Housing Wire

JULY 20, 2023

Rocket Companies , the parent of Rocket Mortgage , offered another round of buyouts to its employees on Wednesday, a spokesperson confirmed to HousingWire. The buyout follows two rounds in 2022, in April and August, which resulted in a workforce reduction of about 30% last year. “Yesterday, we offered a voluntary career transition opportunity to several teams within the organization to better align resources with the needs of both our business and today’s mortgage market,” Mike

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Loan Officer Title Mortgages Banks 370

Real Estate News

JULY 20, 2023

The nation’s second-largest MLS says this move highlights the “complete flexibility” of Bright subscribers to have “transparent negotiations with clients.

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MLS 246

Housing Wire

JULY 20, 2023

In the competitive world of real estate, effectively and consistently securing listings is the key to success. Whether new to the industry or a seasoned vet, it’s important to keep an open mind and innovate your strategies. By embracing different opportunities, agents can expand their chances of securing more listings and growing their business.

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Marketing Brokerage Technology Agents 370

Real Estate News

JULY 20, 2023

The 30-year fixed-rate mortgage averaged 6.78% this week, down from nearly 7% a week before, suggesting that cooling inflation is having an effect.

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Fixed-rate mortgage Mortgages 246

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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.

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Housing Wire

JULY 20, 2023

Months of high mortgage rates and low existing inventory led to another annual increase in new home purchases in June. Mortgage applications for new home purchases jumped 26.1% in June from the same period last year, according to the Mortgage Bankers Association builder application survey. Compared with the prior month, applications dropped by 5%. MBA estimates that about 687,000 new single-family homes were sold in June at a seasonally adjusted annual rate.

Mortgages 370

Mortgages VA loan FHA loan Construction 370

Real Estate News

JULY 20, 2023

The latest ATTOM home sale report found that second-quarter profit margins rose for the first time in a year.

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Marketing Sales 246

Real Estate News

JULY 20, 2023

NAR reported that existing home sales fell in June and dropped nearly 19% year-over-year. But median sale prices reached a near-record high.

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Sales 246

Housing Wire

JULY 20, 2023

The savagely unhealthy housing market continues as existing home sales are near record lows, and the days on the market are still at a teenager level, with home prices rising in 2023. Ladies and gentlemen, this was the fear and now the reality of the savagely unhealthy housing market. We still have too many people chasing too few homes, and while the growth rate of pricing has cooled tremendously, it’s still rising.

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Marketing Sales Days on market Mortgages 370

Keeping Current Matters

JULY 20, 2023

You may have heard some people say it’s better to rent than buy a home right now.

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Housing Wire

JULY 20, 2023

Rumors this week that regulators would increase residential mortgage capital requirements for larger depositary banks, far exceeding international standards under the Basel III rules, have raised alarms for industry executives, analysts and trade groups. The consensus is that the change would primarily affect the shrinking jumbo market (loans greater than $726,200) and hurt regional banks , sources said.

Mortgages 369

Mortgages Banks Marketing Residential 369

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

JULY 20, 2023

Starting Aug. 9, the nation's second-largest MLS will allow listing brokers to offer buyer brokers nothing in compensation, according to an announcement from Bright.

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MLS 148

Housing Wire

JULY 20, 2023

Mortgage rates dropped to 6.78% this week, the biggest weekly decline since mid-March, as investors digested a raft of mixed incoming economic data. 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 6.78% as of July 20, down from last week ’s 6.96%.

Mortgages 363

Mortgages Fixed-rate mortgage New Construction Construction 363

Inman

JULY 20, 2023

The Swann Group's agents are the latest of hundreds who have moved from Compass to Coldwell Banker over the past year, the latter brokerage told Inman this week.

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Brokerage Agents 148

Housing Wire

JULY 20, 2023

The Community Home Lenders of America (CHLA) has compiled a new document it is calling the “consumer mortgage bill of rights,” based on a series of different actions and proposals it has made to companies and federal agencies including the Consumer Financial Protection Bureau (CFPB), the Federal Housing Administration (FHA), the Federal Housing Finance Agency (FHFA) and Intercontinental Exchange (ICE) since 2021.

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Mortgages Banks Loans Finance 361

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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.

Brokerage

Inman

JULY 20, 2023

Find out how this top producer turned digital marketing expert created a platform to help agents thrive online in Brandon Doyle's latest Snapshot profile.

