Housing Wire
FEBRUARY 2, 2024
Redfin is back to offering refunds to homebuyers but this time under a new name. Launched on Thursday, the brokerage’s Sign & Save program provides buyers who sign up to work with a Redfin agent before their second home tour — and who purchase a property with that agent within 180 days of signing the agreement — a refund of 0.25% to 0.5% of the purchase price of the house.
Real Estate News
FEBRUARY 2, 2024
The new “Sign & Save” program offers buyers a rebate if they sign a buyer agreement with Redfin and go under contract on a home within six months.
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Housing Wire
FEBRUARY 2, 2024
The Federal Housing Administration (FHA) on Friday announced that it has published a new final rule that eliminates a current requirement for lenders to register the branch offices where they conduct FHA Title I or Title II mortgage loan originations. By removing these requirements, FHA hopes to involve more community-based entities in its Title I and II programs, including smaller loan originators and credit unions, the agency explained.
Keeping Current Matters
FEBRUARY 2, 2024
Headlines saying foreclosures are rising might make you feel uneasy. But the truth is, there’s no need to worry.
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 2, 2024
Fairway Independent Mortgage Corp. , the nation’s ninth-largest mortgage originator, announced Friday that it would be closing its wholesale channel and pivoting entirely to retail. “The people who have run Fairway’s Wholesale Department are some of the most talented, humble people in the business and will be a huge value add at their next mortgage home,” Fairway CEO and founder Steve Jacobson said in a statement.
Real Estate News
FEBRUARY 2, 2024
“We’re trying to be an example of what an association can do,” says René Galvan, who will take over for Bob Hale as CEO in 2026.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
FEBRUARY 2, 2024
Zillow unveils app for Apple's Vision Pro; Perchwell offers REBNY RESO-compliant data solution; CoreLogic launches security platform; Lofty adds AI assistant.
Housing Wire
FEBRUARY 2, 2024
Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates higher today. Now, we do have some quirky seasonality issues with this report, but as I have often stressed, don’t look at one to two positive or negative job reports; take the longer-term trend.
Real Estate News
FEBRUARY 2, 2024
Sellers are still seeing near-record-high profits, but this was the first year-over-year decline in 12 years.
Housing Wire
FEBRUARY 2, 2024
With ongoing liquidity challenges and a continuing lag in Home Equity Conversion Mortgage (HECM) case numbers, reverse mortgage business in 2024 started off with a bit of a whimper. Both HECM endorsements and HECM-backed securities (HMBS) issuance saw modest declines in January, although four of the top 10 HECM lenders managed to post slight gains for the month.
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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.
Inman
FEBRUARY 2, 2024
Strategic migration, low inventory and a demand for larger spaces have also contributed to rising luxury prices, agents told Inman, depending on the specific market.
Housing Wire
FEBRUARY 2, 2024
The U.S. economy added significantly more jobs than expected during the first month of the year. Jobs increased by 353,000 in January, up from a revised rate of 333,000 in December , according to data released by the Bureau of Labor Statis tics on Friday. January’s reading far exceeded the monthly average of 255,000 new jobs per month in 2023. Meanwhile, the national unemployment rate remained unchanged for the third month in a row at 3.7% while the number of unemployed Americans also showed lit
Inman
FEBRUARY 2, 2024
Zillow Immerse is the latest in a series of software releases from the home search leader as it moves toward an agent services model, collectively referred to as its “super app.
Housing Wire
FEBRUARY 2, 2024
In a high-rate environment, Pennymac Financial Services delivered profits in 2023, mainly due to the performance of its servicing portfolio. That’s despite a net loss in the last quarter of the year attributable to the resolution of a long-standing arbitration process with Black Knight regarding its servicing technology and losses in mortgage servicing rights (MSR) fair value. “2023 was one of the more challenging origination markets in recent history, with industry volumes down appr
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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.
Inman
FEBRUARY 2, 2024
German search engine optimization (SEO) platform SISTRIX ranked portal Homes.com No. 43 on a list of fastest-growing domains in the U.S. The company has been ranking domains for 15 years.
