Housing Wire

FEBRUARY 6, 2024

Banks reported having tightened lending standards across almost all categories of residential real estate loans over the fourth quarter of 2023 amid an elevated interest rate environment. There’s some optimism, however. With the central bank expected to cut interest rates this year, banks reported that loan demand should strengthen across residential loan categories in 2024, according to the Fed’s quarterly senior loan officer opinion survey (SLOOS) released on Monday.

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Residential Lending Banks Mortgages 479

Real Estate News

FEBRUARY 6, 2024

Freddie Mac and Chase have made recent changes to their down payment assistance programs which could help more low-income buyers enter the market.

Marketing 305

Marketing 305

Housing Wire

FEBRUARY 6, 2024

The data is clear: aging in place is a clear preference for many older Americans making plans for how their later years will play out. But a lot of people approaching these ages may not know the best ways they can make their homes more accommodating for natural changes that come with aging, according to a new story at CNBC. “People might say, ‘I want to age in place as the default plan, because that’s what I’m already doing,’” Carol Chiang, CEO of personalized aging-in-place consulting company E

Renovation 446

Renovation As-is Marketing 446

Real Estate News

FEBRUARY 6, 2024

Appeals court sides with two of the four people suing the state of Florida along with an Orlando-based brokerage, with a final ruling expected soon.

Brokerage 256

Brokerage 256

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Agents

Housing Wire

FEBRUARY 6, 2024

The elevated interest rate environment has brought an old product, the assumable mortgage, back into fashion. But a landscape of strict regulations, product limitations and operational inefficiencies hamper its widespread adoption. Assumable mortgages remain a niche market compared to new mortgage issuance. But these transactions have grown recently.

Mortgages 420

Mortgages VA loan Loans Closing 420

Inman

FEBRUARY 6, 2024

In three star-studded advertisements for Homes.com that appeared on YouTube over the weekend, the CoStar Group teases a "revolutionized" shopping experience ahead of Super Bowl Sunday.

Technology 186

Technology Marketing 186

Keeping Current Matters

FEBRUARY 6, 2024

Have you been thinking about selling your house?

Marketing 286

Marketing 286

Housing Wire

FEBRUARY 6, 2024

There has been much back and forth in the industry about reporting for short-term rentals — who should complete the report and what form should be used? Previously, the only way to create a robust report truly reflective of the potential of a short-term rental was to have a certified general appraiser complete a narrative report. The 1007, meant for long-term traditional rental reporting, is insufficient for reporting relevant data and misleading to use as a means for reporting short-term rental

Commercial 407

Commercial Lending MLS Inspection 407

Inman

FEBRUARY 6, 2024

NAR Chief Economist Lawrence Yun warned of "further declines in membership over the next 24 months" after NAR posted a 2.1 percent annual membership decline last month.

Agents 177

Agents 177

Housing Wire

FEBRUARY 6, 2024

REX Real Estate is back again trying to get a new trial in its false advertising lawsuit against Zillow. On Monday, the now defunct discount brokerage filed an appeal with the U.S. Court of Appeals for the Ninth Circuit, asking the appeals court to reverse the lower court’s ruling on REX’s motion for a new trial. REX filed its motion for a new trial in November, roughly six weeks after its September trial concluded.

MLS 406

MLS Brokerage Agents Design 406

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

FEBRUARY 6, 2024

In a push to wrestle back the company he co-founded, Adam Neumann on Monday sent a letter to the co-working giant pressing it to sell its assets to Flow, Neumann's latest real estate endeavor.

Commercial 160

Commercial 160

Housing Wire

FEBRUARY 6, 2024

Accused of redlining by regulators, First National Bank of Pennsylvania (FNB) has agreed to settle the case for $13.5 million, the Department of Justice (DOJ) and the State of North Carolina announced Monday. FNB was involved in the case as a successor in interest of Yadkin Bank , which it acquired in 2017. The complaint alleges that, from 2017 through 2021, FNB failed to provide mortgage services to predominantly Black and Hispanic neighborhoods in Charlotte and Winston-Salem, North C

Banks 402

Banks Lending Loan Officer Loans 402

Inman

FEBRUARY 6, 2024

FNB's 2017 acquisition of Yadkin Bank for $1.8 billion expanded its footprint into North Carolina, where the DOJ alleges it avoided providing mortgages to majority-Black and Hispanic communities.

Banks 152

Banks Mortgages Lending 152

Housing Wire

FEBRUARY 6, 2024

Rocket Homes Real Estate rolled out its new app on Apple Vision Pro, Apple ’s new virtual reality and mixed-reality headset. It will allow users to view and tour properties by blending their physical and virtual worlds, Rocket said. When homebuyers launch the Rocket Homes app in Apple Vision Pro, a home search page and map of nearby listings based on the user’s current location will fill their field of vision.

Development 400

Development Closing Technology Mortgages 400

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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

FEBRUARY 6, 2024

Rent collection is essential for your portfolio's financial stability and profitability. Ryan Barone shares strategies to simplify it for you and your renters.