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Agents Marketing 148

Housing Wire

JULY 20, 2023

With elevated mortgage rates sidelining both home buyers and sellers, existing home sales fell in June, according to the latest report from the National Association of Realtors (NAR). Sales were also down significantly from a year prior. Total existing home sales slipped 3.3% in June from the prior month to a seasonally adjusted annual rate of 4.16 million.

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Sales MLS Construction Short sale 358

Inman

JULY 20, 2023

Find out how this Texas broker-owner and serial entrepreneur digs deep into the operational details while keeping an eye on the big picture.

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Brokerage 148

Housing Wire

JULY 20, 2023

Real estate teams of all sizes continue to perform, according the Streamlined Quarterly Team Benchmarking Report, which looked at the financial performance of more than 200 teams across the nation. Steamlined, based in Arizona, has a roster of hundreds of U.S. real estate teams and individual agents as clients for their accounting and bookkeeping services.

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Brokerage Agents As-is Technology 341

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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

JULY 20, 2023

The 2023 Inman Innovator Awards finalists range from true upstarts to established players, with each offering a new vision for real estate. Winners will be announced live in Las Vegas, Aug. 8-10.

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Brokerage Agents 148

Housing Wire

JULY 20, 2023

The mortgage industry continues to rightsize , and On Q Financial is taking it as an opportunity to expand through loan officer recruitment and tapping into its network of homebuilders. On Q Financial hired 100 loan officers over the past two months, bringing the total number to about 250, CEO Patrick Lamb said in an interview with HousingWire. “It’s largely been people who have been together [in the same branches] for a long period of time and have been looking for another opportunity.

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Loan Officer Loans Lending Brokerage 282

Inman

JULY 20, 2023

Existing-home sales fell to a seasonally adjusted rate of 4.16 million as the median sales price climbed to $410,000, or just 0.9 percent below the highest median recorded by the National Association of Realtors.

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Sales Brokerage Agents Marketing 148

Housing Wire

JULY 20, 2023

There have been numerous studies done on client retention over the years, and while the exact figures vary, most suggest that it can be anywhere from five to 25 times more expensive to acquire a new client than to keep an existing one. As real estate professionals, we know this. But we also know how easy it is to get caught up in chasing the next deal and unwittingly neglect our existing sphere of influence.

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Agents Closing Equity Branding 279

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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

JULY 20, 2023

The best thing you can do for the acceleration of your real estate team, Erin McCormick Torres writes, is to attract, hire and drive immediate production for like-minded recruits.

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Brokerage Agents 148

Brownstoner

JULY 20, 2023

On a leafy street in Ditmas Park West this capacious early 20th century standalone would allow a renter to spread out over three floors of living space and offers up some outdoor space. At 489 Rugby Road, the single-family has wood floors, stained glass, moldings, and a mantel along… Read More > The post Seven-Bedroom Ditmas Park West Standalone With Laundry, Outdoor Space Asks $6,950 a Month appeared first on Brownstoner.

Marketing 98

Marketing 98

Inman

JULY 20, 2023

Maggie Wu is the latest of many agents to "boomerang" back to Compass after briefly leaving for another company. She leads the 4-person W Team which closed $102 million in sales last year.

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Agents Closing Sales Brokerage 148

RIS Media

JULY 20, 2023

The 30-year fixed-rate mortgage (FRM) dropped from last week’s average of 6.96% to an average of 6.78% this 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 6.78% as of July 6, 2023, up from last week when it averaged 6.96%. A… The post Mortgage Rates Dip Back Down appeared first on RISMedia.

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Fixed-rate mortgage Mortgages Marketing Industrial 98

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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

JULY 20, 2023

The San Francisco-based startup lets homeowners tap their equity to obtain bridge loans and submit a "cash-equivalent offer" on their next home.

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Loans Equity Industrial Mortgages 148

RIS Media

JULY 20, 2023

In keeping with the challenges of low inventory and high home prices, existing-home sales fell 3.3% to a seasonally adjusted annual rate of 4.16 million in June, according to the National Association of REALTORS®’ (NAR) most recent existing-home sales report. NAR’s latest data on existing homes found that year-over-year, sales fell 18.9% (down from 5.13… The post Existing-Home Sales Fall 3.3% in June appeared first on RISMedia.

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Sales MLS Industrial Agents 98

Inman

JULY 20, 2023

In a competitive market, it takes more to make an impact, team leader Jeremy "Jae" Pierce writes. Find out how to create a reputation that resonates with buyers and sellers.

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Marketing Agents 148

Bigger Pockets

JULY 20, 2023

For some of us, the most fun part of the real estate journey is actually furnishing and decorating your STR properties (Okay, the revenue part is pretty great, too).

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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.

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