Tue.Mar 11, 2025

article thumbnail

How to follow up with unresponsive clients without being pushy

Housing Wire

After the National Association of Realtors settlement changed how commission is paid, there was some fear among agents that buyers and sellers might forgo their services in favor of handling the transaction themselves. For the most part, that hasnt happened. About 73% of sellers said using a real estate agent is the best way to sell, 69% said selling without an agent is too risky, and 76% said the services they received from their listing agent were worth what they paid, according to a recent st

Agents 354
article thumbnail

Mortgage Rates Hit Lowest Point So Far This Year

Keeping Current Matters

If you’ve been holding off on buying a home because of high mortgage rates, you might want to take another look at the market.

Mortgages 255
Insiders

Sign Up for our Newsletter

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

article thumbnail

Tomo Mortgage closes $20M Series B funding round

Housing Wire

Tomo Mortgage on Tuesday announced the closure of $20 million in Series B funding that was led by three existing investors and a new participant. The funding round was led by prior investors Ribbit Capital , DST Global and NFX along with new investor Progressive Insurance. Tomo, which was founded in 2020 by former Zillow executives Greg Schwartz and Carey Armstrong, has received a total of $130 million in funding to date.

Closing 360
article thumbnail

Is Rocket ‘one of the biggest threats’ to commissions?

Real Estate News

The Rocket-Redfin deal means more competition for portal giants like Zillow and CoStar, but also for smaller brokerages and boutique lenders.

Brokerage 239
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

New York moves to allow title insurance for state land deals

Housing Wire

New York may soon allow title insurance for state land purchases, a shift that could streamline conservation efforts and resolve longstanding property disputes. The change, which was included in Gov. Kathy Hochuls recent budget amendments, follows growing concerns from environmental groups and municipalities over costly delays in land acquisitions. Proposed changes New York is currently the only state that does not accept title insurance for government land purchases.

Title 317
article thumbnail

Tomo Mortgage raises $20 million from Progressive and others

Real Estate News

The news comes on the heels of Rockets acquisition of Redfin a power move, said Tomos CEO, an ex-Zillow exec plus a major equity investment in KW.

Equity 234

More Trending

article thumbnail

LoanDepot shares slip on $67M Q4 2024 net loss, tepid Q1 outlook

Inman

While mortgage originations were up 34 percent from a year ago, to $7.2 billion, company executives said they don't expect lending to surpass $5.5 billion in Q1 2025.

Lending 155
article thumbnail

Milestone Mortgage acquires Willow Home Loans with ‘goal to be No. 1’

Housing Wire

Federally registered broker and correspondent lender Milestone Mortgage Solutions has acquired Willow Home Loans and is looking to join the $1 billion origination club this year. Milestone, the largest brokerage in Massachusetts over the past three years, said the companies will be able to combine Willow’s top-drawer proprietary technology platform with Milestone’s federal registration and state licensing footprint.

Loans 370
article thumbnail

The top 1% could buy nearly all homes in the US with their wealth

Inman

The value of America's nearly 100 million homes hit $49.7 trillion at the end of 2024, as the combined net worth of the wealthiest 1 percent of Americans hit a record $49.2 trillion, according to a Redfin analysis.

Marketing 134
article thumbnail

How a luxury real estate agent fell for a listing scam

Housing Wire

The conversation started like any typical interaction with a homeowner looking to sell their property. We discussed the current market conditions and revisited the propertys previous listing history including that the last agent had failed to sell it, eventually pulling it off the market 60 days later. The seller mentioned they were now living out of state and wanted to re-evaluate their approach with a new agent, potentially adjusting both the price and marketing strategy.

Agents 300
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

EXp taps Movoto for enterprise agent solution

Inman

EXp hired Movoto to install its Lever by Movoto enterprise product to help agents handle leads, transactions and other business-critical needs.

Agents 145
article thumbnail

Safety, affordability concerns could be barriers for aging in place

Housing Wire

An overwhelming majority of older Americans (84%) say that aging in place in their current homes is a priority, but significant challenges stemming from home safety and affordability concerns are some of the elements keeping them from actually doing it. This is according to a new survey from Point , a company that specializes in home equity investments.

Equity 317
article thumbnail

Dolly Lenz: Seek like-minded agents to generate referrals

Inman

Lenz appeared with other panelists Tuesday at Inman on Tour Nashville to tout the benefits of working from referrals. But the panelists all agreed that referrals only work when done right.

Agents 157
article thumbnail

Property management software: Why more Americans firing their property managers

Housing Wire

For those who think being an independent landlord is easy, congratulations youre wrong. The challenges mount from the jump. Finding the best tenant is an uphill battle for some landlords. Then, they often face dissatisfied tenants, pesky maintenance issues, and tenants who cant or wont pay their rent on time and in full. Hiring a property manager to handle day-to-day operations may seem like the best way to alleviate the stress.

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

How this broker embraces personal and professional evolution

Inman

Broker Pam Blair says that recognizing when your brand needs to change is the key to keeping your business going during challenging markets.

Branding 131
article thumbnail

Gen Z still eager to buy homes, but getting weary

Housing Wire

Now in its fifth year, the 2025 ServiceLink State of Homebuying Report (SOHBR), released today, revealed that while Gen Z remains eager and ready to buy a home this year, high mortgage rates and home prices could deter them from crossing the finish line. Out of Gen Z respondents, 67% said they plan to purchase a home this year compared to 51% of millennials , 49% of Gen X and 22% of baby boomers.

article thumbnail

Mortgage lending hits record high amid Stamp Duty rush

Estate Agent Today

The interest rate cut in August and the Stamp Duty deadline this April appear to have created a surge in mortgage lending at the end of last year, Bank of England data suggests.

