Housing Wire

DECEMBER 6, 2023

Falling mortgage rates last week brought increased demand. Total home loan applications increased 2.8% for the week ending Dec. 1 compared to the previous week , according to data from the Mortgage Bankers Association (MBA). The 30-year fixed-rate mortgage averaged 7.17% last week. Slower inflation and the confidence financial markets have that we are nearing the end of the Fed ’s hiking cycle has brought mortgage rates to the lowest level since August.

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VA loan Mortgages FHA loan Fixed-rate mortgage 521

Real Estate News

DECEMBER 6, 2023

Buyer’s agents in 2023 were at the center of questions about compensation — and their value. But those who have made it through are confident of their worth.

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Agents 284

Housing Wire

DECEMBER 6, 2023

More home sellers on the East Coast are getting in on the commission lawsuit action. Plaintiffs in Florida and Pennsylvania filed lawsuits on Monday, accusing real estate industry players of allegedly colluding to artificially inflate real estate agent commissions. Both lawsuits are seeking class-action status. Similar to the other commission lawsuits, the latest two take aim at the National Association of Realtors’ Participation Rule, which requires the listing broker to make a blanket offer of

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MLS Brokerage Agents Industrial 459

Keeping Current Matters

DECEMBER 6, 2023

Does the rising cost of just about everything these days make your dream of owning your own home feel less within reach?

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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

DECEMBER 6, 2023

In September 2022, the 30-year fixed mortgage rate averaged 6.1%, according to Freddie Mac data. Fast-forward one year, and the rate averaged 7.2%, an expensive difference for many homebuyers (rates have since started to drop ). But compare mortgage delinquencies over the same period: 2.8% in September 2022, 2.8% in September 2023, according to CoreLogic data.

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Mortgages Principal Staging Loans 488

Real Estate News

DECEMBER 6, 2023

The Florida Association of Realtors and 16 brokerages are named in the seventh major antitrust case filed by home sellers since the Sitzer/Burnett verdict.

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Brokerage 278

Real Estate News

DECEMBER 6, 2023

Keller Williams also announced automated market snapshots and additional features as its CRM platform joins others in adding ChatGPT-powered capabilities.

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Marketing 226

Housing Wire

DECEMBER 6, 2023

Government-sponsored enterprise (GSE) Freddie Mac on Wednesday announced further enhancements to its Condo Project Advisor tool that are designed to “streamline” such loan originations and to offer lenders “greater security” through a new designation, according to an announcement. “This designation, known as ‘project certified’ status for Project Assessment Requests (PAR), confirms that condo properties meet certain project review and general eligibility requirements for financing,” Freddie Mac

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Loans Design Finance Mortgages 456

Real Estate News

DECEMBER 6, 2023

Cloze and Realscout team up; Stellar MLS partners with RentSpree; InspectionGo promotes COO to president; Addressable shuts down.

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MLS 211

Housing Wire

DECEMBER 6, 2023

The Community Home Lenders of America (CHLA) submitted a letter to the Federal Housing Finance Agency (FHFA) expressing its support for the use of attorney opinion letters (AOLs) on Wednesday. In the letter addressed to FHFA Director Sandra Thompson , the CHLA says that it supports the use of AOLs in lieu of title insurance , “in conjunction with Enterprise mortgage loans, subject to reasonable standards.

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Title Due diligence Land Loans 435

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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

DECEMBER 6, 2023

Mortgage rates keep falling after Powell tries to deflate expectations for the spring rate, as three new reports released this week suggest the economy is, in fact, losing steam.

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Mortgages As-is Marketing 200

Housing Wire

DECEMBER 6, 2023

Real estate transactions are rarely stress-free. A home purchase or sale might be the most significant financial commitment a person makes in their lifetime, and many sales are layered with complicated feelings. When you combine money and emotions, you’re bound to face some challenges. When the inevitable occurs, here are eight crisis management tips for handling difficult situations. 1.

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Due diligence Technology Commercial Property Management 434

Inman

DECEMBER 6, 2023

In separate lawsuits, homesellers allege the defendants — including Florida Realtors and West Penn MLS — conspired to enforce rules that inflated commissions on the sale of their homes.

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Brokerage MLS Sales 199

Housing Wire

DECEMBER 6, 2023

Miami-based fintech provider LoanPASS integrated Uplist ’s suite of home-shopping tools into its pricing engine, the company announced in November. The partnership will boost loan officers ’ capacity to deliver personalized, efficient and tech-powered solutions directly to their clients and agents. The addition of some of Uplist’s tools such as SmartView, Quick Quotes or SmartBuyers will allow lenders to enhance the homebuying experience.

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Loan Officer Banks Lending Loans 457

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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

DECEMBER 6, 2023

On a recent podcast, the Corcoran Group founder shared her strategy for success in real estate investment that she says has helped earn her a net worth of $100 million.

