Wed.Mar 05, 2025

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Lowest mortgage rates in months create surge in applications

Housing Wire

Mortgage applications increased 20.4% from one week earlier on a seasonally adjusted basis as buyers pounced on lower rates , according to data from the Mortgage Bankers Associations (MBA) weekly mortgage applications survey for the week ending Feb. 28, 2025. On an unadjusted basis, applications increased 22% compared with the previous week. The refinance index increased 37% from the previous week and was 83% higher than the same week one year ago.

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Why a Pre-Listing Inspection May Be Worth It in Today’s Market

Keeping Current Matters

Selling a house comes with a lot of moving pieces, and the last thing you want is a deal falling apart over unexpected repairs uncovered during the buyer’s inspection.

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Survey: Nearly 90% of homeowners are worried about selling

Housing Wire

A large majority of homeowners (88%) have concerns about selling their homes, with financial uncertainty and housing market conditions ranking among their top fears, according to a recent survey by Clever Real Estate. The survey , which polled 1,000 homeowners at the end of 2024, found that the most common concerns include the stress of the sale (42%), the high costs of selling (40%), the inability to afford a new home (32%) and not selling for a high enough price (32%).

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Compass CEO: ‘We co-broke with everyone’

Real Estate News

Robert Reffkin, a loud voice in the Clear Cooperation debate, invites all agents to check out the brokerages Coming Soon listings.

Brokerage 212
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The 2025 Real Estate Roadmap to Success

Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

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No. 1 originator Shant Banosian named president of Rate

Housing Wire

Shant Banosian, ranked the No. 1 loan originator in the country by volume for at least five years, is assuming the role of president at Rate Mortgage , the company announced Tuesday. Victor Ciardelli will remain the CEO of Rate Companies. Rate, formerly known as Guaranteed Rate before a rebrand in 2024, ranked as No. 8 on the Inside Mortgage Finance ranking of top originators at just under $40 billion.

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Inside KW GO’s $1 billion private listing playbook

Real Estate News

Keller Williams largest franchise network captured roughly 3,000 Private Collection listings last year and is looking to double that figure by 2026.

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ICE Mortgage Monitor: Property Insurance Costs Rose at a Record Rate in 2024

Calculated Risk Real Estate

Here is the ICE March Mortgage Monitor report (pdf). Press Release: ICE Mortgage Monitor: Property Insurance Costs Rose at a Record Rate in 2024 Prompting Homeowners to Shop for Better Rates, Accept Higher Deductibles The average annual property insurance premium among mortgaged single-family homes rose by a record +$276 (+14%) to $2,290 in 2024, capping a five-year rise of +$872 (+61%) Seattle (+22%), Salt Lake City (+22%) and Los Angeles (+20%) saw the largest percentage increases in 2024, whi

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Rocket’s ‘Own the Dream’ ad campaign carries on

Housing Wire

During last month’s Super Bowl broadcast, Rocket Companies unveiled its Own the Dream campaign, which the company describes as a means of redefining homeownership as a pathway to generational wealth rather than just a transaction. The companys ambitious commercial which featured John Denvers Take Me Home, Country Roads was only the first part of the Own the Dream rollout from Rockets marketing team.

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House Price Appreciation by State and Metro Area: Fourth Quarter 2024

Eye on Housing

Following two straight quarters of deceleration, house price appreciation accelerated slightly in the fourth quarter of 2024 due to the persistent high mortgage rates and low inventory. Although inventories of existing homes have improved from a year ago, the current 3.5-month supply remains below the 4.5- to 6-month supply that considered a balanced housing market.

Mortgages 121
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Loan officers are seeing an uptick in FHA, VA demand

Housing Wire

The newest weekly mortgage applications survey data, released Wednesday by the Mortgage Bankers Association (MBA) included the lowest mortgage rates in months, which created a stir in the number of applications. According to the MBA, rates for Federal Housing Administration (FHA) loans dipped to 6.42%, while refinance activity posted its fastest pace since October 2024.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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The “Reluctant Landlord” and How They’re Shifting the Industry

Bigger Pockets

There’s a school of thought among many real estate investors that you should never sell your property.

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John Davis’ RICO suit includes new claims against KW execs

Housing Wire

Keller Williams legal battle with former CEO John Davis is heating up. In a document filed in late January by plaintiffs Davis and former Arizona franchise owner Jesse Herfel demanding arbitration, Davis also claims that a former employee was fired after accusing John Keller, the companys executive vice chairman and the son of co-founder Gary Keller , of sexual misconduct in a report.

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Homebuyers and homeowners jump on big drop in mortgage rates

Inman

Requests to refinance surged 37 percent last week and were up 83 percent from a year ago after the biggest one-week decline in mortgage rates since November, the MBA's latest weekly lender survey shows.

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Pennymac announces Team USA partnership for 2028 Olympics

Housing Wire

PennyMac Financial Services , one of the nations largest mortgage lenders and servicers, on Wednesday announced a partnership that will give the company a high level of visibility during the 2028 Olympic Games in Los Angeles. California-based Pennymac will be the official mortgage supporter of the U.S. Olympic and Paralympic teams at the 2028 Olympics.

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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

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.

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Average Black Home Value Lags Behind That of Other Homeowners: Urban Institute

RIS Media

Black housing wealth has seen an increase from 2015 to 2022 in spite of home values that are lower on average, according to a new report from the Urban Institute. The report found that the Black homeownership rate saw a rise from 41.2% to 44.3% from 2015 to 2022, alongside an increase in equity from… The post Average Black Home Value Lags Behind That of Other Homeowners: Urban Institute appeared first on RISMedia.

