6 strategies to get more from your MLS searches

Real estate agents and brokers, are you relying solely on that buyer drip you set up for your motivated and qualified clients? Has the drip run dry? It’s time to get more creative, aggressive and profitable with your MLS searches. Today we’ll show you how to deploy 6 creative ways to get more from y
Read More2024 will be a better year for real estate recruiting: Relitix

After a multi-year decline in agent movement between brokerages, Relitix’s Agent Movement Index suggests that this trend may be reversing. The index shows that, measured on a trailing 12-month basis, the amount of agent recruitment bottomed out in October of 2023 and has begun to increase.“After see
Read MoreHousing starts flexes single-family muscle

Boom! Housing starts had an epic beat Tuesday, which usually means the data will get revised lower at some point, but one thing is for sure: the housing starts and new home sales sector came to throw shade at the 2023 recession crowd. Many say housing leads the economy into a recession, which has be
Read MoreFannie Mae continues to forecast modest downturn in 2024

Even though Jerome Powell announced three rate cuts in 2024, Fannie Mae Economic and Strategic Research (ESR) group continues to forecast a modest downturn in 2024. The group projects a return to growth in 2025.“Last week’s comments by Chairman Powell, as well as the Federal Reserve’s updated Summar
Read MoreFidelity facing class action suit after cybersecurity attack

Big Four title firm Fidelity National Financial and its subsidiary mortgage subservicer Loancare are facing a class action lawsuit alleging that they were negligent with customer data and that they breached their contract, after the firm was the victim of a cyber security attack in late-November.The
Read MoreHousing starts rise on falling mortgage rates

Housing starts rose in November, significantly beating expectations.New construction rose to a seasonally adjusted annual rate of 1,560,000, according to the U.S. Department of Housing and Urban Development and U.S. Census Bureau data. It’s 14.8% above the revised October estimate of 1,359,000 and 9
Read MoreAre home sellers finally coming back to the market?

The defining characteristic of the 2023 housing market has been dramatically fewer home sellers than any recent year. That’s one reason total sales volume has been so low, but it looks now like that’s starting to change.In this week’s Altos Research video, I look at how home sellers and sales are up
Read MoreAmended settlement agreement in Nosalek suit not enough to appease the DOJ

The home seller plaintiffs and MLS Property Information Network’s (MLS PIN) efforts to address the Department of Justice’s “significant concerns” about their proposed settlement agreement in the Nosalek commission lawsuit were not enough.In a letter filed on Monday, the DOJ told Judge Patti Saris th
Read More5 trends that will reshape the real estate market in 2024

The landscape of real estate is undergoing significant transformations in 2024, driven by a confluence of technological advancements, shifting market dynamics and evolving consumer behaviors. 1. Technology 2024: Proptech challenges and profitability pursuitThe proptech sector, a technological corner
Read MoreOpinion: Today’s regulatory compliance starts at the top

High-profile government actions against some of the nation’s largest financial firms for alleged violations of fair lending laws and loan servicing principles have sent a sobering message to industry CEOs and their boards: the buck stops at the top.We have entered a new regulatory era, one filled wi
Read MoreSmall Northeast towns reign supreme as Zillow's 2023 most popular markets

How new FCC rules closing the ‘lead gen loophole’ could impact mortgage professionals

The Federal Communications Commission (FCC) last week released a new order amending its “express consent” rules for the Telephone Consumer Protection Act (TCPA), which closes the “lead generator loophole” used by mortgage professionals to connect with potential business leads.The loophole allowed th
Read MoreHousing groups jointly sign letter urging full funding for FHA, Ginnie Mae

A coalition of seven housing interest groups including the Mortgage Bankers Association (MBA), the Community Home Lenders of America (CHLA), the National Association of Realtors (NAR) and the National Reverse Mortgage Lenders Association (NRMLA) have co-signed a letter urging the full funding of bot
Read MoreBuilders cheer up as mortgage rates fall

A decline in mortgage rates since November helped end four months of declines in builder confidence. Recent economic readings suggest improving housing conditions in 2024. Builder confidence gained three points to 37 in December, the first monthly increase since July, according to the National Assoc
Read MoreNAR president vows to continue to fight commission lawsuits

In her first national interview since a Missouri jury found the real estate industry liable for colluding to artificially inflate real estate agent commissions, National Association of Realtors (NAR) president Tracy Kasper said the trade group would continue to advocate for what it feels is best for
Read MoreThe Federal Reserve delivers lower rates for Christmas

The Federal Reserve played the good grinch for Christmas this year and delivered the best gift for homebuyers nationwide, leading to lower mortgage rates. The 10-year yield and mortgage rates fell together after the Fed meetings, which gave us mortgage rates under 7% last week.Mortgage rates and the
Read MoreDocuSign explores leveraged buyout

E-signature company DocuSign is exploring a potential leveraged buyout with the help of advisers, people familiar with the matter told The Wall Street Journal on Friday. However, there is no certainty that a deal will be reached. As of Friday, DocuSign’s market capitalization was $11.5 billion. Pote
Read MoreMovement accuses Summit founder Todd Scrima of corporate espionage

South Carolina-based retail lender Movement Mortgage filed a lawsuit this week against Todd Scrima, founder and president at its competitor Summit Funding, accusing him of gaining illegal access to Movement’s confidential financial files and also scheming to divert Movement’s customers toward Summit
Read MoreJob growth will fuel the housing demand in the long term: NAR’s Lawrence Yun

After two straight years of double-digit declines, home sales will pick up in 2024 thanks to lower mortgage rates. This is according to NAR Chief Economist Lawrence Yun, who shared a presentation of his 2024 forecast on Tuesday.While the past two years have been challenging to say the least for pros
Read MoreNYT article alleges ‘yearslong pattern of predatory behavior’ by two eXp agents

In recent months, the New York Times has worked to expose what is has termed a “culture of fear” in the real estate industry, first setting its sights on the National Association of Realtors. The publication continued these efforts on Friday, publishing an article examining sexual assault allegation
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