RIS Media
JULY 12, 2023
Home prices registered a record high in May, but inventory remains low and affordability continues to be out of reach, according to a new report from Black Knight. Black Knight’s latest Mortgage Monitor reported that the seasonally adjusted Black Knight Home Price Index (HPI) hit a new record high in May, with the pullback in… The post Home Prices Hit Record High in May appeared first on RISMedia.
Housing Wire
JULY 12, 2023
The CPI data released today shows the growth rate of inflation cooling off , and that’s good for mortgage rates. If inflation were running hot like in the 1970s, mortgage rates would have easily gotten to 8%-10% last year. The fact that the growth rate of inflation has been falling over the last few months is a positive story for mortgage rates over the long run.
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Real Estate News
JULY 12, 2023
T3 Sixty has sent an open letter to the real estate industry, urging everyone to take action now to get ahead of potential rulings in commissions lawsuits.
Housing Wire
JULY 12, 2023
United Wholesale Mortgage (UWM) on Wednesday announced two new home-affordability mortgage products designed to help underserved borrowers become homeowners. UWM, America’s top mortgage lender, is offering Special Purpose Credit Programs (SPCP) for Fannie Mae ‘s HomeReady and Freddie Mac ’s BorrowSmart Geo-Target programs. These offerings will be available in select metro areas including Detroit, Baltimore and Chicago for Freddie Mac’s BorrowSmart and Detroit, Baltimore, Chicago, Atl
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Real Estate News
JULY 12, 2023
The Consumer Federation of America suggests that new and less committed agents are bad for the industry and "deprive" their full-time peers of commissions.
Housing Wire
JULY 12, 2023
Three veteran sales executives at Movement Mortgage have parted ways with the South Carolina-based lender to join the competitor Summit Funding, sources told HousingWire. Deran Pennington, who spent the last 15 years at Movement and until June 2023 held a national sales director position, is joining Summit as a divisional leader in Charlotte. Pennington’s departure comes a few months after Brady Yeager , a mortgage executive with over 21 years in finance and mortgage lending roles, joined
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
JULY 12, 2023
You know what loan officers and real estate agents love almost as much as cashing a commission check? Complaining about other loan officers and real estate agents. And they have good reasons to do so. Talk to a top producer in either field and he or she will tell you: the biggest problem their respective industry faces is that there are far too many sloppy, inexperienced, yee-haw types who, I’m sorry, just shouldn’t be in this business!
Real Estate News
JULY 12, 2023
Mark Willis, who previously served as both president and CEO at KW, is rejoining the company to assist with its market center growth.
Housing Wire
JULY 12, 2023
As mortgage rates reached their 2023 peak , mortgage applications rose slightly but remained very low last week. For the week that ended July 7, mortgage applications rose 0.9% from the prior week , according to data from the Mortgage Bankers Association. “Incoming economic data continue to send mixed signals about the economy, with the overall impact leaving Treasury yields higher last week as markets expect that the Federal Reserve will need to hold rates higher for longer to slow inflation.
Keeping Current Matters
JULY 12, 2023
If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of selling it.
Advertiser: Trellis
Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.
Housing Wire
JULY 12, 2023
Purchase loans continue to claim a larger share of the origination pipeline as refinance opportunities dwindle, according to Black Knight ’s originations market monitor report. In June, purchase locks made up 88.4% of the month’s market mix, a record high. Purchase lock counts were down 31% year over year and 29% compared to pre-pandemic levels in 2019.
Inman
JULY 12, 2023
The deal raises the amount homeowners can exempt from the taxable value of their properties from $40,000 to $100,000, ensuring Texas will remain among the fastest growing states in the U.S.
Housing Wire
JULY 12, 2023
Mike Cagney’s Figure Technologies announced a collaboration with CMG Financial , CrossCountry Mortgage , Fairway Independent Mortgage and The Loan Store as private-label partners. The collaboration with several of the country’s top independent mortgage banks is aimed at getting Figure’s home equity line of credit ( HELOC ) products in front of homeowners who have seen equity grow in recent years.
Inman
JULY 12, 2023
A year and a half after Keller Williams legally blocked eXp World Holdings' attempt to recruit Mark Willis, the former KW CEO has returned to his roots in a new consulting role, Inman has learned.
