Housing Wire

JULY 19, 2023

Go Mortgage sued its former director of capital markets for “corporate sabotage,” alleging computer fraud, violation of trade secrets, breach of contract and tortious interference with a business relationship. The lender claims actions by Katie Chikonde cost the lender millions of dollars. Chikonde, who was hired in January 2021, managed Go Mortgage’s warehouse lines, pricing, hedging and loan sales.

Mortgages 370

Mortgages Marketing Lending Construction 370

Keeping Current Matters

JULY 19, 2023

If you’re following mortgage rates because you know they impact your borrowing costs, you may be wondering what the future holds for them.

Mortgages 246

Mortgages Marketing 246

Housing Wire

JULY 19, 2023

Courted , which specializes in data science and artificial intelligence for real estate brokerages, has joined Leading Real Estate Companies of the World ‘s Solutions Group program. The program offers preferred business resources to LeadingRE ‘s network of 550 top real estate firms globally. Courted’s platform equips brokerage leaders with advanced tools to target agents and improve recruitment based on their potential for future production.

Brokerage 369

Brokerage Residential Agents 369

Real Estate News

JULY 19, 2023

Zillow's site visits were up, but the portal lost market share while Homes.com and Redfin made gains, and Realtor.com slumped.

Marketing 244

Marketing 244

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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.

Development

Housing Wire

JULY 19, 2023

Existing home sales have declined approximately 30% since mortgage rates started rising in the fall of 2021, according to First American ’s Potential Home Sales Model for June 2023. But home sales may have now reached their bottom and are ready to settle at a new normal somewhere between the breakneck pace of 2020 and 2021 and the low pace of earlier this year, according to Mark Fleming, chief economist at First American.

Sales 368

Sales Mortgages Marketing As-is 368

Real Estate News

JULY 19, 2023

Mark A. McLaughlin is back at Compass as the company’s chief real estate strategist. He left the company in 2021 to pursue consulting opportunities.

As-is 189

As-is 189

Inman

JULY 19, 2023

Record-low inventory and rebounding buyer demand buoyed U.S. homesellers' profit margins for the first time in a year, according to a quarterly market report published Thursday by real estate data firm Attom. Profit margins for median-priced single-family home and condo sales increased 3.8 percentage points from 43.8 percent in the first quarter to 47.7 percent in the second quarter.

Sales 144

Sales Marketing 144

Housing Wire

JULY 19, 2023

The executive shake ups in the brokerage space are continuing this week, with Compass announcing that Mark McLaughlin is returning to the firm to serve as Chief Real Estate Strategist. McLaughlin previously became a key member of Compass in 2018 when the brokerage purchased his firm, Pacific Union , for north of $80 million. He ultimately left Compass in 2021.

Brokerage 366

Brokerage Title Agents Industrial 366

Inman

JULY 19, 2023

Were they out of touch? Did they expect you to wait on them hand and foot? What outrageous expectations do luxury clients have?

Agents 114

Agents 114

Housing Wire

JULY 19, 2023

Six Southern states — North and South Carolina, Texas, Florida, Georgia and Tennessee — now add more to the national GDP than the Northeast, according to a Bloomberg analysis of recently published Internal Revenue Service data. The transition happened during the pandemic. Millions of transplants brought about $100 billion in new income to the Southeast in 2020 and 2021 alone, while the Northeast lost roughly $60 billion.

Land 366

Land Construction New Construction Branding 366

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

Inman

JULY 19, 2023

Former Pacific Union CEO and Compass California President Mark McLaughlin is returning as chief real estate strategist following a 2-year hiatus. McLaughlin's new role will focus on improving the agent experience.

Agents 114

Agents As-is Brokerage 114

Housing Wire

JULY 19, 2023

Over the past year or so, we have seen an uptick in questions relating to commission disputes between brokers and their clients. This may be the result of fewer listings and slower sales, but we do not know for certain. A typical commission dispute arises when, after signing a listing agreement or buyer-broker agreement: A seller-client “cancels” a valid purchase contract.

Purchase and sale agreement 362

Purchase and sale agreement Brokerage Agents Sales 362

Inman

JULY 19, 2023

CoStar is already borrowing a page from other big insurgent companies, including Nike, Apple and Pepsi. But whether it can surpass Zillow may depend on how much it spends, analysts told Intel.

Technology 113

Technology Industrial Marketing 113

Housing Wire

JULY 19, 2023

The lack of existing homes for sale on the market is driving a resurgence of home-price growth and supporting increases in new home construction, according to Fannie Mae ’s Economic & Strategic Research (ESR) group. “The extent of the ongoing lack of inventory has exceeded our prior expectation,” the ESR group said in its July commentary. “This ongoing lack of inventory, in part due to mortgage lock-in effects, has driven significantly stronger home price appreciation over the first half of

Construction 284

Construction New Construction Mortgages Sales 284

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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.

Brokerage

Inman

JULY 19, 2023

Requests for purchase loans are still down 21 percent from a year ago last week, even as mortgage rates retreated from 2023 highs on encouraging inflation news.

