Housing Wire
JULY 20, 2023
In the competitive world of real estate, effectively and consistently securing listings is the key to success. Whether new to the industry or a seasoned vet, it’s important to keep an open mind and innovate your strategies. By embracing different opportunities, agents can expand their chances of securing more listings and growing their business.
Real Estate News
JULY 20, 2023
The nation’s second-largest MLS says this move highlights the “complete flexibility” of Bright subscribers to have “transparent negotiations with clients.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Housing Wire
JULY 20, 2023
Rocket Companies , the parent of Rocket Mortgage , offered another round of buyouts to its employees on Wednesday, a spokesperson confirmed to HousingWire. The buyout follows two rounds in 2022, in April and August, which resulted in a workforce reduction of about 30% last year. “Yesterday, we offered a voluntary career transition opportunity to several teams within the organization to better align resources with the needs of both our business and today’s mortgage market,” Mike
Real Estate News
JULY 20, 2023
The 30-year fixed-rate mortgage averaged 6.78% this week, down from nearly 7% a week before, suggesting that cooling inflation is having an effect.
Housing Wire
JULY 20, 2023
Lenders point to cost-cutting as their top business priority amid the mortgage industry facing a number of challenges – including high home prices , tight inventory of homes available for sale and interest rate hikes. About 35% of the 253 mortgage executives that responded to Fannie Mae ’s mortgage lender sentiment survey (MLSS) said cost cutting was overall the most important factor in their business operations – ranking first for the second year in a row.
Real Estate News
JULY 20, 2023
NAR reported that existing home sales fell in June and dropped nearly 19% year-over-year. But median sale prices reached a near-record high.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Real Estate News
JULY 20, 2023
The latest ATTOM home sale report found that second-quarter profit margins rose for the first time in a year.
Housing Wire
JULY 20, 2023
Mortgage rates dropped to 6.78% this week, the biggest weekly decline since mid-March, as investors digested a raft of mixed incoming economic data. Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.78% as of July 20, down from last week ’s 6.96%.
Inman
JULY 20, 2023
The best thing you can do for the acceleration of your real estate team, Erin McCormick Torres writes, is to attract, hire and drive immediate production for like-minded recruits.
Housing Wire
JULY 20, 2023
The Community Home Lenders of America (CHLA) has compiled a new document it is calling the “consumer mortgage bill of rights,” based on a series of different actions and proposals it has made to companies and federal agencies including the Consumer Financial Protection Bureau (CFPB), the Federal Housing Administration (FHA), the Federal Housing Finance Agency (FHFA) and Intercontinental Exchange (ICE) since 2021.
Inman
JULY 20, 2023
Deals with Capital Title of Texas and Near North Title Group follow the sale of 22 retail title locations and operations centers in California to Williston Financial Group in May.
Housing Wire
JULY 20, 2023
Real estate teams of all sizes continue to perform, according the Streamlined Quarterly Team Benchmarking Report, which looked at the financial performance of more than 200 teams across the nation. Steamlined, based in Arizona, has a roster of hundreds of U.S. real estate teams and individual agents as clients for their accounting and bookkeeping services.
Inman
JULY 20, 2023
The 2023 Inman Innovator Awards finalists range from true upstarts to established players, with each offering a new vision for real estate. Winners will be announced live in Las Vegas, Aug. 8-10.
Housing Wire
JULY 20, 2023
With record-low inventory nationwide, real estate agents seem to be hearing the same thing day in and day out: “I’d list my home, but where would I move?” For most agents, that’s the end of the conversation, ending the possibility of taking a new listing as well as facilitating the buyer side. Nationwide, inventory is at all-time lows. According to Altos Research , this week there are only 465,000 active listings.
Inman
JULY 20, 2023
Existing-home sales fell to a seasonally adjusted rate of 4.16 million as the median sales price climbed to $410,000, or just 0.9 percent below the highest median recorded by the National Association of Realtors.
