United Wholesale Mortgage shares tumble as originations fade

UWM CEO Mat Ishbia highlights "operational profitability" as a $337 million write-down in fair value of mortgage servicing rights drives a $138.6 million first-quarter loss.

Copyright

© inmanNews

Tags:

Mortgage applications surged last week but rates are climbing again

Applications for purchase mortgages rose 5 percent last week, but a strong jobs report and ongoing bank instability are pushing mortgage rates back up.

Copyright

© inmanNews

Tags:

The seller’s market is roaring back as buyers vie for limited inventory

A "drought" of new listings is driving up prices, reversing the sluggishness of late 2022 and forcing buyers to compete fiercely for homes, according to a new analysis from Zillow.

Copyright

© inmanNews

Tags:

Are you in a seller’s market or a buyer’s market? Take Inman’s quiz

Are homebuyers asking for concessions? Are bidding wars ubiquitous in your market? Answer a few simple questions to determine if your area favors homebuyers or sellers this spring.

Copyright

© inmanNews

Tags:

‘AI terrifies me’: Tips for Realtors on how to avoid the new tech’s pitfalls

At NAR's midyear conference, Senior Counsel Chloe Hecht offered best practices to help navigate artificial intelligence without running afoul of copyright law or the Realtor Code of Ethics.

Copyright

© inmanNews

Tags:

The markets real estate investors are fleeing amid the housing slump

Despite economic turmoil, investors large and small are still a force to be reckoned with in the housing market. Intel broke down the cities they've soured on — and the ones they just can't quit.

Copyright

© inmanNews

Tags:

Zillow 3.0: Is it working?

Zillow’s path forward depends on its ability to capture more leads, further monetize those leads and attach ancillary services like mortgage.

Copyright

© inmanNews

Tags:

Mike DelPrete breaks down iBuyer Opendoor’s effort to right the ship

The dominant iBuyer has taken extraordinary steps to survive this period of upheaval, writes real estate analyst Mike DelPrete, who dug deeper into last week's Q1 earnings exclusively for Intel.

Copyright

© inmanNews

Tags:

Buyer leads from mortgage lenders: Take ’em or leave ’em?

In this week's Pulse, let us know whether cultivating referral partnerships with lenders results in reliable, meaningful leads.

Copyright

© inmanNews

Tags:

8 tips for preparing your first real estate agent business plan

Preparing your first real estate agent business plan takes time, effort and research. Thankfully, it doesn’t have to be long or complicated, just specific enough to outline what you want to accomplish. A well-prepared business plan will help you set a clear direction, stay focused and increase your chances of success.

Copyright

© inmanNews

Tags:

How to answer buyers’ top 10 most-asked mortgage questions

Agents should be prepared to answer their buyer's mortgage questions, including types of mortgages, lender guidelines, preapproval vs. prequalification and the closing process in the area.

Copyright

© inmanNews

Tags:

Overspending? Here’s how real estate agents can rein it in

Overspending is a significant challenge that almost every real estate agent has to face. However, with the right strategies and practices in place, you can rein in your spending and significantly grow your profits.

Copyright

© inmanNews

Tags:

Matterport Q1 revenue jumps as subscribers unexpectedly grow

On a quarterly earnings call Tuesday, Matterport told shareholders, analysts and media attendees that total revenue for the first quarter of 2023 was $38 million, a 33 percent increase from quarter one last year.

Copyright

© inmanNews

Tags:

Blend trims Q1 loss as $37.3M in revenue beats guidance

While the mortgage industry has been shrinking, Blend says it has been building its market share, processing 23.2 percent of mortgages originated in H2 2022.

Copyright

© inmanNews

Tags:

NAR chief economist: ‘The Fed made a mistake’

At the Realtors Legislative Meetings' Residential Economic Issues and Trends Forum, Lawrence Yun predicted total home sales would bottom out this year before ticking up in 2024.

Copyright

© inmanNews

Tags:

Compass revenue drops in Q1, but losses continue improvement

The brokerage brought in a total of $957 million in revenue and lost $150 million. The results are something of a repeat from the fourth quarter of 2022.

Copyright

© inmanNews

Tags:

Airbnb posts first profitable Q1 as revenue climbs to $1.8B

The short-term rental platform has doubled in size since the start of the pandemic as the number of rentable homes increased by 18 percent from last year, according to earnings data released Tuesday.

Copyright

© inmanNews

Tags:

Realty One Group hires David Romero as VP of Growth

A prominent figure in Southern California real estate for three decades, Romero will help lead Realty One Group's continued expansion.

Copyright

© inmanNews

Tags:

Big Purple Dot launches recruiting tool for mortgage lenders

BPD Recruit taps CoreLogic data to let lenders see who their competitors' most productive loan officers are, then automates the process of luring them away.

Copyright

© inmanNews

Tags:

Miami Beach formally recognizes Pacaso’s co-ownership model

Miami Beach officials passed an ordinance that approves co-ownership but requires the presence of a local property manager as well as adherence to a code of conduct, it was announced in April.

Copyright

© inmanNews

Tags:
LikeRE Logo