Housing Wire
JANUARY 20, 2023
The Federal Housing Finance Agency this week made a series of significant changes to loan level pricing adjustment (LLPA) fees charged by Fannie Mae and Freddie Mac on conventional/conforming mortgages. It’s generating concern among mortgage and real estate trade groups, who fear the tweaks will hurt qualified borrowers amid an existing affordability crisis.
Keeping Current Matters
JANUARY 20, 2023
Some Highlights If you’re thinking about selling your house, recent headlines about home prices falling month-over-month may have you second guessing your decision—but perspective matters. While home prices are down slightly month-over-month in some markets, home values are still up almost 10% nationally on a year-over-year basis. A nearly 10% gain is still dramatic compared to the more normal level of appreciation, which is 3-4%.
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Housing Wire
JANUARY 20, 2023
On Friday NAR reported that total housing inventory levels broke under 1 million in December, dropping to 970,00 units for a population of 330 million people. And existing home sales crashed in 2022 from a peak of around 6.5 million in January down to about 4 million in December, We now have total inventory levels near all-time lows again. In one of the most historical years in the U.S. housing market , we just experienced an event that most people never thought could happen.
Inman
JANUARY 20, 2023
Inflation and rising interest rates tilted the housing market off its axis in 2022. Here's the story of one woman who joined the ranks of real estate agents last year — and thrived amid the chaos.
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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
JANUARY 20, 2023
An industry downturn is when leaders find out the real capabilities of the companies they have built. It’s easy to show a profit when sales are high, but when the tide rolls out the dangerous rocks appear. In the title industry , like the rest of the home finance industry, the real dangers are high operating costs that come from inefficiency. As the market contracts, experienced title agency executives can feel the shift and know exactly what it means.
Inman
JANUARY 20, 2023
In advance of his appearance at Inman Connect New York on Jan. 24-26, the founder of PropTech Consulting busts myths about this burgeoning area of the real estate industry.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Inman
JANUARY 20, 2023
In what could be described as the most significant proptech acquisition since Zillow purchased ShowingTime, the resulting company will boast 700 employees and a massive range of customers.
Housing Wire
JANUARY 20, 2023
As the 118 th Congress begins, we return to a divided government in Washington. The American public will be looking to Washington for bi-partisan initiatives and real accomplishments. One of the prime areas of opportunity is affordable manufactured housing homeownership. Last year was challenging for housing and mortgage markets. For the first time in many years, we experienced falling home prices, in part due to skyrocketing mortgage rates which almost doubled from around 3.5% a year ago to nea
Inman
JANUARY 20, 2023
Blockchain Home Registry, built by the team behind Torri Homes, aims to offer consumers incentives for supplying real estate data.
Housing Wire
JANUARY 20, 2023
Blank-check firm Aurora Acquisition Corp. wants to extend the deadline for completing its merger deal with struggling digital mortgage lender Better.com by six months for the third time, further dimming the prospects for the deal to go through. Novator Capital -sponsored Aurora shareholders will vote on an undisclosed date to extend the deadline by which the company “must either consummate a merger, share of exchange asset acquisition, share purchase, reorganization or similar business com
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
JANUARY 20, 2023
Looking to enlarge your perspective and consume content that’s not real estate related? These channels will help you broaden your knowledge base and build your brainpower, while having fun in the process.
Housing Wire
JANUARY 20, 2023
The phrase “in like a lion, out like a lamb” is typically used to describe the month of March, but it is also applicable to existing home sales trends in 2022. After posting a 6.5% month-over-month increase in January , existing home sales trended downward throughout the rest of the year. In December, the seasonally adjusted sales pace for existing homes dropped 1.5% from November to a pace of 4.02 million, according to a report from the National Association of Realtors (NAR) released Friday.
Inman
JANUARY 20, 2023
Four teams previously affiliated with Coldwell Banker Hubell BriarWood in Lansing, Michigan, have moved to RE/MAX Real Estate Professionals Okemos since December representing about 20 real estate agents and staff and nearly $150 million in average annual sales volume.
Housing Wire
JANUARY 20, 2023
Big Four title insurer Old Republic is on the lookout for a new CEO after Mark Bilbrey announced on Thursday that he would be retiring at the end of January. Bilbrey has served as the firm’s CEO since 2019. An industry veteran, Billbrey began working part-time in the title industry over 50 years ago. In a statement shared with the American Land Title Association , Bilbrey said the profession “became my life, my family, my passion and my purpose.
