RISMedia

JULY 28, 2023

By Dixie Somers Congratulations on deciding to buy your first home! This is an exciting time in your life, and the process of buying your first home can be both daunting and rewarding. As a first-time home buyer, there are several things you need to keep in mind to ensure that you make the most […] The post Looking to Buy Your First Home? 5 Savvy Tips to Help You Secure a Deal appeared first on RISMedia's Housecall.

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Housing Wire

JULY 28, 2023

High mortgages and stubbornly elevated home prices are worsening the housing affordability crisis. A first-time homebuyer must earn roughly $64,500 per year to afford the typical U.S. “starter” home, up 13% from a year ago, according to a new report from Redfin. In June, the typical starter home sold for a record $243,000, up 2.1% from a year earlier and up more than 45% from before the pandemic.

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Investor Mortgages Finance Sales 370

Real Estate News

JULY 28, 2023

The system of sellers funding commissions, which are then shared between seller and buyer agents, goes back more than 100 years. Is it time for a change?

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Agents 240

Housing Wire

JULY 28, 2023

Mauricio Umansky ‘s residential brokerage The Agency is venturing into core services. Through partnerships with Bubble Insurance Solutions and New American Funding , real estate agents at The Agency will have access to mortgage lending services and insurance services for their clients. With Bubble Insurance Services, The Agency is launching its own affiliate insurance service, Agencia Insurance Solutions , which will serve new and past The Agency clients in California and Arizona.

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Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

Agents

Real Estate News

JULY 28, 2023

Nashville tops the list of cities with "just right" homes with ample square footage and big yards near urban centers.

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Banks 241

Housing Wire

JULY 28, 2023

The importance of giving back to the community has never been more crucial or weighted with as much importance by the business world as right now. Real estate agents and business leaders play a pivotal role in improving the cities in which they operate, making community service an essential value to their professions. Not only does community service foster connection and belonging in the communities that agents serve, but it can also further develop and challenge agents to grow professionally an

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Housing Wire

JULY 28, 2023

The personal consumption expenditures price index excluding food and energy increased just 0.2% in June from the previous month, the Commerce Department said Friday. On a year-to-year basis, the core PCE rose 4.1%, the slowest annual rate since September 2021. It marked a decrease from the 4.6% annual pace in May. Headline PCE inflation including food and energy costs also increased 0.2% on the month and rose 3% on an annual basis.

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Marketing 347

Inman

JULY 28, 2023

Bryan Knisley previously ran his own brokerage and completed stints at RE/MAX and Keller Williams. He's bringing 27 agents with him to eXp, according to the company.

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Agents Brokerage 148

Housing Wire

JULY 28, 2023

Like its big four counterparts First American and Old Republic, Stewart , the smallest of the four largest title underwriters , still managed to turn a profit despite challenging housing market conditions. “Our second quarter improved sequentially to the first quarter,” David Hisey, Stewart’s CFO, told investors and analysts on the firm’s second quarter 2023 earnings call Thursday morning.

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Inman

JULY 28, 2023

The annual paycheck for a first-time homebuyer is roughly $64,500 to afford the typical U.S. "starter" home in 2023 — up 13 percent from a year ago, according to a report from Redfin.

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Marketing 141

Advertiser: Trellis

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

Loans

Housing Wire

JULY 28, 2023

Despite recording stronger financial results during the second quarter of 2023 than the first, executives at both First American Financial and Old Republic did their fair share of bellyaching over current housing market conditions during their firms’ Q2 2023 earnings calls on Thursday. “We posted good results in the second quarter given the continuing market headwinds ,” Ken DeGiorgio, the CEO of First American , told investors and analyst’s during the firm’s second quarter earnings call.

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Inman

JULY 28, 2023

Inspired by this summer's hottest TikTok dating trend, trainer Rachael Hite breaks communication down into three simple steps to start seeing results in your frosty pipeline.

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Agents Marketing 140

Housing Wire

JULY 28, 2023

Ex-workers took action in a New York court this week to ensure that a $3.5 million settlement with Sprout Mortgage for unpaid wages goes through. It follows a request from the shuttered lender to halt the agreement due to an involuntary bankruptcy petition filed by three creditors. New Wave Lending Group , JMJ Financial Group and EF Mortgage filed on July 5 an involuntary petition against Sprout under Chapter 7 of the Bankruptcy Code in a New York court, claiming the lender owes $1.3

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Inman

JULY 28, 2023

Droves of people have flocked to Texas for new jobs, tax and affordability purposes, and political reasons, and the demand from this new class of wealthy buyers is stretching the state's luxury inventory thin.

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Marketing Development 137

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Navigated 360° tours, like YourVRTours, advance pipelines by engaging clients further along the sales funnel. These immersive experiences provide comprehensive property insights, increasing buyer intent and readiness. By embracing navigated tours, agents can optimize property exposure, better qualify leads, and streamline the sales process. Stay ahead in the ever-evolving real estate landscape with innovative technology that elevates buyer journeys and progresses pipelines more effectively.

