Realty Biz

OCTOBER 17, 2022

The real estate industry is one of the many industries being disrupted by artificial intelligence (AI). From chatbots to predictive analytics, AI is changing the way real estate agents do business. Here's a look at how AI is impacting the real estate industry and what agents need to do to stay ahead of the curve. What is AI? Artificial intelligence sounds futuristic, no doubt influenced by popular culture.

Industrial 123

Industrial Investor Technology Commercial 123

Housing Wire

OCTOBER 19, 2022

In June of this year, I raised the fifth recession red flag , putting the housing market in a traditional recession where sales, incomes, jobs, and production would be falling, which is happening now. And unfortunately, one of those productions items is housing completions data — which looks terrible in the latest report. As someone concerned about the housing inflation story since inventory channels broke to all-time lows in 2020, I am frustrated by this housing completion data.

Mortgages 527

Mortgages Construction Sales As-is 527

Keeping Current Matters

OCTOBER 18, 2022

Over the past two years, the substantial imbalance of low housing supply and high buyer demand pushed home sales and buyer competition to new heights.

Sales 231

Sales Marketing 231

BubbleInfo

OCTOBER 20, 2022

Thanks to Mike for pointing out that comparing 2022 data to last year isn’t really fair: The pandemic years, especially 2021, were a strange aberration where everyone moved, house prices skyrocketed, and nearly every real estate business posted record revenues. Why it matters: 2022 is constantly being compared to 2021, which was anything but normal, […].

Marketing 105

Marketing 105

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Agents

Lighter Side of Real Estate

OCTOBER 18, 2022

By law, real estate commissions are negotiable. So you certainly have the right to ask a real estate agent if they’re willing to agree to a lower fee than they’re asking you to pay. Just know that some agents may be willing to accept a lower commission, while others won’t budge. But before you dismiss an agent who doesn’t budge, and sign on the dotted line with one who does, there are a few things you might not be aware of that you should consider.

Agents 109

Agents As-is Closing Marketing 109

Real Trends

OCTOBER 20, 2022

The market may be difficult right now, but there are still opportunities to be had for those willing to work for them. “2023 is either going to be the worst year ever if you don’t pay attention or it’s going to be the biggest year of your entire career,” said Ryan Serhant, CEO, broker and founder of SERHANT. “But you have to actually work at it.”. In his keynote at HousingWire Annual earlier this month, Serhant shared tactics and insights on seizing opportunities and creating growth in a changin

Marketing 76

Marketing Renovation Brokerage Sales 76

Marco Santarelli

OCTOBER 16, 2022

What is Passive Real Estate Investing? Passive real estate investing is a way to invest in real estate to augment income considerably well without having to necessarily stress out one’s self. You are not actively involved in generating profits or income from real estate; you are a passive investor. Passive real estate investing is when you hire or contract a real estate company to help you in finding and manage investment properties for you.

Investor 98

Investor Property Management Equity Banks 98

Housing Wire

OCTOBER 20, 2022

Real estate investors purchasing distressed properties at foreclosure auction have been telegraphing a possible housing market slowdown for the last six months. A deeper dive into foreclosure buyer behavior shows which markets are most likely to see a home price correction in the next six months. Foreclosure auction buyers started bidding more conservatively in the second quarter of 2022, as measured by proprietary data from the Auction.com marketplace.

Marketing 430

Marketing Investor Renovation As-is 430

Keeping Current Matters

OCTOBER 19, 2022

While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still high, remaining around 8%.

Marketing 243

Marketing 243

Eye on Housing

OCTOBER 17, 2022

Over the first eight months of 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 728,866. On a year-over-year (YoY) basis, this is 6.0% below the August 2021 level of 775,772. Year-to-date ending in August, single-family permits declined in all four regions. The South posted a modest decline of 3.9%, while the Midwest region reported the steepest.

Construction 131

Construction Marketing 131

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.

