Housing Wire
AUGUST 9, 2023
With home sale transactions down, fraudsters are turning to mortgage payoff fraud to secure bigger payouts. Mortgage payoff fraud occurs when a title company mistakenly sends a mortgage payoff to a fraudulent bank account after receiving wiring instructions that appear to be from the mortgage servicer. The instructions, however, are actually from fraudsters.
Keeping Current Matters
AUGUST 9, 2023
Buying a new construction home can be an exciting experience.
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Housing Wire
AUGUST 9, 2023
UWM Holdings Corporation , the parent of United Wholesale Mortgage (UWM), was another mortgage lender that returned to profitability in the second quarter of 2023, just like its primary competitor Rocket Companies and the origination segments of Mr. Cooper and Pennymac. UWM’s performance was boosted by an increase in the fair value of mortgage servicing rights ( MSRs ) and higher origination volumes, despite lower margins from April to June, per documents filed with the Securities
Real Estate News
AUGUST 9, 2023
A new analysis of federal data found that the racial home appraisal gap has narrowed since the formation of the PAVE task force.
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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.
Housing Wire
AUGUST 9, 2023
The advent of artificial intelligence (AI) has been sending shockwaves across nearly every industry, and real estate is no exception. While our industry is notorious for its lethargic adoption of new technologies, it is inevitable that AI will reshape many of the traditional and archaic processes that exist today. Those unwilling to embrace and adopt these cutting-edge tools will likely be left behind.
Real Estate News
AUGUST 9, 2023
Despite a net loss of just over $4M, the company increased revenue by 65% and reported EBITDA profits for the first time, while also doubling agent count.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Inman
AUGUST 9, 2023
"Stop interviewing," Cheplak urged. "You need to interrogate." The real estate coach and leadership expert shared advice Wednesday at Inman Connect Las Vegas.
Housing Wire
AUGUST 9, 2023
The last few years have been a proving ground for lenders in a major way. The market has swung from record-low mortgage rates and high purchase volumes to a refi boom to lower volumes and rate increases alongside inflation. Lenders have had to adapt quickly not only to the market conditions but to adjust their company culture to survive, implementing policies like remote work.
Inman
AUGUST 9, 2023
Judge Patti Saris, of the U.S. District Court in Massachusetts, said she "loved" the commission rule changes the deal includes, but didn't think the litigation fund was fair for plaintiffs.
Housing Wire
AUGUST 9, 2023
Despite a 18% annual decline in purchase title orders opened per day in Q2 2023, Fidelity National Financial executives believe housing demand remains strong. “We’ve seen solid sequential growth with residential purchase open orders per day up in both Q1 and Q2 and even holding strong in the month of July, which is not a typical since orders usually crest heading into the back half of the year,” Mike Nolan, Fidelity’s CEO, told investors and analysts on the firm’s second quarter earnings call We
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.
Inman
AUGUST 9, 2023
"There needs to be a little more respect" between real estate agents and loan officers, panelists Padi Goodspeed, Kathy Helbig-Strick and Katie Sweeney discussed at Inman Connect Las Vegas.
Housing Wire
AUGUST 9, 2023
There are thousands of methods to motivating a team. Today’s leaders have been inundated with resources centered on various approaches, doctrines, mantras, etc. advising them on how best to influence and empower. Authoritative, collaborative, transactional, democratic or laisses-faire, it must align with a leader’s working style as well as the working styles that exist within their respective cohorts.
Inman
AUGUST 9, 2023
At Inman CEO Connect, Russ Cofano, James Dwiggins and Greg Robertson debated the changes that agents and brokers may see as a result of homeseller lawsuits and government interference.
Housing Wire
AUGUST 9, 2023
“Life is all about transitioning from one stage to the next. Everything is always a transition,” said Chad Hedrick, founder of the Gold to Sold Group and former Olympic speed skater. Hedrick and his team provide the best possible service to the luxury real estate market in Houston, Texas. He founded the Gold to Sold Group in 2017, and the organization now represents the “gold standard” in the Houston housing market.
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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.
Inman
AUGUST 9, 2023
Deep into the nitty-gritty of what it's like to be a brokerage in this market, at CEO Connect - George Canciobello, Kymber Menkiti and moderator Clelia Peters talked what it takes to keep talent happy today.
