Housing Wire
JULY 20, 2023
In the competitive world of real estate, effectively and consistently securing listings is the key to success. Whether new to the industry or a seasoned vet, it’s important to keep an open mind and innovate your strategies. By embracing different opportunities, agents can expand their chances of securing more listings and growing their business.
Real Estate News
JULY 20, 2023
The nation’s second-largest MLS says this move highlights the “complete flexibility” of Bright subscribers to have “transparent negotiations with clients.
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Housing Wire
JULY 20, 2023
Rocket Companies , the parent of Rocket Mortgage , offered another round of buyouts to its employees on Wednesday, a spokesperson confirmed to HousingWire. The buyout follows two rounds in 2022, in April and August, which resulted in a workforce reduction of about 30% last year. “Yesterday, we offered a voluntary career transition opportunity to several teams within the organization to better align resources with the needs of both our business and today’s mortgage market,” Mike
Real Estate News
JULY 20, 2023
The 30-year fixed-rate mortgage averaged 6.78% this week, down from nearly 7% a week before, suggesting that cooling inflation is having an effect.
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Housing Wire
JULY 20, 2023
Lenders point to cost-cutting as their top business priority amid the mortgage industry facing a number of challenges – including high home prices , tight inventory of homes available for sale and interest rate hikes. About 35% of the 253 mortgage executives that responded to Fannie Mae ’s mortgage lender sentiment survey (MLSS) said cost cutting was overall the most important factor in their business operations – ranking first for the second year in a row.
Real Estate News
JULY 20, 2023
NAR reported that existing home sales fell in June and dropped nearly 19% year-over-year. But median sale prices reached a near-record high.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
JULY 20, 2023
The latest ATTOM home sale report found that second-quarter profit margins rose for the first time in a year.
Housing Wire
JULY 20, 2023
Mortgage rates dropped to 6.78% this week, the biggest weekly decline since mid-March, as investors digested a raft of mixed incoming economic data. 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 6.78% as of July 20, down from last week ’s 6.96%.
Inman
JULY 20, 2023
The best thing you can do for the acceleration of your real estate team, Erin McCormick Torres writes, is to attract, hire and drive immediate production for like-minded recruits.
Housing Wire
JULY 20, 2023
The Community Home Lenders of America (CHLA) has compiled a new document it is calling the “consumer mortgage bill of rights,” based on a series of different actions and proposals it has made to companies and federal agencies including the Consumer Financial Protection Bureau (CFPB), the Federal Housing Administration (FHA), the Federal Housing Finance Agency (FHFA) and Intercontinental Exchange (ICE) since 2021.
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Inman
JULY 20, 2023
Deals with Capital Title of Texas and Near North Title Group follow the sale of 22 retail title locations and operations centers in California to Williston Financial Group in May.
Housing Wire
JULY 20, 2023
Real estate teams of all sizes continue to perform, according the Streamlined Quarterly Team Benchmarking Report, which looked at the financial performance of more than 200 teams across the nation. Steamlined, based in Arizona, has a roster of hundreds of U.S. real estate teams and individual agents as clients for their accounting and bookkeeping services.
Inman
JULY 20, 2023
The 2023 Inman Innovator Awards finalists range from true upstarts to established players, with each offering a new vision for real estate. Winners will be announced live in Las Vegas, Aug. 8-10.
Housing Wire
JULY 20, 2023
With record-low inventory nationwide, real estate agents seem to be hearing the same thing day in and day out: “I’d list my home, but where would I move?” For most agents, that’s the end of the conversation, ending the possibility of taking a new listing as well as facilitating the buyer side. Nationwide, inventory is at all-time lows. According to Altos Research , this week there are only 465,000 active listings.
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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 20, 2023
Existing-home sales fell to a seasonally adjusted rate of 4.16 million as the median sales price climbed to $410,000, or just 0.9 percent below the highest median recorded by the National Association of Realtors.
