Fri.Jul 14, 2023

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loanDepot names Darren Graeler as top accounting officer

Housing Wire

loanDepot has named Darren Graeler as executive vice president and chief accounting officer. He will succeed current CFO David Hayes as the publicly traded lender’s chief accounting officer. The company will pay Graeler a base salary of $335,000 with an annual target bonus of 100% of base salary, according to a filing registered with the Securities and Exchange Commission (SEC) on Thursday.

Business 370
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People On the Move at Offerpad and Windermere

Real Estate News

A new CFO joins Offerpad as the company looks to “accelerate its near-term growth,” and Windermere appoints a longtime leader as chief development officer.

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Foreclosure activity ticks up in the first half of 2023

Housing Wire

During the first six months of 2023, a total of 185,580 U.S. properties went into foreclosure , default notices, scheduled auctions or bank repossessions. That’s up 13% compared to the same period last year and it’s up by 185% compared to the same time period two years ago, when COVID-related restrictions were still in place. Additionally, average days to complete a foreclosure peaked in Q2 2023, according to ATTOM Data Solutions ‘ latest foreclosure market report.

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How agents fared in 2022, and the top barriers to deals

Real Estate News

NAR's annual member profile found that Realtors earned more and upped their sales volume despite the market slowdown, but inventory was a major problem.

Agents 160
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CFPB files amicus brief in support of Maine mortgage borrowers in TILA lawsuit

Housing Wire

The Consumer Financial Protection Bureau (CFPB) this week filed an amicus brief in a Maine Supreme Judicial Court in a case involving a married couple’s loan, joining with state officials including the attorney general, its Bureau of Financial Institutions and Bureau of Consumer Credit Protection. The Maine state agencies filed the lawsuit, Franklin Savings Bank v.

Law 369
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Back At You’s Design Studio aims to become ‘Canva of real estate’

Inman

Marketing software company Back At You is getting into the DIY content production game, releasing a new browser application to help the industry promote its brands, agents and properties, according to a company announcement.

Design 148

More Trending

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Residential Building Workers’ Wage Growth Trending Down

Eyes on Housing

Average hourly earnings for residential building workers* rose at a slower pace in May, after more than a year of strong gains. Wage growth has retreated below or close to 3%, from the peak rate of 2021. According to the Bureau of Labor Statistics (BLS) report, average hourly earnings (AHE) for residential building workers were $29.87 in May 2023, increasing.

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‘TenDashFive’ Instagram account declares war on agent hate speech

Inman

The real estate broker behind the provocative new account spoke to Inman on the condition of anonymity about his campaign to pressure NAR to enforce its own anti-hate speech policies.

Agents 148
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ProTip: Setting a CheckBox Field to Default as "Checked"

GoForrmz

Originally published on 08/03/2015 Did you know you can easily set your Checkboxes to be automatically ‘checked’ when you generate a new form? Configuring Checkbox fields to be automatically ‘checked’ when a new form is generated is a simple, yet powerful functionality that saves users time, enforces data capture rules, streamlines data entry, and eliminates the need for teams to repeatedly ‘check’ items in their everyday mobile forms.

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AI mortgage chatbot launches as ChatGPT comes under scrutiny

Inman

Beeline CEO Nick Liuzza is unfazed after the lender launched what it claims is the world's first AI mortgage chatbot during the same week that the FTC hit ChatGPT creator OpenAI with an investigative demand.

Mortgage 148
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U.S. Adds 209,000 Jobs in June

Eyes on Housing

Job gains slowed in June, but the labor market remained solid. Total payroll employment rose by 209,000 and the unemployment rate decreased to 3.6%. In June, wages grew at a 4.4% year-over-year growth rate, down 1.1 percentage points from a 5.5% gain in May 2022. Total nonfarm payroll employment increased by 209,000 in June, following a gain of 306,000 in.

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Bored with your feed? Try these 4 fresh ideas

Inman

Social media is a busy space. Maris Callahan Messervey explains that you need more than a pretty feed full of graphic designs and property listings to stand out from the crowd. Here’s her advice on how to refresh your social media feed next time you feel stuck.

Design 148
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What Tools for Measuring Houses for Appraisals

Appraisal Today

What tool do you prefer to use when measuring a house? Recent Appraisal Buzz survey Measuring tape – over half Laser – less than half Guesstimate – a few, but way too many! Phone app. – not many To see the graph, click here My comments: I have always wondered about this. I prefer my phone app – no more rose bush thorns, dog poop, tripping over miscellaneous stuff, etc.

Tools 76
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Engel & Völkers expands into new Pennsylvania markets

Inman

The luxury brokerage has entered Pittsburgh and Sewickley, marking its third new location in the Great Lakes Region so far this year. License Partner Elias Pappan is leading the new shops.

