Keeping Current Matters

MARCH 8, 2023

A lot has changed over the past year, and you might be wondering what’s in store for the spring housing market.

Marketing 255

Marketing 255

Housing Wire

MARCH 8, 2023

The Washington State House of Representatives this week passed a bill that would ban single-family zoning statewide if passed by the Senate and signed into law by Gov. Jay Inslee, according to the Seattle Times and state legislative filings. Proponents argue that HB 1110 would increase the density of housing without adding to urban sprawl and would be critical in addressing the housing shortfall contributing to a high level of homelessness.

Construction 109

Construction Equity 109

Real Estate News

MARCH 8, 2023

Lawsuits aren't just a risk for large, national firms. Brokerages of all sizes are exposed to legal and regulatory threats and need to be proactive.

Brokerage 290

Brokerage Industrial 290

Housing Wire

MARCH 8, 2023

It is no secret that the housing market is suffering from an ongoing inventory drought. Existing housing inventory fell by 11,021 homes week over week for the week ending March 6, according to data from Altos Research. While many are hoping new build inventory can at least slightly ameliorate this situation, an analysis from Realtor.com , published on Wednesday, says otherwise.

Marketing 459

Marketing Construction New Construction Mortgages 459

Advertisement

Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

Development

Real Estate News

MARCH 8, 2023

Housing completions went up in 2021, but builders tapped the brakes in 2022. At the same time, more households formed, leading to an ongoing shortage.

Closing 264

Closing 264

Housing Wire

MARCH 8, 2023

As the housing market cooled further during the fourth quarter of 2022, homebuilders also continued to pull back on single-family construction. In Q4 2022, the year over year growth rate for single family construction fell across all geographic areas, according to the National Association of Home Builder’s (NAHB) Home Builder’s Geography Index published Tuesday.

Construction 435

Construction Residential Marketing As-is 435

Housing Wire

MARCH 8, 2023

It’s counterintuitive but real: Despite surging mortgage rates , borrowers’ demand for home loans rose last week. There were very low levels of mortgage applications in the weeks prior to the surprising uptick. However, a surge in demand for government loans and adjustable-rate mortgages (ARMs) played a role in last week’s increase.

Loans 397

Loans Fixed-rate mortgage Mortgages Loan Officer 397

Inman

MARCH 8, 2023

Zillow's Listing Media Services product is now available in Houston, Jacksonville, San Diego, Phoenix, Chicago and San Francisco, the search portal announced Wednesday.

Marketing 148

Marketing Technology 148

Housing Wire

MARCH 8, 2023

Chicago-headquartered lender Guaranteed Rate has expanded its program to approve loans within 24 hours nationwide. Dubbed the “ Same Day Mortgage ,” the program is aimed at giving a competitive edge to first-time buyers who are competing against the all-cash buyers who make up 28% of home purchases, the lender said. The program first rolled out to a select group of customers in 2022, resulting in $1.1 billion in closed loan volume, according to the lender.

Loans 397

Loans Closing Closing costs Mortgages 397

Inman

MARCH 8, 2023

Futures markets are taking the Fed chair at his word that policymakers may have to hike rates faster and take them higher to combat inflation

Mortgages 148

Mortgages Marketing 148

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

Housing Wire

MARCH 8, 2023

The 2023 mortgage industry merger-and acquisition wave has hit New Jersey. Two lenders based in the state are negotiating a deal: AnnieMac is in talks to acquire Family First Funding , according to former employees and business partners. More merger and acquisition deals are expected to happen as mortgage rates surge to the 7% level and origination volumes decline even further.

Loan Officer 397

Loan Officer Loans Mortgages Industrial 397

Inman

MARCH 8, 2023

The CEO of construction tech startup Welcome Homes thinks builders will have to take risks to prevent a massive affordability crisis, the likes of which haven't been seen since the early 1980s.

Construction 148

Construction Residential Technology 148

Housing Wire

MARCH 8, 2023

Homebuyers and sellers are being cautious due to current market conditions, as indicated by Fannie Mae ‘s home purchase sentiment index (HPSI). The HPSI — which tracks the housing market and consumer confidence to sell or buy a home — decreased 3.6 points in February to 58.0, breaking a streak of three consecutive monthly increases, according to Fannie Mae.

Sales 396

Sales Mortgages Closing Marketing 396

Inman

MARCH 8, 2023

The agents join Compass from Berkshire Hathaway HomeServices and boast at least 25 years of experience in the industry, Compass exclusively told Inman.

Industrial 148

Industrial Agents Brokerage 148

Advertisement

In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

Brokerage

Housing Wire

MARCH 8, 2023

The Consumer Financial Protection Bureau (CFPB) on Wednesday released a special edition of its Supervisory Highlights report that profiles “unlawful junk fees uncovered in deposit accounts and in multiple loan servicing markets,” including among mortgage servicers. “For years, junk fees have been creeping across the economy,” said CFPB Director Rohit Chopra.

