Higher interest rates in recent weeks have made a dent in housing activity, bringing down mortgage demand. Mortgage applications decreased by 5.6% on a seasonally adjusted basis during the week ending Feb. 23, according to the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey. “Higher rates in recent weeks have stalled activity, and last week […]
United Wholesale Mortgage (UWM) ended 2023 as the top U.S. mortgage company, with more than $108 billion in home loans produced in the period, a record purchase volume and increased margins. It was not enough to make its parent company UWM Holdings Corp. financially profitable, which the company attributed to mortgage servicing rights (MSR) markdowns. […]
It’s no secret that homeowners search online to find a listing agent who can sell their home quickly and for top dollar. But what if you could find them first? What if you could target the right prospects, at the right moment using data? If you’re an agent, team or brokerage looking to keep a […]
Less than 24 hours after announcing Nick Bailey’s departure from the firm, RE/MAX executives found themselves on a call with investors and analysts to discuss
For many real estate agents, a logical step on their path of professional development is becoming a real estate broker, then working as either a
Revenue rose at eXp World Holdings during the fourth quarter of 2023, but the firm was unable to overcome a slow housing market, resulting in
We got a great existing home sales report on Thursday, but is this data already too old? Existing home sales showed a jump in sales,
Technology is at the core of everyday real estate operations. However, recent data breaches involving major players like loanDepot, First American Financial, and others have
Late last year, the U.S. Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) announced the launch of an inquiry into
The year 2024 has started with cautious optimism that mortgage rates will drop, sparking much-needed activity in the sluggish U.S. housing market. Mortgage rates, however, have been on a rising trend of late. Recent data shows that the economy is booming, while the Federal Reserve is signaling that it will
Less than 24 hours after announcing Nick Bailey’s departure from the firm, RE/MAX executives found themselves on a call with investors and analysts to discuss the company’s fourth-quarter and full year 2023 earnings. In his opening remarks, Erik Carlson, who was named CEO of RE/MAX Holdings in November, mentioned the
For many real estate agents, a logical step on their path of professional development is becoming a real estate broker, then working as either a managing broker or a broker-owner. However, unlike other industries where promotion to the management level is generally tied to additional income, some brokers find themselves
Revenue rose at eXp World Holdings during the fourth quarter of 2023, but the firm was unable to overcome a slow housing market, resulting in a $21 million loss and slower agent count growth. Revenue at the parent company of eXp Realty was up 5% year-over-year to $983 million during
We got a great existing home sales report on Thursday, but is this data already too old? Existing home sales showed a jump in sales, which was anticipated by most as we had positive, forward-looking housing data due to mortgage rates falling from 8.03% to 6.63%. However, the last four
Technology is at the core of everyday real estate operations. However, recent data breaches involving major players like loanDepot, First American Financial, and others have shed light on the vulnerability of sensitive information within the industry. Many personal dreams and aspirations take shape in our industry, so safeguarding information is essential. Real