Fri.Apr 22, 2022

article thumbnail

Wells Fargo cuts mortgage jobs amid poor outlook

Housing Wire

A Wells Fargo bank branch. Wells Fargo & Co., the top depositary mortgage lender in the country, is cutting jobs in its home lending business, just days after reporting weak mortgage earnings in the first quarter of 2022. “The home lending displacements this week are the result of cyclical changes in the broader home lending environment,” a Wells Fargo’s spokesperson told HousingWire.

Mortgages 407
article thumbnail

eXp Realty Surpasses 80,000 Agents as Brokerage Continues Worldwide Expansion

RIS Media

eXp Realty ® has announced it has exceeded 80,000 agents globally, representing an increase of 50% when compared to 53,379 agents in April 2021. Glenn Sanford, founder, CEO and chairman of eXp World Holdings recently commented on the accessible leadership traits that underpinned eXp’s success as what he calls “the most agent-centric real estate brokerage on the planet.”.

Brokerage 106
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Blend plans to survive a shrinking mortgage market 

Housing Wire

Nima Ghamsari, CEO and founder of mortgage fintech Blend Labs. Publicly traded mortgage tech company Blend Labs isn’t changing its strategy to survive a shrinking mortgage market, even though a drop in originations is sapping its revenue stream and forcing it to trim its workforce. The Nima Ghamsari-led fintech is doubling down on its long-term strategy to offer a complete digital origination journey for clients.

Mortgages 395
article thumbnail

How to Get More Referrals (Without Being Annoying)

RIS Media

Referrals are the lifeblood of any business, and real estate is no different. In fact, referrals are so vital in real estate that many agents focus their entire business around generating them. And it makes sense—after all, what could be better than having a constant stream of high-quality leads coming in, day after day? But, how do you get that stream of leads that will fill your pipeline?

Agents 106
article thumbnail

3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

article thumbnail

HW+ Member Spotlight: Matthew Blanchard

Housing Wire

This week’s HW+ member spotlight features Matthew Blanchard, producing sales manager at Academy Mortgage Corporation. Blanchard previously worked art Loan Depot before joining in growing Academy Mortgage Corporation. Standing proudly since 1988, AMC has continued to build and promote a united culture for the lives of their employees, partners, homeowners, and communities.

article thumbnail

BoomTown Introduces Expanded Success Assurance Program

RIS Media

BoomTown announced the next evolution of its Success Assurance program, offering full database monitoring and engagement in addition to qualifying and engaging new leads on an agent’s behalf. “Any effective website or CRM should be monitoring behavioral data, but it’s the actions taken on those insights that drives success and realizes ROI for real estate businesses,” said Grier Allen, CEO & President of BoomTown.

More Trending

article thumbnail

High Home Prices Are Leading More Buyers To Give Up Home Search

Eye on Housing

An earlier post revealed that 67% of buyers who were actively engaged in the process of finding a home in the 1st quarter of 2022 have spent 3+ months searching for a home without success. By far, the most common reason these long-term searchers cite for not having bought by now is their inability to find an affordable home (48%). .

111
111
article thumbnail

Seller & Buyer Survey

BubbleInfo

[link] This looks pretty normal: In an era where 50% or more of the homes for sale receive multiple offers, yet half or more of the sellers don’t ask the buyers to improve their offer – they just grab one instead? Money is being left on the table coast-to-coast: We make sure you don’t end […].

Sales 105
article thumbnail

Redfin Partners with Constellation1 to Power Market Expansion

RIS Media

Constellation1 has announced that it has been selected by Redfin to provide MLS data delivery and processing via the Constellation1 Real Estate Data APIs. The deal reinforces the commitment of Constellation1 to providing top-tier data quality and services to brokerages, franchises, MLSs, and vendors, the company stated. ?. According to a company statement, Redfin relies on access to high-quality listing data capable of providing real-time updates to power its brokerage, website, and apps, includ

MLS 105
article thumbnail

Mortgage and refinance rates today, April 22, 2022

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates rose yesterday, setting a new recent high. Indeed, it’s a new high for longer than just recently: You have to go back […].

Mortgages 102
article thumbnail

Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

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.

article thumbnail

The Business Plan: Your Fixed Point in a Turbulent Market

RIS Media

Everyone in real estate, particularly brokers and team leaders, face significant challenges as they try to run a profitable business in 2022. Historically low inventory, buyers flooding houses with offers, turbulent recruiting and retention conditions—we’ve heard it all. We talk a lot about the importance of planning for times such as this, and for good reason.

