Inman
JANUARY 4, 2024
Agent "glut" means part-timers are now the majority, leading to "widespread incompetence and pressure to maintain high commission rates," according to the Consumer Federation of America.
Housing Wire
JANUARY 4, 2024
In the first week of 2024, mortgage rates continued to stick around the mid 6% mark. The 30-year fixed-rate mortgage averaged 6.62% as of Jan. 4, a slight increase from the 6.61% rate recorded on Dec. 28 , according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday. The 15-year fixed-rate mortgage averaged 5.89% this week, down from 5.93% the prior week.
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Keeping Current Matters
JANUARY 4, 2024
If you’re thinking about buying a home, pre-approval is a crucial part of the process you definitely don’t want to skip.
Housing Wire
JANUARY 4, 2024
Detroit-based Rocket Companies , parent of Rocket Mortgage , has named Jonathan Mildenhall to its newly created chief marketing officer position, responsible for the marketing and communications teams for all the company’s brands. Mildenhall will create and unify a “compelling voice for all businesses under the Rocket Companies umbrella,” the company said in a statement.
Speaker: Abdi Ali, Sr. Lease Accounting Consultant
Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.
Real Estate News
JANUARY 4, 2024
Saul Klein, who helped push real estate online in the '90s and served in numerous tech and leadership roles, is the new CEO and director of SDMLS.
Housing Wire
JANUARY 4, 2024
When assessing December’s Home Equity Conversion Mortgage (HECM) volume data for December 2023, Reverse Market Insight (RMI) used a choice word as the title for its commentary : “thud.” Amid an already challenging operating environment observed throughout 2023, both HECM endorsement volume and HECM-backed Securities (HMBS) issuance closed out the year on a low note, with both metrics falling lower from the month before, according to data from RMI and New View Advisors.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
JANUARY 4, 2024
After a 2023 of real estate brokers saying they feel “neutral” or “pessimistic” about the housing market, some 48% of those surveyed for the Q1 2024 HousingWire BrokerPulse survey are optimistic that the next three months will be positive. In fact, some 60% says that interest rates will go down in the next three months, no doubt based on current economic indicators.
Real Estate News
JANUARY 4, 2024
Zillow predicts some of the hottest markets for price growth and home sales will be those in the Great Lakes region, with three Ohio cities in the top 10.
Housing Wire
JANUARY 4, 2024
Mortgage tech firm Blend aims to court more lenders as it now supports Fannie Mae ’s Desktop Underwriter (DU) early assessment enhancement with a direct integration from Blend’s soft credit pull function. DU early assessment gives lenders more options for their pre-qualification process in DU. Lenders can submit a single soft pull credit file and receive a conditional DU recommendation, which can determine homebuyer preparedness and mortgage options earlier while consumers are spared the impact
Real Estate News
JANUARY 4, 2024
T3 Sixty opens submissions for residential real estate website rankings; HomeScout acquires lead-gen company Trinity Oak; Inside RE releases AI assistant.
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In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.
Housing Wire
JANUARY 4, 2024
Los Angeles-based rental management software provider RentSpree successfully passed an audit regarding its data protection strategy, obtaining the System and Organization Controls (SOC) 2 Type II compliance. SOC 2 is regarded as the premier data security standard for Software as a Service (SaaS) providers. Developed by the American Institute of Certified Public Accountants , the SOC 2 Type II audit examines a company’s controls related to security, availability, processing integrity, confi
Inman
JANUARY 4, 2024
More than 80 percent of real estate agents work for small brokerages with fewer than 25 agents, and the average is seven, Brad Inman writes. But their might was on full display in 2023.
Housing Wire
JANUARY 4, 2024
Title insurance giant First American Financial reported progress on restoring its systems from a pre-Christmas cybersecurity incident. First American has fallen victim to data theft after a perpetrator exfiltrated data and encrypted data on certain non-production systems in late December. “First American’s network, including our employee email system, has been restored.
Inman
JANUARY 4, 2024
Small brokers may not get as much attention as the big guys, but they make up the majority of the real estate industry's firms and manage to win David-and-Goliath struggles every day.
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As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.
Housing Wire
JANUARY 4, 2024
Older Americans are forced to navigate a series of serious financial challenges compounded by their needs for both housing and later life care. While home equity can certainly be a beneficial tool for some seniors to deploy, it will not always be a definitive answer for every senior’s needs. This is according to Jennifer Molinsky, project director of the “Housing an Aging Society” program at Harvard University ’s Joint Center for Housing Studies (JCHS) in an interview with NextAvenue.