Housing Wire
JULY 20, 2023
The mortgage industry continues to rightsize , and On Q Financial is taking it as an opportunity to expand through loan officer recruitment and tapping into its network of homebuilders. On Q Financial hired 100 loan officers over the past two months, bringing the total number to about 250, CEO Patrick Lamb said in an interview with HousingWire. “It’s largely been people who have been together [in the same branches] for a long period of time and have been looking for another opportunity.
Inman
JULY 20, 2023
Maggie Wu is the latest of many agents to "boomerang" back to Compass after briefly leaving for another company. She leads the 4-person W Team which closed $102 million in sales last year.
Housing Wire
JULY 20, 2023
There have been numerous studies done on client retention over the years, and while the exact figures vary, most suggest that it can be anywhere from five to 25 times more expensive to acquire a new client than to keep an existing one. As real estate professionals, we know this. But we also know how easy it is to get caught up in chasing the next deal and unwittingly neglect our existing sphere of influence.
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 20, 2023
The "Million Dollar Listing" star Josh Flagg bought the Mediterranean-style villa, which originally asked $4.45 million, with business partners Adam Rubin and Andrew Shanfeld, according to a report. Last year, he bought a $9.2 million property in Beverly Hills.
Keeping Current Matters
JULY 20, 2023
You may have heard some people say it’s better to rent than buy a home right now.
Inman
JULY 20, 2023
In an interview with CNBC on Wednesday, Redfin CEO Glenn Kelman laid out some of the variables that might begin to unlock home inventory in the years to come, including adjustable rate resets.
RIS Media
JULY 20, 2023
The 30-year fixed-rate mortgage (FRM) dropped from last week’s average of 6.96% to an average of 6.78% this week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: 30-year fixed-rate mortgage averaged 6.78% as of July 6, 2023, up from last week when it averaged 6.96%. A… The post Mortgage Rates Dip Back Down 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 20, 2023
In a competitive market, it takes more to make an impact, team leader Jeremy "Jae" Pierce writes. Find out how to create a reputation that resonates with buyers and sellers.
RIS Media
JULY 20, 2023
In keeping with the challenges of low inventory and high home prices, existing-home sales fell 3.3% to a seasonally adjusted annual rate of 4.16 million in June, according to the National Association of REALTORS®’ (NAR) most recent existing-home sales report. NAR’s latest data on existing homes found that year-over-year, sales fell 18.9% (down from 5.13… The post Existing-Home Sales Fall 3.3% in June appeared first on RISMedia.
Inman
JULY 20, 2023
As we navigate the ever-evolving social media landscape, it is crucial to recognize both the potential and the challenge it presents, New Jersey agent Ed Stulak writes.
RIS Media
JULY 20, 2023
“We can put sufficient consumer protections and safeguards on this industry so that something like the failure of FTX would likely not happen in the United States.” This was CEO & Leadership Exchange speaker Senator Cynthia Lummis’ (R-WY) comments following last week’s introduction of a new bipartisan crypto-regulation bill she co-authored with Sen.
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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 20, 2023
Starting Aug. 9, the nation's second-largest MLS will allow listing brokers to offer buyer brokers nothing in compensation, according to an announcement from Bright.
GeekEstate
JULY 20, 2023
[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: Highnote] Combining high-end design and marketing assets in a drag and drop interface, Highnote’ presentation and proposal platform provides real estate agents with a sales and marketing suite to showcase listings, neighborhoods, and their personal brand to leads, clients, and customers.
Inman
JULY 20, 2023
The Swann Group's agents are the latest of hundreds who have moved from Compass to Coldwell Banker over the past year, the latter brokerage told Inman this week.
BubbleInfo
JULY 20, 2023
At the beginning of 2023, the Zillow 1-year forecast for San Diego home values was -0.8%. In May, their expected 1-year appreciation rate in our local areas was around +3%. Now they are guessing it will be around 4%… which might cause more sellers to wait longer!
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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