Housing Wire

MAY 23, 2024

The Federal Housing Administration (FHA) on Thursday published Mortgagee Letter (ML) 2024-10 , outlining reporting requirements that lenders must follow if they detect a cybersecurity intrusion. Effective immediately and applicable to all FHA-insured mortgage programs, the letter states that all lenders “that experience a potential or actual cyber incident must notify HUD via the FHA Resource Center at answers@hud.gov and HUD’s Security Operations Center at cirt@hud.gov within 12 hours of detect

Mortgages 496

Mortgages Design Industrial As-is 496

Keeping Current Matters

MAY 23, 2024

There’s no denying mortgage rates are having a big impact on today’s housing market.

Mortgages 332

Mortgages Marketing 332

Housing Wire

MAY 23, 2024

New home sales missed estimates , showing that demand isn’t crashing but not growing much either. However, we need to keep an eye on the housing construction data in this report because it has huge implications for the economic cycle, our recession risk and mortgage rates. As the chart below shows, the housing sector generally poses a future risk to labor if the single-family permits data continues to decline.

Sales 480

Sales Marketing Construction Residential 480

Real Estate News

MAY 23, 2024

Buyers may be able to take advantage of lower rates and increasing inventory, but many are still priced out, dampening sales.

Mortgages 290

Mortgages Sales 290

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

MAY 23, 2024

Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a pretax net loss of $645 on each loan they originated in the first quarter of 2024 — a decrease from the average loss of $2,109 per loan in Q4 2023, according to the Mortgage Bankers Association ’s (MBA) newest quarterly performance report. “While the first quarter of 2024 marks the eighth consecutive quarter of net production losses, these losses were less severe than the previous two quarters,” Marina Wals

Loans 462

Loans Mortgages Banks Industrial 462

Real Estate News

MAY 23, 2024

John Collopy steps down from the multibillion-dollar franchise; Suzanne Bushard named president. Plus, new leadership at Offerpad and Move Concierge.

231

231

Real Estate News

MAY 23, 2024

As multiple listing services work to comply with new rules, some worry about liability risks — but including concessions could be a competitive advantage.

220

220

Housing Wire

MAY 23, 2024

The median U.S. home sale price reached a record $387,600 in the four weeks ending May 19, marking a 4% year-over-year increase, according to data released Thursday by Redfin. The pricing surge comes despite a marginal dip in weekly average mortgage rates , which fell from a five-month high of 7.22% to 7.02% at the beginning of May, according to Freddie Mac.

Sales 456

Sales Mortgages Agents Marketing 456

Inman

MAY 23, 2024

Newly built homes available on the market rose to 480,000, representing a supply of 9.1 months at the current sales rate, up from an 8.5 month supply in March, according to U.S. Census Bureau data.

Sales 193

Sales Marketing MLS Agents 193

Housing Wire

MAY 23, 2024

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, released late last year, examined three core elements of HECM program effectiveness between 2000 and 2020.

Equity 444

Equity Loans Principal Commercial 444

Advertisement

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

MAY 23, 2024

Equity Angels was launched in early 2024 by 2018 Inman Person of the Year Kenya Burrell-VanWormer, chief growth officer at NEO, and Katherine Winston, founding member and head of marketing at Plunk.

Equity 187

Equity Marketing Technology 187

Housing Wire

MAY 23, 2024

Freddie Mac ’s head of single-family acquisitions, Sonu Mittal , this week defended the government-sponsored enterprise’s proposal to acquire single-family, closed-end second mortgages amid opposition by trade groups that are worried about its impacts on the secondary market. “Six out of 10 borrowers are below a 4% mortgage rate. But they have also accumulated a good amount of equity over the last few years.

Equity 443

Equity Closing Mortgages Lending 443

Inman

MAY 23, 2024

Truly engaging is an essential component in providing stellar service from first contact to the closing table. Author and trainer Bernice Ross provides a step-by-step approach to evaluating your skills.

Closing 185

Closing Agents Marketing 185

Housing Wire

MAY 23, 2024

Artificial intelligence (AI)-powered real estate assistant Sidekick unveiled a partnership with South Florida ’s BeachesMLS on Thursday. The collaboration will allow 43,000 agents that serve Broward, Palm Beaches and St. Lucie counties to leverage Sidekick’s integrated datasets and workflows. The collaboration comes on the heels of Sidekick partnerships with the MIAMI Association of Realtors and the San Francisco Association of Realtors earlier in May.

MLS 437

MLS Technology Development Agents 437

Advertisement

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

MAY 23, 2024

Nimble, a software company that specializes in customer relationship management for “soloprenuers” and small business teams, has shipped a new feature to its customer accounts — email sequencing.

Technology 183

Technology Marketing 183

Housing Wire

MAY 23, 2024

Editor in Chief Sarah Wheeler sat down with Christos Bettios, chief information officer at NFM Lending , to talk about the company’s private, proprietary GPT that is making his whole team more efficient. Bettios has been at NFM Lending for seven years and previously worked at US Bank Home Mortgages and First American Mortgage Solutions. He started his career as a developer and spent 10 years as a senior product manager at Fannie Mae.

Loan Officer 429

Loan Officer Lending HR Loans 429

Inman

MAY 23, 2024

Want to make great strides in your business? Jimmy Burgess believes that the answers you seek to a successful real estate practice may be simpler than you think.

