Thu.Dec 07, 2023

article thumbnail

Why You Need To Use a Real Estate Agent When You Buy a Home

Keeping Current Matters

If you’ve recently decided you’re ready to become a homeowner, chances are you’re trying to figure out what to do first.

Agents 298
article thumbnail

Opinion: To support low-income borrowers, return Fannie Mae and Freddie Mac to the private sector

Housing Wire

Since the 2008 housing crisis , there have been significant changes that prompted the Treasury to place Fannie Mae and Freddie Mac under conservatorship. While the conservatorship has allowed for the mortgage market to be restored to its pre-crisis state and strengthened these two government-sponsored entities (GSEs), there are significant downsides to maintaining the status quo indefinitely.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Redfin AI tool allows shoppers to virtually redesign rooms

Real Estate News

Powered by Roomvo, Redfin Redesign is launching on 75,000 listings and lets home shoppers change paint colors, flooring and countertops with a few clicks.

261
261
article thumbnail

Mortgage rates are (finally) back at 7%

Housing Wire

Mortgage rates continued their downward trajectory this week as the 10-year Treasury yield dropped below 4.2% for the first time since September, according to new data from Freddie Mac. The 30-year, fixed mortgage rate averaged 7.03% for the week ending Dec. 7, according to Freddie Mac ‘s Primary Mortgage Market Survey. That’s down significantly from last week ’s 7.22% and up from 6.33% the same week a year ago.

Mortgages 527
article thumbnail

3 Real Estate Office Hacks to Help Kickstart the Busy Season

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.

article thumbnail

Optimism about buying a home hits an all-time low

Real Estate News

Even with mortgage rates dropping, challenges like affordability and stagnating household finances are keeping consumers wary.

Finance 269
article thumbnail

How scammers are using AI to commit new fraud in real estate

Housing Wire

Editor in Chief Sarah Wheeler sat down with Tom Cronkright, co-founder and executive chairman of CertifID and CEO of Sun Title , to talk about battling the latest frauds and scams as bad actors leverage a new arsenal of tech tools to wreak havoc on buyers and sellers of real estate. Sarah Wheeler: Can you give us a quick overview of where we are on fraud?

Title 450

More Trending

article thumbnail

The best free real estate CRMs for 2024 (+4 low-cost alternatives)

Housing Wire

As the real estate market continues to grapple with high interest rates and low inventory, agents entering the market are looking for affordable client relationship management (CRM) tools that offer a cost-effective means to automate and manage client interactions. If you’re a new agent, finding the best free real estate CRM (or a low-cost option) to get you up and running until you build your client list is crucial.

Agents 440
article thumbnail

Millennials are more real estate obsessed than their parents: Poll

Inman

Nearly 60 percent of millennials said they felt homeownership is more important now than it was for their parents, according to the results of a new survey released earlier this week by Bank of America.

Banks 200
article thumbnail

Redfin reveals new AI-powered listing photos tool

Housing Wire

Redfin launched Redfin Redesign, an AI-powered tool for home photos, the company announced on Thursday. The new product allows homebuyers to make changes to the interior of a house in listing photos. This tool uses technology from Roomvo , a home design visualization platform. The tool empowers prospective homebuyers to imagine the potential of a home while playing with different design styles.

MLS 431
article thumbnail

Homebuyer sentiment tallies record low amid falling rates

Inman

Fannie Mae economist warns that, while mortgage rates have retreated, the primary drivers of housing pessimism are persistent affordability challenges and worries about household finances.

Finance 190
article thumbnail

Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

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.

article thumbnail

Incenter rebrands, changes up leadership 

Housing Wire

Incenter Mortgage Advisors (IMA) has rebranded and changed its leadership to reflect the offering of a broader set of capital markets services. The company, which helped organize over $2 trillion in mortgage-servicing rights (MSRs), changed its brand name to Incenter Capital Advisors. It will emphasize corporate strategy and capital markets activities in different asset classes, institutions and balance sheet types.

Lending 421
article thumbnail

KW begins notifying former agents of profit-sharing cuts

Inman

People who left Keller Williams for a competitor have begun receiving letters telling them that their profit share earnings will be reduced from 100 percent to 5 percent.

Agents 195
article thumbnail

HousingWire Annual 2023 On Demand

Housing Wire

The Full Picture With how important and critical information is in the current environment, we’re excited to share recordings from this year’s HousingWire Annual. To watch the on-demand sessions, click on the buttons below. The full session videos are only available to HousingWire Subscribers. Not subscribed yet? Join here. Tuesday Making Sense of Wild Housing Data for 2023 Speaker: Logan Mohtashami, Lead Analyst, HousingWire Watch Now Sponsored by: Busting the Top Myth in Mortgage Through

Principal 409
article thumbnail

How Katie Lance empowers real estate pros with social media

Inman

As part of his Snapshot series, Brandon Doyle learns how, in a world where digital presence is increasingly crucial, Katie Lance is empowering agents and brokers to thrive.

Agents 183
article thumbnail

Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

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.

article thumbnail

Title giant Stewart sues Qualia over software licensing agreement dispute

Housing Wire

Big Four title firm Stewart Title has filed a lawsuit against closing and title production software provider Qualia over a contractual dispute. In a lawsuit filed in early November in District County Court of Harris County, Texas , Stewart accuses Qualia of giving the firm “improper notice” for terminating its licensing agreement for the title production platform ResWare.

