Housing Wire

OCTOBER 19, 2023

In late August, when mortgage rates were well over 7% and beginning their climb toward 8%, Jeff Anderson had a client do what few other homeowners are willing to do: She gave up her 4% mortgage rate. You’re probably thinking, “Uh, why on earth would she do that?” The client wanted to pay off $30,000 in consumer debt, handle home improvement projects and help her daughter start college, said Anderson, a longtime mortgage advisor in Southern California.

Mortgage 479

Mortgage Clients Lending Home Improvement 479

Real Estate News

OCTOBER 19, 2023

On Day 4 of the Sitzer/Burnett trial, an expert witness for the plaintiffs said the current commissions system is a "clear case" of collusion and price fixing.

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Housing Wire

OCTOBER 19, 2023

In what could be an attempt to get ahead of changes that may be coming to the real estate industry, the Real Estate Board of New York announced some major policy changes this week, as first reported on by The Real Deal. Starting Jan. 1, REBNY rules will prevent the listing brokers from paying buyer agents and instead will require sellers to pay commissions directly.

Sellers 432

Sellers Agents Brokerage Real Estate 432

Real Estate News

OCTOBER 19, 2023

The summer sales slump continued through September, marking the seventh month of negative sales movement this year.

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Housing Wire

OCTOBER 19, 2023

Event marketing can be key to success in building relationships and meeting new potential buyers and sellers. There are several categories of events. Events you create, promote, and manage yourself, events that you can sponsor which are created by others, and smaller get-togethers with select groups from your list. Here’s a monthly guide to party and event ideas to keep your pipeline flowing all year. 1.

Real Estate Agent 432

Real Estate Agent Real Estate Agents Open Houses 432

Real Estate News

OCTOBER 19, 2023

As mortgage rates continue to hit multi-decade highs, the industry waits to see how much it dries up demand.

Buyers 247

Buyers Mortgage 247

Real Estate News

OCTOBER 19, 2023

September data from web traffic aggregator Comscore shows Realtor.com in second place and Homes.com coming in a close third.

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Housing Wire

OCTOBER 19, 2023

Two of Berkshire Hathaway HomeServices Nevada Properties ’ top teams, The Mullin Group and The Blankfeld Group, have merged to create The Mullin Blankfeld Group. Together, they will boast a total of 42 real estate agents , serving clients across different neighborhoods and price points throughout the Las Vegas Valley. “Working together as one group combines a vast range of industry backgrounds that contribute to expertise in every category of real estate.

Real Estate Agent 410

Real Estate Agent Real Estate Clients Agents 410

Inman

OCTOBER 19, 2023

The plaintiffs in a class action antitrust suit challenging the real estate industry’s commission structure took to the stand Wednesday and Thursday to make the case that the practice of homesellers paying buyer agents is “unfair.

Real Estate 199

Real Estate Agents Buyers Brokerage 199

Housing Wire

OCTOBER 19, 2023

The third day of the highly consequential Sitzer/Burnett class action buyer broker commission lawsuit included a deep dive into the training materials used by various brokerages and the testimony of three of the named plaintiffs. Several industry executives, including Rene Galicia, the former director of MLS engage at the National Association of Realtors , and Rodney Gansho, the head of engagement at NAR, again appeared via video deposition, according to reports from Inman News.

Training 410

Training Agents Real Estate Brokerage 410

Eyes on Housing

OCTOBER 19, 2023

Existing home sales in September fell to lowest level since October 2010 as limited inventory and higher mortgage rates continued to weigh on homebuyers, according to the National Association of Realtors (NAR). Low resale inventory and strong demand continued to drive up existing home prices, marking the third consecutive month of year-over-year median sales price increase.

Inventory 193

Inventory Mortgage Realtors 193

Housing Wire

OCTOBER 19, 2023

Existing home sales fell 2.0% in September from August , reaching a seasonally adjusted annual rate of 3.96 million, according to the National Association of Realtors. Compared to September 2022, existing home sales slumped 15.4%, down from 4.68 million in September 2022. Looking at the four major U.S. regions on a monthly basis, sales only picked up in the Northeast.

Inventory 410

Inventory Realtors Buyers Housing Market 410

Inman

OCTOBER 19, 2023

Kansas City has apparently become the center of the world as the celebrated Chiefs tight end opted for a secluded property in a gated community in the city to facilitate quality time with the "Eras" tour star.

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Housing Wire

OCTOBER 19, 2023

The Real Brokerage has appointed Christian Wallace as chief of integrated home services, the company announced on Thursday. Prior to joining the brokerage , Wallace worked at some of the leading companies in the industry, such as Rocket Homes , Better.com , Opendoor and Farmers Insurance. In this newly created role, Wallace will report to Real Chairman and CEO Tamir Poleg and will oversee Real’s consumer-facing products.

Real Estate Agent 409

Real Estate Agent Brokerage Real Estate Agents 409

Inman

OCTOBER 19, 2023

If the 80-20 principle is correct, then agents must delegate tasks. But broker Nick Schlekeway says many agents have taken it too far. Here are the areas agents should stop delegating and personally handle with care.

