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Productivity report: The data on real estate agents vs. teams

Housing Wire

Starting in 2011, RealTrends started to compare the performance of the highest-producing 250 individuals with the highest-producing 250 teams. For this report, we looked at data from 2011 through 2022. in terms of closed transactions from 2011 to 2022. in terms of closed transactions from 2011 to 2022. over that period.

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Tracy Kasper officially installed as NAR’s new president

Housing Wire

He has been on NAR’s board of directors since 2011. He is the broker/owner of Better Homes Realty and Brown Commercial Investment Real Estate Services in Oakland, California , and was president of the California Association of Realtors in 2014.

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Old Republic exits mortgage insurance space

Housing Wire

Since placing this business in run-off in 2011, we have been able to preserve significant value for shareholders and we are grateful for the many years of hard work and dedication of our RMIC associates,” Craig Smiddy, the CEO and president of Old Republic, said in a statement.

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After hitting a 10-year low, mortgage credit availability improves slightly in August

Housing Wire

The conforming index dropped to its lowest level since 2011. As lenders seek to reduce costs, by cutting down on staff and streamlining product offerings, industry capacity continues to decline, noted Kan. Industry professionals also winded down on their product offerings.

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All-cash transactions gain traction amid high mortgage rates: Redfin

Housing Wire

metropolitan areas since 2011. Oakland, California, and San Jose, California, as well as Seattle posted the smallest share of all-cash transactions at 18%, 18.2% and 20.3%, respectively. For this analysis , Redfin analyzed county records across 40 U.S.

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As mortgage rates hit a two-decade high, mortgage applications tick down

Housing Wire

The 30-year fixed mortgage rate increased to 7.41%, the highest rate since December 2000, and the 30-year fixed jumbo mortgage rate increased to 7.34%, the highest rate in the history of the jumbo rate series dating back to 2011,” said Joel Kan, MBA ’s vice president and deputy chief economist.

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CFPB ‘quietly’ affirms support for HUD counselors partnering with mortgage originators

Housing Wire

“The documents listed below are select HUD-issued official rules, interpretations, or policy statements that fall within the scope of the official documents as defined in the 2011 Transfer Notice [empowering CFPB to enforce RESPA] and continue to be applied today by the CFPB,” the Bureau said of the recently-released list.

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