Housing Wire

JUNE 15, 2023

​​The Federal Reserve ‘s (Fed) interest rate hike pause will give the housing industry a cautious sigh of relief, but observers are already nervous that the rate-induced pain train won’t come to a complete stop for a while longer and volatility will remain. The Fed’s updated economic projections showed that central bankers forecast that inflation could finish 2023 at 3.2% up from March’s projection at 3.3%; core PCE inflation at 3.9% after stripping out food and fuel prices, an

As-is 384

As-is Industrial Fixed-rate mortgage Mortgages 384

Real Estate News

JUNE 15, 2023

A Redfin report found that nearly 60% of homeowners with mortgages have lived in their home for 4 years or less, and almost all have low interest rates.

Mortgages 249

Mortgages 249

Housing Wire

JUNE 15, 2023

According to a study by Ernst & Young, there is one trait that is shared by 94% of women who hold C-suite level positions. PepsiCO CEO Indra Nooyi has it. So does former Hewlitt-Packard CEO Meg Whitman. Elevance Health CEO Gail Koziara Boudreaux and Sheex CEO Michelle Marciniak possess it as well. So, what is this trait? These women are all former athletes.

Development 370

Development Loan Officer Lending Branding 370

Real Estate News

JUNE 15, 2023

The 30-year fixed-rate mortgage averaged 6.69% this week in the Freddie Mac Survey, down just a hair from last week’s 6.71%.

Fixed-rate mortgage 252

Fixed-rate mortgage Mortgages 252

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Agents

Housing Wire

JUNE 15, 2023

The Consumer Financial Protection Bureau (CFPB) will look for ways to streamline and simplify mortgage servicing rules in the months ahead following public comment on how to reduce risks for borrowers having trouble with their mortgage payments, according to a blog post from CFPB Director Rohit Chopra. Chopra noted in the post the importance of mortgage servicing rules to the ability for borrowers to keep up with their loans — despite servicers being chosen by the lender and not the borrower, he

Mortgages 370

Mortgages Loans As-is 370

Keeping Current Matters

JUNE 15, 2023

If you're thinking about buying or selling a house, it's important to know that it doesn't just affect your life, but also your community.

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Inman

JUNE 15, 2023

New listings dropped 23 percent year over year, pulling the number of homes on the market down 39 percent compared to the same period five years ago, according to an analysis by Redfin issued Thursday.

Sales 151

Sales Marketing Mortgages 151

Housing Wire

JUNE 15, 2023

National mortgage loan subservicer Cenlar FSB announced on Thursday that it has named the Thomas Donatacci as its investor relations officer. Donatacci has extensive experience in servicing transactions and subservicing, due diligence, and M&A. He is expected to strengthen Cenlar’s relationships with stakeholders in this role, including agency investors, shareholders, clients, and rating agencies. “I am confident that Tom will further strengthen our market presence, as well as in

Investor 366

Investor Due diligence Loans Banks 366

Inman

JUNE 15, 2023

Patrick Carroll was sued by restaurant manager Miguel Angel Weill, who accused Carroll of spitting on him during a videotaped dispute in April. Carroll has not been served with the lawsuit, according to his attorney Duncan Levin.

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Calculated Risk Real Estate

JUNE 15, 2023

CR Note: A year ago, housing economist Tom Lawler explained why the spread between mortgage rates and the 10-year Treasury yield was wider than “normal” See: Lawler: Mortgage/Treasury Spreads, Part I and Lawler: Mortgage/Treasury Spreads Part II: “Decomposing” the Widening This Year. From housing economist Tom Lawler: Last May I wrote a two-part piece on why the spread between the 30-year fixed-rate mortgage rate and the 10-year Treasury rate had widened significantly fro

Mortgages 132

Mortgages Fixed-rate mortgage Investor As-is 132

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

JUNE 15, 2023

In response to an Inman article Tuesday questioning the National Association of Realtors' response to discriminatory practices, NAR CEO Bob Goldberg defended the trade group's track record.

MLS 147

MLS Brokerage Agents 147

Eye on Housing

JUNE 15, 2023

According to the latest Producer Price Index report, the prices of inputs to residential construction less energy (i.e., building materials) decreased 0.1% in May 2023 (not seasonally adjusted), following a 0.2% drop in April. The index has gained 0.3%, year-to-date, a stark contrast from the 10.2% and 4.9% YTD increases seen in 2021 and 2022, respectively.

Construction 116

Construction Residential 116

Inman

JUNE 15, 2023

ChatGPT has opened a window of opportunity that typically only comes a few times during a career. Take advantage of this amazing tool and your business can’t help but grow.

Agents 148

Agents Technology Marketing 148

RIS Media

JUNE 15, 2023

Editor’s Note: The Playbook is an RISMedia biweekly segment centering on what brokers and agents are doing to ensure they not only survive but thrive in these challenging times. Industry professionals explain the strategies they’re employing and unique ideas they’ve formulated. Tune in every other Thursday for another addition to the series. The list of… The post THE PLAYBOOK: Addressing the Tough Questions Surrounding Today’s Market appeared first on RISMedia.

Marketing 111

Marketing Industrial Agents Development 111

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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

JUNE 15, 2023

OJO Pro+ will cater to just a handful of teams in each market. The product is one of two new offerings from OJO meant to provide high-quality leads and insights to agents.

