Mon.Jul 08, 2024

article thumbnail

Owning Manhattan? How much business SERHANT.’s agents really do

Housing Wire

Since launching in late June, Ryan Serhant’s latest reality TV venture “ Owning Manhattan ” on Netflix , has become quite the phenomenon. Despite debuting on June 28, the show cracked Netflix’s top-10 most streamed shows in the U.S. for the week ending on June 30. The show stars Serhant, who is no stranger to reality TV, having spent a decade starring in Million Dollar Listing New York , among other shows, and several of SERHANT.’s agents and team leaders.

Agents 528
article thumbnail

Report: Homebuyer Sentiment on the Rise

Appraisal Buzz

/*! elementor – v3.22.0 – 26-06-2024 */.elementor-widget-text-editor.elementor-drop-cap-view-stacked.elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed.elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default).elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default).elementor-drop-cap-let

Mortgage 399
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

2024 RealTrends GameChangers saw tremendous growth over last five years

Housing Wire

These brokerage firms and leaders are changing the game in real estate. Every year, RealTrends chooses GameChangers based on five-year, transaction side percentage data from the RealTrends Verified 500. This year, we chose seven independent brokerage firms and 10 franchises who grew their businesses at astronomical rates. United Real Estate topped the charts with 727% growth.

Brokerage 417
article thumbnail

Home Prices Hit All-Time High

Appraisal Buzz

According to a brief report from Redfin News, pending home sales posted their biggest decline since February in June of this year—good news for prospective buyers as there are more new listings to choose from, and monthly housing payments are down around $100 from their peak in April due to declining, but still relatively high, mortgage rates. While Redfin did not post an in-depth analysis of this news this news cycle, they did still report the latest housing market data via charts and graphs.

article thumbnail

Consumers expect home-price growth to slow down: The Fed

Housing Wire

Despite a spate of reports showing the cost of housing increasing, consumers have a slightly rosier view of future home-price growth. That’s according to a new consumer survey from the Federal Reserve that shows respondents believe that home-price growth will be 3%. That’s down from 3.3% in last month’s survey and back to the 12-month trailing average.

article thumbnail

Most good things change, and most change is good!

Appraisal Buzz

Over the years, many things in the appraisal profession have come and gone. Things that were once all the rage – have since fallen into the ranks of the old and obsolete. I remember as a young appraiser when Polaroid film was the standard, then 35MM, and now digital cameras, or even a phone or tablet. Fax machines with shiny paper that would curl up with red streaks marking the end of the roll was replaced by email, instant messaging and online portals.

More Trending

article thumbnail

Consumer Sentiment Toward Housing Market Crawled Up Slightly in June

Appraisal Buzz

Consumer sentiment toward the housing market improved slightly in June but remained historically low as higher mortgage rates and soaring home prices continued to stagnate home sales. Fannie Mae’s Home Purchase Sentiment Index (HPSI) increased 3.2 points to a score of 72.6 , rebounding from a dip that came in May. As per the monthly survey, 19% of consumers say it’s a good time to buy a home, up from 14% in May, which represented a new survey low.

article thumbnail

Navigating the narrative: Strategic messaging for mortgage banking executives

Housing Wire

In the ever-evolving landscape of mortgage banking, executives face the critical challenge of leading their teams through turbulent times. The current market, characterized by the “higher for longer” scenario, presents unique obstacles: originators grapple with lower production, low housing inventory, and high rates, while operations professionals endure layoffs and relentless pressure to achieve more with less.

Mortgage 417
article thumbnail

VA Issues Grants in the Fight Against Homelessness

Appraisal Buzz

The U.S. Department of Veterans Affairs (VA) has awarded $26.8 million in legal services grants to a total of 108 public and non-profit organizations, all with the goal of increasing access to legal services for eligible U.S. veterans experiencing or at risk for homelessness. Click here to view the list of grant award recipients. The VA home loan program, which recently celebrated its 80th anniversary , has provided more than 28 million loans to veterans to date.

