Housing Wire

DECEMBER 6, 2023

Falling mortgage rates last week brought increased demand. Total home loan applications increased 2.8% for the week ending Dec. 1 compared to the previous week , according to data from the Mortgage Bankers Association (MBA). The 30-year fixed-rate mortgage averaged 7.17% last week. Slower inflation and the confidence financial markets have that we are nearing the end of the Fed ’s hiking cycle has brought mortgage rates to the lowest level since August.

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VA loan Mortgages FHA loan Fixed-rate mortgage 515

Real Estate News

DECEMBER 6, 2023

Buyer’s agents in 2023 were at the center of questions about compensation — and their value. But those who have made it through are confident of their worth.

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Agents 308

Housing Wire

DECEMBER 6, 2023

In September 2022, the 30-year fixed mortgage rate averaged 6.1%, according to Freddie Mac data. Fast-forward one year, and the rate averaged 7.2%, an expensive difference for many homebuyers (rates have since started to drop ). But compare mortgage delinquencies over the same period: 2.8% in September 2022, 2.8% in September 2023, according to CoreLogic data.

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Mortgages Principal Staging Loans 491

Real Estate News

DECEMBER 6, 2023

The Florida Association of Realtors and 16 brokerages are named in the seventh major antitrust case filed by home sellers since the Sitzer/Burnett verdict.

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Brokerage 297

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Housing Wire

DECEMBER 6, 2023

Miami-based fintech provider LoanPASS integrated Uplist ’s suite of home-shopping tools into its pricing engine, the company announced in November. The partnership will boost loan officers ’ capacity to deliver personalized, efficient and tech-powered solutions directly to their clients and agents. The addition of some of Uplist’s tools such as SmartView, Quick Quotes or SmartBuyers will allow lenders to enhance the homebuying experience.

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Loan Officer Banks Lending Loans 441

Real Estate News

DECEMBER 6, 2023

Keller Williams also announced automated market snapshots and additional features as its CRM platform joins others in adding ChatGPT-powered capabilities.

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Marketing 255

Real Estate News

DECEMBER 6, 2023

Cloze and Realscout team up; Stellar MLS partners with RentSpree; InspectionGo promotes COO to president; Addressable shuts down.

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MLS 243

Housing Wire

DECEMBER 6, 2023

Flat-fee real estate brokerage Fathom Realty will hike its agent fees in 2024 to bolster the company’s revenue by more than $3 million next year. The brokerage will implement two main changes to its fee structure, effective on Jan. 1. First, there will be an increase of $100, from $600 to 700, in agents’ annual fee, which is charged on an agent’s first transaction every year.

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Agents Brokerage Sales Finance 421

Keeping Current Matters

DECEMBER 6, 2023

Does the rising cost of just about everything these days make your dream of owning your own home feel less within reach?

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Housing Wire

DECEMBER 6, 2023

CBC Mortgage Agency – a federally chartered housing finance agency – will offer two temporary rate buydown features for its down payment assistance (DPA) program for Federal Housing Administration (FHA) loans. The agency is the first to provide either a 2-1 rate buydown or a 1-0 rate buydown on a DPA program. “The addition of a 2-1 and a 1-0 buydown feature is CBC Mortgage Agency’s continued response to the ongoing effect of the higher interest rates,” said Cari Zwick, CBC Mortgage Agency’s nati

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FHA loan Loans Mortgages Finance 421

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Loans

Inman

DECEMBER 6, 2023

Mortgage rates keep falling after Powell tries to deflate expectations for the spring rate, as three new reports released this week suggest the economy is, in fact, losing steam.

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Mortgages As-is Marketing 202

Housing Wire

DECEMBER 6, 2023

The Community Home Lenders of America (CHLA) submitted a letter to the Federal Housing Finance Agency (FHFA) expressing its support for the use of attorney opinion letters (AOLs) on Wednesday. In the letter addressed to FHFA Director Sandra Thompson , the CHLA says that it supports the use of AOLs in lieu of title insurance , “in conjunction with Enterprise mortgage loans, subject to reasonable standards.

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Title Due diligence Land Loans 410

Inman

DECEMBER 6, 2023

In separate lawsuits, homesellers allege the defendants — including Florida Realtors and West Penn MLS — conspired to enforce rules that inflated commissions on the sale of their homes.

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Housing Wire

DECEMBER 6, 2023

Real estate transactions are rarely stress-free. A home purchase or sale might be the most significant financial commitment a person makes in their lifetime, and many sales are layered with complicated feelings. When you combine money and emotions, you’re bound to face some challenges. When the inevitable occurs, here are eight crisis management tips for handling difficult situations. 1.

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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

DECEMBER 6, 2023

On a recent podcast, the Corcoran Group founder shared her strategy for success in real estate investment that she says has helped earn her a net worth of $100 million.