Inman
JANUARY 4, 2024
The membership of the National Association of Realtors shrank by 1.7 percent last year as the trade group weathered a tough market and major lawsuits.
Housing Wire
JANUARY 4, 2024
Editor in Chief Sarah Wheeler sat down with George Brady, loanDepot’s chief information officer, to discuss the company’s evolving tech strategy and how he thinks long-term about tech in a rapidly changing environment. Sarah Wheeler: You joined loanDepot in 2021 from Capital One. What drew you into the mortgage industry? George Brady: You could argue I joined at the absolute worst time!
Inman
JANUARY 4, 2024
The fifth-floor unit at the Standish in Brooklyn Heights was often mentioned in the "Superman" comic books as Clark Kent's abode. Now the real-life 2,400-square-foot condo is for sale.
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Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.
RIS Media
JANUARY 4, 2024
When buying or selling a home, you must remember various financial considerations. One such aspect is seller credits, which can play a significant role in real estate transactions. Seller credits, or concessions, are essential for buyers and sellers to understand. They are financial incentives homesellers offer buyers as part of the closing process.
Inman
JANUARY 4, 2024
With the acquisition of Weidel Real Estate, the Corcoran Group franchisee is adding approximately 180 agents and seven new offices to its ranks, as well as moving into Pennsylvania.
RIS Media
JANUARY 4, 2024
Deciding what price sellers should ask for their house is an inexact science. Everyone wants the most money, of course, but listing too high may limit the number of buyers willing to make an offer. Comps won’t always provide the right number, as professional home appraisers say owners often don’t take into account some subtle… The post 4 Things Real Estate Appraisers Say Your Sellers Must Know appeared first on RISMedia.
Inman
JANUARY 4, 2024
The only private island in San Francisco Bay is up for a sale with a $25 million price tag. Red Rock Island is a six-acre vacant hill just off the Richmond-San Rafael Bridge north of the city.
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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.
RIS Media
JANUARY 4, 2024
PROPERTY HIGHLIGHTS: Location: Woody Creek, Colorado Listing Price: $68 million Features: 245-acre ranch with 22 bedrooms and 18 bathrooms Added Appeal: Deeded entitlements for constructing stables and barns for equestrian enthusiasts as well as endless opportunities for recreation, including snowmobile adventures, horseback riding escapades, exhilarating cycling trails and thrilling ATV excursions.
Inman
JANUARY 4, 2024
After rates fell from October highs, homebuyers with a new mortgage are paying about $400 less each month. Still, there's no buying spree — yet.
RIS Media
JANUARY 4, 2024
No two years in real estate are ever the same, and things can change quickly. As we enter the new year, it’s likely that 2024 will be no exception. Due to the recent outcome of the Sitzer/ Burnett trial, real estate professionals and consumers are closely examining buyer agency and cooperative compensation. While the long-term… The post Communicating Your Value as a Buyer’s Rep appeared first on RISMedia.
Inman
JANUARY 4, 2024
Transparency and communication are more important than ever before. Darryl Davis offers essential talking points for your next commission conversation with sellers.
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BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.
RIS Media
JANUARY 4, 2024
2023 was an interesting year for real estate. Post-pandemic challenges continued to plague the housing market and the economy, however a correction began to work its way through toward the end of the year. Looking at the bigger picture, just how did 2023 shape up for buyers and sellers? Clever’s latest report takes a look… The post How 2023 Shaped Up for Buyers and Sellers appeared first on RISMedia.
Inman
JANUARY 4, 2024
Fava and his New York-based team are the latest agents to participate in a trend of leaving a brokerage, only to return some time later.
RIS Media
JANUARY 4, 2024
Despite their current downtrend, mortgage rates had a heavy affect on homeowner affordability in 2023. Specifically, buying power (a homebuyer’s budget)and square footage (what home size is affordable) have been two of the areas most affected by the shifts in rates. A new report from Point2 takes a look at the smallest and largest changes… The post How Mortgage Rates Affected Home Affordability in 2023 appeared first on RISMedia.
Inman
JANUARY 4, 2024
Zillow is again predicting that more affordable markets will be the ones to watch in 2024, with Buffalo, New York, taking the top spot.
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.
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