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www.housingwire.com
2 months ago
Real estate

Announcing the 2024 Tech100 Real Estate winners!

The Tech100 Real Estate award celebrates innovative and impactful organizations in housing.
The award recognizes companies that have propelled the real estate sector into new realms of efficiency, transparency, and accessibility. [ more ]
www.housingwire.com
6 months ago
Real estate

San Francisco-based OWN Real Estate makes the leap to Keller Williams

OWN Real Estate has joined Keller Williams.
OWN Real Estate sold 80 homes worth over $107.1 million in 2022. [ more ]
www.housingwire.com
6 months ago
Real estate

Federal judge dismisses Dodd-Frank Act violations, other claims against Better

A federal judge dismissed the majority of accusations made by a former executive at Better against the lender and its top executives.
The case will proceed with claims related to intimidation and retaliation. [ more ]
BiggerPockets Blog
6 months ago
Real estate

The Impacts of Remote Work-And How Its Turned Out For Investors

Remote work has had different impacts on real estate depending on whether you're an investor or not.
The real estate industry has been significantly affected by remote work.
The article explores the real world impacts of remote work on the real estate market. [ more ]
www.housingwire.com
6 months ago
Real estate

Fannie Mae Selling Guide updates include qualifying income, self-employment history changes

Fannie Mae has updated its Selling Guide to reflect changes in the mortgage industry and regulatory environment.
The updated guide includes changes to rental income documentation requirements and self-employment income qualifications. [ more ]
Redfin | Real Estate Tips for Home Buying, Selling & More
6 months ago
Real estate

11 Popular Tucson Neighborhoods: Where to Live in Tucson in 2023

Tucson is known for its natural landscapes and rich cultural heritage.
The city has a diverse array of neighborhoods, each with its own unique character. [ more ]
Redfin | Real Estate Tips for Home Buying, Selling & More
6 months ago
Real estate

22 Popular Dallas Neighborhoods: Where to Live in Dallas in 2023

Dallas has a diverse range of neighborhoods to choose from
Bluffview offers picturesque landscapes and beautiful homes [ more ]
Redfin | Real Estate Tips for Home Buying, Selling & More
6 months ago
Real estate

18 Popular Charlotte Neighborhoods: Where to Live in Charlotte in 2023

Charlotte, NC has a diverse range of neighborhoods with unique experiences and amenities.
Popular Charlotte neighborhoods include Ballantyne, Barclay Downs, and Belmont. [ more ]
www.housingwire.com
6 months ago
Real estate

Operational efficiency is primary motivation for lenders to adopt AI: Fannie Mae

Lenders are increasingly motivated to adopt AI and ML for operational efficiency.
Top recommended AI application ideas include compliance, underwriting, and property valuation. [ more ]
www.housingwire.com
6 months ago
Real estate

As insurers flee disaster-prone areas, homeowners turn to last resort' insurers

Home insurance carriers are pulling back coverage in disaster-prone areas, leading homeowners to rely on state-sponsored last resort insurance plans.
Last resort plans were designed as temporary safety nets but are becoming insurers of first resort in high-risk areas.
Policyholders in last resort plans are increasing in disaster-prone regions like California and Louisiana. [ more ]
www.housingwire.com
6 months ago
Real estate

Home equity investment startup Splitero launches its own real estate brokerage

Splitero, a home equity investment firm, has launched its own real estate brokerage, Splitero Homes, in four states.
Splitero's business model allows homeowners to tap into upfront cash payments without income and credit score requirements. [ more ]
Redfin | Real Estate Tips for Home Buying, Selling & More
6 months ago
Real estate

Pros and Cons of Peel-and-Stick Backsplash: Everything You Need to Know

Peel and stick backsplash is a versatile, self-adhesive tile option for quick and affordable updates.
There are different types of peel and stick backsplash available, including vinyl, metal, glass, and stone-look options.
Peel and stick backsplash tiles are easy to install, making them a perfect DIY project. [ more ]
www.housingwire.com
6 months ago
Real estate

