Sat.Apr 15, 2023 - Fri.Apr 21, 2023

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Housing Market Tracker: Inventory falls even lower

Housing Wire

The seasonal housing inventory bottom evaded us again last week as active listings fell and new listing inventory decreased. Purchase application data rose again, with more positive than negative data in 2023. Mortgage rates didn’t move much last week, but the 10-year yield rose even though inflation data was tamer than expected, and we had a weaker retail sales report number.

Marketing 538
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Think Twice Before Waiting for Lower Home Prices

Keeping Current Matters

As the housing market continues to change, you may be wondering where it’ll go from here.

Marketing 246
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Opendoor lays off 22% of its workforce in latest round of cuts

Inman

In total, the company cut 560 positions, according to a statement Opendoor provided to Inman. The cuts, which were announced internally Tuesday morning, primarily focused on operations roles.

Sales 218
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How to Improve Your Curb Appeal

Windemere Selling

When it comes time to sell your home, first impressions are crucial. Improving your curb appeal helps to make the most of a buyer’s first glance and sets the stage for their interest in purchasing your home. Working with your agent to identify projects that boost your curb appeal will go a long way towards selling your home quickly and for the best price.

Staging 103
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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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Comparing a Condo to a Townhouse: What You Need to Know

RIS Media

A condo or townhouse might be better if a single-family home isn’t right for you. But it can be difficult to decide if you are weighing up the choice of condo vs. townhouse. We will examine the differences between condos and townhouses to make your choice easier. You may find that either housing choice works.… The post Comparing a Condo to a Townhouse: What You Need to Know appeared first on RISMedia.

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A Curious Case of Port St. Lucie Real Estate Pros

Realty Biz

Port St. Lucie, Florida, is the most unusual real estate market we’ve looked at concerning how the top agents convert sales. From a marketing expert’s perspective, the lack of marketing spend by professionals in this region is astonishing. Over the past year or more, I’ve developed a method for finding the best marketing experts in real estate by narrowing and comparing variables across the web spectrum.

Agents 86

More Trending

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Buy An Older Home

BubbleInfo

The main cause of the ultra-low inventory is from homebuyers purchasing their forever home – whether they knew it at the time, or not. Between today’s higher rates and the difficulty of buying a better home, just about everybody is stuck in their current house. How can today’s buyers get a leg up?

Marketing 105
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Opendoor cuts 22% of its employees

Real Estate News

The industry’s leading iBuyer continues its struggle against housing industry headwinds, cutting about 560 employees, mostly in operations.

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NAMB welcomes legislative proposal to ban use of trigger leads

Housing Wire

The National Association of Mortgage Brokers (NAMB), an association representing the interests of individual mortgage loan originators and small to midsize mortgage businesses, is welcoming the introduction of a bill that would end the sale of trigger leads. The bill, H.R. 2656, was introduced by Representative Richie Torres of New York on April 17, and would amend the Fair Credit Reporting Act to prohibit the creation and sale of trigger leads — which the association has been urging Congress to

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Falling out of Love with Your House? It May Be Time To Move.

Keeping Current Matters

Owning a home means having a place that’s solely your own and provides the space, features, and location you and your loved ones need.

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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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Livabl portal aims to build up new construction market

Inman

Zonda, a technology company that leverages extensive data resources to deliver enterprise software to commercial homebuilders, has released a front-end system for finding new-construction homes. The website is called Livabl.

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Nation’s largest homebuilder brings some heat to a cool spring

Real Estate News

DR Horton, seen as a “heat check” for the housing industry, blew past analyst expectations with its Q2 profits and offered an encouraging take on spring.

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Mortgage industry takes another stand against the FHFA’s DTI fee

Housing Wire

It’s been delayed, but that’s not enough for the mortgage industry. In a blog post published Thursday, Mortgage Bankers Association (MBA) President and CEO Bob Broeksmit made the case that the Federal Housing Finance Agency ‘s (FHFA) loan level price adjustments (LLPA) related to a mortgage borrower’s debt-to-income (DTI) ratio is unworkable and should be scrapped entirely.

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What’s the Difference Between a Home Inspection and an Appraisal?

Keeping Current Matters

If you're planning to buy a home, an inspection is an important step in the process.

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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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Capitalizing on the demand for home hot tubs, spas and pools

Inman

I’ve learned that the desire for proximity to water never wanes — whether that’s an ocean or lake, a hot tub, or pool. As affluent buyers permanently relocated to suburban or vacation markets over the past few years, this demand has only increased.

Marketing 164
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Compass gaining new teams after high-profile departures

Real Estate News

As the market slowed down, some top teams left Compass for greener pastures, but the company continues to grow its agent count and woo new and former teams.

