Keeping Current Matters

JULY 18, 2023

Before you decide to sell your house, it’s important to know what you can expect in the current housing market.

Marketing 217

Marketing 217

Housing Wire

JULY 18, 2023

Minneapolis-based U.S. Bank , the fourth-largest U.S. mortgage lender, is laying off staffers in its mortgage division this week, a spokesperson confirmed on Tuesday. The announcement follows a decline in its mortgage originations in the first quarter of 2023 – the second-quarter earnings will be released on Wednesday morning. The current jobs cut also comes amid rumors that depositary lenders would see changes to their residential mortgage capital requirements under the Basel III regulations.

Banks 370

Banks Mortgages Residential Lending 370

Real Estate News

JULY 18, 2023

NWMLS launches app; New Mexico MLS adopts Aligned Showings; CRMLS updates member dashboard; iGo acquires products; Clear Capital integrates with ICE API; more.

MLS 235

MLS 235

Housing Wire

JULY 18, 2023

Agent recruitment has been off to a strong start this month at The Agency Dallas. In recent weeks the brokerage has welcomed brokers and agents who have collectively closed over $110 million in the last 12 months, the company claims. Among those top performing agents are Grecia “GG” Garza, Francisco Rizo, Bret Whitfield and Eddie Wilbanks. Garza is joining The Agency after nine years at Rogers Healy Associates , where she closed $20 million in sale volume last year.

Agents 369

Agents Loan Officer Principal Brokerage 369

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Agents

Real Estate News

JULY 18, 2023

While rising interest rates have slowed the rate of increase, confidence is at its highest level in more than a year.

As-is 246

As-is 246

Housing Wire

JULY 18, 2023

Under the latest rumored changes to Basel III regulations , large depository institutions would see residential mortgage capital requirements that far exceed international standards, according to a report by Bloomberg. The Federal Reserve , Federal Depository Insurance Corporation and the Office of the Comptroller of the Currency , which together regulate large depository banks, are expected to unveil the proposed changes on July 27.

Lending 367

Lending Banks Mortgages Residential 367

Housing Wire

JULY 18, 2023

At an event marking the 55th anniversary of the passage of the Fair Housing Act (FHA) during the National Fair Housing Alliance 2023 National Conference, Federal Reserve Vice Chair for Supervision Michael Barr delivered remarks urging for the evolution of both the FHA and the Equal Credit Opportunity Act (ECOA) to reflect realities and dangers posed by emerging technologies in the mortgage space.

Lending 361

Lending Technology Banks Development 361

Inman

JULY 18, 2023

Palm Bay, Cape Coral and Tampa top WalletHub's list of the best markets for first-time homebuyers. However, a closer look at the rankings shows first-timers may need to sacrifice quality of life for affordability gains.

Marketing 146

Marketing 146

Housing Wire

JULY 18, 2023

For the seventh consecutive month, the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report rose month-over-month , gaining one-point to a reading of 56, according to a report released Tuesday. This is the index’s highest reading since June 2022. The NAHB/HMI report is based on a monthly survey of NAHB members, in which homebuilders are asked to rate both current market conditions for the sale of new homes and expected conditions for the next six months,

Sales 360

Sales Construction New Construction Finance 360

Inman

JULY 18, 2023

From July 24 to 28, Century 21 and its affiliated companies will raise money for nonprofits that address food, healthcare and education inequalities. C21 corporate has pledged to match up to $50K in donations to longtime nonprofit partner, Easterseals.

Brokerage 144

Brokerage Industrial 144

Advertiser: Trellis

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

Loans

Housing Wire

JULY 18, 2023

California Regional Multiple Listing Service (CRMLS) has announced the full release of its REcenterhub dashboard across its three MLS systems: CRMLS Matrix, CRMLS Paragon, and Flexmls. After being available as part of the REcenterhub ecosystem since 2022, it has now become the default dashboard for CRMLS’ user base of more than 110,000 real estate professionals.

MLS 357

MLS Development Design Industrial 357

Inman

JULY 18, 2023

Thanks to low inventory and high mortgage rates, just 14 homes out of 1,000 changed hands in the first six months of 2023, the lowest rate in a decade, according to data released Tuesday by Redfin.

Mortgages 143

Mortgages Marketing 143

Housing Wire

JULY 18, 2023

Denver, Colorado-based Maxwell , a mortgage fintech solutions platform, has announced that product development veteran Paul Wetzel has joined the company as senior vice president of product. Wetzel brings extensive experience in B2B and B2B2C software product leadership, mortgage-specific market strategy and company growth in various industries. In his new role, Wetzel will focus on enhancing and innovating Maxwell’s existing suite of software solutions by incorporating human-driven capabi

Loans 349

Loans Lending Mortgages Technology 349

Inman

JULY 18, 2023

Current and pending laws nationwide represent an invitation for discrimination against the AANHPI community, Asian Real Estate Association of America President Kurt Nishimura writes.

Agents 141

Agents Marketing 141

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Sales

Housing Wire

JULY 18, 2023

In the fast-paced and demanding world of real estate , a happy and motivated team can be the key to long-term success. As a leader, it’s crucial to invest time and effort in nurturing your team’s satisfaction and well-being. Here are five effective strategies to keep your team members happy and engaged, fostering a positive and productive work environment that they want to be a part of year after year. 1.

