Calculated Risk Real Estate
JUNE 7, 2023
A key pitch, by real estate agents for home buyers right now, is that they will likely be able to refinance at a lower mortgage rate in a few years. The argument is that once the Federal Reserve has inflation back down to the 2% target, 30-mortgage rates will decline, perhaps to around 5% or lower. Of course, no one expects to see 3% mortgage rates without another crisis.
Housing Wire
JUNE 7, 2023
After the recent extraordinary show of force defending changes to LLPAs by federal regulators and their friends, the forest through the trees risk remains in focus to me. One of the great concerns I have, as both a former regulator and the former head of a major industry trade association, is the downside risk of keeping the GSEs in conservatorship any longer.
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Real Estate News
JUNE 7, 2023
CoreLogic reported that national home price growth slowed to just 2% year over year in April, but gains (and losses) varied locally.
Housing Wire
JUNE 7, 2023
Freddie Mac announced on Wednesday a new affordable housing program, “HeritageOne,” that is intended to boost homeownership rates in Native American communities. The program aims to provide affordable financing options for single-family properties on tribal lands found in rural areas of the nation. The goal is to widen homeownership access in these communities.
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Real Estate News
JUNE 7, 2023
REdistribute, which sells data from participating MLSs to institutional users, now covers nearly half of U.S. residential properties.
Housing Wire
JUNE 7, 2023
A 10 basis point decline in mortgage rates last week wasn’t enough to spur consumer demand for mortgages , according to the latest figures from the Mortgage Bankers Association. For the week that ended June 2, mortgage applications fell 1.4% from the prior week. That was despite mortgage rates dropping to 6.81% from 6.91% during roughly the same period.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
JUNE 7, 2023
Is this a glimpse of the future in the Southwest? Arizona state officials announced last week that there is not enough groundwater for all of the construction that has already been approved in the Phoenix area. The state paused approving new housing subdivisions in the Phoenix area that would have relied solely on groundwater, which is likely to limit expansion in fast-growing (and, relatively speaking, affordable) areas outside of Phoenix.
Inman
JUNE 7, 2023
The U.S. Department of Justice wants "to resume its consequential investigation of conduct that affects over $100 billion in broker fees paid by Americans annually," according to an appeal.
Housing Wire
JUNE 7, 2023
High home prices and mortgage rates are continuing to constrain affordability in housing markets nationwide. As a result, consumers’ perceptions on home buying and selling have further diverged. Fannie Mae ‘s Home Purchase Sentiment Index (HPSI) — which tracks the housing market and consumer confidence with selling or buying a home — declined by 1.2 points in May to 65.6.
Inman
JUNE 7, 2023
The real estate giants' omission from Fortune's annual list of the biggest companies illustrates just how far industry players have fallen as a result of a housing contraction that began in 2022.
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
JUNE 7, 2023
The acquisition of Roostify by CoreLogic aims to streamline the user experience in the mortgage application process. By incorporating Roostify’s mortgage application software into CoreLogic’s suite of products, clients can benefit from an end-to-end integrated workflow to the loan origination process. This integration will simplify the application process, reducing manual tasks and providing real-time updates on loan status, providing a superior customer experience for lenders and financial inst
Inman
JUNE 7, 2023
A new report released by Redfin found that 33.4 percent of home purchases were made in cash during April 2023 — up from 30.7 percent a year earlier.
Housing Wire
JUNE 7, 2023
The title industry is well acquainted with the gray areas surrounding the 1974 Real Estate Settlement Procedures Act (RESPA) , which governs how real estate agents, mortgage lenders and title providers interact and bans things like kickbacks. “Regulators would like to think that their rules are very black and white, the problem is that black and white creates grey space,” Jerra Ryan, the vice president of Firstline Compliance, LLC , told National Settlement Services Summit (NS3) attendees gather
Inman
JUNE 7, 2023
Although cold calling has traditionally been used as the leading sales prospecting approach, alternative strategies often yield better outcomes in today’s business landscape. Marketing expert Diana Zaya shares lead gen ideas to take you beyond the phone call.
