Housing Wire
MAY 14, 2024
As the U.S. reaches its peak homebuying season, mortgage rates continue to ease week over week. HousingWire ’s Mortgage Rates Center showed the average 30-year fixed rate for conforming loans at 7.45% on Tuesday, below the rate of 7.51% one week ago. At the same time one year ago, the average rate was 6.54%.The 15-year conforming fixed rate averaged 6.75% on Tuesday, down from 6.77% one week earlier.
Real Estate News
MAY 14, 2024
The latest data points to some easing, but payments could hit a new peak later in the year. Regionally, payments are down in areas with rising inventory.
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Housing Wire
MAY 14, 2024
A report released this week by St. Louis-based Clever Real Estate found that recent homebuyers, as well as people who are considering a home purchase in the next year, are experiencing a laundry list of difficulties. Last month, Clever surveyed a total of 920 Americans about their views of the home purchase process and real estate agents. The respondents included 420 people who bought a home in 2023 or 2024, and another 500 who plan to do so in 2024 or 2025.
Real Estate News
MAY 14, 2024
Damian Eales told Real Estate News that he loves competition but takes issue with Homes.com’s traffic claims and says they have “disparaged” buyer agents.
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
MAY 14, 2024
Despite persistently high interest rates , big four title firm Fidelity National Financial recorded a much stronger start to 2024 than it did a year ago. In first-quarter 2024 , Fidelity reported total revenue of $3.299 billion, up from $2.474 billion a year ago. Its net earnings were $248 million, compared to a $59 million net loss in Q1 2023. The firm attributed its stronger results to better performance from both its F&G segment and its title insurance segment.
Real Estate News
MAY 14, 2024
The acquisition of Parks Real Estate and its 1,500 agents now makes Compass the biggest brokerage in the state.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Keeping Current Matters
MAY 14, 2024
Selling your house is a big decision.
Housing Wire
MAY 14, 2024
Dark Matter Technologies , formerly Black Knight Origination Technologies , named Vikas Rao as its deputy chief product officer, the company announced on Tuesday. In his new capacity, Rao will directly report to chief product officer Stephanie Durflinger. His responsibilities will include overseeing enhancements to the Empower loan origination system (LOS) and establishing Dark Matter’s developer community.
Inman
MAY 14, 2024
The changing real estate landscape and media misinformation are creating confusion for homesellers. Mega-team leader Carl Medford lays out the facts so that you can educate your clients.
Housing Wire
MAY 14, 2024
FinLocker , the St. Louis-based developer of a leading white-label financial fitness and homeownership platform, announced the closure of a $17 million Series B funding round on Tuesday. The investment from Radian Group and existing shareholders will enable FinLocker to introduce a suite of new features and tools designed to optimize the homebuying and homeownership experience.
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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
MAY 14, 2024
The NAR settlement shook the industry, but agents overwhelmingly told the Inman Intel Index they believe their brokerage has been an effective ally. It's a big win for brokerage training efforts.
Housing Wire
MAY 14, 2024
With a 90-day average median list price of $4.3 million , Santa Monica, California doesn’t seem like a place where one would expect to find many first-time homebuyers. But local real estate professionals would beg to differ. “Most of the demand is coming from first-time buyers,” Trevor Levin, a local agent with Los Angeles-based Nourmand & Associates , said.
Inman
MAY 14, 2024
Judge Stephen R. Bough said payouts and practice changes in NAR's deal, added to those in the Keller Williams, Anywhere and RE/MAX settlements, represent "substantial benefits" for sellers.
Housing Wire
MAY 14, 2024
Steve Resch, vice president of retirement strategies at leading reverse mortgage industry lender Finance of America , knows a lot about the intersection between the interests of financial planning professionals and reverse mortgage industry members. Financial planners have been, and remain, one of the most sought-after referral partnerships for reverse mortgage professionals to establish ties with.
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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
MAY 14, 2024
Stop worrying that AI will replace you, MoxiWorks' York Baur writes. Start learning to use technology to your advantage by automating low ROI tasks.
