Housing Wire

FEBRUARY 21, 2023

Last June, the Federal Reserve said it wanted a housing reset , which meant it wanted higher mortgage rates to destroy the housing market. This facilitated the biggest decline in existing home sales for a single year that we will ever see in modern-day history due to the high level of sales in January of 2022. Today, the Federal Reserve achieved its primary goal; the days on the market are now above 30 days, which was the most important data line to get housing back to somewhat normal.

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Marketing Sales Mortgages As-is 435

Real Estate News

FEBRUARY 21, 2023

Florance, founder and CEO, made the announcement during a Q4 earnings conference call Tuesday, which also highlighted the company's revenue gains.

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Housing Wire

FEBRUARY 21, 2023

The mortgage industry started 2023 with optimism due to an increase in housing activity. However, the celebrations may have to wait, as the fundamentals point to further weaknesses ahead of an expected recession in the second quarter of this year, according to Fannie Mae. “Recent data have been stronger than expected in ways that we believe are likely to lead to tighter monetary policy with attendant increases in interest rates,” Doug Duncan, Fannie Mae’s senior vice president and chief economi

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Real Estate News

FEBRUARY 21, 2023

Led by co-presidents OB Jacobi, Jill Jacobi Wood and Geoff Wood, the company continues to grow but strives to retain its family-oriented culture.

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Development

Housing Wire

FEBRUARY 21, 2023

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. “We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If it’s not moving, change the pricing so it does move.

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Marketing Renovation Sales Investor 397

Real Estate News

FEBRUARY 21, 2023

Sales of existing homes fell again in January, but the slower rate of declines suggests the market is "bottoming out.

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Sales Marketing 279

Real Estate News

FEBRUARY 21, 2023

T3 Sixty's annual report on Organized Real Estate found a 7.6% drop in the number of MLSs and a 3.8% drop among Realtor associations since 2020.

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Housing Wire

FEBRUARY 21, 2023

Mutual of Omaha Mortgage (MOM) has acquired the assets of Keller Mortgage – the lending arm of real estate holding company kwx – for an undisclosed amount. Keller Mortgage will be operated as an independent division alongside Mutual of Omaha’s existing forward and reverse mortgage division, MOM said in an e-mailed response. “This transaction brings together two leaders in the mortgage industry, leveraging the strengths of each to provide outstanding products and services to homebuyers fro

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Keeping Current Matters

FEBRUARY 21, 2023

The biggest challenge the housing market’s facing is how few homes there are for sale.

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Sales Marketing 249

Housing Wire

FEBRUARY 21, 2023

Existing home sales started 2023 right where they left off at the end of 2022, dropping for the 12 th consecutive month. In January, the seasonally adjusted sales pace for existing homes dropped 0.7% from December to a pace of 4.00 million, according to a report from the National Association of Realtors (NAR) released Tuesday. On a yearly basis, existing home sales were down 36.9% in January.

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Sales Short sale MLS Marketing 370

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.

Industrial

Inman

FEBRUARY 21, 2023

Even though the extreme seller's market is in the rearview mirror, disgruntled clients have been filing more lawsuits against their agents, according to an analysis by Victor Insurance Managers.

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Agents Marketing Brokerage 202

Housing Wire

FEBRUARY 21, 2023

The industry is buzzing with conversations around appraisal modernization — for good reason. Appraisal modernization reduces origination cycle time, bolsters appraiser capacity and helps lenders deliver a more seamless and transparent borrower experience. It also holds great promise in attracting a new generation of bright, talented appraisers who may have otherwise not given the mortgage valuations industry a second look.

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Pre-approval Technology Title Loans 367

Inman

FEBRUARY 21, 2023

Whether you’re looking for inspiration to get out there and conquer your day or looking to improve your real estate content on TikTok, here are some of the best real estate-related follows on the platform.

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Technology Agents Marketing 148

Housing Wire

FEBRUARY 21, 2023

Finance of America Companies (FOA) has entered into an agreement to sell the operational assets of its Finance of America Commercial vertical to Roc Capital Holdings LLC. The deal will offload an FoA subsidiary division that offers residential real estate investment loans. Roc Capital is expected to pay FOA an “aggregate purchase price” over a three-year period, which will be based on the purchased asset performance and will not exceed $30 million, according to an 8K form reviewed by

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Brokerage

Inman

FEBRUARY 21, 2023

The state's population exodus was second only to New York, which lost 15,000 more people. The sky-high cost of housing was the residents' primary reason for departure.

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Marketing 148

Housing Wire

FEBRUARY 21, 2023

Miami-based fintech provider LoanPASS has integrated with ICE Mortgage Technology, a division of global data, technology, and market infrastructure provider Intercontinental Exchange, Inc. (ICE). The goal of the integration is to allow mutual clients to access LoanPASS’ products and pricing engine (PPE) via ICE Mortgage Technology’s end-to-end digital lending platform Encompass , according to a statement from the company.

