Housing Wire
AUGUST 14, 2023
One of Texas’ top mega teams , Nest Finders , is partnering with r eal estate brokerage as a service platform , Pinnacle Realty Advisors , according to an announcement on Monday. Pinnacle Realty Advisors will supply Nest Finders with back-end support and tools such as on-demand broker support, as well as PinnacleHQ , Pinnacle’s virtual office and services marketplace.
Real Estate News
AUGUST 14, 2023
A new report from Redfin found that homes in high-opportunity neighborhoods sold for nearly 40% more than homes in low-opportunity neighborhoods.
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Housing Wire
AUGUST 14, 2023
The regulator of Fannie Mae and Freddie Mac improperly amended stock purchase agreements in 2012 when it allowed the U.S. Treasury to sweep up the companies’ net profits, a jury in Washington, D.C. found Monday. The jury awarded shareholders of the government sponsored enterprises a total of $612.4 million in damages. Fannie Mae will pay junior preferred shareholders $299.4 million and Freddie will pay $281.8 million.
Real Estate News
AUGUST 14, 2023
When the case goes to trial next month, NAR policies on IDX feeds — which Zillow began using in 2021 — could be put to the test.
Housing Wire
AUGUST 14, 2023
A ransomware attack has crippled Rapattoni, a Southern California data host for property listing information. Santa Rosa-based Bay Area Real Estate Information Service (BAREIS) and other MLSes, who are clients of Rapattoni, fell victim of the cyberattack. This form of cybercrime encrypts the victim’s data and demands a ransom for its release. The incident left agents from all across the country scrambling for workarounds to navigate the disruption to their marketing and property sales efforts, t
Inman
AUGUST 14, 2023
Compass has recruited the second-largest Coldwell Banker teams in Denver and Seattle, the Infinity Pros team and the Get Happy At Home team. They are the 51st and 52nd agents or teams to move from Coldwell Banker to Compass this year.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Inman
AUGUST 14, 2023
When listing a luxury home, the quality of the kitchen is critical. Just ask John Messina, Licensed Associate Broker and Global Real Estate Advisor at Daniel Gale Sotheby’s International Realty: “The kitchen is the heart of a home,” he says. “It can determine whether a home sells right away or languishes on the market.
Housing Wire
AUGUST 14, 2023
Though its overall mortgage strategy has apparently not changed, Rocket Mortgage is undoubtedly ramping up its initiative to hire local loan officers to win purchase business. The Detroit-based lender plans to recruit up to 500 LOs by the end of 2023, more than triple the current local LO pool. “Rocket has already hired 150 (locally based mortgage loan originators) field reps,” said Laine Kostegian, strategic sales director at Rocket, said at Inman Connect, per mortgage broker Jeff Lazerson, wh
Eyes on Housing
AUGUST 14, 2023
Over the first six months of 2023, the total number of single-family permits issued year-to-date (YTD) nationwide reached 449,226. On a year-over-year (YoY) basis, this is 20.9% below the June 2022 level of 567,798. Year-to-date ending in June, single-family permits declined in all four regions. The Northeast posted the lowest decline of 11.0%, while the West region reported the steepest.
Housing Wire
AUGUST 14, 2023
When we contemplate the potential of AI and Web3 technologies in real estate , it goes beyond simply revolutionizing how consumers search for homes and take ownership of assets. The true power lies in how these advancements can alleviate the intricate processes involved in assisting real estate agents and brokers in efficiently guiding consumers through successful transactions.
Inman
AUGUST 14, 2023
Retail investors and local landlords offer real estate agents a wide array of options for staying active in a market bereft of traditional inventory, you simply need to know how to connect with them.
Housing Wire
AUGUST 14, 2023
Rate lock activity fell for the second month in July as mortgage rates topped 7% for the first time since November 2022. Overall rate lock volume was down 7% month over month, with purchase lending accounting for 88% of total lock activity, according to Black Knight ‘s originations market monitor report. Even so, purchase lock counts were down 27% year over year and 35% compared to 2019 pre-pandemic levels, as high-interest rates and persisting low inventories dampened demand.
Inman
AUGUST 14, 2023
In today's dynamic real estate market, sellers are seeking more efficient and hassle-free ways to sell their homes. They want more choice, options, and control over how and when they sell.
Housing Wire
AUGUST 14, 2023
In 2022, the price of the typical home purchased in “high-opportunity” U.S. neighborhoods — where poor children have the best shot at upward mobility — was $470,000. That’s $130,000 more than the typical home in low-opportunity areas, according to a Redfin report. Redfin analyzed home sales in 100 of the most populous U.S. metropolitan areas, sorting each neighborhood into one of three tiers—low opportunity, intermediate opportunity and high opportunity.
Inman
AUGUST 14, 2023
If you’re putting together a beautiful, thoughtful offer package, your buyers won’t have to supplement with a love letter. Doora Creative Director Janet Pozos tells you how to impress with your pdf.
