RIS Media

APRIL 28, 2023

Profit margins on median-priced single-family home and condo sales decreased from 48.7% in Q4 2022 to 44.2% in Q1 2023 as home prices stayed flat or kept declining around most of the nation, according to a new report from ATTOM. ATTOM’s Q1 2023 Home Sales Report found that the drop-off in typical profit margins marked… The post Home Sellers Experience Further Profit Declines in Q1 2023 appeared first on RISMedia.

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Sales Industrial Agents Marketing 98

Housing Wire

APRIL 28, 2023

Mortgage tech company Blend incurred a whopping $769 million loss in 2022, leading some mortgage tech analysts to question the company’s runway and survivability. Nima Ghamsari, CEO and co-founder of Blend, acknowledged that the company was focused on “too many things” a year ago. But Blend is now focused on cutting costs, growing its mortgage business and its Blend Builder platform – which Ghamsari noted will be the future platform of mortgages and consumer banking products.

Mortgages 374

Mortgages Banks As-is Equity 374

Real Estate News

APRIL 28, 2023

A new trends survey found that while most buyers still have trouble finding homes that fit their budget, more are optimistic about their chances.

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Housing Wire

APRIL 28, 2023

Like its other Big Four counterparts , the first quarter of 2023 did not produce great financial results for Old Republic. “As we started adjusting to the normal seasonal real estate markets , or which the first quarter has traditionally been the slowest, the continual rapid rise of interest rates couple with tight inventory certainly contributed to the softer market,” Carolyn Monroe, the president of the firm’s title segment, told investors and analyst’s during Old Republics first-quarter earni

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Title Commercial Residential Investor 345

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Agents

Real Estate News

APRIL 28, 2023

Expanding homeownership remains a crucial task, says Dr. Lisa Sturtevant, as the White-Black homeownership gap is even wider now than it was in 1970.

Marketing 220

Marketing As-is 220

Housing Wire

APRIL 28, 2023

Digital lending solutions provider DocMagic announced this week that it has added ADA-compliant mortgage loan documents to its document library. The new digital documents are accessible to visually impaired users and others with disabilities, unlocking opportunities for these consumers into the broader mortgage market. “Much of modern lending technology is designed to give consumers the convenience to access loan documents in the ways that work best for them.

Loans 336

Loans Lending Technology Design 336

Sotheby's International Real Estate

APRIL 28, 2023

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Los Angeles, California | Sotheby’s International Realty – Pacific Palisades Brokerage Carol Burnett, the iconic comedian and actress, has sold her longtime Los Angeles home for $3.7 million. Carol Burnett’s Longtime Los Angeles Home Sells for $3.7 Million – The Wall Street Journal Five of the World’s Best Homes for Sale with Landscaped Gardens – Financial Times Custom-Built Colonial in

Brokerage 139

Brokerage Sales Marketing 139

Inman

APRIL 28, 2023

Although median home price growth has slowed from its once-maniacal pace, purchasing a home is still an expensive feat as existing-home prices reached $375,700 in March. Inflation and elevated mortgage rates have created additional financial pressure and placed homebuyers on precarious hunts for affordable homes — even if they have to switch their area codes.

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Brokerage Sales Mortgages As-is 161

RIS Media

APRIL 28, 2023

VA loans can look very attractive if you are a veteran or in the military. They are a popular choice for eligible homebuyers with no down payment requirement and better interest rates. Despite offering good terms, they might not be the best option for everyone. Buyers need to know that VA loans have property condition… The post The Pros and Cons of VA Loans appeared first on RISMedia.

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VA loan Loans Industrial Agents 126

Inman

APRIL 28, 2023

As uncomfortable as New York City's rent hikes feel to many tenants now, they don't compare to the soaring prices of Singapore's prime rental market, The Wall Street Journal reported.

Marketing 156

Marketing 156

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

Eye on Housing

APRIL 28, 2023

Relatively lower interest rates (compared to fall 2022), slowing growth in home prices, and builder incentives are making an impact on buyers’ affordability expectations. In the first quarter of 2023, 73% of buyers reported being able to afford less than half the homes for-sale in their markets, down from a record high of 87% in the final quarter of 2022. .

Sales 122

Sales Marketing 122

Inman

APRIL 28, 2023

While homeowners are staying put out of reluctance to lock in higher mortgage rates, the few homes on the market are drawing competition, according to a report released Friday by Redfin.

Mortgages 154

Mortgages Marketing 154

Eye on Housing

APRIL 28, 2023

The most recent data release from the Bureau of Economic Analysis (BEA) showed that personal income increased 0.3% in March. The pace of personal income growth slowed after reaching a 0.8% monthly gain in October. Gains in personal income are largely driven by increases in compensation, personal income receipts on assets, and rental income. Real disposable income, income remaining after.

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Inman

APRIL 28, 2023

Adana Leonard and Tommy Kanarellis — who's returning to Compass after a stint at Douglas Elliman — focus on luxury listings and join the brokerage amid fierce competition for top agents.

Agents 153

Agents Brokerage Industrial 153

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Sales

RIS Media

APRIL 28, 2023

AI and the residential real estate ecosystem Most of the recent excitement over Artificial Intelligence has centered on generative AI, or more specifically, the ability of a chat bot to generate informed responses to complex inputs. While AI’s capabilities have an obvious potential for automatically generating property descriptions and marketing content, improving ad targeting, and… The post How Artificial Intelligence Will Change Real Estate: Should We Brace for Impact or Embrace It?

