Housing Wire

JANUARY 12, 2024

The U.S. Supreme Co urt last week scheduled oral arguments for seven pending cases to take place in February, including one that will decide whether “the National Bank Act preempts the application of state escrow-interest laws to national banks,” according to a publication of the argument schedule and reporting at SCOTUSblog. The court will decide whether or not national banks will be required to follow state-level laws governing escrow accounts’ accumulation of interest.

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Law Mortgage Government Real Estate 479

Real Estate News

JANUARY 12, 2024

VC pro Bill Gurley returns to Zillow board; Rehn Chavez named COO at VESTAPLUS; Dan Troup joins BPP as CEO; Janet Kane named Interim CEO at Cape Fear Realtors.

Realtors 212

Realtors 212

Housing Wire

JANUARY 12, 2024

Despite the still-challenging rate environment, some homeowners might opt to bite the bullet and give up their low rate to move, according to a Redfin study. Nationwide, the share of homeowners with relatively low rates has fallen modestly from a record high of 92.8% in mid-2022. In the third quarter of 2023, 88.5% of U.S. homeowners with mortgages had an interest rate below 6%.

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Real Estate Agent Sellers Inventory Mortgage 473

Inman

JANUARY 12, 2024

Lawmakers are demanding a federal investigation in the wake of a CNN analysis that concluded the nation's largest credit union denied more than 50 percent of Black mortgage applicants in 2022.

Lending 190

Lending Mortgage 190

Housing Wire

JANUARY 12, 2024

Mortgage businesses at Wells Fargo , JPMorgan Chase and Bank of America are now only a fraction of what they were in 2022. As a group, the trio originated about $80 billion in mortgages in 2023, down from nearly $218 billion the prior year – a $138 billion decline (63%). The downsized volume reflects two equally important factors: a housing market characterized by limited inventory, high mortgage rates and reduced demand, but also the banks taking themselves off the board for some resident

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Mortgage Lending Retail Business 450

Real Estate News

JANUARY 12, 2024

After hitting a peak in 2021, tech mergers and acquisitions have entered a new phase of consolidation to meet demand for more comprehensive platforms.

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Inman

JANUARY 12, 2024

A Chicago homeowner is the latest to allege NAR policies amounted to a conspiracy to keep commissions high for buyers; @properties vows to "vigorously defend" against the new lawsuit.

Buyers 184

Buyers Real Estate Brokerage Agents 184

Housing Wire

JANUARY 12, 2024

Guaranteed Rate has introduced a new feature that allows sellers working with a G-Rate loan officer to pay a fee that locks in a permanently discounted mortgage rate for a buyer. Known as “RateReduce Sell,” it’s a major enhancement to the existing RateReduce buydown program, in which sellers have paid to temporarily buy lower mortgage rates , typically a 2-1 buydown, for buyers.

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Sellers Real Estate Agent Loan Officers Mortgage 432

Inman

JANUARY 12, 2024

America's population is continuing to change, writes Tina Lapp. Generate the highest level of success for diverse communities, whether they are new agents entering the field or clients looking to buy a home.

Real Estate 184

Real Estate Clients Agents Real Estate Agent 184

Housing Wire

JANUARY 12, 2024

A proprietary reverse mortgage from Finance of America Companies (FOA) now secures the home of Rhode Island ’s honorary historian laureate after the property was returned to the owner after attempts to bequeath it to a nonprofit historical society he founded. This is according to reporting from The Providence Journal. The original reporting described the amount of the loan as nearly one-fifth higher than the current $4 million limit for “HomeSafe,” the private-label product offered by FOA’s reve

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Tools Mortgage Finance Lending 431

Inman

JANUARY 12, 2024

Sustainability, global policy and technology are some of the biggest luxury topics going into 2024, according to the report released on Wednesday. CMO Bradley Nelson also said luxury agents should keep growing their networks to succeed in the new year.

Technology 184

Technology Agents Design Realty 184

Housing Wire

JANUARY 12, 2024

With much of the U.S. retirement conversation often focused on the increasing challenges of maintaining a quality of living into older age, a law passed by Congress in 2022 could be a positive sign. The Securing a Strong Retirement Act of 2022, known by its moniker “SECURE 2.0,” includes provisions including automatic enrollment of more workers into retirement savings plans, matching certain student loan payments in a 401(k) plan and tweaks to required minimum distributions (RMDs) in existing re

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Law Modernization Finance 421

Inman

JANUARY 12, 2024

Newly installed NAR President Kevin Sears will remain in position for nearly two years after replacing Tracy Kasper on Monday. In a video to members he focused on legal challenges and core business.

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Legal Business Realtors Brokerage 176

Housing Wire

JANUARY 12, 2024

The value of all residential real estate worldwide is approximately $200 trillion. Of this, the U.S. accounts for approximately 23%. Every year, transaction volume in the U.S. exceeds $1.5 trillion. The numbers are staggering so it is no surprise that residential proptech is a heady market, capturing the imagination of entrepreneurs and institutions alike.

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Supply Chain Finance Development Modernization 421

Inman

JANUARY 12, 2024

MoxiBalance’s roots are in parent company MoxiWorks' 2021 acquisition of Reeazily, the unnecessarily difficult-to-pronounce software company that specialized in transaction management and real estate business oversight.

Real Estate 176

Real Estate Business Technology 176

Eyes on Housing

JANUARY 12, 2024

According to the latest Producer Price Index report, growth in the average price level of inputs to residential construction less energy (i.e., building materials) fell from 15.0% in 2022 to 1.3% in 2023 (not seasonally adjusted). On a monthly basis, building materials prices rose 0.1% in December after increasing 0.1% in November (revised). Monthly price increases averaged 0.2% in 2023, down.

