Housing Wire

AUGUST 6, 2020

Ellie Mae announced Thursday it entered a definitive agreement to be acquired by Intercontinental Exchange for approximately $11 billion. The move comes 15 months after Thoma Bravo , a private equity investment firm, announced it would acquire Ellie Mae in an all-cash transaction of $3.7 billion. “We are excited to be joining the Intercontinental Exchange family and having the opportunity to work closely with Simplifile and MERS in helping our industry to realize the true digital mortgage,

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Realtor.com

AUGUST 6, 2020

Westend61/Getty Images The already scalding-hot housing market is likely to heat up even more. Mortgage interest rates continued their downward descent, hitting yet another record—largely thanks to the pandemic, and the resulting economic downturn, dragging on. Rates fell to just 2.88% for 30-year, fixed-rate loans in the week ending Aug. 6, according to Freddie Mac.

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Housing Wire

AUGUST 6, 2020

Average U.S. mortgage rates for a 30-year fixed mortgage fell to an all-time low of 2.88% this week, the eighth time in 2020 the weekly rate has set a record in a Freddie Mac series that goes back almost five decades. It fell from 2.99% last week , Freddie Mac said in a report on Thursday. The average 15-year rate fell to 2.44%, the lowest in almost 30 years of data, according to the mortgage financier.

Mortgages 512

Mortgages Loans Finance Marketing 512

Eye on Housing

AUGUST 6, 2020

Despite low interest rates, a supply shortage coupled with rising home prices contributed to a decline in housing affordability in the second quarter of 2020, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI). In all, 59.6 percent of new and existing homes sold between the beginning of April and end of June were affordable.

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Agents

Housing Wire

AUGUST 6, 2020

After announcing in its second-quarter earnings that it plans to expand, eXp World Holdings is officially launching in five new countries. By the end of 2020, the company said it plans to expand its real estate operations in France, India, Mexico, Portugal and South Africa. Already, eXp has agents in the U.S., Canada, the United Kingdom and Australia.

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Technology Agents As-is Marketing 491

Realtor.com

AUGUST 6, 2020

PeopleImages/Getty Images Never before in the history of the home office has this space been so much in the spotlight. It’s no longer just a random area where you file your bills, dump off your mail, and display all the books you swear you’ll read one day. The home office has become, for many in this era of pandemic shutdowns, the main office.

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Realty Biz

AUGUST 6, 2020

If you’re a homeowner who is considering moving to a new area or has simply outgrown your current house, you have a large decision to make: should you sell your house or rent it out? Each option has various benefits as well as drawbacks. To make the decision that is right for you, carefully consider the positive and negative aspects of both selling and renting.

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Housing Wire

AUGUST 6, 2020

Initial jobless claims fell to 1.2 million last week, down from 1.4 million in the prior period , declining to a pandemic low that was almost twice as high as the worst measure during the financial crisis a decade ago. Continuing claims, a tally of the number of Americans receiving unemployment benefits , dropped to 16.1 million in the week ended July 25, the lowest since mid-April, the Labor Department said in a Thursday report.

Industrial 450

Industrial As-is Mortgages Marketing 450

Waterfront Properties

AUGUST 6, 2020

A recent study by the University of Exeter in the UK found that people who live less than a mile from the coast are 22 percent less likely to have symptoms of a mental health disorder compared to those who lived much farther away. Is it the calm swaying of the palms or the foo-foo drinks with the umbrellas, or perhaps the clear blue color of the water that helps improve your mood?

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Housing Wire

AUGUST 6, 2020

We sat down with Nancy Alley, vice president of strategic planning at Simplifile and one of HousingWire’s 2020 Women of Influence, to talk about the rapid changes in the closing process as a result of the pandemic. Will this end up being a watershed moment for the industry? HousingWire: You’ve been focused on helping the mortgage industry get to an end-to-end digital process for many years.

