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%.
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.
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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
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.
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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.
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?
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?
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
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.
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.
Advertiser: Trellis
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.
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.
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.
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?
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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
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.
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
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.
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.
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.
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
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.
Inman
SEPTEMBER 14, 2023
In-office requirements are an emerging factor in the real estate market, with fewer and fewer companies willing to accommodate remote work, according to a new report by Redfin.
RIS Media
SEPTEMBER 14, 2023
There is something magical about having a listing that is move-in ready and looks like a buyer’s dream home. Being in the real estate industry, you know far too well that unfortunately most listings won’t come like this ready to serve up on a silver platter. Getting a home market-ready is work and staging is… The post Why Staging is Now a Must & How to Help Your Clients Afford It appeared first on RISMedia.
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.
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
In 1992, pundit James Carville coined the phrase “It’s the economy, stupid!” As a soundbite, it was meant to illustrate that in politics, a good (or bad) economy is all that matters, urging political activists not to overthink their message or their fundamental focus. In real estate, messages also tend to get overcomplicated, which can… The post Economists Predict Longer-Term Housing Rally at RISMedia CEO & Leadership Exchange appeared first on RISMedia.
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.
RIS Media
SEPTEMBER 14, 2023
OneKey® MLS has launched an enhanced version of OneKeyMLS.com, the consumer property search portal offering listings in New York City, Long Island and the Hudson Valley region. The portal maintains 49,000 subscribers and 4,500 participating offices in the New York regional coverage area. The new site features more in-depth residential and commercial listing data in… The post OneKey MLS Launches Improved Property Search Portal appeared first on RISMedia.
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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.
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.
RIS Media
SEPTEMBER 14, 2023
The 30-year fixed-rate mortgage (FRM) averaged 7.18% this week, back to where it was two weeks ago after a dip to 7.12% last week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday. This week’s numbers: 30-year fixed-rate mortgage averaged 7.18% as of September 14, 2023, up from last week… The post Mortgage Rates Inch Back Up appeared first on RISMedia.
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.
RIS Media
SEPTEMBER 14, 2023
Lone Wolf Technologies is expanding its relationship with Realtor.com®; exclusive buyer intel reports from Realtor.com®’s Listing Toolkit will be available in Lone Wolf’s Cloud CMA solution and viewable by its over 50,000 subscribers. “We’re proud to collaborate with Realtor.com® and make the information from this exciting new solution available in Cloud CMA,” said Jimmy Kelly,… The post Lone Wolf and Realtor.com Collaborate on CMA appeared first on RISMedia.
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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