Housing Wire
APRIL 25, 2024
Pending home sales increased by 3.4% in March compared to February despite rising mortgage rates , according to data released Thursday by the National Association of Realtors (NAR). Sales were essentially flat compared to one year ago. NAR’s Pending Home Sales Index increased to 78.2 in March, up from 75.6 in February and good for its highest reading in a year.
Real Estate News
APRIL 25, 2024
In a conversation with Real Estate News, Dr. Courtney Johnson Rose of NAREB discussed the pros and cons of the recent settlement and upcoming rule changes.
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Housing Wire
APRIL 25, 2024
The majority of respondents to a recent Zillow survey said they have experienced discrimination in housing, with racial minorities and members of the LGBTQ+ community among the groups reporting fair housing issues at even higher rates. Zillow surveyed more than 12,000 adults across 26 U.S. metro areas in March and April to gain a “comprehensive understanding” of the fair housing landscape.
Real Estate News
APRIL 25, 2024
During the T3 Leadership Summit, the eXp founder discussed some of his early challenges, the need for internal disruption, and his international ambitions.
Housing Wire
APRIL 25, 2024
The way that someone refers to the concept of diverse communities in their interactions with consumers and housing professionals can be a key indicator about their mindset. Antiquated terminology should be checked and minimized for anyone who wants to keep up with the times. That was one of the messages shared by Mosi Gatling, senior vice president of strategic growth and expansion at New American Funding (NAF), during a session at The Gathering by HousingWire held in Scottsdale, Arizona, this w
Appraisal Buzz
APRIL 25, 2024
Pending home sales increased 3.4% in March compared with February and were up 0.1% compared with March 2023, according to the National Association of Realtors (NAR). Regionally, the Northeast, South and West posted monthly gains in transactions while the Midwest recorded a loss. Lawrence Yun, chief economist for NAR, says pending home sales in March marked “the best performance in a year, but it still remains in a fairly narrow range over the last 12 months without a measurable breakout.
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Appraisal Buzz
APRIL 25, 2024
The average rate for a 30-year fixed-rate mortgage increased to 7.17% as of April 25, up from 7.10% last week and up from 6.43% the same week one year ago, according to Freddie Mac’s Primary Mortgage Market Survey. “Mortgage rates continued rising this week,” says Sam Khater, chief economist for Freddie Mac, in a statement. “Despite rates increasing more than half a percent since the first week of the year, purchase demand remains steady.
Housing Wire
APRIL 25, 2024
Real estate technology company reAlpha Tech Corp. launched Claire, a generative artificial intelligence -powered, zero-commission buyers’ agent chatbot, the company announced on Wednesday. Claire boasts a conversational interface to guide users through every step of the homebuying journey, from property search to deal closing. The tool helps match buyers with the ideal property while providing insights into market trends and property values.
Real Estate News
APRIL 25, 2024
Even as interest rates and prices keep rising, new and pending home sales have ticked up.
Housing Wire
APRIL 25, 2024
Anywhere Real Estate felt the brunt of the challenging housing market again in the first quarter of 2024 as the company reported a loss of $101 million during the three-month period. It generated $1.1 billion in revenue in the first quarter of 2024, which was flat on a year-over-year basis. But transaction volume increased by 2% during the three-month period, marking the first annualized increase in two years.
Real Estate News
APRIL 25, 2024
Revenue and agent count dipped slightly, but the company highlighted the strength of its Sotheby’s brand and its progress toward a $100 million savings goal.
Housing Wire
APRIL 25, 2024
Nathan Knottingham, COO at Vetted VA , announced the launch of a new mortgage continuing education provider, MLO Force , from the stage at HousingWire’s The Gathering this week. The company, operated by 20/20 Vision for Success Coaching , will be led by Knottingham as CEO and video producer Sawyer Jones. The aim is to leverage the pair’s experience in content, training and digital production to make required NMLS training more fun, Knottingham said.
Eyes on Housing
APRIL 25, 2024
Housing’s share of the economy rose to 16.1% in the first quarter of 2024. The share remained below 16% for all of 2023 at 15.9% in each of the four quarters. This increase to above 16% marks the first-time housing’s share of GDP is above 16% since 2022. In the first quarter, the more cyclical.
Housing Wire
APRIL 25, 2024
Keller Williams was named to an additional class-action lawsuit on Thursday that, like other recent cases, takes issue with alterations made to the brokerage’s profit-sharing program. In the past few weeks, 13 agents formerly affiliated with Keller Williams — Jerri Moulder, David Bueker, Robert Hill, Kevin Ortiz, Edward Fordyce, Paul Davis, Penny Alper, Jana and Dennis Caudill, Eric Mendoza, Jack Levine, John Exnicios and Michael Devlin — took legal action against the real estate brokerage by fi
Inman
APRIL 25, 2024
The Gibson and Umpa cases allege Berkshire Hathaway Energy, eXp, Redfin, Weichert, United Real Estate, Douglas Elliman, HomeSmart and others conspired against homesellers nationwide.
