Housing Wire

NOVEMBER 22, 2023

Going more in-depth than a Fed meeting, our virtual Housing Market Update event provides you with the strategy-building insights needed to operate in 2024. It’s a savagely unhealthy housing market out there, and these economists unpack what that means for you. Register for the virtual event on Dec. 11 here. In a typical year, there are about 5.2 million sales of existing homes nationally and home prices rise by about 4%.

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Marketing Construction Sales Mortgages 485

Real Estate News

NOVEMBER 22, 2023

Applications increased as 30-year fixed-rate mortgages declined for a fourth straight week.

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Fixed-rate mortgage Mortgages 305

Housing Wire

NOVEMBER 22, 2023

Mortgage applications rose to their highest level in six weeks after the 30-year fixed mortgage rate fell to 7.44% last week. Total home loan applications increased 3% for the week ending Nov. 17 compared to the previous week , according to data from the Mortgage Bankers Association (MBA). Mortgage rates for the 30-year fixed loan averaged 7.44%, falling 6 basis points in one week, according to Freddie Mac ‘s Primary Mortgage Market Survey.

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VA loan FHA loan Mortgages Loans 466

Keeping Current Matters

NOVEMBER 22, 2023

If you’re feeling a bit muddy on what’s happening with home prices, that’s no surprise.

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Marketing 259

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Housing Wire

NOVEMBER 22, 2023

For the fourth consecutive month , homebuilder confidence sank in November, according to the National Association of Home Builders /Wells Fargo Housing Market Index published last week. The pessimistic streak is especially notable given that the fall months have recently been lucrative for builders. The index fell to 34 in November, well below the 50 mark that divides bullish and bearish sentiments.

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Closing Closing costs Sales Mortgages 452

Inman

NOVEMBER 22, 2023

Gone are the days of collecting business cards and cramming them into an overstuffed Rolodex. These days, customer relationship management (CRM) software is the tool that makes keeping client information safe and accessible.

Brokerage 190

Brokerage Agents 190

Inman

NOVEMBER 22, 2023

Requests for purchase loans were up 4 percent last week compared to the week before, but down 20 percent from the same time a year ago, according to a weekly survey of lenders by the Mortgage Bankers Association.

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Mortgages Loans Marketing 188

Housing Wire

NOVEMBER 22, 2023

Mortgage rates dropped significantly in the last few weeks, but the cost of borrowing remains high prompting many homebuyers to wait for even lower rates. The 30-year, fixed mortgage rate averaged 7.29% for the week ending Nov. 22, according to Freddie Mac ‘s Primary Mortgage Market Survey. That’s down significantly from last week ’s 7.44% and up from 6.58% the same week a year ago.

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Mortgages New Construction Construction Sales 450

Inman

NOVEMBER 22, 2023

Home-listing portals all rely on the same source for school ratings, which are treated as essential by many homebuyers. If used improperly, critics fear the data could lead to Fair Housing violations.

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Brokerage Technology Agents 177

Housing Wire

NOVEMBER 22, 2023

The housing market has not hit the bottom in existing home sales yet, Fannie Mae projected. With mortgage rates having previously soared to around 8% , existing home sales will likely decline further to bottom out in early 2024. The good news is that sales will rebound as mortgage rates are expected to decline, Fannie Mae’s Economic and Strategic Research (ESR) group, said in its November commentary.

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Sales Mortgages Land As-is 418

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Loans

Inman

NOVEMBER 22, 2023

Two closely watched forecasts agree that mortgage rates have probably peaked, but diverge sharply on how quickly they'll come down over the next two years.

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Mortgages Closing Sales Marketing 179

Housing Wire

NOVEMBER 22, 2023

Mike Cagney’s financial technology firm Figure Technologies has taken another step to go public with its lending division, LendCo , hiring investment banks to coordinate the initial public offering (IPO), per a Bloomberg report. People familiar with the transaction told Bloomberg that Figure is working with Goldman Sachs Group Inc. , JP Morgan Chase & Co. and Jefferies Financial Group Inc. for the IPO.

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Lending Banks Equity Technology 405

Inman

NOVEMBER 22, 2023

The Century 21 president and CEO spoke to Intel about his 25th anniversary with the brokerage, deploying AI to recruit agents and his plan to grow marketshare across New York City in 2024.

Brokerage 178

Brokerage Agents Technology 178

Housing Wire

NOVEMBER 22, 2023

Editor in Chief Sarah Wheeler sat down with Scot Rose , CIO at Class Valuation , to talk about innovation in the appraisal space and how the technology being deployed for appraisal modernization can actually protect appraisers. This interview has been edited for length and clarity. Sarah Wheeler: You’re the chief innovation officer at an appraisal firm, and the appraisal space has not always been known for tech innovation.

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Technology Due diligence Development Loan Officer 421

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Inman

NOVEMBER 22, 2023

The servicer is facing five separate federal lawsuits over an Oct. 31 cyberattack that knocked out services for days and prevented borrowers from accessing their accounts or paying home loans.

