Housing Wire

DECEMBER 20, 2023

It was late 2022 and Mike was feeling the pressure. Mortgage rates had climbed close to the 7% range and he was determined to remain competitive on pricing with rival loan officers in North Carolina. But there was a problem: pricing exceptions, in which the lender takes the hit, were becoming scarce at his company. So he did what a lot of retail loan officers in the industry were doing — Mike would reclassify a self-generated lead as a corporate-generated lead, thus slashing his compensation fr

Loan Officers 482

Loan Officers Clients Law Legal 482

Real Estate News

DECEMBER 20, 2023

Lending changes, outside-the-box compensation options and some amount of agent attrition are likely outcomes, say T3 Sixty executives.

Lending 299

Lending Agents 299

Housing Wire

DECEMBER 20, 2023

Did today’s existing home sales report give us a playbook for housing in 2024? I would argue yes, and the housing market today looks a lot like what we saw in late 2022. However, this time around, the Federal Reserve rate hike cycle is over, and we don’t need to worry about Fed presidents going on CNBC in 2024 crying about 6% mortgage rates making their lives difficult.

Housing Market 482

Housing Market Marketing Inventory Realtors 482

Real Estate News

DECEMBER 20, 2023

Before making a small gain in November, existing home sales had been on a downward trajectory since July.

278

278

Housing Wire

DECEMBER 20, 2023

Mortgage demand fell for the first time since November as mortgage rates reached their lowest level since June 2023. Total home loan applications decreased by 1.5% for the week ending Dec. 15 compared to the previous week, according to data from the Mortgage Bankers Association (MBA). Mortgage rates for the 30-year fixed loan averaged 6.83%, according to Freddie Mac ‘s Primary Mortgage Market Survey. “At least as of last week, borrowers’ response to this rate move was rather tepid,”

Mortgage 475

Mortgage Marketing Finance 475

Real Estate News

DECEMBER 20, 2023

KW promotes two longtime leaders to help enhance regional growth.

264

264

George Dell

DECEMBER 20, 2023

More appraisal censorship is here! Have you noticed this new regulation that censors California appraisers and flat out appears to prohibit accepted sound appraisal methodology and practice? Editor’s Note: A Guest Post from Bruce Hahn, CCIM, MAI, SRA Consider California Business & Professions Code Section 11424(a) which says: Licensees shall not base, either partially or […] The post More Appraiser Censorship??

Appraisal 221

Appraisal Business 221

Housing Wire

DECEMBER 20, 2023

Sales of existing-homes inched up in November, breaking a streak of five consecutive monthly declines. While sales are still tracking below last year’s levels, the gap between 2022 and 2023 has narrowed considerably. Existing-home sales grew 0.8% in November from the prior month , reaching a seasonally adjusted annual rate of 3.82 million, according to the National Association of Realtors.

Inventory 459

Inventory Housing Market Realtors Buyers 459

Inman

DECEMBER 20, 2023

The real estate portal pulled user search data and other metrics to find the top markets where people looked to move to in 2023.

Marketing 195

Marketing Real Estate Brokerage 195

Housing Wire

DECEMBER 20, 2023

Title premium volume continued to drop during the third quarter of 2023, as limited housing supply and high interest rates took their toll on home sales. During the third quarter of 2023, the title industry generated $4.1 billion in title insurance premiums, down 24% year over year, according to the American Land Title Association’s Market Share Analysis , released Tuesday.

Insurance 448

Insurance Marketing Mortgage Finance 448

Inman

DECEMBER 20, 2023

The Inman Intel Index goes beyond sentiment and trends by tapping into the real estate industry's most engaged community. Add your voice to the industry's most ambitious monthly survey.

Real Estate 194

Real Estate Technology Brokerage Agents 194

Housing Wire

DECEMBER 20, 2023

Keller Williams (KW) has appointed Wendi Harrelson as president of KWRI-owned regions and John Clidy as vice president of growth, the company announced on Wednesday. The appointments were effective as of Dec. 12. “Well-known across our ecosystem as servant leaders, Wendi and John will act as growth partners for our regional operating principals and regional directors,” Mark Willis, CEO of KW , said in a statement.

Training 448

Training Agents Marketing Real Estate Agent 448

Inman

DECEMBER 20, 2023

The National Association of Realtors, Keller Williams and HomeServices of America have all asked a federal judge in Illinois to rule in their favor before the Moehrl case goes to trial.

Realtors 192

Realtors Brokerage Agents 192

Housing Wire

DECEMBER 20, 2023

CoreLogic ’s AutomatIQ Borrower Income Analysis solution is now integrated with Fannie Mae ’s Income Calculator, the company announced last week. With this integration, mortgage lenders will be able to calculate borrowers’ income according to the standards described in Fannie Mae ’s Selling Guide. Lenders will be able to automate, streamline and standardize their income verification processes while improving customer experience.

Technology 447

Technology Investors Mortgage 447

Inman

DECEMBER 20, 2023

Keller Williams Head of Inclusion and Belonging Julia Lashay Israel shares her top picks for certifications, designations and resources that are perfect for the new year.

