Who is Freddie Mac Today?-NAWRB Conference 2018

Often in the industry, when we think of the forty-eight-year-old Government Sponsored Entity The Federal Home Loan Mortgage Corporation, otherwise known as Freddie Mac, we think: “I’d love to be an REO broker with them” or “I’d love to be in a vendor relationship with them.” However, as we discovered in our “Who is Freddie Mac Today?” presentation, the GSE is way more than meets the eye, staying on the young side of forty-eight with an eye toward innovation and staying current.   Continue reading

2018 Live Conference Updates: OMWI/Procuring Contracts

Procuring contracts may not sound the most glamorous of topics, however, this panel was not only information-packed but all of our speakers from government and local agencies made themselves incredibly accessible to our attendees. Continue reading

Real Estate Agent, Or Treasure Hunter?

Uncovering a home’s story is the best part of the job

A recent story making the headlines sparked our imaginations. While not directly relating to real estate and housing, its premise is familiar to anyone who has discovered long-lost memories within an older home.

A Georgia woman walked into her local Goodwill and noticed a vintage slide projector. She opens it up upon purchasing, and in the course of doing so, is taken back in time; pulled into the world of a family from another era.

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Has the Role of Women in Business Made Progress?

During 2017, there was a noticeable increase of women’s leadership conferences held across the country and the world. At these conferences, women participated in dialogues regarding business strategies and discussed mutual professional challenges. Thus, while 2017 was a year in which women made strides, what was the path leading up to this movement toward professional growth? Specifically, are women in the industries of real estate and technology ready for change?

History
Women first became involved in the real estate industry as brokers and agents in the late 1800s and became well accepted as real estate professionals due to, if nothing else, the sheer number of women involved in the industry. Today women hold the majority of residential real estate positions, but men still maintain most executive positions. In the commercial real estate market, men dominate the profession.

A 2016 Current Population Survey conducted by the U.S. Bureau of Labor Statistics found that women working in the real estate industry earn only 64 percent of a man’s annual average salary. While women have advanced in the residential real estate industry, they can still make strides by bridging the pay gap, gaining equal leadership positions and increasing sales in commercial real estate.

Compare this to women in technology. In the past thirty years, relatively few women have developed careers in technology fields, let alone high tech fields. In fact, according to the National Center for Women and Information Technology’s (NCWIT) 2016 Women in Tech Report, the peak of women’s involvement in technology occupations, such as computing industry careers, was in 1991 when women held 36 percent of computing jobs. Women’s involvement has never since reached this percentage, but as the world becomes increasingly reliant on technology, more women will likely enter the field.

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“Climate Gentrification” across the U.S.

First published in research by Jesse M. Keenan, an Urban Development and Climate Adaptation researcher at Harvard’s Graduate School of Design, the term “climate gentrification” refers to climate change’s role in reshaping real estate markets. As with urban gentrification, these climate-driven shifts could potentially displace millions of residents in cities around the country.

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Existing Home Sales Increase 5.6 Percent in November

According to the National Association of Realtors® (NAR), the sale of existing homes increased for the third straight month in November, reaching the strongest pace in over a decade. The West was the only major region to not experience a surge in buying activity last month. Total existing home sales—completed transactions of single-family homes, townhomes, condominiums and co-ops—increased 5.6 percent to a seasonally adjusted annual rate of 5.81 million in November.

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Fannie and Freddie Freeze Evictions for the Holidays

Fannie Mae and Freddie Mac have both announced holiday eviction moratoriums, meaning that the entities will enact a hold on evictions during the holiday season. For Fannie, the suspension of evictions applies to single-family and 2-4 unit properties from December 18, 2017 through January 2, 2018. At Freddie, the suspension of eviction lock-outs will span the same time period as Fannie and apply to all foreclosed, occupied homes the company owns.

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mpowering you MBA’s Summit for Women in Real Estate Finance

Nothing says inspiring like 340 women in the real estate finance industry joining together at mPowering You! On October 21st in Denver, Colorado, the Mortgage Bankers Association (MBA) presented mPowering You, an event that will go down in history for this powerful and great organization. “It has never happened at the MBA in our 104-year history,” stated Marcia Davies, COO of MBA. “It’s time to be empowered.”

The conversations and ideas generated within this space fostered networking and powerful narratives, and assisted in the creation of decisive branding and career advancements. Featuring sessions like Know and Grow Your Value and Gender and Generations: Driving New Forms of Leadership, the summit strengthened and showcased the value and power of women.

Attendees heard from successful women in the industry, including Mika Brzezinski, New York Times Best-Selling Author and Co-Host of MSNBC’s Morning Joe, and Ruth Sherman, Executive Speech Coach & Celebrity Media Trainer, who shared the importance of women knowing their value, mastering their message, owning each moment and unleashing their potential.
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Women’s Advancement in Real Estate: An Interview with Sara Sutachan

What was the inspiration behind WomanUP!? What motivated you to become involved in the women’s movement?

I’ve actually always been a feminist. My mom is a single mom—my dad has always been around—but my mom was a really strong independent woman and she’s my role model. I came to work for the California Association of Realtors® (CAR) and had another amazing role model in Leslie Appleton-Young. I’ve always been attracted to follow strong women, and read books and articles about the women’s movement and the gender gap.

In my role at CAR, I oversee the industry and broker relations, and part of that is interacting and building relationships with the brokerage community and meeting with them on a regular basis. As I met with CEOs and some of the largest brokerage firms in California, I always wanted a balanced room. What I found was that I was hard-pressed to find that balance because the people who led the larger brokerage firms tended to be male.

I’d been noticing this, and even if it wasn’t a large firm, I would make sure women sat at the table. I thought to myself, “This is crazy. We should do something about this.” I couldn’t really drive it home until I got a call from Gretchen Pearson; she was going to speak at a women’s event and said, “I want to know data. Do you have any data on women leaders?” We really didn’t at that point. I had my own personal experience with not finding those women on the rosters, so then we dug into the data. I had my staff look at the largest brokerage firms in California and Google which leaderswere men and which were women. We found that 36 percent of firms were either run by women or had women at the C-level or in management at the top California brokerage firms with over 100 agents. We analyzed a list of approximately 200 of these firms.
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