Housing Wire

MAY 6, 2024

Legendary investor Warren Buffett and Greg Abel, the CEO of Berkshire Hathaway Energy , addressed the commission lawsuits and HomeServices of America’s recently announced settlement of the suits, during Berkshire Hathaway’s annual shareholder meeting on Saturday. “There is no question that the industry will go through some transitions because of the settlements — ours and every other major player in the industry settled, the National Association of Realtors settled for more than $400 million ,”

Real Estate Agent 478

Real Estate Agent Real Estate Agents Realtors 478

Appraisal Buzz

MAY 6, 2024

Does the cost of homeowners insurance affect the price of a home? In some markets, the answer is increasingly yes. In recent years, insurance companies have pulled out of some markets altogether after sustaining massive losses due to wildfires, flooding, and other climate-related disasters. Add to this rising replacement costs and legal fees, increased government regulation, inflation, and fraud, and companies are bleeding about a billion dollars every three weeks.

HOA 370

HOA Insurance Legal Fees Valuation 370

Housing Wire

MAY 6, 2024

Redfin has joined the growing list of real estate brokerages that have settled the commission lawsuits. In a document filed with the Securities and Exchange Commission (SEC) on Monday, the brokerage announced that it had reached a nationwide settlement agreement on Friday with the plaintiffs in the consolidated Gibson and Umpa commission lawsuits. As part of the settlement agreement, Redfin has agreed to pay $9.25 million into a qualified settlement fund within 30 days of the court’s preliminary

Brokerage 412

Brokerage Realty Real Estate Agents 412

Appraisal Buzz

MAY 6, 2024

The progress that was made in providing mortgages to to a higher percentage of low-income homebuyers during the pandemic years has been reversed in the past two years due to higher mortgage rates and rising home prices, a report from Redfin shows. “There was a sweet spot in 2020 when mortgage rates were ultra low and home prices had yet to skyrocket, allowing some lower-income Americans to break into the housing market,” says Elijah de la Campa, senior economist for Redfin, in the report.

Buyers 363

Buyers Real Estate Mortgage Housing Market 363

Housing Wire

MAY 6, 2024

Utah-based Capital Community Bank (CCBank) has struck a deal to acquire Security Home Mortgage (SHM), which will become an independent subsidiary division of the bank, the parties announced on Friday. The financials of the deal were not disclosed. According to the Nationwide Multistate Licensing System (NMLS), SHM provides home mortgage solutions in six states through a network of four branches and 62 licensed loan officers.

Mortgage 381

Mortgage Retail Loan Officers Construction 381

Real Estate News

MAY 6, 2024

The Berkshire Hathaway CEO, along with Vice Chair Greg Abel, spoke about the HomeServices settlement and more during the company's annual shareholder meeting.

Real Estate 259

Real Estate 259

Appraisal Buzz

MAY 6, 2024

Adam Johnston has joined Candescent Capital Ventures , a private equity firm specializing in investments in the PropTech space, as senior vice president, chief program management and valuation officer. Johnston is an experienced industry veteran. Over the past 20 years, he has served in key leadership roles in mortgage banking, private mortgage insurance, and appraisal management.

Valuation 195

Valuation Project Management Design Insurance 195

Housing Wire

MAY 6, 2024

AI -powered real estate assistant Sidekick unveiled a partnership with the San Francisco Association of Realtors (SFAR) on Monday. The collaboration will allow the region’s 4,000 agents to leverage Sidekick’s integrated datasets and workflows, making SFAR the first association to offer a generative AI assistant to its members. Launched in November 2023, Sidekick features many functionalities, including real-time market and property data retrieval abilities, valuation analyses and a suite of prod

Realtors 379

Realtors Real Estate Agents Brokerage 379

Appraisal Buzz

MAY 6, 2024

Capital Community Bank (CCBank), a community bank in Utah, has acquired Security Home Mortgage (SHM), a provider of home mortgage solutions in Utah since 1999. Terms of the deal were not divulged. The deal marks a significant milestone in CCBank’s growth strategy, expanding its portfolio of financial services and reaffirming its commitment to fostering the financial well-being of the communities it serves.

