Housing Wire
APRIL 1, 2021
The Consumer Financial Protection Bureau (CFPB) is warning servicers that it is ramping up enforcement and will be specifically watching how servicers manage borrowers coming out of forbearance. In a Thursday compliance bulletin, the CFPB said it will monitor how servicers work to prevent a wave of foreclosures from occurring this fall. “Unprepared is unacceptable,” the Bureau said.
Keeping Current Matters
APRIL 1, 2021
Today, some are afraid the real estate market is starting to look a lot like it did in 2006, just prior to the housing crash. One of the factors they’re pointing to is the availability of mortgage money. Recent articles about the availability of low down payment loans and down payment assistance programs are causing fear that we’re returning to the bad habits seen 15 years ago.
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Housing Wire
APRIL 1, 2021
The average U.S. mortgage rate remained essentially unchanged last week, rising by just one basis point to 3.18%, according to Freddie Mac’s Primary Mortgage Market Survey. A broader recovery of the economy has almost returned rates back to market “normalcy” as the standard 30-year FRM averaged 3.33% this same time last year. Although mortgage rates still remain relatively low, the industry is beginning to see a pullback by those looking to enter the market, said Sam Khater, Fr
RIS Media
APRIL 1, 2021
Are you considering renting a U-Haul truck for an upcoming move? Whether you need to move you and your family across the state, or you’ve just got some building materials for an up-and-coming product you need to move, you’re probably going to need to rent a truck. Your first choice may be a U-Haul rental, but do you know all you should know about this rental company before you go ahead and trust them with your money and your goods?
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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.
Housing Wire
APRIL 1, 2021
Rocket Companies Chairman Dan Gilbert sold 20 million shares of common stock on Wednesday, cashing out just under $500 million, according to disclosures Rocket made to the Securities and Exchanges Commission. The Form 4 file , made public Wednesday evening, shows Gilbert sold 20.2 million shares of common stock at $24.75 a unit for $499.95 million. That stock sale would appear to be linked with Gilbert’s latest philanthropic venture.
Better Dwelling
APRIL 1, 2021
Canadians have big expectations for home buying and price growth over the next year. Mortgage Pros Canada (Mortgage Pros) released its annual report, containing consumer survey results. The survey, taken at the end of 2020, shows record sentiment for home buying and price growth over the next year. William Dunning, the organization’s chief economist, says […].
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Realtor.com
APRIL 1, 2021
Getty Images The meteoric rise in home prices isn’t slowing down. The national median home list price hit $370,000 in March—a new record high, according to a recent realtor.com® report. The increase in prices, a 15.6% increase over last year, is a direct result of the severe shortage of properties on the market just as first-time and trade-up buyers seeking larger homes have flooded the market.
Housing Wire
APRIL 1, 2021
Residential brokerage Compass is now a publicly traded company, with shares trading at $20.15 at close of the New York Stock Exchange on Thursday. The New York City-headquartered company began offering shares Thursday morning. Investors initially paid $21.15-a-share to grab a stake in the fast-growing but money-losing real estate outfit before trailing off.
Eye on Housing
APRIL 1, 2021
According to the latest What Home Buyers Really Want*, 60% of home buyers would prefer a newly-built home over an existing home. In other words, all else equal, their first preference would be to purchase a new home. Looking at historical data shows a clear shift in preferences towards new construction in 2020. The share of buyers who would have.
Housing Wire
APRIL 1, 2021
Shawneequa Badger, leads an agent team at Corcoran Living in Oakland. Sudi Hernandez of Cloud 9 Real Estate Group loses leads when a client hears her Cuban accent. James Dunn of eXp Realty surprised a client with his answer to their question, “You’re white, right?”. Amy Kong of Trust Real Estate hosts open houses where people ask, “Where is the agent?”.
Advertiser: Trellis
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.
