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

Sacramento Appraisal Blog

MARCH 14, 2024

I heard the best description of the market this week. It made me chuckle, and I hope you like it too. I mean, how can you go wrong when relating the housing market to nachos? I also have some emerging trends to talk about below. UPCOMING SPEAKING GIGS: 3/19/24 WCR Gold Country (details here) 3/21/24 2024 […] The post The housing market is like nachos first appeared on Sacramento Appraisal Blog.

Housing Market 402

Housing Market Marketing Appraisal Construction 402

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 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.

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Realtors Brokerage Agents 203

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 With construction projects becoming more complex, outdated processes are no longer sustainable.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

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 514

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.

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Brokerage 354

Inman

MARCH 12, 2024

The acquisition will help OJO launch Lever by Movoto, which the company describes as an all-in-one technology platform for individual agents.

Technology 197

Technology Agents 197

Housing Wire

MARCH 11, 2024

Last fall when people were still expecting mortgage rates to be falling this year, it was common to assume rates would be in the low 6s or 5s this year and people asked me if lower rates would bring a flood of inventory. The suspicion was that there were a bunch of sellers who were waiting to sell: Once rates fell these sellers would come rushing back to this real estate market and we’d finally see inventory grow.

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Inventory Sellers New Listings Real Estate 513

The Appraiser Coach

MARCH 12, 2024

I want to talk today about something with which we are all familiar. I believe that we need to keep this in the forefront of our minds as business owners. This term is “opportunity cost.” The idea of opportunity cost is, “what are you missing out on when you do x ,” the idea here being that when you do activity x , you cannot also do activity y, m, z, q, etc.

Business 195

Business Appraisal Inspection Advertising 195

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

Real Estate News

MARCH 15, 2024

The settlement, which still requires court approval, adds a new rule prohibiting offers of broker compensation on the MLS.

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Inman

MARCH 14, 2024

Hilton Worldwide Holdings has agreed to pay $210 million for the Graduate Hotels brand, a 10-year-old company that operates hotels in some of the nations biggest college towns.

Real Estate 185

Real Estate Marketing 185

Housing Wire

MARCH 12, 2024

The CPI report came out Tuesday, and the headline number showed a 12-month inflation of 3.2%. The running average of CPI going back to 1914 has been 3.3%. So, what should we take away from this number, seeing that market participants are still worried about 1970s inflation and some don’t want to see any rate cuts this year? Fed presidents and others have cited the fear of 1970s-style entrenched inflation as a reason they hiked rates so fast and are being careful as they consider rate cuts.

Mortgage 494

Mortgage Supply Chain Investors Government 494

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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Real Estate News

MARCH 15, 2024

Opinions on the settlement range from concern that it will “spell disaster” for buyers to optimism that the quality of agent services will improve.

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Agents Buyers 321

Inman

MARCH 11, 2024

After three years as president, Marc King has stepped down from his post at Keller Williams Realty. CEO Mark Willis will take over King's responsibilities.

Realty 186

Realty Brokerage 186

Housing Wire

MARCH 12, 2024

Despite elevated interest rates and tight inventory, the national Hispanic homeownership rate reached 49.5% in 2023, with a net gain of 377,000 Hispanic owner households from the previous year. In total, more than 9.5 million Hispanic households own their home, the National Association of Hispanic Real Estate Professionals ( NAHREP ) said in its 2023 State of Hispanic Homeownership Report released on Tuesday.

Real Estate Agent 471

Real Estate Agent Real Estate Buyers Realty 471

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 174

Construction 174

Real Estate News

MARCH 14, 2024

Rates eased this week, but they will likely remain elevated throughout the spring months as the Fed waits to take action on interest rates.

Mortgage 270

Mortgage 270

Inman

MARCH 12, 2024

Zillow Chief Economist Skylar Olsen said these markets are ideal cities for real estate investors to purchase properties in the coming years.

