Keeping Current Matters

AUGUST 10, 2023

Some homeowners have been waiting for months to put their house on the market because they don’t think people are buying homes right now.

Marketing 246

Marketing 246

Housing Wire

AUGUST 10, 2023

The 30-year fixed mortgage rate continued its upward trajectory for the third consecutive week, rising to 6.96%, according to Freddie Mac. Since the last FOMC meeting in July, all eyes have been fixed on Thursday’s Consumer Price Index release. Another rate hike in September would move the target federal funds rate to its highest level since March 2001.

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages New Construction Loans 370

Real Estate News

AUGUST 10, 2023

Average rates reached 6.96% again after rising three weeks in a row, and after falling last month, inflation crept back up.

Mortgages 246

Mortgages 246

Housing Wire

AUGUST 10, 2023

Wells Fargo rolled out a down payment grant program that will offer $10,000 to eligible buyers or homeowners who currently live in or are purchasing homes in underserved communities in eight metropolitan areas. The Homebuyer Access grant program is available to those who have a combined 120% or less of the area median income (AMI). The grant funds can only be used toward the down payment on a Wells Fargo fixed-rate conventional loan secured by a property that will be the purchaser’s primar

Fixed-rate mortgage 370

Fixed-rate mortgage Closing costs Lending Banks 370

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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.

Development

Real Estate News

AUGUST 10, 2023

Many of the biggest annual price gains were in the Midwest, with Fond du Lac, Wisconsin, leading the way with a 25.3% gain.

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Housing Wire

AUGUST 10, 2023

loanDepot has agreed to settle a securities class action lawsuit filed by shareholders that alleged the company, its executives and investment banks made false or misleading disclosures before and after the lender’s initial public offering in 2021. According to court filings, the parties agreed to settle and release all claims against the defendants in exchange for a cash payment of $3.5 million.

Investor 370

Investor Banks Loans Staging 370

Housing Wire

AUGUST 10, 2023

Low-cost residential real estate brokerage is not necessarily a new phenomenon. About 50 years ago, a trailblazer named Dave Liniger created the concept of “real estate maximums,” birthing RE/MAX. RE/MAX was probably the most radical low-cost ‘disruptor’ this market has ever seen. About 10 years later Gary Keller founded Keller Williams, and it was KW that revolutionized the cap-commission model, which, for all intents and purposes, is a low-cost model.

Brokerage 370

Brokerage Industrial Residential Agents 370

Inman

AUGUST 10, 2023

The Real Brokerage founder Tamir Poleg and his executive team walked away with Inman Innovator Award's highest honor, thanks to their amazing strides in tech and recruiting.

Brokerage 148

Brokerage Marketing 148

Housing Wire

AUGUST 10, 2023

The share of distressed property auction buyers who say they are owner-occupants nearly doubled over the last year, boosted by a game-changing government policy that took effect last August. The increasing share of owner-occupant buyers is also evidence that extremely tight housing inventory is prompting more retail buyers to take on the additional challenges that come with buying a distressed property at auction.

Renovation 370

Renovation Development Rent back Finance 370

Inman

AUGUST 10, 2023

Carl Westcott, 83, claims his judgment was impaired when the contract with Perry and Bloom was signed, due to opiates he was prescribed following an extensive surgery to treat Huntington's disease, according to reports.

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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

Housing Wire

AUGUST 10, 2023

Mortgage tech firm Blend Labs narrowed its financial losses in the second quarter on the strength of its platform business as well as cost-cutting measures. Blend, whose white-label software processes billions in mortgage transactions for lenders, reaffirmed its goal of reaching profitability by 2024. The San Francisco, California-based company reported a non-GAAP net loss of $22.7 million in the second quarter, compared to $35.6 million in Q1 and $45.1 million in Q2 2022.

Banks 369

Banks Title Mortgages Loans 369

Inman

AUGUST 10, 2023

Redfin Senior Director of Brokerage Operations Joe Rath and NextHome CEO James Dwiggins said during an Inman Connect panel that pocket listings have proliferated since Clear Cooperation.

Brokerage 148

Brokerage Agents 148

Housing Wire

AUGUST 10, 2023

Increasing wildfire risk resulting from climate change is a growing problem for insurers and homebuyers in affected areas, particularly California, according to a new report from data provider CoreLogic. With more than 1.2 million California homes at moderate or high risk of wildfire damage, CoreLogic estimates a total reconstruction cost of $760 billion for at-risk homes in the state.

Land 367

Land Construction Development Marketing 367

Inman

AUGUST 10, 2023

Brokerages need agents and their personal brands, more than agents need the backing of brokerage brands Baker argued at Inman Connect on Thursday. "My name is Glennda Baker, and I am a brand.

Branding 148

Branding Brokerage Agents 148

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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.

