Wed.Mar 19, 2025

article thumbnail

Mortgage applications drop after weeks of growth

Housing Wire

Mortgage applications decreased 6.2% from last week, which marked the first decrease in several weeks. That’s according to the latest data from the Mortgage Bankers Associations (MBA) weekly mortgage applications survey for the week ending March 14, 2025. The Market Composite Index, which measures mortgage loan application volume, decreased 6.2% on a seasonally adjusted basis from one week earlier.

article thumbnail

‘They have just ruined my career’: Ousted Vegas Realtors CEO speaks

Inman

Former Las Vegas Realtors CEO Wendy DiVecchio claims her suspension and a subsequent probe into last year's Realtor elections lacked transparency. After she sued, she received a death threat.

MLS 173
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

SFR investors scaled back home buying in 2024

Housing Wire

Institutional home-buying activity remained subdued last year as transactional players including iBuyers , flippers, and sales leaseback firms dominated the market. While major single-family rental (SFR) funds continued to make acquisitions, their volume was significantly lower than during the post-pandemic surge of 2021. An analysis by SFR Analytics , which tracks nationwide real estate transactions, found that the threshold to rank among the top 10 buyers in 2024 was nearly 80% lower than it

Investor 380
article thumbnail

How to find the right real estate coach (and how to know it’s a fit)

Inman

By defining your goals and ensuring a good fit, coach Verl Workman writes, you can choose a coaching company that will guide you to success.

article thumbnail

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.

article thumbnail

Harvard study suggests inflation, labor shortages threaten remodeling industry

Housing Wire

The U.S. remodeling industry reached $600 billion in value following the COVID-19 pandemic. Despite recent softening in 2022 and 2023, it still remains 50% above pre-pandemic levels. But industry fragmentation, inflation and a shortage of skilled trade labor jeopardize the ability of the industry to fully meet demand, according to a new report by the Harvard Joint Center for Housing Studies (JCHS).

More Trending

article thumbnail

“I scratch your back and you scratch mine”: How Realtors are working together in a tough market

Housing Wire

I had just landed in Mexico when my phone started blowing up. A client needed to see a house and of course they needed to see it immediately. Another agent was asking for an open house on the condo for the 3rd weekend in a row. A title company had a question about closing documents. In the past, I would have gone straight into panic lets get it done mode, trying to balance pia coladas with last-minute texts and frantic calls.

Marketing 335
article thumbnail

EXp is peachy keen with addition of $70M Georgia team

Inman

The Tim Stout Group has joined eXp Realty. The Newnan, Georgia-based team is the sixth multimillion-dollar team to join the cloud-based brokerage in 2025.

Brokerage 157
article thumbnail

WSJ: Agents are struggling to sell in disaster-stricken areas

Housing Wire

Disaster-stricken areas can place undue hardship on real estate agents looking to sell houses and sales volumes often take a hit. In Tampa, Florida, for example, pending home sales fell by 32% last fall after the arrival of hurricanes Helene and Milton, according to Redfin. And a report published this week said that agents in Florida, California and South Carolina are being forced to change tactics to survive in their markets.

Agents 349
article thumbnail

How flat leadership creates thriving agents, successful brokerages

Inman

The formula for a future-ready brokerage, according to new Inman contributor Abbey Wostal: Make yourself accessible, create a culture of collaboration and focus on growth over volume.

Brokerage 146
article thumbnail

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.

article thumbnail

Hailstorms are the new hurricanes when it comes to insurance

Housing Wire

While most of the insurance crisis news is focused on the impact of hurricanes and wildfires , hail is gaining ground as the repair of storm-damaged houses has grown so expensive that insurers are increasing premiums and even dropping homes to protect profits. Per Wall Street Journal coverage of the same topic , convective storms meaning storms characterized by rising warm, moist air, that potentially leads to heavy rainfall, strong winds, hail and even tornadoes cost insurers $58 billion in t

article thumbnail

What’s your best marketing tip for 2025? Pulse

Inman

You have to wear so many hats as a real estate professional, including that of marketing expert. What's your No. 1 marketing strategy that's working now?

Marketing 135
article thumbnail

Longbridge appoints new head of credit policy, underwriting and QC

Housing Wire

Financial services veteran Patrick Halonen has joined reverse mortgage lender and servicer Longbridge Financial as the companys new head of credit policy, underwriting and quality control. With over 25 years of expertise in the financial services industry, Halonens appointment underscores Longbridges continued commitment to enhance its operational frameworks as the company continues to expand, the company explained in its announcement.

Banks 347
article thumbnail

Fed leaves rates unchanged, forecasts 2 cuts later in the year

Real Estate News

Economic factors could cause the Federal Reserve to change course, but heading into the spring homebuying season, mortgage rates are likely to remain stable.

