Housing Wire

JULY 13, 2023

Non-qualified mortgage (non-QM) lender NewFi Lending has launched a correspondent lending channel at a time when originators are fighting to grab production volume. “Non-QM product offerings are critical to any mortgage bankers’ offerings in today’s market. Newfi is leading the way in terms of innovation and service for these originations,” Dan Bayer, SVP of non-QM development and strategy, said in a statement.

Lending 367

Lending Banks Loans Mortgages 367

Real Estate News

JULY 13, 2023

Prefab homes don't have the sexiest reputation, but modern styles mimic traditional homes — and could make homeownership more attainable.

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Housing Wire

JULY 13, 2023

Mortgage rates continued rising for the third consecutive week, increasing to 6.96%, the highest level since November 2022. The uptick in mortgage rates came amid positive inflation news – the consumer price index rate showed cooling prices in June, rising just 3.0% from a year ago, the smallest annual increase since March 2021. However, it is unlikely to be enough to prevent an additional rate hike at the next Federal Open Markets Committee meeting on July 25-26.

Mortgages 366

Mortgages Closing MLS Loans 366

Real Estate News

JULY 13, 2023

Mortgage rates jumped for the third week in a row and are hovering near 7%, but lower-than-expected inflation could mean the economy is normalizing.

Mortgages 237

Mortgages 237

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Agents

Housing Wire

JULY 13, 2023

New York City-based title insurance agency Kensington Vanguard National Land Services, LLC. is the latest title firm to come under fire from New York Attorney General Letitia James for business practices that “reduce competition and negatively impact wages and opportunities for workers,” according to an announcement on Wednesday. An investigation by James’ office found that Kensington had entered into illegal no-poach agreements with several of its title underwriters, who also independently sell

Land 352

Land Title Industrial As-is 352

Keeping Current Matters

JULY 13, 2023

Even as some companies transition back into the office, remote work remains a popular choice for many professionals.

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209

Inman

JULY 13, 2023

Tune in to Inman Access and discover the untold experiences and lessons that have shaped the remarkable career of real estate icon Sherry Chris in an exclusive interview with Andrew Flachner.

Brokerage 147

Brokerage Agents 147

Housing Wire

JULY 13, 2023

AG Mortgage Investment Trust, Inc. entered into a dispute with Terra Property Trust, Inc. for Western Asset Mortgage Capital Corp., the company announced on Thursday. AG Mortgage, a pure-play residential mortgage REIT controlled by Angelo Gordon & Co. and owner of mortgage lender ARC Home , made a stock-and-cash offer for its peer Western Asset, managed by Franklin Resources, Inc.

Mortgages 343

Mortgages Residential Property Management Closing 343

Inman

JULY 13, 2023

Most borrowers who have granted their mortgage lenders permission to verify their income and employment won't have to confirm the request a second time with their employer's payroll provider.

Mortgages 127

Mortgages Technology 127

Housing Wire

JULY 13, 2023

The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s 2023 HW Vanguards are open until, July 28, 2023. Click here to nominate someone from your organization, today. Each year, HousingWire’s prestigious Vanguard award recognizes the c-suite leaders in housing who are making an impact on the industry at large.

Lending 330

Lending Mortgages Industrial As-is 330

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Loans

Inman

JULY 13, 2023

Technology company Entrata, which builds an end-to-end business solution for the multifamily sector, has acquired industry colleague Rent Dynamics in an all-cash nine-figure deal, according to Entrata.

Technology 126

Technology Industrial 126

RIS Media

JULY 13, 2023

It’s no secret the current state of the market has made homebuying a real challenge for most. High prices, high mortgage rates, and low supply have put a lot of strain on potential buyers. With these challenges, where should homebuyers look to buy, and where should they avoid? SmartAsset’s new report examined housing price growth… The post The Most and Least Expensive Housing Markets appeared first on RISMedia.

Marketing 98

Marketing Mortgages Industrial 98

Inman

JULY 13, 2023

With Fannie and Freddie leading the charge, a growing number of lenders are using special purpose credit programs to boost homeownership in underserved communities.

Lending 124

Lending Banks Mortgages 124

RIS Media

JULY 13, 2023

There is no disputing the fact that we live in a fast-paced, ever-changing digital world today. Whether you love it or hate it, you cannot escape it. Equally important is acknowledging, as has been repeatedly noted, that a picture can be worth a thousand words. Translated to today’s language, it means that showing is better… The post 6 Social Media Tips for Luxury Real Estate Professionals appeared first on RISMedia.

As-is 98

As-is Industrial Agents Marketing 98

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Sales

Inman

JULY 13, 2023

Find out how this Florida broker learned that getting your license is the easiest part of the real estate business.

Brokerage 148

Brokerage 148

Brownstoner

JULY 13, 2023

Got a project to propose for The Insider? Contact Cara at caramia447 [at] gmail [dot] com The top floor of a two-unit limestone townhouse, home to a young family of three, badly needed reinvention. "It had a strange, maze-like floor plan," recalled architect Andrea Fisk of Shapeless Studio, which took on the task… Read More > The post The Insider: Prospect Lefferts Gardens Unit Set Apart by Unusual Shapes, Colors, Materials appeared first on Brownstoner.

