HUD: Appraisal that erased $220K in home value was discriminatory
Appraisal management company Solidifi and lending giant Rocket Mortgage are also charged with violating the Fair Housing Act. Rocket says it expects to prevail.
Categories: Real Estate News
Engel & Völkers expands brand with new Portland, Oregon, office
Engel & Völkers has entered the Portland, Oregon, market with the opening of its new location, Engel & Völkers Portland Rose City, the firm announced today.
Categories: Real Estate News
President Biden’s 5% rent cap falls flat with industry leaders
President Biden proposed the idea of a 5 percent rent cap for corporate landlords with at least 50 units on Tuesday. However, industry leaders say caps rarely result in lower housing costs for renters.
Categories: Real Estate News
Elevated mortgage rates drive homebuilder confidence downward
Homebuilders exhibited little optimism as the housing market showed little improvement month-to-month, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released today.
Categories: Real Estate News
RealScout inks enterprise deal with Sotheby’s International Realty
Nine months after signing an enterprise deal with Anywhere, California-based proptech leader RealScout has extended its reach to include Sotheby's International Realty's company-owned locations. Agents at SIR's company-owned locations will have full access to the RealScout platform, which includes a branded home search portal, interactive side-by-side listing comparisons, social media tools, lead management and distribution, and several other agent and broker-focused support features.
Categories: Real Estate News
Mortgage ‘knowledge gaps’ may be thwarting would-be homebuyers
Three in 4 Americans are planning to buy the next time they move, but many are overestimating minimum down payment, credit score underwriting requirements, according to a new Fannie Mae study.
Categories: Real Estate News
Consumer watchdog develops new standard to assess buyer contracts
After brokerages and MLSs reached out, the Consumer Federation of America created criteria focused on whether agreements are readable, understandable, and fair to buyers.
Categories: Real Estate News
From teen mom to luxury broker, Sharelle Rosado hustled to the top
Sharelle Rosado's grit and determination helped her rise up from humble beginnings to become one of Tampa's top agents. "If you dream something, no matter how big it is, go for it," the broker said.
Categories: Real Estate News
27 resources you’ll need to be ready for the Aug. 17 transition
Consider this a resource roundup to guide you through the changes you'll make, the client conversations and even the mindset shifts that are necessary right now.
Categories: Real Estate News
Commission Crunch: 5 tips to avoid scrutiny and remain in compliance
Clients are watching you now more than ever, compliance expert Summer Goralik writes. Find out how to implement best practices now, so you can avoid complaints during upcoming industry shifts.
Categories: Real Estate News
4 ways homesellers can maximize their home’s appraisal value
Fair housing expert Dr. Lee Davenport says that your low appraisal may have nothing to do with the lack of landscaping.
Categories: Real Estate News
What Microsoft’s Bing portal controversy says about MLS value
Real estate data is incredibly important to a variety of industries, and there's a cost to produce it, Sam DeBord writes. Those who do so should be properly compensated.
Categories: Real Estate News
North Carolina MLS subscribers soar by 6K with Georgia expansion
North Carolina Regional MLS's subscriber count is now more than 19,000 after adding Savannah MLS, Classic MLS and Realtors of Greater Augusta as owners, executives told Inman.
Categories: Real Estate News
Compass adds Hoboken’s Team Soha, Denver agent Stuart Crowell
Today, Compass has announced its latest round of recruitment victories with the addition of agents Stuart Crowell and Soha Fontaine, along with her six-person team.
Categories: Real Estate News
Eviction filings skyrocket 25% above pre-pandemic norms
Fast-growing rents and disappearing rental assistance programs have given way to a concerning rise in eviction filings compared to pre-pandemic norms, "The Wall Street Journal" revealed on Monday.
Categories: Real Estate News
Former Engel & Völkers Naples team jumps ship to Compass
Thirty agents at SWF Premium Real Estate team who closed $321 million in sales across 278 transactions in 2023 have now aligned with Compass, the firm told Inman. A new office in Naples was also announced.
Categories: Real Estate News
Canadian consul identified as buyer of $6.6M condo ‘fit for a king’
Questions swirled last week over the identity of an unidentified buyer behind the Billionaires' Row condo transaction — with speculation rising that King Charles was at the center of the purchase.
Categories: Real Estate News
Appeals court denies NAR rehearing request of DOJ probe
The latest order by the Court of Appeals in Washington, D.C., means the DOJ is free to reopen its investigation into the National Association of Realtors.
Categories: Real Estate News
Tal Alexander denies sexual assault claims in new court filing
In a July 11 court filing, famed luxury broker Tal Alexander denied claims against him in a lawsuit asserting that he and his brothers, Oren and Alon, raped an NYC woman in 2012. The plaintiff is requesting a jury trial.
Categories: Real Estate News
Housing inventory is climbing back. So why are leads still lagging?
Inventory is rising again, but agents are still scrounging for new listings. Hundreds of brokers and agents shared what's working in still-tight markets in new responses from the Intel Index survey.
Categories: Real Estate News