Housing Wire

JANUARY 26, 2024

The past three years in the mortgage industry were cutthroat, with origination volume shrinking, and while things are looking better for 2024 , lenders are still in a position where they must make bold moves to stem losses on the production side of the business, according to a report from Stratmor Group , a mortgage advisory firm. More than half of mortgage executives who participated in Stratmor’s recent survey indicated that they do not believe their companies have turned the corner to b

Mortgage 466

Mortgage Contracts Business 466

Real Estate News

JANUARY 26, 2024

NAR says ThePLS.com, which sued the association and three major MLSs, is dismissing the case. But the door is open for it to refile this year.

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Housing Wire

JANUARY 26, 2024

Pending home sales rose 8.3% month over month in December, according to the newest data from the National Association of Realtors (NAR). It was the largest monthly jump in pending home sales since 2020. NAR’s Pending Home Sales Index (PHSI) increased to 77.3 in December, up from 71.6 in November. On a year-over-year basis, pending sales were up 1.3%.

Contracts 458

Contracts Housing Market Construction Inventory 458

Real Estate News

JANUARY 26, 2024

Traffic data from Comscore showed Zillow with twice as many visitors as second-place Realtor.com, while Homes.com appeared to lose some ground.

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Housing Wire

JANUARY 26, 2024

Sparks and personal insults flew between Anthony Lamacchia , the broker-owner of Lamacchia Realty , and Michael Ketchmark, the lead attorney for the plaintiffs in the Sitzer-Burnett commission lawsuit , during their virtual debate hosted by HousingWire on Friday afternoon. The hourlong debate began with both participants discussing their motivations for participating.

Realtors 441

Realtors Law Agents Real Estate 441

Real Estate News

JANUARY 26, 2024

The uptick in pending homes is a “promising” sign of life in a market that has been sidelined by low inventory and high home prices.

Inventory 239

Inventory Marketing 239

Inman

JANUARY 26, 2024

With listings still in short supply, homebuyers are "dealing with an affordability shock" and new homes will play an outsize role in housing markets, Zonda Chief Economist Ali Wolf said at ICNY.

Housing Market 192

Housing Market Marketing Construction Inventory 192

Housing Wire

JANUARY 26, 2024

There were a total of 361 consumer complaints submitted to the Consumer Financial Protection Bureau (CFPB) related to the reverse mortgage industry during the calendar year 2023, according to a consumer complaint database maintained by the Bureau. Of those complaints, 167 had to do with “trouble during the payment process,” while other topics included payment issues (80), closing issues (63) and application problems (49).

Mortgage 441

Mortgage Finance Investing Business 441

Inman

JANUARY 26, 2024

At Inman Connect, Ed Zorn proposed mandating buyer representation agreements, killing the MLS compensation field, adding a concession field, and creating a fund to pay out settlements.

Real Estate 190

Real Estate Buyers Sellers Brokerage 190

Housing Wire

JANUARY 26, 2024

Nevada’s unusual commission lawsuit is no longer so unusual. When the copycat commission suit was initially filed in early January by Nevada home seller Nathaniel Whaley, the complaint named just Realtor associations and MLSs as defendants, making it stand out from the spate of other commission suits. But all of that changed on Thursday, when Whaley’s counsel filed an amended complaint naming 15 brokerages as defendants.

Brokerage 431

Brokerage Realty Realtors Sellers 431

Inman

JANUARY 26, 2024

AI-driven, personalized listings will include an immersive virtual tour experience and data will be used not just for sales and marketing, but also restorations, renovations and appraisals.

Renovations 187

Renovations Appraisal Marketing Tools 187

Housing Wire

JANUARY 26, 2024

The U.S. Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) issued a management alert this week, saying that the department has struggled to identify and prevent “improper payments” related to its programs for 11 consecutive years. The OIG advised HUD leadership to “address the Department’s longstanding challenges with identifying and preventing improper payments,” and that HUD “has been noncompliant with federal laws requiring agencies and departments to ide

Law 410

Law Development Tenants 410

Inman

JANUARY 26, 2024

The Dallas and Austin-based global network will allow athletes, entertainers and others to more seamlessly find homes across the world, with agents who specialize in meeting their unique needs.

Real Estate 180

Real Estate Agents Brokerage 180

Real Estate News

JANUARY 26, 2024

In a post on LinkedIn, eXp’s EVP of People implied that nearly three dozen people were laid off this week.

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Inman

JANUARY 26, 2024

Mike DelPrete examines how the number of mortgage loan originators on staff at disruptive mortgage companies can offer a leading indicator of financing demand.

Real Estate 180

Real Estate Finance Mortgage 180

Eyes on Housing

JANUARY 26, 2024

NAHB analysis of the most recent Quarterly Sales by Price and Financing report reveals that the all-cash purchases accounted for 8.4% of new home sales in 2023—a 1.3 percentage point decline over the year but still the second-highest share since 1991. In contrast, the share of new home sales backed by VA loans fell to a 16-year low of 4.8% in 2023.