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Advertiser: Trellis

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

Loans

RIS Media

AUGUST 6, 2020

Racism and inequality are often challenging topics to have an open discussion about. Recently, a panel of well-respected real estate agents came together on the Secrets of Top Selling Agents webinar series to share their stories and provide solid tips on how to combat racism in real estate by moving forward in hopes of a brighter future. The panel included national speaker and author Marki Lemons-Ryhal; founder and CEO of Doorbell Real Estate Brian Copeland; and real estate mavericks Dave Jones

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Agents 106

Housing Wire

AUGUST 6, 2020

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. Stay tuned for updates. Migrating to the cloud is an increasingly common practice for financial institutions. But with that migration comes increased risk. If not done properly, the process could leave sensitive information vulnerable and potentially lead to breaches.

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Banks Branding Design Technology 432

RIS Media

AUGUST 6, 2020

Real estate activity has picked up across the country. The predicted pent-up demand is being unleashed and creating what appears to be a spring-summer super season. Summer is passing, but the typical “summer season” activity is still heating up, and for those not experiencing it yet, it’s on the way. As Lawrence Yun, the National Association of REALTORS’® chief economist explained, “Look for the peak of the housing market’s annual cycle to be delayed, not canc

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Housing Wire

AUGUST 6, 2020

The Oakland County Health Division in Michigan sent an emergency order to Mat Ishbia, CEO of United Wholesale Mortgage and United Shore Financial Services , saying employees weren’t wearing masks at work, contributing to the spread of the coronavirus. The emergency order issued on Tuesday said over 50 confirmed cases of COVID-19 have been reported among workers at United Shore’s headquarters in Pontiac, Michigan, an address it shares with UWM, the nation’s largest wholesale len

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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

Fancy Pants Homes

AUGUST 6, 2020

Husband and wife duo Loren and JR Ridinger, who founded retailing giants Market America and SHOP.COM, are ready to get out of the city — and leave their palatial home behind. The beauty mogul and her husband recently bought a larger home in Greenwich, CT to accommodate their growing family — the Ridingers are proud grandparents to three grandchildren — and are now looking to find a buyer for their posh NYC home in the Jean Nouvel-designed condo building at 100 11th Avenue in We

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Housing Wire

AUGUST 6, 2020

When the Consumer Financial Protection Bureau released the 2019 Home Mortgage Disclosure Act data there was one key shift that was evident from the start – independent mortgage banks clearly stepped up their game. Wells Fargo, which had long held the No. 1 spot for mortgage originators, had fallen. Not only did Quicken Loans surpass the mega bank in total originations, which it had been doing for some time already, but United Wholesale Mortgage also surpassed Wells, placing the bank in a solid t

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Banks Loans Mortgages As-is 409

Waterfront Properties

AUGUST 6, 2020

The old song and dance of moving to Florida for retirement is still moving and grooving but that doesn’t mean you have to take up golf or knitting. The Sunshine State has never been more attractive for business owners to start new or bring their already accomplished Co. and Inc down south. Here are a few reasons why Florida is the haven you need for your business.

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Housing Wire

AUGUST 6, 2020

Rocket Companies , parent company of Quicken Loans , underwhelmed in its public debut on Thursday. But executives remain optimistic with an eye toward the future, according to a HousingWire interview with COO Bob Walters. On Wednesday, we reported that Rocket Companies had drastically lowered its pricing and shares being offered in its initial public offering – from an originally projected selling of 150 million shares at $20 to $22 per share to 100 million at $18 per share.

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Technology Branding Mortgages Loans 335

Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty

Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.

Agents

BubbleInfo

AUGUST 6, 2020

One of the trends in attempts to provide more affordable housing is the growth of accessory dwelling units (ADUs) such as granny flats, garage apartments, or in-law suites. These aren’t a new thing – Fonzie occupied an above-garage apartment at the Cunningham home – but they have been somewhat invisible, and often illegal. The invisibility was […].

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MLS As-is Marketing 105

Brownstoner

AUGUST 6, 2020

In the News Pete Hamill, Quintessential New York Journalist, Dies at 85 [NYT] Greenwood Heights, Brooklyn: Open Space and Room to Breathe [NYT] Can NYC Reopen Schools? The Whole Country Is Watching [NYT] 25 Percent of Ballots in Brooklyn June Primaries Invalid [NYP] Asian-Americans Lead March After 89-Year-Old Woman Set on Fire [BP] Thousands of Brooklyn… Read More > The post Daily Links: NYC Turns to Checkpoints, Fines to Enforce Quarantine for Travelers appeared first on Brownstoner.

