Realty Biz
AUGUST 17, 2022
Elevated home prices and rising interest rates are feeding into housing affordability woes for potential buyers, especially those with lower credit scores. A new Zillow analysis shows that, nationally, buyers with “fair” credit could be paying up to $288 more on their monthly mortgage payment than those with “excellent” credit.
Housing Wire
AUGUST 17, 2022
Struggling digital mortgage lender Better.com is teaming up with secretive big data firm Palantir to create a proprietary loan platform that is says will enable Fannie Mae , Freddie Mac and mortgage investors to make “richer and deeper data-driven mortgage capital allocation decisions.”. Tinman Marketplace, as it has been dubbed, will be powered by Palantir’s Foundry operating system, which Better says will automate 70% of the mortgage process.
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Keeping Current Matters
AUGUST 17, 2022
If you’re wondering if home prices are going to come down due to the cooldown in the housing market or a potential recession, here’s what you need to know.
Housing Wire
AUGUST 17, 2022
United Wholesale Mortgage (UWM) this week launched temporary rate buydowns, a product that allows borrowers to receive lower mortgage rates at the beginning of their loan terms by using seller concessions as part of the payment. It’s a complementary product to the wholesale lender’s “Game On” initiative , a cut-rate pricing strategy devised to grow market share with purchase buyers.
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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.
HomeLight
AUGUST 17, 2022
Buying a new construction home can be intimidating. While the builder will have options to choose from, you still have to decide on a lot: Choose a floor plan, decide on upgrades, find financing, and make decisions that you may not expect to make. If decisions aren’t your thing, you might be able to buy a new construction home that is already built and ready for you to move in.
Housing Wire
AUGUST 17, 2022
July saw whiplash mortgage rates and our audience followed economic news very closely. Articles about rates, housing inventory and inflation were among our most popular, including: Purchase mortgage rates fall same week as Fed rate hike New home sales make it clear, housing is in a recession The nation’s housing market is on a correction course. But we also saw some resiliency, with companies expanding loan products — especially cash out and home equity— and shoring up their mortgage servicing r
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
AUGUST 17, 2022
Bill Lyons, founder and CEO of Griffin Funding and 2020 HousingWire Vanguard Honoree , sat down with HousingWire to discuss his company’s repeat ranking on the Inc. 5,000 list, along with his upcoming appearance at HW Annual Oct. 3-5. Don’t miss more of Lyon’s great insights when he takes the stage Oct. 4 at the Vanguard Forum , an exclusive event during HW Annual for c-suite leaders.
Eye on Housing
AUGUST 17, 2022
According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, during the second quarter of 2022 single-family attached starts totaled 38,000, which is 9.5% lower than the second quarter of 2021. Nonetheless, over the last four quarters, townhouse construction starts totaled 148,000 units, 7% higher than the prior four quarter total (138,000).
Housing Wire
AUGUST 17, 2022
Demand for mortgage loans declined to the lowest level since 2000 last week due to affordability challenges and uncertainties regarding the U.S. economy, according to the Mortgage Bankers Association (MBA). . The market composite index , a measure of mortgage loan application volume, fell 2.3% for the week ending Aug. 12, compared to the previous week.
HomeLight
AUGUST 17, 2022
As the real estate industry changes, perhaps it’s time to get back to the basics. For Dr. Carlton Bell, a well-known Tom Ferry coach and veteran real estate agent, that means conducting seller seminars. He believes hosting seller seminars is the key to gaining more listings–especially in today’s market. “Everybody [is] wanting to pause and take a step back and not put their house on the market because they’re afraid that buyers, at this particular juncture because of the rise of the intere
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
AUGUST 17, 2022
Title and closing software provider SoftPro has released a new integration with Pennsylvania-based Conestoga Title Insurance Company , the firms said Wednesday. Through the integration, Conestoga agents who are customers of SoftPro can now issue CPLs, as well as commitment and policy jackets within their title insurance software. SoftPro says that this eliminates the need to leave the platform and the reentering of data.
App Folio
AUGUST 17, 2022
Want to know what other community association management businesses are doing to stay successful? Beth Gilbert, Sr. Director of the.
Housing Wire
AUGUST 17, 2022
Inco-Check is rebranding to QC Ally , the company announced Wednesday. Inco-Check, a provider of QC and audit solutions, was founded in 2000 and acquired in May by Narrow Gauge Capital. “While celebrating Inco-Check’s legacy of high-quality audit services, this new branding reemphasizes our shared goals and collaboration with our client partners to enhance their business,” said Donna Gibson, chief operating officer and president of QC Ally.
HomeLight
AUGUST 17, 2022
Though mortgage interest rates have taken a recent dip amid recession concerns, it’s no secret that these numbers have been climbing since the historic lows we saw in 2020 and 2021. Just as one example, rates dropped as low as 2.15% on a 15-year fixed-rate mortgage in August 2021, and at the time of this writing — one year later — we’re now looking at 4.91% for those same terms.
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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
AUGUST 17, 2022
The Community Home Lenders Association and the Community Mortgage Lenders of America , two Washington, D.C. lobby groups representing smaller mortgage lenders, will join forces. The new group, the Community Home Lenders of America , will conserve CHLA’s acronym. The group will operate out of one office and merge assets. Several former congressional aides and a former top Department of Housing and Urban Development staffer will represent the new CHLA in the nation’s capital.
Coldwell Banker
AUGUST 17, 2022
Miami-Dade County Mayor Daniella Levine Cava recently joined a Coldwell Banker Realty informational meeting to address more than 100 real estate professionals from the company’s Miami Beach and Key Biscayne offices. The post Miami-Dade Mayor Addresses Strength of Local Real Estate Market with Coldwell Banker Realty appeared first on Coldwell Banker Blue Matter.
