Housing Wire

JANUARY 24, 2024

Let’s talk about lowball offers. What constitutes a “lowball” offer, when is it appropriate or not appropriate and how can you encourage your buyer clients to stop insisting on offering a price that’s unlikely to result in an offer? By definition, a lowball offer is an offer that is significantly below market value. This is where the problem can start — in practice, agents and their clients consider a an offer to be a lowball if it’s significantly below the asking price.

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Agents Sales Lending Marketing 446

Real Estate News

JANUARY 24, 2024

The best way to protect consumers and raise the bar for the entire industry? Require buyer agency agreements across the board.

Industrial 316

Industrial 316

Housing Wire

JANUARY 24, 2024

Fannie Mae has announced updates to its HomeReady product, including a temporary $2,500 credit for very low-income purchase borrowers to use for down payment and closing costs. Another step the government-sponsored enterprise took was to enhance the best efforts commitments on HomeReady loans. It allows lenders to lock in margins and reduce hedging costs.

Closing costs 479

Closing costs Loans Closing Mortgages 479

Keeping Current Matters

JANUARY 24, 2024

If you’re looking to buy a home, the recent downward trend in mortgage rates is good news because it helps with affordability.

Mortgages 277

Mortgages Marketing 277

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Agents

Housing Wire

JANUARY 24, 2024

Mortgage demand continued to increase last week, as seen in an uptick in purchase activity. Mortgage applications rose by 3.7% in the week ending Jan. 19 compared to one week earlier on a seasonally adjusted basis, per the Mortgage Bankers Association ‘s (MBA) weekly mortgage applications survey. “Conventional and FHA purchase applications drove most of the increase last week as some buyers moved to act early this season,” Joel Kan , MBA’s vice president and deputy chief economist, said in a st

Mortgages 479

Mortgages Fixed-rate mortgage Loans Residential 479

Real Estate News

JANUARY 24, 2024

The lawsuits, known as Batton 1 and Batton 2, may soon be combined, with both moving forward under Judge Andrea Wood.

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Inman

JANUARY 24, 2024

Realtor.com data suggests there will only be three listings per agent in 2024 and that sellers who want to close a deal in April are already looking for representation.

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Closing Agents Sales Brokerage 182

Housing Wire

JANUARY 24, 2024

Agents subscribed to Bright MLS now have access to a built-in advertising tool through a new partnership with Collabra Technology , according to an announcement on Tuesday. Through the Bright MLS platform, subscribers will have access to Collabra’s AdBuilder , which lets agents plan and schedule paid digital advertising campaigns from the MLS ’ platform.

MLS 413

MLS Technology Land Construction 413

Inman

JANUARY 24, 2024

The HGTV star announced his forthcoming book, "Flip Your Life," at ICNY on Wednesday. "We all face struggles, we all face pain, and it's about what you do with those struggles and what you do with that pain," El Moussa said.

Design 177

Design Agents 177

Housing Wire

JANUARY 24, 2024

Delinquencies rose in December but the rise is mostly due to the calendar: December ended on a Sunday, so payments made on the last day of the month were credited to January. As a result, some loans appeared temporarily delinquent, ICE noted in its First Look Mortgage Performance report. The national delinquency rate rose to 3.57% in December, up from 3.39% in November.

Mortgages 401

Mortgages Staging Loans Sales 401

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

Inman

JANUARY 24, 2024

Attract buyers by taking your value proposition to the next level with advice from Chelsea Hamre from RE/MAX, Julia Boland from Corcoran, DJ Ten Hoeve from Keller Williams at Inman Connect New York.

Agents 172

Agents Marketing 172

Housing Wire

JANUARY 24, 2024

San Diego-based reverse mortgage wholesale lender Smartfi Home Loans has forged a partnership with LoanPASS to use the technology company’s software-as-a-service (SaaS) product and pricing engine in its reverse lending operations. Stating its desire to expand reverse mortgage wholesale lending through a series of inter-company partnerships, the new accord serves as an example of its broader goal, according to a statement from Gregg Smith, CEO of Smartfi.

Technology 389

Technology Lending Equity Loans 389

Inman

JANUARY 24, 2024

Jill Biggs and Sean Soderstrom argued Wednesday at Inman Connect New York that leaders have to learn to find their specialties — and to delegate.

Agents 180

Agents Brokerage 180

Housing Wire

JANUARY 24, 2024

A cohort of former employees at now-defunct reverse mortgage lender Live Well Financial has been granted final settlement approval in a class action lawsuit brought against the company’s estate in May 2019. Monica Williams, a former loan account manager in Live Well’s Richmond, Va. headquarters, initially filed the suit days after Live Well had halted funding for new loans and subsequently ceased operations entirely.

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Bankruptcy Loans Closing Mortgages 378

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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

JANUARY 24, 2024

A panel of real estate PR reps and social media influencers told ICNY attendees to remember that the brand is you, the cameras are always on, and whatever you do, avoid talking politics this election year.

