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FHFA Finalizes New Fair Lending Rules

USA Real Estate News-RISMedia - Tue, 2024-04-30 12:59

The Federal Housing Finance Agency (FHFA) has announced its finalized Fair Lending, Fair Housing, and Equitable Housing Finance Plans to address barriers to sustainable housing opportunities.  In a release, the National Association of REALTORS® (NAR) praised FHFA’s efforts to codify existing practices and programs. The new plans show a sustained commitment to remove obstacles to…

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Case Shiller Reports U.S. Home Prices ‘at or Near All-Time Highs’

USA Real Estate News-RISMedia - Tue, 2024-04-30 12:48

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 6.4% annual gain for February, up from a 6.0% rise in the previous month. The data from the leading measure of U.S. home prices released April 30 shows that 18 out of the 20 major metro markets…

The post Case Shiller Reports U.S. Home Prices ‘at or Near All-Time Highs’ appeared first on RISMedia.

WeWork floats bankruptcy exit deal, without Adam Neumann

USA Real Estate News-Inman - Tue, 2024-04-30 12:21
The firm plans to rid itself of $4 billion in debt through $450 million in financing and ignores founder Adam Neumann's bid to buy back the company.

KW CEO predicts headwinds for indie model amid NAR settlement

USA Real Estate News-Inman - Tue, 2024-04-30 11:43
Keller Williams president and CEO Mark Willis spoke about his return to the Texas franchiser and how commission lawsuits could spark an intense round of brokerage and agent consolidation.

KW CEO predicts downfall of indie model amid NAR settlement

USA Real Estate News-Inman - Tue, 2024-04-30 11:43
Keller Williams president and CEO Mark Willis sat with Real Estate News to talk about his return to the Texas franchiser and how commission lawsuits could spark a new wave of brokerage and agent consolidation.

Ocwen agrees to settle decade-long suit over BPO, valuation fees

USA Real Estate News-Inman - Tue, 2024-04-30 11:17
Up to 330,377 homeowners from whom Ocwen collected mortgage payments could be eligible to claim refunds of $60 per broker price opinion and $70 per hybrid valuation

Engel & Völkers enters Philadelphia, Mexico City markets

USA Real Estate News-Inman - Tue, 2024-04-30 11:09
Engel & Völkers Philadelphia will be led by Jim Becker, Ed Casella and Logan Rothman, while Mexico City will be helmed by Rodrigo Pérez del Toro and Malusa de Nova.

Consumer Confidence Retreats in April

USA Real Estate News-RISMedia - Tue, 2024-04-30 11:02

Consumers have been feeling the waves of unrest in the economy, with mortgage rates now back up above 7% and the PCE index—the Fed’s favorite measure of inflation—up by 2.8% year-over-year. Consumer confidence fell significantly in April, dropping from 103.1 in March to 97, according to the latest data from The Conference Board.  After the…

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Home prices surge to ‘near all-time highs’ amid rising mortgage rates

USA Real Estate News-Inman - Tue, 2024-04-30 10:41
San Diego, Los Angeles, Washington DC and New York posted annual price increases for the third-straight month, with each of the cities S&P CoreLogic Case-Shiller tracks hitting record highs.

March rents grew dramatically in Chicago and these 4 other cities

USA Real Estate News-Inman - Tue, 2024-04-30 10:38
Eighteen of the 50 largest U.S. metro areas witnessed rents rise on an annual basis in March, especially in the Northeast and Midwest, where a lack of rental supply is common and owning a home is costly.

‘Digital Darryl’ Brings a Life-Like AI Chat Bot to Real Estate

USA Real Estate News-RISMedia - Tue, 2024-04-30 09:56

Artificial intelligence (AI) has become one of the world’s most favorable technology tools, as millions of people from the general population to real estate professionals alike use various models programmed for different purposes, all with the goal of expanding their knowledge in their respective fields—or honing their skills. Looking at the real estate industry specifically,…

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“Digital Darryl”; The Real Estate Industry’s First Life-Like AI Chat Bot

USA Real Estate News-RISMedia - Tue, 2024-04-30 09:56

Artificial intelligence (AI) has become one of the world’s most favorable technology tools, as millions of people from the general population to real estate professionals alike use various models programmed for different purposes, all with the goal of expanding their knowledge in their respective fields—or honing their skills. Looking at the real estate industry specifically,…

The post “Digital Darryl”; The Real Estate Industry’s First Life-Like AI Chat Bot appeared first on RISMedia.

NEXT WEEK: Brokers Share Strategies for Real Estate’s New Landscape

USA Real Estate News-RISMedia - Tue, 2024-04-30 09:41

Top row, left to right: John Featherston, Kymber Menkiti, Lennox Scott; Bottom row, left to right: Rod Messick, Barbara Betts, Terrie O’Connor Amid a cascade of lawsuit settlements and forthcoming rule changes that stand to disrupt the real estate playing field, brokerage leaders are striving to stay ahead of the fast and furious pace of…

The post NEXT WEEK: Brokers Share Strategies for Real Estate’s New Landscape appeared first on RISMedia.

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