Keeping Current Matters
AUGUST 17, 2023
In today’s housing market, there are two main affordability challenges impacting buyers: mortgage rates that are higher than they’ve been the past couple of years, and rising home prices caused by low inventory.
Housing Wire
AUGUST 17, 2023
The Consumer Finance Protection Bureau (CFPB) issued orders against Freedom Mortgage Corporation and Realty Connect USA Long Island for illegal kickbacks on Thursday, the first enforcement action associated with the 1974 Real Estate Settlement Procedures Act in six years. According to the CFPB, Freedom provided real estate agents and brokers with incentives, including cash payments, paid subscription services, and catered parties in exchange for agent and broker referrals for mortgage loan offer
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Real Estate News
AUGUST 17, 2023
After a fourth week of increases, average rates reached 7.09% this week, passing last fall's peak.
Housing Wire
AUGUST 17, 2023
The 10-year yield closed today above my key level of 4.25%: Does that mean mortgage rates will hit 8%? To understand what’s happening, here’s how I look at the bond market and mortgage rates in my forecast for 2023. In my 2023 forecast , the range on the 10-year yield was between 3.21%-4.25%, emphasizing that the bond yields can go lower than 3.21% only if the labor market breaks — which would require jobless claims to go over 323,000 on a four-week moving average.
Advertisement
Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.
Real Estate News
AUGUST 17, 2023
Tom Hurdelbrink will step down in December, with NWMLS general counsel Justin Haag moving into the top spot.
Housing Wire
AUGUST 17, 2023
Though the National Association of Realtors is not out of the legal woods yet, the trade group does have reason to celebrate. A federal court judge on Wednesday dismissed all antitrust allegations made by REX Real Estate against NAR and Zillow. The remaining claims in the case are all against Zillow, meaning that NAR is no longer a defendant in the case and will not have to participate if it heads to trial next month as scheduled.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
AUGUST 17, 2023
Reflecting the housing industry’s headwinds, just 16 mortgage lenders and brokers made the annual list of Inc. Magazine ‘s 5,000 fastest-growing private companies in the U.S. for 2023. It’s a sharp decline from 2022, when nearly 70 mortgage lenders and brokers were named. The companies are U.S.-based, privately held and independent as of Dec. 31, 2022.
Inman
AUGUST 17, 2023
The latest product of Spencer Rascoff's 75 & Sunny Labs, heyLibby takes care of engaging and tracking leads for business owners. The free platform takes less than five minutes to set up, the company said.
Housing Wire
AUGUST 17, 2023
With the housing industry down across the board, upstart title insurance firms couldn’t maintain strong growth rates in 2023. Just three title insurance firms made the annual Inc. 5000 list, a growth-based ranking of U.S.-based privately held and independent companies. Nine title insurers made the list in 2022. Each business had a minimum revenue of $190,000 in 2019 and $2 million in 2022, according to the business magazine.
Inman
AUGUST 17, 2023
New Inman contributor and tech CEO Sheila Reddy writes that technology and consumer sentiment are trending toward curated information and experiences. Real estate professionals are well-positioned to capitalize on this trend simply because it’s what they already do.
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.
Housing Wire
AUGUST 17, 2023
Independent mortgage banks (IMB) reported an average net loss of $534 on each loan originated from April to June, down from $1,972 per loan in the first quarter of 2023, according to the Mortgage Bankers Association (MBA). The average pre-tax production loss was 18 basis points in Q2. Including both the production and servicing business lines, 58% of retail mortgage companies were profitable in Q2, up from 32% in the first quarter of 2023.
Inman
AUGUST 17, 2023
Join Jordan Cohen, No. 1 RE/MAX agent worldwide, for key insights on taking advantage of every opportunity and succeeding in listing interviews to earn more trust and win more business.
Housing Wire
AUGUST 17, 2023
Bank of America (BofA) prevailed in a court case brought against it by Cook County , Illinois , which sued the bank alleging predatory mortgage loans to Black and Hispanic borrowers in the Chicago area. The news was first reported by Bloomberg Law. Cook County initially sued BofA and other banks in 2014, alleging that the company had violated the Fair Housing Act in making credit too easily available to borrowers in the Chicagoland area with mortgages the county described as “unchecked or improp
Inman
AUGUST 17, 2023
Think ahead and communicate effectively with your future business, broker Gavin Payne writes. It will pay dividends in the years to come and set you up for success.
Advertisement
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.
Housing Wire
AUGUST 17, 2023
Mortgage rates continued to climb this week as U.S. bond yields hit their highest level since 2008. Despite the turbulence, some analysts said a debt crisis is not imminent. According to those analysts, investors in the bond market are reacting to the government issuing debt and expecting the Federal Reserve to increase rates in September amid persistent inflation.
