Housing Wire

FEBRUARY 23, 2024

We got a great existing home sales report on Thursday, but is this data already too old? Existing home sales showed a jump in sales, which was anticipated by most as we had positive, forward-looking housing data due to mortgage rates falling from 8.03% to 6.63%. However, the last four weeks have had negative trending data. This is nothing dramatic, but similar to what we saw in 2023 when mortgage rates rose from 5.99% up to 7.25%.

Sales 473

Sales Days on market Mortgages Investor 473

Real Estate News

FEBRUARY 23, 2024

Losses rose as revenue, U.S. agent count dropped. After a leadership shakeup, CEO Erik Carlson said having "the right people" is "vital to our future success.

Agents 242

Agents As-is 242

Housing Wire

FEBRUARY 23, 2024

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation between unemployment and delinquency rates, some homeownership costs — including insurance — have increased significantly over the past two or three years, which has had a strong financial impact on homeowners.

Industrial 458

Industrial Closing FHA loan Loans 458

Inman

FEBRUARY 23, 2024

Consumer watchdog CFA hails federal agency's proposal to ban sellers from making compensation offers as a "major watershed" in promoting more competition in real estate.

MLS 199

MLS Brokerage 199

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Agents

Housing Wire

FEBRUARY 23, 2024

The gap between Black and white renter families that could afford a mortgage narrowed significantly during the COVID-19 pandemic, according to a Zillow report released Friday. About 7.8% of Black renter families earned enough income in 2022 to afford a mortgage with a 3% down payment, compared to 12.5% of white families that year — representing a gap of 4.7 percentage points.

Mortgages 448

Mortgages Lending Equity 448

Inman

FEBRUARY 23, 2024

Zillow announced in a February 21 press release that the AI-driven marketing stack for listing agents, Listing Showcase, sold under the ShowingTime+ brand is now ready for primetime.

Branding 176

Branding Agents Marketing Technology 176

Inman

FEBRUARY 23, 2024

New Inman contributor Milena Monet writes that happiness is not just a destination but a continuous pursuit fueled by meaningful connections, personal growth and purposeful actions.

Brokerage 172

Brokerage Agents 172

Housing Wire

FEBRUARY 23, 2024

Rocket Companies , the parent of Rocket Mortgage , lost money in 2023 , but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting a GAAP net loss of $390 million in 2023, investors seem to be sold on the company’s path towards Rocket’s “AI-fueled homeownership strategy,” a phrase repeatedly used by executives in a fourth-quarter earnings call on Thursday.

Equity 421

Equity Bankruptcy Loans Mortgages 421

Inman

FEBRUARY 23, 2024

The additional boost to 2024 home sales might come at the expense of slightly slower growth next year due to elevated mortgage rates, forecasters said.

Sales 188

Sales Mortgages Marketing 188

Housing Wire

FEBRUARY 23, 2024

Roughly 24 hours after filing an objection to the U.S. government’s motion to stop the gathering of evidence in a case against Ginnie Mae , Texas Capital Bank (TCB) responded to the government’s attempt to dismiss the entirety of the bank’s complaint. The case stems from Ginnie Mae’s extinguishment of Reverse Mortgage Funding (RMF) from its reverse mortgage-backed securities program.

Banks 410

Banks Bankruptcy Lending Finance 410

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Loans

Inman

FEBRUARY 23, 2024

If you know you should be creating video for marketing, but you're out of ideas, Jimmy Burgess offers plenty of strategies that are working now.

Marketing 190

Marketing Agents 190

Housing Wire

FEBRUARY 23, 2024

Less than 24 hours after announcing Nick Bailey’s departure from the firm, RE/MAX executives found themselves on a call with investors and analysts to discuss the company’s fourth-quarter and full year 2023 earnings. In his opening remarks, Erik Carlson, who was named CEO of RE/MAX Holdings in November, mentioned the promotions of Amy Lessinger , who is replacing Bailey as RE/MAX president, Abby Lee and Susie Winders, but he made no mention of Bailey other than to note his departure.

Agents 410

Agents Brokerage Branding Investor 410

Inman

FEBRUARY 23, 2024

No stranger to making headlines, here’s what founder and CEO Mauricio Umansky has been up to since Season 1 wrapped and what to expect this season.

Agents 183

Agents 183

Housing Wire

FEBRUARY 23, 2024

Revenue rose at eXp World Holdings during the fourth quarter of 2023, but the firm was unable to overcome a slow housing market, resulting in a $21 million loss and slower agent count growth. Revenue at the parent company of eXp Realty was up 5% year-over-year to $983 million during the fourth quarter of 2023, executives disclosed on Thursday. For the full year of 2023, revenue reached $4.28 billion.

Agents 410

Agents Principal Residential Sales 410

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Sales

Inman

FEBRUARY 23, 2024

Guttentag "remained sharp to the end” and continued researching and writing about mortgages until passing away peacefully on Feb. 6.

