Housing Wire

MARCH 15, 2024

While many in the real estate industry were surprised by the news Friday morning that the National Association of Realtors had agreed to a nationwide settlement of the commission lawsuits for $418 million, Marty Green, a principal at law firm Polunsky Beitel Green , was not one of them. The days of door opening are over.

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Industrial MLS Brokerage Agents 446

Housing Wire

JULY 29, 2021

Following a robust May, pending home sales declined in June. Though the desire for buyers to purchase a new home remains strong, skyrocketing prices are putting the dream out of reach for some buyers, economists in the housing industry said. The overall pending home sales index fell 1.9% on the index in June, an 8.7% in 2022.

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Sales Marketing Mortgages Industrial 441

Housing Wire

FEBRUARY 24, 2023

It is crunch time in the housing industry. Whether you’ve been affected by industry layoffs or you’re future-proofing your career, applying for new positions and interviewing can be daunting. Proptech companies could hire sales associates to sell their products in the B2B space.

Industrial 365

Industrial Loan Officer Loans Branding 365

Housing Wire

FEBRUARY 22, 2024

When the Department of Justice (DOJ) revealed last week the changes it would like to see in how real estate agents and brokers are compensated through its statement of interest filed in the MLS Property Information Network commission lawsuit , few in the real estate industry were surprised by the agency’s desire to decouple commissions.

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Industrial MLS FHA loan Agents 421

Housing Wire

APRIL 23, 2024

This dip can be partly attributed to the recent acquisition of 3D scanning company Matterport , as well as the costs associated with the Homes.com marketing campaign during the Super Bowl LVIII broadcast in February. In the first quarter, the sales team for Homes.com generated nearly $40 million in net new bookings. billion. “We

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Sales Residential Branding Brokerage 318

Housing Wire

NOVEMBER 13, 2023

Ron Frasier, a title industry veteran and CEO of title startup Atlas Title , has been watching the commission lawsuit saga closely. “If It is going to change how title companies market their products and services,” Cain said.

Title 409

Title Industrial Purchase and sale agreement Agents 409

Housing Wire

OCTOBER 12, 2023

As existing-home sales continue to slide and mortgage rates rise ever higher, all but eliminating any hope for refinance transactions, the title insurance industry is doubling down on technology. At the forefront, is artificial intelligence , or AI.

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Title Industrial Land Technology 368

Housing Wire

APRIL 1, 2024

In March 2022, reverse mortgage lender and servicer Longbridge Financial announced the launch of its national field sales (NFS) division , appointing reverse mortgage industry veteran Melanie Parks to lead the channel as vice president and national field sales leader. You need to do whatever you can to continuously grow.

Sales 363

Sales Loan Officer Principal Loans 363

Housing Wire

MAY 18, 2023

Existing home sales declined yet again in April, according to a report from the National Association of Realtors (NAR), released Thursday. monthly increase in February , existing home sales were back down again in March , a trend that continued into April, with existing home sales posting a 3.4% After posting a surprise 14.5%

Sales 392

Sales Mortgages Marketing As-is 392

Housing Wire

MAY 2, 2024

The housing market has been on a topsy-turvy roller-coaster ride in recent years that has been particularly neck wrenching since this past fall, fueled by stubbornly high inflation and a still-strong jobs market. Treasury market — jumping to as high as 121 in mid-April after ending March near 85.

Mortgages 374

Mortgages Marketing Loans Equity 374

Housing Wire

DECEMBER 5, 2023

Industry veteran Adam O’Daniel is transitioning to Guild Mortgage as senior vice president and chief marketing officer, a newly created role, after about two years at Open Mortgage , the company announced on Tuesday. But the lender’s gain-on-sale margin rose 22% in the period, and it delivered a $54.2

Marketing 378

Marketing Branding Mortgages Industrial 378

Housing Wire

NOVEMBER 18, 2022

A combination of elevated mortgage rates, sluggish home sales and inflation continue to plague the housing market workforce, with numerous mortgage lenders and real estate startups shedding employees. These trends have exacerbated industry overcapacity, leading to continual layoffs. American Financing Corporation originated $4.13

Industrial 413

Industrial Loan Officer Loans Lending 413

Housing Wire

FEBRUARY 15, 2024

Anywhere Real Estat e felt the brunt of slow home sales during the fourth quarter of 2023 as the company reported a loss of $107 million during the three-month period. A nearly 20% annualized decline in home sales was the major driver of the decline in revenue. Home sales transaction volume dropped 19% year over year.

