Calculated Risk Real Estate
JUNE 7, 2023
A key pitch, by real estate agents for home buyers right now, is that they will likely be able to refinance at a lower mortgage rate in a few years. The argument is that once the Federal Reserve has inflation back down to the 2% target, 30-mortgage rates will decline, perhaps to around 5% or lower. Of course, no one expects to see 3% mortgage rates without another crisis.
Housing Wire
JUNE 7, 2023
After the recent extraordinary show of force defending changes to LLPAs by federal regulators and their friends, the forest through the trees risk remains in focus to me. One of the great concerns I have, as both a former regulator and the former head of a major industry trade association, is the downside risk of keeping the GSEs in conservatorship any longer.
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Real Estate News
JUNE 7, 2023
CoreLogic reported that national home price growth slowed to just 2% year over year in April, but gains (and losses) varied locally.
Housing Wire
JUNE 7, 2023
A 10 basis point decline in mortgage rates last week wasn’t enough to spur consumer demand for mortgages , according to the latest figures from the Mortgage Bankers Association. For the week that ended June 2, mortgage applications fell 1.4% from the prior week. That was despite mortgage rates dropping to 6.81% from 6.91% during roughly the same period.
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Real Estate News
JUNE 7, 2023
REdistribute, which sells data from participating MLSs to institutional users, now covers nearly half of U.S. residential properties.
Housing Wire
JUNE 7, 2023
Is this a glimpse of the future in the Southwest? Arizona state officials announced last week that there is not enough groundwater for all of the construction that has already been approved in the Phoenix area. The state paused approving new housing subdivisions in the Phoenix area that would have relied solely on groundwater, which is likely to limit expansion in fast-growing (and, relatively speaking, affordable) areas outside of Phoenix.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
JUNE 7, 2023
High home prices and mortgage rates are continuing to constrain affordability in housing markets nationwide. As a result, consumers’ perceptions on home buying and selling have further diverged. Fannie Mae ‘s Home Purchase Sentiment Index (HPSI) — which tracks the housing market and consumer confidence with selling or buying a home — declined by 1.2 points in May to 65.6.
Inman
JUNE 7, 2023
The real estate giants' omission from Fortune's annual list of the biggest companies illustrates just how far industry players have fallen as a result of a housing contraction that began in 2022.
Housing Wire
JUNE 7, 2023
The acquisition of Roostify by CoreLogic aims to streamline the user experience in the mortgage application process. By incorporating Roostify’s mortgage application software into CoreLogic’s suite of products, clients can benefit from an end-to-end integrated workflow to the loan origination process. This integration will simplify the application process, reducing manual tasks and providing real-time updates on loan status, providing a superior customer experience for lenders and financial inst
Inman
JUNE 7, 2023
The U.S. Department of Justice wants "to resume its consequential investigation of conduct that affects over $100 billion in broker fees paid by Americans annually," according to an appeal.
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Housing Wire
JUNE 7, 2023
The title industry is well acquainted with the gray areas surrounding the 1974 Real Estate Settlement Procedures Act (RESPA) , which governs how real estate agents, mortgage lenders and title providers interact and bans things like kickbacks. “Regulators would like to think that their rules are very black and white, the problem is that black and white creates grey space,” Jerra Ryan, the vice president of Firstline Compliance, LLC , told National Settlement Services Summit (NS3) attendees gather
Inman
JUNE 7, 2023
Adina Azarian died Sunday when the small plane she was on crashed in Virginia. Investigators are now exploring the possibility that hypoxia impacted people on the Cessna 560 Citation V.
Housing Wire
JUNE 7, 2023
The Mortgage Bankers Association (MBA) announced on Wednesday that Christine Chandler, the executive vice president, chief credit officer, and chief operating officer of M&T Realty Capital Corporation (RCC), has been nominated to serve as MBA’s vice chair for the 2024 membership year. The installation of Chandler is expected to take place at the association’s 110th Annual Convention in Philadelphia later this month. “Christine is a passionate and influential leader in real
Inman
JUNE 7, 2023
A new report released by Redfin found that 33.4 percent of home purchases were made in cash during April 2023 — up from 30.7 percent a year earlier.
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Eye on Housing
JUNE 7, 2023
The latest labor force statistics from the 2021 American Community Survey show that the construction industry continues to struggle to attract younger workers. While workers under the age of 25 comprised 13.6% of the US labor force, their share in the construction industry reached only 10.0% in 2021. Meanwhile, the share of older construction workers ages 55+ increased from less.
Inman
JUNE 7, 2023
Although cold calling has traditionally been used as the leading sales prospecting approach, alternative strategies often yield better outcomes in today’s business landscape. Marketing expert Diana Zaya shares lead gen ideas to take you beyond the phone call.