Mortgages 186

Mortgages Industrial 186

Housing Wire

FEBRUARY 23, 2024

Middle-income Americans who are 75 and older are at serious risk of a retirement crisis, according to a new research brief from the National Opinion Research Center (NORC) at the University of Chicago. “Our cumulative research has projected an impending crisis without a clear policy solution: a majority of middle-income older adults will be unlikely to afford needed care and housing in the next decade, potentially challenging their ability to age with dignity , choice, and independence,” the res

Finance 410

Finance As-is 410

Inman

FEBRUARY 23, 2024

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Brokerage 182

Brokerage Agents 182

Housing Wire

FEBRUARY 23, 2024

For many real estate agents, a logical step on their path of professional development is becoming a real estate broker, then working as either a managing broker or a broker-owner. However, unlike other industries where promotion to the management level is generally tied to additional income, some brokers find themselves struggling to perform at the same financial level as their most successful agents.

Brokerage 405

Brokerage Development Property Management Title 405

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.

Agents

Inman

FEBRUARY 23, 2024

Advocates had hoped to quadruple the tax buyers pay on residential and commercial real estate purchases if voters approved the measure next month.

Commercial 168

Commercial Residential Agents 168

NAR: Economic Outlook

FEBRUARY 23, 2024

The Share of All Cash Buyers Highest Since 2014 at 32% Since October 2022, all-cash home buyers who did not finance their recent home purchase have been more than one-quarter of the real estate market.

Finance 135

Finance Marketing 135

Inman

FEBRUARY 23, 2024

Real estate coach Bernice Ross shares top insights about the future of AI from MIT professor Dr. R. David Edelman from ICNY 2024.

Technology 179

Technology Agents 179

Eye on Housing

FEBRUARY 23, 2024

With home building volumes lower, labor shortages have eased considerably since record levels set in 2021 but remain relatively widespread in a historic context, according to results from the latest NAHB/Well Fargo Housing Market Index (HMI) survey. The February 2024 HMI survey asked builders about shortages in 16 specific trades. The percentage of builders reporting a shortage (either some or.

Marketing 124

Marketing 124

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.

Agents

Inman

FEBRUARY 23, 2024

As many as 15,000 members of St. Louis-based MARIS will have access to ApplyLink, RentSpree's solution for slow lease transactions, dated lead capture, conversion tactics and rental workflows.

MLS 132

MLS Technology 132

RIS Media

FEBRUARY 23, 2024

Rocket Companies stated that they are increasing their focus on technology and AI as they continue to thrive amidst mortgage and housing market challenges. 2023 had some ups and downs for the company, like many others. Despite the lawsuit filed against the company for an alleged violation of the Telephone Consumer Protection Act and a… The post Rocket Mortgage Focuses on AI as Earnings Continue to Grow appeared first on RISMedia.

Mortgages 124

Mortgages Technology Marketing Industrial 124

Seattle Times Real Estate

FEBRUARY 23, 2024

State lawmakers are considering legislation to encourage micro-housing with shared common spaces, denser housing near transit, and conversions of office buildings into homes.

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123

RIS Media

FEBRUARY 23, 2024

Since jumping into real estate, Heather McColaugh has taken the industry by storm. After years of managing her career in pharmaceutical sales and caring for her three adopted children, McColaugh realized that something needed to change. “I had absolutely no control over my day, and no bandwidth,” says McColaugh, the 2023 Midwest Regional Rookie of… The post VIDEO: Midwest Regional Rookie of the Year on First-Year Success in a Challenging Market appeared first on RISMedia.

Marketing 122

Marketing Industrial Sales Agents 122

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Agents

Seattle Times Real Estate

FEBRUARY 23, 2024

A record number of Washington state pharmacies shut down last year, driven by the string of Bartell Drugs and Rite Aid closures in the Seattle area.

Closing 129

Closing 129

RIS Media

FEBRUARY 23, 2024

Last year was filled with pressing difficulties in the real estate realm—throughout the United States and beyond—although virtual brokerage eXp was able to increase its Q4 revenue by 5%, a notable jump compared to the same period in 2022, amounting to $983 million year-over-year. Full-year revenue amassed $4.28 billion. It’s worth highlighting, however, that the… The post eXp Posts Profitable Q4, Positioned to Capitalize on Future Growth Opportunities appeared first on RISMedia.

Brokerage 120

Brokerage Industrial Marketing 120

Eye on Housing

FEBRUARY 23, 2024

Following a cycle low in December, existing home sales rose to a 5-month high to start the year, according to the National Association of Realtors (NAR). Low resale inventory and strong demand continued to drive up existing home prices, marking the seventh consecutive month of year-over-year median sales price increase. It is also the first time in 14 months that.

Sales 110

Sales Mortgages 110

RIS Media

FEBRUARY 23, 2024

Steven James (right) on set at NY1 for an interview. VITALS: BHHS New York Properties’ New York City Years in business: Since 2018 Size: 1 office, 120 agents Regions Served: New York City (all five boroughs) 2022 Sales Volume: Just over $200M 2022 Transactions: 121 The story of the career of Steven L. James, president… The post Power Broker Insights: Making It Big in NYC appeared first on RISMedia.

Agents 118

Agents Sales Industrial 118

Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty

The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.

Sales