Lawmakers introduce bills requiring title insurance on GSE-backed loans

New bills introduced in Congress would require title insurance on mortgages purchased by government-sponsored enterprises.
The Protecting America's Property Rights Act was introduced in the House of Representatives as a companion bill to Senate Bill 2687.
The bills would amend the charters of Fannie Mae and Freddie Mac to prohibit the purchase of loans without primary-lien title insurance. [ more ]
Redfin | Real Estate Tips for Home Buying, Selling & More
6 months ago
Real estate

16 Popular San Antonio Neighborhoods: Where to Live in San Antonio in 2023

San Antonio offers a wide array of experiences and lifestyles for its residents.
There are 16 popular neighborhoods in San Antonio, each with its own unique charm. [ more ]
www.housingwire.com
6 months ago
Real estate

As mortgage rates near 8%, loan originators target first-time homebuyers

Loan officers who primarily serve first-time homebuyers are faring better in the current market.
FHA loans have become a strong option for borrowers with lower FICO scores or higher debt-to-income ratios. [ more ]
www.housingwire.com
6 months ago
Real estate

How AI is changing the valuations process

The pace of change in the appraisals market has accelerated since the pandemic.
Valuation products will become more specialized and tailored to different situations in the future. [ more ]
Redfin | Real Estate Tips for Home Buying, Selling & More
6 months ago
Real estate

20 Popular Austin Neighborhoods: Where to Live in Austin in 2023

Austin has a vibrant and dynamic atmosphere, with unique neighborhoods that offer a one-of-a-kind experience.
Popular Austin neighborhoods include Bouldin Creek, Downtown Austin, and Crestview, each with its own distinct charm and attractions. [ more ]
www.housingwire.com
6 months ago
Real estate

First Savings Bank to cut 100-plus mortgage jobs across multiple states

First Savings Bank plans to lay off over 100 mortgage employees in the coming months.
The layoffs are due to political instability and a strong job market pushing mortgage rates higher. [ more ]
Redfin | Real Estate Tips for Home Buying, Selling & More
6 months ago
Real estate

17 Popular Houston Neighborhoods: Where to Live in Houston in 2023

Houston has a variety of neighborhoods to suit different lifestyles and goals.
Each neighborhood has its own unique features and offerings. [ more ]
Redfin | Real Estate Tips for Home Buying, Selling & More
6 months ago
Real estate

12 Popular Charleston Neighborhoods: Where to Live in Charleston in 2023

Cannonborough-Elliotborough has a median sale price of $1,187,500
Daniel Island has a median sale price of $1,375,000
Downtown Charleston is the historic and cultural heart of the city [ more ]
www.housingwire.com
6 months ago
Real estate

DOJ gets its way in buyer broker compensation suit

Judge grants DOJ's request to extend settlement deadlines in Nosalek buyer broker compensation lawsuit.
DOJ wants more time to evaluate proposed settlement and its competitive effects. [ more ]
www.housingwire.com
6 months ago
Real estate

Opinion: Why agents are more essential than ever

Real estate agents have an important role in educating clients about the rental and for-sale markets.
Affordability is a major issue in the United States housing market, with high prices and mortgage rates impacting both buying and renting. [ more ]
www.housingwire.com
6 months ago
Real estate

DataDigest: New data shows how brokerages, agents, landlords & homebuilders were reshaped by the pandemic

2021 was a year of major growth for homebuilders but steep contraction for landlords.
The number of homebuilder firms and employees increased in 2021, with many new firms starting up.
Real estate lessors experienced a decrease in the number of firms, with many exiting the industry. [ more ]
www.housingwire.com
6 months ago
Real estate

Truework and Revvin partner to enhance income verification services for point-of-sale systems

