Housing Wire
FEBRUARY 2, 2024
Redfin is back to offering refunds to homebuyers but this time under a new name. Launched on Thursday, the brokerage’s Sign & Save program provides buyers who sign up to work with a Redfin agent before their second home tour — and who purchase a property with that agent within 180 days of signing the agreement — a refund of 0.25% to 0.5% of the purchase price of the house.
Real Estate News
FEBRUARY 2, 2024
The new “Sign & Save” program offers buyers a rebate if they sign a buyer agreement with Redfin and go under contract on a home within six months.
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Housing Wire
FEBRUARY 2, 2024
Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates higher today. Now, we do have some quirky seasonality issues with this report, but as I have often stressed, don’t look at one to two positive or negative job reports; take the longer-term trend.
Real Estate News
FEBRUARY 2, 2024
“We’re trying to be an example of what an association can do,” says René Galvan, who will take over for Bob Hale as CEO in 2026.
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Housing Wire
FEBRUARY 2, 2024
The Federal Housing Administration (FHA) on Friday announced that it has published a new final rule that eliminates a current requirement for lenders to register the branch offices where they conduct FHA Title I or Title II mortgage loan originations. By removing these requirements, FHA hopes to involve more community-based entities in its Title I and II programs, including smaller loan originators and credit unions, the agency explained.
Real Estate News
FEBRUARY 2, 2024
Zillow unveils app for Apple's Vision Pro; Perchwell offers REBNY RESO-compliant data solution; CoreLogic launches security platform; Lofty adds AI assistant.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
FEBRUARY 2, 2024
Sellers are still seeing near-record-high profits, but this was the first year-over-year decline in 12 years.
Housing Wire
FEBRUARY 2, 2024
The U.S. economy added significantly more jobs than expected during the first month of the year. Jobs increased by 353,000 in January, up from a revised rate of 333,000 in December , according to data released by the Bureau of Labor Statis tics on Friday. January’s reading far exceeded the monthly average of 255,000 new jobs per month in 2023. Meanwhile, the national unemployment rate remained unchanged for the third month in a row at 3.7% while the number of unemployed Americans also showed lit
Inman
FEBRUARY 2, 2024
German search engine optimization (SEO) platform SISTRIX ranked portal Homes.com No. 43 on a list of fastest-growing domains in the U.S. The company has been ranking domains for 15 years.
Housing Wire
FEBRUARY 2, 2024
Most of last year’s top-producing loan officers at Draper and Kramer Mortgage Corp. (DKMC) are not transitioning to the company’s acquirer, New American Funding (NAF), according to multiple sources and available public data. During their departure, DKMC sales staff who are not joining NAF were informed by leadership that they will have to wait a few months before receiving all of their compensation tied to any loans closed before the M&A deal, per documents reviewed by HousingWire.
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Inman
FEBRUARY 2, 2024
Zillow Immerse is the latest in a series of software releases from the home search leader as it moves toward an agent services model, collectively referred to as its “super app.
Housing Wire
FEBRUARY 2, 2024
In a high-rate environment, Pennymac Financial Services delivered profits in 2023, mainly due to the performance of its servicing portfolio. That’s despite a net loss in the last quarter of the year attributable to the resolution of a long-standing arbitration process with Black Knight regarding its servicing technology and losses in mortgage servicing rights (MSR) fair value. “2023 was one of the more challenging origination markets in recent history, with industry volumes down appr
Inman
FEBRUARY 2, 2024
Employers added 353,000 workers to their payrolls in January, a "head scratching" jobs report from the Labor Department that kills prospects for a March rate cut "stone dead," economist says
Housing Wire
FEBRUARY 2, 2024
Real estate brokerage eXp Realty has entered into an affiliated business agreement with Orlando, Florida -based title fi r m Citrus Closing Group , according to an announcement on Thursday. “We are thrilled about the prospects of our exciting new partnership with eXp Realty, anticipating a wealth of opportunities and collaborative success ahead,” Jeremy Webb, the president of Citrus Closing Group, said in a statement.
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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.
Inman
FEBRUARY 2, 2024
Strategic migration, low inventory and a demand for larger spaces have also contributed to rising luxury prices, agents told Inman, depending on the specific market.
