Housing Wire
AUGUST 23, 2023
Builders are taking advantage of the housing market inventory issues , which is why new home sales are growing yearly, even with higher mortgage rates. Today, the U.S. Census and Department of Housing and Urban Development reported that new home sales grew faster than anticipated as the builders who are efficient are finding ways to sell homes in this higher mortgage rate environment.
Real Estate News
AUGUST 23, 2023
Chris Speicher feels "numb" in the wake of devastating wildfires but is committed to helping the community rebuild — in the right way.
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Housing Wire
AUGUST 23, 2023
New York-based digital lender Better.com announced Wednesday the closing of its business combination with the special purpose acquisition company (SPAC) Aurora Acquisition Corp , , ending a two-year journey to make the business public. Better HoldCo, Inc. and Aurora are creating Better Home & Finance Holding Company , which will have Class A common stock listed on the Nasdaq under the ticker “BETR” starting Thursday.
Real Estate News
AUGUST 23, 2023
New construction got another boost in July, with sales up 31.5% year-over-year. Rising mortgage rates may reverse that trend.
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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
AUGUST 23, 2023
New York-based digital lender Better.com has shifted its strategy ahead of its initial public offering (IPO). Following a merger with special purpose acquisition company (SPAC) Aurora Acquisition Corp , Better Home & Financing Co. is expected to begin trading on the Nasdaq Stock Exchange on Thursday under the ticker symbol “BETR.” Better is partnering with other businesses to offer services such as homeowner’s insurance and to provide access to a network of real estate agen
Keeping Current Matters
AUGUST 23, 2023
The housing market continues to shift and change, and in a fast-moving landscape like we’re in right now, it’s more important than ever to have a trusted real estate agent on your side.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Inman
AUGUST 23, 2023
MBA forecasters expect rates to ease and sales to rise next year, but Fannie Mae economists predict home sales will remain subdued even if the Fed pulls off a soft landing.
Housing Wire
AUGUST 23, 2023
After a slump in June, the sales pace of new homes picked up month over month in July, according to data published on Wednesday by the U.S. Census Bureau and the Department of Housing and Urban Development ( HUD ). In July, the sales pace of new homes climbed 4.4% compared to June , reaching a seasonally adjusted annual rate of 714,000. On a year-over-year basis, new home sales were up 31.5%.
Inman
AUGUST 23, 2023
The Kossev Group founder Katie Kossev will be responsible for helping Side's 60 Texas partners grow their businesses through hands-on coaching and support, the company said.
Housing Wire
AUGUST 23, 2023
Mortgage applications fell for the fifth consecutive week as the 30-year fixed-rate mortgage rose to 7.31%, its highest level since December 2000. For the week that ended August 18, mortgage applications fell 4.2% from the prior week , according to data from the Mortgage Bankers Association. This decrease in applications comes on the heels of a drastic U.S. bond yields spike last week.
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
AUGUST 23, 2023
As mortgage rates hit new post-pandemic highs on inflation worries, an MBA survey finds applications for purchase loans fell for the sixth consecutive week last week and are down 30 percent from a year ago.
Housing Wire
AUGUST 23, 2023
The Federal Reserve System this week fined Birmingham, Ala.-based Regions Bank $2.95 million for “unsafe and unsound practices in its flood insurance compliance program and for flood insurance regulatory violations,” according to the Fed. The Board fined Regions “for its failure to effectively monitor a portfolio of home equity loans for compliance with flood insurance regulations due to changes in loan servicing platforms and third-party service providers,” noting that the bank had a pattern of
Inman
AUGUST 23, 2023
Those beloved referral groups on Facebook may not be the answer to your professional prayers, writes Sue "Pinky" Benson. There's a better way, and Benson is here with a breakdown of how to improve them.
Housing Wire
AUGUST 23, 2023
Vlad Stojanovic, formerly of Compass, is joining the Beverly Hills office of Christie’s International Real Estate, the company announced Wednesday. The 15-year industry veteran is known for his connections to the tech and private equity sectors and boasts a track record of noteworthy transactions. Over the past two years, properties he’s sold ranged in price from $1 million to $35 million, according to Realtor.com.
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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
AUGUST 23, 2023
The franchisor will drastically slash profit share for "vested KW agents who actively compete with our brokerages" unless they return within six months, Keller Williams President Marc King said Tuesday.
