Fri.Jul 14, 2023

article thumbnail

loanDepot names Darren Graeler as top accounting officer

Housing Wire

loanDepot has named Darren Graeler as executive vice president and chief accounting officer. He will succeed current CFO David Hayes as the publicly traded lender’s chief accounting officer. The company will pay Graeler a base salary of $335,000 with an annual target bonus of 100% of base salary, according to a filing registered with the Securities and Exchange Commission (SEC) on Thursday.

Equity 338
article thumbnail

People On the Move at Offerpad and Windermere

Real Estate News

A new CFO joins Offerpad as the company looks to “accelerate its near-term growth,” and Windermere appoints a longtime leader as chief development officer.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Foreclosure activity ticks up in the first half of 2023

Housing Wire

During the first six months of 2023, a total of 185,580 U.S. properties went into foreclosure , default notices, scheduled auctions or bank repossessions. That’s up 13% compared to the same period last year and it’s up by 185% compared to the same time period two years ago, when COVID-related restrictions were still in place. Additionally, average days to complete a foreclosure peaked in Q2 2023, according to ATTOM Data Solutions ‘ latest foreclosure market report.

Banks 333
article thumbnail

How agents fared in 2022, and the top barriers to deals

Real Estate News

NAR's annual member profile found that Realtors earned more and upped their sales volume despite the market slowdown, but inventory was a major problem.

Agents 174
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

CFPB files amicus brief in support of Maine mortgage borrowers in TILA lawsuit

Housing Wire

The Consumer Financial Protection Bureau (CFPB) this week filed an amicus brief in a Maine Supreme Judicial Court in a case involving a married couple’s loan, joining with state officials including the attorney general, its Bureau of Financial Institutions and Bureau of Consumer Credit Protection. The Maine state agencies filed the lawsuit, Franklin Savings Bank v.

Mortgages 328
article thumbnail

Back At You’s Design Studio aims to become ‘Canva of real estate’

Inman

Marketing software company Back At You is getting into the DIY content production game, releasing a new browser application to help the industry promote its brands, agents and properties, according to a company announcement.

Design 147

More Trending

article thumbnail

‘TenDashFive’ Instagram account declares war on agent hate speech

Inman

The real estate broker behind the provocative new account spoke to Inman on the condition of anonymity about his campaign to pressure NAR to enforce its own anti-hate speech policies.

Agents 135
article thumbnail

Florida’s Levin Rinke Realty Names New President

RIS Media

Levin Rinke Realty, the leading luxury real estate firm in the greater Pensacola and lower Baldwin County areas of Florida, has announced it has named Gordon Miles as its new executive president. “Levin Rinke Realty is setting the bar high as the leading independent luxury real estate company in the greater Pensacola region. It’s a… The post Florida’s Levin Rinke Realty Names New President appeared first on RISMedia.

As-is 98
article thumbnail

AI mortgage chatbot launches as ChatGPT comes under scrutiny

Inman

Beeline CEO Nick Liuzza is unfazed after the lender launched what it claims is the world's first AI mortgage chatbot during the same week that the FTC hit ChatGPT creator OpenAI with an investigative demand.

Mortgages 135
article thumbnail

The Pros and Cons of Buying a Fixer-Upper

RIS Media

Buying a fixer-upper is a great way to save money if you like DIY. You can buy a home for under-market value and turn your hard work into equity. But buying a home that has problems can be a considerable risk. We look at the pros and cons of choosing a fixer-upper. What is a… The post The Pros and Cons of Buying a Fixer-Upper appeared first on RISMedia.

Equity 98
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

Bored with your feed? Try these 4 fresh ideas

Inman

Social media is a busy space. Maris Callahan Messervey explains that you need more than a pretty feed full of graphic designs and property listings to stand out from the crowd. Here’s her advice on how to refresh your social media feed next time you feel stuck.

Design 135
article thumbnail

Mortgage Mix: Rates Rise, While Credit Availability Hovers Near 2013 Low

RIS Media

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. In the world of lawsuits, loanDepot filed a suit against Movement Mortgage, accusing them of poaching employees. The suit specifically argues that Movement’s targeting and hiring strategies were meant to steal company secrets and confidential… The post Mortgage Mix: Rates Rise, While Credit Availability Hovers Near 2013 Low appeared first on

article thumbnail

Engel & Völkers expands into new Pennsylvania markets

Inman

The luxury brokerage has entered Pittsburgh and Sewickley, marking its third new location in the Great Lakes Region so far this year. License Partner Elias Pappan is leading the new shops.

Brokerage 132
article thumbnail

Residential Building Workers’ Wage Growth Trending Down

Eye on Housing

Average hourly earnings for residential building workers* rose at a slower pace in May, after more than a year of strong gains. Wage growth has retreated below or close to 3%, from the peak rate of 2021. According to the Bureau of Labor Statistics (BLS) report, average hourly earnings (AHE) for residential building workers were $29.87 in May 2023, increasing.

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

Maximizing ROI: Key home updates sellers should prioritize

Inman

Sellers are always seeking ways to maximize their return on investment when selling a home. Mauricio Umansky shares the key updates to focus on so they can get the most out of the transaction.

