Housing Wire

MARCH 1, 2024

By and large, homeowners who are 60 and older love where they live and have a preference to age in place. They may also see the equity in their homes as a “financial reserve” and are generally confident in their retirement plans, but they are far less interested in employing their home equity in retirement. This is according to Doug Duncan, chief economist at Fannie Mae , in a new blog post that explores the homeownership patterns of older Americans.

Equity 486

Equity Mortgages As-is 486

Keeping Current Matters

MARCH 1, 2024

If you’re looking to buy a home in 2024, getting pre-approved is a key piece of the puzzle. Mortgage pre-approval means a lender checks your finances and decides how much you’re qualified to borrow.

Pre-approval 326

Pre-approval Mortgages Finance 326

Housing Wire

MARCH 1, 2024

Mortgage trade groups have commended the moves taken by the Federal Housing Finance Agency (FHFA) and the government-sponsored enterprises (GSEs) to address a spike in loan buybacks — the latest being a new electronic notification made available by Fannie Mae. But advocates also say more is needed to improve the loan repurchase process. On Feb. 24, Fannie Mae announced the addition of a “notice of potential defect” functionality to the latest version of its system Loan Quality Connect.

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Loans Mortgages Construction Finance 459

Real Estate News

MARCH 1, 2024

C21 President and CEO Mike Miedler says growth is more than numbers, it’s creating opportunities for the future — and being “ready, willing and able to grow.

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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 1, 2024

The U.S. Department of Agriculture (USDA) announced on Friday that it has lowered the interest rates for its single-family housing (SFH) direct home loan programs as of March 1, according to an email update sent out earlier this week. Section 502 SFH Direct rates are now 4.5%, SFH non-program rates are now 5% and Section 524 rural housing site loans now have a 4.5% rate.

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Loans Land Construction Development 483

Real Estate News

MARCH 1, 2024

A Realtor.com survey of new home buyers reveals who is buying and what they want from real estate agents — their advocates in the purchase process.

New Construction 232

New Construction Construction Agents 232

Real Estate News

MARCH 1, 2024

CoreLogic promotes Kevin Greene to real estate GM; BHGRE appoints Karrie-Ann Sheppard as VP of Learning; Realtracs creates 3-member advisory board.

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Housing Wire

MARCH 1, 2024

California-based mortgage brokerage Loan Factory was sued by a class of loan originators, who allege that the company used their personal and professional information, without their authorization, on its website in an attempt to drive business. Loan officer Derek Daniel Bobadilla and the class members represented by Johnson & Johnson LLP claimed that they have never worked with Loan Factory, but the lender displayed their loan officer profiles on the “Find a Loan Officer” page of its website

Loans 448

Loans Loan Officer Commercial Brokerage 448

Inman

MARCH 1, 2024

In December, a Pulsenomics panel of more than 100 housing experts expected homes to appreciate by 2.4 percent in 2024. Now they're predicting prices will go up by 3.8 percent.

Mortgages 186

Mortgages Marketing 186

Housing Wire

MARCH 1, 2024

HousingWire is excited to introduce the winners of the 2024 Finance Leaders award, recognizing the top finance executives in housing who are driving financial performance, expanding margins, improving liquidity and helping their businesses access the capital markets. In its 4th year, 40 honorees were recognized. This year’s Finance Leaders were selected by HousingWire’s selection committee based on their professional achievements within their organizations, contributions to the overall housing e

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Finance Principal Construction MLS 454

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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 1, 2024

Worries about commercial real estate are making jumbo mortgages costlier, since regional banks are a major provider of loans that are too big for Fannie Mae and Freddie Mac.

Banks 182

Banks Commercial Loans Mortgages 182

Housing Wire

MARCH 1, 2024

It is no secret that there is a housing affordability challenge in the U.S. According to the National Association of Realtors ’ (NAR) Housing Affordability Index , since spring of last year, a typical family with a median income have not been able to afford a median-priced home. While mortgage rates will likely fall this year, conversations about how to increase accessibility to homeownership are still top of mind — and should be top of mind — across the real estate industry.

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Title Title search Industrial Closing costs 440

Inman

MARCH 1, 2024

The Federal Reserve's moves to trim $35 billion in mortgages from its balance sheet each month could keep mortgage rates from falling dramatically this year.

Mortgages 181

Mortgages Marketing 181

Housing Wire

MARCH 1, 2024

In a fiercely competitive market , mortgage originators need to rethink everything to gain market share and become savvy. From leveraging the latest in artificial intelligence (AI) and digital marketing to mastering financial literacy, mortgage and real estate professionals have come together to provide these skills to loan officers in a new book titled, “Rethink Everything: You ‘Know’ About Being A Next-Gen Loan Officer.

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Loan Officer Loans Marketing Title 433

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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 1, 2024

The accessory dwelling unit startup launched in 2022 by an Airbnb cofounder announced this week that it is taking its manufacturing operations in-house.

