Thu.Sep 08, 2022

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Purchase mortgage rates rise closer to 6% mark

Housing Wire

Mortgage rates rose 23 basis points this week, even closer to the 6% mark, as the market reacts to the Fed’s ongoing aggressive policies to combat persistent inflation. According to the latest survey from Freddie Mac, the 30-year fixed-rate mortgage rose to an average of 5.89%, up from last week’s 5.66%. A year ago this time, rates averaged 2.88%.

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Should I Sell My House This Year?

Keeping Current Matters

There’s no denying the housing market is undergoing a shift this season as buyer demand slows and the number of homes for sale grows.

Sales 62
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The risk of zero-down loans while the Fed talks recession

Housing Wire

Bank of America recently announced a loan for lower-income households that doesn’t require homebuyers to come up with a downpayment or closing costs, and doesn’t base the loan on a minimum FICO score. People’s first reaction was to wonder if this was 2008 all over again. Are we really doing those types of loans and promoting homeownership again without understanding the risks?

Loans 544
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111 Shocking Real Estate Statistics You Need To Know

The Close

Current home sales in 2022 are the second highest tally since 2007, trailing only 2021. Real estate statistics like this one are a critical part of understanding the ever-changing real estate market and the industry at large. We’ve researched multiple sources to bring you 111 of the most compelling real estate stats from across the industry—covering everything from market performance, agent demographics, marketing, teams, brokerages, and more.

Equity 139
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The 2025 Real Estate Roadmap to Success

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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Freedom Mortgage conducts layoffs, sends jobs overseas: sources

Housing Wire

Top 10 lender and servicer Freedom Mortgage has trimmed its workforce across multiple rounds of layoffs this year and continues to “offshore” some jobs, former employees tell HousingWire. In response to falling origination volume, the New Jersey-based mortgage company has conducted at least four rounds of layoffs this year – in March, May and August, multiple sources told HousingWire.

Mortgages 514
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5 Simple Ideas for Fall Home Makeovers

Coldwell Banker

Deck out your home for fall with these five easy, creative ways to infuse fall colors and textures into your décor. The post 5 Simple Ideas for Fall Home Makeovers appeared first on Coldwell Banker Blue Matter.

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Halloween Home Safety Tips

Coldwell Banker

Tips on how to make sure kids are safe and sound when trick-or-treating at your home this Halloween. The post Halloween Home Safety Tips appeared first on Coldwell Banker Blue Matter.

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Opinion: How marketing automation saved an LO’s business

Housing Wire

People who invest in technology often ask the question: is this a “nice to have,” or a “need to have?” Few have the resources to invest in technologies they don’t need. Often, this analysis comes down to the worst case scenario. “What’s the worst that can happen if we don’t invest in this technology?”. When mortgage lenders are talking about compliance in loan origination or mortgage servicing, the worst case can be pretty bad, so we often see companies investing heavily in the best tools.

Marketing 459
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Ring in the New Year in a New Home

Coldwell Banker

Listing your home for sale during the holiday season. The post Ring in the New Year in a New Home appeared first on Coldwell Banker Blue Matter.

Sales 128
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Experience everything Scottsdale has to offer at HousingWire Annual Oct. 3-5

Housing Wire

We are so excited to connect with you all in just a few short weeks. HousingWire Annual will be hosted in Scottsdale, A.Z, Oct. 3-5 at the Fairmont Princess Resort. . The beautiful resort features several picturesque pools, delicious restaurants and bars, easy access to outdoor activities like golf and relaxing amenities. Plus, it will be packed with industry professionals, your colleagues, for one of the biggest events in housing.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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How to Integrate Your Real Estate PR Into Your Social Media Strategy

Realty Biz

A massive 99% of millennials and 90% of baby boomers start their search for property online. Nearly half of the real estate businesses say that results from social media give the highest quality leads compared to other sources. With statistics like that, it would be silly to ignore real estate PR. There are many perks to getting your business onto social media.

