Housing Wire

FEBRUARY 23, 2024

We got a great existing home sales report on Thursday, but is this data already too old? Existing home sales showed a jump in sales, which was anticipated by most as we had positive, forward-looking housing data due to mortgage rates falling from 8.03% to 6.63%. However, the last four weeks have had negative trending data. This is nothing dramatic, but similar to what we saw in 2023 when mortgage rates rose from 5.99% up to 7.25%.

Inventory 473

Inventory Mortgage New Listings Marketing 473

Real Estate News

FEBRUARY 23, 2024

Losses rose as revenue, U.S. agent count dropped. After a leadership shakeup, CEO Erik Carlson said having "the right people" is "vital to our future success.

Agents 214

Agents 214

Housing Wire

FEBRUARY 23, 2024

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation between unemployment and delinquency rates, some homeownership costs — including insurance — have increased significantly over the past two or three years, which has had a strong financial impact on homeowners.

Insurance 458

Insurance Home Value Mortgage Marketing 458

Inman

FEBRUARY 23, 2024

Consumer watchdog CFA hails federal agency's proposal to ban sellers from making compensation offers as a "major watershed" in promoting more competition in real estate.

Real Estate 199

Real Estate Sellers Realtors Brokerage 199

Housing Wire

FEBRUARY 23, 2024

The gap between Black and white renter families that could afford a mortgage narrowed significantly during the COVID-19 pandemic, according to a Zillow report released Friday. About 7.8% of Black renter families earned enough income in 2022 to afford a mortgage with a 3% down payment, compared to 12.5% of white families that year — representing a gap of 4.7 percentage points.

Mortgage 450

Mortgage Home Value Lending Real Estate 450

Inman

FEBRUARY 23, 2024

Zillow announced in a February 21 press release that the AI-driven marketing stack for listing agents, Listing Showcase, sold under the ShowingTime+ brand is now ready for primetime.

Agents 194

Agents Marketing Technology Real Estate 194

Eyes on Housing

FEBRUARY 23, 2024

With home building volumes lower, labor shortages have eased considerably since record levels set in 2021 but remain relatively widespread in a historic context, according to results from the latest NAHB/Well Fargo Housing Market Index (HMI) survey. The February 2024 HMI survey asked builders about shortages in 16 specific trades. The percentage of builders reporting a shortage (either some or.

Housing Market 187

Housing Market Marketing 187

Housing Wire

FEBRUARY 23, 2024

Rocket Companies , the parent of Rocket Mortgage , lost money in 2023 , but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting a GAAP net loss of $390 million in 2023, investors seem to be sold on the company’s path towards Rocket’s “AI-fueled homeownership strategy,” a phrase repeatedly used by executives in a fourth-quarter earnings call on Thursday.

Clients 421

Clients Investing Real Estate Agent Mortgage 421

Inman

FEBRUARY 23, 2024

New Inman contributor Milena Monet writes that happiness is not just a destination but a continuous pursuit fueled by meaningful connections, personal growth and purposeful actions.

Real Estate 176

Real Estate Brokerage Agents 176

Housing Wire

FEBRUARY 23, 2024

Roughly 24 hours after filing an objection to the U.S. government’s motion to stop the gathering of evidence in a case against Ginnie Mae , Texas Capital Bank (TCB) responded to the government’s attempt to dismiss the entirety of the bank’s complaint. The case stems from Ginnie Mae’s extinguishment of Reverse Mortgage Funding (RMF) from its reverse mortgage-backed securities program.

Government 419

Government Contracts Finance Lending 419

Inman

FEBRUARY 23, 2024

The additional boost to 2024 home sales might come at the expense of slightly slower growth next year due to elevated mortgage rates, forecasters said.

Mortgage 190

Mortgage Marketing 190

Housing Wire

FEBRUARY 23, 2024

Less than 24 hours after announcing Nick Bailey’s departure from the firm, RE/MAX executives found themselves on a call with investors and analysts to discuss the company’s fourth-quarter and full year 2023 earnings. In his opening remarks, Erik Carlson, who was named CEO of RE/MAX Holdings in November, mentioned the promotions of Amy Lessinger , who is replacing Bailey as RE/MAX president, Abby Lee and Susie Winders, but he made no mention of Bailey other than to note his departure.

Agents 410

Agents Investing Brokerage Design 410

Inman

FEBRUARY 23, 2024

If you know you should be creating video for marketing, but you're out of ideas, Jimmy Burgess offers plenty of strategies that are working now.

Marketing 190

Marketing Agents 190

Housing Wire

FEBRUARY 23, 2024

Revenue rose at eXp World Holdings during the fourth quarter of 2023, but the firm was unable to overcome a slow housing market, resulting in a $21 million loss and slower agent count growth. Revenue at the parent company of eXp Realty was up 5% year-over-year to $983 million during the fourth quarter of 2023, executives disclosed on Thursday. For the full year of 2023, revenue reached $4.28 billion.

Agents 410

Agents Realty Housing Market Real Estate 410

Inman

FEBRUARY 23, 2024

No stranger to making headlines, here’s what founder and CEO Mauricio Umansky has been up to since Season 1 wrapped and what to expect this season.