Development 344

Development Construction Industrial Closing 344

Inman

JULY 18, 2023

Named for its distinctive wing-shaped roof that resembles a butterfly, the property was designed and built by architect Frank Wynkoop in 1951. The sale marks one of the priciest ever to close in the area.

Design 140

Design Closing Sales 140

Housing Wire

JULY 18, 2023

Bank of America (BofA), a top-20 U.S. mortgage lender, reported on Tuesday significant improvements to its home loan business in the second quarter of 2023, just as competitors JPMorgan Chase and Wells Fargo did late last week. But executives at all three banks expect some major regulatory headwinds. Rumors are that large banks would see residential mortgage capital requirements that far exceed international standards under the Basel III rules, which are expected to be unveiled on July 2

Mortgages 338

Mortgages Banks Equity Residential 338

Inman

JULY 18, 2023

The co-founder of Countrywide Financial cast himself as the leader of the revolution to expand access to mortgage lending but became the public face of the subprime mortgage collapse.

Lending 136

Lending Mortgages Banks Industrial 136

Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty

Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.

Agents

RIS Media

JULY 18, 2023

Above: Rob Thomson In an era where many brokerages are cutting costs and shrinking in the face of a downturn in the market, luxury broker Rob Thomson of Jupiter, Florida, is doing the exact opposite. He has just committed a $1.5 million contract to long-term technology and marketing partner Real Estate Webmasters (REW) in order… The post Jupiter Broker Rob Thomson Makes Million-Dollar Bet on AI + Global MLS appeared first on RISMedia.

MLS 98

MLS Technology Brokerage Marketing 98

Inman

JULY 18, 2023

The power of incremental change is monumental. Small improvements every day will compound into extraordinary results over time, team leader Carl Medford says.

Agents 144

Agents 144

RIS Media

JULY 18, 2023

California Regional Multiple Listing Service (CRMLS) has fully released the REcenterhub dashboard across its three MLS systems (CRMLS Matrix, CRMLS Paragon and Flexmls). The REcenterhub ecosystem, available since 2022, has now become the default dashboard for all of CRMLS’ 110,000-plus users. The REcenterhub dashboard, developed internally by CRMLS, boasts new features to streamline productivity for… The post CRMLS Launches New Dashboard appeared first on RISMedia.

MLS 98

MLS Development Technology Industrial 98

Inman

JULY 18, 2023

Higharc, which offers an enterprise-level homebuilding visualization and business operations solution, has received a $15 million investment from a trio of notable innovation backers headlined by Home Depot Ventures, the venture capital initiative of the massive home goods retailer, according to Higharc.

New Construction 131

New Construction Construction Technology 131

Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.

Agents

Eye on Housing

JULY 18, 2023

While US homeownership rates have been rising since 2015 and received an extra boost during the post-pandemic housing boom, they remain below the levels reached during the housing boom of the mid-2000s. With the national trends reflecting fundamental drivers of homeowners, local markets often tell different and unique stories. NAHB’s analysis of the 2021 5-year ACS county-level data reveals substantial.

Marketing 98

Marketing 98

Inman

JULY 18, 2023

Lloyd spent about four years at Compass before her move, Inman has exclusively learned. She has helped facilitate nearly $200 million in sales across New York City over the course of her roughly 10-year career.

Sales 131

Sales Brokerage Agents 131

RIS Media

JULY 18, 2023

The National Association of REALTORS® (NAR) will host its virtual Real Estate Forecast Summit: Residential Update event Wednesday, August 2, 1 – 2 p.m. Eastern. The summit will provide an outlook on the residential housing market and commercial market, particularly for the second half of 2023. The forecast will be headlined by NAR Chief Economist… The post NAR to Host Virtual Real Estate Forecast appeared first on RISMedia.

Commercial 98

Commercial Residential Marketing Industrial 98

Inman

JULY 18, 2023

Savvy investors recognize that when your vacation home is empty, it’s just draining your bank account. Here’s how to turn it into a lucrative short-term rental.

Investor 131

Investor Banks 131

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Agents

Brownstoner

JULY 18, 2023

Bucking the trend of new faux affordable developments in north Brooklyn, a 14-story, 250-unit deeply affordable senior housing complex is planned for the corner of Grand Street and Bushwick Avenue in Bushwick. The site at 95 Bushwick Avenue is currently home to an early 20th century Neo-Classical bank building executed in… Read More > The post Former Chase Bank in Bushwick to Be Razed for New Affordable Senior Housing Development appeared first on Brownstoner.

Banks 98

Banks Development 98

Inman

JULY 18, 2023

Helping your clients understand the psychology of a changing market will make the job of selling their home much easier, writes trainer Bernice Ross.

Marketing 132

Marketing Closing Agents 132

RIS Media

JULY 18, 2023

A total of 185,580 U.S. properties had foreclosure filings in the first six months of 2023, up 13% from the same time period a year ago and up 185% from the same time period two years ago, according to a new report from ATTOM. ATTOM’s Midyear U.S. Foreclosure Market Report found that nationwide, 0.13% of… The post Foreclosure Activity Ticks Up in First Half of 2023 appeared first on RISMedia.

Marketing 98

Marketing Industrial Mortgages 98

Inman

JULY 18, 2023

CalHFA's Dream For All loan program for first-time homebuyers burned through the first $300 million funding round in less than two weeks.

Loans 135

Loans Finance Mortgages 135

Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty

The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.

Sales