Housing Wire

FEBRUARY 15, 2024

Among homeowners who have a mortgage escrow account, only 52% fully understand how the account works, according to survey results released Thursday by property tax services provider LERETA. More than 80% of survey respondents said they know what an escrow account is and its primary purpose — to pay property taxes and other expenses, such as homeowners insurance , flood insurance and mortgage insurance premiums.

Property Taxes 491

Property Taxes Insurance Mortgage Finance 491

Real Estate News

FEBRUARY 15, 2024

A statement of interest filed late Thursday by the Department of Justice savages the proposed MLS PIN settlement, and calls out MLSs for limiting competition.

Buyers 345

Buyers Agents 345

Housing Wire

FEBRUARY 15, 2024

The preference that older Americans have for aging in place in their own homes is showing up in broader trend data, according to a new report from Redfin. While “homeowner tenure” has fallen slightly since its 2020 peak, the length of time that homeowners are remaining in their properties doubled to 11.9 years last year, up from 6.5 years in 2005, according to a Redfin analysis of median U.S. homeowner tenure by year using county records.

Property Taxes 466

Property Taxes Insurance Construction Inventory 466

Real Estate News

FEBRUARY 15, 2024

Net losses for the year improved, however. CEO Ryan Schneider pointed to debt reduction and settlements as wins, and spoke favorably about buyer agreements.

Buyers 206

Buyers 206

Housing Wire

FEBRUARY 15, 2024

The combination of high home prices and insufficient savings for a down payment makes it challenging for first-time homebuyers to pull the trigger on a property purchase. But the good news is, more buyers have become aware of down payment assistance (DPA) options and are tapping into available resources for help, said Susanne Saller, a senior consultant at Caliber Home Loans.

Mortgage 450

Mortgage Buyers Loan Officers Sellers 450

Real Estate News

FEBRUARY 15, 2024

The leading iBuyer lost $275 million in 2023, but that was less than a fifth of 2022 losses. Now the focus is “sustainable” growth of the business.

Business 213

Business 213

Inman

FEBRUARY 15, 2024

Broker and reality television legend Ryan Serhant headlines an all-star roster of the industry's most compelling voices for the second-annual Inman Global Real Estate Influencers program.

Real Estate 208

Real Estate Realty Technology Agents 208

Housing Wire

FEBRUARY 15, 2024

Nearly a dozen real estate industry firms have been named as defendants in the 118 data privacy lawsuits filed in the Superior Court of New Jersey over the past 10 days by Atlas Data Privacy Corp. The lawsuits allege that the defendants, which are referred to as “data brokers,” have violated a law that prohibits the disclosure of home addresses and unpublished home phone numbers for judges, law enforcement officers, prosecutors and their families.

Real Estate 421

Real Estate Law Business 421

Real Estate News

FEBRUARY 15, 2024

The 30-year fixed rate rose to 6.77% this week, the highest level since mid-December.

Mortgage 266

Mortgage 266

Housing Wire

FEBRUARY 15, 2024

The parties involved in the Nosalek commission lawsuit got a sweet treat for Valentine’s Day from Judge Patti B. Saris. After three weeks of going back and forth, Saris granted the plaintiffs’ motion to administratively stay the lawsuit. As a result, the docket was listed as closed as of Thursday morning before being reopened at midday. That’s because the deadline for the Department of Justice (DOJ) to file its statement of interest in the MLS Property Information Network (MLS PIN) settlement ag

Brokerage 421

Brokerage Real Estate Agent Buyers Real Estate 421

The Appraiser Coach

FEBRUARY 15, 2024

The short answer is, Yes. Check out this minisode to find out why and what is next for The Appraiser Coach.

Appraisal 195

Appraisal 195

Housing Wire

FEBRUARY 15, 2024

For iBuyer Opendoor , 2023 was all about moderation. “We are excited about how we are set up for 2024 and beyond,” CEO Carrie Wheeler told investors and analysts listening to the firm’s Q4 2023 earnings call on Thursday evening. “We’ve done the hard work in 2023 to be leaner, to be more agile, to be able to rescale the business in a sustainable fashion.

Business 420

Business Advertising Inventory Contracts 420

Inman

FEBRUARY 15, 2024

DeLeon Realty in Silicon Valley began advertising commissions of 3.5 percent or less for homesellers who choose to work with the firm. The marketing push appeared in the mail and social media this week.

Advertising 190

Advertising Brokerage Realty Marketing 190

Housing Wire

FEBRUARY 15, 2024

United Wholesale Mortgage (UWM) has accused California-based brokerage and correspondent lender Mortgage Solutions FCS, dba Client Direct Mortgage, of breaching its early payoff (EPO) provision and its owner, Ramon Walker, of trademark infringement. UWM filed a lawsuit in a U.S. district court in Michigan on Wednesday. The legal battle follows the creation of a Facebook group called “Rocket Pro TPO vs UWM,” which UWM says Walker founded on Oct. 28, 2023.

Mortgage 413

Mortgage Legal Advertising Loan Officers 413

Inman

FEBRUARY 15, 2024

The trade group will not take on pet projects for the duration of NAR President Kevin Sears' tenure, which is slated to last until November 2025, he told NAR's Board of Directors Wednesday morning.

