Broke Agent Media

MAY 23, 2023

In any sales business, all the money is in the lead follow up. And what we’ve seen happen—coming off that white-hot 2020 to first half of 2022 market—is that agent skill sets have gotten weak. We’ve talked about this before. And really, where it’s weak is in the lead follow up. So many agents call a lead once and then discard it. They mention some sort of agent interaction, and they don’t follow up with that person again.

Pre-approval 52

Pre-approval Agents Sales As-is 52

Housing Wire

MAY 23, 2023

In a country with more than 330 million people, there are only 70,000 new homes available for sale today in the U.S. housing market. And with total active house listings in America near all-time lows, that is all we have for completed units for sale. The number of new homes doesn’t ever get into the millions, but we are still working our way back to the pre-COVID levels of 80,000 to 100,000.

Sales 525

Sales Construction Mortgages As-is 525

Real Estate News

MAY 23, 2023

As existing home listings have fallen, the inventory of new homes has increased — and prices have dropped — making them an attractive option.

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299

Housing Wire

MAY 23, 2023

Fannie Mae and Freddie Mac executives recognize that the wave of loan-repurchase requests represents an added challenge for lenders who already have a stretched balance sheet. However, Fannie Mae’s position is that the loan-repurchase increases are an economic problem, not an underwriting process issue. Meanwhile, Freddie Mac said it’s in talks with lenders to address the problem through a more customer-focused approach.

Loans 497

Loans Industrial Mortgages As-is 497

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Development

Real Estate News

MAY 23, 2023

Seeking steady rent growth and affordable price points, investors were drawn to cities in the Midwest and Southeast.

Investor 290

Investor 290

Housing Wire

MAY 23, 2023

In my last market outlook for HousingWire, published in January , I offered two predictions for the early 2023 retail housing market based on forward-looking Auction.com bidding behavior from the fourth quarter of 2022: A home price correction nationwide and in the majority of major markets Home sales volume bottoming out While both predictions have played out in large part (more on that below), bidder behavior on Auction.com in the first quarter turned a sharp corner, indicating a robust reboun

Marketing 459

Marketing Sales Mortgages As-is 459

Housing Wire

MAY 23, 2023

Homebuilders , whose sentiment hit the midpoint mark of 50 earlier this month for the first-time since July 2022, have yet another reason to celebrate. The sales pace of new homes has also increased for the fifth consecutive month, according to data published on Tuesday by the U.S. Census Bureau and the Department of Housing and Urban Development ( HUD ).

New Construction 418

New Construction MLS Construction Sales 418

Inman

MAY 23, 2023

The struggling digital title and closing provider is set to receive up to $24.

Title 158

Title Closing Finance Technology 158

Housing Wire

MAY 23, 2023

The growing wave of loan-repurchase requests from Fannie Mae and Freddie Mac has yet another major wrinkle, industry sources reveal, and this new problem, if accurate as alleged, threatens to disrupt future merger and acquisition (M&A) activity in the mortgage-finance industry. This new development is being propelled by an alleged Fannie Mae “request” that, according to industry sources, was made recently of several lenders active as buyers in M&A deals.

Loans 417

Loans Purchase and sale agreement Due diligence Industrial 417

Inman

MAY 23, 2023

Digital marketing specialist Joshua Jarvis offers his feedback on Realtor.com's new AI tool. While he applauds the attempt, he says it's a swing and a miss.

Marketing 158

Marketing MLS Technology Agents 158

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

MAY 23, 2023

Mortgage tech company Blend has launched a soft credit inquiry function for lenders at a time when the industry is facing higher credit report fees. Credit bureaus and Fair Isaac Corp. (FICO) upped the cost of pulling a hard credit file starting in 2023. In some cases, the costs have increased by four to five times what they were previously. “With Blend’s soft credit functionality, lenders can expect to save about $50 per file for borrowers at this high-attrition stage of the process,” the comp

Staging 397

Staging Finance Mortgages Industrial 397

Inman

MAY 23, 2023

A new survey conducted by Zillow suggests there are opportunities for real estate agents and companies that provide information and make lending more user friendly.

Finance 148

Finance Banks Agents Lending 148

Housing Wire

MAY 23, 2023

In the past few years, appraisal bias has come to the forefront of conversations about appraisals and how they can be improved. According to many reports, it’s been an issue for a long time, but has only recently come into the spotlight with a high profile case in 2022 and increased discussions around fair and equal housing. “You can’t ignore it. It’s a problem, it’s real, it’s documentable,” said Shannon Johnson, Touchless Lending product manager at Tavant.

Technology 396

Technology Lending Inspection As-is 396

Inman

MAY 23, 2023

New data from the U.S. Census Bureau shows a jump in new-home sales as existing-home inventory continues to be in short supply.