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REM Online

AUGUST 6, 2020

The following content may have been republished here without the author's permission. The original post can be found at the following URL: Real estate sales in the age of COVID-19. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. COVID-19 was like a bomb to the Canadian real estate industry, forever changing the way real estate is done.

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Sales Industrial Marketing 103

Brownstoner

AUGUST 6, 2020

After Landmarks green-lighted a supertall melded to the iconic Dime Savings Bank in Downtown Brooklyn in 2016 -- raising preservationists' eyebrows -- years passed with little evident building at the site. Finally, after years of prep and foundation work, construction started around the beginning of this year. As the city… Read More > The post Following Years-Long Prep, Downtown Brooklyn Supertall Rises Over Dime Savings Bank Dome appeared first on Brownstoner.

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Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.

Agents

Realtor.com

AUGUST 6, 2020

realtor.com This home hidden among the redwood trees is a private oasis near the Russian River in Sonoma County. Quite apart from its beautiful locale, the residence has also served as a colorful canvas for a local artist. The 1,078-square-foot home on Old River Road sits on almost 2 acres in Forestville, CA. It’s currently listed for $625,000, after debuting on the market for $649,000 in May.

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GeekEstate

AUGUST 6, 2020

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: Second Century Ventures.]. Second Century Ventures is the strategic investment arm of the National Association of Realtors, the largest trade organization in the US, and invests in technology companies across real estate, financial services, banking, home services, and insurance.

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Banks Technology Industrial Agents 102

Realtor.com

AUGUST 6, 2020

realtor.com It’s never too soon to be thinking about a winter retreat. And for a certain echelon of homebuyer, Aspen is the place to be when temperatures cool. It’s well known as “the most expensive ski town in America.”. In that wealthy vein, a riverfront residence in Aspen, CO , sitting on nearly 1 acre, is this week’s most expensive new listing on realtor.com®.

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Land Construction As-is Sales 102

Afford Anything

AUGUST 6, 2020

Welcome back to PSA Thursday, a mostly-weekly segment in which we talk about how to handle money, work, and life in the middle of a pandemic. Do you have school-age children? If so, then brace yourself for a school year like no other. This year, some children will return to school five days a week. Others will learn from home five days a week, and yet others will experience a hybrid of the two.

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Finance 99

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Agents

Brownstoner

AUGUST 6, 2020

It is indeed compact, but this prewar studio rental has a practical layout, some late Art Deco-era details and some stylish modern updates. It's on the third floor of 55 Pineapple Street, a co-op building in Brooklyn Heights. If checking out the seven-story building on the NYC Landmarks Map, … Read More > The post Brooklyn Heights Studio With Built-ins, Murphy Bed, Renovated Kitchen Asks $2,500 a Month appeared first on Brownstoner.

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RIS Media

AUGUST 6, 2020

All is not lost. Although it may seem hopeless to jump into or restart a career as an agent, that couldn’t be further from the truth. There are always going to be opportunities in an industry as vast and diverse as real estate. By implementing certain strategies, you can increase your odds for success as an agent, even in the middle of a pandemic.

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Brownstoner

AUGUST 6, 2020

In the latest episode of The Brownstoner Podcast, Compass real estate agents Sarah Zelermyer-Diaz and Marc Karavasian talk about real estate in the time of COVID-19 and their love for the borough and Park Slope. They share tips for first-time buyers and homeowners pondering investment property, and pinpoint what parts… Read More > The post Brownstoner Podcast: Compass’ Sarah + Marc Team Reveal Tips for First-Time Buyers appeared first on Brownstoner.

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Agents 98

The Close

AUGUST 6, 2020

Any successful real estate agent will tell you that the best way to build a growing business is to do so with a strong referral game. Real estate referrals typically come from two places. First, referrals can come from your sphere of influence—meaning your past and present clients, your family and friends, and the people you know. Your contacts pass business your way because they know you’re in real estate and that you’re the best person to help buy or sell a home.

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Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty

The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.

Sales