Realtor.com
APRIL 1, 2021
Getty Images Ah, the telltale signs of spring: trees in bloom, slightly warmer weather, allergies flaring—and a long list of chores to tackle around the house. Before you pause to savor the sunnier days, it’s important to make sure your home is ready for the season. Here’s what experts say you need to include on your spring home maintenance checklist. 1.
Housing Wire
APRIL 1, 2021
Nick Bailey, chief customer officer at RE/MAX. Nick Bailey has spent 23 years in the real estate industry. He was a vice-president at Zillow , the CEO of Realogy brand Century 21 , and for the last two years the chief customer officer at RE/MAX. Bailey, who agreed to an extensive on-the-record Zoom interview with HousingWire, is RE/MAX’s no. 2 behind CEO Adam Contos.
Better Dwelling
APRIL 1, 2021
Canada’s lack of housing affordability is coming for that record top spot. RBC senior economist Robert Hogue published his quarterly affordability assessment for Q4 2020. Home prices have increased almost enough to erase the drop in mortgage rates. The bank sees the current momentum pushing prices higher in the near term. If payments rise even […].
Housing Wire
APRIL 1, 2021
Qualia has created a flexible infrastructure for the real estate and mortgage industry. Real estate transactions require coordination between lenders, title insurers, home buyers, title & escrow companies – the list goes on. Dealing with dozens of siloed parties creates opportunities for mistakes and complicates the home buying experience. Qualia, a digital real estate closing platform, brings all of these parties together onto one secure platform to deliver a best-in-class home buying and s
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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.
RIS Media
APRIL 1, 2021
Crye-Leike Real Estate Services recently launched a zavvie-powered iBuyer and buy-before-you-sell program. Crye-Leike Listing Advantage delivers “the most choices to sell” for local homeowners throughout Crye-Leike markets, according to the company. Crye-Leike Listing Advantage allows agents to offer local homeowners the newest selling choices, such as an instant all-cash offers from iBuyers and a buy-before-you-sell choice from bridge providers. “All a homeowner has to do to r
Housing Wire
APRIL 1, 2021
Title reports can be confusing, which is why the process is prone to errors. One mistake can slow down the real estate transaction’s closing and frustrate lenders and borrowers. To keep that from happening, lenders need a way to reduce time and friction in the loan origination cycle but still provide their consumers with excellent customer service. Thankfully, technology is increasing efficiency and making it possible for companies to create solutions that help lenders receive timely and accurat
The American Genius for Real Estate
APRIL 1, 2021
(REAL ESTATE ASSOCIATIONS) The latest report from the National Association of Realtors digs into all kinds of demographics to reveal what brought folks into the field. The post NAR Report: Realtor trends across demographics reveal interesting consistencies appeared first on The American Genius Real Estate.
Housing Wire
APRIL 1, 2021
Lenders are currently dealing with incredibly high call volumes, which makes it difficult to ensure their clients are receiving the best customer service at the highest quality. Lenders need support during this hectic time to manage their portfolio and avoid any mistakes, especially when it comes to title insurance and settlement fees. To reduce the likelihood of these issues, Sourcepoint, a business process management (BPM) company and national title agency, provides lenders a range of title an
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.
RIS Media
APRIL 1, 2021
The Spring 2021 market is hot and competitive! So should your clients submit an offer with no contingencies to maintain an edge over competing offers? Here’s a look at the pros and cons of removing contingencies early: Pros. – May help your offer win a bidding war or multiple-offer situation. – Sellers feel that your offer may be less risky and no foreseeable roadblocks to closing escrow. – Savvy clients may feel more comfortable with the real estate process.
Housing Wire
APRIL 1, 2021
Title and settlement can be particularly challenging in servicing. The difficulty lies in identifying, accurately assessing and proactively resolving title issues— especially when servicers are dealing with large volumes of assets. Boston National Title (BNT), founded in 2006, offers servicing solutions to help ensure loan portfolios meet investor expectations and are both in compliance with regulatory requirements and within the risk tolerance of the GSEs.
