Keeping Current Matters
JULY 11, 2023
If you’re in the process of looking for a home today, you know the supply of homes for sale is low because you’re feeling the impact of having a limited pool of options.
Housing Wire
JULY 11, 2023
Land sales volume continued to exceed the five-year average of $650 million in gross sales during the first six months of 2023, but gross sales are off from the record-setting pace of 2021 and 2022, according to Farmers National Company mid-year land values report , released Tuesday. During the first half of 2023, land sales volume came in at roughly $445 million, compared to an average of $735 million in both 2021 and 2022.
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Real Estate News
JULY 11, 2023
Morningstar has made a bold prediction about where mortgage rates and home prices are headed, but for now, prices are still rising.
Housing Wire
JULY 11, 2023
Home prices are steady, if relatively high in terms of historical home prices, and homeowners are staying in their homes longer than ever before. The result? American homeowners currently have more tappable home equity than ever — a net $30 trillion in home equity that can be tapped right now, according to HousingWire lead analyst Logan Mohtashami. “That’s bigger than the total GDP of China,” Mohtashami said.
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Real Estate News
JULY 11, 2023
The state’s "Dream for All" down payment assistance program has received more funding after quickly running out of money earlier this year.
Housing Wire
JULY 11, 2023
House Numbers , an AI-enabled home wealth management platform, announced on Tuesday that it has raised $3.75 million in pre-seed funding. Resolute Ventures led the round, with participation from Maven Ventures and Uncommon Capital. “The U.S. Census reports 62% of U.S. households have home equity, compared to just 25% of whom hold stocks and mutual funds.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
JULY 11, 2023
Mortgage credit availability barely increased in June as the industry continues to operate at reduced capacity. This is a consequence of persistently high mortgage rates resulting in lender consolidation as well as a decline in mortgage applications , the Mortgage Bankers Association said. The trade group’s monthly Mortgage Credit Availability Index rose by 0.1% to 96.6 last month.
Inman
JULY 11, 2023
The number of new homes earmarked for the rental market is expected to double by 2027 as built-for-rent housing rebounds with a record Q1 and developers clamor to partner with investors.
Housing Wire
JULY 11, 2023
Candor Technology , a mortgage artificial intelligence (AI) technology firm, announced this week that it has unveiled its latest product feature, Candor Pre-Check. The tool aims to identify inconsistencies between loan applications and borrower-provided documents to data accuracy. “At Candor, we strive to create best-in-class technology to benefit the consumer, the lender, and the mortgage investor.
Inman
JULY 11, 2023
The Sitzer/Burnett antitrust case is set to begin Oct. 16 but could be moved to February. The court denied the franchisor's request to change the date because it conflicts with KW's Family Reunion.
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.
Housing Wire
JULY 11, 2023
The Westchester County District Attorney announced on Friday that it has indicted a group of six individuals and a corporation for allegedly stealing property deeds from distressed homeowners, fraudulently accessing mortgage loans, and evading state taxes. The alleged perpetrators, including licensed realtors and an attorney, fraudulently obtained $2 million in loans and evaded nearly $200,000 in state taxes, according to the indictment.
Inman
JULY 11, 2023
Yes, you can ignore Threads, and you will stay in business, Inman contributor Teresa Boardman writes of Meta's latest social media offering. "If you are on the fence, I am writing this for you.
HomeLight
JULY 11, 2023
Whether the cause is unpaid taxes, unpaid alimony, or unpaid contractor bills, selling a house with a lien against it adds one more wrinkle to the already complex task of a home sale. But don’t fret. “Nine times out of 10 the lien can be paid off through the sale,” says Richie Helali, Mortgage Sales Lead at HomeLight Home Loans. “This way the seller doesn’t need to come up with [the debt] out-of-pocket earlier.
Inman
JULY 11, 2023
Annual home price growth fell below 2 percent for the first time since 2012 as high prices and mortgage rates continued to inhibit buyers and sellers, according to data released Tuesday by CoreLogic.
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RIS Media
JULY 11, 2023
As the real estate market continues to shift, competition is at an all-time high, causing brokers and their agents to find new paths to success. The brokerages that are playing on their strengths while adapting to the constant flux of the market are the ones gaining a competitive edge and winning big. This September, nine… The post CEO & Leadership Exchange Panel Preview: The Secrets to Gaining a Competitive Edge appeared first on RISMedia.
