Housing Wire
JULY 8, 2024
Nationally, the housing market indicators have been slow for several months now. There have been a few markets; however, that have defied the national trends where inventory has stayed tighter and demand keeps rolling in. Available inventory of unsold homes in the U.S. is 40% more now than last year, but some markets are just now starting to lift beyond the pandemic lows.
Keeping Current Matters
JULY 8, 2024
Even if you didn't own a home at the time, you probably remember the housing crisis in 2008.
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Housing Wire
JULY 8, 2024
In the fast-paced world of social media , real estate professionals are increasingly turning to Instagram to grow their client base and establish their brand. However, many find that their efforts aren’t translating into the loyalty and engagement they hoped for. The root cause? A widespread reliance on “talking head” videos and the tendency to mimic content from others.
Real Estate News
JULY 8, 2024
Bucking industry trends, consumer sentiment is at the highest level in more than two years, according to Fannie Mae’s latest survey.
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Housing Wire
JULY 8, 2024
Top-five mortgage lender Newrez , owned by asset manager Rithm Capital , has imposed another round of layoffs affecting 265 employees in Colorado and Arizona, per documents sent to state authorities. That’s the third round this year, following the acquisition of Computershare Mortgage Services and its affiliate Specialized Loan Servicing (SLS ) for $720 million in October 2023, which brought some redundancies to its structures.
Real Estate News
JULY 8, 2024
Andy Florance told Real Estate News that a former Realtor.com employee is a ‘pawn’ in a broader dispute, and the bigger picture involves global expansion.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
JULY 8, 2024
A status update in the 5-year-old Moehrl case says any objections to the deals must be filed next month, while HomeServices continues to hash out its agreement.
Housing Wire
JULY 8, 2024
Despite a spate of reports showing the cost of housing increasing, consumers have a slightly rosier view of future home-price growth. That’s according to a new consumer survey from the Federal Reserve that shows respondents believe that home-price growth will be 3%. That’s down from 3.3% in last month’s survey and back to the 12-month trailing average.
Inman
JULY 8, 2024
Change can be a scary word. For many of us, it conjures the image of something sudden and unexpected, a situation we weren’t prepared to face, an environment we aren’t comfortable with.
Housing Wire
JULY 8, 2024
As a broker and real estate coach, I’m always surprised when new agents tell me they don’t want to use real estate scripts. A script is just a predetermined question or response that helps guide a conversation closer to your desired outcome. Knowing what you’ll say in advance on a call, at an open house, or just chatting with your sphere makes you more confident — and confidence is the key that opens the door to opportunity in real estate.
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.
Inman
JULY 8, 2024
Find out what NYC associate broker Bill Kowalczuk has learned during his years in the business and what he'd be doing if he weren't in real estate.
Housing Wire
JULY 8, 2024
Global asset manager Bain Capital announced Monday that it has acquired a controlling stake in Archwest Capital , a California -based company that offers financing to residential real estate investors. The financial terms of the deal were not disclosed, but the companies said in a joint statement that Archwest management, led by CEO Shawn Miller, would retain a “significant minority stake.“ “We are pleased to partner with Shawn and the Archwest team to deliver dynamic financing solutions to home
Inman
JULY 8, 2024
While traditional models struggle to adapt to changing agent and consumer expectations, Epique Realty is setting new standards with its all-inclusive approach, outpacing both discount and flat fee brokerages in virtually every metric.
Housing Wire
JULY 8, 2024
We continue to see a consistent pattern in net operating percentages as they relate to increasing revenue levels. As revenue increases, there is a general downward trend in net operating percentages, further confirming that higher revenue levels may be associated with increased operating costs or other factors that decrease the proportion of revenue retained as profitability.
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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
JULY 8, 2024
Regulators and prosecutors are cracking down on landlords who've been falsifying income and expense data on crucial loan documents, according to a new feature published by "The Wall Street Journal.