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Housing Wire

DECEMBER 6, 2023

Pennymac Financial Services is the latest mortgage company to issue debt in a challenging housing market. The California-based company announced on Wednesday it intends to offer a $650 million aggregate principal amount of senior notes due in 2029. “Proceeds from the offering will be used to repay a portion of the Company’s secured term notes due 2025 and for other general corporate purposes,” Pennymac said in an 8-K filing with the Securities and Exchange Commission (SEC).

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Principal Equity Mortgages Investor 410

Inman

DECEMBER 6, 2023

Author and trainer Bernice Ross writes that the addition of Python to the already-robust marketing capabilities of ChatGPT creates a winning combination for your 2024 content planning.

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Marketing Technology Agents 180

RIS Media

DECEMBER 6, 2023

The baseline conforming loan limit (CLL) for most U.S. mortgages backed by Freddie Mac and Fannie Mae in 2024 has increased from $726,200 to $766,550, an increase of $40,350 or 5.56% from 2023, according to the annual release by the Federal Housing Finance Agency (FHFA) this past Tuesday. The Housing and Economic Recovery Act (HERA)… The post FHFA Announces Conforming Loan Limit Values for 2024 appeared first on RISMedia.

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Loans Finance Mortgages Industrial 127

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

DECEMBER 6, 2023

CEO Mike Nolan says FNF has resumed normal operations, and that customer disruption from the cybersecurity incident was "relatively brief" and included the Thanksgiving holiday weekend.

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Title Land Technology Industrial 180

RIS Media

DECEMBER 6, 2023

As 2023 is coming to a close, there’s a lot of predictions up in the air for what the housing market is going to look like in 2024. Will mortgage rates come down? Will prices? Will the market crash? There’s a lot of questions, but one of the biggest is what markets are going to… The post The Housing Markets That Will Dominate 2024 appeared first on RISMedia.

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Marketing Closing Mortgages As-is 122

Inman

DECEMBER 6, 2023

The sale of the Como Residences penthouse, located on the exclusive Palm Jumeirah archipelago, is the priciest ever to close in Dubai. The penthouse is expected to be complete in late 2027.

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RIS Media

DECEMBER 6, 2023

As the industry grapples with a significant market slowdown that could linger uncomfortably long, brokerages are scurrying to cut costs. But is that the right direction for growth and success? The harsh reality is that 10 years from now, traditional real estate brokerages will be obsolete. Why? Because they are refusing to evolve, unable to… The post Are Traditional Brokerages Cutting Their Way to Extinction?

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Brokerage Industrial As-is 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

Inman

DECEMBER 6, 2023

Charlie Munger, legendary philanthropist and business partner to Warren Buffett, died Nov. 28 at the age of 99. Inman founder Brad Inman recalls a consequential meal with the venerable investor.

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RIS Media

DECEMBER 6, 2023

Another week, another commission lawsuit (or three). As bigger, national lawsuits continue to move slowly through the courts, attorneys in three states have decided to emulate the plaintiffs in Burnett, and bring very similar claims—that REALTOR® associations are conspiring with big brokerages to inflate commissions—to their regions. The Burnett case, which saw a jury award… The post New State-Level Commission Suits Target Smaller Brokerages appeared first on RISMedia.

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Brokerage MLS Industrial 117

Inman

DECEMBER 6, 2023

Keller Williams has released a number of updates to Command, its flagship enterprise software solution. Primary among them is a ChatGPT-integrated artificial intelligence-based ad campaign builder.

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Brokerage Technology 176

RIS Media

DECEMBER 6, 2023

While there is little doubt that the current luxury market is facing challenges, we investigate the slight shift in some of the market’s variables that could be the key to market growth in the future. We acknowledge that during the last year the expectations and reactions of buyers and sellers have become so entrenched in… The post The November 2023 Luxury Market Report appeared first on RISMedia.

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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

DECEMBER 6, 2023

Expect the portal wars to go into overdrive in 2024, with CoStar Group leading an ambitious effort to unseat Zillow as the country's top real estate portal, technology advisor Mike DelPrete writes.

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Technology 175

Bigger Pockets

DECEMBER 6, 2023

There have been a lot of interesting threads in the economic space lately. The biggest stories have surrounded attempts to predict what the Federal Reserve will do in 2024.

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Inman

DECEMBER 6, 2023

Coaches Emily Bossert and Melanie Klein offer tips for living a life by design when you think ahead and set your intentions for personal and professional success in 2024.

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Design Agents 176

RIS Media

DECEMBER 6, 2023

Second Century Ventures, the strategic investment arm of the National Association of REALTORS®, opened applications today for the 2024 U.S. REACH technology growth program. Applications for the U.S. REACH Commercial program will open in March 2024. The U.S. REACH program focuses on solutions supporting the residential real estate sector, including innovations from adjacent industries such… The post NAR Opens Applications for 2024 REACH Program appeared first on RISMedia.

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Commercial Technology Residential Industrial 113

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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