Housing Wire
NOVEMBER 3, 2023
When it comes to marketing your real estate business, video is king. Global statistics from 2023 show that people watch videos an average of 100 minutes a day, with millennials — the largest share of homebuyers in the U.S. — spending 10 to 20 hours a week watching videos. From short Instagram reels to longer videos on YouTube , video is here to stay.
Real Estate News
NOVEMBER 3, 2023
The pace of jobs and wages slowed in October, which may reduce inflation and potentially knock down mortgage rates in time for the spring selling season.
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Housing Wire
NOVEMBER 3, 2023
The jobs report today which should move mortgage rates lower, demonstrates why it’s time for the Federal Reserve to land the plane. The labor market doesn’t show wages spiraling out of control as it did in the 1970s because the inflation data doesn’t look like anything in the 1970s. We had a solid job openings print this week and jobless claims are still near historic lows.
Real Estate News
NOVEMBER 3, 2023
The Sitzer/Burnett verdict has the industry bracing for a sea change. But leaders at Zillow and Homes.com say MLSs add value and can’t simply be torn down.
Housing Wire
NOVEMBER 3, 2023
Texas-headquartered lender and servicer Mr. Cooper pointed to a cybersecurity incident that forced the company to lock down certain technology systems including access to its online payment portal. “On October 31, Mr. Cooper became the target of a cyber security incident and took immediate steps to lock down our systems in order to keep your data safe.
Real Estate News
NOVEMBER 3, 2023
CEO Glenn Sanford acknowledged the challenging market, but said eXp has increased market share and added agents even as revenue remains flat.
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Inman
NOVEMBER 3, 2023
After breaching 8 percent in mid-October, 30-year fixed mortgage rates have plummeted to levels not seen since September as more investors expect Fed policymakers to lower rates in the spring.
Housing Wire
NOVEMBER 3, 2023
Anywhere Real Estate partnered with agent-client collaboration platform RealScout to allow the company’s affiliated real estate agents and franchise owners “to engage, nurture, and convert clients at each stage of the real estate journey,” according to an announcement on Friday. The RealScout platform will be available across all of Anywhere’s brands, such as Century 21, Coldwell Banker and Sotheby’s International Realty.
Inman
NOVEMBER 3, 2023
NextHome CEO James Dwiggins points out that the final chapter of the bombshell commission lawsuits hasn't been written in this interview with Bernice Ross. Find out what you need to know to plan ahead.
Housing Wire
NOVEMBER 3, 2023
The Consumer Financial Protection Bureau (CFPB) this week published a report analyzing state-level community reinvestment laws and ways they promote reinvestment activities for entities including mortgage companies. The 32-page report features details about the ways state governments aim to ensure financial institutions’ lending, services and investment activities meet the credit needs of their local communities, including mortgage companies, credit unions and banks.
Inman
NOVEMBER 3, 2023
RealtyTek is a mobile app for real estate agents and their customers to help automate transaction business functions, but it struggles with growing pains in a few critical places.
Housing Wire
NOVEMBER 3, 2023
In light of the recent verdict in the Sitzer/Burnett commission lawsuit , RE/MAX executives expressed great satisfaction about their decision to settle the suit — as well as the Moehrl and Nosalek lawsuits — for $55 million before it headed to trial. “While it came as a significant financial cost, we believe it was absolutely the best decision for all of our stakeholders, affiliate, employees, shareholders, and debt holders alike,” Steve Joyce, RE/MAX’s CEO, told investors and analysts during th
Inman
NOVEMBER 3, 2023
Jimmy Burgess helps you tackle your stinkin' thinkin' and elevate your vibration with positive attitude techniques that can transform the way you do business.
Housing Wire
NOVEMBER 3, 2023
Non-bank originator Change Lending will continue to originate non-qualified mortgages ( non-QMs ) for underserved borrowers after it reached a tentative deal with the U.S. Department of Treasury that would keep the firm certified as a Community Development Financial Institution (CDFI). The CDFI certification is a designation given by the Treasury Department CDFI Fund to specialized organizations that provide financial services to low-income communities and people who lack financing.
Inman
NOVEMBER 3, 2023
Two or more smaller apartments being combined to make one bigger living space has cost the city over 100,000 housing units according to "The New York Times.
Housing Wire
NOVEMBER 3, 2023
eXp World Holdings executives did not mention the Sitzer/Burnett verdict in their third quarter earnings presentation on Thursday, but analysts wanted to hear their thoughts on the potential implications. In response, Glenn Sanford, the founder and chief executive of the company, which is parent to eXp Realty , expressed concern about low-income homebuyers who may not be able to afford representation “if the rules change too much.
