Realtor.com
FEBRUARY 6, 2023
Illustration by Realtor.com; Photos: Getty Images (2) Homebuyers who are closely watching the correction in the real estate market might believe now is a good time to pounce. After all, homes are sitting on the market for longer, those maddening bidding wars have dried up, and wild offers over the asking price are things of the past, right? Well, not exactly.
Housing Wire
FEBRUARY 6, 2023
Despite mortgage rates briefly falling below the 6% threshold, both housing inventory and mortgage demand fell last week. Let’s dive into the trend lines of the housing market. First, here is a quick housing market rundown from last week : Purchase application data was negative 10% week to week — but still positive for the year Housing inventory decreased by 8,664 units, a more extensive inventory decline than we saw in the prior week The 10-year yield had a wild week, and mortgage rates d
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Keeping Current Matters
FEBRUARY 6, 2023
Many of today’s homeowners bought or refinanced their homes during the pandemic when mortgage rates were at history-making lows. Since rates doubled in 2022, some of those homeowners put their plans to move on hold, not wanting to lose the low mortgage rate they have on their current house. And while today’s rates have started coming down from last year’s peak, they’re still higher than they were a couple of years ago.
Housing Wire
FEBRUARY 6, 2023
Home prices growth and mortgage rates have come down from the peaks in 2022, but affordability still remains a challenge. In turn, borrowers who are entering the market are leaning heavily toward buying down their first lien interest rates by paying points up front. In the third week of January, 57% of all borrowers who locked in rates paid at least a half-point, 44% paid at least a full point and nearly a quarter lowered their mortgage rates with buydowns of two points or more, according to Bl
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Inman
FEBRUARY 6, 2023
It’s no surprise that for today’s eco-conscious buyers, LEED-certified residences represent a prize like no other. However, for now, such homes are a rarity. Here’s a closer look at why that’s the case, and why it could be changing.
Housing Wire
FEBRUARY 6, 2023
America’s $13.3 trillion mortgage servicing sector shouldn’t be “disrupted” by financial technology, it should be reimagined with fintech. Most new-to-mortgage fintech folks who overuse the word “disruptor” will start by asking, “What are your requirements?” but that’s the wrong question. The right questions — asked by the right servicing fintech experts — clarify how to improve operational, customer service and compliance models.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
FEBRUARY 6, 2023
Home lender PrimeLending has promoted Kim Dybvad to lead its Mid-America division, months after the workforce quit en masse and joined a competitor. Dybvad, who joined the company in 2013 and is now a vice president, will be responsible for loan origination production in the Ohio, Indiana, Illinois, Michigan, Wisconsin and Kentucky markets. “Kim exhibits the very best attributes of a PrimeLending servant leader – passion, drive, tremendous industry knowledge and empathy,” said Karen Blakeslee, e
Inman
FEBRUARY 6, 2023
Good talent is out there. By taking a different approach to agent and staff recruitment, you can find amazing additions to your team or brokerage.
Housing Wire
FEBRUARY 6, 2023
The Mortgage Bankers Association (MBA) urged the Federal Housing Finance Agency (FHFA) to remove the addition of a debt-to-income loan level pricing adjustment (LLPA) in Fannie Mae and Freddie Mac ‘s pricing framework. In January, the FHFA made a series of changes to LLPA fees with a revamped LLPA matrix that differentiates pricing by loan purpose, with grids for purchase loans, limited cash-out refi loans, cash-out refinance loans.
Inman
FEBRUARY 6, 2023
TikTok user Nicole Rose posted a video of herself staring in stunned silence at the Kansas City apartment's pet policy, which requires a $200 one-time fee for pets, along with a $15 monthly fee.
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.
Housing Wire
FEBRUARY 6, 2023
Rocket Pro TPO , the wholesale arm of Rocket Mortgage , wants to court brokers from its competitor United Wholesale Mortgage even if it means covering legal costs to bring them over. “Starting today, we stand behind brokers who want to use Rocket or Fairway [Independent Mortgage Corporation] , but fear Mat Ishbia’s lawyers ,” Mike Fawaz, EVP of Rocket Pro TPO said at the lender’s Ignite Live sales event with brokers on Monday.
Inman
FEBRUARY 6, 2023
Whether you are on the hiring side or on the candidate side of the table, here are a few things to keep in mind when looking to partner with an agent or team.
NAR: Economic Outlook
FEBRUARY 6, 2023
All in the Family: Multi-Generational Home Buying Multi-generational buying is back near an all-time high at 14%. This is up from 11% in the 2021 report.
Inman
FEBRUARY 6, 2023
Tiny-homebuilding startup Boxabl has received $140 million in funding since its founding in 2017 and now has a waiting list of 160,000 tiny-home orders. How long will investors wait for homes to be delivered?
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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.
Eye on Housing
FEBRUARY 6, 2023
The median age of owner-occupied homes is 40 years, according to the latest data from the 2021 American Community Survey[1]. The U.S. owner-occupied housing stock is aging rapidly especially after the Great Recession, as the residential construction continues to fall behind in the number of new homes built. With a lack of sufficient supply of new construction, the aging housing.
