Housing Wire

NOVEMBER 7, 2024

Climate change is increasing the intensity and severity of natural disasters. It’s resulting in calls to reimagine the costs of homeowners insurance (Image generated by AI in Midjourney) As the planet warms and extreme weather intensifies, the rising cost of homeowners insurance is stopping real estate deals in their tracks. In just the past two months, two major hurricanes battered Florida, inflicting physical and financial damage that is projected to exceed $100 billion.

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Design Mortgages Lending As-is 482

Real Estate News

NOVEMBER 7, 2024

The company says its innovative AI and financial products give it an edge as it increases revenue and agent count despite a difficult housing market.

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Agents Marketing 300

Housing Wire

NOVEMBER 7, 2024

Relocating to New York City can be an exciting yet daunting experience, especially for professionals moving for work. This article will guide you in choosing the right neighborhood and show how HR teams can better support their relocating staff. Choosing the right neighborhood 1. Understanding the boroughs New York City is divided into five boroughs, each with its unique charm and characteristics: Manhattan : Known for its bustling city life, iconic landmarks, and vibrant neighborhoods li

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Keeping Current Matters

NOVEMBER 7, 2024

Trying to decide between renting or buying a home?

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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.

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Housing Wire

NOVEMBER 7, 2024

In a new episode of the “Real Estate Insiders Unfiltered Podcast,” hosts James Dwiggins and Keith Robinson are joined by Zillow Group CEO Jeremy Wacksman for a deep dive conversation that covers the role of technology in real estate and Zillow’s “ Super App.” This conversation has been edited for length and clarity. To kick off the episode, Wacksman discusses the importance of technology in real estate.

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Technology Staging Agents Brokerage 369

Real Estate News

NOVEMBER 7, 2024

Despite a 25-point cut by the central bank, rates rose for a sixth straight week while applications fell sharply.

Banks 231

Banks Mortgages 231

Real Estate News

NOVEMBER 7, 2024

The company suffered losses due to its payout in the commissions settlement, but touted agent productivity, international growth and positive revenue.

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Agents 176

Housing Wire

NOVEMBER 7, 2024

When rates dropped in the third quarter of 2024, UWM Holdings Corp. , the parent of United Wholesale Mortgage , notched its biggest production quarter in three years while improving margins due to a higher refi volume. However, it also made a more modest profit, mainly because of the financial impact of lower rates on its servicing book. “The refi boom is not fully materialized, but we have seen a preview of it,” Mat Ishbia, chairman and CEO of UWM, told analysts during an earnings call on Thurs

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Loan Officer Loans Principal Mortgages 370

Inman

NOVEMBER 7, 2024

The San Francisco-based iBuyer bought and sold more homes during Q3 than it did a year ago and trimmed its net loss by 14 percent from Q2 and 26 percent from a year ago.

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Industrial 168

Housing Wire

NOVEMBER 7, 2024

Guild Mortgage CEO Terry Schmidt said during a third-quarter earnings call on Wednesday that Guild’s reverse mortgage division continues to contribute to companywide strategies, and that additional interest in reverse has been observed. Guild’s current reverse lending division, built off its 2023 acquisition of Cherry Creek Mortgage , has expanded its reverse mortgage activities this year.

Mortgages 370

Mortgages Equity Lending Branding 370

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

Inman

NOVEMBER 7, 2024

At NAR NXT, panelists Marilyn Wilson, James Dwiggins and Clint Skutchan advised MLSs to make themselves essential without guaranteeing compensation.

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MLS 167

Housing Wire

NOVEMBER 7, 2024

Government-sponsored enterprise Fannie Mae announced on Thursday the appointment of Scott D. Stowell, a homebuilding executive with nearly 40 years of industry experience, to its board of directors. “Mr. Stowell brings nearly 40 years of experience in the U.S. homebuilding industry to Fannie Mae’s accomplished and diverse board, which guides the company’s efforts to responsibly expand access to mortgage credit and finance quality, affordable rental housing ,” the company said in a statement.

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Inman

NOVEMBER 7, 2024

The Real Brokerage added more than 2,000 new agents in the third quarter while revenue rose to $372.5 million, according to quarterly earnings Thursday. The company posted a net loss of $2.5 million.

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Brokerage Agents 167

Housing Wire

NOVEMBER 7, 2024

In second-quarter 2024, high home prices and soaring mortgage rates caused more homeowners to struggle with their loan payments. But data shows a slight recovery as mortgage delinquencies fell in the third quarter. That silver lining comes from the Mortgage Bankers Association (MBA)’s National Delinquency Survey. According to the MBA, the seasonally adjusted rate for residential property (one- to four-unit) delinquencies dropped to 3.92% at the end of September.

