Thu.Dec 21, 2023

article thumbnail

Busting VA mortgage loan myths

Housing Wire

There’s no higher honor than serving in the United States Military , which I deeply understand as a former Army sergeant. And, like many of my fellow service members, I’ve experienced firsthand the sense of missing out on a significant benefit we’ve rightfully earned protecting our freedoms — the VA mortgage loan — which stands as one of the most powerful tools that our nation’s veterans and active-duty military personnel can use to purchase a home and build long-term financial

VA loan 441
article thumbnail

The Ten: New face of NAR meets pivotal moment with confidence

Real Estate News

On stages large and small, NAR President Tracy Kasper is making a compelling push to retake the Realtor narrative and highlight efforts to expand homeownership.

Staging 260
Insiders

Sign Up for our Newsletter

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

article thumbnail

First American is the latest cybersecurity attack victim

Housing Wire

First American is the latest real estate firm to suffer a cybersecurity incident. Sources told HousingWire the incident occurred Wednesday afternoon, with First American confirming the incident Thursday morning. In a statement on the title company’s website it notes that First American has “taken certain systems offline” and that it is working to resume normal business operations as soon as possible.

Title 525
article thumbnail

Sell Smarter: Why Working with a Real Estate Agent May Beat Going Solo

Keeping Current Matters

If you're thinking about selling your house on your own, called “For Sale by Owner” or FSBO, there are some important things to consider.

Agents 268
article thumbnail

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.

article thumbnail

Mortgage rates continue trending down before Christmas

Housing Wire

Mortgage rates stayed below 7% for the second week in a row, a welcome relief after a 17-week streak of above-7% rates. This week’s dip is the largest weekly drop since November 2022. The 30-year, fixed mortgage rate averaged 6.67% for the week ending Dec. 21, according to Freddie Mac ‘s Primary Mortgage Market Survey. That’s down from last week’s 6.95% and up from 6.27% the same week a year ago.

Mortgages 500
article thumbnail

Judge reopens pocket listings case against NAR

Real Estate News

Following a review, Top Agent Network's lawsuit challenging NAR's Clear Cooperation policy — which had been dismissed in 2021 — will be able to proceed.

Agents 263

More Trending

article thumbnail

Cyberattack hits major title insurance firm

Real Estate News

First American Financial is the latest real estate service provider to be targeted by hackers.

Title 277
article thumbnail

Mortgage delinquencies edged higher in November: ICE

Housing Wire

While delinquencies remain low overall, the number of delinquent loans ticked up in November, according to the latest ICE Mortgage Monitor report. Furthermore, the delinquency rate among FHA loans is at a nine-year high, and will be worth watching closely in 2024, the report said. The national delinquency rate climbed to 3.39% in November, which is up 13 basis points from October and down 10 basis points from November 2022.

Mortgages 426
article thumbnail

Mortgage rates tumble, reach lowest level since June

Real Estate News

For those who can find a home to buy, falling rates will provide significant relief.

Mortgages 272
article thumbnail

Dovenmuehle Mortgage to lay off several hundred in Illinois

Housing Wire

Dovenmuehle Mortgage , a mortgage sub-servicing company, has informed authorities in Illinois that it will impose a layoff affecting hundreds of employees next year. The company has decided to cut 212 jobs in its Lake Zurich site starting on Feb. 16, 2024, per a Worker Adjustment and Retraining Notification Act (WARN) filed with the Illinois Department of Commerce and Economic Opportunity. “This action is a partial reduction in the company’s workforce at the site above; the compa

Mortgages 393
article thumbnail

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.

article thumbnail

Title insurer First American Financial is hackers’ latest target

Inman

The nation's second biggest title insurer issues terse statement saying it's taken some systems offline. A ransomware group known as Blackcat, ALPHV or Noberus has infiltrated the computer networks of more than 1,000 victims.

Title 187
article thumbnail

Property Tax Revenue Continues to Climb

Eye on Housing

NAHB analysis of the Census Bureau’s quarterly state and local tax data shows that $129 billion in taxes were paid by property owners in the third quarter of 2023 (not seasonally adjusted).[1] In the four quarters ending Q3 2023, state and local governments collected $757 billion of property tax revenue—an 11.6% increase over Q3 2022. The year-over-year growth rate of property tax revenue.

Sales 131
article thumbnail

Nest Seekers sues Serhant in CT, adding to string of lawsuits

Inman

The $10 million lawsuit alleges two former Nest Seekers managers stole the firm's commissions, clients, intellectual and other confidential property as Ryan Serhant used "unfair and deceptive trade practices" to launch SERHANT. in Connecticut.

Brokerage 185
article thumbnail

Mortgage Rates Continue Their Fall Below 7%

RIS Media

The 30-year fixed-rate mortgage continued its fall below 7% this week, averaging 6.67% this week, down from the previous week’s dip to 6.95%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: The 30-year FRM averaged 6.67% as of December 21, 2023, down from last week when… The post Mortgage Rates Continue Their Fall Below 7% appeared first on RISMedia.

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

These 3 keys unlock optimal performance for real estate teams

Inman

Sotheby's agent Nikki Beauchamp offers insights gleaned from "Harvard Business Review" to help you bring out the best in your team, brokerage or professional organization.

