Housing Wire
OCTOBER 18, 2024
California-based Provident Funding Associates LLC is getting out of the Florida condo lending business , it told broker partners on Friday. In an email sent Friday morning, Provident said that it would “no longer be accepting new applications for condominiums ” effective that day. Provident told broker partners that all loans in the pipeline must be locked by 11:59 p.m.
Keeping Current Matters
OCTOBER 18, 2024
You may be torn between buying a home now or waiting. But don’t forget to factor in the equity you’ll gain as prices rise.
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Housing Wire
OCTOBER 18, 2024
As mortgage rates fluctuate based on decreasing housing inventory volume, the appraisal market is more volatile than ever in key areas such as urban and rural communities states like California and Texas. With higher rates, lower transaction volumes usually plague the industry, translating to fewer appraisals as homeowners hunker down with their lower rates.
Real Estate News
OCTOBER 18, 2024
Buyers flooded the Austin market a few years ago, sending home prices sky-high. Now, the market has come back to earth, but affordability is still an issue.
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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.
Housing Wire
OCTOBER 18, 2024
Indiana-based lender Ruoff Mortgage is making a move designed to help more homeowners get into new homes with ease. Ruoff Mortgage is teaming up with fintech company Calque to offer two “buy before you sell“ programs to customers. The Trade-In Mortgage and the Contingency Buster will be available to Ruoff Mortgage borrowers via the company’s online platform and mobile app.
Real Estate News
OCTOBER 18, 2024
A recent survey found that while both veterans and civilians are feeling more prepared to buy, veterans are more likely to purchase a home in the next year.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
OCTOBER 18, 2024
The latest consumer guide covers different types of contracts between sellers and their agents, and the “fully negotiable” nature of agent compensation.
Housing Wire
OCTOBER 18, 2024
Important Note * Check your local forms for options around discussing buyer agency with visiting prospects. Follow your local MLS and broker rules and regulations and master how to speak to the prospects about their options. Open houses are still a fundamental pillar of the business. NAR reports that 53% of home buyers visit open houses. So more than half of the buyers out there shopping, at some point in their search, will be visiting open houses.
Real Estate News
OCTOBER 18, 2024
Watch the conversation with broker and proptech expert Heather Harmon, who discusses her time at Opendoor — and what tech companies get wrong about real estate.
Housing Wire
OCTOBER 18, 2024
The number of housing units that came online in September showed a big year-over-year jump, but data on earlier stages of construction suggest not much is coming through the pipeline. That’s according to monthly data on new residential construction from the U.S. Census Bureau, which shows year-over-year declines in building permits (-5.7%) and housing starts (-0.7%).
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.
Inman
OCTOBER 18, 2024
The unique getaway completed in 2010 by late craftsman and entrepreneur Reggie Whibley is on the market for $1.75 million. The hunt is on for a buyer who doesn't care about cell or internet service.
Housing Wire
OCTOBER 18, 2024
When older homeowners wish to access a portion of their equity, there are multiple options. Of course, selling the home is generally not desirable. A cash-out refinance is also not a prudent pathway for retirees. A refinance not only saddles the homeowner with a required monthly payment but will also typically result in a higher interest rate for those that refinanced in the last decade.
Inman
OCTOBER 18, 2024
While we cannot control a storm’s trajectory or outcome, writes broker Cara Ameer, there are some things we can do to lessen the stress.
Housing Wire
OCTOBER 18, 2024
The mortgage industry today demands speed, accuracy, and satisfied customers. ICE Mortgage Technology presents their solution that also serves as an overhaul of the home financing process. They’ve built a digital platform that brings together loan origination , closing, servicing, and data analysis into an all-in-one mortgage solution. This comprehensive system is aimed at making life easier for lenders, servicers, and real estate professionals while giving borrowers a smoother, better exp
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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.
Inman
OCTOBER 18, 2024
A majority of the 1,200 Flagstar employees being let go in $1.4 billion sale of the company's mortgage servicing business will be offered the opportunity to transfer to Dallas-based Mr. Cooper.