Inman
AUGUST 17, 2023
As Zillow's Listing Showcase rolls out, it’s becoming clear that it will play a central role on the seller side of the business as it unlocks new premium revenue streams.
Housing Wire
AUGUST 17, 2023
You’re certainly familiar with traditional banking institutions in the mortgage industry, but how familiar are you with neobanks? Neobanks are an emerging set of technology-forward, online-focused fintechs , providing banking services in partnership with a traditional bank — you may have heard of Sofi, Revolut, Klarna or Chime, but there are more out there and more to come.
Inman
AUGUST 17, 2023
Real estate companies and related industries faced down the down market by cutting costs to offset declines in revenue.
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.
Housing Wire
AUGUST 17, 2023
The first thing we go through when I work with real estate brokerages — whether it’s in helping them to streamline their technology or to prepare for sale — is their financials. And, one thing that I always spot in these financials is excess spending. I’m not judging them on how much they’re spending, rather, on how they’re spending money on products and services that are redundant.
Inman
AUGUST 17, 2023
Don't miss the best Inman Connect Las Vegas sessions and takeaways designed especially for brokers' unique needs.
RIS Media
AUGUST 17, 2023
In a program designed to honor real estate agents who are new to the business yet already achieving extraordinary results, RISMedia’s second-annual Real Estate Rookie of the Year Award program, sponsored by Colibri Real Estate, today revealed the Top 25 regional finalists for 2023. Five regional winners will be chosen from among the Top 25,… The post RISMedia Unveils Top 25 Rookie of the Year Finalists appeared first on RISMedia.
Inman
AUGUST 17, 2023
Learn how this Florida broker leads with a service-oriented approach and a focus on the real estate fundamentals.
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.
Eye on Housing
AUGUST 17, 2023
Confidence in the market for new multifamily housing was in positive territory for the second quarter, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB). The MMS produces two separate indices. The Multifamily Production Index (MPI) had a reading of 56 for the first quarter while the Multifamily Occupancy Index.
RIS Media
AUGUST 17, 2023
As a widespread MLS outage extends into its second week, the nation’s largest MLS—which was not affected by the apparent ransomware attack that took down Rapattoni-powered databases and services—is reaching out to help those still without MLS access. A spokesperson for CRMLS said they are offering free MLS access and assistance to non-members who have… The post CRMLS Welcomes Rapattoni Refugees as MLS Outage Continues appeared first on RISMedia.
Brownstoner
AUGUST 17, 2023
Got a project to propose for The Insider? Contact Cara at caramia447 [at] gmail [dot] com. This bow-front townhouse, built at the turn of the last century, is typical of its leafy neighborhood, with bay windows on all three stories, decorative details carved into its limestone facade, an elaborate cornice, and… Read More > The post The Insider: Nearly Intact Windsor Terrace Limestone Gets a Full-on Refresh for Young Family appeared first on Brownstoner.
RIS Media
AUGUST 17, 2023
CENTURY 21 Circle has announced the company has named Melissa Archer-Wirtz its new CEO. The former chief operating officer of two Chicago firms, Archer-Wirtz has more than 15 years of real estate leadership experience. In her new role, Archer-Wirtz will oversee the company’s brokerage, title and insurance operations across Illinois, Indiana and Florida, totaling more… The post Century 21 Affiliate Chooses New CEO appeared first on RISMedia.
Advertisement
Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.
Bigger Pockets
AUGUST 17, 2023
The common saying is "it's always the best time to get into real estate," but is that true? There's five factors that really determine if it is.
RIS Media
AUGUST 17, 2023
The housing market is daunting to many homebuyers. Trying to understand the ins and outs of home-buying and home-owning seems impossible for many, leading to a lot of misconceptions from buyers. A new report from Clever found that buyers are confused on a lot of aspects of the housing market and home-buying, with 83% of… The post What Misconceptions Do Buyers Have About the Market?
Seattle Times Real Estate
AUGUST 17, 2023
The Tacoma Housing Authority wasn’t paying some of its own employees enough to afford housing, so the organization just established a new $32 minimum wage.
RIS Media
AUGUST 17, 2023
The 30-year fixed-rate mortgage (FRM) surged this week to its highest level in more than 20 years, averaging 7.09%, which is also a fourth-straight week of rate hikes, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s average is up from last week’s increase to an average of… The post Mortgage Rates Surge Over 7% to 21-Year High 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.
Expert insights. Personalized for you.
204 
Let's personalize your content