Agents 190

Agents 190

Housing Wire

FEBRUARY 23, 2024

Middle-income Americans who are 75 and older are at serious risk of a retirement crisis, according to a new research brief from the National Opinion Research Center (NORC) at the University of Chicago. “Our cumulative research has projected an impending crisis without a clear policy solution: a majority of middle-income older adults will be unlikely to afford needed care and housing in the next decade, potentially challenging their ability to age with dignity , choice, and independence,” the res

Finance 410

Finance Transportation 410

Inman

FEBRUARY 23, 2024

Guttentag "remained sharp to the end” and continued researching and writing about mortgages until passing away peacefully on Feb. 6.

Mortgage 193

Mortgage 193

Housing Wire

FEBRUARY 23, 2024

For many real estate agents, a logical step on their path of professional development is becoming a real estate broker, then working as either a managing broker or a broker-owner. However, unlike other industries where promotion to the management level is generally tied to additional income, some brokers find themselves struggling to perform at the same financial level as their most successful agents.

Real Estate 409

Real Estate Brokerage Development Agents 409

Inman

FEBRUARY 23, 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

Eyes on Housing

FEBRUARY 23, 2024

Following a cycle low in December, existing home sales rose to a 5-month high to start the year, according to the National Association of Realtors (NAR). Low resale inventory and strong demand continued to drive up existing home prices, marking the seventh consecutive month of year-over-year median sales price increase. It is also the first time in 14 months that.

Inventory 165

Inventory Realtors Mortgage 165

Inman

FEBRUARY 23, 2024

Advocates had hoped to quadruple the tax buyers pay on residential and commercial real estate purchases if voters approved the measure next month.

Real Estate 187

Real Estate Buyers Realtors Agents 187

Eyes on Housing

FEBRUARY 23, 2024

The missing middle construction sector includes development of medium-density housing, such as townhouses, duplexes and other small multifamily properties. The multifamily segment of the missing middle (apartments in 2- to 4-unit properties) has disappointed since the Great Recession. For the fourth quarter of 2023, there were just 4,000 2- to 4-unit housing unit construction starts.

Construction 158

Construction Development 158

Inman

FEBRUARY 23, 2024

Real estate coach Bernice Ross shares top insights about the future of AI from MIT professor Dr. R. David Edelman from ICNY 2024.

Real Estate 187

Real Estate Technology Agents 187

Appraisal Today

FEBRUARY 23, 2024

The challenge of pulling comps in 2024 By Ryan Lundquist February 14, 2024 Excerpts: Pulling comps in 2024 is tough. Think about it this way. If we have 40% fewer sales happening, that means there are 40% fewer comps. Yikes. Let’s talk about this. I also have some market recap visuals to unpack what’s been happening in 2024 so far. GO BACK FURTHER IN TIME: One of the things I’m doing more often today is looking at older comps in the immediate neighborhood.

Appraisal 67

Appraisal Real Estate Contracts Reconsideration of Value 67

Inman

FEBRUARY 23, 2024

As many as 15,000 members of St. Louis-based MARIS will have access to ApplyLink, RentSpree's solution for slow lease transactions, dated lead capture, conversion tactics and rental workflows.

Technology 146

Technology 146

BiggerPockets

FEBRUARY 23, 2024

Investors get hung up on their total number of doors, but does that really matter? Here's why investors need to track stats beyond doors.

Investors 82

Investors 82

Mortgagebroker News

FEBRUARY 23, 2024

Increase comes as demand continues to outpace supply

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69

BiggerPockets

FEBRUARY 23, 2024

Between ChatGPT, Gemini, and other new AI tools, there are now a gazillion ways to outsource and delegate monotonous duties in your business.

Tools 80

Tools Business Real Estate 80

Mortgagebroker News

FEBRUARY 23, 2024

Recommendations include tax rebate, incentives for homebuilders

Housing Market 63

Housing Market Buyers Marketing 63

BiggerPockets

FEBRUARY 23, 2024

Sentiment has been sour on many things in real estate lately, but every market has deals to be made. The same is true for multifamily.

Real Estate 79

Real Estate Marketing Investing 79

Mortgagebroker News

FEBRUARY 23, 2024

Prospect of rate cuts could see consumer confidence surge

Mortgage 64

Mortgage 64

Movoto

FEBRUARY 23, 2024

Some folks relocate to new states for professional opportunities, others to be closer to family, and many just for a change of scenery – of the many reasons for relocating, knowing the top states people are moving to can be inspiring and insightful. Using a combination of data harvested from our analytics and references from around the web, we’ve put together a short list to reveal what states people are moving to in 2024.

Modernization 36

Modernization Government Marketing Business 36

Mortgagebroker News

FEBRUARY 23, 2024

Conservative lending shields them from the worst of the market's volatility

Marketing 54

Marketing Lending 54

Movoto

FEBRUARY 23, 2024

The anticipation of moving is both exciting and stressful, often producing a profound effect on soon-to-be movers. To help with this process, we’ve put together some helpful tips in this blog you can use as a moving to another state checklist. Whether planning to lug items across state lines on your own or enlisting the help of professional movers, read on for helpful reminders when moving to a new state.

Legal 36

Legal Property Taxes Insurance Landlords 36