Housing Wire

JANUARY 5, 2024

Slowing job growth doesn’t mean a recession, but today’s jobs report tells me that the significant job gains we were accustomed to in the early part of the COVID-19 recovery period are ending, which ties nicely to how I thought labor would recover after COVID. Even though the headline number on the report today beat estimates, we are entering a new phase of the economic cycle, which means you need to know where to look to get clues for a recession.

Marketing 498

Marketing Transportation Construction Government 498

Real Estate News

JANUARY 5, 2024

The impact of artificial intelligence covers a wide range of territory — from consumer engagement to property valuation — as the real estate landscape shifts.

Real Estate 219

Real Estate Agents Valuation 219

Housing Wire

JANUARY 5, 2024

Top-10 mortgage lender Guaranteed Rate has filed a lawsuit against retail rival New American Funding over poaching. But this isn’t your standard poaching lawsuit: G-Rate alleges that NAF has wooed at least 30 employees since early 2023 via illegal loan officer compensation practices. Despite the rise in poaching lawsuits in a competitive market, it’s the first time a large lender has publicly accused a competitor of violating the LO comp rule by allowing their salesforce to manipula

Loan Officers 458

Loan Officers Retail Law Business 458

Inman

JANUARY 5, 2024

Armed with the latest research, Rachael Hite talks with Glennda Baker about choosing sobriety in an industry that is always ready to party and why drinking is so harmful for women.

Real Estate 184

Real Estate Agents 184

Housing Wire

JANUARY 5, 2024

On Jan. 26, HousingWire will host a virtual debate between Michael Ketchmark, the plaintiffs’ attorney in the Sitzer/Burnett commission lawsuit, and Anthony Lamacchia , CEO of Lamacchia Realty and an outspoken advocate for Realtors, to discuss the arguments and the outcome of the trial. The recent landmark decision in the Sitzer/Burnett case included multi-billion dollar penalties for the National Association of Realtors , HomeServices of America and Keller Williams and spawned more tha

Real Estate 449

Real Estate Realtors Realty Buyers 449

Inman

JANUARY 5, 2024

Klein has been interim president of San Diego MLS since June, following the departure of former CEO Michael Mercurio, who allegedly embezzled $1 million from the San Diego Association of Realtors.

Realtors 178

Realtors 178

Inman

JANUARY 5, 2024

Billed as a lifetime engagement solution, Hōm offers a lot for the growing agent targeting first-time buyers, but it's more an assemblage of nice-to-haves than an application designed to create meaningful change.

Design 172

Design Agents Buyers Business 172

Housing Wire

JANUARY 5, 2024

Few things affect the real estate market more than the rise and fall of interest rates , which has a ripple effect that directly influences everything from buyer behavior to market trends. Lower interest rates make mortgages more accessible, paving the way for more buyers into the market and potentially resulting in increased demand and higher prices.

Real Estate 441

Real Estate Agents Marketing Sellers 441

Inman

JANUARY 5, 2024

From collaborating with Wiz Khalifa to scene stealing on Amazon Prime's "Twin Love," siblings Krish and Akash Chandani are betting on a big 2024 as their luxury Compass team shifts into high gear.

Real Estate 171

Real Estate Brokerage Agents 171

Housing Wire

JANUARY 5, 2024

The Federal Housing Administration (FHA) faces a potential loss of roughly $7 billion in receipts in 2024, and a failure by Congress to come to terms on certain spending agreements could force across-the-board cuts to non-defense spending of roughly 5-to-9%. This is according to a letter published this week by the Congressional Budget Office (CBO), submitted to the chairman and ranking member of the U.S.

Mortgage 441

Mortgage Government Business Marketing 441

Inman

JANUARY 5, 2024

The Tate Property Group joins Coldwell Banker as the recruiting of rockstar agents and teams remains one of the low-key most important trends in real estate.

Real Estate 180

Real Estate Agents Realty Realtors 180

Housing Wire

JANUARY 5, 2024

The seniors who are often the parents of Generation X and Generation Y ( millennials ) could become a pronounced expense for their kids in the coming years, but adult children also want to see their parents successfully age in place. This is according to a commentary from Sarita Mohanty, president and CEO of elder financial advocacy organization The SCAN Foundation in a commentary published by Fortune.

Development 441

Development Mortgage 441

Inman

JANUARY 5, 2024

Rajeev Sajja and Jimmy Burgess offer a four-step formula for making your ChatGPT input the best it can be, so you get the results you really want.

Brokerage 187

Brokerage Agents Marketing 187

Housing Wire

JANUARY 5, 2024

Employers kept a brisk hiring pace in December, exceeding economists’ expectations by 46,000 jobs. Jobs increased by 216,000 in December, up from 173,000 in November, according to data released by the Bureau of Labor Statistics. Economists were expecting an addition of 170,000 jobs. With December’s numbers in, a total of 2.7 million jobs were added to the U.S. economy in 2023, an average monthly gain of 225,000, according to the BLS.

Transportation 441

Transportation Construction Government Investors 441

Eyes on Housing

JANUARY 5, 2024

Nonfarm payroll employment increased in 37 states and the District of Columbia in November compared to the previous month, while 13 states lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 199,000 in November, following a gain of 150,000 jobs in October.

