Housing Wire
OCTOBER 26, 2023
Average mortgage rates on 30-year fixed home loans continued their march towards 8% this week as the Treasury yield surpassed 5%. Rates have been steadily climbing for seven straight weeks, the longest consecutive increase since Spring 2022, according to Freddie Mac ‘s Primary Mortgage Market Survey. The average 30-year, fixed-rate mortgage rose to 7.79% as of Oct. 26.
Real Estate News
OCTOBER 26, 2023
The defense in Sitzer/Burnett called on three experts to discuss the consequences of decoupling commissions, with one facing aggressive cross-examination.
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Housing Wire
OCTOBER 26, 2023
The servicing segment drove most of Pennymac Financial Services ’s earnings in the third quarter of 2023, just like its peers, Mr. Cooper and Rithm Capital. Profits at the California-based lender increased by 60% from July to September, compared to the prior quarter, with originations also boosting performance. Pennymac announced on Thursday a $92.87 million net income in Q3 2023, up from $58.2 million in the previous quarter but down from $135 million in Q3 2022, per Securities and Exch
Real Estate News
OCTOBER 26, 2023
After big declines in August, sales recovered slightly, but “pending contracts remain at historically low levels,” NAR Chief Economist Lawrence Yun noted.
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Housing Wire
OCTOBER 26, 2023
KANSAS CITY, Missouri — The ninth day of the Sitzer/Burnett commission lawsuit started off with some overnight news from the court. After filing a motion for a mistrial Wednesday morning, citing several grievances including “vulgar” footage from a Tom Ferry podcast featuring Allan Dalton and references to the Department of Justice’s investigation of the National Association of Realtors (NAR), defendant HomeServices of America learned it didn’t get its way.
Real Estate News
OCTOBER 26, 2023
The iBuyer will send potential sellers leads to the brokerage company, while Anywhere agents can present their sellers with a cash offer from Offerpad.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
OCTOBER 26, 2023
Expect a “more dramatic” seasonal slowdown in home sales as average rates near 8% scare off buyers.
Housing Wire
OCTOBER 26, 2023
New York-based Rithm Capital’s profits declined in the third quarter of 2023, when the real estate investment trust got involved in a dispute for Sculptor Capital Management and announced the acquisition of Specialized Loan Servicing. The deals are part of the firm’s plan to become a leading global asset manager, executives said. Rithm announced Thursday that it delivered a $194 million GAAP net income in the third quarter of 2023 — lower than the $357.4 million the prior quarter , p
Keeping Current Matters
OCTOBER 26, 2023
The idea of owning a home has always been a big part of the American Dream.
Housing Wire
OCTOBER 26, 2023
Real estate conglomerate Anywhere is teaming up with Offerpad to expand the iBuyer ‘s services nationwide, according to an announcement on Thursday. Offerpad operates in 14 states. The partnership extends Offerpad’s reach by allowing seller requests from areas outside of Offerpad’s current markets to be served by certified agents affiliated with the Anywhere Leads Network , a nationwide network of 500 brokers and more than 100,000 real estate agents.
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Inman
OCTOBER 26, 2023
The longtime film and TV set decorator turned to staging for NYC-based real estate firm Archpoint Advisory on the cusp of the WGA and SAG-AFTRA strikes, and is enjoying the opportunity.
Housing Wire
OCTOBER 26, 2023
Jason Christie New York City luxury agent Jason Christie has returned to Compass after two years at Serhant , the company announced on Thursday. Christie specializes in luxury real estate in Manhattan and the Bronx. He is also the founder of “Agents of Color,” a national referral network for BIPOC real estate professionals. Christie said he returned to the brokerage because of its technology, agent network and culture.
Inman
OCTOBER 26, 2023
RESAAS’s data provisioning and market insight tools address a wide array of needs in multiple real estate business centers. It's known especially for its MLS and brokerage communication modules.
Housing Wire
OCTOBER 26, 2023
Wednesday afternoon’s proceedings at the Sitzer/Burnett commission lawsuit trial continued with more testimony from HomeServices of America executives. After appearing in a video deposition on Monday as part of the plaintiff’s testimony, Rosalie Warner, a corporate representative for HomeServices of America and its affiliates, was in the Kansas City courtroom in person on Wednesday.
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Inman
OCTOBER 26, 2023
If you've been struggling with motivation, mindset and the strains of the current market, author and trainer Bernice Ross offers two dozen proven techniques to get you back on track.
Housing Wire
OCTOBER 26, 2023
In a groundbreaking development for the real estate and mortgage industries, HousingWire has announced the successful merger of HousingWire Annual and RealTrends’ Gathering of Eagles. The merger, which has been in the works for several months, brings together two powerhouse events that have been at the forefront of industry thought leadership. By joining forces, The Full Picture begins to emerge, creating business and knowledge opportunities for mortgage, real estate, title, and appraisal leader
Inman
OCTOBER 26, 2023
Sellers located outside of Offerpad markets who contact the iBuyer for services will be connected with eligible agents in the Anywhere Leads Network.
