Housing Wire

JANUARY 23, 2024

Real estate agents need to brace themselves for a shift as we witness a market more reminiscent of previous pandemic years. It’s a delicate balance between interest rates and equity. Real estate agents should keep an eye on new developments and leverage these opportunities to meet the evolving needs of their clients.

Agents 442

Agents Equity New Construction Days on market 442

Housing Wire

MAY 23, 2022

HousingWire recently spoke with Barry Coffin, managing director of home equity title/close at ServiceLink , about the ways lenders can capitalize on these trends by revving up their home equity solutions. Barry Coffin : It’s a good time to prioritize home equity transactions for a couple of reasons.

Equity 382

Equity Title Technology Loans 382

Housing Wire

MARCH 24, 2022

Back in 2018, Robert Reffkin exuded that Compass agents were literally invested in the brokerage’s success. Reffkin, the CEO and co-founder of Compass, told The Real Deal then that 1,149 of the company’s about 7,000 agents, or around 16%, returned to Compass some revenue from sales commissions in exchange for company stakes. .

Agents 382

Agents Equity Brokerage As-is 382

Housing Wire

JULY 28, 2022

Even those with a considerable equity stake may find themselves in this dilemma. What can lenders do to help borrowers facilitate a sale, protect the equity in their home, and potentially remain in their home following the sale by negotiating a leaseback option? The borrower’s equity can be further eroded by legal and other fees.

Equity 382

Equity Title Banks Title search 382

Housing Wire

SEPTEMBER 18, 2020

Last week, Keller Williams ’ International Agent Leadership Council voted unanimously on a motion to amend its belief system and to add an additional committee, as introduced by Kymber Menkiti and John Clidy, co-chairs of the KW National Social Equity Task Force. This mindset should be included in our belief system.”.

Equity 424

Equity Development As-is Agents 424

Housing Wire

MAY 13, 2024

Notice of default – Almost ready to lose their home and they have equity that they would like to get out of it. Divorce – Couples going through divorce will often be considering selling their home. Relocation – When a move must happen due to a job change or some other life circumstance.

Agents 432

Agents Title Equity As-is 432

Housing Wire

SEPTEMBER 7, 2023

The brokerage on Thursday launched Accelerate , an incentive program that helps agents maximize their revenue share earning potential during their first year with the brokerage. The program is available in all 24 countries where eXp Realty operates and it is open to agents who joined on or after March 1, 2023.

Agents 393

Agents Brokerage Equity Design 393

Housing Wire

OCTOBER 19, 2023

In his testimony, Gansho confirmed that NAR’s “Antitrust Compliance Guide” states that members should not discuss fees with competitors and that agents should never use statements such as, “I’d like to lower the commission, but no one will show your house.” We don’t tell people what to charge.”

Agents 404

Agents MLS Brokerage Equity 404

Housing Wire

JUNE 24, 2021

Mortgage startup Accept.inc announced Thursday it raised $90 million in debt and equity. The all-cash contract signed between Accept.inc and the seller is still contingent on a satisfactory inspection that can be negotiated between the buyer and agent. The home is then sold back to the buyer at the same price that it was purchased for.

Equity 393

Equity Proof of funds Pre-approval Investor 393

Inman

OCTOBER 19, 2023

People often fear operating within equity and equality means selecting individuals solely based on that, Broker Zak Shellhammer explains, but equity and equality are not about favoring one over another.

Equity 159

Equity Agents 159

Housing Wire

MARCH 19, 2024

“Calque can help established lenders and real estate agents meet consumer needs without disintermediating them or disrupting their traditional roles. Unlike many other buy-first mortgage solutions companies, Calque also allows borrowers to work with the agent of their choice and any lender in the Calque mortgage provider network.

Equity 423

Equity Mortgages Agents Sales 423

Housing Wire

AUGUST 14, 2023

Understanding and activating home equity. Home-equity products also provide a path to financing home improvement projects that can raise the value of a home, while clients wait for the environment for putting a home on sale to improve. Hikes in interest rates also affect the price of revolving debt.