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Residential Marketing Development MLS 111

Inman

APRIL 28, 2023

Judge Thomas Zilly denied Zillow's motion for a protective order, saying CEO Rich Barton must complete three hours of questioning from REX's counsel about the company's "Project Bookshelf.

Brokerage 149

Brokerage Industrial 149

RIS Media

APRIL 28, 2023

In February, RISMedia named more than 300 real estate professionals as 2023 Real Estate Newsmakers. Each of these individuals—separated into six categories—was either nominated by you, the RISMedia reader, or chosen by our editors. RISMedia Newsmakers also made newsworthy contributions within their own communities or the industry as a whole and have dedicated their lives… The post RISMedia’s 2023 Real Estate Newsmakers: Meet the Crusaders appeared first on RISMedia.

Industrial 103

Industrial Agents 103

Inman

APRIL 28, 2023

The chief real estate officer at OJO also believes teams will continue to get bigger, and that new agents will be willing to trade money for opportunity.

Brokerage 156

Brokerage Agents Technology 156

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

APRIL 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. The 30-year fixed mortgage rate climbed modestly, according to the latest Primary Mortgage Market Survey® from Freddie Mac. The index shows that mortgage rates hit 6.43% this week, marking the second consecutive week of increases.… The post Mortgage Mix: Higher Mortgage Fees for Good Credit as Rates Rise appeared first on RISMedia.

Mortgages 103

Mortgages Industrial As-is Marketing 103

Inman

APRIL 28, 2023

The "State of Real Estate Marketing" report released on Friday by Luxury Presence and Sell It Like Serhant surveyed over 1,000 luxury real estate agents to gain insights into agents' plans for marketing in 2023 and best practices.

Marketing 144

Marketing Agents Brokerage 144

RIS Media

APRIL 28, 2023

More leadership shakeups are taking place at Anywhere Real Estate. The real estate giant announced that industry icon Sherry Chris is retiring from her role as president and CEO of the Anywhere Expansion Brands portfolio. The real estate giant, formerly Realogy Holdings Corp., announced Thursday that Chris would be exiting her role at the helm… The post Sherry Chris to Retire From Anywhere Expansion Brands and Embrace the ‘Next Chapter’ appeared first on RISMedia.

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Branding Industrial As-is Agents 103

Inman

APRIL 28, 2023

Billings, Montana, real estate agent Alyssa Webb was taking a cellphone video of the vacant home during a tour with clients when she turned a corner and came face to face with the vagrant.

Agents 143

Agents Technology Marketing 143

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

Coldwell Banker

APRIL 28, 2023

Extra, extra! Read the Top 10 news items that ran in April about Coldwell Banker and its stellar agents. This is just a sampling of the 1,000+ mentions that occur every month. The post Top 10 Coldwell Banker Stories of the Month – April 2023 appeared first on Coldwell Banker Blue Matter.

Agents 100

Agents 100

Inman

APRIL 28, 2023

To launder the funds, the U.S. Attorney's Office says Rendon enrolled with a payroll processor to issue fraudulent checks to herself, friends and family. The agent faces up to 20 years in prison if convicted, though the government is reportedly recommending her sentence be reduced.

Agents 142

Agents 142

Bigger Pockets

APRIL 28, 2023

How important is the real estate market you’re investing in? You could be searching for deals for months, not finding anything worth buying, and may want to call it quits.

Marketing 100

Marketing 100

Inman

APRIL 28, 2023

Inman asked chatbots and image generators to mimic human-made content, much of it from Inman's news coverage earlier this week. How many readers can see the difference?

Technology 146

Technology 146

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Agents

RIS Media

APRIL 28, 2023

Editor’s Note: RISMedia recently released its 2023 Top 1,000 Power Brokers, exclusively for RISMedia Premier Members. In this special interview series, we talk to some of our top-ranking brokers to garner their insights and strategies for sustaining their firms’ success. For more information, click here. For HomeSmart Founder and CEO Matt Widdows, the shifting market… The post The Power Broker Interview: Matt Widdows Warns That the Market Could ‘Change on a Dime’ appeare

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Marketing Industrial Agents 98

Inman

APRIL 28, 2023

Environment is everything when it comes to productivity and optimal outcomes, writes team leader Carl Medford. Here's how to create one that's conducive to success.

Agents 146

Agents 146

RIS Media

APRIL 28, 2023

In an effort to honor real estate agents who are new to the business yet achieving extraordinary results, RISMedia has opened nominations for its second annual Real Estate Rookie of the Year award, sponsored by industry education leader, Colibri Real Estate. The deadline to nominate an agent to become the 2023 Real Estate Rookie of… The post RISMedia Now Accepting Nominations for 2023 Real Estate Rookie of the Year Award appeared first on RISMedia.

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Industrial Agents 98

Inman

APRIL 28, 2023

Burnett purchased the 2,800-square-foot 13th-floor unit for $1.26 million in 2002, and renovated it with husband Brian Miller in 2011. The property sold five days before her birthday, according to Zillow.

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Renovation 132

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