RIS Media
APRIL 1, 2021
This tax season may look a little different due to the COVID-19 relief benefits that were released during the pandemic. Find out how stimulus payments, PPP loans for your business and other benefits will affect your 2020 taxes. On one of our most recent Secrets of Top Selling Agents webinars, we welcomed back CPA and tax attorney, Mark Kohler to share five tips for filing your taxes properly and handle the PPP (Paycheck Protection Program) when it comes time to file your taxes.
Housing Wire
APRIL 1, 2021
In today’s low interest rate, high-volume market, lenders need a way to manage their mortgage volume while providing a consistent, high-quality customer experience. ServiceLink’s tech-enabled title solution, EXOS Title, combines cutting-edge technology and superior customer service with a nationwide footprint – ultimately getting lenders and their clients to the closing table faster.
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.
RIS Media
APRIL 1, 2021
As a broker, you know the importance of keeping your business moving forward. Digging in is an important part of a business model but staying put shouldn’t be. As the real estate landscape continues to evolve, and as consolidation continues to rise, it’s crucial to prepare your brokerage for the future by cementing a strategy for business expansion while creating a valuable asset.
BubbleInfo
APRIL 1, 2021
Are we in a bubble? Who cares about the label. All that matters is whether the bubble going to burst. Four reasons why it won’t: No easy money – buyers have to be solid qualifiers. Foreclosures are extinct. Everyone has loads of equity (except 2021 buyers). No easy place to move to. For the bubble […].
Agent Drive
APRIL 1, 2021
Sometimes the best way to reach your goals is through a simple hack. You don’t need to go through the lucrative process of having a plan. Just a handful of tricks is more than enough to get you an edge. According to Hubspot, “Where to buy” and “Near Me,” mobile queries have grown by 200%. […]. The post 7 Marketing Hacks to Improve Your Business appeared first on AgentDrive.
The Mortgage Report
APRIL 1, 2021
FMERR – the Enhanced Relief Refinance Program – allows homeowners to refinance into a lower rate with little or no home equity. Do you qualify?
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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.
RIS Media
APRIL 1, 2021
Editor’s Note: This year’s Power Broker ranking does not include Compass, which declined to separate residential and commercial sales volume data. The Power Broker Report ranks firms by closed residential sales volume only. Last year, Compass ranked No. 3, reporting $93,536,777,157 in residential sales volume for 2019. Compass reported $151.7 billion in gross transaction value for 2020.
Brownstoner
APRIL 1, 2021
In the News New York Legalizes Recreational Marijuana [NYT] ‘Spring Fling’ With Virtual Egg Hunt Comes to Atlantic Avenue [BP] Deno's Wonder Wheel Amusement Park to Reopen April 9 [BP] City Must Build Gowanus Stormwater Holding Tanks by 2029: EPA [BP] Tenants and Landlords’ Future Hang in Balance Over State Budget [The City] Three Mayoral Candidates… Read More > The post Daily Links: Coney Island’s Famed Wonder Wheel Will Open on Weekends Starting in April appeared first on Brownstoner
RIS Media
APRIL 1, 2021
Whether you’ve been working from home for years or just since the start of the COVID-19 pandemic, there are certain strategies you can implement to keep you motivated and productive throughout your work week at home. Many agents had a home office set up before COVID hit, but between showings and time at their brokerage, few likely had to work as extensively from home as most do now.
Brownstoner
APRIL 1, 2021
One long-ago resident of this tiny carriage house-filled Brooklyn street claimed the location "inspires goodness in children." While it's not clear if that 1940s wisdom about Hunts Lane holds true, the picturesque spot does still have plenty of charm, and a rare rental on the market that isn't sky high… Read More > The post Brooklyn Heights No-Fee Two-Bedroom in Hunts Lane Carriage House Asks $2,800 a Month appeared first on Brownstoner.
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.
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