Title 409
article thumbnail

Real Geeks new website builder is real fast, SEO-first

Inman

Real Geeks new feature was conceptualized to help real estate agents, teams and brokerages publish heavily SEO-optimized websites fit to handle IDX data feeds wrapped around content targeting agents’ specific markets.

Brokerage 172
article thumbnail

7 best real estate schools in Massachusetts for 2024

Housing Wire

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Many Massachusetts real estate schools offer online courses. We’ve researched the best online programs to help you quickly complete the 40 hours of prelicensing classes required by the Commonwealth of Massachusetts.

HR 408
article thumbnail

Broker Spotlight: Nick Zawitz, The Agency Cleveland

Inman

Find out how managing broker Nick Zawitz and his brokerage are sharing the good news about his market, which he calls one of residential real estate's "best-kept secrets.

Brokerage 178
article thumbnail

Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

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.

article thumbnail

Pennymac raises $750M in unsecured debt

Housing Wire

California-based Pennymac Financial Services raised $750 million in unsecured debt with qualified institutional investors, 15% more than it initially expected, the company announced Thursday. Pennymac will use the proceeds of the offering to repay $650 million in debt due in October 2025. The remainder will be used for “other general corporate purposes,” the company said in an 8k filing with the Securities and Exchange Commission (SEC).

Principal 376
article thumbnail

Landing adds new management service to its flexible living model

Inman

Branded “AutoPilot,” the new product gives Landing customers the option to use the company’s extensive network of members as a customer base, as as well for furnishing units, marketing vacancies, assisting tenants and, according to the company, “everything in between.

Land 175
article thumbnail

Flagstar Bank’s one-stop-shop model revolves around brokers’ best interests

Housing Wire

Flagstar ’s presence and expertise in the third-party wholesale mortgage origination market have combined to create a history of success extending over 35 years. The company’s close partnerships with mortgage brokers and correspondents transforms feedback into impactful products, technology and services that help clients grow their businesses in any economic environment.

Lending 332
article thumbnail

Forget the deadbolt, residents of these trusting towns say

Inman

People who live in Hollister, California, feel most confident about leaving their doors unlocked at night, according to a survey by Automatelife.net, because of low property and violent crime rates.

Marketing 169
article thumbnail

Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

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.

article thumbnail

What to Know About Starting a Career in Real Estate

RIS Media

Embarking on a real estate career can be exciting and rewarding, allowing individuals to thrive in a dynamic and ever-evolving industry. Whether you are considering a switch in careers or entering the workforce for the first time, understanding the intricacies of starting a career in real estate is crucial. In this comprehensive guide, we will… The post What to Know About Starting a Career in Real Estate appeared first on RISMedia.

article thumbnail

Sick and tired of low production? 5 tips to raise your numbers in 2024

Inman

If you're frustrated by too-few clients and a sluggish market, writes Jimmy Burgess, it's time to get back to basics with these tried and true lead-gen strategies.

Marketing 179
article thumbnail

Mortgage Rates Hover Near 7%

RIS Media

The 30-year fixed-rate mortgage (FRM) decreased for the sixth straight week, from last week’s average of 7.22% to an average of 7.03% 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 7.03%, down from last week when it averaged 7.22%.

article thumbnail

How changes to CPI may provide better rent inflation insights

Inman

A recent working paper by the Federal Reserve Bank of Cleveland explores a new way to measure rent in the CPI that could give earlier insight into the direction of consumer housing costs.

Banks 161
article thumbnail

5 Data Proven Ways Agents Can Do 18% More Business

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.

article thumbnail

Search Vs. Social: Agents at All Levels Weigh the Varying Pros and Cons of Digital Marketing Strategies

RIS Media

With real estate marketing becoming increasingly digital, agents have invested huge slices of their budgets in online listing platforms while still tapping into the two most common bridges to the virtual world: search engines and social media. Both offer tremendous access to potential buyers and sellers, but the approaches to the two tactics—either through paid… The post Search Vs.

Agents 124
article thumbnail

7 smart strategies for getting more real estate leads for less than $100

Inman

If social media, direct mail and networking aren’t yielding enough leads, try these simple, inexpensive strategies from author and coach Darryl Davis.

Agents 162
article thumbnail

Podcast Digs Into CoStar CEO’s Heated Response to realtor.com

RIS Media

In a recent episode of BAM’s Real Word podcast, hosts Byron Lazine and Nicole White discussed an email sent by CoStar Founder and CEO Andy Florance to real estate agents. In the email, Florance addressed rumors and false statements he says were made about Homes.com, a subsidiary of CoStar, by realtor.com Senior Vice President Bob… The post Podcast Digs Into CoStar CEO’s Heated Response to realtor.com appeared first on RISMedia.

Agents 117
article thumbnail

10 things to do when your real estate team isn’t vibing

Inman

Need to get everybody in your organization rowing in the same direction? Nikki Beauchamp shares strategies to improve the vibe for your crew.

Brokerage 133
article thumbnail

Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

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.