RIS Media
FEBRUARY 2, 2024
The latest Survey of Consumers from the University of Michigan finds that consumer sentiment in January remains relatively rosy, suggesting optimism about the economy as the new year gets underway. The Index of Consumer Sentiment, calculated by surveying consumers, currently sits at 79, a substantial increase both month-over-month (69.7 in December 2023) and year-over-year (64.9… The post Consumer Sentiment Continues to Gain Momentum appeared first on RISMedia.
Inman
FEBRUARY 2, 2024
Oppy is software that anyone can use to build an AI assistant to pick up the pieces of a busy workday, from scheduling meetings with integrated drive times to ensuring that last lead received the information they needed.
RIS Media
FEBRUARY 2, 2024
Job growth was unexpectedly strong in January, with companies adding workers at the robust pace of 353,000 last month, another data report pointing to the strength of the U.S. economy. The latest data, issued Friday by the U.S Bureau of Labor Statistics landed well above the 255,000 monthly average for 2023, which was higher due… The post U.S.
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.
Inman
FEBRUARY 2, 2024
Trainer Bernice Ross talks to popular TikTok credit expert Alisa Glutz to find out how you and your clients can optimize the potential of a credit profile for lower interest rates and better scores.
Bigger Pockets
FEBRUARY 2, 2024
Over the next four years, commercial debt bills will total a whopping $2.8 trillion many of which are balloon payments. It's led to the steepest drop in commercial asset valuations in recent history and created tremendous anxiety amongst investors. Where does the market go from here?
Inman
FEBRUARY 2, 2024
In his latest Snapshot profile, Brandon Doyle looks at Nathan Brennan's impact on the real estate industry through AI and computer vision and how technological innovation can revolutionize industries.
RIS Media
FEBRUARY 2, 2024
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. –A potentially landmark Supreme Court case is scheduled for oral arguments later this month, focused on a requirement that lenders pay interest on homeowner escrow accounts. A ruling in the case, which won’t be for… The post MORTGAGE MIX: Supreme Court Schedules Major Mortgage Case; Fed Shaky on Rate Cuts appeared first on RISMedia.
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.
Inman
FEBRUARY 2, 2024
Sixty-five employees are slated to lose jobs when the Atlanta-based lender, licensed in 48 states, ceases operations on March 29, the company confirmed in a WARN Act filing with Georgia officials.
RIS Media
FEBRUARY 2, 2024
The National Association of REALTORS®’ (NAR) Bias Override video series, produced in collaboration with the Perception Institute, has won an Anthem Award. These awards “honor the purpose and mission-driven work of people, companies, and organizations worldwide.” “By amplifying the voices that spark global change, we’re defining a new benchmark for social impact work that inspires… The post NAR Awarded For Fair Housing Video Series appeared first on RISMedia.
Inman
FEBRUARY 2, 2024
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.
RIS Media
FEBRUARY 2, 2024
The entire business world is rapidly changing thanks to AI, and real estate is seeing quick adoption. Over the course of 2023, we saw how data analysis, automation, and personalization fundamentally transformed lead generation and lead nurturing. So how can your team thrive in the years ahead? By implementing a plan for incorporating AI that… The post AI: Your Biggest Opportunity in 2024 appeared first on RISMedia.
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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.
Inman
FEBRUARY 2, 2024
Rosen's team includes seven additional real estate agents and one administrator, according to an announcement. Their move to SERHANT. comes as brokerages battle over top talent.
Eye on Housing
FEBRUARY 2, 2024
The U.S. economy entered the new year with a strong gain in payroll employment and an unchanged unemployment rate. Job gains in November and December were much stronger than initially estimated, according to revisions of the establishment survey data. January’s jobs report shows that the job market remains unexpectedly strong despite the impact of the highest interest rates in two.
Inman
FEBRUARY 2, 2024
A roofing technology company called Roofer has landed a $7.5 million seed investment to advance its computer vision-based roof analysis solution.
Bigger Pockets
FEBRUARY 2, 2024
A recent poll showed 60% of Americans are scared of the word "budget," so they wind up doing nothing at all. You don't have to budget, but you do have to track. Here's how.
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.
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