Keeping Current Matters

JULY 18, 2023

Before you decide to sell your house, it’s important to know what you can expect in the current housing market.

Marketing 246

Marketing 246

Housing Wire

JULY 18, 2023

Minneapolis-based U.S. Bank , the fourth-largest U.S. mortgage lender, is laying off staffers in its mortgage division this week, a spokesperson confirmed on Tuesday. The announcement follows a decline in its mortgage originations in the first quarter of 2023 – the second-quarter earnings will be released on Wednesday morning. The current jobs cut also comes amid rumors that depositary lenders would see changes to their residential mortgage capital requirements under the Basel III regulations.

Banks 370

Banks Mortgages Residential Lending 370

Real Estate News

JULY 18, 2023

While rising interest rates have slowed the rate of increase, confidence is at its highest level in more than a year.

As-is 246

As-is 246

Housing Wire

JULY 18, 2023

Agent recruitment has been off to a strong start this month at The Agency Dallas. In recent weeks the brokerage has welcomed brokers and agents who have collectively closed over $110 million in the last 12 months, the company claims. Among those top performing agents are Grecia “GG” Garza, Francisco Rizo, Bret Whitfield and Eddie Wilbanks. Garza is joining The Agency after nine years at Rogers Healy Associates , where she closed $20 million in sale volume last year.

Agents 370

Agents Loan Officer Principal Brokerage 370

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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.

Development

Real Estate News

JULY 18, 2023

NWMLS launches app; New Mexico MLS adopts Aligned Showings; CRMLS updates member dashboard; iGo acquires products; Clear Capital integrates with ICE API; more.

MLS 246

MLS 246

Housing Wire

JULY 18, 2023

Under the latest rumored changes to Basel III regulations , large depository institutions would see residential mortgage capital requirements that far exceed international standards, according to a report by Bloomberg. The Federal Reserve , Federal Depository Insurance Corporation and the Office of the Comptroller of the Currency , which together regulate large depository banks, are expected to unveil the proposed changes on July 27.

Banks 370

Banks Lending Mortgages Residential 370

Housing Wire

JULY 18, 2023

At an event marking the 55th anniversary of the passage of the Fair Housing Act (FHA) during the National Fair Housing Alliance 2023 National Conference, Federal Reserve Vice Chair for Supervision Michael Barr delivered remarks urging for the evolution of both the FHA and the Equal Credit Opportunity Act (ECOA) to reflect realities and dangers posed by emerging technologies in the mortgage space.

Lending 369

Lending Technology Banks Development 369

Inman

JULY 18, 2023

Thanks to low inventory and high mortgage rates, just 14 homes out of 1,000 changed hands in the first six months of 2023, the lowest rate in a decade, according to data released Tuesday by Redfin.

Mortgages 148

Mortgages Marketing 148

Housing Wire

JULY 18, 2023

High mortgage rates and depleted housing inventory have exacerbated an already existing housing availability crisis. In the first six months of 2023, roughly 14 of every 1,000 U.S. homes changed hands according to a report released by Redfin. That’s down from 19 of every 1,000 during the same period in 2019. It’s the lowest turnover rate seen in at least a decade.

Mortgages 369

Mortgages Sales As-is Marketing 369

Inman

JULY 18, 2023

The power of incremental change is monumental. Small improvements every day will compound into extraordinary results over time, team leader Carl Medford says.

Agents 148

Agents 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

JULY 18, 2023

For the seventh consecutive month, the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report rose month-over-month , gaining one-point to a reading of 56, according to a report released Tuesday. This is the index’s highest reading since June 2022. The NAHB/HMI report is based on a monthly survey of NAHB members, in which homebuilders are asked to rate both current market conditions for the sale of new homes and expected conditions for the next six months,

Sales 369

Sales Construction New Construction Finance 369

Inman

JULY 18, 2023

Palm Bay, Cape Coral and Tampa top WalletHub's list of the best markets for first-time homebuyers. However, a closer look at the rankings shows first-timers may need to sacrifice quality of life for affordability gains.

Marketing 148

Marketing 148

Housing Wire

JULY 18, 2023

California Regional Multiple Listing Service (CRMLS) has announced the full release of its REcenterhub dashboard across its three MLS systems: CRMLS Matrix, CRMLS Paragon, and Flexmls. After being available as part of the REcenterhub ecosystem since 2022, it has now become the default dashboard for CRMLS’ user base of more than 110,000 real estate professionals.

MLS 369

MLS Development Design Industrial 369

Inman

JULY 18, 2023

From July 24 to 28, Century 21 and its affiliated companies will raise money for nonprofits that address food, healthcare and education inequalities. C21 corporate has pledged to match up to $50K in donations to longtime nonprofit partner, Easterseals.

Brokerage 148

Brokerage Industrial 148

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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.

Brokerage

Housing Wire

JULY 18, 2023

Denver, Colorado-based Maxwell , a mortgage fintech solutions platform, has announced that product development veteran Paul Wetzel has joined the company as senior vice president of product. Wetzel brings extensive experience in B2B and B2B2C software product leadership, mortgage-specific market strategy and company growth in various industries. In his new role, Wetzel will focus on enhancing and innovating Maxwell’s existing suite of software solutions by incorporating human-driven capabi

Loans 367

Loans Lending Technology Mortgages 367

Inman

JULY 18, 2023

Current and pending laws nationwide represent an invitation for discrimination against the AANHPI community, Asian Real Estate Association of America President Kurt Nishimura writes.