Revvin and Truework have partnered to provide comprehensive income verification coverage for lenders using the Revvin platform.
Income verification technology is typically used in the loan origination process, but bringing it to the point-of-sale stage improves screening effectiveness.
Truework also partnered with TransUnion in June 2023 to enhance their income verification processes. [ more ]
www.housingwire.com
6 months ago
Real estate

Mortgage applications slump after rates surge to 23-year high

Mortgage applications fell 6% due to high mortgage rates
Purchase mortgage applications are at their lowest level since 1995 [ more ]
BiggerPockets Blog
6 months ago
Real estate

Four Ways to Approach Real Estate Investing Online

Integrating tech into real estate can help build and curate portfolios
Digital tools are available for investing in real estate [ more ]
www.housingwire.com
6 months ago
Real estate

RentSpree launches a new rent reporting feature

RentSpree has launched a reporting feature called Credit Builder to facilitate reporting rent payments to credit bureaus.
RentSpree aims to empower renters to achieve their financial goals by building a credit history through rent payments.
RentSpree's Credit Builder can benefit renters who are already punctual while encouraging others to develop greater consistency. [ more ]
www.housingwire.com
6 months ago
Real estate

Industry reacts to Redfin-NAR split: 'It's a crack in the wall'

Redfin will require agents to cancel their National Association of Realtors membership.
Reasons for the decision include NAR policies requiring a fee for the buyer's agent and alleged sexual harassment. [ more ]
www.housingwire.com
6 months ago
Real estate

Home prices are likely to fall in these markets

U.S. home prices had their biggest annual increase since 2023.
Some housing markets are likely to see price drops.
Miami has the biggest home price growth in the country. [ more ]
Redfin | Real Estate Tips for Home Buying, Selling & More
6 months ago
Real estate

Out of Sight, Out of Mind: 13 Expert Tips for Concealing Eyesores in Your Home

Utilize baskets for organizing and hiding clutter.
Use peel-and-stick molding and paint to divert attention from undesirable features.
Use furniture and color strategically to hide eyesores. [ more ]
www.housingwire.com
6 months ago
Real estate

Opinion: Prepare for a future without guaranteed shared compensation

Potential scrapping of guaranteed shared compensation could disrupt the real estate industry.
Elimination of tying agreements and membership in NAR could have practical impacts on real estate practitioners. [ more ]
www.housingwire.com
6 months ago
Real estate

CoStar's Andy Florance on the rise of Homes.com, the impact of the buyer commission lawsuits & more

CoStar Group has successfully transformed Homes.com into the second most visited residential real estate platform, surpassing Realtor.com and Redfin.
CoStar Group's overall residential traffic across all its sites is now at 160 million unique visitors per month. [ more ]
www.housingwire.com
6 months ago
Real estate

Senior leadership from Optimal Blue depart Constellation after acquisition

Three senior leaders at Optimal Blue have left the firm shortly after Constellation Software's acquisition.
The leaders left to pursue other opportunities outside of the company, but are committed to ensuring a smooth transition. [ more ]
Redfin | Real Estate Tips for Home Buying, Selling & More
6 months ago
Real estate

12 Must-Try Restaurants in Sedona, AZ: Where the Sedona Locals Eat

Redfin has compiled a list of must-try restaurants in Sedona, AZ.
There is a restaurant on the list for every taste and occasion. [ more ]
www.housingwire.com
6 months ago
Real estate

eXp Realty launches Exclusives app

eXp Realty has launched eXp Exclusives, a platform for sharing off-market and pre-market listings among eXp agents and their clients.
The platform aims to create a worldwide listing network for eXp agents and their clients, providing more inventory options during limited inventory periods.
The app also allows users to request tours and showings of the exclusive listings. [ more ]
www.housingwire.com
6 months ago
Real estate

What's pushing mortgage rates higher?

