Housing Wire

DECEMBER 6, 2023

Falling mortgage rates last week brought increased demand. Total home loan applications increased 2.8% for the week ending Dec. 1 compared to the previous week , according to data from the Mortgage Bankers Association (MBA). The 30-year fixed-rate mortgage averaged 7.17% last week. Slower inflation and the confidence financial markets have that we are nearing the end of the Fed ’s hiking cycle has brought mortgage rates to the lowest level since August.

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VA loan Mortgages FHA loan Fixed-rate mortgage 518

Real Estate News

DECEMBER 6, 2023

Buyer’s agents in 2023 were at the center of questions about compensation — and their value. But those who have made it through are confident of their worth.

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Agents 297

Housing Wire

DECEMBER 6, 2023

In September 2022, the 30-year fixed mortgage rate averaged 6.1%, according to Freddie Mac data. Fast-forward one year, and the rate averaged 7.2%, an expensive difference for many homebuyers (rates have since started to drop ). But compare mortgage delinquencies over the same period: 2.8% in September 2022, 2.8% in September 2023, according to CoreLogic data.

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Mortgages Principal Staging Loans 455

Real Estate News

DECEMBER 6, 2023

The Florida Association of Realtors and 16 brokerages are named in the seventh major antitrust case filed by home sellers since the Sitzer/Burnett verdict.

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Brokerage 289

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Housing Wire

DECEMBER 6, 2023

More home sellers on the East Coast are getting in on the commission lawsuit action. Plaintiffs in Florida and Pennsylvania filed lawsuits on Monday, accusing real estate industry players of allegedly colluding to artificially inflate real estate agent commissions. Both lawsuits are seeking class-action status. Similar to the other commission lawsuits, the latest two take aim at the National Association of Realtors’ Participation Rule, which requires the listing broker to make a blanket offer of

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MLS Brokerage Agents Industrial 439

Real Estate News

DECEMBER 6, 2023

Keller Williams also announced automated market snapshots and additional features as its CRM platform joins others in adding ChatGPT-powered capabilities.

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Marketing 241

Keeping Current Matters

DECEMBER 6, 2023

Does the rising cost of just about everything these days make your dream of owning your own home feel less within reach?

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Housing Wire

DECEMBER 6, 2023

Miami-based fintech provider LoanPASS integrated Uplist ’s suite of home-shopping tools into its pricing engine, the company announced in November. The partnership will boost loan officers ’ capacity to deliver personalized, efficient and tech-powered solutions directly to their clients and agents. The addition of some of Uplist’s tools such as SmartView, Quick Quotes or SmartBuyers will allow lenders to enhance the homebuying experience.

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Loan Officer Banks Lending Loans 418

Real Estate News

DECEMBER 6, 2023

Cloze and Realscout team up; Stellar MLS partners with RentSpree; InspectionGo promotes COO to president; Addressable shuts down.

MLS 226

MLS 226

Housing Wire

DECEMBER 6, 2023

The Community Home Lenders of America (CHLA) submitted a letter to the Federal Housing Finance Agency (FHFA) expressing its support for the use of attorney opinion letters (AOLs) on Wednesday. In the letter addressed to FHFA Director Sandra Thompson , the CHLA says that it supports the use of AOLs in lieu of title insurance , “in conjunction with Enterprise mortgage loans, subject to reasonable standards.

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Title Due diligence Land Loans 415

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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

Inman

DECEMBER 6, 2023

Mortgage rates keep falling after Powell tries to deflate expectations for the spring rate, as three new reports released this week suggest the economy is, in fact, losing steam.

Mortgages 188

Mortgages As-is Marketing 188

Housing Wire

DECEMBER 6, 2023

Real estate transactions are rarely stress-free. A home purchase or sale might be the most significant financial commitment a person makes in their lifetime, and many sales are layered with complicated feelings. When you combine money and emotions, you’re bound to face some challenges. When the inevitable occurs, here are eight crisis management tips for handling difficult situations. 1.

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Due diligence Technology Property Management Commercial 413

Inman

DECEMBER 6, 2023

In separate lawsuits, homesellers allege the defendants — including Florida Realtors and West Penn MLS — conspired to enforce rules that inflated commissions on the sale of their homes.

Brokerage 189

Brokerage MLS Sales 189

Housing Wire

DECEMBER 6, 2023

Pennymac Financial Services is the latest mortgage company to issue debt in a challenging housing market. The California-based company announced on Wednesday it intends to offer a $650 million aggregate principal amount of senior notes due in 2029. “Proceeds from the offering will be used to repay a portion of the Company’s secured term notes due 2025 and for other general corporate purposes,” Pennymac said in an 8-K filing with the Securities and Exchange Commission (SEC).

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Principal Equity Mortgages Investor 388

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Navigated 360° tours, like YourVRTours, advance pipelines by engaging clients further along the sales funnel. These immersive experiences provide comprehensive property insights, increasing buyer intent and readiness. By embracing navigated tours, agents can optimize property exposure, better qualify leads, and streamline the sales process. Stay ahead in the ever-evolving real estate landscape with innovative technology that elevates buyer journeys and progresses pipelines more effectively.

