Housing Wire
AUGUST 8, 2023
Consumers’ increased confidence regarding their personal financial situations was largely offset by greater pessimism toward home-buying conditions, Fannie Mae ’s home purchase sentiment index ( HPSI ) showed. The HPSI — which tracks the housing market and consumer confidence to sell or buy a home — rose a mere 0.8 points to 66.8 in July. The full index is up 4 points year over year.
Real Estate News
AUGUST 8, 2023
At a conference this week, Nick Bailey said the company’s value lies in its strong brand identity and agent experience — not downlines or profit sharing.
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Housing Wire
AUGUST 8, 2023
Plunk , an AI-powered home analytics platform, has introduced a new tool called Plunk Pro that aims to transform the real estate market by offering real-time insights into home valuation, risk assessment, and remodeling possibilities. The company’s new offering, Plunk Pro, provides real estate investors, advisors, and analysts with access to over 104 million homes nationwide.
The Appraiser Coach
AUGUST 8, 2023
I had a man reach out to me with a question about a property he had been asked to appraise. It was being.
Housing Wire
AUGUST 8, 2023
Real estate valuation technology company Clear Capital unveiled an automated underwriting risk analyzer solution called AURA on Tuesday. AURA integrates appraisal quality analytics driven by machine learning and photo AI into loan origination and order management platforms. Through the AURA API solution, technology partners can provide lenders with a consolidated version of all the necessary data to assess the risk associated with an appraisal.
Inman
AUGUST 8, 2023
At Inman Connect Las Vegas, real estate strategist Mike DelPrete explained the "unfair advantage" of the low-fee business models and how agents are the ultimate solution to the real estate industry's survival.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Inman
AUGUST 8, 2023
Sue Yannaccone, the president and CEO of Anywhere Brands, also argued at Inman Connect Las Vegas that her company is well-positioned to thrive as the housing industry evolves.
Housing Wire
AUGUST 8, 2023
MonitorBase The most advanced and evergreen solution to turning databases into repeat business. Traditional lead-gen costs $3500 per funded loan to get new business, while MonitorBase helps the average originators close an extra deal or more each month for less than $150. Product Fast Facts #1 If you have 1,000 past clients, 100 of them buy and sell every year – of those, 81 will close their next loan with your competitor. #2 On average, Lenders spend $150 to fund a loan using MonitorBase.
Inman
AUGUST 8, 2023
Among bowls of lightly dressed, kale-Caesar salads and assorted rolls on industry trend-themed tables, an audience of C-level real estate, mortgage and technology executives sat down to hear Brad Inman chat with Tamir Poleg, Real Brokerage founder and CEO.
Housing Wire
AUGUST 8, 2023
loanDepot delivered its fifth consecutive quarterly loss in the second quarter of 2023, a period marked by a leadership shake-up and a business lines consolidation, according to documents filed with the Securities and Exchange Commission (SEC) on Tuesday. But the company’s financials are improving. The California-based mortgage lender had its second consecutive double-digit revenue gain amid increasing origination volumes and margins.
Inman
AUGUST 8, 2023
The low-inventory problem has consumed many agents' minds for years. Top agents shared at Inman Connect how they stay ahead of the game by drilling down into some of these strategies.
Housing Wire
AUGUST 8, 2023
Today’s low-volume, purchase-focused market is more competitive than ever, as mortgage lenders work to win more market share than their neighbor and aim to be as profitable as possible. Compressed margins make it crucial to work as quickly and efficiently as they can, taking every opportunity to reduce costs and maximize every basis point of margin.
Inman
AUGUST 8, 2023
During Inman Connect on Tuesday, Damian Eales, Realtor.com's newly installed CEO, revealed the marching orders he's received from Rupert Murdoch as he aim to scale the top of the portal game.
Housing Wire
AUGUST 8, 2023
Douglas Elliman posted another quarterly loss as high mortgage rates and limited listing inventory continues to weigh on productivity. However, executives remain pleased with the company’s “impressive resilience.” During the company’s earnings call on Tuesday morning, Chairman and CEO Howard Lorber stated that Douglas Elliman outperformed many of its competitors during the second quarter.
Inman
AUGUST 8, 2023
The AI revolution is officially upon us. There's a tasteful way real estate agents can utilize the tool in their social media strategy while staying true to themselves, speakers shared at Inman Connect on Tuesday.
Housing Wire
AUGUST 8, 2023
Mortgage credit availability dropped to its lowest level since 2013 in July as receding origination volumes led to lower profitability for many lenders. Simultaneously, liquidity concerns persisted for some jumbo lenders. As a result, many companies tried to reduce their operational costs by narrowing their loan product offerings, according to Joel Kan, Mortgage Bankers Association ’s vice president and deputy chief economist.
Inman
AUGUST 8, 2023
A panel of venture capital investors at Inman Connect Las Vegas said funding had likely been delivered to new proptechs without enough diligence during the most recent bull cycle in the market. And now is the time to get "more prudent.
