Tue.Nov 21, 2023

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6 ways real estate agents can use AI to become the ultimate authority

Housing Wire

You might have heard about AI in sci-fi movies or tech conferences, but do you know that it’s a game-changer for real estate agents too? That’s right! Artificial Intelligence (AI) is your secret sauce to becoming the ultimate authority in the real estate world. In this article, we’re going to dive into the incredible ways AI can skyrocket your authority and set you apart from the competition.

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Run toward the housing market in 2024

Sacramento Appraisal Blog

It’s time to run toward the housing market. Today, I have some quick thoughts of encouragement for the real estate community as we look to 2024. I know it’s a holiday week, but I really want to share this message. And I have some cool stats too. Scroll quickly or digest slowly. UPCOMING (PUBLIC) SPEAKING […] The post Run toward the housing market in 2024 first appeared on Sacramento Appraisal Blog.

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Building a fairer financial future with rent payment reporting

Housing Wire

California’s SB 1157 has made a significant impact on the lives of tenants in subsidized housing developments. This groundbreaking state-specific law mandates that landlords who own or operate such properties offer their tenants the option to have their rental payments reported to credit bureaus. For the past two years since the law went into effect, residents of these housing developments have had the opportunity to opt into rent reporting annually.

Tenants 441
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Hack at nation’s largest title company stalls closings

Real Estate News

Fidelity National Financial, parent company of Chicago Title and more, is blocking access to title and escrow services while it investigates a security breach.

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Rocket TPO announces a 25 bps credit on non-owner-occupied agency loans 

Housing Wire

Rocket Pro TPO , the wholesale arm of Rocket Mortgage , announced Monday a promotion related to the loan level pricing adjustment (LLPA) on agency mortgages for non-owner-occupied homes. The announcement, made via social media by Mike Fawaz, executive vice president at Rocket Pro TPO, states that for new locks as of Nov. 20, brokers will see a credit of 25 basis points for non-owner-occupied agency loans.

Finance 421
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Homes.com fires back over traffic claims, buyer agency and trust

Real Estate News

Dave Mele, president of Homes.com, previewed his company’s monetization plans and responded to criticisms and allegations from competitors.

Buyers 318

More Trending

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Mortgage rates overtake inventory as biggest worry for agents: Triple-I

Inman

After exceeding 8 percent in October, rising mortgage rates overtook "lack of housing inventory" as the top concern for real estate agents, according to the results of the latest monthly Inman Intel Index.

Inventory 193
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Existing-home sales have nowhere to go but up in 2024? 

Housing Wire

Elevated mortgage rates and high home prices pushed sales of existing homes down again in October to the lowest monthly pace since August 2010. Existing-home sales dropped 4.1% in October from the prior month , reaching a seasonally adjusted annual rate of 3.79 million, according to the N ational Association of Realtors. Compared to October 2022, existing home sales slumped 14.6%, down from 4.44 million.

Inventory 410
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Mortgage groups urge FHA to ditch ‘life of loan’ premium payments

Inman

Having just slashed annual mortgage insurance premiums on new FHA loans by 35 percent in March, and with total insurance in force growing faster than reserves, HUD officials show no signs of giving in to long-standing industry demands.

Insurance 190
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HousingWire Magazine: October/November 2023

Housing Wire

HousingWire Editor in Chief Sarah Wheeler and Brena Nath, director of HW+ and events at HousingWire. On HousingWire branding calls earlier this year, someone asked us what our tagline, “Moving Markets Forward,” means to me. Having referred to this phrase for over 10 years, the explanation we’ve used is as adaptable and forward thinking as the saying is supposed to be.

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Cost vs Investment

The Appraiser Coach

As human beings, we often think of the cost of things. It is my opinion that we think about the cost too much. It keeps us from achieving something truly great. For instance, we may consider starting to get up and exercise every morning, but decide against it when we consider the 30 minutes of sleep we’re going to lose by getting up early to exercise.

Investing 150
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Attom appoints new chairman of the board

Housing Wire

Attom Data Solutions has appointed Ned Stringham to the role of chairman of the board. His addition expands the board to six members. The property data provider also promoted Ana Flor and Kara Taylor to the positions of chief people officer and chief marketing officer, respectively. Before the promotions, Flor was the executive vice president of people and Taylor served as executive vice president of marketing.

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Existing-home sales fall to 13-year low despite strong buyer demand

Inman

Existing sales fell 4.1 percent in October to an annual rate of 3.79 million, the lowest since 2010, according to data from NAR. Nonetheless, multiple offers are still happening, economist Lawrence Yun said.

Buyers 187
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HousingWire Magazine: October/November Supplement

Housing Wire

Jessica Davis, content editor, HousingWire Content Studio. Perhaps the only predictable thing about the mortgage industry is its unpredictability. We all know the market is cyclical, but no one enjoys seeing the downside, and this year has been a difficult one. Rates have been high, inventory has been low and purchase applications have been down. As a result, the market has been slower, with continued layoffs and some lenders exiting the game.

Design 408
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Agents choose lively culture over cutting edge technology: Triple-I

Inman

Thirty percent of real estate agents and 55 percent of mortgage and real estate broker-owners agree that culture is the factor that sets a company apart from the rest, according to the October 2023 Inman Intel Index results.

