Housing Wire
JANUARY 3, 2024
What should you avoid saying or doing on a listing presentation? Whether you’re presenting to a good friend, a referral client or a colder lead, there are some universal mistakes you must avoid if you want to take the listing. The good news is that all of these things are easy to remember: 1. Don’t arrive late Early is on time, on time is late and if you’re late, you’ll lose.
Keeping Current Matters
JANUARY 3, 2024
If you’re thinking of buying a home this year, you’re probably paying closer attention than normal to the housing market.
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Housing Wire
JANUARY 3, 2024
A secondary school teacher in Colorado makes on average just under $63,000, according to the Bureau of Labor Statistics. If a Colorado teacher making the average salary had $20,000 to put towards a down payment and were willing to spend 30% of their pre-tax salary on their mortgage payment, she could afford a house that cost about $225,000. That’s a problem when a typical Colorado home – as defined by Zillow ‘s Home Value Index – costs more than $528,000.
Real Estate News
JANUARY 3, 2024
Membership fell by more than 17,000 from November to December, and the association posted its first annual decline in more than a decade.
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.
Housing Wire
JANUARY 3, 2024
A U.S. Department of Housing and Urban Development (HUD) program designed to allow for the construction of rental housing units is getting a new participant: the Cherokee Nation. The Cherokee Nation announced it will participate in HUD’s Section 184 Skilled Workers Demonstration Program, which will allow for the construction of multiple rental dwelling units in Cherokee communities that will be provided to skilled workers in multiple professional fields, according to an announcement published by
Inman
JANUARY 3, 2024
Kevin Ford achieved viral status for never missing a day of work during 27 years and was able to purchase his first home through a subsequent fundraising campaign.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Inman
JANUARY 3, 2024
Inman announced that it will expand its live event offerings in 2024, bringing its iconic Inman Connect conferences to Miami, Florida, on May 21-22, 2024, and Austin, Texas, on Oct. 9, 2024.
Housing Wire
JANUARY 3, 2024
Housing experts expect that a boost in apartment inventory in 2024 will dampen rent growth. However, affordability woes will persist. Commercial property firm CBRE estimates that rent prices will only grow 1.2% this year, bringing the vacancy rate above the pre-pandemic level, the Wall Street Journal reported. However, the occupancy rate will remain above 94%, according to CBRE’s U.S.
Inman
JANUARY 3, 2024
Recent decline in rates is "some cause for optimism," but requests for purchase loans are still down 12 percent from a year ago.
Housing Wire
JANUARY 3, 2024
The rising cost of homeowners insurance is weighing more heavily on American homeowners and buyers, according to a survey published Wednesday by Mphasis Digital Risk , a technology services company serving the residential real estate lending industry. The nationwide survey received 1,634 responses from a pool of homeowners and non-homeowners. The vast majority of respondents (90%) expressed concerns about rising homeowners’ insurance costs, while 27% reported that they are considering moving to
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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
JANUARY 3, 2024
To formulate this list of how-tos to start the year off right, Inman's Service Editor Dani Vanderboegh rounded up the top advice and most-read contributors of 2023.
Housing Wire
JANUARY 3, 2024
William Erbey, the controversial founder of Ocwen Financial Corp. , is back as chairman at Altisource Asset Management Corp. (AAMC). The company appointed Erbey to the role of CEO in late December and the board of directors also appointed him as its Chairman, a position he held from March 2012 to January 2015. This comes on the heels of the departure of interim CEO Danya Sawyer, who left in early December.
Inman
JANUARY 3, 2024
Since acquiring SimpleNexus for $933.6 million and rebranding the company, nCino has been signing new clients and cross-selling its new mortgage capabilities to existing customers.
Housing Wire
JANUARY 3, 2024
Valuation in the residential brokerage industry has some characteristics that are unique when compared to other industries and businesses. First, the business of residential brokerage is highly dependent on the recruiting, retention and production of independent contractor sales agents. Brokerage firms are not producing goods on a factory line — there are no warehouses holding physical inventory, no retail distribution channels and really, no patentable intellectual property.
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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
JANUARY 3, 2024
Proptech has a role to play in how real estate consumers view and interact with the professionals who help them buy and sell homes.
