Fri.Mar 07, 2025

article thumbnail

2025 labor market holds key for mortgage rates

Housing Wire

Labor over inflation has been my mantra since late 2022. Today, the BLS jobs report showed that the labor market is getting softer, but it’s not breaking. This gives us a glimpse of what may happen over the next 10 months for mortgage rates, especially since, since Jan. 14, we’ve seen them move lower. However, there is a limit to the downside on mortgage rates until the labor market breaks, or we get more than 1% rate cuts from the Fed.

Mortgages 379
article thumbnail

American Real Estate Association floats Clear Cooperation solution

Inman

The trade group wants to replace the polarizing National Association of Realtors rule with what it's calling a "Clear Collaboration Policy," which it says would be more flexible than the status quo.

MLS 174
Insiders

Sign Up for our Newsletter

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

article thumbnail

Midwest, Northeast housing markets stay hot amid national cooldown

Housing Wire

While the U.S. housing market has shown signs of slowing, demand remains strong in key Midwest and Northeast cities, where homes are selling weeks faster than the national average, according to Realtor.com s Hottest Markets Report for February. In the most in-demand markets, homes sold in 33 to 51 days, significantly below the national median of 66 days.

Marketing 340
article thumbnail

Head of Instagram reveals secrets to social media success

Inman

Top brass at Instagram, Adam Mosseri, is sharing insights for creators to get more traction on the platform. Reals Jimmy Burgess breaks down how to make these tips work for you in real estate.

Branding 161
article thumbnail

The 2025 Real Estate Roadmap to Success

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.

article thumbnail

Report suggests HUD is considering use of cryptocurrency, agency denies any plans

Housing Wire

The U.S. Department of Housing and Urban Development (HUD) is considering employing cryptocurrency and blockchain technology to monitor the employment of agency grants, which some staffers believe could be a trial run for wider deployment of the technology across the federal government. This is according to a report published Friday by ProPublica. The outlet authored the report based on a recording of a meeting and conversations with three officials familiar with the matter, but a HUD spokespers

More Trending

article thumbnail

Mauricio Umansky-backed trade group proposes alternative rule to CCP

Housing Wire

There is no shortage of hot takes about the National Association of Realtors’ Clear Cooperation Policy (CCP), around which heated debates and bitter feuds have erupted on social media and beyond. Enter the American Real Estate Association , the trade group founded by Compass agent Jason Haber and The Agency founder Mauricio Umansky. It proposed on Friday a compromise on CCP that it believes respects seller choice, enhances competition and safeguards MLS integrity.

MLS 281
article thumbnail

Weak February jobs report moves the needle on mortgage rates

Inman

Mortgage rates eased Friday as investors took stock of new data showing employers added 151,000 workers to their payrolls in February and the unemployment rate ticked up to 4.1 percent.

Mortgages 136
article thumbnail

Jet HomeLoans acquires Cherry Creek’s securitization, servicing operations

Housing Wire

Jet HomeLoans , the mortgage arm of publicly traded homebuilder Dream Finders Homes , has acquired Cherry Creek Mortgage LLC. The deal, which closed on March 4, should provide Jet HomeLoans with greater secondary execution it can use to help homebuyers with affordability, an executive told HousingWire. Cherry Creek’s salesforce was acquired by Guild Mortgage in March 2023, but its securitization and servicing platforms were not included in that transaction.

Banks 344
article thumbnail

Jason Haber: Our industry deserves better and fewer real estate agents

Inman

The co-founder of the American Real Estate Association, a competitor to NAR, told Inman his upstart trade organization has held two recent events and started talks with potential sponsors.

article thumbnail

Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

article thumbnail

Mutual of Omaha amends counterclaim against Longbridge Financial

Housing Wire

A lawsuit over allegedly deceptive and misleading advertising practices between two of the reverse mortgage industrys leading players saw a new development this week. Mutual of Omaha Mortgage amended its counterclaim that alleges deceptive advertising practices against Longbridge Financial. In a suit originally brought by Longbridge in September 2024, Mutual of Omaha responded in January by filing a counterclaim that alleges tortious interference, as well as violations of Californias Unfair Comp

Mortgages 245
article thumbnail

Today’s Mortgage Rates March 7, 2025: Rates Drop to Lowest Points

Marco Santarelli

Mortgage rates have indeed plunged to their lowest points this year on March 7, 2025, signaling a moment of opportunity for prospective homeowners and those looking to refinance. According to the latest data from Freddie Mac , the national average for a 30-year fixed mortgage is now 6.63% , while the 15-year fixed rate has dropped to 5.79%. This decline can be attributed to various economic factors, including recent changes in tariffs and upcoming reports regarding jobs and inflation, which may

Mortgages 100
article thumbnail

The LPMAMA Script: Learn exactly what to say on your next buyer call

Housing Wire

There are only a handful of acronyms that can change your life. LPMAMA is one of them. Think of it as ROYGBIV, but instead of helping third graders learn color theory, it will help you convert more cold buyer leads with less stress. Its powerful stuff, especially for new buyer agents. LPMAMA stands for L ocation, P rice, M otivation, A gent, M ortgage and A ppointment.

