Housing Wire

JANUARY 24, 2024

Let’s talk about lowball offers. What constitutes a “lowball” offer, when is it appropriate or not appropriate and how can you encourage your buyer clients to stop insisting on offering a price that’s unlikely to result in an offer? By definition, a lowball offer is an offer that is significantly below market value. This is where the problem can start — in practice, agents and their clients consider a an offer to be a lowball if it’s significantly below the asking price.

Agents 474

Agents Sales Lending Marketing 474

Keeping Current Matters

JANUARY 24, 2024

If you’re looking to buy a home, the recent downward trend in mortgage rates is good news because it helps with affordability.

Mortgages 345

Mortgages Marketing 345

Housing Wire

JANUARY 24, 2024

Fannie Mae has announced updates to its HomeReady product, including a temporary $2,500 credit for very low-income purchase borrowers to use for down payment and closing costs. Another step the government-sponsored enterprise took was to enhance the best efforts commitments on HomeReady loans. It allows lenders to lock in margins and reduce hedging costs.

Closing costs 497

Closing costs Loans Closing Mortgages 497

Real Estate News

JANUARY 24, 2024

The best way to protect consumers and raise the bar for the entire industry? Require buyer agency agreements across the board.

Industrial 302

Industrial 302

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

JANUARY 24, 2024

Mortgage demand continued to increase last week, as seen in an uptick in purchase activity. Mortgage applications rose by 3.7% in the week ending Jan. 19 compared to one week earlier on a seasonally adjusted basis, per the Mortgage Bankers Association ‘s (MBA) weekly mortgage applications survey. “Conventional and FHA purchase applications drove most of the increase last week as some buyers moved to act early this season,” Joel Kan , MBA’s vice president and deputy chief economist, said in a st

Mortgages 497

Mortgages Fixed-rate mortgage Loans Residential 497

Real Estate News

JANUARY 24, 2024

The lawsuits, known as Batton 1 and Batton 2, may soon be combined, with both moving forward under Judge Andrea Wood.

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209

Inman

JANUARY 24, 2024

Realtor.com data suggests there will only be three listings per agent in 2024 and that sellers who want to close a deal in April are already looking for representation.

Closing 186

Closing Agents Sales Brokerage 186

Housing Wire

JANUARY 24, 2024

Last month, DataDigest explored market experts’ expectations for 2024, with the consensus calling for a moderately better housing market than 2023. But a meeting of the Federal Open Market Committee the following week set off a market frenzy over expectations of interest rate cuts, moving mortgage rates down well ahead of experts’ forecasts and prompting a subsequent DataDigest that asked whether the picture for 2024 had changed.

Marketing 472

Marketing Equity Mortgages Sales 472

Inman

JANUARY 24, 2024

The HGTV star announced his forthcoming book, "Flip Your Life," at ICNY on Wednesday. "We all face struggles, we all face pain, and it's about what you do with those struggles and what you do with that pain," El Moussa said.

Design 181

Design Agents 181

Housing Wire

JANUARY 24, 2024

Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac announced this week the release of their “Mission Index,” updating or expanding their single-family social bond framework to better communicate the goals of the index to stakeholders and investors. The GSEs issued separate announcements and a joint statement. Freddie Mac updated its single-family social bond framework which includes refinements to its mortgage-backed securities (MBS) disclosures, “designed to further support unde

Investor 477

Investor Lending Loans Finance 477

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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.

Brokerage

Inman

JANUARY 24, 2024

Attract buyers by taking your value proposition to the next level with advice from Chelsea Hamre from RE/MAX, Julia Boland from Corcoran, DJ Ten Hoeve from Keller Williams at Inman Connect New York.

Agents 177

Agents Marketing 177

Housing Wire

JANUARY 24, 2024

Agents subscribed to Bright MLS now have access to a built-in advertising tool through a new partnership with Collabra Technology , according to an announcement on Tuesday. Through the Bright MLS platform, subscribers will have access to Collabra’s AdBuilder , which lets agents plan and schedule paid digital advertising campaigns from the MLS ’ platform.

MLS 451

MLS Technology Land Construction 451

Inman

JANUARY 24, 2024

A panel of real estate PR reps and social media influencers told ICNY attendees to remember that the brand is you, the cameras are always on, and whatever you do, avoid talking politics this election year.

Branding 170

Branding Agents Marketing 170

Housing Wire

JANUARY 24, 2024

Delinquencies rose in December but the rise is mostly due to the calendar: December ended on a Sunday, so payments made on the last day of the month were credited to January. As a result, some loans appeared temporarily delinquent, ICE noted in its First Look Mortgage Performance report. The national delinquency rate rose to 3.57% in December, up from 3.39% in November.

Mortgages 441

Mortgages Staging Loans Sales 441

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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.

Agents

Inman

JANUARY 24, 2024

Jill Biggs and Sean Soderstrom argued Wednesday at Inman Connect New York that leaders have to learn to find their specialties — and to delegate.

