Housing Wire

APRIL 1, 2024

A new class-action lawsuit was filed by a former agent against real estate brokerage Keller Williams (KW), contesting alterations made to the company’s profit-sharing program. Hill and Kevin Ortiz — took legal action against the real estate brokerage by filing four separate class-action lawsuits.

Legal 420

Legal Brokerage Agents Real Estate 420

Housing Wire

JANUARY 27, 2023

Pending home sales ended 2022 on a positive note. An index of 100 is equal to the level of contract activity in 2001. “We After six consecutive months of declines, the Pending Home Sales Index rose 2.5% month over month in December to a reading of 76.9, according to data released Friday by the National Association of Realtors (NAR).

Contracts 417

Contracts Realtors Mortgage Buyers 417

Housing Wire

SEPTEMBER 11, 2023

Founded in 2022 by Eric Meadow, Home Sale Assured produces a “Guaranteed Backup” options contract, which enables existing homeowners to buy their next home before closing the sale of their current home. During this 90-day period, the client can work with a real estate agent to list their prior home.

Contracts 363

Contracts Real Estate Agent Tenants Retail 363

Inman

FEBRUARY 5, 2024

In January, the real estate market saw a 17.5 percent decline in net new listings and a 2 percent decrease in contract signings, driven by mortgage rate fluctuations, according to HouseCanary.

New Listings 159

New Listings Contracts Inventory Real Estate 159

Housing Wire

MARCH 19, 2024

In August 2022, Polly announced that it extended its API portfolio to better accommodate lenders amid a contracting mortgage environment. Polly’s API integration with CoreLogic is part of the fintech’s long-term strategy to provide innovation for lenders.

Technology 371

Technology Contracts Insurance Government 371

Housing Wire

SEPTEMBER 15, 2023

of homes that went under contract that month, according to a new report from Redfin. in August 2022 and marks the highest percentage since October 2022, when mortgage rates surpassed 7% for the first time in two decades. They’re getting cold feet,” said Jaime Moore, a Redfin Premier real estate agent in Reno, Nevada.

Buyers 411

Buyers Mortgage New Listings Real Estate Agent 411

Housing Wire

FEBRUARY 16, 2024

The Department of Justice (DOJ) is asking the real estate industry to consider a world without the practice of cooperative compensation. The Antitrust Division’s own analysis of buyer-broker prices in large metropolitan areas in NWMLS’s region shows that the October 2022 change likewise had no meaningful effect.

Sellers 427

Sellers Buyers Real Estate Contracts 427

Housing Wire

SEPTEMBER 25, 2023

MV Realty operated in 33 states and has more than 500 real estate agents. The firm’s legal troubles began in late 2022 when it was sued by attorneys general in Florida , Massachusetts and Pennsylvania over its 40-year contracts.

Realty 446

Realty Real Estate Agent Legal Agents 446

Housing Wire

FEBRUARY 28, 2024

As brokerages across the country have begun implementing buyer agency contracts into their business practices in the wake of the Sitzer/Burnett commission lawsuit verdict, the Consumer Federation of America is warning consumers that they may be filled with “unfair provisions” that primarily protect agents and brokers.

Buyers 378

Buyers Contracts Agents Realtors 378

Housing Wire

SEPTEMBER 22, 2022

New York-based Unlock Technologies , a fintech operating in the shared-equity market, and real estate investment firm Saluda Grade , have closed a $180 million private-label securitization (PLS) backed entirely by Unlock-originated residential home-equity agreements (HEAs).

Marketing 375

Marketing Contracts Finance Home Value 375

Sacramento Appraisal Blog

JULY 11, 2022

UPCOMING (PUBLIC) SPEAKING GIGS: 7/15/2022 Lunch & Learn Market Update (sign up (for real estate agents)) 7/20/2022 Beer & Stats at Out of Bounds (sign up (for real estate agents)) 7/26/2022 […]. .” I hear that quite a bit, but is it true? Well, yes and no. Let me explain.

Housing Market 403

Housing Market Real Estate Agent Marketing Real Estate 403

GoForrmz

OCTOBER 26, 2022

Get ahead with real estate automation The real estate market has seen a lot of unusual trends in the past couple years, and it’s no surprise things have been pretty weird. Now as 2022 starts to wind down, a lot of people are trying to forecast how the housing market will turn out in 2023. We know the feeling.

Real Estate 78

Real Estate Contracts Clients Real Estate Agent 78

Hank Miller Team

JULY 18, 2022

Cancel culture invades real estate.The number of canceled home contracts hit a two year high in June 2022. Still, 22 of contracts terminating isn't a anything to ignore. As inflation runs roughshod over the country, there are multiple factors playing a role in contracts terminating. Nationally, 14.9 in Apr '20.