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Loans Mortgages Industrial 162

Housing Wire

NOVEMBER 22, 2023

While foreclosure completions remained relatively flat in October, foreclosure starts rose to 33,000, hitting their highest level in 18 months, according to the ICE Mortgage Monitor report. In October, there were 217,000 loans in active foreclosure , up 3,000 since September. However, this remains 25% under the pre-pandemic levels. The national delinquency rate fell three basis points to 3.26% in October.

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Staging Loans Mortgages Finance 386

Inman

NOVEMBER 22, 2023

Neither brand recognition nor the promise of lower rates were as valuable to agents as a mortgage lender's ability to reliably obtain funding, according to results from the latest Inman Intel Index.

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Branding Mortgages Agents Brokerage 162

RIS Media

NOVEMBER 22, 2023

Choosing a new home is an exciting and significant decision in one’s life. One of the many choices you’ll encounter when searching for the perfect home is whether to buy a house on a corner lot. Corner lots are unique in many ways, offering various advantages and disadvantages. Examining the pros and cons of corner… The post Should a Buyer Consider a House on a Corner Lot?

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Industrial 138

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.

Agents

Inman

NOVEMBER 22, 2023

CEO Troy Reierson offers insights gleaned from young professionals and the way they add their unique perspectives to the practice of real estate.

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Agents 188

RIS Media

NOVEMBER 22, 2023

Seeing their fourth week of declines, the 30-year fixed-rate mortgage (FRM) averaged 7.29% this week, down from last week’s dip to 7.44%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Wednesday, Nov. 22. This week’s results include an adjustment for the observance of Thanksgiving. This week’s numbers: The 30-year FRM… The post Mortgage Rates Continue to Slide Down appeared first on RISMedia.

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Fixed-rate mortgage Mortgages Marketing Industrial 126

Inman

NOVEMBER 22, 2023

Join Katie Lance and learn how to create a social media calendar that will drive engagement and boost your business in 2024.

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Marketing Agents 176

RIS Media

NOVEMBER 22, 2023

Anywhere Real Estate Inc. and RE/MAX both announced on Nov. 20 that the companies have received preliminary court approval of their agreements to settle all claims asserted or which could have been asserted against them in the Burnett, Moehrl and Nosalek antitrust class action litigation. Preliminary approval of the settlements, the terms of which were… The post Anywhere, RE/MAX Receive Preliminary Approval of Nationwide Settlement Agreements appeared first on RISMedia.

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MLS Industrial Agents 120

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.

Agents

Inman

NOVEMBER 22, 2023

It's the season for giving, so we're asking you: How did you share with others this year?

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Agents 161

RIS Media

NOVEMBER 22, 2023

The world of residential real estate is exciting and full of opportunities, but it also comes with unique safety considerations. Meeting prospective clients, often for the first time, is integral to the job. A recent survey of REALTORS®, members of the National Association of REALTORS® (NAR), who work in residential real estate shows that many… The post Staying Safe in the Residential Real Estate World appeared first on RISMedia.

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Residential Industrial Agents 119

Bigger Pockets

NOVEMBER 22, 2023

One disadvantage that entrepreneurs and “small-time” real estate investors have is that we cannot do anywhere near the amount of market research that large corporations can.

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Marketing Investor 115

RIS Media

NOVEMBER 22, 2023

Above, an attendee at NAR NXT in Anaheim, California looks out over a balcony at the convention center. Last Tuesday, scattered across the smoggy, sunny concrete walkways that loop around the Anaheim Convention Center, REALTORS® soaked up the 78-degree Southern California weather, mostly exuding a business-as-usual attitude—balancing plastic salad bowls on their laps as they… The post NAR NXT 2023: A Gritty Gathering Against Looming Storms appeared first on RISMedia.

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Industrial Agents 118

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Agents

HomeLight

NOVEMBER 22, 2023

In today’s high-interest mortgage market, finding affordable homebuying options is more challenging than ever. As you navigate the complex world of home loans, one term you might have come across is “assumable loan.” Specifically, FHA loans, known for their lower down payment and credit score requirements, often come into focus. But are these loans assumable?

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FHA loan Loans Mortgages Agents 108

Bigger Pockets

NOVEMBER 22, 2023

The Home Depot announced its Q3 earnings last week, showing signs of life in a dormant housing market. Read more about why this is good news for investors.

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Investor Marketing 116

Brownstoner

NOVEMBER 22, 2023

A short stroll from Fort Greene Park and within the neighborhood's historic district, this 1880s Neo-Grec brownstone offers some period details and room for a new owner to make some stylish modern upgrades. At 61A South Elliott Place, the legal two-family has wood floors, six mantels, moldings, and some interior… Read More > The post Fort Greene Neo-Grec Brownstone With Six Mantels, Wood Floors Asks $3.395 Million appeared first on Brownstoner.

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Marketing 106

Bigger Pockets

NOVEMBER 22, 2023

If you’ve spent any time researching investing in real estate (or stocks), you have probably heard people throw around the phrase: “Time in the market is better than timing the […]

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Marketing 104

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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