Housing Wire

MARCH 15, 2024

The National Association of Realtors has agreed to pay $418 million in damages to settle the commission lawsuits. The story was first reported by the New York Times. NAR’s legal counsel approved the settlement agreement early Friday morning. It has yet to be filed in court. Lawyers for the trade organization told the Times that they anticipate the settlement will be filed in the coming weeks, however it will still be subject to court approval.

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Legal Agents Realtors Real Property 540

Real Estate News

MARCH 15, 2024

As a part of its proposed settlement, NAR agreed to significant policy changes that will impact how all agents do business — and how buyer agents get paid.

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Agents Buyers Business 358

Inman

MARCH 29, 2024

The Council of Multiple Listing Services, a trade group of about 225 MLSs, united with Northwest MLS on Wednesday to pen amicus briefs exposing alleged flaws in the DOJ's statement of interest.

Agents 202

Agents 202

Eyes on Housing

MARCH 20, 2024

Continuing NAHB’s commitment to be at the forefront of research on home buyer preferences, the 2024 edition of What Home Buyers Really Want was recently released at the International Builders’ Show. The primary objective of the study is to provide builders, manufacturers, architects, and the general residential construction industry with a thorough analysis of what.

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Buyers Construction 195

BiggerPockets

MARCH 4, 2024

Another bill is targeting real estate investors—this time, with a goal to “help Main Street compete with Wall Street.” What's in the bill? And what are the consequences for investors if passed?

Real Estate 91

Real Estate Investors 91

Mortgagebroker News

MARCH 15, 2024

Projections indicate a budget deficit surpassing government’s aim of $40 billion annually

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Government 82

Real Estate News

MARCH 28, 2024

NAR this week sent letters asking government lending agencies to allow buyers to finance agent compensation. Thursday, it started getting answers.

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Lending Government Finance Agents 353

Inman

MARCH 29, 2024

Corcoran told Yahoo! Finance she doesn't believe the effects of the settlement will be as earth-shattering as many make them out to be, but that "the confusion it's causing is amazing.

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Finance Buyers Inventory Realtors 201

Eyes on Housing

MARCH 11, 2024

Nonfarm payroll employment increased in 42 states and the District of Columbia in January compared to the previous month, while eight states saw a decrease. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 229,000 in January, following a gain of 290,000 jobs in December. On a month-over-month basis, employment.

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BiggerPockets

MARCH 22, 2024

“I always thought stealing was wrong,” real estate investor and developer George McCleary remarks at the end of a viral video posted on social media last month, “But turns out, if you steal a […]

Landlords 84

Landlords Real Estate Investors Development 84

Mortgagebroker News

MARCH 22, 2024

Survey shows under-30s are redefining deal-breakers

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Housing Wire

MARCH 23, 2024

Mortgage rates had a chance to break to new highs this year, but the Federal Reserve took a moderate tone at the last Fed meeting. We saw the benefit of lower mortgage rates with the last two existing home sales reports, which showed growth. Then mortgage rates rose, facilitating five weeks of negative purchase application data. As rates were hitting year-to-date highs, the fear was that the Fed would go hawkish in their March meeting, which could push mortgage rates toward 8% and tank 2024 dema

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Mortgage Inventory New Listings Housing Market 513

Real Estate News

MARCH 27, 2024

State Farm, which stopped issuing new homeowner policies in the state last year, will no longer renew existing policies starting in July.

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Insurance 345

Inman

MARCH 25, 2024

Robby Braun, partner at Cohen Milstein Sellers & Toll, addresses "misconceptions" about the NAR deal's impact and says Realtors who try to ignore the changes "will get left behind.

Realtors 203

Realtors Sellers Marketing Brokerage 203

Eyes on Housing

MARCH 7, 2024

Per the Mortgage Bankers Association’s (MBA) survey through the week ending March 1st, total mortgage activity increased 9.7% from the previous week, and the average 30-year fixed-rate mortgage (FRM) rate fell two basis points to 7.02%. The 30-year FRM has risen 22 basis points over the past month as rates remain right around seven percent.

Mortgage 187

Mortgage 187

BiggerPockets

MARCH 20, 2024

Falling prices haven't been common in today's market. With higher mortgage rates and low inventory, many investors have waited on the sidelines. Is now the time to plunge back in?

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Marketing Investing Inventory Investors 83

Mortgagebroker News

MARCH 26, 2024

Banks continue to stash away funds for potential loan losses

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Housing Wire

MARCH 26, 2024

Three agents formerly affiliated with Keller Williams Realty — Jerri L. Moulder, David L. Bueker and Robert E. Hill — have taken legal action against the real estate brokerage by filing three separate class-action lawsuits, Inman first reported on Tuesday. The lawsuits contest alterations made to Keller Williams’ profit-sharing program, with one of them seeking a court order to halt further payouts until the case concludes.

