Thu.Dec 07, 2023

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Why You Need To Use a Real Estate Agent When You Buy a Home

Keeping Current Matters

If you’ve recently decided you’re ready to become a homeowner, chances are you’re trying to figure out what to do first.

Agents 356
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Mortgage rates are (finally) back at 7%

Housing Wire

Mortgage rates continued their downward trajectory this week as the 10-year Treasury yield dropped below 4.2% for the first time since September, according to new data from Freddie Mac. The 30-year, fixed mortgage rate averaged 7.03% for the week ending Dec. 7, according to Freddie Mac ‘s Primary Mortgage Market Survey. That’s down significantly from last week ’s 7.22% and up from 6.33% the same week a year ago.

Mortgages 529
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Redfin AI tool allows shoppers to virtually redesign rooms

Real Estate News

Powered by Roomvo, Redfin Redesign is launching on 75,000 listings and lets home shoppers change paint colors, flooring and countertops with a few clicks.

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Opinion: To support low-income borrowers, return Fannie Mae and Freddie Mac to the private sector

Housing Wire

Since the 2008 housing crisis , there have been significant changes that prompted the Treasury to place Fannie Mae and Freddie Mac under conservatorship. While the conservatorship has allowed for the mortgage market to be restored to its pre-crisis state and strengthened these two government-sponsored entities (GSEs), there are significant downsides to maintaining the status quo indefinitely.

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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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Optimism about buying a home hits an all-time low

Real Estate News

Even with mortgage rates dropping, challenges like affordability and stagnating household finances are keeping consumers wary.

Finance 240
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How scammers are using AI to commit new fraud in real estate

Housing Wire

Editor in Chief Sarah Wheeler sat down with Tom Cronkright, co-founder and executive chairman of CertifID and CEO of Sun Title , to talk about battling the latest frauds and scams as bad actors leverage a new arsenal of tech tools to wreak havoc on buyers and sellers of real estate. Sarah Wheeler: Can you give us a quick overview of where we are on fraud?

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More Trending

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Incenter rebrands, changes up leadership 

Housing Wire

Incenter Mortgage Advisors (IMA) has rebranded and changed its leadership to reflect the offering of a broader set of capital markets services. The company, which helped organize over $2 trillion in mortgage-servicing rights (MSRs), changed its brand name to Incenter Capital Advisors. It will emphasize corporate strategy and capital markets activities in different asset classes, institutions and balance sheet types.

Lending 447
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KW begins notifying former agents of profit-sharing cuts

Inman

People who left Keller Williams for a competitor have begun receiving letters telling them that their profit share earnings will be reduced from 100 percent to 5 percent.

Agents 197
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Redfin reveals new AI-powered listing photos tool

Housing Wire

Redfin launched Redfin Redesign, an AI-powered tool for home photos, the company announced on Thursday. The new product allows homebuyers to make changes to the interior of a house in listing photos. This tool uses technology from Roomvo , a home design visualization platform. The tool empowers prospective homebuyers to imagine the potential of a home while playing with different design styles.

MLS 454
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Millennials are more real estate obsessed than their parents: Poll

Inman

Nearly 60 percent of millennials said they felt homeownership is more important now than it was for their parents, according to the results of a new survey released earlier this week by Bank of America.

Banks 197
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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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The best free real estate CRMs for 2024 (+4 low-cost alternatives)

Housing Wire

As the real estate market continues to grapple with high interest rates and low inventory, agents entering the market are looking for affordable client relationship management (CRM) tools that offer a cost-effective means to automate and manage client interactions. If you’re a new agent, finding the best free real estate CRM (or a low-cost option) to get you up and running until you build your client list is crucial.

Agents 455
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How Katie Lance empowers real estate pros with social media

Inman

As part of his Snapshot series, Brandon Doyle learns how, in a world where digital presence is increasingly crucial, Katie Lance is empowering agents and brokers to thrive.

Agents 184
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HousingWire Annual 2023 On Demand

Housing Wire

The Full Picture With how important and critical information is in the current environment, we’re excited to share recordings from this year’s HousingWire Annual. To watch the on-demand sessions, click on the buttons below. The full session videos are only available to HousingWire Subscribers. Not subscribed yet? Join here. Tuesday Making Sense of Wild Housing Data for 2023 Speaker: Logan Mohtashami, Lead Analyst, HousingWire Watch Now Sponsored by: Busting the Top Myth in Mortgage Through

Principal 429
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Homebuyer sentiment tallies record low amid falling rates

Inman

Fannie Mae economist warns that, while mortgage rates have retreated, the primary drivers of housing pessimism are persistent affordability challenges and worries about household finances.

Finance 186
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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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7 best real estate schools in Massachusetts for 2024

Housing Wire

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Many Massachusetts real estate schools offer online courses. We’ve researched the best online programs to help you quickly complete the 40 hours of prelicensing classes required by the Commonwealth of Massachusetts.

