Housing Wire

OCTOBER 2, 2024

The brokerages and non-Realtor-owned MLSs that decided to opt in to the National Association of Realtors’ (NAR) commission lawsuit settlement agreement can breathe a sigh of relief. As expected, Judge Stephen R. Bough, who is overseeing the Sitzer/Burnett and Gibson/Umpa suits, granted preliminary approval to the 13 brokerages and 15 MLSs that chose to settle the commission lawsuits via the opt-in mechanism negotiated by NAR in its settlement.

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Brokerage Realtors Legal Real Estate 444

Appraisal Buzz

OCTOBER 2, 2024

While homeowners are witnessing a dramatic reversal in the home equity trend—which had previously shown three quarters of declines in a row—homeowner equity is increasing following notable price surges throughout the spring 2024 buying season. A new ATTOM report examines the present trends in underwater mortgages and homeowner equity, the underlying causes of these trends, and the states most affected.

Mortgage 370

Mortgage Market Value Real Estate Inventory 370

Housing Wire

OCTOBER 2, 2024

Three Texas-based multiple listings services (MLSs) are teaming up. The Houston Association of Realtors (HAR) , San Antonio Board of Realtors (SABOR) and Austin-based Unlock MLS are entering into a data sharing agreement that will give Realtors access to each other’s listings, with the deal set to be finalized by the end of the year. “Comparative market intelligence empowers agents to think differently about their own marketplace and deliver more robust and tailored market expertise to their cli

Realtors 441

Realtors Real Estate Agents Clients 441

Appraisal Buzz

OCTOBER 2, 2024

The title insurance industry mitigates more than $600 billion in estimated risk exposure annually for home buyers, according to a report from First American. The data-driven analysis finds that the role of title professionals in maintaining reliable and accurate property ownership records dramatically reduces estimated risk exposure in real estate transactions.

Insurance 370

Insurance Real Estate Real Property Buyers 370

Housing Wire

OCTOBER 2, 2024

The Federal Reserve ’s 50 basis-point interest rate cut in September is already making an impact on housing markets across the country. But high mortgage rates and affordability challenges put a damper on home-price growth in August. That’s according to CoreLogic ’s Home Price Index, which showed that prices rose 3.9% during the year ending August 2024.

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Housing Market Mortgage Marketing Finance 422

Appraisal Buzz

OCTOBER 2, 2024

The housing market remains in a gridlock as homeowners, faced with high mortgage rates and soaring home prices, find themselves unable to move. The situation has affected various groups—renters struggling to buy, homeowners looking to upgrade, and retirees hoping to downsize—all of which are feeling the bottleneck in the real estate sector. As of June 2024, existing-home sales dropped by 5.4% from the previous year, with the median sale price reaching $426,900, the highest ever recorded.

Renovations 351

Renovations Housing Market Home Improvement Inventory 351

Appraisal Buzz

OCTOBER 2, 2024

In this episode, Hal sits down with JoAnn Apostol of Deer Creek Appraisals, fresh from their meet-up at the Appraisal Summit in Las Vegas! JoAnn shares valuable insights into Colorado’s new approach to handling disciplinary actions. With the Colorado Appraisal Board leading the charge, JoAnn explains how this fresh perspective on accountability is reshaping the field, potentially influencing other states as well.

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Appraisal Modernization 329

Housing Wire

OCTOBER 2, 2024

HomeEquity Bank , the leading reverse mortgage lender in Canada , recently conducted a survey and found that the country’s retirees ages 75 and older were generally happier with their lives than workers in their 50s who are approaching retirement. “According to the findings, 95% of Canadians 75 and older said they are very or somewhat satisfied with their lives, compared to just 79% of Canadians in their 50s,” according to the report.

Mortgage 420

Mortgage Finance 420

Sacramento Appraisal Blog

OCTOBER 2, 2024

The 1990s are back in style. Big pants, Nirvana t-shirts, and Doc Martens. And even the housing market feels a bit like the ’90s. Let’s talk about it. UPCOMING SPEAKING GIGS: 10/18/24 Prime Real Estate (private) 10/22/24 Culbertson and Gray Group (private (I think)) 10/23/24 SAFE Credit Union (details TBA) 10/29/24 Orangevale MLS Meeting 11/7/2024 […] The post The housing market has ’90s vibes first appeared on Sacramento Appraisal Blog.

