Housing Wire
JANUARY 16, 2024
Empty-nester baby boomers own roughly twice as many of the nation’s three-bedroom-plus homes as millennials with children, according to a report from Redfin published on Tuesday. The report is based on a Redfin analysis of U.S. Census data from 2022, that breaks down the share of three-bedroom-plus homes owned and occupied by each generation, by household type and size.
Real Estate News
JANUARY 16, 2024
Baby boomer households without children own nearly 3 in 10 homes with 3+ bedrooms — millennials with children own half that amount.
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Housing Wire
JANUARY 16, 2024
The latest copycat commission lawsuit alleges that real estate industry players in Nevada have colluded to artificially inflate real estate agent commissions. The suit was filed on Monday in U.S. District Court in Las Vegas by Nathaniel Whaley, who sold a home in Las Vegas in April 2022 and paid a buyer broker commission. The complaint names the National Association of Realtors , Las Vegas Realtors , Nevada Realtors , Sierra Nevada Realty , Incline Village Realtors , Elko County Realtors , Mesqu
Real Estate News
JANUARY 16, 2024
Identifying and understanding their agents’ strengths can help teams and firms align their business models accordingly, increasing success.
Housing Wire
JANUARY 16, 2024
After a multi-year decline in agent movement between brokerages , Relitix ’s Agent Movement Index shows a clear bottoming out in early fall of 2023 and increased real estate agent mobility as we move into 2024. “We can definitely call a bottom to the decline in agent movement,” said Rob Keefe, Relitix founder and president. “Agents will begin moving more between brokerages in 2024 as the market begins to normalize.
Real Estate News
JANUARY 16, 2024
Five additional firms, including Pacific Northwest powerhouse Windermere, join the growing list of defendants named in a Northern California case.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Real Estate News
JANUARY 16, 2024
This new class action case focuses on NAR and state associations but does not name any real estate brokerages.
Housing Wire
JANUARY 16, 2024
California-based fix-and-flip lender Anchor Loans launched a third-party originator (TPO) channel to serve mortgage brokers, banks, private and non-qualified mortgage (non-QM) lenders and other referral partners whose clients are home builders, developers and investors. Anchor Loans’ TPO channel will provide residential business purpose loan products – including bridge , fix and flip, ground-up construction and rental investor loans with debt service coverage ratio (DSCR), the firm said in a rel
Inman
JANUARY 16, 2024
Ahead of Inman Connect New York 2024, Mosaik founder and CEO Sheila Reddy talks about the future of artificial intelligence and how it can revolutionize the agent experience.
Housing Wire
JANUARY 16, 2024
Ginnie Mae intends to develop a new reverse mortgage-backed security product enabling the acquisition of loans from an HMBS pool above the existing 98% maximum claim amount (MCA) requirement, according to a new announcement. Released on Tuesday morning, the move is a further attempt to address the well-documented liquidity challenges that have been plaguing the reverse mortgage business for most of the past year, stemming from the late 2022 bankruptcy of Reverse Mortgage Funding (RMF), the run-u
Inman
JANUARY 16, 2024
If you want to be a top-performing agent in 2024 — one who stays for the long haul — prioritize skill development to best adapt to the changing market, author and coach Darryl Davis writes.
Housing Wire
JANUARY 16, 2024
The services of Finnish digital floor plan firm CubiCasa are now available subscribers of yet another multiple listing services. Realcomp MLS announced last Wednesday that its users now had free access to CubiCasa through an alliance with the proptech company. Agents and brokers who subscribe to the Michigan-based MLS will receive free customizable floor plans for properties up to 5,000 square feet that include room dimensions and total square footage and a 20% discount on optional add-ons inclu
Eyes on Housing
JANUARY 16, 2024
Over the first eleven months of 2023, the total number of single-family permits issued year-to-date (YTD) nationwide reached 843,654. On a year-over-year (YoY) basis, this is 8.5% below the November 2022 level of 921,626. Year-to-date ending in November, single-family permits declined in all four regions. The range of permit decline spanned 6.8% in the South to 12.6% in the West.
Housing Wire
JANUARY 16, 2024
A few days ago, the three main defendants— National Association of Realtors , Keller Williams and HomeServices —in the Sitzer/Burnett case filed two motions with the court. The first was a motion for judgement as a matter of law and the second was a motion for a new trial. These actions by the three firms are all a matter of public record. I have read them and talked with one of the defendants to get some clarification and an explanation of the basis of the filings.
Inman
JANUARY 16, 2024
The actor, who recently won a Golden Globe for her performance in Yorgos Lanthimos' "Poor Things," is selling a gated, Spanish-style home in LA's Comstock Hills neighborhood.