Housing Wire
APRIL 25, 2024
Taylor Stork, president of the Community Home Lenders of America, speaks at The Gathering by HousingWire on Wednesday, April 25, 2024. Photo credit: AJ Canaria It was initially billed as a discussion centered on the “biggest threats to a healthy mortgage landscape for homebuyers,” but some breaking news disrupted some of those plans. The Consumer Financial Protection Bureau (CFPB) expanded its war on “junk fees“ to encompass mortgage servicing minutes before a session at The Gathering by Housing
Inman
APRIL 25, 2024
Four months after taking the helm at coaching firm Chirag Shah Coaching, Wendy Forsythe has re-entered the brokerage world as the chief marketing officer for eXp Realty. As CMO, Forsythe will spearhead eXp's marketing strategy, which includes brand management, advertising, digital marketing and public relations.
Housing Wire
APRIL 25, 2024
Older adults and people with disabilities are often prone to financial distress, and they may require more resources to better understand their circumstances and options, according to a new report from the Government Accountability Office (GAO). Among a series of 24 examples of federal financial literacy programs for these groups, the U.S. Department of Housing and Urban Development (HUD)’s Home Equity Conversion Mortgage (HECM) counseling program was cited as an example.
Inman
APRIL 25, 2024
Generated revenue remained flat at $1.1 billion from the same period a year ago while the franchisor improved net losses by 27 percent year over year to a loss of $101 million, according to a Thursday earnings call.
Housing Wire
APRIL 25, 2024
Real estate brokerage eXp Realty has added industry veteran Wendy Forsythe to its leadership team. On Thursday, the firm announced that Forsythe was joining eXp as its new chief marketing officer. According to the release, in this role, Forsythe will be responsible for building the firm’s marketing strategies and global initiatives, working to expand the company’s brand visibility.
Inman
APRIL 25, 2024
Growing and scaling a team is one of leadership's most challenging yet rewarding aspects. Side's Manny Solis shares insights to consider when examining your own leadership style.
Housing Wire
APRIL 25, 2024
Kristen Sieffert, president of Finance of America Reverse, speaks during The Gathering by HousingWire on Monday, April 21, 2024. Photo credit: AJ Canaria Reverse mortgages became an unexpectedly prominent topic during certain parts of The Gathering by HousingWire , held earlier this week in Scottsdale, Arizona. The reverse lending industry’s most prominent attendee — Kristen Sieffert of Finance of America Companies (FOA), parent company of industry-leading lender Finance of America Reverse (FAR)
Inman
APRIL 25, 2024
Find out how award-winning Houston broker-owner Nancy Almodovar differentiates her service and elevates her agents at Nan and Company Properties.
Eyes on Housing
APRIL 25, 2024
Compared to the fourth quarter of 2023, the U.S. economy grew at a noticeably slower pace in the first quarter of 2024 due to an increase in the trade deficit and weaker inventory investment. But it was still on solid ground supported by consumers, the government, and the housing industry. Meanwhile, the data from the.
Inman
APRIL 25, 2024
When it comes to your personal brand, coach Darryl Davis writes, it's a case of say what you mean, and mean what you say about service.
BiggerPockets
APRIL 25, 2024
Want to scale your real estate portfolio faster? These investment property loans can help. Most real estate investors get stuck early on in their journey.
Inman
APRIL 25, 2024
Rising home prices and mortgage rates stifled pending home sales in February, according to the National Association of Realtors on Thursday. The Pending Home Sales Index, which is a forward-looking indicator based on contract signings, was 75.6 in February. The maximum score on the scale is 100, which represents the contract activity seen in 2001. February's performance marks a 7 percent annual decline; however, it is a slight improvment from the previous month (+1.6 percent).
Mortgagebroker News
APRIL 25, 2024
Government’s increased mortgage bond-buying spree could backfire, housing agency warns
Inman
APRIL 25, 2024
As the clock ticks down, TikTok faces a real threat of being banned in the U.S., with legislation already signed into law. Jessi Healey says this battle isn't just about an app but about the larger implications of social media, censorship and how we engage online in times of digital scrutiny.
Mortgagebroker News
APRIL 25, 2024
Governing council split as some seek more inflation proof, others eye slowdown
Inman
APRIL 25, 2024
The 4,650-square-foot home is also being listed for $7.5 million by Adam Modlin of the Modlin Group. Bidding is expected to begin around $1.75 million to $3.75 million.
Mortgagebroker News
APRIL 25, 2024
New initiatives under Budget 2024 aim to transform surplus government properties into homes
Inman
APRIL 25, 2024
Local Logic's specific location-based marketing smarts will elevate the search experience for partners of Homegenius, a Radian company.
Mortgagebroker News
APRIL 25, 2024
Interim CFO appointed as search launches for permanent replacement
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