Fri.Jul 19, 2024

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Secondary market for construction financing could help spur multifamily developments

Housing Wire

“A national secondary market for construction financing could allow lenders, like state housing finance agencies and banks, to provide the investment capital needed to get multifamily housing projects built and keys in families’ hands.” This is the conclusion of a new report published by the Center for Public Enterprise , a nonprofit organization that promotes the expansion of public sector projects.

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Agents Decoded: Finding opportunities in change

Real Estate News

The industry has weathered many storms, and through it all, has grown and thrived. So can agents. Jay Thompson shares 4 ways to leverage the changes ahead.

Agents 272
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Texas housing inventory jumps 40%, but prices stay flat

Housing Wire

They say everything is bigger in Texas — and apparently that includes housing inventory growth. While available homes for sale are growing all over the country , it’s happening at a dramatic scale in Texas. According to a second-quarter 2024 report from Texas Realtors, the number of active listings from April to June of this year were up 40.8% compared to the same period last year.

Sales 474
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Howard Hanna offering buyer agreement/mortgage bundle deal

Real Estate News

Buyers who sign agreements with the nation’s largest family-owned brokerage — and use its mortgage services — will get a 0.5% credit when their loan closes.

Mortgages 221
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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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Coldwell Banker adds generative AI to Listing Concierge

Housing Wire

Artificial intelligence has taken the real estate industry by storm over the past two years and Coldwell Banker is no exception. On Thursday, the Anywhere Real Estate brand announced that it had equipped its exclusive marketing platform tool Listing Concierge with generative AI capabilities. Through this update, the firm says the platform will now allow agents and concierge coordinators to automate the generation of listing descriptions, captions of images and property attributes.

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Why the Midwest is best for agents right now

Real Estate News

A recent analysis found that agents in several Midwestern cities earn higher salaries and face less competition compared to their peers in other regions.

Agents 222

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The Biggest Mistakes Homebuyers Are Making Right Now

Keeping Current Matters

Want to know the biggest mistakes homebuyers are making today?

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Ascent Developer Solutions launches to serve construction loan needs

Housing Wire

Ascent Developer Solutions , a private mortgage lending platform, announced its launch Friday in conjunction with an equity infusion from Elliott Investment Management. Headquartered in Southern California , AscentDS will focus on providing customized financing solutions to single-family and multifamily housing developers and investors across the nation.

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MLS data shares picking up steam in the Southeast

Real Estate News

Four MLSs go Coast 2 Coast in Florida; North Carolina MLS expands into Georgia, each serving about 20,000 members.

MLS 208
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Howard Hanna to offer ’Buy & Borrow Bundle’

Housing Wire

Howard Hanna Real Estate Services is looking to “streamline the home-buying process.” On Thursday, the family-owned real estate firm announced that it was launching its “Buy & Borrow Bundle” program, which it said offers “comprehensive support and financial incentives that cater to the unique needs of everyone in search of home.” “We are thrilled to introduce the Buy & Borrow Bundle, which reflects our ongoing dedication to providing superior value and convenience to our clients,” F.

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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

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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FCC ready to crack down on AI-generated robocalls

Inman

The FCC announced on Tuesday a plan to help consumers identify and block AI-generated robocalls. The plan, if passed, could impact a key part of real estate agents' lead generation methods.

Agents 183
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Troy Palmquist to lead eXp’s growth and product marketing efforts

Housing Wire

eXp Realty announced Friday that it has named Troy Palmquist as its new vice president of growth and product marketing. According to the announcement, Palmquist will be responsible for developing and executing comprehensive marketing strategies aimed at attracting, recruiting and retaining top-tier real estate agents. He will also oversee the promotion of various eXp divisions, including commercial and land and ranch, along with leading a team of product marketers, who will be tasked with ensur

Marketing 441
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Aspen Valley Ranch, Colorado property sold in pieces for $47M

Inman

Aspen Valley Ranch, previously owned by Tellurian co-founder Charif Souki, has been sold in pieces after hitting the market for $220 million, "The Wall Street Journal" reported on Thursday.

Marketing 177
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Analyst: HMBS 2.0 developments should benefit reverse mortgage industry

Housing Wire

Late last month, Ginnie Mae released a term sheet for one of the most anticipated new developments for the reverse mortgage industry — a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as “ HMBS 2.0.” The new term sheet details several differences from the current HMBS program, including a reduction in the HMBS pool size to 95% of the loan’s total unpaid principal balance (UPB).

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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

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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Move calls on court to stop CoStar Group’s use of ‘unauthorized’ files

Inman

Two weeks after filing a theft of trade secrets lawsuit against CoStar Group, Move now wants CoStar to hand over Move-owned files and electronic devices used by former Realtor.com News and Insights Editor James Kaminsky.

