Housing Wire

JULY 10, 2024

With the release of the CoreLogic 2024 Q1 Equity Insights report, which Logan discussed last week , and now the FHFA National Mortgage Database Aggregate Statistics , we have a lot of visibility into the financial position of the American homeowner. The important message in the mortgage data is that even as the economy perhaps finally slows and even as mortgage rates stay higher for longer than anyone expected, the housing market remains buoyed by an incredible cushion of very strong borrowers.

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Equity Loans Mortgages Sales 545

Keeping Current Matters

JULY 10, 2024

In life, patience is a virtue – but in the world of homebuying, waiting too long in hopes of finding the perfect home actually isn't wise.

Agents 335

Agents 335

Housing Wire

JULY 10, 2024

Accessory dwelling units (ADUs) have a lot of potential for aging in place, as evidenced by their growing popularity and statements from private companies and public officials alike that emphasize their utility for housing seniors. In one recent instance highlighted by the Los Angeles Times , one family turned to an ADU after finding limited options and is poised to see a loved one live in a modern, age-appropriate setting.

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Mortgages Construction Renovation Loans 473

Real Estate News

JULY 10, 2024

Supply is well above last year’s levels, but lower mortgage rates will be key to luring buyers into the market.

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Sales Mortgages Marketing 263

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.

Industrial

Housing Wire

JULY 10, 2024

Building a diverse workforce representative of today’s homebuyers is more than just good business strategy, it’s a moral obligation for the housing industry. The demographics of first-time homebuyers in this country are shifting, with Latinos playing an increasingly significant role. New household formation is a precursor to purchasing, and in 2023 alone, Latinos added 450,000 new households.

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Loan Officer Industrial Lending Mortgages 445

Inman

JULY 10, 2024

The acquisition will allow Final Offer, a platform for managing and negotiating offers, to provide a "transparent and straightforward experience when buying and selling a home," executives said.

Technology 183

Technology Industrial 183

Inman

JULY 10, 2024

NAR's 2024 Membership profile shows the impacts of a difficult market on real estate professionals — many of whom are contending with issues related to affordability and inventory.

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Closing Marketing Industrial Agents 176

Housing Wire

JULY 10, 2024

In a difficult housing market for Realtors, experience matters — a lot. That’s the conclusion of the 2024 Member Profile poll from the National Association of Realtors (NAR), which shows a sharp divergence in income when comparing more experienced agents to their less experienced colleagues. The median gross income for Realtors with at least 16 years of experience rose from $80,700 in 2022 to $92,500 in 2023.

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Agents Sales Brokerage Industrial 433

Inman

JULY 10, 2024

Developing areas of specialization enhances service, efficiency, and effectiveness and results in greater professional success for both teams and individual agents, coach Verl Workman writes.

Agents 176

Agents Development Brokerage 176

Housing Wire

JULY 10, 2024

United Wholesale Mortgage (UWM) announced on Wednesday that it will temporarily give a 125-basis points incentive in some government refinancing programs, another step to guarantee the retention and attraction of home borrowers looking to lower their mortgage rates. The Govy125 program includes any note rate, any occupancy for the U.S. Department of Veterans Affairs interest rate reduction refinance loans (IRRRLs), and non-credit qualifying Federal Housing Administration (FHA) streamlines.

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Title Loans Mortgages Design 442

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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.

Brokerage

Inman

JULY 10, 2024

Creating a workplace where everyone feels valued, welcomed and respected is vital to an organization’s success, Keller Williams' Julia Lashay Israel writes, and it doesn’t just happen overnight.

Agents 164

Agents Equity Brokerage 164

Housing Wire

JULY 10, 2024

For over 37 years I have been a consultant to brokerage firms, MLS’s, Association of Realtors, and other entities related to the residential brokerage industry. In addition to general advisory consulting, I was involved in nearly 1,000 sales or acquisitions of entities in this industry. In addition to my role as a consultant, I was editor of REAL Trends, reporting on the same industry.

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Purchase and sale agreement Due diligence MLS Brokerage 432

Inman

JULY 10, 2024

Florance says Realtor.com lawsuit against CoStar is a response to Homes.com surpassing it in web traffic and takes aim at Zillow.

Brokerage 174

Brokerage Agents 174

Housing Wire

JULY 10, 2024

In this article, I’ll share close to two decades of experience as a licensed agent and small brokerage owner in Boston to help you compete and win listings with a dynamite listing presentation. As agents, we compete for a finite number of available homes to list and sell. That’s why it’s crucial that you stand out amongst your competitors to get those listings.

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Staging Agents Renovation Marketing 428

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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.

Agents

Inman

JULY 10, 2024

Stop trying to be all things to your clients, broker Joseph Santini writes. Focus on the things that fall within your purview and direct traffic as needed on your transactions.

Inspection 134

Inspection Brokerage Agents 134

Housing Wire

JULY 10, 2024

Earnest money service Earnnest and CoreLogic are launching a strategic partnership, according to an announcement on Wednesday. Earnnest is joining CoreLogic’s Real Estate Alliance Network, making it CoreLogic’s exclusive provider of escrow management services through its suite of MLS products, which includes Matrix, OneHome , MLS-Touch and Trestle. Through the Earnnest platform, users can securely and efficiently conduct digital transfers of earnest money deposits, eliminating the need for tradi

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Earnest money deposit MLS As-is Title 437

Inman

JULY 10, 2024

Rates surged and then pulled back last week in what could foreshadow more election-year volatility in the months ahead. Jerome Powell tells Congress Fed will remain above the fray.