Agents 184
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Existing Home Sales Slide to a New 13-Year Low Amid High Mortgage Rates

Eyes on Housing

Existing home sales in October fell to the lowest level since August 2010, as limited inventory and higher mortgage rates continued to weigh on homebuyers, according to the National Association of Realtors (NAR). Low resale inventory and strong demand continued to drive up existing home prices, marking the fourth consecutive month of year-over-year median sales price increase.

Inventory 174
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Curbio accused of targeting elderly homeowners in new fraud suit

Inman

Curbio "strongly" denied claims on Monday by Washington, D.C.'s attorney general that the pre-sale renovation startup violated consumer protection laws through "deception, intimidation and fraud.

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[Video] FAQ: How do I build a Form Template?

GoForrmz

Originally published on 03/12/2018 Ready to build your first digital form Template ? Congratulations on taking the first significant step towards creating your digital form Template by partnering with GoFormz to digitally transform your paper forms. To get started, follow these simple steps: Begin by uploading your desired form to the GoFormz Template Builder.

Legal 148
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How to maximize short-term rental returns with proptech

Inman

Property management software enhances operations and saves time and money for agents, property owners and short-term rental guests. Victoria Kennedy, CEO of Atman Real Estate, shares strategies for assessing your tech.

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Why “Subject To” is One of Your Best Creative Finance Options In This Market

BiggerPockets

With mortgage rates climbing, creative financing has become an alternative method of investing in real estate. Here's one of the best ones to utilize.

Finance 82
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Avenue 8 unveils Sidekick, an AI assistant built with speed in mind

Inman

The spartan, amenity rich AI assistant is currently available to the 3-year-old brokerage's 400 agents with plans to offer the tool to outsiders before the end of 2023, executives told Inman.

Brokerage 180
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Laurie Howe-Bourgeois Qualifies for the 2023 Lamacchia Realty President’s Club ELITE

Lamacchia Realty

She has done it again – Laurie Howe-Bourgeois has officially qualified for the 2023 Lamacchia Realty President’s Club ELITE by closing on 50 homes this year! This is Laurie’s 3rd time qualifying for ELITE, as she also became a member in both 2021 and 2022. Additionally, she is also a member of the 2019 , 2020 , 2021 , 2022, and 2023 Lamacchia Realty President’s Club!

Realty 70
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Technology is key to helping landlords attract college students

Inman

RentRedi CEO Ryan Barone writes that from smart home enhancements to mobile-friendly tech service that streamlines the rental process, technology is the key to helping college-town landlords thrive in today's market.

Landlords 185
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Unlocking Home Values: The Top 5 Home Improvements for Maximum ROI

Eppraisal

In the ever-evolving real estate market, homeowners are constantly seeking ways to enhance the value of their properties. While personal enjoyment is undoubtedly a priority, the return on investment (ROI) becomes a crucial factor, especially for those considering selling their homes in the future. Here, we delve into the top five home improvements that not only elevate your living experience but also promise substantial returns when it's time to sell.

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Toronto listing that offers to share a queen-size bed raises eyebrows

Inman

A listing posted to Facebook seeks an "easy going female" roommate and advertises half of a queen-size bed in a Toronto condo for $900 CAD per month.

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Wraparound Mortgages: Creative Path to Homeownership

Will Springer Realtor

If attempts to get on the property ladder have been stymied by high financing costs, an answer may be “living” within your future home. For those seeking an alternative route to homeownership, wraparound mortgages may just be the answer. Here’s a look at this innovative financing option that’s tailored for first-time buyers and others seeking to get their dream home.

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Canadian officials looking for ways to decrease the number of Airbnbs

Inman

Under pressure to add more housing supply, officials say they're looking at ways to decrease the number of short-term rentals in the country.

Investing 184
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Understanding Homeowners Insurance for Rental Property: A Guide for Investors

Mashvisor

A profitable real estate investing journey starts with buying a high-potential property and continues with managing it in an optimal way.

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Playing the long game with effective lead nurturing

Inman

Post-pandemic real estate isn’t easy, according to Florida team leader Marcus Larrea. Here’s how to make sure you’re capturing as much business as possible.

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Mortgage market will immensely benefit from the current island of stability, says economist

Mortgagebroker News

The current pause in rate hikes could have a positive impact on certain housing types, according to Francis Gosselin of nesto

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The Benefits of Working with a Local Florida Real Estate Expert

Lamacchia Realty

THE BENEFITS OF WORKING WITH A LOCAL FLORIDA REAL ESTATE EXPERT Navigating the complex world of buying or selling property can be challenging, particularly for those unfamiliar with the intricacies of the Florida real estate marke t. The expertise of professionals specializing in local properties becomes invaluable in such a landscape. A local real estate expert can offer knowledge tailored to your area, understanding unique market trends, laws, and community dynamics.

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FSRA seeking new members for its mortgage advisory committee

Mortgagebroker News

Committee members will provide expert advice on credit market and mortgage industry challenges

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How to Fund Real Estate Deals Right Now

BiggerPockets

Yes, there are STILL rental property mortgages with low interest rates AND low money down, even in 2023.

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Feds announce multi-million investment in Toronto housing project

Mortgagebroker News

The rapid development investment will support new affordable homes for Indigenous people