Sat.Aug 26, 2023 - Fri.Sep 01, 2023

article thumbnail

Zillow’s 1% Loans Have Little to Do With Helping First Time Home Buyers

Propmodo

Subscribers Only Newsletter Propmodo’s weekly perspective on commercial real estate and things interesting to real estate executives. Curated by Franco Faraudo. View Archive Become a Subscriber Zillow has become the most popular residential real estate portal in the U.S. They did this by becoming masters of lead generation. Their first big win was their Zestimate, which allowed homeowners and prospective home buyers to see an algorithmically created estimated property value for any home in

Loans 103
article thumbnail

Championing High-Performing Homes and Sustainability

RIS Media

Raised in a household with an eye on minimizing waste and maximizing sustainability, Nova Tower’s upbringing and lifelong commitment to environmental responsibility is what ultimately set her on the path to help lead Portland, Maine-based Waypoint Brokers Collective—the first and only agency in Maine to earn the National Association of REALTORS®’ (NAR) Green Designation.

Design 107
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 Benefits of Using Virtual Staging in Real Estate Listings 

Lab Coat Agents

It likely comes as no surprise that a majority of homebuyers start their property hunt online. According to the National Association of Realtors (NAR), 41% of home buyers looked online for properties as their first step in the process. This trend highlights just how important photos are in real estate listings. Images featured in listings must immediately capture attention and effectively present the space.

Staging 98
article thumbnail

Buyer Traffic Is Still Stronger than the Norm

Keeping Current Matters

Are you putting off selling your house because you’re worried no one’s buying because of where mortgage rates are?

Mortgages 246
article thumbnail

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.

article thumbnail

‘You’re so vain’: The illusion created by vanity metrics

Inman

Strategically positioning yourself and evaluating your performance with the metrics that matter will put you ahead of the competition, according to consultant Diana Zaya.

Brokerage 185
article thumbnail

Where Your Investments Are Safest (and Least Safe) From Natural Disasters

Bigger Pockets

As Hurricane Idalia barrages the Florida coastline, we've found the cities with a lower level of risk from natural disasters compared to the most at-risk markets.

Marketing 117

More Trending

article thumbnail

Follow This Home Maintenance Schedule To Keep Your House in Top-Selling Condition

HomeLight

If a pipe bursts in the kitchen, you’re immediately on the phone with a plumber in one hand and scooping water into buckets with the other. But dirty gutters? A leaky faucet? That deep crack in the driveway? It can always be put off until tomorrow; that is, if these issues cross your radar at all. Homeowners procrastinate making necessary repairs for 10 months on average , according to a recent study by Consumer Affairs.

article thumbnail

Inventory Watch

BubbleInfo

A tough week – the number of active listings went up by 24, and the pendings count dropped by ten – which sounds like a bunch of escrow fallouts. We should be facing an epidemic of escrows falling apart.

97
article thumbnail

Why the Fed is celebrating after jobs week

Housing Wire

Jobs week cleared up the skies for the Federal Reserve members, who are smiling — big time — after a series of data lines gave them what they wanted: a softer labor market! While the labor market isn’t breaking , it has become more pliant in the data lines the Fed focuses on. After Friday’s jobs report , which had some one-time variables, we can say that the economy is heading into an area where the Fed will feel much more comfortable, and we should not have any more rate hikes.

article thumbnail

NAR stands with CEO amid turmoil

Real Estate News

NAR leaders affirmed Bob Goldberg as CEO during an emergency meeting days after the association’s president resigned following sexual harassment allegations.

316
316
article thumbnail

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.

article thumbnail

Why You May Still Want To Sell Your House After All

Keeping Current Matters

Even though you may feel reluctant to sell your house because you don’t want to take on a mortgage rate that’s higher than the one you have now, there’s more to consider.

Mortgages 267
article thumbnail

NAR throws support behind Bob Goldberg in face of growing unrest

Inman

Support for the embattled CEO, who many expected to announce his early retirement as a result of a fast-moving harassment scandal, came late Thursday with a statement from new president Tracy Kasper.

MLS 204
article thumbnail

NAR’s Kenny Parcell resigns after sexual harassment allegations

Housing Wire

Two days after a New York Times exposé of alleged sexual harassment and a culture of fear at the National Association of Realtors , President Kenny Parcell announced his resignation. Parcell was called out for alleged sexual harassment by 16 of the more than two dozen current and former NAR employees interviewed by the Times. “I am deeply troubled by those looking to tarnish my character and mischaracterize my well-intended actions,” Parcell wrote in a letter to NAR’s Executive Committee and Boa

MLS 458
article thumbnail

NAR pocket listing case goes back to the courts on appeal

Real Estate News

A case filed by the Top Agent Network targeting NAR's Clear Cooperation policy was reinstated after previously being dismissed in 2021.

Agents 331
article thumbnail

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.

article thumbnail

How Inflation Affects the Housing Market

Keeping Current Matters

Have you ever wondered how inflation impacts the housing market?

Marketing 270
article thumbnail

Homebuyer mortgage demand picks up for 1st time in 6 weeks

Inman

After dipping to the lowest level since April 1995, applications for purchase mortgages edge up 2 percent week over week but are still down 27 percent from a year ago as mortgage rates retreat from 2023 highs.

