Lety  SyCip

Lety SyCip

REALTOR®

License #: CA DRE 01066644

REALTY EXPERTS®

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WATCH: Ryan Serhant on real estate’s innovation problem

USA Real Estate News-Inman - Fri, 2024-02-16 11:28
At Inman Connect New York, the SERHANT. founder and CEO issued a challenge to the real estate industry to innovate rather than react.

Commission, commission, commission: Inman’s Top 5

USA Real Estate News-Inman - Fri, 2024-02-16 10:54
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Consumer Sentiment Continues to Warm in February

USA Real Estate News-RISMedia - Fri, 2024-02-16 10:32

Consumers’ feelings continue to thaw toward the economy this winter, according to the latest data from the University of Michigan. Consumer sentiment grew an astounding 0.8% in February, following a 13.1% leap in January and a sharp increase in December. “The fact that sentiment lost no ground this month suggests that consumers continue to feel…

The post Consumer Sentiment Continues to Warm in February appeared first on RISMedia.

Opendoor Q4 Revenue, Homes Sold Plummet as CEO Looks to ‘Rescale Business’

USA Real Estate News-RISMedia - Fri, 2024-02-16 09:55

Opendoor Technologies Inc., an e-commerce platform for residential real estate transactions, on Feb. 15 reported financial results for Q4 and full-year 2023. The numbers, like so many industry companies after the bruising year, were not good.  While the company earned $870 million in Q4 revenue, it was a 70% drop versus Q4 2022. A net…

The post Opendoor Q4 Revenue, Homes Sold Plummet as CEO Looks to ‘Rescale Business’ appeared first on RISMedia.

Mortgage Mix: Rates Show Moderate Rise While Applications Pull Back

USA Real Estate News-RISMedia - Fri, 2024-02-16 09:48

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. According to the Primary Mortgage Market Survey® from Freddie Mac, last updated Thursday, February 15, 2024, the 30-year mortgage rate sits at 6.77%. The 15-year mortgage rate currently stands at 6.12%. As noted by Mortgage…

The post Mortgage Mix: Rates Show Moderate Rise While Applications Pull Back appeared first on RISMedia.

Inside Real Estate Launches 2024 with New Innovations in AI, Platform & Home Ownership Tech

USA Real Estate News-RISMedia - Fri, 2024-02-16 09:30

Inside Real Estate announced a wave of new product innovations and enhancements, as well as a look at their 2024 roadmap, designed to make it easy for their clients to increase productivity and profit through a fully connected front-to-back office ecosystem. In a recent webinar for InsideRE clients, the company detailed innovative new enhancements to…

The post Inside Real Estate Launches 2024 with New Innovations in AI, Platform & Home Ownership Tech appeared first on RISMedia.

DOJ Calls for “Decoupled” Commissions in Rebuke of Lawsuit Settlement

USA Real Estate News-RISMedia - Fri, 2024-02-16 08:34

In a lengthy and methodical court filing late last night, lawyers for the Department of Justice (DOJ) excoriated a recently proposed settlement in one of the many ongoing commission lawsuits, in a move that is sure to cast doubt on other settlements agreed to by real estate companies, and foreshadows a separate push by federal…

The post DOJ Calls for “Decoupled” Commissions in Rebuke of Lawsuit Settlement appeared first on RISMedia.

Strength in home prices helped boost Fannie, Freddie 2023 profits

USA Real Estate News-Inman - Fri, 2024-02-16 05:39
With a combined net worth of $125 billion after earnings this week, the mortgage giants remain on a path that could lead to eventual release from government conservatorship if political winds shift.
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