Housing Wire
AUGUST 14, 2023
One of Texas’ top mega teams , Nest Finders , is partnering with r eal estate brokerage as a service platform , Pinnacle Realty Advisors , according to an announcement on Monday. Pinnacle Realty Advisors will supply Nest Finders with back-end support and tools such as on-demand broker support, as well as PinnacleHQ , Pinnacle’s virtual office and services marketplace.
Keeping Current Matters
AUGUST 14, 2023
Plenty of people are still moving these days.
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Housing Wire
AUGUST 14, 2023
A ransomware attack has crippled Rapattoni, a Southern California data host for property listing information. Santa Rosa-based Bay Area Real Estate Information Service (BAREIS) and other MLSes, who are clients of Rapattoni, fell victim of the cyberattack. This form of cybercrime encrypts the victim’s data and demands a ransom for its release. The incident left agents from all across the country scrambling for workarounds to navigate the disruption to their marketing and property sales efforts, t
Real Estate News
AUGUST 14, 2023
A new report from Redfin found that homes in high-opportunity neighborhoods sold for nearly 40% more than homes in low-opportunity neighborhoods.
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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.
Housing Wire
AUGUST 14, 2023
The American Land Title Association (ALTA) is celebrating a huge win in its ongoing war against title insurance alternatives. Fannie Mae is no longer considering a pilot program that would bypass traditional title insurance by granting certain mortgage lenders a waiver on title insurance requirements for loans sold to Fannie, according to an announcement earlier this month.
Real Estate News
AUGUST 14, 2023
When the case goes to trial next month, NAR policies on IDX feeds — which Zillow began using in 2021 — could be put to the test.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Inman
AUGUST 14, 2023
Compass has recruited the second-largest Coldwell Banker teams in Denver and Seattle, the Infinity Pros team and the Get Happy At Home team. They are the 51st and 52nd agents or teams to move from Coldwell Banker to Compass this year.
Housing Wire
AUGUST 14, 2023
The regulator of Fannie Mae and Freddie Mac improperly amended stock purchase agreements in 2012 when it allowed the U.S. Treasury to sweep up the companies’ net profits, a jury in Washington, D.C. found Monday. The jury awarded shareholders of the government sponsored enterprises a total of $612.4 million in damages. Fannie Mae will pay junior preferred shareholders $299.4 million and Freddie will pay $281.8 million.
Inman
AUGUST 14, 2023
When listing a luxury home, the quality of the kitchen is critical. Just ask John Messina, Licensed Associate Broker and Global Real Estate Advisor at Daniel Gale Sotheby’s International Realty: “The kitchen is the heart of a home,” he says. “It can determine whether a home sells right away or languishes on the market.
Housing Wire
AUGUST 14, 2023
Though its overall mortgage strategy has apparently not changed, Rocket Mortgage is undoubtedly ramping up its initiative to hire local loan officers to win purchase business. The Detroit-based lender plans to recruit up to 500 LOs by the end of 2023, more than triple the current local LO pool. “Rocket has already hired 150 (locally based mortgage loan originators) field reps,” said Laine Kostegian, strategic sales director at Rocket, said at Inman Connect, per mortgage broker Jeff Lazerson, wh
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.
Inman
AUGUST 14, 2023
In today's dynamic real estate market, sellers are seeking more efficient and hassle-free ways to sell their homes. They want more choice, options, and control over how and when they sell.
Housing Wire
AUGUST 14, 2023
When we contemplate the potential of AI and Web3 technologies in real estate , it goes beyond simply revolutionizing how consumers search for homes and take ownership of assets. The true power lies in how these advancements can alleviate the intricate processes involved in assisting real estate agents and brokers in efficiently guiding consumers through successful transactions.
Inman
AUGUST 14, 2023
Retail investors and local landlords offer real estate agents a wide array of options for staying active in a market bereft of traditional inventory, you simply need to know how to connect with them.
Housing Wire
AUGUST 14, 2023
Rate lock activity fell for the second month in July as mortgage rates topped 7% for the first time since November 2022. Overall rate lock volume was down 7% month over month, with purchase lending accounting for 88% of total lock activity, according to Black Knight ‘s originations market monitor report. Even so, purchase lock counts were down 27% year over year and 35% compared to 2019 pre-pandemic levels, as high-interest rates and persisting low inventories dampened demand.
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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.
Inman
AUGUST 14, 2023
Keller Williams President Marc King told Inman he wants KW agents to sharpen their lead generation and conversion strategies as the brokerage's annual Agent Mega Camp hits Austin this week.
