Housing Wire
MARCH 12, 2024
If a couple decides to dissolve their marriage, something that is often described as a “third character” in the proceedings is the couples’ home. Finding a way to divide a home can be financially and emotionally fraught. And it often takes on more significance than other items due to the home typically being a couple’s most valuable asset — and because of the complex emotions often intertwined with it.
Real Estate News
MARCH 12, 2024
The association reported a fourth month of membership declines, with membership falling below 1.5 million for the first time in nearly three years.
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Housing Wire
MARCH 12, 2024
The largest U.S. nonbank mortgage lenders continue to gain market share as the industry consolidates and a number of smaller players exit the space due to a lack of strong franchises to retain sufficient volume, Fitch Ratings reported Tuesday. Fitch expects additional consolidation in the industry as profitability remains constrained by a challenging origination environment.
Real Estate News
MARCH 12, 2024
Along with the acquisition, the companies unveiled a new solo agent suite called Lever by Movoto and said OJO products will now use the Movoto brand.
Housing Wire
MARCH 12, 2024
Despite elevated interest rates and tight inventory, the national Hispanic homeownership rate reached 49.5% in 2023, with a net gain of 377,000 Hispanic owner households from the previous year. In total, more than 9.5 million Hispanic households own their home, the National Association of Hispanic Real Estate Professionals ( NAHREP ) said in its 2023 State of Hispanic Homeownership Report released on Tuesday.
Real Estate News
MARCH 12, 2024
The brokerage said the program, which launched as a pilot in September, is “good for our customers, our agents and our growth as a brokerage.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
The Appraiser Coach
MARCH 12, 2024
I want to talk today about something with which we are all familiar. I believe that we need to keep this in the forefront of our minds as business owners. This term is “opportunity cost.” The idea of opportunity cost is, “what are you missing out on when you do x ,” the idea here being that when you do activity x , you cannot also do activity y, m, z, q, etc.
Housing Wire
MARCH 12, 2024
PureWest Christie’s International Real Estate , a Montana -based real estate brokerage, is expanding into northern Idaho , the firm announced on Tuesday. The brokerage , which is a longtime affiliate of Christie’s International Real Estate, is the largest independently owned brokerage in Montana. PureWest appointed broker-owner Paul Reizen to spearhead the launch of its new office in Sandpoint, Idaho, home to the Schweitzer Mountain ski resort and Lake Pend Oreille.
Real Estate News
MARCH 12, 2024
A new NAHREP report shows that despite the tough market, Latinos found creative routes to homeownership in 2023, such as co-borrowing, but barriers remain.
Housing Wire
MARCH 12, 2024
San Diego-based lender Guild Mortgage lost money in 2023 but grew its market share through a focus on purchase mortgage originations, it reported in an earnings call on Tuesday. Similar to other major lenders, the purchase-focused Guild — which operates via a distributed retail model — reported a net loss of $39.1 million in 2023, compared to net income of $328.6 million in 2022.
Inman
MARCH 12, 2024
The acquisition will help OJO launch Lever by Movoto, which the company describes as an all-in-one technology platform for individual agents.
Housing Wire
MARCH 12, 2024
Mortgage capital markets tech firm Polly rolled out its Lender Intelligence platform, which leverages data and analytics to drive margin expansion and cost reduction. The new platform will enable lenders to track their volume trends, see how their loan pricing compares to competitors and gain insights into loan origination profit margins, Polly stated.
Inman
MARCH 12, 2024
Personal branding is more than just self-promotion, luxury consultant Chris Pollinger writes. It's about making a real difference in people's lives and inspiring them to live better.
Housing Wire
MARCH 12, 2024
Wells Fargo -backed mortgage fintech Maxwell rolled out a point-of-sale (POS) feature that offers tailored workflows and integrations. The Blueprint Builder features more than 60 third-party integrations, allowing lending teams to connect with other pieces of their workflow, from credit and verifications to pricing and disclosures. Lenders can choose to integrate and configure many third-party services such as verification of asset, verification of employment/ verification of income , e-signing
Inman
MARCH 12, 2024
Lender Intelligence harnesses advanced data science and machine learning tools to give lenders a holistic view of their business and the wider competitive landscape.
