Tue.Feb 14, 2023

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Will hotter inflation send mortgage rates back over 7%?

Housing Wire

Given the hotter inflation reported in Tuesday’s CPI data , can mortgage rates go above the 2022 peak of 7.37%? Initially the 10-year yield fell after the report, then rose higher, only to fall back down again. For all the hype around today’s stock market close, it was a dud of a Valentine’s date if you ask me. A lot of times, on days when big economic reports are released, you can get wild intraday action but not have much happening by the end of the day.

Mortgages 481
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Corcoran's Pam Liebman: 'We want people to live their best life on their terms'

Real Estate News

During Liebman’s two decades of leadership, Corcoran has grown from a boutique firm to a national franchise with plans to expand into Europe.

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Tim Bowler named president of ICE Mortgage Technology

Housing Wire

Timothy Bowler, president of Intercontinental Exchange, Inc. Benchmark Administration (IBA) , will take on a new role as president of ICE Mortgage Technology starting on March 1. Bowler will be in charge of ICE’s business segment, which is focused on automating elements of the mortgage industry and delivered a revenue of $1.1 billion in 2022, the firm said Tuesday.

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Why It’s Easy To Fall in Love with Homeownership

Keeping Current Matters

No matter how the housing market changes, there are some things about owning a home that never change—like the personal benefits it can provide. When you own your home, you likely feel a sense of attachment because of the comfort it gives and also because it’s a space that’s truly yours.

Marketing 186
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3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

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Inflation cooled again in January in a bumpy downward trend

Housing Wire

Consumer prices continued to climb in January, but they rose at the lowest yearly pace recorded since October 2021, according to data released Tuesday by the Bureau of Labor Statistics (BLS). This is welcome news for the Federal Reserve , which is continuing to raise interest rates in an attempt to curb inflation via consumer spending. The Consumer Price Index rose by 6.4% in January compared to a year ago.

MLS 383
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Realtor.com to amplify agent reviews through partnership

Real Estate News

The consumer portal is partnering with RateMyAgent, whose participating agents can boost their visibility to Realtor.com's 86 million monthly users.

Agents 188

More Trending

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Real Tea: ‘Buying Beverly Hills’ agents dish on rookie mistakes

Inman

Netflix's "Buying Beverly Hills" centers around rookie agents and their high-profile team leaders and mentors at The Agency. From mispronouncing finishes to being ill-prepared for showings, these agents dish on learning the tough lessons while being filmed for reality TV.

Agents 155
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CHLA wants small IMBs exempt from proposed CFPB registry rules

Housing Wire

The Community Home Lenders of America (CHLA) wants small banks to be exempted from the proposed rules from the Consumer Financial Protection Bureau ( CFPB ) that order registry for nonbank financial services providers. In December, the CFPB published a proposed rule that would require certain nonbank covered entities to report certain public agency enforcement actions and court orders for publication in a nonbank registration system (NBR) – a publicly available, online database.

Banks 382
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Fresh off Super Bowl baby bump, Rihanna’s starter home hits market

Inman

The seven-bedroom Beverly Hills home was also occupied by John Legend and Chrissy Teigen from 2016 to 2021. After an initial unsuccessful offering of $19.25 million, the current owner is attempting to offload it at a loss.

Marketing 146
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HousingWire February Demo Day: Qualia

Housing Wire

Qualia The Qualia technology infrastructure for title & escrow companies, lenders, title insurers, and service providers enables each party to complete their own unique tasks required for a closing and exchange information in real time, standardize and automate back-and-forth workflows, and collaborate with one another in a way never before possible.

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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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Airbnb notches first profitable full year as demand surges, rates fall

Inman

The short-term rental platform posted $1.9 billion in profits and $8.4 billion in revenue in 2022, a 40 percent surge from a year earlier, according to executives during a full-year and 4Q earnings call Tuesday afternoon.

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Struggling mortgage shop Celebrity in M&A talks with On Q Financial: sources

Housing Wire

Six months after shutting down its correspondent lending division, Illinois-based mortgage company Celebrity Home Loans ‘ bread-and-butter retail channel is also at risk, multiple sources told HousingWire. According to former employees and business partners, several Celebrity’s retail branches transitioned to another lender in December and January.

Mortgages 370
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KW mega team Livian grows with Southeast merger

Inman

The three combined teams add 20 agents with more than 4,500 real estate transactions under their belts to Livian's roster, according to the company.

Agents 152
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Former Emerging Leader honoree Joshua McGrath talks career trajectory and the current market

Housing Wire

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 Rising Stars are open now through Friday, February 24, 2023. Click here to nominate your organization. In its tenth year, the HW Rising Stars award celebrates up-and-coming leaders in housing who are making their mark on the industry in a big way.

Marketing 370
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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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RateMyAgent, Realtor.com forge review publishing partnership

Inman

Realtors who use the review facilitation solution RateMyAgent can now send their customers' feedback to the trade group's home search portal Realtor.com.

