Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. The perplexing part: Why are home prices not declining in this environment? It boils down to two factors, according to housing-industry experts: a lack of housing inventory , or supply; and high demand for that limited housing stock — which also is fueling a jump in new-home sales.

Renovation 466

Renovation Sales Investor Mortgages 466

Real Estate News

JULY 6, 2023

The Baird & Warner CEO shares how his family business has thrived in a cyclical, sometimes “regressive” industry, and discusses the future of buyer agency.

Brokerage 264

Brokerage Industrial 264

Housing Wire

JULY 6, 2023

Mortgage rates jumped this week as investors grapple with persistent positive economic data and a hawkish Fed. The Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.81% as of July 6, up significantly from last week ’s 6.71%. By contrast, the 30-year was at 5.30% a year ago at this time.

Mortgages 384

Mortgages Construction New Construction Investor 384

Real Estate News

JULY 6, 2023

A former employee has withdrawn a lawsuit alleging she was unfairly fired after ending a relationship with the National Association of Realtors president.

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Housing Wire

JULY 6, 2023

The Consumer Financial Protection Bureau (CFPB) released its 2022 Fair Lending Annual Report to Congress last week, which illustrates how it took aim last year at redlining and appraisal discrimination in pursuit of its enforcement and supervision, guidance and rulemaking, interagency coordination, and outreach and education missions. The CFPB in 2022 focused heavily on redlining; potential discrimination in the underwriting process; whether lenders are “illegally steering applicants on a prohib

Lending 384

Lending Technology Loans Mortgages 384

Real Estate News

JULY 6, 2023

At 6.81%, the weekly average for a 30-year fixed-rate mortgage is the highest level seen since last fall, when rates spiked above 7%.

Fixed-rate mortgage 247

Fixed-rate mortgage Mortgages 247

Keeping Current Matters

JULY 6, 2023

One of the biggest challenges in the housing market right now is how few homes there are for sale compared to the number of people who want to buy them.

Sales 216

Sales Marketing 216

Housing Wire

JULY 6, 2023

Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac released updates on Wednesday related to condominium and co-operative project standards policies for properties in need of critical repairs and special assessments. “At the direction of the FHFA, Fannie Mae and Freddie Mac have worked together to update project review requirements to assist lenders in identifying projects that may have issues that result in unsafe conditions, and to promote sustainable homeownership,” the update

Inspection 370

Inspection Finance Sales As-is 370

Inman

JULY 6, 2023

Existing-home sales are expected to tumble to a 12-year low by the end of 2023, but they won't stay that way for long, Realtor.com Chief Economist Danielle Hale predicted on Wednesday.

Sales 170

Sales Agents Marketing 170

Housing Wire

JULY 6, 2023

Apprasial management company Valligent , which was recently acquired by enterprise risk management and collateral valuation services provider VerosTM , announced today that it has integrated with the ICE Mortgage Technology platform Encompass. The Encompass platform by Ice Mortgage Technology offers innovative solutions for the mortgage industry and provides seamless integration capabilities and a marketplace for various mortgage-related products and services.

Technology 370

Technology Mortgages Lending Equity 370

Advertiser: Trellis

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

Inman

JULY 6, 2023

Janelle Brevard initially sued the National Association of Realtors, claiming her firing was a form of harassment and retaliation. The case ended Thursday, though many questions still remain.

MLS 164

MLS Brokerage Industrial Agents 164

Housing Wire

JULY 6, 2023

Finance of America (FOA) announced Thursday that its indirect subsidiary Incenter closed the sale of its title insurance businesses. The company previously announced that it would be selling its title insurance businesses in early February. “The completion of this transaction marks another important step in the execution of Finance of America’s long-term growth strategy designed to help Americans achieve their retirement goals through the use of home equity,” Graham Fleming, the CEO of FOA

Title 370

Title Closing Sales Finance 370

Inman

JULY 6, 2023

Dallas-based team leaders Jason Castro and Liz Mello have moved their team, The Castro Group, to Compass. They are the 48th agent or team to move from Coldwell Banker to Compass this year.

Agents 157

Agents Brokerage 157

Housing Wire

JULY 6, 2023

First American Financial Corporation announced this week the appointment of Jody Mulkey as its chief technology officer. In this role, Mulkey will lead the corporate product development team, which is responsible for building and enhancing enterprise products across multiple First American divisions. “We’re committed to developing innovative digital products that improve the customer experience by reducing risk and streamlining processes,” said Ken DeGiorgio , chief executive o

Technology 369

Technology Development Title Banks 369

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Sales

Inman

JULY 6, 2023

The average sale price nationwide just exceeded 100% of list price for the first time since August of last year, according to a new market report from Redfin released on Thursday.

