Housing Wire

MARCH 6, 2024

Federal Reserve Chair Jerome Powell reiterated Wednesday that the central bank won’t be applying any cuts to benchmark interest rates until it’s sure that inflation is under control. In his prepared testimony to the House Financial Services Committee, Powell hinted at rate cuts “at some point this year” but kept the timing under wraps. Powell emphasized the Fed’s commitment to its dual mandate of bolstering employment and keeping consumer prices stable.

Banks 482

Banks Marketing 482

Keeping Current Matters

MARCH 6, 2024

If you’re gearing up to sell your house this spring, one of the early conversations you’ll have with your agent is about how much access you want to give buyers.

Agents 327

Agents 327

Housing Wire

MARCH 6, 2024

The title insurance and settlement services industry directly generated $30 billion of U.S. gross domestic product (GDP) in 2022, according to a report commissioned by the American Land Title Association that was published on Wednesday. Additionally, the report, conducted by Ernst & Young’s Quantitative Economics and Statistics (QUEST) team, found that the title industry was also directly responsible for 155,000 jobs , and $13 billion and wages and benefits for those employed in the industry

Title 500

Title Industrial Land As-is 500

Real Estate News

MARCH 6, 2024

A Wall Street hedge fund manager is sounding the alarm on Zillow’s market dominance, suggesting that its revenue and traffic are at risk.

Marketing 243

Marketing 243

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 6, 2024

The typically busy spring housing market seems to already be at the doorstep despite stubbornly higher mortgage rates. Mortgage applications increased by 9.7% on a seasonally adjusted basis during the week ending March 1, according to the Mortgage Bankers Association ’s (MBA) weekly mortgage applications survey. It was the first increase in mortgage demand in three weeks.

Mortgages 459

Mortgages FHA loan Loans Residential 459

Inman

MARCH 6, 2024

If you want to raise your profile and stay top of mind in your chosen market, luxury consultant Chris Pollinger writes, it requires crafting an effective and recognizable brand identity.

Branding 185

Branding Marketing Development Brokerage 185

Inman

MARCH 6, 2024

Agent Danielle Lazier quit listing appointments because she was tired of giving away expertise with no reward. Here's how she susses out which clients truly want to work with her.

Agents 176

Agents Branding Marketing 176

Housing Wire

MARCH 6, 2024

Christie’s International Real Estate appointed Jamie Duran as executive vice president and managing director of its Beverly Hills-based affiliate, the company announced on Wednesday. Prior to joining Christie’s, Duran was affiliated with Coldwell Banker for almost 35 years. In her new role, Duran will work with owner and CEO Aaron Kirman to lead the expansion of the Christie’s brand in Southern California.

Branding 446

Branding Brokerage Agents Technology 446

Inman

MARCH 6, 2024

Fifty-six percent of consumers surveyed by Coldwell Banker said that price is the most important factor for them when choosing a home, compared to 50 percent who said location was most important, casting doubt on the seasoned advice that location is everything in homebuying.

Brokerage 174

Brokerage Agents Marketing 174

Housing Wire

MARCH 6, 2024

Fannie Mae announced on Wednesday an enhancement to its desktop underwriting system, which will facilitate the asset, income, and employment verification process through a single data source. Lenders can use a single 12-month asset verification report to identify recurring deposits in the applicant’s digital bank statement data. The solution will automatically use approved data from third-party vendors to validate income, employment, and assets in one step.

Loans 446

Loans Banks Mortgages Closing 446

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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 6, 2024

Local Logic is a software company that unearths community data for use in provided marketing tools. Its latest is called Neighborhood Wrap, delivered via APIs and SDKs.

Marketing 168

Marketing Branding Technology 168

Housing Wire

MARCH 6, 2024

Pennymac Financial Services has made changes to its technology leadership, creating a new role focused on digital innovations, the company announced on Tuesday. The changes come after the resolution of a long-standing arbitration process with Black Knight regarding its servicing platform. They also come as the mortgage industry is making efforts to adopt artificial intelligence solutions to improve productivity and better assist customers.

Technology 443

Technology Principal Commercial Mortgages 443

Inman

MARCH 6, 2024

Howard Hanna had been one of several defendants in a case known as Batton 2, which was brought by homebuyers and has a much larger scope than some better-known cases.

Brokerage 165

Brokerage Agents 165

Housing Wire

MARCH 6, 2024

Guaranteed Rate hired Bijoy John, former head of marketing at Newrez , as its vice president of marketing. John’s new tasks will include consumer direct marketing and the crafting of strategies for new products. His goal at Guaranteed Rate is to increase origination volume for the company while also helping consumers throughout the loan life cycle. “What led me to Guaranteed Rate’s marketing team was Victor Ciardelli’s vision for the company.

Marketing 442

Marketing Loan Officer Lending Loans 442

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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 6, 2024

In the wake of legal settlements in two of the largest commission lawsuits, RE/MAX and Anywhere revealed their paths forward to investors in Q4 earnings calls last month. Intel reads the tea leaves.

