Wed.Jul 19, 2023

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Go Mortgage sues former capital markets director for ‘corporate sabotage’

Housing Wire

Go Mortgage sued its former director of capital markets for “corporate sabotage,” alleging computer fraud, violation of trade secrets, breach of contract and tortious interference with a business relationship. The lender claims actions by Katie Chikonde cost the lender millions of dollars. Chikonde, who was hired in January 2021, managed Go Mortgage’s warehouse lines, pricing, hedging and loan sales.

Mortgage 370
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Change Careers or Change Your Practice?

George Dell

Change. It’s clear that appraisal, as a vocation, has changed. Many appraisers are considering new careers. Others are preparing to meet new demands. Yet others are doing. nothing. Which mind are you? Escape. Retool. Or be in denial. I have taught with Valuemetrics.info for over 17 years now. And was on the […] The post Change Careers or Change Your Practice?

Appraisal 369
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LeadingRE adds Courted to Solutions Group program

Housing Wire

Courted , which specializes in data science and artificial intelligence for real estate brokerages, has joined Leading Real Estate Companies of the World ‘s Solutions Group program. The program offers preferred business resources to LeadingRE ‘s network of 550 top real estate firms globally. Courted’s platform equips brokerage leaders with advanced tools to target agents and improve recruitment based on their potential for future production.

Brokerage 369
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Homes.com traffic up 200% — could it become a top portal?

Real Estate News

Zillow's site visits were up, but the portal lost market share while Homes.com and Redfin made gains, and Realtor.com slumped.

Marketing 188
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Mark McLaughlin returns to Compass

Housing Wire

The executive shake ups in the brokerage space are continuing this week, with Compass announcing that Mark McLaughlin is returning to the firm to serve as Chief Real Estate Strategist. McLaughlin previously became a key member of Compass in 2018 when the brokerage purchased his firm, Pacific Union , for north of $80 million. He ultimately left Compass in 2021.

Brokerage 364
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Top strategy exec returns to Compass after 2 years away

Real Estate News

Mark A. McLaughlin is back at Compass as the company’s chief real estate strategist. He left the company in 2021 to pursue consulting opportunities.

More Trending

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Mark McLaughlin back at Compass as chief strategist 2 years after exit

Inman

Former Pacific Union CEO and Compass California President Mark McLaughlin is returning as chief real estate strategist following a 2-year hiatus. McLaughlin's new role will focus on improving the agent experience.

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3 Ways Data Capture Can Help Your Manufacturing Team Prioritize Safety

GoForrmz

Data capture and analysis can play a big role in keeping your manufacturing staff safe Manufacturing teams are always on the lookout for better ways to improve their safety record, SOPs, and training protocols. If your team is one of the many trying to find more efficient ways to keep your employees safer, you may be overlooking your best resource for improvement: your data.

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Here’s how CoStar can beat Zillow and win the real estate portal wars

Inman

CoStar is already borrowing a page from other big insurgent companies, including Nike, Apple and Pepsi. But whether it can surpass Zillow may depend on how much it spends, analysts told Intel.

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Housing affordability worsened again in June, new report says

Mortgagebroker News

The trend is being impelled by elevated mortgage rates, tighter stress tests, and significant increases in residential project costs

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The Agency Dallas adds on several top producers in the region

Inman

The office launched in January 2023 and in the last three months has brought on four big regional names as well as five other high-performing luxury agents, according to the luxury brokerage.

Brokerage 113
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Home Appraisal: How It Works & How Much It Costs

BiggerPockets

The appraisal is a big part of home buying. We'll explain the home appraisal process and what you can expect as an investor.

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Economy’s strength could keep a damper on existing-home sales

Inman

Lack of inventory driven by mortgage lock-in effect may persist if the Federal Reserve maintains a 'higher-for-longer' rate strategy to combat inflation, Fannie Mae economists said.

Inventory 113
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WalletHub Ranked the 182 Best Markets to Rent In—Where Should You Be Investing?

BiggerPockets

WalletHub's list of 182 markets gives insight into where renters are going and, more importantly for you, how you can meet them there. Read the article to find out what made number one.

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Partnership gives The Agency clients 1stDibs on interior design

Inman

1stDibs will become an extension of The Agency's personalized service, extending it into the realm of "unparalleled access to exceptional design," according to the luxury brokerage.

Design 112
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How are move-up buyers impacting housing demand?

Mortgagebroker News

The trend was impelled by BoC's temporary pause in rate hikes during the second quarter

Buyers 68
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InspectionGo takes off: Lands $5.5M funds, acquires 2 companies

Inman

InspectionGo (iGo) has closed on $5.5 million in Series A funding as well the joint acquisition of home services proptechs HomeBinder and Repair Pricer, according to a company announcement.

