Wed.Jan 25, 2023

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As mortgage rates decline, the mantra is ‘no buyers left behind’ 

Housing Wire

As mortgage rates continue to decline, Chad Earnest’s mantra with his referral partners in 2023 is “no buyer left behind.” The Montgomery, Texas-based area manager, who moved from AmeriSave Mortgage Corporation to Cardinal Financial Company in November, launched in mid-2022 a platform to help their referral partners succeed. He makes co-marketing investments and helps partners with their databases by looking for any missed opportunity in the market.

Buyers 479
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Can Expert Analysis Save Appraisers?

George Dell

Our blog this week, ‘Can Expert Analysis Save Appraisers?’ is a guest post from a long time friend and colleague, Timothy Andersen, MAI, MSc, CDEI, MNAA, The Appraiser’s Advocate. Analysis of what? Save appraisers from what? Clients want more than our opinions. They expect us to gather data, analyze them, and then interpret them. In […] The post Can Expert Analysis Save Appraisers?

Appraisal 195
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How the housing market will evolve in 2023

Housing Wire

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for this year, along with a roundtable discussion on how these insights apply to your business.

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CoStar considering purchase of Realtor.com parent: Report

Inman

Acquiring Realtor.com would significantly advance CoStar's push into residential real estate — and bring it into greater conflict with the industry's existing power players.

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Home prices will drop to 2008-levels in these four cities: Goldman Sachs

Housing Wire

Goldman Sachs’ latest home price predictions could be cause for concern. The multinational investment bank and financial services company says home prices, which have been on the decline since June 2022, will fall further this year than previously predicted. The company notified its clients earlier this month that based on the S&P CoreLogic Case-Shiller US National Home Price NSA Index’s projected decline, the housing market has fallen out of favor with Goldman Sachs.

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Compass went public 2 years ago. Can it recover from its stock slump?

Inman

Compass went public in April 2021, and ever since then the New York-based brokerage has weathered a market downturn and seen investors' appetite for shares fall significantly.

Brokerage 167

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Want to crush it in real estate in 2023? Get ready to be the educator

Inman

Real estate agents should prepare to point consumers toward information that will help them navigate a return to a normal, slower market, Anthony Lammachia said at ICNY on Wednesday.

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Guaranteed Rate offering up to $8K in assistance to underserved buyers

Housing Wire

Chicago-based mortgage lender Guaranteed Rate launched a new program this week that will provide up to $8,000 in assistance to potential first-time homebuyers from underserved communities. The initiative, called the Special Purpose Credit Program, aims to help homebuyers with down payments, deposit minimums, and move-in repair and maintenance costs. “This program helps tear down these barriers and open more doors to the houses, neighborhoods, and lifestyles of our customers’ dreams,

Buyers 384
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Real estate leaders see signs of market thawing

Inman

At Inman Connect New York on Wednesday, Sue Yannaccone and Glenn Sanford talked about positive market indicators and taking care of employees that remain post-layoffs.

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Digital lender Better.com rolls out one-day mortgage program

Housing Wire

Embattled digital lender Better.com launched a program that will allow customers to apply for a mortgage, get pre-approved, lock their rate and receive a mortgage commitment letter within 24 hours. The official rollout of the program, dubbed “One Day Mortgage,” comes after Better.com launched it in beta to a small segment of its customers in the second week of January.

Mortgage 384
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Anywhere Brands Sue Yannacone: Align with bigger franchises to win

Inman

Anywhere Brands President Sue Yannacone argued at Inman Connect New York on Wednesday that franchising helps brokerages scale up, and gives them tools they couldn't otherwise access.

Brokerage 161
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Rumors, rumors everywhere, but no Wells Fargo MSR deal — so far

Housing Wire

Market speculation that Wells Fargo is contemplating a huge bulk sale of mortgage servicing rights (MSRs) may well be a case of a rumor that is all hat and no cattle. Or it could signal a future MSR-market stampede. To date, no Wells Fargo bulk MSR public offering has surfaced, market observers say. That doesn’t rule out that the banking behemoth might still have a such a deal in the works, however.

Buyers 384
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In luxury, agents have to level up their brand

Inman

"It's a different lifestyle, it's a different language," Cindy Raney of the Cindy Raney & Team told attendees at ICNY on Wednesday about luxury — and that luxe clients appreciate attention to the details.

Agents 161
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A top producing loanDepot team heads to Revolution Mortgage

Housing Wire

About 25 people from loanDepot ’s top producing team have joined boutique lender Revolution Mortgage to reunite with their former team lead. Roughly half of the team led by Stacy Chevalier, former area manager covering parts of the states in Washington and Idaho at loanDepot, made the transition as of Tuesday, Chevalier said in an interview with HousingWire.

Mortgage 370
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The Umanskys dish on work-life balance and life as reality stars

Inman

"It's great brand-building," CEO Mauricio Umansky said of his family's new real estate reality TV show, "Buying Beverly Hills." "But more than the brand building, it was just meant to have a lot of fun.