Mortgages 273
article thumbnail

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.

article thumbnail

Better COO Chad Smith on ‘mind-blowing’ pace of tech leaps

Housing Wire

Editor in Chief Sarah Wheeler sat down with Chad Smith, president and COO of Better Mortgage , to talk about leadership, technology, and how they have pivoted their business strategy to meet the needs of this market. Smith joined Better in May 2024 after serving in senior leadership roles at Mission Loans, Caliber Home Loans and loanDepot. This interview has been edited for length and clarity.

article thumbnail

What You Need To Know About Homeowner’s Insurance

Keeping Current Matters

Homeowner’s insurance is a must-have to protect what’s probably your biggest investment – your home.

249
249
article thumbnail

Vishal Garg says Better’s AI could underwrite 75% of mortgages by year’s end

Housing Wire

Better ‘s fourth-quarter and full-year 2024 earnings call showcased the company’s growing revenue and its plans to further integrate artificial intelligence into the mortgage process. Vishal Garg , Better’s CEO and founder, said that despite a market with historically low housing affordability and persistently high mortgage rates , Better saw progress in its funded loan volume.

article thumbnail

It’s time to reimagine off-market listings: Cara Ameer

Inman

A middle ground that provides choices for sellers and options for agents might be just what the industry needs to create movement in the market, broker Cara Ameer writes.

Marketing 114
article thumbnail

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.

article thumbnail

Cardinal Financial launches loan processing solution for mortgage brokers

Housing Wire

Cardinal Financial Wholesale has introduced Cardinal Complete, a new loan processing solution aimed at streamlining operations for mortgage brokers. The platform offers an end-to-end processing service designed to reduce administrative burdens and improve efficiency from application to closing. The service, powered by Cardinal Financial s proprietary loan origination system, Octane, provides brokers with a dedicated team to handle file management, compliance oversight and quality control.

Loans 259
article thumbnail

Bed Stuy Brownstone With Mantels, Pass-Through Asks $1.95 Million

Brownstoner

Renovated with a sympathetic eye towards period details, this Bed Stuy two-family has updated wet rooms along with fretwork, mantels, and built-ins. The brownstone dwelling at 592 Decatur Street is set up as a duplex over a garden rental and while it appears move-in ready, there is also room for… Read More > The post Bed Stuy Brownstone With Mantels, Pass-Through Asks $1.95 Million appeared first on Brownstoner.

article thumbnail

NRMLA supports Hawaii bill seeking state-run reverse mortgage program

Housing Wire

After taking the time to digest elements of a proposal from lawmakers in Hawaii , the National Reverse Mortgage Lenders Association (NRMLA) has expressed support for a measure to establish a state-run Home Equity Conversion Mortgage ( HECM ) program there. In a letter submitted by NRMLA to sponsor lawmakers at the end of February, the association explained that it strongly supports the adoption of such a program.

Mortgages 243
article thumbnail

9 Proven Strategies to Generate More Listing Leads in 2025

RIS Media

The real estate landscape can shift like quicksand, but in the midst of it, one rock-like truth remains firm: listings are the foundation of a successful business. While buyer representation continues to evolve, agents who master the art of securing listings will lead the market in 2025 and beyond. The key? Consistently generating leads and… The post 9 Proven Strategies to Generate More Listing Leads in 2025 appeared first on RISMedia.

Agents 112
article thumbnail

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.

article thumbnail

Is the DOJ really the CCP boogeyman for Realtors?

Housing Wire

In its supplemental statement of interest in the Nosalek suit filed on Monday, the Department of Justice (DOJ) didnt just address its ongoing qualms with MLS Property Information Networks (MLS PIN) settlement. In a footnote on the seventh page of the filing, the DOJ decided to offer some clarity on its current feelings about the National Association of Realtors (NAR) Clear Cooperation Policy (CCP).

MLS 243
article thumbnail

Buying and Selling Real Estate: How Should REALTORS® Approach Real Estate Investing?

RIS Media

While real estate professionals are familiar with running their own business, helping buyers and sellers, what about being on the other side of the game as an investor? Buying real estate as an investment strategy can be a way to build intergenerational wealth and cash flow, and a real estate professionals knowledge and network can… The post Buying and Selling Real Estate: How Should REALTORS Approach Real Estate Investing?

Investor 105
article thumbnail

Better’s focus on efficiency leads to revenue growth, smaller net loss in 2024

Housing Wire

Better Home & Finance Holding Co. on Wednesday reported its financial results for the fourth quarter and full year of 2024. The earnings release touted growth compared to 2023 and detailed the company’s plans of “diversifying Betters offering, and leveraging Tinman to power local loan officers” through a new program. Better shared an update on the NEO Powered by Better program, which included the onboarding of 110 NEO Home Loans originators across 53 branches. “Since

article thumbnail

U.S. Sawmill Production Capacity Constant in 2024

Eye on Housing

Sawmill and wood preservation firms reported lower capacity utilization rates coupled with level production and capacity throughout 2024. Despite no growth in production in 2024, utilization rates have trended downwards since 2017 as sawmills have expanded production capability. Even with more production capability, real output has not followed as output remains lower than 2018.

104
104
article thumbnail

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.