Inman
FEBRUARY 6, 2023
Our partners are a critical part of those experiences, and value the opportunity to reach these power-players. We asked them for their impressions and takeaways from the event.
Realtor.com
FEBRUARY 6, 2023
Getty Images Home staging is a strategy that many sellers use to show off their property’s potential, and it’s one of the most important tasks you can do before putting your house on the market. Staging makes it easier for buyers to visualize the space as their future home, according to 82% of buyer’s agents surveyed for the National Association of Realtors® biennial Profile of Home Staging.
Inman
FEBRUARY 6, 2023
Brokers Robyn Kimura Hsu and Rachel Schindler have rejoined Realogics Sotheby's International Realty. The four-person Robyn + Rachel Group has a lifetime sales volume of $1.3 billion.
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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.
HomeLight
FEBRUARY 6, 2023
Like many homeowners, you may have recently received an envelope or email informing you that your homeowners insurance rate has gone up. Perhaps you received such news with resignation, or perhaps you read the new premium with a knot in your gut. Instead, maybe you’re getting ready to buy a home and, after seeing headlines about rising homeowners rates, you’re worried — wondering how much a policy will cost for your new home and whether there are ways to save money without skimping on protection
Inman
FEBRUARY 6, 2023
Building a culture that no one wants to leave isn’t easy, writes DEI expert Julia Lashay Israel. Here she shares the core pillars of an inclusive culture and how you can leverage them as components to take your brokerage to the top.
HomeLight
FEBRUARY 6, 2023
Enjoying this episode? Be sure to follow The Walkthrough to get future episodes delivered automatically: Apple Podcasts/iTunes | Spotify | YouTube About This Episode You want to take your business to that million-dollar level, but you’re already working around the clock. What if you could earn seven figures and work less? This week on The Walkthrough , Jess Lenouvel shares the system that will help turn your business into a machine that operates without you while you keep earning millions.
Inman
FEBRUARY 6, 2023
Homebuyers can put as little as 5 percent down when taking out a new construction loan, with one closing and an optional float-down to secure a lower interest rate, according to United Wholesale Mortgage.
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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.
Sotheby's International Real Estate
FEBRUARY 6, 2023
From a Mediterranean-style villa in Palm Beach Islands, Florida, to a mountaintop home in Lugano, Switzerland, these are this month’s four featured notable properties for sale over $10 million. Palm Beach Gardens, Florida Lynda Smith, Ariel Hortman | ONE Sotheby’s International Realty This Mediterranean-style villa features a gracious two-story entry with a grand sweeping stairway, high ceilings throughout, and stunning design details.
Real Trends
FEBRUARY 6, 2023
Ultra-luxury sales in 2022 were higher than pre-pandemic levels, according to a report by estate brokerage Compass. The report analyzed residential real estate transactions and sales volumes at $10 million and above across 53 markets in the U.S. The brokerage observed an “insatiable appetite for legacy properties” last year. Nearly 1,774 homes worth $10 million and above across those 53 markets traded for a total of $29.5 billion – an increase of 95.3% and 104.7%, respectively, from 2019.
Realtors Property Resource
FEBRUARY 6, 2023
Master these critical prospecting strategies to help you stand out from the competition, increase success, and close more deals. The post Outperform Your Competition With These 10 Prospecting Essentials appeared first on Realtors Property Resource (RPR).
Real Trends
FEBRUARY 6, 2023
Well, friends, Americans are buying houses this winter. Each week housing inventory is falling, and the pending sales are climbing. The market has fewer price reductions and more immediate sales each week. The market is not crazy hot like last year, but the data is irrefutable. I’ve been calling the trend “surprising,” but I’m no longer surprised because it has been so consistent.
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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.
Toronto Realty Blog
FEBRUARY 6, 2023
TorontoRealtyBlog For years, I dreamt of a remote starter for my car. Literally years. It’s really not all that complicated, however. You just take your car somewhere that installs these things, pay a few bucks, and voila! But despite the dreams and the simplicity of it all, I never actually took my car in and added this novel feature. I got a new car in the summer of 2022 and during the “delivery,” which I made them promise would take under three minutes, they asked me if I
Realtors Property Resource
FEBRUARY 6, 2023
Learn about the significant improvements made to the RPR Mobile™ app The post RPR app: Release Notes February 2023 appeared first on Realtors Property Resource (RPR).
Maximum Exposure Real Estate
FEBRUARY 6, 2023
Spring Home Maintenance Checklist Would you like a spring home maintenance checklist to ensure things around your property get taken care of? As a homeowner, you always have plenty to do to take care of your home. But there are better tasks during certain times of the year, and Spring is no exception. Some maintenance […] The post Checklist For Spring Home Maintenance: Tips You’ll Love appeared first on Maximum Real Estate Exposure.
Realtors Property Resource
FEBRUARY 6, 2023
See the latest updates to the RPR website. The post Release Notes: February 2023 appeared first on Realtors Property Resource (RPR).
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