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VA loan FHA loan Mortgages Loans 370

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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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Real Estate News

NOVEMBER 7, 2024

CEO Glenn Kelman apologized to shareholders but also said expansion of the company’s new agent pay plan will help the brokerage “go on the attack” in 2025.

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Brokerage Agents 167

Housing Wire

NOVEMBER 7, 2024

Finance of America (FOA), the reverse mortgage industry’s leading lender, announced its third-quarter 2024 earnings results on Wednesday evening. It delivered adjusted net income of $15 million, or $0.67 per share. The company noted that Q3 2024 marked the fifth consecutive quarter of improved operating performance, including a recovery from the second quarter in which it posted a net lossof $5 million.

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Inman

NOVEMBER 7, 2024

Eva Angelina Romero, a top real estate broker, shares her insights on life, success and building a business you are passionate about.

Brokerage 165

Brokerage 165

Housing Wire

NOVEMBER 7, 2024

Ginnie Mae announced on Thursday that it will allow relief from its risk-based capital ratio (RBCR) requirements for any mortgage-backed securities (MBS) issuers that effectively hedge the value of their mortgage servicing rights (MSRs). One housing advocacy group said the move will create flexibility for independent mortgage banks (IMBs). A new memorandum reiterates that beginning on Dec. 31, 2024, “certain issuers and applicants will also be required to maintain a Risk Based Capital Ratio (RBC

Banks 392

Banks Mortgages Industrial Development 392

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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 7, 2024

Home affordability improved as mortgage rates dipped, bringing the monthly mortgage payment on a typical single-family home with a 20 percent down payment to $2,137 — a 5.5 percent decrease from Q2, though still up 2.4 percent year over year.

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Mortgages Fixed-rate mortgage MLS Marketing 158

Housing Wire

NOVEMBER 7, 2024

After delivering two straight quarterly losses to start this year, mortgage technology company Blend Labs predicted correctly that it would soon move into the black by one key accounting measure, finally delivering a non-GAAP operating profitability third-quarter 2024 earnings. The earnings report , released Wednesday, revealed that Blend’s GAAP loss from operations improved to $13.3 million in the third quarter of this year compared to $36.2 million in the same period last year.

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Mortgages Banks Title Equity 221

Real Estate News

NOVEMBER 7, 2024

The franchise went the same route as eXp, agreeing to settle with plaintiffs in the Hooper case even though it was originally named in Gibson.

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Inman

NOVEMBER 7, 2024

Housing market sentiment rose in October to the highest level since February 2022, but 8 in 10 consumers still said it was a bad time to buy, Fannie Mae survey finds.

Marketing 156

Marketing Mortgages 156

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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.

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The Close

NOVEMBER 7, 2024

Investing in real estate may seem as simple as buying a property and collecting money, but it is far more complicated than that. Don’t stop reading, though. I said it was complicated, not impossible! This beginner’s guide will help you understand how to invest in real estate successfully, one step at a time. While The Close likes to keep our articles short, this topic needs a bit more explanation, but trust us, it will be worth your while.

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Hard money loan Purchase and sale agreement Investor Due diligence 91

Inman

NOVEMBER 7, 2024

Showing homes is a time-consuming, yet vital, part of the buying process. Coach Verl Workman shares how outsourcing the task can benefit your team.

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Agents Brokerage 155

BAM Media

NOVEMBER 7, 2024

BAM Key Details: The National Association of Realtors®’ 2024 report reveals that the typical home seller’s age has climbed to 63, with married couples making up 69% of sellers, marking an increase for the first time in four years. Most sellers are motivated by a desire to live closer to family, while the share of FSBO (For Sale By Owner) sellers has dropped to a historic low of 6%, highlighting an increased reliance on real estate agents for smoother transactions.

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Sales Agents As-is Marketing 98

Inman

NOVEMBER 7, 2024

The virtual brokerage grappled with losses as it paid out its settlement in antitrust commission lawsuits and increased agent losses in a bid to offload less productive agents from the platform.

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Brokerage Agents Marketing 154

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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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Estate Agent Today

NOVEMBER 7, 2024

If the latest news headlines are to be believed we are in the middle of a property boom.

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Inman

NOVEMBER 7, 2024

Move was anticipated by investors that fund most home loans, who have been driving up mortgage rates over concerns about inflation and pace of future Fed rate cuts.

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Mortgages Investor Loans Marketing 154

Estate Agent Today

NOVEMBER 7, 2024

Sam Mitchell has revealed the reasons behind his exit from Purplebricks following a restructure of the online agent.

Agents 116

Agents 116

Inman

NOVEMBER 7, 2024

Revenue, closed transaction volume and net income fell in Q3, earnings data on Thursday shows. But a strong luxury push and October uptick in buyer activity have set the stage for a robust Q4.

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Staging Closing Branding Brokerage 152

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