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Agents and LOs, here are 6 strategies for navigating a down real estate market

Housing Wire

Facing a challenging housing market can be daunting for agents and loan officers alike. These are the mindset and actions that set successful agents and loan officers apart in a down market. Rather than being weighed down by difficulties, they view them as chances to learn, evolve and uncover new possibilities.

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Flyhomes looks to grow via wholesale channel

Housing Wire

The new channel gave partnered lenders and mortgage brokers access to Flyhome products, including “buy before you sell” and short-term bridge loan products. This means they take the loan application, submit it and earn compensation for the transaction. “To She learned about Flyhomes and its products through her broker.

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The homegenius Platform gives consumers deeper insights in the home buying and selling journey

Housing Wire

That’s why they’ve introduced the homegenius Platform, an integrated solution consisting of advanced technology , data science, machine learning and AI designed to drive value and bring ease to consumers through the home buying and selling journey. To learn more, click here.

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What does the fix-and-flip market look like right now?

Housing Wire

But increasing costs and the banking crisis this year have meant a fall-off in return on investment for flippers, and for those still interested, it can be more difficult to finance a fix-and-flip or a bridge loan than in past years. But its bridge loan and fix-and-flip loan pipeline is down 40% over that same time period.

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Borrower demand declines amid a volatile mortgage market 

Housing Wire

Borrower demand for home loans increased in the first three weeks of 2023, sparking optimism among mortgage industry executives and loan officers. Demand for purchase loans declined by 10% in the same period. For jumbo loans (greater than $726,200), rates increased from 5.92% to 5.99% this week.

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2021 Tech Trendsetters nominations are now open!

Housing Wire

Take a look at some of the 2020 honorees: Maxwell co-founder John Paasonen has grown the company to serve more than 250 community lenders since 2015 and the Maxwell platform has now facilitated over $100 billion in loan volume, helping its customers enhance the borrower experience by closing loans 45% faster than the national average.

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Employment gains could help housing inventory

Housing Wire

Sectors that were hit hardest by the pandemic led job growth last month, with jumps in leisure, hospitality, public and private education and construction – good signs for the housing industry. For housing, March gained 110,000 jobs in construction – a positive sign in an industry struggling with supply constraints. Labor Department.

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