Keeping Current Matters

MAY 3, 2023

If you’re a homeowner thinking about making a move, you may wonder if it’s still a good time to sell your house.

Mortgages 230

Mortgages Marketing 230

Housing Wire

MAY 3, 2023

On Friday afternoon, my real estate agent called with good news. “Congratulations!” she said. “You just sold your house.” The agent wished me well and said that she would appreciate a review on her website. And that was that! A little backstory: The four-bed, 1.5 bath house in the Poconos showed well and I priced it very competitively – at $269,000.

Agents 409

Agents Brokerage Loan Officer Closing 409

Real Estate News

MAY 3, 2023

In a panel discussion, leaders of four fast-growing brokerages shared their thoughts on agent attrition, the commissions lawsuits and other hot topics.

Brokerage 264

Brokerage Agents 264

Housing Wire

MAY 3, 2023

The Federal Reserve affirmed on Wednesday that its next key federal funds rate hikes will depend on incoming data. In turn, economists and housing industry experts have now turned their attention toward the June meeting, as that decision will dictate the future movement of mortgage rates. The Fed’s move on Wednesday was well anticipated and should not cause a major shift in mortgage and other interest rates, experts noted.

Mortgages 403

Mortgages Debt-to-income ratio Banks Fixed-rate mortgage 403

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Agents

Real Estate News

MAY 3, 2023

Frank Major is remembered as a “smart and kind” leader who served on the board of RESO and Byte Back, an organization working to close the digital divide.

MLS 261

MLS Closing As-is 261

Housing Wire

MAY 3, 2023

30-year fixed mortgage rates declined slightly last week, the first rate drop in three weeks, but it wasn’t enough to boost mortgage demand. Mortgage applications fell last week by 1.2% on a seasonally adjusted basis compared to one week earlier, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. The 30-year fixed rate decreased five basis points to 6.5% last week, which is still 114 basis points higher than a year ago, Joel Kan , MBA’s vice pr

Mortgages 394

Mortgages Fixed-rate mortgage Banks Lending 394

Housing Wire

MAY 3, 2023

As proptech evolves, so does the ability to automate processes within the real estate industry. Automation can lead to some serious ROI for property managers and operators, but it’s important to automate the right processes — otherwise, it may feel like you’re throwing money and technology at a problem without solving anything. According to Rently , a smart home and self-guided touring solutions provider, automation is key to ROI for property managers and operators, particularly leasing automati

Property Management 384

Property Management Technology As-is Industrial 384

Real Estate News

MAY 3, 2023

The company missed analyst expectations by $0.48 per share but achieved cost savings of $50 million while legal headwinds put pressure on the bottom line.

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Housing Wire

MAY 3, 2023

Stavvy , a fintech company specializing in digital and remote collaboration for lending and real estate companies, announced on Wednesday a new partnership with WFG National Title Insurance Company (WFG) to provide the company and its customers with eClosing technology solutions. “Stavvy is incredibly excited to work with WFG to bring innovative eClosing solutions to the masses,” said Kosta Ligris , Founder and CEO of Stavvy. “Our collaboration will enable us to leverage our s

Title 374

Title Lending Technology Commercial 374

Real Estate News

MAY 3, 2023

As many analysts had predicted, the Federal Reserve raised the benchmark interest rate for the 11th consecutive time since March.

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Loans

Inman

MAY 3, 2023

The founder of PropTech Consulting said artificial intelligence can revolutionize the industry, but stakeholders will need to tackle data quality, bias and privacy concerns, among other issues.

Industrial 156

Industrial Technology 156

Real Estate News

MAY 3, 2023

Members of UtahRealEstate.com and New Mexico MLS will be able to see listings across the coverage areas in both states.

MLS 247

MLS 247

Inman

MAY 3, 2023

Zillow brought in $469 million in revenue, according to an earnings call Wednesday, falling 13 percent from the $536 million it brought in a year earlier during a period that preceded the rate hikes and sluggish sales.

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Sales Technology Agents Marketing 155

Real Estate News

MAY 3, 2023

The company managed to cut losses by half in Q1, and CEO Brian Bair said Offerpad has a "realistic and achievable plan" to meet its goals.

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Sales

Inman

MAY 3, 2023

Down payment assistance programs can help more people make their dreams of homeownership come true, including up to one-third of all borrowers who fail to qualify without DPA.

