Thu.May 16, 2024

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UWM cuts out title insurer with updated TRAC+ program, rolls out 0% down purchase initiative

Housing Wire

United Wholesale Mortgage (UWM) has launched a new service to handle all the title work for its brokers on refinancings. As a result, brokers no longer need to deal with a title company or settlement agent to close a refi. The top U.S. mortgage lender announced the service on Thursday during an annual meeting with its broker partners in Pontiac, Michigan.

Title 476
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The Number of Homes for Sale Is Increasing

Keeping Current Matters

There’s no denying the last couple of years have been tough for anyone trying to buy a home because there haven’t been enough houses to go around.

Sales 321
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California leads all states for highest bankruptcy risk to seniors

Housing Wire

Across all states, California poses the highest risk of bankruptcy for Americans ages 65 and older, according to a study released by personal finance website Moneywise. The study analyzed 11 factors to determine which states put elderly U.S. citizens at the greatest risk of bankruptcy. It determined each state’s risk of bankruptcy by assigning a risk score on a scale of 100 based on factors like poverty rates, debt-to-income ratios, health care expenses and overall cost of living.

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‘More wiggle room’ for buyers as rates, supply show promise

Real Estate News

Squint and you can see a bright side as housing starts bounce back and mortgage rates drop a bit (but stubbornly stay above 7%).

Mortgages 255
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The 2025 Real Estate Roadmap to Success

Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

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Sun Belt cities lead the way for new home sales

Housing Wire

As homebuyers continue to grapple with a lack of existing homes for sale, the market for new homes continues to see strong demand, and some areas of the country — including Sun Belt states — are producing new homes at a relatively rapid rate. A study released Thursday by fintech and personal finance website SmartAsset delved into Zillow data on new home sales.

Sales 468
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CoStar CEO says competitors are ‘going to adopt our model’

Real Estate News

Will Homes.com sell buyer agent leads? “Never,” says Andy Florance, who believes all the portals will eventually move to “your listing, your lead.

Agents 238

More Trending

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People on the Move: A C-suite shakeup at HomeServices of America

Real Estate News

Christy Budnick is out after three years as HSF Affiliates CEO; Gino Blefari to take on dual CEO roles. Plus, a new VP of operations at United.

As-is 211
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Snapdocs announces partnership with SitusAMC

Housing Wire

Digital closing provider Snapdocs is partnering with real estate technology provider SitusAMC to integrate the Snapdocs eVault to SitusAMC’s ProMerit platform, a warehouse lending technology tool, the companies announced on Thursday. This collaboration allows warehouse lenders to seamlessly and securely manage eNote transactions within their warehouse lending system of record.

Lending 455
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'Unfiltered' podcast: MLS CEO talks tech, settlement pros and cons

Real Estate News

Watch the conversation with NorthstarMLS’s Tim Dain as he discusses how technology can work better for agents, and the not-so-simple outcomes of the NAR deal.

MLS 210
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HECM program study assesses policy impacts of recent years

Housing Wire

A study commissioned by the U.S. Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. The study, commissioned by the HUD PD&R and compiled by analytics firm SP Group LLC and its subcontractor Econometrica Inc. , assessed three separate elements of the HECM program’s effectiveness from 2000 to 2020 — including borrower impacts, financ

Loans 453
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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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What should I tell clients? Question leads to free-for-all at NAR midyear

Inman

May 6 remarks from Anthony Lamacchia spurred at least one NAR midyear attendee to leave the MLS Forum in protest, others to hurl steering accusations, and NAR's senior counsel to intervene.

MLS 185
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New York-based Corcoran affiliate acquires independent brokerage

Housing Wire

Corcoran Baer & McIntosh , a franchisee of Corcoran Group based in New York City , acquired New Jersey -based Woodward Realty Group , the companies announced on Wednesday. Through this merger , Corcoran Baer & McIntosh will welcome Woodward Realty Group’s 26 agents, bringing the brokerage ’s agent count to more than 130. Woodward Realty Group serves clients across 53 unique municipalities of Monmouth County, New Jersey — including Rumson, Middletown, Fair Haven, Freehold, Little Silver,

Brokerage 448
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Investor purchases increased for the first time in 2 years during Q1

Inman

Real estate investors bought roughly 44,000 homes during the first quarter of 2024, a 0.5 percent uptick from a year ago.

Investor 181
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Christy Budnick out, Gino Blefari in as HomeServices undergoes C-suite changes

Housing Wire

Just weeks after announcing it reached a nationwide settlement agreement in the commission lawsuits , HomeServices of America is undergoing some major changes to its leadership team. Last week, Christy Budnick announced that she will be stepping down as CEO of HSF Affiliates , the franchisor of Berkshire Hathaway HomeServices , effective June 3. In a message to network leaders that was obtained by HousingWire , Budnick stated, “The last three years have been the best of my professional car

Branding 437
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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

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.

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How to engage brokerage clients through SEO and content creation

Inman

Unique, engaging and highly specific content can make you a trusted resource for buyers and sellers locally and regionally, Chicago broker David Marden writes.

