Homebuyers Are Getting Used to the New Normal
Keeping Current Matters
JULY 18, 2023
Before you decide to sell your house, it’s important to know what you can expect in the current housing market.
Keeping Current Matters
JULY 18, 2023
Before you decide to sell your house, it’s important to know what you can expect in the current housing market.
Housing Wire
JULY 18, 2023
Agent recruitment has been off to a strong start this month at The Agency Dallas. In recent weeks the brokerage has welcomed brokers and agents who have collectively closed over $110 million in the last 12 months, the company claims. Among those top performing agents are Grecia “GG” Garza, Francisco Rizo, Bret Whitfield and Eddie Wilbanks. Garza is joining The Agency after nine years at Rogers Healy Associates , where she closed $20 million in sale volume last year.
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Real Estate News
JULY 18, 2023
NWMLS launches app; New Mexico MLS adopts Aligned Showings; CRMLS updates member dashboard; iGo acquires products; Clear Capital integrates with ICE API; more.
Housing Wire
JULY 18, 2023
Minneapolis-based U.S. Bank , the fourth-largest U.S. mortgage lender, is laying off staffers in its mortgage division this week, a spokesperson confirmed on Tuesday. The announcement follows a decline in its mortgage originations in the first quarter of 2023 – the second-quarter earnings will be released on Wednesday morning. The current jobs cut also comes amid rumors that depositary lenders would see changes to their residential mortgage capital requirements under the Basel III regulations.
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Real Estate News
JULY 18, 2023
While rising interest rates have slowed the rate of increase, confidence is at its highest level in more than a year.
Housing Wire
JULY 18, 2023
Under the latest rumored changes to Basel III regulations , large depository institutions would see residential mortgage capital requirements that far exceed international standards, according to a report by Bloomberg. The Federal Reserve , Federal Depository Insurance Corporation and the Office of the Comptroller of the Currency , which together regulate large depository banks, are expected to unveil the proposed changes on July 27.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
JULY 18, 2023
At an event marking the 55th anniversary of the passage of the Fair Housing Act (FHA) during the National Fair Housing Alliance 2023 National Conference, Federal Reserve Vice Chair for Supervision Michael Barr delivered remarks urging for the evolution of both the FHA and the Equal Credit Opportunity Act (ECOA) to reflect realities and dangers posed by emerging technologies in the mortgage space.
Inman
JULY 18, 2023
Thanks to low inventory and high mortgage rates, just 14 homes out of 1,000 changed hands in the first six months of 2023, the lowest rate in a decade, according to data released Tuesday by Redfin.
Housing Wire
JULY 18, 2023
For the seventh consecutive month, the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report rose month-over-month , gaining one-point to a reading of 56, according to a report released Tuesday. This is the index’s highest reading since June 2022. The NAHB/HMI report is based on a monthly survey of NAHB members, in which homebuilders are asked to rate both current market conditions for the sale of new homes and expected conditions for the next six months,
Inman
JULY 18, 2023
Palm Bay, Cape Coral and Tampa top WalletHub's list of the best markets for first-time homebuyers. However, a closer look at the rankings shows first-timers may need to sacrifice quality of life for affordability gains.
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Housing Wire
JULY 18, 2023
California Regional Multiple Listing Service (CRMLS) has announced the full release of its REcenterhub dashboard across its three MLS systems: CRMLS Matrix, CRMLS Paragon, and Flexmls. After being available as part of the REcenterhub ecosystem since 2022, it has now become the default dashboard for CRMLS’ user base of more than 110,000 real estate professionals.
Inman
JULY 18, 2023
From July 24 to 28, Century 21 and its affiliated companies will raise money for nonprofits that address food, healthcare and education inequalities. C21 corporate has pledged to match up to $50K in donations to longtime nonprofit partner, Easterseals.
Housing Wire
JULY 18, 2023
Denver, Colorado-based Maxwell , a mortgage fintech solutions platform, has announced that product development veteran Paul Wetzel has joined the company as senior vice president of product. Wetzel brings extensive experience in B2B and B2B2C software product leadership, mortgage-specific market strategy and company growth in various industries. In his new role, Wetzel will focus on enhancing and innovating Maxwell’s existing suite of software solutions by incorporating human-driven capabi
Inman
JULY 18, 2023
Current and pending laws nationwide represent an invitation for discrimination against the AANHPI community, Asian Real Estate Association of America President Kurt Nishimura writes.
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Housing Wire
JULY 18, 2023
In the fast-paced and demanding world of real estate , a happy and motivated team can be the key to long-term success. As a leader, it’s crucial to invest time and effort in nurturing your team’s satisfaction and well-being. Here are five effective strategies to keep your team members happy and engaged, fostering a positive and productive work environment that they want to be a part of year after year. 1.
