Housing Wire

NOVEMBER 13, 2023

Mr. Cooper Group became the target of at least four consumer class-action lawsuits after disclosing a cyberattack at the end of October when customer information was compromised and the company shut down certain systems. On Oct. 31, the Dallas-based servicer and lender said it had experienced a cybersecurity incident with an unauthorized third party accessing certain portions of its technology systems and customer data.

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Legal Law Contracts Technology 544

Real Estate News

NOVEMBER 21, 2023

Fidelity National Financial, parent company of Chicago Title and more, is blocking access to title and escrow services while it investigates a security breach.

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Inman

NOVEMBER 27, 2023

Fidelity National Financial acknowledges that a "cybersecurity incident" disrupted the provision of title and escrow services and other technology and mortgage services.

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Insurance Technology Mortgage 211

Eyes on Housing

NOVEMBER 9, 2023

Rising mortgage rates, elevated construction costs and limited existing inventory helped push housing affordability in the third quarter of 2023 to its lowest level in more than a decade. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), just 37.4% of new and existing homes sold between the beginning of July and end of September.

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Mortgage Construction Inventory 197

Realtor

NOVEMBER 7, 2023

iStock The costs of buying a home go well beyond the actual purchase price. If you’re a first-time home buyer , you might get a little queasy when the last line of your good-faith estimate comes in at several thousand dollars. And after the color returns to your face, you might also be a little more than perplexed by some of those fees. Knowing what you’re paying for when you’re buying a home—like these 10 costs of buying a home—can ease that check-writing pain.

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Inspection Insurance Sellers Buyers 196

BiggerPockets

NOVEMBER 10, 2023

Last month, the Biden administration announced a series of actions designed to facilitate the conversion of specific properties to improve affordability in several metros. Here are the details.

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Design 85

Real Estate News

NOVEMBER 27, 2023

The case takes aim at NAR and local as well as national brokerages, while calling out the current system as a way to protect ineffective agents.

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Inman

NOVEMBER 3, 2023

After breaching 8 percent in mid-October, 30-year fixed mortgage rates have plummeted to levels not seen since September as more investors expect Fed policymakers to lower rates in the spring.

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Mortgage Investors Marketing 206

Eyes on Housing

NOVEMBER 28, 2023

National home prices continued to increase in September. Despite rising mortgage rates, limited inventory and solid but weakened demand provided solid support for home prices. Locally, all of 20 metro areas had positive home price appreciation in September. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at a seasonally adjusted annual growth.

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Inventory Mortgage Construction 193

National Association of Realtors

NOVEMBER 30, 2023

These types of assignments don’t require appraisers to inspect the interior or exterior of a property. Your care can make such valuations more reliable.

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Appraisal Inspection Agents Valuation 87

BiggerPockets

NOVEMBER 17, 2023

Real estate investing is a pathway for building wealth, distinct from other asset classes due to its tangible nature. This form of investment usually appreciates over time, providing long-term value growth. Real estate also offers the potential for rental income, transforming properties into sources of continuous revenue.

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Real Estate Investing Finance 84

Housing Wire

NOVEMBER 25, 2023

Lower mortgage rates tend to take housing supply off the market and demand has been picking up lately as rates have fallen. However, the recent drop in housing inventory has more to do with seasonality factors than lower mortgage rates. Higher mortgage rates did push inventory higher during the seasonal period when it would normally be declining. However, seasonality tends to rule the day eventually.

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Inventory Mortgage New Listings Buyers 531

Real Estate News

NOVEMBER 14, 2023

Texas Realtor associations and 20+ brokerages and teams are being sued by a home builder and magazine publisher who call NAR the “creator of the conspiracy.

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Brokerage Realtors 314

Inman

NOVEMBER 27, 2023

Estate planning is of prime importance for homeowners and their heirs. Properties are among the largest and most complex assets to be distributed — particularly when they’re luxury homes worth millions of dollars.

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Real Estate 202

Eyes on Housing

NOVEMBER 15, 2023

According to the latest Producer Price Index report, the price level of inputs to residential construction less energy (i.e., building materials) declined 0.1% in October (not seasonally adjusted) following a 0.2% increase in September. The index has increased 1.0%, year-to-date, marking the smallest YTD gain through October since it fell 0.1% over the first 10 months of 2019.

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Construction 187

Mortgagebroker News

NOVEMBER 9, 2023

Inflation across most developed economies has steadily eased over the last few months, the central bank says

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Development 80

BiggerPockets

NOVEMBER 12, 2023

Bar Rescue host Jon Taffer has spent more than a decade finding the most disgusting, poorly-run, money-hemorrhaging bars in America and turning debt-ridden dumps into successful money-making businesses.

