Wed.Jan 18, 2023

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First Right of Refusal: What You Need to Know

Maximum Exposure Real Estate

What to Know About a Right of First Refusal Clause in Real Estate Sales Do you have your home for sale, and a buyer has proposed a right of first refusal? Over my nearly thirty-seven years in the business, numerous clients have asked me what a right of first refusal is and how they work. […]. The post First Right of Refusal: What You Need to Know appeared first on Maximum Real Estate Exposure.

Sales 98
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Don’t expect a drastic housing market turnaround in 2023, Fitch Ratings says

Housing Wire

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. The brutal low origination volume and industry consolidation that occurred for lenders in 2022 isn’t expected to turn around, at least not drastically, in 2023, according to Fitch Ratings. “Our outlook for mortgage originators and servicers is deteriorating,” Shampa Bhattacharya, the director of the financial institutions group at Fitch Ra

Marketing 476
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Have Home Values Hit Bottom?

Keeping Current Matters

Whether you’re already a homeowner or you’re looking to become one, the recent headlines about home prices may leave you with more questions than answers.

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Lower mortgage rates, higher inventory boost demand for home loans 

Housing Wire

Like its competitors, Tennessee-based First Community Mortgage, Inc. (FCM) reduced the company’s size through 2022 amid a tough mortgage market. At the start of 2023, the company is investing in training the sales team on tactics to start growing the business again. Surprisingly, the landscape is helping. “There is certainly optimism in the air as mortgage applications have started to pick up on,” Keith Canter, CEO at First Community Mortgage, said. “The optimism is

Loans 468
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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.

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11 must-read books for 2023

Inman

The best real estate books include real-world stories and actionable advice. Curate your reading list for 2023 with these suggestions.

Brokerage 167
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Pennymac looks to capitalize on Wells Fargo’s correspondent exit

Housing Wire

Pennymac , the country’s largest correspondent lender with about 14% market share, has its eyes fixed on absorbing origination volume that Wells Fargo is leaving behind in the correspondent channel. . The California-based lender plans to increase its client base in the bank and credit union segment where Wells Fargo was most active, Abbie Tidmore, senior managing director and chief revenue officer, at Pennymac told HousingWire.

Loans 458

More Trending

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HECM vs. HELOC: What are the advantages?

Housing Wire

Today’s housing market has many looking for ways to cash in their equity, especially older homeowners. However, the standard HELOC isn’t the right choice for everyone. HousingWire recently spoke with Adrian Prieto, SVP of wholesale and third-party relationships at Longbridge Financial, about the advantages of HECMs and how they better serve homeowners aged 62 and older.

Equity 435
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Homebuyer loan requests jump 25% as mortgage rates continue to fall

Inman

After two months of declines, mortgage rates are now at their lowest level since September with potential to spur spring homebuying, according to MBA economist Mike Fratantoni.

Mortgages 158
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Homebuilder sentiment finally perks up as mortgage rates drop

Housing Wire

After a year of declines, homebuilder sentiment started off 2023 with a modest uptick, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday. It suggests homebuilder sentiment has bottomed out and (slightly) better days are ahead for homebuilders. In January, builder confidence in the market for newly build single-family homes rose four points from December’s reading , to an index value of 35.

Mortgages 418
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NextHome lands No. 1 franchise ranking for third straight year

Inman

The flexible-spending model real estate franchise beat out a number of other real estate franchises assessed by Franchise Business Review this year, including Keller Williams, Weichert Real Estate, Sotheby's International Realty and others.

Land 158
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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.

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Overcoming 2023’s biggest appraisal challenges

Housing Wire

From an appraiser shortage to turn-time challenges amid record-breaking volumes, the past few years have been a whirlwind for the appraisal industry. HousingWire recently sat down with Jaro Managing Director Gareth Borcherds to learn what steps housing professionals can take to speed up appraisals. HousingWire: What steps can housing professionals take to ensure a faster appraisal?

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5 key questions to ask your seller facing foreclosure

Inman

If you are considering taking on a foreclosure listing, you need to make sure it is the best solution for all involved parties. Listing expert Minna Reid says you need to ask these five questions before you list the home for sale.

Sales 158
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Lower debuts white label mortgage platform

Housing Wire

Columbus, Ohio-headquartered lender Lower rolled out mortgage as a service platform that enables consumer finance, banking and real estate companies to offer its mortgage products. . Lower’s platform is aimed to offer a “digital-first home financing experience quickly and easily” with white-label options available that can be embedded into the partner’s process through application programming interface (API) and no-code solutions, the firm said on Tuesday.

Mortgages 396
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The country moved closer to a balanced market in December

Inman

Inventory rose 69 percent, and sales fell 38 percent to close out 2022 as the nation moves away from the frenzied seller’s market and closer to balance, according to a new market report from RE/MAX.

Marketing 158
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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.

