RIS Media
JULY 12, 2023
Home prices registered a record high in May, but inventory remains low and affordability continues to be out of reach, according to a new report from Black Knight. Black Knight’s latest Mortgage Monitor reported that the seasonally adjusted Black Knight Home Price Index (HPI) hit a new record high in May, with the pullback in… The post Home Prices Hit Record High in May appeared first on RISMedia.
Housing Wire
JULY 12, 2023
Three veteran sales executives at Movement Mortgage have parted ways with the South Carolina-based lender to join the competitor Summit Funding, sources told HousingWire. Deran Pennington, who spent the last 15 years at Movement and until June 2023 held a national sales director position, is joining Summit as a divisional leader in Charlotte. Pennington’s departure comes a few months after Brady Yeager , a mortgage executive with over 21 years in finance and mortgage lending roles, joined
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Real Estate News
JULY 12, 2023
Mark Willis, who previously served as both president and CEO at KW, is rejoining the company to assist with its market center growth.
Housing Wire
JULY 12, 2023
United Wholesale Mortgage (UWM) on Wednesday announced two new home-affordability mortgage products designed to help underserved borrowers become homeowners. UWM, America’s top mortgage lender, is offering Special Purpose Credit Programs (SPCP) for Fannie Mae ‘s HomeReady and Freddie Mac ’s BorrowSmart Geo-Target programs. These offerings will be available in select metro areas including Detroit, Baltimore and Chicago for Freddie Mac’s BorrowSmart and Detroit, Baltimore, Chicago, Atl
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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.
Real Estate News
JULY 12, 2023
T3 Sixty has sent an open letter to the real estate industry, urging everyone to take action now to get ahead of potential rulings in commissions lawsuits.
Housing Wire
JULY 12, 2023
As mortgage rates reached their 2023 peak , mortgage applications rose slightly but remained very low last week. For the week that ended July 7, mortgage applications rose 0.9% from the prior week , according to data from the Mortgage Bankers Association. “Incoming economic data continue to send mixed signals about the economy, with the overall impact leaving Treasury yields higher last week as markets expect that the Federal Reserve will need to hold rates higher for longer to slow inflation.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
JULY 12, 2023
Purchase loans continue to claim a larger share of the origination pipeline as refinance opportunities dwindle, according to Black Knight ’s originations market monitor report. In June, purchase locks made up 88.4% of the month’s market mix, a record high. Purchase lock counts were down 31% year over year and 29% compared to pre-pandemic levels in 2019.
Real Estate News
JULY 12, 2023
After Howard Hanna announced it was dropping IDX, the listings feed service has been a hot topic. But how does it work, and why does it matter?
Housing Wire
JULY 12, 2023
CrossCountry Mortgage (CCM), the nation’s third largest retail mortgage lender, announced this week that it has created a new position, the senior vice president of housing initiatives, which is aimed at expanding affordable housing options. The company has named Jayma Banks to fill this role. In this role, Banks will focus on community products, including CCM Community Promise, CCM Smart Start, and other down payment assistance programs.
Real Estate News
JULY 12, 2023
The Consumer Federation of America suggests that new and less committed agents are bad for the industry and "deprive" their full-time peers of commissions.
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.
Housing Wire
JULY 12, 2023
Mike Cagney’s Figure Technologies announced a collaboration with CMG Financial , CrossCountry Mortgage , Fairway Independent Mortgage and The Loan Store as private-label partners. The collaboration with several of the country’s top independent mortgage banks is aimed at getting Figure’s home equity line of credit ( HELOC ) products in front of homeowners who have seen equity grow in recent years.
Inman
JULY 12, 2023
The deal raises the amount homeowners can exempt from the taxable value of their properties from $40,000 to $100,000, ensuring Texas will remain among the fastest growing states in the U.S.
Housing Wire
JULY 12, 2023
BlackFin Group announced on Wednesday the appointment of Christopher Call as the principal consultant on the BlackFin Group Professional Services team. In this new role, Call will assume leadership of the expanding team. The professional services team primarily focuses on providing assistance to lenders and mortgage technology vendors in implementing new systems, conducting quality assurance testing, facilitating requirements gathering training, managing change, configuring systems, handling sys
Inman
JULY 12, 2023
A year and a half after Keller Williams legally blocked eXp World Holdings' attempt to recruit Mark Willis, the former KW CEO has returned to his roots in a new consulting role, Inman has learned.
