Housing Wire
JUNE 6, 2023
In honor of National Homeownership Month, Chase Home Lending unveiled on Tuesday an upgraded suite of resources for homebuyers to assist in navigating the homebuying process and managing homeownership. One resource unveiled by Chase is Lock and Shop, which enables buyers to lock in their mortgage rate for 90 days without an upfront fee when using Chase Homebuyer Advantage.
Real Estate News
JUNE 6, 2023
Gene Millman, the leader of Colorado's largest MLS, believes MLSs "have a bad habit of forming silos" — but by working together, they can be stronger.
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Housing Wire
JUNE 6, 2023
All 12 Federal Reserve districts have seen issues with a lack of housing inventory , which is largely due to existing homeowners holding back on listing their homes after previously locking in low mortgage rates. Demand from the buyer side has remained steady or increased, however, and new home builders have responded to inventory shortages by increasing speculative inventory production, according to the Federal Reserve Beige Book, released Wednesday.
Real Estate News
JUNE 6, 2023
Black Knight reports that recent borrowers had higher credit scores and larger down payments, suggesting that lenders have tightened their standards.
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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.
Housing Wire
JUNE 6, 2023
With rates around 6.9% and home prices still near record highs, homebuyers are demanding that their loan officers provide options to lower monthly mortgage payments as much as possible. Michael J. Barnes, a branch manager at Mann Mortgage , recently had a client who planned to live in a new home for five years before selling it. The client requested a cost analysis to compare monthly payments on a mortgage at 7.5% versus a 6.5% mortgage rate with a permanent rate buydown.
Keeping Current Matters
JUNE 6, 2023
With all the headlines circulating about home prices and rising mortgage rates, you may wonder if it still makes sense to invest in homeownership right now.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
JUNE 6, 2023
As part of the government debt-ceiling deal, student loan payments that had been paused for the past three years will resume at the end of August.
Housing Wire
JUNE 6, 2023
Top originator United Wholesale Mortgage settled a lawsuit with broker shop Mid Valley Funding , in which the broker shop was accused of violating UWM’s controversial ultimatum by sending loans to rivals Rocket Mortgage and Fairway Independent Mortgage. The settlement, reached on June 5, dismissed the lawsuit with prejudice, requiring Mid Valley to pay $40,000 to UWM, as the brokerage firm acknowledges that it sent loans to Rocket and/or Fairway after the ultimatum was in effect.
Inman
JUNE 6, 2023
High property taxes in Texas have in the past canceled out some of the state's affordability advantages. But political leaders are looking for ways to reduce homeowners' tax burden.
Housing Wire
JUNE 6, 2023
Nationwide Property & Appraisal Services LLC (NPAS), a pioneer in the real estate appraisal sector, announced on Tuesday the launch of its product line, Pinnacle Desktop Appraisals. This service delivers a cost-effective solution that enhances efficiency, accuracy, and impartiality, according to the company. Designed to cater to the needs of home equity lenders, fix and flip lenders, and bank default departments, Pinnacle Desktop Appraisals leverages the expertise of real estate professional
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.
Inman
JUNE 6, 2023
As the ADU trend continues to gain traction, Kendyl Young's role in equipping agents with the tools they need to navigate this new landscape is vital. Brandon Doyle talks to her about how she's helping to educate agents on this niche.
Housing Wire
JUNE 6, 2023
Cenlar FSB , the second-largest mortgage servicer and largest subservicer in the U.S., announced on Tuesday the promotion of two leaders in its wholesale bank division. Keith Austin has been promoted to director of asset management and valuation services. With over 25 years of experience in portfolio management, he brings to the role an extensive expertise in default mortgage servicing.
Inman
JUNE 6, 2023
My Link My Lead will enable eXp agents to share links to eXp's national search portal and automatically refer the leads generated outside of the agent's service area, the company said.
Housing Wire
JUNE 6, 2023
Rocket Mortgage is looking to hire local loan officers at a time when mortgage rates are high and the industry remains heavily reliant on the purchase market. The Michigan lender, which racked up record profits with its call center model during the pandemic due to a large number of refis, said hiring local LOs isn’t really a shift in its business model.
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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.
