Housing Wire
JANUARY 25, 2024
Mortgage rates stabilized in the past week but remain close to the narrow range observed since the start of this month. The 30-year fixed-rate mortgage averaged 6.69% as of Jan. 25, an increase from last week’s figure of 6.60%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday. Meanwhile, the 15-year fixed rate averaged 5.96% this week, up from 5.76% during the prior week.
Keeping Current Matters
JANUARY 25, 2024
Has the idea of sharing a home with loved ones like your grandparents, parents, or other relatives crossed your mind?
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Housing Wire
JANUARY 25, 2024
People say that housing leads the economy into a recession: this is true when new home sales and housing permits fall together. When that happens, the builders start laying off workers before the national economy goes into a recession. This is one reason I raised my fifth recession red flag for Housing on June 16, 2022 as I saw that higher mortgage rates would impact new home sales and housing permits.
Real Estate News
JANUARY 25, 2024
Ryan Schneider spoke to Real Estate News about his company’s decision to settle in the commissions cases and his thoughts on NAR and the year ahead.
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.
Housing Wire
JANUARY 25, 2024
Homeowners in California now have even fewer choices in homeowners insurance carriers. The Hartford Financial Services Group , better known as The Hartford, announced Wednesday that it would no longer issue new homeowners insurance policies in California starting in February 2024. The firm noted that this change would also impact The Hartford’s joint homeowners insurance program with AARP.
Real Estate News
JANUARY 25, 2024
CRMLS, Bright MLS and MRED have reached an agreement with ThePLS.com over Clear Cooperation rules, leaving NAR as the only remaining defendant.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
JANUARY 25, 2024
A continued increase in mortgage applications suggests that more buyers are entering the market, but low supply could suppress activity.
Housing Wire
JANUARY 25, 2024
Sales of new single-family homes surprised in December, exceeding consensus expectations of 649,000. New home sales reached a seasonally adjusted annual rate of 664,000, according to data published on Thursday by the U.S. Census Bureau and the Department of Housing and Urban Development ( HUD ). This strong finish to 2023 is 8% above the revised November rate of 615,000 and 4.4% above the December 2022 estimate of 636,000.
Inman
JANUARY 25, 2024
Two real estate agents with experience trading real estate with cryptocurrency were able to explain to the Inman New York audience how tokenization could very well be the answer to funding extensive commercial renovations.
Housing Wire
JANUARY 25, 2024
The U.S. Senate Committee on Banking, Housing and Urban Affairs held a hearing on Thursday that focused on the reauthorization of the National Flood Insurance Program (NFIP), showing that its bipartisan support is generally intact. But senators also expressed concerns about affordability after a new ratings methodology led to higher premiums in some parts of the country.
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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
JANUARY 25, 2024
Leaders from Better, Point and EasyKnock said that consumers are becoming increasingly curious about alternative financing options — but they still need agents to help guide them.
Housing Wire
JANUARY 25, 2024
If you’re a new broker or team leader you might not realize just how competitive recruiting was in 2023. The data are sobering: The Agent Movement Index , the number of experienced Realtors switching brokerages each month, was at its lowest level since 2016. Throw in the recent explosion of boutique brokerages, teams, and “teamerages” and a study that showed an astounding 70% of agents reported five or fewer sales, and even the best recruiters probably ended up with agents that brought in little
Inman
JANUARY 25, 2024
Luxury leaders from Sotheby's International Realty, Compass and Douglas Elliman shared how luxury clients are responding to changes in the market now and how their brokerages each uniquely support agents.
Housing Wire
JANUARY 25, 2024
Jonathon Haddad, president of Next Door Lending , will replace Katie Sweeney as the chairman and CEO of the Association of Independent Mortgage Experts (AIME). Sweeney is stepping down to become the CEO of the affiliated lobbying group Broker Action Coalition (BAC). AIME tapped a relative newcomer to the broker channel to become its CEO. Haddad joined the channel in 2020 at Next Door Lending, where he transitioned from vice president to managing partner and president.
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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
JANUARY 25, 2024
Listing Toolkit, a new subscription-based solution from Realtor.com, helps agents stand out from the competition, quickly turn motivated sellers into clients and find the right buyer easily.
Housing Wire
JANUARY 25, 2024
Editor in Chief Sarah Wheeler sat down with Matt Van Fossen, CEO of Absolute Home Mortgage and Mortgage Automation Technologies , to talk about his unique view of the housing ecosystem and how it influences how he builds technology. Van Fossen not only heads a mortgage lender and a tech company, but is the president of the Mortgage Bankers Association of New Jersey and a board member of the Community Home Lenders of America.