Sales

Inman

DECEMBER 6, 2023

On a recent podcast, the Corcoran Group founder shared her strategy for success in real estate investment that she says has helped earn her a net worth of $100 million.

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Housing Wire

DECEMBER 6, 2023

CBC Mortgage Agency – a federally chartered housing finance agency – will offer two temporary rate buydown features for its down payment assistance (DPA) program for Federal Housing Administration (FHA) loans. The agency is the first to provide either a 2-1 rate buydown or a 1-0 rate buydown on a DPA program. “The addition of a 2-1 and a 1-0 buydown feature is CBC Mortgage Agency’s continued response to the ongoing effect of the higher interest rates,” said Cari Zwick, CBC Mortgage Agency’s nati

FHA loan 381

FHA loan Loans Mortgages Finance 381

Inman

DECEMBER 6, 2023

Coaches Emily Bossert and Melanie Klein offer tips for living a life by design when you think ahead and set your intentions for personal and professional success in 2024.

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Design Agents 158

RIS Media

DECEMBER 6, 2023

The baseline conforming loan limit (CLL) for most U.S. mortgages backed by Freddie Mac and Fannie Mae in 2024 has increased from $726,200 to $766,550, an increase of $40,350 or 5.56% from 2023, according to the annual release by the Federal Housing Finance Agency (FHFA) this past Tuesday. The Housing and Economic Recovery Act (HERA)… The post FHFA Announces Conforming Loan Limit Values for 2024 appeared first on RISMedia.

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Loans Finance Mortgages Industrial 125

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

Inman

DECEMBER 6, 2023

The sale of the Como Residences penthouse, located on the exclusive Palm Jumeirah archipelago, is the priciest ever to close in Dubai. The penthouse is expected to be complete in late 2027.

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Development Sales Closing 152

Bigger Pockets

DECEMBER 6, 2023

There have been a lot of interesting threads in the economic space lately. The biggest stories have surrounded attempts to predict what the Federal Reserve will do in 2024.

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Inman

DECEMBER 6, 2023

Author and trainer Bernice Ross writes that the addition of Python to the already-robust marketing capabilities of ChatGPT creates a winning combination for your 2024 content planning.

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Marketing Technology Agents 152

Bigger Pockets

DECEMBER 6, 2023

A top firm spoke out last week, saying that all indicators pointed towards the Fed lowering rates at least six times in 2024. Is this possible?

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123

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

Inman

DECEMBER 6, 2023

CEO Mike Nolan says FNF has resumed normal operations, and that customer disruption from the cybersecurity incident was "relatively brief" and included the Thanksgiving holiday weekend.

Title 150

Title Land Technology Industrial 150

RIS Media

DECEMBER 6, 2023

As 2023 is coming to a close, there’s a lot of predictions up in the air for what the housing market is going to look like in 2024. Will mortgage rates come down? Will prices? Will the market crash? There’s a lot of questions, but one of the biggest is what markets are going to… The post The Housing Markets That Will Dominate 2024 appeared first on RISMedia.

Marketing 109

Marketing Closing Mortgages As-is 109

Inman

DECEMBER 6, 2023

The National Association of Realtors' for-profit venture capital arm, Second Century Ventures, runs the program. Applications are due by Jan. 31.

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MLS Technology 165

RIS Media

DECEMBER 6, 2023

Another week, another commission lawsuit (or three). As bigger, national lawsuits continue to move slowly through the courts, attorneys in three states have decided to emulate the plaintiffs in Burnett, and bring very similar claims—that REALTOR® associations are conspiring with big brokerages to inflate commissions—to their regions. The Burnett case, which saw a jury award… The post New State-Level Commission Suits Target Smaller Brokerages appeared first on RISMedia.

Brokerage 109

Brokerage MLS Industrial 109

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Agents

Inman

DECEMBER 6, 2023

Joining the fast-moving, tech-forward brokerage are Group O’Dell Real Estate Team, The Andy Blake Group, Applebaum KC Homes and Long Real Estate, all of the greater Kansas City metropolitan area.

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Brokerage 146

Brownstoner

DECEMBER 6, 2023

The striking William Tubby-designed manse at the corner of Prospect Park West and 2nd Street has sold for $13.5 million in an off-market deal to an undisclosed buyer, according to The Real Deal. The sale has yet to hit public records. Notably, the deal closed for considerably less ($17 million) than… Read More > The post Landmarked Park Slope Mansion, Home to Society for Ethical Culture, Sells for $13.5 Million appeared first on Brownstoner.

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Design Closing Sales Marketing 105

Inman

DECEMBER 6, 2023

Charlie Munger, legendary philanthropist and business partner to Warren Buffett, died Nov. 28 at the age of 99. Inman founder Brad Inman recalls a consequential meal with the venerable investor.

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Investor Agents 146

Fancy Pants Homes

DECEMBER 6, 2023

He’s a wise-cracking country crooner who caught the heart of a ’90s pop icon. Together, Blake Shelton and Gwen Stefani make up a beloved power couple that we just can’t get enough of. They may have seemed like an odd pair at first but there was NO DOUBT that their love was real. How did this unlikely duo find each other? The two developed a friendship while working together at The Voice and bonded over their respective divorces in 2015.

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Development As-is 105

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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