Mortgages 123

Mortgages Marketing 123

Housing Wire

JULY 10, 2024

Credit rating agency Fitch announced this week that its long-term issuer default rating (IDR) for Finance of America , the reverse mortgage industry’s leading lender, has been downgraded from “CCC+” to “C” following the announcement of a debt restructuring plan that staves off maturity risk beyond 2025. FOA announced late last month that it has restructured its unsecured debt into new, secured debt that will come due beyond the original 2025 maturity date, according to an announcement and an 8-K

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Principal Finance Mortgages Equity 427

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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.

Agents

NAR: Economic Outlook

JULY 10, 2024

Analyzing The Journey of Single Female Home Buyers This blog post looks at the sociodemographic factors that influence home buying, and the ages at which single female home buyers enter the market.

Marketing 119

Marketing 119

Housing Wire

JULY 10, 2024

The Consumer Financial Protection Bureau (CFPB) on Wednesday announced a newly proposed rule that would amend Regulation X and require mortgage servicers to emphasize borrower assistance and loss-mitigation options over foreclosure when a borrower struggles to make their required mortgage payments. “The proposed changes would also make it simpler for servicers to offer assistance by reducing paperwork requirements, improve communication with borrowers, and ensure critical information is provided

Mortgages 420

Mortgages Industrial Loans As-is 420

Seattle Times Real Estate

JULY 10, 2024

Microsoft spent half a decade as Bellevue's largest employer. But an almost complete exit from the city left it out of the top 10 last year.

Technology 127

Technology 127

Housing Wire

JULY 10, 2024

Despite having a 100-plus-year history, the title industry is now embracing some of the newest technologies on the market, including artificial intelligence. An overwhelming 88.3% of title and escrow professionals surveyed have already adopted generative AI solutions, according to the State of AI in Title and Escrow published this week by Qualia. Qualia surveyed 378 title and escrow professionals about their thoughts on AI usage and application in the title insurance industry.

Title 422

Title Due diligence Technology Industrial 422

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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.

Sales

Inman

JULY 10, 2024

EMM Loans, Searchlight Lending join growing list of mortgage lenders who have partnered with Calque to help homeowners tap their equity and buy before they sell.

Mortgages 127

Mortgages Lending Equity Loans 127

Housing Wire

JULY 10, 2024

Brokerages know that the recruitment of real estate agents and teams is always competitive, and some have found it even more so in the wake of the National Association of Realtors ’ settlement that’s prompted agents to reevaluate their businesses. But SERHANT. has shot its brand to the top of every agent’s wishlist in a way — and at a scale — that other brokerages aren’t able to replicate.

Brokerage 419

Brokerage Branding Principal Agents 419

RIS Media

JULY 10, 2024

Brian Buffini, real estate training icon and chairman and founder of Buffini & Company, will share his industry insights during “Brian Buffini’s Bold Predictions: Mid-Year Update,” an upcoming live broadcast airing on Monday, July 22 at 10 a.m. PT/1 p.m. ET, the company has announced. During the virtual event Buffini will also reveal details about… The post Brian Buffini’s Bold Predictions Mid-Year Outlook Reveals What’s Ahead for Housing appeared first on RISMedia.

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Industrial Design Agents 128

Housing Wire

JULY 10, 2024

While Northwest Ohio ’s housing market has remained fairly strong in recent months, local real estate agents say things become a bit more complicated when you segment the market by price point. “Things under $300,000 are still moving fairly quickly, especially if the home is priced correctly,” said Jacob Fleischmann , a Wauseon, Ohio-based agent for Howard Hanna Real Estate Services agent.

FHA loan 408

FHA loan Inspection Agents Marketing 408

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Brokerage

Eye on Housing

JULY 10, 2024

Lot values for single-family detached spec homes continued to rise, with national values reaching a new high in 2023, according to NAHB’s analysis of the Census Bureau’s Survey of Construction (SOC) data. The U.S. median lot value for single family detached for-sale homes started in 2023 stood at $58,000, with half of the lots valued.

Construction 111

Construction Sales 111

Housing Wire

JULY 10, 2024

The complexities of Non-QM lending demand a strategic approach that combines innovation, efficiency, and resilience. Acra Lending has positioned itself at the forefront of this sector by investing in its workforce, optimizing processes, leveraging cutting-edge technology, and building a robust infrastructure. In this executive conversation, we delve into how Acra Lending is enhancing its operations to better serve its customers and navigate the dynamic market environment.

Lending 407

Lending Technology Loans Mortgages 407

RIS Media

JULY 10, 2024

It’s rather common that professional athletes choose to pursue other avenues of employment in their post-playing days, and presently, real estate seems to be one path that’s catching the attention of many who are looking to continue utilizing their competitive edge—especially retired players who may have had shorter professional careers than those of the likes… The post From the Super Bowl to Real Estate: Gregory Senat’s Unique Transition From Athlete to Agent appeared first on RISMedia.

Agents 124

Agents Industrial 124

Housing Wire

JULY 10, 2024

Highlands Residential Mortgage announced that Dan Carson recently joined the company as a senior vice president and area manager of its Park Cities branch in Dallas. Carson has spent more than a decade in the mortgage industry, having previously served in leadership positions for OriginPoint , Willow Bend Mortgage Co. , PrimeLending and PNC Bank. Dan Carson “I couldn’t be happier to join a local company with a growing national presence.

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Residential Mortgages Banks Industrial 401

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.

Agents