RIS Media

APRIL 28, 2023

Profit margins on median-priced single-family home and condo sales decreased from 48.7% in Q4 2022 to 44.2% in Q1 2023 as home prices stayed flat or kept declining around most of the nation, according to a new report from ATTOM. ATTOM’s Q1 2023 Home Sales Report found that the drop-off in typical profit margins marked… The post Home Sellers Experience Further Profit Declines in Q1 2023 appeared first on RISMedia.

Sales 98

Sales Industrial Agents Marketing 98

Housing Wire

APRIL 28, 2023

Wells Fargo and T.D. Jakes Group announced a 10-year partnership aimed at “revitalizing neighborhoods” and creating long-term change in communities most in need. The announcement comes a year after Bloomberg reported that only 47% of Black homeowners who completed a refinance application with Wells Fargo in 2020 were approved, compared with 72% of white homeowners.

Lending 458

Lending Banks Commercial Development 458

Real Estate News

APRIL 28, 2023

A new trends survey found that while most buyers still have trouble finding homes that fit their budget, more are optimistic about their chances.

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Housing Wire

APRIL 28, 2023

The Texas State Senate this week approved a bill that would limit the sale of its farmland to individuals and organizations associated with the governments of China, Iran, North Korea and Russia. Senate Bill 147 — the passage of which was first reported by the Texas Tribune — was passed in the Senate on a vote of 19-12, and restricts the “purchase or [acquisition of] title to real property in this state” for any governmental entity of the aforementioned nations.

Land 418

Land Sales Title As-is 418

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Real Estate News

APRIL 28, 2023

Expanding homeownership remains a crucial task, says Dr. Lisa Sturtevant, as the White-Black homeownership gap is even wider now than it was in 1970.

Marketing 259

Marketing As-is 259

Housing Wire

APRIL 28, 2023

Mortgage tech company Blend incurred a whopping $769 million loss in 2022, leading some mortgage tech analysts to question the company’s runway and survivability. Nima Ghamsari, CEO and co-founder of Blend, acknowledged that the company was focused on “too many things” a year ago. But Blend is now focused on cutting costs, growing its mortgage business and its Blend Builder platform – which Ghamsari noted will be the future platform of mortgages and consumer banking products.

Mortgages 396

Mortgages Banks As-is Equity 396

Housing Wire

APRIL 28, 2023

Like its other Big Four counterparts , the first quarter of 2023 did not produce great financial results for Old Republic. “As we started adjusting to the normal seasonal real estate markets , or which the first quarter has traditionally been the slowest, the continual rapid rise of interest rates couple with tight inventory certainly contributed to the softer market,” Carolyn Monroe, the president of the firm’s title segment, told investors and analyst’s during Old Republics first-quarter earni

Title 387

Title Commercial Residential Investor 387

Inman

APRIL 28, 2023

The event, which took place at The Wynn in Las Vegas, facilitated networking, relationship-building and education across about 3,000 of the brand's agents, brokers and staff.

Branding 167

Branding Agents Brokerage 167

Housing Wire

APRIL 28, 2023

Digital lending solutions provider DocMagic announced this week that it has added ADA-compliant mortgage loan documents to its document library. The new digital documents are accessible to visually impaired users and others with disabilities, unlocking opportunities for these consumers into the broader mortgage market. “Much of modern lending technology is designed to give consumers the convenience to access loan documents in the ways that work best for them.

Loans 382

Loans Lending Technology Design 382

Inman

APRIL 28, 2023

Although median home price growth has slowed from its once-maniacal pace, purchasing a home is still an expensive feat as existing-home prices reached $375,700 in March. Inflation and elevated mortgage rates have created additional financial pressure and placed homebuyers on precarious hunts for affordable homes — even if they have to switch their area codes.

Brokerage 167

Brokerage Sales Mortgages As-is 167

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

Industrial

Sotheby's International Real Estate

APRIL 28, 2023

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Los Angeles, California | Sotheby’s International Realty – Pacific Palisades Brokerage Carol Burnett, the iconic comedian and actress, has sold her longtime Los Angeles home for $3.7 million. Carol Burnett’s Longtime Los Angeles Home Sells for $3.7 Million – The Wall Street Journal Five of the World’s Best Homes for Sale with Landscaped Gardens – Financial Times Custom-Built Colonial in

Brokerage 139

Brokerage Sales Marketing 139

Inman

APRIL 28, 2023

As uncomfortable as New York City's rent hikes feel to many tenants now, they don't compare to the soaring prices of Singapore's prime rental market, The Wall Street Journal reported.

Marketing 167

Marketing 167

RIS Media

APRIL 28, 2023

VA loans can look very attractive if you are a veteran or in the military. They are a popular choice for eligible homebuyers with no down payment requirement and better interest rates. Despite offering good terms, they might not be the best option for everyone. Buyers need to know that VA loans have property condition… The post The Pros and Cons of VA Loans appeared first on RISMedia.

VA loan 130

VA loan Loans Industrial Agents 130

Inman

APRIL 28, 2023

Judge Thomas Zilly denied Zillow's motion for a protective order, saying CEO Rich Barton must complete three hours of questioning from REX's counsel about the company's "Project Bookshelf.