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Beyond rates: How Flagstar’s expertise and support drive broker success

Housing Wire

In a competitive market full of options, banks must rely on more than their rate sheet to compete for the business of third-party originators. Established brokers and non-delegated correspondents alike continue to choose Flagstar as a preferred partner because of its reputation for not only being a reliable lender for over 35 years but also for having an extremely knowledgeable team. “We have built enduring trust with a network of over 3,5000 established brokers and non – delegated corresp

Lending 429
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Disparity in agent splits evident in Northeast, Intel analysis reveals

Inman

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.

Agents 171
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Navigating a new network: Lessons from Zink Capital’s US expansion

Housing Wire

Expanding your real estate career into a new market presents significant challenges, especially when navigating unfamiliar language barriers and a new community culture. Leading Zink through our expansion into the United States has provided insight into effectively navigating unfamiliar networks and establishing a presence. When we decided to enter the Florida real estate market , we were driven by its immense growth potential and the chance to diversify our portfolio.

Branding 422
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The Broker Action Plan for the Post-NAR Lawsuit Landscape

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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11 things to know before launching as a luxury real estate agent

Inman

If you've been looking to position yourself within the luxury niche, luxury consultant Chris Pollinger writes, the journey will be both challenging and, potentially, rewarding.

Agents 169
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Amid global tech outage, HUD reports FHA Connection issues

Housing Wire

The Federal Housing Administration (FHA) on Friday announced that its FHA Connection (FHAC) portal — which provides FHA-approved lenders and business partners with secure online access to computer systems at the U.S. Department of Housing and Urban Development (HUD) — has experienced outages in certain core services, coinciding with a widely reported global technology outage stemming from issues at major U.S. tech providers.

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Tech enables instant mortgage payments with a debit card

Inman

Payment processing technology developed by REPAY is now available to loan servicers through ICE Mortgage Technology's Servicing Digital solution, a customer engagement and retention tool.

Mortgages 164
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Single-family rents balloon in St. Louis: CoreLogic

Housing Wire

St. Louis has one of the lowest levels of single-family rents among major U.S. cities, but it might not stay that way for long. A report released this week by CoreLogic showed that the city had the highest year-over-year single-family rent growth in May among the 20 major markets analyzed. With a 6.2% annualized increase, the growth marks the second month in a row that St.

Principal 420
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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

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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EXp promotes Troy Palmquist to VP of growth and product marketing

Inman

Industry veteran and DOORA co-founder Troy Palmquist has been promoted from eXp's director of growth to the VP growth and product marketing. Palmquist joined eXp in 2023.

Marketing 166
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FHA head Julia Gordon to return to NRMLA Annual

Housing Wire

Julia Gordon , the commissioner of the Federal Housing Administration (FHA) and a leading voice at the U.S. Department of Housing and Urban Development (HUD), will be returning for the third consecutive year to the National Reverse Mortgage Lenders Association ‘s (NRMLA) Annual Meeting and Expo that will take place in San Diego in September. Julia Gordon The announcement was made by NRMLA in an email alert to its membership.

Equity 407
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Yvonne Mortimer rejoins Baird & Warner in broker development role

Inman

Yvonne Mortimer has rejoined Baird & Warner after a two-year stretch at Berkshire Hathaway HomeServices Chicago, the company announced Wednesday.

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Report: Foreclosures Nearing Record Low Amidst Challenging Housing Market

RIS Media

While the rate at which home prices are continuing to grow is slowing down in markets across the country, they’re still registering at record-high levels in many areas throughout the U.S. The last time home prices faced such pressing affordability numbers was right before the Great Recession, from 2007 to 2009, which brought an extreme… The post Report: Foreclosures Nearing Record Low Amidst Challenging Housing Market appeared first on RISMedia.

Marketing 126
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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

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.

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Forms, appeals and big wins: Inman’s Top 5 stories of the week

Inman

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Brokerage 170
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Yes, You Need A Real Estate Agent To Buy a New Construction Home! Here’s How to Find One

HomeLight

You’re buying a house, and this time, you’re going to be the very first household to occupy this space; it’s brand-new construction. Now you’re asking yourself: Do you really need to hire a real estate agent for a new construction home? Short answer: Yes, you do. Buy New Construction With Help From a Top Agent Even with new construction homes it’s important to do your due diligence.

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Tyler Mount on agent authenticity, poker and the best steak in Vegas

Inman

The three-time Tony Award winner will appear at Inman Connect Las Vegas later this month to share his expertise on branding, marketing and developing the confidence in life to be yourself.

Branding 150
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Is Reverse Mortgage Interest Tax Deductible?

HomeLight

Mortgage interest is a common tax deduction for homeowners. But what if you don’t have a traditional mortgage? Is reverse mortgage interest tax deductible? Do reverse mortgage payments count as income? In this post, we’ve sifted through the IRS rules and jargon to find the answers to these and other reverse mortgage questions. Whether you’re planning for retirement or looking to tap into your home’s equity, our guide will help clarify what you need to know.

Mortgages 115
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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

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.