RIS Media
JUNE 7, 2023
Editor’s Note: Social Skills is a bi-monthly feature in RISMedia’s Daily News focused on social media and digital marketing tips, trends and solutions for agents and brokers. Events, events, events! Any REALTOR® in the business can—and will—tell you that hosting or getting involved with events is such an important way to generate leads among your… The post Social Skills: Summer Events to Generate Leads and Beat the Heat appeared first on RISMedia.
Inman
JUNE 7, 2023
"We invested heavily into building our end-to-end software solution for rent reporting and consumer app layer and now we’re focused on revolutionizing the entire renter experience," said Boom CEO and co-founder Rob Whiting.
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.
RIS Media
JUNE 7, 2023
The Institute’s Luxury Market Report is your guide to analysis on the trends and comparative data in the top residential markets across Canada and the United States. May’s report examines the current statistics of the luxury market in North America on a month-to-month basis, along with the 13-month trend. This month, we explore new mindsets… The post New Luxury Market Report Examines Affluent-Priority Shifts, Hot Markets appeared first on RISMedia.
Inman
JUNE 7, 2023
During the 18 months that have taken place since the acquisition, the firm has gradually rolled out its proprietary technology, pl@tform, to Christie's affiliates and early adopters are now seeing "great impacts," said Thad Wong.
Brownstoner
JUNE 7, 2023
In the News Make Way for the Bike Bus [NYT] Longtime Prospect Park Employee Honored After 26-Year Career [BP] Greenpoint Open Studios Returns This Weekend [Greenpointers] Greenpointers Rally For Safer Streets Where Cyclist Killed [Streetsblog] NYC Air Pollution Among World’s Worst From Canada Wildfire Smoke [CNN] Big Bad Berghain Bouncer Shows Brooklyn His Berlin Portraits [New… Read More > The post Daily Links: Sepia Haze From Wildfires Coats Brooklyn as Air Quality Level Hits 218 app
Inman
JUNE 7, 2023
As the market for proptech nears $100 billion, executives at companies like Contactually and Trackxi are grappling with a paradox: As supply grows, demand from brokerages and agents is narrowing.
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.
RIS Media
JUNE 7, 2023
Above: Sonny Downey, left, and Raymond Rivera Raymond Rivera CEO Sonny Downey President United Real Estate | Gallery Jacksonville, Florida [link] Region served: Greater Jacksonville and Northeast Florida Years in real estate: Ray: 18; Sonny: 20 Number of offices: 8 Number of agents: 400 Why did you choose United Real Estate’s national network? Raymond Rivera:… The post appeared first on RISMedia.
Inman
JUNE 7, 2023
Restb.ai, a software company that has pioneered use of computer vision, a form of artificial intelligence, in the residential real estate space, has cemented its latest multiple listing service relationship.
RIS Media
JUNE 7, 2023
As of 2022, adult Gen Zers (ages 18-25) account for 14.91% of potential homebuyers across the nation’s 50 largest metros, and this metric is only expected to grow in the coming years. As Gen Z’s homeownership grows, where is the demographic looking at buying? LendingTree’s new report analyzed mortgage purchase requests from adult Gen Z… The post The 10 Most Popular Metros for Gen Z Homebuyers appeared first on RISMedia.
Inman
JUNE 7, 2023
Some Fed policymakers say even if they skip hiking rates next week to assess the latest inflation data, that doesn't mean they're ready to pause altogether.
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RIS Media
JUNE 7, 2023
A survey, conducted by tech services company Mphasis Digital Risk, found that “home envy” is stronger among generations Z and Y. The survey shows responses from 1,386 Americans aged 46 or younger across the spectrum from lower to upper middle income. 74% percent of respondents indicated they currently own a home; the same percentage agreed… The post Home Envy ‘Rampant’ Among Younger Generations appeared first on RISMedia.
Inman
JUNE 7, 2023
Whether you've always hated cold calling or never started in the first place, these ideas from social media strategist Michelle Berman-Mickel, will help you lead gen on Instagram instead.
Real Trends
JUNE 7, 2023
Real estate agents have a lot on their plates, which is a key reason why they should use artificial intelligence (AI) technology tools when possible to streamline their workflow. But these tools aren’t just capable of making you more productive; they can also encourage more potential clients to buy your properties or sell with your brokerage. With so many different tools available to use, it can be hard to choose one that fits your needs.
Inman
JUNE 7, 2023
These 12 principles can act as guideposts and mile markers to measure your forward progress, writes mega-team leader Carl Medford. Do not take shortcuts.
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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