Housing Wire
AUGUST 14, 2023
Swiss bank UBS AG announced Monday it has agreed to pay $1.43 billion in penalties to settle a civil action alleging misconduct related to the underwriting, issuance and sale of residential mortgage-backed securities (RMBS) before the 2008 financial crisis. The settlement with the U.S. Department of Justice (DOJ), which refers to a civil action filed in November 2018, does not bring the determination of liabilities, the DOJ said.
Inman
AUGUST 14, 2023
Keller Williams President Marc King told Inman he wants KW agents to sharpen their lead generation and conversion strategies as the brokerage's annual Agent Mega Camp hits Austin this week.
Housing Wire
AUGUST 14, 2023
The Fed recently announced yet another interest rate hike, making borrowing more expensive and pushing the prospect of purchasing a new home out of reach for an even greater share of Americans. At the same time, inflation is easing and the economy is showing unanticipated strength, with strong employment numbers and greater than expected GDP. All this means one thing for current and prospective homeowners – they shouldn’t expect the Fed to begin lowering rates any time soon.
Inman
AUGUST 14, 2023
The share of U.S. homes valued at $1 million or more stopped shy of a record notched last summer as high mortgage rates and low inventory drove home prices upward in June, a Redfin analysis shows.
Housing Wire
AUGUST 14, 2023
The mortgage industry continues to be battered by negative headlines amid the slow in demand, the challenges of housing supply, and rising interest rates. It’s no secret that refinance (refi) volumes dropped off a cliff, and the number of homebuyers in the market has shrunk since 2022. That leaves you with a small pool of prospects in a sea that used to be teeming with more volume than you could handle.
Inman
AUGUST 14, 2023
Shareholders on Friday overwhelmingly approved a plan to merge mortgage lender Better HoldCo with the Aurora Acquisition Corporation. The deal is expected to close before the end of August.
GoForrmz
AUGUST 14, 2023
Originally published on 10/29/2015 Simplify the collection and completion of critical authorizations with Digital Signature and eSignature fields Whether it’s a handwritten or electronic signature , signatures are being captured every day across various industries. In this blog, we’ll delve into the three different types of signature options GoFormz offers along with best practices and common use cases to consider when selecting which signature form field to use for your electronic signature for
Inman
AUGUST 14, 2023
As scorching heat waves become more frequent and intense this summer, it is imperative for communities to come together and devise innovative solutions to protect their most vulnerable members. Coach Darryl Davis offers ways that real estate professionals can help.
Clear Capital
AUGUST 14, 2023
Follow ClearCast on LinkedIn , Twitter , Facebook , and Instagram. EPISODE SUMMARY In ClearCast’s 37th episode, Kenon Chen and Jeff Allen chat with David Hirshman, the EVP and Chief Content Officer for Blueprint. The three discuss David’s history in media and his role planning content for the premier event for industry executives, real estate and construction tech startups, and VCs.
Inman
AUGUST 14, 2023
Watch the new Inman Access classes for strategies on how to close more deals in today's complex market, along with how influential and persuasive communication can help grow your business.
Lamacchia Realty
AUGUST 14, 2023
On Friday, August 11th, Lamacchia Realty celebrated its 6 th annual company-wide appreciation event on Thompson Island in Boston! After a short ferry ride, the company spent the afternoon on the island complete with a lobster bake, lawn games, a bonfire, and more. Broker/Owner Anthony Lamacchia spoke briefly with the entire company about various accomplishments, including the latest milestones of entering the Cape Cod and Bristol County markets by joining forces with two respected brokerages.
Inman
AUGUST 14, 2023
Nothing is going to disrupt the real estate industry in the years ahead as much as the onslaught of climate change, Minnesota broker Teresa Boardman writes.
BiggerPockets
AUGUST 14, 2023
One group of homebuyers has been carrying the housing market through the correction and up to this point. Who are they? And where are they going?
Inman
AUGUST 14, 2023
Every week Sue "Pinky" Benson answers your most pressing Instagram questions. This week, she's helping you choose some new folks to follow.
BiggerPockets
AUGUST 14, 2023
Housing data is all over the place, with many forecasts contradicting each other. Here's a clearer picture of where things stand.
Inman
AUGUST 14, 2023
The mortgage technology, title provider and cloud-based banking platform has eliminated more than 1,000 positions in five rounds of layoffs in the last 16 months.
Mashvisor
AUGUST 14, 2023
Looking to increase your ROI and attract high-value tenants? These six home renovations may provide an answer.
Mortgagebroker News
AUGUST 14, 2023
New housing minister should work with provincial and municipal partners to ease supply shortage, says executive
Town & Country Residential Appraisals
AUGUST 14, 2023
You would have to be living under a rock or in an area that is completely off grid to not be somewhat aware that real estate prices have been fluctuating and increasing significantly in many areas over the past couple of years. If you have not purchased or refinanced recently, your homes value might have changed from where you thought it was just 12 -18 months ago.
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