Housing Wire
AUGUST 9, 2023
Mortgage applications fell for the third consecutive week as the 30-year fixed mortgage rate rose to its highest level since November 2022 at 7.09%. For the week that ended August 4, mortgage applications fell 3.1% from the prior week , according to data from the Mortgage Bankers Association. Last week, treasury yields rates and mortgage rates rose.
Inman
AUGUST 9, 2023
At ICLV, the social media consultant offered a prescription for using AI and ChatGPT in your real estate business, from marketing to customer service to automated lead gen.
Housing Wire
AUGUST 9, 2023
Large banks have historically been the rulers of the jumbo market. Economic conditions, however, are opening up space for new entrants eyeing market share. This is because surging mortgage rates , upcoming regulatory changes and regional bank collapses have forced large depositories to pull back. Their retreat opens up opportunities for rival firms to grab market share.
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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 9, 2023
Loan officers and assistance programs are just 2 ways to close the knowledge gap, Zillow Senior Economist Orphe Divounguy and Rocket President Tim Birkmeier said Wednesday at Connect.
Housing Wire
AUGUST 9, 2023
Fast-growing The Real Brokerage posted a $3.97 million net loss during the second quarter of 2023, but revenues shot up from a year ago. “During the second quarter, Real once again delivered best-in-class growth with our agents closing a record number of transactions,” said Tamir Poleg , the CEO of Real. He described the second quarter as an inflection point for Real, as the company achieved adjusted EBITDA profitability earlier than anticipated.
Inman
AUGUST 9, 2023
"This is not a time to stabilize. If you stabilize in a market like now you're going to fall behind. You have to grow," Redfin's Jason Aleem said at Inman Connect Las Vegas Wednesday.
Maximum Exposure Real Estate
AUGUST 9, 2023
Are you wondering what not to fix when selling a house? Knowing what repairs and updates are worth your time and money is crucial when selling a house. Consulting with a real estate agent can provide valuable insights into prioritizing repairs and upgrades for maximum return on investment (ROI). We have covered what to fix […] The post Do Not Fix These Things When Selling a Home appeared first on Maximum Real Estate Exposure.
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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.
Inman
AUGUST 9, 2023
During an Inman Connect panel on Wednesday, Compass' CEO argued the brokerage's in-person philosophy gives it an advantage over rival firms "charging the least and giving you the least.
Bigger Pockets
AUGUST 9, 2023
The multifamily market has been on the brink for a while, but new data shows a dire outlook through the end of 2024. Here's what you need to know.
Inman
AUGUST 9, 2023
Fathom logged a net loss of $4.3 million during the second quarter, an improvement over the $5.7 million loss logged during the first quarter, according to its earnings report released Wednesday.
Fancy Pants Homes
AUGUST 9, 2023
In the heart of Missouri, overlooking the idyllic Lake of the Ozarks, the Midwest’s premier lake resort destination, a spectacular turnkey home is looking for new owners. Inspired by the New England architecture style prevalent in Nantucket, MA, the 6,800+ square-foot home has rightfully been dubbed Nantucket Point and stands as the crown jewel of the Lake.
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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 9, 2023
The key to success in attracting and retaining good agents lies in large part on a broker's mindset, speakers said Wednesday at Inman Connect Las Vegas. And adopting a "we" instead of a "me" attitude.
RIS Media
AUGUST 9, 2023
Multifamily performance was solid in July, as rents nationally rose $2 to $1,729, or 1.6% year-over-year (YoY), according to the latest Yardi® Matrix National Multifamily Report. The report shows demand is buoyed by the healthy job market, as the U.S. economy added 1.7 million jobs in the first half of 2023. The numbers: Rent growth… The post Report: National Average Multifamily Rent Was $1,729 in July appeared first on RISMedia.
Inman
AUGUST 9, 2023
The CEO tract at Inman Connect Las Vegas on Tuesday wrapped with proptech adviser and strategist Mike DelPrete telling an audience of his peers that legacy brokerages are facing an “innovator’s dilemma.
Brownstoner
AUGUST 9, 2023
The latest salvo in a long-running adaptive reuse project in Crown Heights has revealed the ambitious project has finally wrapped and is likely to survive a looming bankruptcy auction -- at least initially. After years of work to restore and adapt the historic Nassau Brewery at 945 Bergen Street for… Read More > The post Crown Heights’ Restored Nassau Brewery Likely to Survive Looming Bankruptcy Auction appeared first on Brownstoner.
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