Inman
MAY 8, 2023
It can be hard to know which type of photographer will show up at your property. Here are some best practices to ensure your listing (and your client) are set up for success.
Housing Wire
MAY 8, 2023
Mortgage lender and servicer NewRez on Monday launched a special purpose credit program through Freddie Mac that will provide $3,000 or more in closing cost assistance to qualifying first-time homebuyers. Freddie Mac’s BorrowSmart Access program will be available to NewRez borrowers through Caliber Home Loans ‘ national network of branches.
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Real Estate News
MAY 8, 2023
Agents need to be prepared for anything, from spills to smells, all while keeping their clients happy and hydrated.
Housing Wire
MAY 8, 2023
A key source of affordable housing inventory was cut in half over the last three years, resulting from well-intended but heavy-handed efforts to keep delinquent borrowers in homes. That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction. Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners
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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.
Real Estate News
MAY 8, 2023
If approved Thursday, NAR’s proposal would increase dues based on the inflation rate. This would increase 2024 dues to $156 (from $150).
Housing Wire
MAY 8, 2023
I was tired of fighting with mortgage lenders about self-employment income, high-interest rates , and dealing with scarce inventory that fit our family’s needs. We decided to rent a bigger home. I was beyond done. It wasn’t meant to be. The awards for entrepreneurship did not extend to quickly buying a home. My wife found a home with motivated owners due to a divorce.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
MAY 8, 2023
With mortgage rates still in the mid 6% range, borrowers who received mortgages in April 2023 paid an average of $2,343 a month, up 28% from a year prior. That’s according to the latest origination data from mortgage tech firm Candor Technology. Per data from Candor’s underwriting engine, the average buyer in April 2023 received a loan worth about $366,000 at an average APR of 6.5%.
Real Estate News
MAY 8, 2023
The team, led by a retired Navy Senior Chief and an active duty Navy Lieutenant Commander, will help service members navigate the VA loan process.
Housing Wire
MAY 8, 2023
In the first quarter of 2023, California-based lender Guild Mortgage , which announced a leadership transition in March, continued to face pressures from high mortgage rates and low inventory levels – just like its peers. Ultimately, the company’s revenues declined more than its expenses in the period, leading to another quarterly loss. “While these results reflect a challenging backdrop of rising rates and limited inventories, we continue to gain market share as we execute on our
Inman
MAY 8, 2023
The sale-leaseback platform plans to launch a marketplace later this year designed to serve homesellers and buyers, both individuals and investors, EasyKnock revealed to Inman exclusively.
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
MAY 8, 2023
The rapid housing market cool down and the rapid pace at which the Federal Reserve hiked interest rates took their toll on the title insurance industry in 2022. Last year, the industry generated $21 billion in title insurance premiums, down 16% from 2020, according to the American Land Title Association’s Market Share Analysis released Monday. During the fourth quarter of the year, the title insurance industry generated $4.4 billion in title insurance premiums, down 38% year over year.
Inman
MAY 8, 2023
You may not consider yourself a specialist in a particular lifestyle segment, but think about it this way: your market, by its very nature, is a specialty
Housing Wire
MAY 8, 2023
For those in the mortgage space, there are a myriad of technology solutions claiming to help streamline lending operations and improve efficiency. These workflows help title and settlement companies track how data and decisions flow from initiation to outcome. Yet, somewhere along the steady stream of tasks, we’ve lost the personalized touch. When investing in a technology that someone else designed to automate workflows, it’s important to ask — how do I make this workflow work for me?
Inman
MAY 8, 2023
To cover an expected budget deficit, the National Association of Realtors' Finance Committee has proposed aligning dues with the Consumer Price Index, increasing the likelihood of annual hikes.
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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.