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How stable is Canada's banking system?

Mortgagebroker News

With Laurentian Bank reportedly up for sale, is a wave of consolidation on the way?

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Searching for lead help? SEO Savvy Agent might be the result you need

Inman

A newly launched education product, SEO Savvy Agent, is designed to help real estate sales professionals learn how to build their brands online to land organic, workable leads, according to the company.

Agents 110
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Latest inflation numbers give the BoC sufficient cause to pause rate hikes: economist

Mortgagebroker News

However, the BoC will likely keep the policy rate elevated to address core inflation

65
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Lower mortgage rates only boost refinancing applications

Inman

Requests for purchase loans are still down 21 percent from a year ago last week, even as mortgage rates retreated from 2023 highs on encouraging inflation news.

Mortgage 113
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A Different Path to Real Estate Investing in Turbulent Times

BiggerPockets

Times are turbulent, so it's probably about time you start taking a look at alternative forms of investment. Consider this as one.

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Leading RE selects recruitment app Courted for Solutions Group

Inman

The brand has chosen Courted — a mobile application designed to empower the way agents, teams and brokerages network — for inclusion on its list of preferred vendors and resources.

Brokerage 104
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Many mortgage lenders are like frogs in a slow boil

Housing Wire

The dour housing market over the past 18 months has thrust struggling independent mortgage lenders (IMBs) into what seems like a pot of water that is coming slowly to a boil. As the heat rises, so too does the number of lenders seeking to exit the market. The trajectory of merger and acquisition (M&A) deals bears that reality out. The pace of M&A deals in the IMB market in 2022 and projected for 2023 combined is expected to be more than double the mark set during the unicorn lending year

Mortgage 370
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Getting social: 7 steps for exploring emerging platforms

Inman

Keen on venturing into a new social media platform? Jessi Healey provides an instructive, step-by-step guide to acquaint you with the latest digital offerings.

Agents 108
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Vancouver's overall office vacancy rate rises in Q2: report

Mortgagebroker News

A bumpy road for the office market is continuing

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Real estate is a science. Selling it is an art

Inman

Creativity, flair, experience and talent must be applied to the facts of the science to achieve the best possible outcome, Associate Broker Ken Sisson writes.

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Buying Houses with $100 Down and Creative Finance Secrets Most Don’t Know

BiggerPockets

Creative finance is a home-buying hack that most people don’t know about.

Finance 50
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What’s the most outlandish request a luxury client has made?

Inman

Were they out of touch? Did they expect you to wait on them hand and foot? What outrageous expectations do luxury clients have?

Clients 114
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Existing home sales may have bottomed: First American

Housing Wire

Existing home sales have declined approximately 30% since mortgage rates started rising in the fall of 2021, according to First American ’s Potential Home Sales Model for June 2023. But home sales may have now reached their bottom and are ready to settle at a new normal somewhere between the breakneck pace of 2020 and 2021 and the low pace of earlier this year, according to Mark Fleming, chief economist at First American.

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There’s a ‘magic number’ that moves homes. Will we ever hit it?

Inman

Homebuyers have been holding out for a 5.5 percent rate, Maegan Sherlock told Intel. It may take a while for them to adjust their expectations.

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DataDigest: The staying power of the new New South

Housing Wire

Six Southern states — North and South Carolina, Texas, Florida, Georgia and Tennessee — now add more to the national GDP than the Northeast, according to a Bloomberg analysis of recently published Internal Revenue Service data. The transition happened during the pandemic. Millions of transplants brought about $100 billion in new income to the Southeast in 2020 and 2021 alone, while the Northeast lost roughly $60 billion.

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Homeseller profits increase 1st time since Q2 2022: Attom

Inman

Record-low inventory and rebounding buyer demand buoyed U.S. homesellers' profit margins for the first time in a year, according to a quarterly market report published Thursday by real estate data firm Attom. Profit margins for median-priced single-family home and condo sales increased 3.8 percentage points from 43.8 percent in the first quarter to 47.7 percent in the second quarter.

Inventory 128
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Senate unanimously passes Tribal Trust Land Homeownership Act, MBA applauds

Housing Wire

The United States Senate on Tuesday passed the Tribal Trust Land Homeownership Act of 2023 via unanimous consent, and will now make its way to the House of Representatives for deliberation. In response, the Mortgage Bankers Association (MBA) applauded the move. The bill, introduced in January by a bipartisan coalition of five senators, would “require the Bureau of Indian Affairs (BIA) to process and complete all mortgage packages associated with residential and business mortgages on Indian land

Finance 369