Housing Wire

JUNE 15, 2023

After a slight decline this week, mortgage rates are expected to stay at their current elevated levels for a while in reaction to the Federal Reserve ‘s (Fed) decision to pause its tightening monetary policy in June. In turn, mortgage origination volumes will remain under pressure for the remainder of the year. The 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 6.69% as of

Mortgages 418

Mortgages Loans Lending Banks 418

Real Estate News

JUNE 15, 2023

The 30-year fixed-rate mortgage averaged 6.69% this week in the Freddie Mac Survey, down just a hair from last week’s 6.71%.

Fixed-rate mortgage 278

Fixed-rate mortgage Mortgages 278

Housing Wire

JUNE 15, 2023

​​The Federal Reserve ‘s (Fed) interest rate hike pause will give the housing industry a cautious sigh of relief, but observers are already nervous that the rate-induced pain train won’t come to a complete stop for a while longer and volatility will remain. The Fed’s updated economic projections showed that central bankers forecast that inflation could finish 2023 at 3.2% up from March’s projection at 3.3%; core PCE inflation at 3.9% after stripping out food and fuel prices, an

As-is 396

As-is Industrial Fixed-rate mortgage Mortgages 396

Real Estate News

JUNE 15, 2023

A Redfin report found that nearly 60% of homeowners with mortgages have lived in their home for 4 years or less, and almost all have low interest rates.

Mortgages 264

Mortgages 264

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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.

Development

Housing Wire

JUNE 15, 2023

According to a study by Ernst & Young, there is one trait that is shared by 94% of women who hold C-suite level positions. PepsiCO CEO Indra Nooyi has it. So does former Hewlitt-Packard CEO Meg Whitman. Elevance Health CEO Gail Koziara Boudreaux and Sheex CEO Michelle Marciniak possess it as well. So, what is this trait? These women are all former athletes.

Development 370

Development Loan Officer Lending Branding 370

Keeping Current Matters

JUNE 15, 2023

If you're thinking about buying or selling a house, it's important to know that it doesn't just affect your life, but also your community.

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Inman

JUNE 15, 2023

New listings dropped 23 percent year over year, pulling the number of homes on the market down 39 percent compared to the same period five years ago, according to an analysis by Redfin issued Thursday.

Sales 158

Sales Marketing Mortgages 158

Housing Wire

JUNE 15, 2023

The Consumer Financial Protection Bureau (CFPB) will look for ways to streamline and simplify mortgage servicing rules in the months ahead following public comment on how to reduce risks for borrowers having trouble with their mortgage payments, according to a blog post from CFPB Director Rohit Chopra. Chopra noted in the post the importance of mortgage servicing rules to the ability for borrowers to keep up with their loans — despite servicers being chosen by the lender and not the borrower, he

Mortgages 368

Mortgages Loans As-is 368

Inman

JUNE 15, 2023

Tune in to learn how to leverage your social media for converting leads and what specific areas of your business to prioritize for growth.

Brokerage 148

Brokerage Marketing Agents 148

Housing Wire

JUNE 15, 2023

Guild Mortgage announced on Thursday the appointment of Lamont Watson as the company’s first vice president of diverse talent development. The goal of this role is to enhance Guild’s efforts in recruiting, developing, and empowering a diverse workforce while fostering an inclusive environment for its employees, according to the company. “Through Lamont’s leadership, Guild will continue to build a diverse and inclusive organization that thrives on the strengths and talents

Development 362

Development Loan Officer Banks Mortgages 362

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.

Industrial

Inman

JUNE 15, 2023

ChatGPT has opened a window of opportunity that typically only comes a few times during a career. Take advantage of this amazing tool and your business can’t help but grow.

Agents 148

Agents Technology Marketing 148

Housing Wire

JUNE 15, 2023

National mortgage loan subservicer Cenlar FSB announced on Thursday that it has named the Thomas Donatacci as its investor relations officer. Donatacci has extensive experience in servicing transactions and subservicing, due diligence, and M&A. He is expected to strengthen Cenlar’s relationships with stakeholders in this role, including agency investors, shareholders, clients, and rating agencies. “I am confident that Tom will further strengthen our market presence, as well as in

Investor 361

Investor Due diligence Loans Banks 361

Inman

JUNE 15, 2023

Patrick Carroll was sued by restaurant manager Miguel Angel Weill, who accused Carroll of spitting on him during a videotaped dispute in April. Carroll has not been served with the lawsuit, according to his attorney Duncan Levin.

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Calculated Risk Real Estate

JUNE 15, 2023

CR Note: A year ago, housing economist Tom Lawler explained why the spread between mortgage rates and the 10-year Treasury yield was wider than “normal” See: Lawler: Mortgage/Treasury Spreads, Part I and Lawler: Mortgage/Treasury Spreads Part II: “Decomposing” the Widening This Year. From housing economist Tom Lawler: Last May I wrote a two-part piece on why the spread between the 30-year fixed-rate mortgage rate and the 10-year Treasury rate had widened significantly fro

Mortgages 135

Mortgages Fixed-rate mortgage As-is Investor 135

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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.

