Thu.Feb 23, 2023

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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.

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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 230
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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 446
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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.

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3 Real Estate Office Hacks to Help Kickstart the Busy Season

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.

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2022 Rising Star honoree on brand strategy

Housing Wire

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 someone from your organization today. A successful marketing strategy is essential in an environment of fierce competition among global real estate companies.

Branding 319
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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 215

More Trending

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How To Make Your Dream of Homeownership a Reality

Keeping Current Matters

According to a recent Harris Poll survey, 8 in 10 Americans say buying a home is a priority, and 28 million Americans actually plan to buy within the next 12 months. Homeownership provides many financial and nonfinancial benefits, so that interest is understandable.

Marketing 180
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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.

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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 207
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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.

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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

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.

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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?

Marketing 105
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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.

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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.

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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 142
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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.

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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.

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Real estate industry welcomes FHA premium cuts, with caveats

Inman

Cuts are expected to save borrowers $678 million a year but don't apply to existing loans or release homeowners who have built up equity from "life-of-loan" requirements.

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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.

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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.

Brokerage 131
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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

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.

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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.

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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

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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

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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 131
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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

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.

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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.

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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 120
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CoStar Not Acquiring Realtor.com: Speculating on Why Not

Notorious ROB

I’ve been 100% heads-down on a project. But thought I’d take a moment to comment on the news that CoStar and News Corp are no longer in talks about Realtor.com. This is not a Q4 review; that still remains to be done, probably after all the reports as there have been very few worthy of note. But this news is interesting, especially when combined with other comments from CoStar during the earnings call.

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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
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5 Data Proven Ways Agents Can Do 18% More Business

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.

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Sotheby’s International Realty Expands in Alabama

Sotheby's International Real Estate

Photo by Bham Now Sotheby’s International Realty has announced that LAH Real Estate, Inc. has joined the network and will now operate as LAH Sotheby’s International Realty. The addition marks the brand’s continued growth in Alabama and its seventh office in the state. The firm, co-owned by Maurice Humphries, Tom Carruthers, Charles Robinson, Mike Graham, and Coke Williams, will serve the city of Birmingham and the surrounding area, with offices in Homewood, Mountain Brook, and

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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 144
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Instant Reaction: Mortgage Rates, February 23, 2023

NAR: Economic Outlook

Instant Reaction: Mortgage Rates, February 23, 2023 The average rate on a 30-year fixed mortgage rose to 6.50% from 6.32% the previous week.

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Missing Middle Housing Production Lags

Eye on Housing

The missing middle construction sector includes development of medium-density housing, such as townhouses, duplexes and other small multifamily properties. While townhouse construction has trended higher in recent quarters, the multifamily segment of the missing middle (apartments in 2- to 4-unit properties) has disappointed. For 2021, there were only 12,000 starts of such residences.

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Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

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.