Inman

NOVEMBER 7, 2023

According to team leader and new Inman contributor Sarah Bennett, video marketing provides tremendous return on investment when you follow these strategies.

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Marketing Branding Agents 165

Housing Wire

NOVEMBER 7, 2023

Banks have tightened lending standards for most categories of residential real estate (RRE) loans and home equity lines of credit (HELOC) over the third quarter of 2023. The tightening came amid elevated interest rates and uncertainty in economic conditions. A survey taken by the Federal Reserve showed that a 20%-plus share of banks reported having tightened standards on non-qualified-mortgage (non-QM) jumbo residential loans (23.9%), QM jumbo loans (26%), non-QM non-jumbo (20.4%) and HELOCs (2

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Lending Banks Mortgages Loan Officer 478

Keeping Current Matters

NOVEMBER 7, 2023

If you’re weighing your options to decide whether it makes more sense to rent or buy a home today, here’s one key data point that could help you feel more confident in making your decision.

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Marketing 279

Housing Wire

NOVEMBER 7, 2023

The guilty verdict of the landmark Sitzer/Burnett commission lawsuit case sent shockwaves across the real estate industry. In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5% down.

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VA loan Agents Seller concession FHA loan 458

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Agents

Real Estate News

NOVEMBER 7, 2023

During a webinar, T3 Sixty leaders acknowledged that emotions are running high as they talked through potential implications of the Sitzer/Burnett verdict.

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Housing Wire

NOVEMBER 7, 2023

In September, the nation’s banking regulators released a proposal to increase the capital required of banks with more than $100 billion in assets. The effort was intended to decrease systemic risk, but by focusing narrowly on the risk posed by banks, it would likely increase risk in the mortgage market. The proposal would make it more expensive for large banks to hold, sell or service mortgages, reinforcing their now decade-long retreat from mortgage lending.

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Banks Mortgages Marketing Lending 450

Housing Wire

NOVEMBER 7, 2023

It’s a fact: Buyer-side commissions are no longer a guarantee and no longer an entitlement. You can’t just assume you’ll be receiving a set percentage on every transaction. Though this seems like a whole new stress-inducing worry for many real estate agents , the fact is that commissions have never been a set amount, just an expectation or a tradition in many markets.

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Loan Officer New Construction MLS Inspection 431

Real Estate News

NOVEMBER 7, 2023

Anywhere inks deal with RealScout; Scout wins pitch battle; Chime rebrands; Saskatchewan Realtors adds Restb.ai; Recruiting Insight absorbs Talent Scout.

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Housing Wire

NOVEMBER 7, 2023

Speculation is still swirling around the proposed commission lawsuit settlement agreements reached by RE/MAX and Anywhere in the Sitzer/Burnett, Moehrl and now Nosalek lawsuits. The settlement agreements outline specific policy changes, including no longer requiring agents to be members of the National Association of Realtors or follow NAR’s Code of Ethics or the MLS Handbook, and informing agents that they don’t have to make or receive offers of cooperative compensation.

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Brokerage MLS Agents As-is 430

Real Estate News

NOVEMBER 7, 2023

A spokesperson said roughly two dozen people were laid off across multiple teams as part of Zillow’s ongoing resource-management efforts.

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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

Housing Wire

NOVEMBER 7, 2023

loanDepot , the California-based lender targeting profitability next year, delivered its sixth consecutive quarterly loss in the third quarter of 2023, according to documents filed with the Securities and Exchange Commission (SEC) on Tuesday. Total revenue declined as a result of lower origination volume. Still, there were financial improvements. Higher margins aided by an aggressive cost-cutting strategy shrunk expenses, narrowing loanDepot’s losses in the period.

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Principal Loans Sales Mortgages 421

Inman

NOVEMBER 7, 2023

According to Instagram marketing expert Michelle Berman-Mikel, saying the right thing, then moving the conversation into the real world, can allow you to create a social media strategy that converts.

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Marketing Agents 188

Housing Wire

NOVEMBER 7, 2023

Mortgage tech firm Blend Labs continued to narrow its financial losses in the third quarter, driven by strong growth in its consumer banking business. Its mortgage business outperformed the broader origination market and the company reduced cash burn, putting the firm on track to its goal of reaching non-GAAP profitability by next year. The San Francisco-based company reported a non-GAAP net loss of $21.4 million in the third quarter, compared to a non-GAAP net loss of $22.7 million in Q2 and a

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Banks Mortgages Investor Title 414

Inman

NOVEMBER 7, 2023

Disrupting the National Association of Realtors' use of multiple listing services as a "vehicle for higher commissions" is at the center of talks, lawyer Michael Ketchmark told Inman exclusively.

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As-is MLS Agents 187

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Housing Wire

NOVEMBER 7, 2023

Newrez has launched a new joint venture mortgage company, Carnegie Mortgage Partners , in collaboration with a top Keller Williams franchise network in Bergen County, New Jersey, the lender announced on Monday. The joint venture mortgage company is led by Margaret Bernabei, a former branch manager at a CrossCountry Mortgage outpost. Carnegie Mortgage Partners’ office is in Ridgewood, New Jersey.

