HomeLight
FEBRUARY 8, 2024
If you’re considering a move to New York, you might want to get a good idea of the cost of living in the Empire State before making a decision. This guide will break down the cost of living in New York, from housing to food and healthcare costs. We’ll provide data from state cost of living index tools and how New York ranks in the nation for livability.
Housing Wire
FEBRUARY 8, 2024
Mortgages rates reached their highest level since 2000 , construction costs rose and building regulations remained burdensome, leaving U.S. housing affordability near a 10-year low point at the end of last year, according to the National Association of Home Builders (NAHB). According to the fourth-quarter 2023 iteration of the NAHB/Wells Fargo Housing Opportunity Index (HOI), only 37.7% of new and existing homes sold during the final three months of last year were considered affordable to househ
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Keeping Current Matters
FEBRUARY 8, 2024
Are you on the fence about selling your house?
Housing Wire
FEBRUARY 8, 2024
People have been screaming about a housing bubble crash on social media sites for over 12 years. The truth is, U.S. housing credit looks very different than in 2005, 2006, 2007 or 2008. Homeowners have actually never looked better and the data from the Federal Reserve ‘s Quarterly Report on Household Debt and Credit shows why. Homeowners are not the people we need to be concerned about this time.
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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.
Real Estate News
FEBRUARY 8, 2024
New reports from Redfin and Allied Van Lines shed light on the impact that local laws and political divides can have on buying and selling.
Housing Wire
FEBRUARY 8, 2024
Mortgage rates stabilized this week despite newly released economic data. The 30-year fixed-rate mortgage averaged 6.64% as of Feb. 8, a slight increase from last week ’s figure of 6.63%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday. Meanwhile, the 15-year fixed rate averaged 5.90% this week, down from 5.94% during the prior week.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
FEBRUARY 8, 2024
Last year marked the 10th consecutive year of population declines for Illinois. According to estimates from the U.S. Census Bureau , the state lost 32,826 residents from July 2022 to July 2023. Despite the population decline, Illinois’ housing market remains relatively strong. The state has an Altos Research Market Action Index score of 44, which is above the national score of 39.
Inman
FEBRUARY 8, 2024
The company plans to advertise during the Super Bowl and other major cultural events in what it describes as the "biggest marketing campaign in real estate history.
Housing Wire
FEBRUARY 8, 2024
E-signature company DocuSign laid off 6% of its workforce, or about 400 employees, following reports that the fintech company’s talks in exploring a sale have stalled. A majority of the impacted positions came from the company’s sales and marketing organizations, the company said. DocuSign had 7,336 employees at the end of 2023. DocuSign began to cut operating costs for fiscal year 2025, including areas such as program spending, professional fees and noncritical open roles, according to a messag
Inman
FEBRUARY 8, 2024
Find out why this North Carolina broker says that real estate is as much a hospitality business as a sales and marketing one.
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.
Housing Wire
FEBRUARY 8, 2024
Mortgage delinquencies kept rising slightly in the fourth quarter of 2023 as Americans continued to indulge in personal spending. But delinquency rates remain well below historic averages, according to new data from the Mortgage Bankers Association (MBA). Delinquent home loans on one- to four-unit properties rose to a seasonally adjusted rate of 3.88% of all loans outstanding at the end of Q4 2023, up from 3.62% in the previous quarter but slightly below the rate of 3.96% a year earlier, accord
Inman
FEBRUARY 8, 2024
U.S. home prices shot up in 86 percent of the 221 metropolitan areas tracked by the National Association of Realtors and rose 3.5 percent in the fourth quarter, according to data released Thursday by NAR.
Housing Wire
FEBRUARY 8, 2024
Home prices increased in the fourth quarter of 2023 as mortgage rates declined. More than 85% of U.S. metro markets analyzed registered home price increases, up from 82% in the previous quarter, according to a report from the National Association of Realtors (NAR). Among the 221 metro areas studied, 15% experienced double-digit price gains during the same period, up from 11% in the third quarter.
Inman
FEBRUARY 8, 2024
Troubled New York Community Bancorp is reportedly ready to pledge about $5 billion in home loans originated by Flagstar Bank as collateral for risk transfer that would bolster its capital.
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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.
Housing Wire
FEBRUARY 8, 2024
When creating retirement plans, people often consider their investments and other financial assets when determining the future course to take, but they rarely consider what is often their most valuable asset: their home. This is according to Steve Resch, vice president of retirement strategies at Finance of America Reverse (FAR), in a new column published by The Street.