Mortgage rates and bond yields rose as job openings unexpectedly increased.
The 10-year yield is currently at 4.79% with mortgage rates at 7.72%. [ more ]
www.housingwire.com
6 months ago
Real estate

Newrez launches mortgage JV with Georgia-based Keller Williams franchise

Newrez has launched a joint venture mortgage company with Keller Williams Georgia Legacy Group.
Onward Home Mortgage will target borrowers in the Southeast United States.
The joint venture allows for faster growth compared to a traditional mortgage company. [ more ]
www.housingwire.com
6 months ago
Real estate

The value of buyers' agents

Eliminating the buyer agent role could affect mortgage lenders' referral business.
Real estate agents face challenges in setting expectations and demonstrating their value to consumers. [ more ]
www.housingwire.com
6 months ago
Real estate

Q4 BrokerPulse: Commission lawsuits spur proactive changes for real estate brokers

Real estate brokers are adding buyer representation agreements and training, and honing their value propositions in response to commission lawsuits.
Only 1% of respondents are restructuring their compensation model, while 30% are focusing on agent training and consumer education.
The lawsuit targets NAR's Participation Rule, claiming that commission sharing inflates costs for consumers. [ more ]
www.housingwire.com
6 months ago
Real estate

Qualia launches wire fraud protection product

Qualia is launching Qualia Shield, a funding and disbursement product for title and escrow companies.
Qualia Shield provides closing agents with secure wire instruction collection and sharing, wire fraud detection, and seller ID verification. [ more ]
www.housingwire.com
6 months ago
Real estate

Opendoor partners with eXp Realty

Opendoor is teaming up with eXp Realty to provide cash offer solutions for their agents and clients.
eXp agents will have access to Opendoor's agent rewards program, including the opportunity for additional commissions. [ more ]
www.housingwire.com
6 months ago
Real estate

Video: Inventory builds, putting continued pressure on home prices

Inventory continues to rise, indicating slower buyer demand amidst higher interest rates.
Inflation cooling may lead to lighter mortgage rate pressures in the future.
Sellers are slashing prices faster this year to get offers before the holidays. [ more ]
www.housingwire.com
6 months ago
Real estate

Supreme Court appears skeptical of upending CFPB funding in oral arguments

The U.S. Supreme Court showed reluctance to dismantle the funding structure of the CFPB during oral arguments.
Justices expressed doubts about the premise of the payday lending groups' argument. [ more ]
Redfin | Real Estate Tips for Home Buying, Selling & More
6 months ago
Real estate

Designers Predict Trends that Will Push You into 2024

2024 interior design trends focus on blending nature with modern design
Cozy and inviting spaces that incorporate natural elements are popular [ more ]
www.housingwire.com
6 months ago
Real estate

Xactus' valuation solution approved to fulfill Fannie Mae's property data collection orders

Mortgage tech company Xactus has met federal requirements for its valuation solution Appraisal Firewall X.
Appraisal Firewall X connects lenders with property data collectors to fulfill Fannie Mae property data collection orders. [ more ]
www.housingwire.com
6 months ago
Real estate

Brendon Burchard becomes PLACE's new chief growth advisor

PLACE appoints personal growth coach Brendon Burchard as chief growth advisor.
Burchard will oversee personal growth efforts for real estate agents, partners, and employees. [ more ]
www.housingwire.com
6 months ago
Real estate

Top California indie team FresYes joins The Real Brokerage

FresYes Realty, a top real estate agent team, has joined The Real Brokerage.
FresYes Realty recorded 539 transactions worth $203.7 million in volume in 2021. [ more ]
www.housingwire.com
6 months ago
Real estate

The DOJ intervenes in Nosalek buyer-broker commission lawsuit

The Department of Justice has expressed significant concerns about the proposed antitrust settlement in the MLS PIN class action lawsuit.
The DOJ is requesting an extension of the deadline for the final approval of the settlement. [ more ]
Redfin | Real Estate Tips for Home Buying, Selling & More
6 months ago
Real estate

10 Pros and Cons of Living in Vermont

Scenic landscapes and natural beauty
Outdoor recreational opportunities
Rich cultural and historical heritage [ more ]
BiggerPockets Blog
6 months ago
Real estate

