Industry News

Articles provided by InmanNews

Tougher standards for mortgage insurers could give newcomers an edge

Some private mortgage insurers who have been regaining market share lost to the Federal Housing Administration during the downturn could soon be forced to implement price increases in order to meet risk-based standards proposed by Fannie Mae and Freddie Mac’s ...

NYC brokerage CORE absorbs Heddings Property Group

Douglas Heddings — an exec with Prudential Douglas Eliman and founder of the blog TrueGotham.com before founding his own real estate brokerage, Heddings Property Group — has joined rival Manhattan firm CORE as executive vice president of sales. Heddings will ...

William Raveis framing StreetEasy search results in NYC

William Raveis Real Estate is looking to jump-start its entry into the New York City market by framing search results from StreetEasy, the popular regional listing site acquired by Zillow last year. Located at Tower 56 on East 56th St. between ...

Housing groups accuse Fannie Mae REO contractor of racial discrimination

The National Fair Housing Alliance and two other civil rights groups have filed a discrimination complaint against Fannie Mae contractor Cyprexx Services alleging that the company failed to properly maintain bank-owned homes in Latino and African-American neighborhoods in four U.S. ...

Real Estate Connect Broker War Room: what we learned in the trenches

Better Homes and Gardens Real Estate President and CEO Sherry Chris led a series of discussions at the Real Estate Connect conference in San Francisco, with dynamic brokers from across the country packing the room to discuss key issues facing brokers. ...

Guaranteed Rate revamps agent coaching site, Partner Xchange

Retail mortgage lender Guaranteed Rate has launched a new version of Partner Xchange, a coaching site for real estate professionals, that includes insights and expertise from more than 50 of the nation’s top real estate agents. Partner Xchange says it ...

Former BofA short-sale negotiator prison-bound in ‘property flopping’ scheme

A former Bank of America short-sale negotiator has been sentenced to 30 months in prison and ordered to pay $5.7 million in restitution for his role in a fraud scheme in which prosecutors said he accepted bribes to sign off ...

New realtor.com ‘Accuracy Matters’ ad set to hit cable TV networks

The next realtor.com “Accuracy Matters” ad, entitled “Mom,” will be running on cable networks including HGTV, USA, TBS, DIY and TLC. “Mom” is a follow-up to realtor.com’s “Doghouse Architects” spot, released in May.   Realtor.com operator Move Inc. launched the ...

Rapattoni, RealtyTrac sign multiyear data deal

Multiple listing service platform provider Rapattoni Corp. has entered into a multiyear agreement to license property tax, deed and mortgage records, and foreclosure data from RealtyTrac. The partnership also includes neighborhood data aggregated by RealtyTrac subsidiary Homefacts. RealtyTrac CEO Jamie ...

Pace of existing-home sales picks up from May to June

Sales of existing homes and total housing inventory climbed in June as the housing market continued to trek towards a healthier state, the National Association of Realtors reported today. Existing-home sales rose 2.6 percent from May to June to a seasonally ...

In real estate lead conversion, body language and response time are everything: 4 ways Realtors can make a great first impression

Have you heard the expression, “First impressions are everything?” Well, this is especially true for Realtors. A bad first impression can turn off otherwise hot prospects, ignite negative word of mouth, and minimize your chances of getting referrals and repeat business. ...

School enrollment caps hurting housing markets

North Carolina real estate agents say housing markets in parts of Wake County, including Raleigh and Holly Springs, have been feeling the impact of the school district’s decision to cap enrollment at 20 schools as home construction continues to outpace ...

Urban Compass valued at $360 million in latest funding round

Just over a year after launching, New York City-based real estate brokerage and tech platform Urban Compass is worth $360 million, at least in the eyes of investors who ponied up $40 million for a Series B funding round announced ...

‘Personal relocation firm’ helps city dwellers find the ‘right’ suburb

In a lengthy article that touches on many of the issues raised in a four-part Inman News series on how neighborhood data can complicate the role of real estate agents and aggravate residential segregation, The New York Times looks at ...

Scandal casts more doubt on validity of school test scores

It’s become almost a given that real estate search portals will provide would-be homebuyers with information about the quality of local schools. Educators have complained that test scores and simplified school rankings don’t always tell the whole story. A school ...

Do’s and don’ts of real estate listing videos

What’s the difference between a blockbuster movie and a flop we can barely recall after we’ve left the theater? The answer is powerful storytelling. The same applies to listing videos ...

Century 21 China Real Estate, Lending Club of China forge alliance

Century 21 China Real Estate, the exclusive franchisor of the Century 21 brand in China, says it’s out to build its mortgage business under an agreement with the Lending Club of China that’s aimed at funneling cash from investors into home ...

Brokers continue to invest time, money in drones

Real estate brokers in Fresno, California, continue to see drones as a good investment of their marketing dollars, despite an uncertain regulatory climate in which the FAA maintains that they are breaking the law if they use the remote-controlled aircraft ...

Realtors