Inman
DECEMBER 12, 2023
What differentiates effective, successful agents from those who aren't seeing results? According to broker and new Inman contributor Joseph Santini, it's the willingness to lead-gen consistently.
Housing Wire
DECEMBER 12, 2023
Today’s inflation reports show that Federal Reserve rate cuts are in play in 2024 — not because of the labor market breaking, but because real rates are too high. If the labor market gets weaker, meaning jobless claims break over 323,000 on the four-week moving average, we can get even more rate cuts. The labor market is not there yet so for now we can focus on the fact that the Fed overhiked, and because of that, they have room to cut.
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Keeping Current Matters
DECEMBER 12, 2023
If you’re looking to buy a home, your down payment doesn’t have to be a big hurdle.
Housing Wire
DECEMBER 12, 2023
The copycat commission lawsuits have made it to the West Coast. A home seller plaintiff in California filed an antitrust lawsuit on Friday in U.S. District Court for Northern California, accusing the real estate industry of colluding to artificially inflate real estate agent commissions. The lawsuit was filed by Christina Grace, who sold a house listed on Bay Area Real Estate Information Services MLS (BAREIS MLS) in April 2020 and paid a commission to the buyer’s agent.
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.
Real Estate News
DECEMBER 12, 2023
Economists were optimistic about the year ahead, but noted that inflation and mortgage rates will be key factors.
Housing Wire
DECEMBER 12, 2023
California-based mortgage lender loanDepot on Tuesday announced the launch of its fully automated underwriting engine called melloNow. The new system, which has been in beta-testing for the last several quarters, delivers a fully conditional loan approval “in minutes rather than hours or days,” the company said in a statement. Jeff Walsh, loanDepot’s mortgage president, said in a statement that the new underwriting engine allows the company to bypass “the delays and
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
DECEMBER 12, 2023
In the mortgage business, November typically represents the start of the slow season. While mortgage rates cooled down significantly from October, it wasn’t enough to overcome seasonal, historic trends and low levels of inventory. Lock volume declined 10% last month from October, driven by a 12% drop in purchase locks, according to Optimal Blue ’s originations market monitor report.
Real Estate News
DECEMBER 12, 2023
The Massachusetts attorney general claimed the "buy-before-you-sell" company targeted financially strained homeowners through its sale-leaseback program.
Housing Wire
DECEMBER 12, 2023
PrimeLending , a Texas-based retail mortgage bank, added 12 new loan originators as it attempts to grow market share within its existing Texas footprint. Among the newly added LOs in the fall included two LOs — John Muhammad ($25.72 million) and Hugo Ortiz-Pulido ($21.21 million) with a production volume of more than $20 million year-to-date, according to mortgage tech platform Modex.
Real Estate News
DECEMBER 12, 2023
Zillow completes acquisition of Follow Up Boss; CoreLogic introduces mortgage insights tool for lenders; Cloze integrates with design platform Canva.
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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.
Housing Wire
DECEMBER 12, 2023
Homeowners are increasingly concerned with flood insurance premium hikes impacting affordability, Fannie Mae ‘s latest national flood survey showed. Despite people’s personal flooding experience, consumers have a poor understanding of the flood risk of their residence, particularly for those in high-risk zones, according to survey results. Fannie Mae conducted an online survey in late 2022 among a national panel sample whose addresses were in or near a Federal Emergency Management Agency
Real Estate News
DECEMBER 12, 2023
San Diego and Orange County join San Francisco and LA as Redfin Next launch cities on Jan. 1. The program is designed to “remove the ceiling” from compensation.
Housing Wire
DECEMBER 12, 2023
While sellers of existing homes have struggled with rising rates and softening demand, homebuilders have not only survived, but thrived in this market thanks to the use of mortgage rate buydowns , a tool more widely used by builders since their business is selling homes and clearing inventory. Research from the AEI Housing Center found that these buydowns are not only an effective tool to qualify income-constrained buyers and alleviate excess inventory, but they have also allowed builders to for
Inman
DECEMBER 12, 2023
Christina Grace, a California resident who sold her home in Marin County, filed suit Friday against NAR, Compass and Keller Williams, among others, claiming she was stuck with hefty commissions.
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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.
Housing Wire
DECEMBER 12, 2023
The Council of Multiple Listing Services announced its new board of director members for 2024 on Tuesday. The MLS trade group said the new directors will assume their roles starting Jan. 1, 2024. The two new directors elected to the board are Justin Haag, the general counsel and incoming president and CEO from Northwest MLS , and Chris Haran, the managing director and chief technology officer from MRED in Illinois.
