Housing Wire
NOVEMBER 14, 2023
Baby boomers and millennials have dominated the home-buying conversation in recent decades, but a new generation of homeowners is browsing online listings, heading to open houses and planning their home-buying budget. Gen Z — born between 1997 and 2012 — is making waves in the market with their approach to homebuying. Here are 14 real estate trends Gen Z buyers won’t pass up. 1.
Real Estate News
NOVEMBER 14, 2023
Texas Realtor associations and 20+ brokerages and teams are being sued by a home builder and magazine publisher who call NAR the “creator of the conspiracy.
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Housing Wire
NOVEMBER 14, 2023
Fannie Mae announced on Tuesday that its Multifamily Positive Rent Payment (PRP) pilot program, originally scheduled to expire this year, has been extended through December 2024 in light of new survey data and an impact analysis. As part of the extension and to encourage adoption, Fannie Mae will cover the cost for property owners who enroll in PRP through the extension period.
Real Estate News
NOVEMBER 14, 2023
During her NAR NXT keynote, Tracy Kasper tackled the big issues facing the association, including the Sitzer/Burnett verdict and sexual harassment accusations.
Housing Wire
NOVEMBER 14, 2023
Better Home & Finance Holding , the parent of digital lender Better.com , delivered a massive loss in the third quarter of 2023, its first earnings report since it became public in late August. Executives at the company told analysts that more cost-cutting initiatives are needed in a shrinking market to reach profitability. Better reported a GAAP net loss of $340 million in the third quarter of 2023, an increase of 50% from negative $227 million in the same period of 2022, according to its 8
Real Estate News
NOVEMBER 14, 2023
Bright MLS CEO Brian Donnellan said the verdict could be a blow to fair housing, which “should be concerning to all of us.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Real Estate News
NOVEMBER 14, 2023
NAR economist expects to see a double-digit rise in both existing and new home sales next year.
Housing Wire
NOVEMBER 14, 2023
Wells Fargo and information services company CoreLogic partnered on real estate tax processing operations to enhance risk management, compliance and customer experiences in the mortgage servicing sector. CoreLogic will manage real estate tax processing operations services for Wells Fargo Home Lending customers and oversee tax customer service via its Digital Tax Portal in order to drive payment accuracy, CoreLogic said in a news release.
Real Estate News
NOVEMBER 14, 2023
Buyers are in a better position this fall as supply increases and home prices level off in the Lone Star State's largest city.
Housing Wire
NOVEMBER 14, 2023
Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported an average net loss of $1,015 on each loan they originated in the third quarter of 2023. That’s nearly double the reported loss of $534 per loan in the previous quarter, according to the Mortgage Bankers Association (MBA). The average pre-tax production loss was 34 basis points (bps) in Q3.
Inman
NOVEMBER 14, 2023
On Nov. 5, Phil Lang joined 50,000+ others in running the New York City Marathon and finished in 2:43, a two-minute personal best from seven years prior. Here he shares five things that he learned in getting to the top 0.5 percent of finishers.
Housing Wire
NOVEMBER 14, 2023
The commission lawsuits have arrived in Texas , but the QJ Team suit, named after its lead plaintiff, isn’t like your Moehrl , Sitzer/Burnett , March , Gibson or Batton 2 commission lawsuits. While the lawsuit does name large corporate brokerage firms as defendants, including Keller Williams , Side , HomeServices of America , and Fathom Realty , the robust defendant list also includes real estate teams, such as The Loken Group and Hexagon Group , as well as an individual broker, Mark Anthony Dim
The Appraiser Coach
NOVEMBER 14, 2023
A problem that I’ve run into several times during my coaching, especially after the COVID-19 pandemic, is rush orders. Appraisers don’t know what to do. They’re scheduled out 4, 5, 8 weeks, and then they get a call from someone they’ve done business for for years with a rush order that needs to be done as soon as possible. They don’t want to disappoint their clients, but they also don’t have time to fit the rush order in.
Housing Wire
NOVEMBER 14, 2023
Image Analytics CoreLogic’s Image Analytics feature leverages advanced computer vision technology to analyze and extract valuable insights from images related to real estate properties. This powerful tool can automatically identify and classify various attributes, such as property condition, features, and amenities, providing users with a deeper understanding of the property.
Inman
NOVEMBER 14, 2023
A homebuilder and holding company filed the case Monday. But unlike other suits against NAR, this one lists the Texas Association of Realtors and other local organizations as defendants.
Housing Wire
NOVEMBER 14, 2023
Sagent CARE Sagent’s CARE platform is state of the art technology that provides homeowners with the ability to self-serve their mortgages anytime, anywhere. Homeowners can manage payments and escrows, go paperless, find savings opportunities and remain engaged with their servicers. With tools like applying for mortgage assistance and promotional targeted site messages, CARE helps servicers build lifetime relationships with their homeowners!
Inman
NOVEMBER 14, 2023
The National Association of Realtors' legal team on Monday blamed the ruling on the judge. The plaintiffs' attorney, meanwhile, said NAR hadn't "learned anything" from its "resounding defeat.