Realtors 176

Realtors Brokerage Agents 176

Housing Wire

FEBRUARY 15, 2024

Opportunity in the current mortgage market may be challenging to find — and that could arguably be truer for those who offer reverse mortgage products for clients. Still, reverse mortgage professionals are always keeping their eyes peeled, and a group of them shared what they’re looking out for in 2024 for their businesses. To get the lay of the land, RMD spoke to front-line reverse mortgage originators Jim Cullen in Green Bay, Wisconsin; David Heilman in Mount Pleasant, South Carolina; and Bruc

Mortgage 410

Mortgage Clients Business Law 410

Inman

FEBRUARY 15, 2024

Learn how this Boston broker puts his sales experience to work as he guides, supports and develops the next generation of great real estate professionals.

Real Estate 186

Real Estate Development Brokerage 186

Housing Wire

FEBRUARY 15, 2024

Anywhere Real Estat e felt the brunt of slow home sales during the fourth quarter of 2023 as the company reported a loss of $107 million during the three-month period. It generated $1.3 billion in revenue in the fourth quarter, a decrease of 6% year over year. A nearly 20% annualized decline in home sales was the major driver of the decline in revenue.

Housing Market 410

Housing Market Marketing Brokerage Agents 410

Inman

FEBRUARY 15, 2024

The real estate brokerage and franchisor posted $5.6 billion in revenue during a grueling 2023 while losses improved to $97 million, according to a full-year earnings call on Thursday morning.

Housing Market 172

Housing Market Brokerage Real Estate Marketing 172

Housing Wire

FEBRUARY 15, 2024

Better.com announced Thursday that it’s launching fully digital U.S. Department of Veteran Affairs (VA) loans through its Tinman platform. The product, which has no minimum down payment requirement, is expected to reach about 10% of the lender’s portfolio in 2024. “We’ve been working toward launching a VA product for the past two years,” Vishal Garg, founder and CEO of Better, said in an interview with HousingWire.

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Loan Officers Finance Mortgage Lending 409

Inman

FEBRUARY 15, 2024

The Mediterranean-style home in Florida was once owned by Bob Ross Inc. and hosted art retreats for Bob Ross-certified instructors and their students. Now it's for sale for $1.999 million.

Realty 172

Realty 172

Housing Wire

FEBRUARY 15, 2024

In an email to the board of directors on Wednesday, National Association of Realtors (NAR) President Kevin Sears announced that he and the trade organization would not be taking on any presidential initiatives throughout the duration of his term, as first reported by Inman News. Sears stepped into the role of NAR president in January after Tracy Kasper announced her resignation , reportedly due to threats of blackmail.

Realtors 409

Realtors Real Estate Agents 409

Inman

FEBRUARY 15, 2024

Known as Matterport Property Intelligence, the release contains features now out of beta testing, such as automatic room-by-room labeling and dimensions, color-coded and company-branded floor plans and property reports for fully detailed physical listing insights.

Technology 170

Technology 170

Housing Wire

FEBRUARY 15, 2024

The nation’s top loan officer Shant Banosian joined the board of directors at Healing Realty Trust , a healthcare-focused real estate investment company. Established in 2022, the real estate venture carved out a niche focusing on healthcare properties in the $1 million to $15 million price range – including those for behavioral, physical and mental health care.

Realty 409

Realty Loan Officers Retail Real Estate 409

Inman

FEBRUARY 15, 2024

Borrowers can use the company's Tinman platform to see their rates and get pre-approved in minutes, and may qualify to buy with no down payment.

Mortgage 184

Mortgage Tools Lending Buyers 184

Appraiserblogs

FEBRUARY 15, 2024

Fannie Mae and Freddie Mac have issued a clarion call to all appraisers to pitch in and help build the gallows from which they will hang us all in 2025. The mission is to “modernize” the appraisal profession into a skeleton crew of compliant zombies who will be rubber stamping appraisal reports for $25 each (Source: Voice of Appraisal) from the dark confines of their private offices.

Modernization 165

Modernization Appraisal Housing Market Marketing 165

Inman

FEBRUARY 15, 2024

The off-market sale is a highlight for greater LA's luxury market, which has slowed in the last year in response to market shifts, interest rates and new luxury taxes.

Marketing 171

Marketing 171

Mashvisor

FEBRUARY 15, 2024

Airbnb hosts, have you heard of the Airbnb rental calculator? It’s no secret that successful real estate investors use a number of tools to help them get where they are.

Tools 69

Tools Investors Real Estate 69

Inman

FEBRUARY 15, 2024

Join Inman Access to unlock Renee Funk's insightful class where we take a deep dive into what agents and team leaders should be prioritizing and how to make 2024 your best year yet.

Agents 161

Agents 161

BiggerPockets

FEBRUARY 15, 2024

Want to pay less money to the IRS in 2024? We’ve got the real estate tax strategies to help you do just that.

Real Estate 80

Real Estate 80

Inman

FEBRUARY 15, 2024

In an earnings report Thursday afternoon, Opendoor CEO Carrie Wheeler struck an optimistic tone and pointed to the "potential for a more normalized macro backdrop" in 2024.

Realty 161

Realty Technology Marketing 161

Mortgagebroker News

FEBRUARY 15, 2024

Industry giants have argued a change could be needed – but regulator shows no sign of budging

Mortgage 79

Mortgage 79

Inman

FEBRUARY 15, 2024

CoStar Group is trading its Washington, D.C., digs for a new HQ in Arlington, Virginia. The company will move to the new building in 2025, creating 150 jobs in the process.

Technology 157

Technology Marketing 157

BiggerPockets

FEBRUARY 15, 2024

The climate crisis is already here, and the cost of real estate is being directly affected.

Insurance 76

Insurance Investing Real Estate 76