Tue.Jan 24, 2023

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Rocket eliminates about 50 jobs in its second round of layoffs for 2023

Housing Wire

Rocket Companies eliminated about 50 positions last week amid the industry rightsizing with layoffs in the higher-rate environment. “As is common practice in all companies, Rocket regularly looks at the priorities of the business and what roles are needed to achieve those goals,” Aaran Emerson, a Rocket spokesperson, said in a statement.

Business 391
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It’s not just home prices. Rents are dropping too.

Sacramento Appraisal Blog

There is so much attention on home prices, but let’s talk about rents because they’re dropping too. Yep, you heard that right. Rents have been going down locally and in many markets across the country (not everywhere). Here are a few things on my mind. UPCOMING (PUBLIC) SPEAKING GIGS: 1/26/23 How to Crush Lead Gen […] The post It’s not just home prices.

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UWM gave brokers big discounts to play with. It could be risky

Housing Wire

United Wholesale Mortgage ‘s (UWM) aggressive moves to gain an edge on the competition tend to provoke controversy. The ‘ultimatum ’ it imposed two years ago effectively prohibited broker partners from also doing business with two of UWM’s rivals. It quickly prompted antitrust lawsuits. The lender’s price reduction by 50 to 100 basis points across all its loans last year led to accusations that UWM was making it impossible for some lenders to do business in the space.

Lending 365
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The Monster in the Closet

The Appraiser Coach

A good appraiser knows that delegation can be an efficient and productive choice for their business, but the thought of that choice is often accompanied by fear. This comes up.

Business 195
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New American Funding partners with EasyKnock on sale-leaseback program

Housing Wire

California lender New American Funding has partnered with EasyKnock, a New York startup that buys homes and rents them back to sellers, allowing clients to access their home equity through non-traditional means. About a quarter of American homeowners are unable to access the equity in their homes because of strict lending standards, and EasyKnock said the partnership will “improve housing stability for our mutual customers, providing them liquidity, flexibility and control in their finances.

Tenants 363
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Employment Situation in December: State-Level Analysis

Eyes on Housing

Nonfarm payroll employment increased in 32 states and the District of Columbia in December compared to the previous month, while 18 states lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 223,000 in December, following a gain of 256,000 jobs in November. On a month-over-month basis, employment data was strong in Texas, which.

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House Measurement by Property Data Collector Gone Wrong

Appraiserblogs

The lender allowed an unlicensed property data collector give bad data to the appraiser… I work for this lender and they will not let my trainee inspect. The owners are now underwater by more than $100,000… I’m sad and I’m mad! I recently took on a measure job for a client who was questioning the square footage of their home. The couple bought the house at the height of the market last year.

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In love and recruitment, ‘marriage’ is key, Keller Williams broker says

Inman

As the market continues to slow down on its way to normalization, it's more important now than ever that brokers effectively recruit top talent.

Marketing 157
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Valcre's features are built to stand the test of time

Valcre

What sets a commercial real estate appraiser apart from the rest? Speed and accuracy. As technology advances, clients expect quicker turnarounds, crisper presentations and a higher caliber report. It is therefore the role of a commercial appraiser to meet this demand by investing in a system that will enable them to do more with their data and better showcase their analysis.

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DOJ asks to interfere in TAN pocket listing case against NAR

Inman

Top Agent Network's appeal alleges the Clear Cooperation Policy's goal is to safeguard NAR's business model, which relies on dues revenue from nearly 1.6 million agents and brokers.

Agents 138
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The Balestracci Group Wins Top Team with Most Transactions and Highest Sales Volume in 2022

Lamacchia Realty

Lamacchia Realty is proud to announce the top team companywide for Highest Sales Volume and Most Transactions, The Balestracci Group ! The team closed out the year with an impressive 81 transactions and over $37 million in sales volume. The Balestracci Group hit the ground running after joining the company in March 2022. The team consists of leader Mark Balestracci , Elissa Comeau , Matthew Jette and, together, they create one of the top teams in Massachusetts and throughout Worcester County.

Realty 69
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Compass CEO Robert Reffkin calls home offices ‘the killer of culture’

Inman

Compass CEO Robert Reffkin talks about stock market downturns, profitability and why brokers need to eschew virtual working to survive.

Marketing 153
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2023 Appraisal industry trends

Valcre

After over a decade of sustained economic and property value growth, the US economy is at the tipping point of a recession. The appraisal industry is more susceptible to business disruptions during economic downturns. Do you want to know what leaders within the appraisal industry are seeing and what strategic moves they're making? We’ve got you covered with invaluable insights from three indisputable industry leaders who cover in depth the current state of the real estate appraisal industry and

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Bright, CRMLS, REcolorado unify to launch consumer search site

Inman

Nestfully will offer seamless desktop, mobile and native iOS and Android app experiences and provide the latest listing and just-sold information, according to company.

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DSCR Loans: What Are They And How To Get The Best Terms

BiggerPockets

This article is presented by Easy Street Capital. Read our editorial guidelines for more information.