Mortgages 389

Mortgages Inspection Principal Development 389

Inman

MARCH 8, 2023

Fannie Mae's National Housing Survey shows Americans are feeling less secure about keeping their jobs, and nearly 8 in 10 think it's a bad time to buy a home.

Mortgages 148

Mortgages Marketing 148

Housing Wire

MARCH 8, 2023

Ohio-headquartered Park National Bank will pay $9 million under a settlement with the U.S. Department of Justice (DOJ) to resolve allegations that it discriminated against Black and Hispanic neighborhoods in the Columbus area. The complaint, filed in federal court in the U.S. District Court for the Southern District of Ohio last month, alleged that Park National failed to provide mortgage lending services by redlining majority-Black and Hispanic neighborhoods in the Columbus area from at least 2

Banks 389

Banks Lending Loans Mortgages 389

Inman

MARCH 8, 2023

In this bootstrap economy, knowing how to capture professional pictures and videos of your listings could save you thousands in marketing expenses. Marketing expert Latham Jenkins shares his pro tips for using your iPhone to capture stunning, high-quality footage.

Marketing 148

Marketing Branding Technology Agents 148

Advertisement

As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

Agents

Housing Wire

MARCH 8, 2023

As expected, California-based mortgage lender loanDepot reported another unprofitable period in the fourth quarter of 2022, its third consecutive quarterly loss. The red ink resulted from declining mortgage production and came despite the company’s decision to exit the wholesale channel , trim its workforce , and invest in new products. The rough Q4 underscores the fact that loanDepot’s “Vision 2025” plan, which includes rightsizing its operations, will take many quarters

Purchase and sale agreement 370

Purchase and sale agreement Principal Loans Mortgages 370

Inman

MARCH 8, 2023

The beleaguered mortgage lender racks up a $610.4 million 2022 net loss despite cutting 6,100 jobs as rising mortgage rates cut into the company's lucrative refinancing business.

Mortgages 148

Mortgages Industrial 148

Housing Wire

MARCH 8, 2023

Six former employees are suing New Jersey-based Family First Funding, LLC and its three co-founders in a class-action-seeking lawsuit claiming the lender failed to pay them overtime. The plaintiffs worked as processors at the company in different periods from May 2018 through January 2023. The regular workday, according to them, was supposed to follow business office hours from Monday to Friday.

Loans 369

Loans Mortgages 369

Inman

MARCH 8, 2023

It can be challenging to discern meaningful data from the rest. Still, it's vital to grow your social media efforts effectively. You want to avoid what's called "vanity metrics" and measure the metrics that mean something.

Marketing 148

Marketing Branding Agents 148

Advertisement

Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

Agents

Eye on Housing

MARCH 8, 2023

Per the Mortgage Bankers Association’s (MBA) survey through the week ending March 3rd, total mortgage activity increased 7.4% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate rose eight basis points to 6.79%. The FRM rate has risen 61 basis points over the past month. The Market Composite Index, a measure of mortgage loan application volume, rose.

Mortgages 122

Mortgages Fixed-rate mortgage Loans Marketing 122

Inman

MARCH 8, 2023

Sens. Elizabeth Warren, Bernie Sanders, Tina Smith and Edward Markey said they investigated rental data firm RealPage and call for more scrutiny of the company’s role in nationwide rent growth.

148

148

Propmodo

MARCH 8, 2023

The idea of rent control may be making more headlines lately, but it’s far from a new idea. The history of rent control in America dates to World War I, where, between 1919 and 1924, several cities and states adopted the policies. Rent control was also widespread during the Great Depression and World War II-era housing shortages, though not all states adopted it.

Residential 112

Residential As-is Development 112

Inman

MARCH 8, 2023

The CFPB alleges mortgage servicers charged excessive late fees, assessed "fake" private mortgage insurance premiums and made homeowners pay for unnecessary inspections.

Mortgages 148

Mortgages Inspection 148

Advertisement

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

Coldwell Banker

MARCH 8, 2023

Congratulations to all the Coldwell Banker Realty affiliated agents in Atlanta for their 2022 sales success! The post Coldwell Banker Atlanta Agents Shine Like No Other! appeared first on Coldwell Banker Blue Matter.

Agents 108

Agents Sales 108

Inman

MARCH 8, 2023

As marketing budgets shrink, we want to know how you're maximizing the power of your past clients and sphere of influence.

Marketing 147

Marketing Branding Agents 147

Windemere Selling

MARCH 8, 2023

Your local market conditions dictate the real estate climate around you. Where things are on the buyer’s/seller’s market spectrum will impact how you and your Windermere real estate agent approach selling your home. As a part of this process, it’s important to understand the different types of markets and how their conditions play into accurately pricing your home.

Marketing 99

Marketing Days on market MLS Agents 99

Inman

MARCH 8, 2023

While many agents fear the replacement potential of AI, it may end up allowing the industry to continue working if the worst happens.

Agents 138

Agents Industrial Marketing 138

Advertisement

BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.

Brokerage