Housing Wire

APRIL 26, 2024

HomeServices of America , the last remaining brokerage defendant in the landmark Sitzer/Burnett antitrust commission case , has agreed to pay $250 million in damages to settle lawsuits that will change agent compensation across America. The New York Times first reported the story. The deal comes just days after the federal judge overseeing the commission case in Missouri approved a preliminary settlement that will see the National Association of Realtors and multiple other residential brokerages

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Brokerage Agents Real Estate Buyers 441

Appraisal Buzz

APRIL 26, 2024

Homebuyer affordability worsened in March, as the average mortgage payment applied for by purchase borrowers increased to $2,201, an increase of $17 compared with February and up $108 compared with March 2023, according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI). The index measures how new monthly mortgage payments vary across time – relative to income – using data from MBA’s Weekly Applications Survey (WAS).

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Housing Wire

APRIL 26, 2024

Who doesn’t have a podcast these days? Anyone with a microphone and a cup of coffee can wax poetic about the ebbs and flows of the industry. While there is plenty of noise out there, we dug for podcast gold to come up with a list of the best real estate podcasts that are worth your time. We curated a shortlist of the top real estate podcasts that provide useful information for agents at every stage of their careers.

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Real Estate News

APRIL 26, 2024

The last defendant standing in the Sitzer/Burnett case reaches a whopping settlement that will protect its 70,000 agents plus brands and franchises.

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Agents 192

Housing Wire

APRIL 26, 2024

In February 2024, the national delinquency rate for residential mortgages stood at 2.8%, marking an 0.2 percentage-point decrease from February 2023. The rate remained unchanged from January 2024, according to the latest CoreLogic Loan Performance Insights report. The data provider examined all stages of delinquencies to gain a complete view of the mortgage market and loan performance health.

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Mortgage Marketing 400

Inman

APRIL 26, 2024

HomeServices was potentially on the hook for the remaining $4.7 billion in damages from an Oct. 31 jury verdict in Sitzer | Burnett, which awarded plaintiffs $5.3 billion.

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Real Estate News

APRIL 26, 2024

“We fought as hard as we could,” said Kevin Sears this week when speaking about the settlement, its impact, and the need to change the media narrative.

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Housing Wire

APRIL 26, 2024

The U.S. Department of Housing and Urban Development (HUD) on Friday announced that a proposed change to the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program has been modified to bar the practice of premium pricing, and it will only allow interested party contributions (IPCs) on H4P closing costs from property sellers, builders, real estate agents and developers.

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Real Estate Agent Development Real Estate Law 319

Real Estate News

APRIL 26, 2024

A T3 Leadership Summit panel discussed the agent value prop, consumer interest in new compensation models, and how the industry can be more proactive.

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Agents 147

Housing Wire

APRIL 26, 2024

Even as the median U.S. home sale price remains near record highs and supply stays constrained in many locales, two of the most populous states that have seen a surge in demand since the start of the COVID-19 pandemic are showing signs of a pullback. That’s according to a pair of reports released Thursday by Redfin. The national real estate brokerage found that the nationwide median sale price reached $420,357 in March 2024.

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Housing Market Marketing Insurance Sellers 294

Inman

APRIL 26, 2024

Matterport's sale to CoStar will ignite interest in the value of digital twins and tour marketing, and the options for creating them are many.

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Marketing Technology Agents 166

Housing Wire

APRIL 26, 2024

Homebuyer affordability declined in March as mortgage rates and home prices remained elevated. The national median monthly payment for purchase mortgage applicants rose to $2,201 in March, up from $2,184 in February. That’s according to the Mortgage Bankers Association ‘s (MBA) purchase applications payment index, which measures how new monthly mortgage payments vary across time relative to income.

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Mortgage Housing Market Buyers Marketing 257

Inman

APRIL 26, 2024

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

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Brokerage Agents 123

Housing Wire

APRIL 26, 2024

Following a significant drop in retirement savings confidence in 2023, overall levels of confidence have yet to recover. But optimism about future retirement prospects are high, according to the results of the 34th annual Retirement Confidence Survey (RCS) conducted by the Employee Benefit Research Institute (EBRI). “Overall, two-thirds of the workers and three-fourths of the retirees are very or somewhat confident about having enough money to live comfortably in retirement , which is unchanged

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Government Finance 247

Inman

APRIL 26, 2024

Change is coming, so it's time to make sure you're leaning into the potential of a listings-based business, Jimmy Burgess writes. Nothing helps do that better than geographic farming.

