Housing Wire
SEPTEMBER 14, 2023
Mortgage rates inched back up this week and remain anchored north of 7% as investors focus on the impact of rising headline inflation ahead of next week’s Fed rate decision. Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.18% as of Sept. 14, up from last week ’s 7.12%.
Keeping Current Matters
SEPTEMBER 14, 2023
One question that’s top of mind if you’re thinking about making a move today is: Why is it so hard to find a house to buy?
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Housing Wire
SEPTEMBER 14, 2023
As competitive as real estate can be, it’s also collaborative. Every aspect of brokering a deal involves working together with others. But as much as it’s already a core tenet of real estate, collaboration currently presents a unique new opportunity for real estate agents to evolve the way they work with their buyers and sellers. Consumer expectations have changed dramatically in the last few years.
Real Estate News
SEPTEMBER 14, 2023
Roam, launched this week by a former Opendoor employee, aims to help buyers through the complicated and time-consuming mortgage assumption process.
Advertisement
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.
Housing Wire
SEPTEMBER 14, 2023
Most tech CEOs emphasize how their technology empowers, not replaces, humans. But Pavan Agarwal, CEO of Sun West Mortgage Company and the creator of the Angel Ai technology, has a different perspective, which he shares in this interview with HousingWire Editor in Chief Sarah Wheeler. This interview has been edited for length and clarity. Sarah Wheeler: What do people in the mortgage industry not understand about AI?
Real Estate News
SEPTEMBER 14, 2023
The Instagram fave will become a “property event series” on HGTV in 2024, plus The Agency founder Mauricio Umansky will join Dancing with the Stars.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
SEPTEMBER 14, 2023
With inflation proving tough to tame, 7% mortgages may be the norm for a while.
Housing Wire
SEPTEMBER 14, 2023
Zillow Gone Wild, the popular Instagram account with 1.8 million followers, is getting its own nine-episode series on HGTV , the company announced on Tuesday. Slated to premiere in early 2024, the show will feature eight 30-minute episodes and an hour-long season finale. The series will take fans into the action, touring one-of-a-kind homes on the market.
Inman
SEPTEMBER 14, 2023
Judge Patti Saris, of the U.S. District Court in Massachusetts, preliminarily approved the deal after the settlement fund was restructured.
Housing Wire
SEPTEMBER 14, 2023
The U.S. housing market is short by at least 6.5 million homes. After more than a decade of under-building relative to population growth, there are simply not enough affordable entry-level and first-time move-up options available for buyers. Renters are finding themselves priced out of areas within a reasonable commuting distance to work. The scarcity of housing has driven home prices and rents prices to an all-time high and pushed affordability to a multi-decade low.
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.
Inman
SEPTEMBER 14, 2023
Cordless Media’s products are designed for companies trying to reach the real estate brands, home buyers, moving companies, investors and other entities in real estate verticals.
Housing Wire
SEPTEMBER 14, 2023
California-based loanDepot has appointed Dan Hanson to a newly-created role of executive director of enterprises partnerships and acquisitions as the company seeks to invest in profitable growth-generating initiatives, it announced on Thursday. The mortgage lender has had several changes to its leadership so far this year. In July, loanDepot appointed Darren Graeler as executive vice president and chief accounting officer.
Inman
SEPTEMBER 14, 2023
Mortgage-rate locks on second homes were down 47 percent from their pre-pandemic levels in Aug. 2023 as market factors have made owning a second home more costly and complicated in the last year, Redfin reported.
Housing Wire
SEPTEMBER 14, 2023
Adrian Gastelum, a vice president and branch manager at Nova Home Loans, recently had a prospective borrower apply for a Federal Housing Administration (FHA) mortgage. The client had just started a new job, and that can be tricky. FHA guidelines require a two-year work history and allow for a gap of one month or longer in employment with a letter of explanation.
Advertisement
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.
Inman
SEPTEMBER 14, 2023
Want the Real Tea on "Selling the OC"? Inman asked The Oppenheim Group agents to share a few things you probably don't know. Here are the Netflix stars’ fun facts, along with personal pictures.
