Housing Wire

MARCH 12, 2024

The CPI report came out Tuesday, and the headline number showed a 12-month inflation of 3.2%. The running average of CPI going back to 1914 has been 3.3%. So, what should we take away from this number, seeing that market participants are still worried about 1970s inflation and some don’t want to see any rate cuts this year? Fed presidents and others have cited the fear of 1970s-style entrenched inflation as a reason they hiked rates so fast and are being careful as they consider rate cuts.

Mortgages 513

Mortgages Investor As-is Marketing 513

Real Estate News

MARCH 12, 2024

Along with the acquisition, the companies unveiled a new solo agent suite called Lever by Movoto and said OJO products will now use the Movoto brand.

Branding 275

Branding Agents 275

Housing Wire

MARCH 12, 2024

Despite elevated interest rates and tight inventory, the national Hispanic homeownership rate reached 49.5% in 2023, with a net gain of 377,000 Hispanic owner households from the previous year. In total, more than 9.5 million Hispanic households own their home, the National Association of Hispanic Real Estate Professionals ( NAHREP ) said in its 2023 State of Hispanic Homeownership Report released on Tuesday.

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FHA loan Loans Finance Lending 482

Real Estate News

MARCH 12, 2024

The association reported a fourth month of membership declines, with membership falling below 1.5 million for the first time in nearly three years.

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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

MARCH 12, 2024

If a couple decides to dissolve their marriage, something that is often described as a “third character” in the proceedings is the couples’ home. Finding a way to divide a home can be financially and emotionally fraught. And it often takes on more significance than other items due to the home typically being a couple’s most valuable asset — and because of the complex emotions often intertwined with it.

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Equity Mortgages Loans As-is 491

Keeping Current Matters

MARCH 12, 2024

If you’ve been thinking about buying a home, mortgage rates are probably top of mind for you.

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Mortgages 315

Real Estate News

MARCH 12, 2024

The brokerage said the program, which launched as a pilot in September, is “good for our customers, our agents and our growth as a brokerage.

Brokerage 259

Brokerage Agents As-is 259

Housing Wire

MARCH 12, 2024

PureWest Christie’s International Real Estate , a Montana -based real estate brokerage, is expanding into northern Idaho , the firm announced on Tuesday. The brokerage , which is a longtime affiliate of Christie’s International Real Estate, is the largest independently owned brokerage in Montana. PureWest appointed broker-owner Paul Reizen to spearhead the launch of its new office in Sandpoint, Idaho, home to the Schweitzer Mountain ski resort and Lake Pend Oreille.

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Brokerage Technology Agents Industrial 448

Real Estate News

MARCH 12, 2024

A new NAHREP report shows that despite the tough market, Latinos found creative routes to homeownership in 2023, such as co-borrowing, but barriers remain.

Marketing 223

Marketing 223

Housing Wire

MARCH 12, 2024

In anticipation of Tuesday’s inflation reading, mortgage rates eased compared to last week. HousingWire’s Mortgage Rate Center showed the average 30-year fixed rate for conventional loans at 7.08% on Tuesday, down from 7.17% one week earlier. At the same time one year ago, the 30-year fixed rate averaged 6.83%. Meanwhile, the 15-year fixed rate averaged 6.46% on Tuesday, down from 6.5% one week earlier.

Mortgages 457

Mortgages Loans As-is Marketing 457

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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

MARCH 12, 2024

The acquisition will help OJO launch Lever by Movoto, which the company describes as an all-in-one technology platform for individual agents.

Technology 197

Technology Agents Industrial 197

Housing Wire

MARCH 12, 2024

San Diego-based lender Guild Mortgage lost money in 2023 but grew its market share through a focus on purchase mortgage originations, it reported in an earnings call on Tuesday. Similar to other major lenders, the purchase-focused Guild — which operates via a distributed retail model — reported a net loss of $39.1 million in 2023, compared to net income of $328.6 million in 2022.

Marketing 443

Marketing Loans Mortgages Finance 443

Inman

MARCH 12, 2024

EXp Realty paid $232.6 million in revenue share and equity benefits to agents and brokers in 2023, according to the company's annual program update published mid-Monday. The lion's share of the payouts — $197.9 million — came from revenue share. The remaining $34.7 million came from 2.2 million EXPI stock shares.

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Equity Agents Brokerage 166

Housing Wire

MARCH 12, 2024

Mortgage capital markets tech firm Polly rolled out its Lender Intelligence platform, which leverages data and analytics to drive margin expansion and cost reduction. The new platform will enable lenders to track their volume trends, see how their loan pricing compares to competitors and gain insights into loan origination profit margins, Polly stated.

Technology 436

Technology Loans Banks Mortgages 436

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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

MARCH 12, 2024

Fresh off of hosting "Saturday Night Live," the "Dune: Part 2" star has listed his Atlanta home for rent. Brolin purchased the property with his wife, Kathryn, in 2020.

