Housing Wire

DECEMBER 27, 2023

In the nearly two months since a Missouri jury found the real estate industry liable for colluding to artificially inflate real estate agent commissions, Jason Posnick has fielded a lot of questions about commissions and cooperative compensation from clients. It has been cool to hear that.

Real Estate Agent 427

Real Estate Agent Real Estate Agents Clients 427

Housing Wire

OCTOBER 3, 2023

HousingWire recently spoke with Ashley Terrell, chief revenue officer at Milestones , about the value of real estate agents and why it is critical for the industry to start helping buyers’ agents justify their value not only during the 30-60 day transaction period but through the 7-10 year period of homeownership.

Agents 417

Agents Buyers Real Estate Agent Real Estate 417

Housing Wire

NOVEMBER 20, 2023

Real estate agents are facing a contracting issue that could seriously upend the traditional housing landscape. Under current guidelines, sellers pay a 5-6% commission on a sale which is split between the buyer and listing agents. But what happens if consumers pivot away from buyer agents altogether?

Agents 454

Agents Buyers Real Estate Agent Loan Officers 454

Housing Wire

NOVEMBER 13, 2020

In today’s red-hot market, you need a real estate agent who can get creative, play hardball in negotiations, and help you stand out from the pack in a bidding war. And not everyone — even an agent recommended to you by a friend or loved one — is up to the task. More for Real Estate Enthusiasts.

Real Estate Agent 545

Real Estate Agent Real Estate Agents Contracts 545

Housing Wire

SEPTEMBER 29, 2023

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. And because mortgage rates have been above 7% for about two months consecutively, the cost of financing is extreme. According to the brokerage, 6.5%

Sellers 505

Sellers Buyers Inventory Real Estate Agent 505

Housing Wire

JANUARY 29, 2024

2023 was the weirdest real estate market on record. We played mortgage rate ping-pong, had unprecedented low levels of inventory and still there were escalating prices. Who do you know who’s getting relocated, get married, becoming an empty-nester, investing in rentals or flips, or has first-time buyer kids ready to transact?

Real Estate Agent 437

Real Estate Agent Real Estate Agents Inventory 437

Housing Wire

MARCH 28, 2024

The past year and a half, with its rising mortgage rates , low inventory, and economic uncertainty, has been a challenge for real estate pros, not to mention the buyers and sellers they serve. In life, we sometimes find ourselves plunging headfirst in t o the unknown.

Real Estate Agent 436

Real Estate Agent Real Estate Agents Clients 436

Housing Wire

MARCH 27, 2024

With the settlement, NAR agreed to abolish its “Participation Rule” that required listing agents to make an offer of compensation to buyer brokers. The currency policy will put VA buyers on the sidelines, especially in a market with already tight inventory, Sears pointed out. VA loans are probably the best loans on the market.

Buyers 446

Buyers Real Estate Agent Inventory Real Estate 446

Housing Wire

SEPTEMBER 15, 2023

Buyers facing high mortgage rates are pulling out of their home-purchase agreements at the highest rate in nearly a year. in August 2022 and marks the highest percentage since October 2022, when mortgage rates surpassed 7% for the first time in two decades. That rate is up from 14.3% That rate is up from 14.3% The median U.S.

Buyers 417

Buyers Mortgage New Listings Real Estate Agent 417

Housing Wire

JANUARY 25, 2023

As mortgage rates continue to decline, Chad Earnest’s mantra with his referral partners in 2023 is “no buyer left behind.” The Montgomery, Texas-based area manager, who moved from AmeriSave Mortgage Corporation to Cardinal Financial Company in November, launched in mid-2022 a platform to help their referral partners succeed.

Buyers 475

Buyers Mortgage Real Estate Agent Contracts 475

Housing Wire

FEBRUARY 22, 2024

As demand for homes continues to outpace new listings, CrossCountry Mortgage (CCM) is introducing a new cash-offer product, the company announced Thursday. The Cleveland -based retail mortgage lender unveiled CCM CashPlus to help buyers gain an edge in the bidding process by turning preapprovals into cash offers.

