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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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!
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.
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
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
Advertiser: Trellis
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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.
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.
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.
Realty Biz
AUGUST 17, 2022
Nearly 87% of people who buy homes finance their home purchases. While many choose 30-year loans, some choose a 15-year mortgage. Financing a home is the easiest way to buy a house. After all, it allows you to pay off your home for the next 15 to 30 years instead of saving enough money to pay cash for it. But why choose a 15-year loan? What causes people to want a shorter loan?
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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.
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.
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
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.
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.
Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty
Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.
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
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.
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.
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.
Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.
In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.
Real Trends
AUGUST 17, 2022
The LGBTQ+ Real Estate Alliance today unveiled its second-annual LGBTQ+ Real Estate Alliance Top Producers list which honors 325 individual member agents and teams, an increase of 20% over the 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.
Sotheby's International Real Estate
AUGUST 17, 2022
Featuring curated videos from the most sought-after destinations the world over, discover this week’s Video of the Week. ?. Kailua, Hawaii | Scott Carvill, Carvill Sotheby’s International Realty. Located on Kailua Beach and completed in 2012, this inspiring home was Designed by award-winning Gast Architects of San Francisco and awarded the LEED GOLD certification.
Real Trends
AUGUST 17, 2022
As the housing market shifts, demand for lowest-priced homes is strongest, according to an analysis from Zillow , released on Tuesday. Throughout most of the pandemic, homebuyers shopping in the middle and top-price tiers faced the most competition as inventory was more limited than the lower priced tier. However, as home prices have continued to increase and mortgage rates have risen, resulting in the monthly mortgage payment on a typical mortgage increasing 60% year over year, according to Zil
BubbleInfo
AUGUST 17, 2022
The reason for breaking down the active and pending listings by zip code is to give the readers a closer look at their neighborhood stats. We’ve considered a 2:1 ratio of actives-to-pendings to be a healthy market. Most areas today have the same or better stats as they did last month. The number of active […].
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Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.
The Close
AUGUST 17, 2022
When it comes to writing great open house follow-up emails, most new agents don’t have a clue. They either try way too hard, or worse, dump them into a drip campaign. The secret to writing open house follow-up emails that convert is to give leads something they want and make it easy for them to get it from you. Simple! To show you how simple it can be, we put together this list of the best open house follow-up emails to send in 2022.
The American Genius for Real Estate
AUGUST 17, 2022
Every great marketing strategy these days includes influencers, but where should you start? This Chrome extension can close the deal for you. The post This cool Chrome extension finds influencers for you appeared first on The American Genius Real Estate.
Redfin
AUGUST 17, 2022
Are you craving some vitamin D or looking for a change of scenery? Well, you’re not alone. More and more people are looking to move to sunnier cities throughout the country. In fact, sunny, relatively affordable metro areas have been some of the most popular migration destinations over the last few years. . So if you’re considering moving to a sunnier city but aren’t sure which one to choose – we’re here to help.
Mashvisor
AUGUST 17, 2022
The Federal Reserve’s recent actions against inflation might have caused it to go lower, but US housing prices 2022 are still on the rise.
Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty
The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.
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