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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
JUNE 7, 2023
The Mortgage Bankers Association (MBA) announced on Wednesday that Christine Chandler, the executive vice president, chief credit officer, and chief operating officer of M&T Realty Capital Corporation (RCC), has been nominated to serve as MBA’s vice chair for the 2024 membership year. The installation of Chandler is expected to take place at the association’s 110th Annual Convention in Philadelphia later this month. “Christine is a passionate and influential leader in real
Inman
JUNE 7, 2023
"We invested heavily into building our end-to-end software solution for rent reporting and consumer app layer and now we’re focused on revolutionizing the entire renter experience," said Boom CEO and co-founder Rob Whiting.
Housing Wire
JUNE 7, 2023
A group of Democratic lawmakers in the United States Senate have introduced a bill designed to assist low-income renters with their security deposit payments. The Delivering Essential Protection, Opportunity, and Security for Tenants (DEPOSIT) Act was introduced into the Senate this week by Sen. Martin Heinrich (D-N.M.). The senator’s office described rental home security deposits as a potential housing barrier for low-income Americans, including Housing Choice Voucher Program recipients in the
Inman
JUNE 7, 2023
During the 18 months that have taken place since the acquisition, the firm has gradually rolled out its proprietary technology, pl@tform, to Christie's affiliates and early adopters are now seeing "great impacts," said Thad Wong.
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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
JUNE 7, 2023
Don't lose all of your money if moratoriums come back. This is how you can defend yourself.
Inman
JUNE 7, 2023
As the market for proptech nears $100 billion, executives at companies like Contactually and Trackxi are grappling with a paradox: As supply grows, demand from brokerages and agents is narrowing.
Bigger Pockets
JUNE 7, 2023
Commercial real estate is on the brink of total failure as vacancy rates are set to skyrocket.
Inman
JUNE 7, 2023
Some Fed policymakers say even if they skip hiking rates next week to assess the latest inflation data, that doesn't mean they're ready to pause altogether.
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Bigger Pockets
JUNE 7, 2023
You’ve heard cash flow stories before, but NOTHING like this. We’ve talked to hundreds of investors that have flipped houses, bought apartment complexes, storage facilities, and more.
Inman
JUNE 7, 2023
Whether you love or hate depictions of real estate agents in books, TV shows and movies, we all have our favorites. Who's yours?
RIS Media
JUNE 7, 2023
Editor’s Note: Social Skills is a bi-monthly feature in RISMedia’s Daily News focused on social media and digital marketing tips, trends and solutions for agents and brokers. Events, events, events! Any REALTOR® in the business can—and will—tell you that hosting or getting involved with events is such an important way to generate leads among your… The post Social Skills: Summer Events to Generate Leads and Beat the Heat appeared first on RISMedia.
Inman
JUNE 7, 2023
Restb.ai, a software company that has pioneered use of computer vision, a form of artificial intelligence, in the residential real estate space, has cemented its latest multiple listing service relationship.
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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.
Brownstoner
JUNE 7, 2023
In the News Make Way for the Bike Bus [NYT] Longtime Prospect Park Employee Honored After 26-Year Career [BP] Greenpoint Open Studios Returns This Weekend [Greenpointers] Greenpointers Rally For Safer Streets Where Cyclist Killed [Streetsblog] NYC Air Pollution Among World’s Worst From Canada Wildfire Smoke [CNN] Big Bad Berghain Bouncer Shows Brooklyn His Berlin Portraits [New… Read More > The post Daily Links: Sepia Haze From Wildfires Coats Brooklyn as Air Quality Level Hits 218 app
Inman
JUNE 7, 2023
These 12 principles can act as guideposts and mile markers to measure your forward progress, writes mega-team leader Carl Medford. Do not take shortcuts.
Bigger Pockets
JUNE 7, 2023
There are different ways to determine how to calculate rental income for child support. It depends where you live and rental income and expenses.
Inman
JUNE 7, 2023
Whether you've always hated cold calling or never started in the first place, these ideas from social media strategist Michelle Berman-Mickel, will help you lead gen on Instagram instead.
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