Housing Wire

MARCH 20, 2024

Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. This misconception obscures the reality that, historically, buyers lacked formal representation. Initially, the entire commission percentage was pocketed by the listing agent, who solely represented the seller’s interests.

Real Estate 479

Real Estate Buyers Agents Sellers 479

Sacramento Appraisal Blog

MARCH 20, 2024

Everyone is talking about the National Association of Realtors (NAR) lawsuit settlement, and I have a few thoughts too. It’s important to cultivate objectivity and keep some things in mind about buyers, sellers, and concessions. UPCOMING SPEAKING GIGS: 3/21/24 2024 Market Update for Brent Gove Team (big event free) 3/26/24 Orangevale MLS meeting 9am 4/11/24 […] The post Some things on my mind about the NAR lawsuit first appeared on Sacramento Appraisal Blog.

Realtors 344

Realtors Sellers Buyers Appraisal 344

Housing Wire

MARCH 20, 2024

The Federal Reserve ’s Federal Open Markets Committee (FOMC) held its short-term policy interest rate steady at a range of 5.25% to 5.5% for a fifth straight meeting on Wednesday. “The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2%,” according to the FOMC statement. “In addition, the Committee will continue reducing its holdings of Treasury securities and agency de

Investors 458

Investors Mortgage Marketing Finance 458

Real Estate News

MARCH 20, 2024

Now the lone defendant in at least two cases, the brokerage vows to "aggressively pursue options" to resolve litigation even as it faces billions in damages.

Brokerage 245

Brokerage 245

Housing Wire

MARCH 20, 2024

Friday’s bombshell – the National Association of Realtors ‘ proposed $418 million settlement of real estate commission lawsuits – set off a frenzy of trading for stocks in the residential real estate sector. Trading volumes in eight residential brokerage or listings companies rocketed up 319% to almost 80 million shares on Friday.

Investors 454

Investors Agents Real Estate Buyers 454

George Dell

MARCH 20, 2024

Appraiser education is about a proven and “well-established” process! Developed nearly 100 years ago! The idea is to balance demand on supply, then explain where the subject fits. 1930s: Find some comps, compare, conclude. 2000s: Pick some comps, adjust to fit, conclude. Yesterday: Pick good comps, adjust, adjust, conclude. The embedded old ways obstruct modern […] The post Education Stagnation Repudiation?

Modernization 195

Modernization Development Appraisal 195

Real Estate News

MARCH 20, 2024

Plaintiffs ask for more time to respond to the DOJ following NAR’s announcement, which could affect the existing deal in the Nosalek case.

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232

Housing Wire

MARCH 20, 2024

One of the major takeaways from Federal Reserve Chair Jerome Powell’s Wednesday news conference was that officials still expect interest rates to come down three times this year, indicating that recent higher-than-expected inflation numbers haven’t been enough to derail previous forecasts. As widely anticipated, central bankers left the benchmark interest rate steady at 5.25% to 5.5%.

Mortgage 440

Mortgage Government Lending Investors 440

Eyes on Housing

MARCH 20, 2024

Continuing NAHB’s commitment to be at the forefront of research on home buyer preferences, the 2024 edition of What Home Buyers Really Want was recently released at the International Builders’ Show. The primary objective of the study is to provide builders, manufacturers, architects, and the general residential construction industry with a thorough analysis of what.

Buyers 195

Buyers Construction 195

Housing Wire

MARCH 20, 2024

Reverse mortgage industry veteran Tane Cabe recently left his position at Fairway Independent Mortgage Corp.’s reverse division to transition back into a role as a reverse mortgage broker. He joined C2 Financial ’s reverse division in a move that he says helped to return him to his “roots.” RMD caught up with Cabe recently to learn about why he made the transition back to being a broker.

Development 431

Development Mortgage Tools Loan Officers 431

Inman

MARCH 20, 2024

The verdict in the monumental Sitzer | Burnett commission case in Missouri — plus oversight by federal regulators — has splintered the industry as it scrambles to figure out how to move forward.

Real Estate 180

Real Estate Realty Realtors Brokerage 180

Housing Wire

MARCH 20, 2024

About 65 mortgage professionals have not transitioned from AmCap Home Loans to its acquirer, CrossCountry Mortgage (CCM), and rival New American Funding (NAF) has hired the AmCap personnel to expand its business in Texas, the lender announced last week. Industry veteran Tom Boyd became a divisional executive vice president at NAF in December after spending more than 10 years at AmCap, where his prior job was as division president.

Mortgage 428

Mortgage Loan Officers Inventory Finance 428

Inman

MARCH 20, 2024

After two consecutive weeks of rising demand, applications for purchase mortgages dropped by a seasonally adjusted 1 percent last week compared to the week before, and 14 percent from a year ago.

Mortgage 180

Mortgage Marketing 180

Housing Wire

MARCH 20, 2024

Ally Home , the residential mortgage lending arm of Ally Bank , is offering a $5,000 grant for eligible homebuyers in the select markets of Charlotte, Detroit and Philadelphia, the company announced on Tuesday. The upfront lump sum can be applied toward a down payment, closing costs or other expenses related to the homebuying process. Ally is partnering with HouseCanary, a tech-forward appraisal firm, to help consumers identify grant-eligible properties using the Ally ComeHome search portal.

Technology 418

Technology Tools Lending Marketing 418

Inman

MARCH 20, 2024

Most brokerage leaders in February still expected to be better-staffed this time next year, the Intel Index found. But that optimism was weakening even before NAR's $418M settlement Friday.