Inman
JULY 18, 2023
Named for its distinctive wing-shaped roof that resembles a butterfly, the property was designed and built by architect Frank Wynkoop in 1951. The sale marks one of the priciest ever to close in the area.
Housing Wire
JULY 18, 2023
Bank of America (BofA), a top-20 U.S. mortgage lender, reported on Tuesday significant improvements to its home loan business in the second quarter of 2023, just as competitors JPMorgan Chase and Wells Fargo did late last week. But executives at all three banks expect some major regulatory headwinds. Rumors are that large banks would see residential mortgage capital requirements that far exceed international standards under the Basel III rules, which are expected to be unveiled on July 2
Inman
JULY 18, 2023
The co-founder of Countrywide Financial cast himself as the leader of the revolution to expand access to mortgage lending but became the public face of the subprime mortgage collapse.
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.
RIS Media
JULY 18, 2023
California Regional Multiple Listing Service (CRMLS) has fully released the REcenterhub dashboard across its three MLS systems (CRMLS Matrix, CRMLS Paragon and Flexmls). The REcenterhub ecosystem, available since 2022, has now become the default dashboard for all of CRMLS’ 110,000-plus users. The REcenterhub dashboard, developed internally by CRMLS, boasts new features to streamline productivity for… The post CRMLS Launches New Dashboard appeared first on RISMedia.
Inman
JULY 18, 2023
Higharc, which offers an enterprise-level homebuilding visualization and business operations solution, has received a $15 million investment from a trio of notable innovation backers headlined by Home Depot Ventures, the venture capital initiative of the massive home goods retailer, according to Higharc.
RIS Media
JULY 18, 2023
Above: Rob Thomson In an era where many brokerages are cutting costs and shrinking in the face of a downturn in the market, luxury broker Rob Thomson of Jupiter, Florida, is doing the exact opposite. He has just committed a $1.5 million contract to long-term technology and marketing partner Real Estate Webmasters (REW) in order… The post Jupiter Broker Rob Thomson Makes Million-Dollar Bet on AI + Global MLS appeared first on RISMedia.
Inman
JULY 18, 2023
Lloyd spent about four years at Compass before her move, Inman has exclusively learned. She has helped facilitate nearly $200 million in sales across New York City over the course of her roughly 10-year career.
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.
RIS Media
JULY 18, 2023
The National Association of REALTORS® (NAR) will host its virtual Real Estate Forecast Summit: Residential Update event Wednesday, August 2, 1 – 2 p.m. Eastern. The summit will provide an outlook on the residential housing market and commercial market, particularly for the second half of 2023. The forecast will be headlined by NAR Chief Economist… The post NAR to Host Virtual Real Estate Forecast appeared first on RISMedia.
Inman
JULY 18, 2023
Find out how New York City's Burt Savitsky helps clients navigate the complexities of the co-op board approval process while making the most his own inimitable style.
RIS Media
JULY 18, 2023
A total of 185,580 U.S. properties had foreclosure filings in the first six months of 2023, up 13% from the same time period a year ago and up 185% from the same time period two years ago, according to a new report from ATTOM. ATTOM’s Midyear U.S. Foreclosure Market Report found that nationwide, 0.13% of… The post Foreclosure Activity Ticks Up in First Half of 2023 appeared first on RISMedia.
Inman
JULY 18, 2023
Savvy investors recognize that when your vacation home is empty, it’s just draining your bank account. Here’s how to turn it into a lucrative short-term rental.
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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.
RIS Media
JULY 18, 2023
Builder confidence grew again in July due to a continued demand for new homes; however, high mortgage rates are causing concern, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). This is the seventh straight month of increases and marks the highest level since June 2022. “The lack of… The post Builder Confidence Continues to Grow appeared first on RISMedia.
Inman
JULY 18, 2023
The power of incremental change is monumental. Small improvements every day will compound into extraordinary results over time, team leader Carl Medford says.
RIS Media
JULY 18, 2023
Artificial intelligence and its role in the real estate brokerage business has been a hot topic as of late. From generating listing descriptions to conducting predictive analysis, artificial intelligence has had a rapid and widespread impact on the real estate industry, and business at large. The thought on the minds of many brokers today is… The post CEO & Leadership Exchange Preview: How AI Is Changing Your Business…for Better or Worse appeared first on RISMedia.
Inman
JULY 18, 2023
Helping your clients understand the psychology of a changing market will make the job of selling their home much easier, writes trainer Bernice Ross.
Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty
The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.
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