Finance 174

Finance Lending Marketing Mortgage 174

Inman

JANUARY 26, 2024

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Brokerage 187

Brokerage Agents 187

Appraiserblogs

JANUARY 26, 2024

Damned if you do, damned if you don’t has become the new normal in the real estate appraisal profession. The government and those that write the rules have made it illegal (a punishable violation) to refuse an appraisal assignment in an area which consists primarily of non-whites. The government and those that write the rules also state the purpose of an appraisal is to determine the value of the home/property in its market setting, so an underwriter can make a lending decision.

Government 133

Government Lending Real Estate Appraisal 133

Inman

JANUARY 26, 2024

Ask the Agent is a web-based video production suite designed to help agents create short-form video resources for their clients, leads and colleagues.

Agents 183

Agents Design Clients Real Estate 183

BiggerPockets

JANUARY 26, 2024

As part of its goal to increase affordable mortgage access for homebuyers in the United States, Fannie Mae announced in December that it would accept attorney-opinion letters (AOLs) in place of title […]

Insurance 82

Insurance Mortgage 82

Inman

JANUARY 26, 2024

Based on early data from its Market Review, 2024 is already looking to be a promising year for vacation rentals after a frustrating 2023.

Marketing 187

Marketing 187

BiggerPockets

JANUARY 26, 2024

With house flipping activity remaining high across the country, many investors are wrestling with this question: Is house flipping ethical? There are two sides to the argument, both of which we detail here.

Investors 78

Investors 78

Lamacchia Realty

JANUARY 26, 2024

Friday, January 26 th , 2024- Chief Operating Officer Jackie Louh announced that Brandon Farrell has been promoted to Marketing and Media Strategy Manager for Lamacchia Companies. This promotion makes Brandon a member of the Leadership Team. Brandon has been with the company for 3.5 years when he joined as a photographer/videographer in 2020. As photographer/videographer, Brandon was announced as the Staff Star in November 2021.

Marketing 74

Marketing Luxury Properties Realty Real Estate 74

BiggerPockets

JANUARY 26, 2024

As an investor, you have many options when it comes to where you put your money. Trust deeds offer another way to get creative with your financing.

Real Estate 81

Real Estate Investing Finance Investors 81

Mortgagebroker News

JANUARY 26, 2024

Canadians' confidence in the economy and the housing market now in 'positive' territory

Housing Market 62

Housing Market Marketing 62

BiggerPockets

JANUARY 26, 2024

We’ve created an investing in commercial real estate for beginners guide to help you understand what it means to invest in commercial real estate and what it requires.

Real Estate 72

Real Estate Investing 72

Mortgagebroker News

JANUARY 26, 2024

The Bank of Canada has held rates steady for a fourth consecutive announcement

Mortgage 68

Mortgage 68

BiggerPockets

JANUARY 26, 2024

Have you given up on your New Year's resolutions yet? Did you achieve your goals last year? Goals are not enough—you have to take action, too.

Development 75

Development 75

Housing Wire

JANUARY 26, 2024

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. We’ve all heard the news: over 60,000 real estate agents left the profession in the first half of 2023. This exodus left many brokerages scrambling to replace them and upping their recruiting game. Whether you’re newly licensed or an experienced agent who had a productive year — if you’re looking for a change, it’s likely you’ve started receiving emails

Real Estate 421

Real Estate Brokerage Agents Real Estate Agent 421

Mortgagebroker News

JANUARY 26, 2024

Desjardins analyst highlights the challenges posed by the impending renewal cliff

Mortgage 64

Mortgage 64

Lamacchia Realty

JANUARY 26, 2024

January 26th, 2024 – This morning, Anthony Lamacchia talked with Boston25 News about the current state of the housing market. He discussed how the market performed in 2023, and what he predicts that will mean for buyers and sellers in 2024. Click here to watch his full segment, or check out the video to the right! Check out Anthony's 2024 Predictions here!

Marketing 36

Marketing Realty Housing Market Sellers 36

Mortgagebroker News

JANUARY 26, 2024

Since 2022, the average mortgage debt has increased by 1.

Mortgage 62

Mortgage 62

Appraisal Today

JANUARY 26, 2024

New USPAP Q&As January 16, 2024, the Appraisal Standards Board released new Questions and Answers covering important topics in the profession today including: Demographics Does demographic information relating to race (such as Census data) constitute “information relating to” a protected characteristic? Artificial Intelligence Question: What is an appraiser’s USPAP obligations when using artificial intelligence (AI) in an appraisal assignment?

Contracts 84

Contracts Appraisal Mortgage Inspection 84

Mortgagebroker News

JANUARY 26, 2024

Still, the central bank seems in no hurry to bring rates down

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