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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
JANUARY 20, 2023
MAX/Tech powered by kvCORE is a new nationwide marketing and business technology solution for RE/MAX offices, teams and agents, the company announced Thursday.
Housing Wire
JANUARY 20, 2023
The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s 2023 HW Finance Leaders are open now through Friday, January 27, 2023. Click here to nominate your organization. When it comes to the challenges faced by C-suite executives in housing, no one has had to bear the brunt of the of uncertain market more than an organization’s chief financial officer.
Inman
JANUARY 20, 2023
Mortgage giants' federal regulator eliminates upfront fees for first-time homebuyers of limited means, but some better-off borrowers will see increases.
Eye on Housing
JANUARY 20, 2023
As elevated mortgage rates and tight inventory continue to weaken housing demand, the volume of existing home sales declined for an eleventh consecutive month as of December, according to the National Association of Realtors (NAR). This is the longest run of declines since 1999. While mortgage rates have retreated in recent weeks due to recession concerns, they are likely to.
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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
JANUARY 20, 2023
Real estate agents should be familiar with these duties and make sure to adhere to them to avoid legal liability and to maintain the trust and confidence of their clients.
Realty Biz
JANUARY 20, 2023
Finishing your basement could cost tens of thousands of dollars, but it is an investment that should offer a good return. It will make your home more attractive to buyers as it's a feature many want. We will look at the ideas for finished basement projects that you can use to create a new, functional, and valuable space in your home. Today's home buyers love having a finished basement and its additional space.
Inman
JANUARY 20, 2023
Production for the next season of the real estate reality TV show is reportedly scheduled to begin sometime this winter.
Real Trends
JANUARY 20, 2023
Real estate technology provider Inside Real Estate has acquired fellow proptech firm BoomTown, as first reported by Inman News. The acquisition closed on Thursday and the financial terms of the deal were not disclosed. The company name will remain Inside Real Estate. “We’re bringing these two industry leaders together, and we’re pumped about it,” Joe Skousen, the founder and CEO of Inside Real Estate, told Inman.
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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
JANUARY 20, 2023
Existing-home sales fell 1.5 percent nationally between November and December while plunging 34 percent from December 2021, according to data released Friday by the National Association of Realtors.
Realtor.com
JANUARY 20, 2023
Getty Images Every homeowner has some project to tackle. When you own a home, there’s always seemingly something that needs fixing, zhuzhing, or general improvement. Sometimes these projects (full-kitchen remodel, anyone?) can seem downright overwhelming. And that sense of the impossible can lead to project paralysis. So we polled homeowners on what small, doable home improvements they want to tackle this year to help inspire you to take on one of your more manageable projects.
Inman
JANUARY 20, 2023
Tal and Oren Alexander are expanding to Los Angeles, and they've recruited top agent Tyrone McKillen to lead their office, according to an announcement Thursday on Instagram.
Sotheby's International Real Estate
JANUARY 20, 2023
Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Corfu, Greece | Greece Sotheby’s International Realty The secluded home on the northeast coast of Corfu looks out over a small bay and has direct access to a white pebble beach and private mooring. Five of the best homes for sale in Europe for winter sun – Financial Times ‘Relaxed With a Lot of Smiling’—Santa Barbara Was Made for Laid-Back Vino Lovers – Mansion Global $4.5 Million Ho
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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
JANUARY 20, 2023
The move follows layoffs by parent company Anywhere, which said the company would be looking for more ways to cut costs, including office space.
Realty Biz
JANUARY 20, 2023
Over the last year and a half, I have been focused on winning listings to grow my business. Especially in a dynamic market, it’s important to think of out-of-the-box ways and twists on tried-and-true methods to land those listings. Here are a few approaches that have helped me find success in 2022. Farming But Make It Personal You might say that farming is an old-school method for gaining listings, but I made it fresh by making it more personal.
Inman
JANUARY 20, 2023
Byron Lazine and Nicole White are two agents in Connecticut who give us their thoughts on the week’s news every Friday in “The Real Word,” a weekly video column on Inman. This week, Lazine and White are talking about the Keller Williams cold-call settlement, the increase in home price cuts, and the weekly media review Left, Middle, Right.
BubbleInfo
JANUARY 20, 2023
The reason for breaking down the active and pending listings by zip code is to give the readers a closer look at their neighborhood stats. We have considered a 2:1 ratio of actives-to-pendings to be a healthy market.
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