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Popularity of New Homes Declines in Final Quarter of 2022

Eyes on Housing

Interest for new home construction weakened in the fourth quarter of 2022, driven by high mortgage rates and elevated new home prices. The latest Housing Trends Report (HTR) shows that the share of prospective buyers looking to buy new construction dropped to 20% in the final quarter of 2022, down from 27% a quarter earlier. The latest decline in interest.

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Localize to expand its AI tools for agents to more markets in 2023

Inman

A company that powers the home search for buyers using artificial intelligence, generating leads for agents, will enter new markets this year CEO Omer Granot said on Wednesday at Inman Connect New York.

Agents 161
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FAQ #4: Are Appraisals Part of the Public Record?

Riverfront Appraisals

FAQ #4 Are Appraisals Part of the Public Record? Have you ever wondered if the tax assessor gets a copy of your appraisal? Or maybe the seller of a home you’re purchasing? Quite often, and usually towards the end of our appraisal inspection, we get asked a question that goes like this: “The PVA […] The post FAQ #4: Are Appraisals Part of the Public Record?

Appraisal 111
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Starting from the bottom, 3 star agents share their journeys

Inman

James Harris, Kirsten Jordan and Mia Calabrese shared their journeys from real estate newbies to some of the best luxury agents in the business, at Inman Connect New York on Wednesday.

Agents 161
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How Agents Can Adjust For Square Footage

Birmingham Appraisal

Tips For Agents on How to Adjust For Square Footage I wrote an article once titled “ Price per square foot is not the holy grail of property value ” where I explained that price per square foot should not be the only metric given consideration when pricing a home. I thought it was important to discuss this topic because there is so much emphasis placed on this one stat over and above all others.

Agents 75
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Authentic marketing helped launch the careers of these 3 agents

Inman

Matt Lionetti and Tyler Whitman, of The Agency, and Sarah Desamours, of Douglas Elliman, shared their strategies for authenticity on social media with attendees at Inman Connect New York on Wednesday.

Agents 161
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Can tiny homes solve homeowner dilemmas?

Valuation Review

#ECLIPSECottages #smallerhomeoptions #tiny cottages, #featurestory

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Spencer Rascoff on CoStar-Move Inc. rumors: ‘$3B seems a little low’

Inman

Pioneers of consumer-first online home search weighed in from Inman Connect New York on rumors that CoStar has approached News Corp about purchasing Realtor.com parent, Move Inc.

Marketing 161
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Homebuyer Confidence Increases — Is The Housing Market Rebounding?

BiggerPockets

Prospective homebuyers are getting a little more hopeful that mortgage rates will come down, and a greater share is feeling confident that it’s a good time to buy a home, […]

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1000watt CEO: ‘No one cares how much or how agents get paid, they only want things to be easier’

Inman

At Inman Connect New York Wednesday, CEO Brian Boero shared insights from a real estate consumer sentiment study it conducted under the self-imposed mandate to “shut up and listen” to what buyers and sellers want from real estate agents.

Agents 155
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What's next for borrowers if the Bank of Canada continues hiking rates?

Mortgagebroker News

Borrowing costs could be set to creep upwards again for many Canadians at the beginning of 2023

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Data and multiple listing services: A love story?

Inman

Speakers at Inman Connect New York on Tuesday urged MLSs to adopt new datasets and make sure to share them in ways that are useful to agents and consumers.

Agents 161
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Bank of Canada makes first rate hike of 2023

Mortgagebroker News

The Bank also gave a significant update on its plans for future rate announcements

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EXp CEO Glenn Sanford touts cloud-based brokerage model at ICNY

Inman

A day after Compass CEO Robert Reffkin dismissed remote work as 'the killer of culture' at ICNY, Sanford argued on Wednesday that there's equal merit to virtual and brick-and-mortar models.

Brokerage 148
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How to Refinance an Inherited Property to Buy Out Heirs [2023 Guide] | Total Mortgage

Total Motgage

Inheriting a house with siblings means that each person owns an equal share of the property. While you and your siblings can continue to share ownership of the inherited house, refinancing is another option worth considering. Follow this guide on how to refinance an inherited property to buy out heirs.

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Alpaca partner Ryan Freedman is on hunt for real estate disruptors

Inman

"Reducing friction was yesterday’s play," Alpaca VC general partner Ryan Freedman told Inman in a wide-ranging interview. He stressed the need for a full suite of industry services.

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Partnership to enhance homebuyer fraud protection

Valuation Review

#FundingShield #partnership #wirefraudpreventiontechnology #Milestones

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3 steps to getting comfortable on camera — and winning clients

Inman

Social media coach Chelsea Peitz shared a 3-step plan for agents looking to find their voices in a video format at Inman Connect New York on Wednesday.

Clients 161
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Fannie Mae reports home price deceleration in Q4

Valuation Review

#Singlefamilyhomeprices #increase #FannieMae #HomePriceIndex

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