The Consumer Finance Protection Bureau (CFPB) last week finalized changes to address so-called “black holes” in the “Know Before You Owe” mortgage disclosure rule. The “black holes” created ambiguity about when lenders had to tell potential borrowers about closing costs. Changes to the 2015 rule — also called TILA-RESPA Integrated Disclosure, or TRID — are intended […]
Zillow may as well have declared war on iBuyers when it announced it would start buying and selling homes on its own. The intense competition between Zillow, Opendoor and OfferPad has agents paying close attention. Source: click here
We’ll add more market news briefs throughout the day. Check back to read the latest. Most recent market news Tuesday, May 1 Bankrate mortgage rates The average 30-year fixed-mortgage rate is 4.42 percent, a decrease of 5 basis points since the same time last week. A month ago, the average rate on a 30-year fixed […]
CoreLogic released its March Home Price Index and Forecast today, which showed a 7 percent year-over-year and 1.4 percent month-over-month increase in home prices. “Home prices grew briskly in the first quarter of 2018,” said CoreLogic Chief Economist Dr. Frank Nothaft in a statement. “High demand and limited supply have pushed home prices above where […]
Consumers can now use the Facebook Messenger tool to unearth sold data on more than 90 million properties thanks to an application programming interface (API) integration with Onboard Informatics. This allows potential sellers to perform their own quick and dirty comparative market analysis (CMA) … Source: click here
First-time homebuyers certainly present an interesting challenge for any real estate agent. They put all your skills to the test as you balance trying to close the sale, dishing out cautionary advice and sometimes saving your clients from themselves. Source: click here
When she’s not working with clients or writing about real estate, Maria Dampman is riding horses or managing the menagerie at Smiling Cat Farm, the animal rescue she owns and runs in Purcellville, Virginia. We reached out for her wisdom and insight as we continue our Lesson Learned series. Source: click here
When most real estate agents make business-related posts on their website or social media, they do so with the expectation that their site will attract customers for their business. Although the number of unique visitors to your site is important, creating a “sticky” site or post is one of the most powerful ways to build […]
I’m sure it’s happened to you. You show up at the office with the best intentions to make the most of your day. Yet hours later, you head home feeling like you didn’t accomplish one thing that will bring in the bucks. In this business, it’s way too easy to waste time on “busy work” […]
As the real estate industry continues to evolve, the importance and value of delivering an exceptional client experience has never been higher. Yet, every day seems to bring a new entrant to the market that claims to provide better, faster transactions — without the need for human touch. But real estate will always be deeply […]
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