Agents 184

Agents Brokerage 184

Housing Wire

JANUARY 24, 2024

San Diego-based reverse mortgage wholesale lender Smartfi Home Loans has forged a partnership with LoanPASS to use the technology company’s software-as-a-service (SaaS) product and pricing engine in its reverse lending operations. Stating its desire to expand reverse mortgage wholesale lending through a series of inter-company partnerships, the new accord serves as an example of its broader goal, according to a statement from Gregg Smith, CEO of Smartfi.

Technology 428

Technology Lending Equity Loans 428

Inman

JANUARY 24, 2024

The founder of The Agency is part of a team launching the American Real Estate Association as NAR continues to face criticism and legal trouble.

As-is 181

As-is Industrial 181

Housing Wire

JANUARY 24, 2024

A cohort of former employees at now-defunct reverse mortgage lender Live Well Financial has been granted final settlement approval in a class action lawsuit brought against the company’s estate in May 2019. Monica Williams, a former loan account manager in Live Well’s Richmond, Va. headquarters, initially filed the suit days after Live Well had halted funding for new loans and subsequently ceased operations entirely.

Bankruptcy 419

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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

JANUARY 24, 2024

The mortgage lender has restored websites that collect payments, accept loan applications and match homebuyers with partner real estate agents after Jan. 4 cyberattack.

Loans 165

Loans Mortgages Agents Technology 165

Housing Wire

JANUARY 24, 2024

New Jersey-based TD Bank has decided to invest $10 billion in affordable homeownership initiatives by 2027, including providing loans and liquidity to the residential lending market. The investment represents half of the bank’s three-year Community Impact Plan announced Wednesday, which will direct $20 billion to lending, philanthropy, and banking access, among other initiatives, for the benefit of diverse and underserved communities.

Banks 419

Banks Lending Loans Finance 419

Inman

JANUARY 24, 2024

Purchase mortgage applications surge by 8 percent as homebuyers seeking to take advantage of the recent decline in rates get an early jump on the spring homebuying season.

Mortgages 159

Mortgages Marketing 159

Bigger Pockets

JANUARY 24, 2024

Home prices have grown year over year through the last several months and show no signs of slowing down. Some markets have more momentum than ever and have emerged as early hot spots this year. Here's what you need to know.

Marketing 134

Marketing 134

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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

JANUARY 24, 2024

The Anywhere CEO challenged individual leaders to step up, rather than be dependent on NAR to lobby for the industry in Washington. He added that the most important thing for leaders today are vision and attitude.

Industrial 158

Industrial Brokerage Marketing 158

Eye on Housing

JANUARY 24, 2024

According to the January 2024 survey for the NAHB/Wells Fargo Housing Market Index, high interest rates were a significant issue for 90% of builders in 2023, and 77% expect them to be a problem in 2024. The second most widespread problem in 2023 was rising inflation in US Economy, cited by 83% of builders, with 52% expecting it to be.

Marketing 122

Marketing Construction 122

Inman

JANUARY 24, 2024

Team leaders Megan Romine, Ryan Butler and Elias Astuto discussed how enforcing standards, sharing responsibilities and staying engaged with your agents and community are key to creating a successful, long-lasting business.

Agents 156

Agents 156

Bigger Pockets

JANUARY 24, 2024

The secret to reliable rental income isn't the property, the location, or the amount of money you put in. It's this, and it's a straightforward thing to get right.

Property Management 125

Property Management 125

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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.

Brokerage

Inman

JANUARY 24, 2024

Unpack the tools and insights you’ll need for 2024 with Red Apple Coaching and Consulting’s Mary-Anne Gillespie, Compass’ Courtney Smith and Douglas Elliman’s Jacky Teplitzky.

Agents 149

Agents Marketing 149

HomeLight

JANUARY 24, 2024

In your search for the perfect home, you may come across listings tagged as “Active Offer No Bump.” But what does Active Offer No Bump mean? Can you still make an offer on a house with this status? If you do submit an offer, what can you expect in terms of the seller’s response and the overall buying process? In this post, we explain the bump clause in real estate and why some sellers may choose to label their property as “Active Offer No Bump.

Home sale contingency 116

Home sale contingency Equity Residential Design 116

Inman

JANUARY 24, 2024

Intel is highlighting the most important data releases and events slated for each month of 2024 in an effort to help industry observers follow the arc of residential real estate's rebound this year.

Residential 146

Residential Industrial Brokerage Marketing 146

RIS Media

JANUARY 24, 2024

In 2022, 42 million households in the United States were cost-burdened, paying one-third of their income toward housing—a statistic that increased substantially due to the impacts of the COVID pandemic, rising to the highest level since 2015, according to Harvard’s Joint Center for Housing Studies (JCHS). The number of cost-burdened households rose by 4.9 million… The post 42 Million U.S.

Industrial 128

Industrial Marketing 128

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