Housing Wire
JULY 27, 2023
A top-notch team can be the difference between nailing your GCI goals and missing the mark entirely. Building a robust team of real estate agents isn’t just about attracting talent —it’s about appealing to the right talent. One of the most effective strategies for this is leveraging your own team’s success stories to generate inbound recruiting leads.
Keeping Current Matters
JULY 27, 2023
Even though the housing market is no longer experiencing the frenzy that was so characteristic of the last couple of years, it doesn’t mean today’s market is at a standstill.
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Housing Wire
JULY 27, 2023
When you think about a real estate team , you automatically think they must be more productive than individual agents, right? Not so fast. Clearly, over the last decade, teams have grown far faster than individual agents in terms of closed transactions. This is not unexpected, as teams have the ability to scale their business far easier and faster than an individual agent.
Real Estate News
JULY 27, 2023
The property management platform RentSpree is seeing an uptick in real estate agent customers as for-sale inventory remains limited.
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Housing Wire
JULY 27, 2023
After dropping slightly month over month in May , pending home sales ticked back up in June, rising 0.3%, according to data released Thursday by the National Association of Realtors (NAR). It contrasts with new home sales , which moderated in the same period (-2.5%). Year over year, pending home sales were down 15.6%, a smaller decrease than the 22.2% annual drop recorded in May.
Real Estate News
JULY 27, 2023
The 30-year fixed-rate mortgage rose to 6.81% this week as the Fed raised its benchmark rate to the highest level since 2001.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
JULY 27, 2023
The 0.3% gain is the first increase in four months, NAR reported, suggesting that “the housing recession is over.
Housing Wire
JULY 27, 2023
Mortgage rates rose slightly this week ahead of the Federal Reserve Open Markets Committee ‘s rate hike. The 25-basis point increase to the federal funds rate was widely anticipated and priced in by capital markets. Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.81% as of July 27, up from last week ’s 6.78%.
Inman
JULY 27, 2023
With 30 years of experience at some of the world's most recognizable brands, the newly-minted Better Homes and Gardens Real Estate president spoke to Inman about settling into her new role.
Housing Wire
JULY 27, 2023
Austin, Texas-based OJO promoted industry veteran Chris Heller to president while Jerimiah Taylor will move into the chief real estate officer role that Heller held. The moves come amid OJO’s continued growth in 2023, which the company attributes to is OJO Pro+ offering. Heller, who has held leadership roles at Keller Williams and loanDepot ‘s mellohome , will bring his decades of experience to the role of president.
Advertiser: Trellis
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Inman
JULY 27, 2023
Former Keller Williams CEO Chris Heller previously served as OJO's chief real estate officer. Jerimiah Taylor, formerly a vice president at OJO, will step into Heller's previous role, the company said.
Housing Wire
JULY 27, 2023
Multiple agencies across the federal government including the U.S. Department of Housing and Urban Development (HUD), the Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB) have all renewed their efforts to protect tenants renting in multifamily housing units as costs continue to climb, according to an announcement from the White House.
Inman
JULY 27, 2023
With the gross domestic product eclipsing expectations in 2Q, the US appears to have avoided a long-predicted recession, even as the real estate industry remains mired in a deep contraction.
Housing Wire
JULY 27, 2023
About two years after Better.com announced its plans to go public via special purpose acquisition company (SPAC) Aurora Acquisitions Corp. , the fate of Better.com’s journey to IPO will be decided next month. “Aurora shareholders will be asked to consider and vote upon a proposal (…) to approve and adopt the agreement and plan of merger dated as of May 10, 2021,” Aurora said in a filing with the Securities and Exchange Commission (SEC) on Monday.
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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.
Inman
JULY 27, 2023
As Chicago Mayor Brandon Johnson narrows in on a 2.65 percent tax on purchases of properties over $1 million, luxury agents in Los Angeles offered their advice to concerned Windy City agents.
Housing Wire
JULY 27, 2023
California-based Pennymac Financial Services increased its profits by 92% in the second quarter of 2023 from the prior quarter. Although the performance was propelled by its servicing portfolio – as occurred in previous quarters – mortgage production returned to profitability. The company reported on Thursday its net income came in at $58.3 million in Q2 2023, up from $30.4 million in Q1 2023 but down from $129.1 million in Q2 2022, per Securities and Exchange Commission (SEC) filings.
