Real Estate News

MARCH 10, 2023

For most of its 50 years, Corcoran was a regional player. But in 2020, its affiliate network took off, and “it’s just the beginning of the story.

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Branding 279

Housing Wire

MARCH 10, 2023

According to Webster’s new revised dictionary, the first definition of service is, “The occupation of a servant.” Have you ever considered that what we do each day in reaction to a customer’s requests will not be what drives them to come back? I have asked title executives, closers and sales professionals from title companies across America what their product is.

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Title Industrial Sales As-is 433

Real Estate News

MARCH 10, 2023

The luxury brand reported steep quarterly and full-year losses, but said annual transaction volume outperformed the industry.

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Branding Industrial 278

Housing Wire

MARCH 10, 2023

Fannie Mae has approved six firms to handle its new valuation initiative, which cuts traditional appraisers out of the process and potentially represents the biggest shift in the valuation space in years. Fannie Mae last Wednesday updated its Selling Guide to include more options for property valuations, saying that the GSE is “moving away from implying that an appraisal is a default requirement.

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Real Estate News

MARCH 10, 2023

Listing Media Services in 6 new markets, MoxiWorks partners with Milestones, Revive partners with NextHome, CubiCasa adds MLS partners, Mosaik launches.

Marketing 264

Marketing MLS 264

Housing Wire

MARCH 10, 2023

What a week this has been for the housing market , from the fireworks of Fed Chair Jay Powell’s Congressional testimony to an attempt to break over a critical line on the 10-year yield. Then Friday we got solid jobs and labor force growth data and the surprising failure of Silicon Valley Bank. Let’s look at each of these, one at a time. Fed Chair talk First, Federal Reserve Chairman Jerome Powell did not have his best week as he looked unsure of himself, like most Fed members have recently

Mortgages 397

Mortgages Banks Marketing As-is 397

Housing Wire

MARCH 10, 2023

The popularity of accessory dwelling units (ADUs) is on the rise across the West Coast. In the Seattle area, there was a 250% ADU construction increase in 2022 compared to 2019. And in California, demand for ADUs is quickly outpacing supply, according to local media outlets and reports from local governments and building organizations. In Seattle, a report designed for City Council outlines that during 2022, permitted ADU construction increased to 988 total units — a sharp rise from the 280 ADU

Construction 370

Construction Design As-is Industrial 370

Inman

MARCH 10, 2023

In the most dramatic banking implosion since the Great Recession, regulators on Friday shut down the bank, which boasted ties to proptechs, including Airbnb, Opendoor and OJO.

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Banks Lending Technology Industrial 148

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. Along with the solid base of home equity that now exists — a byproduct of the rapid home-price appreciation in recent years — there also has been an increase in demand by borrowers to tap that equity.

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Equity Marketing Debt-to-income ratio Lending 370

Inman

MARCH 10, 2023

Coldwell Banker Seacoast Advantage allegedly pocketed commission fees it told its agents were going to the franchisor. The brokerage says the allegations are "a complete fabrication.

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Agents Brokerage 148

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Housing Wire

MARCH 10, 2023

California-based Impac Mortgage Holdings is repositioning itself as a mortgage brokerage and voluntarily giving up its seller-servicer designation with Fannie Mae and Freddie Mac. “Non-transitory inflation and Federal Reserve tightening , coupled with widening credit spreads, has reduced the addressable market for our product offerings,” George Mangiaracina, chairman and CEO, said in a statement.

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Mortgages Lending Commercial Brokerage 370

Inman

MARCH 10, 2023

Luxury home sales fell 44.6 percent year over year, according to data released Friday by Redfin. Prices are nevertheless still high because inventory is so low, economists say.

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Sales Industrial 148

Housing Wire

MARCH 10, 2023

California-based lender Guild Mortgage posted a higher profit in 2022 thanks to its increased purchase mortgage market share — and now has its eyes set on acquiring other lenders. Guild, the purchase-focused lender with a distributed retail model, posted a net income of $328 million in 2022 despite posting a loss of $15 million in the fourth quarter of the year.

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Loan Officer Loans Mortgages Industrial 370

Inman

MARCH 10, 2023

The typical monthly payment rose to $2,563 this week despite home prices that were down 1 percent, according to data on Friday. That’s the highest monthly payment on record, up 29 percent from last year.

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Mortgages Industrial 148

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Housing Wire

MARCH 10, 2023

This week, the Community Home Lenders of America (CHLA) released a special report entitled “The Ubiquity of IMB Regulation.” This report is important to independent mortgage banks (like Atlantic Bay Mortgage ) that are increasingly dominating mortgage markets and leading the market in serving minority and underserved borrowers. Unfortunately, the growth of IMBs over the last decade has opened IMBs up to increasingly strident attacks.

