Housing Wire
APRIL 22, 2022
A Wells Fargo bank branch. Wells Fargo & Co., the top depositary mortgage lender in the country, is cutting jobs in its home lending business, just days after reporting weak mortgage earnings in the first quarter of 2022. “The home lending displacements this week are the result of cyclical changes in the broader home lending environment,” a Wells Fargo’s spokesperson told HousingWire.
Keeping Current Matters
APRIL 22, 2022
Some Highlights. If you’re planning to buy or sell a home today, it’s important to be aware of common misconceptions. Whether it’s timing your purchase as a buyer based on home prices and mortgage rates or knowing what to upgrade or repair before listing your house as a seller, it takes a professional to guide you through those decisions. Lean on a real estate advisor to help separate fact from fiction in today’s housing market.
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Housing Wire
APRIL 22, 2022
The mortgage market is facing a crisis today, and it’s being fueled by fast-rising interest rates. The rate escalation started at the beginning of this year and is continuing to play out. It’s a crisis that one industry executive describes as “a situation where we have to get the pig through the belly of the python.”. The mortgage industry, really the entire economy, is coping with fast-rising inflation further aggravated by jammed-up supply chains, the escalating war in Ukraine, and the related
Eye on Housing
APRIL 22, 2022
An earlier post revealed that 67% of buyers who were actively engaged in the process of finding a home in the 1st quarter of 2022 have spent 3+ months searching for a home without success. By far, the most common reason these long-term searchers cite for not having bought by now is their inability to find an affordable home (48%). .
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Housing Wire
APRIL 22, 2022
Nima Ghamsari, CEO and founder of mortgage fintech Blend Labs. Publicly traded mortgage tech company Blend Labs isn’t changing its strategy to survive a shrinking mortgage market, even though a drop in originations is sapping its revenue stream and forcing it to trim its workforce. The Nima Ghamsari-led fintech is doubling down on its long-term strategy to offer a complete digital origination journey for clients.
RIS Media
APRIL 22, 2022
eXp Realty ® has announced it has exceeded 80,000 agents globally, representing an increase of 50% when compared to 53,379 agents in April 2021. Glenn Sanford, founder, CEO and chairman of eXp World Holdings recently commented on the accessible leadership traits that underpinned eXp’s success as what he calls “the most agent-centric real estate brokerage on the planet.”.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
RIS Media
APRIL 22, 2022
Referrals are the lifeblood of any business, and real estate is no different. In fact, referrals are so vital in real estate that many agents focus their entire business around generating them. And it makes sense—after all, what could be better than having a constant stream of high-quality leads coming in, day after day? But, how do you get that stream of leads that will fill your pipeline?
Housing Wire
APRIL 22, 2022
Starting May 25, “several hundred” real estate agents in the Raleigh, North Carolina and Denver metro areas will no longer have access to Premier Agent , thanks to major changes coming to Zillow ’s lead generating platform. In a letter posted on Zillow Group ’s blog page on Wednesday, SVP of business operations Stephen Capezza told agents that Zillow would be moving to a “post pay” or “success fee” payment structure in Raleigh and Denver.
RIS Media
APRIL 22, 2022
BoomTown announced the next evolution of its Success Assurance program, offering full database monitoring and engagement in addition to qualifying and engaging new leads on an agent’s behalf. “Any effective website or CRM should be monitoring behavioral data, but it’s the actions taken on those insights that drives success and realizes ROI for real estate businesses,” said Grier Allen, CEO & President of BoomTown.
The Mortgage Report
APRIL 22, 2022
Today’s mortgage and refinance rates Average mortgage rates rose yesterday, setting a new recent high. Indeed, it’s a new high for longer than just recently: You have to go back […].
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.
Eye on Housing
APRIL 22, 2022
A growing segment of prospective home buyers aren’t moving past the planning stage. At its peak in mid-2021, 61% were actively trying to find a home to buy. Now, the share is back to pre-pandemic levels, at 46%. This is clear evidence that higher mortgage rates and double-digit growth in home prices are discouraging a growing share of buyers from.
RIS Media
APRIL 22, 2022
Constellation1 has announced that it has been selected by Redfin to provide MLS data delivery and processing via the Constellation1 Real Estate Data APIs. The deal reinforces the commitment of Constellation1 to providing top-tier data quality and services to brokerages, franchises, MLSs, and vendors, the company stated. ?. According to a company statement, Redfin relies on access to high-quality listing data capable of providing real-time updates to power its brokerage, website, and apps, includ
Lighter Side of Real Estate
APRIL 22, 2022
Anyone who’s seen Ozark knows that Marty Byrde is the epitome of cool, calm, and collected in even the most stressful situations. It’s enviable for anyone really, but real estate agents can certainly relate to how he keeps his composure in any situation more than most people. While the stakes aren’t nearly as high as what Jason Bateman’s character faces on a daily basis, agents know all too well how to bite their tongue and respond in a calm way to things that are making them scream on the insid
RIS Media
APRIL 22, 2022
Everyone in real estate, particularly brokers and team leaders, face significant challenges as they try to run a profitable business in 2022. Historically low inventory, buyers flooding houses with offers, turbulent recruiting and retention conditions—we’ve heard it all. We talk a lot about the importance of planning for times such as this, and for good reason.
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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.
App Folio
APRIL 22, 2022
As society returns to a “new normal,” it’s more important than ever to develop a different perspective on how we.
McKissock
APRIL 22, 2022
In an appraisal assignment, an extraordinary assumption is employed to presume certain unknown information as fact. An extraordinary assumption is related to a specific assignment, and takes information that is unknown as of the effective date of the assignment results and assumes it to be true. If this assumption were found to be false, it could affect the appraiser’s opinions and conclusions.
