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Realtor income rose by double digits in 2021, says NAR’s Member Profile – Inman

BrokerOwner.net July 29, 2022

Realtor income rose by double digits in 2021, says NAR’s Member Profile … grew 25.3% last year, but the increase was smaller for sales agents.

BERKSHIRES REAL ESTATE MARKET WATCH – 2nd quarter 2022, January-June sales …

BrokerOwner.net July 29, 2022

Berkshire real estate sales surged in 2021 during COVID, and the market in all regions and property types is beginning to slow from that frenetic …

Quantum Real Estate Advisors brokers $8.3 million sale of 14,820 s/f Walgreens : NEREJ

BrokerOwner.net July 29, 2022

The seller was a Midwest-based real estate investment trust. “Strong sales and the proximity of the purchaser to the property were the drivers behind …

Tri-state deals: NJ industrial portfolio sale, multifamily deal in Westchester – The Real Deal

BrokerOwner.net July 29, 2022

MT Freehold BPD acquired a six-building industrial portfolio in Freehold, New Jersey, for $15.2 million, Real Estate Weekly reported.

Join us at the Marketing Leaders Success Summit at HousingWire Annual on Oct. 3rd

BrokerOwner.net July 28, 2022

Marketers are often the most creative and influential marketing minds in the housing economy. Over the last few years, they’ve proved over and over again just how important and strategic their role is when it comes to being agile in times of uncertainty, filling the sales funnel, leading strategic brand

More than ever, lender profitability requires maintaining pace with innovation

BrokerOwner.net July 28, 2022

Lenders continue to face tightening profit margins as interest rates stay substantially higher than they were last year. In light of this, HousingWire recently caught up with Teraverde Chief Technology & Innovation Officer Rob Peterson to learn more about the key to lender profitability in today’s lending environment. HousingWire: As

Treasury Department expands funding options for affordable housing

BrokerOwner.net July 28, 2022

The U.S. Treasury Department has issued new guidance empowering state, local and tribal governments to direct more of the funding appropriated under the American Rescue Plan Act of 2021 toward affordable-housing investments. The $350 billion American Rescue Plan (ARP) includes a range of aid focused on reducing hardships that individuals,

Spirits remain high as income drops at Old Republic

BrokerOwner.net July 28, 2022

Despite drops in revenue and income in the second quarter, Old Republic International Corp. executives remained positive during their earnings call with investors Thursday afternoon. “While we are reporting decreases in revenue and pretax operating income for this quarter, it is important to keep in perspective that these comparisons are

UWM rolls out another jumbo ARM product

BrokerOwner.net July 28, 2022

United Wholesale Mortgage (UWM) rolled out a new adjustable-rate mortgage (ARM) product for jumbo loans in an effort to provide brokers more options in a highly competitive mortgage origination market. UWM’s Prime Jumbo Max pricing offers a seven- or 10-year ARM with a rate/term and cash-out refi for a maximum

Freddie Mac reports net income of $2.5B in Q2 2022

BrokerOwner.net July 28, 2022

Freddie Mac’s net income for the second quarter slipped to $2.5 billion, a 33% year-over-year decline, as it grapples with the mortgage sector’s vulnerability to fluctuations in interest rates. Freddie Mac’s net income for the year so far has decreased to $6.3 billion compared to $6.4 billion in 2021. But

Stewart and First American grapple with drops in title orders

BrokerOwner.net July 28, 2022

“Big Four” title insurers Stewart Information Services Corporation and First American Financial have maintained that they prepared diligently for a rising interest rate environment. Based on second quarter 2022 earnings, it appears – at least for now – their preparedness is paying off. Stewart recorded a total revenue for the quarter

U.S. House passes remote online notarization bill

BrokerOwner.net July 28, 2022

The U.S. House of Representatives passed a bill late Wednesday creating federal minimum standards, which would allow notaries nationwide to perform remote online notarizations. The legislation passed the House with a vote of 336-90. A key to advancing the universal adoption of fully electronic mortgages is the creation of remote