Housing Wire
FEBRUARY 2, 2024
Real estate brokerage eXp Realty has entered into an affiliated business agreement with Orlando, Florida -based title fi r m Citrus Closing Group , according to an announcement on Thursday. “We are thrilled about the prospects of our exciting new partnership with eXp Realty, anticipating a wealth of opportunities and collaborative success ahead,” Jeremy Webb, the president of Citrus Closing Group, said in a statement.
Inman
FEBRUARY 2, 2024
Active and new listings experienced single-digit increases for the third consecutive month in January, according to Realtor.com's latest market report. The boost in listings also brought buyers out, leading to a four-day decrease in the median days on market.
Bigger Pockets
FEBRUARY 2, 2024
Over the next four years, commercial debt bills will total a whopping $2.8 trillion many of which are balloon payments. It's led to the steepest drop in commercial asset valuations in recent history and created tremendous anxiety amongst investors. Where does the market go from here?
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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.
Inman
FEBRUARY 2, 2024
Trainer Bernice Ross talks to popular TikTok credit expert Alisa Glutz to find out how you and your clients can optimize the potential of a credit profile for lower interest rates and better scores.
Bigger Pockets
FEBRUARY 2, 2024
A recent poll showed 60% of Americans are scared of the word "budget," so they wind up doing nothing at all. You don't have to budget, but you do have to track. Here's how.
Inman
FEBRUARY 2, 2024
Employers added 353,000 workers to their payrolls in January, a "head scratching" jobs report from the Labor Department that kills prospects for a March rate cut "stone dead," economist says
RIS Media
FEBRUARY 2, 2024
The latest Survey of Consumers from the University of Michigan finds that consumer sentiment in January remains relatively rosy, suggesting optimism about the economy as the new year gets underway. The Index of Consumer Sentiment, calculated by surveying consumers, currently sits at 79, a substantial increase both month-over-month (69.7 in December 2023) and year-over-year (64.9… The post Consumer Sentiment Continues to Gain Momentum appeared first on RISMedia.
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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.
Inman
FEBRUARY 2, 2024
Rosen's team includes seven additional real estate agents and one administrator, according to an announcement. Their move to SERHANT. comes as brokerages battle over top talent.
Eye on Housing
FEBRUARY 2, 2024
The U.S. economy entered the new year with a strong gain in payroll employment and an unchanged unemployment rate. Job gains in November and December were much stronger than initially estimated, according to revisions of the establishment survey data. January’s jobs report shows that the job market remains unexpectedly strong despite the impact of the highest interest rates in two.
Inman
FEBRUARY 2, 2024
In his latest Snapshot profile, Brandon Doyle looks at Nathan Brennan's impact on the real estate industry through AI and computer vision and how technological innovation can revolutionize industries.
RIS Media
FEBRUARY 2, 2024
Job growth was unexpectedly strong in January, with companies adding workers at the robust pace of 353,000 last month, another data report pointing to the strength of the U.S. economy. The latest data, issued Friday by the U.S Bureau of Labor Statistics landed well above the 255,000 monthly average for 2023, which was higher due… The post U.S.
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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.
Inman
FEBRUARY 2, 2024
A roofing technology company called Roofer has landed a $7.5 million seed investment to advance its computer vision-based roof analysis solution.
RIS Media
FEBRUARY 2, 2024
Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. –A potentially landmark Supreme Court case is scheduled for oral arguments later this month, focused on a requirement that lenders pay interest on homeowner escrow accounts. A ruling in the case, which won’t be for… The post MORTGAGE MIX: Supreme Court Schedules Major Mortgage Case; Fed Shaky on Rate Cuts appeared first on RISMedia.
Inman
FEBRUARY 2, 2024
The new "Sign and Save" program promises homebuyers a refund of 0.25 percent to 0.5 percent for signing a buyer agency agreement.
Realty Biz
FEBRUARY 2, 2024
Selling a fire-damaged house can be a challenging process. It's crucial to assess the extent of the damage and decide whether to sell the property as-is or make necessary repairs. Timing the sale is also important, ensuring the safety of potential buyers. Hiring an experienced real estate agent who has dealt with selling stigmatized properties can simplify the process and attract potential buyers.
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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