Housing Market 248

Housing Market Marketing Real Estate Appraisal 248

Housing Wire

OCTOBER 2, 2024

REcolorado has taken a big step toward moving on from its controversial sale earlier this year. The Denver -area MLS has named a new CEO in Dana Bennett, who returns to REcolorado after an 18-month stint away from the company. Bennett’s most recent role at the MLS was as vice president and chief business development officer, and she originally joined REcolorado as director of integrated solutions in 2012. “Dana brings the ideal combination of local market expertise and strong industr

Realtors 409

Realtors Real Estate Agents Brokerage 409

Appraisal Buzz

OCTOBER 2, 2024

Mortgage lenders who share their stories with borrowers and teammates are better able to create strong relationships, retain leads, recruit top talent and even drive revenue, a report from mortgage advisory firm STRATMOR Group shows. In the report, “ Once Upon a Mortgage: Building Relationships Through Storytelling ,” Mike Seminari, customer experience director for STRATMOR Group, shares his own journey—from aspiring musician to mortgage industry and customer experience expert—to illustrate how

Mortgage 195

Mortgage Appraisal 195

Housing Wire

OCTOBER 2, 2024

At any point this year, have you worried about how to articulate the value you bring when representing a homebuyer in a real estate transaction? You know what you do, but how do you explain it so a buyer understands your value? Do you detail the required agency forms, the potential pitfalls, and everything involved to make it to the closing table? Ultimately, every homebuyer prospect, every contract and every negotiation is unique, but the value you provide should be consistent for all situation

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Real Estate Agent Real Estate Clients Buyers 408

Appraisal Buzz

OCTOBER 2, 2024

Fidelity National Financial (FNF) has acquired the commercial operations of First Nationwide Title Agency (FNTA), a division of AMT Commercial Title Services and a subsidiary of AmTrust Financial Services, for an undisclosed sum. FNF is a provider of title insurance and transaction services to the real estate and mortgage industries and a provider of insurance solutions serving retail annuity and life customers and institutional clients through its majority-owned, publicly traded subsidiary F

Insurance 195

Insurance Real Estate Clients Retail 195

Housing Wire

OCTOBER 2, 2024

David Berenbaum, deputy assistant secretary for the Office of Housing Counseling at the U.S. Department of Housing and Urban Development (HUD), addressed industry attendees at the National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo in San Diego last week. He emphasized the important role that the public-private partnership between the industry and HUD represents for the constituency served by these loan products.

Mortgage 404

Mortgage Modernization Real Estate Finance 404

Appraisal Buzz

OCTOBER 2, 2024

Rocket Mortgage and Annaly Capital Management have entered into a subservicing agreement under which Rocket will handle all servicing and recapture activities for a portion of the mortgage servicing rights held by Annaly. Terms of the deal were not divulged. Annaly holds nearly $75 billion in assets invested across its Agency MBS, Residential Credit and MSR strategies.

Mortgage 195

Mortgage Clients Market Value Investing 195

Housing Wire

OCTOBER 2, 2024

As localities across the country wrestle with housing shortages, one Massachusetts town will make its case to a panel of judges next week to argue against a plan that requires the construction of more multifamily units, according to reporting by USA Today and state records reviewed by HousingWire. As part of the broader community operating within the service area of the Massachusetts Bay Transportation Authority (MBTA), the affluent Boston suburb of Milton — with a population of roughly 29,000 p

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Law Transportation Construction Development 401

Appraisal Buzz

OCTOBER 2, 2024

Following the previous week’s surge in applications for refinances , total mortgage application volume fell 1.3% during the week ended September 27, as mortgage rates crept back up slightly, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Overall, mortgage application volume remains historically low so decreases and increases in volume should be viewed in that context.

Mortgage 195

Mortgage Contracts Inventory Buyers 195

Housing Wire

OCTOBER 2, 2024

OptifiNow announced the implementation of its high-tech customer relationship management (CRM) platform with nonqualified mortgage ( non-QM ) lender Arc Home LLC on Tuesday. The platform offers a new broker scoring system designed for better account management and a tagging system to improve email marketing campaigns. The CRM company launched in 2016 to provide third-party origination (TPO) mortgage lenders with account management, sales and email marketing through its software-focused approach.