Insurance Premiums are at Huge Risk in These Counties-Here's What That Means to Investors

Cities in these regions are under stress
Costs are rising and cutting into real estate profits. [ more ]
BiggerPockets Blog
6 months ago
Real estate

Set Yourself Up For Success Before Investing-What a Truly Strong Financial Foundation Looks Like

Before investing, focus on building a solid financial foundation.
Follow a checklist to ensure you're prepared to invest. [ more ]
www.housingwire.com
6 months ago
Real estate

Former Homesnap employees stole trade secrets over online marketplace tech, CoStar alleges

CoStar is suing former employees for allegedly using confidential information to start a competitive company.
The former employees started a new company called Happening Technology and allegedly repurposed CoStar's proprietary information.
CoStar claims that the defendants breached agreements not to disclose confidential information or recruit CoStar employees. [ more ]
www.housingwire.com
6 months ago
Real estate

National Flood Insurance Program is safe for now (45 days)

Lawmakers averted a government shutdown by passing a funding bill.
The bill includes $16 billion in disaster assistance and a temporary extension of the National Flood Insurance Program. [ more ]
www.housingwire.com
6 months ago
Real estate

Four of the biggest MLSs in the Southeast have formed an alliance

Four MLSs in the Southeast have formed the Southeast MLS Alliance.
The partnership allows members to access over 85,000 listings across multiple states. [ more ]
www.housingwire.com
6 months ago
Real estate

California finally passes RON legislation

California has become the 44th state to pass legislation allowing remote online notarization (RON).
The new law will go into effect in multiple phases, with full functionality expected by 2030. [ more ]
www.housingwire.com
6 months ago
Real estate

Florida Bankers Association names Kathy Kraninger as CEO

Kathy Kraninger, former CFPB director, has been named as the new CEO of the Florida Bankers Association.
Kraninger resigned from her position at the CFPB at Biden's request in January 2021. [ more ]
www.housingwire.com
6 months ago
Real estate

Home prices and mortgages keep rising, and it might get worse still

Home prices continued to rise in August, reaching another record high for the fourth consecutive month.
Annual home price appreciation is expected to rise above 5% by the end of the year. [ more ]
www.housingwire.com
6 months ago
Real estate

Zillow victorious in false advertising suit with discount brokerage

Zillow has won a legal battle against REX Real Estate.
The jury determined that Zillow did not make deceptive changes to its listings that forced REX out of business. [ more ]
www.housingwire.com
6 months ago
Real estate

Rocket Pro TPO raises conforming loan limits to $750,000 ahead of FHFA decision

Rocket Pro TPO raised agency conforming loan limits to $750,000 ahead of the FHFA's decision.
Other lenders may follow suit in the coming days or weeks. [ more ]
www.housingwire.com
6 months ago
Real estate

"Enough is enough." Redfin leaves NAR in wake of sexual harassment allegations

Redfin will require agents to cancel their NAR membership.
Redfin is ending its support of NAR due to buyer's agent fees and allegations of sexual harassment. [ more ]
www.housingwire.com
6 months ago
Real estate

Rithm to acquire MSR player Computershare Mortgage Services for $720M

Real estate investment trust Rithm Capital Corp is acquiring Computershare Mortgage Services Inc. for $720 million.
This is the second major acquisition for Rithm in the past three months. [ more ]
www.housingwire.com
6 months ago
Real estate

Mortgage companies issue debt. Here's why that's a positive sign to the market

Mortgage companies are raising debt in the current high mortgage rates landscape to improve liquidity and fund their businesses.
There is an appetite among investors for debt in the mortgage space, indicating improving market conditions. [ more ]
www.housingwire.com
6 months ago
Real estate

Wholesaler EPM looks to convert retail LOs with new recruiting platform

Equity Prime Mortgage has launched a broker recruiting website to grow the industry's wholesale channel.
The goal is to bring more than 4,000 loan officers to the wholesale channel over the next 12 months. [ more ]
www.housingwire.com
6 months ago
Real estate

Why are mortgage rates surging?

