Tue.Feb 07, 2023

article thumbnail

How Experts Can Help Close the Gap in Today’s Homeownership Rate

Keeping Current Matters

As we celebrate Black History Month, we reflect on the past and present experiences of Black Americans. This includes the path toward investing in a home of their own. And while equitable access to housing has come a long way, homeownership can be a steeper climb for households of color. It’s an important experience to talk about, along with how it can make all the difference for diverse homebuyers to work with the right real estate experts.

Closing 272
article thumbnail

Guild acquires small retail lender Legacy Mortgage

Housing Wire

Acquisitive lender Guild Mortgage on Tuesday announced the acquisition of Legacy Mortgage , increasing its footprint in the Southwest. Publicly traded Guild is picking up Legacy’s 13 branches across four Southwest states – Arizona, Colorado, New Mexico and Texas. Terms of the deal were not disclosed. “This acquisition is part of the company’s continued plan to grow both in existing markets and by entering new ones with selective acquisitions of like-minded lenders,” Guild CEO Mary Ann McGa

Mortgages 397
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Most homebuyers forking out big bucks to buy down mortgage rate

Inman

While mortgage rates have eased and home prices have fallen in many markets, affordability "still has a stranglehold on much of the market," according to research released Monday by Black Knight.

Mortgages 174
article thumbnail

Could the assumable mortgage level the playing field?

Housing Wire

California-based Carrington Mortgage Services (CMS) sees a window of opportunity in the mortgage market. The Federal Reserve (Fed) actions that resulted in millions of borrowers receiving mortgage rates below 4% gave way to Fed actions that… triggered mortgage rates to rise above 7% in the fall of 2022. The duality of the Fed has resulted in a mortgage rate lockdown: homeowners with low mortgage rates aren’t motivated to sell when home prices are high and mortgage rates remain in the 6% range.

FHA loan 397
article thumbnail

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.

article thumbnail

Price growth slowdown continued in December as mortgage rates peaked

Inman

Home price growth fell 0.4 percent between November and December, while year-over-year single-family price growth dropped to 6.9 percent, according to new data released Tuesday by CoreLogic.

Mortgages 174
article thumbnail

Get ready for HousingWire Annual 2023

Housing Wire

Get ready for Housingwire Annual 2023. Join us on October 10-12, 2023 in Austin, Texas for the ‘All Things Housing’ event of the season. The whole team at HW is so excited to be hosting this event in our home state. During last year’s conference, we explored ‘All Things Housing’ in Scottsdale, Ariz. Attendees heard informative and exciting sessions by speakers like Ryan Serhant, Logan Mohtashami, Sandra Thompson and Bill Lyons.

Title 397

More Trending

article thumbnail

Anthony Hsieh is fighting with the loanDepot board

Housing Wire

loanDepot founder and chairman Anthony Hsieh has decided to use his majority voting power to unilaterally nominate Steven Ozonian for election to the board of directors, exposing a dispute with other board members, the company disclosed in a regulatory filing on Tuesday. The decision on the new board member will be made in the company’s 2023 annual stockholders’ meeting, during which Hsieh intends to vote all of his shares in favor of Ozonian.

Title 388
article thumbnail

Regulators fire warning shot over bow of mortgage comparison sites

Inman

The Consumer Financial Protection Bureau warned on Tuesday that operators of mortgage comparison-shopping platforms may be violating RESPA if they manipulate search results to coerce kickbacks.

Mortgages 167
article thumbnail

Purchase sentiment is climbing, but home sales could stay muted

Housing Wire

High mortgage rates and elevated home prices continued to dampen the consumer sentiment regarding home purchase decisions in January, according to new data from Fannie Mae. Ongoing affordability issues remained a problem for buyers last month, and home sales are now expected to remain muted in the coming months. But while affordability has continued to deter homebuyers from entering the market, there was an uptick in the Fannie Mae Home Purchase Sentiment Index (HPSI) last month.