Real Estate 185

Real Estate Investors Marketing Investing 185

Housing Wire

MARCH 14, 2024

The U.S. Department of Housing and Urban Development (HUD) is being sued in federal court over accusations that it failed to refund nearly $385 million in mortgage insurance premiums (MIP) to borrowers over a period of more than two decades. The lawsuit was previously reported by National Mortgage News and Law360. The proposed class-action lawsuit brought by Florida resident Tricia Sarmiento claims that HUD has failed to issue refunds tied to MIP payments on mortgages backed by the Federal Housi

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Insurance Mortgage Development Legal 469

Eyes on Housing

MARCH 13, 2024

As examined in a previous post, homeownership plays an integral role in a household’s accumulation of wealth. This article further discusses the role of homeownership and examines the difference between homeowner and renter household balance sheets across assets, debt, and net worth. Households who own a primary residence (homeowners) build primary residence equity, while renters.

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Real Estate News

MARCH 12, 2024

Along with the acquisition, the companies unveiled a new solo agent suite called Lever by Movoto and said OJO products will now use the Movoto brand.

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Agents 267

Inman

MARCH 13, 2024

Brittany started out as an assistant at The Agency when it first opened its doors in 2011 and is now one of the firm's most rock-solid agents. She said her family's connections and her own work ethic have helped shape her career.

Real Estate 180

Real Estate Agents Open Houses Brokerage 180

Housing Wire

MARCH 13, 2024

In a world enamored with all things digital and AI , one would think that real estate agents don’t serve any purpose, but it’s totally untrue. Moreover, the concept remains a central theme of some arguments contained in the plethora of lawsuits that are now carpet bombing the real estate industry. Despite the claims, a critically important truth is missing.

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Real Estate Agent Real Estate Agents Sellers 466

GoForrmz

MARCH 12, 2024

Originally published on 05/19/2016 Elevate your HVAC business processes with digital data collection and mobile forms In today's fast-paced world, the HVAC industry is increasingly turning to mobile technology to streamline operations and enhance customer experiences. With the rise of smartphones and tablets, HVAC professionals now have access to powerful mobile forms that can revolutionize the way they do business.

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Clients Project Management Business Contracts 148

Real Estate News

MARCH 12, 2024

The association reported a fourth month of membership declines, with membership falling below 1.5 million for the first time in nearly three years.

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Inman

MARCH 11, 2024

Agents who leverage new digital tools and services can bring more expertise to clients, but only after trust has been established.

Client Relationships 181

Client Relationships Clients Agents Tools 181

Housing Wire

MARCH 15, 2024

Prospective homebuyers have more options to choose from in the housing market, which could help spur sales this spring. Mortgage demand has been on the rise for two weeks in a row. Inventory has been trending upward for the last two years despite persistently high mortgage rates, Mike Simonsen, president and founder of Altos Research , wrote on Monday.

New Listings 464

New Listings Inventory Home Value Contracts 464

Chicagoland Appraisal Blog

MARCH 9, 2024

Sometimes consumers equate the appraisal inspection as a professional home inspection. Aren’t they the same thing? The simple answer is no. Home Inspection A licensed home inspector performs a home inspection. He is a specialized contractor with expertise in uncovering defects in the structure and materials of various types of properties. Home inspections provide a comprehensive examination of a property’s physical condition, extending beyond mere observation to actively inspect, test, and

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Inspection Appraisal Real Estate Property Appraisal 136

Real Estate News

MARCH 15, 2024

Court documents outline a payment schedule and a series of rule changes, including the elimination of offers of compensation through the MLS.

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Inman

MARCH 11, 2024

Today’s housing inventory and higher interest rates might have you feeling stalled, as if you’ve reached a plateau in your business. However, there are steps to try to break through the noise of today’s market, stand out as an agent, and win more real estate listings.

Business 180

Business Inventory Real Estate Agents 180

Housing Wire

MARCH 12, 2024

If a couple decides to dissolve their marriage, something that is often described as a “third character” in the proceedings is the couples’ home. Finding a way to divide a home can be financially and emotionally fraught. And it often takes on more significance than other items due to the home typically being a couple’s most valuable asset — and because of the complex emotions often intertwined with it.

Business 462

Business Mortgage Clients Finance 462