Housing Wire

JUNE 5, 2024

The U.S. Department of Housing and Urban Development (HUD) this week announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured housing under a loan program sponsored by the Federal Housing Administration (FHA). The Manufactured Home Community loan product will “will help entities to preserve, stabilize, and revitalize these vital sources of affordable housing,” the department explained.

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Keeping Current Matters

JUNE 5, 2024

If you’ve been looking for a home at the high-end of your market, but haven’t found the right one, you may have put your search on hold.

Marketing 301

Marketing 301

Housing Wire

JUNE 5, 2024

A report released Wednesday by Realtor.com shows that a key measurement of U.S. home values is growing faster that the more commonly viewed metric of listing price. The analysis revealed that, across the 50 largest U.S. metro areas, price per square foot rose by 52.7% during the five-year period ending in May 2024. By comparison, the national median list price for a home jumped 37.5% during the same period to its current level of $442,500.

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Real Estate News

JUNE 5, 2024

CEO Brian Bair discusses the iBuyer’s push to expand agent programs and its strategy for success in a post-settlement future.

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Agents 252

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

JUNE 5, 2024

Leading reverse mortgage lender Finance of America (FOA) has undergone a round of layoffs that are impacting multiple levels of the organization, including retail and corporate leadership positions. The news was first reported by National Mortgage News. While FOA catapulted to the top spot in the reverse mortgage industry virtually overnight last year after closing on its acquisition of former industry leader American Advisors Group (AAG), the company has also wrestled with fiscal challenges, ac

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Real Estate News

JUNE 5, 2024

A new report from Realtor.com reveals a massive increase in price per square foot over the past five years.

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Inman

JUNE 5, 2024

In less than a week, a series of reports has changed the outlook for the timing and magnitude of future Fed rate cuts, sending mortgage rates into a five-day tailspin.

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Housing Wire

JUNE 5, 2024

Mortgage demand keeps on falling. Mortgage applications dropped 5.2% for the week ending May 31 compared to the prior week, according to the Mortgage Bankers Association (MBA), results that include an adjustment for the Memorial Day holiday. On an unadjusted basis, the MBA’s market composite index decreased 16% compared with the prior week as mortgage rates remain firmly above 7% and home prices continue to remain near record levels.

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Inman

JUNE 5, 2024

In bankruptcy court, the Huntsville, Alabama-based mortgage lender says it plans to repay creditors by claiming more than $20 million in tax credits and clawing back $1 million from warehouse lenders.

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Housing Wire

JUNE 5, 2024

Loan repurchases continue to trend downward at both Fannie Mae and Freddie Mac , but there appears to be a separation developing in loan-repurchase patterns — with Freddie reducing its loan buybacks at a faster clip than Fannie, according to recently released data and public filings. The volume of loan repurchases at both Fannie and Freddie is down significantly since the peak in the second quarter (Q2) of 2022, with the steepest volume decline occurring over the final six months of 2023 (the mo

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Loans Mortgages Industrial Principal 427

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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

JUNE 5, 2024

On May 30, for the first time in its 280-year history, Sotheby's London saleroom hosted an auction at which luxury real estate was exhibited. The headline auction item was a Hudson Valley castle.

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Housing Wire

JUNE 5, 2024

Top U.S. real estate brokerage Compass announced Wednesday that it has hired Hal Bennett, a high-producing agent based in the Seattle area. Bennett formerly worked with Redfin , where he was recognized by RealTrends among the top-producing agents in the state of Washington in 2023. Bennett ranked No. 16 in the state with 63 sides and was No. 17 with $47.7 million sales volume last year. ”At this stage, joining Compass, a company at the forefront of technology and agent support, makes sense for m

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Inman

JUNE 5, 2024

The Great Renovation is already in process. Author Bernice Ross and New Western's Kurt Carlton discuss how it can solve our inventory problems by breathing new life into America’s aging and abandoned vacant homes.

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Renovation Agents 169

Housing Wire

JUNE 5, 2024

Only 15 percent of U.S. adults believe the nation will be able to adequately care for its aging population , and nearly three-quarters (73%) of adults under the age of 65 are concerned that the Medicare program may not exist by the time they are able to qualify for it. This is according to survey results released this week by Gallup. In conjunction with health care nonprofit West Health , the organizations released their 2024 Survey on Aging in America report based on data compiled from both tra

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Finance 421

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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.

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Inman

JUNE 5, 2024

Located 50 miles from Manhattan in the town of Greenwood Lake, New York, Tiedemann Castle has seen $8 million in discounts since it was first listed in 2018.

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Housing Wire

JUNE 5, 2024

California -based mortgage lender loanDepot (LDI) has made two additions to its sales leadership team. On Wednesday, the company confirmed that Justin Andrews has been hired as the new area sales manager in the Seattle region. Andrews comes to loanDepot with 25 years of mortgage industry experience, including a recent stint as national director of branch partnerships at Movement Mortgage.