Legal 221
article thumbnail

Newrez imposes another round of layoffs

Housing Wire

Top-five mortgage lender Newrez , owned by asset manager Rithm Capital , has imposed another round of layoffs affecting 265 employees in Colorado and Arizona, per documents sent to state authorities. That’s the third round this year, following the acquisition of Computershare Mortgage Services and its affiliate Specialized Loan Servicing (SLS ) for $720 million in October 2023, which brought some redundancies to its structures.

article thumbnail

Candor Technology Hires Eric Rawlings as its CTO

Appraisal Buzz

Eric Rawlings has joined Candor Technology , a provider of AI-driven loan underwriting and quality control solutions for mortgage lenders, as chief technology officer. Rawlings has a wealth of experience and a proven track record of driving technological excellence across diverse industries. He is an IT leader with over two decades of experience, particularly in disaster recovery, governance, risk management, and compliance (GRC), among other technical skills.

article thumbnail

NRMLA president talks HMBS 2.0 term sheet and its potential impact

Housing Wire

At the National Reverse Mortgage Lenders Association (NRMLA) Eastern Regional Meeting in May, Acting Ginnie Mae President Sam Valverde said that the government-owned company planned to release a term sheet for a newly proposed Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program sometime in the next month. After the industry’s secondary market was rocked by the collapse of Reverse Mortgage Funding (RMF) in 2022, Ginnie Mae went to work in an effort to bring more stability to t

article thumbnail

Business Intelligence and Mortgage CRM Provider Aidium Launches 24/7 Customer Support

Appraisal Buzz

Aidium , which offers a business intelligence and mortgage CRM platform, has launched its 24/7 customer support service, ensuring mortgage professionals have access to real-time assistance whenever needed. With mortgage professionals often working beyond standard business hours, continuous support becomes crucial. Aidium’s new 24/7 support service ensures lenders can resolve issues and receive assistance without delays, helping maintain productivity.

Business 195
article thumbnail

Restoration of historic Frank Lloyd Wright home complicated by reverse mortgage

Housing Wire

An historic home in Chicago ’s Austin neighborhood designed by architect Frank Lloyd Wright in 1903 is in serious need of repairs and renovations, but an existing reverse mortgage loan is complicating the process of initiating the work. This is according to original reporting by Crain’s Chicago Business and subsequent coverage from The Real Deal (TRD).

Mortgage 398
article thumbnail

ATTOM: Homeownership Became Less Affordable in Q2

Appraisal Buzz

Major homeownership expenses – including mortgage payments, property taxes and insurance – now consume about 35% of the average wage nationwide, according to ATTOM’s U.S. Home Affordability Report. “The latest affordability data presents a clear challenge for home buyers,” says Rob Barber, CEO for ATTOM, in the report. “While home prices are increasing and mortgage rates remain relatively high, these factors are making homes less affordable.

article thumbnail

CHLA calls on CFPB to take action against trigger lead calls

Housing Wire

The Community Home Lenders of America (CHLA) on Monday submitted a letter to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra , urging the agency to more forcefully go after trigger lead solicitations. To cement the point, CHLA is calling such solicitations “junk calls,” echoing the language of the campaign the Bureau has waged against “junk fees.

article thumbnail

Consumers are (slightly) more optimistic about buying a home

Real Estate News

Bucking industry trends, consumer sentiment is at the highest level in more than two years, according to Fannie Mae’s latest survey.

262
262
article thumbnail

Lone Wolf: We just launched the “first true end-to-end platform in real estate”

Housing Wire

Real estate technology provider Lone Wolf announced the official launch of its new platform Lone Wolf Foundation on Monday. The firm first announced the creation of the platform at T3 Sixty’s Tech Summit in 2023. According to the company, the platform brings Lone Wolf’s website building capabilities, as well as CRMs , comparative market analyses, open house planning, transaction management, back office work and accounting all into one place.

article thumbnail

Court sets deadline for appeals in brokerage settlements

Real Estate News

A status update in the 5-year-old Moehrl case says any objections to the deals must be filed next month, while HomeServices continues to hash out its agreement.

