Mon.May 01, 2023

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Opinion: Setting the record straight on mortgage pricing

Housing Wire

Recently, the director of the Federal Housing Finance Agency (FHFA) issued a statement clarifying the agency’s rationale for changes to loan level pricing adjustment (LLPA) fees going into effect on May 1. The changes have created some controversy due to the fact that better credit quality borrowers will experience higher fees after May 1 than under the current LLPA grids and vice versa for lower credit quality borrowers.

Mortgages 409
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Mortgage fee changes raise costs for some, lower costs for others

Real Estate News

The new mortgage fee structure taking effect today is an attempt by the FHFA to create "equitable and sustainable access to homeownership.

Mortgages 262
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Beyond TRID: Safeguarding compliance on every loan

Housing Wire

With lenders competing for every purchase transaction, some may be dusting off products they haven’t used in years or expanding their credit box to accommodate more borrowers and increase access to homeownership. Ensuring that creativity doesn’t compromise compliance takes serious research and constant QC system updating. We’ve asked Phillip McCall, president and chief operating officer at ACES Quality Management , how lenders can keep up with new and upcoming regulations to maintain loan qualit

Loans 361
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Why Buying a Home Makes More Sense Than Renting Today

Keeping Current Matters

Wondering if you should continue renting or if you should by a home this year?

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3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

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CFPB proposes rule to bolster PACE loan borrower protections

Housing Wire

The Consumer Financial Protection Bureau (CFPB) announced on Monday a proposed rule that seeks to bolster consumer protections for borrowers seeking Property Assessed Clean Energy ( PACE ) financing for home renovations. These loans, which are often used to finance environmentally-minded renovations, like the addition of solar panels, have led to financial instability for some borrowers.

Loans 346
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What agents need to know as the complex mortgage fee hike kicks in

Inman

Loan-level pricing adjustments — a fee on mortgages — led to widespread misinformation leading up to the May 1 hike. Inman spoke to experts about what the changes mean for homeowners.

Mortgages 164

More Trending

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The 5 benefits of real estate mentorship

Inman

We asked top-performing luxury agents for their take on why mentorship drives such success for luxury professionals, whether they’re new to the business or seasoned experts.

Agents 147
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May Real Estate Magazine Cover Story: Global MLS + AI

RIS Media

Real Estate Webmasters (REW) is taking on a huge challenge. The worldwide leader in real estate websites, lead generation and CRM is building a global MLS and leveraging new artificial intelligence technologies via OpenAI/ChatGPT. With the help of its new AI Robot, REWPert, the company’s goal is to solve the global problem of consumer access… The post May Real Estate Magazine Cover Story: Global MLS + AI appeared first on RISMedia.

MLS 114
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‘Trailblazer and icon’: Real estate reacts to Sherry Chris’ retirement

Inman

Inman reached out to the many real estate professionals who've been impacted and inspired by Chris during her tenure to get their thoughts on her legacy and her influence.

Brokerage 148
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Inventory Constraints Contribute to a Dip in Pending Sales in March 2023

NAR: Economic Outlook

Pending Sales Dip in March 2023 NAR released a summary of pending home sales data showing that March's pending home sales pace fell 5.2% last month and 23.2% from a year ago.

Sales 110
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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Troubled real estate eyed as JP Morgan takes over First Republic

Inman

Berkshire Hathaway Vice Chair Charlie Munger warned of "trouble ahead" for the U.S. commercial property market as federal regulators seized First Republic Bank early Monday morning.

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In New Partnership, CubiCasa’s Floor Plans App Is Coming to Bright MLS

RIS Media

Software company CubiCasa has partnered with Bright MLS, the second largest Multiple Listing Service (MLS) in the country, to offer CubiCasa’s easy-to-use floor plan creation app to Bright subscribers. The collaboration will expand the use of floor plans on listings within the Bright MLS membership pool. “Bright has identified visual media, including floor plans, as… The post In New Partnership, CubiCasa’s Floor Plans App Is Coming to Bright MLS appeared first on RISMedia.

MLS 106
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Inside the lavish world of luxury real estate and high-net-worth clients

Inman

Stay ahead of the competition with the latest luxury market insights and data from David Friedman, co-founder of WealthQuotient.

Marketing 137
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How Accurate Is the Zillow Zestimate? The Truth Behind the Numbers

The Close

Cue the Zillow jokes (my favorite: the “a” in Zillow stands for accuracy), but love it, hate it, or really really hate it, the Zestimate is here to stay. We’ve seen it all: the homeowner who sends screenshots at midnight of a Zestimate change, the client who ignores local expertise in favor of the Zestimate, and the buyer who wants to offer far less than the Zestimate because there’s no way it’s valid.

Agents 105
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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

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.

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Inman unveils its inaugural 2023 ‘Best of Finance’ award winners

Inman

For the first time in its history, Inman recognized more than 120 companies for their influence and ingenuity in the mortgage and financial services space.

Finance 113
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Survey: Spring Sellers Are Open to Minimal Property-Price Negotiation

RIS Media

Forbes Global Properties, a curated consumer marketplace of luxury homes and an invitation-only membership network of top real estate firms, has released this month’s Luxury Agent Poll. When asked about a seller’s tolerance for negotiability in the current market, 62% of Forbes Global Properties domestic experts reported an acceptable range of just 0-5% under the… The post Survey: Spring Sellers Are Open to Minimal Property-Price Negotiation appeared first on RISMedia.

