Mon.Oct 09, 2023

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Consumers point to mortgage rates, not home prices, as key barrier to affordability 

Housing Wire

Elevated mortgage rates continue to dampen already-pessimistic consumer housing sentiment and create affordability woes for both homebuyers and sellers. That feeling is underscored in Fannie Mae ’s latest Home Price Sentiment Index (HPSI), which decreased by 2.4 points in September to 64.5. The index tracks the housing market and consumer confidence to sell or buy a home.

Mortgages 510
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4 surprises about real estate firms in 2023

Real Estate News

NAR’s profile of brokerage businesses offers a look inside the makeup, operations and goals of firms, finding that many are still in growth mode.

Brokerage 260
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MBA, NAR, NAHB call on the Fed to provide market certainty about its rate path

Housing Wire

A coalition of housing trade groups — including the Mortgage Bankers Association (MBA), National Association of Realtors (NAR) and National Association of Home Builders (NAHB) — called on the Federal Reserve to provide market certainty about the Fed’s rate path and its plans for the mortgage-backed securities (MBS) portfolio. Ongoing market uncertainty about the Fed’s rate path has “exacerbated housing affordability and created additional disruptions for a real estate market that is already stra

Marketing 445
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Why high-net-worth individuals are purchasing secondary homes

Inman

Owning multiple properties is relatively common with ultra-high-net-worth individuals. Agents should be well-versed in helping them identify and acquire secondary homes that fulfill their needs and goals.

Agents 209
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3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

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Yoga and a mortgage? Guaranteed Rate has a new app for that

Housing Wire

A mortgage lender isn’t the first place most people would turn to for yoga, meditation or personal wellness. However, Guaranteed Rate hopes to change that with the launch of its new consumer-focused Rate App. The free app, which officially launches Tuesday, allows users to price out mortgages, personal loans and other finance products that Guaranteed Rate offers, but there’s a twist: users can also access financial, physical and mental health resources to help them “live their best lives.

Mortgages 421
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5 common mistakes agents make with real estate photography

Inman

In today’s competitive real estate market, high-quality and visually appealing media can make all the difference in attracting potential buyers. Unfortunately, one critical mistake with a home’s photography can come at the expense of sacrificing showings.

Agents 186

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‘The fallout has gotten crazy’: Cold feet cited for rise in dashed deals

Inman

Nearly 60,000 home purchase contracts were canceled during August, according to Redfin. But real estate agents told Inman that buyer uncertainty and inexperienced new agents are to blame.

Agents 179
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Key Skills You Need Your Listing Agent To Have

Keeping Current Matters

Selling your house is a big decision.

Agents 241
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Housing groups urge Federal Reserve to stop hiking rates

Inman

MBA, NAR and NAHB say uncertainty over the Federal Reserve's next moves is disrupting the housing sector and threatening to send the U.S.

Mortgages 202
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Common Myths About Selling Houses

RIS Media

Selling a house can be complex and daunting, often filled with anxiety and uncertainty. Unfortunately, several myths and misconceptions surrounding home sales can further complicate matters for homeowners looking to sell their properties. We will delve into the common myths about selling houses and debunk them, providing clarity and valuable insights for anyone embarking on… The post Common Myths About Selling Houses appeared first on RISMedia.

Sales 143
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

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.

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Two big mistakes holding some agents back

Inman

Even as the housing market continues to cool in the face of low inventory, high interest rates and growing affordability concerns, some agents are finding ways to uncover opportunities and grow business. Others, however, are struggling to regain the momentum they had during the go-go days of recent years.

Agents 176
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Simple Holiday Storage Tips to Make Your Life Easier

Coldwell Banker

Give your future self a gift by properly storing all those beautiful holiday decorations away this year! Correctly organizing and packing your holiday ornaments, lights and other decor can save you time, money and frustration when it’s time to take them out again. Here are five practical storage tips to keep your holiday decorations safe and […] The post Simple Holiday Storage Tips to Make Your Life Easier appeared first on Coldwell Banker Blue Matter.