Equity 370

Equity Agents Residential Finance 370

RIS Media

APRIL 25, 2024

Ryan Davis, vice president of Diversity, Equity and Inclusion (DEI) at the National Association of REALTORS® (NAR), has evolved into a leader that over 1.5 million members across over 1,000 state and local REALTOR® associations turn to for strategy and guidance.

Equity 126

Equity Industrial Agents 126

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. The lender and LO can make or break the transaction.”

Agents 393

Agents Loan Officer Lending MLS 393

Housing Wire

JANUARY 14, 2022

The market last year was unprecedented,” said Mark Siwiec, a Keller Williams agent in Brighton, a town just southeast of Rochester. “It in November, per Redfin, suggesting listing agents perhaps underestimated continued market demand. It left us breathless. In addition, the sale-to-list price ratio was 106.3%

Agents 414

Agents Inspection Marketing Equity 414

Housing Wire

JANUARY 5, 2024

As a real estate agent , it’s essential to stay aware of significant changes in interest rates and how they may affect market conditions so you’re better equipped to advise your buyers and sellers on everything from housing affordability to availability.

Fixed-rate mortgage 433

Fixed-rate mortgage Agents Marketing Lending 433

Housing Wire

OCTOBER 16, 2023

Here are the following strategies agents can use to guide first-time homebuyers toward achieving this monumental step. Agents must work with first-time buyers to mentally get them past the current rate, which is certainly not going to last forever. I’ll explain later.) We need to help them understand that they have the luxury of time.

Agents 404

Agents Seller concession Closing costs Mortgages 404

Housing Wire

MAY 10, 2024

The acquisition brings 125 additional agents to Real. By aligning with Real, we get to keep the heart and boost the power of our business by gaining access to state-of-the art technology , training, equity and a culture that meshes perfectly with ours. I’ve committed to always doing what’s best for my team, and this was a no-brainer.”

Brokerage 382

Brokerage Branding Equity Technology 382

RIS Media

MARCH 10, 2022

As the industry awaits HomeSmart’s IPO, the company has announced an equity-share program available to agents participating its Agent Referral Program. Referring agents will also receive performance awards for certain pre-determined transaction milestones their referrals complete.

Equity 98

Equity Agents Branding Brokerage 98

Housing Wire

APRIL 1, 2024

The recent settlement involving the National Association of Realtors and major real estate firms revolves around the practice of “broker cooperation,” where agents representing sellers share commissions with agents representing buyers.

Equity 464

Equity Agents Industrial Land 464

RIS Media

APRIL 20, 2022

Redfin has completed its big-ticket purchase of Bay Equity Home Loans. To that end, Kelman said that Redfin and Bay Equity have already hit the ground running by getting both sides in tune with each other. The Seattle-based company is integrating all lending operations under Bay Equity, which will still operate under that name.

Equity 98

Equity Loan Officer Lending Loans 98

RIS Media

JUNE 12, 2023

Hennepin County addresses the practice of “home equity theft,” where state and local authorities take foreclosed homes for tax sales, no matter how small the… The post SCOTUS, NAR Address Problem of ‘Equity Theft’ appeared first on RISMedia. Supreme Court in one of the most important property rights cases in a decade.

Equity 105

Equity Sales Industrial Agents 105

Housing Wire

DECEMBER 27, 2022

They are not selling and have a lot of equity in their homes. Homeowners in 2022 also tapped into their home equity, which peaked at $11.5 trillion in the second quarter of 2022, capitalizing on home equity loans and home equity line of credit (HELOC).

Equity 523

Equity Marketing Loans Bankruptcy 523

RIS Media

MAY 9, 2023

The amount of equity-rich homes decreased slightly from 48% in Q4 2022 to 47.2% in Q1 2023, marked the second straight quarterly decline, according to a new report from ATTOM.

Equity 108

Equity Mortgages Industrial Agents 108

Realtors Property Resource

OCTOBER 5, 2023

The RPR Mobile™ app is an indispensable tool for ambitious agents, as it simplifies complex tasks like generating CMAs or estimating equity on-the-go. The post Winning Over Sellers: Mastering CMAs and Equity Updates With the RPR app appeared first on Realtors Property Resource (RPR).