Marketing 178

Marketing 178

Housing Wire

MARCH 1, 2024

Kiavi , one of the nation’s largest private lenders for residential real estate investors , closed a $350 million unrated securitization of residential transition loans (RTLs), the company announced on Monday. The loans bundled in the securitization were mostly investment property loans used for fix-and-flip transactions. This securitization marked Kiavi’s 16th such transaction and elevated the company’s total issuance to more than $4 billion since it launched its securitization program in 2019

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Closing Investor Principal Residential 432

Inman

MARCH 1, 2024

ERA Real Estate President Alex Vidal writes that agents are the true heroes in real estate. Leaders need to understand that and support them if they want to get better results.

Agents 166

Agents Brokerage 166

Housing Wire

MARCH 1, 2024

Thomas Cangemi is stepping down as president and CEO of New York Community Bancorp (NYCB) following the company’s disclosure of internal control deficiencies and a goodwill impairment of $2.4 billion. Alessandro DiNello, appointed executive chairman of the board on Feb. 6, will replace Cangemi, effective immediately. DiNello was the president and CEO of Flagstar Bancorp , a bank recently acquired by NYCB.

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Banks Loans Commercial Mortgages 423

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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 1, 2024

Two new cast members make their entrance in Season 2 of "Selling the Hamptons," which premieres on Max on Friday. Season 1 vets Bianca D'Alessio and Peggy Zabakolas told Inman the newbies are ready to ruffle some feathers.

Brokerage 154

Brokerage Agents 154

Housing Wire

MARCH 1, 2024

Compass has added two top New York City agents, Tom Postilio and Mickey Conlon, to its roster, the company announced on Thursday. The pair joined Compass after spending almost nine years at Douglas Elliman , where they were founding members of the sports and entertainment division. Postilio and Conlon are known for their roles on Page Six TV’s “Billion Dollar Brokers” and on HGTV’s “Selling New York.” They boast a celebrity clientele. “We look forward to

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Agents Industrial Closing Sales 421

Inman

MARCH 1, 2024

The Consumer Federation of America, an industry watchdog, says that the buyer agreements you're depending on are woefully inadequate to properly protect homebuyers.

Industrial 157

Industrial Brokerage Agents 157

Housing Wire

MARCH 1, 2024

After attorneys made their cases for both the U.S. government and former Live Well Financial CEO Michael Hild regarding a restitution amount owed to the company’s creditors, a magistrate judge overseeing the issue has recommended that Hild pay more than $46 million. The final amount will be determined by the trial judge. The funds will ultimately go to companies including Mirae Asset Securities , Industrial and Commercial Bank of China Financial Services (ICBC), Flagstar Bank , Customers Bank an

Banks 418

Banks Bankruptcy Commercial Equity 418

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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 1, 2024

Agents should embrace client-centric approaches that include making their marketing materials about the client, trainer Bernice Ross writes.

Marketing 169

Marketing Agents Branding 169

Eye on Housing

MARCH 1, 2024

Over the past decade, use of the term “barndominium” (indicating a structure that is, in some sense, a combination barn and condominium) has become increasingly widespread in real estate media outlets. In fact, the term has become popular enough for NAHB to include a question about it in its survey for the February 2024 NAHB/Wells Fargo Housing Market Index.

Marketing 122

Marketing 122

Inman

MARCH 1, 2024

In a market where agents must be expense-averse, Jimmy Burgess writes, generating leads that only have an expense if money comes in can make a lot of sense.

Agents 144

Agents Marketing Branding 144

Eye on Housing

MARCH 1, 2024

NAHB analysis of Census data shows that private residential construction spending rose 0.2% in January 2024, the second month of gains in a row. It stood at a seasonally adjusted annual pace of $900.8 billion. The monthly increase in total construction spending is attributed to more single-family construction. Spending on single-family construction rose 0.6% in December.

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Construction Residential 122

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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.

Brokerage

Inman

MARCH 1, 2024

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Brokerage 150

Brokerage Agents 150

RIS Media

MARCH 1, 2024

A new Bright MLS survey of 450-plus agents indicated that seller concessions have increased in the Mid-Atlantic housing market. Those interviewed consisted of agents who have worked with sellers in the past six months across the Bright footprint. Close to two in five of agents’ clients offered credit for needed repairs that were discovered during… The post Survey Finds Seller Concessions Are Making a Comeback in Some Markets appeared first on RISMedia.

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Seller concession Marketing MLS Agents 128

Inman

MARCH 1, 2024

Whether your lead gen leans into cold calls, direct mail, door knocking or portals, Bernice Ross talks to REDX CEO Curtis Fenn to find out what changes are afoot.

Branding 144

Branding Agents Marketing 144

Bigger Pockets

MARCH 1, 2024

The beginning of 2024 has been a buzzkill for what many believed would be the beginning of federal interest rate cuts. Are we still on track for a summer cut, though?

Marketing 118

Marketing 118

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