Housing Wire

NOVEMBER 22, 2023

Going more in-depth than a Fed meeting, our virtual Housing Market Update event provides you with the strategy-building insights needed to operate in 2024. It’s a savagely unhealthy housing market out there, and these economists unpack what that means for you. Register for the virtual event on Dec. 11 here. In a typical year, there are about 5.2 million sales of existing homes nationally and home prices rise by about 4%.

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Marketing Construction Sales Mortgages 501

Keeping Current Matters

NOVEMBER 22, 2023

If you’re feeling a bit muddy on what’s happening with home prices, that’s no surprise.

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Marketing 334

Housing Wire

NOVEMBER 22, 2023

Mortgage applications rose to their highest level in six weeks after the 30-year fixed mortgage rate fell to 7.44% last week. Total home loan applications increased 3% for the week ending Nov. 17 compared to the previous week , according to data from the Mortgage Bankers Association (MBA). Mortgage rates for the 30-year fixed loan averaged 7.44%, falling 6 basis points in one week, according to Freddie Mac ‘s Primary Mortgage Market Survey.

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VA loan FHA loan Mortgages Loans 488

Real Estate News

NOVEMBER 22, 2023

Applications increased as 30-year fixed-rate mortgages declined for a fourth straight week.

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Fixed-rate mortgage Mortgages 278

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

NOVEMBER 22, 2023

Mortgage rates dropped significantly in the last few weeks, but the cost of borrowing remains high prompting many homebuyers to wait for even lower rates. The 30-year, fixed mortgage rate averaged 7.29% for the week ending Nov. 22, according to Freddie Mac ‘s Primary Mortgage Market Survey. That’s down significantly from last week ’s 7.44% and up from 6.58% the same week a year ago.

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Mortgages New Construction Construction Sales 476

Inman

NOVEMBER 22, 2023

Requests for purchase loans were up 4 percent last week compared to the week before, but down 20 percent from the same time a year ago, according to a weekly survey of lenders by the Mortgage Bankers Association.

Mortgages 191

Mortgages Loans Marketing 191

Inman

NOVEMBER 22, 2023

Gone are the days of collecting business cards and cramming them into an overstuffed Rolodex. These days, customer relationship management (CRM) software is the tool that makes keeping client information safe and accessible.

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Brokerage Agents 193

Housing Wire

NOVEMBER 22, 2023

Editor in Chief Sarah Wheeler sat down with Scot Rose , CIO at Class Valuation , to talk about innovation in the appraisal space and how the technology being deployed for appraisal modernization can actually protect appraisers. This interview has been edited for length and clarity. Sarah Wheeler: You’re the chief innovation officer at an appraisal firm, and the appraisal space has not always been known for tech innovation.

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Technology Due diligence Development Loan Officer 448

Inman

NOVEMBER 22, 2023

The Century 21 president and CEO spoke to Intel about his 25th anniversary with the brokerage, deploying AI to recruit agents and his plan to grow marketshare across New York City in 2024.

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Brokerage Agents Technology 182

Housing Wire

NOVEMBER 22, 2023

For the fourth consecutive month , homebuilder confidence sank in November, according to the National Association of Home Builders /Wells Fargo Housing Market Index published last week. The pessimistic streak is especially notable given that the fall months have recently been lucrative for builders. The index fell to 34 in November, well below the 50 mark that divides bullish and bearish sentiments.

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Closing Closing costs Sales Mortgages 481

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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.

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Inman

NOVEMBER 22, 2023

Home-listing portals all rely on the same source for school ratings, which are treated as essential by many homebuyers. If used improperly, critics fear the data could lead to Fair Housing violations.

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Technology Brokerage Agents 182

Housing Wire

NOVEMBER 22, 2023

Seemingly forever, the average time between reaching a sales agreement and closing on that property has hovered around 45 days — a month and a half. It’s not something consumers think about much when they set out to buy a first home or plan to upsize to accommodate life changes. In fact, if you were to describe the home buying experience solely upon the things we see in advertisements, the process would end with the sales contract and all parties would merrily proceed directly to the handing ove

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Closing Title Technology Property Management 458

Inman

NOVEMBER 22, 2023

CEO Troy Reierson offers insights gleaned from young professionals and the way they add their unique perspectives to the practice of real estate.

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Agents 191

Housing Wire

NOVEMBER 22, 2023

Fidelity National Financial (FNF) was attacked by a “cybersecurity incident” that led the system to shut down some of its network, the company said. FNF blocked access to certain systems, which resulted in disruptions to title insurance, escrow and other title-related services, as well as mortgage transactions and technology for the real estate and mortgage industries, according to a filing with the U.S.

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Title Technology Banks Mortgages 471

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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

NOVEMBER 22, 2023

Two closely watched forecasts agree that mortgage rates have probably peaked, but diverge sharply on how quickly they'll come down over the next two years.

