Fri.Nov 01, 2024

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What is a real estate broker vs. an agent? We explain the key differences

Housing Wire

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Whether you’re looking to start a career in real estate, already have one or are involved in real estate transactions, you may find yourself wondering about industry terminology and job titles. The industry acronyms alone look like alphabet soup.

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Which U.S. Cities Are Facing the Highest Mortgage Delinquency Rates?

Appraisal Buzz

A recent WalletHub report sheds light on mortgage delinquency rates across 100 U.S. cities, with rates spanning from around 3% to a staggering 23%. Based on data collected between Q1 and Q2 of 2024, WalletHub’s study ranks cities according to the proportion of mortgage holders behind on payments, a critical metric in assessing financial strain within communities.

Mortgage 435
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Introducing the 2024 HousingWire Tech Trendsetters!

Housing Wire

HousingWire is excited to announce the honorees of this year’s Tech Trendsetters award. The Tech Trendsetters are made up of the top product and technology leaders who have been essential in bringing innovative tech solutions to market for mortgage and real estate clients. Similar to the HousingWire TECH100, which celebrates the most innovative companies in mortgage and real estate tech, Tech Trendsetters highlights the individuals who are developing cutting-edge technology and leading inn

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Share of Newly Built Homes Hits Lowest Level in Three Years

Appraisal Buzz

According to a new Redfin research, in Q3 of this year, an estimated 28% of single-family homes for sale nationwide were newly constructed, the lowest percentage in three years. That is lower than the record-high 34.4% at the beginning of 2022 and 30.5% a year ago. For a number of factors, the proportion of newly constructed homes for sale has decreased from its peak, including: The market has seen an increase in existing inventory.

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Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

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October jobs report adds to a U.S. economy full of uncertainty

Housing Wire

Unfortunately for the Federal Reserve and voters looking for clarity ahead of next week’s presidential election , the October jobs report paints a murky picture of the nation’s economic status. Data released Friday by the U.S. Bureau of Labor Statistics (BLS) shows that 12,000 nonfarm payroll jobs were added in October, essentially unchanged month over month.

More Trending

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FirstTeam’s Michele Harrington talks innovative recruitment strategies for brokerages

Housing Wire

In this week’s episode of the Power House podcast , host Diego Sanchez sits down with FirstTeam Real Estate CEO Michele Harrington for a provocative conversation about female empowerment, leadership in the real estate industry and recruitment strategies. This interview has been edited for length and clarity. The duo start the conversation by exploring Harrington’s path into the CEO’s role at FirstTeam.

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Portfolio growth, tenant retention help Blanket shine: Tech Review

Inman

Blanket is property management software that centers on portfolio growth rather than reactive, day-to-day oversight of rental properties. It can do the latter, but the former makes it a unique entry to the market worth consideration for anyone who wants become a full-time landlord.

Tenants 146
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Zillow says recent homebuyers are getting creative to combat high mortgage rates

Housing Wire

With mortgage rates moving closer to 7% once again, recent homebuyers are finding creative ways to lock in lower rates. A survey from Zillow conducted between March and September of this year found that 45% of recent buyers — half of whom bought a home in the past year and the other half in the past two years — secured rates below 5%. This comes despite rising mortgage rates and a 115% increase in the typical mortgage payment compared to pre-pandemic levels.

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Making your pitch: What sellers want to know

Real Estate News

10 questions every listing agent had better be able to answer, from whether to list on the MLS or offer buy-side compensation to what goes into pricing a home.

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The Constructor's Digital Transformation Playbook: Reducing Risk With Technology

Speaker: Dylan Secrest

Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.

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Private Residential Construction Spending Rises in September 

Eyes on Housing

Private residential construction spending inched up 0.2% in September, according to the Census Construction Spending data. The September report shows a 4.1% rise compared to a year ago. The monthly increase in total private construction spending for September was largely due to more spending on single-family construction. Spending on single-family construction rose by 0.4%.

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Is RE/MAX starting to turn things around?

Real Estate News

Numbers were down, but revenue declines slowed. Leadership painted a cautiously optimistic picture — and presented its point of view on Clear Cooperation.

