RIS Media

NOVEMBER 3, 2023

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. According to the latest report from Freddie Mac, mortgage rates declined slightly after seven weeks of continuous rate increases—still sitting below 8%. The 30-year mortgage rate is 7.76% as of Nov. 2, 2023, a 0.03%… The post Mortgage Mix: Uncertainty Lies Ahead as Rates Stall appeared first on RISMedia.

Mortgages 117

Mortgages Industrial As-is 117

Housing Wire

NOVEMBER 3, 2023

When it comes to marketing your real estate business, video is king. Global statistics from 2023 show that people watch videos an average of 100 minutes a day, with millennials — the largest share of homebuyers in the U.S. — spending 10 to 20 hours a week watching videos. From short Instagram reels to longer videos on YouTube , video is here to stay.

Marketing 544

Marketing Title As-is Technology 544

Real Estate News

NOVEMBER 3, 2023

The pace of jobs and wages slowed in October, which may reduce inflation and potentially knock down mortgage rates in time for the spring selling season.

Mortgages 294

Mortgages 294

Housing Wire

NOVEMBER 3, 2023

The jobs report today which should move mortgage rates lower, demonstrates why it’s time for the Federal Reserve to land the plane. The labor market doesn’t show wages spiraling out of control as it did in the 1970s because the inflation data doesn’t look like anything in the 1970s. We had a solid job openings print this week and jobless claims are still near historic lows.

Mortgages 496

Mortgages Land As-is Marketing 496

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Agents

Real Estate News

NOVEMBER 3, 2023

The Sitzer/Burnett verdict has the industry bracing for a sea change. But leaders at Zillow and Homes.com say MLSs add value and can’t simply be torn down.

MLS 287

MLS Industrial 287

Housing Wire

NOVEMBER 3, 2023

Texas-headquartered lender and servicer Mr. Cooper pointed to a cybersecurity incident that forced the company to lock down certain technology systems including access to its online payment portal. “On October 31, Mr. Cooper became the target of a cyber security incident and took immediate steps to lock down our systems in order to keep your data safe.

Technology 450

Technology Finance Mortgages Industrial 450

Housing Wire

NOVEMBER 3, 2023

Speculation is still swirling around what Judge Stephen Bough’s final ruling on the Sitzer/Burnett commission lawsuit will be and how it will impact the industry. Thanks to provisions in both Anywhere’s and RE/MAX’s settlement agreements , as well as Redfin’s announcement that it would be requiring agents to cancel their National Association of Realtors membership, much of the speculation has focused on what will become of NAR’s 1.5 million members.

MLS 432

MLS Brokerage Agents Industrial 432

Inman

NOVEMBER 3, 2023

After breaching 8 percent in mid-October, 30-year fixed mortgage rates have plummeted to levels not seen since September as more investors expect Fed policymakers to lower rates in the spring.

Mortgages 206

Mortgages Investor Marketing 206

Housing Wire

NOVEMBER 3, 2023

Anywhere Real Estate partnered with agent-client collaboration platform RealScout to allow the company’s affiliated real estate agents and franchise owners “to engage, nurture, and convert clients at each stage of the real estate journey,” according to an announcement on Friday. The RealScout platform will be available across all of Anywhere’s brands, such as Century 21, Coldwell Banker and Sotheby’s International Realty.

Staging 420

Staging Branding Residential Agents 420

Inman

NOVEMBER 3, 2023

NextHome CEO James Dwiggins points out that the final chapter of the bombshell commission lawsuits hasn't been written in this interview with Bernice Ross. Find out what you need to know to plan ahead.

Agents 187

Agents MLS Marketing 187

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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

Housing Wire

NOVEMBER 3, 2023

The Consumer Financial Protection Bureau (CFPB) this week published a report analyzing state-level community reinvestment laws and ways they promote reinvestment activities for entities including mortgage companies. The 32-page report features details about the ways state governments aim to ensure financial institutions’ lending, services and investment activities meet the credit needs of their local communities, including mortgage companies, credit unions and banks.