Inman
JULY 11, 2023
Rick Guerrero says your transactions will be smoother if there's more collaboration with mortgage loan officers when providing financial information since a Zillow report revealed that agents are sought after and trusted with relevant questions. This will help battle misinformation and empower clients to make informed decisions.
RIS Media
JULY 11, 2023
It stands to reason that companies want to recruit the best employees that can help them stay competitive. However, many argue that there is a right and wrong way to recruit talent, which is the crux of a legal battle between loanDepot and Movement Mortgage. The former filed a lawsuit on June 22 in a… The post LoanDepot Sues Movement Mortgage for Poaching and Crippling Branches appeared first on RISMedia.
Inman
JULY 11, 2023
Dash, which aims to improve how real estate agents access information about new construction projects, has released a beta test of its software in Miami, the company announced last week.
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.
Brownstoner
JULY 11, 2023
Mayor Eric Adams on Tuesday said he is considering a legal challenge against the City Council over a package of bills it passed in May that would expand eligibility for city housing vouchers. The mayor's statement comes amid an ongoing back and forth over the legislation, with Adams vetoing the bills… Read More > The post Mayor Adams Floats Legal Challenge If Council Overrides Veto and Passes Housing Voucher Bills appeared first on Brownstoner.
Inman
JULY 11, 2023
Join us as we delve into the symbiotic relationship between mortgage brokers and real estate professionals and discover best practices around marketing strategies.
Bigger Pockets
JULY 11, 2023
The easiest way to supercharge your real estate portfolio? Host your own real estate meetups to build your network! If that sounds intimidating, you’re not alone!
Inman
JULY 11, 2023
When conditions aren’t favorable, investors should retrench, renew their discipline and remember the principles that made them successful.
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.
Realty Biz
JULY 11, 2023
Want to sell your New Jersey condo, fast? The speed with which you sell property is reliant on many factors, particularly the property market and the general economy. But there are a few seller’s tricks that will help. Here are the 5 fastest ways to sell your New Jersey condo! Set the Right Price The trick for a faster sale is to be on par, or slightly under, the asking price of similar properties in the area.
Inman
JULY 11, 2023
For two days only, July 11 and 12, you’ve got a chance to score great deals for yourself, your business and clients.
Real Trends
JULY 11, 2023
As existing home sales dropped 17% year over year in 2022 to 5.03 million homes , the median sales volume of National Association of Realtors’ members rose to $3.4 million, up from $2.6 million in 2021, according to NAR’s 2023 Member Profile , published Tuesday. The Member Profile is based off a 98-question survey sent to a random sample of 146,624 NAR members in March 2023.
Inman
JULY 11, 2023
"We aim to make landlords and their tenants’ lives easier by giving them everything they need, and nothing they don’t," said RentRedi CEO and co-founder Ryan Barone.
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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.
Brownstoner
JULY 11, 2023
A bookstore focused exclusively on romance novels that has found success in Los Angeles will debut a Park Slope outpost next month at 218 5th Avenue. Founded by “lifelong romance readers” sisters Leah and Bea Koch, The Ripped Bodice opened its doors in 2016, and claims to be the first bookstore… Read More > The post Popular LA Romance Bookstore The Ripped Bodice to Open in Park Slope appeared first on Brownstoner.
RIS Media
JULY 11, 2023
Low housing inventory remains heavy on real estate professionals’ minds–but stock decreasing can only drive up prices. The Hampton Roads region, stretching from Williamsburg, Virginia to North Carolina, is experiencing that right now, notes The Real Estate Information Network (REIN), an MLS with a coverage area stretching across the Hampton Roads region in its newly… The post Regional Spotlight: Southern Virginia Sees Price Gains appeared first on RISMedia.
BubbleInfo
JULY 11, 2023
The need to pay over the list price has diminished a bit, but about a third of buyers who closed last month still felt like it was worth paying more than the sellers were asking. Last month looked a lot like June, 2022!
RIS Media
JULY 11, 2023
Huntington & ellis, a real estate firm in Las Vegas, has announced it has joined the Leading Real Estate Companies of the World network. The firm consists of 550 independently owned and operated real estate companies that collaborate and specialize in relocation services for their respective markets. Huntington & ellis operates with 16 teams and… The post LeadingRE Expands Network With New Member 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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