RealReports partners with New England-based MLS

Proptech company RealReports is partnering with New England-based PrimeMLS, the companies announced on Thursday. As a result, PrimeMLS’s 12,000 member agents will have access to RealReports’s wealth of property data.RealReports is a real estate platform that gathers property data — including permits
Read MoreWhat lies ahead for short-term rentals

In real estate, short-term rentals (STRs) have carved a niche that extends far beyond the heyday of basic room rentals. This market has transformed in recent years, offering travelers a range of unique experiences while providing property owners with an appealing stream of income.While it may seem l
Read MoreRocket delivers $291M profit amid improved margins and MSR acquisitions

Rocket Companies, the parent of Rocket Mortgage, delivered a profit in the first quarter of 2024 through initiatives to reduce costs and increased investments in artificial intelligence (AI). In a contracting market, competitors exiting the space have allowed the company to improve market share and
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The number one rule of the marketplace is to understand your customer. Knowing what they need, what they want and what they fear is fundamental for success. The housing market has shifted. Today it’s dominated by baby boomers who make up 39% of all homebuyers and 52% of all home sellers.Known as “Pe
Read More Ocwen improves overall reverse mortgage performance despite volume contraction

Ocwen Financial Corp., parent company of PHH Mortgage Corp. and Liberty Reverse Mortgage, reported an overall improvement in its business performance for the first quarter of 2024 — including better reverse mortgage performance attributed to servicing and higher gains on loans held for sale.Under ge
Read MoreTop LO Tim Potempa joins E Mortgage Capital

Top U.S. loan officer Timothy Potempa has departed Dallas-based multichannel lender OneTrust Home Loans to join E Mortgage Capital, bringing his team of about 40 people and more than $300 million in annual production to the company headquartered in California. “I’ve been in the industry since I was
Read MoreMountain West Financial sells retail assets to ML Mortgage Corp.

Redlands, California-based mortgage lender Mountain West Financial has struck a deal to sell its retail assets to competitor ML Mortgage Corp., one of the latest M&A transactions amid a challenging landscape for home loan originators. “We did transfer our branches and loan officers to ML Mortgage. W
Read MoreNew appraisal bias protections apply to reverse mortgage program: FHA

The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) this week announced a new policy enabling mortgage borrowers to “request a re-assessment of the appraised value of their property if they believe that the appraisal was inaccurate or biased.” An a
Read MoreEngel & Volkers continues its expansion in Atlanta

Luxury brokerage Engel & Volkers Atlanta is expanding its footprint in the Georgia capital through the acquisition of AtHome & Co., the company announced on Wednesday.Led by real estate veterans Noelle Larson and Susi O’Connor, the AtHome team serves the Georgia counties of Cobb, Cherokee, Dawson, F
Read MoreHUD adds $90M in funding to protect homes from health hazards

The U.S. Department of Housing and Urban Development (HUD) on Thursday announced nearly $90 million in new funding opportunities to protect the homes of low-income people from a series of health hazards.The money will go toward prevention and removal of lead paint, carbon monoxide, mold, radon and a
Read MoreBrokerage leaders adjusting to commission changes: Q2 BrokerPulse

Things just keep getting better, according to real estate brokers surveyed for the Q2 2024 HousingWire BrokerPulse survey, with 54% who are “optimistic” about the next three months in residential brokerage, compared to some 48% of those surveyed for the Q1 2024 HousingWire BrokerPulse survey who fel
Read MoreHUD issues Fair Housing Act guidance on AI use

The U.S. Department of Housing and Urban Development (HUD) on Thursday announced new guidelines that aim to apply the provisions of the Fair Housing Act to the use of generative artificial intelligence (AI) in the realm of housing.HUD released separate pieces of guidance aimed at applying Fair Housi
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Listing Showcase gives Christie’s agents a competitive advantage ahead of home-selling season and helps Showcase agents win more listings
Read More BARK and Zillow Announce America’s Most Dog-Obsessed Cities for Renters

Dallas named #1 most dog-obsessed city in the U.S., proving the bigger the hair, the closer to DOGS
Read MoreZillow believes the evolution of the industry will only help it grow

In light of the jury verdict in the Sitzer/Burnett suit and the terms of the National Association of Realtor’s nationwide settlement agreement of the commission lawsuits, several prominent industry analysts believe Zillow will struggle with its financial performance.On Wednesday evening, during the
Read MoreAll parties have settled the Sitzer/Burnett suit, so what’s next?

When HomeServices of America reached a nationwide settlement agreement last week in the commission lawsuits filed by home sellers, it became the final defendant in the two original commission cases, Sitzer/Burnett and Moehrl, to do so.Just six months ago, when a Missouri jury found HomeServices of A
Read MoreLongtime reverse mortgage leader Scott Norman appointed CEO of Texas MBA

Longtime reverse mortgage industry professional, advocate and leader Scott Norman has been appointed as the new CEO of the Texas Mortgage Bankers Association (TMBA).Norman is currently serving his fifth consecutive term as co-chair of the National Reverse Mortgage Lenders Association (NRMLA). He als
Read MoreRates at 7% attract different types of borrowers, forcing lenders to rethink profit strategies

Industry experts believe mortgage rates will remain higher for longer, attracting borrowers who face life events but not “economic gamers“ to the mortgage market. In turn, this will force some lenders to think out of the box to attain profitability.On Wednesday afternoon, the Federal Reserve announc
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We lament over ever-changing rates, changing fees and guidelines. We change companies, processors, assistance and our workspace. Every area and facet of our industry, it seems, moves, and changes with the wind. It likely is part of what you like about your career. Each day has its own opportunity t
Read More Opinion: Will new changes make houses more affordable?

In 1904, the first world’s fair opened in St. Louis. It was there that the world learned how to host a fair and pack on pounds. An ice cream vendor who ran out of cups while working next to a waffle stand had a stroke of genius — he married warm waffles with cold ice cream — giving rise to the ice c
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