Sales 369
article thumbnail

Mapping out 253 cities with quarterly declines in home value

Inman

Where are home prices falling? Let's map out the 253 cities that saw quarterly declines in the final three months of 2022. But there are indications that this isn't a repeat of the 2008 crash.

Marketing 167
article thumbnail

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.

article thumbnail

Snapdocs completes integration with Mortgage Cadence LOS

Housing Wire

Digital closing platform Snapdocs announced on Tuesday that it has completed its integration with Mortgage Cadence, a cloud-based digital lending platform. This integration will enable lenders to finalize closing documents using Snapdocs within Mortgage Cadence’s loan origination system (LOS). Lenders can also use the system to order closing documents and other data.

Mortgages 368
article thumbnail

Broker Tamir Shemesh lands at Nest Seekers after SERHANT. exit

Inman

Following the announcement of his untimely departure from SERHANT. after just one year, Tamir Shemesh has now joined Nest Seekers International, his fourth brokerage in the past six years.

Land 166
article thumbnail

Ishbia gets NBA Board of Governors’ blessing to buy the Phoenix Suns

Housing Wire

The NBA Board of Governors announced on Monday that it had approved the group, led by mortgage industry executive Mat Ishbia, to acquire the Phoenix Suns and Phoenix Mercury. The transaction, which values the Suns and Mercury at $4 billion, first became public in December. The NBA said in a news release that the deal is expected to close this week, and both teams will change hands for the first time in 19 years.

Mortgages 368
article thumbnail

Douglas Elliman enters Wellesley, MA, bringing on Joni Shore Group

Inman

The move into Wellesley will be bolstered by Joni Shore's three decades-plus career in real estate, which now exceeds $600 million in sales volume, according to news revealed exclusively to Inman.

Sales 165
article thumbnail

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.

article thumbnail

Nominations for the 2023 HW Rising Stars are now open

Housing Wire

HousingWire’s Rising Stars are back! Nominations for the popular award open today and will run until Friday, February 24, 2023. This year — in an effort to combine mortgage and real estate into one award — we’re excited to announce the HW Rising Stars is also the new home to the successful RealTrends Emerging Leaders award. This program recognizes industry professionals ages 40 and under who have become leaders in their respective fields.

article thumbnail

Get out of your head! Shut down negative self-talk with these proven strategies

Inman

Whether you’re in leadership, a broker-owner or an agent, negative self-talk plagues virtually everyone, writes trainer Bernice Ross. Here's how to turn off that negative voice in your head and move forward anyway.

Agents 158
article thumbnail

Smaller nonbanks facing “come to Jesus moment” as MSR values dip 

Housing Wire

The year ahead for the mortgage-servicing rights market is shaping up to be a lucrative play for investors, lenders and others looking to purchase MSR assets. Independent mortgage banks (IMBs) leaning on MSR sales, however, now face a supply-demand imbalance, market observers say. That imbalance favors buyers and is expected to be a drag on MSR pricing that threatens to squeeze margins for already struggling IMBs — particularly the smaller players, regardless of whether they sell or retain serv

Investor 321
article thumbnail

The digital evolution of real estate investing

Inman

We know that technology has disrupted the homebuying and selling process, but it's also heavily influenced how we invest in real estate.

article thumbnail

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.

article thumbnail

Home appreciation slows to lowest level in more than 2 years

Real Estate News

CoreLogic’s latest home price index shows year-over-year home appreciation of 6.9%, the lowest rate since late summer of 2020.

