Thu.Feb 23, 2023

article thumbnail

The housing industry is on a mortgage rate roller coaster

Housing Wire

The mortgage industry has been on a roller coaster ride this year due to a resilient economy. In the span of a month, mortgage rates shot up near 7% after dropping to the low 6%-levels. “The economy continues to show strength, and interest rates are repricing to account for the stronger than expected growth, tight labor market and the threat of sticky inflation,” said Sam Khater, Freddie Mac ’s chief economist.

article thumbnail

Anywhere reports losses of nearly half a billion in Q4

Real Estate News

CEO Ryan Schneider said the company will make cost reductions to bring operations in line with the market, as he expects a volatile year in real estate.

Marketing 290
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Opinion: How the title industry protects homeowners

Housing Wire

When people think about the title insurance industry , what comes to mind is often its core products – title insurance policies that protect property rights of homeowners and lenders. But many may be surprised to learn that title and settlement professionals do so much more than conduct title searches, issue policies and process claims. As an industry, our commitment to protection goes beyond title insurance policies.

Title 476
article thumbnail

Opendoor posts $399M loss in Q4 but sees growth ahead

Real Estate News

Despite losses on home sales, CEO Carrie Wheeler said the company believes in its value proposition and sees "significant runway" via its Zillow partnership.

Sales 278
article thumbnail

The 2025 Real Estate Roadmap to Success

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.

article thumbnail

Taking the pulse on eNotes

Housing Wire

HousingWire recently spoke to Kevin Wilzbach, director, product management at Wolters Kluwer, about the adoption of digital technology and the future of eNotes. HousingWire: What kind of impact has the overall deceleration of the mortgage market had on the adoption of digital technology over the past few quarters? Kevin Wilzbach: Well, I guess the short answer is, it hasn’t helped.

article thumbnail

Teams on the Move: E&V, KW, Side, Corcoran and Platinum Living gain teams

Real Estate News

The latest movers: The Nielsen Group, Laurie Finkelstein Reader Real Estate, Archpoint Advisory, The Real Estate People, Inspired Living.

264
264

More Trending

article thumbnail

Higher mortgage rates could mean a 'nobody's market' this spring

Real Estate News

Mortgage interest rates climbed again this week, with the daily rate approach levels not seen since November.

Mortgages 264
article thumbnail

LenderLogix launches POS system for small- to mid-sized lenders

Housing Wire

LenderLogix, a provider of mortgage automation software and application programming interfaces (APIs), has launched LiteSpeed, a white-label streamlined point-of-sale (POS) system that serves small- to mid-sized mortgage lenders. Patrick O’Brien, the founder and CEO of LenderLogix , said the product was designed in response to the need for a more efficient and cost-effective method of managing the loan application process.

article thumbnail

Growing your business with tech, teams and new development

Inman

Watch this week's three new expert-led classes featuring top tips for agents, and what you should know about the latest tech trends

article thumbnail

Fidelity records strong 2022 performance despite market headwinds

Housing Wire

Despite the closed title purchase order volume dropping 36% year over year and the number of closed refinance orders dropping 79% compared to the fourth quarter of 2021, Fidelity National Financial still managed to record a strong Q4 in 2022. “Our title business has continued to perform well despite the fall off in mortgage originations due to increasing mortgage rates and housing market headwinds,” Mike Nolan, Fidelity’s CEO, told investors during the firm’s fourth-quarter earnings call mid-mor

Title 367
article thumbnail

Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

article thumbnail

Chime: Chatbot AI Assistant at 93% conversational accuracy

Inman

The company attributes the success to "consistent coaching and humanizing of the chatbot," which in the past year increased daily messages by 322 percent and daily lead responses by over 108 percent.

article thumbnail

Multifamily Developer Confidence Remains in Negative Territory in Fourth Quarter

Eye on Housing

While the two main confidence indexes for multifamily housing increased slightly in the fourth quarter, they both remain in negative territory, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB). The MMS produces two separate indices. The Multifamily Production Index (MPI) increased two points to 34 compared to the previous.

article thumbnail

Opendoor’s losses doubled in Q4 as the iBuyer’s revenue fell 25%

Inman

The dominant iBuyer lost nearly $400 million in the fourth quarter, according to an earnings call Thursday afternoon. That's better than the previous quarter, but a big jump from the same period in 2021.

article thumbnail

What Are Rental Portfolio Loans And How Can They Change Your Business

Bigger Pockets

This article is presented by Kiavi. Read our editorial guidelines for more information.

Loans 105
article thumbnail

Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

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.

article thumbnail

The hottest tools to add to your AI toolbox in 2023

Inman

ChatGPT is only a sliver of what’s already available in the AI space. Bernice Ross talks to team leader Kendall Bonner and offers a roundup of some of the hottest applications you’ll want to add to your AI toolbox.

article thumbnail

Know the J-Curve to Conquer the Stages of Business Growth

Tom Ferry

Know the J-Curve stages of business growth to keep your eyes ahead and embrace discomfort. Let’s talk about growing pains. Specifically, let’s talk about where those pains begin in the stages of business growth. Good things don’t come easy; you know that. But why does it always seem that just when you’re getting the […] The post Know the J-Curve to Conquer the Stages of Business Growth appeared first on Tom Ferry.

