Wed.Jul 19, 2023

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Go Mortgage sues former capital markets director for ‘corporate sabotage’

Housing Wire

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 367
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Explaining Today’s Mortgage Rates

Keeping Current Matters

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 206
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LeadingRE adds Courted to Solutions Group program

Housing Wire

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 361
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Homes.com traffic up 200% — could it become a top portal?

Real Estate News

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

Marketing 212
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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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Mark McLaughlin returns to Compass

Housing Wire

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 347
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Top strategy exec returns to Compass after 2 years away

Real Estate News

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 182

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Mark McLaughlin back at Compass as chief strategist 2 years after exit

Inman

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 112
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St. Louis Brokerage Affiliates With Century 21

RIS Media

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.

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Here’s how CoStar can beat Zillow and win the real estate portal wars

Inman

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.

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Our Love-Hate Relationship With Rules

RIS Media

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
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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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The Agency Dallas adds on several top producers in the region

Inman

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 103
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Mortgage Applications Continue Upward Trend

RIS Media

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.

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Economy’s strength could keep a damper on existing-home sales

Inman

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 103
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Report: Single-Family Rents Return to Pre-Pandemic Levels

RIS Media

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.

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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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Partnership gives The Agency clients 1stDibs on interior design

Inman

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 101
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New Constructions Tumble, Surprising Analysts

RIS Media

One month after the biggest surge in housing starts in the last couple years, new constructions fell sharply, disappointing analysts and blunting hopes of a long-term rally by builders. Starts fell 8% in June, after rising over 21% in May, with new permits down 3.7% as the housing industry continues to see-saw through a shaky… The post New Constructions Tumble, Surprising Analysts appeared first on RISMedia.

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InspectionGo takes off: Lands $5.5M funds, acquires 2 companies

Inman

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 101
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Affordable Housing Lottery Opens for East New York Apartments Starting at $589 a Month

Brownstoner

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.

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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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Lower mortgage rates only boost refinancing applications

Inman

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 106
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One of the Seattle-area’s most expensive homes gets a $15M price cut

Seattle Times Real Estate

Luxury real estate agents say their listings typically sell to all-cash buyers. But the highest-end properties aren’t totally immune from a cooling market, either.

Agents 97
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Searching for lead help? SEO Savvy Agent might be the result you need

Inman

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 95
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Daily Links: Governor Announces 421a Style Incentives for Developers in Gowanus

Brownstoner

In the News Hochul to Order Stopgap Measures in Face of New York’s Housing Crisis [NYT] Beverly Moss Spatt, Protector of Landmarks in New York, Dies at 99 [NYT] MTA to Spend $50M on Free Bus Routes, Boosted Subway Service [NYP] Noisy Nighttime BQE Jackhammering to Begin July 24 [Eagle] Construction Worker Buried in Bushwick… Read More > The post Daily Links: Governor Announces 421a Style Incentives for Developers in Gowanus appeared first on Brownstoner.

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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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What’s the most outlandish request a luxury client has made?

Inman

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
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Home Appraisal: How It Works & How Much It Costs

Bigger Pockets

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

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Leading RE selects recruitment app Courted for Solutions Group

Inman

The brand has chosen Courted — a mobile application designed to empower the way agents, teams and brokerages network — for inclusion on its list of preferred vendors and resources.

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Real estate commission dispute? Do this.

Real Trends

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.

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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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Getting social: 7 steps for exploring emerging platforms

Inman

Keen on venturing into a new social media platform? Jessi Healey provides an instructive, step-by-step guide to acquaint you with the latest digital offerings.

Agents 92
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Q&A Session With Housing Analyst, Ben Rabidoux!

Toronto Realty Blog

Thank you to the TRB readers for providing such great questions for Ben! Here's "Part One" of the interview, with Part Two to follow on Friday.

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Real estate is a science. Selling it is an art

Inman

Creativity, flair, experience and talent must be applied to the facts of the science to achieve the best possible outcome, Associate Broker Ken Sisson writes.

Sales 91
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How to Get a Mortgage After Divorce

Realty Biz

What to Know About Mortgages and Divorce Getting a mortgage after divorce involves several essential steps. Buying a house after a divorce is finalized can be more straightforward when well prepared. Let's examine the process of getting a loan post-divorce. First, review your credit score and history to ensure you meet the lender's requirements. Obtain a pre-approval letter from lenders to understand your borrowing capacity.

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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.