Real Estate Agent 180

Real Estate Agent Agents Real Estate Business 180

Housing Wire

OCTOBER 19, 2023

The inefficiencies of paper documents are undeniable. But when a mortgage lender, credit union, bank, title company or settlement service provider wants to transition away from paper closings , it can be hard to know where to start. DocMagic’s AutoPrep solution is the easiest step a lender can take to automate their eClosing process. It offers instant document e-enablement by leveraging cutting-edge AI, machine learning and powerful Optical Character Recognition (OCR) technology, instantly

Lending 324

Lending Technology Tools Mortgage 324

Inman

OCTOBER 19, 2023

As Sitzer | Burnett unfolds, the New York City trade association announced the upcoming rule change amid a nationwide reevaluation of buyer commission structures.

Buyers 184

Buyers Sellers Agents 184

Housing Wire

OCTOBER 19, 2023

Dallas-based United Real Estate is expanding its footprint in its home state. United Real Estate | DFW Properties is merging with Grapevine, Texas-based Insight Realty Network , according to an announcement on Thursday. The merger expands United Real Estate’s agent count to 830 in North Texas and 1,810 statewide. The merged firm, which will operate under the United Real Estate | DFW Properties name, will have agents based out of both United Real Estate’s Fort Worth office and the former Insight

Real Estate 315

Real Estate Realty Brokerage Agents 315

Inman

OCTOBER 19, 2023

In announcing the $9 million settlement with the Florida lender, Attorney General Merrick Garland said DOJ "currently has over two dozen active investigations into redlining, spanning neighborhoods across the country.

Lending 176

Lending Mortgage 176

Empire Appraisal Group

OCTOBER 19, 2023

Why you should get an appraisal before you list a home for sale. Getting your home appraised before listing it for sale is a wise decision that can benefit both sellers and buyers in the real estate market. Here are some of the top reasons to consider getting a pre-listing appraisal: Accurate Pricing : An appraisal provides an objective and professional estimate of your home’s current market value.

Appraisal 78

Appraisal Real Estate Sellers Buyers 78

Inman

OCTOBER 19, 2023

The Coldwell Banker CMO sat down with Inman to discuss some of the highlights from the real estate company's Gen Blue event this year, which included a highly unscripted interview with NBA giant Shaquille O'Neal.

Real Estate 175

Real Estate Brokerage Marketing 175

BiggerPockets

OCTOBER 19, 2023

We've uncovered the truth about title insurance and answered the question, “What is title insurance?” We’re here to help you understand the difference between lender's and owner's policies.

Insurance 70

Insurance Real Estate 70

Inman

OCTOBER 19, 2023

Policy change is intended to help more first-time homebuyers, seniors, and inter-generational families tap the wealth building potential of homeownership.

Law 187

Law Tools Buyers Investing 187

Mashvisor

OCTOBER 19, 2023

The BRRRR strategy is a solid way to build wealth from rental properties. Read this ultimate guide and learn how this real estate investment strategy works!

Real Estate 74

Real Estate Investors Investing Renovations 74

Inman

OCTOBER 19, 2023

Keller Williams is set to open its latest master franchise in Willemstad, Curaçao. With its opening, the Texas franchisor will have nine master franchises across the Caribbean.

Real Estate 171

Real Estate Brokerage 171

BiggerPockets

OCTOBER 19, 2023

The Fed’s new “neutral interest rate” could mean pricier mortgages, less cash flow, and higher home prices for longer.

Mortgage 77

Mortgage Marketing 77

Inman

OCTOBER 19, 2023

The shop, located in the northeastern corner of Massachusetts, serves homebuyers and sellers in Newburyport, Newbury, West Newbury, Amesbury, Ipswich, Southern New Hampshire and the New Hampshire seacoast.

Sellers 172

Sellers Brokerage 172

BiggerPockets

OCTOBER 19, 2023

A district judge in California has tossed out a class action lawsuit against real estate investor and influencer Grant Cardone.

Real Estate 73

Real Estate Investors 73

Inman

OCTOBER 19, 2023

People often fear operating within equity and equality means selecting individuals solely based on that, Broker Zak Shellhammer explains, but equity and equality are not about favoring one over another.

Agents 166

Agents 166

Mortgagebroker News

OCTOBER 19, 2023

'Turbulence' is the best way to describe the current challenges, according to executive

Real Estate 81

Real Estate 81

Inman

OCTOBER 19, 2023

The median U.S. home price rose to $350,000 in the third quarter, 2 percent higher than the previous record set a quarter earlier, according to new data released Thursday by Attom.

Home Value 161

Home Value Marketing 161

Mortgagebroker News

OCTOBER 19, 2023

It is the fourth of Canada’s five major banks to face penalties for such violations this year

Mortgage 79

Mortgage 79

Inman

OCTOBER 19, 2023

Homebuyers are backing away from the market as mortgage rates continue to climb. But new listings aren't declining as quickly, Redfin reports.

New Listings 180

New Listings Buyers Marketing Mortgage 180

Mortgagebroker News

OCTOBER 19, 2023

Still, the sector remains more resilient than the conventional market, executive says

Housing Market 79

Housing Market Marketing 79