Wed.Jan 25, 2023

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Why You Shouldn’t Fear Today’s Foreclosure Headlines

Keeping Current Matters

If you’ve seen recent headlines about foreclosures surging in the housing market, you’re certainly not alone. There’s no doubt, the stories in the media can be pretty confusing right now. They may even make you think twice about buying a home for fear that prices could crash. The reality is, the data shows a foreclosure crisis is not where the market is headed, and understanding what that really means is mission critical if you want to know the truth about what’s happening today.

Marketing 271
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As mortgage rates decline, the mantra is ‘no buyers left behind’ 

Housing Wire

As mortgage rates continue to decline, Chad Earnest’s mantra with his referral partners in 2023 is “no buyer left behind.” The Montgomery, Texas-based area manager, who moved from AmeriSave Mortgage Corporation to Cardinal Financial Company in November, launched in mid-2022 a platform to help their referral partners succeed. He makes co-marketing investments and helps partners with their databases by looking for any missed opportunity in the market.

As-is 497
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CoStar considering purchase of Realtor.com parent: Report

Inman

Acquiring Realtor.com would significantly advance CoStar's push into residential real estate — and bring it into greater conflict with the industry's existing power players.

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How the housing market will evolve in 2023

Housing Wire

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for this year, along with a roundtable discussion on how these insights apply to your business.

Marketing 459
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The 2025 Real Estate Roadmap to Success

Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

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Real estate leaders see signs of market thawing

Inman

At Inman Connect New York on Wednesday, Sue Yannaccone and Glenn Sanford talked about positive market indicators and taking care of employees that remain post-layoffs.

Marketing 174
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Home prices will drop to 2008-levels in these four cities: Goldman Sachs

Housing Wire

Goldman Sachs’ latest home price predictions could be cause for concern. The multinational investment bank and financial services company says home prices, which have been on the decline since June 2022, will fall further this year than previously predicted. The company notified its clients earlier this month that based on the S&P CoreLogic Case-Shiller US National Home Price NSA Index’s projected decline, the housing market has fallen out of favor with Goldman Sachs.

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Clear Capital cuts 24% of its workforce in restructuring

Housing Wire

Real estate valuation technology company Clear Capital has conducted a new round of layoffs as part of a company restructuring plan. The firm announced on Wednesday that it was eliminating about 24% of its workforce, or over 250 jobs, as it restructures departments and consolidates teams amid a tough housing market. Per the firm, this round of layoffs will include cuts to some leadership and managerial roles.

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Want to crush it in real estate in 2023? Get ready to be the educator

Inman

Real estate agents should prepare to point consumers toward information that will help them navigate a return to a normal, slower market, Anthony Lammachia said at ICNY on Wednesday.

Agents 174
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Guaranteed Rate offering up to $8K in assistance to underserved buyers

Housing Wire

Chicago-based mortgage lender Guaranteed Rate launched a new program this week that will provide up to $8,000 in assistance to potential first-time homebuyers from underserved communities. The initiative, called the Special Purpose Credit Program, aims to help homebuyers with down payments, deposit minimums, and move-in repair and maintenance costs. “This program helps tear down these barriers and open more doors to the houses, neighborhoods, and lifestyles of our customers’ dreams,

Equity 397
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Tell us about your best day ever (in real estate): Pulse

Inman

From your first day on the job to your biggest listing, we want to hear about your best day ever in real estate.

Agents 174
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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Digital lender Better.com rolls out one-day mortgage program

Housing Wire

Embattled digital lender Better.com launched a program that will allow customers to apply for a mortgage, get pre-approved, lock their rate and receive a mortgage commitment letter within 24 hours. The official rollout of the program, dubbed “One Day Mortgage,” comes after Better.com launched it in beta to a small segment of its customers in the second week of January.

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In luxury, agents have to level up their brand

Inman

"It's a different lifestyle, it's a different language," Cindy Raney of the Cindy Raney & Team told attendees at ICNY on Wednesday about luxury — and that luxe clients appreciate attention to the details.

Branding 167
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Rumors, rumors everywhere, but no Wells Fargo MSR deal — so far

Housing Wire

Market speculation that Wells Fargo is contemplating a huge bulk sale of mortgage servicing rights (MSRs) may well be a case of a rumor that is all hat and no cattle. Or it could signal a future MSR-market stampede. To date, no Wells Fargo bulk MSR public offering has surfaced, market observers say. That doesn’t rule out that the banking behemoth might still have a such a deal in the works, however.

Banks 395
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Anywhere Brands Sue Yannacone: Align with bigger franchises to win

Inman

Anywhere Brands President Sue Yannacone argued at Inman Connect New York on Wednesday that franchising helps brokerages scale up, and gives them tools they couldn't otherwise access.

Branding 167
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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

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A top producing loanDepot team heads to Revolution Mortgage

Housing Wire

About 25 people from loanDepot ’s top producing team have joined boutique lender Revolution Mortgage to reunite with their former team lead. Roughly half of the team led by Stacy Chevalier, former area manager covering parts of the states in Washington and Idaho at loanDepot, made the transition as of Tuesday, Chevalier said in an interview with HousingWire.