Brokerage 499

Brokerage Legal Agents Realty 499

Real Estate News

MARCH 23, 2024

The 30 broker-owned or hybrid MLSs not covered by NAR’s settlement agreement must decide whether to pay into a settlement fund, request mediation, or fight on.

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Inman

MARCH 22, 2024

The news comes one week after NAR's whopping $418 million settlement was announced. Compass also agreed to make some minor changes to its business practices as part of the settlement.

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Business Realtors Brokerage 201

Eyes on Housing

MARCH 1, 2024

Over the past decade, use of the term “barndominium” (indicating a structure that is, in some sense, a combination barn and condominium) has become increasingly widespread in real estate media outlets. In fact, the term has become popular enough for NAHB to include a question about it in its survey for the February 2024 NAHB/Wells Fargo Housing Market Index.

Real Estate 183

Real Estate Housing Market Marketing 183

BiggerPockets

MARCH 29, 2024

Earlier this year, a group of scammers in Hong Kong used deepfake technology to steal more than $25 million from a company by impersonating its CFO. Real estate titles are already subject to fraud, and with AI tech, it could get even worse. Here's how to protect yourself.

Real Estate 82

Real Estate Technology 82

Mortgagebroker News

MARCH 27, 2024

Plans would see rent payments count toward credit score

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Housing Wire

MARCH 15, 2024

The National Association of Realtors (NAR) settlement of commission lawsuits nationwide is expected to force mortgage lenders and loan officers to find new ways of approaching listing agents and borrowers, give LOs a more significant role in the home-buying process, and encourage housing professionals to pursue dual-licensing, industry experts told HousingWire.

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Buyers Agents Mortgage Real Estate Agent 504

Real Estate News

MARCH 15, 2024

Top companies and MLSs outside the settlement can take part in a streamlined process to pay into a fund — but it could cost millions.

Brokerage 354

Brokerage 354

Inman

MARCH 25, 2024

Premier Sotheby’s International Realty President and CEO Budge Huskey corrects the record on commissions — and the potential impact of the NAR settlement on buyers, sellers and agents.

Realty 199

Realty Sellers Agents Buyers 199

Eyes on Housing

MARCH 5, 2024

Led by larger urban metro markets, single-family growth rates are showing signs of a turnaround as moderating mortgage rates and a lack of existing inventory are contributing to a gradual upward trend, according to the latest findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) for the fourth quarter of.

Inventory 179

Inventory Mortgage Marketing 179

BiggerPockets

MARCH 27, 2024

With the college sports season’s thrilling climax, this is also an exciting time for real estate investors who own rentals in college towns that are being given a high profile.

Marketing 81

Marketing Real Estate Investors Housing Market 81

Mortgagebroker News

MARCH 25, 2024

Network changes follow multi-billion-dollar deal

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Housing Wire

MARCH 28, 2024

Florida is reckoning with a severe homeowners insurance crisis. The recent surge in both the frequency and intensity of hurricanes that have battered the state has prompted numerous insurers and reinsurers to exit the market , leaving Florida homeowners grappling with skyrocketing premiums and limited coverage options. According to the Insurance Information Institute , this exodus has resulted in Florida homeowners paying an average of nearly $4,000 a year in insurance , which is nearly three ti

Insurance 490

Insurance Design Marketing Legal 490

Real Estate News

MARCH 18, 2024

The last defendant in the Sitzer/Burnett commissions case said it anticipated the motion and will respond with its own court filings in April.

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Inman

MARCH 15, 2024

NextHome CEO James Dwiggins, Strategic Officer Keith Robinson and Ed Zorn, the California Regional MLS general counsel, tackle NAR's big settlement. Stream it live, exclusively at Inman.

Realtors 202

Realtors Brokerage Agents 202

Eyes on Housing

MARCH 15, 2024

Over the first month of 2024, the total number of single-family permits issued year-to-date (YTD) nationwide reached 75,906. On a year-over-year (YoY) basis, this is an increase of 43.1% over the January 2023 level of 53,062. Year-to-date ending in January, single-family permits were up in all four regions. The range of permit increase spanned 67.0%.

Construction 187

Construction 187

BiggerPockets

MARCH 27, 2024

For business travel to be tax-deductible, you need to leave your tax home. This is where you ordinarily conduct business, and you typically have to travel far enough to warrant an overnight stay (100 miles is a good rule to follow).

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Business 82