Housing Wire

FEBRUARY 18, 2025

Rocket Mortgage on Tuesday unveiled RocketRentRewards, which the company says is the homeownership industrys first offer to provide closing cost credits for renters. With the national average rent at $1,800, that translates to $2,160 applied toward a clients closing costs.

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Housing Wire

NOVEMBER 21, 2024

In this article, we’ve gathered 30 real estate text message scripts designed to help you connect with leads, nurture relationships, and get more deals to the closing table this coming year. Use my well-worn, proven scripts below to build connection and close more deals. I can help make the process smooth and profitable.

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Housing Wire

FEBRUARY 19, 2025

Ill share everything you need to keep the homebuying process running smoothly from your first meeting to closing and beyond. From choosing a property to navigating the closing process, youll need to do a deep dive into their wants, needs, and deal breakers. This is when your buyers need you the most. Have you spoken to a lender?

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Housing Wire

APRIL 16, 2025

Since our income is (usually) tied directly to closings, many real estate agents wonder how to close deals faster. Keep reading for expert tips on how to close real estate deals faster, plus ways to make your real estate transactions more seamless. Who are these motivated clients? When is your lease up?

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Housing Wire

MARCH 11, 2025

Tomo touts its use of artificial intelligence in streamlining loan underwriting and closing processes. It claims to save the typical homebuyer up to $4,000 in closing costs and offers interest rates that are 50 to 100 basis points lower than the industry average, according to a press release.

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Housing Wire

NOVEMBER 11, 2024

New York-based digital mortgage lender Better.com launched a streamline refinance loan product on Monday that aims to help military veterans and service members save money on long-term interest expenses and closing costs. The upfront closing costs can be rolled into monthly payments or waived, if a borrower has a qualifying disability.

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Housing Wire

MARCH 14, 2025

TD Bank confirmed to American Banker that it intends to close 38 branches in 10 states and Washington, D.C. And a recent bulletin from the Office of the Comptroller of the Currency (OCC) show that Flagstar Bank is closing 24 branches in five states. The affected TD branches will close by June 5, the bank said.

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Housing Wire

MARCH 11, 2025

Over the last eight years, Abraham Sarway has parlayed calculated risks like this one into running a team that closed $100 million in volume in 2024. To this day, my team and I are still working in the South Bronx, even though we regularly close deals on luxury units in Manhattan.” Abraham Sarway did. A vacation cabin upstate.

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Housing Wire

JANUARY 23, 2025

Tom closed over $17 million in volume in his second year in real estate. The local competition in Charlotte was fierce, and with only a handful of closed deals, he knew he couldnt compete with experienced agents. Get it right, and you can build a sustainable career. Get it wrong, and well, theres always law school. Wait, open houses?

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Housing Wire

MARCH 3, 2025

By integrating Matterports groundbreaking digital twin technology with our vast property data and online marketplaces, we are creating an unparalleled solution for buyers, sellers, and renters to explore properties with greater depth and insight than ever before.”

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Housing Wire

OCTOBER 25, 2024

Novaprime is starting with post-close quality control functions and working backwards. Novaprime is starting with post-close quality control functions and working backwards. “Once it’s committed, we help them create the delivery files as well so they can go and deliver the loan.” That adds up.

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Housing Wire

MARCH 31, 2025

Rocket said the the transaction is expected to generate $100 million in additional pre-tax revenue from higher recapture rates and attaching its title, closing and appraisal services to Mr. Coopers existing originations. The deal is expected to close in the fourth quarter of 2025. billion , is paying an equity value of $9.4 ”

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Housing Wire

DECEMBER 18, 2024

This sector is closely tied to the overall economic cycle and tends to show patterns before every recession observed in recent modern history. As 2024 comes to a close, the Fed has managed to overlook these issues for another year due to the factors mentioned above. We will soon find out. Lets take a closer look at the data.

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Housing Wire

OCTOBER 31, 2024

If a consumer is in the homebuying process, the fraudster will send false wiring instructions to the homebuyer ahead of closing—often appearing as if they are from a trusted representative in the transaction. The title industry works closely with financial institutions and the FBI to help recover incorrectly transferred funds.

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Housing Wire

APRIL 18, 2025

Cosmetic updates like flooring, paint or finish work can sometimes be done after closing at a lower cost. Buyers should also budget for post-closing expenses such as landscaping, window treatments, built-in cabinetry and appliances that may not be included. For quick move-in homes, closing dates can also be adjusted.

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Housing Wire

APRIL 18, 2025

First American Data & Analytics has launched a new product designed to help lenders identify title issues earlier in the mortgage and home equity loan process, with the goal of cutting delays and reducing closing times. VeriTitle is available via an API and can be integrated into widely used loan origination and point-of-sale systems.

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Housing Wire

MARCH 30, 2025

As always, you have to examine the data closely before concluding anything on the internet. This weekend, there has been a lot of discussion on social media surrounding homeowners’ delinquency data. Its not even a clever lie. Some people are trying to imply that we have major stress in homeowner data.

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Housing Wire

APRIL 2, 2025

Since we believe in the close relationship between the 10-year yield and mortgage rates , we expect mortgage rates to decrease tomorrow if bond yields continue to decline. We have been struggling to close below 4.15% in 2025. At 4.11%, it marks the lowest intraday yield weve seen all year.

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Housing Wire

APRIL 21, 2025

of home sales from January through March included concessions such as money toward repairs, closing costs or mortgage rate buydowns. a year ago and close to the record figure of 45.1% a year ago and close to the record figure of 45.1% According to a new report from Redfin , 44.4% Thats up from 39.3% at the start of 2023.