Inman
JUNE 6, 2023
In a busy landscape of tech tools and platforms, we wanted to understand what makes Breakthrough Broker custom marketing centers stand out to industry leaders who use it every day.
Housing Wire
JUNE 6, 2023
Sprout Mortgage and its ex-workers are close to settling several lawsuits over unpaid wages following the abrupt closure of the non-QM lender 11 months ago. A judge has yet to approve the deal. On June 1, attorneys representing the former employees filed a notice of motion for preliminary settlement approval in a federal district court in New York.
Inman
JUNE 6, 2023
In her first big move since becoming CEO, Kamini Lane revealed an organizational shakeup aimed at streamlining and supercharging Coldwell Banker Realty's recruiting, retention and growth strategy.
Bigger Pockets
JUNE 6, 2023
If you're wondering how long does it take to build a house, the answer can differ depending on the type of home you are constructing.
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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.
Inman
JUNE 6, 2023
In these times, double down — on your skills, on your knowledge, on you. Join us Aug. 8-10 at Inman Connect Las Vegas to lean into the shift and learn from the best. Get your ticket now for the best price.
RIS Media
JUNE 6, 2023
In Q1 2023, 1.25 million mortgages secured by residential properties (1 to 4 units) were originated, down 19% from Q4 2022 and the eighth quarterly decrease in a row, according to a new report from ATTOM. ATTOM’s Residential Property Mortgage Origination Report for Q1 2023 found that the 1.25 million mortgages was down 56% from… The post Mortgage Originations Fall to 20-Year Low appeared first on RISMedia.
Inman
JUNE 6, 2023
The most valuable asset you have is you, and the smartest investment you can make is to nurture and develop that asset at Inman Connect.
Bigger Pockets
JUNE 6, 2023
Too busy to buy rental properties? After this episode, you won’t have any more excuses.
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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.
Inman
JUNE 6, 2023
Bridge loans offer investors a quick and flexible way to finance an investment property, but they come with some disadvantages, writes Luke Babich, chief sales officer at Clever Real Estate.
Sotheby's International Real Estate
JUNE 6, 2023
“We can never have enough of nature,” Henry David Thoreau famously declared in the pages of Walden. If that esteemed author-philosopher were to retreat to the woods today, he might well choose this glass-walled oasis on New York’s Fisher Island rather than a meager cottage on the banks of a Massachusetts pond. At the estate known as Hooverness, secluded in an equally idyllic locale, expanses of glass all but erase the barriers between interior living space and nature.
Inman
JUNE 6, 2023
Merch isn’t just for rock bands and YouTubers. DOORA Properties Creative Director Janet Pozos shares strategies for creating an on-demand product line to promote your real estate business.
Brownstoner
JUNE 6, 2023
A lottery has opened for apartments in a 100 percent affordable building going up on the waterfront in Greenpoint. The six-story, 375-unit development is part of Greenpoint Landing, a 22-acre 10-building high-rise complex made possible by the 2005 Greenpoint-Williamsburg rezoning. Still under construction and set to open in the fall, the… Read More > The post Lottery Opens for Greenpoint Stabilized Units With Views, Central Air, Starting at $410 a Month appeared first on Brownstoner.
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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.
Inman
JUNE 6, 2023
Brad Smotherman bought 28 homes last month without traditional financing. He plans to double his business by the end of 2024. The Tennessee real estate investor told Inman how he does it.
Brownstoner
JUNE 6, 2023
In the News The Relief: Finding an Apartment. The Remorse: Living In It [NYT] One Man’s Mission to Make Running Everyone’s Sport [NYT] Ocean Hill Vending Machine Offers Free Narcan, Drug-Test Strips [NYP] April Bloomfield and Gabriel Stulman Head to Brooklyn [WSJ] Crown Heights Students Walk Out Against Gun Violence [BP] NYC Wants to Shelter Nearly… Read More > The post Daily Links: Free Narcan, Drug Test Strips at Ocean Hill Vending Machine to Combat Surge in Overdoses appeared first
Inman
JUNE 6, 2023
The Consumer Financial Protection Bureau warns of reputational and legal risks of relying on "deficient chatbots" as the primary mode of interacting with customers.
Bigger Pockets
JUNE 6, 2023
Everyone wants to know how to get rich in a recession. The problem?
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