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Homebuyer pessimism climbed to a new record high in September

Inman

More than 8 in 10 Americans polled by Fannie Mae said it was a bad time to buy a home, and most weren't expecting mortgage rates to come down anytime soon.

Mortgages 179
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Affordable Housing Lottery Opens to Fill Units in DoBro’s The Hub, Starting at $833 a Month

Brownstoner

An affordable housing lottery has opened for 12 vacant apartments -- and a waitlist -- in the amenity-packed Downtown Brooklyn skyscraper The Hub, with rents starting at $833 a month for a studio. The 54-story, 750-unit building at 333 Schermerhorn Street was built prior to the pandemic, and was one… Read More > The post Affordable Housing Lottery Opens to Fill Units in DoBro’s The Hub, Starting at $833 a Month appeared first on Brownstoner.

Marketing 119
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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

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.

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Corcoran Sunshine hosting CS Talks series starting Tuesday

Inman

The six-day event series is expected to bring in about 1,000 participants for events and discussions across Corcoran Sunshine's new development projects throughout New York City.

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RE/MAX Releases Lawsuit Settlement Terms, Including ‘Cooperation’ With Plaintiffs

RIS Media

Last Friday, RE/MAX unveiled the terms of its settlement of two major class action lawsuits targeting agent commission that will resolve all claims against the company (and its agents and franchises). The agreement, unsurprisingly, mirrors the terms that Anywhere Real Estate affirmed in a settlement struck only a couple weeks earlier. Most notably, both RE/MAX… The post RE/MAX Releases Lawsuit Settlement Terms, Including ‘Cooperation’ With Plaintiffs appeared first on RISMedia.

Agents 117
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Watch your mouth! It’s what agents don’t say that counts

Inman

NYC agent Nikki Beauchamp checks out advice from the "Harvard Business Review" to show that, sometimes, silence is your best option.

Agents 175
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Op-Ed: Sold Before Input – The Controversy of Pocket Listings and Internal Office Listings

RIS Media

In the dynamic world of real estate, the increase of “secret listings” has raised eyebrows recently. Known by various names such as “pocket listings,” “SBI” or “internal office listings,” these practices have ignited a debate within the real estate industry, prompting questions about ethics, transparency and fiduciary duty. Pocket listings, or SBIs refer to properties… The post Op-Ed: Sold Before Input – The Controversy of Pocket Listings and Internal Office L

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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

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.

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Bed Stuy House Tour Is Back for 45th Year as an in-Person Event

Brownstoner

After several years of virtual tours, the architecturally curious will once again be able to enjoy an in-person look inside some intriguing interiors at the 45th annual Brownstoners of Bedford-Stuyvesant house tour. The signature event for the civic-minded organization went virtual in the midst of the pandemic in 2020, providing supporters… Read More > The post Bed Stuy House Tour Is Back for 45th Year as an in-Person Event appeared first on Brownstoner.

As-is 105
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Team Tactics: 5 Ways You Can Connect With Your Agents as a Broker

RIS Media

Above all else, a real estate brokerage is a team. That means that you don’t just have a responsibility to stay in touch with your agents, they have a responsibility to stay in touch with each other. If you’re a broker, you’re probably thinking: Do I really want to add more to my list of… The post Team Tactics: 5 Ways You Can Connect With Your Agents as a Broker appeared first on RISMedia.

Agents 114
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Here’s What the U.S. Consumer Tells Us About the State of the Economy

Bigger Pockets

U.S. consumers are spending a lot and taking out a lot of debt. That debt is only getting more expensive. What does that mean for the economy?