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Inman

JUNE 15, 2023

In response to an Inman article Tuesday questioning the National Association of Realtors' response to discriminatory practices, NAR CEO Bob Goldberg defended the trade group's track record.

MLS 148

MLS Brokerage Agents 148

Bigger Pockets

JUNE 15, 2023

Housing market forecasts, affordability false flags, forty-year mortgages, and a baby boomer shopping spree.

Mortgages 128

Mortgages Marketing 128

Inman

JUNE 15, 2023

OJO Pro+ will cater to just a handful of teams in each market. The product is one of two new offerings from OJO meant to provide high-quality leads and insights to agents.

Agents 148

Agents Marketing Technology Brokerage 148

Bigger Pockets

JUNE 15, 2023

One of the best ways to boost your earning potential is with multiple income streams.

Finance 128

Finance 128

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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.

Agents

Inman

JUNE 15, 2023

Learn what makes this tight-knit and high-performing team tick, and find out what they can teach you about optimizing your performance.

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RIS Media

JUNE 15, 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. The list of… The post THE PLAYBOOK: Addressing the Tough Questions Surrounding Today’s Market appeared first on RISMedia.

Marketing 116

Marketing Industrial Agents Development 116

Inman

JUNE 15, 2023

Loan servicer Mr. Cooper is 'deeply disappointed' that the HUD OIG audit focused on problems it says were mostly technical, rather than on borrower outcomes.

Loans 148

Loans Mortgages 148

Eye on Housing

JUNE 15, 2023

According to the latest Producer Price Index report, the prices of inputs to residential construction less energy (i.e., building materials) decreased 0.1% in May 2023 (not seasonally adjusted), following a 0.2% drop in April. The index has gained 0.3%, year-to-date, a stark contrast from the 10.2% and 4.9% YTD increases seen in 2021 and 2022, respectively.

Construction 116

Construction Residential 116

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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.

Agents

Inman

JUNE 15, 2023

As young people become more financially literate, we'll see our families, businesses, communities and the nation as a whole become stronger and more resilient, writes investor David Phelps.

Investor 148

Investor Agents 148

RIS Media

JUNE 15, 2023

As we arrive at the mid-year point of 2023, brokerages large and small are carving out time to step back and evaluate just how far they’ve come since the beginning of the year…and how they’re tracking toward meeting their sales volume and transaction goals before the year is through. Now in its 35th year, our… The post Tracking Changes to RISMedia’s Power Broker Report Top 100 appeared first on RISMedia.

Brokerage 111

Brokerage Sales As-is Industrial 111

Inman

JUNE 15, 2023

This week the spotlight shines on luxury real estate and vineyard specialist Michael Baynes of Maxwell-Baynes in Bordeaux, France.

Brokerage 128

Brokerage 128

RIS Media

JUNE 15, 2023

The 30-year fixed-rate mortgage (FRM) averaged 6.69%, down from 6.71% the previous week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This is the second week in a row of declines. This week’s numbers: 30-year fixed-rate mortgage averaged 6.69% as of June 15, 2023, down from last week when… The post Mortgage Rates Continue to Come Down appeared first on RISMedia.

Fixed-rate mortgage 106

Fixed-rate mortgage Mortgages Marketing As-is 106

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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.

Sales

Inman

JUNE 15, 2023

The premium for buying a home is now 17 percent higher than it was a year ago thanks to high interest rates and stubborn home prices, according to John Burns Real Estate Consulting. It might push the rent even higher.

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Brownstoner

JUNE 15, 2023

Got a project to propose for The Insider? Contact Cara at caramia447 [at] gmail [dot] com The uniquely shaped apartment in a 1928 landmark building off Grand Army Plaza created both opportunities and challenges for the Gowanus-based architecture firm Khanna Schultz, which was hired to gut-renovate the space for new owners. Designed by… Read More > The post The Insider: Gut Renovation Elegantly Resolves Challenges of Angular Park Slope Prewar appeared first on Brownstoner.

Renovation 105

Renovation Design 105

RIS Media

JUNE 15, 2023

After two and a half years of robust price growth, home prices in the Mid-Atlantic have been relatively flat for the past three months, according to a new report from Bright MLS. However, homes continue to sell very fast and the lack of new listings suggests that prices in the region may have bottomed out… The post Mid-Atlantic Market Remains Competitive Amidst Low Inventory appeared first on RISMedia.

Marketing 105

Marketing MLS Industrial 105

Brownstoner

JUNE 15, 2023

Generously sized, this two-bedroom rental is on the first floor of an early 20th century standalone set on the leafy streets of Flatbush. It offers a bit of outdoor space with a front porch as well as in-unit laundry and a renovated kitchen. The house at 421 Marlborough is… Read More > The post Spacious Two-Bedroom in a Ditmas Park West Standalone With Laundry Asks $3,250 a Month appeared first on Brownstoner.

Renovation 105

Renovation As-is Marketing 105

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