Housing Wire
JULY 8, 2024
Roughly eight months after acquiring PacWest Bancorp in a rescue deal , Banc of California is selling roughly $2 billion in business-purpose residential mortgage loans, according to Bloomberg. PacWest had already sold the servicing on the debt service coverage ratio (DSCR) loans, which were originated by its subsidiary Civic Financial Services , before Pacwest was acquired by Banc of California in late 2023.
Inman
JULY 8, 2024
These times have been hard on nearly every real estate business. But different parts of the country report unique challenges and business approaches, as illustrated by Intel’s monthly gauge of industry sentiment.
Housing Wire
JULY 8, 2024
In the ever-evolving landscape of mortgage banking, executives face the critical challenge of leading their teams through turbulent times. The current market, characterized by the “higher for longer” scenario, presents unique obstacles: originators grapple with lower production, low housing inventory, and high rates, while operations professionals endure layoffs and relentless pressure to achieve more with less.
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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
JULY 8, 2024
Wealth manager Michael Conticelli writes that agents must understand ownership rights to ensure they are using correct documentation and contracts for legal compliance.
Housing Wire
JULY 8, 2024
At the National Reverse Mortgage Lenders Association (NRMLA) Eastern Regional Meeting in May, Acting Ginnie Mae President Sam Valverde said that the government-owned company planned to release a term sheet for a newly proposed Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program sometime in the next month. After the industry’s secondary market was rocked by the collapse of Reverse Mortgage Funding (RMF) in 2022, Ginnie Mae went to work in an effort to bring more stability to t
Inman
JULY 8, 2024
At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will be revealed. Join us.
Housing Wire
JULY 8, 2024
An historic home in Chicago ’s Austin neighborhood designed by architect Frank Lloyd Wright in 1903 is in serious need of repairs and renovations, but an existing reverse mortgage loan is complicating the process of initiating the work. This is according to original reporting by Crain’s Chicago Business and subsequent coverage from The Real Deal (TRD).
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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
JULY 8, 2024
Running a team is like leading a family, team leader Carl Medford writes. It takes concerted efforts to keep relationships intact and functioning in a healthy way.
Housing Wire
JULY 8, 2024
The Community Home Lenders of America (CHLA) on Monday submitted a letter to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra , urging the agency to more forcefully go after trigger lead solicitations. To cement the point, CHLA is calling such solicitations “junk calls,” echoing the language of the campaign the Bureau has waged against “junk fees.
Inman
JULY 8, 2024
The owners of the 16th largest MLS in the country plan to sell to a title company executive. But an agent and local leader has received a cease and desist letter over her criticisms of the deal.
Housing Wire
JULY 8, 2024
Real estate technology provider Lone Wolf announced the official launch of its new platform Lone Wolf Foundation on Monday. The firm first announced the creation of the platform at T3 Sixty’s Tech Summit in 2023. According to the company, the platform brings Lone Wolf’s website building capabilities, as well as CRMs , comparative market analyses, open house planning, transaction management, back office work and accounting all into one place.
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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.
Inman
JULY 8, 2024
Leslie McElwreath shares her insights and experiences for how to win in the demanding yet ever-exciting and rewarding luxury real estate industry.
RIS Media
JULY 8, 2024
Purchasing a condo is a significant investment. Like any other real estate purchase, it pays to understand what you’re buying. A thorough condo inspection is essential to make a well-informed decision and avoid pitfalls. I will provide you with the following information so you can make an informed decision. I have put tremendous effort into… The post The Importance of Condo Inspections Before Purchase appeared first on RISMedia.
Inman
JULY 8, 2024
Less talk, and more listening. Inman contributing writer Rachael Hite shares the real reason your transactions turn topsy turvy — and why it has everything to do with what's lost in translation.
Seattle Times Real Estate
JULY 8, 2024
Seattle is eyeing ways to encourage more developers to transform empty office buildings into housing.
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