Agents 264
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Opinion: The title industry supports innovation while prioritizing protection

Housing Wire

Think an old dog can’t learn new tricks? Some say that the nearly 150-year-old title industry has a difficult time adapting and evolving. However, the title industry has proven these critics wrong over the past decade, and importantly, it has done so without leaving homeowners vulnerable to unnecessary risks. Title companies have embraced digitization, automation and artificial intelligence to better meet their customers’ needs, reduce costs and increase efficiency.

Title 421
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5 Reasons Millennials Are Buying Homes

Keeping Current Matters

In the United States, there are over 72 million millennials.

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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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Too busy to show homes? Maybe Showami can help: Tech Review

Inman

Showami is software that facilitates the broadcast, acceptance and payment of showing needs between licensed agents, offering teams and brokerages a quick way to create a showing delegation system.

Brokerage 162
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Over half of millennials now own a home

Real Estate News

Millennials hit a major homeownership milestone in 2022, but they’re more likely to own a home in the Midwest versus pricey cities on the coasts.

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Mortgage forbearance improves as pandemic emergency draws to a close

Housing Wire

As the COVID-19 national emergency draws to a close, the forbearance rate has decreased month over month, according to a report from the Mortgage Bankers Association (MBA) on Monday. While the MBA still expects a recession this year, credit quality is generally good, and borrowers facing financial hardship can access enhanced loss mitigation options, the trade group noted.

Closing 420
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Making a Splash: 4 Homes with Lovely Water Features

Sotheby's International Real Estate

Whether dramatic or demure, a water feature brings calming sounds and natural visual appeal to any home. Each of these four properties—from East Coast to West—uses water to turn an outdoor area into an oasis that can be both striking and serene. Lush Brentwood Beauty Janelle Friedman | Sotheby’s International Realty – Santa Monica – Venice Brokerage This serene sanctuary occupies two lush acres in the heart of Brentwood.

Brokerage 139
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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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21 apps to accelerate your brokerage tech stack

Inman

Inman assembled a list of technology companies for customizing a tech-stack, specific to those brokers who look for flexibility, best-of-breed options and quicker roll-out.

Brokerage 164
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Can California solve its worsening affordability crisis?

Real Estate News

High prices are nothing new in the Golden State, but an increasingly small fraction of residents can afford a home. Is a turnaround in sight?

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Mortgage rates rebound after five straight weeks of declines

Housing Wire

Interest rates for mortgage loans broke five straight weeks of declines caused by the bank crisis. This week, the 30-year fixed rate rebounded due to recent data indicating a still-resilient economy, the potential continuity of the Federal Reserve ’s tightening monetary policy, and pressures in the secondary market. “For the first time in over a month, mortgage rates moved up due to shifting market expectations,” Sam Khater , Freddie Mac ’s chief economist, said in a statement.

Mortgages 410
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Luxury Real Estate Headlines: Third week in April, 2023

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Potomac, Maryland | TTR Sotheby’s International Realty Located in the affluent neighborhood of Round Hill in Potomac, Maryland, this expansive home has space for everything—even an airplane. Five Homes With Grand Gardens – Mansion Global Wall Street Journal tycoon’s estate lists for $18 million – Architectural Digest Connecticut Horse Farm Sells After Nearly a Decade On and Off the M

Sales 136
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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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7 hot, hidden real estate trends savvy agents need to know

Inman

New Western’s recent survey of their users uncovered seven hidden trends that virtually no one is discussing. Capitalizing on these trends can give you a huge competitive edge in your market.

Agents 162
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Tech Bytes: News from Constellation1, Elm Street, more

Real Estate News

Constellation1 to support E&V websites; Elm Street providing marketing tools to Weichert; Restb.ai partners with Black Knight; LandOnEarth harnesses ChatGPT.

Marketing 233
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Low-income owners’ home values have increased by 75% since 2012

Housing Wire

Home equity and retirement savings accounts represent over 60% of a household’s net worth, according to the U.S. Census Bureau , and the last decade has resulted in a significant uptick in low-income homeowners’ home values. Between 2012 and 2022, the nationwide median value of homes owned by low-income households (households earning no more than 80% of metro area’s median income) rose 75%, or $98,910.

Equity 410
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How Does a Reverse Mortgage Work?

RIS Media

Homeowners aged 62 or older can use their home equity to receive a lump sum, a line of credit, or income through a reverse mortgage. While this might seem like a great way to enjoy your senior years or cover unexpected bills, there are risks involved with this type of loan. Considering this type of… The post How Does a Reverse Mortgage Work? appeared first on RISMedia.

Mortgages 135
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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.