Housing Wire

AUGUST 23, 2023

New York-based digital lender Better.com announced Wednesday the closing of its business combination with the special purpose acquisition company (SPAC) Aurora Acquisition Corp , , ending a two-year journey to make the business public. Better HoldCo, Inc. and Aurora are creating Better Home & Finance Holding Company , which will have Class A common stock listed on the Nasdaq under the ticker “BETR” starting Thursday.

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Sacramento Appraisal Blog

AUGUST 23, 2023

Rates have gone up, but have they sucked all the demand out of the market? Nope. Let’s talk about that today by looking at a few stats. Also, someone asked if the stock market is connected to the housing market, so l made a cool graph. I have a few thoughts on insurance in California […] The post Higher rates, insurance, & the stock market vs real estate first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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Real Estate Insurance Marketing Housing Market 244

Housing Wire

AUGUST 23, 2023

New York-based digital lender Better.com has shifted its strategy ahead of its initial public offering (IPO). Following a merger with special purpose acquisition company (SPAC) Aurora Acquisition Corp , Better Home & Financing Co. is expected to begin trading on the Nasdaq Stock Exchange on Thursday under the ticker symbol “BETR.” Better is partnering with other businesses to offer services such as homeowner’s insurance and to provide access to a network of real estate agen

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Realtors Technology Insurance Mortgage 370

George Dell

AUGUST 23, 2023

Scope of Work is required in legacy appraisal practice. Data Science (and Evidence Based Valuation) are more based on principles of good science. Editor’s Note: This is Standards, part 3.11 of George Dell’s series on How Do I Move to EBV? Links to the earlier posts are here. To sum up, the goal of traditional […] The post Scope or Hypothesis?

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Housing Wire

AUGUST 23, 2023

After a slump in June, the sales pace of new homes picked up month over month in July, according to data published on Wednesday by the U.S. Census Bureau and the Department of Housing and Urban Development ( HUD ). In July, the sales pace of new homes climbed 4.4% compared to June , reaching a seasonally adjusted annual rate of 714,000. On a year-over-year basis, new home sales were up 31.5%.

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Inventory Housing Market Finance Mortgage 370

Real Estate News

AUGUST 23, 2023

Chris Speicher feels "numb" in the wake of devastating wildfires but is committed to helping the community rebuild — in the right way.

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Real Estate News

AUGUST 23, 2023

New construction got another boost in July, with sales up 31.5% year-over-year. Rising mortgage rates may reverse that trend.

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Construction Mortgage 229

Housing Wire

AUGUST 23, 2023

The Federal Reserve System this week fined Birmingham, Ala.-based Regions Bank $2.95 million for “unsafe and unsound practices in its flood insurance compliance program and for flood insurance regulatory violations,” according to the Fed. The Board fined Regions “for its failure to effectively monitor a portfolio of home equity loans for compliance with flood insurance regulations due to changes in loan servicing platforms and third-party service providers,” noting that the bank had a pattern of

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Insurance Investing Development 369

Inman

AUGUST 23, 2023

The franchisor will drastically slash profit share for "vested KW agents who actively compete with our brokerages" unless they return within six months, Keller Williams President Marc King said Tuesday.

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Housing Wire

AUGUST 23, 2023

Vlad Stojanovic, formerly of Compass, is joining the Beverly Hills office of Christie’s International Real Estate, the company announced Wednesday. The 15-year industry veteran is known for his connections to the tech and private equity sectors and boasts a track record of noteworthy transactions. Over the past two years, properties he’s sold ranged in price from $1 million to $35 million, according to Realtor.com.

Real Estate 365

Real Estate Realtors Agents Marketing 365

Inman

AUGUST 23, 2023

As mortgage rates hit new post-pandemic highs on inflation worries, an MBA survey finds applications for purchase loans fell for the sixth consecutive week last week and are down 30 percent from a year ago.

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Mortgage Marketing 148

Housing Wire

AUGUST 23, 2023

Guaranteed Rate , the seventh-largest mortgage lender in the country, has laid off hundreds of employees across two rounds of layoffs this month, according to former staffers who were affected. In the first round, the Chicago-based lender laid off project managers, director- and senior- level positions, as well as tech staff, multiple sources told HousingWire.

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Human Resources Loan Officers Project Management Training 285

Eyes on Housing

AUGUST 23, 2023

The missing middle construction sector includes development of medium-density housing, such as townhouses, duplexes and other small multifamily properties. The multifamily segment of the missing middle (apartments in 2- to 4-unit properties) has disappointed since the Great Recession. For the second quarter of 2023, there were just 3,000 2- to 4-unit housing unit construction starts.

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Construction Development 148

Housing Wire

AUGUST 23, 2023

There’s no denying that this market will last for longer than a year. It’s time to take control of your business and plan for your future. We caught up with Emily Kettenburg , a seasoned coach with Tom Ferry , at the Tom Ferry Success Summit in Dallas where she shared her insights on the current trends and challenges in the real estate brokerage world.