Housing Wire
AUGUST 14, 2023
Appraisal modernization is generating a lot of buzz in the real estate lending industry. Expanded use of desktop appraisal technology began out of necessity during the COVID-19 pandemic. Lenders accelerated technology adoption, and regulations were loosened to give lenders more flexibility in using desktop and hybrid appraisals at a time when safety and social distancing were top priorities.
Inman
AUGUST 14, 2023
If you’re putting together a beautiful, thoughtful offer package, your buyers won’t have to supplement with a love letter. Doora Creative Director Janet Pozos tells you how to impress with your pdf.
Housing Wire
AUGUST 14, 2023
For a few months now it has been clear that changes were afoot at title firm Doma. Many of those changes came to light last week during the company’s second-quarter earnings call with investors. Firm founder and CEO Max Simkoff revealed that Doma is exploring a new strategy and will be licensing its instant underwriting software to mortgage originators and secondary market purchasers, in addition to continuing to roll out the software to its independent title agents.
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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.
Inman
AUGUST 14, 2023
The share of U.S. homes valued at $1 million or more stopped shy of a record notched last summer as high mortgage rates and low inventory drove home prices upward in June, a Redfin analysis shows.
Housing Wire
AUGUST 14, 2023
In 2022, the price of the typical home purchased in “high-opportunity” U.S. neighborhoods — where poor children have the best shot at upward mobility — was $470,000. That’s $130,000 more than the typical home in low-opportunity areas, according to a Redfin report. Redfin analyzed home sales in 100 of the most populous U.S. metropolitan areas, sorting each neighborhood into one of three tiers—low opportunity, intermediate opportunity and high opportunity.
Inman
AUGUST 14, 2023
Nothing is going to disrupt the real estate industry in the years ahead as much as the onslaught of climate change, Minnesota broker Teresa Boardman writes.
Housing Wire
AUGUST 14, 2023
Swiss bank UBS AG announced Monday it has agreed to pay $1.43 billion in penalties to settle a civil action alleging misconduct related to the underwriting, issuance and sale of residential mortgage-backed securities (RMBS) before the 2008 financial crisis. The settlement with the U.S. Department of Justice (DOJ), which refers to a civil action filed in November 2018, does not bring the determination of liabilities, the DOJ said.
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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.
Inman
AUGUST 14, 2023
Shareholders on Friday overwhelmingly approved a plan to merge mortgage lender Better HoldCo with the Aurora Acquisition Corporation. The deal is expected to close before the end of August.
Housing Wire
AUGUST 14, 2023
Local housing markets is a HousingWire magazine feature spotlighting housing trends and data across the country. Othello, Washington Othello is known for its rich geological history, Basalt formations, stunning views and vibrant arts scene. It is also the city Jesse “Weno” Dominguez, an agent at Imagine Realty Group, calls home. “I absolutely love the Columbia Basin and the reason is that we are a unique market.
Inman
AUGUST 14, 2023
Every week Sue "Pinky" Benson answers your most pressing Instagram questions. This week, she's helping you choose some new folks to follow.
Housing Wire
AUGUST 14, 2023
The Fed recently announced yet another interest rate hike, making borrowing more expensive and pushing the prospect of purchasing a new home out of reach for an even greater share of Americans. At the same time, inflation is easing and the economy is showing unanticipated strength, with strong employment numbers and greater than expected GDP. All this means one thing for current and prospective homeowners – they shouldn’t expect the Fed to begin lowering rates any time soon.
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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.
Inman
AUGUST 14, 2023
As scorching heat waves become more frequent and intense this summer, it is imperative for communities to come together and devise innovative solutions to protect their most vulnerable members. Coach Darryl Davis offers ways that real estate professionals can help.
Housing Wire
AUGUST 14, 2023
The mortgage industry continues to be battered by negative headlines amid the slow in demand, the challenges of housing supply, and rising interest rates. It’s no secret that refinance (refi) volumes dropped off a cliff, and the number of homebuyers in the market has shrunk since 2022. That leaves you with a small pool of prospects in a sea that used to be teeming with more volume than you could handle.
Inman
AUGUST 14, 2023
Watch the new Inman Access classes for strategies on how to close more deals in today's complex market, along with how influential and persuasive communication can help grow your business.
Bigger Pockets
AUGUST 14, 2023
One group of homebuyers has been carrying the housing market through the correction and up to this point. Who are they? And where are they going?
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