Comments for HousingWire

Comment on Bracing against a rising tide of real estate fraud by Ray Carlisle

Ray Carlisle — Mon, 22 Jan 2024 19:58:22 +0000

There are several promotions claiming to provide protection from cyber fraud, PII theft, etc. Readers need guidance such as a list of legitimate multi-state service providers for one person, too small (5-25) to median (50-5-250) and large real estate firms doing business internationally. Can HW provide such information. RC, Sr.

Comment on DataDigest: Study shows agents are aplenty, most with few or no sales by Ronald Stewart

Ronald Stewart — Sat, 20 Jan 2024 21:09:55 +0000

I agree with the observations made in this report. There is one significant point of view that was missed. The glut of agents is certainly driven by the factors listed, but the National Association of Realtors plays a critical role in this glut. They are one of the largest PAC organizations in the country. and rightly so. Homeownership in America is an important part of not just the American dream but financial stability. The topic of high rents, the shortage of housing, the cost of securing finance, etc. are all important issues. But when the Association is more concerned with the quantity of its members rather than the quality – the consumer ends up a victim. We need to increase the barrier to entry into real estate. We also need to increase the standards in which an agent becomes an Associate Broker and then again, when they become a Principal Broker. It’s just too darn easy! This question should be posed to every franchise owner. With the current number of agents you have now as Independent contractors, how many of them would you let go if they were forced to be employees? I am betting that most firms would let 45-60% of their agents go.

Comment on Why the number of price cuts are dropping as housing inventory rises by Robert Antoniadis

Robert Antoniadis — Sat, 20 Jan 2024 16:56:58 +0000

Logan:

1. The Gandalf line
“you shall not pass”

Where is this coming from, the context.

2. You use the term “Sales Prints”, are you referring to Sales in terms of units SOLD?
What time line, are you referring to annualized units SOLD when you use the term “Sales Prints”?

Thank you

Robert

Comment on UWM sunsets FindAMortgageBroker.com, rebrands to Mortgage Matchup by Timothy Chase

Timothy Chase — Thu, 18 Jan 2024 20:55:49 +0000

And they still put Bankers on the website

Comment on Get more real estate buyer leads in 2024 by sharon hayman

sharon hayman — Mon, 15 Jan 2024 19:06:52 +0000

good, concise Summary! Excellent.

Comment on New G-Rate program allows sellers to permanently buy down their buyer’s mortgage rate by Matt Jolivette

Matt Jolivette — Mon, 15 Jan 2024 18:27:16 +0000

This is nothing but marketing. Anyone can pay points, and yes, the seller can for it via credit to closing costs and prepaids.

Comment on G-Rate sues NAF over poaching, alleges violation of LO comp rule by JW

JW — Mon, 08 Jan 2024 18:50:39 +0000

It’s ironic to see G-Rate suing others for misdeeds yet remain among the firms with the least character and ethical standards. Recently examples of such ethics issues are terminating MLOs in the final days of their recoverable retention bonus and suing them to pay back 100% of their signing bonus, regardless of production since onboarding. Further, in early 2023 G-Rate unilaterally closed four regional Real Estate joint ventures without sufficient notice and contrary to their Operating Agreements with their JV partners…and then refusing to pay the promised Loyalty Bonuses to the MLOs, even though those funds were accrued for same. Bad actors acting in bad faith that need to take a look in their own mirror.

Comment on What makes Gen Z homebuyers different? by michele hudnall

michele hudnall — Mon, 08 Jan 2024 03:26:41 +0000

Hello Ally –

I love your article and as a “Favorite Aunt” and one who has made a career change, I would love to share my story/thoughts from the other side. I’m a fish out of water too, older, but one who worked for those start-ups that built the tech/aps you grew up with. I’m a huge believer in brand, digital awareness, etc. as this is my past and passion. I’m trying to bridge the generational gap from the other direction as the “favorite aunt” to keep you Gen Z’ers safe in your investments and still enjoy your experiences. Here is my article from the other direction: https://realestateofnva.com/gen-z-homebuyers-meet-your-favorite-aunt/

Would love to hear your thoughts!

Michele

Comment on G-Rate sues NAF over poaching, alleges violation of LO comp rule by Pat Kapowich

Pat Kapowich — Sat, 06 Jan 2024 01:21:07 +0000

“Wait For It!” That should have been the sub-headline for the fine article in today’s HousingWire by Flavia Furlan Nunez titled, “G-Rate sues NAF over poaching, alleges violation of LO comp rule.”

ABC reported when money is missing at an American bank, it is almost always an inside job.

In real estate, poaching real estate agents or lending personnel is almost always an inside job.

I was waiting – patiently. Sure enough, in the first sentence of the ninth paragraph, “It all started when” ______ ______”A former regional manager and senior vice president of strategic growth, joined NAF.”

As a rule, law enforcement does not prosecute embezzlement at banks under $100,000 because they lack human resources.

Similarly, it is rare to see real estate agencies and lending firms take a stand on the poaching of human resources (their currency) when it happens in mass and in plain sight.

When they do, it is a welcomed sight.

Comment on DataDigest: Will work for housing by dave sommer

dave sommer — Fri, 05 Jan 2024 15:48:20 +0000

It’s about time. We pay teachers poorly to educate our children. Then they can’t afford to live in the cities where they work. We are great at capitalism but terrible at taking care of those really in need. And we throw away billions on subsidies for entities and industries that ask the most but don’t really need it.
American Exceptionalism!