Design 189

Design Buyers Realtors Real Estate 189

Housing Wire

DECEMBER 20, 2023

The three remaining defendants in the Moehrl commission lawsuit filed a joint motion for summary judgement on Tuesday. The National Association of Realtors , Keller Williams and HomeServices of America , have asked judge Andrea Wood to rule on the suit based on the evidence that has been presented during the discovery period of the proceedings. “After almost five years of litigation, it is clear that Keller Williams Realty, Inc. had no involvement in the issuance and or enforcement of NAR rules

Real Estate 445

Real Estate Sellers Realtors Real Estate Agent 445

Inman

DECEMBER 20, 2023

Alexa Rosario, eXp agent and new Inman Contributor, outlines the strategies and techniques that drive engaged potential clients through each phase of your funnel marketing setup.

Real Estate 185

Real Estate Clients Agents Marketing 185

Housing Wire

DECEMBER 20, 2023

After a multi-year decline in agent movement between brokerages , Relitix’s Agent Movement Index suggests that this trend may be reversing. The index shows that, measured on a trailing 12-month basis, the amount of agent recruitment bottomed out in October of 2023 and has begun to increase. “After seeing less and less recruitment for nearly 30 months in a row, the tide may be turning,” said Relitix Founder and President Rob Keefe.

Real Estate 435

Real Estate Brokerage Real Estate Agent Agents 435

Inman

DECEMBER 20, 2023

Brokerages have sprung into action as commission lawsuits proliferate — and not a moment too soon, according to the results of November's Inman Intel Index survey, released Wednesday.

Clients 182

Clients Brokerage Agents Realtors 182

Eyes on Housing

DECEMBER 20, 2023

Existing home sales rose in November from a 13-year low, ending a five-month decline, according to the National Association of Realtors (NAR). This increase in sales was driven by a strong gain in the South, where homes are considered more affordable. Total existing home sales, including single-family homes, townhomes, condominiums, and co-ops rose 0.8% to a seasonally adjusted annual rate.

Realtors 167

Realtors Mortgage 167

Inman

DECEMBER 20, 2023

After a roughly four-year run with Compass, the 18-person team has returned to Fox & Roach. The team closed more than $73 million in sales volume in the last year.

Realtors 179

Realtors Brokerage Agents 179

GoForrmz

DECEMBER 20, 2023

Originally published on 11/17/2015 Become more efficient with streamlined, real-time data with GoFormz mobile forms The conventional way of dealing with paper forms can be quite time-consuming, taking days or even weeks to process, organize, and analyze data. It's not the most efficient method and is prone to human errors and unpredictable delays. For example, if a field technician visits the office twice a week to submit paper reports, the office then has to go through the tedious process of so

Construction 147

Construction Business 147

Inman

DECEMBER 20, 2023

AI document automation platform signs 100 new customers in 2023 and now supports more than 1,150 types of documents to serve a growing number of use cases, including mortgage.

Mortgage 179

Mortgage Technology 179

BiggerPockets

DECEMBER 20, 2023

After a rocky year, some say we can now see the light at the end of the tunnel. Here's why the future looks great for investors.

Real Estate 93

Real Estate Investors 93

Inman

DECEMBER 20, 2023

Carolina Sky Real Estate operates in North and South Carolina under the guidance of Sheila Fleming and Toni McIntyre. The company is on track in 2023 to close just under 300 homes worth a total $117 million.

Brokerage 178

Brokerage Agents Real Estate Marketing 178

BiggerPockets

DECEMBER 20, 2023

Short-term rentals came back to Earth in 2023. Will they stay grounded in 2024? Read our outlook here.

Real Estate 92

Real Estate 92

Inman

DECEMBER 20, 2023

Demand for purchase loans has picked up in five of the past seven weeks as mortgage rates continue a dramatic retreat from October highs on expectations of Fed rate cuts.

Mortgage 178

Mortgage Marketing 178

BiggerPockets

DECEMBER 20, 2023

A “reset” could be coming to the housing market in 2024.

Housing Market 92

Housing Market Marketing Inventory Mortgage 92

Inman

DECEMBER 20, 2023

Take some wisdom with you into 2024 from the last WomanUP! podcast of of the year. Trainer Bernice Ross shares the most important lessons and best advice from top leaders.

Realtors 175

Realtors Brokerage Agents 175

BiggerPockets

DECEMBER 20, 2023

Want to know how to start an LLC for real estate?

Real Estate 91

Real Estate Investing 91

Inman

DECEMBER 20, 2023

Sales of existing single-family homes edged up 0.8 percent between October and November, and more gains are expected as interest rates settle.

Marketing 173

Marketing 173

BiggerPockets

DECEMBER 20, 2023

A sublease is when a tenant rents the property they’re renting to another tenant—essentially reassigning the lease. In most subleases, the tenant’s renter covers all or a majority of the property’s monthly rent payments. Subleasing can keep tenants from breaking their original lease while someone else pays their rent.

Tenants 91

Tenants Landlords 91

Inman

DECEMBER 20, 2023

Brokerages have been scrambling to get agents up to speed on commissions lawsuits — but they may already be in deeper than broker-owners realize, Inman's Director of Research tells Intel.

Agents 173

Agents Brokerage Real Estate Marketing 173

BiggerPockets

DECEMBER 20, 2023

Understanding the Consumer Price Index (CPI) in real estate is vital if you are a landlord or real estate investor. The CPI reflects how housing expenses—rent and utilities—impact inflation and property values. Additionally, the CPI can affect mortgage rates, making borrowing money cheaper or more expensive.

Real Estate 91

Real Estate Landlords Investors Mortgage 91