HousingWire

• More local brokerages added to Georgia commission lawsuit defendant list December 8, 2023
  An amended complaint for the Phillips commission lawsuit in Georgia names several local independent firms as defendants.
• November jobs report comes in stronger than expected December 8, 2023
  Employers picked up the hiring pace in November, shaking investors’ confidence in the Fed's likelihood of cutting interest rates in 2024. 
• Top 10 ways to get homebuyers to work with you December 8, 2023
  How do you articulate the value you bring when representing a homebuyer in a real estate transaction? You know what you do, but how do you explain it in such a way that a buyer understands your value, the required agency forms and everything involved to make it to the closing table? Ultimately, every homebuyer […]
• Democrats introduce bills to ban hedge funds from single-family housing market December 7, 2023
  Lawmakers in the House and Senate have introduced bills in both chambers targeting institutional investor activity in single-family housing.
• Redfin reveals new AI-powered listing photos tool December 7, 2023
  Redfin launched Redfin Redesign, an AI-powered tool for home photos that helps buyers visualize what listings will look like.
• Incenter rebrands, changes up leadership  December 7, 2023
  The company, which helped organize over $2 trillion in mortgage-servicing rights (MSRs), changed its brand to Incenter Capital Advisors.
• Mortgage rates are (finally) back at 7% December 7, 2023
  Mortgage rates continued their slide this week as the 10-year Treasury yield dropped below 4.2% for the first time since September.
• Flagstar Bank’s one-stop-shop model revolves around brokers’ best interests December 7, 2023
  Flagstar’s recent merger with New York Community Bank and the acquisition of certain assets and deposits from Signature Bank have created a $110-plus billion bank with the depth, the breadth and the power its business partners need to navigate today’s challenging economic environment.
• How scammers are using AI to commit new fraud in real estate December 7, 2023
  Fraudsters are now using AI to mimic somebody's voice to send voicemails or even create emails, increasing the risk of fraud, Cronkright says.
• Title giant Stewart sues Qualia over software licensing agreement dispute December 7, 2023
  In a lawsuit filed last month, Stewart alleges that Qualia wants to pull out of an “irrevocable and perpetual” license agreement for ResWare.