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.

Design 459

Design Mortgages Lending As-is 459

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.

Agents 301

Agents Marketing 301

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

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 252

Banks Mortgages 252

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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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New Construction Construction Residential Industrial 370

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 192

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 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.

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Mortgages Equity Lending Branding 364

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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Housing Wire

NOVEMBER 7, 2024

Home prices continue to rise, but they’re rising in slightly fewer areas of the country. Data released Thursday by the National Association of Realtors (NAR) shows that during the third quarter of 2024, home prices grew in 87% of the 226 metropolitan areas analyzed. That share is down from 89% in the second quarter. In addition, 7% of metro areas analyzed experienced double-digit home-price growth, which is down from 13% in Q2 2024.

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Sales Mortgages Marketing As-is 397

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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

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.

Industrial 174

Industrial 174

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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HR Agents As-is 390

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 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

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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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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 167

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 383

Banks Mortgages Industrial Development 383

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 167

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 367

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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

NOVEMBER 7, 2024

Weichert has reached a settlement in a case known as Hooper, according to new court documents. EXp's settlement in that case sparked pushback from plaintiffs in a different lawsuit.

Brokerage 167

Brokerage 167

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

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 167

Marketing Mortgages 167

Keeping Current Matters

NOVEMBER 7, 2024

Trying to decide between renting or buying a home?

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Brokerage

Inman

NOVEMBER 7, 2024

Third-quarter earnings reveal a varied performance across real estate, with standout gains in recruitment for The Real Brokerage and mortgage growth for Zillow, while others like Offerpad and RE/MAX face ongoing challenges amid shifting market conditions.

Brokerage 158

Brokerage Mortgages Marketing Agents 158

RIS Media

NOVEMBER 7, 2024

After an aggressive half percent cut in September, the Federal Reserve followed through on an expected but more measured quarter percentage point rate reduction Thursday, just days after an historic election outcome that economists say could cause disruption in the housing market in 2025. The cut to the Fed’s benchmark interest rate brings it to… The post Fed Moves Ahead With Expected Quarter-Point Rate Cut appeared first on RISMedia.

Marketing 109

Marketing Industrial Mortgages 109

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.

Brokerage 158

Brokerage Agents Marketing 158

Eye on Housing

NOVEMBER 7, 2024

The Fed cut the short-term federal funds rate by an additional 25 basis points at the conclusion of its November meeting, reducing the top target rate to 4.75%. However, while the Fed noted it is making progress to its 2% inflation target, it did not provide post-election guidance on the pace and ultimate path for.

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Finance 105

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

Inman

NOVEMBER 7, 2024

In advance of his retirement from the firm, Lorber allegedly underwent a five-hour-long internal inquiry, Bloomberg reported, during which he disclosed intimate relationships with agents Jennine Gourin and Jessica Cohen.

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Agents Brokerage 158

Brownstoner

NOVEMBER 7, 2024

Got a project to propose for The Insider? Contact Cara at caramia447 [at] gmail [dot] com A few decades back, carving up historic churches into residential units was all the rage in Brooklyn's brownstone belt. Such conversions often resulted in awkward living spaces. That was the case in this 2,400-square-foot triplex at the… Read More > The post The Insider: Architect Makes Sense of Awkward Space in Heights Triplex appeared first on Brownstoner.

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Residential Renovation 105

Inman

NOVEMBER 7, 2024

Travelers spent $20.1 billion on Airbnb in Q3, a 10 percent increase compared to a year ago, according to earnings results Thursday. Still, a spike in expenses as it seeks to grow overseas cut into profits.

Brokerage 158

Brokerage Agents 158

Brownstoner

NOVEMBER 7, 2024

This one-bedroom in a former carriage house has some style potential and a desirable location in the Clinton Hill Historic District. It's located in the rear of the second floor of 224 Hall Street, a two-story brick building across from Pratt and that institution's sculpture park. Of a similar age,… Read More > The post No-Fee Clinton Hill Carriage House Unit With Laundry Asks $3.3K a Month appeared first on Brownstoner.

Marketing 103

Marketing 103

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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.

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