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Business Agents Marketing 99

Eyes on Housing

APRIL 26, 2024

The most recent data release from the Bureau of Economic Analysis (BEA) showed that personal income increased 0.5% in March, up from a 0.3% increase in the prior month. Gains in personal income are largely driven by increases in wages and salaries. As spending outpaced personal income growth, the March personal savings rate dipped to.

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Inman

APRIL 26, 2024

Patience, collaboration and clear communication, Lindsey Harn writes, can help you help your divorcing clients navigate the rocky shoals of dividing their real estate holdings.

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Clients Real Estate Agents 95

Eyes on Housing

APRIL 26, 2024

NAHB recently updated its 2024 priced out estimates, showing how higher prices and interest rates affect housing affordability. The new estimates show that affordability is a serious problem even before any further price or interest rate increases. Already in 2024, 103.5 million households are not able to afford a median priced new home ($495,750[1]).

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GoForrmz

APRIL 26, 2024

GoFormz is proud to spend the week at Field Service Palm Springs 2024! Will we see you at Field Service Palm Springs 2024? The GoFormz team is excited to join all members of the field service industry for the 21st year, hosted in Palm Springs, from May 5th to May 8th. This event is a fantastic conference for anyone in customer success, service, and support, bringing together industry leaders, cutting-edge tech solutions, and innovative speakers.

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Business 78

Appraisal Today

APRIL 26, 2024

What Does Arm’s Length Mean in Real Estate? The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. However, there are six other types of real estate transactions that you need to know about so you can specify these sale types in your appraisal report as they can affect the market value of the property.

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Appraisal Real Estate Real Estate Agent Contracts 52

BiggerPockets

APRIL 26, 2024

You can’t eliminate all risk from investments. After all, the zombie apocalypse could strike tomorrow and probably wipe out your entire portfolio.

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Real Estate Investing 48

Mortgagebroker News

APRIL 26, 2024

He has a background in managing both financial and non-financial risks

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BiggerPockets

APRIL 26, 2024

Mortgage rates recently rose above 7% for the first time this year, bringing an already glacial housing market to a standstill.

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Real Estate Investors Housing Market Mortgage 47

Houston Properties

APRIL 26, 2024

Our experts ranked the top Houston neighborhoods that are close to the Inner Loop and whose median home sale prices are above $750k. Check them out below.

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Mortgagebroker News

APRIL 26, 2024

Policy decision to hinge on forthcoming CPI reports, according to BMO

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BiggerPockets

APRIL 26, 2024

When it comes to homeownership, Gen Z might be ahead of the curve.

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Real Estate 47

Mortgagebroker News

APRIL 26, 2024

Canadians seek out creative solutions as housing costs continue to soar

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Marketing 51

Housing Wire

APRIL 26, 2024

U.S. home sellers reaped slimmer profit margins on median-priced single-family homes and condominiums during the first quarter of 2024. In fact, profit margins — the difference between the median purchase and resale prices — slumped to 55.3%, down from 57.1% in the fourth quarter of 2023, according to Attom ’s 2024 U.S. Home Sales Report. It was the smallest level of profit registered in more than two years.

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Sellers Housing Market Investing Marketing 360

Mortgagebroker News

APRIL 26, 2024

Market could see boost in buyer confidence based on BoC's next move, says BCREA

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Housing Market Marketing Buyers 43

Housing Wire

APRIL 26, 2024

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Agriculture (USDA) have settled on new energy-efficiency standards for the construction of new single-family and multifamily homes. This fulfills a requirement laid out in a 2007 law that directs the departments to adopt the most recently published energy-efficiency standards following reviews by the U.S.

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Construction Law Development Finance 277

Mortgagebroker News

APRIL 26, 2024

CMBA-BC conference panel explores strategies, insights

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Marketing Mortgage 43

Eppraisal

APRIL 26, 2024

Living in a home where you’re comfortable and happy is the ultimate goal. Many people find they’re one step closer to that objective when buying an old house. Fancy doorknobs, unique staircases and high-quality trimmings can provide such warm feelings. That said, most old homes are rough around the edges and require renovation to be fully functional.

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Renovations Decorating Modernization Home Improvement 36

Housing Wire

APRIL 26, 2024

A report published late Thursday by The Wall Street Journal said that allies of former president and presumptive 2024 Republican nominee Donald Trump are working behind the scenes on policies that could make the Federal Reserve less independent, if Trump were reelected this fall. Former Trump administration officials have been discussing several proposals, ranging from “incremental policy changes to a long-shot assertion that the president himself should play a role in setting interest rates,” t

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Marketing 299