Housing Wire
AUGUST 14, 2023
One of Texas’ top mega teams , Nest Finders , is partnering with r eal estate brokerage as a service platform , Pinnacle Realty Advisors , according to an announcement on Monday. Pinnacle Realty Advisors will supply Nest Finders with back-end support and tools such as on-demand broker support, as well as PinnacleHQ , Pinnacle’s virtual office and services marketplace.
Real Estate News
AUGUST 14, 2023
A new report from Redfin found that homes in high-opportunity neighborhoods sold for nearly 40% more than homes in low-opportunity neighborhoods.
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Housing Wire
AUGUST 14, 2023
A ransomware attack has crippled Rapattoni, a Southern California data host for property listing information. Santa Rosa-based Bay Area Real Estate Information Service (BAREIS) and other MLSes, who are clients of Rapattoni, fell victim of the cyberattack. This form of cybercrime encrypts the victim’s data and demands a ransom for its release. The incident left agents from all across the country scrambling for workarounds to navigate the disruption to their marketing and property sales efforts, t
Real Estate News
AUGUST 14, 2023
When the case goes to trial next month, NAR policies on IDX feeds — which Zillow began using in 2021 — could be put to the test.
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Housing Wire
AUGUST 14, 2023
The American Land Title Association (ALTA) is celebrating a huge win in its ongoing war against title insurance alternatives. Fannie Mae is no longer considering a pilot program that would bypass traditional title insurance by granting certain mortgage lenders a waiver on title insurance requirements for loans sold to Fannie, according to an announcement earlier this month.
Inman
AUGUST 14, 2023
When listing a luxury home, the quality of the kitchen is critical. Just ask John Messina, Licensed Associate Broker and Global Real Estate Advisor at Daniel Gale Sotheby’s International Realty: “The kitchen is the heart of a home,” he says. “It can determine whether a home sells right away or languishes on the market.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Inman
AUGUST 14, 2023
Compass has recruited the second-largest Coldwell Banker teams in Denver and Seattle, the Infinity Pros team and the Get Happy At Home team. They are the 51st and 52nd agents or teams to move from Coldwell Banker to Compass this year.
Housing Wire
AUGUST 14, 2023
Though its overall mortgage strategy has apparently not changed, Rocket Mortgage is undoubtedly ramping up its initiative to hire local loan officers to win purchase business. The Detroit-based lender plans to recruit up to 500 LOs by the end of 2023, more than triple the current local LO pool. “Rocket has already hired 150 (locally based mortgage loan originators) field reps,” said Laine Kostegian, strategic sales director at Rocket, said at Inman Connect, per mortgage broker Jeff Lazerson, wh
Inman
AUGUST 14, 2023
Retail investors and local landlords offer real estate agents a wide array of options for staying active in a market bereft of traditional inventory, you simply need to know how to connect with them.
Housing Wire
AUGUST 14, 2023
When we contemplate the potential of AI and Web3 technologies in real estate , it goes beyond simply revolutionizing how consumers search for homes and take ownership of assets. The true power lies in how these advancements can alleviate the intricate processes involved in assisting real estate agents and brokers in efficiently guiding consumers through successful transactions.
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.
Inman
AUGUST 14, 2023
In today's dynamic real estate market, sellers are seeking more efficient and hassle-free ways to sell their homes. They want more choice, options, and control over how and when they sell.
Housing Wire
AUGUST 14, 2023
Rate lock activity fell for the second month in July as mortgage rates topped 7% for the first time since November 2022. Overall rate lock volume was down 7% month over month, with purchase lending accounting for 88% of total lock activity, according to Black Knight ‘s originations market monitor report. Even so, purchase lock counts were down 27% year over year and 35% compared to 2019 pre-pandemic levels, as high-interest rates and persisting low inventories dampened demand.
Inman
AUGUST 14, 2023
If you’re putting together a beautiful, thoughtful offer package, your buyers won’t have to supplement with a love letter. Doora Creative Director Janet Pozos tells you how to impress with your pdf.
Housing Wire
AUGUST 14, 2023
In 2022, the price of the typical home purchased in “high-opportunity” U.S. neighborhoods — where poor children have the best shot at upward mobility — was $470,000. That’s $130,000 more than the typical home in low-opportunity areas, according to a Redfin report. Redfin analyzed home sales in 100 of the most populous U.S. metropolitan areas, sorting each neighborhood into one of three tiers—low opportunity, intermediate opportunity and high opportunity.
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Inman
AUGUST 14, 2023
Keller Williams President Marc King told Inman he wants KW agents to sharpen their lead generation and conversion strategies as the brokerage's annual Agent Mega Camp hits Austin this week.
