Mon.Sep 11, 2023

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EasyKnock acquires home maintenance platform Onder

Housing Wire

Residential sale-leaseback platform EasyKnock continues to gobble up proptech startups. Home maintenance company Onder is EasyKnock’s latest acquisition, according to GeekWire , which first reported the story. The terms of the acquisition were not disclosed. Founded in 2021, Onder sells a subscription-based home maintenance service that deploys technicians to help with both interior and exterior property maintenance.

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People on the Move: LeadingRE, Addressable, Women's Council add women to C-suite

Real Estate News

Indie brokerage network LeadingRE has a new COO, chief legal officer; marketing platform Addressable taps Opendoor exec as COO; Women's Council names new CEO.

Legal 289
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From reactive to proactive: reshaping QC for today’s mortgage landscape

Housing Wire

The mortgage industry has witnessed its fair share of tribulations and transformations, but its response to those challenges and changes is often a tale of reactiveness. While no one can truly predict the future, there are plenty of instances where a little bit of prevention could have gone a long way. Regulatory changes, digitalization and the lending cycle are a few classic instances where the industry is often caught in a reactionary state.

Mortgage 421
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eXp aims to ‘accelerate’ rev share for new agents

Real Estate News

The company has retooled its revenue share program to make it easier for newer agents to benefit from it — and to help its recruiting efforts.

Agents 264
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What’s influencing the increase in REO acquisitions?

Housing Wire

HousingWire recently spoke with Michael Chew, SVP of Fulfillment, Asset/Rental Management at Consolidated Analytics , about REO assets, the economic factors influencing the increase in REO acquisitions and how technology can help with REO asset management. HousingWire: According to ATTOM Data Solutions‘ latest foreclosure market report, bank repossessions climbed 9% in the first half of 2023 compared to the first half of 2022.

Inventory 410
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Tech Bytes: News from FMLS, Revive, CubiCasa, more

Real Estate News

FMLS partners with CoreLogic, Restb.ai; Revive launches AI renovation tool; RE/MAX adds CubiCasa; plus, NAR iOi pitch battle winners and more.

More Trending

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AI tools every luxury agent should be utilizing now

Inman

The luxury sector has always led the real estate industry in terms of innovation. High-end homes frequently include cutting-edge features, and high-end clients raise the bar with aspirational ideas and ambitious expectations. So it’s only natural that high-end agents also try to push the boundaries of what’s possible.

Agents 199
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The Real Brokerage CTO shares all things AI and practical uses

Housing Wire

In today’s RealTrending Pritesh Damani , CTO for The Real Brokerage , shares how his team developed Leo, an AI assistant for teams and brokers. More than that, he discusses potential uses for brokerage leaders in streamlining business and recruiting. Two and a half years ago, The Real Brokerage made the strategic move to automate many of their processes.

Brokerage 397
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Visionary leaders can save NAR

Inman

So-called organized real estate appears to be anything but in NAR's convoluted structure, writes Inman founder Brad Inman. No wonder so few successful Realtors are willing to get involved.

Realtors 190
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This growing IMB aims to capture leads through its proprietary tech, not agent referrals

Housing Wire

Cliffco Mortgage Bankers is among the rare independent mortgage banks doing more business than last year. And it’s looking to expand. The New York-based independent bank exceeded its 2022 production volume of $400 million in August, but the end goal is far more ambitious: The company is aiming to produce between $3 billion to $5 billion in origination volume annually.

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SoCal’s RE/MAX Proper acquires 120-agent indie All Nations

Inman

Bustling Long Beach franchise RE/MAX Proper has acquired longtime indie brokerage All Nations Realty and Investments. The deal brought more than 100 new staff members and agents to the brand.

Agents 190
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FHFA delays bi-merge credit transition following industry concerns

Housing Wire

The Federal Housing Finance Agency (FHFA) on Monday announced that it will offer additional opportunities for public engagement as it considers the transition to updated credit score models and credit report requirements for loans acquired by government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. The new opportunities will include stakeholder forums and listening sessions, and will allow for other issues, opportunities and challenges to be debated by stakeholders and other participa

Finance 397
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Everyone is confused about NAR. Just look at the comments section

Inman

Broker Teresa Boardman writes that the lack of transparency from NAR and its leadership has led to a disconnect between agents and consumers. Many perceptions and misconceptions are rampant, and it could spell disaster for the future of NAR.

Agents 184
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Michael Eising receives the Ken Markison Legacy Achievement award

Housing Wire

The Mortgage Bankers Association (MBA) presented its annual Ken Markison Legacy Achievement award to Michael Eising, a vice president and mortgage compliance manager at Merchants Bank of Indiana. The recipient retrieved his award Monday at the MBA’s Compliance and Risk Management Conference. The prize recognizes individuals who have distinguished themselves in pursuit of the Certified Mortgage Compliance Professional (CMCP) certificate and designation program.

Retail 397
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RentSpree finds its NorthstarMLS in new partnership

Inman

Software company RentSpree has added a 22,600-member multiple listing service to its stable of clients, the upper midwest’s NorthstarMLS, according to a September 8 press release shared first with Inman.