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Building Materials Price Growth Slows 60% in 2022

Eye on Housing

The producer price index (PPI) for inputs to residential construction less energy (i.e. building materials) rose 8.3% in 2022 (not seasonally adjusted) according to the latest PPI report—less than one-half the increase seen in 2021. On a monthly basis, building materials prices declined 0.3% in December—the fourth consecutive monthly decrease. After increasing an average of 1.8% per month the first five.

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Has eXp done enough to shed costs and still grow in 2023?

Inman

The all-online brokerage saw its growth finally slow amid a broader market contraction. CEO Glenn Sanford eyes the challenges ahead for 2023.

Brokerage 158
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Builder Confidence Uptick Signals Turning Point for Housing Lies Ahead

Eye on Housing

A modest drop in interest rates helped to end a string of 12 straight monthly declines in builder confidence levels, although sentiment remains in bearish territory as builders continue to grapple with elevated construction costs, building material supply chain disruptions and challenging affordability conditions. Builder confidence in the market for newly built single-family homes in January rose four points to.

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The Agency launches 70th franchise in Bend, Oregon

Inman

Led by managing partners Grant Ludwick, Matt Robinson and Nick Wilhite, the office will build on the company's growing presence across the U.S., Canada, Mexico the Caribbean and Europe.

Brokerage 158
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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.

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‘So Why Are You Selling?’ 10 Answers You Should Never Give

Realtor.com

Milkos/iStock This might seem like a perfectly innocent question from home buyers, but watch out—if you’re the home seller they’re asking, this is one of the diciest questions you can answer. The reason: Pretty much any explanation you give is bound to contain revealing info that these home buyers could use against you, thereby compromising your negotiating power.

Agents 119
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Lisa Seligman named SVP of human resources at Douglas Elliman

Inman

Seligman brings to Douglas Elliman more than two decades of experience in human resources management roles at a number of luxury and beauty companies, including Arcade Beauty, L'Occitane en Provence, Tiffany & Co., Shiseido and more.

Branding 158
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A robot attorney will be allowed to defend a case

The American Genius for Real Estate

A robot attorney will be allowed in a court room next month - how will this work and will other courts allow the same?

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In reversal from 2021, it costs more to buy than rent in 95% of US

Inman

Last year, it was more expensive to rent than own. High home prices and mortgage rates that doubled in 2022 changed that, according to a new report from property data firm Attom.

Mortgages 158
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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.

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What Is ‘House Poor’? What It Means, and Whether You’re at Risk

Realtor.com

SARINYAPINNGAM/iStock This phrase describes home buyers who’ve purchased property they can’t easily afford—and are now paying the price, as it were. “If you can’t spend your income the way you want to because so much of it is going to housing expenses, you’re house poor,” says Debra Neiman , a financial planner at Neiman & Associates Financial Services in Arlington, MA.

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Inman launches Inman Intel, a new data and research arm

Inman

The new offering gives expert analysis at the intersection of business data and audience insights, and launches today.

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What’s Happening to Your Home Equity in a Cooling Housing Market?

HomeLight

If you’re like most homeowners, you’re eyeing the home equity market with caution – or flat-out worry. The housing market is cooling off quickly, and it could continue to spiral in the coming year. That means you’re probably concerned you’ll lose equity and are wondering how much value you might miss out on in the coming year. We asked two experts to help get to the bottom of what’s happening to home equity in the current housing market: Donald J.

Equity 105
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Knock increases bridge loan for home prep to $35,000

Inman

The six-month loan is a component of Home Swap that allows clients to prepare a home for market through basic repairs, small finish upgrades, painting and other items buyers look for in a home.

Loans 158
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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.

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With Home Prices Coming Down in Some Areas, Will Your Rent Lower as Well?

Lighter Side of Real Estate

If you’re a renter, you’re probably well aware that rents went up more than 20% over the past few years, but your income most likely didn’t increase by nearly as much. So this realtor.com article probably sounds like promising news when the headline claims that rent prices are finally falling in some areas. However, the article actually says that economists are predicting rental prices to keep increasing in the coming year.

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Mike DelPrete Intel exclusive: Big brokerages spar in race to cut costs

Inman

All of the biggest players in real estate are cutting costs, but some are better off than others to weather the storm, Mike DelPrete argues in his first exclusive filing for Inman Intel.

Brokerage 158
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CENTURY 21® AllPoints Realty and CENTURY 21® Blue Marlin Pelican    Announce Strategic Partnership

Realty Biz

CENTURY 21® AllPoints Realty and CENTURY® Blue Marlin Pelican are pleased to announce a strategic partnership that marks a major expansion for both family-owned, real estate brokerage powerhouses. This partnership will allow both companies to join forces and leverage each other’s strengths in order to provide their agent base and clients with the best tools and service.

Brokerage 104
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Husband of missing Tishman Speyer exec charged with murder

Inman

Brian Walshe, 47, was charged with the murder of his wife, Ana Walshe on Jan. 17. He had already been locked up since Jan. 8 for misleading investigators about her New Year's Day disappearance.

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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.