Housing Wire
JULY 20, 2023
The mortgage industry continues to rightsize , and On Q Financial is taking it as an opportunity to expand through loan officer recruitment and tapping into its network of homebuilders. On Q Financial hired 100 loan officers over the past two months, bringing the total number to about 250, CEO Patrick Lamb said in an interview with HousingWire. “It’s largely been people who have been together [in the same branches] for a long period of time and have been looking for another opportunity.
Inman
JULY 20, 2023
Maggie Wu is the latest of many agents to "boomerang" back to Compass after briefly leaving for another company. She leads the 4-person W Team which closed $102 million in sales last year.
Housing Wire
JULY 20, 2023
There have been numerous studies done on client retention over the years, and while the exact figures vary, most suggest that it can be anywhere from five to 25 times more expensive to acquire a new client than to keep an existing one. As real estate professionals, we know this. But we also know how easy it is to get caught up in chasing the next deal and unwittingly neglect our existing sphere of influence.
Inman
JULY 20, 2023
The "Million Dollar Listing" star Josh Flagg bought the Mediterranean-style villa, which originally asked $4.45 million, with business partners Adam Rubin and Andrew Shanfeld, according to a report. Last year, he bought a $9.2 million property in Beverly Hills.
Empire Appraisal Group
JULY 20, 2023
primeimages / Getty Images Source: [link] Accept It: Higher Mortgage Rates Here to Stay By Holden Lewis Homebuyers shouldn’t view today’s rates as temporary and postpone ownership. The housing crisis pushed rates lower for 11 years, but that won’t recur anytime soon. NEW YORK – The era of low mortgage rates is over. Embracing this reality will hasten your owning a house that meets your needs.
Inman
JULY 20, 2023
In an interview with CNBC on Wednesday, Redfin CEO Glenn Kelman laid out some of the variables that might begin to unlock home inventory in the years to come, including adjustable rate resets.
Eyes on Housing
JULY 20, 2023
Existing home sales in June fell to the lowest level since January as limited inventory and fluctuating mortgage rates continued to weight on homebuyers, according to the National Association of Realtors (NAR). Low resale inventory and strong demand pushed existing home prices to the highest level in a year and contributed to the recent increases in new home sales.
Inman
JULY 20, 2023
In a competitive market, it takes more to make an impact, team leader Jeremy "Jae" Pierce writes. Find out how to create a reputation that resonates with buyers and sellers.
BiggerPockets
JULY 20, 2023
For some of us, the most fun part of the real estate journey is actually furnishing and decorating your STR properties (Okay, the revenue part is pretty great, too).
Inman
JULY 20, 2023
As we navigate the ever-evolving social media landscape, it is crucial to recognize both the potential and the challenge it presents, New Jersey agent Ed Stulak writes.
BiggerPockets
JULY 20, 2023
Thought we were done with mortgage rate hikes? Not so fast. The Fed always has time to get mad about something else and push interest rates even higher.
Inman
JULY 20, 2023
Starting Aug. 9, the nation's second-largest MLS will allow listing brokers to offer buyer brokers nothing in compensation, according to an announcement from Bright.
BiggerPockets
JULY 20, 2023
There are positive and negatives to buying an investment property in an HOA neighborhood. Here's what to consider when evaluating your deal.
Inman
JULY 20, 2023
The Swann Group's agents are the latest of hundreds who have moved from Compass to Coldwell Banker over the past year, the latter brokerage told Inman this week.
BiggerPockets
JULY 20, 2023
Terrified of running out of money in retirement? Countless people share the same fear.
Inman
JULY 20, 2023
Find out how this top producer turned digital marketing expert created a platform to help agents thrive online in Brandon Doyle's latest Snapshot profile.
Mortgagebroker News
JULY 20, 2023
The cost of servicing a mortgage is moving in the opposition direction to overall inflation. Is trouble ahead for the market?
Inman
JULY 20, 2023
The San Francisco-based startup lets homeowners tap their equity to obtain bridge loans and submit a "cash-equivalent offer" on their next home.
Mortgagebroker News
JULY 20, 2023
Homebuilder advocate says rising rates present a significant barrier to new buyers – and new housing supply
Expert insights. Personalized for you.
370 
Let's personalize your content