Sales

RIS Media

JULY 28, 2023

In the wake of the Federal Reserve ending its short-lived “pause” on rate hikes, the latest personal consumption expenditure (PCE) index—the Fed’s preferred inflation measurement—has shown continued cooling. The Commerce Department announced Friday that PCE inflation rose 3% in June from a year earlier, down from May’s reading of 3.8%. Core prices—everything except volatile food… The post Consumer Spending Data Provides Further Signs of Cooling Inflation appeared first on RISMedia.

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Inman

JULY 28, 2023

With an influx of tech and entertainment giants like Tesla and Universal Studios, not to mention a rising tide of millennial buyers, Texas is bursting at the seams as agents rush to find new listings.

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Agents As-is Marketing 135

BubbleInfo

JULY 28, 2023

Because there are pending class-action lawsuits that intend to “decouple” the commissions, home buyers will soon be paying their buyer-agent directly for their services.

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Agents 98

Inman

JULY 28, 2023

Starwood Capital Group Chairman and billionaire real estate investor Barry Sternlicht claims Fed inaction has all but ensured a recession is on the way. "Nobody wants to sell anything today," he said.

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Investor Marketing 126

Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty

Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.

Agents

RIS Media

JULY 28, 2023

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. According to the latest Primary Mortgage Market Survey® from Freddie Mac, released July 27, 2023, the 30-year fixed-rate mortgage (FRM) sits at 6.81% (rising slightly from 6.78% the week prior). The 15-year FRM currently stands… The post Mortgage Mix: Current Rates and Affordability Challenges Keep Buyers on the Sidelines appeared first on RI

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Fixed-rate mortgage Mortgages Industrial Marketing 98

Inman

JULY 28, 2023

Former Keller Williams NYC market center owners Ilan Bracha and Heim Binstock's battle for their 377 Broadway office is officially over as a new owner snapped it up at an auction for $11.3 million. The office went into foreclosure in 2018 after the duo broke their re-fi loan terms, according to a report.

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Loans As-is Marketing Brokerage 125

Eye on Housing

JULY 28, 2023

After a reprieve in the first quarter of 2023, buyers’ outlook for housing affordability turned bleaker again in the second quarter. According to the latest Housing Trends Report, 76% of buyers are able to afford less than half the homes for-sale in their markets, up from 73% in the first quarter of 2023. On the flip side, the share able.

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Sales Marketing 98

Inman

JULY 28, 2023

Watch this week's Inman Access classes to learn how to take your business to the next level on your own timeline and discover communication strategies to better position your value.

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Marketing Agents 119

Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.

Agents

RIS Media

JULY 28, 2023

Artificial intelligence is now part of our everyday lexicon, but remember, when we say AI, we’re talking about software—intelligent algorithms that learn and adapt within the framework developers allow. It’s not “artificial,” simply a powerful tool created by human hands. AI falls into two broad categories. One examines behaviors and traits, adjusting its actions as… The post AI in Real Estate: Risks, Rewards and the Rapid Revolution Ahead appeared first on RISMedia.

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Inman

JULY 28, 2023

On today's Download, check out Compass' new tracker tool, then check out some of our best recent advice on keeping those past clients percolating through your pipeline.

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Brokerage Agents Marketing 121

RIS Media

JULY 28, 2023

Brown Harris Stevens CEO Bess Freedman put it perfectly when describing what it takes to be a REALTOR®, especially these days. “You only eat what you kill,” she said succinctly, and that pretty much sums it up. It’s a residential real estate jungle out there. If you can’t complete the journey that starts with handing… The post Op-Ed: The REALTOR® Reality – Only (or Mostly) the Strong Survive appeared first on RISMedia.

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Residential Industrial Agents 97

Inman

JULY 28, 2023

Representation matters when marketing to the 26 percent of people with disabilities. In part four of her series, Rachael Hite looks at ways to make your marketing more meaningful.

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Marketing Agents 115

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Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.

Agents

Eye on Housing

JULY 28, 2023

The most recent data release from the Bureau of Economic Analysis (BEA) showed that personal income increased 0.3% in June. The pace of personal income growth slowed after reaching a 0.7% monthly gain in January 2023. Gains in personal income are largely driven by increases in wages and salaries.

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Inman

JULY 28, 2023

Worried about recruiting and retention? Your agents hold the key to your brokerage’s success, and you hold the key to theirs through exceptional marketing, Doora Creative Director Janet Pozos writes.

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Agents Marketing Design Brokerage 116

Bigger Pockets

JULY 28, 2023

The insurance industry was upended by the Internet, like many other industries. The key issue is that without agents who can guide you through coverage options for certain properties, you're left to your own devices. That can become an issue quickly.

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Inman

JULY 28, 2023

Driven in part by the popularity of the television series "Yellowstone," this area has experienced a surge of interest from high-net-worth-clients. Broker and real estate educator Robyn Erlenbush outlines the upside and the challenges of this luxury market.

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Marketing Brokerage Agents 116

Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty

The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.

Sales