BubbleInfo
FEBRUARY 22, 2023
How bad could it get? What else could happen? The market could deteriorate into a cash-only environment, where the buyers and sellers who can avoid mortgages altogether are the only players left. If mortgage rates get into the 7s and 8s, the temptation for financed buyers and sellers to wait it out will be overwhelming.
Housing Wire
FEBRUARY 22, 2023
Wells Fargo , the largest depository mortgage lender in America, issued pink slips to employees in its home lending business on Tuesday following its decision to exit the correspondent channel. “I can’t provide any specifics but we announced in January strategic plans to create a more focused Home Lending business,” Tom Goyda, senior vice president of consumer lending communications at Wells Fargo, said in an e-mailed response.
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Real Estate News
FEBRUARY 22, 2023
Most agents are hardworking and professional, says broker Phil Faranda. But those who aren't can damage your brand and the industry — and should be terminated.
Housing Wire
FEBRUARY 22, 2023
The mortgage process involves many moving pieces and relationships with a variety of stakeholders. The relationship between a loan officer and a real estate agent is one of the most important pieces of the puzzle, as the two must combine forces to help borrowers achieve their goal of buying a home. Ideally, a strong relationship between an LO and a real estate professional leads to symbiosis and benefits for both sides, as well as for the homebuyer.
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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
FEBRUARY 22, 2023
The government announced a plan to cut mortgage insurance rates by 0.3 percentage points, which could save eligible homeowners an average of $800 a year.
Housing Wire
FEBRUARY 22, 2023
Experian announced on Wednesday that lenders can now access its product, Experian Verify, through Freddie Mac ’s Loan Product Advisor asset and income modeler (AIM). The goal, according to the company, is to provide mortgage lenders and borrowers with an efficient and streamlined verification process. “This collaboration will assist lenders with quickly and easily obtaining income and employment verification,” Daniel Miller , single-family director of strategic technology partnerships at Freddi
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
FEBRUARY 22, 2023
A week after canceling its quarterly earnings results without explanation, Freddie Mac on Wednesday disclosed a net profit of $1.76 billion in the fourth quarter. That figure was a sequential gain on the $1.3 billion in net income recorded in the third quarter of 2022, though it represented a 36% decline from a year prior. Executives at the government sponsored enterprise primarily attributed the drop from last year to lower net revenues and a credit reserve build in its single-family business.
Real Estate News
FEBRUARY 22, 2023
Instant home values (like Zillow's Zestimate) are getting better, and can be a tool for underwriters and savvy agents.
Housing Wire
FEBRUARY 22, 2023
The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s 2023 HW Rising Stars are open now through Friday, February 24, 2023. Click here to nominate your organization. HousingWire’s Rising Stars award recognizes housing professionals 40 years old and younger who are making a major impact on the industry.
Keeping Current Matters
FEBRUARY 22, 2023
Many people are reaching the point in their lives when they need to decide where they want to live when they retire. If you’re a homeowner approaching this stage, you have several options to explore.
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
FEBRUARY 22, 2023
Leading property data and analytics company CoreLogic has acquired Roostify , a digital mortgage technology provider. “By integrating Roostify’s digital mortgage technology platform with CoreLogic’s robust data, analytics and workflow solutions, clients will gain critical information about borrowers and properties at the beginning of the loan process, saving both time and money,” CoreLogic said in a statement on Wednesday.
Inman
FEBRUARY 22, 2023
Economic downturn could put a damper on a promising start to the spring homebuying season, but set the stage for mortgage rates to ease and for home sales to rebound in 2024.
Housing Wire
FEBRUARY 22, 2023
It’s proving to be a brutal February for the mortgage industry, with mortgage demand falling for the third time in four weeks. At a time when purchase activity typically ramps up, the latest mortgage application data is showing that mortgage demand is dropping due to mortgage rates climbing back up. Mortgage applications decreased 13.3% for the week ending February 17 compared to the previous week, according to the Mortgage Bankers Association.
Inman
FEBRUARY 22, 2023
In its latest real estate market report on Wednesday, Redfin said the total market value for U.S. homes dropped $2.3 trillion from June to December 2022 — the largest six-month drop since the Great Recession.
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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.
Eye on Housing
FEBRUARY 22, 2023
According to NAHB analysis of quarterly Census data, the count of multifamily, for-rent housing starts remained elevated during the fourth quarter of 2022. For the fourth quarter, 133,000 multifamily residences started construction. For 2022 as whole, 525,000 rental apartments started construction. The market share of rental units of multifamily construction starts increased to almost 98% as the already small condo.
