Wed.Mar 13, 2024

article thumbnail

Mortgage demand rises for a second straight week 

Housing Wire

A decline in interest rates buoyed mortgage demand for another week. Mortgage applications increased by 7.1% on a seasonally adjusted basis during the week ending March 8, according to the Mortgage Bankers Association ’s (MBA) weekly mortgage applications survey. It was the second increase in a row. “Mortgage rates dropped below 7% last week for most loan types because of incoming economic data showing a weaker service sector and a less robust job market, with an increase in the unemployment ra

Mortgages 448
article thumbnail

Twice as many sellers are looking to relocate in 2024

Real Estate News

A Coldwell Banker survey found a big increase in the number of sellers willing to move to another city or state as price considerations now outweigh location.

286
286
Insiders

Sign Up for our Newsletter

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

article thumbnail

Realtor.com reveals new tools to evaluate climate risk exposure 

Housing Wire

Amid escalating climate concerns , Realtor.com has launched enhanced tools to help homebuyers and sellers evaluate the climate risk exposure of a property, according to a company announcement on Wednesday. Realtor.com is leveraging data from First Street , a climate technology company, and will offer three new risk factor scores — heat, wind and air — to complement existing fire and flood assessments.

article thumbnail

Realtor.com listings now display 5 climate risk factors

Real Estate News

Buyers can see heat, wind and air quality ratings in addition to the existing flood and wildfire ratings, which can “help reduce surprise costs.

274
274
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

Luxury Realty Group launches new AI avatar to assist homebuyers

Housing Wire

Luxury Realty Group , a subsidiary of Luxury Realty Group Holdings , launched the beta testing for its conversational AI services website vuHome.ai, the company announced on Tuesday. The product will be available across its brokerage operations in Las Vegas. Luxury Realty Group’s clients will be able to interact orally with an avatar, listing the criteria of their home of choice, with the platform subsequently generating tailored listings to match these preferences.

Brokerage 435
article thumbnail

eXp paid out more than $230M in rev share and stock last year

Real Estate News

In a new compensation report, eXp said it paid agents and brokers nearly $198 million in revenue share and $34.7 million in EXPI shares.

Agents 244

More Trending

article thumbnail

Your Home Is a Powerful Investment

Keeping Current Matters

Going into 2023, there was a lot of talk about a possible recession that would cause the housing market to crash.

Marketing 265
article thumbnail

The best real estate coaching programs 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. Real estate is a vibrant, dynamic and competitive industry. From the thrill of a sale to the pursuit of new leads, it keeps you on your toes. That said, it can also be incredibly isolating, and it can be hard to stay motivated.

Agents 432
article thumbnail

Born into real estate royalty, Farrah Brittany makes the tough look easy

Inman

Brittany started out as an assistant at The Agency when it first opened its doors in 2011 and is now one of the firm's most rock-solid agents. She said her family's connections and her own work ethic have helped shape her career.

Agents 180
article thumbnail

DataDigest: Rosy economic news could prolong elevated rates

Housing Wire

Good news: The national economy is growing, unemployment is low and corporate revenues are up. For housing and mortgage professionals, however, these apparent boons spell trouble. They signal that economy is still running hot — or at least more than lukewarm — and that inflation may still need more cold water from the Federal Reserve to slow down. The cold water comes in the form of the Fed continuing its presently high federal funds rate, which indirectly produces higher mortgage rates.

Mortgages 431
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

‘Million Dollar Listing’ star Josh Flagg leaves Elliman for Compass

Inman

The high-profile luxury agent has worked with Douglas Elliman since 2021 and served as a longtime agent with Rodeo Realty before that. He will now align with Compass’s Beverly Hills office.

Agents 177
article thumbnail

RMF parent obtains Chapter 7 bankruptcy status

Housing Wire

The presiding judge in the bankruptcy case involving Reverse Mortgage Investment Trust (RMIT) — the parent company of former leading reverse mortgage lender Reverse Mortgage Funding (RMF) — has approved a request to transfer the company’s bankruptcy status to Chapter 7 from its current Chapter 11 status. This is according to court documents reviewed by RMD.

article thumbnail

As corporate DEI is scaled back, real estate needs to double down

Inman

New Inman contributor Anita Legacy Blue, president of the 2024 LGBTQ+ Real Estate Alliance, writes that despite a move away from corporate DEI, real estate can't afford to move backward.

As-is 173
article thumbnail

14 indispensable AI tools for real estate agents

Housing Wire

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Artificial intelligence (AI) tools equip real estate agents with unprecedented capabilities. While ChatGPT has become a go-to tool for many of us, predictive analytics tools offer a more efficient, data-driven approach to generating new client leads.

Agents 404
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

Homebuyers made hay while mortgage rates were down

Inman

Purchase loan applications surged for the second week in a row last week, but now rates are headed back up as worrisome inflation data casts doubts on timing of Fed rate cuts.

Mortgages 169
article thumbnail

Guild earnings show more reverse mortgage activity after Cherry Creek acquisition

Housing Wire

Guild Mortgage released its fourth-quarter and full year 2023 earnings report this week, showing that it narrowed its focus on purchase originations and increased its market share on the forward lending side, but it still sustained a loss. After its acquisition last year of Cherry Creek Mortgage , Guild increased its involvement in the reverse mortgage industry due to Cherry Creek’s well-developed reverse lending apparatus.