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Housing Wire

MARCH 12, 2024

The Consumer Price Index rose again in February, undermining confidence that inflation is sustainably moving back to the 2% target. Consumer prices in February were up 3.2% from a year earlier and up from 3.1% in January, according to data released by the Bureau of Labor Statistics on Tuesday. On a monthly basis, the index increased by 0.4% in February after rising 0.3% in January.

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Land Banks Mortgages Loans 438

Inman

MARCH 12, 2024

Zillow Chief Economist Skylar Olsen said these markets are ideal cities for real estate investors to purchase properties in the coming years.

Investor 189

Investor Marketing 189

Housing Wire

MARCH 12, 2024

Wells Fargo -backed mortgage fintech Maxwell rolled out a point-of-sale (POS) feature that offers tailored workflows and integrations. The Blueprint Builder features more than 60 third-party integrations, allowing lending teams to connect with other pieces of their workflow, from credit and verifications to pricing and disclosures. Lenders can choose to integrate and configure many third-party services such as verification of asset, verification of employment/ verification of income , e-signing

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Lending Technology Loans Equity 432

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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

MARCH 12, 2024

Personal branding is more than just self-promotion, luxury consultant Chris Pollinger writes. It's about making a real difference in people's lives and inspiring them to live better.

Branding 165

Branding Agents Marketing 165

Housing Wire

MARCH 12, 2024

A little over a month after formally relaunching homebuyer refunds under its Sign & Save program, Redfin announced that Sign & Save is now available to clients nationwide. In an announcement on Tuesday, the brokerage noted that it had expanded the program to more than a dozen additional markets, including Chicago, Los Angeles, Philadelphia, San Diego and San Francisco.

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Purchase and sale agreement Brokerage Agents Closing 433

Inman

MARCH 12, 2024

Inflation rose 0.4 percent in February to an annual rate of 3.2 percent, with shelter and gas costs contributing substantially to the uptick, according to the the Bureau of Labor Statistics' Consumer Price Index.

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Land Marketing 159

Housing Wire

MARCH 12, 2024

loanDepot greatly reduced its costs in 2023 while revenues were in free fall amid a contracting market. It wasn’t enough to bring the California-based lender company profitability, but it narrowed its losses. Operationally, loanDepot entered 2024 by dealing with a cyberattack that brought its systems down and a forecast for market conditions to improve.

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Principal Mortgages Equity Technology 427

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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

MARCH 12, 2024

Lender Intelligence harnesses advanced data science and machine learning tools to give lenders a holistic view of their business and the wider competitive landscape.

Mortgages 165

Mortgages Banks Lending Technology 165

Housing Wire

MARCH 12, 2024

The White House this week submitted its fiscal year 2025 budget proposal to the House of Representatives and the Senate , outlining the priorities of the administration in providing a budgetary blueprint for the entirety of the U.S. federal government. Within the congressional justifications for the U.S. Department of Housing and Urban Development (HUD) are a few key priorities related to the Federal Housing Administration (FHA) and its Home Equity Conversion Mortgage (HECM) program.

Mortgages 424

Mortgages FHA loan Loans Lending 424

Inman

MARCH 12, 2024

Nation's largest mortgage lender trims its servicing portfolio by nearly one-fourth, selling $70 billion in mortgage servicing rights for $941.2 million.

Mortgages 171

Mortgages Loans 171

Housing Wire

MARCH 12, 2024

Austin-based real estate technology firm OJO is acquiring The LEAD Syndicate , a leverage platform for real estate professionals, according to an announcement on Tuesday. The financial terms of the deal were not disclosed. The LEAD Syndicate was founded by Nikki Miller, who will join OJO in an undisclosed role. The two firms are coming together to launch Lever by Movoto , OJO’s industry-facing platform.

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Agents Branding Industrial Brokerage 417

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Brokerage

Inman

MARCH 12, 2024

SparkRental co-founder G. Brian Davis on why you need to balance your portfolio with a variety of investment styles and terms.

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NAR: Economic Outlook

MARCH 12, 2024

Housing Affordability Conditions Made Progress in Janua At the national level, housing affordability increased in January 2024 compared to the previous month, according to NAR’s Housing Affordability Index.

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Inman

MARCH 12, 2024

While many hope to launch a career in real estate, only a few have what it takes to go the distance, mega-team leader Carl Medford writes.

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Brokerage Agents 157

RIS Media

MARCH 12, 2024

Above, Gail and Dave Liniger, Co-Founders of RE/MAX LLC Coming out this month, “The Perfect 10: 10 Leadership Principles to Achieve True Independence, Extreme Wealth and Huge Success” is RE/MAX Co-Founder Dave Liniger’s latest book in which he shares more than 50 years of business insights to help future generations of entrepreneurs pursue their dreams… The post Building a Women-Centric Success Story appeared first on RISMedia.

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Industrial 119

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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