Agents 178

Agents Marketing 178

Housing Wire

MAY 23, 2024

After nearly a year of searching, iBuyer Offerpad has a new chief financial officer. The firm announced Thursday that it has pegged Peter Knag for the role, effective June 5. “I am excited to join at such a dynamic time for the company,” Knag said in a statement. “I look forward to working with the talented team to continue to grow and diversify Offerpad’s platform offerings and drive efficiency, scale and profitability in the business.” Knag has an extensive resume, having served in sever

Principal 416

Principal Finance Banks Technology 416

Advertisement

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

MAY 23, 2024

Find out how this California broker was inspired to start a career in real estate because of the great agents she worked with as a client.

Agents 187

Agents Brokerage 187

Housing Wire

MAY 23, 2024

A reverse mortgage has potential utility for a homeowner in the right situation, but loan terms must be observed closely to remain in good standing and avoid the possibility of foreclosure. This is according to a look at the reverse mortgage product category published by Newsweek. As part of its recently launched “ Newsweek Vault ” subsite, which vets financial products and provides analysis from sources judged to be financial experts, the publication assembled a series of pros and cons about re

Mortgages 389

Mortgages Equity Loans Finance 389

Inman

MAY 23, 2024

RentSpree distributes its product to empower residential agents in their work with clients who may not yet be ready to buy, and to provide them software advantages to offer investor clients or to use in their own rental portfolios.

Residential 146

Residential Investor Agents MLS 146

RIS Media

MAY 23, 2024

Special assessment and property taxes are crucial to a city or town’s revenue system. They fund local services and infrastructure improvements. My comparative analysis will clarify their differences and guide property owners on their impact. In this article, you will learn the following: What special assessment taxes and property taxes ar How these taxes differ… The post Special Assessment Taxes vs.

Industrial 131

Industrial 131

Advertisement

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

Bigger Pockets

MAY 23, 2024

Getting the right tenants is crucial for having a seamless landlord experience. Here are 12 questions to ask tenant references to ensure they're a good fit.

Property Management 133

Property Management 133

HomeLight

MAY 23, 2024

If you lack upfront deposit money, have poor credit, or are just nervous about a home-purchase commitment, a condo rent-to-own program can help you get a foot in the door to homeownership. This ease-in process can also help you build equity while renting, improve your financial standing, and give you time to decide if condo life suits you. However, a rent-to-own condo program comes with some risks, and the benefits are dependent on your ability to follow through with the purchase.

Purchase and sale agreement 119

Purchase and sale agreement Finance Equity Agents 119

RIS Media

MAY 23, 2024

The real estate industry is undergoing a seismic shift as traditional brick-and-mortar brokerages lose ground to modern, digitally-driven competitors. As real estate strategist Mike DelPrete points out, 2023 transactions were down 19% compared to the previous year. Still, tech-centric firms like eXp Realty, Compass and Keller Williams outperformed the market.

Brokerage 126

Brokerage Industrial As-is Marketing 126

HomeLight

MAY 23, 2024

You’ve finally decided it’s time to sell your home. But it’s older, and you’ve been told it may have asbestos siding. You might wonder about the risks, the need for removal, and the implications for your property’s value. You may even be asking, “Can I sell a house with asbestos siding?” This guide will help you understand asbestos siding, its potential dangers, and tips to handle the selling process.

Construction 116

Construction Sales Development As-is 116

Advertisement

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.

Brokerage

Brownstoner

MAY 23, 2024

Historic Cranberry Street in Brooklyn Heights, which boasts some of the borough’s oldest houses, will see a long-empty lot filled by a unique and modern four-story brick house after the city’s Landmarks Preservation Commission approved designs at Tuesday’s meeting. Plans for a new building at 27 Cranberry Street have been long… Read More > The post Landmarks Approves Modern Build for Long-Empty Cranberry Street Site appeared first on Brownstoner.

Design 115

Design 115

HomeLight

MAY 23, 2024

As a homeowner, it’s natural to fiercely protect your investment. If you’re considering a move that involves buying or selling a house, you’re likely keeping a keen eye on the housing market sky, watching for signs of a storm — or a bubble. But what is a housing bubble? What are the warning signs? Should a dark cloud or two halt your plans? In this post, we’ll answer these and other questions about housing bubbles to help you make informed decisions about buying or selling a home.

Equity 115

Equity Construction New Construction Investor 115

RIS Media

MAY 23, 2024

Calling it an “unexpected windfall” of both lower rates and increased inventory of new and existing homes, Freddie Mac’s data showed the 30-year fixed-rate mortgage (FRM) averaging 6.94% this week, down from 7.02% last week and marking its third-straight week of declines. The data is tracked weekly in Freddie Mac’s Primary Mortgage Market Survey® (PMMS®),… The post Mortgage Rates Drop Below 7% appeared first on RISMedia.

Fixed-rate mortgage 124

Fixed-rate mortgage Mortgages Marketing Industrial 124

Seattle Times Real Estate

MAY 23, 2024

Should the SLU Station go beneath Seventh Avenue and Harrison Street, the original site mapped last decade? Or should it shift 2½ blocks west to Fifth and Harrison, in the shadow of MoPOP?

97

97

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.

Agents