Mortgages 113

Mortgages Loans Marketing 113

Housing Wire

JULY 19, 2023

Housing demand collapsed in 2022, and the homebuilders’ confidence survey looked like a waterfall collapse similar to during COVID-19 and the great financial crisis. However, something changed toward the end of 2022, and the homebuilders are now singing Party Rock Anthem as their confidence levels have increased along with their stock prices. As we can see in the chart below, the NAHB/Wells Fargo Housing Market Index (HMI) data, which surveys homebuilders, is above 50 again.

Sales 283

Sales As-is Marketing Mortgages 283

Inman

JULY 19, 2023

The office launched in January 2023 and in the last three months has brought on four big regional names as well as five other high-performing luxury agents, according to the luxury brokerage.

Brokerage 113

Brokerage Agents 113

RIS Media

JULY 19, 2023

Century 21 Real Estate LLC is returning to the St. Louis region with the affiliation of CopperKey Realty. Founded in 2018, the company is owned and operated by husband-and-wife duo Cassie and Chris Kramer. Cassie has been in real estate for nearly 15 years, while Chris joined the field in 2015. Now doing business as… The post St. Louis Brokerage Affiliates With Century 21 appeared first on RISMedia.

Brokerage 98

Brokerage As-is Industrial 98

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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

Inman

JULY 19, 2023

Lack of inventory driven by mortgage lock-in effect may persist if the Federal Reserve maintains a 'higher-for-longer' rate strategy to combat inflation, Fannie Mae economists said.

Sales 113

Sales Mortgages Construction Marketing 113

Brownstoner

JULY 19, 2023

An affordable housing lottery has launched for studio, one-, and two-bedroom apartments for the first building of a large, four-building affordable and supportive housing development rising in East New York. Once completed, the more than 500-unit, mixed-use HELP ONE complex will include 255 affordable rentals, supportive apartments, and a 195-unit… Read More > The post Affordable Housing Lottery Opens for East New York Apartments Starting at $589 a Month appeared first on Brownstoner.

Development 98

Development Marketing 98

Inman

JULY 19, 2023

1stDibs will become an extension of The Agency's personalized service, extending it into the realm of "unparalleled access to exceptional design," according to the luxury brokerage.

Design 113

Design Brokerage Technology 113

RIS Media

JULY 19, 2023

It’s my perception that everyone loves rules…until they are caught breaking them. Everyone believes that everyone else is breaking the rules…except for themselves. Everyone understands the importance of enforcing the rules…until the fines show up on their invoice. The bottom line is that we have a complicated love-hate relationship with rules, and to overcome that,… The post Our Love-Hate Relationship With Rules appeared first on RISMedia.

MLS 98

MLS Development Agents 98

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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

Inman

JULY 19, 2023

InspectionGo (iGo) has closed on $5.5 million in Series A funding as well the joint acquisition of home services proptechs HomeBinder and Repair Pricer, according to a company announcement.

Land 113

Land Closing Inspection Technology 113

The Close

JULY 19, 2023

Most of the agents I talk to these days close 10 to 15 deals a year, have a solid lead generation strategy, and make good money. Some even make great money—but they’re still not happy. They are missing the one thing that could give them valuable time back, take administrative tasks off their plate, and let them focus on building their real estate business: a virtual assistant.

Design 98

Design As-is Sales Closing 98

Inman

JULY 19, 2023

Mynd is a web application that assists investors with finding and managing single-family rentals (SFR) in and from any location within the U.S. It closed today on $20 million in financing to further its offerings, according to an announcement.

Finance 113

Finance Investor Closing Technology 113

RIS Media

JULY 19, 2023

Mortgage applications increased 1.1% from one week earlier, continuing the trend of last week’s 0.9% increase, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 14, 2023. This week’s numbers: The Market Composite Index, a measure of mortgage loan application volume, increased 1.1% on a seasonally… The post Mortgage Applications Continue Upward Trend appeared first on RISMedia.

Mortgages 98

Mortgages Loans Marketing Industrial 98

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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.

Sales

Inman

JULY 19, 2023

Despite a 7 percent drop in single-family housing starts from a month earlier, builder sentiment remains high due to strong demand for new homes, according to Census Bureau data released Wednesday.

Marketing 113

Marketing 113

RIS Media

JULY 19, 2023

Single-family annual rent growth continued to slow in May, ending the month at 3.4%, according to new data from CoreLogic. CoreLogic’s Single-Family Rent Index for May found that despite the past year’s continuously slowing rent growth, the overall rate of increase is roughly back to its pre-pandemic norm recorded between 2010 and 2019. The report… The post Report: Single-Family Rents Return to Pre-Pandemic Levels appeared first on RISMedia.

Industrial 98

Industrial Marketing 98

Inman

JULY 19, 2023

A newly launched education product, SEO Savvy Agent, is designed to help real estate sales professionals learn how to build their brands online to land organic, workable leads, according to the company.

Agents 113

Agents Land Branding Design 113

Bigger Pockets

JULY 19, 2023

The appraisal is a big part of home buying. We'll explain the home appraisal process and what you can expect as an investor.

Investor 98

Investor As-is 98

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