Housing Wire
AUGUST 8, 2023
Validate Validate is an innovative, digital, borrower-driven mobile app that provides fast, easy, reliable and objective property valuations for home equity lending. The solution combines property data, AI, a condition-adjusted AVM and photos input by the homeowner to deliver a quick, reliable way to determine property value and available equity.
Inman
AUGUST 8, 2023
Zeroing in on skills development and action are the most effective ways to ensure your brokerage or team stays productive during a down market, Verl Workman said Tuesday at Inman Connect Las Vegas.
Housing Wire
AUGUST 8, 2023
Mortgage tech firm Lender Toolkit sued two mortgage lenders claiming that the companies failed to make payments while continuing to use its services and software solutions. Lender Toolkit accused Celebrity Home Loans and MLD Mortgage of breach of contract. Lender Toolkit says Celebrity owes at least $97,288 and MLD Mortgage $138,069. That’s according to separate filings made in the U.S.
Inman
AUGUST 8, 2023
"Significant progress" in Federal Trade Commission negotiations have been reported since Black Knight's Empower loan origination system and Optimal Blue division were cut from the deal.
Housing Wire
AUGUST 8, 2023
Precision Marketing Unlike traditional customer retention methods, Precision Marketing helps you understand your customers’ needs in near real-time, allowing you to contact the right people at the right time with the right message. We remove the long lag between initial intent and engagement, giving you the edge you need to succeed in a highly competitive market.
Inman
AUGUST 8, 2023
Plunk Pro offers investors, advisors and analysts access to real-time information on the housing market, the AI-powered home valuation and analytics company announced Tuesday.
Housing Wire
AUGUST 8, 2023
Blend LO Mobile Blend Loan Officer Mobile offers sophisticated control at your fingertips. This robust application empowers business growth by ensuring immediate access to essential data, facilitating client communication, and providing strategic assistance for informed decision-making on-the-go. Product Fast Facts #1 Receive instant access to essential data to make effective decisions from anywhere at any time. #2 Facilitate smooth communication with clients and partners to enhance business gr
Inman
AUGUST 8, 2023
So you've decided to join us at Inman Connect Las Vegas. Bravo! Here's a day-by-day breakdown of the conference along with some tidbits to get the most out of your week in Sin City.
Eyes on Housing
AUGUST 8, 2023
Consumer credit outstanding growth slowed to 4.0% in the second quarter 2023 (SAAR) according to the Federal Reserve’s latest G.19 Consumer Credit report, as revolving and nonrevolving debt grew at 7.1% and 3.0%, respectively. Revolving credit growth has decelerated as of late, a result of both cooling inflation and increasingly tight lending standards.
Inman
AUGUST 8, 2023
"Bad advice that sounds cool is still bad advice," Sharran Srivatsaa of The Real Brokerage cautioned agents Inman Connect Las Vegas. Instead, try these five tips he suggested to set yourself apart.
Birmingham Appraisal
AUGUST 8, 2023
What are the Benefits of Getting a Pre-Listing Appraisal? If you’re thinking about selling your house, you might be wondering how to get the best possible price for your property. Well, here’s a secret tip that can give you a competitive edge in the real estate market: Consider getting a pre-listing appraisal before putting your home up for sale.
Inman
AUGUST 8, 2023
Zillow's Errol Samuelson compared the rise of AI to the invention of the steam engine and encouraged real estate professionals to stay vigilant when it comes to technology.
Clear Capital
AUGUST 8, 2023
Clear Capital Launches AURA to Automate and Advance Appraisal Review Process AURA provides access to Clear Capital’s more than 20 years of appraisal data; one-stop data shop empowers lenders to close loans faster Reno, NV – August 8, 2023 – Clear Capital , the national real estate valuation technology company, today announced the launch of AURA , an automated underwriting risk analyzer that enables loan origination and order management platforms to embed advanced appraisal quality analytics fuel
Inman
AUGUST 8, 2023
At Inman Connect Las Vegas, real estate broker and attorney Kendall Bonner urged the industry to be proactive instead of waiting to be legally "bullied" into change.
Eppraisal
AUGUST 8, 2023
Selling a house can be an exciting yet stressful process. You put your property on the market, expecting a quick sale, but weeks or even months pass, and there's no sign of a buyer. When your house is sitting on the market and not selling, it's natural to feel discouraged and wonder what went wrong. However, instead of losing hope, it's essential to take a proactive approach and implement strategies to increase the chances of a successful sale.
Inman
AUGUST 8, 2023
Sharing your Inman experience, or any real estate conference for that matter, on social media is actually a smart move, agent, host and comedian Karen Stone writes.
BiggerPockets
AUGUST 8, 2023
Some simple DIY investing hacks could save you thousands of dollars. But, as a rookie, the thought of tackling your own home renovation projects might be a little intimidating.
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