Contracts 52

Contracts Sellers Buyers Agents 52

Housing Wire

JANUARY 13, 2023

This article is part of our 2022 – 2023 Housing Market Update series. 2022 marked a unique time for homebuilders. Our upcoming State of the Residential Construction Industry (SORCI) Report will reflect how builders have braced for impact: Despite the rate of new contracts slowing, margins didn’t decrease. Subcontractor Delays.

Marketing 460

Marketing Contracts Supply Chain Project Management 460

Housing Wire

SEPTEMBER 15, 2023

Guaranteed Rate Affinity has initiated legal action against former loan originators, accusing them of breaching contracts by failing to pay back advanced signing bonuses and commissions after they left the company. Guaranteed Rate Affinity is a joint venture established in 2017 by Guaranteed Rate and Anywhere Real Estate (former Realogy ).

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Loan Officers Legal Real Estate Lending 391

Housing Wire

MARCH 10, 2023

Through the market turmoil and volatility that marked much of 2022 — and is still with us today — home-equity lending expanded, however. The Fed report shows HELOC balances nationwide stood at a total of $336 billion at yearend 2022. billion fourth-quarter 2022 volume of HELOC loans was down 17% from $72.3 billion in 2021 to $9.6

Housing Market 366

Housing Market Marketing Contracts Lending 366

Housing Wire

MARCH 29, 2023

“Securitization of HELOCs had been a small part of the RMBS [residential mortgage-backed securities] market in the pre-financial crisis period, but issuance was still relatively commonplace until 2007,” states a fall 2022 DBSR Morningstar report focused on the securitization market for HELOCs. from the fourth quarter of 2021.

Contracts 361

Contracts Lending Investing Investors 361

Housing Wire

AUGUST 31, 2023

The pile of lawsuits facing Gary Keller and the real estate firm he co-founded, Keller Williams , just got larger. According to the filing, after the franchisees signed a contract, the defendants then required franchisees to adopt KWRI’s present market cap, which is the fee agents pay their market centers.

Contracts 406

Contracts Brokerage Business Training 406

Housing Wire

MAY 25, 2023

After falling for the first time since November 2022 in March , pending home sales remained unchanged in April, according to data released Thursday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. annual drop recorded in March.

Inventory 367

Inventory Housing Market Contracts Government 367

Housing Wire

APRIL 18, 2023

MISMO , the real estate finance industry’s standards organization and a subsidiary of the Mortgage Bankers Association , plans to launch a working group that will create standards for Electronic Home Equity Lines of Credit (eHELOC). billion in the fourth quarter of 2022 from the previous quarter’s $72.3

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Lending Renovations Real Estate Finance 300

Housing Wire

MARCH 29, 2023

Month-over-month, contract signings increased in three U.S. Overall, contract signings were down 21.1% from February 2022. After nearly a year, the housing sector’s contraction is coming to an end,” he said in a statement Wednesday. from the prior month, though in-contract deals were still down 17% from February 2022.

Contracts 298

Contracts Realtors Home Value Housing Market 298

Housing Wire

DECEMBER 10, 2020

At the National Association of Realtors Real Estate Forecast Summit on Thursday, NAR’S Chief Economist Lawrence Yun explained that although many are working from home now, he doesn’t expect that change to be permanent. By 2021, that number will decrease to 18%, then continue to decrease in 2022 to 12%. “I

Real Estate 490

Real Estate Realtors Housing Market Contracts 490

Raleigh Realty

FEBRUARY 19, 2022

and in order to answer that question, you need to understand how Real Estate Agents make money. If you could go back to your first year as a Real Estate Agent, what advice would you give yourself? Real estate agents are known to wear multiple hats all the time and to bootstrap themselves more often than one could imagine.

Real Estate 158

Real Estate Realtors Real Estate Agent Agents 158

Hank Miller Team

MARCH 6, 2024

About two years ago this month, Atlanta real estate and interest rates started a very complex relationship. The Fed slammed the brakes on low rates, and despite the initial wobble, the Atlanta real estate market found stability and firm ground. SO How is the Atlanta Real Estate Market? 2YOY jumped 165.7

Real Estate 52

Real Estate Sellers Buyers Inventory 52

Inman

JUNE 7, 2023

The real estate giants' omission from Fortune's annual list of the biggest companies illustrates just how far industry players have fallen as a result of a housing contraction that began in 2022.