Agents 153

Agents 153

Housing Wire

FEBRUARY 6, 2024

The list of defendants in the Masiello copycat commission lawsuit just got shorter. In a document filed on Monday, the counsel for the home seller plaintiff Joseph Masiello notified the federal court in Arizona that it was voluntarily dismissing defendant Walt Danley Local Luxury , an affiliate of Christie’s International Real Estate , from the suit.

MLS 395

MLS Brokerage Development Finance 395

Inman

FEBRUARY 6, 2024

The 6,300-square-foot unit was purchased by Hong Kong-based private equity exec Terence Chan through a limited liability company, and initially asked more than $70 million. Tal Alexander of Official repped the buyer.

Equity 143

Equity 143

Housing Wire

FEBRUARY 6, 2024

Finance of America Companies (FOA), which had previously borrowed $60 million from longtime backer Blackstone Group , has increased its borrowed amount to $85 million and extended the end of its repayment term from November 2024 to May 2025. This is according to an 8-K filing made this week by FOA with the U.S. Securities and Exchange Commission (SEC).

Equity 395

Equity Finance Industrial Mortgages 395

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

FEBRUARY 6, 2024

Two of the four plaintiffs who filed a lawsuit in November against Florida's foreign buyer ban have been awarded a temporary injunction that allows them to resume stalled transactions. The next step in toppling SB264 is an appeal hearing in April.

Marketing 138

Marketing 138

Housing Wire

FEBRUARY 6, 2024

Introducing the NEW HousingWire Mortgage Rates Center, a resource for housing professionals to access real-time mortgage rates data and the insights that fuel understanding and decision-making. HousingWire is dedicated to providing housing professionals with the full picture , and while there are many places to find rates information, the Mortgages Rates Center takes a nuanced approach – coupling data with context.

Mortgages 391

Mortgages Industrial As-is Marketing 391

Inman

FEBRUARY 6, 2024

Fathom Holdings (Fathom) has hired Constellation1 as its primary data partner with the intent of outsourcing its widespread use of industry data.

Industrial 154

Industrial Technology 154

Housing Wire

FEBRUARY 6, 2024

Insellerate , a customer relationship management (CRM) provider that serves banks, credit unions and other lenders, has rehauled its user interface (UI) to make it more user-friendly and efficient. To redesign the interface, the company collected feedback from more than 250 loan officers, demonstrating the company’s commitment to enhancing user experience.

Loan Officer 367

Loan Officer Lending Banks Loans 367

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

FEBRUARY 6, 2024

In his latest Snapshot profile, Brandon Doyle talks to Heather "Sunshine" Haase about training, tech, authenticity and creating genuine connections.

Technology 144

Technology Agents 144

RIS Media

FEBRUARY 6, 2024

Freddie Mac announced that potential homebuyers earning 50% of area median income or less are eligible for a $2,500 credit that may help with down payment and other costs at closing. The initiative will extend more broadly to very low-income families who qualify for the company’s Home Possible® and HFA Advantage® products. “Today’s announcement is… The post Freddie Mac Expands Assistance for Very Low-Income Purchase Borrowers appeared first on RISMedia.

Closing 120

Closing Loans Industrial 120

Inman

FEBRUARY 6, 2024

Although affordability is still the No. 1 factor in most homebuyers' moves, two surveys from Zillow and Redfin revealed politics and romance also play a role.

Marketing 133

Marketing 133

Eye on Housing

FEBRUARY 6, 2024

The latest CPS/HVS data shows that the overall homeownership rate was 65.7% in the last quarter of 2023. This was 3.5 percentage points lower from the peak of 69.4% in 2004. In this post, we focus on the homeownership rates by race and ethnicity over the past decade. According to data from the Census Bureau, homeownership in the U.S. varies.

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119

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Agents

RIS Media

FEBRUARY 6, 2024

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. Real estate has always been a social business. Before the internet and social media, a REALTOR’S® marketing has always heavily relied on word of mouth and in person… The post Social Skills: Taking Advantage of Client Reviews (and Referrals) appeared first on RISMedia.

Agents 116

Agents Marketing Development Industrial 116

NAR: Economic Outlook

FEBRUARY 6, 2024

Migration Plays a Role in Post-Pandemic Population U.S. population trends are returning to pre-pandemic levels due to fewer deaths and increased migration, resulting in the largest gains since 2018.

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RIS Media

FEBRUARY 6, 2024

The Keyes Company has recruited industry veteran Madeline Mordarski as its new chief marketing officer. Based in Miami, Mordarski will oversee the firm’s marketing efforts and work closely with Keyes executive leadership on strategies to support the firm’s “ambitious” growth plans. Mordarski has an extensive background in developing creative and scalable marketing strategies and leading… The post The Keyes Company Selects New Chief Marketing Officer appeared first on RISMedia.

Marketing 107

Marketing Development Industrial Closing 107

HomeLight

FEBRUARY 6, 2024

You’ve been searching for a home to buy, and you come across a property you love only to see it’s labeled as “contingent.” You might wonder, “Can I still buy this house?” or even, “Can you make an offer on a contingent house?” In this post, we’ll review how you can still throw your hat in the ring for a house that’s caught your eye, even if it’s currently under a contingent status.

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Inspection contingency Home sale contingency Inspection Finance 104

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