Top Property Appraisal Zone Brokerage Property Taxes Content for Fri.Sep 29, 2023

Fri.Sep 29, 2023

As rising mortgage rates push buyers to the brink, sellers are starting to cut prices

Housing Wire

SEPTEMBER 29, 2023

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. According to the brokerage, 6.5% of U.S. homes for sale posted a price cut during the four weeks ending September 24, up from 5.8% the month prior. In some markets, more than 50% of active listings have experienced a price cut, according to Altos Research.

Sellers

Sellers Buyers Inventory Real Estate Agent

eXp exec talks rev share, ‘attraction’ and agents’ No. 1 job

Real Estate News

SEPTEMBER 29, 2023

Chief Growth Officer Michael Valdes says eXp doesn’t “recruit” agents in a transactional sense, but seeks to “attract” for long-term growth and success.

Agents

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Meet the new kid on the brokerage block: iad Group

Housing Wire

SEPTEMBER 29, 2023

The iad Group is heading to America. The Paris-based brokerage is launching its Florida operation on Friday, marking its first expansion into the U.S. The firm was founded in 2008 and currently operates in France, Portugal, Italy, Spain, Germany and Mexico. In addition to the U.S. expansion, iad will soon be launching in the United Kingdom. According to iad, the brokerage is the No. 1 brokerage by transaction sides in France, as well as No.3 in Italy, No. 4 in Portugal, No. 5 in Spain and No. 4

Brokerage

Brokerage Agents Real Estate Realty

Zillow wins case over how it handles non-MLS listings

Real Estate News

SEPTEMBER 29, 2023

A jury decided that Zillow did not harm The Real Estate Exchange, known as REX, by moving its listings to a secondary tab with less traffic.

Real Estate

To overcome surging mortgage rates, borrowers are turning to mom and dad

Housing Wire

SEPTEMBER 29, 2023

The loan officers that Scott Groves talks to are struggling. Really struggling. Mortgage rates are around 7.7%, the highest levels in over 20 years, and LOs across America are having to reset their strategies. It’s no longer about just outlasting a bad market for a couple of months. “I would say a vast majority of LOs have woken up to the fact that it won’t get easier,” said Groves, a branch manager at Synergy One Lending and owner of Consolidated Coaching.

Loan Officers

Loan Officers Mortgage Buyers Finance

A win for Rapattoni as Cincinnati MLS members vote to keep it

Real Estate News

SEPTEMBER 29, 2023

In the wake of a cyberattack that knocked the Ohio MLS offline in August, the organization rushed to roll out a new system, but bugs frustrated agents.

Agents

NAR, brokerages say Sitzer/Burnett plaintiffs are trying to dodge cross examination

Housing Wire

SEPTEMBER 29, 2023

Less than three weeks out from the trial start date, plaintiffs in the Sitzer/Burnett buyer broker commission class action lawsuit filed a notice to withdraw three named plaintiffs. Attorneys for the plaintiffs notified the court in Kansas City that they wish to withdraw Scott Trupiano, Ryan Hendrickson, and Scott Burnett as class representatives. The two-page filing offered no explanation for the decision.

Brokerage

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NAR, brokerages say Sitzer/Burnett plaintiffs are trying to dodge cross examination

Housing Wire

SEPTEMBER 29, 2023

Brokerage

Brokerage Realtors Agents Design

Cloud-based brokerage iad lands in the US

Real Estate News

SEPTEMBER 29, 2023

The French company has over 20,000 agents across Europe and Mexico, and now it’s ready to stake a claim in the lucrative U.S. market.

Brokerage

Brokerage Agents Marketing

MoxiWorks boosts customer engagement with new product integration

Housing Wire

SEPTEMBER 29, 2023

MoxiWorks , a real estate technology platform, just made it easier to create and share presentations thanks to its latest product integration. The company combined its two tools — MoxiPresent and MoxiConnect — to streamline the creation of presentations , buyer tours and annual property reviews to send the assets directly to customers. “Innovation at MoxiWorks is always done with an eye towards making the agents more efficient and maximizing their opportunities.