Mortgage 195

Mortgage Clients Business Appraisal 195

Housing Wire

MAY 6, 2024

Representatives of the Mortgage Bankers Association (MBA) and the Housing Policy Council (HPC) are urging leaders at the U.S. Department of Veterans Affairs (VA) to delay a mandatory compliance date with the agency’s Veteran Affairs Servicing Purchase (VASP) program, which aims to prevent foreclosures against military personnel who experienced financial hardship due to the ongoing economic consequences of the COVID-19 pandemic.

Mortgage 376

Mortgage Government Lending 376

Appraisal Buzz

MAY 6, 2024

Newfi Lending reports that its EquityChoice product is now available in 16 additional states. EquityChoice is a second lien, shared appreciation mortgage giving homeowners immediate access to cash without having to liquidate portfolio investments, dip into savings, or experience the pressure of added monthly payments. The product gives homeowners access to a portion of home equity at a below-market, fixed interest rate, while sharing in a portion of the home’s future appreciation.

Lending 195

Lending Investing Finance Mortgage 195

Housing Wire

MAY 6, 2024

Rocket Companies , the parent of Rocket Mortgage , announced on Monday that it has hired Shawn Malhotra, a former Thomson Reuters and Intel executive, as the first chief technology officer (CTO) in the company’s history. Malhotra will oversee, among other areas, the firm’s artificial intelligence (AI) development, data science, product engineering, technology operations and information security.

Development 359

Development Technology Tools Mortgage 359

Real Estate News

MAY 6, 2024

Mortgage assumptions aren’t new, but they’re about to get a lot more popular because the math works for both sides of the closing table.

Mortgage 240

Mortgage Agents 240

Housing Wire

MAY 6, 2024

AnnieMac Home Mortgage appointed Ian Aubourg to the role of senior vice president of retail sales, the Mount Laurel, New Jersey -based lender announced Monday. In his new position at AnnieMac, Aubourg will tap into his leadership skills to drive growth and improve the mortgage experience for clients. Aubourg has a track record of leading successful mortgage lending teams and divisions across the Northeast region, including at Mortgage Equity Partners and Movement Mortgage.

Mortgage 328

Mortgage Loan Officers Retail Clients 328

Real Estate News

MAY 6, 2024

The company is the 10th brokerage to agree to pay into a settlement fund, which is approaching $1 billion.

Brokerage 245

Brokerage 245

Housing Wire

MAY 6, 2024

The Asian Real Estate Association of America , along with the National Fair Housing Alliance , the Housing Opportunities Project for Excellence, Inc., and the Fair Housing Center of the Greater Palm Beaches , have filed a lawsuit that contends Florida Housing Law Senate Bill 264 violates the federal Fair Housing Act. The suit was filed on Monday in U.S.

Law 314

Law Real Estate Real Property Contracts 314

Real Estate News

MAY 6, 2024

Fair housing advocates and AREAA filed a suit claiming a law prohibiting property sales to certain non-U.S. citizens puts agents in an untenable position.

Law 194

Law Agents 194

Appraisal Buzz

MAY 6, 2024

The U.S. Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), and government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac are now allowing home appraisals to get a second look when bias is suspected in the appraisal process. The rule change will enable borrowers to request a re-assessment of the appraised value of their property if they believe that the appraisal was inaccurate or biased, HUD says in a release.

Reconsideration of Value 195

Reconsideration of Value Valuation Appraisal Appraisal Process 195

Inman

MAY 6, 2024

Compass, The Real Brokerage, Realty One Group, At World Properties and Douglas Elliman had each already reached settlement agreements in the case, and the court has preliminarily approved those settlements.

Brokerage 147

Brokerage Realty Agents 147

Eyes on Housing

MAY 6, 2024

NAHB’s latest study on consumer preferences—What Home Buyers Really Want Study*— asked about the features and amenities buyers want in the home, but also about the type of community where they would like to live. The question is important because the home that successfully appeals to buyers doesn’t exist in a vacuum—it sits inside a.

