Housing Wire

SEPTEMBER 15, 2023

Buyers facing high mortgage rates are pulling out of their home-purchase agreements at the highest rate in nearly a year. Nearly 60,000 home-purchase agreements were canceled nationwide in August, equal to 15.7% of homes that went under contract that month, according to a new report from Redfin. That rate is up from 14.3% in August 2022 and marks the highest percentage since October 2022, when mortgage rates surpassed 7% for the first time in two decades.

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Purchase and sale agreement Mortgages Closing costs Sales 419

Real Estate News

SEPTEMBER 15, 2023

They've structured the brokerage to avoid silos, which makes Real's rev share model better for agents and teams, says Sharran Srivatsaa.

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Brokerage Agents 304

Housing Wire

SEPTEMBER 15, 2023

Our way of honoring first responders is by educating our podcast listeners, readers and coaching clients in the real estate industry about how to help those who helped all of us and are still being of service every day. We all owe a debt of gratitude to those who have our backs in times of need. One of the best ways to help first responders is to be of service yourself, as a professional real estate advisor.

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VA loan Loans Mortgages Closing costs 418

Real Estate News

SEPTEMBER 15, 2023

Canceled deals impacted nearly 16% of homes under contract in August as elevated interest rates and home prices led to sticker shock for some buyers.

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Mortgages 298

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Agents

Housing Wire

SEPTEMBER 15, 2023

The U.S. government is seeking to sell $13 billion worth of mortgage bonds amassed after the failures of both Silicon Valley Bank (SVB) and Signature Bank earlier this year. First reported this week by Bloomberg News , the bonds in question are part of $114 billion in assets the Federal Deposit Insurance Corporation (FDIC) recovered when it assumed control over both banks earlier in the year.

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Banks Mortgages Loans Investor 415

Real Estate News

SEPTEMBER 15, 2023

Nestfully, a consumer home search site launched earlier this year by the country's two largest MLSs, expands coverage with new listings.

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MLS 249

Real Estate News

SEPTEMBER 15, 2023

Current CEO Sven Odia will shift to the role of president as he supports Jawed Barna's transition in November.

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Housing Wire

SEPTEMBER 15, 2023

Dark Matter Technologies , formerly Black Knight Origination Technologies, has rebranded after being acquired by the Perseus Operating Group of Constellation Software Inc. The company’s mission is to “revolutionize the mortgage origination business by supporting, growing and aggressively innovating new and existing products, including the popular AIVA artificial intelligence solution and the comprehensive Empower loan origination platform,” Rich Gagliano, Dark Matter Technologies’ CEO, said in

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Technology Sales Loans Mortgages 406

Inman

SEPTEMBER 15, 2023

The new tool comes during a year of heightened interest in artificial intelligence. It'll help agents write listing descriptions, craft social media posts and more.

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Marketing Agents Technology Brokerage 190

Housing Wire

SEPTEMBER 15, 2023

Guaranteed Rate Affinity has initiated legal action against former loan originators, accusing them of breaching contracts by failing to pay back advanced signing bonuses and commissions after they left the company. Two anonymous sources told HousingWire that multiple former employees have received demands from the company to return their compensation.

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Loan Officer Loans Lending Mortgages 403

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.

Loans

Inman

SEPTEMBER 15, 2023

To satisfy antitrust regulators, ICE divests itself of Black Knight's loan origination and mortgage pricing businesses, but gets access to mortgage loan servicers and MLSs in $11.9 billion merger.

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Loans Mortgages Technology Industrial 175

Housing Wire

SEPTEMBER 15, 2023

Snapdocs , a leading digital closing provider for the mortgage industry, announced the promotion of Michael Sachdev from president to chief executive officer. Sachdev succeeds Snapdocs founder Aaron King , who will take on the role of executive chairman. As CEO, Sachdev will oversee all company operations and business strategy, with input and oversight from the company’s board, the company said Thursday.

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Technology Industrial Closing Mortgages 398

Inman

SEPTEMBER 15, 2023

Millionaire Australian developer Tim Gurner deactivated his LinkedIn account after apologizing for a speech suggesting that higher unemployment would better keep workers "in check".

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Development 169

Housing Wire

SEPTEMBER 15, 2023

Today is the 15th anniversary of the collapse of Lehman Brothers. The great financial crisis (GFC) revealed a defective supply chain, metrics unable to assess local risk and markets incapable of answering Ben Bernanke ’s defining question – “what’s this stuff worth?” The requirements of a Digital Housing Platform were well understood long before the crisis.

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Commercial Technology Investor Title 388

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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.

Sales

Inman

SEPTEMBER 15, 2023

The Central Park Tower penthouse, developed by Extell and Shanghai Municipal Investment, initially asked $250 million. The property is currently the tallest residence in the world.