Housing Wire
MAY 8, 2023
Fintech software and hardware company Mortgage Automation Technologies, Inc. announced on Monday that it has integrated its next-generation point of sale system, The BIG Point of Sale, on the latest API Platform available through ICE Mortgage Technology , a division of Intercontinental Exchange, Inc. The goal was to create a configurable and robust Point of Sale to Loan Origination System integration, according to a press release from the company. “Built by the people that use it every day
Inman
MAY 8, 2023
The Local Logic tool will provide members of the California Regional Multiple Listing Service with critical demographic and economic intelligence on real estate markets around the country.
Housing Wire
MAY 8, 2023
Flagstar Bank , a top-25 U.S. mortgage lender, recently participated in two M&A deals. In December 2022 , the bank concluded the merger with New York Community Bancorp after waiting for regulatory approvals for over a year. In March 2023, Flagstar surprised the market amid the banking crisis by acquiring some assets, liabilities and deposits of Signature Bank from the Federal Deposit Insurance Corporation ( FDIC ).
Inman
MAY 8, 2023
Charlie Lee, the National Association of Realtors' senior counsel, spoke on legal issues impacting agents at the MLS Association Executives Session at the Realtors Legislative Meetings on Sunday.
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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.
Bigger Pockets
MAY 8, 2023
The national housing market is every bit as indeterminable right now as possible. Here's what an analysis of 295 markets tells us.
Inman
MAY 8, 2023
Solid communication, attention to detail and a willingness to go the extra mile are all necessary to create a well-thought-out contract package.
The American Genius for Real Estate
MAY 8, 2023
ChatGPT brings a lot of potent abilities to the table for small businesses, and now you can integrate the bot into your own site's pages.
Inman
MAY 8, 2023
A struggling Hilton hotel, near John F. Kennedy International Airport, will be converted to nearly 300 affordable housing units, according to a plan unveiled last week by developer Slate Property group that was first reported by The New York Times.
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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.
RIS Media
MAY 8, 2023
Did you know there are currently more households with pets than children? According to the U.S. Census, the share of families with children under the age of 18 living in the home has continued to decline. The share with children in 2022 stands at 40%, down from 48% in 2002. This is likely for two… The post A Stunning Stat: More Pets Than Kids at Home appeared first on RISMedia.
Inman
MAY 8, 2023
WellcomeMat helps agents organize, publish and analyze video content performance. California Regional MLS welcomed the marketing add-on as a proptech partner.
RIS Media
MAY 8, 2023
It can be hard to land your first few clients when you’re just getting started in real estate. Until your reputation speaks for you, you may have to work a bit harder to earn the trust of your first few clients. Remember that once you do have a few listings under your belt, you’ll be… The post Earning the Trust of Your First Real Estate Listing appeared first on RISMedia.
Inman
MAY 8, 2023
Watch this week's featured Inman Access class to discover the secrets to building trust, credibility, and differentiation to succeed in a challenging and saturated marketplace.
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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.
RIS Media
MAY 8, 2023
It always helps to be a glass-half-full thinker when faced with the challenges of a turbulent market shift. Redfin CEO Glenn Kelman certainly exuded that mentality as he unpacked the company’s rough performance in the first three months of the year. Redfin reeled in $325.7 million in the first quarter, down 45% from last year,… The post Redfin Q1 Revenue and Profits Tumble Amid Housing-Market Hurdles appeared first on RISMedia.
Inman
MAY 8, 2023
Ishbia, majority owner of the Phoenix Suns, was knocked over by Nuggets' star Nikola Jokic in a play that headed his way, for which he was given a technical foul.
RIS Media
MAY 8, 2023
Company culture is a hot topic these days as brokerages define what they do and how they do it, hopefully using their reputations to draw elite talent. It informs every aspect of businesses that rely on staff members working together as a team. In residential real estate, wherein agents know and interact with those from… The post How Brokerages Establish (and Promote) ‘Company Culture’ appeared first on RISMedia.
Inman
MAY 8, 2023
It's time to question unfounded legal warnings and negative scenarios that don't make sense so that we can put this tool to use for buyers, the CEO of Darryl Davis Seminars writes.
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BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.
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