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Business 84

Housing Wire

NOVEMBER 30, 2023

Mortgage rates headed lower this week as the 10-year Treasury yield dropped below 4.3% for the first time since September, according to new data from Freddie Mac. The 30-year, fixed mortgage rate averaged 7.22% for the week ending Nov. 30, according to Freddie Mac ‘s Primary Mortgage Market Survey. That’s down significantly from last week ’s 7.29% and up from 6.49% the same week a year ago.

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Mortgage Inventory Tools Investors 511

Real Estate News

NOVEMBER 4, 2023

Following the Sitzer/Burnett verdict, the internet has been buzzing about the end of buyer agency. Industry expert Russ Cofano says that's just a lot of noise.

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Buyers 309

Inman

NOVEMBER 10, 2023

In the wake of the Sitzer | Burnett verdict, the number of bombshell lawsuits has rapidly multiplied — putting more pressure than ever on real estate's status quo. Here's a rundown of all the cases.

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Real Estate Realtors Brokerage Agents 202

Eyes on Housing

NOVEMBER 7, 2023

Porches have been a popular home feature, consistently ranking in the top 10 in the NAHB surveys of recent and prospective home buyers published in What Home Buyers Really Want. And porches remain as popular as ever specifically on new homes, according to NAHB tabulation of the latest Survey of Construction (SOC, conducted by the U.S. Census Bureau with partial.

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Construction Buyers 183

Mortgagebroker News

NOVEMBER 7, 2023

Experts are anticipating the BoC benchmark interest rate to retreat to 4% by the end of next year

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Marketing 82

BiggerPockets

NOVEMBER 29, 2023

Airbnb has faced a lot of criticism as of late, with many cities going as far as banning them. New findings show that the long-term effect is just as impactful to investors.

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Investors 83

Housing Wire

NOVEMBER 3, 2023

When it comes to marketing your real estate business, video is king. Global statistics from 2023 show that people watch videos an average of 100 minutes a day, with millennials — the largest share of homebuyers in the U.S. — spending 10 to 20 hours a week watching videos. From short Instagram reels to longer videos on YouTube , video is here to stay.

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Real Estate Business Marketing Real Estate Agent 501

Real Estate News

NOVEMBER 9, 2023

Strong growth was the theme of the quarter despite a net loss. CEO Tamir Poleg also said he believed Real will come out ahead should commissions rules change.

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Agents 301

Inman

NOVEMBER 13, 2023

Delroy Gill doesn’t just sell homes — he builds relationships. Born and raised in London, England, he understands complex transactions and international relocation and brings world-class service and out-of-the-box thinking to every detail of real estate transactions.

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Real Estate 199

Eyes on Housing

NOVEMBER 17, 2023

Single-family construction held steady in October as high mortgage rates depressed demand but more buyers turned to new homes because of a lack of existing inventory. Overall housing starts increased 1.9% in October to a seasonally adjusted annual rate of 1.37 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S.

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Construction Inventory Development Buyers 179

Mortgagebroker News

NOVEMBER 10, 2023

Two big factors are set to spur rising demand in the coming years, says broker network head

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Marketing 81

BiggerPockets

NOVEMBER 15, 2023

After a whirlwind of struggles throughout the year, some of these high-value commercial properties are facing huge risks that could reshape their markets. See the full list here.

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Marketing Real Estate Investing 82

Housing Wire

NOVEMBER 27, 2023

Nearly three months after filing an initial complaint accusing Gary Keller and Keller Williams of inflating key profitability metrics including company sales and profits to convince individuals to purchase Keller Williams Regions and Market Centers, John Davis has made tweaks to his lawsuit. In his initial filing, in addition to Keller and Keller Williams, Davis also names former KW president Josh Team, Business MAPS Ltd. and Business MAPS Management LLC as defendants.

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Technology Agents Training Realty 488

Real Estate News

NOVEMBER 1, 2023

The home search giant’s latest acquisition will help support its “housing super app," said Chief Industry Development Officer Errol Samuelson.

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Development 312

Inman

NOVEMBER 27, 2023

More than a third of all home sales featured a concession in the past 3 months, according to new data and agents who told Inman that they're beginning to see signs of a buyer's market unfold.

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Marketing Buyers Agents 199

Eyes on Housing

NOVEMBER 13, 2023

During the third quarter of 2023, availability of loans for residential Land Acquisition, Development & Construction (AD&C) continued to tighten, according to both NAHB’s survey on AD&C Financing and the Federal Reserve’s survey of senior loan officers. Each of the surveys produces a net easing index that is positive when credit is easing and negative when credit is tightening.

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Loan Officers Construction Finance Development 179

Mortgagebroker News

NOVEMBER 15, 2023

Nearly $1 trillion in mortgages are due for renewal by 2026

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Mortgage 83