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.

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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 390

Housing Market Marketing Appraisal 390

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.

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Agents Buyers 317

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.

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Marketing Mortgage Transportation Housing Market 513

Appraisal Buzz

MAY 1, 2024

In this week’s episode, host Hal Humphreys talks with Kevin Hecht, Appraisal Training and Development Manager and Real Estate Economist for McKissock. It seems like the market is starting to pick up for the spring across the nation, but we haven’t seen any significant interest rate changes. What can appraisers expect from the market in the near future?

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Real Estate Marketing Training Valuation 351

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.

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Agents 298

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 514

Inventory Housing Market Marketing New Listings 514

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

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.

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Agents Real Estate Brokerage Real Estate Agent 200

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.

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Brokerage Real Estate Sellers 298

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 508

Sellers Marketing Inventory Contracts 508

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.

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Loan Officers Mortgage Technology Business 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.

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Realtors Brokerage Agents 197

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 290

Agents Real Estate 290

Housing Wire

APRIL 30, 2024

Home prices were near an all-time high in February. The S&P CoreLogic Case-Shiller U.S. National Home Price Index posted a 6.4% annual gain in February, up from a 6% gain in January, according to the newest report released Tuesday. It was the largest annualized increase recorded since November 2022. On an annual basis, the 10-city composite index grew by 8%, up from 7.4% the previous month.

Inventory 497

Inventory Realtors Buyers Marketing 497

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 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.

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Housing Wire

MAY 1, 2024

More than 556,000 single-family homes were available for sale nationwide as of last Friday, according to the latest data from HousingWire sister company Altos Research. That puts the national inventory up 31.9% year-over-year, extending a 24-week streak of year-over-year increases. So are agents and brokers flush with home listings? Likely not, as listings are still a fraction of their pre-Covid levels despite the strong year-over-year growth.

Inventory 487

Inventory Agents Marketing Mortgage 487

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.

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Investors Investing Business Mortgage 195

Inman

APRIL 29, 2024

These increasingly uncertain attitudes among agents in March were a departure from brokers, who were more likely to tell Intel that they still view the National Association of Realtors positively.

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Agents Realtors Real Estate Brokerage 197

Real Estate News

MAY 1, 2024

During an earnings call, Glenn Sanford said he wants to help agents “in the middle,” while noting that revenue was up and touching on the commissions lawsuits.

Agents 289

Agents 289

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 488

Buyers Open Houses Sellers Agents 488

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 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.

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Brokerage Agents 195

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.

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Housing Wire

MAY 3, 2024

The U.S. economy added 175,000 jobs in April, less than in March and below what economists had expected. April’s rate also fell below the average monthly gain of 242,000 over the prior 12 months. Meanwhile, the change in total nonfarm payroll employment for March was revised up by 12,000, from 303,000 to 315,000, according to data released by the B ureau of Labor Statistics on Friday.

Transportation 485

Transportation Housing Market Inventory Marketing 485

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.

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Mortgage Business Appraisal Marketing 195

Inman

MAY 1, 2024

Federal Reserve policymakers say they'll slow the pace of "quantitative tightening" to $40 billion a month, less than half the pace envisioned 2 years ago.

Marketing 190

Marketing Mortgage 190

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 279

Agents 279

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 482

Sellers Legal Buyers Realtors 482

Appraisal Buzz

MAY 2, 2024

Ron Ross has joined Mobility Market Intelligence (MMI), offering data intelligence and market insight tools for the mortgage and real estate industries, as chief financial officer. Most recently, Ross held the positions of president and chief operating officer at Everee Inc., a full-service payroll company that he founded. There, he built and led multiple teams, including payment operations, tax operations, customer success and support.

Tools 195

Tools Real Estate Finance Technology 195

Inman

APRIL 30, 2024

Keller Williams president and CEO Mark Willis sat with Real Estate News to talk about his return to the Texas franchiser and how commission lawsuits could spark a new wave of brokerage and agent consolidation.

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Brokerage Real Estate Agents 190