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Housing Wire

DECEMBER 6, 2023

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. As we edge towards 2024, the real estate landscape buzzes with both opportunities and uncertainties. With home prices expected to hold steady and even grow in many markets, real estate agents face a unique market shaped by shifting demographics, evolving buyer expectations and lingering economic uncertainties.

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Agents Brokerage Design MLS 441

Inman

DECEMBER 6, 2023

Coaches Emily Bossert and Melanie Klein offer tips for living a life by design when you think ahead and set your intentions for personal and professional success in 2024.

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Design Agents 174

Housing Wire

DECEMBER 6, 2023

Pennymac Financial Services is the latest mortgage company to issue debt in a challenging housing market. The California-based company announced on Wednesday it intends to offer a $650 million aggregate principal amount of senior notes due in 2029. “Proceeds from the offering will be used to repay a portion of the Company’s secured term notes due 2025 and for other general corporate purposes,” Pennymac said in an 8-K filing with the Securities and Exchange Commission (SEC).

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Principal Equity Mortgages Investor 425

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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

DECEMBER 6, 2023

The sale of the Como Residences penthouse, located on the exclusive Palm Jumeirah archipelago, is the priciest ever to close in Dubai. The penthouse is expected to be complete in late 2027.

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Development Sales Closing 171

Housing Wire

DECEMBER 6, 2023

CBC Mortgage Agency – a federally chartered housing finance agency – will offer two temporary rate buydown features for its down payment assistance (DPA) program for Federal Housing Administration (FHA) loans. The agency is the first to provide either a 2-1 rate buydown or a 1-0 rate buydown on a DPA program. “The addition of a 2-1 and a 1-0 buydown feature is CBC Mortgage Agency’s continued response to the ongoing effect of the higher interest rates,” said Cari Zwick, CBC Mortgage Agency’s nati

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FHA loan Loans Mortgages Finance 427

Inman

DECEMBER 6, 2023

Author and trainer Bernice Ross writes that the addition of Python to the already-robust marketing capabilities of ChatGPT creates a winning combination for your 2024 content planning.

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Marketing Technology Agents 172

Bigger Pockets

DECEMBER 6, 2023

There have been a lot of interesting threads in the economic space lately. The biggest stories have surrounded attempts to predict what the Federal Reserve will do in 2024.

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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

DECEMBER 6, 2023

CEO Mike Nolan says FNF has resumed normal operations, and that customer disruption from the cybersecurity incident was "relatively brief" and included the Thanksgiving holiday weekend.

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Title Land Technology Industrial 170

RIS Media

DECEMBER 6, 2023

The baseline conforming loan limit (CLL) for most U.S. mortgages backed by Freddie Mac and Fannie Mae in 2024 has increased from $726,200 to $766,550, an increase of $40,350 or 5.56% from 2023, according to the annual release by the Federal Housing Finance Agency (FHFA) this past Tuesday. The Housing and Economic Recovery Act (HERA)… The post FHFA Announces Conforming Loan Limit Values for 2024 appeared first on RISMedia.

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Loans Finance Mortgages Industrial 128

Inman

DECEMBER 6, 2023

The National Association of Realtors' for-profit venture capital arm, Second Century Ventures, runs the program. Applications are due by Jan. 31.

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MLS Technology 181

Bigger Pockets

DECEMBER 6, 2023

A top firm spoke out last week, saying that all indicators pointed towards the Fed lowering rates at least six times in 2024. Is this possible?

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Brokerage

Inman

DECEMBER 6, 2023

Joining the fast-moving, tech-forward brokerage are Group O’Dell Real Estate Team, The Andy Blake Group, Applebaum KC Homes and Long Real Estate, all of the greater Kansas City metropolitan area.

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Brokerage 165

HomeLight

DECEMBER 6, 2023

Are you a homeowner in Chicago grappling with the challenge of selling your old home while eyeing your next dream house? You’re not alone. Transitioning from one home to another often involves a delicate balance of timing and finances, especially in a market where inventory is scarce and prices are soaring. Imagine you find your ideal home in Chicago but are stuck in a predicament.

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Inman

DECEMBER 6, 2023

Charlie Munger, legendary philanthropist and business partner to Warren Buffett, died Nov. 28 at the age of 99. Inman founder Brad Inman recalls a consequential meal with the venerable investor.

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Investor Agents 166

HomeLight

DECEMBER 6, 2023

Stepping into the real estate market in Houston can feel like a high-wire act, especially when trying to balance selling your current home with purchasing a new one. This balance of timing and funds becomes even more challenging in a market where inventory is scarce, and prices are sky-high. For many Houston homeowners, the dilemma often seems to boil down to selling first and then facing the inconvenience of moving twice – first to a temporary location and then to your new home.

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Equity Loans Debt-to-income ratio Home sale contingency 111

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