Staging 99
article thumbnail

Broker Spotlight: Boris Fabrikant and Collin Bond, The Fabrikant Bond Team at Compass

Inman

Find out how these attorneys, brokers and friends put their legal and financial expertise to work to create exceptional outcomes.

Brokerage 148
article thumbnail

AMEX Points for Real Estate Deals? Here’s What You (and Your Clients) Need to Know

Broke Agent Media

RBN’s points deal may be too good to pass up for some buyers and sellers. Here’s what to know — and how to get in on it. What do you give as a closing gift? A knife set? A gift card? One of those pencil drawings of the house itself? What if you could gift a trip to Europe or a week at a luxury spa? A million American Express points could make that possible.

article thumbnail

Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

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.

article thumbnail

Lawsuit accuses eXp agents of sexual assault, drugging women

Inman

According to the suit filed Wednesday, Michael Bjorkman and David Golden took advantage of women while attending real estate industry events.

Agents 148
article thumbnail

Mortgage Lending Definitions and Terminology You Need to Know

Maximum Exposure Real Estate

Mortgage Terms You Need to Know When Buying or Selling a Home Specific “mortgage definitions” are essential to understand whether you are buying or selling a home. Mortgage definitions and terminology can be confusing when you’re not using them daily. The mortgage process can be intimidating, and no wonder since you are trying to qualify […] The post Mortgage Lending Definitions and Terminology You Need to Know appeared first on Maximum Real Estate Exposure.

Lending 98
article thumbnail

Ohio 4th state to sue MV Realty over allegedly ‘shameful business model’

Inman

Ohio is the latest state to file suit against MV Realty for deceptive practices following probes by regulators over its "homeowner benefit agreements" in Florida, Pennsylvania and Massachusetts.

Brokerage 148
article thumbnail

Strong Start, Weak Finish? Fannie Mae’s Revised Forecast for the 2023 Housing Market

Broke Agent Media

BAM Details: The Fannie Mae ESR Group reports a strong start in 2023 for the economy and housing market and no longer expects a recession in Q1. Recent data releases suggest further weakness ahead as consumer spending outpaces income and a January rebound in inflation points to more aggressive action from the Fed. The Fannie Mae ESR Group has reported a stronger-than-expected start in 2023 for the U.S. economy and housing market.

article thumbnail

The Broker Action Plan for the Post-NAR Lawsuit Landscape

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.

article thumbnail

RE/MAX Alliance Group and Capital Realty join forces in merger

Inman

The deal brings RE/MAX Capital Realty under the operations of the RE/MAX Alliance Group, growing the combined companies' forces into a total of about 400 agents and staff.

Agents 148
article thumbnail

Tough Love & Lessons Learned!

Toronto Realty Blog

TorontoRealtyBlog Fifteen offers, wow! Who says the market is slow, right? In actual fact, and this is a topic for another day, the market has come back hard over the last three weeks. Agents are seeing it and talking about it, buyers are feeling it, and some sellers are making moves where as they wouldn’t have six weeks ago. Today’s blog will highlight an example of how and why the market looks to have made a comeback, specifically, sale price that even the buyer and the buyer age

Agents 95
article thumbnail

Anywhere profitability dips in Q4 as executives brace for disruptive 2023

Inman

Revenue declined 33 percent in the fourth quarter of 2022 — and 13 percent year over year — as the franchisor dealt with double-digit declines in transaction and unit volume across every business segment.

Brokerage 148
article thumbnail

JPAR® Iron Horse Announces the Grand Opening of its Office in Pleasanton, California

Realty Biz

JPAR® Real Estate is pleased to announce the opening of JPAR® Iron Horse. The office is set to open its doors on March 1 in Pleasanton, CA. JPAR® Iron Horse will be owned and operated by Erica Starkey, CEO and Broker and Dan Starkey, COO - Operations and Marketing. This office is among the first JPAR® offices in California as the brand expands into the golden state.

article thumbnail

Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

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.

article thumbnail

America is Screaming for Affordable Housing, But No One Wants to Build

Bigger Pockets

The housing market has entered into a new era never measured before.

article thumbnail

Our National Referral Network

BubbleInfo

Do you need help with finding your next home! For those who can stay around here, it’s easier – and I can help you. How about those of you who want to leave San Diego County – how can you find good help?

article thumbnail

Finance Friday: Is Staying At Your Job Costing You More Than You Think?

Bigger Pockets

Most people assume that buying rental properties is only for those making six-figure salaries.

Finance 81
article thumbnail

AI-Driven Chatbots: The Future of Real Estate Marketing is Not Quite Here Just Yet

Realty Biz

New developments in the field of artificial intelligence have been making leaps and bounds over the past few years. The practical applications of newer, “smarter” algorithms and machine learning models are everywhere in the real estate industry. AI predictive modeling is used in countless ways for analyzing properties and making market forecasts for everything from when a home will sell, how much it’s likely to sell for, and which residents in a neighborhood are likely to put their property up o

article thumbnail

Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

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.