147
147
article thumbnail

M. Ryan Gorman dishes on his second act, post-Coldwell Banker

Inman

The former Coldwell Banker CEO spoke with Inman about his development firm btcRE, which aims to "be the change" he wants to see in real estate. "What’s old is new again," he told Inman.

article thumbnail

Age of Housing Stock by State

Eye on Housing

According to the latest data from the 2021 American Community Survey (ACS), the median age of owner-occupied homes was 40 years. The age of the housing stock is an important remodeling market indicator. Older houses are less energy-efficient than new construction and ultimately will require remodeling and renovation in the future. Moreover, as people use their homes for more purposes.

article thumbnail

Black Knight, myCUmortgage vie to power credit unions’ home loans

Inman

Ohio-based myCUmortgage signed nine credit unions serving more than 380,000 members as new partners in 2022.

Loans 148
article thumbnail

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.

article thumbnail

Multi-generational homebuying nears an all-time high: NAR

Real Trends

Multi-generational homebuying is nearing an all-time high, according to the National Association of Realtors ‘ Profile of Home Buyers and Sellers report. In 2022, multi-generational homebuying increased to 14%, up from 11% in 2021, according to the report. The report, which is an analysis of survey data related to buyer characteristics, showed that 15% of first-time buyers and 14% of repeat buyers chose to buy a multi-generational home last year.

Finance 101
article thumbnail

Leading through change: 8 qualities of exceptional leaders

Inman

According to DEI expert Julia Lashay Israel, these characteristics, combined with a deep understanding of the industry and a passion for what they do, make great leaders more effective.

article thumbnail

Questions to Ask a Real Estate Agent

Maximum Exposure Real Estate

Questions to Ask a Realtor Before Signing a Contract Do you know the right questions to ask a Realtor? If you are selling your home, chances are you have some questions. If you didn’t, that would be very unusual. Selling a home often is the most significant financial transaction any of us has ever made. […] The post Questions to Ask a Real Estate Agent appeared first on Maximum Real Estate Exposure.

Agents 98
article thumbnail

How Economic News Affects Your Clients’ Mindset

Realtors Property Resource

Drop some knowledge! Share relevant, up-to-date, hyper-local housing data from RPR to help your clients and prospects understand their market. The post How Economic News Affects Your Clients’ Mindset appeared first on Realtors Property Resource (RPR).

article thumbnail

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.

article thumbnail

Questions to Ask a Loan Officer or Mortgage Broker

Maximum Exposure Real Estate

What to Ask a Mortgage Lender When Getting a Loan Do you know the right questions to ask a mortgage lender? Whether you are working with a loan officer or mortgage broker, it is essential to ask questions. Before looking at homes, it’s wise to get your selection of a lender squared away first. Preparing […] The post Questions to Ask a Loan Officer or Mortgage Broker appeared first on Maximum Real Estate Exposure.

article thumbnail

Top Excuses for Avoiding Video Marketing—and How to Overcome Them

Broke Agent Media

BAM Key Details: Wyzowl’s report, The State of Video Marketing 2023, breaks down data on the usage, effectiveness, and cost of video marketing as well as its outlook for the year. The report reveals common excuses for avoiding video marketing, and we dive into how you can overcome them! The highest share to date of surveyed U.S. businesses (91%) use video marketing to reach their audience online, according to Wyzowl’s new report, The State of Video Marketing 2023.

article thumbnail

The ‘Forever Brand’ seizes the moment

1000Watt

Berkshire Hathaway HomeServices had succeeded in becoming a top global real estate network. But the visual identity and brand strategy the company launched with in 2013 had become limiting. Everything needed to work, to cohere , worldwide. People had to feel and believe from Manhattan to Mumbai. This was the charge given to us by Wendy Durand, BHHS SVP of Marketing. 1,500 offices. 50,000 agents.

article thumbnail

Simple Math that will Help You Set (and Convert) More Appointments

Broke Agent Media

I’ve got some simple math that will help you schedule more appointments. I just finished a killer webinar for our team with Tom Ferry and Phil Jones. If you don’t know Phil, he wrote the book, Exactly What To Say. He is the best wordsmith and one of the most influential speakers and sales trainers that I’ve run into. Tom’s been gracious enough to bring him into our team trainings on a regular basis.

Agents 98
article thumbnail

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.