Sales 148

Sales Marketing 148

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Brokerage

Housing Wire

MAY 23, 2023

The lack of housing inventory – a major pain point for real estate agents and loan officers – is an issue that Mark Cohen, principal owner of Cohen Financial Group , also sees in the upper end of the Southern California market. The $1 million to $4 million homes market is very competitive, and qualified borrowers are having a hard time finding homes.

Mortgages 393

Mortgages Marketing Loans Banks 393

Inman

MAY 23, 2023

According to social media expert Katie Lance, OpenAI has unveiled its official iOS application for ChatGPT, the company's AI chatbot, allowing you to create content while you're out and about.

Marketing 148

Marketing Agents 148

Housing Wire

MAY 23, 2023

A federal judge in the Southern District Court of New York is allowing a lawsuit over an affordable housing policy, known as “community preference,” to progress to trial, according to a report by the New York Times. The lawsuit , first brought in 2015, takes issue with a policy that has been in place within New York City since 1988 and reserves 50% of the units in most subsidized affordable housing developments for residents of the local community district.

Development 389

Development As-is 389

Inman

MAY 23, 2023

Not every bank is at risk, JPMorgan CEO Jamie Dimon said Monday during an investor conference. But for lenders with more exposure to commercial properties, the months ahead could be tough.

Banks 148

Banks Commercial Investor Lending 148

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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.

Agents

Housing Wire

MAY 23, 2023

Williston Financial Group (WFG) and Doma Holdings, Inc. announced on Tuesday the completion of an agreement for WFG to acquire certain branches of Doma’s West Coast local retail title operations. The deal includes multiple retail title locations and operations centers in the Northern and Central California regions. The acquisition aligns with Doma’s mission-driven strategy and its focus on core underwriting and technology business, according to the company. “Our West Coast oper

Title 370

Title Technology Residential As-is 370

Inman

MAY 23, 2023

Agents often say "real estate is local" when speaking to clients, potential leads, and family and friends in need of some sound buying and selling advice. While that phrase has become somewhat cliché, Redfin's latest data report published on Tuesday proves consumers should take it to heart as metro-to-metro home-price variations reached Great Recession-era highs.

Agents 148

Agents As-is Marketing 148

Housing Wire

MAY 23, 2023

Federal Housing Finance Agency ( FHFA ) Director Sandra Thompson defended on Tuesday the recent policy changes the agency has implemented, which have been criticized by the housing industry and Republican lawmakers on Capitol Hill. In a House Financial Services Committee hearing on Tuesday titled “ FHFA Oversight: Protecting Homeowners and Taxpayers ,” the committee memorandum described Thompson’s actions as director of the agency, highlighting two policies in particular.

Title 369

Title Finance Loans Banks 369

Inman

MAY 23, 2023

The new company's website will help homebuyers and sellers find beachfront, beach-view and beach-access homes easier with more than 68,000 coastal properties across 14 states from Texas to New Hampshire, according to the company.

Brokerage 148

Brokerage 148

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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

Bigger Pockets

MAY 23, 2023

There are a few different factors to consider when deciding between Airbnb and VRBO for your short-term rental property.

Investor 137

Investor 137

Inman

MAY 23, 2023

Manual tasks can take up a landlord's time. But automating jobs and handling maintenance well can help keep renters in place and maximize a property's revenue stream, experts told Inman.

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148

GeekEstate

MAY 23, 2023

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: Prisidio] A cloud-based vault to securely store, organize, and share all life’s essential documents and information, Prisidio provides cybersecurity and data protection solutions that protect users’ sensitive data and digital assets.

Finance 128

Finance 128

Inman

MAY 23, 2023

In this Inman Access class, discover strategies to transform your sphere of influence into a thriving network that fuels your business and establishes you as a trusted community leader.

Agents 147

Agents 147

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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.

Sales

Eye on Housing

MAY 23, 2023

Stabilizing mortgage rates and a lack of resale inventory provided a boost for new home sales in April, even as builders continue to wrestle with rising costs stemming from shortages of transformers and other building materials and a persistent lack of construction workers. Sales of newly built, single-family homes in April increased 4.1% to a 683,000 seasonally adjusted annual rate.

Sales 126

Sales Construction Mortgages 126

Bigger Pockets

MAY 23, 2023

A glamping site might sound like a fun real estate investment idea, but how feasible is it? Does it offer enough cash flow potential as a short-term rental property?

As-is 124

As-is 124

Inman

MAY 23, 2023

Federal inflation data showed rent inflation dropped in April, about a year after rent growth rapidly slowed. Three economists explain why it took so long for that to happen and what that means for the future of the rental market.

Marketing 122

Marketing 122

Eye on Housing

MAY 23, 2023

According to NAHB analysis of quarterly Census data, the count of multifamily, for-rent housing starts remained elevated during the first quarter of 2023. For the first quarter, 127,000 multifamily residences started construction. Of this total, 123,000 were built-for-rental use. The market share of rental units of multifamily construction starts stood at an elevated 96% for the first quarter as the.

Construction 119

Construction Marketing 119

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