Sales 148

Sales Marketing Agents 148

Housing Wire

JULY 6, 2023

Wolters Kluwer Compliance Solutions , a provider of risk management and regulatory compliance solutions, announced this week the appointment of Vikram Savkar as its new executive vice president and general manager. In this role, Savkar will be responsible for the management of an expanding business unit within Wolters Kluwer that focuses on product innovation and technological advancements. “I am thrilled that a capable, experienced leader with Vikram’s strong skillset has taken the

Technology 364

Technology Banks Development As-is 364

Inman

JULY 6, 2023

Whether you’re an agent parting ways with a team you’ve outgrown, or a team releasing an agent back into the industry for lack of production or disrupting the team culture, there’s a proper way to part ways to maintain both parties’ professionalism and reputation, Erin McCormick Torres writes.

Agents 148

Agents Industrial Brokerage 148

Eye on Housing

JULY 6, 2023

The count of open, unfilled jobs for the overall economy moved lower in May, falling to 9.8 million. While ongoing tight labor market conditions have likely confirmed one to two more Fed rate hikes through the start of the Fall, the JOLTS survey is another data point indicating an ongoing but gradual cooling of macro conditions. The count of open.

Construction 116

Construction Marketing 116

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

Inman

JULY 6, 2023

Knowing which platforms to advertise on, which strategies are the most effective on those platforms, and how to deliver on promises to clients will help with marketing effectively in any digital space, writes Victoria Kennedy.

Marketing 148

Marketing Agents 148

Brownstoner

JULY 6, 2023

A lottery has opened for 341 apartments in the 100 percent affordable Atlantic Chestnut development under construction in Cypress Hills on the site of a former food processing plant that burned down in 2012. The Atlantic Chestnut phase one lottery is for the first 14-story building in the three-building, 1,294,400-square-foot development… Read More > The post Affordable Housing Lottery Opens in Cypress Hills for $419 Studios and $722 Three-Bedrooms appeared first on Brownstoner.

Construction 105

Construction Development Marketing 105

Inman

JULY 6, 2023

The blockchain and Web3 advocate said its artificial intelligence-enhanced and optical character recognition-backed update will increase workflow efficiency and augment data dissemination.

Technology 148

Technology 148

Sotheby's International Real Estate

JULY 6, 2023

Jenny Landey and Zacheriah Dayton – Sotheby’s International Realty – East Hampton Brokerage Sometimes the most meaningful luxury lifestyles are only discovered through experiment and experience. This is why many prospective luxury homebuyers opt to rent in different enticing locations before committing to a property purchase. Not only does this allow them to judge whether a particular area has all the practical and recreational amenities they desire, it also lets them discover

Brokerage 104

Brokerage 104

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

Inman

JULY 6, 2023

Facebook is an important marketing tool that, if used correctly, can help a real estate professional generate leads and stay top of mind with clients, writes marketing expert Laura Stace.

Marketing 148

Marketing Technology Agents 148

RIS Media

JULY 6, 2023

The 30-year fixed-rate mortgage (FRM) rose from last week’s average of 6.71% to an average of 6.81% this week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: 30-year fixed-rate mortgage averaged 6.81% as of July 6, 2023, up from last week when it averaged 6.71%. A… The post Mortgage Rates Rise Again appeared first on RISMedia.

Fixed-rate mortgage 98

Fixed-rate mortgage Mortgages Marketing Industrial 98

Inman

JULY 6, 2023

The HGTV star and house-flipping expert learned the hard way that nothing in life would be handed to him. But he also learned that by "taking massive action," the possibilities in life are limitless.

House Flipping 148

House Flipping Short sale Design Sales 148

RIS Media

JULY 6, 2023

RISMedia mourns the loss of longtime friend and team member James “Jimmy” Jones, who passed away unexpectedly on June 26, 2023. With the company since 2007, Jones was an integral part of RISMedia, handling a variety of critical responsibilities as the firm’s information technology manager. “We all lost a wonderful colleague and friend, a person… The post In Memoriam: James Jones, RISMedia Information Technology Manager appeared first on RISMedia.

Technology 98

Technology Agents 98

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Agents

Inman

JULY 6, 2023

Inman sat down with Tyler Whitman to get the Real Tea on post-reality TV life, Glitter and Gay with Glennda Baker, his new Hamptons locale and upcoming projects in the works.

Brokerage 148

Brokerage Agents 148

RIS Media

JULY 6, 2023

RISMedia’s Broker Confidence Index (BCI) appears to be see-sawing as the industry slides into an atypical summer season, jumping again in June after a sharp dip in May, with real estate business leaders still contending with a hard inventory crunch and persistently high interest rates. Emerging shakily from the housing “correction” and hounded by gloomy… The post Broker Confidence Rebounds Despite Inventory Woes appeared first on RISMedia.

Industrial 98

Industrial MLS Marketing 98

Inman

JULY 6, 2023

Watch this week's latest Inman Access classes and dive into content creation techniques for increased engagement and the latest trends being seen in the new development space.

Development 147

Development Agents Marketing 147

BubbleInfo

JULY 6, 2023

Mortgage rates will be surging after the jobs report today, and you might wonder about the impact. The Fed doesn’t meet again until the last week of July, and, by then, it will be certain that they will bump another quarter or half-percent.

Mortgages 98

Mortgages Loans 98

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