Loans

GeekEstate

OCTOBER 20, 2022

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: TurboTenant]. The ever-evolving rental world can be daunting for the DIY landlord. From marketing properties online to automating rental payments to screening tenants and more, TurboTenant centralizes tools to simplify finding and retaining tenants for independent landlords, real estate investors, and property managers.

Property Management 125

Property Management Investor As-is Marketing 125

Housing Wire

OCTOBER 19, 2022

With interest rates now at 14-year highs, the cost of homeownership is becoming an issue for most prospective home buyers. HousingWire recently spoke with Mike Darne, vice president of marketing at CreditXpert, about how mortgage lenders can leverage credit to help make homeownership more affordable. HousingWire: With interest rates at 14-year highs, what kind of pressure does that put-on housing affordability?

Mortgages 429

Mortgages Loans Loan Officer As-is 429

Keeping Current Matters

OCTOBER 20, 2022

As the housing market cools in response to the dramatic rise in mortgage rates, home price appreciation is cooling as well.

Mortgages 233

Mortgages As-is Marketing 233

Fancy Pants Homes

OCTOBER 19, 2022

World-champion boxer Sugar Ray Leonard is once again floating his spectacular Pacific Palisades compound on the market, this time asking $45 million for the 1.7-acre property. The former professional boxer, who had a legendary 20-year career during which he won world titles in five weight classes, made history as the first in his sport to earn more than $100 million in prize money.

Marketing 124

Marketing Design Title Residential 124

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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.

Sales

Realty Biz

OCTOBER 19, 2022

Buying or selling a home isn't easy, with potential problems before you close. The home inspection is part of the process that can lead to problems, but what does a home inspector do? The home inspection is the buyer's opportunity to get a professional opinion on the home's condition. If you are unsure about what does a home inspection cover, we take a look so that you are better informed.

Inspection 122

Inspection Inspection contingency Agents As-is 122

Housing Wire

OCTOBER 19, 2022

U.S. debt purchasers are positioned to benefit from rising delinquencies due to improvement in portfolio supply from an increase in non-performing loan (NPL) sales, according to a recent report from Fitch Ratings. This increase in delinquencies is attributed as a byproduct of mounting recessionary pressures, with higher interest rates and inflation raising the risk of portfolio write-downs, which the firm says reinforces the importance of strong capitalization, pricing discipline and cost effici

Staging 427

Staging Loans Mortgages Sales 427

Keeping Current Matters

OCTOBER 17, 2022

With higher mortgage rates, you might be wondering if now's the best time to buy a home.

Mortgages 239

Mortgages 239

Eye on Housing

OCTOBER 20, 2022

As rising mortgage rates continue to cool the housing market, the volume of existing home sales has declined for eight consecutive months as of September, according to the National Association of Realtors (NAR). The average 30-year fixed mortgage interest rate has increased from 3.11% at the start of the year to 6.

Sales 119

Sales Mortgages Marketing 119

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

BubbleInfo

OCTOBER 19, 2022

Those who don’t have a mortgage are particularly susceptible to fraudulent acts. Check out this free service being offered by the county to alert you! Hat tip just some guy! Is title lock insurance a good investment? Such insurance usually costs from $12 to $20 a month. But the San Diego County Assessor/Recorder/Clerk’s office now […].

Title 115

Title Mortgages 115

Housing Wire

OCTOBER 18, 2022

Racial Equity Accelerator for Homeownership, a collaboration between Urban Institute and Federal Home Loan Bank (FHLB) of San Francisco , on Monday released a report that examines how the adoption of alternative data can benefit Black households within the mortgage lending landscape. The report found a 30-percentage point gap in homeownership between Black and white households in the U.S., which is wider than it was in 1960, before the Fair Housing Act was passed and while race-based housing dis

Equity 417

Equity Lending Mortgages Loans 417

Maximum Exposure Real Estate

OCTOBER 17, 2022

The Cost For a Home Inspector Do you know the cost of a home inspection and whether it is worth it? Even though no one wants to spend more fees than they need to, saving money by not having your new home inspected isn’t recommended. The home inspection report will reveal the property’s condition and […]. The post How Much Does a Home Inspection Cost?