Investor 157

Investor Brokerage Industrial 157

Housing Wire

MARCH 6, 2024

A state-level program in Connecticut that pays caregivers living with loved ones who require special attention, and is designed to facilitate aging in place, is seeing a surge in demand across the state. This is according to reporting by Connecticut Public Radio. The state’s Adult Family Living (AFL) program is specifically designed to help older adults age in place in their own homes, avoiding the expenses and stress that could come from relocating to a dedicated senior care facility.

Lending 444

Lending Design As-is 444

Inman

MARCH 6, 2024

Think your website can't compete with the big portals? SEO expert David Marden writes that, with smart keyword planning, you can find your place in online search results.

Branding 159

Branding Marketing Agents 159

Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday. Several Fed districts reported that a dearth of for-sale inventory contributed to faster home price growth since January.

Mortgages 436

Mortgages Residential Construction Lending 436

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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 6, 2024

Voters are set to decide on March 19 whether they want to quadruple the tax buyers pay on real estate purchases above $1.5 million. Realtors say it amounts to a secret tax and rent hike.

Agents 156

Agents Marketing 156

Housing Wire

MARCH 6, 2024

Despite feelings of optimism expressed by loan originators in the opening weeks of 2024, the road to more normalized levels of reverse mortgage volume and securities issuances may be longer than expected. Home Equity Conversion Mortgage (HECM) endorsements fell 11.8% to 1,900 loans in February, a drop telegraphed by lagging case numbers and sluggish endorsement activity in January, according to data compiled by Reverse Market Insight (RMI).

Mortgages 439

Mortgages Seller concession Principal Loans 439

Inman

MARCH 6, 2024

The Inter Miami striker bought the 7,100-square-foot property in an off-market deal. He'll be just a 10-minute walk away from fellow teammate, Lionel Messi.

Marketing 165

Marketing 165

Housing Wire

MARCH 6, 2024

Top-performing independent Florida brokerage Premiere Plus Realty has chosen to affiliate with Dallas-based United Real Estate , according to an announcement on Wednesday. The Naples, Florida-based Premiere Plus has roughly 1,500 agents and six office locations in downtown Naples, north Naples, Fort Myers, Bonita Springs, Cape Coral and Marco Island.

Brokerage 425

Brokerage Agents Closing Sales 425

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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 6, 2024

Whether it was the photos, the property description, the website or the social media plan, what marketing element was a total turnoff?

Marketing 168

Marketing Branding Agents 168

Housing Wire

MARCH 6, 2024

For years, customized integrations have been the sign of a healthy tech stack , seamlessly connecting the various technologies used by a particular title agency ( mortgage lender, broker or appraisal management company, for that matter) to deliver optimal performance. After all, one of the challenges remaining to our industry – even after a wave of digitalization – takes place where two systems don’t connect perfectly, creating chokepoints where humans must move the transaction along manually.

Title 422

Title Technology Industrial Development 422

Inman

MARCH 6, 2024

Data provider Attom tracks the 50 U.S. communities most at risk of further housing decline. Half of them are located in one of three places.

Mortgages 160

Mortgages Marketing 160

Housing Wire

MARCH 6, 2024

California-based mortgage lender CMG Financial will partner with fintech Sagent for seven years as it brings its servicing business in-house. CMG Financial is “doubling down on controlling lifetime customer experience,” and the seven-year deal with Sagent is in line with the lender’s effort to prioritize its “homeowner-first strategy,” the companies said in a joint news release.

Bankruptcy 419

Bankruptcy Loan Officer Mortgages Investor 419

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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 6, 2024

We are used to hearing the word “compounding” in relationship to finances. Here, Inman contributor Carl Medford couples compounding with business habits to set in motion long-term results that can dramatically transform your business and your personal life.

Finance 141

Finance Brokerage Agents 141

Housing Wire

MARCH 6, 2024

A group of investors led by the former U.S. Department of Treasury Secretary Steven Mnuchin’s private equity firm, Liberty Strategic Capital , will inject $1 billion in equity investment in struggling New York Community Bancorp (NYCB), one of the nation’s largest residential mortgage servicers. The move strengthens the bank’s balance sheet amid a confidence crisis related to its commercial real estate loan portfolio.

Equity 393

Equity Mortgages Banks Commercial 393

RIS Media

MARCH 6, 2024

Federal Reserve Chair Jerome Powell on Wednesday signaled that rate cuts are coming this year, sticking to the Fed’s cautious script about slashing rates too quickly before it has a sustained handle on inflation. “In our pursuit of our dual mandate, the Federal Reserve remains steadfast in promoting maximum employment and stable prices for the… The post Fed Chair Powell Affirms Rate Cuts Are Coming This Year as U.S.

Industrial 135

Industrial Mortgages 135

Bigger Pockets

MARCH 6, 2024

Migration has been one of the prevailing trends since the beginning of the COVID-19 pandemic, but it's slowing down, with several key stats showing less move intent and actual moves than the year prior. Here's where movers went last year and how investors can capitalize.

Investor 132

Investor Marketing 132

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