9 innovative strategies to get more real estate seller leads in 2024

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission.Looking for more listing leads? With low housing inventory nationwide, agents are using innovative ways to find real estate seller leads and convert them int
Read MoreHome flipping activity and profits plummeted in 2023: Attom

The landscape for home flipping across the country was challenging in 2023 as fewer single-family homes and condominiums were flipped and investment returns on these projects declined.A total of 308,922 single-family homes and condos were flipped in 2023, down 29.3% from the 436,807 flips in 2022. T
Read MoreRising insurance costs, ample inventory create a unique market in Southwest Florida

Unlike many other metropolitan areas across the country, the housing market in Southwest Florida is comparably flush with for-sale inventory.“I think one of the major trends we are seeing is that our overall inventory is up 60% year over year compared to 2023,” said PJ Smith, president of the Naples
Read MoreEquifax’s Work Number is too expensive and regulators should look into it: CHLA

Equifax’s Work Number product is too expensive for consumers and the Federal Housing Administration (FHA) and Federal Housing Finance Agency (FHFA) should potentially do something about it, an influential mortgage trade group argued this week.In a letter submitted to FHA commissioner Julia Gordon an
Read MoreRetail reverse mortgage production took a hit in January

While reverse mortgage volume in 2024 got off to a rocky start, new data that breaks out retail Home Equity Conversion Mortgage (HECM) endorsements versus wholesale production showed that it was the former that took the bigger hit in the first month of the year, based on new data compiled by Reverse
Read MoreAwareness of reverse mortgage utility could be improving, survey suggests

More people seem to be aware of the potential utility that a reverse mortgage could provide for older homeowners, including as a tool to age in place and to provide greater cash flow in retirement. This is according to survey results published this week by WSFS Mortgage, a division of WSFS Bank.“[M]
Read MoreSenator urges DOJ to investigate FICO over increasing costs to mortgage lenders

U.S. Sen. Josh Hawley (R-Mo.) has sent a letter to the U.S. Department of Justice‘s Antitrust Division, urging an investigation of Fair Isaac Corp. (FICO), the company that retains the rights to the mortgage market’s adopted methodology to measure consumer credit risk.The letter, dated March 12 and
Read MoreHave we already reached peak home sales for the year?
Today’s existing home sales report was a massive beat, similar to what happened last year in this month. Will this mark the high point for sales this year like it did in 2023? Unless mortgage rates go lower, that’s what we should expect, because that’s what happened last year. When mortgage rates he
Read MoreHouse Republicans offer counterpoints to Biden’s housing proposals

Despite much of the political oxygen in Washington regarding housing issues being taken up by President Joe Biden and the White House, Republicans got their first major opportunity to offer an alternative vision for solving the nation’s housing problems.In a U.S. House of Representatives Subcommitte
Read MorePlanet Home Lending adds new regional sales manager

Planet Home Lending hired Matt Kingsborough as regional sales manager, the Connecticut-based lender, servicer and asset manager announced Thursday.Kingsborough has more than 20 years of experience in mortgage lending and will be responsible for driving the company’s expansion plans in the western U.
Read MoreRocket Mortgage president Tim Birkmeier to retire

Rocket Mortgage president Tim Birkmeier is retiring after a nearly 28-year stint at the Michigan-headquartered lender. “It is with great pride that I publicly announce my retirement from Rocket Companies and the mortgage industry,” Birkmeier wrote in a LinkedIn post on Thursday. “It was absolutely
Read MoreRechat CEO Shayan Hamidi on keeping up with the furious pace of AI

HousingWire Editor in Chief Sarah Wheeler sat down with Shayan Hamidi, CEO of Rechat, to talk about how he picks the right problems to solve, the incredible pace of AI innovation, and finding the joy in work. Sarah Wheeler: Let’s talk about your background, because you have both technology and real
Read MoreMLSs, local associations help members navigate changes tied to NAR settlement

While the news of the National Association of Realtors’ settlement agreement in the commission lawsuits may have created panic at some brokerages, local Realtor associations and Multiple Listing Services (MLSs) said they were not only anticipating the news but were prepared for it.“We’ve been scenar
Read MoreTricked-out backyards can help homes sell for $10,000 more

Realty ONE promotes five women to executive positions

Realty ONE Group International, a global real estate franchise, recently promoted five women to drive the company’s global growth. Cory Vasquez was promoted to the position of co-president, alongside Vinnie Tracey, who has been the company’s president since 2017. Before this promotion, Vasquez serve
Read MoreMortgage industry excitement is subsiding about expected Fed rate cuts in 2024

One of the major takeaways from Federal Reserve Chair Jerome Powell’s Wednesday news conference was that officials still expect interest rates to come down three times this year, indicating that recent higher-than-expected inflation numbers haven’t been enough to derail previous forecasts. As widely
Read MoreTane Cabe talks reverse mortgage industry challenges, software development

Reverse mortgage industry veteran Tane Cabe recently left his position at Fairway Independent Mortgage Corp.’s reverse division to transition back into a role as a reverse mortgage broker. He joined C2 Financial’s reverse division in a move that he says helped to return him to his “roots.”RMD caught
Read MoreNAR addresses ‘incorrect claims’ in Biden’s housing proposal speech

Although the National Association of Realtors (NAR) is grateful for the White House’s focus on the nation’s affordable housing crisis, the trade group was not thrilled about remarks President Joe Biden made about real estate agent commissions.In a speech given at Stupak Community Center in Las Vegas
Read MoreLending association recognizes reverse mortgage vendors with awards

The PROGRESS in Lending Association released the names for its 2024 Innovations Award winners last week, including two vendors that are active in the reverse mortgage industry, according to an announcement.The organization recognized LoanPASS for its loan pricing software, which can map out forward
Read MoreOpinion: Debunking the NAR settlement myths

Last week, the National Association of Realtors (NAR) announced a settlement agreement in the Sitzer Burnett case that would take effect in July. For those who missed the declarations that this outcome will render transacting real estate almost free, protect consumers and make homeownership affordab
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