Real Estate News
MARCH 15, 2023
Price point shouldn't determine your level of service. But luxury pro Farrah Brittany points out a few special considerations when working with luxury buyers.
Housing Wire
MARCH 15, 2023
Following a chorus of complaints from the mortgage industry, the Federal Housing Finance Agency (FHFA) on Wednesday announced that it would delay the implementation of a new and controversial upfront fee on Fannie Mae and Freddie Mac borrowers with higher debt-to-income ratios. The upfront pricing fee on DTI ratios of 40% or more – part of a larger series of changes to the Enterprises’ pricing grids – was slated to go into effect on May 1, 2023. “FHFA has decided to delay the effecti
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Real Estate News
MARCH 15, 2023
With the value of its residential real estate surpassing $3.6 trillion, Florida edged out New York but trails California among markets with the top home values.
Housing Wire
MARCH 15, 2023
Fannie Mae announced on Wednesday that it has appointed Michael Seelig to its board of directors, where he will serve on the audit committee. Seelig’s mandate is to “help Fannie Mae fulfill its mission to facilitate equitable and sustainable access to homeownership and quality affordable rental housing across America,” according to a statement from the government-sponsored enterprise (GSE).
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Keeping Current Matters
MARCH 15, 2023
Though there are more homes for sale now than there were at this time last year, there’s still an undersupply with fewer houses available than in more normal, pre-pandemic years.
Housing Wire
MARCH 15, 2023
The Silicon Valley Bank and Signature Bank failures that occurred over the last week have caused even more uncertainty within the mortgage industry. Still, homebuyers took advantage of declining rates provoked by the turbulence and applied for home loans. Meanwhile, mortgage lenders are still trying to calm down their investors and business partners.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
MARCH 15, 2023
Silicon Valley Bank resumed mortgage originations on Tuesday via its newly established “bridge bank” — just four days after California state regulators took possession of the financial institution and appointed the Federal Deposit Insurance Company (FDIC) as receivers. “We are still open for business and my team is still working together moving the mortgage loans through our pipeline,” Suzie Porter, director of mortgage operations at SVB, said in a social media post on Tu
Inman
MARCH 15, 2023
Coldwell Banker Chief Operating Officer Liz Gehringer told Inman a diversity push is helping grow the company even in a slower market. She also touted the return of international buyers as the pandemic winds down.
Housing Wire
MARCH 15, 2023
You’ve likely heard of ChatGPT and the online discussions surrounding its use. The AI-powered language tool has been sparking conversations about where and how it can be used to make work more efficient, and the mortgage business is no exception. ChatGPT was launched in November 2022 by OpenAI. The tool has been trained on millions of pages of writing dating from 2021 and earlier across the internet.
Inman
MARCH 15, 2023
AI is useful, but it's far from perfect. Here are five common questions buyer clients ask agents, incorrect responses from ChatGPT, plus the correct response agents should use to avoid litigation.
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Housing Wire
MARCH 15, 2023
One day after Signature Bank collapsed , an affiliate of loanDepot moved $225 million of cash balances to a large money center bank, the mortgage company disclosed Wednesday morning. With the transfer, the lender said all cash and cash equivalents are now distributed across large money center banks, according to an 8k filing with the Securities and Exchange Commission (SEC).
Inman
MARCH 15, 2023
After several years of bidding wars and waived contingencies, the scales are starting to tip in homebuyers' favor, according to Redfin's latest market report published on Wednesday. During the three months ending Feb. 28, 45.5 percent of homesellers offered to cover repairs, closing costs and mortgage rate buy-downs alongside other concessions. That's a 14.4 percent increase from last year and the highest concession rate since June 2020.
Eye on Housing
MARCH 15, 2023
After four consecutive declines, the producer price index (PPI) for inputs to residential construction less energy (i.e., building materials) rose 0.3% in February 2023 (not seasonally adjusted) follow a 1.1% increase in January (revised), according to the latest PPI report. Price growth of goods inputs to residential construction, including energy, gained 0.4% over the month.
Inman
MARCH 15, 2023
Within six weeks, the companies exceeded their adoption target, largely as a result of an internal marketing campaign whereby agents who were early adopters of the program made recommendations to other agents based on experience, BHS exclusively told Inman.