Brokerage 167

Brokerage Industrial 167

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Bigger Pockets

APRIL 28, 2023

How important is the real estate market you’re investing in? You could be searching for deals for months, not finding anything worth buying, and may want to call it quits.

Marketing 126

Marketing 126

Inman

APRIL 28, 2023

Billings, Montana, real estate agent Alyssa Webb was taking a cellphone video of the vacant home during a tour with clients when she turned a corner and came face to face with the vagrant.

Agents 167

Agents Technology Marketing 167

Eye on Housing

APRIL 28, 2023

Relatively lower interest rates (compared to fall 2022), slowing growth in home prices, and builder incentives are making an impact on buyers’ affordability expectations. In the first quarter of 2023, 73% of buyers reported being able to afford less than half the homes for-sale in their markets, down from a record high of 87% in the final quarter of 2022. .

Sales 122

Sales Marketing 122

Inman

APRIL 28, 2023

Adana Leonard and Tommy Kanarellis — who's returning to Compass after a stint at Douglas Elliman — focus on luxury listings and join the brokerage amid fierce competition for top agents.

Agents 158

Agents Brokerage Industrial 158

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Eye on Housing

APRIL 28, 2023

The most recent data release from the Bureau of Economic Analysis (BEA) showed that personal income increased 0.3% in March. The pace of personal income growth slowed after reaching a 0.8% monthly gain in October. Gains in personal income are largely driven by increases in compensation, personal income receipts on assets, and rental income. Real disposable income, income remaining after.

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Inman

APRIL 28, 2023

While homeowners are staying put out of reluctance to lock in higher mortgage rates, the few homes on the market are drawing competition, according to a report released Friday by Redfin.

Mortgages 158

Mortgages Marketing 158

RIS Media

APRIL 28, 2023

AI and the residential real estate ecosystem Most of the recent excitement over Artificial Intelligence has centered on generative AI, or more specifically, the ability of a chat bot to generate informed responses to complex inputs. While AI’s capabilities have an obvious potential for automatically generating property descriptions and marketing content, improving ad targeting, and… The post How Artificial Intelligence Will Change Real Estate: Should We Brace for Impact or Embrace It?

Residential 116

Residential Marketing Development MLS 116

Inman

APRIL 28, 2023

The chief real estate officer at OJO also believes teams will continue to get bigger, and that new agents will be willing to trade money for opportunity.

Brokerage 158

Brokerage Agents Technology 158

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RIS Media

APRIL 28, 2023

In February, RISMedia named more than 300 real estate professionals as 2023 Real Estate Newsmakers. Each of these individuals—separated into six categories—was either nominated by you, the RISMedia reader, or chosen by our editors. RISMedia Newsmakers also made newsworthy contributions within their own communities or the industry as a whole and have dedicated their lives… The post RISMedia’s 2023 Real Estate Newsmakers: Meet the Crusaders appeared first on RISMedia.

Industrial 106

Industrial Agents 106

Inman

APRIL 28, 2023

Inman asked chatbots and image generators to mimic human-made content, much of it from Inman's news coverage earlier this week. How many readers can see the difference?

Technology 158

Technology 158

RIS Media

APRIL 28, 2023

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. The 30-year fixed mortgage rate climbed modestly, according to the latest Primary Mortgage Market Survey® from Freddie Mac. The index shows that mortgage rates hit 6.43% this week, marking the second consecutive week of increases.… The post Mortgage Mix: Higher Mortgage Fees for Good Credit as Rates Rise appeared first on RISMedia.

Mortgages 106

Mortgages Industrial As-is Marketing 106

Inman

APRIL 28, 2023

Environment is everything when it comes to productivity and optimal outcomes, writes team leader Carl Medford. Here's how to create one that's conducive to success.

Agents 158

Agents 158

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RIS Media

APRIL 28, 2023

More leadership shakeups are taking place at Anywhere Real Estate. The real estate giant announced that industry icon Sherry Chris is retiring from her role as president and CEO of the Anywhere Expansion Brands portfolio. The real estate giant, formerly Realogy Holdings Corp., announced Thursday that Chris would be exiting her role at the helm… The post Sherry Chris to Retire From Anywhere Expansion Brands and Embrace the ‘Next Chapter’ appeared first on RISMedia.

Branding 106

Branding Industrial As-is Agents 106

Inman

APRIL 28, 2023

The "State of Real Estate Marketing" report released on Friday by Luxury Presence and Sell It Like Serhant surveyed over 1,000 luxury real estate agents to gain insights into agents' plans for marketing in 2023 and best practices.

Marketing 158

Marketing Agents Brokerage 158

Coldwell Banker

APRIL 28, 2023

Extra, extra! Read the Top 10 news items that ran in April about Coldwell Banker and its stellar agents. This is just a sampling of the 1,000+ mentions that occur every month. The post Top 10 Coldwell Banker Stories of the Month – April 2023 appeared first on Coldwell Banker Blue Matter.

Agents 105

Agents 105

Inman

APRIL 28, 2023

To launder the funds, the U.S. Attorney's Office says Rendon enrolled with a payroll processor to issue fraudulent checks to herself, friends and family. The agent faces up to 20 years in prison if convicted, though the government is reportedly recommending her sentence be reduced.

Agents 158

Agents 158

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