Housing Wire

APRIL 30, 2024

Over the years, Zillow has made it clear that it wants to help consumers with all aspects of their homebuying journey. Through the terms of the National Association of Realtors’ (NAR) commission lawsuit settlement agreement Zillow is now getting into buyer representation agreements. Under the terms of NAR’s settlement agreement, agents will have to have a written agreement with a client in order to work with them as a buyer broker.

Buyers 521

Buyers Agents Clients Realtors 521

Appraisal Buzz

APRIL 30, 2024

The post Too Much Time appeared first on Appraisal Buzz.

Appraisal 397

Appraisal 397

Sacramento Appraisal Blog

MAY 2, 2024

Consumers are feeling economic pain, and we need to talk about some of the things that are brewing. Today, I want to look at growing debt, distressed sales, and unemployment. I have both national and local stats. Sounds like a happy post, right? Look, some people really hype this topic and use it to magnify […] The post Some red flags for the housing market first appeared on Sacramento Appraisal Blog.

Housing Market 389

Housing Market Marketing Appraisal 389

Real Estate News

APRIL 30, 2024

The NAR settlement does not address home search portals, but Zillow wants to make it easier for buyers to try out an agent in a way that aligns with new rules.

Agents 313

Agents Buyers 313

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

Construction

Housing Wire

APRIL 27, 2024

Active weekly housing inventory growth slowed slightly last week, but it’s still running at a healthier clip than in 2023. I have a simple model with mortgage rates being above 7.25%: weekly inventory data should grow between 11,000-17,000 per week. Last year, we never hit that target. We have now seen it for two weeks as inventory grew by 13,247. Weekly housing inventory data We’ve now had back-to-back weeks of healthy housing inventory growth and spring 2024 is much healthier than spring 2023

Inventory 510

Inventory Housing Market Marketing New Listings 510

George Dell

MAY 1, 2024

Will there be a need for traditional “appraisal” in 5 years? We think not. Some 25 years ago, I was education chair for my Appraisal Institute Chapter. Our ‘custom’ seminar considered the topic of technology replacing appraisers. The conclusion was, especially for residential appraisal, that AVMs would take a great market share. Worse yet, because […] The post No Need for Appraisers?

Appraisal 221

Appraisal Technology Marketing 221

Real Estate News

APRIL 30, 2024

Ben Caballero isn’t slowing down. After landing in the Guinness book three times in his 62-year real estate career, he has achieved a new record.

Agents 284

Agents Real Estate 284

Housing Wire

APRIL 29, 2024

The weekly volume of new listings is now higher than at anytime last year. It’s still April, so there could be as many as eight more weeks of seller growth in the spring housing market. And seller growth is happening pretty much everywhere across the country, with Florida and Texas leading the way. There’s two ways to interpret these trends. The bearish take is that there are many more sellers than buyers and inventory is rising.

Sellers 481

Sellers Marketing Inventory Contracts 481

Appraisal Buzz

MAY 2, 2024

Profit margins on median-priced single-family home and condo sales in the U.S. decreased to 55.3% in the first quarter – the lowest level observed in more than two years, according to ATTOM’s recently released Q1 2024 U.S. Home Sales Report. That’s down from 57.1% in the fourth quarter of 2023 and from 56.5% a year ago, coincided with a quarterly 4.3% drop in the median nationwide home price, down to $330,000.

Sellers 221

Sellers Housing Market Investing Appraisal 221

Advertiser: Trellis

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

Real Estate

Inman

MAY 1, 2024

The class of 45 honorees represents the real estate industry's brightest achievers under the age of 40. Future Leaders is the latest addition to Inman’s growing industry-leading awards program.

Real Estate 197

Real Estate 197

Real Estate News

APRIL 30, 2024

Mark Willis returned to Keller Williams after a 7-year hiatus, and he’s ready to lead in a new way. “It’s not about proving myself. It’s about impact.

278

278

Housing Wire

APRIL 30, 2024

As the July deadline for the implementation of the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement approaches, the trade organization is looking to iron out some details about buyer broker agreements. Under the terms of the settlement agreement , agents will have to have a written agreement with a client in order to work with them as a buyer’s agent.

Buyers 480

Buyers Open Houses Sellers Agents 480

Appraisal Buzz

MAY 3, 2024

Usherpa , which offers a customer relationship engagement platform (REP), is now a preferred partner with The Mortgage Collaborative (TMC), a mortgage cooperative. TMC’s growing network of mortgage lenders account for approximately 10% of the mortgage volume originated in the U.S. “We are very excited to be added as a preferred partner and looking forward to serving TMC member lenders,” says Chris Harrington, CEO and co-founder of Usherpa, in a release.

Loan Officers 195

Loan Officers Mortgage Technology Business 195

Inman

MAY 1, 2024

The Atlanta-based Village Premier Collection, led by Cheri Benjamin, has joined Real under its Private Label program. The company has roughly 500 agents and closed $665 million in sales in 2023.

Brokerage 195

Brokerage Agents 195

Real Estate News

MAY 3, 2024

The organization has revised its MLS handbook and beefed up its FAQ to help explain what’s changing, while giving NAR members until Aug. 17 to comply.

Agents 260

Agents 260

Housing Wire

MAY 3, 2024

The business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement ,will go into effect on Aug. 17, 2024, according to a letter sent to members on Friday by NAR chief legal officer Katie Johnson. Originally, the trade group had said the practice changes would go into effect in mid-July.