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Landing adds new management service to its flexible living model

Inman

Branded “AutoPilot,” the new product gives Landing customers the option to use the company’s extensive network of members as a customer base, as as well for furnishing units, marketing vacancies, assisting tenants and, according to the company, “everything in between.

Land 175
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Pennymac raises $750M in unsecured debt

Housing Wire

California-based Pennymac Financial Services raised $750 million in unsecured debt with qualified institutional investors, 15% more than it initially expected, the company announced Thursday. Pennymac will use the proceeds of the offering to repay $650 million in debt due in October 2025. The remainder will be used for “other general corporate purposes,” the company said in an 8k filing with the Securities and Exchange Commission (SEC).

Principal 362
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Sick and tired of low production? 5 tips to raise your numbers in 2024

Inman

If you're frustrated by too-few clients and a sluggish market, writes Jimmy Burgess, it's time to get back to basics with these tried and true lead-gen strategies.

Marketing 180
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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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Flagstar Bank’s one-stop-shop model revolves around brokers’ best interests

Housing Wire

Flagstar ’s presence and expertise in the third-party wholesale mortgage origination market have combined to create a history of success extending over 35 years. The company’s close partnerships with mortgage brokers and correspondents transforms feedback into impactful products, technology and services that help clients grow their businesses in any economic environment.

Lending 349
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Broker Spotlight: Nick Zawitz, The Agency Cleveland

Inman

Find out how managing broker Nick Zawitz and his brokerage are sharing the good news about his market, which he calls one of residential real estate's "best-kept secrets.

Brokerage 177
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Share of Homes Built in Community Associations Edges Down Again

Eye on Housing

According to data from the Census Bureau’s Survey of Construction (SOC), 62.6% of single-family homes started in 2022 were built within a community or homeowner’s association. This marks the second year in a row that the share declined, from the high point of 67.1% posted in 2020, and 65.5% in 2021. Prior to 2021 the share had been on a.

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Real Geeks new website builder is real fast, SEO-first

Inman

Real Geeks new feature was conceptualized to help real estate agents, teams and brokerages publish heavily SEO-optimized websites fit to handle IDX data feeds wrapped around content targeting agents’ specific markets.

Brokerage 166
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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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What to Know About Starting a Career in Real Estate

RIS Media

Embarking on a real estate career can be exciting and rewarding, allowing individuals to thrive in a dynamic and ever-evolving industry. Whether you are considering a switch in careers or entering the workforce for the first time, understanding the intricacies of starting a career in real estate is crucial. In this comprehensive guide, we will… The post What to Know About Starting a Career in Real Estate appeared first on RISMedia.

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Forget the deadbolt, residents of these trusting towns say

Inman

People who live in Hollister, California, feel most confident about leaving their doors unlocked at night, according to a survey by Automatelife.net, because of low property and violent crime rates.

Marketing 163
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Mortgage Rates Hover Near 7%

RIS Media

The 30-year fixed-rate mortgage (FRM) decreased for the sixth straight week, from last week’s average of 7.22% to an average of 7.03% this week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: 30-year fixed-rate mortgage averaged 7.03%, down from last week when it averaged 7.22%.

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How changes to CPI may provide better rent inflation insights

Inman

A recent working paper by the Federal Reserve Bank of Cleveland explores a new way to measure rent in the CPI that could give earlier insight into the direction of consumer housing costs.

Banks 155
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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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Podcast Digs Into CoStar CEO’s Heated Response to realtor.com

RIS Media

In a recent episode of BAM’s Real Word podcast, hosts Byron Lazine and Nicole White discussed an email sent by CoStar Founder and CEO Andy Florance to real estate agents. In the email, Florance addressed rumors and false statements he says were made about Homes.com, a subsidiary of CoStar, by realtor.com Senior Vice President Bob… The post Podcast Digs Into CoStar CEO’s Heated Response to realtor.com appeared first on RISMedia.

Agents 122
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7 smart strategies for getting more real estate leads for less than $100

Inman

If social media, direct mail and networking aren’t yielding enough leads, try these simple, inexpensive strategies from author and coach Darryl Davis.

Agents 155
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Need Funds for Your Business? How to Get FREE Money Through Business Grants

Bigger Pockets

Are you sitting on an amazing business idea? Knowing how to get money to start a business is a critical first step to getting your concept off the ground.

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Bridge Loans in Washington, D.C.: How to Unlock Home Equity to Buy Before You Sell

HomeLight

Are you a homeowner in Washington, D.C., trying to sell your old home while buying a new one? Finding the perfect balance between selling and buying can be tough in a market where inventory is low and prices are high. It can be difficult to juggle the timing and financial details when you’re pressed to sell before you can invest in your new home.

Equity 111
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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.