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Pre-qualification Banks Loans Mortgages 370

Inman

MARCH 10, 2023

People will remember your profile sometimes more often than they will remember your name if you do it right. Marketing expert Michelle Berman shows us how color can impact your brand and your audience engagement.

Branding 148

Branding Marketing Agents 148

Housing Wire

MARCH 10, 2023

Despite the housing market cool down , homeowners with mortgages , which accounts for roughly 63% of all properties, gained $1 trillion in equity between the fourth quarter of 2021 and the fourth quarter of 2022, according to a report released Thursday by CoreLogic. On average, U.S. homeowners with mortgages gained $14,300 in equity , a jump of 7.3%, from Q4 2021 to Q4 2022.

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Equity Mortgages Marketing As-is 369

Inman

MARCH 10, 2023

Symba is fintech-light layered over a deal tracker, spliced with back-office accounting. It’s a superb tool for anyone new or growing in the business and a solid accessory solution for those already comfortable managing their numbers.

Finance 148

Finance Agents Technology 148

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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.

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Housing Wire

MARCH 10, 2023

The Consumer Financial Protection Bureau (CFPB) on Friday issued an official request for comment as it conducts a review of Regulation Z’s mortgage loan originator rules. The CFPB is seeking to understand the economic impact the rules have on smaller businesses in the mortgage space. Regulation Z is a broad-based rule that implements the Truth in Lending Act (TILA), imposing requirements on several facets of business in the mortgage space, including loan originator compensation; loan originator

Mortgages 369

Mortgages Loans Lending Finance 369

Inman

MARCH 10, 2023

The company logged revenue of $207.3 million in the fourth quarter of 2022 compared to $334.2 million a year earlier, according to an call Friday morning to discuss Q4 and 2022 earnings.

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Closing Industrial 148

Housing Wire

MARCH 10, 2023

Job growth continued in February, but at a slower pace, suggesting that the Federal Reserve interest rate hikes are having at least a mild impact on the labor market. However, the continued job market resilience could equate to even tighter monetary policy , spelling hard times ahead for the housing market. Total nonfarm payroll employment rose last month by 311,000 jobs compared to January , according to data released Friday by the Bureau of Labor Statistics.

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Residential Construction MLS Mortgages 365

Inman

MARCH 10, 2023

The real estate industry got two kernels of good news in the latest jobs numbers from the U.S. Bureau of Labor Statistics.

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Mortgages Industrial Residential Construction 148

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Eye on Housing

MARCH 10, 2023

The most recent release of the Z.1 Financial Accounts of the United States shows a decrease in the value of households’ real estate assets over the fourth quarter of 2022. As home prices begin to decrease from pandemic highs, households’ real estate asset value fell for the first time since the first quarter of 2012. The level of households’ real.

Equity 116

Equity Residential Mortgages Marketing 116

Inman

MARCH 10, 2023

Catch up on the most-read stories of the week, as determined by Inman readers. Here's Inman Top 5 for March 3-9, 2023.

Industrial 148

Industrial 148

Sotheby's International Real Estate

MARCH 10, 2023

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Washington, District of Columbia| TTR Sotheby’s International Realty The Georgetown property where the former first lady stayed following President John F. Kennedy’s assassination was combined with two other houses. Washington, D.C., Compound Where Jackie Kennedy Lived Asks $26.5 Million – The Wall Street Journal These Will Be the Most Popular Luxury Home Features in 2023 – House Be

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Sales As-is 110

Inman

MARCH 10, 2023

Formerly an independent brokerage, The Nassimi Group has relinquished its indie status to become a 10-person team under Douglas Elliman. In 2022, Richard Nassimi closed roughly $80 million in sales volume.

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Brokerage Closing Sales Agents 148

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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.

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HomeLight

MARCH 10, 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 NY, HomeLight always encourages you to reach out to an advisor regarding your own situation. Investors and individuals are drawn to house flipping in the state of New York because it can be creatively satisfying as well as a very lucrative venture, with flippers earning an average profit of $56,400 in the Empire State.

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House Flipping Renovation Investor Finance 105

Inman

MARCH 10, 2023

Color can make a difference in everything from how you feel to how you’re perceived. Find out how to use it more effectively in your branding and marketing.

Branding 147

Branding Brokerage Marketing Agents 147

Toronto Realty Blog

MARCH 10, 2023

TorontoRealtyBlog If there’s ever been a constant about our real estate market, it’s this: people always want to know whether it’s going up or whether it’s going down. Actually, scratch that. If there’s ever been a constant about our real estate market, it’s this: Toronto is too expensive. Actually, scratch that.

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Title Banks Sales Construction 105

Inman

MARCH 10, 2023

The Federal Trade Commission alleges the deal would put an end to intense competition between the companies and drive up costs for lenders and homebuyers.

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Technology Industrial Mortgages 147

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