Brokerage 175
article thumbnail

Help Your Seller Get Out Of Their Own Way

RIS Media

With such high-interest rates pricing some buyers out of the market, any good real estate agent knows that fixer-uppers will just sit in today’s market. But it is not just homes that are clearly in despair or in need of a lot of repairs that are not selling. According to Curbio’s 2022 Home Improvement Report,… The post Help Your Seller Get Out Of Their Own Way appeared first on RISMedia.

Agents 124
article thumbnail

Kanye West asks $53M for windowless home sans electricity

Inman

West has abandoned a remodeling job on the Tadao Ando-designed property after getting sued by a live-in contractor and caretaker in September for allegedly forcing him to work 16 hours per day and sleep on the floor near open insulation.

Design 169
article thumbnail

2024 Will Be Challenging for Multifamily Market

RIS Media

As we prepare to reset ahead of the new year, there are indicators that 2024 may not be the clean break from 2023 many are hoping for. The latest Multifamily Rent Report from Yardi® Matrix found that (as of November 2023), rent growth declined 0.4% year-over-year, after a period of tremendous growth in 2021-2022 (a… The post 2024 Will Be Challenging for Multifamily Market appeared first on RISMedia.

Marketing 116
article thumbnail

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.

article thumbnail

23 marketing ideas that make the most of the holiday season

Inman

Marketing and PR expert Molly McKinley offers ways that you can give back to clients and colleagues this holiday season and stay connected to those who matter most in your business.

Marketing 166
article thumbnail

A (Nearly) Complete Index of Every Antitrust and Commission Lawsuit (So Far)

RIS Media

It might feel impossible to keep track of them all. With what seems like a new large-scale, high-stakes lawsuit popping up every few weeks, the big picture of legal challenges to the industry continues to grow more complex and convoluted. While it isn’t necessary, feasible or even advantageous for the average real estate practitioner to… The post A (Nearly) Complete Index of Every Antitrust and Commission Lawsuit (So Far) appeared first on RISMedia.

article thumbnail

Colleen’s AI property management solution automates rent collection

Inman

Colleen’s suite of products address a range of communications and apartment community needs for managers in the multifamily space, including lease renewal engagement, rent submission and other lease term milestones.

article thumbnail

Shining a Light on the ABR® Designation: A True Commitment to the Craft of Buyer Representation

RIS Media

The Accredited Buyer’s Representative (ABR®) designation—offered through the National Association of REALTORS®’ (NAR) Center for REALTOR® Development—is a must for agents who are looking to work directly with buyer-clients at all stages of the home-buying process. After all, the designation elevates one’s skills and knowledge in the eyes of homebuyers.

Design 118
article thumbnail

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.

article thumbnail

Rebecca Donatelli is pioneering change in real estate

Inman

In his latest Snapshot, Brandon Doyle looks at how Rebecca Donatelli is moving the industry forward through leadership, mentoring and education.

article thumbnail

Help Your Agents Grow Their Business With Tech Resources

RIS Media

NAR PULSE— Help your agents stay ahead of the curve with the NEW 2024 Technology Trends Webinar, which unveils groundbreaking technology trends that are set to reshape the real estate industry in 2024. Shop today and share with your agents! Trusted solutions from trusted advisors Turn to NAR REALTOR Benefits® for vetted solutions that… The post Help Your Agents Grow Their Business With Tech Resources appeared first on RISMedia.

Agents 114
article thumbnail

Broker Spotlight: Abel Gilbert, ONEPATH Realty

Inman

Find out how this Miami broker-owner turned a personal connection to homeownership into a passion for brokerage leadership.

Brokerage 178
article thumbnail

Fidelity National Financial Hit With Class Action Lawsuit

RIS Media

Class action lawsuits are rocking the real estate industry right now, from the earth-shattering Burnett v NAR commissions suit to Rocket Mortgage being sued for alleged telemarketing “overload.” Yet another case has been added to the docket, with Fidelity National Financial and its mortgage subsidiary LoanCare as the defendants. On November 21, 2023, Fidelity was… The post Fidelity National Financial Hit With Class Action Lawsuit appeared first on RISMedia.

Mortgages 109
article thumbnail

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.

article thumbnail

HomeScout resurfaces with the acquisition of Trinity Oak Partners

Inman

HomeScout, a real estate technology company for agents and mortgage professionals, acquired Trinity Oak Partners, a lead generation service.

article thumbnail

Consumer Confidence Surged in December

Eye on Housing

Consumer confidence jumped to a five-month high as consumers were more optimistic about inflation and the economic outlook. This optimism was primarily driven by slowing inflation, expectations of lower interest rates, and fading fears of recession. The Consumer Confidence Index, reported by the Conference Board, rose 9.7 points from 101.0 to 110.7 in December, the highest level since August 2023.

115
115
article thumbnail

Sprawling waterfront Miami mansion lists for $36M

Inman

The mansion was the home of Fanny and Charles Dascal, a prominent Miami couple who came to the United States from Cuba and founded Continental National Bank.

Banks 148
article thumbnail

Keller Williams Announces New Executive Appointments

RIS Media

Above, Wendi Harrelson Keller Williams has appointed Wendi Harrelson as president of Keller Williams RI-Owned Regions and John Clidy as vice president of growth. The appointments are effective as of December 12. “Well-known across our ecosystem as servant leaders, Wendi and John will act as growth partners for our regional operating principals and regional directors,”… The post Keller Williams Announces New Executive Appointments appeared first on RISMedia.

Principal 113
article thumbnail

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.