Housing Wire
JANUARY 3, 2024
As the U.S. population grows older with each passing year, looking for new and novel ways to fund long-term care for the aging population could include home equity. A reverse mortgage can certainly play into this, but another growing dynamic is the divide between higher- and lower-income homeowners. This is according to “ Housing America’s Older Adults 2023 ,” the latest edition of a report published by Harvard University ’s Joint Center for Housing Studies (JCHS) in December.
Inman
JANUARY 3, 2024
All 200 full-time staff members along with contractors and part-time staff were dismissed during “a two-minute Google Meet call.
Housing Wire
JANUARY 3, 2024
Deran Pennington, a former Movement Mortgage top sales executive sued for poaching by the lender, filed a counterclaim alleging that Movement breached the contract by failing and refusing to pay his due compensation. In total, he asks for about $13 million. In July, HousingWire reported that Pennington and two other top sales executives – Matt Schoolfield and Chris Shelton – parted ways with Movement Mortgage to join Summit Funding , which led to a legal battle between the parties.
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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
JANUARY 3, 2024
New Inman contributor Bobbie Wasserman offers insights for attracting and assisting single women buyers to maximize their ever-increasing purchase power.
Housing Wire
JANUARY 3, 2024
Nonbank mortgage lender and servicer Pennymac Financial Services issued pink slips to more than 80 employees in November as it faced tough headwinds in 2023. A total of 84 staff were affected at five offices in Pasadena, Roseville, Agoura Hills, Westlake Village and Moorpark, California, according to a Worker Adjustment and Retraining Notifications (WARN) alert submitted to the California’s Employment Development Department (EDD) in late December.
Inman
JANUARY 3, 2024
The Inman Connect team is bringing some amazing and unique networking experiences to our Inman Connect New York attendees this January.
Housing Wire
JANUARY 3, 2024
Real estate agents are optimistic about the housing market and working to implement buyer agency agreement as we head into 2024, according to the RealTrends Q1 2024 AgentPulse survey. The survey, which was conducted between the end of November and the end of December 2023, garnered 136 respondents, with 28 from the Northeast, 26 from the Southeast, 33 from the Midwest, 33 from the Southwest and 16 from the Northwest.
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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.
Bigger Pockets
JANUARY 3, 2024
Mortgage rates have been on the decline and are expected to keep falling. What does that mean for inventory and home seller attitudes this year? Here's what you need to know.
Housing Wire
JANUARY 3, 2024
Mortgage demand fell over the holidays despite declining mortgage rates. Mortgage applications decreased 9.4% for the week ending Dec. 29 compared to two weeks earlier, according to data from the Mortgage Bankers Association (MBA). The 30-year fixed mortgage rate closed 2023 at 6.76%, more than one percentage point lower than its October peak of 7.9%, according to Joel Kan, MBA’s vice president and deputy chief economist.
Inman
JANUARY 3, 2024
Executives, owners and investors at real estate technology companies signaled in responses to November's Inman Intel Index survey that 2024 will be a year of growth. These are their plans.
Housing Wire
JANUARY 3, 2024
Reverse mortgage servicing company Celink is seeking the dismissal of a lawsuit alleging that it had added unlawful servicing fees to reverse mortgage loans alongside now-bankrupt lender Reverse Mortgage Funding (RMF). In response to the recent recommendation by a magistrate judge against the dismissal of Dancy-Wilkins v. Compu-Link Corporation , the servicer said that the recommendation was made on a more procedural basis rather than the actual merits of Celink’s original motion to dismiss “wit
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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.
Inman
JANUARY 3, 2024
Tell us all about the best tips, tricks, strategies and insights you gleaned in 2023 that are worth taking with you into 2024.
Seattle Times Real Estate
JANUARY 3, 2024
Converting offices into housing is a popular idea, but tricky to execute. Seattle could soon get its first conversion project.
Bigger Pockets
JANUARY 3, 2024
Fannie Mae's Home Purchase Sentiment Index hit all-time lows last year, but now experts say we've turned a corner. Here's what you need to know.
HomeLight
JANUARY 3, 2024
If you’re planning a move to a new location, it’s likely you’re calculating costs — everything from the price of a home and groceries to what your new electric and water bills might look like. You’ve probably heard the phrase “cost of living” thousands of times, but as you review your finances, you may be asking, “What is cost of living?” It’s more than just a figure; it’s an ever-changing factor that influences your standard of living, especially if you’re planning to sell you
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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