Housing Wire
MARCH 12, 2024
loanDepot greatly reduced its costs in 2023 while revenues were in free fall amid a contracting market. It wasn’t enough to bring the California-based lender company profitability, but it narrowed its losses. Operationally, loanDepot entered 2024 by dealing with a cyberattack that brought its systems down and a forecast for market conditions to improve.
Inman
MARCH 12, 2024
Nation's largest mortgage lender trims its servicing portfolio by nearly one-fourth, selling $70 billion in mortgage servicing rights for $941.2 million.
Housing Wire
MARCH 12, 2024
Austin-based real estate technology firm OJO is acquiring The LEAD Syndicate , a leverage platform for real estate professionals, according to an announcement on Tuesday. The financial terms of the deal were not disclosed. The LEAD Syndicate was founded by Nikki Miller, who will join OJO in an undisclosed role. The two firms are coming together to launch Lever by Movoto , OJO’s industry-facing platform.
Inman
MARCH 12, 2024
Zillow Chief Economist Skylar Olsen said these markets are ideal cities for real estate investors to purchase properties in the coming years.
GoForrmz
MARCH 12, 2024
Originally published on 05/19/2016 Elevate your HVAC business processes with digital data collection and mobile forms In today's fast-paced world, the HVAC industry is increasingly turning to mobile technology to streamline operations and enhance customer experiences. With the rise of smartphones and tablets, HVAC professionals now have access to powerful mobile forms that can revolutionize the way they do business.
Inman
MARCH 12, 2024
Fresh off of hosting "Saturday Night Live," the "Dune: Part 2" star has listed his Atlanta home for rent. Brolin purchased the property with his wife, Kathryn, in 2020.
Eyes on Housing
MARCH 12, 2024
Consumer prices in February saw another uptick, primarily fueled by the increases in shelter and gasoline prices, which contributed to over 60% of the total increase. Despite a slowdown in the year-over-year increase, shelter costs continue to put upward pressure on inflation, accounting for roughly two-thirds of the total increase in all items excluding food.
Inman
MARCH 12, 2024
EXp Realty paid $232.6 million in revenue share and equity benefits to agents and brokers in 2023, according to the company's annual program update published mid-Monday. The lion's share of the payouts — $197.9 million — came from revenue share. The remaining $34.7 million came from 2.2 million EXPI stock shares.
Lamacchia Realty
MARCH 12, 2024
As predicted , 2024 has started with low inventory, and mortgage rates have remained relatively stable in the high 6’s and low 7’s. Due to rising rates and home prices that have continued to influence consumer spending, 2023 saw the lowest inventory in recorded history, and in 2024, sellers are still hesitant to enter the market. Although inventory is slightly higher now than this time last year, competition is still fierce.
Inman
MARCH 12, 2024
Inflation rose 0.4 percent in February to an annual rate of 3.2 percent, with shelter and gas costs contributing substantially to the uptick, according to the the Bureau of Labor Statistics' Consumer Price Index.
BiggerPockets
MARCH 12, 2024
Want to know how to buy your first rental property? You’ve come to the right place!
Inman
MARCH 12, 2024
SparkRental co-founder G. Brian Davis on why you need to balance your portfolio with a variety of investment styles and terms.
Mortgagebroker News
MARCH 12, 2024
RBC report shows continued challenges with affordability
Inman
MARCH 12, 2024
While many hope to launch a career in real estate, only a few have what it takes to go the distance, mega-team leader Carl Medford writes.
Mortgagebroker News
MARCH 12, 2024
Economists weigh in on central bank's approach
Inman
MARCH 12, 2024
By focusing on creating valuable content that resonates with your audience, David Marden writes, you can set yourself apart from the competition.
Mortgagebroker News
MARCH 12, 2024
Effort to fast-track the building of 330 homes in three years
Inman
MARCH 12, 2024
As mortgage rates soared last year, loanDepot saw 2023 loan origination volume plunge by 58 percent from the year before, to $22.7 billion.
BiggerPockets
MARCH 12, 2024
Most real estate investors do a few deals a year if they’re lucky. But today’s guest was doing twenty to thirty real estate deals a MONTH.
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