Inman
FEBRUARY 22, 2023
The three-person Nielsen Group brings a collective 25 years of industry experience and an average annual sales volume of over $50 million to Engel & Völkers.
Realty Biz
FEBRUARY 22, 2023
Are you considering selling your house? Many home sellers struggle with when they should pull the trigger and sell their homes. When people have a choice, they usually want to opt for the time that will allow them to sell quickly and for the most money. The season depends on whether it is a good time to sell a home. There are certainly better times of the year to sell than others.
Inman
FEBRUARY 22, 2023
Offerpad sold more than 10,000 homes last year for the first time in company history, but posted a record $121.1 million fourth-quarter loss, according to an earnings call for the iBuyer on Wednesday.
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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.
Sotheby's International Real Estate
FEBRUARY 22, 2023
Featuring curated videos from the most sought-after destinations the world over, discover this week’s V ideo of the Week. Shelter Island, New York | Sotheby’s International Realty – East Hampton Brokerage Built in 1952 and designed by architect Bertrand Goldberg for John Snyder, the CEO of the Pressed Steel Car Company, The Snyder House was recognized as a mid-century marvel, both in design and waterfront location, offering magnificent panoramic water views of West Neck Harbor and
Inman
FEBRUARY 22, 2023
LAH Real Estate Inc. was originally founded in 1992. The new affiliate brings its four offices to Sotheby's, ticking the brand's total office count in Alabama up to seven.
Propmodo
FEBRUARY 22, 2023
When CBRE announced in 2020 it was moving its global headquarters from Los Angeles to Dallas, it merely formalized how the company had been operating for the previous eight years. CBRE has a long history in California, but Dallas had been its de facto HQ for a while. The North Texas city was its largest operating center and home to many senior executives, including CEO Bob Sulentic.
Inman
FEBRUARY 22, 2023
The franchise marks The Agency's 50th overall and follows the brokerage's previous European launches in Amsterdam, the Netherlands and Lisbon, Portugal.
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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.
Maximum Exposure Real Estate
FEBRUARY 22, 2023
How to Know The Neighborhood is Good How do I know the neighborhood is good? Are there types of neighborhoods I should be considering? Understanding how to choose a neighborhood is an essential consideration for home buyers. The process of buying a home can be incredibly exciting. Imagining you and your family living in a […] The post How to Choose The Right Neighborhood?
Inman
FEBRUARY 22, 2023
Team members who are achieving their goals don’t leave. If an agent leaves because they don’t like accountability and are not achieving their goals, then love them as they go out the door, writes Leslie Guiley.
Maximum Exposure Real Estate
FEBRUARY 22, 2023
Tips For Trouble-Free Condo Buying Are you thinking about buying a condo? What is the best advice when buying a condominium? Start by immediately understanding that it is much different than purchasing a single-family home! Buying a condo offers some advantages – living closer to a town, affordability, and less maintenance. But buying a condo […] The post Buying a Condo For The First Time: Pros and Cons appeared first on Maximum Real Estate Exposure.
Inman
FEBRUARY 22, 2023
ChatGPT has taken the world by storm, but it's not perfect (yet). Before you use it, understand how it works, the wide variety of serious pitfalls and the potential risk to your business if you fail to fact-check the responses it provides.
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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.
Maximum Exposure Real Estate
FEBRUARY 22, 2023
What to Inspect Before Selling Your Home Did you know that inspected houses stand a much better chance of getting to closing? By having a home inspection, you can learn about any existing flaws and remedy them before putting your house for sale. No rule says you have to inspect your home before you sell […] The post Inspected Houses Offer Increased Chances of Success appeared first on Maximum Real Estate Exposure.
Inman
FEBRUARY 22, 2023
As we wrap up Leadership Month, we want to know about the worst leader you've ever had. How did you handle their toxic traits?
The Residential Specialist
FEBRUARY 22, 2023
Donating time to charitable causes can be personally fulfilling and a lead-generation tool for your business By Michelle Huffman Real estate agents have a reputation for being good neighbors. Two-thirds of REALTORS ® volunteer in their communities monthly, according to a National Association of REALTORS ® report, but some agents do much more. While these agents are primarily motivated by serving their communities, their good deeds also help their businesses grow.
Inman
FEBRUARY 22, 2023
ChatGPT has taken the world by storm, but it's not perfect (yet). Before you use it, understand how it works, the wide variety of serious pitfalls and the potential risk to your business if you fail to fact-check the responses it provides.
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BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.
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