Banks 147

Banks Lending Finance Mortgages 147

Eye on Housing

MAY 3, 2023

The Census Bureau’s Housing Vacancy Survey (CPS/HVS) reported the U.S. homeownership rate at 66% in the first quarter of 2023, amid persistently tight housing supply. The homeownership rate remained statistically unchanged from the fourth quarter reading (65.9%). It is 0.6 percentage points higher than the rate in the first quarter of 2022. Compared to the peak of 69.

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Inman

MAY 3, 2023

Jay McCanless, a senior vice president of equity research at Wedbush Securities, reveals what he'll be watching as publicly traded real estate companies post Q1 earnings this week and next.

Equity 145

Equity Brokerage Industrial Marketing 145

RIS Media

MAY 3, 2023

Following its meteoric growth during the pandemic, virtual-focused brokerage eXp managed to grow its agent count in Q1 2023, even with revenue down against the headwinds of a market downturn. With a net income of $1.5 million, the company managed to stay profitable during the challenges of early 2023—from shaky consumer confidence to an uncertain… The post eXp Stays Profitable, Grows Agent Count in Q1 appeared first on RISMedia.

Agents 120

Agents Brokerage Marketing Industrial 120

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

Inman

MAY 3, 2023

Jay McCanless, a senior vice president of equity research at Wedbush Securities, reveals what he'll be watching as publicly traded real estate companies post Q1 earnings this week and next.

Equity 144

Equity Brokerage Industrial Marketing 144

Eye on Housing

MAY 3, 2023

The Federal Reserve’s monetary policy committee raised the federal funds target rate by 25 basis points at the conclusion of its May meeting. Although the communication from the Fed did not explicitly indicate that they are done tightening, language used in their statement signals the Fed is moving toward a more data-dependent posture, albeit one that retains a hawkish bias.

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Inman

MAY 3, 2023

The plugins will allow users to employ conversational language to ask the chatbot details about specific listings and the kinds of homes they seek to fine-tune their search results.

Technology 142

Technology 142

RIS Media

MAY 3, 2023

After consecutive months of almost no movement, RISMedia’s measure of real estate confidence, the Broker Confidence Index (BCI), jumped this month, powering from 6.4 to 6.9—almost exactly where it was a year ago. Through most of 2023, brokers have remained more than a little cautious, telling RISMedia that they’re keeping marketing spending roughly flat and… The post Broker Confidence Back at Spring 2022 Levels appeared first on RISMedia.

Marketing 113

Marketing MLS Sales Industrial 113

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

Inman

MAY 3, 2023

Following an emotional hearing disrupted by protestors, a preliminary vote Tuesday by the Rent Guidelines Board set the stage for increases of up to 5 percent for one-year leases, and 7 percent for two-year leases.

Staging 133

Staging Marketing 133

RIS Media

MAY 3, 2023

Mortgage applications decreased 1.2% from one week earlier after they saw a slight 3.7% uptick, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending April 28, 2023. This week’s numbers: The Market Composite Index, a measure of mortgage loan application volume, decreased 1.2% on a seasonally… The post Mortgage Applications Back Down This Week appeared first on RISMedia.

Mortgages 111

Mortgages Loans Marketing Industrial 111

Inman

MAY 3, 2023

From negative effects on the supply chain to confidence in the market, major union strikes like the WGA strike and others before it can have a palpable impact on the real estate industry.

Industrial 133

Industrial Marketing 133

NAR: Economic Outlook

MAY 3, 2023

Instant Reaction: Interest Rates, May 3, 2023 The latest interest rate hike by the Federal Reserve is unnecessary and harmful.

Finance 133

Finance Mortgages 133

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Agents

Inman

MAY 3, 2023

Bank failures and potential debt ceiling showdown are wildcards for Fed policymakers weighing their next move as the threat of recession looms.

Banks 150

Banks Mortgages Marketing 150

Bigger Pockets

MAY 3, 2023

With all of the various strategies in real estate, how do you pick the best one for you? These seven ways you get started in real estate are great ways to get started.

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Inman

MAY 3, 2023

As a real estate agent, it's not enough just to conduct the transaction. Provide education and service that will help make it possible in the first place.

Agents 143

Agents Banks Lending Finance 143

RIS Media

MAY 3, 2023

Home price growth fell to 3.1% in March, the lowest rate of appreciation since the spring of 2012, according to a new report from CoreLogic. CoreLogic’s Home Price Index for March found that while home price growth rose for the 134th consecutive month, it declined from one year earlier in 10 states, mostly those in… The post Home-Price Growth Hits Lowest Rate Since Spring 2012 appeared first on RISMedia.

Industrial 109

Industrial Agents Marketing 109

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