Inman
SEPTEMBER 6, 2023
Find out why "free" isn't all it's cracked up to be when it comes to your professional website and email address, according to brand new Inman contributor and broker-owner Markus Feldmann.
Housing Wire
SEPTEMBER 6, 2023
United Wholesale Mortgage (UMW) has enhanced its Safe Check program , which provides credit reports without initiating unwanted trigger lead solicitations to brokers’ competitors. In some cases, the lender will provide a hard credit report at no additional cost to borrowers. The program was launched in October 2022 to provide brokers $10 single-bureau soft credit checks for conventional loans.
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Keeping Current Matters
SEPTEMBER 6, 2023
If you’re hoping to buy a home this year, you’re probably paying close attention to mortgage rates.
Housing Wire
SEPTEMBER 6, 2023
Despite a slight drop in mortgage rates last week, mortgage applications fell to their lowest level since December 1996. For the week that ended Sept. 1, mortgage applications dropped 2.9% from the prior week , according to data from the Mortgage Bankers Association. “Both purchase and refinance applications fell, with the purchase index hitting a 28-year low, as prospective buyers remain on the sidelines due to low housing inventory and elevated mortgage rates,” said Joel Kan, MBA’s vice pres
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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.
Real Estate News
SEPTEMBER 6, 2023
A new survey from Zillow found that more than 80% of homebuyers evaluate climate and environmental risks when considering where to live.
Housing Wire
SEPTEMBER 6, 2023
Anywhere Real Estate ’s settlement agreement in two class action antitrust lawsuits dealing with buyer broker compensation raises important questions about the future of buyer’s agency and how other defendants are viewing the fast approaching trials. Top of mind, of course, is what exactly the settlement agreements include, besides an agreement by Anywhere to pay a total of $83.5 million in damages for both the Moehrl and Sitzer/Burnett suits.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
SEPTEMBER 6, 2023
How hot is the housing market? There is certainly no shortage of indicators, but three in particular were published in the last week: the S&P/Case-Shiller Home Price Index, the All-Transactions House Price Index from the U.S. Federal Housing Finance Agency and the MSA-level “hotness” scores from Realtor.com. The indices suggest high prices that are inching higher, while the hotness scores suggest northern MSAs are gaining ground over their southern counterparts.
Real Estate News
SEPTEMBER 6, 2023
“A lot of agents are going to make more money,” says CEO Tamir Poleg as Real reduces the threshold to move up in its rev share structure.
Housing Wire
SEPTEMBER 6, 2023
The Consumer Financial Protection Bureau (CFPB) last week made a quiet change to its guidance related to the Real Estate Settlement and Procedures Act (RESPA), affirming that mortgage originators who partner with U.S. Department of Housing and Urban Development (HUD)-approved counselors can use fee for pre-purchase counseling and homeownership education services.
Inman
SEPTEMBER 6, 2023
Mortgage rates are climbing back toward 2023 highs as more inflation data comes in hot, spurring fears of another Federal Reserve rate hike in November.
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.
Housing Wire
SEPTEMBER 6, 2023
In the face of spiking interest rates and historically high home prices , $3,000 monthly mortgage payments are common in today’s housing market. According to Black Knight’s mortgage monitor report, the average principal and interest payment among borrowers purchasing a home using a 30-year fixed-rate loan hit its highest point ever in July at $2,306.
Inman
SEPTEMBER 6, 2023
Pocket listings are positively overflowing nearly four years after the National Association of Realtors enacted its controversial Clear Cooperation policy to end them, a new Intel analysis shows.
Housing Wire
SEPTEMBER 6, 2023
Mat Ishbia, president and CEO of United Wholesale Mortgage , has echoed the frustration of mortgage industry experts and leaders with the increased volume of loan buybacks from the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. In a recorded video distributed on Tuesday, Ishbia claimed the Federal Housing Finance Agency (FHFA), which oversees the GSEs, “is going to have to step in again because it’s becoming a big issue.” FHFA did not immediately respond to
Inman
SEPTEMBER 6, 2023
From unrealistic portrayals on reality TV to NAR's unfolding scandal, the industry's reputation will suffer until consumers are offered a better deal, writes NextHome broker-owner Edward Svec.
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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.