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Xactus and Truv partner on enhanced income, verification process

Housing Wire

Verification provider Xactus and income and employment data solution firm Truv teamed up to court more mortgage lenders that will speed up the mortgage approval process. Xacuts’ current verification capabilities will be augmented with Truv’s income and employment data, Truv, formerly known as Citadel API , said. The firm expects the partnership to allow mortgage lenders verify income and employment for more than 146 million U.S. employees, covering 85% of the country’s workforce.

Lending 397
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Modular and Other Non-Site Built Housing In 2021

Eye on Housing

The total market share of non-site built single-family homes (modular and panelized) was at 2% of single-family completions in 2021, according to Census Bureau Survey of Construction data and NAHB analysis. This share has been steadily declining since early-2000s despite the high-level of interest for non-site built construction. In 2021, there were 24,000 total single-family units built using modular (10,000).

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Latest Duty to Serve plans are an improvement, affordable housing coalition says

Housing Wire

A coalition of 21 affordable housing groups on Wednesday said Fannie Mae and Freddie Mac made important improvements to their plans to offer housing financing in underserved markets, but still have a ways to go. The Underserved Mortgage Markets Coalition , which includes the Center for Community Progress , the National Housing Conference , the National Council of State Housing Agencies , the National Community Stabilization Trust and the Lincoln Institute of Land Policy , on Wednesday released i

Loans 397
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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

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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How to Get (& Keep) Qualified Real Estate Clients in 2022

The Close

As Managing Editor of The Close, I’ve interviewed hundreds of real estate agents. From wide-eyed newbies who just got their license to brokers with yearly gross commission income (GCI) in the billions —I’ve talked to pretty much every kind of agent that exists. After so many interviews, I’ve found that the one thing successful agents understand is that getting clients in real estate is a never-ending process.

Branding 111
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UWM follows Rocket, hikes conforming loan limits

Housing Wire

Fiercer competition in the wholesale channel spurred United Wholesale Mortgage (UWM) to increase the ceiling on conforming loans on Wednesday, ahead of the Federal Housing Finance Agency’s (FHFA) decision in November. UWM’s move follows an announcement on Tuesday from competitor Rocket Pro TPO , which was first out of the gate this year in raising loan limits on agency-eligible properties to $715,000.

Loans 397
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5 of the Best 55 Plus Communities in Florida

HomeLight

Disclaimer: Links and mentions of retirement communities in this post do not constitute an endorsement. Price ranges, services, and amenities can change — please visit a community’s website for the most up-to-date information. HomeLight always recommends doing your own research to determine which community destination is best for your situation. Deciding where to retire can be one of the most significant financial decisions you make.

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Data hack prompts lawsuit against KeyBank, vendor 

Housing Wire

Cleveland-based KeyBank , a mortgage lender and servicer with $187 billion in assets, is facing a lawsuit filed in federal court in Ohio stemming from a recent data breach that compromised its customers personal information, including social security numbers. The litigation, which seeks class-action status, alleges that a KeyBank vendor, Kennesaw, Georgia-based Overby-Seawell Co.

Mortgages 397
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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

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.

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Top Ten: Discussion Points For The Fall Market! (Pt2)

Toronto Realty Blog

TorontoRealtyBlog. Wow, y’all went all out on last Friday’s blog! Thank you for all the comments, suggestions, and excellent insights posted in the comments section that I read with glee over the weekend as I typed out my list of the “Top Ten” discussion points for the fall market. It seems like many of us are on the same page, not only in terms of what the bigger stories will be this fall, but also with respect to our thoughts and opinions on those topics.

Marketing 111
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15 Reasons Your Leads Aren’t Calling You Back (+ Scripts & Solutions)

The Close

Is there anything worse than working a new lead, only to have them straight up ignore your calls and emails? After all, you’re getting leads, so your lead gen strategy seems to work just fine. They just don’t seem to want to talk to you. What are you doing wrong? Well, you’re probably doing a lot wrong—or maybe you’re doing nothing wrong. After all, getting a lead on the phone is hard work.