Brokerage 208
article thumbnail

Real estate is a new industry. Are you ready?

Inman

Change can be a scary word. For many of us, it conjures the image of something sudden and unexpected, a situation we weren’t prepared to face, an environment we aren’t comfortable with.

article thumbnail

CoStar CEO calls trade secrets suit ‘laughable,’ looks to future

Real Estate News

Andy Florance told Real Estate News that a former Realtor.com employee is a ‘pawn’ in a broader dispute, and the bigger picture involves global expansion.

article thumbnail

Is this the death of the flat fee broker?

Inman

While traditional models struggle to adapt to changing agent and consumer expectations, Epique Realty is setting new standards with its all-inclusive approach, outpacing both discount and flat fee brokerages in virtually every metric.

Realty 172
article thumbnail

2023 Multifamily Construction: Growing Share of Low-Medium Density Buildings

Eyes on Housing

Reaching the highest level of multifamily completions since 1987, 450,000 multifamily units were completed in 2023, with 216,000 units completed in buildings with fewer than 50 units according to NAHB Analysis of the Census Bureau’s Characteristics of Units in New Multifamily Buildings Completed. This was the highest number of units in such buildings since 2006.

article thumbnail

Zoom in closer: 4 regional housing insights from the Inman Intel Index

Inman

These times have been hard on nearly every real estate business. But different parts of the country report unique challenges and business approaches, as illustrated by Intel’s monthly gauge of industry sentiment.

article thumbnail

12 proven real estate scripts that boost confidence & earn more business

Housing Wire

As a broker and real estate coach, I’m always surprised when new agents tell me they don’t want to use real estate scripts. A script is just a predetermined question or response that helps guide a conversation closer to your desired outcome. Knowing what you’ll say in advance on a call, at an open house, or just chatting with your sphere makes you more confident — and confidence is the key that opens the door to opportunity in real estate.

article thumbnail

Lesson Learned: Stay off the real estate rollercoaster

Inman

Find out what NYC associate broker Bill Kowalczuk has learned during his years in the business and what he'd be doing if he weren't in real estate.

article thumbnail

A Revised Affordable Housing Law In Florida Takes Opportunities Away From Developers

BiggerPockets

A revision to Florida's Live Local Act reduces incentives for developers and increases building restrictions.

article thumbnail

Fraud allegations against rental owners reach new high

Inman

Regulators and prosecutors are cracking down on landlords who've been falsifying income and expense data on crucial loan documents, according to a new feature published by "The Wall Street Journal.

Landlords 148
article thumbnail

Airbnb Bans Only Make Tourism More Expensive. Just Ask New York.

BiggerPockets

New data from New York City shows that short-term rental bans haven't moved the needle on housing at all.

81
article thumbnail

Beneficial owner reporting: What business owners need to know

Inman

Wealth manager Michael Conticelli writes that agents must understand ownership rights to ensure they are using correct documentation and contracts for legal compliance.

Business 145
article thumbnail

5 Ways to Find Off-Market Real Estate Deals Like a Pro

BiggerPockets

Off-market deals can be a huge source of great deals, if you can find them.

article thumbnail

5 losing strategies that will ruin team relationships 

Inman

Running a team is like leading a family, team leader Carl Medford writes. It takes concerted efforts to keep relationships intact and functioning in a healthy way.

Brokerage 146
article thumbnail

OSFI postpones stricter bank capital rules

Mortgagebroker News

Regulator delays new risk calculation rules amid lending concerns

Lending 77
article thumbnail

REColorado buyer unveiled as questions and legal fights persist

Inman

The owners of the 16th largest MLS in the country plan to sell to a title company executive. But an agent and local leader has received a cease and desist letter over her criticisms of the deal.

Legal 138