Housing Wire
AUGUST 17, 2022
The Federal Housing Finance Agency (FHFA) and Ginnie Mae are walking back some of the more controversial proposed eligibility requirements for sellers, servicers and issuers they oversee. But the agencies will not wipe out the requirements entirely. An initially proposed 200 basis point hedging requirement will instead be 50 basis points for both agencies.
Real Trends
AUGUST 17, 2022
Pending home sales are being canceled at a higher rate as prospective homebuyers grapple with affordability issues and use the shifting market conditions to increase their bargaining power, according to a Redfin report released on Tuesday. The analysis found that roughly 63,000 deal under contract fell through in July nationwide. This is equivalent to 16.1% of the homes that went under contract that month and represents the highest percentage in Redfin’s records which go back to 2017, with the e
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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.
Housing Wire
AUGUST 17, 2022
Longtime Reggora executive Katherine Loveland has left the company and has been named the new CEO at mortgage marketing firm Volly. Loveland will take over for Jerry Halbrook, who will transition to executive chairman. Massachusetts-based Volly is a provider of marketing, customer engagement strategies and lending technologies for the mortgage industry.
The Close
AUGUST 17, 2022
If one of the brokers I interviewed with in 2010 asked me if I had skills in making 30-second dance videos to sell real estate, I would have laughed in their face and walked out the door. Well, that’s not entirely true. In those days, I was so desperate to join a luxury brokerage I probably would have said something like, “No, but I can learn!”. Today, new agents and even experienced ones are being asked questions like this when they interview with teams and top brokerages.
Housing Wire
AUGUST 17, 2022
EagleBank , one of the largest community banks in metro Washington, D.C., has reached settlements with both the Federal Reserve Board and the U.S. Securities and Exchange Commission (SEC) over insider-lending allegations brought against the bank and its former top executive, Ronald Paul. The bank, which operates a mortgage-lending unit, along with its holding company, Eagle Bancorp Inc., have agreed to pay a total of $22.9 million in penalties, and Paul some $521,000, to settle the actions broug
The Close
AUGUST 17, 2022
Real estate license reciprocity allows a real estate licensee in one state to fast-track the process of getting their license in another state. For example, if you’re a real estate agent in Texas and want to move to Colorado, you’re in luck because Colorado offers real estate license reciprocity with every other state in the country. However, if you want to conduct just one transaction in another state—you’ll need to understand that state’s portability regulations.
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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.
Housing Wire
AUGUST 17, 2022
Mortgage lender Angel Oak Home Loans has implemented SimpleNexus ‘ all-in-one mortgage app to streamline its loan origination process. The Atlanta mortgage lender, which offers agency and non-qualified mortgage (non-QM) products, will implement the tech firm’s Nexus Origination and Nexus Engagement tools. A customized loan application developed for Angel Oak Home Loans will support both agency mortgage and non-QM lending “for borrowers of diverse financial backgrounds,” s
The Close
AUGUST 17, 2022
We know it’s tough navigating this current uncertain market, but we here at The Close want you to know you’re not in this alone. The struggles are so real right now and we’re here with a quick dose of funny to help you feel better, even if it’s just until you finish reading this article. We scoured the internet for the best memes (and created some of our own) about the whiplash many of us feel after the market changed quickly.
Marco Santarelli
AUGUST 17, 2022
Home prices and sales are moderating in Orange County. Following a two-year housing boom, the Orange County housing market is finally cooling. Although more buyers are backing out, there is still demand in Orange County. The median house price in Orange County fell 2.7% from June to July 2022. Still, the median price was 12.9 percent higher than a year ago.
Realty Biz
AUGUST 17, 2022
Americans are constantly on the move, and using U-Haul trucks is still one of the most popular ways people choose to get their stuff from one place to another. According to one study, each year, approximately 9.8 percent of Americans move to a new home. . But with gas prices skyrocketing and the cost of living continuing to increase, is using U-Haul trucks to move still an affordable choice?
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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.
Keller Williams
AUGUST 17, 2022
The current real estate market may be shifting, but there is still plenty of opportunity for agents. “Over the next several months, the housing market will be more in line with pre-pandemic market conditions,” shares KW chief economist Ruben Gonzalez. Loralynne Ball, head of retail sales for Keller Mortgage, has an even sunnier assessment. “Though mortgage rates are rising from the incredible lows we experienced last year, they’re still not at all what we’d consider high.
Realty Biz
AUGUST 17, 2022
It’s no secret that we’re in the digital age, and real estate agents have had to adapt in recent years. Today, around 70% of realtors have a website. Wait, only 70%? That means that nearly a third of all real estate agents don’t have the central piece of their online marketing strategy. If you don’t have your real estate listings online, then let’s talk about the importance of online marketing for real estate agents!
Real Trends
AUGUST 17, 2022
As we enter the second half of the year, how does one get leads to convert in a shifting market? The key is to focus on the relationships with your current client base, past and future clients. Relationships can keep business flowing no matter what’s happening in the market. Engaged conversation leads to closings, so here are four pieces of advice on how to make that happen: Create a plan.
Realty Biz
AUGUST 17, 2022
The LGBTQ+ Real Estate Alliance today unveiled its second-annual LGBTQ+ Real Estate Alliance Top Producers list which honors 237 individual member agents and teams, an increase of 20% over last year’s inaugural list. RealTrends created the report in concert with The Alliance as the real estate industry’s only recognition of top producing LGBTQ+ and ally agents. .
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