Housing Wire
NOVEMBER 6, 2024
Fair Isaac Corp. (FICO), the company that retains the rights to the market’s widely adopted consumer credit-risk assessment methodology, announced on Wednesday that it has increased its wholesale royalty from $3.50 to $4.95 per score for mortgage originations. The mortgage industry is now bracing for additional hikes from the credit reporting bureaus and other companies downstream of FICO.
Real Estate News
NOVEMBER 6, 2024
Home listings on the Flyhomes search portal now show the breakdown of recent presidential and congressional voting trends in any given community.
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Housing Wire
NOVEMBER 6, 2024
A stagnant housing market hasn’t held back Zillow ’s mortgage business. On its third-quarter earnings call Wednesday evening, the real estate portal giant reported that its mortgage revenue rose 63% year over year, driven by an 80% jump in purchase origination volume. Compared to the first nine months of 2023, Zillow’s origination channel revenue grew 41% to $104 million.
Real Estate News
NOVEMBER 6, 2024
Growth across all major divisions, which the company attributed to strong conversions and agent partnerships, produced double-digit gains in the third quarter.
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Housing Wire
NOVEMBER 6, 2024
Jim Cory, managing director of reverse mortgages at Guild Mortgage , has been in the industry for the better part of three decades. He is a longtime member of the National Reverse Mortgage Lenders Association (NRMLA), and he was recently elected as its co-chair alongside Mike Kent of PHH Mortgage Corp. Cory first joined the association in 1998 and previously served the board as vice chair.
Real Estate News
NOVEMBER 6, 2024
In the short term, expect "rising and more unpredictable mortgage rates." But the Fed will likely stay the course and issue a modest rate cut this week.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
NOVEMBER 6, 2024
HUD and FHFA executives spoke recently about ways the federal government should get more involved in issues like zoning, mortgages, insurance and appraisals.
Housing Wire
NOVEMBER 6, 2024
There is likely to be a “modest” amount of excess home supply driven by demographic changes as older homeowners move out of their homes or die. But the aging U.S. population is not expected to be an outright source of change to home-price projections over the next 10 years, according to a newly updated report on homes owned by baby boomers. “First, based purely on changing demographics, over the next decade there was projected to be a modest amount of excess supply of homes for sale as older hom
Keeping Current Matters
NOVEMBER 6, 2024
You may be hearing a lot of talk about the Federal Reserve (the Fed) and how their actions will impact the housing market right now. Here’s why.
Housing Wire
NOVEMBER 6, 2024
Fathom Holdings , the parent company to Fathom Realty , announced a new promotion in its executive leadership team. On Wednesday, the firm hired former senior vice president of finance Joanne Zach as chief financial officer. After starting with Fathom in 2021, the new CFO worked directly alongside CEO Marco Fregenal for three years, collaborating on strategic planning and key financial decisions.
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
NOVEMBER 6, 2024
Zillow tallied $581 million in revenue between July and September, according to Q3 earnings released Wednesday. Revenue from the portal's mortgage business hit $39 million, a 63 percent increase from 2023.
Housing Wire
NOVEMBER 6, 2024
Guild Holdings Co. , the parent company of Guild Mortgage , sustained a $66.9 million loss in the third quarter of 2024 after delivering a profit of $37 million in the prior quarter. Meanwhile, its origination volume increased to $6.9 billion, up 6% from the second quarter and 49% higher than the same period in 2023. This led its originations segment to “profitable” results, according to CEO Terry Schmidt.
Inman
NOVEMBER 6, 2024
Renter households increased by 2.7 percent year-over-year in the third quarter to a record 45.6 million, a rate three times higher than the 0.9 percent uptick in homeowner households, according to a new Redfin analysis.
RIS Media
NOVEMBER 6, 2024
The first-time homebuyer marketshare decreased to a historic low of 24% (down from 32% last year), while homebuyers’ ages hit all-time highs of 56 overall (49 last year), 38 for first-time buyers (35 last year) and 61 for repeat buyers (58 last year), according to the National Association of REALTORS®’ (NAR) 2024 Profile of Home… The post First-Time Homebuyers at Historic Low, While Buyer Age Hits Record High appeared first on RISMedia.
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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
NOVEMBER 6, 2024
Inman On Tour will tap into the regional synergies and local affinities of their host cities allowing even more agents, brokers, and tech founders to learn, network with peers, and experience the magic of the Inman community.
Estate Agent Today
NOVEMBER 6, 2024
A third of homes for sale on Zoopla are currently chain-free as investors and second homeowners have looked to sell amidst expected changes to the way second homes are taxed, the portal suggests.