Lending 118
article thumbnail

MoxiWorks CEO says technology won’t solve the real estate industry’s problems

Housing Wire

In this week’s episode of the RealTrending podcast , host Tracey Velt sits down with Eric Elfman, CEO of MoxiWorks. During the conversation, Velt and Elfman discuss the delicate art of balancing technology and artificial intelligence (AI) usage with developing client relationships. This conversation has been edited for length and clarity. To start the discussion, Elfman and Velt briefly explore MoxiWorks’ upcoming goals for 2025.

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.

article thumbnail

Rocket: Redfin acquisition will cut consumer transaction costs by half

Inman

Rocket executives say that a whopping $20,000 in savings from unifying home search, buying, selling, mortgage, title and servicing could allay antitrust concerns and keep regulators at bay after the deal closes.

Title 111
article thumbnail

How a 26-year-old Douglas Elliman agent closed $100 million+ in 2024

Housing Wire

Do you have the confidence to talk yourself out of a six-figure payday? Abraham Sarway did. As he and his clients walked out the door of a multi-million home they had just toured together, the buyer told Sarway he wanted to submit an offer. Sarway thought of the commission check and what he could buy with it: a well-equipped Mercedes S Class. A vacation cabin upstate.

Closing 221
article thumbnail

Renting becomes sign of wealth as many opt against homebuying

Inman

A recent Redfin analysis of U.S. Census Bureau, MLS and county records from 2019 to 2023 found that in 35 of the 50 largest U.S. metro areas, wealthy renters are taking over the rental market. Certain cities, including San Jose, California; Raleigh, North Carolina; Orlando, Florida; Buffalo, New York; and Tampa, Florida, have seen a surge in wealthy renters compared to pandemic numbers.

MLS 103
article thumbnail

The Agency adds Engel & Volkers veteran to leadership team

Housing Wire

The leadership team at The Agency has a new face. The brokerage announced this week that Peter Ianos is joining as its head of operations for core services. Ianos most recently held the title of chief experience officer at Engel & Volkers Americas, where he worked on recruiting, retention, professional development and brokerage services. “[Ianos’s] deep expertise in real estate operations coupled with his firsthand understanding of the elevated service expectations in the luxury

Brokerage 243
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

Former Engel & Völkers CXO Peter Ianos joins The Agency

Inman

Ianos has been in the industry for more than two decades, and spent about 12 years at Engel & Vlkers, where he served in a variety of leadership roles.

article thumbnail

Consulting firm Milliman jumps into mortgage advisory by hiring two big names

Housing Wire

Global consulting and actuarial firm Milliman Inc. is expanding into the residential mortgage business, and it’s picked up Sterling Point Advisors ‘ Jeff Juliane and Brett Ludden to lead the effort. Ludden and Juliane will focus on providing comprehensive advisory services to mortgage lenders, servicers and investors. “We are thrilled to welcome Jeff and Brett to Milliman,” said Jonathan Glowacki, a principal at Milliman. “Their extensive experience in financial ser

Mortgages 221
article thumbnail

California, Illinois, New York City and Parts of Florida Lead ‘At-Risk’ Housing Markets

RIS Media

A new report from ATTOM Data spotlights areas of the country that are vulnerable to decline based on affordability and equity measures gathered during Q4 2024. The report found that California, Illinois, New York City and parts of Florida were at the highest risk for the measured time period, with less vulnerable markets clustered in… The post California, Illinois, New York City and Parts of Florida Lead At-Risk Housing Markets appeared first on RISMedia.

article thumbnail

Pennymac hires Isaac Boltansky as head of public policy

Housing Wire

PennyMac Financial Services Inc. on Tuesday announced the appointment of Isaac Boltansky as managing director and head of public policy. “Pennymac is pleased to welcome Isaac to our strong team of industry professionals. In moments of industry transformation, it is critical to have leaders who understand the ecosystem with the expertise to shape the future of mortgage lending through thoughtful advocacy,” said David Spector, chairman and CEO at Pennymac. “Isaacs established ind

Lending 221
article thumbnail

Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

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.

article thumbnail

Tomo Mortgage secures $20M in Series B funding round

Inman

Tomo Mortgage, an AI-powered digital mortgage lender, has secured $20 million in a Series B funding round, bringing its total investment to $130 million, company executives announced Tuesday.

article thumbnail

Renting is less expensive than homeownership in every major US metro

Housing Wire

Deciding whether to rent or buy a home depends on several factors including finances, long-term goals and local market conditions. While homeownership can be a long-term investment, renting remains the cheaper option in each of the country’s 100 largest metro areas, according to a LendingTree analysis of U.S. Census Bureau data. The study compared median monthly rents to median homeownership costs including mortgage payments, taxes and fees across the 100 largest metros.

Equity 186
article thumbnail

Pam Liebman: Most listings should be ‘shared amongst everybody’

Inman

The CEO of Corcoran appeared at Inman on Tour Nashville Tuesday and expressed support for Clear Cooperation. She also said the best market is simply one where agents can transact.

Agents 93
article thumbnail

Richmond, Raleigh rank as the friendliest cities for single-family renters

Housing Wire

Single-family renter households have grown by 31% over the past two decades, outpacing the 21% increase in owner-occupied households. Alongside that growth, several metropolitan areas stand out as the best locations for single-family renters. These findings come from a recent analysis by real estate listing website Point2Homes. The study examined the 75 largest U.S. metros to determine the best cities for single-family renters.

Mortgages 191
article thumbnail

Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.