Mortgages 370
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Data and multiple listing services: A love story?

Inman

Speakers at Inman Connect New York on Tuesday urged MLSs to adopt new datasets and make sure to share them in ways that are useful to agents and consumers.

Agents 167
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Do These 7 Gardening Tasks Now To Ensure Your Spring Garden Will Thrive

Realtor.com

Photo courtesy of Haver & Skolnick LLC Architects via Houzz Gardening in the winter might seem like a futile task, especially if you live in an area that experiences frigid temperatures and consistently wet weather. But smart gardeners know that minding their garden is a year-round job, even if they’re not actively digging in the dirt. Spring is right around the corner, and there’s no time like the present to start implementing your seasonal gardening strategy.

Design 115
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The Umanskys dish on work-life balance and life as reality stars

Inman

"It's great brand-building," CEO Mauricio Umansky said of his family's new real estate reality TV show, "Buying Beverly Hills." "But more than the brand building, it was just meant to have a lot of fun.

Branding 167
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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

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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Stuck Inside? 6 Easy Winter DIY Projects To Spruce Up Your Space

Realtor.com

Getty Images Chilly winter weather means you’re likely spending lots of time indoors. And we hope you’re staying cozy (perhaps by your wood-burning stove ). But once you shake off that long winter’s nap, you might want to tackle a few projects around the house. And while it could be tough to get excited about adding chores to your to-do list, these aren’t the same tedious tasks you’ve been avoiding since last summer.

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3 steps to getting comfortable on camera — and winning clients

Inman

Social media coach Chelsea Peitz shared a 3-step plan for agents looking to find their voices in a video format at Inman Connect New York on Wednesday.

Agents 167
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CoStar’s rumored $3B deal for Realtor.com “seems a little low,” Spencer Rascoff says

Real Trends

CoStar appears to be looking to up its residential real estate game. The commercial real estate giant is in talks to acquire Realtor.com parent firm Move Inc. from News Corp., according to a report on Tuesday from Reuters. The report cited three anonymous sources and confirmation of the news from News Corp., but noted that there is no guarantee a deal will actually go through.

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Localize to expand its AI tools for agents to more markets in 2023

Inman

A company that powers the home search for buyers using artificial intelligence, generating leads for agents, will enter new markets this year CEO Omer Granot said on Wednesday at Inman Connect New York.

Agents 167
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The Broker Action Plan for the Post-NAR Lawsuit Landscape

Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

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Rethinking Residential Property Management in 2023 with Economic Historian Dror Poleg

App Folio

What does 2023 have in store for the residential real estate market? It may seem at first glance that the.

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Authentic marketing helped launch the careers of these 3 agents

Inman

Matt Lionetti and Tyler Whitman, of The Agency, and Sarah Desamours, of Douglas Elliman, shared their strategies for authenticity on social media with attendees at Inman Connect New York on Wednesday.

Agents 167
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Will CoStar Acquire Realtor.com?

Broke Agent Media

BAM Key Details: The real estate world is buzzing with news of an acquisition that would signify an open challenge to Zillow. The question: Will CoStar acquire Realtor.com? Three anonymous sources have spread the rumor that Rupert Murdoch is in talks to sell Move Inc, the parent company of Realtor.com, to CoStar Group. The real estate world is buzzing with news of a potential acquisition that would signify an open and nationwide challenge to Zillow.

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Spencer Rascoff on CoStar-Move Inc. rumors: ‘$3B seems a little low’

Inman

Pioneers of consumer-first online home search weighed in from Inman Connect New York on rumors that CoStar has approached News Corp about purchasing Realtor.com parent, Move Inc.

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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

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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Guide to Selling a House With Fire Damage

HomeLight

No one likes to be woken up by the sound of a smoke detector going off. Of all the horrible things that could happen to your home, a house fire is among the most serious. It’s particularly devastating if you were hoping to sell your home soon, because now you’re worried about the challenges of selling a house with fire damage. According to the National Fire Protection Association (NFPA), 356,500 home structure fires were reported in 2020, causing a staggering $8.4 billion in property damages.

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‘Profitability above growth is the priority of the moment’

Inman

At Inman Connect New York on Tuesday, a trio of finance executives seemed bearish on the state of proptech funding but bullish on its future.

Finance 167
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Homebuyer Confidence Increases — Is The Housing Market Rebounding?

Bigger Pockets

Prospective homebuyers are getting a little more hopeful that mortgage rates will come down, and a greater share is feeling confident that it’s a good time to buy a home, […]

Marketing 102
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Vishal Garg is back, with plan to save Better: The ‘One Day Mortgage’

Inman

Comparing himself to Henry Ford and Elon Musk, CEO says he's reconfigured Better's assembly line to crank out mortgages in a single day.

Mortgages 158
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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.