CoStar Group reported a strong first quarter of 2024, with its revenue of $656 million marking a 12% increase from the $584 million figure it posted in first-quarter 2023.But the company posted a net profit of only $7 million, significantly less than in previous quarters. This dip can be partly attr

Mere hours after news broke that Judge Stephen R. Bough had granted preliminary approval of the National Association of Realtors’ nationwide commission lawsuit settlement agreement, NAR President Kevin Sears took to the stage at HousingWire’s The Gathering to pull back the curtain on how the agreeme

The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s 2024 Marketing Leaders award are open now through April 30th, 2024. Click here to nominate someone.The HousingWire Marketing

The Federal Trade Commission (FTC) announced on Tuesday a decision to ban noncompetes nationwide, aiming to stop the practice of preventing a worker from immediately joining a rival company.The rule is designed to “[protect] the fundamental freedom of workers to change jobs, increasing innovation, a

New home sales have been one of the brighter housing stories since the home sales crash in 2022 — as we can see in the chart below, new home sales have been able to grow since then. This is one reason why the homebuilder stocks have done so well since November of 2022. The mistake some people made h

On Tuesday at The Gathering by HousingWire in Scottsdale, Arizona, Guild Mortgage CEO Terry Schmidt sat down with HousingWire editor in chief Sarah Wheeler to talk about the principles guiding much of the lender’s actions in recruiting, mergers and acquisitions (M&A) and overall business outlook.Bui

New York-based multichannel lender US Mortgage Corporation previously announced that it was renewing its efforts in the reverse mortgage industry, having hired industry veteran Ken Krajewski to serve as managing director and head of reverse mortgage lending.To go deeper into the company’s renewed ef

The U.S. Department of Labor (DOL) on Tuesday announced a new rule that governs retirement advice, requiring more financial advisers to follow stricter fiduciary standards when dispensing advice about retirement-focused investments.The rule is designed to “protect the millions of workers who are sav

loanDepot CEO Frank Martell expects the current mortgage market cycle to be “longer and tougher than anybody expected.” Adding to this challenge, lenders must deal with an increased risk of cyberattacks, something that loanDepot itself experienced earlier this year. “At least around loanDepot, peopl

Do you remember the last time you received a letter in the mail, in an envelope, that was hand-addressed to you? People remember snail mail simply because we don’t receive much of it. Emails are easily forgotten, end up in the spam folder, or are never opened at all — but a letter in the mail ensure

Imagine walking into a room teeming with 200 strangers. Scary, right? As an introverted real estate agent and coach, I know firsthand how challenging networking can be. I started Move Over Extroverts to teach other agents how to face their fears and clear this common hurdle. As introverts, being aro

New York City-based fintech startup Hitch announced the launch of its Hitch Home Equity White Label program in partnership with United Mortgage Corp. This iteration signals Hitch’s smooth transition from the direct-to-consumer market to a collaborative effort with independent mortgage lenders. Unite

We’ve researched the best Washington State real estate schools for every budget, schedule, and learning style. From Seattle and Spokane to Redmond and Coastal Washington, our guide will help you choose the best Washington real estate school and course package for your needs. The best real estate cla

Industry veteran Rick Roque has resigned from his position as corporate vice president at retail mortgage lender CrossCountry Mortgage (CCM) to join multichannel player Sierra Pacific Mortgage as executive vice president of retail. The transition was announced on Monday afternoon during a session at

With home sales still at historically low levels and uncertainty over the commission lawsuits, real estate brokerage executives prize good leads more than ever.Anthony Djon, CEO of Anthony Djon Luxury Real Estate, said his company gets 90% of its leads from listing portals Zillow and Realtor.com. To

Just hours after announcing his firm’s acquisition of 3D scanning firm Matterport, CoStar Group CEO Andy Florance took to the stage in Scottsdale, Arizona, at HousingWire’s annual conference, The Gathering, to discuss the news.“Photography is so 1989,” Florance said.According to Florance, the capabi

Remote online notarization (RON) platform Proof, formerly known as Notarize, has launched Proof Certificates, which aims to enhance certainty and security surrounding the identity of online notaries. A digital certificate is like a unique private key assigned to an individual and enables notaries to

After a couple weeks of big jumps for mortgage rates, we’re still seeing relatively surprising strength in the housing market. In fact, some measures of home prices are now at their all-time highs, having surpassed the previous peak of two years ago. We’re watching a few key factors to see if homebu

Earlier this month, California-based multichannel mortgage lender CMG Financial announced that it had acquired Norcom Mortgage’s retail assets to expand its operations in the Northeast. The deal, however, will not include core members of Norcom’s well-known team of reverse mortgage professionals, in

California Association of Realtors CEO John Sebree has departed the trade organization. In an announcement on Saturday, CAR said that Sebree was resigning to “pursue other opportunities.“On behalf of CAR’s leadership team and the Board of Directors, I’d like to thank John for his contributions and s