Mortgage 406

Mortgage Real Estate Agent Retail New Listings 406

Housing Wire

APRIL 3, 2023

Rocket Mortgage is throwing a big incentive at spring homebuyers, offering them up to $10,000 in closing cost credits if they work with a real estate agent through its affiliate, Rocket Homes. If they work with a Rocket Homes partner agent, they’d receive nearly $5,000 toward their closing costs. (To

Agents 395

Agents Buyers Real Estate Agent Mortgage 395

Housing Wire

JANUARY 12, 2024

Guaranteed Rate has introduced a new feature that allows sellers working with a G-Rate loan officer to pay a fee that locks in a permanently discounted mortgage rate for a buyer. The final mortgage rate, however, will ultimately be different for every borrower’s situation.

Sellers 427

Sellers Real Estate Agent Loan Officers Mortgage 427

Housing Wire

JANUARY 29, 2024

Homebuyers are getting some relief in 2024 as mortgage rates recede from their 20-year high point of last October. mortgage rate, the prospective buyer with a $3,000 budget can afford a $453,000 home. In October, a buyer with the same monthly budget and a 7.8% mortgage rate could have afforded a $416,000 home.

Buyers 406

Buyers Mortgage Agents Investors 406

Housing Wire

NOVEMBER 7, 2023

It’s a fact: Buyer-side commissions are no longer a guarantee and no longer an entitlement. Though this seems like a whole new stress-inducing worry for many real estate agents , the fact is that commissions have never been a set amount, just an expectation or a tradition in many markets. Be a matchmaker.

Clients 427

Clients Buyers Real Estate Agent Real Estate 427

Housing Wire

MARCH 21, 2022

RESPA has strict rules for real estate and mortgage professionals regarding kickbacks, referrals, and unnecessary fees. It also does not preclude a real estate broker or agent and a lender from collaborating on marketing activities. The buyer should be a seasoned rancher or farmer looking to expand.

Real Estate Agent 370

Real Estate Agent Real Estate Agents Construction 370

Housing Wire

NOVEMBER 14, 2023

Here are 14 real estate trends Gen Z buyers won’t pass up. Gen Z likes to stay close to home With the continued trend of remote work and little desire for a long commute, Gen Z buyers are moving to homes in walkable communities with nearby amenities. Gen Z values diversity and inclusivity.

Real Estate 501

Real Estate Buyers Renovations Open Houses 501

Housing Wire

NOVEMBER 29, 2023

In the ever-competitive real estate market, creating a consistent flow of real estate buyer leads is strategy for success. Extending a broad (but strategic) net is part of knowing how to generate buyer leads in real estate. Of course, you can’t do everything — but consistency is important.

Real Estate 407

Real Estate Buyers Tools Real Estate Agent 407

Housing Wire

APRIL 23, 2024

loanDepot CEO Frank Martell expects the current mortgage market cycle to be “longer and tougher than anybody expected.” That’s kind of evaporated,” Martell said on Tuesday morning in a session during The Gathering , HousingWire’s real estate and mortgage conference held in Scottsdale, Arizona.

Mortgage 405

Mortgage Real Estate Agent Real Estate Renovations 405

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 417

Real Estate Agent Real Estate Agents Loan Officers 417

Housing Wire

SEPTEMBER 30, 2020

” Kanacki’s market, like many others, remains competitive as buyers continue to experience bidding wars amid historically low housing inventory and an uptick in home prices. “I I think we’re going to continue with strong buyer demand,” Hamblen said. And where are these extra buyers coming from?

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

Housing Wire

MARCH 28, 2024

The National Association of Realtors (NAR) and the Mortgage Bankers Association (MBA) are asking federal housing officials to confirm their treatment of interested party contributions (IPCs) to home purchase transactions. Sellers or buyers can pay the buyer’s agent’s fees. NAR also sent a letter to the U.S.

Real Estate Agent 446

Real Estate Agent Sellers Buyers Agents 446

Housing Wire

AUGUST 14, 2023

Though this would typically signal a time for panic across the residential real estate profession, those who can focus on servicing their clients with a mind for the future will be well positioned for whenever the economics for home buying become more favorable. High mortgage rates hurt home buying and selling prospects.

Real Estate Agent 370

Real Estate Agent Real Estate Clients Agents 370

Housing Wire

MARCH 2, 2023

“Prior to the COVID-19 pandemic, it was normal for inventory to rise in February as the spring home sellers began listing their homes and buyers weren’t yet out in force,” Simonsen wrote in his February 13 housing market update. We are seeing some modest increases, but the pressure is still there for the buyers,” Redding said.

Real Estate Agent 395

Real Estate Agent Inventory Real Estate Agents 395

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. The lender and LO can make or break the transaction.”