Construction 179

Construction 179

Inman

JANUARY 12, 2024

Stop trying to reinvent the wheel in your business. According to Jimmy Burgess, there are five people who already offer a roadmap to your professional destination.

Business 176

Business Development Agents 176

Appraiserblogs

JANUARY 12, 2024

On January 1, 2024, McKissock announced that they were pulling the plug on their PAREA project. The primary factor contributing to this cancellation was the substantial resource cost, which exceeded initial estimates and resulted in a higher-end price for customers. This decision was made with the recognition that a higher cost would create a new barrier to entry into the appraisal profession, potentially hindering individuals from pursuing a career due to financial constraints.

Appraisal 104

Appraisal 104

Inman

JANUARY 12, 2024

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Brokerage 176

Brokerage Agents 176

GoForrmz

JANUARY 12, 2024

Watch this panel discussion to see how easy it is to implement data automation on your job sites Held live on January 11, 2024, this webinar brings together The Rollout Crew, Bryan Builders, and GoFormz for a panel discussion about bringing data automation to your construction sites. You can watch the full video recap here, followed by detailed timestamps of individual portions of the discussion.

Construction 78

Construction Technology Tools Business 78

Inman

JANUARY 12, 2024

After a reported blackmail threat, NAR President Tracy Kasper resigned this week. What's next for the embattled trade organization?

Realtors 184

Realtors Agents 184

BiggerPockets

JANUARY 12, 2024

In November, the 5% down Fannie Mae loan for multifamily properties was released to thunderous applause. We analyze a deal under the new program to see just how beneficial it is for investors.

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Investors Investing Real Estate 81

Inman

JANUARY 12, 2024

RateReduce Sell allows sellers to pay points to lock in a discounted mortgage rate that their agent can cite in co-branded marketing materials.

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Sellers Mortgage Agents Marketing 172

Housing Wire

JANUARY 12, 2024

What’s the secret to nurturing leads and turning them into loyal clients? It’s a high-functioning customer relationship management (CRM) tool with robust features, integrations and automation. As your real estate business expands, nurturing your growing client base inevitably leads to a need for improved communication. The best real estate CRM solution is the one that will manage your client interactions, increase the number of touchpoints with each client, and convert leads seamlessly into buye

Real Estate 450

Real Estate Real Estate Agent Tools Agents 450

Inman

JANUARY 12, 2024

We may see a reprieve in the number of new rental units coming online in 2024, with CoStar projecting a 25 percent pullback.

Investing 172

Investing 172

Lamacchia Realty

JANUARY 12, 2024

Lamacchia Realty achieved multiple Number One Rankings for Market Share in 2023 in Worcester & Leominster. Read the details of each ranking by clicking the corresponding image below! CLICK HERE TO READ THE FULL PRESS RELEASE CLICK HERE TO READ THE FULL PRESS RELEASE CLICK HERE TO READ THE FULL PRESS RELEASE The company’s mission has become to guide REALTORS®, employees, and clients to their success.

Realty 69

Realty Marketing Realtors Training 69

Inman

JANUARY 12, 2024

TheONE94Group has joined Coldwell Banker Realty's Ridgewood, New Jersey, office. The 20-person team has a lifetime sales volume of more than $80 million.

Realty 132

Realty Real Estate Brokerage 132

Lamacchia Realty

JANUARY 12, 2024

We are thrilled to announce that once again, Laurie Howe Bourgeois has ranked #1 in Leominster for sales volume and closed transactions. In 2023, Laurie closed 23 transactions and accumulated over $10.5 million in sales volume in Leominster alone! This is the third year in a row that Laurie has ranked #1 in Leominster! Despite Laurie’s remarkably high transaction volume, she consistently provides personalized attention to each client, making them feel like her sole focus.

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Realty Clients Agents Real Estate 65

BiggerPockets

JANUARY 12, 2024

We get into real estate for financial freedom and early retirement, but that goal is getting harder and harder to achieve each decade.

Real Estate 70

Real Estate 70

Lamacchia Realty

JANUARY 12, 2024

The Lamacchia Realty Worcester office is number one overall for closed transactions and is number one independent for sales volume in all of Worcester County in 2023. Furthermore, it is the number one independent office for sales volume in the city of Worcester. Lamacchia Realty as a brokerage also ranked as the number one independently owned firm in Worcester County with the highest sales volume and the highest number of closed transactions for all of 2023, and number two overall.

Realty 64

Realty Brokerage Realtors Clients 64

Mortgagebroker News

JANUARY 12, 2024

Upcoming wave could give agents and brokers the chance to distinguish themselves further from the banks

Agents 72

Agents 72

Lamacchia Realty

JANUARY 12, 2024

Lamacchia Realty’s Leominster office is the number one office overall by both sales volume and closed transactions in the city of Leominster as well as the number one brokerage by both sales volume and closed transactions. Either way you cut it, no one sells more homes in Leominster than Lamacchia Realty. Ever since the doors opened in  May of 2019 , top ranking titles have been achieved due to the hard work of our  highly skilled REALTORS®.

Realty 60

Realty Brokerage Realtors Training 60

Mortgagebroker News

JANUARY 12, 2024

The Liberals' housing-related measures over the past few months do not seem to be resonating with Canadians, poll suggests

Government 60

Government 60

BiggerPockets

JANUARY 12, 2024

If retiring is a problem, then the best way to solve it is by buying more properties. How many do you need?

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