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Real Estate Marketing Agents Brokerage 284

Inman

AUGUST 23, 2023

Those beloved referral groups on Facebook may not be the answer to your professional prayers, writes Sue "Pinky" Benson. There's a better way, and Benson is here with a breakdown of how to improve them.

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Agents Marketing 148

Housing Wire

AUGUST 23, 2023

Rep. Maxine Waters, the ranking member of the House Committee on Financial Services , is concerned about the Federal Trade Commission settlement agreement that will allow Intercontinental Exchange Inc. (ICE) and Black Knight to merge. “In addition to potentially creating a housing finance conglomerate that would dwarf all other players in the industry, I remain concerned that this merger has the potential to harm consumers by displacing competing products and businesses that help mitigat

Technology 283

Technology Business Finance Mortgage 283

Inman

AUGUST 23, 2023

Should agents, brokers and clients put their faith in artificial intelligence right now? Until accuracy is improved, the answer is a resounding "no," Anywhere Chief Product Officer Tony Kueh told Intel.

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Clients Agents Technology Brokerage 148

Birmingham Appraisal

AUGUST 23, 2023

How Can Appraisers and Agents Work Together? In the often chaotic world of real estate, the appraiser-agent relationship can contribute to a smoother process. While each professional has a distinct role, their collaboration can greatly influence the outcome of transactions. When real estate agents and appraisers work together seamlessly, clients benefit from well-informed decisions, transactions become smoother, and professional relationships are strengthened.

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Agents Appraisal Valuation Appraisal Process 82

Inman

AUGUST 23, 2023

The layoffs are part of a reorganization plan that will streamline operations and bring cost savings in the long term, the real estate franchisor said in Securities and Exchange Commission filings.

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Real Estate Brokerage Mortgage 148

BiggerPockets

AUGUST 23, 2023

A new Florida law will limit the power of local governments to impact zoning regulations, requiring them to approve multifamily and mixed-use residential developments in commercial, industrial, and mixed-use zones, […]

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Law Government Development Real Estate 69

Inman

AUGUST 23, 2023

The Kossev Group founder Katie Kossev will be responsible for helping Side's 60 Texas partners grow their businesses through hands-on coaching and support, the company said.

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Business Real Estate Brokerage 148

Lamacchia Realty

AUGUST 23, 2023

FROM HOUSE TO HOME: 5 PROVEN WAYS TO CREATE A COZY LIVING SPACE Summer isn’t quite over yet, but many are already starting to get excited for the incoming fall season. With fall comes cozy decor such as autumn-scented candles and pumpkins galore. Those who bought a home during the summer season may already be brainstorming on how to make their new house truly feel like a home.

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Decorating Realty Sellers Investing 64

Inman

AUGUST 23, 2023

MBA forecasters expect rates to ease and sales to rise next year, but Fannie Mae economists predict home sales will remain subdued even if the Fed pulls off a soft landing.

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Mortgage Marketing 148

BiggerPockets

AUGUST 23, 2023

Home prices have increased by a tremendous amount over the last half-century, but is the growth as potent as you think? Here's why it's not.

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Inman

AUGUST 23, 2023

Following six merger adjustments over two years, Better will go public Thursday with $565 million in new funding and plans to "aggressively" partner with agents as it builds its mortgage production team.

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Agents Mortgage 145

BiggerPockets

AUGUST 23, 2023

Just six years ago, Corey Kent was a broke college graduate, renting out half of a room to save money, eating the same meal every day of the week.

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Real Estate 65

Inman

AUGUST 23, 2023

New-home sales rose 4.4 percent in July to an adjusted annual rate of 714,000 as the supply of existing homes continues to drop, according to data released Wednesday by the U.S. Census Bureau.

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Marketing 145

Mortgagebroker News

AUGUST 23, 2023

Avison Young reports that private capital has been BC's primary source of commercial investment in the last six months

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Investing Investors 65

Inman

AUGUST 23, 2023

When selected and used correctly, the right technology can be rocket fuel for your business, Mosaik CEO Sheila Reddy writes. However, implementation and adoption make all the difference.

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Technology Business Agents 142

Mortgagebroker News

AUGUST 23, 2023

Canada's current housing bubble might be its largest ever, says MRB Partners global strategist

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Inman

AUGUST 23, 2023

Unburdened by rate lock, the share of first-time homebuyers rose to 50 percent this year, according to a new report from Zillow. That's the highest share since 2010.

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Mortgage 147

Mortgagebroker News

AUGUST 23, 2023

There is no "silver bullet" for Canada's housing woes, according to a new Desjardins analysis

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Construction 64

Inman

AUGUST 23, 2023

The luxury brokerage's former chief operating officer now steps into his new role as the company works to expand its market presence. Former CEO Mark Coppens will focus on future plans to franchise, according to the company.

Real Estate 136

Real Estate Brokerage Marketing Realty 136

Mortgagebroker News

AUGUST 23, 2023

Affordability was the greatest market driver during the second quarter, says RE/MAX Canada

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Marketing 68