Brokerage

Housing Wire

AUGUST 10, 2023

The Consumer Price Index climbed 3.2% in the year through July, the first acceleration in 13 months. But that figure requires a closer examination. Inflation soared in June 2022 and was slightly slower the following month. When this year’s figures were measured against last year’s readings, June looked lower and July appeared higher. After recording a 3.0% annual increase in June , the CPI rose just 3.2% year over year in July, before seasonal adjustment, according to data released Thurs

MLS 366

MLS Residential Construction Design 366

Inman

AUGUST 10, 2023

Artificial Intelligence could make lending more efficient, though the most radical developments may still be decades away, two tech leaders said Wednesday at Inman Connect Las Vegas.

Lending 148

Lending Development Technology Mortgages 148

Housing Wire

AUGUST 10, 2023

Has the recent inflation data given the Federal Reserve a pathway for a 2024 pivot? The Fed has whispered about what can happen if the inflation growth rate falls more into 2024 and it’s a positive take. Some have thought the Fed would need to keep the fed funds rate elevated for years until they see 2% core PCE data. However, I believe there could be another path for 2024.

As-is 364

As-is Mortgages Marketing 364

Inman

AUGUST 10, 2023

Everyone's talking about chatbots. But three experts at Inman Connect Las Vegas explored AI's other cutting-edge applications for agents during a panel on Wednesday.

Agents 148

Agents Technology Brokerage 148

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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

Housing Wire

AUGUST 10, 2023

A little over a month after filing an agreement in one of the ongoing buyer broker commission lawsuits, New England’s largest multiple listing service (MLS), MLS Property Information Network (MLS PIN)’s attempt to settle the Nosalek case, has hit a snag. Originally filed in December 2020, the Nosalek lawsuit alleges that the broker-owned MLS PIN is not directly required to abide by the National Association of Realtors (NAR) rules.

MLS 360

MLS As-is Finance Agents 360

Inman

AUGUST 10, 2023

The Los Angeles agent told the crowd at Inman Connect Las Vegas on Thursday that he owes his success to mastering the listing interview. "There's no second choice to this," Jordan Cohen said.

Agents 148

Agents Marketing 148

Housing Wire

AUGUST 10, 2023

The words “think” and “guess” have no place in your playbook for how to avoid margin compression and keep profits up in 2024. With regular reports and data coming out on what’s blocking inventory growth, the biggest factors impacting rates and the latest shifts in home sales, there’s a lot of information out there to help you inject more confidence into your business strategy.

Staging 352

Staging Mortgages As-is Sales 352

Inman

AUGUST 10, 2023

Greg Robertson, Joshua Coleman, Amy Gorce and Gene Millman debated whether the relationship between MLSs and brokers has improved over the past decade during a session at Inman Connect Las Vegas.

MLS 148

MLS 148

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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

Realtors Property Resource

AUGUST 10, 2023

This brief video tutorial walks you through RPR’s latest and greatest tool: the Market Trends ScriptWriter. The post [Video Tutorial] AI-powered Market Trends ScriptWriter appeared first on Realtors Property Resource (RPR).

Marketing 98

Marketing 98

Inman

AUGUST 10, 2023

Find out how this vineyard specialist learned that leading with kindness, while taking the time to educate clients, fosters success.

Brokerage 148

Brokerage 148

Maximum Exposure Real Estate

AUGUST 10, 2023

Are you wondering how to end your loan? A reverse mortgage can be a helpful income supplement for homeowners. However, there may come a time when you need to explore ways to get out of a reverse mortgage. We’ll discuss various options, such as exercising the right of rescission within three business days of signing […] The post Terminating Reverse Mortgages: What You Should Know appeared first on Maximum Real Estate Exposure.

Mortgages 98

Mortgages Loans 98

Inman

AUGUST 10, 2023

NYC-based Real Brokerage's second-quarter revenue increased 65 percent year over year to $185.3 million. Despite raising fees in the first quarter, its agent count ballooned 105 percent year over year to 11,500, according to an earnings report.

Brokerage 148

Brokerage Agents Industrial 148

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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

Bigger Pockets

AUGUST 10, 2023

The BRRRR method is still one of the best strategies to deploy in real estate investing. What are your financing options? And do DSCR loans come in handy for BRRRR projects?

Loans 98

Loans Finance Mortgages 98

Inman

AUGUST 10, 2023

Marketing dynamos from Anywhere, The Agency and Collabra Technology shared how companies can wield artificial intelligence and market data to help agents stand out in a competitive market.

Branding 148

Branding Agents Marketing Technology 148

RIS Media

AUGUST 10, 2023

While architectural and design trends may fluctuate, we firmly support the concept of healthy homes and neighborhoods. We also believe that luxury is not only a housing trend but also a mindset. So, what are the essential features that define a modern luxury home? It goes far beyond the traditional saying of “location, location, location!”… The post 13 Essential Features of a Luxury Home appeared first on RISMedia.

Design 98

Design Industrial Agents 98

Inman

AUGUST 10, 2023

Nine months after temporarily shuttering its services and three months after being acquired by EasyKnock, Ribbon is now offering cash backing to buyers in Atlanta and Charlotte once again.

Technology 148

Technology Marketing 148

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