Although the market is shifting, that doesn't mean that the sky is falling. Team leader Carl Medford suggests that listing agents focus on training their sellers to understand the new realities instead of blindly reacting and giving away the farm in the process.

The ban was intended to be a temporary measure to encourage responsible home sharing during the pandemic, but the company said on Tuesday, it will become permanent.

If you’re thinking about either buying rental properties or investing in real estate crowdfunding — how do you choose between them? Let's look at the options.

Prosecutors suggested the attack may have been racially motivated, claiming Ward, who is white, yelled racial slurs at Arnold Jackson, a Black man, as he beat him so severely in 2018 that he later died from his injuries.

A reverse mortgage is a type of consumer home loan that allows homeowners ages 62 and older to borrow against their home’s equity to receive either cash or a line of credit. 

Unlike a traditional mortgage, homeowners don’t make a monthly payment; the loan is repaid when the homeowner or their heirs sell the house. 

Senior homeowners often use a reverse mortgage to minimize their monthly housing costs and have access to liquid assets like cash during their retirement. 

How a Reverse Mortgage Works

The most common type of reverse mortgage is a home equity conversion mortgage (HECM), which is a federally backed loan regulated by the Federal Housing Administration (FHA) and the U.S. Department of Housing and Urban Development.

To qualify for an HECM you must: 

JPMorganChase has said it’s cutting jobs in its mortgage lending business amid tightening monetary policy that has seen mortgage rates pushed above 6%.

The nation’s biggest bank said last week that the decision was the result of “cyclical changes” in the mortgage market. “We were able to proactively move many impacted employees to new roles within the firm and are working to help the remaining affected employees find new employment within Chase and externally,” it said in a statement.

The bank did not confirm how many employees have been moved or laid off, but Bloomberg cited anonymous sources as saying around 1,000 staff have been affected by the move, with around 500 being forced to leave.

Two months prior, Wells Fargo & Co. also announced job cuts in its lending business, including hundreds of mortgage application processors.

The industry has been left reeling by lower demand for mortgages, with non-bank lenders such as Mr. Cooper, Loan Depot, Pennymac, Guaranteed Rate, Fairway Independent Mortgage, Interfirst Mortgage, Movement Mortgage and Better.com all laying off staff earlier this year as rates jumped past the 5% mark.

Pending home sales increased in May, breaking a streak of six successive monthly declines, but the National Association of Realtors said it is likely a blip and that sales will continue to fall as the year progresses.

The NAR’s latest data shows that contract signings, which are a forward indicator of home sales based on signed contracts to buy a home, rose by 0.7% last month. Contract signings are considered to be the most useful gauge of future home sales, though of course some deals may fall through.

Although the increase is encouraging, NAR Chief Economist Lawrence Yun said the data doesn’t hide the fact that the housing market is going through a transition. After all, contract signings are still down more than 13% from the same month last year.

“Contract signings are down sizably from a year ago because of much higher mortgage rates,” he pointed out.

Economists have previously cited the rapidly rising mortgage rates as the main culprit that has made buyers more cautious. Assuming a 10% down payment, the monthly payment on a media-priced single family home has increased by around $800 since the start of the year. That’s solely because of mortgage rates, which have risen by just over 2.5 percentage points since January.

The company says the action would minimize delays for renters, increase efficiency of filling rentals, help agents earn commissions and build their pipelines and generally standardize the rental process over time.

The Amagansett, N.Y., cottage had to be rebuilt from the ground up. So one couple went all in with nautical style.

Buying and selling land in the metaverse doesn't require a middle-man. But an early group of agents has jumped into the volatile market. Where are they now?

The Amagansett, N.Y., cottage had to be rebuilt from the ground up. So one couple went all in with nautical style.

This month’s situation: A veteran agent is developing a side interest in cryptocurrency that is bleeding into her real estate business. Should her broker keep her focused on their primary business?

We've rounded up some practical advice from the Inman community on making it work in today's environment while skipping the typical new agent advice Davis suggests isn't worth it right now. 

Non-QM lender lender lays off three-fourths of workforce, saying it's experienced "significant operating losses and cash flow challenges" and has been unable to obtain funding.

Emiliano Delucia and Abby Powell will help lead the startup less than a year after it achieved unicorn status. The company said it employs 584 people.

New feature set to provide more information about each individual property, including 3D tours, photos and the view out the window. ‘Getting on a prospect’s short list is very important.’

Real estate communication platform Happy Grasshopper has added Houston-based ERA Legacy Living as its latest hgRECRUITS brokerage partner, according to an announcement on Friday. ERA Legacy Living joins 123 leading brokerages, such as Better Homes and Gardens Real Estate and 72 Sold, that also use the platform.

Workforce planning can help you meet organizational goals in any economy. It’s been a challenging couple of years for HR. Fortunately, with COVID slowly coming to a halt,

businesses big and small are finally returning to normal. For many organizations, the new normal implies dealing with the consequences of pandemic layouts, remote work, and talent gaps.

During 2020, the first year of the pandemic, at least 89% of US organizations have managed to integrate workforce planning with business planning, despite tremendous challenges. However, only half of these organizations – some 54% – have reported a successful integration.

So, how do we stand in the post-COVID world?

Is workforce planning more effective today than it was a few years ago?

But the modest .7 percent increase shouldn't discount clear evidence of a transition spurred by high prices and mortgage rates, according to new data from the National Association of Realtors.