Here’s what we know.

Housing Market 176

Housing Market Marketing 176

BiggerPockets

DECEMBER 12, 2023

How do you make six figures in passive income with no college degree, very little money, and zero experience in real estate?

Real Estate 92

Real Estate 92

Inman

DECEMBER 12, 2023

In the latest in his Snapshot series, team leader Brandon Doyle talks to Kopis CEO Andy Kurtz about how the real estate industry is harnessing custom, integrated tech solutions.

Real Estate 173

Real Estate Technology Agents 173

Mortgagebroker News

DECEMBER 12, 2023

Major index of bank stocks saw an uptick by 11%

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Inman

DECEMBER 12, 2023

Research shows that kindness can positively impact your business. According to luxury agent Nikki Beauchamp, incorporating kindness in your professional toolkit can pay dividends, both for others and for your own satisfaction.

Business 172

Business Agents Marketing 172

Mortgagebroker News

DECEMBER 12, 2023

A refocus on the country's spending may address its slow productivity growth

Government 73

Government Investing 73

Inman

DECEMBER 12, 2023

After months of beta testing, the melloNow underwriting engine can analyze credit reports, detect fraud, and validate income and employment data without human assistance.

Technology 171

Technology Mortgage 171

Mortgagebroker News

DECEMBER 12, 2023

How many new products did Strive unveil in 2023?

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