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How retaining servicing provides a competitive advantage

Housing Wire

Managing a profitable mortgage business can be challenging in the best of markets. When rising interest rates and plummeting affordability decimate loan applications, it’s even more difficult. Mortgage servicing rights (MSRs) are valuable assets for mortgage lenders when origination business is slow. Maintaining the servicing rights of loans originated by the lender is equally as important as those acquired through a purchase.

Loans 370
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These Inman Connect sponsors will help the industry turn a corner

Inman

We asked select sponsors to share what draws them to be a part of Inman Connect Las Vegas 2023 — and what attendees can expect from them this summer.

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HousingWire February Demo Day: Insellerate

Housing Wire

Insellerate Modern CRM, Engagement & Customer Intelligence Platform Insellerate helps loan officers close more loans with our award-winning modern CRM, Lead Management, and Engagement platform, which handles all your lending channels, retail, wholesale, TPO, Consumer Direct, and Reverse. Our advanced APIs allow seamless connectivity to your tech stack, and our native mobile application enables loan officers to work on their files from anywhere at any time.

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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

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.

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Rocket CEO Jay Farner, who led company’s 2020 IPO, retiring June 1

Inman

Former Rocket Mortgage CEO Bill Emerson will serve as the company's interim CEO while its board of directors conducts a search for a permanent leader.

Mortgages 132
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Digital Marketing Agency Marketer.co, Expands Phoenix Arizona

Realty Biz

Digital marketing agency , Marketer.co, is proud to announce the expansion of their local marketing services into the Phoenix, Arizona market. With this move, they will be able to provide their clients with customized solutions that help them reach and engage with their target audiences in an effective way. This new development also allows Marketer.co to leverage local knowledge and resources while still providing a global perspective on digital marketing trends.

Marketing 113
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Presale renovator Revive acquires HomePrep as it eyes the East Coast

Inman

Revive has acquired HomePrep outside of Washington, D.C. in a continued nationwide expansion, executives told Inman exclusively. The company adds value with no up-front costs to homesellers.

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How Stable Will the Housing Market Be for 2023?

Realty Biz

Are you unsure of what to expect from the housing market in 2023? Experts predict that buyers will have more leverage in 2023, and they also predict a turnaround of the entire market as we head into 2024. As a homeowner, however, it’s hard to relax if you’re worrying about what the housing market might look like this coming year despite those hopeful predictions.

Marketing 109
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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

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.

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Three years into COVID, landlords grapple with what to do about rent

Inman

Leniency or government protections often kept rent below market rate and prevented evictions. Three years into the pandemic, property managers are deciding how to move forward.

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Single-Family Permits Declined 2022

Eye on Housing

For 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 972,180. On a year-over-year (YoY) basis, this is 12.5% below the 2021 level of 1,111,414. Year-to-date ending in December, single-family permits declined in all four regions. The South posted a decline of 10.4%, while the Western region reported the steepest decline of 15.9%.

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Opendoor shifts gears and slows homebuying

Inman

After a brutal Q3 in a rapidly shifting market, Opendoor has significantly slowed down its pace of home acquisitions.

Marketing 136
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Home Shopping Season Brings More Motivated Home Buyers

Broke Agent Media

BAM Key Details: As mortgage rates fall from their 2022 peaks and home prices come down from theirs, more sellers are returning to the market to meet increasing buyer demand. As rates drop, buyers signing up for a $3,000 mortgage payment can afford homes costing $60,000 more and roughly 84 square feet larger than October 2022. Winter may not technically be over, but home shopping season is just around the corner.

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5 Data Proven Ways Agents Can Do 18% More Business

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.

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Thirteen First-Time Home Buyer Mistakes to Avoid

Maximum Exposure Real Estate

13 Mistakes First-Time Buyers Make Do you know the most common first-time home buyer mistakes? If this is your first time buying a house, chances are you are feeling a little overwhelmed. There is a lot to learn, and it can feel like a bit of a juggling act—which can be hard to do when […] The post Thirteen First-Time Home Buyer Mistakes to Avoid appeared first on Maximum Real Estate Exposure.

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It’s Official: Announcing Tom Toole as an Exclusive BAM Creator

Broke Agent Media

Today is MONUMENTAL. Why? Because we just added Tom Toole as an exclusive BAM Creator. This is like when the Yankees signed CC Sabathia in 2008 or when the Broncos signed Peyton Manning in 2012. No, this is like when The Mighty Ducks peeled Adam Banks away from the Hawks to start their historic run as the greatest, most dynamic, entertaining team in hockey history.

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How to Pick The Mortgage Term

Maximum Exposure Real Estate

Tips For Choosing a Mortgage Loan Term Are you wondering what term of a mortgage you should choose? How do you know which mortgage loan term to choose? The length of your mortgage obviously will have a significant financial impact on your monthly expenditures. Like most people, you probably assume that mortgages are available in […] The post How to Pick The Mortgage Term appeared first on Maximum Real Estate Exposure.

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Slow Progress for Inflation

Eye on Housing

Consumer prices in January saw the smallest year-over-year gain since October 2021 with a seventh consecutive month of a deceleration. However, this disinflation pace was much slower than expected, partially because new methodology introduces higher weights for shelter and lower weights for food and energy to reflect changes in consumer spending in 2021.

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Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

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.