Housing Wire

JANUARY 11, 2023

Loan officers saw an increase in mortgage demand during the first week of 2023 as mortgage rates ticked down. And to close deals, sellers are increasingly coming to the table with concessions and rate buydowns. . “I’ve had five people contact me in the last week or so to talk about buying a new home, which is much better than a month or two ago,” Rochelle Gano , a Vancouver, Washington-based loan officer at Movement Mortgage , told HousingWire. “It seems like, with every

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Seller concession Mortgages Loan Officer Loans 529

Keeping Current Matters

JANUARY 11, 2023

There’s no doubt today’s housing market is very different than the frenzied one from the past couple of years.

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Marketing 311

Housing Wire

JANUARY 11, 2023

Michigan-based United Wholesale Mortgage (UWM) is taking another step to aggressively reduce its prices in order to gain market share in a shrinking mortgage market. . The company announced on Wednesday that it is giving up to 125 basis points to brokers to use on any loans they lock with the lender, with a maximum of 40 basis points per loan. According to a spokesperson for the company, LOs can apply their own pricing enhancement to their borrowers with these basis points. “Sometimes 10

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Loan Officer Loans Mortgages As-is 476

Inman

JANUARY 11, 2023

From the ability to control their own income and flexibility of work hours to making a positive impact in the lives of others — there are many reasons why real estate professionals do what they do.

Agents 179

Agents 179

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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.

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Housing Wire

JANUARY 11, 2023

Nashville, Tennessee-headquartered Defy Mortgage is the latest player to join the non-QM (non-qualified mortgage) lending space, which targets entrepreneurs and gig workers who have various forms of collateral, including cryptocurrency. The company takes a “holistic approach” to evaluating a homebuyer’s entire asset portfolio, including cryptocurrency and bitcoin, Defy Mortgage said Tuesday in an announcement about the launch.

Lending 448

Lending Mortgages Marketing Loans 448

Inman

JANUARY 11, 2023

You've got 365 days to work with in 2023. Whatever your circumstances, writes Teresa Boardman, it all comes down to what you decide to do with them.

Agents 158

Agents Marketing 158

Inman

JANUARY 11, 2023

When markets get tough, and 2023 is certainly shaping up that way, it's the professionals who come out in the winner’s circle while the amateurs are left standing on the sidelines.

Agents 158

Agents Marketing 158

Housing Wire

JANUARY 11, 2023

Stewart Title is back on the acquisition wagon. The smallest of the Big Four title insurers announced Tuesday that it had acquired the Elite Family of Companies. The financial details of the acquisition were not disclosed. The Elite Family of Companies includes Elite Land Title, LLC , Aspen Land Title Agency, LLC , and Citizens Land Title Agency, LLC.

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Title Land Commercial Mortgages 432

Inman

JANUARY 11, 2023

Executives hope to reduce risk by reducing the size and narrowing the focus of bank's mortgage business to better serve retail customers and minority communities.

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Lending Mortgages Banks 158

Housing Wire

JANUARY 11, 2023

In its 3rd year, the HW Finance Leaders award is celebrating the industry’s top finance executives who have muscled through another unprecedented year in housing and helped their organizations come out on top. And this year’s list will be even more robust as the nomination categories have been separated into both mortgage and real estate to welcome a broader pool of nominees.

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Finance Banks Brokerage Closing 430

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

JANUARY 11, 2023

The brokerage has dominated the conversation for years in real estate but is now faced with the task of becoming profitable amid its first major market downturn.

Brokerage 148

Brokerage Marketing New Construction Construction 148

Housing Wire

JANUARY 11, 2023

Chantilly, Virginia-headquartered mortgage bank Prosperity Home Mortgage , a subsidiary of HomeServices of America , promoted Justin Messer to president and CEO on January 1, 2023. Messer succeeds Tim Wilson, who has been in the position since 2014. Messer, who was the Prosperity COO for more than three years, will be responsible for leading the lender to its “next stage of growth and performance,” he said in a statement on Wednesday.

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Mortgages Banks Loans Lending 418

Inman

JANUARY 11, 2023

Requests to refinance accounted for 31 percent of all loan applications last week, well below the past decade’s average of 58 percent.

Loans 148

Loans Mortgages Marketing 148

Better Dwelling

JANUARY 11, 2023

Greater Toronto experienced a massive population boom, but that may be peaking soon. Statistics Canada (Stat Can) data shows Toronto CMA’s population was booming in 2022. Drilling down into the numbers reveals the growth was just immigration. The artificial growth trend obfuscates the record outflow of residents from the region. The headline data looks great, […].