Lending 414

Lending Banks Mortgages Loans 414

Inman

NOVEMBER 3, 2023

RealtyTek is a mobile app for real estate agents and their customers to help automate transaction business functions, but it struggles with growing pains in a few critical places.

Agents 175

Agents Technology Sales 175

Housing Wire

NOVEMBER 3, 2023

In light of the recent verdict in the Sitzer/Burnett commission lawsuit , RE/MAX executives expressed great satisfaction about their decision to settle the suit — as well as the Moehrl and Nosalek lawsuits — for $55 million before it headed to trial. “While it came as a significant financial cost, we believe it was absolutely the best decision for all of our stakeholders, affiliate, employees, shareholders, and debt holders alike,” Steve Joyce, RE/MAX’s CEO, told investors and analysts during th

Investor 409

Investor Branding Agents As-is 409

Inman

NOVEMBER 3, 2023

Jimmy Burgess helps you tackle your stinkin' thinkin' and elevate your vibration with positive attitude techniques that can transform the way you do business.

Agents 182

Agents Marketing 182

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Sales

Housing Wire

NOVEMBER 3, 2023

Non-bank originator Change Lending will continue to originate non-qualified mortgages ( non-QMs ) for underserved borrowers after it reached a tentative deal with the U.S. Department of Treasury that would keep the firm certified as a Community Development Financial Institution (CDFI). The CDFI certification is a designation given by the Treasury Department CDFI Fund to specialized organizations that provide financial services to low-income communities and people who lack financing.

Lending 409

Lending Principal Finance Loans 409

Inman

NOVEMBER 3, 2023

Two or more smaller apartments being combined to make one bigger living space has cost the city over 100,000 housing units according to "The New York Times.

Marketing 181

Marketing 181

Housing Wire

NOVEMBER 3, 2023

eXp World Holdings executives did not mention the Sitzer/Burnett verdict in their third quarter earnings presentation on Thursday, but analysts wanted to hear their thoughts on the potential implications. In response, Glenn Sanford, the founder and chief executive of the company, which is parent to eXp Realty , expressed concern about low-income homebuyers who may not be able to afford representation “if the rules change too much.

Brokerage 409

Brokerage Industrial Agents Marketing 409

Inman

NOVEMBER 3, 2023

With Inman Top 5, you'll find the week's most essential stories, as chosen by our readers. Here are the most-read articles for Oct. 27 - Nov. 2, 2023.

Agents 175

Agents 175

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

Housing Wire

NOVEMBER 3, 2023

The process of finding, buying and owning a home today is disjointed, antiquated and messy. homegenius Real Estate understands the need to deliver differentiated value in a very congested market. That’s why they’ve introduced the homegenius Platform, an integrated solution consisting of advanced technology , data science, machine learning and AI designed to drive value and bring ease to consumers through the home buying and selling journey.

Closing costs 408

Closing costs Short sale Technology New Construction 408

Realty Biz

NOVEMBER 3, 2023

When it comes to high-end living, smart home technology is not just a trend; it’s revolutionizing the way we experience comfort and convenience. And every luxury home should take advantage of smart home technology. The innovations are impressive, from automated lighting systems that adjust based on natural sunlight to voice-activated assistants that can control various aspects of your home.

Technology 128

Technology Design Branding As-is 128

Housing Wire

NOVEMBER 3, 2023

October job gains significantly cooled compared to September, falling back under the average monthly gain of 258,000 over the prior 12 months. Total nonfarm payroll employment increased by 150,000 jobs in October, half of the number posted in September , according to data released by the Bureau of Labor Statistics. Meanwhile, the unemployment rate rose slightly to 3.9%, aligning with the Fed’s projection for 2023 of 3.8%.