Agents 239
article thumbnail

Discipline and Fighting Spirit Keep Tami Bonnell Atop the Industry

RIS Media

Above: Tami Bonnell Tami Bonnell recommends a question every real estate professional should ask themselves on a daily basis, and proudly admits not coining its creation. Did you earn your keep today? As one of six children growing up in Massachusetts, Bonnell, a 40-plus-year veteran of the real estate industry and co-chair of EXIT Realty… The post Discipline and Fighting Spirit Keep Tami Bonnell Atop the Industry appeared first on RISMedia.

article thumbnail

Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

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.

article thumbnail

Rocket Mortgage to exit Canada, shift focus to US

Housing Wire

Rocket Mortgage is shutting down its Canadian operations as the company refocuses on its core U.S. business, with plans to complete the exit by June 27, the Detroit -based lender announced Thursday. The move will reportedly not affect Rocket s other Canadian ventures, including Lendesk in Vancouver and Rocket Innovation Studio in Windsor, Ontario. We want to assure our clients that all loans in process will proceed without issue, and we remain committed to supporting them through this transition

Mortgages 201
article thumbnail

Do You Know What Your House Is Really Worth?

Keeping Current Matters

Over the past 5 years, home prices have risen dramatically. If you own a home, that means your house may be worth a lot more than you think.

Equity 255
article thumbnail

Union Home Mortgage adds two executive leaders

Housing Wire

Union Home Mortgage (UHM) on Friday announced two changes to its executive leadership team, just days after the company grew its footprint through the acquisition of NRL Mortgage. Ohio -based UHM promoted Brian Smith to chief operating officer of retail lending and hired David Alonzo as its chief technology officer. Smith joined the company in 2002 and quickly became a top producer, earning a spot in the UHM President’s Club for his standout origination volume and customer service efforts.

Mortgages 201
article thumbnail

MLS offering listings-based broker profit sharing

Real Estate News

St. Louis-based MARIS says its new program could bring multiple tens of thousands of dollars to some brokers by giving them a percentage of data feed revenue.

MLS 249
article thumbnail

Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

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.

article thumbnail

2025 Newsmakers: The Futurists Shaping the Next Era of Real Estate

RIS Media

The real estate industry is evolving faster than ever, and staying ahead of the curve requires forward-thinking for your business. RISMedias 2025 Newsmakers in the Futurists category are pioneering new ideas, technologies and business models that are reshaping the way real estate professionals operate. Whether revolutionising proptech, reimagining client relationships or adapting to market shifts,… The post 2025 Newsmakers: The Futurists Shaping the Next Era of Real Estate appeared first o

article thumbnail

EXp CEO ‘cautiously optimistic’ as spring homebuying season nears

Inman

EXp CEO Leo Pareja said he's hopeful about the busiest season of the year for homebuyers, saying more inventory at varied price points will be key to helping shoppers see beyond elevated rates.

Mortgages 115
article thumbnail

AI assistants are here to stay, but they won’t take your job

Real Estate News

As AI evolves, more companies are launching tools aimed at improving agent efficiency but they cant replace the human touch, tech leaders say.

Agents 240
article thumbnail

Trending: Instagram’s guide, Meta’s AI and TikTok’s next move

Inman

Instagram shares its growth strategy, Meta pushes AI-driven engagement, and TikTok restructures its creator tools. Marketing expert Jessi Healey shares what it all means for agents.

Agents 99
article thumbnail

The Broker Action Plan for the Post-NAR Lawsuit Landscape

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.

article thumbnail

The Art of Making Lowball Offers That Won’t Put Sellers on the Offensive

HomeLight

As a first-time homebuyer , you might toy with the idea of making a few lowball offers on homes that interest you. After all, who doesnt like to save mone y? But theres a trick to making a lowball offer: you cant make the offer so low that it offends the seller. In this article, well help you better understand this homebuying technique and whether lowballing your offer is right for your situation.

Agents 97
article thumbnail

Foyer is a better way to FHSA: Tech Review

Inman

Inman's tech expert Craig Rowe reviews Foyer, an app built around FHSAs First Time Homebuyer Savings Accounts. The interest-bearing account type is designed for exactly what it sounds like, and in 12 states, it offers tax advantages.

Design 102
article thumbnail

HomeSmart Launches eSign Contract Management Tool in Proprietary Platform

RIS Media

HomeSmart has announced that SmartDocs with eSign, an end-to-end document and contract management product, is now live within its proprietary, all-in-one RealSmart Agent platform. With eSign integration in SmartDocs, HomeSmart agents will have the power to: Upload, map and prepare any document for signature Instantly add contacts or pull directly from RealSmart Agents CRM Easily… The post HomeSmart Launches eSign Contract Management Tool in Proprietary Platform appeared first on RISMedia.

Agents 100
article thumbnail

Hsieh returns to LoanDepot as Frank Martell steps down as CEO

Inman

Martell will transition into a board advisory role by June and Anthony Hsieh will return to the executive leadership team after the board ousted him in 2023, officials announced Thursday.

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.