Mortgages 390
article thumbnail

Realtor.com the latest portal to include climate risk data

Inman

The climate’s toddler-like, harder-than-ever-to-predict behavior is having a measurable impact on the housing market, a reality that led to Realtor.com partnering with First Street, a non-profit organization that provides data and critical resources on climate change.

Marketing 169
article thumbnail

Curbio Denies Lawsuit Claims That It Engaged in Schemes Targeting Elderly

RIS Media

Late last year, Washington, D.C. Attorney General (AG) Brian L. Schwalb announced the filing of a lawsuit against Curbio, a national pre-sale home renovation platform, for allegedly taking part in a scheme targeting the elderly and financially disadvantaged. Curbio is a fix now, pay-at-closing home improvement solution for real estate professionals, operating in more than… The post Curbio Denies Lawsuit Claims That It Engaged in Schemes Targeting Elderly appeared first on RISMedia.

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

Jail ahead for ‘worst landlord on this planet’ over squalid rentals

Inman

The sheriff has been ordered to arrest a landlord twice named worst in New York City and bring him to Rikers Island for up to 60 days over hundreds of building violations.

169
169
article thumbnail

Staying Ahead of the Market

RIS Media

Above, Eileen Doherty Eileen Doherty Sales Associate Lamacchia Realty, Inc. Woburn, Massachusetts [link] Region served: Middlesex County Years in real estate: 40 Favorite part of your job: Making the deal and seeing my seller happy. Motto/work philosophy that you live by: Treat others the way you want to be treated. What is the most significant… The post Staying Ahead of the Market appeared first on RISMedia.

Marketing 114
article thumbnail

Get a handle on visionary syndrome so you can put ideas into action

Inman

A lack of focus, prioritization and patience can undermine your best ideas and keep them from coming to fruition, writes marketing expert Molly McKinley.

Marketing 172
article thumbnail

Mortgage Applications Continue Climbing This Week

RIS Media

Following the usual pattern when mortgage rates decrease, mortgage applications increased this week, up 7.1% from one week earlier, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending March 8, 2024. Of note this week was the continued percentage increase of refinance applications, up to 31.6%… The post Mortgage Applications Continue Climbing This Week appeared first on RISMedia.

Mortgages 114
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

Guild Mortgage shrugs off 2023 loss as it pursues acquisitions

Inman

The San Diego-based lender has completed five acquisitions in the past 18 months, unfazed by a 21 percent drop in mortgage originations and $39.1 million 2023 net loss.

Mortgages 157
article thumbnail

Beyond the Property Description: Selling Lifestyle to Today’s Luxury Buyers

RIS Media

Today, the affluent are purchasing homes with an eye firmly fixed on this being a long-term investment, as the rate of price increases has slowed. With that has come a change in their philosophy on what they want from a new home. While location, price and size are still critical factors, it seems that the… The post Beyond the Property Description: Selling Lifestyle to Today’s Luxury Buyers appeared first on RISMedia.

article thumbnail

Agents temper hopes for better 2024 as buyers sit out: Intel survey

Inman

Real estate agents are optimistic their client pipelines will improve from last year's lows — but it may take longer than hoped, according to shifting sentiments in the latest Inman Intel Index.

Agents 145
article thumbnail

The Mid-Atlantic Sees First Inventory Gain Since May 2023

RIS Media

Winds of change occurred in February as active listings at the end of the month finally surpassed their year-ago amount, according to Bright MLS’s February 2024 Housing Report. Inventory was 6.3% above where it was in February 2023, making it the first gain since May 2023. New listings have also started coming online, according to… The post The Mid-Atlantic Sees First Inventory Gain Since May 2023 appeared first on RISMedia.

MLS 114
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

Zenlist to power mobile search for Midwest Real Estate Data

Inman

Members of multiple listing service Midwest Real Estate Data (MRED) will have enhanced, collaborative functionality with clients and listings in the mobile environment because of a partnership with business app Zenlist.

MLS 134
article thumbnail

PropStream to Attend the 2024 REALTORS® Legislative Meetings

RIS Media

PropStream, a real estate lead generation platform, is set to attend the 2024 REALTORS® Legislative Meetings in Washington, D.C., from May 4-9. With over 9,000 attendees, 50+ speakers, and 100+ exhibitors, NAR stated that the event is an opportunity for leaders in the real estate industry to help advance vital issues and facilitate change in… The post PropStream to Attend the 2024 REALTORS® Legislative Meetings appeared first on RISMedia.

article thumbnail

Illinois Supreme Court says Chicago tax hike can move ahead

Inman

A fiscal watchdog also released a report warning that Chicago leaders may not have studied the issue thoroughly before putting it on the March 19 ballot.

MLS 141
article thumbnail

East New York Police Station Is Among Four Brooklyn Sites Winning Preservation Award

Brownstoner

Four historic properties in Brooklyn join more than a dozen receiving the 34th Annual Lucy G. Moses Preservation Awards from the New York Landmarks Conservancy next month. The awards honor outstanding adaptive reuse, preservation, or restoration projects for historic buildings of all kinds in New York City. One of… Read More > The post East New York Police Station Is Among Four Brooklyn Sites Winning Preservation Award appeared first on Brownstoner.

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.