Marketing 371

Marketing Branding Brokerage Sales 371

Housing Wire

APRIL 5, 2024

million openings one year prior, according to other recent job market data. The housing market is eager to see mortgage rates ease as rates have spent nearly a year above 6.5%, and have most recently been hovering above 6.7%,” Realtor.com economic data analyst Hannah Jones said in a statement. million jobs, down from 9.8

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Industrial Mortgages Construction MLS 296

Housing Wire

MARCH 18, 2024

Roomvu , a Canadian-based video marketing platform for residential real estate agents, is partnering with Leading Real Estate Companies of the World (LeadingRE) and Realty One to mark Roomvu’s expansion into the U.S. Our expansion into the U.S. Our partnerships with LeadingRE and RealtyOne are just the beginning.

Marketing 385

Marketing Residential Technology Branding 385

Housing Wire

JANUARY 31, 2024

RealTrends has been tracking housing market data since 1979, including households, home sales, average mortgage rates , etc. Another startling fact was that 2023 saw just over 4 million existing home sales. million existing home sales. These are some of the big unknowns the industry must face in the future.

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Marketing Industrial Sales Mortgages 416

Housing Wire

FEBRUARY 12, 2024

Roughly 10 months since first expanding into Florida , Ryan Serhant’s eponymous brokerage is expanding into its third market in the state. Previously, the brokerage only operated in the Miami and Palm Beach County markets. We’re excited to expand into the Orlando market,” Serhant said in a statement. “The s first in Orlando.

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Marketing Brokerage Agents Development 401

Housing Wire

JANUARY 2, 2024

The “ silver tsunami ” — a colloquialism referring to aging Americans changing their housing arrangements to accommodate aging — could have more of an impact on the housing market this year, according to analyst Meredith Whitney in a conversation with Yahoo Finance. “[T]he has seen for home sales, she said. “[T]he homeowners.

Marketing 515

Marketing Equity Industrial Mortgages 515

Housing Wire

DECEMBER 21, 2021

According to Fahad Janvekar, a loan officer at Fairway Independent Mortgage , “there is definitely some concern” about layoffs in the industry. I think the fear always exists in our heads, being in the sales game you try to project positivity, but of course there is fear,” Janvekar said. In 2020, hiring in the mortgage industry surged.

Industrial 441

Industrial Loan Officer Loans Mortgages 441

Housing Wire

JUNE 16, 2022

Fannie Mae lowered its projections of mortgage originations and home sales for 2022 as mortgage rates continue to climb. Total home sales are expected to fall 13.5% Existing home sales dropped 2.4% The post Fannie Mae cuts 2022 industry forecast (again) appeared first on HousingWire. trillion in 2022 and $2.2

Industrial 387

Industrial Mortgages Sales Loans 387

Housing Wire

JANUARY 20, 2023

An industry downturn is when leaders find out the real capabilities of the companies they have built. It’s easy to show a profit when sales are high, but when the tide rolls out the dangerous rocks appear. As the market contracts, experienced title agency executives can feel the shift and know exactly what it means.

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Title Industrial Technology As-is 382

Housing Wire

APRIL 4, 2024

Ryan Serhant — the acclaimed real estate broker, media personality and serial entrepreneur — is moving beyond his career in real estate to delve into the broader arena of sales. Serhant has teamed up with former NBC News producer Kyle Scott to unveil SellIt, a sales training platform tailored for all types of entrepreneurs.

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Sales Brokerage Industrial As-is 287

Housing Wire

OCTOBER 31, 2022

Mortgage fintechs Sales Boomerang and Mortgage Coach reduced employee headcount by at least 20 this month as the industry struggles to stay afloat amid mortgage lenders rightsizing during one of the most challenging times. Sales Boomerang and Mortgage Coach declined to comment on the size and reason for the layoffs.

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Sales Mortgages Loan Officer Loans 404

Housing Wire

SEPTEMBER 15, 2023

A mortgage industry veteran with over three decades of experience, Saso was previously a divisional sales manager at Nations Lending. In his role as chief production officer, Saso will be responsible for overseeing sales on a national level.

Sales 405

Sales Mortgages Lending Residential 405

Housing Wire

FEBRUARY 11, 2022

Black Knight ‘s Optimal Blue , which provides data for the secondary market, reported the average rate for 30-year conforming mortgages was 4.071% on Friday morning. Joel Kan, associate vice president of economic and industry forecasting, at the Mortgage Bankers Association said rates could head even higher in 2022.