Agents 148

Agents Marketing 148

Housing Wire

JULY 18, 2023

In the fast-paced and demanding world of real estate , a happy and motivated team can be the key to long-term success. As a leader, it’s crucial to invest time and effort in nurturing your team’s satisfaction and well-being. Here are five effective strategies to keep your team members happy and engaged, fostering a positive and productive work environment that they want to be a part of year after year. 1.

Development 365

Development Construction Industrial Closing 365

Inman

JULY 18, 2023

Named for its distinctive wing-shaped roof that resembles a butterfly, the property was designed and built by architect Frank Wynkoop in 1951. The sale marks one of the priciest ever to close in the area.

Design 148

Design Closing Sales 148

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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.

Agents

Housing Wire

JULY 18, 2023

The U.S. House of Representatives Appropriations Committee last week released details of its fiscal year 2024 Transportation, Housing and Urban Development, and Related Agencies Appropriations Bill, which aims to reduce the budget of the U.S. Department of Housing and Urban Development (HUD) by nearly a third compared with FY 2023 enacted levels. “The Transportation, Housing and Urban Development, and Related Agencies bill provides a discretionary total of $90.243 billion, which is $8.633 billio

Development 365

Development 365

Inman

JULY 18, 2023

Blogger and YouTuber Kyle Handy encourages real estate agents to step out of their comfort zones and embrace the digital world.

Agents 148

Agents Industrial Brokerage 148

Housing Wire

JULY 18, 2023

Bank of America (BofA), a top-20 U.S. mortgage lender, reported on Tuesday significant improvements to its home loan business in the second quarter of 2023, just as competitors JPMorgan Chase and Wells Fargo did late last week. But executives at all three banks expect some major regulatory headwinds. Rumors are that large banks would see residential mortgage capital requirements that far exceed international standards under the Basel III rules, which are expected to be unveiled on July 2

Mortgages 363

Mortgages Banks Equity Residential 363

Inman

JULY 18, 2023

CalHFA's Dream For All loan program for first-time homebuyers burned through the first $300 million funding round in less than two weeks.

Loans 148

Loans Finance Mortgages 148

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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.

Agents

RIS Media

JULY 18, 2023

California Regional Multiple Listing Service (CRMLS) has fully released the REcenterhub dashboard across its three MLS systems (CRMLS Matrix, CRMLS Paragon and Flexmls). The REcenterhub ecosystem, available since 2022, has now become the default dashboard for all of CRMLS’ 110,000-plus users. The REcenterhub dashboard, developed internally by CRMLS, boasts new features to streamline productivity for… The post CRMLS Launches New Dashboard appeared first on RISMedia.

MLS 98

MLS Development Technology Industrial 98

Inman

JULY 18, 2023

Helping your clients understand the psychology of a changing market will make the job of selling their home much easier, writes trainer Bernice Ross.

Marketing 148

Marketing Closing Agents 148

RIS Media

JULY 18, 2023

Above: Rob Thomson In an era where many brokerages are cutting costs and shrinking in the face of a downturn in the market, luxury broker Rob Thomson of Jupiter, Florida, is doing the exact opposite. He has just committed a $1.5 million contract to long-term technology and marketing partner Real Estate Webmasters (REW) in order… The post Jupiter Broker Rob Thomson Makes Million-Dollar Bet on AI + Global MLS appeared first on RISMedia.

MLS 98

MLS Technology Brokerage Marketing 98

Inman

JULY 18, 2023

Higharc, which offers an enterprise-level homebuilding visualization and business operations solution, has received a $15 million investment from a trio of notable innovation backers headlined by Home Depot Ventures, the venture capital initiative of the massive home goods retailer, according to Higharc.

New Construction 148

New Construction Construction Technology 148

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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.

Sales

Brownstoner

JULY 18, 2023

Bucking the trend of new faux affordable developments in north Brooklyn, a 14-story, 250-unit deeply affordable senior housing complex is planned for the corner of Grand Street and Bushwick Avenue in Bushwick. The site at 95 Bushwick Avenue is currently home to an early 20th century Neo-Classical bank building executed in… Read More > The post Former Chase Bank in Bushwick to Be Razed for New Affordable Senior Housing Development appeared first on Brownstoner.

Banks 98

Banks Development 98

Inman

JULY 18, 2023

Savvy investors recognize that when your vacation home is empty, it’s just draining your bank account. Here’s how to turn it into a lucrative short-term rental.

Investor 148

Investor Banks 148

Brownstoner

JULY 18, 2023

This week, a look back at four of our featured listings from six months ago focuses on homes in Sunset Park, Clinton Hill, Ditmas Park, and Cobble Hill. How did they fare? In Sunset Park, this 1927 Finnish Co-op with a flexible floor plan makes the most of its Art Deco… Read More > The post Brooklyn Real Estate Listings Six Months Later: Two Sold, One in Contract, One Still Available appeared first on Brownstoner.

Marketing 98

Marketing 98

Inman

JULY 18, 2023

Find out how New York City's Burt Savitsky helps clients navigate the complexities of the co-op board approval process while making the most his own inimitable style.

Agents 147

Agents 147

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