Brokerage 127
article thumbnail

Empowering Homeowners With Expert Home-Repair Guidance

RIS Media

Whether your clients are buying or selling, a home that needs repairs can become a point of contention and require extra finesse during negotiation. As a real estate agent, knowing how to assess and weigh repairs and costs can give you an advantage in serving the best interests of your clients. Estimation of repairs As… The post Empowering Homeowners With Expert Home-Repair Guidance appeared first on RISMedia.

Agents 98
article thumbnail

Associations can be managed better, and AgentBook can help them do it: Tech Review

Inman

AgentBook is software that can help real estate associations modernize agent and broker member information, conduct board elections, promote events and handle finances.

Finance 130
article thumbnail

Florida Insurance Crisis Part of National Reckoning

RIS Media

In Florida, hurricanes are expensive. That reality is well understood, as almost every year now, a major storm causes multiple millions of dollars (or even billions) in damages across the Sunshine State. And housing markets have adapted—successfully, it would seem, as the state continues to attract new residents from all over the world. But with… The post Florida Insurance Crisis Part of National Reckoning appeared first on RISMedia.

As-is 98
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

Luxury Spotlight: Meet the experts taking the stage at Luxury Connect

Inman

Mark your calendars for Aug. 7-8, and take a look at some of the Inman Luxury Connect speakers, from billion dollar agents to marketing powerhouses to industry trendsetters.

Staging 124
article thumbnail

Consolidating MLS Resources to Optimize Brokerage Efficiency

RIS Media

The real estate industry is dynamic and constantly evolving, prompting brokerages to seek ways to maximize efficiency and reduce expenses. One powerful solution is the consolidation of resources via the MLS. By harnessing the benefits of the Multiple Listing Service (MLS), brokerages can streamline their operations, foster collaboration and significantly cut costs.

MLS 98
article thumbnail

Beyond Threads: Other new social media apps to try

Inman

Social media moves quickly, both the trends and the technology itself. Jessi Healey shares some new, exciting social media platforms for real agents to explore.

article thumbnail

Santa Clara

BubbleInfo

Though the local inventory has ticked up a bit, San Diego still has an extreme shortage of homes for sale. Santa Clara is probably the most interesting metro though. For all the stories about tech layoffs, there sure doesn’t seem to be a mass exodus – inventory is 53.9% lower than last year?

Sales 98
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

KW, eXp and NAR: It’s Inman’s Top 5 stories of the week

Inman

Wondering what you missed this week? Catch up with Inman's Top 5 stories for the week of Jul. 7 through the 13th.

Agents 127
article thumbnail

Where Rents Are Decreasing and Increasing Across the U.S.

RIS Media

Inflated home prices across the U.S. have many potential buyers turning to rentals as an alternative to homeownership, but rental prices have also inflated due to similar issues impacting the housing market. A recent report from Clever even found that rent prices have outgrown inflation as of late. Although rent prices have heavily inflated, not… The post Where Rents Are Decreasing and Increasing Across the U.S. appeared first on RISMedia.

article thumbnail

How I sold over $1B in luxury real estate (without a CRM)

Inman

While technology plays a significant role in any real estate business, personal communication is essential to generate growth.

article thumbnail

Western States Brokerage Introduces Agent-Benefit Programs

RIS Media

Berkshire Hathaway HomeServices California, Arizona and Nevada Properties has announced a new partnership with Dergalis Associates to offer an agent benefit program. Agents in all three states the brokerage operates will enjoy the benefits, chief among them healthcare coverage, the company said. “Dergalis Associates proudly stands as the preferred partner for BHHS nationwide, by simplifying… The post Western States Brokerage Introduces Agent-Benefit Programs appeared first on RISMedi

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

From ship to shore: How yachts fuel Florida’s luxury real estate pipeline

Inman

Every year, the world's wealthiest people descend on Florida's aquamarine waters. But for dedicated yachters, significant real estate investments typically follow, luxury agents told Inman.

Agents 113
article thumbnail

NAHB Report: Remodeling-Market Sentiment Down In Q2

RIS Media

The National Association of Home Builders (NAHB) released its NAHB/Westlake Royal Remodeling Market Index (RMI) for the second quarter, posting a reading of 68, edging down two points compared to the previous quarter. The NAHB/Westlake Royal RMI survey asks remodelers to rate five components of the remodeling market as “good,” “fair” or “poor.” Each question… The post NAHB Report: Remodeling-Market Sentiment Down In Q2 appeared first on RISMedia.

article thumbnail

Cash is still king as Florida agents navigate ‘wonkiest market’ in years

Inman

As the summer housing market in Florida heats up, homebuyers and sellers are discovering a tale of two markets that offers opportunities for luxury buyers — and next to nothing for everyone else.

As-is 103
article thumbnail

Blunder or Bonanza? The Risk/Reward Saga of One ‘Flipped’ House

RIS Media

The Westport, Connecticut house at 11 Guyer Road was flipped within six months. The above image shows the remodeled white house on the left alongside the old, dated blue version on the right. Bought for a song, sold for a symphony. That fairly sums up the five-month odyssey of 11 Guyer Road, in Westport, Connecticut,… The post Blunder or Bonanza?

MLS 97
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.