Housing Wire

FEBRUARY 28, 2024

Top 10 mortgage lender and servicer Newrez is partnering with Newzip , a tech-enabled real estate platform, to roll out a program aimed to save buyers and sellers on credit costs. Dubbed Newrez Home Rewards, buyers will be matched with a real estate agent who works with Newzip and provided booking services.

Real Estate Agent 403

Real Estate Agent Real Estate Agents Loan Officers 403

Housing Wire

OCTOBER 18, 2023

The second day of the trial for the Sitzer/Burnett bombshell class action buyer broker commission class action lawsuit included plenty of insights into how the plaintiffs are approaching what is expected to be a battle royal. In the book, Keller also mentions that each side in a real estate transaction gets an average of a 3% commission.

Agents 424

Agents Training Real Estate Real Estate Agent 424

Housing Wire

MARCH 31, 2021

’ And if I don’t find a buyer immediately when I list a property, I’m getting plenty of people making offers without even looking at the price or even doing an inspection.” “I’m booked all the way until 2022,” he said. . “[Investors] look at our prices and laugh,” Eckenrod said.

Buyers 395

Buyers Investors Realtors Agents 395

Housing Wire

MARCH 21, 2024

These resources are what agents need to serve buyers and sellers well, and let those buyers and sellers keep more of their hard-earned dollars. “No other brokerage can offer agents a big traditional split and all the benefits, support, technology and customer introductions that we provide here at Redfin.

Agents 395

Agents Marketing Brokerage Real Estate 395

McKissock

SEPTEMBER 20, 2020

To help you out, we’ve put together a list of the eight best negotiation books for real estate agents. Top 8 Books to Sharpen Your Negotiation Skills. In this book, David Sally delivers the proven, clear, actionable insights you need to stay competitive in an ever-changing marketplace. By David Sally. By Chris Voss and Tahl Raz.

Real Estate Agent 73

Real Estate Agent Real Estate Agents Contracts 73

Housing Wire

JANUARY 10, 2024

John Ruhlin’s book Giftology sheds light on creating a strategic and thoughtful approach to gift-giving, offering real estate professionals a unique perspective on how to create positive impressions that last beyond the closing table and set you up for return and referral business.

Real Estate 357

Real Estate Clients Retail Client Relationships 357

Housing Wire

JANUARY 17, 2023

If Wells saturates the market with mega offerings, they could very well pull the larger buyers out of the market for the foreseeable future,” Carnes added. Carnes and other MSR advisory-firm experts say the start of the year is when MSR buyers have new budgets and are flush with capital.

Marketing 438

Marketing Buyers Sellers Mortgage 438

Housing Wire

NOVEMBER 16, 2023

A report released by KBW before the verdict was announced in the Sitzer/Burnett trial identified CoStar as the “top beneficiary” of a change in the current buyer agent landscape because of their unique business model. As a public company, we’re a pretty open book.” What moron would shoot themselves in the head by doing that?”

Real Estate 421

Real Estate Agents Buyers Sellers 421

Housing Wire

MAY 1, 2024

According to Barton, the “substance of the settlement” is a “very reasonable middle path forward for the industry, where commissions are communicated between sellers and buyers and both parties are better educated.” Barton also touched upon the terms of NAR’s settlement agreement.

Agents 371

Agents Real Estate Contracts Real Estate Agent 371

Housing Wire

APRIL 30, 2024

According to Nierenberg, the company hedged most of the of its mortgage servicing rights (MSRs) risk in the first quarter, creating stability and book value on a forward basis. Regarding its debt, the company issued in March $775 million in senior unsecured notes due in 2029 for qualified institutional buyers. The company lost $48.6

Mortgage 396

Mortgage Retail Business Investing 396

Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday. Days on market increased slightly but remained below historic averages.

Mortgage 383

Mortgage Real Estate Inventory Construction 383

Housing Wire

MARCH 2, 2023

Lower mortgage rates back in January brought buyers back into the market. Now that rates are moving up, affordability is hindered and making it difficult for potential buyers to act, particularly for repeat buyers with existing mortgages at less than half of current rates,” he said. That’s tough to compete against.”

Mortgage 437

Mortgage Buyers Loan Officers Marketing 437

Housing Wire

JANUARY 25, 2023

Absent hard proof, that potential move by the lender is still in the arena of rumor at this point, but perceptions do affect buyer and seller choices in the market. Fueling the rumor in this case is Wells Fargo’s recently announced plans to reduce its MSR portfolio, valued on its books at $9.3 billion as of the end of 2022, U.S.

