Jason Fox
NOVEMBER 28, 2023
Using Market Trends to Optimize Your Social Media Platforms Real estate success is all about reaching people. You can do that through advertisements and word-of-mouth marketing, but social media is the modern place to reach consumers where they already spend their time. Optimize your platforms using these tips to merge housing market trends with savvy digital strategies.
Realty Biz
NOVEMBER 28, 2023
The home appraisal can be a major source of stress for homebuyers. Buyers have little to no control over it and are legally prohibited from trying to influence the appraisal. However, an unfavorable or error-ridden appraisal can sink the entire sale. There are basic things you can do to help ensure your home appraisal goes smoothly, or even prevent a bad appraisal report.
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Housing Wire
NOVEMBER 28, 2023
The baseline conforming loan limit for mortgages backed by Fannie Mae and Freddie Mac in 2024 will be $766,550, up 5.5% compared to the current limit of $726,200 , the Federal Housing Finance Agency (FHFA) announced Tuesday. Conforming loan limits are increasing at a slower pace, mirroring home prices, overall. That’s because the FHFA’s conforming loan limit increase is based on a formula related to home-price data in the third quarter of each year.
Keeping Current Matters
NOVEMBER 28, 2023
When it comes to what’s happening in the housing market, there’s a lot of confusion going around right now.
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
NOVEMBER 28, 2023
The Federal Housing Administration (FHA) is increasing the “floor” and “ceiling” FHA loan limits in 2024 to $498,257 and $1,149,825, respectively, the FHA announced Tuesday. The new FHA loan limits apply to forward mortgages for a one-unit property and take effect on Jan. 1, according to the publication of FHA Mortgagee Letter (ML) 2023-21.
Real Estate News
NOVEMBER 28, 2023
Fidelity National Financial, the nation’s largest title company, coming back “office by office” as real estate agents and loan officers find low-tech solutions.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
NOVEMBER 28, 2023
The 5.5% increase for 2024 “seems like a pretty good indication,” that the Federal Housing Finance Agency expects home prices to keep increasing.
Housing Wire
NOVEMBER 28, 2023
Infamous ransomware gang AlphV/BlackCat appears to be behind last Tuesday’s cybersecurity attack at Big Four title firm Fidelity National Financial. In an online post on Wednesday, the ransomware gang claimed credit for the attack and wrote that Fidelity was “ruined” for hiring incident responders, allegedly from Google’s Mandiant unit. Fidelity notified the public of the cybersecurity breach last Tuesday in a filing with the Securities and Exchange Commission.
Real Estate News
NOVEMBER 28, 2023
A collection of reports show that high mortgage rates weren’t enough to dampen price increases as demand continues to outpace supply.
Housing Wire
NOVEMBER 28, 2023
In another odd twist for 2023, the ability to split up after a divorce seems to be another casualty of the high mortgage rate environment. Couples who may have locked in a very low mortgage rate in previous years — but who are now seeking to end their marriages — are finding themselves needing to remain in their homes together as high rates make moving out an unaffordable prospect, according to a report at the Wall Street Journal.
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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
NOVEMBER 28, 2023
According to Keller Williams Head of Inclusion and Belonging Julia Lashay Israel, the Sitzer | Burnett commission case is not just about changes in agent commissions; it is about the broader implications for the accessibility of homeownership, especially for minority communities.
Housing Wire
NOVEMBER 28, 2023
The Husky Homes real estate team, led by Alison Crim, has joined Compass , the company announced on Tuesday. Based in Madison, Wisconsin, the team of eight had been affiliated with Keller Williams Realty Madison East since its debut in 2020. “We are thrilled to be among the first teams to join Compass in Wisconsin,” Crim said in a statement. “With access to cutting-edge tools like Performance Tracker, Compass AI , and the innovative Compass Collections, we are poised to enhance our client experi
Inman
NOVEMBER 28, 2023
Financial site LendingTree's latest consumer survey revealed 35 percent of Americans hope the market will crash in the next 12 months. Why? They believe an economic downturn will lower mortgage rates and home prices.
Housing Wire
NOVEMBER 28, 2023
Broker/owners have been on quite a ride over the last few years. With the residential real estate pendulum swinging from blissful exuberance in the second half of 2020 to extreme consternation for many today, brokers have had to pivot like never before. The ongoing housing market decline, which saw existing-home sales fall 36% in 2022 alone (on a seasonally adjusted annual basis) and 41% overall to September’s low, is the sharpest (though not the deepest) in the history of this industry.
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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
NOVEMBER 28, 2023
Surge in Q3 home price appreciation pushes conforming loan limit in high-cost markets to $1,149,825 for one-unit properties, and up to $2,211,600 for four-unit properties.