Clients 180
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Parent of National MI grows its leadership team

Housing Wire

Lesley Alli and Andrew Greenberg both joined NMI Holdings to serve as senior vice presidents, announced the parent company of National Mortgage Insurance Corporation Monday in a statement. Adam Pollitzer, president and CEO of National MI, said that the addition of Alli and Greenberg would help drive value for borrowers, lenders and shareholders. “We’re delighted to have two executives as talented and experienced as Lesley and Andrew join our strong executive management team,” said Pollitzer in

Investors 397
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‘Selling the OC’ matters more than you think right now. Here’s why

Inman

Where’s the line? Season 2 of "Selling the OC" is a real-time exploration of what's appropriate in the workplace as the drama unfolds both at The Oppenheim Group and on the national stage.

Brokerage 180
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Yardi’s rent-setting software illegally drove rent prices up for millions of renters: lawsuit

Housing Wire

A renter in Seattle last week filed an antitrust class action lawsuit against 18 property management companies, along with property management company software Yardi Systems Inc., accusing them of violating antitrust laws. The plaintiff is accusing the defendants of having orchestrated a nationwide scheme to illegally drive rent growth to unprecedented levels during the pandemic.

Landlords 412
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More Women Working in Construction in 2022

Eyes on Housing

The number of women employed in the construction industry increased to over 1.28 million in 2022, as the construction industry recovered all jobs lost during the pandemic. Currently, women make up 10.9% of the construction workforce, up from 9.3% in 2002. As the construction skilled labor shortage remains a key challenge for housing, adding new workers is an important goal.

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Divvy Homes letting 95 employees go, including senior managers

Inman

The third round of layoffs in the last 12 months affects employees in 21 states, including Divvy's chief legal officer, vice president of compliance and head of design.

Legal 184
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Renovations That Increase Home Value in BC: Our Top 8 Picks

D Fritz Appraisals

Major Home Renovations & Home Appraisals: What You Should Know Are you planning house renovations and want to know the best home improvement investments? Or maybe you are planning to sell your house and are wondering about renovations that increase home value the most. Whether you are planning to sell in the near future or not, most people want to be reassured that any major renovations they invest in will be reflected in an increased home valuation.

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Chicago property owner amasses $15M in fines for ‘rat harborage’

Inman

Suburban landowner Suzie B. Wilson has acquired hundreds of largely vacant properties in the city's south and west sides. She has garnered thousands of tickets worth millions of dollars in the meantime.

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Join us at Groundbreak 2023

GoForrmz

The GoFormz team is coming to Groundbreak 2023 We’re excited to be attending Groundbreak in Chicago this September 19-20, 2023! Our team is also proud to be a sponsor for this year’s conference. Be sure to sign up for Groundbreak and stop by our booth #22 anytime to chat with the GoFormz team. What is Groundbreak? Since 2015, Procore has hosted Groundbreak, an annual conference that brings together construction professionals from around the world.

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Avoid these 5 deal-killers to bulletproof your transactions

Inman

Once you get a transaction, writes team leader Carl Medford, you need to get it to the finish line. Here are five escrow failures that can stop you in your tracks.

Brokerage 180
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Grant Cardone Faces Class Action Lawsuit For Over Inflating Potential Returns

BiggerPockets

A recent class action lawsuit filing alleges that this real estate mogul and popular influencer misled everyday investors about the potential returns they would receive. Where is this case going, and how much of a warning is this to other investors?

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Lead gen is not enough. Here’s how to nail down lead conversion

Inman

In the last of his 5-part series, broker Nick Schlekeway looks at lead conversion. What is it, and why do so few agents ever get good at it?

Agents 193
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Why Buying a Good Deal is Just the Beginning of the Work

BiggerPockets

Investing is mostly a game of management. How you best operate your property—from screening tenants to making improvements—is just as big of an investment.

Tenants 76
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10 creative ways to showcase your listings

Inman

Want to stand out from the crowd with your listings? Take advantage of these 10 creative ways to help you draw more attention to your listings.

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The Great Update: A Changing Economic Order

BiggerPockets

The world is changing fast. Real estate investors need to find ways to keep up with the ever-increasing pace of technology, economic change, and societal structuring. Here's an introduction to the Great Update.

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Mortgage stress test an imperfect regulatory measure, says OSFI head

Mortgagebroker News

Mechanism an 'incomplete' means of safeguarding financial system stability, according to Routledge

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2 “Slam Dunk” Small Multifamily Deals in 2023 (and Where to Find Them)

BiggerPockets

Small multifamily properties are one of the EASIEST ways to get into real estate investing.

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Lamacchia Realty Officially Celebrates Falmouth, MA Office Grand Opening

Lamacchia Realty

After opening the Falmouth, Massachusetts office in late June , Lamacchia Realty was thrilled to celebrate the Cape Cod Office’s Grand Opening celebration on Saturday, September 9th! Lamacchia Realty has been serving buyers and sellers throughout Massachusetts for decades, but this is the first true Cape Cod office location. We were honored to have Kara Foley and the original Foley Real Estate REALTORS join us to celebrate the opening of the freshly updated office.

Realty 52
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Will the Bank of Canada raise rates again?

Mortgagebroker News

CEO believes borrowers should prepare for the worst

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Opinion: Who will buy the mortgages?

Housing Wire

The question many in capital markets have been asking since the GSEs were put into conservatorship is this: Without Fannie , Freddie , or the Fed , who will buy the agency MBS? Today we are seeing this play out with a shortage of MBS buyers to the tune of about $2 billion in demand per day. Supply and demand — when demand is low, MBS prices will drop at sale and the corresponding yields will rise.

Mortgage 473