Housing Wire
OCTOBER 26, 2023
Thursday was a big day for title firm earnings, with three of the Big Four title insurers reporting their third-quarter 2023 earnings. The day began with Stewart’s Q3 2023 earnings call with investors and analysts. During the quarter, the smallest of the Big Four recorded a total revenue of $601.7 million, down from $716.4 million a year ago. Stewart’s net income also fell year over year dropping from $29.4 million in Q3 2022 to $14.0 million in Q3 2023.
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.
Inman
OCTOBER 26, 2023
The Pending Home Sales Index, representing the number of homes that went under contract, rose 1.1 percent between September and August.
RIS Media
OCTOBER 26, 2023
Buying a home is a significant milestone in anyone’s life. It often comes with many decisions and complexities. One of the smartest moves you can make as a homebuyer is to enlist the services of a buyer’s agent. But what does a buyer agent do, and how can they help you in your real estate… The post Is Having a Buyer’s Broker Really Necessary?
Inman
OCTOBER 26, 2023
Find out how this Florida brokerage leader combines selflessness, diligence and patience to achieve remarkable results.
RIS Media
OCTOBER 26, 2023
Real gross domestic product (GDP), the most accurate measure of a country’s broad economic growth, defied expectations in the third quarter, showing the economy grew at an annualized pace of 4.9%, according to the latest “advance” estimate from the U.S. Commerce Dept.’s Bureau of Economic Analysis (BEA) released Thursday. In the second quarter, real GDP… The post U.S.
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.
Bigger Pockets
OCTOBER 26, 2023
ROI in real estate measures the profitability of an investment property. It's the ratio of net profit to the initial investment. In simple terms, a higher ROI indicates a more lucrative investment, while a lower one suggests lower returns.
RIS Media
OCTOBER 26, 2023
KANSAS CITY—Judge Stephen R. Bough, presiding over the landmark Burnett class-action lawsuit, yesterday denied a petition by defendant HomeServices of America for a mistrial, saying that alleged misconduct and prejudicial actions by the plaintiffs did not warrant starting over in front of a new jury. “The Court finds that mistrial is too drastic a remedy… The post COURT UPDATE: Judge Denies Petition for Mistrial; NAR Loses Bid For Immediate Judgment appeared first on RISMedia.
Bigger Pockets
OCTOBER 26, 2023
In real estate, refinancing is the process of replacing an existing mortgage with a brand-new one with more favorable terms. By refinancing, borrowers can decrease monthly mortgage payments, negotiate lower interest rates, renegotiate the term, remove other borrowers from the loan agreement, and/or access cash through home equity that has been built over time.
RIS Media
OCTOBER 26, 2023
Wednesday’s most consequential courtroom moments during the ongoing commissions trial took place without the jury present when Judge Stephen R. Bough ruled against a petition for a mistrial—requested by the defense after the plaintiff’s played a surprise inflammatory video of a Berkshire Hathaway HomeServices executive sharing an unsavory tactic for handling commission objections—and dismissed a… The post Gino Blefari Takes the Stand in Defense of HomeServices, Industry at Larg
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HomeLight
OCTOBER 26, 2023
People looking to sell their homes often encounter two terms that both try to convey the value of their house: market value and appraised value. In real estate, these have distinct meanings, and it’s helpful to understand the difference. When you decide that you want to sell your house, you might use a tool like HomeLight’s Home Value estimator to get a ballpark idea of its market value and how much you could ask for it, or work with a top agent to develop a pricing strategy for putting your hom
RIS Media
OCTOBER 26, 2023
Top row from left: Sherri Johnson, Donnie Samson, Jackie Louh, Robyn Erlenbush and Dava Davin. Bottom row, from left: Mike Pappas, Matthew O’Connor, Diane Ramirez and Hadi Atri. Not pictured: moderator Kate Reisinger. Photos by AJ Canaria. When the residential real estate industry experiences a downturn like it has this year, and with no expectations for… The post Future Fine-Tuning: How to Ensure That Your Agents Will Thrive Going Forward appeared first on RISMedia.
HomeLight
OCTOBER 26, 2023
With fewer families eating together at home, some trend watchers have cast the formal dining room as a stuffy relic from the past that sits empty 360 days out of the year. But according to the National Association of Realtors’ 2023 Profile of Home Staging, 62% of buyers say a staged dining room is important. Laura Sanders , a top real estate agent in Coral Springs, Florida, with more than two decades of experience echoes: “I had a listing that took me a long time to sell, and the biggest complai
RIS Media
OCTOBER 26, 2023
Chris Pelkola Lee, broker/owner of simpLEE HOME®, leverages her role as national president of the Women’s Council of REALTORS® to provide wisdom and guidance to real estate professionals nationwide. Through mentorship, continuous learning and her own community involvement, Lee helps women actualize their potential as business leaders in the industry and the communities they serve.… The post Women In Real Estate: Fostering an Inclusive and Equitable Future appeared first on RISMedia.
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.
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