Housing Wire
JANUARY 16, 2024
When the Association of Independent Mortgage Experts (AIME)’s CEO Katie Sweeney established Broker Action Coalition (BAC) – AIME’s grassroots network that initiates communications between mortgage brokers and their legislators – in 2022, it was initially to gauge the industry’s appetite for advocacy and reform. “Part of the goal of the association was to make sure that we were diversifying our areas of focus and creating influence across the industry in a variety of spaces, with advocacy being t
Appraiserblogs
JANUARY 16, 2024
Appraisal reviews for $3 each and 1-2 hour turn times. It’s hard to imagine any appraiser accepting these terms, and it’s hard to imagine any lending institution accepting these as valid reviews. It’s incredibly disrespectful to the profession as they tout efficiency. This is Sean from Reckon Data Solutions, LLC, and I’m reaching out to discuss a potential partnership opportunity that could complement your company’s objectives.
Housing Wire
JANUARY 16, 2024
In October, Google announced coming changes to their email deliverability policy. Other providers like Yahoo and AOL have made similar announcements and will tighten their SPAM filters. The changes are set to take effect in February. If you’re currently using email as a form of marketing , staying abreast of these changes and adjusting your strategy accordingly will keep you out of the spam box.
Inman
JANUARY 16, 2024
LA-based boutique firm ACME Real Estate has partnered with award-winning builder Comstock to launch Nelavida. ACME is in charge of sales and design direction.
Eppraisal
JANUARY 16, 2024
A starter home is a modest, affordable first home. The common challenge? Limited storage space means getting creative with furniture and organization to make it spacious and friendly. Decluttering and Organizing Starter homes are in demand nowadays. Towards the end of 2019, the typical cost of starter homes hovered around $219,300 , while in June 2023, the median price for existing home sales hit $410,000 , marking the second-highest recorded amount.
Inman
JANUARY 16, 2024
The pop star sold the secluded home to Bad Bunny in an off-market deal for $8.3 million, well below the $8.9 million she paid for it in 2021.
BiggerPockets
JANUARY 16, 2024
How much passive income would you need to quit your job? How many rental properties would you have to buy?
Inman
JANUARY 16, 2024
Team leader Carl Medford and his regional leadership mastermind have developed these 10 strategies to help you return to the fundamentals so that you're ready to take on the challenges and opportunities that 2024 has in store.
Mortgagebroker News
JANUARY 16, 2024
Many Canadians believe that the impact of high interest rates on their spending is "just beginning," new poll suggests
Inman
JANUARY 16, 2024
Landlords are confronting the fact that their commercial real estate holdings are becoming increasingly obsolete.
Will Springer Realtor
JANUARY 16, 2024
We are at a critical juncture in the evolution of Washington residential real estate. Innovation, equity and a realignment of ideals are taking shape. Notably, 2024 marks the start of a transformative journey as the state addresses – like no other time in history – racial inequities within the housing sector. From untangling historical injustices to pioneering financial support, Washington is rewriting the important narrative of homeownership.
Inman
JANUARY 16, 2024
Overmoon, a company in the increasingly popular vacation rental market, is off to a stellar start in 2024, having secured $80 million in debt and equity funding to launch their tech-enabled solution for owners of vacation rentals, or those who inspire to be.
Mortgagebroker News
JANUARY 16, 2024
Canadian asking rents have substantially increased over the past two years, report suggests
Housing Wire
JANUARY 16, 2024
A reverse mortgage may be a viable financial instrument to help pay for older Americans’ long-term care priorities, but they — and their implications on entitlement eligibility — need to be fully considered. This is according to a new column at MarketWatch , comparing reverse mortgage product features to other potential options and enlisting commentary from an eldercare attorney.
Mortgagebroker News
JANUARY 16, 2024
Surging mortgage interest costs were a key factor
Housing Wire
JANUARY 16, 2024
Optimal Blue ’s newly launched mobile app for the Optimal Blue PPE – one of the industry’s most widely used product, pricing and eligibility engine – gives loan officers full product and search capabilities from their mobile phones. By giving loan officers the flexibility to access scenario pricing from any location, the Optimal Blue mobile app is expected to help with timely and borrower conversations, the company said.
Mortgagebroker News
JANUARY 16, 2024
A turbulent past was instrumental in the formation of the mantra, "Build community, not customers"
Housing Wire
JANUARY 16, 2024
The U.S. real estate housing market signals have been gradually building for a couple of months. Home sellers are starting to ease back into the market, new listings are finally exceeding the levels of a year ago. As a result, we’re starting to see slightly more available supply of homes on the market. This is an expansion of the market from incredibly restricted levels last year.
Mortgagebroker News
JANUARY 16, 2024
The region remains among the priciest real estate markets in Canada
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