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.

Equity 545

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 272

Agents 272

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 440

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 266

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Now more than ever, agents need 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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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.

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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.

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Technology Industrial 157

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 154

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 421

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.

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Agents Development Brokerage 149

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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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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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 147

Brokerage Agents 147

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.

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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 110

Inspection Brokerage Agents 110

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 419

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Brokerage

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 120

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 410

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 136

Technology 136

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 410

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Loans

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 103

Mortgages Marketing 103

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 410

RIS Media

JULY 10, 2024

Coldwell Banker Warburg has announced that agent David Harris and broker Bill Kowalczuk have returned to CBW after brief stints at other brokerages, and that the company is also welcoming broker Sean Adu-Gyamfi and agent Guy Hobson. “Having Bill Kowalczuk and David Harris rejoin our team is a testament to the strength and reputation of… The post Coldwell Banker Warburg Welcomes New and Returning Agents and Brokers appeared first on RISMedia.

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Agents Brokerage Industrial 117

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 410

Mortgages Industrial Loans As-is 410

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Strategic real estate professionals know that the name of the game right now is to stay informed, adaptable, and ready to make confident decisions. In this free download, Inside Real Estate CEO, Joe Skousen, shares what he believes are the top 4 most impactful actions in real estate right now. We've been actively engaging with industry experts, analyzing data, and listening intently to the experiences of our agents on the ground.

Agents

RIS Media

JULY 10, 2024

It would be an understatement to say there’s no love lost in the escalating real estate portal feud being waged by Homes.com and Realtor.com., as the two companies have major differences of opinion regarding the veracity of allegations in the continuing lawsuit saga. The most recent flare-up started in a relatively civil manner in June,… The post CoStar, Realtor.com Dispute Value of ‘Stolen’ Information at Center of Lawsuit appeared first on RISMedia.

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Industrial Agents 114

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.

Residential 408

Residential Mortgages Banks Industrial 408

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 114

Agents Industrial 114

Housing Wire

JULY 10, 2024

Signs of a “stagnant late-spring housing market“ emerged in June as U.S. home prices declined for the first time this year and purchase mortgage locks fell by 8% year over year. That’s a key takeaway from the June 2024 Market Advantage report released Wednesday by Optimal Blue. The report, which covers the 20 largest U.S. metro areas, shows that the average home purchase price of $478,800 in June was down about $1,500 compared to May.

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VA loan Marketing Loans Mortgages 408

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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

RIS Media

JULY 10, 2024

As the 30-year average mortgage rates teased 7% this past week, mortgage application activity saw a second-straight week of decreases, down 0.2% from last week’s 2.6% dip, according to the latest Weekly Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending July 5, 2024. Last week’s results included an adjustment for the… The post Mortgage Applications Dip, Refinance Activity Down Almost 35% as Rates Remain Elevated appeared first on RISMedia.

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Mortgages Industrial Marketing 112

Housing Wire

JULY 10, 2024

Homebot and Newzip are teaming up in hopes of converting engagement into more transactions. The two companies announced the partnership on Wednesday, and it allows customers who are using both Homebot and Newzip to offer consumers up to 2% off their transaction costs. The companies believe this will help lead to a higher hit rate with buyers and sellers, in addition to passing savings on to them.

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Loan Officer Technology Finance Mortgages 408

RIS Media

JULY 10, 2024

JPAR has announced the addition of its newest franchise office, Shipmate Real Estate +JPAR in Chesapeake, Virginia. The office serves the vibrant Hampton Roads market, including Williamsburg, Suffolk, Hampton, Newport News, Chesapeake, Virginia Beach, and Norfolk. Under the leadership of broker/owner Keisha Rorie, Shipmate Real Estate +JPAR stated they are planning to leverage JPAR’s technology… The post JPAR® Welcomes Shipmate Real Estate +JPAR to Growing Network appeared first on R

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Technology Marketing Industrial Agents 106

Housing Wire

JULY 10, 2024

Final Offer , an online offer and negotiation platform for residential real estate transactions, has acquired the North American operations of Openn Negotiation , further expanding its reach in the U.S. and Canada. Final Offer is currently available in 10 U.S. states as well as Ontario and Alberta, Canada. Openn is an Australian company that expanded into Canada in 2022 and developed integrated products and systems used by the Canadian Real Estate Association (CREA), including integrations with

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Technology Residential Agents Development 404

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