Housing Wire
OCTOBER 18, 2024
Real estate professionals will be looking to the recent decision in the Moratis commission lawsuit as they seek clarity on the outcomes of related cases. (Image generated by AI in Midjourney) In the nearly 12 months since a Missouri jury found the real estate industry liable for colluding to artificially inflate real estate agent commissions, much of the discussion has centered upon the settlement agreements that have followed and how the industry can move on from this verdict.
Inman
OCTOBER 18, 2024
The energy you bring to client communication, Rachael Hite writes, can be the difference between a peaceful process and buyer or seller meltdown.
Housing Wire
OCTOBER 18, 2024
The Council of Federal Home Loan Banks (FHLBanks) lauded this week’s release of a report from the Federal Housing Finance Agency (FHFA), which highlighted the banks’ growth in support of affordable housing and community development efforts in 2023. The report detailed FHLBanks’ activity across several programs that include the Affordable Housing Program (AHP), the Community Investment Program (CIP), the Community Investment Cash Advance Program (CICA) and other “voluntary targeted mission-activi
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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.
Inman
OCTOBER 18, 2024
FootFallz is a mobile-first application that fastens the listing agent to their title rep and mortgage partners and marries productivity with new business generation.
Housing Wire
OCTOBER 18, 2024
New York Community Bancorp (NYCB) this week announced that it rebranded to Flagstar Bank , laid off 700 employees and anticipated the transition of another 1,200 to Mr. Cooper Group as part of the sale of its third-party origination (TPO) business and mortgage servicing rights (MSRs). The changes come after NYCB, which concluded a merger with Flagstar in December 2022 and acquired some of Signature Bank ‘s assets in March 2023, faced a confidence crisis related to its commercial real estate port
Inman
OCTOBER 18, 2024
Led by Megan and Damon Williamson, The Agency's rapidly growing Dallas office most recently onboarded luxury agents Courtney Michalek of Compass and Andrea Childress of Monument Realty.
Housing Wire
OCTOBER 18, 2024
Since mortgage rates have headed higher again, I was anticipating that today’s housing starts report would be the last decent print before the effects of higher mortgage rates hit the builders, but even this report was disappointing. We had a good few months of positive builder confidence data for the new home sector and positive purchase application data for existing home sales.
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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.
Inman
OCTOBER 18, 2024
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.
Brownstoner
OCTOBER 18, 2024
By Adam Daly, Brooklyn Paper Governor Kathy Hochul announced Wednesday that an estimated 71,000 new apartments will be added to New York City’s housing stock after she extended the deadline for the 421-a affordable housing tax break. The extension allows for an additional six years to complete projects already in the… Read More > The post Extension for 421-a Tax Break Could Add 71K Apartments appeared first on Brownstoner.
Inman
OCTOBER 18, 2024
Conflict with clients and colleagues is stressful, Bernice Ross writes. Find out how to respond to and deal with that stress so that it doesn't take a toll on you or your transactions.
Bigger Pockets
OCTOBER 18, 2024
Is the U.S. housing market finally emerging from the pandemic Ice Age-like conditions? There are signs that this may be the case.
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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.
Inman
OCTOBER 18, 2024
Executives of investment firm iCap ran the scheme from 2013 to 2022, a federal bankruptcy judge ruled this week. They turned to the scheme when their real estate portfolio failed to yield results.
Bigger Pockets
OCTOBER 18, 2024
Data privacy is an ever-increasing concern, particularly in finance, where sensitive information like personal and business bank statements, loans, credit information, driver’s licenses, and Social Security numbers are involved.
Inman
OCTOBER 18, 2024
When potential listing clients are talking to you and your competitors, this closing strategy from trainer Bernice Ross can help you win the day.
Bigger Pockets
OCTOBER 18, 2024
Are there “clues” that point to phenomenal real estate investing areas? We mean the areas nobody knew about until it was too late.
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