Marketing 102
article thumbnail

An Estate Condition Clinton Hill Italianate and Three More to See, Starting at $1.6 Million

Brownstoner

Our picks for open houses to check out this weekend are found in Clinton Hill, Bay Ridge, Windsor Terrace and West Midwood. They range in price from $1.6 million to $3.5 million. In the Clinton Hill Historic District, this 1870s Italianate is need of an old house lover looking to take… Read More > The post An Estate Condition Clinton Hill Italianate and Three More to See, Starting at $1.6 Million appeared first on Brownstoner.

article thumbnail

11 Closing Gift Ideas for Spring

RIS Media

Even amid what’s been an ongoing busy market over the last couple of years, Spring is still widely considered the best season to sell a house—May especially. The warmer, longer days and spring-bloom boost in curb appeal offer real estate professionals the opportunity to make clients feel extra sunny with a gift that speaks to their season of growth as a new homeowner.

Closing 102
article thumbnail

Daily Links: Citizens Who Assisted in Capture of Sunset Park Subway Shooting Suspect Honored

Brownstoner

In the News Four Who Helped Catch Subway Shooting Suspect Get City’s Thanks [NYT] Inside the Rockin’ Brooklyn Firehouse Home We Bought for Just $175K [NYP] ‘Something Out of a Movie’: Kensington Fire Injures Eight [BP] The Man Dubbed Brooklyn’s ‘Most Dedicated Volunteer’ [BK Reader] Mission Sandwich Social Will Bring 'Big, Saucy' Subs to 'Burg… Read More > The post Daily Links: Citizens Who Assisted in Capture of Sunset Park Subway Shooting Suspect Honored appeared first on Brownstoner

98
article thumbnail

Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

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.

article thumbnail

Foreclosure Starts and Bank Repossessions Reach Highest Levels in Two Years

RIS Media

While it’s not the wave that forecasters expected back in 2020, life after a nationwide foreclosure moratorium has resulted in a seemingly dramatic uptick in U.S. activity, according to recent reports by ATTOM Data Solutions. The organization released its Q1 2022 U.S. Foreclosure Market Report , which shows 78,271 U.S. properties with a foreclosure filing during the first three months of 2022.

Banks 98
article thumbnail

Loyal Customers Bring Brooklyn Heights’ Popular Vineapple Cafe Back to Life

Brownstoner

After one of Brooklyn Heights’ staple restaurants closed its doors in 2019, a couple who loved the eatery made it a mission to bring its signature meals back to the neighborhood. When Vineapple Cafe, an Italian-esque eatery located on Pineapple Street just blocks from the Brooklyn Heights Promenade first closed for… Read More > The post Loyal Customers Bring Brooklyn Heights’ Popular Vineapple Cafe Back to Life appeared first on Brownstoner.

Closing 98
article thumbnail

Headliners Week of 4/17-4/23

RIS Media

Catch Up on This Week's Biggest Stories. /wp-content/uploads/2022/04/Headliners_042322_OPT.mp4. RISMedia Executive Editor Maria Patterson delivers this week's Headliners, a video recap of the week's most important stories in real estate. Share on Facebook Share on Twitter. Read This Week's Top Stories. Life After Conservatorship: FHFA Preparing Fannie and Freddie for the Eventual Exit.

MLS 98
article thumbnail

Ask a coach: Do I need to pay for real estate leads?

Real Trends

There is doubt that lead generation programs are big money makers — for those selling those leads to agents, or for brokerages getting agents to come to them with a promise of leads. In my opinion, they are huge money- and time-suckers for agents, however. I believe Steve Murray (senior advisor to RealTrends ) once wrote about how agents are paying on average from these sources of over $3,300 per closed lead.

Agents 93
article thumbnail

Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

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.

article thumbnail

Should I Get a Lawyer Before Talking to Insurance?

Realty Biz

Suppose you or someone you love has been injured in an accident. In that case, it is critical to seek the assistance of an experienced personal injury lawyer before talking to the insurance company. Once you have legal representation by your side, you will significantly increase your chances of securing a fair settlement for your claim. . Tactics Used by Insurance Adjusters.