Brokerage 176

Brokerage Agents Marketing 176

Housing Wire

MARCH 20, 2024

Figure Lending LLC is now operating under the umbrella of Figure Technology Solutions , independent of CEO Mike Cagney ’s Figure Technologies. Figure Technology Solutions will focus on developing and distributing its proprietary, technology-enabled platform to partners and investors in the home equity lending ecosystem, the fintech firm announced earlier this week.

Lending 415

Lending Technology Investors Development 415

Inman

MARCH 20, 2024

In addition to anticipating three rate cuts this year, Federal Reserve policymakers are considering whether to taper the pace at which they unwind the central bank's $7 trillion balance sheet.

Mortgage 176

Mortgage Marketing 176

Housing Wire

MARCH 20, 2024

Realty ONE Group International , a global real estate franchise, recently promoted five women to drive the company’s global growth. Cory Vasquez was promoted to the position of co-president, alongside Vinnie Tracey, who has been the company’s president since 2017. Before this promotion, Vasquez served as the company’s vice president of global communications.

Realty 408

Realty Human Resources Real Estate Brokerage 408

Inman

MARCH 20, 2024

Agents who see the changes coming and adapt to the new reality by cementing their relationships will be in a position to seize the day as market winds shift, mega-team leader Carl Medford writes.

Buyers 176

Buyers Marketing Agents Brokerage 176

Housing Wire

MARCH 20, 2024

The PROGRESS in Lending Association released the names for its 2024 Innovations Award winners last week, including two vendors that are active in the reverse mortgage industry, according to an announcement. The organization recognized LoanPASS for its loan pricing software, which can map out forward and reverse mortgage options side by side. “In this current market, many lenders are looking for new lending products to offer to help expand their offerings and keep the company afloat,” the organiz

Lending 403

Lending Mortgage Technology Construction 403

Inman

MARCH 20, 2024

While incentives are still an integral part of the new-home market, they're falling out of popularity in the rental segment as demand — and competition — strengthens. The number of Zillow rental listings with concessions has struggled, going from 32.7 percent in December to 31.9 percent in January. The concession rate jumped 5.6 percent year over year to 32.2 percent in February; however, it marks the slowest annual growth pace since June 2023.

Landlords 171

Landlords Marketing 171

Eyes on Housing

MARCH 20, 2024

The Federal Reserve’s monetary policy committee held the federal funds rate constant at a top target of 5.5% at the conclusion of its March meeting. The Fed will continue to reduce its balance sheet holdings of Treasuries and mortgage-backed securities as part of quantitative tightening and balance sheet normalization. Marking a fifth consecutive meeting holding.

Mortgage 167

Mortgage 167

Inman

MARCH 20, 2024

The Inman Intel Index goes beyond sentiment and trends by tapping into the real estate industry's most engaged community. Add your voice to the industry's most ambitious monthly survey today.

Real Estate 166

Real Estate Realtors Technology Brokerage 166

Eyes on Housing

MARCH 20, 2024

As we reported earlier, immigrants make one in four construction workers. The share is significantly higher (31%) among construction tradesmen. In some states, reliance on foreign-born labor is particularly evident, with immigrants comprising 40% of the construction workforce in California and Texas.

Construction 167

Construction 167

Inman

MARCH 20, 2024

Customers of real estate software company RESAAS can now opt in to having listings published as “coming soon” on industry-leading search portal Zillow.

Real Estate 180

Real Estate Technology Marketing 180

BiggerPockets

MARCH 20, 2024

Falling prices haven't been common in today's market. With higher mortgage rates and low inventory, many investors have waited on the sidelines. Is now the time to plunge back in?

Marketing 83

Marketing Investing Inventory Investors 83

Inman

MARCH 20, 2024

Two marketing companies in real estate, Local Logic and Property Panorama, have created a data partnership for each firm's user base.

Marketing 180

Marketing Real Estate Technology 180

BiggerPockets

MARCH 20, 2024

Paris officially implemented the "15-minute city" as an urban planning concept, and now city planners across the world are debating the merits of switching to this model. What is a 15-minute city, and is it something you should invest in?

Investors 83

Investors Investing Real Estate 83

Inman

MARCH 20, 2024

What's causing you the most stress when it comes to NAR's $418 million settlement of the real estate commission lawsuits?

Real Estate 176

Real Estate Brokerage Agents 176

BiggerPockets

MARCH 20, 2024

Curb Your Enthusiasm comedian and veteran stand-up act Richard Lewis, who recently passed away, didn’t just have a sharp wit; he had some sharp financial moves regarding real estate, too.

Real Estate 78

Real Estate 78

Inman

MARCH 20, 2024

Key policy item for first-term Mayor Brandon Johnson would have raised an estimated $100 million a year through a tax hike on real estate sales.

Real Estate 164

Real Estate Realtors Agents Marketing 164

Lamacchia Realty

MARCH 20, 2024

TAX IMPLICATIONS OF SELLING YOUR HOME Selling your home often takes you on a rollercoaster of emotions – excitement, hopefulness, and at times, stress. When you’re wrapped up in searching for homes and planning your move, it can be easy to overlook seemingly small but important details of the sale. One of these aspects are the tax implications involved with selling a property.

Real Estate 69

Real Estate Sellers Home Improvement Realtors 69

Inman

MARCH 20, 2024

An appeals court issued a ruling on Tuesday stating that a lawsuit challenging New York's property tax system was mistakenly dismissed

Property Taxes 160

Property Taxes Marketing 160

BiggerPockets

MARCH 20, 2024

James Dainard, a house flipper in Seattle, Washington, has been on a flipping spree for the past two decades.

Marketing 79

Marketing 79