Realty Biz

JANUARY 10, 2023

Selling a house as-is means selling the property without making any repairs or improvements. With all its flaws, the buyer takes the property and is responsible for any repairs or upgrades needed. The seller does not have to make any repairs before the sale, but certain disclosures are still made to the buyer. You can sell a house as-is to an individual buyer or companies like Vancouver Redevelopment , which specializes in buying houses as-is.

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As-is Purchase and sale agreement Renovation Sales 93

Housing Wire

JANUARY 10, 2023

Wells Fargo , the largest depository mortgage lender in America, announced Tuesday that it will officially exit the correspondent channel and also reduce its servicing portfolio, the country’s largest. . The move isn’t much of a surprise. Executives have hinted at it over the past year and Bloomberg reported in August that Wells Fargo would likely shrink or eliminate the correspondent channel.

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Closing Lending Banks Equity 501

Keeping Current Matters

JANUARY 10, 2023

Home equity has been a hot topic in real estate news lately.

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Equity Marketing 279

Housing Wire

JANUARY 10, 2023

Potential homebuyers’ purchase sentiment improved slightly in December, but that still remains well below pre-pandemic highs, according to new data from Fannie Mae. Ongoing affordability challenges are expected to limit buyers from entering the market in 2023, according to Fannie Mae , which will result in continued decline in home sales in coming months.

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Inman

JANUARY 10, 2023

Blend also announced the resignations of President Timothy Mayopoulos, Head of Finance Marc Greenberg and Head of Legal Crystal Summer amid a round of cuts impacting about 340 workers.

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Finance Industrial Mortgages 167

Housing Wire

JANUARY 10, 2023

A new Redfin report found a record 41.9% of home sellers gave concessions to homebuyers in Q4 of 2022, through money for repairs and mortgage-rate buydowns. This represents the highest increase of any three-month period since July 2020 when Redfin started tracking this data. In Q3 of 2022 and Q4 of 2021, sellers gave concessions in 30% of home sales.

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Housing Wire

JANUARY 10, 2023

San Francisco-based Blend Labs will sharply reduce its workforce and make changes to its leadership as it seeks to achieve profitability, the company announced on Tuesday. . Amid a rapidly shrinking mortgage market, the company reported a loss of $133.98 million in the third quarter of 2022. It resulted from a big decline in mortgage banking, title insurance revenues and an impairment related to the Title365 segment. .

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Title Finance Mortgages Banks 448

Inman

JANUARY 10, 2023

The nation's highest court will not be weighing in on whether the real estate trade group's Clear Cooperation Policy violates antitrust laws. The case proceeds in a lower court.

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MLS 158

Housing Wire

JANUARY 10, 2023

Well, here we are at the beginning of another year. For those of us in housing finance, the calendar year change really does mean something. There is a mix of hope and uncertainty as we anticipate the potential increase of post-holiday volume and the proven run up to the spring and summer buying season. However, all of the concerns from last year threaten to carry over — from the fear of recession to stubborn high home prices and the stickiness of sub 3% mortgage rates that keep future buyers fi

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Industrial Finance Mortgages Equity 397

Inman

JANUARY 10, 2023

The company has slashed its workforce by 11 percent since last June, according to U.S. Securities and Exchange Commission filings. The moves come following months of housing market declines.

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Marketing Brokerage Industrial 158

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.

Industrial

Housing Wire

JANUARY 10, 2023

American Pacific Mortgage (APM) has scooped up roughly 150 employees from 20 AmeriFirst Financial Inc. branches since December 2022, APM confirmed. APM learned the Arizona-based lender’s branches were ceasing originations last month, which led to an opportunity to recruit branch managers, loan originators and processors to make up for the lost production this year, APM’s CEO Bill Lowman said in an interview with HousingWire on Monday.

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Mortgages Loan Officer Loans Finance 396

Inman

JANUARY 10, 2023

A slowdown in new leases paired with higher inventory is expected to hike vacancies and put pressure on rents. "The balance of power in the rental market is rapidly shifting to renters.".

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Marketing 158

Coldwell Banker

JANUARY 10, 2023

With so much at stake in the selling of a home, here's our case for why you should work with a professional agent to stage, list and sell your home. The post Why You Should Use a Real Estate Agent to Sell Your Home appeared first on Coldwell Banker Blue Matter.

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Inman

JANUARY 10, 2023

Come on, brag a little. Don't be shy. Tell us all about your biggest win of 2022, and let us celebrate your success with you.

