After the waters recede: LOs, agents grapple with Helene and Milton devastation

Agents and LOs are grappling with heavily damaged housing markets in the Southeast. Housing markets in the Southeast are reeling from a one-two punch of devastating hurricanes that are believed to have caused at least $100 billion in damage. The housing markets in Tampa, Florida, and Asheville, Nort
Read MoreHUD announces grants to combat post-Helene homelessness in North Carolina

The U.S. Department of Housing and Urban Development (HUD) on Thursday announced $3 million in new grants for North Carolina residents impacted by Hurricane Helene. But independent reporting has also detailed that the Federal Emergency Management Agency (FEMA) has nearly exhausted funding for the ne
Read MoreeXp Realty lands 21-agent team in Northern California

In its race against other brokerages to add agents, eXp Realty has scored big in California.Prime Real Estate Team is leaving the white-label brokerage Side and taking its 21 agents to eXp. Led by the wife-and-husband team of Angelica Galeana Yost and Robert Yost, the team serves the Sacramento and
Read More‘Rules of the Game’ presentation returns to tackle reverse pros’ misconceptions

“Rules of the Game,” a popular interactive session from past annual meetings of the National Reverse Mortgage Lenders Association (NRMLA), returned in 2024 to the San Diego event that took place at the end of September.Hosted by reverse mortgage educators Dan Hultquist and Jim McMinn, the pair aimed
Read MoreTop agents boomerang back to Coldwell Banker Realty

A pair of top-producing agents are returning to Coldwell Banker Realty. On Wednesday, the brokerage announced that Leominster, Massachusetts-based Lynn Walsh and Charlotte-based Victoria Speer are coming back to the firm.Walsh departed Coldwell Banker Realty in April 2024 to join Lamacchia Realty, b
Read MoreSenior homelessness is a growing concern, GAO reports

Homelessness is an escalating problem for the growing number of U.S. seniors, according to a new report from the Government Accountability Office (GAO) based on data from the U.S. Department of Housing and Urban Development (HUD).An estimated 138,000 older Americans — those 55 and older — experience
Read MoreNearly $300M MSR offering hits the market

MIAC Analytics is marketing a large mortgage servicing rights portfolio on behalf of a lender with a big book of business in California. The portfolio consists of $292.91 million in Fannie Mae, Freddie Mac and Ginnie Mae servicing rights. The seller will be providing full representations and warrant
Read MoreMaking offers of buyer broker compensation is a tricky puzzle to solve

Heading into Aug. 17, when the business practice changes outlined in the National Association of Realtors’ commission lawsuit settlement agreement had to be implemented, most brokers and agents were concerned about how they would disclose a seller’s offer of buyer broker compensation.What few actual
Read MoreSevere storm fallout could destabilize the intersection of mortgage and insurance

The home insurance marketplace has been facing a reckoning. The challenges that higher costs place on carriers, regulators, lenders and consumers has been well documented this year, and the acceleration of extreme weather events has only made things worse. The arrival of Hurricane Helene late last m
Read MoreMove isn’t backing down in its fight against CoStar

In its ongoing battle with CoStar, the parent company of Realtor.com is not giving up without a fight. Initially filed by Move Inc. in July, the lawsuit centers on James Kaminsky, a former Realtor.com employee who went to work at CoStar-backed Homes.com after being laid off by the Move subsidiary. I
Read MoreMortgage demand drops as interest rates rise, economy remains resilient

After reaching their highest level since July 2022, mortgage applications have declined for two straight weeks, counteracting some recent positive signs for a still-sputtering housing industry.According to weekly data released Wednesday by the Mortgage Bankers Association (MBA), applications shrank
Read MoreIf commission rates drop, these real estate brokerages could be in trouble
If commission rates drop significantly as a result of the National Association of Realtors antitrust lawsuit settlement, it’s potentially an existential threat to many brokerages. But which ones and how many?Data from AccountTECH might bring us closer to an answer. Based on a sample of 100 brokerage
Read MoreGinnie Mae’s Sam Valverde on the mission of the reverse securities program

Ginnie Mae has taken a far more active role in the reverse mortgage industry over the past two years, stemming from the failure of a major industry lender that threatened liquidity for other major players in the space. The government-owned company has long overseen the Home Equity Conversion Mortgag
Read MoreYale doctors offer physical, mental health tips for aging in place

A panel of experts with the Yale School of Medicine this week offered tips for aging in place, giving service to both physical health while addressing the social and emotional well-being of older people who seek to stay in their homes as they get older.Research from multiple sources has shown that o
Read MoreBig-name brokerages among those accused of income-based discrimination in California

A housing watchdog group has filed more than 100 complaints that target more than 200 defendants for allegedly discriminating against potential housing applicants who sought to use Section 8 housing vouchers to secure a dwelling. In 2019, California Gov. Gavin Newsom (D) signed a bill into law that
Read MorePropy partners with Inspectify to streamline home inspections

Real estate technology platform Propy is now enabling its users to handle property inspections without leaving its app. The San Francisco-based Propy has formed a partnership with property inspection platform Inspectify, according to a joint announcement on Tuesday. Through this strategic partnershi
Read MoreMortgage rates move higher, but refis are returning to healthier levels

After a lengthy decline precipitated by lower inflation, a cooling labor market and hints of a Federal Reserve policy change, mortgage rates appear to have bottomed out for now.According to HousingWire‘s Mortgage Rates Center, the average 30-year conforming fixed rate dropped to 6.23% on Sept. 27. T
Read MoreRedfin looks to arbitrate or dismiss video privacy suit

Redfin is taking a stand against the video privacy lawsuit filed against it by Guillermo Mata. On Monday, the brokerage firm filed a motion to compel arbitration or, alternatively, to dismiss the suit.Originally filed in late June in the U.S. District Court for the Southern District of California, t
Read MoreTampa housing market comes to a halt as Hurricane Milton looms

The weather in Tampa on Tuesday morning could not have been better — temperatures in the low 80s and partly cloudy skies. But it’s not going to stay that way.Hurricane Milton — currently a Category 4 storm — is scheduled to make landfall in Tampa late Wednesday or early Thursday. The strength of the
Read MoreReal estate coaching expert teaches new-school negotiation tactics for commission agreements

In this week’s episode of the RealTrending podcast, host Tracey Velt sits down with Debbie De Grote, founder of leading real estate and business coaching company Forward Coaching. The duo explore strategic negotiation skills in the modern real estate market and best practices for agents in adapting
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