Housing Wire
AUGUST 14, 2024
Mortgage rates continued to recede during the past week, with the market anticipating a Federal Reserve rate cut next month and the U.S. economy showing signs of weakening. At HousingWire ‘s Mortgage Rates Center , the 30-year conforming loan rate averaged 6.66% on Wednesday. That was 11 basis points (bps) lower than a week ago and 35 bps lower than two weeks ago.
Real Estate News
AUGUST 14, 2024
Ryan Schneider tells Real Estate News that being the “first mover and the fastest learner” helped the brokerage prepare its agents for the changes ahead.
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Housing Wire
AUGUST 14, 2024
Wednesday’s Consumer Price Index (CPI) inflation report for July came in as expected — and it gives a clear pathway for the Federal Reserve to cut benchmark rates for the first time since starting its aggressive rate-hike cycle in early 2022. The history of global pandemics shows inflation rising at first, as supply chains don’t operate well in this environment, but disinflation happens after that.
Keeping Current Matters
AUGUST 14, 2024
In recent years, there’s been a significant shift in how wealth is distributed among generations.
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
AUGUST 14, 2024
The Consumer Price Index (CPI) continues to point toward an interest rate cut in September. In the monthly inflation report released Wednesday, the inflation metric met expectations and fell to 2.9% for the 12 months ending in July. The drop brings the CPI closer to the Federal Reserve ‘s target inflation rate of 2%. Housing costs, which rose 0.4%, accounted for 90% of the monthly inflation gain in July.
Real Estate News
AUGUST 14, 2024
During Mega Agent Camp, CoStar CEO Andy Florance discussed KW's strong performance on the search portal and how CoStar got its “Death Star” nickname.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Inman
AUGUST 14, 2024
On the first day of Keller Williams' annual Mega Agent Camp in Austin, franchise Head of Industry and Learning Jason Abrams talks commissions and how leaders must help agents thrive — and not just survive — through upcoming changes.
Housing Wire
AUGUST 14, 2024
Denver-based Realtor Bret Weinstein took on a client whose house had been on the market for 60 days. Despite dropping the price to $625,000 from $650,000, it sat for another 45 days with no offers. Another price cut to $600,000 didn’t help either, as it resulted in another 20 days of radio silence. “We then switched stagers, and the home sold with multiple offers in a day,” he said.
Inman
AUGUST 14, 2024
The nation's largest MLS removed compensation fields from its platforms on Aug. 13, after offering detailed guidance to agents on the terms of NAR's proposed settlement.
Housing Wire
AUGUST 14, 2024
Executives at Swiss bank UBS said on Wednesday that they’ve struck a deal to sell Credit Suisse ’s U.S. servicing business. They did not provide information related to the buyers’ names or the financial details. In the U.S., Credit Suisse owns Select Portfolio Servicing (SPS). According to Inside Mortgage Finance (IMF), SPS was the 20th-largest U.S. primary mortgage servicer at the end of June, handling $166.7 billion in unpaid principal balance (UPB).
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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
AUGUST 14, 2024
Two weeks after Brad Tirpak sent a shareholders' letter seeking votes against chairman Howard Lorber, advisory firms Glass Lewis and ISS are echoing the vocal investor's recommendations.
Housing Wire
AUGUST 14, 2024
In early 2021, the United States Congress enacted the Corporate Transparency Act (CTA) to help federal agencies combat money laundering and other financial crimes. The law went into effect on January 1, 2024. It requires about 33 million small businesses, including real estate organizations, to report beneficial owner information (BOI) to the U.S. Treasury Department’s Financial Crimes Enforcement Network ( FinCEN ).
Inman
AUGUST 14, 2024
Teachers can now afford 47.9 percent of rental apartments within commuting distance of their schools, an increase from 40.7 percent the previous year, Redfin reported on Wednesday.
Housing Wire
AUGUST 14, 2024
Ralph Harvey , Jason Saphire and Ben Caballero are three of the most prolific agents in America. They collectively sold over 10,000 homes last year alone, and you won’t ever find them on the buy-side of a transaction. But these listing-only agents are still having to adjust their practices to conform with the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement that goes into effect on Saturday.
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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
AUGUST 14, 2024
Materials include a guidebook on the post-settlement landscape, publicly available training sessions and more ahead of Aug. 17 deadline.