Contracts 147

Contracts Real Estate Brokerage Agents 147

Empire Appraisal Group

JANUARY 11, 2023

2023 Real Estate Forecast: Market to Regain Normalcy. Source: 2023 Real Estate Forecast: Market to Regain Normalcy (nar.realtor). But first, the market has to close out 2022, a year when inflation soared to a 40-year high and rapidly rising mortgage rates put the brakes on what had been a pandemic-era homebuying frenzy.

Real Estate 78

Real Estate Marketing Buyers Sellers 78

Housing Wire

FEBRUARY 15, 2024

billion net loss in 2022 due to the drastic housing market slowdown in the second half of the year, Opendoor greatly curtailed its spending and home acquisition speed in 2023. Indicative of Opendoor’s scaled-back approach to business was the fact that it bought just 11,246 homes in 2023, compared to 34,962 homes in 2022.

Business 352

Business Advertising Inventory Contracts 352

Housing Wire

JANUARY 25, 2023

The Montgomery, Texas-based area manager, who moved from AmeriSave Mortgage Corporation to Cardinal Financial Company in November, launched in mid-2022 a platform to help their referral partners succeed. Homebuyers have traditionally been the byproduct of our referral partners, such as real estate agents and homebuilders,” Earnest said.

Buyers 475

Buyers Mortgage Real Estate Agent Contracts 475

Housing Wire

OCTOBER 26, 2023

Despite the slight gain, pending contracts remain at historically low levels due to the highest mortgage rates in 20 years,” Lawrence Yun, NAR chief economist said in a statement. Compared to 2022, NAR expects the sale of new homes to grow by 4.5% between 2022 and 2023, settling at 1.39 They project it to grow by another 19.4%

Inventory 385

Inventory Contracts Housing Market Realtors 385

Housing Wire

NOVEMBER 21, 2023

Compared to October 2022, existing home sales slumped 14.6%, down from 4.44 Homes typically go under contract a month or two before the closing, which means the October data largely reflects purchase decisions made in August and September. lower than October 2022 when inventory was at 1.22 months in October 2022.

Inventory 399

Inventory Realtors New Listings Contracts 399

Housing Wire

OCTOBER 5, 2023

The home equity products involved include home equity lines of credit (HELOCs), closed-end second mortgages (CESs) and shared-equity contracts. The recent Saluda Grade-sponsored rated offering represents the sixth securitization deal since 2021 backed fully by shared-equity contracts — valued in total at some $1.3

Housing Market 402

Housing Market Marketing Contracts Finance 402

Housing Wire

MARCH 12, 2024

loanDepot greatly reduced its costs in 2023 while revenues were in free fall amid a contracting market. million loss in 2022. The reduction was impacted by its exit of the wholesale channel in 2022, and it was partially offset by growth in servicing income and home equity lines of credit (HELOCs), as well as higher margins.

Legal 365

Legal Contracts Marketing Mortgage 365

Birmingham Appraisal

MARCH 21, 2023

A Look at How Market Trends are used in the Real Estate Appraisal Process The real estate market is constantly changing, and market trends play a crucial role in helping an appraiser determine property values. In this blog post, we’ll explore the role of market trends when completing a real estate appraisal.

Real Estate 82

Real Estate Appraisal Marketing Market Value 82

Housing Wire

DECEMBER 16, 2022

This article is part of our Housing 2022-23 forecast series. In the first few months of 2022, primary-residence buyers and second-home buyers (investors and vacation buyers) flocked to the market at a frenzied pace under the correct assumption that mortgage rates would rise. At the height of the spring market, the typical home had 5.5

Buyers 474

Buyers Realtors Inventory Sellers 474

Housing Wire

NOVEMBER 2, 2022

Company’s executives announced on Wednesday an agreement to acquire a 50% interest in Senlac Ridge Partners , an investment management firm focused on commercial real estate, led by founder David Welsh. billion as of September 30, 2022, down 3% from the end of the second quarter. Servicer advance balances came in at $2.9

Investing 376

Investing Real Estate Business Contracts 376

Housing Wire

AUGUST 3, 2023

The firm’s revenues came in at $2 billion in the second quarter of 2023, down 37% compared to the previous quarter and 53% related to 2Q 2022. Total operating expenses declined to $217 million, compared to $294 million in Q1 2023 and $454 million in Q2 2022. housing market,” Wheeler said.

Inventory 344

Inventory Contracts Sellers Housing Market 344

Housing Wire

AUGUST 30, 2023

Better failed to pay for two “insertion orders” – agreements where Meredith would place ads on its digital platforms in exchange for the mortgage lender’s fee – from the summer to the winter of 2022, according to a filing in the U.S. District Court Southern District of New York in March. Among the $2.1 Among the $2.1

Advertising 385

Advertising Finance Contracts Mortgage 385