Finance 77
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Risk has re-entered the financing conversation

Inman

Bob Groody of Maxwell and Shant Banosian of Guaranteed Rate discussed the current state of creative financing tools for consumers at Inman Connect New York on Tuesday.

Finance 134
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Canada housing market: When will it get moving?

Mortgagebroker News

Homebuying activity should eventually gather pace – but that depends on a few factors, says real estate giant's VP

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How to win listings and beat your competition

Inman

Top agents Jordan Cohen of RE/MAX and Santiago Arana of The Agency spoke at Inman Connect New York on Tuesday about their strategies for racking up listings and how they got them when they were first starting out in the industry.

Agents 129
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For real estate law, nothing beats the human touch

Mortgagebroker News

"We're like that awesome restaurant in your neighbourhood you would wait an hour for a table"

Law 65
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This is what real estate tech actually needs to do

Inman

At Inman Connect New York on Tuesday, Joe Skousen and Grier Allen discussed how technology leaders should look for ways to simplify agents' lives, enhancing their productivity and eliminating mundane tasks.

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Billion-Dollar Jackpots and the Bright Side of Buying a Lottery Ticket

BiggerPockets

“What to do if you win the lottery.” This question is getting more online searches than ever before. But what would you do?

54
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These are the mistakes that thwart brokers’ success

Inman

Panelists at Inman Connect New York on Tuesday said that brokers err by not having written plans, not being flexible and other shortcomings.

Brokerage 148
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5 Must-Have Features to Hurricane Proof Your Florida Home

Lamacchia Realty

5 MUST-HAVE FEATURES TO HURRICANE PROOF YOUR FLORIDA HOME Living in Florida comes with the understanding that you will have to deal with hurricanes. After all, out of all the states in the US, Florida has been hit by the most hurricanes. As such , hurricane preparedness is a very important factor for any homeowner in Florida. With the threat of hurricanes being a constant, you need to make sure your home is properly prepared for them.

Realty 41
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Fine-tune your strategies to attract new business in a new market

Inman

James Becker, Nancy Almodovar and Richard Grossman spoke at Inman Connect New York on Tuesday about strategies they've employed recently to generate new business.

Business 135
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Is another Bank of Canada rate hike still possible?

Mortgagebroker News

Economists outline further possibilities for the central bank's strategy

67
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New American Funding referring homeowners to EasyKnock

Inman

The independent mortgage lender is now sending homeowners who are interested in converting their home equity into cash over to EasyKnock to explore a sale-leaseback.

Mortgage 130
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What is now a core skill for a mortgage professional?

Mortgagebroker News

"It's important for you to really understand what lender best suits your clients"

Clients 65
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Pacaso CEO: Proptech firms forced to shift from offense to defense

Inman

Executives at four prominent real estate tech startups have diversified their product offerings in an effort to survive the market turmoil, which they discussed on Tuesday at Inman Connect New York.

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Purchasing & Developing Land - Part 1 - Finding Land to Purchase

Eppraisal

Acquiring raw land for income purposes may not be the most glamorous area of real estate investment but -- for the discerning and dedicated -- it can be a lucrative one, nevertheless. This series will look at locating the right land; navigating through the purchasing process; engaging a lender to finance the purchase; developing the land in compliance with federal, state and local laws; and re-selling the improved property at  the right time.

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The ultimate guide to Inman Connect New York 2023

Inman

So you've decided to join us at Inman Connect New York. Bravo! Here's a day-by-day breakdown of the conference along with some tidbits to get the most out of your week in NYC.

Marketing 124
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AppraisalWorks™ partnership expands automated underwriting services with ClearCollateral® Review

Clear Capital

We are delighted to announce that we have partnered with AppraisalWorks to offer mutual customers access to ClearCollateral ® Review (CCR) through the AppraisalWorks platform. AppraisalWorks provides on-demand control over your appraisal management function – with seamless integration to your loan origination system (LOS) and no IT overhead. The platform is scalable, provides agility with web and mobile services, and security is unmatched.

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When it comes to real estate and data, keep it local

Inman

At ICNY on Tuesday, OJO Labs Chief Real Estate Officer Chris Heller and Nest Seekers International Chief Economist Erin Sykes explained why real estate agents need to pay less attention to national data and dig into local insights.

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VIDEO: Infinity Shore Club – Seattle Waterfront Condo Offers Unparallel Views

Will Springer Realtor

An escape is tantalizing. It’s a getaway from the downtown lights, respite from business board rooms, relief from everyday chaos. A condominium lifestyle is typically one of cozy living within monoliths of steel that emphasize lifestyle conveniences and proximity to urban activities. Now, picture a condo community that allows you to live in the city while escaping from it at the same time.

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French CEO celebrates similarities, differences in US market

Inman

Iad Group CEO Clément Delpirou explained the shared challenges in agent recruitment, retention, technology and adjusting to a shifting market at Inman Connect New York on Tuesday.

Marketing 121