Sellers 466

Sellers Legal Buyers Realtors 466

Appraisal Buzz

MAY 3, 2024

Patelco Credit Union is now using the Empower LOS from Dark Matter Technologies to streamline and bolster home loan and home-equity origination. Patelco is California’s fourth-largest credit union mortgage lender by number of loans closed annually. The credit union’s 214 loan officers will use the Empower LOS to originate retail home loans, home-equity loans and home-equity lines of credit (HELOCs).

Loan Officers 195

Loan Officers Modernization Retail Tools 195

Inman

MAY 3, 2024

The massive trade organization promised in March to make various policy changes as part of a landmark settlement. The rules will now roll out slightly later than expected.

Realtors 192

Realtors Brokerage Agents 192

Real Estate News

MAY 1, 2024

The filing comes just days after the company settled similar cases brought by sellers. The firm maintains its practices were “lawful and procompetitive.

Law 236

Law Sellers 236

Housing Wire

MAY 3, 2024

Friday’s jobs report came in as a miss of estimates and wage growth came in lower than expected. The labor market isn’t tight anymore and that will eventually be good news for mortgage rates. After last month’s jobs report, I talked about the path the Federal Reserve could take to land the plane based on wage growth data slowing down and getting closer to the Fed’s model.

Marketing 445

Marketing Mortgage Transportation Housing Market 445

Appraisal Buzz

MAY 3, 2024

Freddie Mac recently announced the sale of 20 deeply delinquent non-performing residential first lien loans (NPLs) from its mortgage-related investments portfolio to GITSIT Solutions. The loans, with a balance of approximately $5.7 million, are currently serviced by Specialized Loan Servicing and NewRez, d/b/a Shellpoint Mortgage Servicing. The sale is part of Freddie Mac’s Extended Timeline Pool Offering (EXPO) and the transaction is expected to settle in June.

Investors 195

Investors Investing Business Mortgage 195

Inman

APRIL 29, 2024

As the commission landscape changes, Side's Hilary Saunders writes, it's time for agents, teams and brokerages to look at the ways this will improve the industry's reputation.

Agents 192

Agents Real Estate Brokerage Real Estate Agent 192

Real Estate News

APRIL 28, 2024

Get the facts about the major compensation lawsuits and recent settlements — and what they mean for agents, consumers and the future of NAR.

Agents 232

Agents 232

Housing Wire

APRIL 30, 2024

The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s 2024 Marketing Leaders Leaders award are open now through April 30th, 2024. Click here to nominate someone. In the midst of a higher-for-longer mortgage rate environment that is reshaping the landscape of the mortgage industry, the role of a chief marketing officer (CMO) becomes increasingly pivotal as mortgage compa

Loan Officers 445

Loan Officers Technology Modernization Project Management 445

Appraisal Buzz

MAY 3, 2024

The U.S. economy added 175,000 jobs in April – lower than expectations – while the unemployment rate increased to 3.9%, according to the U.S. Bureau of Labor Statistics. Job gains occurred in health care, in social assistance, and in transportation and warehousing – but it appears the labor market is losing velocity. The number of unemployed people was basically flat at 6.5 million.

Marketing 195

Marketing Transportation Appraisal 195

Inman

MAY 3, 2024

Caballero sold 7,012 homes totaling $3.638 billion in volume at an average of more than 19 individual homes every day of the year.

Agents 187

Agents 187

Real Estate News

APRIL 27, 2024

Andy Florance and Damian Eales took to the stage separately during the T3 Leadership Summit to address contentious traffic claims and highlight growth goals.

231

231

Housing Wire

MAY 1, 2024

Corcoran expanded its talent pool this week and welcomed three new faces — two in Nashville and one in New Jersey. Former National Football League stars Andy Levitre and Marc Mariani have joined Corcoran Reverie , an affiliate of The Corcoran Group, in Nashville. The duo will be part of the Your Nashville Agent team under the leadership of Aaron Joyce.

Real Estate 444

Real Estate Brokerage Agents Clients 444

Appraisal Buzz

MAY 2, 2024

The average rate for a 30-year fixed-rate mortgage increased to 7.22% this week, up from 7.17% the previous week and up from 6.39% a year ago, according to Freddie Mac’s Primary Mortgage Market Survey. “The 30-year fixed-rate mortgage increased for the fifth consecutive week as we enter the heart of spring home buying season,” says Sam Khater, chief economist for Freddie Mac, in a statement.

Mortgage 195

Mortgage Business Appraisal Marketing 195

Inman

MAY 1, 2024

In an email, the 1.5 million member trade group specified when agents would have to have signed written agreements with buyers, but stressed NAR would not dictate the agreements' terms.

Contracts 187

Contracts Buyers Agents Realtors 187

Real Estate News

APRIL 29, 2024

The brokerage becomes the ninth real estate entity to strike a deal with home sellers, with an initial damages payment of nearly $8 million.

Brokerage 220

Brokerage Real Estate Sellers 220

Housing Wire

MAY 1, 2024

We lament over ever-changing rates , changing fees and guidelines. We change companies, processors, assistance and our workspace. Every area and facet of our industry , it seems, moves, and changes with the wind. It likely is part of what you like about your career. Each day has its own opportunity to be unique and come with its own interesting set of circumstances.

Business 441

Business Clients Development 441