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Housing Wire
JULY 12, 2023
BlackFin Group announced on Wednesday the appointment of Christopher Call as the principal consultant on the BlackFin Group Professional Services team. In this new role, Call will assume leadership of the expanding team. The professional services team primarily focuses on providing assistance to lenders and mortgage technology vendors in implementing new systems, conducting quality assurance testing, facilitating requirements gathering training, managing change, configuring systems, handling sys
Inman
JULY 12, 2023
The typical home value breached $350,000 for the first time in June, a new peak in typical values according to a report by Zillow. Redfin shows nearly 92 percent of homeowners have a mortgage rate below 6 percent.
Housing Wire
JULY 12, 2023
Inflation cooled significantly last month, representing arguably the most promising news for the housing industry since the Federal Reserve began instituting aggressive price control measures 16 months ago. But it’s just one report, and the Fed is likely to stay the course until signs point to a ‘break’ in the labor market, economists said.
Inman
JULY 12, 2023
Despite inventory hitting a 23-year low, the average Realtor ended last year on a solid note, according to the National Association of Realtors’ latest Member Profile survey, released Tuesday.
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.
Bigger Pockets
JULY 12, 2023
When a viral tweet showed that Airbnb revenue was falling across top markets, investors started getting nervous. But was the data real? Or is everything is just fine? Read the learn the full story.
Inman
JULY 12, 2023
The 120-agent brokerage will now gain access to LeadingRE's international network of 4,700 offices and 136,000 agents across 70 countries, plus the company's learning programs and marketing resources.
Maximum Exposure Real Estate
JULY 12, 2023
What is The Cost of Termite Inspections? When protecting your home from the destructive nature of termites, a termite inspection is a crucial step. Termite inspections help identify existing termite infestations or potential risks, allowing homeowners to take appropriate measures to safeguard their property. However, one common question is, “How much does a termite inspection […] The post Unveiling The Cost of a Termite Inspection appeared first on Maximum Real Estate Exposure.
Inman
JULY 12, 2023
Less than a year after becoming publicly available, tools like ChatGPT and DALL-E have inspired brokers to explore — and integrate — artificial intelligence, a rigorous process of trial and error, they told Intel.
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.
RIS Media
JULY 12, 2023
The downward trajectory of U.S. inflation has held firm as the latest Consumer Price Index (CPI) released this morning provided further evidence that the Federal Reserve’s efforts to get the economy back on track are working. The U.S. Bureau of Labor Statistics reported that the CPI hit 3% in June, down a percentage point from… The post U.S.
Inman
JULY 12, 2023
Foreclosures are still affecting a tiny slice of the nation's home inventory. Here are the markets where you're most likely to find one, according to a new report from Attom.
Fancy Pants Homes
JULY 12, 2023
In San Diego’s North County, in the affluent community of Rancho Santa Fe — best known for its luxurious homes, breathtaking landscapes, and overall exclusivity — lies a striking 2.86-acre compound that recently hit the market. Designed by locally renowned architect, Dena Gillispie, the sprawling compound sits on an elevated ocean view lot in Stonebridge (a gated, residential, and equestrian community located in westernmost Rancho Santa Fe that was developed in the 1980s and 19
Inman
JULY 12, 2023
Housing costs were again the largest contributor to inflation, accounting for more than 70 percent of the annual increase of the Consumer Price Index, according to new Bureau of Labor Statistics data.
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Brownstoner
JULY 12, 2023
A phoenix rises at the intersection of Flatbush Avenue Extension and DeKalb Avenue: After a false start and a change of operators, the formerly magnificent but long-defunct Brooklyn Paramount Theatre in Fort Greene is being revamped by the world's largest live entertainment company and will reopen in 2024 as a… Read More > The post Brooklyn’s Once Opulent Paramount Theatre to Be Restored by Global Entertainment Giant appeared first on Brownstoner.
Inman
JULY 12, 2023
The first phase of the luxury brand's new website design includes new video assets, imagery and informative pages that are adaptable by location, including new currency and property measurement options, the brokerage exclusively told Inman.
RIS Media
JULY 12, 2023
Editor’s Note: Social Skills is a bi-monthly feature in RISMedia’s Daily News focused on social media and digital marketing tips, trends and solutions for agents and brokers. In the wake of Elon Musk buying Twitter and making some highly unloved changes, Instagram has dropped their new app Threads to compete with the seemingly downfalling platform.… The post Social Skills: What Is Instagram’s New Threads App All About?
Inman
JULY 12, 2023
Rather than being replaced by artificial intelligence, the real estate agent of the future will have fewer rote tasks to perform, Cat Allday, AppFolio's vice president of AI and product operations, tells Intel.
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.
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