Equity 97

Equity Agents As-is 97

Housing Wire

MARCH 20, 2024

Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. This misconception obscures the reality that, historically, buyers lacked formal representation.

Debt-to-income ratio 471

Debt-to-income ratio Agents Equity Closing costs 471

Realty Biz

OCTOBER 23, 2023

JPAR® , a leading player in the real estate industry, has been recognized as a 2023 Top Franchise for Diversity, Equity, and Inclusion by Entrepreneur. This accolade underscores the company's commitment to promoting diversity, equity, and inclusion within its corporate culture and among its franchisees and agents.

Equity 95

Equity Branding Brokerage Agents 95

Lighter Side of Real Estate

JANUARY 10, 2024

Even if you haven’t done any major improvements to your house, the chances are your equity has grown considerably, which means you have some potential money that could be put to good use. Your equity is the difference between the amount your house is currently worth, and the amount you owe to any lenders.

Equity 81

Equity Loans Finance Mortgages 81

Housing Wire

APRIL 26, 2024

FHA will move forward with its proposal that permits contributions by the property seller, real estate agent, builder, or developer to HECM for Purchase borrowers’ closing costs,” the update said. The move will also stabilize housing for older Americans, according to Odette Williamson, a senior attorney with NCLC.

Closing costs 457

Closing costs Development Equity Mortgages 457

Housing Wire

OCTOBER 20, 2023

According to Ketchmark, the buyer’s agent portion of the commission on Ellis home sale accounted for 20.55% of her net equity, meaning the commissions for both agents ate up roughly 40% of the equity she had accumulated on the property. “It We had no problem paying for an agent to sell our house,” Burnett said.

Equity 404

Equity Agents Sales MLS 404

Housing Wire

FEBRUARY 14, 2024

As a result, homeowners either must sell their current home and suffer through double moves and short-term rentals to access the equity they’ve accrued, or they have to make contingent offers that require the sale of their current house to close. Calque’s collaborative BBYS solution doesn’t disintermediate agents or lenders.

Backup offer 414

Backup offer Loan Officer Home sale contingency Branding 414

Housing Wire

NOVEMBER 13, 2023

by 1% to 2% just by cutting the commission paid to buyer’s agents.” This is from the Editorial Board of The Wall Street Journal, “Ninety percent of transactions offer buyer agent commissions of exactly 3%.” Louis Federal Reserve that says American home equity amounted to nearly $30 trillion at the end of 2022.

Closing costs 352

Closing costs Equity Agents Technology 352

Housing Wire

MAY 7, 2024

The official magazine for the National Association of Realtors (NAR) recently touched on the topic of reverse mortgages, mentioning products such as the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) and addressing topics like the desires of baby boomers to age in place in their homes.

Mortgages 433

Mortgages Principal Equity Loans 433

Housing Wire

APRIL 4, 2022

Redfin completed its acquisition of Bay Equity Home Loans , paying $137.8 million premium over Bay Equity’s tangible book value” as of Feb. 22, according to the news release.The move allows Redfin agents in 91 markets to begin referring customers to one of 400 local Bay Equity loan officers as of Monday.

Closing 370

Closing Mortgages Loan Officer Pre-approval 370

Inman

FEBRUARY 16, 2023

Allies who actively engage in and promote diversity, equity and inclusion can help be a force for change. Real estate leaders have an important responsibility to help create a world without obstacles to homeownership.

Equity 124

Equity Brokerage Agents 124

HomeLight

OCTOBER 25, 2023

If you are relying on the equity in your current home to make a down payment on the new one, it may seem the only way the puzzle fits together is to sell, move out, and find a third location to live while you shop for the new house. Often referred to as a swing or interim loan, a bridge loan is usually pricier than your regular mortgage.

Equity 103

Equity Loans Debt-to-income ratio Closing costs 103

RIS Media

MARCH 22, 2022

Atlanta-based proptech company MooveGuru secured $5 million in equity in its latest round of funding from Victorum Capital and two other undisclosed parties. What’s more, the company has onboarded more than 110,000 Keller Williams agents onto its network and boasts vendor relationships with RE/MAX and Berkshire Hathaway HomeServices. “We

Equity 98

Equity Branding Agents Industrial 98