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. Nearly 60,000 home-purchase agreements were canceled nationwide in August, equal to 15.7% of homes that went under contract that month, according to a new report from Redfin. That rate is up from 14.3% in August 2022 and marks the highest percentage since October 2022, when mortgage rates surpassed 7% for the first time in two decades.

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Real Estate News

SEPTEMBER 15, 2023

They've structured the brokerage to avoid silos, which makes Real's rev share model better for agents and teams, says Sharran Srivatsaa.

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Housing Wire

SEPTEMBER 15, 2023

Our way of honoring first responders is by educating our podcast listeners, readers and coaching clients in the real estate industry about how to help those who helped all of us and are still being of service every day. We all owe a debt of gratitude to those who have our backs in times of need. One of the best ways to help first responders is to be of service yourself, as a professional real estate advisor.

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Real Estate News

SEPTEMBER 15, 2023

Canceled deals impacted nearly 16% of homes under contract in August as elevated interest rates and home prices led to sticker shock for some buyers.

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Housing Wire

SEPTEMBER 15, 2023

The U.S. government is seeking to sell $13 billion worth of mortgage bonds amassed after the failures of both Silicon Valley Bank (SVB) and Signature Bank earlier this year. First reported this week by Bloomberg News , the bonds in question are part of $114 billion in assets the Federal Deposit Insurance Corporation (FDIC) recovered when it assumed control over both banks earlier in the year.

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George Dell

SEPTEMBER 15, 2023

Assume what condition your assumption is in! Editor’s Note: This is Standards, part 3.13 of George Dell’s series on How Do I Move to EBV? Links to the earlier posts are here. Assumptions are a critical part of all analyses or reasoning logic. Assumptions about assumptions are interesting. Two starting points are assumed: 1) the […] The post Assumed Assumption Addiction?

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Real Estate News

SEPTEMBER 15, 2023

Nestfully, a consumer home search site launched earlier this year by the country's two largest MLSs, expands coverage with new listings.

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New Listings 218

Housing Wire

SEPTEMBER 15, 2023

Mortgage tech firm Blend Labs has launched its first AI-powered chat tool, which it says will allow loan officers to be more efficient and offer a far more personalized touch for prospective borrowers. The AI-powered assistant ‘ Copilot ’ executes precise tasks and assists borrowers in giving timely answers to borrower questions on behalf of loan originators, Nima Ghamsari, Blend’s co-founder and CEO, said in an interview with HousingWire on Friday.

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Eyes on Housing

SEPTEMBER 15, 2023

Over the first seven months of 2023, the total number of single-family permits issued year-to-date (YTD) nationwide reached 527,158. On a year-over-year (YoY) basis, this is 18.4% below the July 2022 level of 645,877. Year-to-date ending in July, single-family permits declined in all four regions. The Northeast posted the lowest decline of 12.1%, while the West region reported the steepest.

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Housing Wire

SEPTEMBER 15, 2023

Dark Matter Technologies , formerly Black Knight Origination Technologies, has rebranded after being acquired by the Perseus Operating Group of Constellation Software Inc. The company’s mission is to “revolutionize the mortgage origination business by supporting, growing and aggressively innovating new and existing products, including the popular AIVA artificial intelligence solution and the comprehensive Empower loan origination platform,” Rich Gagliano, Dark Matter Technologies’ CEO, said in

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Inman

SEPTEMBER 15, 2023

To satisfy antitrust regulators, ICE divests itself of Black Knight's loan origination and mortgage pricing businesses, but gets access to mortgage loan servicers and MLSs in $11.9 billion merger.

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Business Mortgage Technology 197

Housing Wire

SEPTEMBER 15, 2023

Guaranteed Rate Affinity has initiated legal action against former loan originators, accusing them of breaching contracts by failing to pay back advanced signing bonuses and commissions after they left the company. Two anonymous sources told HousingWire that multiple former employees have received demands from the company to return their compensation.

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Inman

SEPTEMBER 15, 2023

Millionaire Australian developer Tim Gurner deactivated his LinkedIn account after apologizing for a speech suggesting that higher unemployment would better keep workers "in check".

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Development 187

Housing Wire

SEPTEMBER 15, 2023

Snapdocs , a leading digital closing provider for the mortgage industry, announced the promotion of Michael Sachdev from president to chief executive officer. Sachdev succeeds Snapdocs founder Aaron King , who will take on the role of executive chairman. As CEO, Sachdev will oversee all company operations and business strategy, with input and oversight from the company’s board, the company said Thursday.