Housing Wire
SEPTEMBER 6, 2023
California-based RE/MAX Proper has acquired All Nations Realty and Investments , an independent brokerage in Rancho Cucamonga. In total, 126 agents and staff members at All Nations have joined RE/Max Proper, increasing the total agent count to 203, up from 70 when the former indie brokerage affiliated with the RE/MAX brand in May. The acquisition of All Nations was finalized on Aug. 30.
Inman
SEPTEMBER 6, 2023
Shifts in the housing market are exposing underlying changes and the strengths and weaknesses of existing business models, including upstarts like The Real Brokerage, Mike DelPrete writes.
Housing Wire
SEPTEMBER 6, 2023
FundingShield , the fintech provider of plug-and-play solutions to manage risk, compliance and fraud prevention, has partnered with Tata Consultancy Services (TCS), a technology services and consulting company. The partnership comes amid an increase in wire and title fraud risk. FundingShield and TCS aim to protect more lenders, homebuyers, sellers from wire and title fraud, both companies said.
Inman
SEPTEMBER 6, 2023
Although growing a team in a sustainable and meaningful way is far from easy, finding and leveraging the right technology can help you effectively manage your people and processes and keep you on an efficient path to your next growth milestone, Sheila Reddy writes.
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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.
Housing Wire
SEPTEMBER 6, 2023
If there was a chance that a new loan application was sitting in a corner of your office right now, would you look for it? Of course you would. This is not a market where any lender can afford to lose a prospective mortgage deal — every loan matters. That’s why looking closer at each borrower to gauge their closing potential is so important. In the past, lenders would underwrite a new loan and expect that the emerging details were pretty much set in stone.
Inman
SEPTEMBER 6, 2023
The $17 million deal for the sprawling estate, which is located at 10690 Somma Way, closed on Aug. 1, according to a recent report.
Housing Wire
SEPTEMBER 6, 2023
Generative artificial intellegence, such as ChatGPT, is changing everything—a statement that comes as little surprise to anyone these days, and least of all to the many real estate agents whose markets are being saturated by artificial intelligence (AI)-empowered buyers. With the advent of proptech services entering the real estate industry, buyers are becoming more thoroughly informed every day, long before they even speak to an agent.
Inman
SEPTEMBER 6, 2023
The latest integration of computerized smarts involves First Multiple Listing Service, a 57,000-member organization based in Georgia that will launch an enhanced home search experience powered by the joint partnership between computer vision innovator Restb.ai and CoreLogic, one of real estate’s most recognized data brokers.
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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.
Housing Wire
SEPTEMBER 6, 2023
Despite the economic headwinds, the title industry remains strong, according to Fitch Ratings’ title industry September 2023 Peer Review. According to Fitch, the Big Four title companies , Stewart , First American , Fidelity and Old Republic , accounted for approximately 82% of all the title premiums written during the first quarter of the year. Fidelity recorded the largest market share at 29%, followed by First American at 26%, Old Republic at 16% and Stewart at 11%.
Inman
SEPTEMBER 6, 2023
Revive Vision AI analyzes property photos to assess a property’s current value and renovation potential, utilizing Revive’s renovation recommendation engine to provide estimates backed by local contractors that maximize listing values.
Housing Wire
SEPTEMBER 6, 2023
The ICE — Black Knight merger creates the first end-to-end digital infrastructure that will reorder incentives and change how housing markets operate. New competitive pressures on long-protected positions will force many to rethink delivery systems and reinvent organizations. The digital future is unknowable, but we do know that information power moves to consumers, value resides in networks and data rights are the new currency.
Inman
SEPTEMBER 6, 2023
We've all known that one person who just can't get (and keep) it together. What do you do when that person is on your team?
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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.
Bigger Pockets
SEPTEMBER 6, 2023
Soli Cayetano makes over $10K per month in passive income at age twenty-five by buying the rental properties that most investors actively avoid.
Inman
SEPTEMBER 6, 2023
The new class brings the total number of Compass Sports & Entertainment Division agents up to 158, representing 71 different markets. In 2022, they closed more than $7.7 billion in sales volume.
Bigger Pockets
SEPTEMBER 6, 2023
Fewer purchases are being made by real estate investors this year, but that doesn't necessarily mean the sky is falling. Or does it?
Inman
SEPTEMBER 6, 2023
The Virginia Corbett Home Team includes 16 agents and five staffers. The team's move to eXp comes as brokerages across the U.S. compete for top talent.
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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.
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