Eye on Housing
FEBRUARY 24, 2023
Declining mortgage rates and home prices in January, coupled with home builders use of sales incentives, helped boost new home sales last month. The U.S. Department of Housing and Urban Development and the U.S. Census Bureau estimated sales of newly built, single-family homes in January at a 670,000 seasonally adjusted annual pace, which is a 7.2% increase over upwardly revised.
Housing Wire
FEBRUARY 24, 2023
While the homebuilders weren’t surprised by the better-than-estimated new home sales report released Friday, some people were a bit shocked. But the forward-looking purchase application data was getting better from Nov. 9 up until the early part of February as mortgage rates fell from 7.37% to 5.99%. Now, of course, that has all changed quickly. On CNBC Friday morning , I highlighted that whatever data stabilization we had at 5.99%, it’s now gone in the blink of an eye.
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Keeping Current Matters
FEBRUARY 24, 2023
Some Highlights As you get ready to sell your house, there are specific things you can add to your to-do list. These include decluttering, taking down personal photos and items, and power washing outdoor surfaces.
Housing Wire
FEBRUARY 24, 2023
New home sales started off 2023 on a positive note, rising 7.2% from December to a seasonally adjusted annual pace of 670,000 homes, according to data published by the U.S. Census Bureau and the Department of Housing and Urban Development (HUD) on Friday. This marks the second consecutive month of increases and the strongest sales pace since March 2022.
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Real Estate News
FEBRUARY 24, 2023
The residential real estate industry has seen epic growth from the days when home computing was new, and the top brokerage did $2.2 billion in annual sales.
Housing Wire
FEBRUARY 24, 2023
Mortgage delinquencies were down across the board in January, with the overall national delinquency rate declining to 3.38%, a drop of 10 basis points from December, according to Black Knight ’s month-end mortgage performance statistics. National delinquency in January declined 15.1% compared to the same period last year. The number of borrowers 30-days late decreased by 46,000, or 4.8%, from the previous month, while serious delinquencies – which refer to 90-plus days past due – improved again,
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
FEBRUARY 24, 2023
The Federal Housing Finance Agency (FHFA) has delayed implementing a rule that would have required Fannie Mae and Freddie Mac to obtain approval from the regulator before implementing new products or services. The rule, issued on Dec. 20, was previously slated to go into effect on Monday, Feb. 27, but has been postponed to April 28, the FHFA said Friday morning.
Real Estate News
FEBRUARY 24, 2023
CoreLogic to improve lender data with acquisition of Roostify, WARDEX adds listings tech, two renovations companies merge, Chime touts success of AI chatbot.
Housing Wire
FEBRUARY 24, 2023
It is crunch time in the housing industry. Sadly, for some organizations, that means there have been job losses and cutbacks that leave some former employees wondering, “What’s next?” Whether you’ve been affected by industry layoffs or you’re future-proofing your career, applying for new positions and interviewing can be daunting. Certain careers, like underwriting , come with a very niche set of skills that — on the surface — don’t translate to many other positions.
Real Estate News
FEBRUARY 24, 2023
Volunteering Works and the Good Neighbor Awards recognize real estate agents who donate their time and skills to community organizations.
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.
Housing Wire
FEBRUARY 24, 2023
Housing sector leaders acknowledge that some borrowers are still struggling to pay their mortgages after being hit by layoffs and other issues caused by the Covid-19 pandemic. In addition, many borrowers’ financials have since been further impacted by events such as natural disasters, rising inflation or job loss. That’s why industry leaders are working on new solutions to the loss mitigation toolkit, including successors for the Covid-19 partial claim options.
Inman
FEBRUARY 24, 2023
ChatGPT is poised to become a truly disruptive technology — if you know how to use it. As she wraps up this three-part series, Bernice Ross talks with Jeff Lobb about specific content marketing use cases for ChatGPT.
Housing Wire
FEBRUARY 24, 2023
Have you heard this phrase before — “perfect is the enemy of good”? Or “perfect is the enemy of done”? I hear these phrases quite often when it comes to product and software development, but I think they apply very well to solving complex problems like transforming the property appraisal process to work better for every stakeholder. The recent Appraisal Subcommittee (ASC) hearing and the premiere of “Our America: Lowballed” hosted by the Brookings Institution delved deep into the numerous concer
Inman
FEBRUARY 24, 2023
A dip in mortgage rates and a backlog of empty homes helped power sales of newly constructed houses for the second-straight month in January, according to data released Friday by the U.S. Census Bureau.
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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.