Mortgages 193
article thumbnail

Announcing the 2023 HW Insiders!

Housing Wire

In its 8th year, the HW Insiders program is spotlighting the talented operations professionals who are laying the foundation of success for their organizations. Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success. This year 75 honorees were honored as HW Insiders.

article thumbnail

NAR president resigns in the wake of sexual harassment allegations

Real Estate News

Just two days after the New York Times published claims of harassment, retaliation and intimidation at the association, Kenny Parcell has stepped down.

317
317
article thumbnail

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.

article thumbnail

How Do Mortgage Pre-approvals Work?

RIS Media

An essential part of the home-buying process is getting pre-approved for a mortgage. When your lender has checked your finances, they will issue a pre-approval letter. You can use this letter to show sellers you are a serious buyer when you make an offer. A common question among buyers is how long it takes to… The post How Do Mortgage Pre-approvals Work?

article thumbnail

Agents: Kenny Parcell’s resignation is the ‘beginning’ of fixing NAR

Inman

Agents and industry leaders said National Association of Realtors President Kenny Parcell's resignation is the first step in making the organization safer for female employees and members.

Agents 193
article thumbnail

Logan Mohtashami on CNBC: How rates are impacting supply

Housing Wire

HousingWire Lead Analyst Logan Mohtashami appeared on CNBC‘s Squawk on the Street on Wednesday to talk about the health of the housing market , and more specifically about today’s pending home sales data. Mohtashami explained how demand for existing homes is still trending near 21st-century lows. As long as mortgage rates stay near 23-year highs, Mohtashami believes we will see softness in data.

Mortgages 437
article thumbnail

Maui agents warn of land grabs, disregard for locals

Real Estate News

Following the Lahaina wildfires, "predatory capitalism" has taken hold in the historic community as locals are faced with the decision to rebuild or sell.

Land 310
article thumbnail

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.

article thumbnail

Unpermitted Work Threatens Stability of Landmarked Elias Hubbard Ryder House

Brownstoner

Barely visible behind a screen of overgrown trees and shrubbery, the individually landmarked Elias Hubbard Ryder House is in jeopardy after a full vacate order was issued on the building earlier this summer. Unpermitted construction work compromised the footings of a rear sun room, causing a partial collapse and compromising… Read More > The post Unpermitted Work Threatens Stability of Landmarked Elias Hubbard Ryder House appeared first on Brownstoner.

article thumbnail

John Davis files a racketeering lawsuit against Keller Williams

Inman

Three months after a Texas judge sent former Keller Williams CEO John Davis' $300 million fraud suit against the franchisor to arbitration, Davis is back with new racketeering claims.

Brokerage 192
article thumbnail

Pending home sales rose 0.9% in July

Housing Wire

Mirroring the trend for new home sales (+4.4%), pending home sales rose 0.9% in July, according to data released Wednesday by the National Association of Realtors (NAR). Year over year, pending home sales were down 14%, a smaller decrease than the 15.6% annual drop recorded in June. However, unlike the market for new homes , which has recovered convincingly above last year’s lows (+31.5%), pending home sales continue to lag behind year-ago levels (-14.0%).

Sales 420
article thumbnail

Ex-Zillow CEO: NAR lawsuits ‘a seismic event’ for agents, portals

Real Estate News

Spencer Rascoff said home search portals may need to pivot in a world where buyers agents are no longer paid via the listing agent’s commission.

Agents 317
article thumbnail

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.

article thumbnail

What to Do For Septic System Maintenance

RIS Media

Septic systems are essential for homes not connected to municipal sewage systems. Potential home buyers from properties with public sewers need to know there is a difference. Properly maintaining these systems is crucial to ensure their longevity and prevent costly repairs. Regular septic system maintenance, inspection, and tank pumping can help prevent backups, leaks, and… The post What to Do For Septic System Maintenance appeared first on RISMedia.

article thumbnail

How a typical Realtor rises through the ranks within NAR

Inman

The Realty Alliance CEO Craig Cheatham illuminates the frequently byzantine path many Realtors follow on their journey up the National Association of Realtors's formidable org chart.

MLS 188
article thumbnail

Opinion: The hidden opportunities of high mortgage rates

Housing Wire

A couple of weeks ago, mortgage rates soared to a new 2023 high, reaching over 7% on a 30-year fixed-rate loan for the first time since November 2022. While higher rates are generally viewed with dismay, they often are the end result of a strong economy. Case in point, the private sector added 497,000 jobs in June — more than double many economists’ expectations — while compensation climbed 6.4% from a year ago.

Mortgages 417
article thumbnail

Buyers will drop agents who aren't showing their value

Real Estate News

A survey of buyers found that trustworthiness and the ability to provide high-value services were key to landing — and keeping — them as a client.

Agents 287
article thumbnail

How Enriching the Lives of Your Clients Leads to Greater Sales Success

Speaker: Ari Capogeannis, Director - Revenue Marketing at NVIDIA and Bill Pappa, Sales and Marketing Leader at Ai Media Group

Building strong personal and professional relationships with clients is a critical success factor. Sales professionals who focus on relationship building generate more leads and raise their brand awareness. Because this can take time, having regular engagements can help you cultivate these relationships more efficiently. The most effective way to accomplish this is through direct hyper-personalized touchpoints.