Buyers 133

Buyers 133

Inman

MAY 6, 2024

Sidekick was developed by San Francisco-based boutique brokerage Avenue 8. It primarily uses a text interface to send commands to retrieve data, execute tasks and in many ways, function as a common, “visual” interface would. It's now offered to members of SFAR.

Brokerage 157

Brokerage Development Realtors Technology 157

Eyes on Housing

MAY 6, 2024

In March, residential building workers’ wages continued to grow but at a relatively slower pace. After an acceleration of a 6.2% increase in the previous month, the year-over-year (YOY) growth rate for residential building worker wages slowed to 5.1% in March. According to the Bureau of Labor Statistics (BLS) report, average hourly earnings (AHE) for.

Construction 87

Construction 87

Inman

MAY 6, 2024

While we like to create goals and supportive strategies several months before the end of the year, coaches Emily Bossert and Melanie Klein write, there’s no time like the present to create and benefit from a comprehensive business plan.

Business 148

Business Agents 148

GoForrmz

MAY 6, 2024

“ I am the president of the GoFormz fan club! ” — Carmen Chestnut, Co-Founder, 360 Global Transportation About 360 Global Transportation With over two decades of experience, 360 Global Transportation specializes in providing trucking and distribution services. Their specialty lies in crafting logistics solutions customized to the needs of medium to large corporations and government entities.

Transportation 78

Transportation Logistics Government Business 78

Inman

MAY 6, 2024

Powered by the latest polling results from the Inman Intel Index, this wide-ranging guide explores how brokerages are steeling themselves for a new type of client: the buyer's-fee-evading seller.

Sellers 139

Sellers Brokerage Agents Buyers 139

BiggerPockets

MAY 6, 2024

If, like me, you check mortgage interest rates like an expectant parent checks their wife’s contractions, you doubtless will have analyzed every type of loan product in an attempt to inch the […]

Contracts 79

Contracts Mortgage 79

Inman

MAY 6, 2024

At the Realtors Legislative Meetings on Sunday in Washington, D.C., the National Association of Realtors President spontaneously fielded tough questions about the trade group's proposed antitrust settlement.

Realtors 158

Realtors Brokerage Agents 158

BiggerPockets

MAY 6, 2024

A mayor in handcuffs, a bankrupt city mired in poverty, unemployment, and soaring crime: 10 years ago that was Detroit’s legacy. Today, it is a real estate success story.

Investors 75

Investors Real Estate 75

Inman

MAY 6, 2024

As an agent for more than 15 years, owner of The Young Team and CEO of Fello, Ryan Young feels deeply passionate about helping agents scale their business through listings.

Agents 164

Agents Business 164

Mashvisor

MAY 6, 2024

Running a full-time, short-term rental business isn’t for the weak. With constant check-ins and availability updates, hosting a vacation rental can easily become a full-time job.

Investing 73

Investing Business 73

Inman

MAY 6, 2024

In 1930, the state of Texas adopted “friendship” as its motto. And while the perpetually congenial Kim Bedwell — Global Real Estate Advisor at Briggs Freeman Sotheby’s International Realty in Dallas-Fort Worth, Texas — embodies this welcoming spirit, it shouldn’t be conflated with an absence of dogged ambition.

Realty 151

Realty Real Estate 151

Lamacchia Realty

MAY 6, 2024

WHY YOU NEED A REAL ESTATE ATTORNEY WHEN BUYING A HOME When buying a home, you might wonder, “Do I need a real estate attorney, or is my real estate agent enough?” Before we dive into the details, let’s talk about what services a real estate attorney can provide. When you hire a real estate attorney, you’re getting someone who is licensed to practice law with industry specific experience.

Real Estate 70

Real Estate Legal Law Contracts 70

Inman

MAY 6, 2024

The iBuyer lost $17.5 million between January and March, according to an earnings call Monday afternoon. However, that represents a 71 percent improvement compared to a year earlier.

Technology 137

Technology Marketing 137

BiggerPockets

MAY 6, 2024

It's still possible to make a profit while flipping in today's market. These five factors will help increase the ROI on your next fix and flip project.

Marketing 62

Marketing 62