Inman
JULY 27, 2023
Homes under contract inched up 0.3 percent between May and June to a measure of 76.8 on the Pending Home Sales Index, according to data released Thursday by the National Association of Realtors.
RIS Media
JULY 27, 2023
When determining a property’s worth, two crucial terms come into play: assessed and market value. While they aim to estimate a property’s value, their purpose, methodology and significance differ. Understanding the distinction between these terms is essential for homeowners, buyers and sellers alike. We will delve into assessed value vs. market value and shed light… The post Decoding Assessed Value vs.
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.
Inman
JULY 27, 2023
An LA Realtor recently found himself in the hot seat after mistakenly texting Spelling-snark to Tori herself. Southern California broker Troy Palmquist shares what that mistake can teach you about how you communicate.
RIS Media
JULY 27, 2023
From left to right: Kymber Lovett-Menkiti, Christian Barnes, Drayton Saunders, Leo Pareja and Rick Haase. Editor’s note: The Power Broker Roundtable is brought to you by the National Association of REALTORSⓇ and Kymber Lovett-Menkiti, NAR’s broker relations liaison. Watch for this column each month, where we address broker issues, concerns and milestones.
Inman
JULY 27, 2023
In their first column on Inman, coaches Melanie Klein and Emily Bossert write, "Taking ownership and responsibility in a healthy way is the most powerful business edge you can develop right now.
RIS Media
JULY 27, 2023
Ask not what your agents can do for you—ask what you can do for your agents. While not nearly as high-profile or high-stakes as JFK’s 1961 call to civic action, flipping the service paradigm is just as essential in real estate as it is in the body politic. In 2023, brokerages are fast discovering that… The post Mike Pappas Shares Secrets to Supporting Top Agents at CEO Exchange appeared first on RISMedia.
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.
Inman
JULY 27, 2023
For the month of May, 2.6 percent of all mortgages in the U.S. were in some stage of delinquency, a 0.1 percent decrease from the levels seen a year before, according to data from CoreLogic.
RIS Media
JULY 27, 2023
For buyers’ agents wondering where all the listings are, or listing agents struggling to find clients, there is some potentially good news in the form of a Bright MLS survey released last week, with buyers returning to the market and current homeowners reaching a tipping point to list their homes. “I think we may have… The post Seller Shortage ‘Plateaus’ Ahead of ‘Unseasonable’ Fall Activity appeared first on RISMedia.
Inman
JULY 27, 2023
In their first column on Inman, coaches Melanie Klein and Emily Bossert write, "Taking ownership and responsibility in a healthy way is the most powerful business edge you can develop right now.
RIS Media
JULY 27, 2023
After declining every month since February, the forward-looking metric of pending home sales saw a slight uptick in June, rising a fractional 0.3% as markets appear to be rebalancing around higher interest rates and minimal price appreciation. Though the increase was small, the timing—right in the dog days of summer—is sparking some hope that real… The post Pending Sales Point Toward Potential Late-Year Rally appeared first on RISMedia.
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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.
Inman
JULY 27, 2023
As economic headwinds push native-born population and household formation growth down, Harvard researchers say immigrants hold the key to the housing market's future.
RIS Media
JULY 27, 2023
Editor’s Note: The Playbook is an RISMedia biweekly segment centering on what brokers and agents are doing to ensure they not only survive but thrive in these challenging times. Industry professionals explain the strategies they’re employing and unique ideas they’ve formulated. Tune in every other Thursday for another addition to the series. There’s a lot… The post THE PLAYBOOK: Strategies for a More Productive Consumer Consultation appeared first on RISMedia.
Inman
JULY 27, 2023
A drop in supply was enough to offset the drop in demand, sending prices up 2.6 percent in July. That's the biggest jump since November, according to Redfin.
RIS Media
JULY 27, 2023
REALTORS® don’t just help people fulfill their dreams of homeownership. They are active, engaged members of the community, making an immense, positive impact through volunteer work. In fact, REALTORS® volunteer at nearly three times the rate of the typical American. Sixty-seven percent report that they volunteer monthly in their communities. With deep connections, strong local… The post A Force for Good, REALTOR® Volunteers Build Community appeared first on RISMedia.
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.
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