Housing Wire
NOVEMBER 14, 2023
Total mortgage delinquencies rose slightly in the third quarter of 2023 as the job market cools and inflation puts more pressure on homeowners. However, delinquency rates are still well below historical averages, according to new data from the Mortgage Bankers Association (MBA). Delinquent home loans on one- to four-unit properties rose to 3.62% of all outstanding mortgages in Q3, up from 3.37% the previous quarter and 3.45% a year ago, according to MBA ’s National Delinquency Survey.
Inman
NOVEMBER 14, 2023
A $565 million influx of cash from an August SPAC merger and a $1 billion reduction in annual expenses put Better on a footing to navigate a challenging market, executives say.
Housing Wire
NOVEMBER 14, 2023
As the dust from the Sitzer/Burnett commission lawsuit trial and jury verdict settles, many unanswered questions remain. And based on Judge Stephen Bough’s latest filing, it doesn’t appear the real estate industry will have definitive answers any time soon. According to a court order filed Tuesday, any post-trial motions the defendants wish to file need to be submitted by Jan. 8, 2024.
Inman
NOVEMBER 14, 2023
Beverly Hills-based global luxury brokerage The Agency is launching its 100th office — in Portland, Oregon — a mere 12 years after its inception. Dirk Hmura and Andrew Misk will lead the enterprise.
Housing Wire
NOVEMBER 14, 2023
Consumer prices were up 3.2% in October from a year earlier, down from 3.7% in September and slightly slower than economists’ expectations. “Core” prices, excluding food and energy, were up 4.0% in October, the smallest 12-month change since the period ending in September 2021. However, the index for shelter continued to climb in October by 0.3%, offsetting a decline in gasoline prices and resulting in the seasonally adjusted index being unchanged from September.
Inman
NOVEMBER 14, 2023
Rather than a demise of coworking spaces, experts say WeWork's collapse presents a silver lining for other coworking companies and landlords facing higher vacancies.
Housing Wire
NOVEMBER 14, 2023
Collabra Technology , a real estate marketing and analytics firm, has appointed former Bright MLS executive David Charron to its board of directors, the company announced on Monday. Charron will work alongside Collabra’s other board members, which include Microsoft CIO Jim DuBois, investor and startup leader Tom Simpson, investment banker Patrick Ringland and president and CEO of Collabra, Russ Cofano.
Inman
NOVEMBER 14, 2023
Jason Roth told Insider that after he rented out his home to Kareem Hunter, the tenant allegedly only paid part of the first month before illegally renting out other rooms in the house on Airbnb.
Housing Wire
NOVEMBER 14, 2023
The Consumer Financial Protection Bureau (CFPB) on Monday announced its joint rulemaking with the Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) to determine new cutoff thresholds for oversight of loans under the Truth in Lending Act (TILA). The agencies announced four total instances of new rulemaking. The first is a collaboration between CFPB, the Fed Board and OCC, increasing the threshold 4.5% from $31,000 to $32,400 for exempting loans from special appraisal r
Inman
NOVEMBER 14, 2023
Coaches Emily Bossert and Melanie Klein offer insight into overcoming roadblocks, leaning into growth edges and pushing your real estate business to a higher level of achievement.
Housing Wire
NOVEMBER 14, 2023
In its 12th year, HousingWire’s TECH100 award continues to act as a powerful endorsement for the industry’s most innovative and impactful tech organizations — signaling that a company is not just keeping pace with industry trends but is actively shaping the future of housing technology. Each year, the list of TECH100 winners — made up of 100 mortgage and 100 real estate tech companies — has been leveraged by the HousingWire audience to identify partners and solutions to the challenge
Inman
NOVEMBER 14, 2023
CEO and new Inman contributor Christa Huffstickler walks you through proven strategies for planning ahead and building the business of your dreams in the next year.
Housing Wire
NOVEMBER 14, 2023
TRID Compliance Solution DocMagic revolutionizes the underwriting process by offering an AI-driven TRID solution for lending teams. We’re streamlining the underwriting process by automating document verification, classification, and data extraction with 95% accuracy. By minimizing human intervention, we’re empowering underwriters, saving time, and reducing compliance errors at the same time.
Inman
NOVEMBER 14, 2023
Throughout the week, RETREAT attendees will learn how to develop new business tactics, wield technology more efficiently and stay afloat as guidance around commissions changes in 2024.
Housing Wire
NOVEMBER 14, 2023
Government sponsored-enterprises (GSEs) Fannie Mae and Freddie Mac will each have a $70 billion cap for multifamily loan purchases in 2024, the Federal Housing Finance Agency (FHFA) announced Tuesday. The combined $140 billion volume considers the given market condition. Still, it can increase if necessary, as the FHFA will continue to monitor the multifamily mortgage market, it says in a recently published fact sheet.
Inman
NOVEMBER 14, 2023
The index for shelter rose 0.3 percent between September and October and was up 6.7 percent year over year, according to CPI data released Tuesday.
Housing Wire
NOVEMBER 14, 2023
Altos Reports Altos Reports help real estate professionals generate new leads, close more business, and stay one step ahead of the market. Altos Reports are custom branded for your business and include a quick snapshot of the market, an at-a-glance view of market indicators, and market trends charts with a historical view of home prices and other local stats.
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