RIS Media

SEPTEMBER 19, 2023

As mortgage rates currently sit above 7%, housing construction has taken a hit in response, according to a new report from the National Association of Home Builders (NAHB) using data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Housing starts dropped a steep 11.3% in August, as NAHB reported,… The post Rising Mortgage Rates Affect August Housing Starts appeared first on RISMedia.

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Mortgages Construction Development Industrial 125

Housing Wire

SEPTEMBER 19, 2023

Have we finally hit the limits of the massive boom in 5-unit apartment construction that has been a positive driver of jobs and the fight against inflation since January of 2021? Tuesday’s housing starts report was a mixed bag: housing starts and completions fell with a big hit to 5-unit housing starts. However, housing permits continued to slowly increase, as we’ve seen over the last several months.

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Construction Staging Loans Mortgages 533

Keeping Current Matters

SEPTEMBER 19, 2023

Are you thinking about selling your house?

Equity 357

Equity Marketing 357

Housing Wire

SEPTEMBER 19, 2023

Housing starts fell to a seasonally adjusted annual rate of 1,283,000 in August, according to the U.S. Census Bureau. It’s a 11.3% drop from the revised July estimate of 1,447,000 and 14.8% below the August 2022 rate of 1,505,000. On the bright side, permits for future construction recorded a 6.9% gain from July, indicating some builders might be more hopeful that things will turn around soon.

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Real Estate News

SEPTEMBER 19, 2023

Sexism isn't just a societal problem, it's a real estate industry problem. And if anything is going to change, men will have to step up — and speak up.

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Industrial 299

Housing Wire

SEPTEMBER 19, 2023

Home sales each week continue to be at depressed levels. We counted only 59,000 new pending sales this week. Meanwhile, the available inventory of unsold homes is growing. This week, inventory grew faster than it did last year at this time. This is alarming because this was the moment last year when the market turned south. This week was the biggest week of inventory increase all year, with inventory growing by over 9,000 single-family homes.

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Marketing Mortgages Sales As-is 476

Housing Wire

SEPTEMBER 19, 2023

The housing market faces renewed headwinds with mortgage rates settling above 7%. Still, the downside risk to home sales is limited as more sales are being driven by life events, according to Fannie Mae ’s Economic and Strategic (ESR) Group. “New home sales were surprisingly strong in the first half of the year, due partly to homebuilder rate buydowns , which become more expensive when mortgage rates rise,” Fannie Mae’s ESR group said in its latest commentary.

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Sales Mortgages As-is Marketing 467

Real Estate News

SEPTEMBER 19, 2023

Former president Chris Lim moves into an advisory role, while EVPs Natalie Hamrick and Kevin Van Eck will share the top leadership position.

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Housing Wire

SEPTEMBER 19, 2023

Alterra Home Loans , a Nevada headquartered retail lender and a Panorama Mortgage Group company, has promoted Fernando Ospina to president. Ospina, who has worked for the firm since 2018, formerly served as Alterra’s SVP of national production for the last year. He originated more than $46 million in loans in 2022, the company said. Ospina will oversee the firm’s strategic direction, operational activities, and growth initiatives while ensuring Alterra provides accessible and tailored mortgage s

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Loans Lending Residential Mortgages 459

Inman

SEPTEMBER 19, 2023

Employees of the trade group demanded the departures of NAR CEO Bob Goldberg, President Tracy Kasper, Chief Legal Officer Katie Johnson and head of HR Donna Gland on Monday.

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HR MLS 193

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.

Industrial

Housing Wire

SEPTEMBER 19, 2023

Over the past year, the pace of rent increases has cooled significantly , drawing the market closer to its pre pandemic levels. U.S. single-family rent increases in July 2023 registered a 3.1% year-over-year gain, down from 3.3% in June , CoreLogic’s latest Single-Family Rent Index (SFRI) showed. The index , which analyzes single-family rent price changes nationally and across major metropolitan areas, dropped on an annual basis for the 15th consecutive month in July.

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Principal MLS Construction Marketing 459

Inman

SEPTEMBER 19, 2023

Intercontinental Exchange Inc. teams up with DeltaTerra Capital to translate physical climate risk estimates into financial risk assessments factoring in default risk, asset price depreciation and insurance costs.

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Investor Loans Mortgages Marketing 183

Housing Wire

SEPTEMBER 19, 2023

The Real Brokerage continues to add to its agent count. Lafayette, Louisiana-based District South Real Estate Co. has joined Real, according to an announcement on Tuesday. Led by Carrie Théard and Sean Hettich, District South’s 40 agents serve home buyers and sellers in Louisiana’s Acadiana region. All 40 of Théard and Hettich’s agents will be joining Real, bringing the firm’s agent count to over 12,000.

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Brokerage Agents Sales 456

Inman

SEPTEMBER 19, 2023

Most real estate tech companies focus on making their customers happy, but the CINC team is hyperfocused on making their clients more MONEY.

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As-is 183

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Housing Wire

SEPTEMBER 19, 2023

The Consumer Financial Protection Bureau (CFPB) on Tuesday announced a series of legal requirements lenders must adhere to when using artificial intelligence (AI) or “other complex models” when making decisions about the creditworthiness of borrowers. “The guidance describes how lenders must use specific and accurate reasons when taking adverse actions against consumers,” the CFPB said in the announcement.