Brokerage 174
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Study: Listings on Bright MLS show $54,000 benefit for sellers compared to off-MLS

Housing Wire

With the latest industry turmoil around compensation, steering and more due to lawsuits and the investigation by the Department of Justice , those outside the housing industry would assume the benefit to listing a home on the MLS would be negligible. They would be wrong. The MLS is crucial for home sellers , even in a strong seller’s market, as it provides significant financial benefits and access to more potential buyers, according to a recent study by Bright MLS called “On-MLS Stud

MLS 430
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SERHANT. snags sales of NYC new development from The Agency

Inman

The Agency repped the building’s sales for one year before SERHANT. stepped in to take the reins on the 21-unit UWS boutique luxury residence known as 'Fifteen.

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Grounding the Static: Fast-Forward from Concept to Execution for Amazing Results

Housing Wire

Open the door to the most powerful room in housing. Join us at The Gathering 2025 in Denver, CO, June 8-11. Go here to lock in special pricing with your registration. One of the first articles HousingWire Lead Analyst Logan Mohtashami wrote this year was titled, “The savagely unhealthy housing market is over.” That was back in February. Then, just three months later, he posed the question, “Is the savagely unhealthy housing market back?

Title 428
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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

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.

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Marketing listings through qualified buyer financing options

Inman

For real estate agents, highlighting diverse financing options is one of the easiest ways to attract more traffic to their listings. Clever's Luke Babich shares a few programs and options to know about.

Finance 167
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Mr. Cooper’s CIO on deploying AI for the biggest wins

Housing Wire

Editor in Chief Sarah Wheeler sat down with Sridhar Sharma, executive vice president and chief information officer at Mr. Cooper , to talk about how the company is using machine learning and artificial intelligence to increase productivity while making their customers happier. Sarah Wheeler: You came into the mortgage space about nine years ago after leading teams at NTT Data and Infosys.

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Broker Spotlight: Seth Kaufman, ONE Sotheby’s International Realty

Inman

Find out how this chief sales officer oversees operations for 1,300+ agents and 10 managing brokers across 32 offices along the east coast of Florida.

Agents 163
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Housing Starts Rebound in April, Rising 5.7% 

RIS Media

With the U.S. still experiencing a housing shortage due to construction halts from the COVID-19 pandemic, housing completions, and starts, should continue to push positive, as each showed true in April—and the need for housing remains everlasting. According to data released by the U.S. Census Bureau, housing starts reached a seasonally adjusted rate of 1.360… The post Housing Starts Rebound in April, Rising 5.7% appeared first on RISMedia.

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The Broker Action Plan for the Post-NAR Lawsuit Landscape

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.

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Meet Alex 4o: The new, powerful AI business partner agents need

Inman

The rollout of the latest iteration of ChatGPT, calling itself Alex 4o, allows you and your business to do more than you ever thought possible. Author and trainer Bernice Ross shares the latest enhancements.

Agents 160
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Escrow Holdbacks vs. Repair Escrows: What’s the Difference?

RIS Media

Escrow holdbacks and repair escrows are common tools in real estate transactions, used to facilitate smooth property transfers under certain conditions. These financial arrangements help manage and mitigate risks associated with property conditions at closing. I will clarify the distinctions and similarities between escrow holdbacks for repairs and other types of escrow accounts.

Closing 128
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Teams Spotlight: Jonathan Spears, Spears Group at Compass

Inman

Find out how this top luxury team leader and his marketing-forward Spears Group have transformed their corner of the Florida market.

Marketing 154
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FI by 25: How to Buy Time and Freedom with a Few Years of Frugal Living

Bigger Pockets

Financial independence by the age of twenty-five?!

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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

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.

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A Bay Harbor Island home in Miami sets new $21.95M sales record

Inman

Shock-Gard CEO Matthew Bullock and his wife are the buyers of the spec home. The sale bests a previous record set last month by Brazilian race car driver Claudio Dahruj's home purchase.

Sales 153
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BiggerNews: Real Estate vs. Stocks, the Ultimate Wealth-Building Debate

Bigger Pockets

Which will make you richer: real estate vs. stocks?

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S&S Christie’s International Real Estate launches in Vietnam

Inman

S&S Christie's International Real Estate, was born through a collaboration with S&S Group, a conglomerate of ultra-luxury companies that span the automotive, timepiece, fashion, art and, now, real estate sectors. Their first office will open in Saigon in June.

Brokerage 151
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Don’t Get Angry, Get Educated: How MLS Data, Buyer Contracts Can Transcend Settlement Changes

RIS Media

You don’t have to like it. But you can only hate it for so long. More than two months after the National Association of REALTORS® (NAR) announced it was paying $418 million and making long-resisted changes to MLS policy and compensation, brokers and MLS leaders are still seeing that anger in the real estate community.… The post Don’t Get Angry, Get Educated: How MLS Data, Buyer Contracts Can Transcend Settlement Changes appeared first on RISMedia.

MLS 124
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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

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.