Agents 103
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The 11 Lasting Truths Of Real Estate: These Experts Divulge Their Secrets To Success

Bigger Pockets

Real estate has many enduring truths, but these are the 11 that are total must-haves. Unlock the secrets (but no-so secret) to success here!

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Questions a Mortgage Lender Will Ask When Providing Home Loans

Maximum Exposure Real Estate

What Questions Can You Expect from Lenders? Are you interested in knowing what questions a mortgage lender will ask you when getting a loan to buy a house? The questions mortgage lenders will ask potential borrowers are pretty straightforward. Applying for a mortgage can be intimidating—you know they will ask you many questions and request […] The post Questions a Mortgage Lender Will Ask When Providing Home Loans appeared first on Maximum Real Estate Exposure.

Loans 98
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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

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.

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Avoid the Realtor Trap

Broke Agent Media

Let’s dive into an issue that is often overlooked in the world of real estate: Shame. Shame is a feeling that we all experience, yet it’s a topic that we often shy away from discussing. We’ve all been there, scrolling through Instagram and seeing a colleague who’s closed another million-dollar deal, won another award, or gone viral with their content.

Land 98
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Demand for Luxury Housing Outpaces Supply Moving Further Into 2023

RIS Media

The luxury housing market in the first quarter of 2023 is currently in the midst of an ongoing re-alignment from its overheated state of the last two years, yet it remains resilient as high-net-worth consumers continue to view real estate as a sound investment. This is all despite gyrations in financial institutions and global governments,… The post Demand for Luxury Housing Outpaces Supply Moving Further Into 2023 appeared first on RISMedia.

As-is 98
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A Realtor’s meaningful calling to focus on affordable housing

The American Genius for Real Estate

Seeing the difference homeownership made for her, this Realtor decided that it was her next calling to highlight affordable housing.

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May Content Ideas for Agents

Broke Agent Media

It’s already May. This year is basically over. Forget the intro. Let’s get into some content ideas. HOLIDAYS May 4th: Star Wars Day Share some Star Wars Memes/real estate memes. Use Star Wars audio like “The Force” and try to make one of these happen with your hand: getting an offer accepted, opening a lock box, turning off the lights, etc. Maybe throw a Yoda quote up on your IG story and see if any of your clients are nerds like YOU!

Agents 98
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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

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.

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Inventory Watch

BubbleInfo

The lower-end is sizzling with more pendings than active listings, and the higher-end really isn’t bad either with a ratio under 4:1 (there were years when the RSF market was 10:1): The unsold listings should start stacking up by next month and the number of actives drift higher until August/September.

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May Content Ideas for Agents

Broke Agent Media

It’s already May. This year is basically over. Forget the intro. Let’s get into some content ideas. HOLIDAYS May 4th: Star Wars Day Share some Star Wars Memes/real estate memes. Use Star Wars audio like “The Force” and try to make one of these happen with your hand: getting an offer accepted, opening a lock box, turning off the lights, etc. Maybe throw a Yoda quote up on your IG story and see if any of your clients are nerds like YOU!

Agents 97
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Invest in the Best: 5 Home Add-Ons That Add Value to Your Property

RISMedia

By Dixie Somers Adding value to your home doesn't always have to be a big project. Small add-ons such as updated appliances and curb appeal can make a lasting impression that will increase the overall worth of your property. Investing in these updates can help you create a space that stands out from the rest, […] The post Invest in the Best: 5 Home Add-Ons That Add Value to Your Property appeared first on RISMedia's Housecall.

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New and Notable Homes For Sale Over $5 Million | May 2023

Sotheby's International Real Estate

From a spectacular contemporary home in Scottsdale, Arizona, to an elegant estate in Calgary, Canada, these are this month’s five featured notable properties for sale over $10 million. Turtle Tail, Turks and Caicos Islands Nina Siegenthaler, Joe Zahm | Turks & Caicos Sotheby’s International Realty Above clear turquoise waters, carved into the organic ridge of the elevated iron shore landscape at the outpost of the Turtle Tail peninsula, is Nivå, a site with sunrise and sunset vistas de

Sales 81
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5 Data Proven Ways Agents Can Do 18% More Business

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.

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Combat the Summer Heat With These Preventative Measures

RISMedia

By Kara Masterson Summer is here, and it brings with it a lot of heat, making it necessary to keep your home cool and comfortable. However, before you break your bank, you can take precautionary measures to keep your home cool and save on the power bill. Cooling your home can be challenging during those […] The post Combat the Summer Heat With These Preventative Measures appeared first on RISMedia's Housecall.

Banks 112
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As Seattle businesses welcome back Amazon, workers guess at future

Seattle Times Real Estate

On the first day of Amazon's return to office, South Lake Union was quiet but not silent as business owners hoped for a rush and workers prepared for a change.

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Why Real Estate Agents Should Use Whatsapp as a Real-time Messaging Tool

Realty Biz

WhatsApp has become one of the most popular messaging apps worldwide, with over 2 billion active users in 180 countries. It’s a powerful tool that has revolutionized the way people communicate, and its potential applications are numerous, including in the real estate industry. For real estate agents, WhatsApp can be an effective tool for building relationships with clients, providing customer service, and facilitating transactions.

Agents 77
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Interview With Mortgage Broker, Tony Della Sciucca!

Toronto Realty Blog

TorontoRealtyBlog Here it is, enjoy! Thanks for viewing, and feel free to ask follow-up questions below! The post Interview With Mortgage Broker, Tony Della Sciucca! appeared first on Toronto Realty Blog.

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Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

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.