Housing Wire
JUNE 29, 2023
loanDepot is accusing its competitor Movement Mortgage of damaging its business by hiring over 25 employees in three months and “effectively crippling” “now-depleted” branches. The poaching lawsuit, filed on June 22 at a federal district court in Delaware, states that South Carolina-based Movement recruited and hired its employees in late 2021 and early 2022 to take trade secrets and confidential information.
Real Estate News
JUNE 29, 2023
NAR's Pending Home Sales Index for May showed national declines but significant gains in the Northeast.
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Housing Wire
JUNE 29, 2023
Fannie Mae has issued a mortgage fraud alert for lenders in northern California, warning of heightened instances of misrepresented child support income in “numerous loans” that have been originated in the region over the past few months. The GSE highlighted four hallmarks of such a scheme. These include, “commonality of real estate agents involved in selling the subject properties; bank statements and canceled checks [which] are created to support falsified child support income; borrowers hav[in
Real Estate News
JUNE 29, 2023
The 30-year fixed-rate mortgage averaged 6.71% this week, snapping three straight weeks of declines.
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Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.
Housing Wire
JUNE 29, 2023
Most borrowers who had a mortgage forbearance in March 2021, including disproportionately impacted borrowers of color, were either current or closed as of March 2023. This is according to data released this week by the Consumer Financial Protection Bureau (CFPB) Office of Research. In the immediate aftermath of the COVID-19 coronavirus pandemic’s onset, the Coronavirus Aid, Relief, and Economic Security (CARES) Act passed in March 2020 allowed millions of U.S. mortgage borrowers to enter public
Keeping Current Matters
JUNE 29, 2023
Do you want to sell your house, but hesitate because you’re worried you won’t be able to find your next home in today’s market?
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Inman
JUNE 29, 2023
The number of new listings coming onto the market has plunged since June 2022, according to data released Thursday by Redfin. Transaction levels remain low even as home prices creep higher.
Housing Wire
JUNE 29, 2023
After holding steady month over month in April , pending home sales were back down again in May, dropping 2.7%, according to data released Thursday by the National Association of Realtors (NAR). Year over year, pending home sales were down 22.2%, a larger decrease than the 20.3% annual drop recorded in April. The NAR’s Pending Home Sales Index fell to a reading of 76.5 in May.
Inman
JUNE 29, 2023
Compass CEO Robert Reffkin revealed on CNBC how volatile mortgage rates are sidelining homesellers and why a boost in existing-home inventory could happen as early as December.
Housing Wire
JUNE 29, 2023
DocMagic , a provider of loan document generation and eMortgage services, announced this week the integration of its Total eClose platform with Finastra ‘s MortgagebotLOS solution. This integration aims to deliver an enhanced customer experience for mortgage borrowers while streamlining the closing process. “We’ve demonstrated the power of Total eClose through our integration with Finastra’s MortgagebotLOS, creating an innovative automation tool for every eClosing origina
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Inman
JUNE 29, 2023
Sales of pending homes declined 2.7 percent in May and were down 22.2 percent from a year ago, but the Northeast saw a 12.9 percent increase, according to new data from the National Association of Realtors.
Eye on Housing
JUNE 29, 2023
NAHB analysis of the Census Bureau’s quarterly state and local tax data shows that $174 billion in taxes were paid by property owners in the first quarter of 2023 (not seasonally adjusted).[1] In the four quarters ending Q1 2023, state and local governments collected $714 billion of property tax revenue. The year-over-year growth rate of property tax collections is more.
Inman
JUNE 29, 2023
Surprising GDP and jobs numbers have investors buying stocks and selling bonds over worries that Fed policymakers will continue hiking rates to combat inflation.
Sotheby's International Real Estate
JUNE 29, 2023
Mark Lowham and Daniel Heider – TTR Sotheby’s International Realty Luxury estates often feature water, an element that affords a sense of total relaxation and peacefulness. While conventional pools remain incredibly popular amenities, water features offer unique visual resplendence and musical rhythms. Here are four that span the spectrum from traditional to contemporary, and reimagine how water can be creatively incorporated into a residential property.
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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
JUNE 29, 2023
The agent with "an unmatched sales record" is moving to AKG | Christie's International Real Estate after a 32-year career with Berkshire Hathaway, according to the company.