Agents 105
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Why Property Investors Should Invest in Real Estate Technology

Realty Biz

Proptech, Realtech, Real Estate Tech. Heard any of these buzzwords lately? Simply put, they’re labels placed on real estate technology. You might be an all-in, show-me-all-the-new-tech person. Or perhaps you’re hesitant to invest time and money into new tech when you’ve found success with traditional methods. It’s unrealistic to think you’ll need every single gadget, widget, and app.

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Canadian team returns to RE/MAX from eXp Realty

Real Trends

The Woolcott Real Estate Team, owned by Drew Woolcott, has left eXp Realty Canada after just over a year to return to RE/MAX Escarpment Realty Inc. The team serves the Hamilton, Waterdown, Burlington, and surrounding areas of Ontario. Joining Woolcott at RE/MAX Escarpment will be his 31 sales representatives, plus his administration staff. According to a statement about his return to RE/MAX, Woolcott noted that he was looking for a company that could provide him and his team with the experience,

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The Broker Action Plan for the Post-NAR Lawsuit Landscape

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.

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How To Get Started As A New Real Estate Agent

Easy Agent Pro

Real estate can be a tricky field to break into for a new real estate agent. Many agents do not equip themselves or plan adequately and end up failing. 87% of new agents won’t make it through their first year. However, despite the figures, there are many ways to succeed as a new real estate agent. Creating a career for yourself as a real estate agent can be exciting and fun.

Agents 98
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How to Get a Real Estate License in New Jersey

The Close

Are you wondering how to get a real estate license in New Jersey? The process is relatively simple and begins with a 75-hour prelicensing course. You must be at least 18 years old and have a high school diploma to be eligible to get your license. Check out our step-by-step guide to get started and before you know it, you’ll be on your way to a fulfilling new career.

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NSDCC One-Story Homes For Sale

BubbleInfo

For those who prefer a single-level home and would like to peruse a curated group, check out this on-going collection of my favorite one-story homes for sale between La Jolla and Carlsbad here: [link].

Sales 96
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What Are Benefits of Using Pinterest for Real Estate Agents

Realty Biz

Pinterest – it’s a well-social network where users can “pin” content they come across while using the internet and create a curated space of links to that content. Whether it’s video, images, or whole pages, Pinterest is used by millions of hobbyists around the world for cooking, crafts, fashion, and more. But did you know that you can use Pinterest to help promote your own professional brand in the real estate market?

Agents 93
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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

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.

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Beat the Grind: Make Millions in Real Estate by Gamifying Your Day-To-Day

Bigger Pockets

Nobody likes cold calling. Even just the thought of cold calling is enough to make seasoned real estate investors start to sweat. The waiting, debating, and constant rejection can get […].

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Why You Should Hire a Plumber After Moving to an Old House

RISMedia

By Emma Sturgis Moving to an old house can cause some serious headaches and disruptions. Your furniture might shift, your dishwasher might stop working correctly, and you might find yourself living with a leaking water line. With all the repairs you need to take care of while still trying to make a normal life in […]. The post Why You Should Hire a Plumber After Moving to an Old House appeared first on RISMedia's Housecall.

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Life of Luxury | Memoir-Worthy Moments in Manhattan

Sotheby's International Real Estate

Jeremy V. Stein and The Stein Team – Sotheby’s International Realty – Downtown Manhattan Brokerage. The upscale enclave of Nolita is a vibrant conflux of artistic and culinary influences, beloved by its lucky residents—and envied by everyone else. One of its most recognizable landmarks is the Puck Building, where the contrast of earthy red brick and neptunian blue accents has been captivating passersby since the 1880s; as have the statues of Puck, the mischievous sprite from A

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Introducing Tom Ferry’s WhatToSay.ai, the Real Estate Technology of the Future

Tom Ferry

If you were with me at Summit, you might remember a very special segment where I announced my new artificial intelligence technology aimed at improving your sales and long-term relationships – Tom Ferry’s WhatToSay.ai. This one-of-a-kind AI gets to know all the people in your database through the language they use and then helps you […]. The post Introducing Tom Ferry’s WhatToSay.ai, the Real Estate Technology of the Future appeared first on Tom Ferry.

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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

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.