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Technology Finance Lending As-is 453

Inman

SEPTEMBER 19, 2023

The real estate broker, investor, HGTV star and Inman Influencer shared her thoughts on a wide range of topics, from real estate to personal hobbies and more. Here's what she revealed to Inman.

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Investor Design Brokerage Agents 183

Housing Wire

SEPTEMBER 19, 2023

CubiCasa will be providing its user-friendly floor plan creation tools to the 110,000 members of California Regional MLS (CRMLS), the largest MLS in the United States. With this new partnership, CRMLS and CubiCasa say they will deliver more value to consumers through digital floor plans, and help create a more organized and transparent real estate market. “We strongly believe that floor plans create a better home buying experience for consumers and provide valuable data to the MLS compilat

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MLS Technology Marketing 448

Inman

SEPTEMBER 19, 2023

DPP Real Estate has more than 175 agents and specializes in architecturally significant properties. Moving forward, the firm will be known as DPP @ Compass.

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Brokerage Agents 174

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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.

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Housing Wire

SEPTEMBER 19, 2023

Chris Lim is stepping down as president of Christie’s International Real Estate , according to an announcement on Tuesday. The brokerage noted that Lim will remain at Christie’s as a senior advisor and global brand ambassador, working to expand the relationship between the real estate business and the auction house, among other duties. Lim’s former role will be divided between Natalie Hamrick and Kevin Van Eck, who will lead the firm’s operations in the Americas.

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Brokerage Technology Branding Development 447

Inman

SEPTEMBER 19, 2023

In August, housing starts hit their lowest level since June 2020, when builders were struggling with COVID-fueled "shutdowns, labor shortages and supply chain issues," according to U.S. Census data.

Marketing 174

Marketing 174

Housing Wire

SEPTEMBER 19, 2023

Grid151 , a technology products provider for the mortgage and real estate industries, has acquired Simply Secure Sign , an eClosing technology platform, the company announced Tuesday. As a result, Grid151, which is owned by the holding company of Westcor Land Title Insurance Company , will integrate Simply Secure Sign into GridBase, its universal API for lender and title collaboration.

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Technology Title Land Closing 434

Inman

SEPTEMBER 19, 2023

Your clients need a lot more than your enthusiasm to act on their ADU dream, writes ADU expert Kendyl Young. They need facts, resources and a patient ear to listen and help overcome their fears.

Brokerage 174

Brokerage Agents Marketing 174

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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.

Agents

Housing Wire

SEPTEMBER 19, 2023

As someone who worked for a large, nationally branded brokerage for 30+ years, I had a front-row seat to many mergers and acquisitions. I would love to say they all went well, but they didn’t. Back before iron-clad earn outs and claw-back clauses, I witnessed a time when two days after an acquisition announcement, the entire agent population walked out with the managers.

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Due diligence Brokerage Branding Agents 434

Inman

SEPTEMBER 19, 2023

Natalie Hamrick and Kevin Van Eck, vets of Christie's and @properties, will take up Lim's former role as co-presidents. Nidhal Charfi, formerly of Compass, is also joining as vice president of affiliate expansion, Inman has learned exclusively.

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As-is Brokerage 167

Housing Wire

SEPTEMBER 19, 2023

BeachesMLS ’ and MIAMI REALTORS SEFMLS , South Florida ’s two largest Multiple Listing Services (MLSs), have begun providing complete listing data to Nestfully , a public search portal sourced directly from the MLS, the company announced last Wednesday. Created in the first quarter of 2023, Nestfully was initially fed by three MLSs: California Regional MLS (CRMLS), Bright MLS and REcolorado.

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MLS Brokerage Agents Technology 432

Coldwell Banker

SEPTEMBER 19, 2023

The post Coldwell Banker Agents Win Big on LGBTQ+ Real Estate Alliance Top Producers List appeared first on Coldwell Banker Blue Matter.

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Agents Industrial 133

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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.

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Housing Wire

SEPTEMBER 19, 2023

Title premium volume continued to trend downward during the second quarter of 2023 as high mortgage rates and low housing inventory continued to plague the real estate industry. During the second quarter, the title industry generated $3.91 billion in title insurance premiums, down from $6.21 billion from a year ago, according to the American Land Title Association’s Market Share Analysis , released Monday.

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Title Land Industrial Marketing 430

RIS Media

SEPTEMBER 19, 2023

Single-family rents posted a 3.1% year-over-year gain in July, the 15th consecutive month of deceleration but is still in line with the historic average recorded before 2020, according to a new report from CoreLogic. CoreLogic’s Single-Family Rent Index for July found that more affordable areas of the country, such as St. Louis and Chicago, appear… The post Single-Family Rent Growth Drops to Almost 3 Year Low in July appeared first on RISMedia.

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As-is Industrial Marketing 131

Housing Wire

SEPTEMBER 19, 2023

One of the challenges in discussing what the mortgage industry needs to do next is figuring out what’s actually coming next. In August, when interest rates topped 7% for the first time in 22 years, there was a rash of articles featuring leading industry economists predicting what interest rates would do for the rest of the year and into 2024. The consensus was… there really was no consensus.

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Marketing Lending Technology Title 422

Bigger Pockets

SEPTEMBER 19, 2023

Completing ten real estate deals in only eighteen months might seem ambitious for a rookie investor, but today’s guest had no choice after experiencing a MAJOR loss of income.

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Investor 131

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