Housing Wire
AUGUST 14, 2023
Swiss bank UBS AG announced Monday it has agreed to pay $1.43 billion in penalties to settle a civil action alleging misconduct related to the underwriting, issuance and sale of residential mortgage-backed securities (RMBS) before the 2008 financial crisis. The settlement with the U.S. Department of Justice (DOJ), which refers to a civil action filed in November 2018, does not bring the determination of liabilities, the DOJ said.
Inman
AUGUST 14, 2023
The share of U.S. homes valued at $1 million or more stopped shy of a record notched last summer as high mortgage rates and low inventory drove home prices upward in June, a Redfin analysis shows.
Housing Wire
AUGUST 14, 2023
The Fed recently announced yet another interest rate hike, making borrowing more expensive and pushing the prospect of purchasing a new home out of reach for an even greater share of Americans. At the same time, inflation is easing and the economy is showing unanticipated strength, with strong employment numbers and greater than expected GDP. All this means one thing for current and prospective homeowners – they shouldn’t expect the Fed to begin lowering rates any time soon.
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.
Keeping Current Matters
AUGUST 14, 2023
Plenty of people are still moving these days.
Housing Wire
AUGUST 14, 2023
The mortgage industry continues to be battered by negative headlines amid the slow in demand, the challenges of housing supply, and rising interest rates. It’s no secret that refinance (refi) volumes dropped off a cliff, and the number of homebuyers in the market has shrunk since 2022. That leaves you with a small pool of prospects in a sea that used to be teeming with more volume than you could handle.
Inman
AUGUST 14, 2023
Shareholders on Friday overwhelmingly approved a plan to merge mortgage lender Better HoldCo with the Aurora Acquisition Corporation. The deal is expected to close before the end of August.
Eye on Housing
AUGUST 14, 2023
Over the first six months of 2023, the total number of single-family permits issued year-to-date (YTD) nationwide reached 449,226. On a year-over-year (YoY) basis, this is 20.9% below the June 2022 level of 567,798. Year-to-date ending in June, single-family permits declined in all four regions. The Northeast posted the lowest decline of 11.0%, while the West region reported the steepest.
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
AUGUST 14, 2023
As scorching heat waves become more frequent and intense this summer, it is imperative for communities to come together and devise innovative solutions to protect their most vulnerable members. Coach Darryl Davis offers ways that real estate professionals can help.
RIS Media
AUGUST 14, 2023
In the competitive world of real estate, success hinges on the ability to consistently generate leads and nurture client relationships. While digital marketing has its place, the value of direct communication through daily sales calls, text messages and touching your database and sphere of influence cannot be overstated. In this article, we will explore how… The post How Direct Communication Can Increase Your Business Tenfold appeared first on RISMedia.
Inman
AUGUST 14, 2023
Nothing is going to disrupt the real estate industry in the years ahead as much as the onslaught of climate change, Minnesota broker Teresa Boardman writes.
RIS Media
AUGUST 14, 2023
Update: The San Francisco Association of REALTORS® told their members Monday morning that Rapattoni was “successfully restoring internal systems” and they expected to have MLS services restored later this week. A cyberattack last week has taken down dozens of MLSs nationwide, with no timeline for a resolution and no clear indication of whether personal information… The post MLS Networks Compromised in Apparent Ransomware Attack 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
AUGUST 14, 2023
Watch the new Inman Access classes for strategies on how to close more deals in today's complex market, along with how influential and persuasive communication can help grow your business.
Calculated Risk Real Estate
AUGUST 14, 2023
This is the second look at local markets in July. I’m tracking a sample of about 40 local housing markets in the US. Some of the 40 markets are states, and some are metropolitan areas. I’ll update these tables throughout the month as additional data is released. Closed sales in July were mostly for contracts signed in May and June. Since 30-year fixed mortgage rates were in the 6.4% range in May, and 6.7% in June, compared to the low-to-mid 5% range the previous year, closed sales we
Inman
AUGUST 14, 2023
Every week Sue "Pinky" Benson answers your most pressing Instagram questions. This week, she's helping you choose some new folks to follow.
RIS Media
AUGUST 14, 2023
Real estate professionals are no strangers to change. Seasonality and the cyclical nature of the industry are simply facts of life. Today, change happens fast. Unpredictability is everywhere. I’ll be the first to admit that change is hard, especially in our traditional industry. But given how quickly everything is evolving, change is a new imperative,… The post It’s Time to Rethink Our Approach to Real Estate Tech 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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