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Appraising Kitchens

Appraisal Today

Newz: FHFA Waiver Expansion, AMC Appraisal Fees, Appraising Kitchens November 1, 2024 What’s in This Newsletter (In Order, Scroll Down) Construction Progress Inspection Reports: Claims Involving ADUs and Remodels Appraising Kitchens: Understanding Trends, Functionality, and Market Expectations Lake Tahoe Ranch Hits the Market for $188 Million, Making It One of the Priciest Listings in the U.S.

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BSI Financial Launches New AI-Driven Tool to Identify Borrowers Likely to Refinance

Appraisal Buzz

Mortgage technology firm BSI Financial Services has launched Portfolio Guardian, an AI-driven predictor model that calculates the likelihood a borrower will refinance their mortgage within the next 90 days. Portfolio Guardian generates a precise prepayment score for each borrower in BSI’s portfolio, allowing BSI and its clients to strategically target refinancing opportunities and enhance customer retention, the firm says in a release.

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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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Hurricanes and Strikes Hit Labor Market in October

Eyes on Housing

Job growth decelerated significantly in October, driven by the effects of strikes and hurricanes. As stated in this month’s job report, October data are “the first collected since Hurricanes Helene and Milton struck the United States”. Despite lower monthly job gains, the unemployment rate held steady at 4.1%, indicating the labor market remains solid.

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Objections fly in against NAR and HomeServices settlement deals

Inman

The proposed settlements seek to cover too many claims for too little money and let too many in the industry have a "free pass," more than a dozen homesellers argued ahead of a Nov. 26 decision.

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The Innovative Future of Foundation Repair

Eppraisal

New innovative technologies are changing how companies repair and lift uneven concrete foundations. These advancements are the future for fixing settled concrete areas around homes and buildings. Traditional methods of demolishing and re-pouring concrete were difficult, expensive, and caused major disruptions. The innovative lifting techniques are much easier on homeowners.

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Elliman’s California business faces lawsuits alleging kickbacks

Inman

The allegations launched by two former employees claim that closing statements had been altered to bump up agent commissions, with a particular bias in favor of the Altman Brothers team.

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MERIX Financial: Evolving for broker success

Mortgagebroker News

Innovation on strong foundation propels lender — and its partners — into the future

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Falling rates help boost Fannie and Freddie loan volumes, net worths

Inman

Mortgage giants Fannie Mae and Freddie Mac provided backing for $164 billion in purchase mortgages in Q3, up 10 percent from Q2, while growing combined net worths to $147 billion.

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10 Things We Hate About Real Estate Investing

BiggerPockets

Real estate investing is great…sometimes. Other times, it’s NOT fun to be a real estate investor.

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Using community engagement to build your personal brand

Inman

Investing time and effort into community involvement, The Agency's Rainy Hake Austin writes, is a powerful strategy for personal branding in luxury real estate.

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Finance Friday: Signs You’re Saving TOO Much for Retirement

BiggerPockets

Are you saving TOO much for retirement (or early retirement)? Could you retire years sooner than you think?

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Weak jobs, manufacturing reports provide no relief for mortgage rates

Inman

Hurricanes and strikes were expected to dent job creation, and bond market investors are looking ahead to next week's election, Fed meeting and government bond auctions.

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How Investors Lose Thousands Without Proper Bookkeeping

BiggerPockets

Real estate investing is one of the best ways to build wealth, but there’s a hidden trap that even seasoned investors fall into—it’s called poor bookkeeping practices that quietly drain […]

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World Series of Luxury results: Ohtani puts on a ‘Sho’ in Hawaii

Inman

On top of his first MLB World Series title, Ohtani has been crowned by Inman readers as the champion of luxury real estate for his new build with ocean views on the Big Island.

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Ontario government insists it can meet housing targets despite criticism

Mortgagebroker News

Housing Minister affirms commitment following release of new data

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Termination, generation, Clear Cooperation: Inman’s Top 5

Inman

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

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Are Election Jitters Slowing Down the Housing Market? Here’s What the Data Says

BiggerPockets

As the U.S. anxiously awaits the outcome of the presidential election on Nov. 5, some of that anxiety is reportedly spilling over into the real estate market.

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Is Canada's condo market in trouble?

Mortgagebroker News

Pre-construction condo sales are plunging in Toronto

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How to Buy Multiple Rental Properties a Year + Auctions 101 (Rookie Reply)

BiggerPockets

Want to build your rental portfolio FAST?

Tenants 50
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Canadian economy stalls in August

Mortgagebroker News

Will interest rates be slashed again?

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