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Experience, Resilience Power South Florida Team

RIS Media

Above: Paul and Ana Fonseca (together) surrounded by team members For long-time Florida team leaders Paul and Ana Fonseca, it will clearly take more than a Category 4 storm to put them off their game. The couple lost their Fort Myers home and everything in it when Hurricane Ian destroyed a swath of Southwest Florida… The post Experience, Resilience Power South Florida Team appeared first on RISMedia.

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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

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.

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How Redmond evolved from sleepy WA suburb to fast-growing city

Seattle Times Real Estate

The tech boom drew a more diverse population to the once mostly white city. Today, about 1 in 10 Redmond residents is from India.

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The Anatomy of a Marketing Budget

RIS Media

At its most basic level, promoting a listing follows the same credo as the famous five “Ws”—who, what, when, where and why. Ultimately, agents are trying to connect an attractive real estate opportunity to the best potential buyer. It’s ‘Storytelling 101.’ But the strategy behind bringing a listing to market and securing an offer is… The post The Anatomy of a Marketing Budget appeared first on RISMedia.

Marketing 110
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Williamsburg HDFC Co-op With Two Bedrooms, High Ceilings, Wood Floors Asks $350K

Brownstoner

It's a petite sixth-floor walkup not far from the polluting BQE, but even for an HDFC co-op, it's on the affordable end of the price scale. Located at 274 South 2nd Street in Williamsburg, it has two bedrooms and appears to be in move-in condition. Made of tan brick and… Read More > The post Williamsburg HDFC Co-op With Two Bedrooms, High Ceilings, Wood Floors Asks $350K appeared first on Brownstoner.

Marketing 102
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Connecting With Your MLS: A True Partnership Paves the Way to End-of-Year Success

RIS Media

While all eyes are on 2024, MLSs across the board are doubling their commitment to ensuring that brokers end the year on a productive note. Whether that means breaking down barriers or introducing new technology to make accessing data easier, it’s more important than ever that an MLS solidifies its position as a true partner… The post Connecting With Your MLS: A True Partnership Paves the Way to End-of-Year Success appeared first on RISMedia.

MLS 100
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5 Data Proven Ways Agents Can Do 18% More Business

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.

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AI Chat Tools Revolutionize Real Estate Industry: Blend's New Chat Tool Leads the Way

Realty Biz

AI chat tools are revolutionizing the real estate industry by providing a more efficient and personalized experience for consumers and businesses. These tools can automate tasks, provide insights, and answer questions 24/7. An excellent example is the new AI-powered chat tool from Blend, as reported recently by HousingWire. How Blend’s Tool Sets the New Standard One of the latest AI chat tools to enter the real estate market, Blend's AI-powered chat tool is designed to help homebuyers and real e

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Getting to Know Your Teammates Pays Dividends

RIS Media

Being part of any team means working together; that takes mutual trust, cooperation and understanding. But you can’t achieve any of those if you don’t know the other person. If you can cold call leads to convince them to become your clients, then striking up a friendship with someone else in your office will be… The post Getting to Know Your Teammates Pays Dividends appeared first on RISMedia.

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7 of the Top We Buy Houses for Cash Companies in Missouri

HomeLight

Selling your home in Missouri doesn’t always mean lengthy listings, meticulous renovations, or unpredictable wait times. We Buy Houses companies in Missouri offer an enticing alternative, presenting all-cash offers, especially for homes that might be a little rough around the edges. For homeowners who find themselves lacking the resources, expertise, or simply the time to get their property market-ready, these cash buyers can be a godsend, providing a swift ticket to move forward with thei

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Better Homes and Gardens Real Estate Reveals 2022 Excellence Award Winners

RIS Media

Better Homes and Gardens Real Estate LLC has announced its 2022 nomination-based Excellence Award recipients. With a network of approximately 12,200 affiliated sales professionals, associates nominated their broker and sales associate peers who have proven to demonstrate exceptional leadership, superior service and business excellence among four notable categories: Marketing, Community Involvement, Technology, and P.A.I.G.E., the… The post Better Homes and Gardens Real Estate Reveals 2022

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Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

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.