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Agents 158

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Eye on Housing

JANUARY 10, 2023

Mortgage rates have increased rapidly in 2022, as the Federal Reserve continues to fight high inflation. The U.S. weekly 30-year fixed-rate mortgage rose from a slightly more than 3% in early 2022 to more than 7% in late October and leveled off at a rate of 6.42% as of the end of 2022. Mortgage payments have increased from $1,925 on.

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Fixed-rate mortgage Mortgages 131

Inman

JANUARY 10, 2023

Nashville, Tennessee-based lender to serve entrepreneurs and gig workers nationwide is accepting alternative forms of income and assets including cryptocurrency.

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Lending Mortgages Industrial 158

Coldwell Banker

JANUARY 10, 2023

Before listing your property, consider that proper staging is one of the most important factors in enhancing your home’s appeal and most flattering features. The post Staging Tips to Sell Your Home This Spring appeared first on Coldwell Banker Blue Matter.

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Staging 130

Inman

JANUARY 10, 2023

Ad marketplace is the first to implement Optimal Blue's new lead-quoting application programming interface, allowing ads to display rates from multiple lenders.

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Mortgages MLS Technology Marketing 158

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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.

Agents

The Mortgage Report

JANUARY 10, 2023

First-time home buyers may qualify for serious benefits, from homeowner education courses to cash assistance with their down payments.

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Closing costs Closing 122

Inman

JANUARY 10, 2023

Find out how this luxury agent developed his high-flying real estate career without ever losing sight of his passions and interests.

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Development Agents 157

Eye on Housing

JANUARY 10, 2023

The balance of consumer credit outstanding grew 7.1% in November 2022 (seasonal adjusted annual rate) after climbing 7.4% (SAAR) in October according to the Federal Reserve’s latest G.19 Consumer Credit report. Revolving debt—which consists primarily of credit card debt—increased at a 16.9% rate, more than four times the growth of nonrevolving debt (excluding real estate) which grew 3.9% (SAAR).

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Loans 119

Inman

JANUARY 10, 2023

Keller Williams President Marc King told Inman he was confident in the brokerage's path to success in 2023 despite a few bumps on the road to becoming the "Disneyland" of real estate.

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Brokerage Agents 148

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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.

Agents

Coldwell Banker

JANUARY 10, 2023

Tips for reimagining and breathing new life in underutilized spaces in your home. The post The Case for Repurposing Your Space appeared first on Coldwell Banker Blue Matter.

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Inman

JANUARY 10, 2023

A poll of hundreds of real estate investors found that the vast majority saw business growth in 2022 and plan to continue investing in 2023. Here's what agents need to know.

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Investor Marketing Agents 148

Realtor.com

JANUARY 10, 2023

fizkes/iStock This may indeed be the case if you’ve found that perfect house, only to have lenders inform you that you don’t qualify for a mortgage. Enter the co-signer. What does having a co-signer mean for you as a home buyer, and what are the benefits and risks? Read on! Why a buyer might need one. That property you’re eyeing may be just out of your price range, or perhaps you have either a poor or no credit history.

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Debt-to-income ratio Mortgages Loans Banks 105

Inman

JANUARY 10, 2023

Is the future coming at you fast? Tech expert Brandon Doyle reviews technology "breakthroughs" that you don't need to stress over.

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Technology Agents 148

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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.

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Realtor.com

JANUARY 10, 2023

Getty Images Many homebuyers today are losing sleep over steeply rising interest rates , which have more or less doubled over the past year and reached their highest level in two decades. Now hovering in the mid-6 % range, these higher rates are adding hundreds, or even thousands, to the monthly housing costs of new buyers. Yet buyers who feel trapped into paying high interest should know that there is a way to lower that rate with a mortgage rate buy-down.

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Mortgages Loans Fixed-rate mortgage Loan Officer 105

Inman

JANUARY 10, 2023

In Glendale, California, a homebuyer with a median household income for the area can expect to save for 15.1 grueling years, compared to counterparts in Detroit, who will save for just 2.6 years.

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Agents Marketing 148

The Mortgage Report

JANUARY 10, 2023

Today’s mortgage and refinance rates Average mortgage rates fell again yesterday, though much more modestly than they did last Friday. So far this morning, markets are signaling that mortgage rates […].

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Mortgages Marketing 105

Inman

JANUARY 10, 2023

If you want your team to come out of winter ready for the spring market, you need to create a support system that fosters momentum, writes trainer Rachael Hite. Help your team and show them appreciation with tools that capture business, not just empty words of encouragement.

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Agents Marketing Brokerage 146

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