RIS Media
JUNE 29, 2023
The National Association of REALTORS® (NAR) has been named in a controversial lawsuit accusing the association and current president Kenny Parcell of racial and sexual discrimination and sexual harassment. NAR’s former chief storyteller, Janelle Brevard, filed a lawsuit against the trade group on Tuesday, alleging that she was harassed and ultimately fired after ending a… The post NAR Responds to Lawsuit Accusations of Sexual and Racial Discrimination appeared first on RISMedia.
Inman
JUNE 29, 2023
In this week's new Inman Access classes, get insights and predictions on what the upcoming fall housing market may have in store and take a deep dive into how to avoid certain hiring pitfalls.
RIS Media
JUNE 29, 2023
The LGBTQ+ Real Estate Alliance has signed a Memorandum of Understanding (MOU) with the Greater Houston LGBT Chamber of Commerce. The Alliance signs this MOU in support of LGBTQ+ people who are enduring a variety of anti-LGBTQ+ bills, laws and rhetoric. This marks the Alliance’s first agreement with a regional LGBTQ+ Chamber of Commerce. The… The post LGBTQ+ Real Estate Alliance Stands Up to Hate in Houston appeared first on RISMedia.
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.
Inman
JUNE 29, 2023
If you were "born without an entrepreneurial bone" in your body, writes broker-owner Andrew Ellet, take heart. You can develop the skills and systems you need to grow your business.
RIS Media
JUNE 29, 2023
As a broker or sales manager, your entire future sales revenue depends upon creating valuable relationships with each of your sales associates. When your agents rely on you for more than making sure the lights work at the office or that admin tasks are getting done, they look to you as a business partner and… The post Highly Directive and Supportive Leadership Style Drives Agent Sales Success appeared first on RISMedia.
Inman
JUNE 29, 2023
Greater Tampa Realtors informed its members Tuesday that its president, Jay Quigley, had represented its CEO in a home purchase but wouldn't reveal the outcome of its investigation.
RIS Media
JUNE 29, 2023
Pending home sales dipped 2.7% in May, according to the latest data from the National Association of REALTORS® (NAR), as a resilient housing market is still trying to find an anchor this year, stretched between economic uncertainty and unwavering consumer demand. “The lack of housing inventory continues to prevent housing demand from being fully realized,”… The post Pending Sales Dip, With Inventory Scarce appeared first on RISMedia.
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.
Inman
JUNE 29, 2023
A new report from Apartment List shows that typical rents are now the same nationwide as they were a year ago. The slowdown follows a period of unprecedented rent growth and a runup in supply.
RIS Media
JUNE 29, 2023
The fate of a controversial lawsuit against eXp Realty and eXp World Holdings could hang in the balance as the real estate giant tries to quell accusations that it was complicit in the alleged sexual assaults of multiple female agents. A U.S. District Court judge will deliberate over a pair of motions filed by eXp… The post Critical Decision in eXp Sexual Assault Lawsuit Looms Amid Court Volleys appeared first on RISMedia.
Inman
JUNE 29, 2023
Grow your business and find your ideal clients when you put Instagram to work for you. Social media expert Michelle Berman-Mikel shows you how.
RIS Media
JUNE 29, 2023
After three weeks of declines, the 30-year fixed-rate mortgage (FRM) moved up modestly from last week’s average of 6.67% to an average of 6.71% this week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: 30-year fixed-rate mortgage averaged 6.71% as of June 29, 2023, up from… The post Mortgage Rates Move Up Modestly appeared first on RISMedia.
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Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.
Inman
JUNE 29, 2023
The spotlight shines on this leadership blend of a top luxury broker and an award-winning real estate marketing expert.
RIS Media
JUNE 29, 2023
Empower your agents to make data-driven decisions, impress clients with comprehensive market insights, and boost your brokerage’s name recognition. Stay ahead in this fast-paced industry with personalized, shareable content and up-to-date information. Don’t miss out on this game-changing tool for smarter decision-making and happier clients.
Inman
JUNE 29, 2023
Find out how LA's Elite Home Staging creates luxe interiors that not only get sold, but sell for top dollar. Chris Pollinger delves into their top staging strategies.
RIS Media
JUNE 29, 2023
The Long & Foster Companies, parent company of Long & Foster Real Estate, has announced that the Fairfax County-based business will move to a new modern facility located at 3975 Fair Ridge Drive in Fairfax, Virginia, in early July 2023. The relocation aligns with the company’s broader strategy to reimagine workspaces post-pandemic and beyond.
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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