Brokerage 148
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6 Essential Steps to Maximize the Sale Price of Your House

Eppraisal

Putting your house on the market can be an exciting and potentially profitable venture. However, to ensure you achieve the highest possible sale price, proper preparation is key. By taking a few essential steps before listing your property, you can enhance its appeal, attract more buyers, and increase your chances of a successful and lucrative sale.

Buyers 68
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Maximizing ROI: Key home updates sellers should prioritize

Inman

Sellers are always seeking ways to maximize their return on investment when selling a home. Mauricio Umansky shares the key updates to focus on so they can get the most out of the transaction.

Sellers 148
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Appraisal waivers: What lenders should know

Clear Capital

As the real estate and mortgage industries work to modernize the home valuation process, Fannie Mae and Freddie Mac continue to offer new alternatives to the traditional home appraisal. The introduction of inspection-based appraisal waivers offers an increasingly positive impact to both lenders and consumers. How do appraisal waiver programs work, who can act as a property data collector for appraisal waiver programs, and how can lenders take advantage of these new programs?

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Luxury Spotlight: Meet the experts taking the stage at Luxury Connect

Inman

Mark your calendars for Aug. 7-8, and take a look at some of the Inman Luxury Connect speakers, from billion dollar agents to marketing powerhouses to industry trendsetters.

Agents 148
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Kara Foley Announced as the Cape Cod Regional Manager

Lamacchia Realty

Prior to the opening of the first Lamacchia Realty Cape Cod location through the acquisition of Foley Real Estate , Anthony Lamacchia and Jackie Louh knew they needed a regional manager. A regional manager would oversee the Lamacchia Realty side of the business and the very important summer rental business that came through Foley Real Estate and now into Lamacchia Property Management Rental Division.

Realty 64
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Associations can be managed better, and AgentBook can help them do it: Tech Review

Inman

AgentBook is software that can help real estate associations modernize agent and broker member information, conduct board elections, promote events and handle finances.

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Surprising Migration Trends Show That Movers are Going to These Markets

BiggerPockets

In a shocking twist, these states are now the place to be, apparently. Check out what movers are doing in this article.

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Beyond Threads: Other new social media apps to try

Inman

Social media moves quickly, both the trends and the technology itself. Jessi Healey shares some new, exciting social media platforms for real agents to explore.

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RBC expects Bank of Canada to leave rate unchanged in September

Mortgagebroker News

There are still no indications that rates will fall anytime soon, bank says

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KW, eXp and NAR: It’s Inman’s Top 5 stories of the week

Inman

Wondering what you missed this week? Catch up with Inman's Top 5 stories for the week of Jul. 7 through the 13th.

Agents 148
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Rookie Reply: Don’t Have 20% Down? Here’s How to Fund Your Next Investment

BiggerPockets

Want to buy your first investment property? You DON’T need twenty percent down sitting in your bank account.

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How I sold over $1B in luxury real estate (without a CRM)

Inman

While technology plays a significant role in any real estate business, personal communication is essential to generate growth.

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What's next for Canada's economy after rates rise yet again?

Mortgagebroker News

Economist weighs up the prospect of a soft landing – or a sharp downturn

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From ship to shore: How yachts fuel Florida’s luxury real estate pipeline

Inman

Every year, the world's wealthiest people descend on Florida's aquamarine waters. But for dedicated yachters, significant real estate investments typically follow, luxury agents told Inman.

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Interest rates likely to remain higher for longer, says DLC's Cooper

Mortgagebroker News

The Bank's hawkish tone on Wednesday sent a clear message

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Cash is still king as Florida agents navigate ‘wonkiest market’ in years

Inman

As the summer housing market in Florida heats up, homebuyers and sellers are discovering a tale of two markets that offers opportunities for luxury buyers — and next to nothing for everyone else.

Marketing 113
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How to Downsize Your Home: A Comprehensive Guide to Downsizing in Houston

Houston Properties

Award-winning real estate experts share honest, expert tips on buying a smaller house. Learn everything you need to know about downsizing for seniors with this practical, detailed guide.

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CREA downgrades national home sales forecast

Mortgagebroker News

Higher interest rates are set to take their toll

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Seattle-area residents lost tens of billions in wealth due to racist housing policies: report

Housing Wire

Households led by people of color residing in King County, Washington — the area that Seattle sits in — lost an estimated $12 billion to $34 billion in wealth since 1950 due to racist housing policies. This is according to a report commissioned by King County , which was first reported on this week in the Seattle Times. The report, conducted by consulting firm ECONorthwest , found that the sizable totals of lost wealth were not only attributable to racially discriminatory policies and practices

Design 370
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Top banks' prime rates rise after BoC hike

Mortgagebroker News

Interest rates are on the up yet again

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