Construction 168

Construction Marketing 168

Housing Wire

JANUARY 5, 2024

A date for the final approval conference for RE/MAX’s and Anywhere’s settlement agreements in the Sitzer/Burnett , Moehrl and Nosalek commission lawsuits has finally been set. The conference is slated for Thursday, May 9, 2024, at 10 a.m., according to a text entry on the Sitzer/Burnett court docket on Friday. Both RE/MAX and Anywher e reached settlement agreements in the Sitzer/Burnett and Moerhl lawsuits in Sept. 2023, with the Nosalek plaintiffs joining the settlements in late October.

Agents 429

Agents Realtors Real Estate Clients 429

Inman

JANUARY 5, 2024

J. Michael Issa of B. Riley Financial is alleging in a lawsuit filed in LA Superior Court last month that the city reneged on its word that permits on the property's building site were still active.

Development 168

Development Realty Marketing 168

Housing Wire

JANUARY 5, 2024

Scott Fava has returned to Compass after an almost five-year absence, the brokerage announced on Thursday. Fava is joining Compass from NestSeekers. “We could not be happier to welcome Scott and his team back to Compass and help them accomplish all their business growth and goals,” Gordon Golub, Tri-State Regional Vice President at Compass, said in a statement.

Brokerage 418

Brokerage Technology Real Estate Tools 418

Inman

JANUARY 5, 2024

Agent, attorney, coach and yoga instructor Renee Fishman joins Bernice Ross to discuss the problems and opportunities provided by the ongoing commission debate.

Agents 175

Agents 175

Housing Wire

JANUARY 5, 2024

California-based Pennymac Financial Services has hired Kristy Dickey, a former executive at Citizens Bank, as first vice president of TPO sales. Dickey will be responsible for growing the lender’s broker division and support its brokers and non-delegated partners, the firm said. A total of five additional senior account executives joined Dickey. The new hires joined Pennymac after Citizens exited the wholesale channel in November.

Mortgage 413

Mortgage Finance Marketing 413

Inman

JANUARY 5, 2024

The company's first group CMO will be responsible "for creating a unified and compelling voice for all businesses" under the Rocket umbrella, including Rocket Mortgage, Rocket Homes and Rocket Money.

Marketing 165

Marketing Business Mortgage 165

Housing Wire

JANUARY 5, 2024

San Diego Association of Realtors , which operates one of the country’s largest multiple listing service, has new leadership following the departure of alleged fraudster Mike Mercurio. Real estate industry veteran Saul Klein is taking over as the CEO and director of SDAR’s wholly-owned San Diego MLS , according to an announcement on Tuesday.

Real Estate 407

Real Estate Realtors Technology Tools 407

Inman

JANUARY 5, 2024

Voters are set to decide whether to increase the tax paid on real estate sales above $1M. Landlords and business groups say referendum violates the state constitution.

Landlords 169

Landlords Business Real Estate Property Taxes 169

Eyes on Housing

JANUARY 5, 2024

December’s jobs report concludes another solid year of job hiring in 2023. In December, total nonfarm payroll employment increased by 216,000, and the unemployment rate held steady at 3.7% for the second month. Job gains moderated in 2023 with an average 225,000 monthly employment growth but remained strong. In December, wage growth accelerated to a 4.

Construction 158

Construction 158

Inman

JANUARY 5, 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 168

Brokerage Agents 168

Appraiserblogs

JANUARY 5, 2024

Appraisers, it seems this past year has been like furiously paddling against a giant iceberg containing frozen lending assignments in the North Atlantic ocean while in a rowboat with one paddle! The entire 2023 has been one chilling episode in terms of mortgage lending appraisal assignments for appraisers. While it’s too soon to tell for sure, a giant sea-going tug boat with high horsepower diesel engines powering twin propellers mounted on azipods has arrived on the scene to help direct and pus

Lending 125

Lending Appraisal Mortgage 125

Inman

JANUARY 5, 2024

The 2024 survey, entitled, “How buyers feel about working with agents” gleaned its results from 340 homeowners who purchased within the last three years. It asked a range of questions of its subjects, one being how much time they believe their representative spent on their purchase.

Buyers 128

Buyers Agents Marketing 128

Appraisal Today

JANUARY 5, 2024

Five USPAP Myths Dispelled in 2024 USPAP By Daniel A. Bradley, SRA, CDEI, McKissock Learning On May 5, 2023, the Appraisal Standards Board (ASB) voted to adopt changes to the Uniform Standards of Professional Appraisal Practice (USPAP), which will become effective January 1, 2024. These represent the first changes to USPAP in four years. Many of the changes will not have a significant impact on the way appraisers practice but are nevertheless important for public trust.

Appraisal 74

Appraisal Contracts Legal Business 74

BiggerPockets

JANUARY 5, 2024

After years of drought, the tide is finally coming back. 2024 could be a pivotal turning point for the real estate market, and it's all because of this.

Real Estate 85

Real Estate Marketing 85

Mortgagebroker News

JANUARY 5, 2024

The new reporting aims to be a reliable source for the rental industry

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69

BiggerPockets

JANUARY 5, 2024

A no closing cost refinance is a type of mortgage refinancing where the lender covers upfront closing costs in exchange for a slightly higher interest rate on the new loan.

Mortgage 79

Mortgage 79

Mortgagebroker News

JANUARY 5, 2024

New head took part in one of the largest corporate mergers in Canadian history

Investing 64

Investing 64

BiggerPockets

JANUARY 5, 2024

Well, 2023 has been another wild year in commercial real estate. The headlines continue to scream trouble for CRE. Many are getting increasingly fantastic.

Real Estate 78

Real Estate Investing 78

Mortgagebroker News

JANUARY 5, 2024

Board notes the movement of interest rates could be pivotal

Housing Market 65

Housing Market Marketing 65