Real Estate Agent

Real Estate Agent Real Estate Clients Agents

Brokerage Beat: News from RE/MAX, C21, ERA, Christie's, more

Real Estate News

SEPTEMBER 29, 2023

RE/MAX snags 165-agent firm; Century 21 grows in Long Island, Chicago; The Agency expands in Montana; Real enters Vermont; Christie's opens in Park City; more.

Brokerage

Brokerage Agents

David Childers named new CEO of Keeping Current Matters

Housing Wire

SEPTEMBER 29, 2023

David Childers has been promoted to the role of chief executive officer at Keeping Current Matters , the company announced on Wednesday. Childers previously served as KCM’s president for almost two years. Before that, he was the vice president of content and marketing. His appointment coincides with owner Bill Harney shedding the CEO title, which he has held since October 2014.

Real Estate

Real Estate Marketing Mortgage Housing Market

Hollywood’s top 35 luxury real estate agents, revealed

Inman

SEPTEMBER 29, 2023

It takes a highly qualified real estate agent to perform at the level that some of the world's wealthiest celebrities demand. Here are the top ones serving Hollywood, according to "The Hollywood Reporter.

Real Estate Agent

Real Estate Agent Real Estate Agents

Mr. Cooper CEO Jay Bray on the challenges and opportunities in acquiring Home Point Capital

Housing Wire

SEPTEMBER 29, 2023

The recently completed $300 million-plus acquisition of Home Point Capital by Mr. Cooper provided an attractive opportunity to bolster the company’s existing mortgage servicing rights (MSR) portfolio, and it’s expected to boost the company’s bottom line within the next couple of quarters. This is according to Jay Bray, CEO of Mr. Cooper, in an interview on HousingWire’s Housing News podcast hosted by HW Media CEO Clayton Collins.

Logistics

Logistics Mortgage Finance

Canada’s version of the bombshell commission lawsuit gets serious

Inman

SEPTEMBER 29, 2023

A judge struck down claims that defendants conspired to "fix," "maintain" and "increase" prices for buyer brokerage services, but allowed claims they sought to "control" prices to proceed.

Brokerage

Brokerage Buyers Law Real Estate

Property Tax Revenue Climbs as Income Tax Receipts Decline Sharply

Eyes on Housing

SEPTEMBER 29, 2023

NAHB analysis of the Census Bureau’s quarterly state and local tax data shows that $132 billion in taxes were paid by property owners in the second quarter of 2023 (not seasonally adjusted).[1] In the four quarters ending Q2 2023, state and local governments collected $727 billion of property tax revenue—a 7.4% increase over Q2 2022. The year-over-year growth rate of.

Property Taxes

Property Taxes Government Finance

Here’s what differentiates teams that win from everyone else

Inman

SEPTEMBER 29, 2023

If you want your tech to work for your team, you need to think through the process of implementing it and making it stick. Tech CEO Sheila Reddy offers a three-point strategy for making team tech fulfill its promises.

Technology

Technology Brokerage Agents

Class Valuation Hires Industry Leader to Grow DataMaster

DataMaster

SEPTEMBER 29, 2023

TROY, MI — Sept. 29, 2023 – Class Valuation is pleased to announce that Jennifer Tossavainen has joined the company as managing director of DataMaster, the gold standard for property data management software. In this role, Tossavainen will oversee DataMaster’s day-to-day operations, implement strategies to enhance efficiency, and build upon the company’s vision to grow a technology platform that modernizes the appraisal space.

Valuation

Valuation Real Estate Modernization Appraisal Process

Over 50% of transactions are at risk for fraud. Here’s how to fight back

Inman

SEPTEMBER 29, 2023

According to new Inman contributor and attorney Renée Hunter, from cybercriminals to family members, property fraud of all kinds is on the rise. Find out what practical steps you and your professional network can take to put a stop to it.