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Inman

NOVEMBER 7, 2023

Monthly Fannie Mae survey shows homebuyer pessimism at a high for records dating back to 2010, but a broader index aimed at capturing overall housing market sentiment improved in October.

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Marketing Mortgages 181

Housing Wire

NOVEMBER 7, 2023

Compass surprised positively in the third quarter of 2023 by posting a number of strong results. The brokerage’s national quarterly market share grew by 26 basis points year over year, reaching 4.4% in Q3. The company also increased its agents count by 4%, reaching 14,055 principal agents in Q3. That’s a 4% year-over-year increase of 511 principal agents since Q3 2022 and a 3% increase of 422 agents compared to the second quarter of 2023.

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Principal MLS Agents Brokerage 408

Inman

NOVEMBER 7, 2023

The rebrand to Lofty from Chime was driven by a number of business factors, such as ongoing confusion with the web bank of the same name and its evolution far beyond customer relationship management.

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Industrial Banks Technology Marketing 178

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

Housing Wire

NOVEMBER 7, 2023

loanDepot has appointed David Smith to the newly-created position of vice president of national VA lending, the company announced on Monday. In this role, Smith, a former Army sergeant, will oversee the lender’s VA lending strategy. Additionally, he will spearhead the company’s VA Council, a group of loanDepot originators who specifically serve veterans and military personnel.

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Lending VA loan Loans Mortgages 383

Inman

NOVEMBER 7, 2023

Now that the first of the bombshell commission suits is in the rearview mirror, what's next? What changes are you seeing, and what changes are you making?

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Agents 179

Housing Wire

NOVEMBER 7, 2023

West Coast juggernaut independent brokerage John L. Scott Real Estate has acquired boutique brokerage Sterling Johnston Real Estate , based out of Redmond, Washington. The acquisition brings 43 additional agents to John L. Scott offices in the Puget Sound region, according to published reports. Sterling Johnston executives Tucker Petrzelka, Brooke Nortness and Eirik Olsen will join John L.

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Brokerage Property Management Agents Sales 381

Inman

NOVEMBER 7, 2023

The company filed for Chapter 11 bankruptcy in New Jersey as part of a "comprehensive reorganization" of the office space leasing giant.

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Bankruptcy Commercial 182

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

Brownstoner

NOVEMBER 7, 2023

Feedback on the Adams administration’s proposed citywide zoning text amendment for housing, which would increase developers’ ability to build bigger buildings in residential neighborhoods, eliminate parking mandates, and mix manufacturing and residential buildings, amongst a number of other changes, got heated at a public scoping meeting last week. Dozens of… Read More > The post ‘Blank Check’ to Developers or Chance to Curb Displacement: Locals Comment on City of Yes appea

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Development Residential 136

Inman

NOVEMBER 7, 2023

According to CEO Dan Stewart, the way you communicate with clients and agents right now will set you up for success as buyer commission litigation continues to unwind.

Agents 169

Agents Brokerage Marketing 169

RIS Media

NOVEMBER 7, 2023

Where do you think brokers and agents said they found the most high-quality leads over the past 12 months, according to a recent survey? It was social media, which beat out their local MLS, brokerage CRM and agent websites. The broker/owners I talk to say the same: they’re finding their best leads using a tool… The post Brokers: Make Social Selling Part of a Successful Growth Strategy appeared first on RISMedia.

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MLS Brokerage Agents Industrial 122

Inman

NOVEMBER 7, 2023

Mortgage and banking tech provider reports a $41.8 million Q3 net loss with revenue down 27 percent from a year ago to $40.59 million, but company executives emphasize potential for growth.

Banks 156

Banks Mortgages Technology Industrial 156

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Agents

Eye on Housing

NOVEMBER 7, 2023

Porches have been a popular home feature, consistently ranking in the top 10 in the NAHB surveys of recent and prospective home buyers published in What Home Buyers Really Want. And porches remain as popular as ever specifically on new homes, according to NAHB tabulation of the latest Survey of Construction (SOC, conducted by the U.S. Census Bureau with partial.

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Construction 122

Inman

NOVEMBER 7, 2023

Players can experience what it's like to manage rentals in a real city, with tenants who harass each other, miss rent and commit crime.

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RIS Media

NOVEMBER 7, 2023

Ominously for most national residential real estate companies, the end of the Burnett vs. NAR class action trial in late October, with an emphatic victory for the plaintiffs, could be just the beginning of what may be years of new lawsuits, award rulings and major changes to how business is conducted. Boots-on-the-ground REALTORS® were not… The post Could the Portal Giants Be the Big Winners of the Burnett Verdict?

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Residential MLS Sales Industrial 117

Seattle Times Real Estate

NOVEMBER 7, 2023

The $970 million Seattle Housing Levy would fund new affordable homes, services in subsidized housing and rent assistance.

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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