Tue.Feb 07, 2023

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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 186
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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 384
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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 166
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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 384
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3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

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The Agency expands further into Europe with new Portugal franchise

Inman

The new Lisbon office follows The Agency's first foray into Europe — in The Netherlands — last spring. The office will be led by Managing Partner Ayres Neto, The Agency revealed to Inman.

Brokerage 161
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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.

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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 370
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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 154
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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 370
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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.

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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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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 370
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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 156
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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.

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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.

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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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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.

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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 153
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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 306
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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 145
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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

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.

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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.

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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.

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Will There Be Others?

BubbleInfo

Realtors are known to comfort buyers who have lost a bidding war by saying, “There will be others” But will there be? Especially for those at the entry level of every market… where the action is the hottest. Above are the NINE houses that sold under a million dollars between La Jolla and Carlsbad in 2022.

Marketing 105
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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 146
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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

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.

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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.

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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.

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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
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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.

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5 Data Proven Ways Agents Can Do 18% More Business

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.

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Why Mortgage Rates Are DAMAGING Affordability

Broke Agent Media

On this week’s episode of The Real Word , Byron Lazine and Nicole White start off with an Inman article saying most homebuyers are paying thousands of dollars ( $4,300 on average ) up front to buy down the mortgage rate—paying roughly three times the amount they would have paid before the pandemic. The next headline was from Real Estate News , offering three ways to spend $3,000 on your real estate business to get the most bang for your buck.

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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
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Live Event! Circle Prospecting with BAM

Broke Agent Media

You asked, and we’re delivering. After the massive success of BAM’s first cold-calling event for expired listings , agents everywhere started asking for more. (For anyone who missed it, it’s a must-see. Use this link to watch and this link for a breakdown of scripts!) View this post on Instagram A post shared by Real Estate Media | BAM (@nowbam) Back to this week.

Agents 98
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What Do You Need To Consider When Buying A New Home?

Lab Coat Agents

Are you in the market to buy your first home? If so, there are a few things you’ll need to keep in mind. This blog post will outline some of the critical factors you need to consider when making such a necessary purchase. So, whether you’re just starting to think about buying a home or are already doing so, be sure to read on for some valuable tips.

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Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

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.