RISMedia

JULY 28, 2023

By Dixie Somers Congratulations on deciding to buy your first home! This is an exciting time in your life, and the process of buying your first home can be both daunting and rewarding. As a first-time home buyer, there are several things you need to keep in mind to ensure that you make the most […] The post Looking to Buy Your First Home? 5 Savvy Tips to Help You Secure a Deal appeared first on RISMedia's Housecall.

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Housing Wire

JULY 28, 2023

High mortgages and stubbornly elevated home prices are worsening the housing affordability crisis. A first-time homebuyer must earn roughly $64,500 per year to afford the typical U.S. “starter” home, up 13% from a year ago, according to a new report from Redfin. In June, the typical starter home sold for a record $243,000, up 2.1% from a year earlier and up more than 45% from before the pandemic.

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Real Estate News

JULY 28, 2023

Nashville tops the list of cities with "just right" homes with ample square footage and big yards near urban centers.

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Banks 246

Housing Wire

JULY 28, 2023

Outsiders to the real estate industry may assume that the tight market has real estate agents hanging up their hats. In reality, today’s agents are seizing the market and feeling confident. Real estate agents are still confident in the industry and the market. Even as the housing market comes down from its COVID-19 pandemic highs, there are houses to be sold and deals to be made.

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Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

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Real Estate News

JULY 28, 2023

The system of sellers funding commissions, which are then shared between seller and buyer agents, goes back more than 100 years. Is it time for a change?

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Agents 246

Housing Wire

JULY 28, 2023

JPMorgan Chase will buy nearly $2 billion worth of mortgages to grease Banc of California ‘s purchase of PacWest Bancorp , Bloomberg reported. The bank entered into an agreement to buy $1.8 billion of single-family residential loans at a discount, according to the outlet. Banc of California and PacWest announced on Tuesday an all-stock merger with a $400 million equity raise from Warburg Pincus and Centerbridge Partners to create a bank with $36 billion in assets.

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Purchase and sale agreement Mortgages Banks Principal 370

Housing Wire

JULY 28, 2023

Mauricio Umansky ‘s residential brokerage The Agency is venturing into core services. Through partnerships with Bubble Insurance Solutions and New American Funding , real estate agents at The Agency will have access to mortgage lending services and insurance services for their clients. With Bubble Insurance Services, The Agency is launching its own affiliate insurance service, Agencia Insurance Solutions , which will serve new and past The Agency clients in California and Arizona.

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Brokerage Finance Lending Mortgages 369

Inman

JULY 28, 2023

The suit accuses now ex-CEO Mike Mercurio of using association credit cards for personal purchases, inflating his vacation time and selling items that the association paid for on eBay.

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Housing Wire

JULY 28, 2023

The importance of giving back to the community has never been more crucial or weighted with as much importance by the business world as right now. Real estate agents and business leaders play a pivotal role in improving the cities in which they operate, making community service an essential value to their professions. Not only does community service foster connection and belonging in the communities that agents serve, but it can also further develop and challenge agents to grow professionally an

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Agents Due diligence Brokerage Development 367

Inman

JULY 28, 2023

Bryan Knisley previously ran his own brokerage and completed stints at RE/MAX and Keller Williams. He's bringing 27 agents with him to eXp, according to the company.

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Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

Industrial

Housing Wire

JULY 28, 2023

The personal consumption expenditures price index excluding food and energy increased just 0.2% in June from the previous month, the Commerce Department said Friday. On a year-to-year basis, the core PCE rose 4.1%, the slowest annual rate since September 2021. It marked a decrease from the 4.6% annual pace in May. Headline PCE inflation including food and energy costs also increased 0.2% on the month and rose 3% on an annual basis.

Marketing 367

Marketing 367

Inman

JULY 28, 2023

The annual paycheck for a first-time homebuyer is roughly $64,500 to afford the typical U.S. "starter" home in 2023 — up 13 percent from a year ago, according to a report from Redfin.

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Marketing 148

Housing Wire

JULY 28, 2023

Like its big four counterparts First American and Old Republic, Stewart , the smallest of the four largest title underwriters , still managed to turn a profit despite challenging housing market conditions. “Our second quarter improved sequentially to the first quarter,” David Hisey, Stewart’s CFO, told investors and analysts on the firm’s second quarter 2023 earnings call Thursday morning.

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Inman

JULY 28, 2023

Inspired by this summer's hottest TikTok dating trend, trainer Rachael Hite breaks communication down into three simple steps to start seeing results in your frosty pipeline.

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Agents Marketing 148

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In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

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Housing Wire

JULY 28, 2023

Despite recording stronger financial results during the second quarter of 2023 than the first, executives at both First American Financial and Old Republic did their fair share of bellyaching over current housing market conditions during their firms’ Q2 2023 earnings calls on Thursday. “We posted good results in the second quarter given the continuing market headwinds ,” Ken DeGiorgio, the CEO of First American , told investors and analyst’s during the firm’s second quarter earnings call.

