Housing Wire
AUGUST 31, 2023
Mortgage rates ticked down modestly after job openings data for July came out yesterday, but rates remain elevated. Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.18% as of Aug. 31, down from last week ’s 7.23%. By contrast, the 30-year fixed-rate mortgage was at 5.66% a year ago at this time.
Keeping Current Matters
AUGUST 31, 2023
Have you ever wondered how inflation impacts the housing market?
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Housing Wire
AUGUST 31, 2023
The pile of lawsuits facing Gary Keller and the real estate firm he co-founded, Keller Williams , just got larger. Former KW CEO John Davis filed his second lawsuit against the firm on Wednesday in the Western District of Texas. In the filings, which name Keller Williams , Keller, former KW president Josh Team, Business MAPS Ltd. and Business MAPS Management LLC as defendants, Davis alleges that the defendants inflated key profitability metrics including company sales and profits to convince ind
Real Estate News
AUGUST 31, 2023
NAR leaders affirmed Bob Goldberg as CEO during an emergency meeting days after the association’s president resigned following sexual harassment allegations.
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Housing Wire
AUGUST 31, 2023
Intercontinental Exchange (ICE) received the green light to move forward with its acquisition of Black Knight after the Federal Trade Commission (FTC) accepted a binding settlement. Under the agreement, both firms will divest Black Knight’s loan origination system (LOS) Empower business and product and pricing engine (PPE) unit Optimal Blue to a subsidiary of Constellation Software Inc, the FTC said in a release on Thursday.
Real Estate News
AUGUST 31, 2023
Following the Lahaina wildfires, "predatory capitalism" has taken hold in the historic community as locals are faced with the decision to rebuild or sell.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
AUGUST 31, 2023
The 30-year fixed-rate mortgage averaged 7.18% this week, dropping for the first time in five weeks.
Housing Wire
AUGUST 31, 2023
Encompass Lending Group , a subsidiary of real-estate services platform Fathom Holdings, has acquired Austin, Texas-based Elite Financing Group, the company announced Thursday. Terms of the deal were not disclosed. Elite Financing Group will operate under the umbrella of Cary, North Carolina-based Encompass, which has a presence in the Dallas-Fort Worth area.
Real Estate News
AUGUST 31, 2023
A survey of buyers found that trustworthiness and the ability to provide high-value services were key to landing — and keeping — them as a client.
Housing Wire
AUGUST 31, 2023
Core inflation met consensus expectations today, with goods prices declining and shelter inflation continuing to moderate, said Zillow Senior Economist Orphe Divounguy. The personal consumption expenditures (PCE) price index, excluding food and energy, rose 0.2% in July after increasing 0.2% in June , the Commerce Department said Friday. Meanwhile, core PCE — the Federal Reserve ’s preferred inflation gauge — also rose 0.2% month-over-month.
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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.
Inman
AUGUST 31, 2023
Strategically positioning yourself and evaluating your performance with the metrics that matter will put you ahead of the competition, according to consultant Diana Zaya.
Housing Wire
AUGUST 31, 2023
In what is perhaps the most traditional sector of housing, change has arrived. However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. How do the solutions work? Why do we need them? Who is eligible to take advantage of them? And as a loan officer (LO), why should I care? We’re here to answer those questions, specifically with you in mind, LOs.
Inman
AUGUST 31, 2023
Phoenix, Las Vegas and other Sunbelt metro areas saw the biggest slowdowns in investor activity as high rates and low demand cooled activity nationwide, according to reports.
Housing Wire
AUGUST 31, 2023
NexTier , the holding company of NexTier Bank , will acquire Mars Bancorp , the holding company of Mars Bank. Terms of the deal were not disclosed. The combined company and branch locations will operate under the NexTier Bank brand, both banks said in a release Thursday. With the acquisition, NexTier Bank will have total assets in excess of $2.6 billion.
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Inman
AUGUST 31, 2023
In addition to selling Empower and Optimal Blue, the FTC consent order would require ICE and Black Knight to seek prior approval before acquiring an interest in another loan origination system.
Housing Wire
AUGUST 31, 2023
New York-based asset management firm Sculptor Capital Management said Wednesday it rejected an improved bid from a group of investors. Sculptor said it still prefers the deal with Rithm Capital due to the closing certainty. “The Special Committee has not concluded that the Consortium’s most recent revised proposal constitutes a superior proposal or is reasonably expected to lead to a superior proposal (as defined in the Company’s merger agreement with Rithm Capital Corp.),̶
Inman
AUGUST 31, 2023
Find out how this player from the international tennis circuit made the switch to the no-less-competitive real estate industry.
RIS Media
AUGUST 31, 2023
Septic systems are essential for homes not connected to municipal sewage systems. Potential home buyers from properties with public sewers need to know there is a difference. Properly maintaining these systems is crucial to ensure their longevity and prevent costly repairs. Regular septic system maintenance, inspection, and tank pumping can help prevent backups, leaks, and… The post What to Do For Septic System Maintenance appeared first on RISMedia.
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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.
Inman
AUGUST 31, 2023
The company's quick turnaround of marketing assets is ideally designed to complement the urgency-based system 72SOLD leverages to promote listings, said co-founder of BoxBrownie Brad Filliponi.
Bigger Pockets
AUGUST 31, 2023
Buying a house in the 2023 real estate market is already exhausting.
Inman
AUGUST 31, 2023
In a memo to employees, Redfin CEO Glenn Kelman said the 15-year veteran of the company will serve as an advisor after his final day on Sept. 8. Redfin has no plan to fill the vacated position.
Coldwell Banker
AUGUST 31, 2023
Online voting honoring community service starts Aug. 31 The post Karen DeMarco is Finalist for National Association of Realtors® Good Neighbor Award appeared first on Coldwell Banker Blue Matter.
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Inman
AUGUST 31, 2023
The Mark Seiden Real Estate Team is partnering with Howard Hanna Rand Realty, increasing the latter's influence north of New York City, according to an announcement.
Bigger Pockets
AUGUST 31, 2023
The FIRE community is notorious for chasing early retirement at all costs.
Inman
AUGUST 31, 2023
The future is here, writes Jimmy Burgess, and AI is the vehicle. Take advantage of the opportunities it provides for smart growth in every area of your real estate business.
Bigger Pockets
AUGUST 31, 2023
Philadelphia made our 2023 top cash flow market list, but a lot has changed since the beginning of the year. With rising rates, is it still worth investing here? Read more to find out.
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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.
Inman
AUGUST 31, 2023
Is this mini-floorplan a sign of "shrinkflation" in housing? This month, the internet weighed in on Lennar's idea of affordability at a tiny-home community in San Antonio.
Brownstoner
AUGUST 31, 2023
Barely visible behind a screen of overgrown trees and shrubbery, the individually landmarked Elias Hubbard Ryder House is in jeopardy after a full vacate order was issued on the building earlier this summer. Unpermitted construction work compromised the footings of a rear sun room, causing a partial collapse and compromising… Read More > The post Unpermitted Work Threatens Stability of Landmarked Elias Hubbard Ryder House appeared first on Brownstoner.
Inman
AUGUST 31, 2023
Tune in to this week's Inman Access classes as experts discuss how to better attract luxury buyers and sellers and what the future of innovation in the industry looks like.
Coldwell Banker
AUGUST 31, 2023
Extra, extra! Read the Top 10 news items that ran in August about Coldwell Banker and its stellar agents. This is just a sampling of the 1,000+ mentions that occur every month. The post Top 10 Coldwell Banker Stories of the Month – August 2023 appeared first on Coldwell Banker Blue Matter.
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