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Uplist partners with Polly, offering insights to loan officers

Housing Wire

Leading mortgage technology provider Uplist recently announced a new integration with fellow tech firm Polly. This move grants loan officers access to real-time insights that are designed to improve borrower assistance and engagement. Loan officers on the Uplist platform can now leverage Pollys product and pricing engine (PPE) to more easily pursue refinance opportunities.

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How Brooklyn’s First Free Library Became the Brooklyn Museum

Brownstoner

Many of the great museums of the world started out as the private collections of very wealthy people. New Yorks Guggenheim, the Frick, the Morgan Library and Londons Tate Modern are examples, to name just a few. Manhattans Metropolitan Museum of Art was the brainchild of a group of wealthy… Read More > The post How Brooklyn’s First Free Library Became the Brooklyn Museum appeared first on Brownstoner.

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Are gray homes a sign of gentrification in DC?

Housing Wire

Homes in the District of Columbia were historically known for having vibrant paint colors that represented the individuality of each resident among the city’s diverse population. Washington, D.C. , was once known as the “Chocolate City” due to its large population of Black residents. Now, that history is waning as Black residents have become minorities in neighborhoods that once belonged to them.

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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

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.

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The Power of Committing to the Question

RIS Media

Real estate is an industry of commitment. Buyers commit to homeownership. Sellers commit to moving onto their next level in life. And agents? Agents must commit to understanding what truly drives their clientsand themselves. They embrace the power of asking the right question. A lesson from science: the power of asking why Clair Patterson, an… The post The Power of Committing to the Question appeared first on RISMedia.

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HousingWire Announces the 2025 Finance Leaders Honorees

Housing Wire

DALLAS, Texas HousingWire is proud to announce the 2025 Finance Leaders , recognizing 40 of the most impactful finance executives in the mortgage and real estate industries. These leaders have demonstrated exceptional expertise in financial strategy, capital management, and operational efficiency, helping their organizations navigate an evolving market landscape and drive sustainable growth.

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Mortgage Refinance Applications Skyrocket as Rates Hit New Lows

Marco Santarelli

Low rates lead to a jump in demand in mortgage applications. We're seeing exactly that play out right now! As mortgage rates dip, more people are jumping in to buy homes or refinance their existing mortgages. This responsiveness to interest rate changes is a tale as old as time. Alright, let's dive into why we're seeing this surge and what it all means for you, whether you're a potential homebuyer, current homeowner, or just curious about the market.

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4 Hidden Costs of Homeownership Clients Should Understand

RIS Media

As your clients guide to the process leading to homeownership, its your responsibility to make sure they know what theyre getting into from a financial perspective. First-time buyers could not know all the expenses that go along with owning a property. Obvious ones like taxes and insurance can skyrocket year over year. Here are four… The post 4 Hidden Costs of Homeownership Clients Should Understand appeared first on RISMedia.

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The Broker Action Plan for the Post-NAR Lawsuit Landscape

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.

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PLG Rowhouse With Fretwork, Built-ins, Stained Glass Asks $2.995 Million

Brownstoner

While this single-family row house likely needs some bathroom and kitchen updates, it has a wealth of details, including wainscoting, mantels, and a pass-through. In the Prospect Lefferts Gardens Historic District, the bow-front dwelling at 56 Rutland Road is on one of the neighborhood's picturesque tree-lined streets and a short… Read More > The post PLG Rowhouse With Fretwork, Built-ins, Stained Glass Asks $2.995 Million appeared first on Brownstoner.

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Mortgage, Refinance Applications Soar Following Marked Rate Drop

RIS Media

Following a run of home purchase application declines in recent weeks, the Mortgage Bankers Association (MBA) is reporting a surge in these as well as refinance applications following a plunge in the average mortgage rate that resulted from a host of recent market uncertainties. According to MBAs latest Weekly Mortgage Applications Survey for the week… The post Mortgage, Refinance Applications Soar Following Marked Rate Drop appeared first on RISMedia.

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The Secret to Selling Luxury Homes (Without Years of Experience)

BAM Media

Theres a moment in every agents career when they step into a space that feels bigger than them. Maybe its a luxury listing appointment, a high-net-worth networking event, or even just a conversation with a client who operates at a whole different level. You can feel itthe weight, the expectation, the unspoken rules of how things work at the top. And at that moment, its easy to think that luxury is about price.

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Ideal clients only: 5 steps for finding your true calling (and niche)

Inman

Dont fall into the "be everything to everyone" trap, Debra Trappen writes. Instead, attract your dream clients, fuel your passions and experience fulfillment by discovering your true niche.

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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

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.

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Residential Real Estate Council Welcomes 51 New CRS Designees in the Philippines

RIS Media

The Residential Real Estate Council (RRC) has announced the addition of 51 new Certified Residential Specialist (CRS) designees following a graduation ceremony held in Manila, Philippines the week of February 2025. This milestone marks a positive kick-off to 2025 as RRC actively addresses international growth through its newly formed global task force.

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Sellers already cutting asking prices to prepare for Stamp Duty changes

Estate Agent Today

Home sellers are cutting asking prices ahead of this months Stamp Duty deadline in order to offset the incoming cost increase and entice buyers into a purchase, research suggests.

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Thoughts on Leadership: Great Leadership Recognizes Greatness

RIS Media

In saleswhether in real estate, finance, technology or any competitive industrysuccess is often measured by numbers, but the driving force behind those numbers is people. And people thrive when they feel valued. Taking the time to celebrate accomplishments isnt just a nice gesture; its a critical leadership tool that fuels motivation, retention and a culture… The post Thoughts on Leadership: Great Leadership Recognizes Greatness appeared first on RISMedia.

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Foxtons boss: ‘There is more we can on workplace culture’

Estate Agent Today

Foxtons chief executive Guy Gittins subtly addressed reports about the brands workplace culture as the London agent released its annual results yesterday.

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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

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.