Industrial 384

Industrial Mortgages Fixed-rate mortgage Equity 384

Housing Wire

NOVEMBER 2, 2023

Intercontinental Exchange (ICE) Mortgage Technology reported an adjusted operating income of $131 million in the third quarter of 2023, up from Q3 2022’s $126 million — despite the headwinds the mortgage industry is facing. ICE expects to have its second-best year for MSP sales since 2017. billion,” Gardiner said.

Industrial 275

Industrial Mortgages Technology Loan Officer 275

Housing Wire

DECEMBER 9, 2022

With only three weeks until 2023 arrives, housing industry executives are adjusting their operations to face what is expected to be another challenging year. . Against the backdrop of this challenging economic and housing environment, companies in the housing industry continued to restructure and cut workforce to better position themselves.

Industrial 350

Industrial Residential Mortgages Investor 350

Housing Wire

SEPTEMBER 26, 2023

Mortgage Machine Services , a digital origination technology provider, has appointed Dan McGrew as director of sales. In this role, McGrew will shoulder the responsibility of marketing the company’s digital products, including the flagship loan origination system (LOS) Mortgage Machine. based boutique SAP consulting firm.

Sales 378

Sales Mortgages Technology Lending 378

Housing Wire

NOVEMBER 2, 2022

Despite new language in the Federal Open Market Committee statement that suggested a potential slowdown in curbing inflation, Federal Reserve Chairman Jerome Powell maintained a hawkish tone on raising the federal funds rates during Wednesday’s press conference. Once inflation is contained, mortgage rates will start to drift lower. “In

Industrial 406

Industrial Mortgages Fixed-rate mortgage Principal 406

Housing Wire

NOVEMBER 8, 2023

“The largest, undisrupted market in the U.S.,” The Opendoor presentation projected sales of more than 37,500 homes in 2023. While home sales are down nationwide in 2023’s high-mortgage-rate environment , sales data suggests the aspiring disruptors are losing ground to industry stalwarts.

Marketing 416

Marketing Investor Sales Renovation 416

Housing Wire

APRIL 18, 2024

The challenges in today’s mortgage market have caused many originators to expand their loan product offerings outside of qualified mortgage (QM) criteria set by the Consumer Financial Protection Bureau (CFPB). Deephaven’s sales team strategically uncovers every loan option and exception to meet the distinctive needs of borrowers.

Marketing 396

Marketing Loans Investor Banks 396

Housing Wire

MARCH 21, 2023

After 12 months of declines , existing home sales rebounded in February, climbing 14.5% However, existing home sales were still down 22.6% Moreover, we’re seeing stronger sales gains in areas where home prices are decreasing and the local economies are adding jobs.” months of supply at the current sales pace.

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Sales MLS Mortgages Marketing 372

Housing Wire

JULY 19, 2022

Adjusting to today’s market can be dizzying after the last few years of historically low interest rates and high refinance business. We interviewed more than 25 mortgage industry experts to gather the best insights, strategies, and recommendations to pivot and win in today’s market. Notable trends in a new era of sales.

Industrial 401

Industrial Mortgages Loan Officer Technology 401

Housing Wire

FEBRUARY 21, 2023

Existing home sales started 2023 right where they left off at the end of 2022, dropping for the 12 th consecutive month. In January, the seasonally adjusted sales pace for existing homes dropped 0.7% On a yearly basis, existing home sales were down 36.9% On a yearly basis, existing home sales were down 36.9% in January.

Sales 362

Sales MLS Short sale Marketing 362

Housing Wire

NOVEMBER 30, 2020

pending home sales fell 1.1% in October – the second consecutive month the index has fallen as affordability strains the market, a recent report from the National Association of Realtors said. Year over year, pending sales are showing promise in every region of the U.S, compared to a year ago. The Midwest dropped 0.7%

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Sales Development Equity Land 534

Housing Wire

MARCH 22, 2023

Mortgage rates, which climbed upward one day and went down the next in the wake of the recent wave of bank failures, will continue to be volatile before it stabilizes, industry watchers said. The recent drop in mortgage rates fueled existing home sales, which rose for the first time in a year. In addition, U.S.

Industrial 387

Industrial Mortgages Purchase and sale agreement Banks 387

Housing Wire

APRIL 24, 2024

Dallas, too, is outpacing the rest of the country in office count, sale-to-list price ratio and average price per square foot, according to CoreLogic data shared exclusively with HousingWire. That is similar to the iBuyer slowdowns in markets like Jacksonville as the industry segment struggles to gain a foothold.

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Brokerage Marketing MLS Mortgages 366