Housing Wire
SEPTEMBER 14, 2023
Demand for newly constructed homes continues to remain high as existing for-sale inventory remains historically low. Mortgage applications for new home purchases increased 20.6% in August on a year-over-year basis. Compared to July 2023, applications increased by 4%. This change does not include any adjustment for typical seasonal patterns. MBA’s survey tracks application volume from mortgage subsidiaries of homebuilders across the country.
Inman
SEPTEMBER 14, 2023
During her keynote at Ben Kinney's BuiltHOW conference, SPANX founder Sara Blakely shared the keys to scaling a business while maintaining joy and creativity.
RIS Media
SEPTEMBER 14, 2023
Before you buy a home, unless you have the cash to purchase outright, you’ll need to get pre-approved. Understanding how mortgage pre-approvals work is essential. This means finding a lender that offers the type of mortgage you want and then going through the pre-approval process. They will then give you a pre-approval letter that you… The post Does a Mortgage Pre-Approval Expire?
Advertisement
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.
Inman
SEPTEMBER 14, 2023
The consumer-facing search experience was devised and is run by California Regional MLS (CRMLS), Bright MLS and REcolorado. It was released in the first quarter of 2023 and designed as an ad-free bridge between consumers and listing data.
Bigger Pockets
SEPTEMBER 14, 2023
Amortization in real estate is a process in which you pay down the balance and interest owed on a loan in equal payment installments.
Inman
SEPTEMBER 14, 2023
Learn how this Costa Rica brokerage founder used his experience as a travel professional to differentiate his real estate services.
RIS Media
SEPTEMBER 14, 2023
Love at first sight is all well and good in a movie, but when it comes to buying a house there’s no such thing. Or shouldn’t be, anyway. And it’s the REALTORS® job to make sure a client knows everything possible about a house—good and bad. Yes, your client will have the house inspected, but… The post 4 Reasons Buyers Should Visit a Home Often Before Committing appeared first on RISMedia.
Advertisement
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.
Inman
SEPTEMBER 14, 2023
After nine years as CEO, Sven Odia will step into the newly created role of president, with a focus on supporting the luxury brand's expansion into new markets.
Eye on Housing
SEPTEMBER 14, 2023
According to the latest Producer Price Index report, the price level of inputs to residential construction less energy (i.e., building materials) ticked up 0.1% in August (not seasonally adjusted). Prices have also increased 0.1% over the past 12 months as year-over-year price growth has slowed from 4.9% in January 2023 and 14.7% in August 2022. The 12-month increase is the smallest.
Inman
SEPTEMBER 14, 2023
Luxury adviser Chris Pollinger offers insight into casting a vision and inspiring luxury agents to reach their highest level of performance.
Bigger Pockets
SEPTEMBER 14, 2023
Mortgage rates are ravaging the real estate market, but Warren Buffett is bullish on housing.
Advertisement
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.
Inman
SEPTEMBER 14, 2023
No one can predict the future of real estate, but you can prepare. Find out what to prepare for and pick up the tools you’ll need at the immersive Virtual Inman Connect online Nov. 1-2, 2023. And don’t miss Inman Connect New York on Jan. 23-25, 2024, where AI, capital and more will be center stage.
Bigger Pockets
SEPTEMBER 14, 2023
The fear of Job loss has become real for most Americans. And if you’re falling into the “middle-class trap,” a sudden loss of income could be even more severe.
Inman
SEPTEMBER 14, 2023
While others are learning from their mistakes in today's market, Jimmy Burgess says that you don't have to. Find out what you should be doing right now to boost your real estate business.
RIS Media
SEPTEMBER 14, 2023
Editor’s Note: The Playbook is an RISMedia biweekly segment centering on what brokers and agents are doing to ensure they not only survive but thrive in these challenging times. Industry professionals explain the strategies they’re employing and unique ideas they’ve formulated. Tune in every other Thursday for another addition to the series. First-time buyers have… The post THE PLAYBOOK: Helping Gen Zers Become First-Time Homebuyers appeared first on RISMedia.
Advertisement
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.
Expert insights. Personalized for you.
459 
Let's personalize your content