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Housing Wire

OCTOBER 25, 2024

Tom Davis: Investor transactions are still close to 28% of the overall purchase market. Tom Davis: Investor transactions are still close to 28% of the overall purchase market. Many investors prefer to close in the name of an LLC. Close one loan for a real estate investor and you have a repeat client for life!

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Housing Wire

NOVEMBER 15, 2024

Chicago’s offerings include doorbuster deals on Quick Move-In homes, which reduce pricing up to $93,850 if the home closes this year. In Charlotte , borrowers to lock in a lower rate on select Quick Move-In homes that can close by the end of the year. That’s right, there are Black Friday home sales!

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Housing Wire

MARCH 27, 2025

FinLocker details that the initiative will eliminate verification costs at all stages of the mortgage journey, from prequalification and underwriting to final reverification before closing. “By embedding this technology, were making our homebuyer funnel even stickier keeping borrowers engaged from financial preparation to closing. .

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Housing Wire

FEBRUARY 24, 2025

In 2024, we saw a notable increase in buyer demand when mortgage rates got close to 6%. People often ask, How can it be possible that home prices are still climbing even though the cost of money is so much higher? There are obviously fewer buyers who can afford these prices. Ive called this a compression in home prices. This year its 2%.

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Housing Wire

OCTOBER 29, 2024

Bryan VantHof, a member of the RE/MAX Advantage Plus -brokered The Minnesota Real Estate Team , also believes the amount the seller nets is central to getting a deal closed. Per the settlement, the agreement must outline how much the buyer broker will be compensated — pending the successful closing of a transaction.

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Housing Wire

APRIL 18, 2025

Patrick Stone, the founder and chairman of Williston Financial Group (WFG), is celebrating 50 years in the real estate industry a milestone that coincides with the 15th anniversary of WFG, which he launched in the wake of the Great Recession. Its surreal, Stone said. I started in April of 1975. Thats a Realtor problem.

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Housing Wire

DECEMBER 19, 2024

million sales in 2025, a number that is close to the current rate of 4.15 The housing industry is getting an early Christmas gift. The National Association of Realtors (NAR) reported that existing-home sales in November rose to a seasonally adjusted annual rate of 4.15 million, a 4.8% increase over the revised October number and a 6.1%

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Housing Wire

NOVEMBER 7, 2024

Climate change is increasing the intensity and severity of natural disasters. It’s resulting in calls to reimagine the costs of homeowners insurance (Image generated by AI in Midjourney) As the planet warms and extreme weather intensifies, the rising cost of homeowners insurance is stopping real estate deals in their tracks.

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Housing Wire

OCTOBER 22, 2024

For title professionals who must manage property records, closing statements and other critical documents, this time adds up. Still a little lost when it comes to AI? First, check out SoftPro’s recent blog , delving into the basics). So, always double-check any AI-generated communication for accuracy.

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Housing Wire

NOVEMBER 19, 2024

Since a Fed president makes this claim, it’s worth examining the data closely as he and his staff should be able to see the same housing data we are all looking at. Minneapolis Fed President Neel Kashkari recently stated that housing demand is high so the clearance rate (mortgage rates) should be higher. percent (±11.6 percent (±9.0

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Housing Wire

JANUARY 23, 2025

In sum, our analysis shows Fannie Maes title insurance pilot will have a profound and long- lasting impact on closing costs, potentially eliminating a barrier that prevents many homeowners from pursuing a refinance or other financially beneficial transaction. Fannie Mae s title insurance pilot program could save borrowers up to $2.19

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Housing Wire

APRIL 10, 2025

The Fed has consistently stated that they monitor these jobless claims closely, and theres no indication that they feel the need to cut rates beyond what they projected for 2025, which only includes rate cuts. Since 2022, Ive focused on the relationship between labor and Fed policy. However, we havent seen that improvement.

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Housing Wire

MARCH 4, 2025

The takeaway from the pending sales numbers is that it takes roughly 35 days on average for sales to close, so homes in contract now will generally close in March, Simonsen wrote. March figures to be a crucial month for gauging consumer interest in the 2025 housing market. This would be a clear headwind to any further rate cuts.

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Housing Wire

APRIL 8, 2025

Stocks were selling off like crazy, and money flowed into the bond market so fast that we almost got close to my low-end forecast of 3.80%. The past few days have been highly turbulent for the stock and bond markets, resulting in dramatic shifts in mortgage rate pricing. When chaos enters the marketplace, it quickly makes its presence felt.

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Housing Wire

JANUARY 17, 2025

This is why it’s essential to monitor builders’ forward-looking outlooks closely. Since late 2022, our analysis indicates that mortgage rates in the 6%-6.5% range are positive to grow sales, whereas rates at 7% and above especially 7.50% or higher significantly impact the builder data. This is 15.8 percent (14.4 percent (11.3

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Housing Wire

FEBRUARY 3, 2025

It also ties into architects and builders creating smaller, denser homes to help close the affordable housing supply gap. Strickland said that 75% of the loans she closed last year were government loans, adding that all of them were purchase money. I think the same could be said for most in my industry, she added.

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Housing Wire

APRIL 15, 2025

“Many property owners assume that title insurance fully protects their title, but unfortunately, it may not always safeguard against post-closing fraud,” Jon Dovidio, chief strategy officer at EquityProtect, said in a statement. But these protections are limited by eligibility rules and property type, Dovidio added.

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Housing Wire

OCTOBER 24, 2024

The receiving agent becomes the buyer or seller’s primary point of contact and representative, and the referring agent receives a referral fee if a transaction closes. Their work is done, and it’s up to the receiving agent to serve the client and close the deal. When you buy through our links, we may earn a commission.

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