Inman
FEBRUARY 8, 2024
Real estate professionals who handle closings and settlements will be required to report information to the Treasury's Financial Crimes Enforcement Network when an all-cash residential sale is made to shell companies, legal entities and trusts.
Housing Wire
FEBRUARY 8, 2024
Real estate farming, otherwise known as geo-farming, is a dependable lead generation method that can help to create a steady pipeline of real estate leads and clients in your area. Real estate farming is a slow-burn strategy where consistency and intentionality matter, but when it’s done right, your efforts can yield long-ranging results when guided by a community-first approach.
Inman
FEBRUARY 8, 2024
Is the path to prosperity in real estate paved by fierce competition, or does the real power lie in collaborative endeavors? Coaches Emily Bossert and Melanie Klein share how teamwork can create optimal outcomes.
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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.
Housing Wire
FEBRUARY 8, 2024
As a real estate agent, you may think clients should care more about their next home than your life story. And while that may be true, well-crafted real estate agent bios can build trust and credibility and serve as a powerful tool in an agent’s marketing arsenal — giving prospective clients. After all, prospective clients are trusting you with one of their biggest financial decisions.
Inman
FEBRUARY 8, 2024
Building a real estate business is about more than memorizing lists of terms and laws, Jimmy Burgess writes. Find out what it takes to launch smarter.
Housing Wire
FEBRUARY 8, 2024
John “Buz” Gorman, a key figure in financial regulation for nearly 30 years, passed away on Monday following an eight-month battle with glioblastoma, a form of cancer. Throughout his tenure as general counsel for the Conference of State Bank Supervisors (CSBS), Gorman contributed to significant legislative milestones and nurtured the next generation of regulators.
Inman
FEBRUARY 8, 2024
Rising interest rates and harsh winter weather have dampened homebuyer activity, leading to the biggest drop in pending sales since October. However, there's optimism for a rebound as spring approaches, fueled by increasing home tours and new listings.
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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.
Housing Wire
FEBRUARY 8, 2024
This week, Mortgage Cadence announced that it had appointed longtime reverse mortgage industry professional George Morales to serve on its sales team. The company is aiming to bring more reverse mortgage technology solutions to potential partners already in the industry and those that have yet to enter it. To understand the dynamics of his new role, RMD sat down with Morales to learn more about his individual and company goals, including the potential for a large national bank to become involved
Inman
FEBRUARY 8, 2024
Industry experts share their thoughts on the state of the market and tactical solutions to implement in your business.
Housing Wire
FEBRUARY 8, 2024
For the past three decades, I have been a fierce advocate for mortgage servicing innovation, that supports the industry’s forward momentum while increasing operational efficiency and exceeding customer expectations along the way. And what fuels my excitement is our customers’ reactions when that innovation comes to fruition. A precise focus on the customer experience should be a core tenet for all in servicing — one of the main reasons I joined Sagent was because of their innate focus on the cus
Inman
FEBRUARY 8, 2024
Troy Palmquist profiles luxury team leader Ed Kaminsky, a member of the council of eXp Luxury and founder of SportStar Relocation.
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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.
Housing Wire
FEBRUARY 8, 2024
Editor in Chief Sarah Wheeler sat down with Trevor Gauthier , CEO at ACES Quality Management , to talk about the benefits of tech partnerships and how the company is building a moat around their regulatory and compliance business. Sarah Wheeler: How do you think about build versus buy? Trevor Gauthier: For us, it’s actually four-fold. We look at building, purchasing or licensing, partnering and potential acquisition.
Inman
FEBRUARY 8, 2024
HFZ, Meir and executives from both HFZ and Omnibuild allegedly defrauded subcontractors, investors and the City of New York.
Housing Wire
FEBRUARY 8, 2024
New York-based real estate investment trust Two Harbors has hired industry veteran Kyle Kilpatrick to lead its newly created mortgage originations division, which is part of the company’s strategy to retain borrowers from its servicing portfolio when interest rates drop. “He has experience building direct-to-consumer channel products and businesses from scratch,” Bill Greenberg, president and CEO of Two Harbors, said in an interview.
Inman
FEBRUARY 8, 2024
The site started as an objective resource for renters and buyers moving to or living in New York City. Staff holds out hope for a sale this month.
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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.
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