Buyers 395

Buyers Agents Loan Officers Real Estate 395

Inman

MARCH 28, 2024

As Better reports $543 million 2023 loss, CEO Vishal Garg says the company has made fundamental changes to its business model that will help it pivot to providing purchase loans to homebuyers.

Real Estate Agent 180

Real Estate Agent Real Estate Agents Mortgage 180

Housing Wire

FEBRUARY 14, 2024

Jeremy Foster, founder and chairman of Calque Buying a home today can be stressful and fraught with complicated issues, such as contingencies requiring the buyer to sell their current home before qualifying for the home they want to buy. Calque’s collaborative BBYS solution doesn’t disintermediate agents or lenders.

Buyers 417

Buyers Loan Officers Real Estate Agent Agents 417

Housing Wire

MARCH 12, 2024

While rising interest rates affected all homebuyers, this impact was more pronounced among Hispanic households, many of whom are first-time buyers with lower median incomes and who live in higher priced markets,” according to NAHREP. Latinos have historically relied on low down payment mortgage options for home purchases.

Real Estate Agent 454

Real Estate Agent Real Estate Buyers Realty 454

Housing Wire

AUGUST 30, 2023

A couple of weeks ago, mortgage rates soared to a new 2023 high, reaching over 7% on a 30-year fixed-rate loan for the first time since November 2022. Yet higher mortgage rates aren’t all bad news for savvy real estate agents. Many real estate agents may shy away from working with landlords and renters.

Real Estate Agent 417

Real Estate Agent Mortgage Landlords Real Estate 417

Housing Wire

NOVEMBER 14, 2022

Full-service mortgage lender Nations Lending and local Indiana real estate firm Carpenter Realtors launched a joint venture, Commitment Mortgage , in order to offer an end-to-end experience — from finding a home to closing a loan in a cooled-down housing market. “We trillion, according to the Mortgage Bankers Association.

Lending 370

Lending Realtors Real Estate Agent Mortgage 370

Housing Wire

MARCH 5, 2024

Mortgage assumption is a niche option that gained momentum in 2023. An assumable mortgage enables a qualified buyer to take over a seller’s mortgage terms, including the existing balance and interest rate. trillion in mortgages were originated in 2020 and 2021, the Mortgage Bankers Association (MBA) reported.

Mortgage 437

Mortgage Buyers Agents Real Estate Agent 437

Housing Wire

MARCH 29, 2023

When the 30-year fixed rate dropped for the third straight week in late March, homebuyers responded, giving a boost to mortgage applications. And, following investors’ rush into bonds after the recent bank failures earlier this month, yields moved even lower last week — and mortgage rates followed.

Mortgage 407

Mortgage Real Estate Agent Buyers Loan Officers 407

Housing Wire

NOVEMBER 23, 2022

Mortgage rates for a 30-year fixed-rate loan are hovering around 7% levels and still-high home prices are slashing purchasing power. What helped Erica Davis, a loan originator at Guild Mortgage , in the current high-rate environment is a seller-funded temporary 2-1 rate buydown. It’s a terrible time for homebuyers. in the second year.

Buyers 469

Buyers Marketing Sellers Loan Officers 469

Housing Wire

FEBRUARY 26, 2024

Mortgage originators who seek success in 2024 need to move with confidence and adaptability. Identify potential market impact The mortgage market is feast or famine, with origination volumes varying between high and low extremes. Evolve offerings with market demand Innovation in the mortgage market still exists.

Mortgage 427

Mortgage Clients Real Estate Agent Real Estate 427

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. range, which is a normal mortgage market.” 4-7, in Las Vegas.

Mortgage 469

Mortgage Real Estate Agent Renovations Finance 469

Appraisal Buzz

JULY 25, 2022

Until recently, the mortgage industry has been satisfied to leave the work of empowering new buyers to their real estate agents, so that loan officers (LOs) could spend time focusing on the flood of refinance business that led to a $4 trillion mortgage market in 2021.

Buyers 195

Buyers Real Estate Agent Marketing Loan Officers 195

Housing Wire

FEBRUARY 24, 2021

Consumers today expect access to instant information and don’t want to spend lots of time making calls to coordinate showings or filling out paperwork to get a mortgage. Technology has given consumers the power of choice and expedited the entire real estate purchasing process.

Real Estate Agent 369

Real Estate Agent Real Estate Agents Loan Officers 369