Buyers 352

Buyers Investing Mortgage Marketing 352

Housing Wire

SEPTEMBER 14, 2023

But as much as it’s already a core tenet of real estate, collaboration currently presents a unique new opportunity for real estate agents to evolve the way they work with their buyers and sellers. It’s time that tech providers took a page from the book of the people they serve. We’re taking that page.

Marketing 400

Marketing Advertising Real Estate Agents 400

Housing Wire

AUGUST 28, 2020

In the age of COVID-19, Peck Barham knew that prospective home buyers would pepper him with questions about home offices as they decamped downtown Birmingham for the spacious suburbs. Pool installers in Dallas are booked solid for the next year or two, Trusler said.

Real Estate Agent 475

Real Estate Agent Real Estate Agents Buyers 475

Housing Wire

APRIL 27, 2024

This isn’t saying too much since 2023 had the lowest recorded level of new listings ever, but it’s still a plus in my book.

Inventory 501

Inventory Housing Market Marketing New Listings 501

Appraisal Buzz

APRIL 4, 2022

There are a lot of people who want homes right now, but what counts is the willing and able buyer. Consider this example: A buyer is evaluating the purchase of a home priced at $625,000. If the buyer is making a 20% down payment ($125,000), the loan amount would be $500,000. First, let’s talk about effective demand.

Buyers 370

Buyers Real Estate Government Appraisal 370

Housing Wire

OCTOBER 25, 2023

While Redfin agents can receive up to a 75% commission for transactions they generate from their own book of business, they’ll also receive up to a 40% commission for client leads they get through Redfin’s website. Despite this, Aleem said Redfin feels good about its adoption of the new pay model. “We

Agents 384

Agents Real Estate Tools Investors 384

Housing Wire

APRIL 15, 2024

In the current market, legitimate buyers are companies with substantial amounts of cash — the groups Ludden represents have at least $50 million — or are parent entities with deep pockets. Certainly, in the last two years, distributed retail, in particular, has been the primary interest for all the buyers,” Ludden said. “As

Mortgage 447

Mortgage Retail Buyers Investors 447

Housing Wire

FEBRUARY 15, 2024

But the good news is, more buyers have become aware of down payment assistance (DPA) options and are tapping into available resources for help, said Susanne Saller, a senior consultant at Caliber Home Loans. The DPA share in FHA’s total book of business, including refinances, was 27% as of October 2023.

Mortgage 445

Mortgage Buyers Loan Officers Sellers 445

Housing Wire

NOVEMBER 2, 2023

” There’s an excellent book titled “QBQ: The Question Behind the Question” that I highly recommend for further insights into this concept. Enthusiasm plays a pivotal role for home buyers, given the magnitude and significance of the transactions they are embarking upon.

Real Estate Agent 415

Real Estate Agent Real Estate Agents Clients 415

Housing Wire

APRIL 13, 2021

Putting a home on the market on a Friday or Saturday is risky, since potential buyers may have already filled their weekend with other home tours, said Redfin Chief Economist Daryl Fairweather. “And listing on a Sunday or Monday means buyers may lose interest before the following weekend,” Fairweather said.

Sellers 407

Sellers Buyers Real Estate Agent Real Estate 407

Housing Wire

SEPTEMBER 22, 2022

A traditional primary resident seller is also a buyer, which means if they don’t list, they’re not just taking a potential home to be bought off the table — they’re taking a future sale off the books as well. Existing home sales have more legs to go lower, especially now that new listing data is falling. million to 1.28

Inventory 452

Inventory Housing Market New Listings Mortgage 452

Housing Wire

JUNE 22, 2023

Now that it’s getting back into the forward mortgage origination business, AmeriFirst plans to focus on providing buyers with competitive rates by cutting branch and regional margins, which led to higher fees for buyers. Its BPL business originates about $30 million in volume every month, according to the firm.

Loan Officers 350

Loan Officers Mortgage Real Estate Agent Business 350

Housing Wire

JUNE 10, 2022

Experts are convinced there will be buyers, even if MBS supply expands. Foreign investors represent one large bucket of MBS buyers who could step up to absorb additional MBS as the Fed sheds its holdings. There are buyers domestically and abroad for mortgage-backed securities,” he added. MBS appeared first on HousingWire.