Housing Wire
NOVEMBER 28, 2023
The median price of a home in America is rapidly becoming out of reach for most first-time homebuyers. This is especially true for minority families who on average have less wealth than non-minority families. Like most things in our economy, home prices are influenced by supply and demand principles. An abundance of housing supply will diminish home prices while a shortage of homes available for sale will escalate prices.
Inman
NOVEMBER 28, 2023
The Georgia suit accuses NAR and major real estate companies of conspiring to keep commissions high. It's also the latest in a string of new cases following the Sitzer | Burnett verdict.
Housing Wire
NOVEMBER 28, 2023
Nonbank mortgage companies increased their profitability as a group in the third quarter of 2023, compared to the previous quarter, due to the performance of their servicing and origination businesses. It’s good news in the current shrinking market. Analysts at the credit rating firm Moody’s Investors Services wrote in a report on Monday that they don’t expect further improvements in the following quarters amid high mortgage rate levels and a depressed supply of homes for sal
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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
NOVEMBER 28, 2023
The Sun Belt leads the ongoing drop in rent declines, and the price of rent is now lower than a year ago in 50 of the top 100 markets Zumper tracks.
Housing Wire
NOVEMBER 28, 2023
Proptech solutions provider Ascent Software Group (ASG) has acquired property data collection platform Value Acceptance. Through the acquisition, ASG hopes to modernize the appraisal industry by providing innovative valuation products and solutions and complete new property data reports required by government-sponsored enterprises (GSEs). In March, Fannie Mae included more options for property valuations in its Selling Guide that put data front and center and moved away from the concept that ap
Inman
NOVEMBER 28, 2023
The tool is described in an announcement from the brokerage as similar to the Case-Shiller Home Price Index, with more real-time and metro-level data.
Housing Wire
NOVEMBER 28, 2023
CubiCasa , a Finland-based proptech company, partnered with OneKey MLS – a major mortgage licensing system (MLS) serving the New York Metropolitan area – to provide user-friendly floor plan creation tools. Under the motto “scan a floor plan in five minutes” CubiCasa focuses on providing value for real estate professionals through the digitization of properties.
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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
NOVEMBER 28, 2023
The 10,000-square-foot property will head to Sotheby's Concierge Auctions, no reserve, starting on Nov. 30. One lucky bidder will emerge as winner come Dec. 14.
Housing Wire
NOVEMBER 28, 2023
Rapidio , a mortgage underwriting technology provider, on Monday released the income assessment component of its underwriting product, FlexStack Component System. The new tool is an automated income verification feature, which is available across various types of loans, including conventional loans, FHA and VA loans. It validates, verifies, calculates and assesses guideline eligibility before presenting the entire income story to underwriters who make the final assessment.
Inman
NOVEMBER 28, 2023
The homebuilder announced today the release of three new affordable floor plans for homebuyers in California’s Central Valley. Real estate agents in Shafter, Fresno and Clovis will be able to recommend the mid-$300,000 homes after the New Year.
Housing Wire
NOVEMBER 28, 2023
HousingWire recently spoke with Mike Darne, vice president of marketing at CreditXpert , about credit optimization and how taking a closer look at consumer credit can benefit borrowers. HousingWire: You have advocated for giving consumer credit another look. Why is this important now? Mike Darne: In good times when qualified mortgage borrowers are plentiful, most originators don’t give a suboptimal credit score a second glance.
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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
NOVEMBER 28, 2023
The pilot program, dubbed "Plus One ADU," draws on a $2.6 million grant from New York State Homes and Community Renewal. As many as 15 eligible single-family homeowners will receive funds.
Housing Wire
NOVEMBER 28, 2023
Big Four title firm First American must pay the New York Department of Financial Services (DFS) $1 million as part of a cybersecurity violation settlement, according to an announcement on Tuesday. The settlement resolves cybersecurity violations made by First American relating to the breach and exposure of consumers’ non-public information. In addition to paying $1 million to New York state of violating the DFS’s Cybersecurity Regulation, First American has also agreed to implements remedial mea
Inman
NOVEMBER 28, 2023
National home prices climbed 3.9 percent from a year earlier in September and were up 0.7 percent from the previous month.
Housing Wire
NOVEMBER 28, 2023
Home prices rallied in September, as homebuyers still outnumbered sellers. Home prices posted a 3.9% annual gain in September, up from a 2.5% gain in the previous month, according to the S&P CoreLogic Case-Shiller Home Price Index. Month-over-month, the U.S. National Index, the 10-City and 20-City Composites each posted seasonally adjusted gains of 0.7%, down from 0.8% in August.
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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