Agents 147

Agents Marketing Technology Brokerage 147

RIS Media

JUNE 15, 2023

As we arrive at the mid-year point of 2023, brokerages large and small are carving out time to step back and evaluate just how far they’ve come since the beginning of the year…and how they’re tracking toward meeting their sales volume and transaction goals before the year is through. Now in its 35th year, our… The post Tracking Changes to RISMedia’s Power Broker Report Top 100 appeared first on RISMedia.

Brokerage 107

Brokerage Sales As-is Industrial 107

Inman

JUNE 15, 2023

As young people become more financially literate, we'll see our families, businesses, communities and the nation as a whole become stronger and more resilient, writes investor David Phelps.

Investor 141

Investor Agents 141

Brownstoner

JUNE 15, 2023

Got a project to propose for The Insider? Contact Cara at caramia447 [at] gmail [dot] com The uniquely shaped apartment in a 1928 landmark building off Grand Army Plaza created both opportunities and challenges for the Gowanus-based architecture firm Khanna Schultz, which was hired to gut-renovate the space for new owners. Designed by… Read More > The post The Insider: Gut Renovation Elegantly Resolves Challenges of Angular Park Slope Prewar appeared first on Brownstoner.

Renovation 105

Renovation Design 105

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

JUNE 15, 2023

Retaliation for filing a discrimination complaint violates federal law, even if the agent is an independent contractor, judge says. BHS has vowed to appeal.

Agents 145

Agents Brokerage 145

RIS Media

JUNE 15, 2023

The 30-year fixed-rate mortgage (FRM) averaged 6.69%, down from 6.71% the previous week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This is the second week in a row of declines. This week’s numbers: 30-year fixed-rate mortgage averaged 6.69% as of June 15, 2023, down from last week when… The post Mortgage Rates Continue to Come Down appeared first on RISMedia.

Fixed-rate mortgage 103

Fixed-rate mortgage Mortgages Marketing As-is 103

Inman

JUNE 15, 2023

Loan servicer Mr. Cooper is 'deeply disappointed' that the HUD OIG audit focused on problems it says were mostly technical, rather than on borrower outcomes.

Loans 142

Loans Mortgages 142

RIS Media

JUNE 15, 2023

After two and a half years of robust price growth, home prices in the Mid-Atlantic have been relatively flat for the past three months, according to a new report from Bright MLS. However, homes continue to sell very fast and the lack of new listings suggests that prices in the region may have bottomed out… The post Mid-Atlantic Market Remains Competitive Amidst Low Inventory appeared first on RISMedia.

Marketing 102

Marketing MLS Industrial 102

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

JUNE 15, 2023

Tune in to learn how to leverage your social media for converting leads and what specific areas of your business to prioritize for growth.

Brokerage 148

Brokerage Marketing Agents 148

Realty Biz

JUNE 15, 2023

The advent of artificial intelligence (AI) in various industries is irrevocably changing the ways businesses operate, and real estate is no exception. Amongst the most influential AI technologies is OpenAI's Chatbot, GPT (Generative Pretrained Transformer), specifically the latest iteration: ChatGPT. The language model is revolutionizing how the real estate industry functions in many ways, ranging from automating tasks to providing sophisticated analytics.

Industrial 101

Industrial Technology Investor Agents 101

Inman

JUNE 15, 2023

Learn what makes this tight-knit and high-performing team tick, and find out what they can teach you about optimizing your performance.

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RIS Media

JUNE 15, 2023

Berkshire Hathaway HomeServices Nevada Properties will, through Its Nevada Real Estate Academy, offer live in-person summer night courses throughout June and July, the company has announced. The goal is to provide those with daytime jobs and responsibilities the flexibility to participate. The course will help students prepare for the state’s license exam through a 120-hour… The post Berkshire Affiliate Offers Summer Night Courses appeared first on RISMedia.

Industrial 100

Industrial Agents 100

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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.

Agents

Inman

JUNE 15, 2023

The premium for buying a home is now 17 percent higher than it was a year ago thanks to high interest rates and stubborn home prices, according to John Burns Real Estate Consulting. It might push the rent even higher.

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Maximum Exposure Real Estate

JUNE 15, 2023

What is a Seller Credit? When buying or selling a home, various financial considerations are involved. One such consideration is the negotiation of seller credits. A seller credit, also known as a seller concession, is an arrangement in a real estate transaction where the seller agrees to contribute a certain amount towards the buyer’s closing […] The post What Are Seller Credits at Closing?

Closing 98

Closing Seller concession As-is 98

Inman

JUNE 15, 2023

This week the spotlight shines on luxury real estate and vineyard specialist Michael Baynes of Maxwell-Baynes in Bordeaux, France.

Brokerage 126

Brokerage 126

Brownstoner

JUNE 15, 2023

Generously sized, this two-bedroom rental is on the first floor of an early 20th century standalone set on the leafy streets of Flatbush. It offers a bit of outdoor space with a front porch as well as in-unit laundry and a renovated kitchen. The house at 421 Marlborough is… Read More > The post Spacious Two-Bedroom in a Ditmas Park West Standalone With Laundry Asks $3,250 a Month appeared first on Brownstoner.

Renovation 98

Renovation As-is Marketing 98

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