Branding 165

Branding Agents Marketing 165

Housing Wire

JANUARY 24, 2024

New Jersey-based TD Bank has decided to invest $10 billion in affordable homeownership initiatives by 2027, including providing loans and liquidity to the residential lending market. The investment represents half of the bank’s three-year Community Impact Plan announced Wednesday, which will direct $20 billion to lending, philanthropy, and banking access, among other initiatives, for the benefit of diverse and underserved communities.

Banks 378

Banks Lending Loans Finance 378

Inman

JANUARY 24, 2024

Douglas Elliman's McKenzie Ryan joined Amie Quirarte of Tahoe Luxury Properties and Jas Takhar of REC Canada at ICNY on Tuesday to share why branding extends into every aspect of life.

Branding 162

Branding 162

RIS Media

JANUARY 24, 2024

In 2022, 42 million households in the United States were cost-burdened, paying one-third of their income toward housing—a statistic that increased substantially due to the impacts of the COVID pandemic, rising to the highest level since 2015, according to Harvard’s Joint Center for Housing Studies (JCHS). The number of cost-burdened households rose by 4.9 million… The post 42 Million U.S.

Industrial 126

Industrial Marketing 126

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

Inman

JANUARY 24, 2024

The founder of The Agency is part of a team launching the American Real Estate Association as NAR continues to face criticism and legal trouble.

As-is 177

As-is Industrial 177

Bigger Pockets

JANUARY 24, 2024

Home prices have grown year over year through the last several months and show no signs of slowing down. Some markets have more momentum than ever and have emerged as early hot spots this year. Here's what you need to know.

Marketing 121

Marketing 121

Inman

JANUARY 24, 2024

The mortgage lender has restored websites that collect payments, accept loan applications and match homebuyers with partner real estate agents after Jan. 4 cyberattack.

Loans 159

Loans Mortgages Agents Technology 159

RIS Media

JANUARY 24, 2024

With the number of commission-focused lawsuits in the dozens—and growing every week—and with all of them making almost identical accusations and arguments, some sort of consolidation seemed inevitable as soon as the first copy-cat suit was filed. Yesterday, the process of combining major commission suits took a big step forward as the National Association of… The post NAR Signals Support of Lawsuit Consolidation, Eyes Chicago for Venue appeared first on RISMedia.

Industrial 122

Industrial 122

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

Inman

JANUARY 24, 2024

The Anywhere CEO challenged individual leaders to step up, rather than be dependent on NAR to lobby for the industry in Washington. He added that the most important thing for leaders today are vision and attitude.

Industrial 152

Industrial Brokerage Marketing 152

RIS Media

JANUARY 24, 2024

Cloze, a software company that delivers AI-powered real estate solutions, has announced that Illinois-based real estate firm Baird & Warner has adopted the Cloze Platform. The Cloze platform includes specific programs devoted to marketing, lead generation and an AI-powered CRM. “As an independent company, we rely on smart innovation—in both technology and processes—to compete against… The post Illinois Real Estate Company Adopts Cloze Platform for Growth appeared first on RISMedia.

Technology 120

Technology Marketing Industrial 120

Inman

JANUARY 24, 2024

Purchase mortgage applications surge by 8 percent as homebuyers seeking to take advantage of the recent decline in rates get an early jump on the spring homebuying season.

Mortgages 154

Mortgages Marketing 154

RIS Media

JANUARY 24, 2024

Mortgage applications continued their uptick this week, increasing 3.7% from last week’s notable bump of 10.4%, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending January 19, 2024. The results include an adjustment to account for the MLK holiday. This week’s numbers: The Market Composite Index,… The post Mortgage Applications Stay on the Rise appeared first on RISMedia.

Mortgages 118

Mortgages Marketing Industrial 118

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Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.

Agents

Inman

JANUARY 24, 2024

Team leaders Megan Romine, Ryan Butler and Elias Astuto discussed how enforcing standards, sharing responsibilities and staying engaged with your agents and community are key to creating a successful, long-lasting business.

Agents 150

Agents 150

RIS Media

JANUARY 24, 2024

Above, Jason Haber In an exclusive interview with RISMedia on Tuesday, Jan. 23, Jason Haber, an associate real estate broker currently with Compass in New York, delved into the details of why he and business partner Mauricio Umansky decided to launch an alternative trade group to the National Association of REALTORS® (NAR), called the American… The post New Start-Up Trade Assn.

Industrial 117

Industrial Agents 117

Inman

JANUARY 24, 2024

Unpack the tools and insights you’ll need for 2024 with Red Apple Coaching and Consulting’s Mary-Anne Gillespie, Compass’ Courtney Smith and Douglas Elliman’s Jacky Teplitzky.

Agents 143

Agents Marketing 143

Brownstoner

JANUARY 24, 2024

One of our cultural icons is the self-made man or woman. We love to see stories of people who came from nothing, often from another country, worked hard, and with determination and a little luck, were in the right place at the right time to become incredibly successful, wealthy, and… Read More > The post The Pope’s Mr. Pope: The Rise and Fall of the Pope Family Mansion on Bushwick Avenue appeared first on Brownstoner.

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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.

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