Marketing 407

Marketing Construction MLS Mortgages 407

Sotheby's International Real Estate

NOVEMBER 3, 2023

Highlights from this week’s top news stories on luxury and global real estate, and home. Sarasota, Florida | Premier Sotheby’s International Realty The owners used the Sarasota property to showcase their massive collection of art deco posters, glassware and cocktail shakers. Inside a Waterfront Florida Home That Rivals Most Art Galleries – The Wall Street Journal Turks and Caicos Megamansion Sells for a Record $33.5 Million – Mansion Global Period Elegance and Modern Luxury Converge in Thi

Agents 122

Agents Sales Marketing 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

Housing Wire

NOVEMBER 3, 2023

Real estate commissions are under the microscope. With the scrutiny of The Department of Justice and the Federal Trade Commission and multiple lawsuits concerning how buyers’ brokers get paid, many brokers say it feels like an all-out war on the real estate industry. But, there are steps that both brokers and agents can take to minimize the damage of a worst-case scenario.

MLS 324

MLS Brokerage Property Management Agents 324

RIS Media

NOVEMBER 3, 2023

Total nonfarm payroll growth increased by 150,000 in October, and the unemployment rate changed little, increasing 3.9% over last month’s 3.8%, according to the latest U.S. Bureau of Labor Statistics (BLS) report released Friday. The numbers fell short of economists’ expected gains following a robust September reading. According to the report, job gains occurred in… The post Job Growth Cools With U.S.

Industrial 117

Industrial Mortgages Agents 117

NAR: Economic Outlook

NOVEMBER 3, 2023

Instant Reaction: Jobs, November 3, 2023 The latest monthly job gains of 150,000 in October are one of the weakest in the past three years; unemployment rose to 3.9%, near a two-year high.

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RIS Media

NOVEMBER 3, 2023

ERA® Real Estate has announced the affiliation of Meraki Real Estate ERA Powered, a multi-office brokerage based in Norman and Oklahoma City, Oklahoma. Founded in 2015, the family-owned firm is led by husband-and-wife duo Zan and Bryan Waldenville. The company specializes in new development, as well as residential, luxury and investment properties. Zan, a Norman… The post ERA Announces Oklahoma Affiliation appeared first on RISMedia.

Brokerage 117

Brokerage Residential Development As-is 117

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Agents

Inman

NOVEMBER 3, 2023

This week, we're breaking down the aftermath of that $5 billion verdict in favor of the plaintiffs in Sitzer | Burnett.

Brokerage 132

Brokerage Agents 132

RIS Media

NOVEMBER 3, 2023

When CoStar Group acquired Homes.com in 2021, the goal was bold and ambitious: to earn the coveted No. 1 spot in the portal field by creating the best environment for real estate professionals and consumers. Nearly three years later, Homes.com has gained important ground toward that goal, recently claiming the No. 2 spot by surpassing… The post How the CoStar Playbook Got Homes.com to No. 2 appeared first on RISMedia.

Industrial 114

Industrial Agents 114

Calculated Risk Real Estate

NOVEMBER 3, 2023

From housing economist Tom Lawler: Below is a table showing the YOY % changes in three widely followed rent indexes: the Apartment List Rent Index (ALRI, asking rents of apartments, not smoothed); the Zillow Observed Rent Index (ZORI, rents on “all” rental properties, smoothed via 3-month moving average); and the CoreLogic Single-Family Rent Index (CLSFRI, single-family rents, smoothed via 3-month moving average.

Industrial 112

Industrial As-is 112

RIS Media

NOVEMBER 3, 2023

Rocket Companies’ revenue exceeded all Q2 predictions, overcoming the mortgage and housing market challenges, as reported in their Q3 2023 earnings report released on Thurs., Nov. 2. After announcing a shift in CEOs in Q2—CEO Bob Walters retiring and Varun Krishna taking over—the company’s revenue turned course and saw large growth. Now, the trend is… The post Rocket’s Revenue Exceeds Expectations Again in Q3 appeared first on RISMedia.

Mortgages 114

Mortgages Marketing As-is Industrial 114

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