Lighter Side of Real Estate
APRIL 22, 2022
There are more folks who get their license and leave the business within a year or two than there are ones who make it. It looks so appealing and even easy from an outsider’s point-of-view…. There’s so much freedom. The money seems incredible. It even seems like a downright sexy profession where you just dress nice, drive a sweet set of wheels, show some houses, and have lunch meetings at expensive places while negotiating a deal or two.
Real Trends
APRIL 22, 2022
There is doubt that lead generation programs are big money makers — for those selling those leads to agents, or for brokerages getting agents to come to them with a promise of leads. In my opinion, they are huge money- and time-suckers for agents, however. I believe Steve Murray (senior advisor to RealTrends ) once wrote about how agents are paying on average from these sources of over $3,300 per closed lead.
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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.
RIS Media
APRIL 22, 2022
While it’s not the wave that forecasters expected back in 2020, life after a nationwide foreclosure moratorium has resulted in a seemingly dramatic uptick in U.S. activity, according to recent reports by ATTOM Data Solutions. The organization released its Q1 2022 U.S. Foreclosure Market Report , which shows 78,271 U.S. properties with a foreclosure filing during the first three months of 2022.
Brownstoner
APRIL 22, 2022
Our picks for open houses to check out this weekend are found in Clinton Hill, Bay Ridge, Windsor Terrace and West Midwood. They range in price from $1.6 million to $3.5 million. In the Clinton Hill Historic District, this 1870s Italianate is need of an old house lover looking to take… Read More > The post An Estate Condition Clinton Hill Italianate and Three More to See, Starting at $1.6 Million appeared first on Brownstoner.
Dwell Real Estate
APRIL 22, 2022
The median sales price for a single- family home in the North Port-Sarasota-Bradenton metro area has been broken once again, according to the Realtor Association of Sarasota and Manatee. Last month, the median single-family home sold in the two-county area for $500,000 — the first time the median sales price has reached half a million dollars.
RIS Media
APRIL 22, 2022
Mortgage applications for new home purchases decreased 5% compared to a year ago, according to the Mortgage Bankers Association’s (MBA) March 2022 Builder Application Survey (BAS). Compared to February 2022, applications increased by 10%. This change does not include any adjustment for typical seasonal patterns, as buying generally picks up in spring.
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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.
Brownstoner
APRIL 22, 2022
In the News Four Who Helped Catch Subway Shooting Suspect Get City’s Thanks [NYT] Inside the Rockin’ Brooklyn Firehouse Home We Bought for Just $175K [NYP] ‘Something Out of a Movie’: Kensington Fire Injures Eight [BP] The Man Dubbed Brooklyn’s ‘Most Dedicated Volunteer’ [BK Reader] Mission Sandwich Social Will Bring 'Big, Saucy' Subs to 'Burg… Read More > The post Daily Links: Citizens Who Assisted in Capture of Sunset Park Subway Shooting Suspect Honored appeared first on Brownstoner
Toronto Realty Blog
APRIL 22, 2022
TorontoRealtyBlog. Those of you who are not currently working in the real estate industry probably aren’t familiar with the publication, “Real Estate Magazine,” or REM as we know it. REM’s “About Us” section reads: REM (Real Estate Magazine) is Canada’s premier monthly magazine for real estate professionals. REALTORS®, real estate agents, sales representatives, brokers, owners, administrators, and other real estate industry stakeholders read REM every month
RIS Media
APRIL 22, 2022
In this highly competitive housing market, the persistent low inventory of existing homes has led many buyers to look to new construction as an opportunity to customize a home to their needs, without having to beat other buyers to the closing table. However, the challenge for homebuilders to meet this growing demand, without sacrificing quality, has been compounded by obstacles such as labor shortages, inflated material costs, and supply-chain delays.
Brownstoner
APRIL 22, 2022
After one of Brooklyn Heights’ staple restaurants closed its doors in 2019, a couple who loved the eatery made it a mission to bring its signature meals back to the neighborhood. When Vineapple Cafe, an Italian-esque eatery located on Pineapple Street just blocks from the Brooklyn Heights Promenade first closed for… Read More > The post Loyal Customers Bring Brooklyn Heights’ Popular Vineapple Cafe Back to Life appeared first on Brownstoner.
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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.
RIS Media
APRIL 22, 2022
Catch Up on This Week's Biggest Stories. /wp-content/uploads/2022/04/Headliners_042322_OPT.mp4. RISMedia Executive Editor Maria Patterson delivers this week's Headliners, a video recap of the week's most important stories in real estate. Share on Facebook Share on Twitter. Read This Week's Top Stories. Life After Conservatorship: FHFA Preparing Fannie and Freddie for the Eventual Exit.
Realty Biz
APRIL 22, 2022
Suppose you or someone you love has been injured in an accident. In that case, it is critical to seek the assistance of an experienced personal injury lawyer before talking to the insurance company. Once you have legal representation by your side, you will significantly increase your chances of securing a fair settlement for your claim. . Tactics Used by Insurance Adjusters.
Sotheby's International Real Estate
APRIL 22, 2022
Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Naples, Florida | Rebecca Sinatra, Premier Sotheby’s International Realty. A bayfront estate in Naples Bay, Florida, with 158 feet of water frontage has hit the market with a $25 million asking price. Naples, Florida, Bayfront Estate With a Private Dock Listed for $25 Million – Mansion Global.
Realty Biz
APRIL 22, 2022
Leads are the lifeblood of the real estate industry, and yet there are different levels of value represented by each one that you generate. Knowing how to evaluate leads is therefore an important skill; just as crucial as generating them in the first place. With that in mind, let’s look at how to handle lead generation, and what aspects you have to analyze when carrying out an evaluation.
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