Housing Wire
AUGUST 14, 2024
Leveraging digital marketing assets, telling a rich story and finding cash offers before listing a home were just some of the tips shared this week by the lead-generation panel at the Mega Agent Camp hosted by Keller Williams. The brokerage utilizes a method it calls “make offer for immediate response,” or MOFIRs. These offers can include providing sellers an immediate cash offer, upfront loans for home improvements, and giving special incentives to essential workers such as police officers, nur
Inman
AUGUST 14, 2024
Four leading Keller Williams owners share the key to creating a lead generation strategy that yields offers that homesellers can't resist.
Housing Wire
AUGUST 14, 2024
Industry-leading reverse mortgage lender Finance of America (FOA) detailed some of its ambitions in appealing to senior borrowers, which includes new TV commercials that feature former American Advisors Group (AAG) turned FOA spokesman Tom Selleck. During its second-quarter earnings presentation last week, FOA President Kristen Sieffert offered new details about the ways in which FOA will leverage its assets from AAG.
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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
AUGUST 14, 2024
Since launching in 2021 as the "Stripe of real estate" providing technology and funding to proptechs, Setpoint has expanded into additional asset-backed lending lines including auto, consumer and small business.
Housing Wire
AUGUST 14, 2024
The Federal Housing Administration (FHA) on Wednesday published a new proposed Mortgagee Letter (ML) that offers an early look at policies designed to expand contact options with mortgage borrowers who are in default. Published on FHA’s Single Family Drafting Table — an online portal where proposed U.S. Department of Housing and Urban Development (HUD) single-family policies can be reviewed prior to going into full effect — the new “ Modernization of Engagement with Borrowers in Default ” docume
Inman
AUGUST 14, 2024
This is a safe place for you to share your feelings of frustration, satisfaction or concern as we approach the deadline for implementation of the terms of NAR's settlement agreement.
Housing Wire
AUGUST 14, 2024
Non-QM wholesale lender Angel Oak Mortgage Solutions (AOMS) has promoted longtime production head Tom Hutchens to president. The Atlanta-based company, which is part of the larger family of Angel Oak mortgage entities, said John Jeanmonod , formerly Angel Oak’s regional vice president of sales, would replace Hutchens as executive VP of production.
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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
AUGUST 14, 2024
Investors see a September rate cut as a certainty, but the latest inflation data suggests recession fears are overblown and the Fed will start out with a modest, 25-basis point reduction.
Housing Wire
AUGUST 14, 2024
Planet Home Lending confirmed on Tuesday the acquisition of certain retail assets from Axia Home Loans , describing the transaction as an opportunity to expand its operations in the Western, Northwestern, and Midwestern markets. HousingWire broke the news in early August. Axia is also winding down its wholesale division as a result of the retail asset sale to Planet, HousingWire has confirmed.
Inman
AUGUST 14, 2024
Learn how NYC agent Maggie Kent leverages her sense of professionalism to develop a higher level of client trust and how she has developed resilience to navigate the ever-changing world of real estate.
Housing Wire
AUGUST 14, 2024
U.S. workers are feeling more confident about their ability to meet retirement savings goals as inflation has weakened, according to a new consumer survey conducted by Charles Schwab. “[A]nxiety around inflation and market volatility has come down since last year,” according to the online survey of 1,000 Americans who hold 401(k) retirement accounts. “43% of workers think they are very likely to achieve their retirement savings goals compared to 37% in 2023,” the results explained.
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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.
Seattle Times Real Estate
AUGUST 14, 2024
Renton resident John Houston is seeking financial restitution for the land he said his parents were pressed to sell to the Renton School District more than 50 years ago.
Housing Wire
AUGUST 14, 2024
In a special crossover episode of the RealTrending and Power House podcasts, HousingWire CEO Clayton Collins sits down with Anthony Lamacchia, the founder, CEO and broker of Lamacchia Companies. Collins and Lamacchia discuss the latter’s upbringing and career path, from working for a family business to carving his own path into real estate. Lamacchia also discusses the importance of marketing and branding for lead generation, boots-on-the-ground recruiting tactics using billboards, the com
Bigger Pockets
AUGUST 14, 2024
Deal finding is one of the most important parts of real estate investing, yet a lot of investors struggle to put it together. Here's how you can form a stellar team of finders.
RIS Media
AUGUST 14, 2024
In a program designed to honor real estate agents who are new to the business yet already achieving extraordinary results, RISMedia’s third-annual Real Estate Rookie of the Year awards, sponsored by Colibri Real Estate, today revealed the Top 25 regional finalists for 2024. Five regional winners will be chosen from among the Top 25, and… The post RISMedia Reveals the Top 25 Rookie of the Year Finalists for 2024 appeared first on RISMedia.
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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