Technology 365

Technology Mortgages Commercial Loans 365

Inman

FEBRUARY 21, 2023

After nearly five years away from Keller Williams, Florida-based indie brokerage Laurie Finkelstein Reader Real Estate has rejoined the Texas franchisor. Finkelstein Reader initially joined Keller Williams in 2011 as the leader of the Laurie Finkelstein Reader Real Estate Team. Her team served buyers and sellers in Broward County, Florida.

Brokerage 148

Brokerage 148

Housing Wire

FEBRUARY 21, 2023

California lender New American Funding has promoted Patty Arvielo to CEO, becoming co-CEOs with her husband Rick. Christy Bunce will succeed Arvielo as president. “Patty Arvielo had served as president of the company before being elevated to the co-CEO position but in effect has always conducted herself as co-CEO for NAF because of her and Rick’s amazing partnership in building and running NAF from a high level,” the company said in an e-mailed response when asked how her role would change with

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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.

Agents

Inman

FEBRUARY 21, 2023

Buying Realtor.com was viewed as a potential way for CoStar to take on Zillow. But CoStar CEO Andy Florance said Tuesday that his company would instead focus on its Homes.com business.

Technology 148

Technology Industrial 148

Eye on Housing

FEBRUARY 21, 2023

An expected impact of the pandemic was a need for more residential space, as people use homes for more purposes including work. During the housing boom after covid, this led to a rise for new single-family home size. However, as the housing market weakens on lower affordability conditions, this trend has reversed. According to fourth quarter 2022 data from the.

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Residential Marketing 128

Inman

FEBRUARY 21, 2023

Mark Wahlberg and his wife, Rhea Durham, initially listed the 30,500-square-foot property for $87.5 million in April 2022 but dropped the ask by $8 million after it sat on the market for several months.

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Marketing 148

NAR: Economic Outlook

FEBRUARY 21, 2023

Office Vacancy Rates in 2022 Overall, the office vacancy rate has risen by 3% since 2019.

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Commercial 116

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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.

Agents

Inman

FEBRUARY 21, 2023

Now is the time to take constructive action that can impact the trajectory of your whole year. Do these three things to successfully set the tone for this year’s unique market conditions.

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Marketing Construction Brokerage Agents 148

GeekEstate

FEBRUARY 21, 2023

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: Revive] The benefits of flipping your own home are attractive to homeowners, but many lack the knowledge, guidance, and access to capital to make the right renovations. Enter Revive: a home concierge service that identifies the most effective pre-sale home improvements, provides renovation estimates, secures and manages contractors to complete the work, and fronts the cost of the

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Inman

FEBRUARY 21, 2023

The Chicago-based team has exceeded $50 million in sales volume since 2021 while still at Berkshire Hathaway HomeServices, Compass told Inman exclusively.

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Sales Brokerage Agents 148

Realty Biz

FEBRUARY 21, 2023

Are you planning on purchasing your first home? As a first-time buyer, you might be surprised by some of the home buyer's costs you will regularly need to pay. While some monthly housing expenses, like your mortgage payments, are apparent, they aren't your only costs. When buying, it's easy to overlook expenses for first-time buyers. We are providing this information so you can create a budgeting plan that will work.

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Closing costs Closing Inspection Title 106

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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.

Sales

Inman

FEBRUARY 21, 2023

The company's revenue jumped 13 percent year over year between October and December. CEO Andy Florance also promised Tuesday to continue CoStar's push into residential real estate.

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Residential Marketing Technology 147

HomeLight

FEBRUARY 21, 2023

Looking to sell a house “as is” in Georgia? Whether you’ve got a fixer-upper or recently inherited a relative’s home, sometimes the goal is to skip repairs, get a fair offer, and move on. Top-performing Georgia real estate agent Teresa Cowart works with 77% more single-family homes than the average agent in her Richmond Hill market. With 20 years of experience, she’s seen homes sold in almost every condition.

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Inman

FEBRUARY 21, 2023

The federal voucher program has fallen far short of its goals, according to strategy expert David Piscatelli. By making minor adjustments to federal policy, an entirely new generation of children can enhance their chance to achieve better health and greater economic mobility.

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Agents Marketing 147

Real Trends

FEBRUARY 21, 2023

Top South Florida Realtor Laurie Reader and her Plantation-based team, Laurie Finkelstein Reader Real Estate , have realigned with real estate franchise Keller Williams, the company announced on Sunday at its “ Family Reunion ” event. The team first joined Keller Williams in early 2011 before making the move to operate independently in July 2018. Reader, founder and CEO of the firm, will bring to Keller Williams 104 real estate agents and 20 staff members.

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