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Realty Biz
MARCH 15, 2023
With changes in the housing market, you might question whether it is a good time to buy a house. But a better question to ask is whether now is the right time in your life to buy a house. What happens in the housing market is important, but your financial situation and whether you are ready to buy a home should be more influential in your decision. Understanding how to buy a house and the steps in the process is also essential before making such a significant commitment.
Inman
MARCH 15, 2023
The announcement follows the resignations of former Long & Foster Companies President and CEO Jeff Detwiler and former Long & Foster Real Estate President Boomer Foster, which were made public at the beginning of this week.
Propmodo
MARCH 15, 2023
The U.S. economy has been going through a rough patch, as economies are prone to do now and then. Last year, it met the informal threshold of a recession with two consecutive quarters of negative gross domestic product growth. But despite that, the National Bureau of Economic Research has not officially declared a recession yet. Typically, it takes them about a year to make that call as a recession is based on a broad range of economic factors.
Inman
MARCH 15, 2023
The firms said they would expand into Houston, Phoenix and Dallas. The expansion follows the group’s February announcement that they would offer their joint service in Atlanta and Raleigh.
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.
BubbleInfo
MARCH 15, 2023
Have the frenzy conditons become the norm? With Frenzy in the spring, and Not-Frenzy the rest of the year? Real estate agents/brokers/builders: what are you seeing in your local housing market right now?
Inman
MARCH 15, 2023
Builder confidence rose 2 points in the latest National Association of Home Builders' Housing Market Index, but economists fear lending challenges in the wake of bank failures this month.
Sotheby's International Real Estate
MARCH 15, 2023
Featuring curated videos from the most sought-after destinations the world over, discover this week’s V ideo of the Week. San Francisco, California | Sotheby’s International Realty – San Francisco Brokerage 2400 Green Street is a romantic neighborhood gem located at the meeting point of Pacific Heights and Cow Hollow. Set against the backdrop of beautifully dappled architecture sloping towards the bay, this stately corner home enjoys a coveted location within walking distance to
Inman
MARCH 15, 2023
From outdated designs to lackluster content, these errors can significantly impact your business. But with some insight on how bad each mistake really is, you can avoid the worst ones and create a website that's an asset for your business.
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.
Broke Agent Media
MARCH 15, 2023
BAM Key Details: Meta recently announced users can now upload Facebook Reels up to 90 seconds and use templates for trending Reels. Gary Vaynerchuk took to social media to explain why Facebook Reels are working for creators right now. If you’ve been keeping up with the latest social media trends, you probably heard about the recent updates to Facebook Reels.
Inman
MARCH 15, 2023
Zillow said its partnership with Engrain will give renters the ability to see what floor their potential dwelling is on, as well as the view outside and within the building.
Maximum Exposure Real Estate
MARCH 15, 2023
Should I Sell My House or Rent it Out? If you are thinking about leaving your old house behind for a different one – to upgrade, to downsize, to relocate, or for some other reason – you are probably thinking the same thing most people in your situation do: “Should I rent my house, or […] The post Should I Sell Rent or Sell My House appeared first on Maximum Real Estate Exposure.
Inman
MARCH 15, 2023
ChatGPT can be a useful tool, but it spits out a lot of bad advice, writes Bernice Ross. In Part Two of the series, find out what seller information the AI gets wrong.
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Broke Agent Media
MARCH 15, 2023
BAM Key Details: According to RentCafe’s Rental Competitivity Report, rental competition has significantly increased in the Northeast as New Jersey overtakes Miami as the hottest rental market in the U.S. Overall, competition has cooled slightly, but low inventory and lack of affordable housing make it a challenging market for all. The lack of affordable for-sale properties, coupled with high mortgage rates, have put homeownership out of reach for many.
Inman
MARCH 15, 2023
Leadership is not an inherent quality; it can be learned and constantly improved, according to PLACE's Ben Kinney and Brian Gubernick. Team leader Carl Medford outlines the eight qualities they've identified as leadership game-changers.
Maximum Exposure Real Estate
MARCH 15, 2023
What to Know About Doing an Owner Search of Property Are you looking to find out the ownership of a specific home? You may want to know how to find out who owns a property for many reasons. Countless people perform property ownership searches. Perhaps you want to purchase an abandoned or waterfront house you’ve […] The post How to Find Out Who Owns a Property appeared first on Maximum Real Estate Exposure.
Inman
MARCH 15, 2023
Want to take your client relationships to the next level and have some fun while doing it? Trainer Darryl Davis suggests client appreciation parties — with a twist.
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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