Marketing 394

Marketing Lending Clients Design 394

George Dell

OCTOBER 2, 2024

Around every corner, someone wants appraiser’s to buy their technology. We get techhype – buy our wonderful. “Prove your adjustments.” “Bulletproof your reports.” Technology of computers and especially software. “Buy our most clever delivery product.” We started with electric typewriters and adding machines. Then calculators (like the hp12c) and fast dot-matrix printers. […] The post Technology: Buy or Sell?

Technology 195

Technology Appraisal Valuation 195

Real Estate News

OCTOBER 2, 2024

University at Buffalo School of Law professor Tanya Monestier’s draft agreement gets most agents “90% of the way there,” she told Real Estate News.

Law 242

Law Buyers Real Estate Agents 242

Inman

OCTOBER 2, 2024

New CEO Nykia Wright told NAR's board of directors the trade group's next step will be to develop a "comprehensive" litigation strategy and size up any additional legal exposure related to its rules.

Legal 151

Legal Development Realtors 151

Real Estate News

OCTOBER 2, 2024

John L. Scott and Real Estate One are the latest firms to reach a deal in the Gibson/Umpa class-action lawsuit.

Brokerage 217

Brokerage Real Estate 217

Inman

OCTOBER 2, 2024

Purchase loan applications are up 9 percent from a year ago, as inventories of new and existing homes increase and lower mortgage rates help with affordability: MBA.

Mortgage 156

Mortgage Inventory Marketing 156

Eyes on Housing

OCTOBER 2, 2024

The Market Composite Index, a measure of mortgage loan application volume by the Mortgage Bankers Association’s (MBA) weekly survey, rose 18.4% month-over-month on a seasonally adjusted (SA) basis, driven primarily by a surge in refinancing activity. Compared to September 2023, the index increased by 47%. The Market Composite Index which includes the Purchase and Refinance.

Mortgage 102

Mortgage Marketing Finance 102

Inman

OCTOBER 2, 2024

A company called Aika says it paid $10 million in kickbacks to the SERHANT. president while he was still at Keller Williams. But Team contends the story is part of Aika's effort to get out of paying its bills.

Brokerage 149

Brokerage 149

BiggerPockets

OCTOBER 2, 2024

A few months ago, slowing down the nation’s rate of inflation seemed insurmountable for the Federal Reserve Bank. Now that inflation is at 2.

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Inman

OCTOBER 2, 2024

Communities are just beginning a long road to recovery. Reference this list of resources to learn where to donate money or supplies or sign up to volunteer.

Realty 157

Realty Real Estate Brokerage Agents 157

BiggerPockets

OCTOBER 2, 2024

So, you’ve decided to dive into the world of short-term rentals—whether it’s Airbnb, VRBO, or whatever acronym you want to use. Congratulations!

Business 75

Business 75

Inman

OCTOBER 2, 2024

Two-and-a-half hours from Seattle, Quincy has become the top Airbnb destination in the US. The 8,225-person town is known for its wineries, music and outdoor attractions.

Marketing 146

Marketing 146

Lamacchia Realty

OCTOBER 2, 2024

HOW SEASONAL TRENDS IMPACT HOME PRICES IN FLORIDA Florida’s real estate market experiences unique shifts throughout the year, with noticeable differences in demand and pricing. These changes happen due to how seasonal trends impact home prices in Florida. From the high demand in winter months when snowbirds arrive , to the quieter summer season, Florida’s housing market is anything but static.

Sellers 51

Sellers Buyers Real Estate Logistics 51

Inman

OCTOBER 2, 2024

Taking on the requirements and challenges of renovating and selling an historic home is not for the faint of heart, LA's Craig Spano writes, but the rewards make it all worthwhile.

Renovations 138

Renovations Design Agents Marketing 138

Mortgagebroker News

OCTOBER 2, 2024

But aging downtown buildings still face difficulties in attracting tenants

Tenants 77

Tenants 77

Inman

OCTOBER 2, 2024

Realtor.com’s newest feature is made possible through an integration with a third party data visualization company called TopHap. The application delivers socioeconomic and environmental insights through a dynamic map interface.

Technology 140

Technology 140

BiggerPockets

OCTOBER 2, 2024

Can you make the same returns as active real estate (if not more) with “passive” real estate investing?

Investing 67

Investing Real Estate Business 67