Inman
JANUARY 25, 2024
Glennda Baker was called out on Instagram for her “talking head” style video content by a person who said the new way to share your brand is artificial intelligence-generated animations.
Housing Wire
JANUARY 25, 2024
Finance of America Companies (FOA) Chief Marketing Officer Chris Moschner found himself working for the lender in the wake of its acquisition of American Advisors Group (AAG), and Moschner previously told RMD about his journey to the position and the “intoxicating” opportunity he sees in the reverse mortgage space. But that space is also facing a series of challenges including lower origination volume, high interest rates and liquidity challenges.
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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
JANUARY 25, 2024
The portal executive also declared that she didn't think the "Your Listing, Your Lead" approach of Homes.com serves either agents or consumers well.
Housing Wire
JANUARY 25, 2024
California-headquartered LoanSnap was hit with a temporary order to cease and desist from Connecticut’s Department of Banking for “systemic” unlicensed mortgage loan origination activity. Connecticut Banking Commissioner Jorge Perez alleged that LoanSnap violated the Truth in Lending Act (TILA) and Fair Credit Reporting Act (FCRA). But the crux of the commissioner’s findings focuses on unlicensed origination activities.
Inman
JANUARY 25, 2024
Find out how this Montana broker leads with competence, intention and by prioritizing strong relationships and mentoring.
Housing Wire
JANUARY 25, 2024
Nonqualified mortgage (non-QM) wholesale lender A&D Mortgage has obtained licenses to originate loans in Arkansas and Mississippi, the company announced on Thursday. “This expansion is not only about growing our business; it’s about wholeheartedly bringing A&D Mortgage’s unwavering commitment to top-notch service, highly competitive rates, and tailored loan solutions to more Americans,” Max Slyusarchuk, CEO of A&D Mortgage, said in a statement.
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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
JANUARY 25, 2024
CRMLS, Bright MLS and MRED told the U.S. District Court of the Central District of California's Western Division they had reached a deal "in principle" with ThePLS.com.
RIS Media
JANUARY 25, 2024
Three of the largest MLSs in the country agreed to a settlement in one of the most expansive and highest-stakes lawsuits that specifically targets MLS rules and practices, according to a court filing yesterday. ThePLS.com v. National Association of REALTORS® et al was originally filed way back in 2020 by a pocket listing service startup,… The post MLS Giants Reach Settlement in Pocket Listing Lawsuit appeared first on RISMedia.
Inman
JANUARY 25, 2024
On Thursday, in conversation with Brad Inman at ICNY, Reffkin weighed in on the portal wars, predicted an improved market in 2024 and revealed he takes public transit around New York.
RIS Media
JANUARY 25, 2024
Mortgage rates never fell below 6% in 2023 and you probably didn’t even have to follow the news to notice; you’d just have to observe how so many of your leads were hesitant to buy. Even as mortgage rates have declined from their more than 7% peak in Q4 2023, they still haven’t reached back… The post 3 Things To Tell Your Clients Who Are Worried About Mortgages appeared first on RISMedia.
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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.
Inman
JANUARY 25, 2024
Since 2013, the team has sold more than $800 million in transactions. They were drawn to Douglas Elliman for its company culture and opportunities in new development.
RIS Media
JANUARY 25, 2024
You might think that the five states people are moving away from the most would be the ones trying the hardest to gain new residents, but that is not the case, according to a new report from MakeMyMove.com. The states losing residents fastest are Alaska, New York, Illinois, California and Wyoming. Five other states are… The post 5 States That Incentivize People to Relocate There appeared first on RISMedia.
Inman
JANUARY 25, 2024
At ICNY, proptech leaders Eileen Romito, Derek Hooper and Catharine MacIntosh explained how cumbersome MLS rules led to the rule of real estate portals, and what can be done to take the power back.
Brownstoner
JANUARY 25, 2024
The number of Brooklyn homeowners at serious risk of losing their homes through foreclosure more than doubled from 2022 to 2023, with 541 homes being the subject of first-time foreclosure auctions last year compared to 180 in 2022. The borough saw a 66 percent increase in foreclosures year over year, the… Read More > The post Foreclosures in Brooklyn More Than Doubled Last Year — Many Were in One Building appeared first on Brownstoner.
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.
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