Inspection 113

Inspection 113

Sotheby's International Real Estate

OCTOBER 21, 2022

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Petosky, Michigan | Harbor Sotheby’s International Realty. The superlatively priced Walloon Lake home has a golf simulator, a full-size bar and a boathouse. Lavish Lake House Selling for $18 Million, Tying for Michigan’s Most Expensive Listing – Mansion Global.

Design 111

Design Agents Sales Marketing 111

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

Fancy Pants Homes

OCTOBER 21, 2022

Whether we like it or not, our homes — be it the way they’re decorated, styled, and maintained — say a lot about our personality. If you too would like your interiors to be a more accurate representation of your style and quickly add a touch of class and sophistication to your home, you should consider getting a wall paneling kit. It will allow you to easily add style to your home without spending a lot of money.

Renovation 111

Renovation Construction Design As-is 111

Housing Wire

OCTOBER 19, 2022

A coalition of 77 banking trade groups led by the American Bankers Association (ABA) and the Independent Community Bankers of America (ICBA) has asked the Federal Housing Finance Agency (FHFA) to modify an existing rule which allows banks to access lower-cost funding from the Federal Home Loan Bank (FHLB) system even if they report that they currently have negative tangible capital.

Banks 415

Banks Commercial Loans Finance 415

BubbleInfo

OCTOBER 19, 2022

This 6.9-acre oceanfront site has been called one of the most exclusive and unique properties in the United States, and has been listed for sale since 2007 – the current price is $49,000,000. An incredible turn of events is underway – the planned high-end resort was defeated by the voters, so now they want to […].

Sales 105

Sales 105

Real Trends

OCTOBER 21, 2022

Are we on the all-new crazy train, destined to crash off the cliff in a pile of short sales and foreclosures? Are distressed sales headed to your market? Is the bubble bursting? Do you feel confused and stressed yet? Us too. So let’s drill down on what’s actually happening, what it means, and what you should do. Inventory is rising. The headlines say that the influx of active listings will drive prices down, reduce the velocity of sales and, consequently, wreck the market.

New Construction 105

New Construction Equity Short sale Construction 105

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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.

Agents

Fancy Pants Homes

OCTOBER 17, 2022

A Broadway producer’s architecturally distinct home in the affluent residential town of Weston, Connecticut has recently traded hands. And its newest owners truly appreciate the beauty and uniqueness of their new Weston abode, if the sale price is any indication. The property — fittingly called the Origami House — sold for $6,500,000, a price point that makes it the priciest home sold in Weston in the past 17 years.

Design 111

Design Residential Brokerage Agents 111

Housing Wire

OCTOBER 20, 2022

Mortgage rates have more than doubled from the beginning of the year and homebuyers facing affordability challenges are increasingly turning to adjustable-rate mortgages (ARMs) to reduce their monthly payments. The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage rose two basis points from last week to 6.94% , slowing its upward trajectory this week.

Mortgages 409

Mortgages Fixed-rate mortgage Loans Construction 409

BubbleInfo

OCTOBER 17, 2022

Bill has been following the inventory in different markets, and San Diego is faring much better than other areas. He is showing a 23.8% drop in new listings YoY, but last year was the record low. Look at the previous years: September New Listings, San Diego County Detached and Attached Homes: 2005: 6,325 2006: 5,735 […].

Marketing 105

Marketing 105

Sotheby's International Real Estate

OCTOBER 20, 2022

Visionaries have always understood the need to reserve mental space for the tasks that will have the greatest impact. This concept of “decision fatigue” is why innovators in the tech space often wear the same thing every day. Domotics, otherwise known as smart home technology, can introduce subtly incorporated technological touches to provide an unparalleled elegance and minimalism to a home, taking care of small tasks and decisions in a way that enables great thinkers to optimize their schedule

Technology 105

Technology Design As-is 105

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.

Sales