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Midwest housing markets good for first-time homebuyers: Zillow

Housing Wire

The number of first-time homebuyers made up 32% of all buyers in 2023, according to a report released by the National Association of Realtors. Against that backdrop, Zillow identified prime markets for first-time homebuyers , and half of them were nestled in the Midwest.

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Celebrating 15 years of Women of Influence: Insights from 2023 honorees

Housing Wire

We reached out 2023 honorees to learn the most valuable lessons they’ve learned throughout their careers. Whether through formal education, on-the-job-training, industry conferences, or self-study, staying informed is essential in navigating the ever-evolving landscape of the housing market.

Training 427
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Off-the-grid deals: Distressed property trends and market insights

Housing Wire

In a supply-constrained housing market , even landing a deal at foreclosure auction has become challenging, but those deals tend to be more readily available in markets or neighborhoods that are off the beaten path. It’s very, very market dependent right now. I’m still focusing on those markets with very low (retail) inventory.

Marketing 446
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LendingPulse Q2 2023 survey: Mortgage pros share their biggest concerns, market outlook

Housing Wire

Industry players are largely pessimistic about the economic climate and expect interest rates to trend up in the near term future, according to the HousingWire Q2 2023 LenderPulse survey. None of the surveyed mortgage professionals said staff cuts caused decreased ability to close loans and lack of training were the challenges they faced.

Mortgage 372
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As the housing market bottoms out, educating the future mortgage pro becomes paramount

Housing Wire

In 2022 and 2023, quickly rising mortgage rates and shrinking volumes sent shockwaves through the industry and prompted massive job cutbacks. Bureau of Labor Statistics , there were 343,000 mortgage employees as of May 2023. Brandon Weiss, CEO of EscrowTab, hired Hall soon after she completed her training. were women.

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As agent and client demand rises, Real launches dedicated luxury division

Housing Wire

By establishing Real Luxury, we will be able to offer our agents who have built successful luxury practices the specialized support, training and resources they need to expand their capabilities and take their business to the next level.” He brought his Los Angeles-based luxury brokerage GLOBL RED Real Estate to Real in 2023.

Clients 436
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Agents might be more tempted to switch brokerages in 2024

Housing Wire

The report found that 61% of agents plan to stick with their current company this year, down from 75% of agents in 2023. Meanwhile, Coldwell Banker-affiliated agents showed no significant change in their likelihood to switch companies, with 69% prepared to stay put in 2024 compared to 70% in 2023.

Brokerage 411