Inman
NOVEMBER 6, 2024
Now that a year has passed, what's your biggest lesson learned since the Sitzer | Burnett verdict? How has your business changed, and have those changes been positive overall?
RIS Media
NOVEMBER 6, 2024
One in 77 homes is vacant, for a total of 1.4 million residential “zombie” foreclosures nationwide, according to a new report from ATTOM Data. This figure has remained constant over the previous 11 quarters, according to the report. “Zombie” properties are those that are in the foreclosure process and have also been abandoned by the… The post Zombie Properties Remain at Historic Low Point in Resilient Market appeared first on RISMedia.
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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
NOVEMBER 6, 2024
Regularly practicing detachment by honing healthy practices, broker Pam Blair writes, doesn’t necessarily change the outward outcome of events but can dramatically alter our internal experience.
RIS Media
NOVEMBER 6, 2024
In leadership, as in life, we encounter moments where the distinction between what we should and shouldn’t do isn’t always clear. During these times, the direction we choose is pivotal in shaping our leadership acumen and resilience. As the baseball season swings into action, Yogi Berra’s insights feel especially poignant. Embrace the power of persistence… The post Thoughts on Leadership: Lessons From Yogi Berra appeared first on RISMedia.
Inman
NOVEMBER 6, 2024
Accused of embezzling as much as $27 billion alongside her husband and other accomplices, Truong My Lan told the court on Monday that her sentence is "too expensive to pay" and "too severe.
RIS Media
NOVEMBER 6, 2024
For innovative brokerage leaders, the twists and turns of 2024 will ultimately lead to one place: A stellar 2025. If you are in the Boston, Massachusetts area on Friday, don’t miss RISMedia’s 28th Annual Power Broker Forum, where top brokers will gather to share their playbook for success in the fourth quarter and into 2025. … The post Ready for the Future: The Broker Playbook for a Stand-Out 2025 appeared first on RISMedia.
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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
NOVEMBER 6, 2024
With these AI-driven strategies at your fingertips, coach Darryl Davis writes, the path to becoming a more successful and efficient real estate agent is clearer than ever.
RIS Media
NOVEMBER 6, 2024
Above, Shauna Fanning Shauna Fanning REALTOR® Lamacchia Realty, Inc. Braintree, Massachusetts [link] Region served: Boston’s South Shore area Years in real estate: 8 Favorite part of your job: The stories, and working with clients who are full of gratitude when they achieve their real estate dreams. What is the most significant trend affecting your business… The post A Strategic Approach to Achieving the American Dream appeared first on RISMedia.
Inman
NOVEMBER 6, 2024
While metrics and KPIs reflect your company's performance, Leah McDonough writes, it's feeling valued and appreciated that defines company culture.
RIS Media
NOVEMBER 6, 2024
As brokers establish new priorities and look for opportunities, it’s clear the old ways are fading. While some have left the past behind in a book of outdated practices, brokers are embracing challenges and searching for solutions to gain an advantage and win in this new age of real estate. Specifically, brokers are analyzing their… The post MLS as a Broker’s Strategic Partner appeared first on RISMedia.
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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
NOVEMBER 6, 2024
In addition to signing a multi-year deal with Pentagon Federal Credit Union, Blend laid off 50 workers in September, or about 9 percent of its workforce.
HomeLight
NOVEMBER 6, 2024
Buying a home is exciting, but securing a good mortgage rate can be challenging, especially when the housing market feels unsettled or unpredictable. But when you’re shopping for a home, what is a good mortgage rate? In this guide, we’ll explain what influences mortgage rates and what might qualify as a “good” rate based on historical trends and your goals as a homebuyer.
RIS Media
NOVEMBER 6, 2024
Mike Fabbri just likes to make people happy. If he can get them into a home as their buyer agent or guide them to a closing as their seller agent, it’s win-win. But it’s his self-professed hobby as a matchmaker that gives him a unique identity. And on the occasion when he doubles up, helping… The post Meet the Matchmaking Agent Who Helps People Find Homes, Love or Both appeared first on RISMedia.
Brownstoner
NOVEMBER 6, 2024
A two-bedroom in a 1920s Finnish co-op sports high ceilings, parquet, and intact details along with a recently updated kitchen and bath. In move-in condition, the walkup is on the 3rd floor of 848 43rd Street, a four-story, 36-unit complex just outside the historic district. Built by the Advance Homes… Read More > The post Sunset Park Finnish Co-op With Parquet, Seven Closets Asks $499K appeared first on Brownstoner.
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