Lending

Lending Brokerage Agents Marketing

FNMA Continued Effort to Get Rid of Appraisers

Appraiserblogs

SEPTEMBER 29, 2023

Fannie Mae Continues Their Effort To Get Rid Of Appraisers: Sends “Tips” For the past year, Fannie Mae has sent unsigned complaints to state appraisal boards; when they see something they don’t like, they write it up and send it to the state. In their recent newsletter, this effort is called “Tips.” They emphasize they are not automated: LQC reviews are not automated.

Appraisal

Simple-sizing’s on the rise: 3 things buyers want in their next home

Inman

SEPTEMBER 29, 2023

New Inman contributor Nick Boniakowski digs into the latest research on buyer desires to find out how to meet the needs of more intentional home searches.

Buyers

Buyers Agents Marketing

Who’s Buying All of These Deals With ZERO Cash Flow? Are We Crazy?

BiggerPockets

SEPTEMBER 29, 2023

It's no secret that as prices have risen, the ability to cash flow has declined rapidly. Yet, investors continue to scrape up properties every day. Have we all gone mad?

Investors

Oldest US community bank to pay $9M to settle redlining allegations

Inman

SEPTEMBER 29, 2023

Washington Trust "vehemently" denies the allegations but joins a long list of lenders who have coughed up $98 million in settlements since the DoJ launched an anti-redlining initiative in 2021.

Mortgage

Landlords Are Offering Concessions—Does This Mean the Rental Market is Softening?

BiggerPockets

SEPTEMBER 29, 2023

The rental market has continued to grow in much of the country, but signs of softness are starting to creep in. Here's what you need to know.

Landlords

Landlords Marketing Housing Market

Mauricio Umansky survives week 1 of ‘Dancing with the Stars’

Inman

SEPTEMBER 29, 2023

The Agency's CEO was not a top scorer during his debut appearance on the competitive dance reality series, but the judges seemed excited by his enthusiasm, and Umansky scored well enough to avoid elimination.

Agents

Investors: You Can Rake In Passive Income Without Market Volatility—Here’s How

BiggerPockets

SEPTEMBER 29, 2023

Why go through the trouble of economic cycles when you can invest passively and avoid the ups and downs? Start your journey today with a minimum of $500!

Investors

Investors Investing Marketing

Homes are no longer affordable for the average American, report says

Inman

SEPTEMBER 29, 2023

Home prices could be reaching a breaking point, new report says, as housing affordability drops to lowest level since 2007. The median price of homes and condos is a record $351,250.

How Do I Find an Investor-Friendly Lender?

BiggerPockets

SEPTEMBER 29, 2023

An investor-friendly lender can help you secure funding that aligns with your real estate investing goals. Here are a few places to find a lender.

Investors

Investors Real Estate Investing Finance

Lions and tigers and bears, oh my: The Download

Inman

SEPTEMBER 29, 2023

This week: There are some bad actors out there. It's up to you to protect yourself and your clients from fraudsters, scammers and cybercriminals.

Clients

Clients Realty Brokerage Agents

Tracking the Fed: When Should We Expect the Next Rate Hike?

BiggerPockets

SEPTEMBER 29, 2023

The latest Fed meeting didn't feature a rate increase, but what's in store for the next one? What's the current mortgage outlook?

Mortgage

Mortgage Real Estate

How you can fight the ‘hidden dangers’ of unmanaged stress

Inman

SEPTEMBER 29, 2023

No matter how much you love your job, stress can keep you from maximizing your opportunities while it undermines your performance. Broker Eric Bramlett guides you through implementing stress reduction into your everyday life.

Development

Development Agents

How Much Would You Make If You Made Your Primary Residence a Short-Term Rental? You Can Check Right Now

BiggerPockets

SEPTEMBER 29, 2023

Things change, and sometimes, you need to move out of your primary residence. Does it make sense to sell your home? Or should you turn it into cash flow? Here's what you need to know.

Investing

Investing Real Estate