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.

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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.

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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 167
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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.

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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.

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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.

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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

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More Trending

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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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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 144
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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

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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.

Brokerage 153
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Database Restoration: How to Revive Dead Leads and Generate New Ones

Speaker: Rivers Pearce, CEO of W8LESS

Successful real estate professionals know that the most powerful tool in their business (aside from their stellar personality, of course) is maintaining a robust database of past, current, and prospective clients. However, keeping your contacts in a spreadsheet, or worse, sitting in your iPhone, simply won’t cut it in today’s world. In this session, Rivers Pierce, CEO of W8LESS, will teach you how winning agents restore and revive their database to continue to gain market share.

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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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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.

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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.

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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 144
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The #1 Reason Why Sales Coaching is Critical to Your 2022 Sales Success

Speaker: Tim Hughes, Co-Founder and CEO of Digital Leadership Associates

In this era of social media, traditional ways of selling are not as effective as they used to be. As prospects become more proficient on social media, many organizations struggle to keep up, not knowing how to navigate the new digital landscape. With most of the world’s population active on social media, it is imperative that teams improve their sales strategies by investing in sales coaching & training.

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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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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.

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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.

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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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The Real Estate Pulse: Analyzing the 2022 Housing Market

Speaker: Grier Allen, CEO and Co-Founder of BoomTown

For real estate professionals, 2021 was an iconic year. And while the seller’s market continues to shape 2022, real estate experts predict significant changes in inventory, mortgage rates, home prices, and buyer’s checklists. It can be difficult to navigate these constant shifts. However, with the right strategy in place, there is no doubt that you can achieve success.

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How to Become an Appraiser in 3 Steps

McKissock

To become a licensed appraiser , most states require you to start out as an appraisal trainee and obtain a certain number of hours of experience before you can appraise real property on your own. Many states have different titles for trainees, such as apprentice appraiser or registered appraiser. Some states require you to earn a college degree , but some don’t.

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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.

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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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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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The Only Business Plan You'll Ever Need in Real Estate

Overthinking your business plan? The old and tired process of building a 12-month business plan simply doesn’t make sense for the modern real estate business. Learn how to build one that will actually help you keep on track, stay nimble, and close more deals in 2022. Download now!

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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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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.

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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.

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MLS Shenanigans

BubbleInfo

We’ve covered the ways that buyers and buyer-agents are getting battered by listing agents. Making homes tough to show, no transparency about offers and bidding-war process (if any), below-market commissions, sandbagging listings in-house for days or weeks before exposing to general public, etc.

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#Trending: How to Leverage Instagram’s Algorithm to Build Your Pipeline

Speaker: Eric Simon, Founder of The Broke Agent Media | Matt Lionetti, Real Estate Salesperson at The Agency

Social Media is one of the most efficient sales tools an agent can use! It has the potential to produce high-quality leads and foster client relationships when used effectively. As new social media tactics flood the market, agents are being inundated with the various apps and trends that could lead to their success. In this webinar, The Broke Agent and Matt Lionetti breakdown the strategies they utilized to grow their accounts to over 400,000 combined followers.

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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).

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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.

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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.

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Bubbleinfo Subscribers

BubbleInfo

Thank you everyone who signed up to receive an email alert when a new bubbleinfo post happens. I think we have it working now – this is a test!

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How Sales Enablement is Supporting Social Selling in 2022

Speaker: Brynne Tillman CEO | LinkedIn Whisperer at Social Sales Link

In many organizations, Sales Enablement is owning both LinkedIn and Social Selling. LinkedIn, even the free version, is an essential sales tool that every sales professional should be using, while leadership is continuing to turn to Sales Enablement to ensure that the business development team has all the strategies and tactics they need to be successful.