As-is 91
article thumbnail

Fewer Prospective Buyers Are Actively Searching for a Home

Eye on Housing

A growing segment of prospective home buyers aren’t moving past the planning stage. At its peak in mid-2021, 61% were actively trying to find a home to buy. Now, the share is back to pre-pandemic levels, at 46%. This is clear evidence that higher mortgage rates and double-digit growth in home prices are discouraging a growing share of buyers from.

Staging 95
article thumbnail

Luxury Real Estate Headlines: Third Week in April 2022

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Naples, Florida | Rebecca Sinatra, Premier Sotheby’s International Realty. A bayfront estate in Naples Bay, Florida, with 158 feet of water frontage has hit the market with a $25 million asking price. Naples, Florida, Bayfront Estate With a Private Dock Listed for $25 Million – Mansion Global.

article thumbnail

Who Profits Most From Unaffordable Housing?

Toronto Realty Blog

TorontoRealtyBlog. Those of you who are not currently working in the real estate industry probably aren’t familiar with the publication, “Real Estate Magazine,” or REM as we know it. REM’s “About Us” section reads: REM (Real Estate Magazine) is Canada’s premier monthly magazine for real estate professionals. REALTORS®, real estate agents, sales representatives, brokers, owners, administrators, and other real estate industry stakeholders read REM every month

Land 86
article thumbnail

Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

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.

article thumbnail

Going Green: Why It’s Good for the Environment and Your Property

App Folio

As society returns to a “new normal,” it’s more important than ever to develop a different perspective on how we.

article thumbnail

Higher rates may prompt homeowners to stay put, but how will that impact inventory?

Realty Biz

Approximately half of American homeowners who currently have a mortgage enjoy a rate of less than 4%. Given that interest rates are now closer to 5%, experts say this could prompt many to stay put, possibly resulting in more pressure on the already-low inventory of homes for sale. The thinking is that homeowners who’re locked into their current low mortgage rate are incentivized to stay where they are.

article thumbnail

Top tips for post-work productivity when all you want to do is chillax

The American Genius for Real Estate

(EDITORIAL) It is hard to get home after a long day and want to do more. Here are a few tips to make working after work less painful. The post Top tips for post-work productivity when all you want to do is chillax appeared first on The American Genius Real Estate.

69
article thumbnail

‘Christina in the Country’ Has a Lot To Prove. Plus, What Happened to the ‘Rock the Block’ Homes?

Realtor.com

Realtor.com / Getty Images. “ House Party” is the official Realtor.com® podcast about the overlapping worlds of home and pop culture, hosted by Rachel Stults and Natalie Way. Click the player above to hear our take on this week’s hot topics. We wrap up our “ Rock the Block ” talk with a discussion about the status of the houses designed on the show.

Design 59
article thumbnail

5 Data Proven Ways Agents Can Do 18% More Business

Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.

article thumbnail

Why you should try dressing to the nines while working from home

The American Genius for Real Estate

(EDITORIAL) You may be working from home, but your favorite oversized t-shirt says go back to bed. You feel and work your best when you look your best! The post Why you should try dressing to the nines while working from home appeared first on The American Genius Real Estate.

59
article thumbnail

After a Successful Streak of Savvy Real Estate Investments, Arnold Schwarzenegger Now Lives in a Pacific Palisades Mansion

Fancy Pants Homes

To say he’s living the American dream is an understatement. Arnold Schwarzenegger is an Austrian-born bodybuilder, turned Hollywood movie star, turned California governor. Not to mention, he married into the most famous American family of all time. While these credentials are nothing to sniff at, the Governator’s estimated net worth of $450 million started with very humble beginnings.

Title 59
article thumbnail

Non-QM lenders struggle to navigate volatile waters

Housing Wire

The mortgage market is facing a crisis today, and it’s being fueled by fast-rising interest rates. The rate escalation started at the beginning of this year and is continuing to play out. It’s a crisis that one industry executive describes as “a situation where we have to get the pig through the belly of the python.”. The mortgage industry, really the entire economy, is coping with fast-rising inflation further aggravated by jammed-up supply chains, the escalating war in Ukraine, and the related

Loans 395
article thumbnail

Mortgage Calculator: Why Every Investor Needs It

Mashvisor

A mortgage calculator is a tool that every real estate investor needs to use in order to make calculations and predictions about their investment.

article thumbnail

Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

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.