Renovation 98

Renovation 98

Inman

JULY 13, 2023

Smart cities have the potential to fundamentally change our lives. This potential will only continue to develop and create a brighter future for all.

Development 126

Development Marketing Agents 126

RIS Media

JULY 13, 2023

Amid recent headlines of high-profile retirements and leadership shake-ups in the industry, Keller Williams is welcoming one of its former leaders back into the fold—albeit in a new capacity—and laying a previous legal conflict that spawned over a year ago to rest. Keller Williams, the Texas-based real estate franchisor and world’s largest residential real estate… The post Former Keller Williams CEO Returns to Company After Legal Drama Ends appeared first on RISMedia.

Residential 98

Residential Industrial Technology Agents 98

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

JULY 13, 2023

It doesn't matter that there are fewer buyers to compete against. Rising mortgage rates and depleted inventory continue to erode options.

Mortgages 128

Mortgages Marketing 128

RIS Media

JULY 13, 2023

Barbara Wolcott Chairman and CEO Berkshire Hathaway HomeServices RW Towne Realty Virginia Beach, Virginia [link] Region served: Southeast Virginia and Northeast North Carolina Years in real estate: 54 Number of offices: 22 Number of agents: 750 Favorite part of your job: Working with the agents. Describe the current consumer-confidence climate in your area.

Agents 97

Agents Industrial 97

Inman

JULY 13, 2023

Consulting firm McKinsey & Company has found that pandemic-induced hybrid work is here to stay, for better or worse, ensuring permanent consequences for real estate agents in larger cities.

Agents 110

Agents Industrial Marketing 110

RIS Media

JULY 13, 2023

Editor’s Note: The Playbook is an RISMedia biweekly segment centering on what brokers and agents are doing to ensure they not only survive but thrive in these challenging times. Industry professionals explain the strategies they’re employing and unique ideas they’ve formulated. Tune in every other Thursday for another addition to the series. If you’re a new… The post THE PLAYBOOK: Deciding to Be a Buyer’s or Seller’s Agent appeared first on RISMedia.

Agents 97

Agents Industrial Development MLS 97

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

JULY 13, 2023

The power of the HOA may be over in some areas where personal preference and environmental concerns are ruling the day.

Staging 127

Staging Agents Marketing 127

RIS Media

JULY 13, 2023

The 30-year fixed-rate mortgage (FRM) averaged 6.96% this week, up from 6.81% last week, according to the latest results of the Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers 30-year fixed-rate mortgage averaged 6.96% as of July 13, 2023, up from last week when it averaged 6.81%. A year ago… The post Mortgage Rates Jump for Third Straight Week appeared first on RISMedia.

Fixed-rate mortgage 96

Fixed-rate mortgage Mortgages Marketing Industrial 96

Inman

JULY 13, 2023

There's a desperate need for more housing inventory in the country, but Dr. Lee Davenport points out that developers must still follow the rules and respect the rights of others.

Development 99

Development Land Agents Marketing 99

RIS Media

JULY 13, 2023

Stellar MLS, the largest MLS in Florida, has announced a collaboration with Georgia-based First MLS (FMLS) and Mobile’s Gulf Coast MLS (GCMLS). The MLSes have entered into a three-way data-sharing agreement. GCMLS customers can now view Stellar MLS property data from Florida and Puerto Rico in their MLS system. Likewise, Stellar customers will have complimentary… The post Stellar MLS Announces Data-Sharing Pact appeared first on RISMedia.

MLS 96

MLS Industrial 96

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Agents

Calculated Risk Real Estate

JULY 13, 2023

Yesterday, in Part 1: Current State of the Housing Market; Overview for mid-July I reviewed home inventory and sales. FHFA’s National Mortgage Database Q1 2023 Here is some data from the recently released FHFA’s National Mortgage Database showing the distribution of interest rates on closed-end, fixed-rate 1-4 family mortgages outstanding at the end of each quarter since Q1 2013 through Q1 2023.

Principal 97

Principal Marketing Mortgages Loans 97

RIS Media

JULY 13, 2023

There’s a reason Bess Freedman, CEO of Brown Harris Stevens, is seen fairly regularly on cable news networks. She has her pulse on the residential real estate market and enjoys sharing her knowledge and opinions. Indeed, she will be participating in two panels during RISMedia’s 2023 CEO & Leadership Exchange, taking place at the Mayflower… The post In the News: CEO & Leadership Exchange Panelist Bess Freedman Bullish on the Future appeared first on RISMedia.

Residential 93

Residential Marketing Development Industrial 93

Eye on Housing

JULY 13, 2023

According to the latest Producer Price Index report, the price level of inputs to residential construction less energy (i.e., building materials) was unchanged in June 2023 (not seasonally adjusted). March 2023 was the last month prices increased. The index has gained 0.5%, year-to-date, and has not increased 1% or greater in any month since March 2022.

Construction 94

Construction Residential 94

Seattle Times Real Estate

JULY 13, 2023

Seattle ranks third highest for renter income among the most affluent large U.S. cities, FYI Guy writes. That money can open the door to some pretty swanky apartments.

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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