Housing Wire
FEBRUARY 24, 2023
10 years ago, HousingWire kicked off the first ever Rising Stars award and since then, the program has been showcasing massive talent in housing year after year. The award recognizes leaders and young talent who are moving markets forward through a variety of roles in the housing economy. And this year, HW Rising Stars is combining forces with the RT Emerging Leaders award to recognize leaders 40 years and under in all categories of house — including real estate.
Inman
FEBRUARY 24, 2023
The bank says it has racked up $353 million in severance expenses as it closes branches and pursues a "more focused home lending business.
Housing Wire
FEBRUARY 24, 2023
The Federal Housing Finance Agency (FHFA) on Thursday released a proposed rule that would further tweak the enterprise regulatory capital framework that governs Fannie Mae and Freddie Mac. There are some significant changes in the latest proposal, notably a provision that would reduce the capital requirement for commingled UMBS securities from 20% to 5%.
Inman
FEBRUARY 24, 2023
No matter what the market's doing, the way you show up is the biggest factor in determining your outcomes. Jimmy Burgess talks with Gino Blefari, CEO, HomeServices of America and Chairman, Berkshire Hathaway HomeServices, about where we've been, where we are and where we're going next as individuals and as an industry.
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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.
Sotheby's International Real Estate
FEBRUARY 24, 2023
Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. London, England | United Kingdom Sotheby’s International Realty Aria House offers arguably one of London’s finest views. Hot property: five riverside homes for sale in London – Financial Times Once Asking $120 Million, Los Angeles Estate Sells for $52 Million – The Wall Street Journal These 7 Epic Home Spas Let You Relax in Your Own Private Sanctuary – Robb Report This Utah Fam
Inman
FEBRUARY 24, 2023
Murdoch, the News Corp founder and business magnate, has signed a contract to buy the entire 27th floor of the Hampshire House in Manhattan. It's only his latest purchase in recent years.
Realtors Property Resource
FEBRUARY 24, 2023
REALTORS® often ask: “What can RPR do for me”? Here’s a list of fifty ways RPR can help you elevate your skills and your business. The post 50 Ways REALTORS® are Using RPR in Their Real Estate Business appeared first on Realtors Property Resource (RPR).
Inman
FEBRUARY 24, 2023
The branding campaign intends to provide RE/MAX's wide network with a fresh, new look. It will gradually roll out through 2023, according to the company.
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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.
The American Genius for Real Estate
FEBRUARY 24, 2023
Monetized verification is being rapidly adopted, to no one's real surprise, but at what cost to consumer safety?
Inman
FEBRUARY 24, 2023
The real estate brokerage CEO and his wife, Core Chief Operating Officer Brittley Wise, have bought a former working farm that dates back to 1893 for $3.
HomeLight
FEBRUARY 24, 2023
DISCLAIMER: This article is meant for educational purposes only and is not intended to be financial or legal advice. If you are considering flipping houses in Ohio, HomeLight always encourages you to reach out to an advisor regarding your own situation. Flipping houses can be a profitable venture — whether you’re interested in a fun side gig or a full-time job.
Inman
FEBRUARY 24, 2023
Catch up on the most-read stories of the week, as determined by Inman readers. Here's Inman Top 5 for Feb. 17-23, 2023.
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HomeLight
FEBRUARY 24, 2023
DISCLAIMER: This article is meant for educational purposes only and is not intended to be financial or legal advice. If you are considering flipping houses in Florida, HomeLight always encourages you to reach out to an advisor regarding your own situation The prospect of flipping houses in the Sunshine State looks, well, sunny. With steady population growth in Florida and a housing market that has calmed to a more reasonable level, opportunities are plenty.
Inman
FEBRUARY 24, 2023
Unchecked and unregulated AI has the potential to blur the lines of authorship and ownership, at the very least. Perhaps the less obvious reason to proceed with caution is ownership of your voice and not abdicating your unique expertise and value to a bot.
HomeLight
FEBRUARY 24, 2023
DISCLAIMER: This article is meant for educational purposes only and is not intended to be financial or legal advice. If you are considering flipping houses in Texas, HomeLight always encourages you to reach out to an advisor regarding your own situation. If you’re looking into flipping houses , Texas is a great place to start. The state topped the country’s list for top job growth rate and it’s seeing a growing influx of people moving to the area.
Inman
FEBRUARY 24, 2023
Trying to figure out how to use AI without creating generic-sounding content? Social media expert Michelle Berman-Mikel shares three ways that you can use ChatGPT for Instagram without automating yourself out of personal connections.
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