Housing Wire
AUGUST 23, 2023
Guaranteed Rate , the seventh-largest mortgage lender in the country, has laid off hundreds of employees across two rounds of layoffs this month, according to former staffers who were affected. In the first round, the Chicago-based lender laid off project managers, director- and senior- level positions, as well as tech staff, multiple sources told HousingWire.
Inman
AUGUST 23, 2023
Should agents, brokers and clients put their faith in artificial intelligence right now? Until accuracy is improved, the answer is a resounding "no," Anywhere Chief Product Officer Tony Kueh told Intel.
Housing Wire
AUGUST 23, 2023
There’s no denying that this market will last for longer than a year. It’s time to take control of your business and plan for your future. We caught up with Emily Kettenburg , a seasoned coach with Tom Ferry , at the Tom Ferry Success Summit in Dallas where she shared her insights on the current trends and challenges in the real estate brokerage world.
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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
AUGUST 23, 2023
The layoffs are part of a reorganization plan that will streamline operations and bring cost savings in the long term, the real estate franchisor said in Securities and Exchange Commission filings.
Housing Wire
AUGUST 23, 2023
A coalition of 27 Republican state attorneys general led by Patrick Morrisey of West Virginia was denied the option to join oral arguments against the Consumer Financial Protection Bureau (CFPB) by the U.S. Supreme Court in a case that will decide the constitutionality of its funding source, and which could decide the fate of the Bureau itself. According to an unsigned order on Monday (as reported by Bloomberg Law), the high court declined a motion that would have allowed for the attorneys gener
Inman
AUGUST 23, 2023
Unburdened by rate lock, the share of first-time homebuyers rose to 50 percent this year, according to a new report from Zillow. That's the highest share since 2010.
Housing Wire
AUGUST 23, 2023
Rep. Maxine Waters, the ranking member of the House Committee on Financial Services , is concerned about the Federal Trade Commission settlement agreement that will allow Intercontinental Exchange Inc. (ICE) and Black Knight to merge. “In addition to potentially creating a housing finance conglomerate that would dwarf all other players in the industry, I remain concerned that this merger has the potential to harm consumers by displacing competing products and businesses that help mitigat
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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
AUGUST 23, 2023
Creating and maintaining positive momentum is essential for your success. Jimmy Burgess shares how to get back on top in the face of challenges.
Bigger Pockets
AUGUST 23, 2023
A new Florida law will limit the power of local governments to impact zoning regulations, requiring them to approve multifamily and mixed-use residential developments in commercial, industrial, and mixed-use zones, […]
Inman
AUGUST 23, 2023
Homebuyers have been dropping out of the market. Of the ones who are still in, more are eyeing a cross-city relocation, Redfin data suggests.
Brownstoner
AUGUST 23, 2023
With a wealth of woodwork, this single-family limestone offers more than a few appealing early 20th century details. Located at 313 East 5th Street, it has built-ins, stained glass, and a pier mirror amongst its original features. The Kensington house is one of a block-long row of two-story houses mixing bow… Read More > The post Kensington Limestone With Pier Mirror, Built-ins, Stained Glass Asks $1.85 Million appeared first on Brownstoner.
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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
AUGUST 23, 2023
Following six merger adjustments over two years, Better will go public Thursday with $565 million in new funding and plans to "aggressively" partner with agents as it builds its mortgage production team.
The Close
AUGUST 23, 2023
A real estate newsletter is still one of the best ways a Realtor can engage, educate, and sell to their audience in 2023. In fact, according to data from HubSpot , 77% of marketers have seen an increase in email engagement over the last 12 months. Of course, the challenge for busy real estate agents and brokers is coming up with new content ideas to engage their email list every week.
Inman
AUGUST 23, 2023
New-home sales rose 4.4 percent in July to an adjusted annual rate of 714,000 as the supply of existing homes continues to drop, according to data released Wednesday by the U.S. Census Bureau.
Brownstoner
AUGUST 23, 2023
A Victorian rubber factory turned church -- known to locals as the "Glorious Hurch" after the "c" went missing on its sign -- on Marcus Garvey Boulevard will be transformed if plans go through for a partial demolition to make way for a new condo building on part of the… Read More > The post Historic Bed Stuy Factory Building, Now Church, to Be Partially Demo’d for Condos appeared first on Brownstoner.
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