Investors 477

Investors Government Buyers Mortgage 477

Housing Wire

JANUARY 17, 2023

“They’re projecting the interest rates are going to have a bit of a downtick in early spring, and that’s going to get some buyers off the bench.”. He sat down with potential buyers and his referral partners to set goals and expectations for 2023 and make a plan to help them meet their goals. Make a plan. Continue to educate.

Loan Officers 371

Loan Officers Marketing Real Estate Agent Real Estate 371

Housing Wire

MAY 2, 2024

For mortgages, specifically 30-year fixed rate, it was hard to find a buyer willing to make a strong premium payment [on a whole loan purchase] when you think you are going to get four or five or six rate cuts, because that meant rates were going to fall and [mortgage] prepayments [due to refinancing] were going to increase. .

Marketing 397

Marketing Mortgage Investors Sellers 397

Housing Wire

APRIL 14, 2022

trillion and, so far, it is continuing to replace maturing assets in that portfolio as they run off the books. The soaring federal deficit requires even more buyers of bonds, and some government bond sales may make it more difficult to issue MBS securities, unless with higher interest rates.”. The product averaged 2.80% a year ago.

Mortgage 417

Mortgage Government Renovations Buyers 417

Housing Wire

OCTOBER 13, 2023

Share your insights about it on your stories or your statuses, offer tips for buyers and sellers and showcase your expertise. We’ve got to attend industry conferences, take courses and read books and articles related to real estate. Even in a slow market, there are still buyers and sellers out there.

Real Estate Agent 474

Real Estate Agent Real Estate Agents Marketing 474

Housing Wire

APRIL 4, 2022

Seattle-based Redfin previously announced its intention to acquire the lender, but CEO Glenn Kelman said the move is particularly timely as buyers face bidding wars and high home prices, saying, “it’s more important than ever for lenders and brokers to work together on every customer’s offer.”. “In The purchase price “represents a $72.5

Mortgage 369

Mortgage Real Estate Agent Loan Officers Agents 369

Housing Wire

MAY 23, 2023

This new development is being propelled by an alleged Fannie Mae “request” that, according to industry sources, was made recently of several lenders active as buyers in M&A deals. The seller continues to have an obligation to manage their company that they still own after an asset deal,” one industry source explained.

Buyers 371

Buyers Sellers Finance Contracts 371

Housing Wire

NOVEMBER 8, 2021

“This is an absolute must, especially in the market right now as it gives the lender an opportunity to fill the listing agent in on the buyer’s background and how the VA loan process works,” Pascoe explained. Next, he has his buyers write a letter to the seller, a practice that has come under scrutiny lately for creating potential biases.

Clients 392

Clients Agents Buyers Sellers 392

Housing Wire

JULY 21, 2021

45 Sidekicks; a club for senior citizens that collect comic books; the Happy Hour Quilters; a glass fusion art club; a scrapbooking club that meets only after 9 p.m.; The transaction often brings about a festive atmosphere for the buyers, who are looking forward to spending the rest of their days with a wide range of other seniors.

Real Estate Agent 395

Real Estate Agent Real Estate Realty Agents 395

Housing Wire

FEBRUARY 23, 2024

Rocket rolled out ONE+ , a conventional 1% down home loan program for lower-income buyers, where the lender covers the remaining 2% needed to reach the required threshold for conventional loans. The BUY+ program provided borrowers a credit equal to 1.5% The Detroit-based lender had more cash on hand ($1.1

Clients 396

Clients Investing Real Estate Agent Mortgage 396

Housing Wire

SEPTEMBER 14, 2022

The economic standoff between rising inflation and rising interest rates continues to weaken the housing market nationwide, with home sales falling across all 12 Federal Reserve districts, according to the Fed’s latest Beige Book report. The prior Beige Book report , released in July, was based on information collected on or before July 13.

Construction 370

Construction Real Estate Inventory Supply Chain 370

Housing Wire

MARCH 15, 2023

“While lower rates should buoy housing demand, the financial market volatility may cause buyers to pause their decisions.” Mauro Guzzo, founder and executive chairman at brokerage firm Guzzo & Co, said he has not seen lenders further tightening lending conditions since last week.

Mortgage 366

Mortgage Clients Retail Marketing 366

Housing Wire

MARCH 13, 2023

We all know nothing is based on an exact rule book. In 2022, 96% of all buyers used online tools during their home search. 44% of buyers say they typically consume three to five pieces of content before engaging with a vendor, so you’ll need to post consistently to bring clients in and build their trust.

Insurance 337

Insurance Clients Business Marketing 337