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Title Commercial Residential Investor 360

Inman

JULY 28, 2023

Droves of people have flocked to Texas for new jobs, tax and affordability purposes, and political reasons, and the demand from this new class of wealthy buyers is stretching the state's luxury inventory thin.

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Marketing Development 148

Housing Wire

JULY 28, 2023

Ex-workers took action in a New York court this week to ensure that a $3.5 million settlement with Sprout Mortgage for unpaid wages goes through. It follows a request from the shuttered lender to halt the agreement due to an involuntary bankruptcy petition filed by three creditors. New Wave Lending Group , JMJ Financial Group and EF Mortgage filed on July 5 an involuntary petition against Sprout under Chapter 7 of the Bankruptcy Code in a New York court, claiming the lender owes $1.3

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Bankruptcy Banks Mortgages Loans 360

Inman

JULY 28, 2023

With an influx of tech and entertainment giants like Tesla and Universal Studios, not to mention a rising tide of millennial buyers, Texas is bursting at the seams as agents rush to find new listings.

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Agents As-is Marketing 148

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As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

Agents

Toronto Realty Blog

JULY 28, 2023

TorontoRealtyBlog “Nine…… times.” Children of the ’80’s get it. “ Nine ……times.” Some of you already get the reference and others are thinking about it. Let’s just say that you don’t need to take a day off to figure this one out, but the first person to post the reference in the comments wins my utmost respect and potential future friendship… So how about twenty-two times ?

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Inman

JULY 28, 2023

Wondering what you missed this week? Catch up with Inman's Top 5 stories for the week of July 21-27, 2023.

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Agents 148

Bigger Pockets

JULY 28, 2023

The insurance industry was upended by the Internet, like many other industries. The key issue is that without agents who can guide you through coverage options for certain properties, you're left to your own devices. That can become an issue quickly.

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Industrial Agents 98

Inman

JULY 28, 2023

Starwood Capital Group Chairman and billionaire real estate investor Barry Sternlicht claims Fed inaction has all but ensured a recession is on the way. "Nobody wants to sell anything today," he said.

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Investor Marketing 148

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Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

Agents

RIS Media

JULY 28, 2023

In the wake of the Federal Reserve ending its short-lived “pause” on rate hikes, the latest personal consumption expenditure (PCE) index—the Fed’s preferred inflation measurement—has shown continued cooling. The Commerce Department announced Friday that PCE inflation rose 3% in June from a year earlier, down from May’s reading of 3.8%. Core prices—everything except volatile food… The post Consumer Spending Data Provides Further Signs of Cooling Inflation appeared first on RISMedia.

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MLS Industrial 98

Inman

JULY 28, 2023

When you’re out door knocking, reading the signs can give you insight into the needs and concerns of the people you meet, writes agent Ernesto Vargas.

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Agents Brokerage Marketing 148

RIS Media

JULY 28, 2023

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. According to the latest Primary Mortgage Market Survey® from Freddie Mac, released July 27, 2023, the 30-year fixed-rate mortgage (FRM) sits at 6.81% (rising slightly from 6.78% the week prior). The 15-year FRM currently stands… The post Mortgage Mix: Current Rates and Affordability Challenges Keep Buyers on the Sidelines appeared first on RI

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Fixed-rate mortgage Mortgages Industrial Marketing 98

Inman

JULY 28, 2023

Former Keller Williams NYC market center owners Ilan Bracha and Heim Binstock's battle for their 377 Broadway office is officially over as a new owner snapped it up at an auction for $11.3 million. The office went into foreclosure in 2018 after the duo broke their re-fi loan terms, according to a report.

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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

Bigger Pockets

JULY 28, 2023

How important is cash flow when analyzing real estate deals?

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Inman

JULY 28, 2023

On today's Download, check out Compass' new tracker tool, then check out some of our best recent advice on keeping those past clients percolating through your pipeline.

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Brokerage Agents Marketing 147

Brownstoner

JULY 28, 2023

By Isabel Song Beer, Brooklyn Paper The National Weather Service has issued the city’s first heat advisory of the summer, advising New Yorkers to take precautions to avoid heat-related illness as temperatures climb. The excessive heat warning began on Thursday and will extend to Saturday, with temperatures set to rise above 90… Read More > The post Heat Warning Triggers Opening of Cooling Centers for Brooklynites appeared first on Brownstoner.

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Inman

JULY 28, 2023

Watch this week's Inman Access classes to learn how to take your business to the next level on your own timeline and discover communication strategies to better position your value.

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Marketing Agents 147

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BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.

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