Fri.Jan 20, 2023

article thumbnail

The mortgage industry is nervous about LLPA fee changes

Housing Wire

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.

article thumbnail

Viyaleta Kachan was 1 of the 21,434 Americans to launch a real estate career in 2022. Here’s her story

Inman

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.

Agents 190
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Housing inventory falls under 1M again as sales collapse

Housing Wire

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.

Sales 540
article thumbnail

Inside Real Estate acquires industry competitor BoomTown

Inman

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.

article thumbnail

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.

article thumbnail

How in-between tech can save the title industry

Housing Wire

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.

Title 377
article thumbnail

Slew of Lansing area teams moves from Coldwell Banker to RE/MAX

Inman

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.

Agents 157

More Trending

article thumbnail

Jonathan Klein: ‘Proptech is everyone’s friend’

Inman

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.

article thumbnail

Aurora seeks third extension to deadline for merger with Better.com

Housing Wire

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

Finance 362
article thumbnail

RE/MAX rolls out MAX/Tech platform powered by kvCORE

Inman

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.

article thumbnail

Old Republic CEO to retire at the end of January

Housing Wire

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.

Title 335
article thumbnail

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.

article thumbnail

Not another real estate video! 7 YouTubers who’ll teach you something new

Inman

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.

Agents 164
article thumbnail

How to Finish Your Basement With Projects People Love

Realty Biz

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.

As-is 131
article thumbnail

NAR: New Fannie and Freddie mortgage fees will hit middle class

Inman

Mortgage giants' federal regulator eliminates upfront fees for first-time homebuyers of limited means, but some better-off borrowers will see increases.

Mortgages 157
article thumbnail

Inside Real Estate acquires fellow proptech firm BoomTown

Real Trends

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.

article thumbnail

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.

article thumbnail

Existing-home sales dip for 11th month, but NAR sees light ahead

Inman

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.

Sales 157
article thumbnail

Homeowners Reveal Their Top 5 (Doable!) Home Projects for the New Year

Realtor.com

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.

Mortgages 111
article thumbnail

What does the cold-calling lawsuit mean to agents? The Real Word

Inman

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.

Agents 148
article thumbnail

Chelsea Stewart Out of the Box Listing Ideas

Realty Biz

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.

article thumbnail

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.

article thumbnail

Coldwell Banker reportedly closing offices in Chicago

Inman

The move follows layoffs by parent company Anywhere, which said the company would be looking for more ways to cut costs, including office space.

Closing 148
article thumbnail

Existing Home Sales End 2022 with Weakest Year Since 2014

Eye on Housing

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.

Sales 107
article thumbnail

Alexanders partner with top Compass agent for LA expansion

Inman

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.

Agents 156
article thumbnail

Luxury Real Estate Headlines: Third Week in January, 2023

Sotheby's International Real Estate

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

Design 106
article thumbnail

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.

article thumbnail

Hilton & Hyland taps David Kramer to succeed Jeff Hyland as president

Inman

Kramer has been with the luxury boutique firm since 2005 and is one of Hilton & Hyland's top producers. He succeeds the late Jeff Hyland, who died of cancer nearly a year ago.

Brokerage 147
article thumbnail

Frenzy Monitor

BubbleInfo

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.

Marketing 105
article thumbnail

Blockchain Home Registry is on a mission to return home data to the people: Tech Review

Inman

Blockchain Home Registry, built by the team behind Torri Homes, aims to offer consumers incentives for supplying real estate data.

MLS 170
article thumbnail

10 Tips for Home Sellers Transitioning to a Rental

Realty Biz

As a home seller , you may find yourself in a situation where you need to transition to renting a new place. This situation can be stressful, but it doesn’t have to be. With the right tips and tricks, you can make your transition to renting easy and stress-free. Here are 10 tips for home sellers transitioning to renters: 1. Check Your Credit Score Before you start the process of renting, it’s important to check your credit score.

article thumbnail

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.

article thumbnail

Oppenheim Group’s ‘Selling the OC’ renewed for 2 more seasons

Inman

Production for the next season of the real estate reality TV show is reportedly scheduled to begin sometime this winter.

Brokerage 157
article thumbnail

Student Housing Report

Broke Agent Media

BAM Key Details: Yardi Matrix’s National Student Housing Report projects another strong year for the student housing market in 2023. As of December, 48% of beds at Yardi 200 universities were already leased for Fall 2023, a new record high. The strong performance of student housing in an uncertain economy makes it an excellent choice for property investors, particularly those interested in rental properties.

article thumbnail

Home prices are looking softer to Fannie Mae economists

Inman

With a recession looking increasingly likely, Fannie Mae economists expect national home prices to fall 6.7 percent over the next two years.

Sales 147
article thumbnail

Zillow Reports Housing Market is Closer to ‘Normal’

Broke Agent Media

BAM Key Details: Zillow reports the U.S. housing market, weighed down by cost strains and seasonal cooling, is moving closer to “normal.” Mortgage rates are down and have brought a slight reduction in monthly mortgage costs, but rates are still high enough to make both buyers and sellers cautious about returning. Zillow reports the U.S. housing market is closer to “normal.

article thumbnail

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.