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Technology Real Estate Business Mortgage 410

Inman

SEPTEMBER 15, 2023

The new tool comes during a year of heightened interest in artificial intelligence. It'll help agents write listing descriptions, craft social media posts and more.

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Tools Marketing Agents Technology 187

Housing Wire

SEPTEMBER 15, 2023

Today is the 15th anniversary of the collapse of Lehman Brothers. The great financial crisis (GFC) revealed a defective supply chain, metrics unable to assess local risk and markets incapable of answering Ben Bernanke ’s defining question – “what’s this stuff worth?” The requirements of a Digital Housing Platform were well understood long before the crisis.

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Real Estate News

SEPTEMBER 15, 2023

Current CEO Sven Odia will shift to the role of president as he supports Jawed Barna's transition in November.

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Housing Wire

SEPTEMBER 15, 2023

Insurance executive Jawed Barna will succeed Sven Odia as the CEO of international luxury real estate brokerage Engel & Völkers , the company announced Thursday. Odia, who led the Hamburg-based company for nine years, has stepped down from the management board and will assume the newly created role of president. Barna most recently served as deputy CEO at Zurich Insurance Group Germany , where he has worked since 2005. “We are excited to welcome Jawed Barna as a strong leader with a pr

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Insurance Real Estate Brokerage Agents 409

Inman

SEPTEMBER 15, 2023

The Central Park Tower penthouse, developed by Extell and Shanghai Municipal Investment, initially asked $250 million. The property is currently the tallest residence in the world.

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Development Investing 172

BiggerPockets

SEPTEMBER 15, 2023

While it's a big number, we've all thought about what we'd do with it, whether we have it or not. Here's what these investors would do.

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Real Estate Investing Investors 79

Inman

SEPTEMBER 15, 2023

The luxury real estate CEO will be joining Season 32 alongside other stars like actor Alyson Hannigan and musician Jason Mraz beginning on Sept. 26 on ABC and Disney+.

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Real Estate Agents 175

BiggerPockets

SEPTEMBER 15, 2023

Financial freedom can be different than replacing your active income with passive investments, it can be as simple as a really good 9-5 and peace of mind. But you might have serious reservations about that.

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Investing 70

Inman

SEPTEMBER 15, 2023

In their new book, WAV Group's George Slusser and Victor Lund outline the acceleration of mergers and acquisitions as a growth strategy and offer a roadmap for successful mergers.

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Brokerage Agents 167

BiggerPockets

SEPTEMBER 15, 2023

Landlord insurance is 25% more expensive than homeowner's insurance, but it can come in real handy. Here's how you can lower your bill.

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Landlords Insurance Investing Real Estate 80

Inman

SEPTEMBER 15, 2023

The former No. 1 Engel & Völkers Americas agent tells Inman how real estate professionals can build top businesses by targeting a niche.

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Agents Construction Real Estate Business 171

Mortgagebroker News

SEPTEMBER 15, 2023

Further uncertainty is on the way – but the banking giants appear poised to weather any coming storms, says analyst

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Inman

SEPTEMBER 15, 2023

With Inman Top 5, you'll find the most essential stories, chosen by our readers. Here are the most-read stores of Sept. 8-14, 2023.

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Agents 176

Mortgagebroker News

SEPTEMBER 15, 2023

The step is just the first in a set of housing-focused measures that authorities will be introducing, Trudeau says

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Government Construction 70

Inman

SEPTEMBER 15, 2023

This week, Sue "Pinky" Benson shares her insights into creating more relevant, engaging content for your Instagram followers.

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Marketing Agents 167

Mortgagebroker News

SEPTEMBER 15, 2023

Canadian GDP has declined for four consecutive quarters

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Inman

SEPTEMBER 15, 2023

Robert Kiyosaki's social media post was the latest viral prediction about the short-term rental giant. Will this be the one that comes true, or is it another hoax?

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Marketing Investing 138

Mortgagebroker News

SEPTEMBER 15, 2023

Canadians' disposable incomes continue to outpace their borrowing, according to a new report

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Inman

SEPTEMBER 15, 2023

This week: With buyer commissions up in the air, here's how to talk to your clients about your value and your compensation.

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Clients Buyers Agents 135

Mortgagebroker News

SEPTEMBER 15, 2023

Sales and prices were down between July and August

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Housing Market Marketing 66