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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.
Housing Wire
JULY 12, 2023
Inflation cooled significantly last month, representing arguably the most promising news for the housing industry since the Federal Reserve began instituting aggressive price control measures 16 months ago. But it’s just one report, and the Fed is likely to stay the course until signs point to a ‘break’ in the labor market, economists said.
Inman
JULY 12, 2023
The typical home value breached $350,000 for the first time in June, a new peak in typical values according to a report by Zillow. Redfin shows nearly 92 percent of homeowners have a mortgage rate below 6 percent.
Bigger Pockets
JULY 12, 2023
Are you considering a career in real estate investment trusts? We talk about the various implications and why this may be a good (or bad) career for you!
Inman
JULY 12, 2023
ShowingTime+, an offshoot of Zillow, has released Listing Showcase, a new way to market listings on the popular consumer search site.
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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.
Bigger Pockets
JULY 12, 2023
When a viral tweet showed that Airbnb revenue was falling across top markets, investors started getting nervous. But was the data real? Or is everything is just fine? Read the learn the full story.
Inman
JULY 12, 2023
Find out how a well-crafted YouTube plan underscores the power of innovation in real estate marketing for both the individual agent and the service they provide.
Maximum Exposure Real Estate
JULY 12, 2023
What is The Cost of Termite Inspections? When protecting your home from the destructive nature of termites, a termite inspection is a crucial step. Termite inspections help identify existing termite infestations or potential risks, allowing homeowners to take appropriate measures to safeguard their property. However, one common question is, “How much does a termite inspection […] The post Unveiling The Cost of a Termite Inspection appeared first on Maximum Real Estate Exposure.
Inman
JULY 12, 2023
If you've got big goals for your real estate business, do these three things within your first five years to set yourself up for success.
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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.
RIS Media
JULY 12, 2023
The downward trajectory of U.S. inflation has held firm as the latest Consumer Price Index (CPI) released this morning provided further evidence that the Federal Reserve’s efforts to get the economy back on track are working. The U.S. Bureau of Labor Statistics reported that the CPI hit 3% in June, down a percentage point from… The post U.S.
Inman
JULY 12, 2023
A number of insurance providers have left Florida over the last year, apparently driven away thanks to extreme weather and a challenging legal landscape.
Fancy Pants Homes
JULY 12, 2023
In San Diego’s North County, in the affluent community of Rancho Santa Fe — best known for its luxurious homes, breathtaking landscapes, and overall exclusivity — lies a striking 2.86-acre compound that recently hit the market. Designed by locally renowned architect, Dena Gillispie, the sprawling compound sits on an elevated ocean view lot in Stonebridge (a gated, residential, and equestrian community located in westernmost Rancho Santa Fe that was developed in the 1980s and 19
Inman
JULY 12, 2023
Your personal brand is the foundation of your business. Here's how to bring clarity and consistency to the message it conveys.
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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.
Brownstoner
JULY 12, 2023
A phoenix rises at the intersection of Flatbush Avenue Extension and DeKalb Avenue: After a false start and a change of operators, the formerly magnificent but long-defunct Brooklyn Paramount Theatre in Fort Greene is being revamped by the world's largest live entertainment company and will reopen in 2024 as a… Read More > The post Brooklyn’s Once Opulent Paramount Theatre to Be Restored by Global Entertainment Giant appeared first on Brownstoner.
Inman
JULY 12, 2023
Despite having cooled for more than a year, the median asking rent in the U.S. remained just $24 below its all-time high as of June 2023, Redfin reported.
RIS Media
JULY 12, 2023
Editor’s Note: Social Skills is a bi-monthly feature in RISMedia’s Daily News focused on social media and digital marketing tips, trends and solutions for agents and brokers. In the wake of Elon Musk buying Twitter and making some highly unloved changes, Instagram has dropped their new app Threads to compete with the seemingly downfalling platform.… The post Social Skills: What Is Instagram’s New Threads App All About?
Inman
JULY 12, 2023
While investors expect one more Fed rate hike this month, mortgage rates are already retreating on expectations that the Federal Reserve could reverse course next year.
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