Housing Wire
MAY 14, 2024
Better Home & Finance Holding Co. , the parent of digital lender Better , strongly improved its mortgage production and revenues in the first three months of 2024. But expenses continued to increase and the company remained unprofitable during the period. Better posted a net loss of $51.5 million from January to March, up from a loss of $50.8 million in the previous quarter and down from a loss of $87.6 million in the same period last year, according to filings with the Securities and Exchan
Inman
MAY 14, 2024
The pre-sale renovation company's latest use of artificial intelligence could reduce subjectivity the next time a real estate agent prices a home or advises a client, Revive executives said Tuesday.
Housing Wire
MAY 14, 2024
Financial services company LERETA appointed Mitch Bledsoe to the position of chief technology officer, the company announced on Tuesday. Bledsoe joined LERETA in 2022 to serve as the senior vice president of enterprise technology. In his new role, Bledsoe will be responsible for the company’s technology innovation, design, infrastructure, application management and data service offerings.
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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
MAY 14, 2024
Take into account the way you like to work, your level of expertise and your desire for collaboration when considering the brokerage model that works best for you and your business.
Housing Wire
MAY 14, 2024
Atlas VMS , the appraisal and valuation company led by Erik Morin , announced this week the appointment of Joe Pravettone as chief appraiser. The company describes the hire as a “significant addition” to its leadership team. Pravettone began his valuation career roughly 25 years ago, starting as an independent fee appraiser and ultimately working for both national appraisal management companies (AMCs) and large financial institutions.
Inman
MAY 14, 2024
Powered by mortgage rates from Zillow Home Loans, BuyAbility tool could help listing portal's lending affiliate get a head start on other lenders it competes with for borrowers.
Housing Wire
MAY 14, 2024
Broker associate Marcus Skenderian is bringing his five-person Marcus Skenderian Real Estate Group back to Compass after spending three years at Coldwell Banker. As part of the move, Skenderian is also opening an office in Laguna Beach, California. The team serves coastal California communities such as Laguna Beach, Newport Beach, Corona Del Mar, Newport Coast, Crystal Cove, Dana Point and more.
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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
MAY 14, 2024
It is crucial to put together the right team to keep growth going strong in today's real estate world. Here's how The Agency's Tara Scholl-Gettles did it.
Housing Wire
MAY 14, 2024
It’s an election year, and housing affordability appears to be a big concern for voters. So, it’s not surprising to see the administration and members of Congress announcing big ticket legislative initiatives to boost homeownership – like a 1 st time homebuyer tax credit and the Neighborhood Investment Act to fix up older homes. The Community Home Lenders of America (CHLA) applauds these initiatives.
Inman
MAY 14, 2024
NAR announced the annual competition on Monday with an appeal for applications from startups seeking an opportunity to pitch themselves to investors, real estate pros and tech enthusiasts.
RIS Media
MAY 14, 2024
Bright MLS, which covers the mid-Atlantic regions of the eastern United States, has published its latest report chronicling changes (and continuity) in the region’s housing markets. The report suggests that despite new listings, rising mortgage rates and prices continue to exclude potential buyers–affordability is defined as the central concern for the real estate market. “More… The post Bright MLS Releases Latest Mid-Atlantic Housing Update appeared first on RISMedia.
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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
MAY 14, 2024
The mobile solution merges home shopping with mortgage, insurance, title search and escrow management to offer a comprehensive home transaction experience, among other features.
BAM Media
MAY 14, 2024
If your email subscribers are deleting more of your emails than they read (let alone click through), your emails could be too general. It might sound backwards, but the more you try to appeal to as many subscribers as possible—by making your focus so broad it could apply to almost anyone—the more your open rate tends to sink into oblivion. Imagine throwing flyers from a helicopter.
HomeLight
MAY 14, 2024
Are you looking to sell your Greeley home quickly and without the hassle of a traditional homee sale? We Buy Houses companies in Greeley might be your solution. These companies offer all-cash bids, often for homes that could use a touch-up or two. For homeowners who may not have the time, money, or ability to deal with repairs, this can mean receiving a cash offer in a matter of days and moving on with their lives.
BAM Media
MAY 14, 2024
NAR’s practice changes are coming August 17th, 2024—just over 90 days away. And we all know the buyer appointment is going to be more important than ever. The problem is a lot of agents don’t think about how they prep for showings. This preparation is going to be even more important moving forward, especially if are starting out with some type of property tour agreement.
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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