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Development 164

Housing Wire

SEPTEMBER 15, 2023

Insurance executive Jawed Barna will succeed Sven Odia as the CEO of international luxury real estate brokerage Engel & Völkers , the company announced Thursday. Odia, who led the Hamburg-based company for nine years, has stepped down from the management board and will assume the newly created role of president. Barna most recently served as deputy CEO at Zurich Insurance Group Germany , where he has worked since 2005. “We are excited to welcome Jawed Barna as a strong leader with a pr

Brokerage 382

Brokerage Branding Equity Agents 382

Inman

SEPTEMBER 15, 2023

In their new book, WAV Group's George Slusser and Victor Lund outline the acceleration of mergers and acquisitions as a growth strategy and offer a roadmap for successful mergers.

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Brokerage Agents 155

Housing Wire

SEPTEMBER 15, 2023

Mortgage tech firm Blend Labs has launched its first AI-powered chat tool, which it says will allow loan officers to be more efficient and offer a far more personalized touch for prospective borrowers. The AI-powered assistant ‘ Copilot ’ executes precise tasks and assists borrowers in giving timely answers to borrower questions on behalf of loan originators, Nima Ghamsari, Blend’s co-founder and CEO, said in an interview with HousingWire on Friday.

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Loan Officer Loans Banks Mortgages 381

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

SEPTEMBER 15, 2023

The luxury real estate CEO will be joining Season 32 alongside other stars like actor Alyson Hannigan and musician Jason Mraz beginning on Sept. 26 on ABC and Disney+.

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Agents 147

Eye on Housing

SEPTEMBER 15, 2023

Over the first seven months of 2023, the total number of single-family permits issued year-to-date (YTD) nationwide reached 527,158. On a year-over-year (YoY) basis, this is 18.4% below the July 2022 level of 645,877. Year-to-date ending in July, single-family permits declined in all four regions. The Northeast posted the lowest decline of 12.1%, while the West region reported the steepest.

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Construction Marketing 142

Inman

SEPTEMBER 15, 2023

This week, Sue "Pinky" Benson shares her insights into creating more relevant, engaging content for your Instagram followers.

Marketing 158

Marketing Agents 158

RIS Media

SEPTEMBER 15, 2023

Eva Angelina Romero Broker/Owner CENTURY 21 Capital Properties Nashville, Tennessee Regions served: Davidson, Williamson, Wilson and Rutherford Counties Years in real estate: 20 Number of offices: 1 Number of agents: 8 What initially drew you to real estate? I went through a major life change, and I needed income. When I got my first closing,… The post Championing Homeownership in the Hispanic Community appeared first on RISMedia.

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Closing Agents Industrial 122

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

SEPTEMBER 15, 2023

With Inman Top 5, you'll find the most essential stories, chosen by our readers. Here are the most-read stores of Sept. 8-14, 2023.

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Agents 153

RIS Media

SEPTEMBER 15, 2023

As a real estate professional, helping clients find what they’re looking for always begins with questions. Some clients have a very specific vision, while others are open to a range of options. Regardless of where the client is in the home-buying or -selling process, it’s the agent who needs to guide them and spend ample… The post Digging Deeper Pays Off in Real Estate appeared first on RISMedia.

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Agents As-is Industrial 120

Inman

SEPTEMBER 15, 2023

The former No. 1 Engel & Völkers Americas agent tells Inman how real estate professionals can build top businesses by targeting a niche.

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Construction Agents New Construction 148

RIS Media

SEPTEMBER 15, 2023

There’s no market without buyers, but that doesn’t mean that buying a home is easy for them. Two new surveys from the National Association of REALTORS® (NAR) aim to identify the main barriers homebuyers face in becoming homeowners: 2023 Experiences & Barriers of Prospective Home Buyers Across Races/Ethnicities (conducted online via Morning Consult) surveyed White,… The post NAR Reports Identify Barriers to Homeownership appeared first on RISMedia.

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Marketing MLS Loans Industrial 117

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Agents

Inman

SEPTEMBER 15, 2023

Robert Kiyosaki's social media post was the latest viral prediction about the short-term rental giant. Will this be the one that comes true, or is it another hoax?

Marketing 133

Marketing 133

RIS Media

SEPTEMBER 15, 2023

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. After a brief dip last week, mortgage rates rose again this week, according to Freddie Mac’s latest Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 7.18%, while the 15-year fixed-rate mortgage averaged 6.51%.

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Fixed-rate mortgage Mortgages Industrial As-is 114

HomeLight

SEPTEMBER 15, 2023

House flipping may sound like a fun, easy way to make fast money on a real estate investment, but flipping a house isn’t as simple as it seems on TV. Buying, remodeling, and selling a home in a short time (and turning a profit in the process) is a big undertaking even for the most savvy of home flippers. Luckily, you don’t need to tackle this task alone.

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House Flipping Agents Staging Investor 113

Calculated Risk Real Estate

SEPTEMBER 15, 2023

Note: The National Association of Realtors (NAR) is scheduled to release August existing home sales next week on Thursday, September 21st, at 10:00 AM ET. The consensus is the NAR will report sales of 4.10 million SAAR, up from 4.07 million in July. This is the third look at local markets in August. I’m tracking a sample of about 40 local housing markets in the US.

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Marketing Closing Sales Mortgages 112

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