Mortgages 125

Mortgages 125

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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

Inman

JANUARY 11, 2023

The company launched its Variance Reduction System this week, a provision in the settlement Meta worked out with the U.S. Department of Justice.

Technology 148

Technology 148

Sotheby's International Real Estate

JANUARY 11, 2023

Featuring curated videos from the most sought-after destinations the world over, discover this week’s V ideo of the Week. . New York, New York | Sotheby’s International Realty – Downtown Manhattan Brokerage. 220 Central Park South is the preeminent new address in New York City, situated directly on Central Park. Designed by Robert A.M. Stern Architects, this extraordinary half-floor residence redefines the very meaning of the word luxury and living life to its fullest.

Brokerage 112

Brokerage Design 112

Inman

JANUARY 11, 2023

The company intends to make it easier for agents to generate useful, engaging content. "Humans have worked hard for a long time. It is time machines do the heavy lifting from here on," said CEO of planetRE Subrao Shenoy.

Agents 148

Agents Marketing Sales Technology 148

The American Genius for Real Estate

JANUARY 11, 2023

It is fascinating to learn how much more a Millennial needs to feel secure than a Baby Boomer or GenXer, but Gen Z needs even more.

Finance 111

Finance 111

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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

JANUARY 11, 2023

The company also announced Second Century Ventures Managing Partner Tyler Thompson will join zavvie's board of directors.

Technology 148

Technology 148

The American Genius for Real Estate

JANUARY 11, 2023

LinkedIn can be a strange platform at times, but if you want your time there to yield results, here's what works in 2023.

Marketing 111

Marketing 111

Inman

JANUARY 11, 2023

While the nation continues moving away from the pandemic-era lows, it's doing so very slowly and well below rates seen during the Great Recession.

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148

Realtor.com

JANUARY 11, 2023

Getty Images Many first-time homebuyers might presume they’re better off going used rather than new—in other words, purchasing a pre-existing property rather than pricey new construction. While it’s true that brand-new homes often come with a heftier price tag upfront, these properties can actually end up being a good—even great—deal for first-time buyers. “It is true that new-construction homes, on average, are 10% to 15% higher in sales price than resale homes, but that doesn

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New Construction Construction VA loan Finance 110

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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

JANUARY 11, 2023

Steve Luthman was picked to lead the Midwest, Southeast and Canada regions; and Syl Apps will head the South America region, the company announced on Wednesday.

Property Management 147

Property Management 147

Bigger Pockets

JANUARY 11, 2023

Outside of the roller coaster ride the FTX and Terra coins took, I have rarely seen anything quite like the trajectory nationwide rents have taken over the previous year. Take […].

Marketing 108

Marketing 108

Inman

JANUARY 11, 2023

With Pacaso Now, the company is offering a 5 percent-down payment option for a one-eighth share, thereby providing second home buyers 3 options after 12 months, according to an announcement.

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122

Real Trends

JANUARY 11, 2023

Growing your client base is a fundamental part of building your real estate business. Although it’s tempting to accept every prospective client who reaches out about selling their home, it’s important for you and any seller to be on the same page before working together. That requires taking some time to get to know each other — and your expectations — better. .

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Renovation Agents Inspection Sales 104

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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

JANUARY 11, 2023

Following her departure from Berkshire Hathaway HomeServices, Pierson joined forces with Jerfita to build on Jerfita's existing team and create the Jerfita Pierson Team at Compass.

Agents 110

Agents 110

Real Trends

JANUARY 11, 2023

The National Association of Realtors’ antitrust lawsuit over its pocket listing policy will have to continue on its current path. The U.S. Supreme Court turned away NAR’s petition to hear the case on Monday without comment. The trade group filed its “ writ of certiorari ” in late September 2022, along with BrightMLS , California Regional MLS (CRMLS) and Midwest Real Estate Data (MRED).

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MLS Brokerage Agents As-is 100

Realtors Property Resource

JANUARY 11, 2023

Start the New Year in high gear! These five tips from RPR will get agents on track and off to a great fresh start for 2023. The post 5 Ways to Start 2023 Strong appeared first on Realtors Property Resource (RPR).

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Agents Marketing 98

The Close

JANUARY 11, 2023

In my 27-year real estate career, I have opened or coached more than 20 startup real estate brokerages. Over that time, I learned an important lesson: Creating a successful budget for a new real estate brokerage takes a lot more effort than most new brokers think. There are many elements you must consider when creating your real estate brokerage budget.

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