Inman
NOVEMBER 3, 2023
With Inman Top 5, you'll find the week's most essential stories, as chosen by our readers. Here are the most-read articles for Oct. 27 - Nov. 2, 2023.
Housing Wire
NOVEMBER 3, 2023
The process of finding, buying and owning a home today is disjointed, antiquated and messy. homegenius Real Estate understands the need to deliver differentiated value in a very congested market. That’s why they’ve introduced the homegenius Platform, an integrated solution consisting of advanced technology , data science, machine learning and AI designed to drive value and bring ease to consumers through the home buying and selling journey.
Eyes on Housing
NOVEMBER 3, 2023
Job growth decelerated in October. Total nonfarm payroll employment increased by 150,000 and the unemployment rate edged up to 3.9% in October from 3.8%. The labor market is cooling. The Fed held interest rates steady for the second meeting in a row at the conclusion of its November meeting. This month’s employment data will be one of the key components.
Housing Wire
NOVEMBER 3, 2023
October job gains significantly cooled compared to September, falling back under the average monthly gain of 258,000 over the prior 12 months. Total nonfarm payroll employment increased by 150,000 jobs in October, half of the number posted in September , according to data released by the Bureau of Labor Statistics. Meanwhile, the unemployment rate rose slightly to 3.9%, aligning with the Fed’s projection for 2023 of 3.8%.
Appraiserblogs
NOVEMBER 3, 2023
We will call it “AGENT MANAGEMENT COMPANY”. We will ensure that the use of runners is prohibited… Public trust. It’s a real thing. It appears that this recent lawsuit that the NAR LOST has exposed antitrust, collusion and price fixing between agents. I am thinking about creating a new AMC. We will call it an “AGENT MANAGEMENT COMPANY”. We will create a buffer per say between the buyers agent and the sellers agent thereby protecting the buyer and seller.
Housing Wire
NOVEMBER 3, 2023
Real estate commissions are under the microscope. With the scrutiny of The Department of Justice and the Federal Trade Commission and multiple lawsuits concerning how buyers’ brokers get paid, many brokers say it feels like an all-out war on the real estate industry. But, there are steps that both brokers and agents can take to minimize the damage of a worst-case scenario.
Inman
NOVEMBER 3, 2023
This week, we're breaking down the aftermath of that $5 billion verdict in favor of the plaintiffs in Sitzer | Burnett.
BiggerPockets
NOVEMBER 3, 2023
The latest meeting of the Federal Reserve has confirmed expectations that it would hold rates at their current levels. Key interest rates will remain in the range of 5.25% to 5.
Lamacchia Realty
NOVEMBER 3, 2023
Lamacchia Realty, Inc. has released its “Top Producing REALTORS®,” for October 2023! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! October 2023 Winners of the Top 10 for the Company are: Leslie Storrs Tondreau transitioned into real estate after 11 years of teaching.
Mortgagebroker News
NOVEMBER 3, 2023
The Atlantic Canada-based lender has drawn on strong experience and industry connections in its first months in operation
Appraisal Today
NOVEMBER 3, 2023
Changes to the 2024 USPAP Improve Clarity Surrounding Nondiscrimination Excerpts: Revising the ETHICS RULE with a Nondiscrimination section To provide clarity and eliminate concerns, the ASB removed the previous ETHICS RULE language regarding supported and unsupported conclusions, and crafted a new Nondiscrimination section which clearly indicates to appraisers and stakeholders that discrimination is prohibited.
BiggerPockets
NOVEMBER 3, 2023
Home prices reached a new record, according to the latest Case-Shiller Index report. These cities are on the rise.
Mortgagebroker News
NOVEMBER 3, 2023
Most builders say that elevated interest rates have forced them to build fewer units recently
BiggerPockets
NOVEMBER 3, 2023
What is ARV in real estate? You’ve heard the term before but might not know what it means.
Mortgagebroker News
NOVEMBER 3, 2023
New initiative likely to be unveiled in coming weeks
Eppraisal
NOVEMBER 3, 2023
After a Federal jury found the National Association of Realtors and several large brokerages colluding to inflate commissions this week, we thought we'd take a look at a couple of the current technologies that are moving the industry towards a fully automated process for buying and selling. In recent years, the real estate industry has witnessed a paradigm shift in the way homes are bought and sold.
Mortgagebroker News
NOVEMBER 3, 2023
Labour market tightness continues to ease
Mashvisor
NOVEMBER 3, 2023
In this article, we have chosen the 10 best landlord insurance companies for investors in the US residential real estate market.
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