Inman
DECEMBER 12, 2023
Cloze is the first application in its category to integrate with the web-based graphic design platform Canva, the customer relationship management platform revealed exclusively to Inman.
Housing Wire
DECEMBER 12, 2023
Cenlar FSB , the second-largest mortgage servicer and largest subservicer in the U.S., has partnered with financial services-focused data and analytics company BaseCap Analytics to pilot a new program designed to enhance regulatory and operational processes and compliance. The technology is designed to help businesses with “their data management and regulatory reporting by rapidly identifying data inconsistencies,” according to an announcement of the partnership.
Inman
DECEMBER 12, 2023
Public nominations are now open in four awards categories for 2024, including a slate of new honors designed to spotlight achievements in artificial intelligence and recognize real estate's emerging leaders.
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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.
Housing Wire
DECEMBER 12, 2023
Inflation continued to edge down in November on a monthly basis, reinforcing the likelihood that the Federal Reserve holds interest rates steady at its final meeting of the year on Wednesday. Consumer prices were up 3.1% in November from a year earlier, down from 3.2% in October, according to data released by the Bureau of Labor Statistics on Tuesday.
Inman
DECEMBER 12, 2023
The Consumer Price Index rose 0.1 percent between October and November and was 3.1 percent higher than a year earlier, suggesting interest rates will hold steady at this week's Federal Reserve meeting.
Brownstoner
DECEMBER 12, 2023
An old Atlantic Avenue factory building that once housed the Brooklyn Daily Times may soon be torn down to make way for a new eight-story mixed-use development with 159 apartments, city records show. The five-story early 20th century brick structure at 540 Atlantic Avenue and a connected single-story building were… Read More > The post Former Newspaper Building on Atlantic Avenue in Boerum Hill to Be Razed for Apartments appeared first on Brownstoner.
Inman
DECEMBER 12, 2023
Redfin's new commission-based model, Redfin Next, is now available to agents in San Diego and Orange County. Agents will keep their W-2 status and benefits while getting commission splits of up to 75 percent.
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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.
Sotheby's International Real Estate
DECEMBER 12, 2023
For the internationally renowned architectural firm Swatt l Miers, setting is practically as important as style. Their designs have long been recognized for a strong connection to the land and a blurring of the boundaries between impeccably crafted indoors and out. That distinctive harmony is readily apparent in the glass-enclosed spaces of this dazzling contemporary residence in Healdsburg.
Inman
DECEMBER 12, 2023
Simply Homes applies a more proptech-oriented approach by using an artificial intelligence-generated performance model to determine what each property will require to reach livability and in time, profitability.
Eye on Housing
DECEMBER 12, 2023
Consumer prices rose slightly in November, with a decline in the gasoline index being offset by an increase in the shelter index. The ongoing slowdown in inflation increases the probability that the Fed is done increasing rates. However, even after peaking in March this year, shelter costs continued to put upward pressure on inflation, accounting for nearly 70% of the.
Inman
DECEMBER 12, 2023
In the latest in his Snapshot series, team leader Brandon Doyle talks to Kopis CEO Andy Kurtz about how the real estate industry is harnessing custom, integrated tech solutions.
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HomeLight
DECEMBER 12, 2023
Whether planned or unexpected, life changes may have you pondering, “Can you transfer a mortgage to another person?” It’s a relevant question, especially in times when mortgage interest rates and home prices are high. Whether you’re considering a transfer to a family member in a better financial position, dealing with the intricacies of a divorce, or facing the somber task of managing a property after a loved one’s passing, a mortgage transfer — or allowing someone
Inman
DECEMBER 12, 2023
The WeWork founder quietly scooped up $1 billion worth of apartment buildings near the peak of the multifamily housing market. His first building is now in lease-up. Here’s what we know.
HomeLight
DECEMBER 12, 2023
In today’s high-interest mortgage landscape, the idea of assuming a mortgage from a family member can be an appealing path to home ownership. But what does this process actually entail? This guide breaks down what it means to step into a family member’s mortgage shoes and purchase their home. But navigating this course can be tricky, especially when family relationships and emotions are involved.
Inman
DECEMBER 12, 2023
Research shows that kindness can positively impact your business. According to luxury agent Nikki Beauchamp, incorporating kindness in your professional toolkit can pay dividends, both for others and for your own satisfaction.
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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