Mortgage rates have been rising due to the bond market getting wild and the Fed's hawkish forward outlook.
Jobless claims data is a key factor in determining the bond market and mortgage rates.
The Fed's hawkish monetary policy outlook has contributed to the increase in long-end interest rates. [ more ]
BiggerPockets Blog
6 months ago
Real estate

Who's Buying All of These Deals With ZERO Cash Flow? Are We Crazy?

Investors continue to buy properties despite rising prices.
Cash flow ability has decreased as prices have gone up. [ more ]
BiggerPockets Blog
6 months ago
Real estate

How Much Would You Make If You Made Your Primary Residence a Short-Term Rental? You Can Check Right Now

Consider whether to sell your home or turn it into a rental property.
Evaluate the potential cash flow and rental market before making a decision. [ more ]
www.housingwire.com
6 months ago
Real estate

Mr. Cooper CEO Jay Bray on the challenges and opportunities in acquiring Home Point Capital

The acquisition of Home Point Capital is expected to boost Mr. Cooper's bottom line in the next couple of quarters.
The acquisition aligns with Mr. Cooper's existing strengths and allows for growth without significant incremental costs. [ more ]
www.housingwire.com
6 months ago
Real estate

MoxiWorks boosts customer engagement with new product integration

MoxiWorks has integrated two of its tools, MoxiPresent and MoxiConnect, to streamline the creation and sharing of presentations in the real estate industry.
The integration aims to make it easier for real estate agents to provide value to their clients and stay in touch, ultimately increasing transactions.
MoxiWorks was recognized as one of the winners of the HousingWire 2023 Tech100 Real Estate award. [ more ]
www.housingwire.com
6 months ago
Real estate

As rising mortgage rates push buyers to the brink, sellers are starting to cut prices

6.5% of U.S. homes for sale had price cuts in September.
Some markets had over 50% of active listings with price cuts.
High demand and low inventory is driving up prices, but buyers are becoming more price-sensitive. [ more ]
www.housingwire.com
6 months ago
Real estate

HUD highlights fair housing protections based on shared ancestry and ethnicity

Religion is a protected class under the Fair Housing Act.
HUD is committed to combating discrimination based on religion and ethnicity. [ more ]
www.housingwire.com
6 months ago
Real estate

Franchisee drops sexual misconduct claims against Keller Williams

Keller Williams franchisee drops sexual misconduct lawsuit against the company, except for former CEO John Davis.
Inga Dow alleged years of sexual misconduct, harassment, and abuse by Davis and a culture at Keller Williams that encouraged such behavior.
Davis still faces claims of tortious interference and breach of fiduciary duty, while the other defendants have been dismissed. [ more ]
Redfin | Real Estate Tips for Home Buying, Selling & More
6 months ago
Real estate

The 10 Rainiest Cities in the U.S., Ranked

Syracuse, New York is the rainiest city in the U.S.
Rainier cities are often more affordable and offer benefits like cleaner air and lush nature. [ more ]
www.housingwire.com
6 months ago
Real estate

To overcome surging mortgage rates, borrowers are turning to mom and dad

Mortgage rates are at the highest levels in over 20 years, causing loan officers to struggle.
Borrowers are turning to family members or friends as non-occupant co-borrowers to help with down payments and monthly mortgage payments. [ more ]
Redfin | Real Estate Tips for Home Buying, Selling & More
6 months ago
Real estate

Staging a Rental? 14 Apartment Staging Tips You Need to Read

Curb appeal is important for rental properties
Cleanliness and neutral colors are key in apartment staging [ more ]
www.housingwire.com
6 months ago
Real estate

David Childers named new CEO of Keeping Current Matters

David Childers appointed CEO of Keeping Current Matters.
Childers to further KCM's mission of providing real estate professionals with market insights and educational resources. [ more ]
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