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Inman

JUNE 5, 2024

Tune in to Inman Access and dive into the importance of people skills, strategies to connect better with your clients, and how to become the person who everyone wants to work with.

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Bigger Pockets

JUNE 5, 2024

Mortgage porting allows you to transfer an existing mortgage from one property to another, with the same lender and the same terms, under certain conditions. Is this something investors should try?

Investor 128

Investor Mortgages 128

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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

RIS Media

JUNE 5, 2024

In May, median list prices showed an increase of 37.5% since May 2019, with inventory down 34.2% compared to typical levels between 2017 – 2019, according to a new realtor.com® housing report, with economists saying this indicates the market remains tilted toward sellers (and existing homeowners). “In addition to higher median list prices and fewer… The post Report: Seller’s Market Holding Strong Despite Inventory Influx appeared first on RISMedia.

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Inman

JUNE 5, 2024

Hal Bennett is based in the Seattle metro area. He joins Compass as brokerages continue to compete for top agent talent.

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RIS Media

JUNE 5, 2024

Above, Rhonda Chambal Rhonda Chambal President Irongate Inc. REALTORS® – A member of Leading Real Estate Companies of the World® Dayton, Ohio [link] Region served: Dayton metro area Years in real estate: 15 Number of agents: 300 Number of offices: 6 Favorite part of your job: Being able to determine the direction of the company… The post Learn, Train and Grow for a Post-Settlement Future appeared first on RISMedia.

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Inman

JUNE 5, 2024

Homeowners with at least a 5 percent mortgage rate are three times more likely to enter the market soon as those with a sub-3.5 percent rate, according to results from Inman-Dig Insights' latest consumer poll.

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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

Brownstoner

JUNE 5, 2024

"Delays are dangerous," the original builders cautioned house hunters when a newly constructed row on Garfield Place in Park Slope was put up for sale in 1890. Slow buyers might miss out on "a gem of a house" with fine wood trim throughout, the ads claimed. One of that row,… Read More > The post Park Slope Neo-Grec With Seven Mantels, Woodwork Asks $3.899 Million appeared first on Brownstoner.

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Construction Sales Marketing 111

RIS Media

JUNE 5, 2024

Mortgage applications continued their downward trend from last week, decreasing 5.2% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 31, 2024. This week’s results include an adjustment for the Memorial Day holiday. This week’s data: The Market Composite Index, a measure… The post Mortgage Applications Continue to Fall as Rates Rise appeared first on RISMedia.

Mortgages 122

Mortgages Marketing Industrial 122

Inman

JUNE 5, 2024

California-based proptech leader RealScout has become Leading Real Estate Companies of the World's newest Solutions Group program member, according to an announcement on Wednesday. LeadingRE member brokers who register for a new RealScout account through the LeadingRE platform by June 30 will receive a 20 percent discount, the company explained.

Technology 151

Technology Marketing 151

BAM Media

JUNE 5, 2024

Emotionally, shopping for a home is a mixed bag for most homebuyers—exciting, overwhelming, fun, stressful, satisfying, and draining. It’s one of those things you tend to be grateful for after the experience is finally over. And since talking to a lender is one of many conversations the buyer will have, it’s not surprising that over half of American homebuyers (54%) get only one lender offer.

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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

RIS Media

JUNE 5, 2024

Plaintiffs in the long-running mega-buyer commission cases are appealing the final approval of multiple settlement agreements in seller-side cases, after a judge ruled that those agreements would exclude many people who both bought and sold homes from pursuing their separate claims against big brokerages. According to filings in federal court, lawyers representing James Mullis—one of… The post Buyer Plaintiffs Appeal Seller Settlements, Seek to Undo Immunity appeared first on RISMedia.

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Marco Santarelli

JUNE 5, 2024

Florida's housing market has been a hot topic for years, and with good reason. The state has consistently attracted homebuyers seeking sunny skies and sandy beaches. But what's the current forecast? Is it smooth sailing or are there potential squalls ahead? Let's dive into the data. Is Florida Headed for a Housing Downturn? One report suggests caution.

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Marketing As-is Sales 105

RIS Media

JUNE 5, 2024

RE/MAX Chief Operating Officer and Chief of Staff Serene Smith resigned Monday, according to a company filing with federal regulators. She had been with the company since 2006, starting as senior manager of internal audit and progressing up to COO. She will continue with the company in a “non-executive part-time” role as a project manager.… The post RE/MAX COO Serene Smith Resigns; Position Will Not Be Filled appeared first on RISMedia.

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Sales Industrial Agents 116

Eye on Housing

JUNE 5, 2024

The Market Composite Index, a measure of mortgage loan application volume by Mortgage Bankers Association’s (MBA) weekly survey, has been hovering around 200 since October 2022 as higher mortgage rates and low resale inventory continue to hamper potential buyers. On a week-over-week change, total mortgage, purchasing, and refinancing activities decreased 5.2%, 4.4% and 6.

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Mortgages Loans Marketing 98

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.

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