Mortgages 182

Mortgages Closing Sales Marketing 182

Housing Wire

NOVEMBER 22, 2023

The housing market has not hit the bottom in existing home sales yet, Fannie Mae projected. With mortgage rates having previously soared to around 8% , existing home sales will likely decline further to bottom out in early 2024. The good news is that sales will rebound as mortgage rates are expected to decline, Fannie Mae’s Economic and Strategic Research (ESR) group, said in its November commentary.

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Sales Mortgages Land As-is 453

Inman

NOVEMBER 22, 2023

The servicer is facing five separate federal lawsuits over an Oct. 31 cyberattack that knocked out services for days and prevented borrowers from accessing their accounts or paying home loans.

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Loans Mortgages Industrial 168

Housing Wire

NOVEMBER 22, 2023

Mike Cagney’s financial technology firm Figure Technologies has taken another step to go public with its lending division, LendCo , hiring investment banks to coordinate the initial public offering (IPO), per a Bloomberg report. People familiar with the transaction told Bloomberg that Figure is working with Goldman Sachs Group Inc. , JP Morgan Chase & Co. and Jefferies Financial Group Inc. for the IPO.

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Lending Banks Equity Technology 444

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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

Inman

NOVEMBER 22, 2023

Neither brand recognition nor the promise of lower rates were as valuable to agents as a mortgage lender's ability to reliably obtain funding, according to results from the latest Inman Intel Index.

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Branding Mortgages Agents Brokerage 167

Housing Wire

NOVEMBER 22, 2023

While foreclosure completions remained relatively flat in October, foreclosure starts rose to 33,000, hitting their highest level in 18 months, according to the ICE Mortgage Monitor report. In October, there were 217,000 loans in active foreclosure , up 3,000 since September. However, this remains 25% under the pre-pandemic levels. The national delinquency rate fell three basis points to 3.26% in October.

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Staging Loans Mortgages Finance 421

Inman

NOVEMBER 22, 2023

Join Katie Lance and learn how to create a social media calendar that will drive engagement and boost your business in 2024.

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Marketing Agents 180

RIS Media

NOVEMBER 22, 2023

Choosing a new home is an exciting and significant decision in one’s life. One of the many choices you’ll encounter when searching for the perfect home is whether to buy a house on a corner lot. Corner lots are unique in many ways, offering various advantages and disadvantages. Examining the pros and cons of corner… The post Should a Buyer Consider a House on a Corner Lot?

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Industrial 139

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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.

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Bigger Pockets

NOVEMBER 22, 2023

One disadvantage that entrepreneurs and “small-time” real estate investors have is that we cannot do anywhere near the amount of market research that large corporations can.

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Marketing Investor 130

Inman

NOVEMBER 22, 2023

It's the season for giving, so we're asking you: How did you share with others this year?

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Agents 165

Eye on Housing

NOVEMBER 22, 2023

An expected impact of the virus crisis was a need for more residential space, as people use homes for more purposes including work. Home size correspondingly increased in 2021 as interest rates reached historic lows. However, as interest rates increased in 2022 and 2023, and housing affordability worsened, the demand for home size has trended lower.

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Residential 124

RIS Media

NOVEMBER 22, 2023

Seeing their fourth week of declines, the 30-year fixed-rate mortgage (FRM) averaged 7.29% this week, down from last week’s dip to 7.44%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Wednesday, Nov. 22. This week’s results include an adjustment for the observance of Thanksgiving. This week’s numbers: The 30-year FRM… The post Mortgage Rates Continue to Slide Down appeared first on RISMedia.

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Fixed-rate mortgage Mortgages Marketing Industrial 130

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HomeLight

NOVEMBER 22, 2023

In today’s high-interest mortgage market, finding affordable homebuying options is more challenging than ever. As you navigate the complex world of home loans, one term you might have come across is “assumable loan.” Specifically, FHA loans, known for their lower down payment and credit score requirements, often come into focus. But are these loans assumable?

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FHA loan Loans Mortgages As-is 119

RIS Media

NOVEMBER 22, 2023

Anywhere Real Estate Inc. and RE/MAX both announced on Nov. 20 that the companies have received preliminary court approval of their agreements to settle all claims asserted or which could have been asserted against them in the Burnett, Moehrl and Nosalek antitrust class action litigation. Preliminary approval of the settlements, the terms of which were… The post Anywhere, RE/MAX Receive Preliminary Approval of Nationwide Settlement Agreements appeared first on RISMedia.

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MLS Industrial Agents 124

Bigger Pockets

NOVEMBER 22, 2023

The Home Depot announced its Q3 earnings last week, showing signs of life in a dormant housing market. Read more about why this is good news for investors.

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Investor Marketing 128

HomeLight

NOVEMBER 22, 2023

Saving up for a house is a daunting task. With home prices and interest rates remaining high across the country, it can feel more challenging than ever to save enough money to buy a house. For many, however, the dream of homeownership is impossible to ignore. That’s why we’ve done the research and talked with experts to offer real, actionable tips for saving for a house and ideas to help you maximize your savings to buy a home.

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Banks Finance Agents As-is 111

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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