BubbleInfo
MARCH 3, 2023
Between the lawsuits that will decouple commissions and homes.com that funnels all inquiries back to the listing agent, the buyer-agents are cooked. It’s just a matter of time. Hat tip to RE News – an excerpt: Florance also detailed his vision for Homes.
Housing Wire
MARCH 3, 2023
Inflation is hot, so why aren’t mortgage rates over 10% like we saw in the 1970s? Put those disco pants back in the closet; this isn’t the 1970s, John, and the bond market has been saying this to anyone who would listen. Mortgage rates have trended up to over 7% while the 10-year yield has been around 4%, so everything is in the top-end range of my 2023 forecast.
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Real Estate News
MARCH 3, 2023
Newly built homes continue to lose square footage. But agents see an upside for buyers seeking more affordable options.
Housing Wire
MARCH 3, 2023
Real estate valuation technology provider Clear Capital on Thursday launched Universal Data Collection (UDC), a product designed to support appraisal modernization. The UDC product provides lenders with tools for scalability, interchangeability and loan management, according to a statement. UDC will provide fast and accurate collection of data, pursuant to Freddie Mac and Fannie Mae data standards, when lenders receive “loan eligibility for agency loan programs that allow for an inspection-based
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Real Estate News
MARCH 3, 2023
A recent panel discussion concluded that the industry, from lenders to agents, should take note: Millennials are a massive cohort with unique challenges.
Housing Wire
MARCH 3, 2023
Executives at Rocket Companies are engaged in a very tricky balancing act: they must drastically reduce expenses to return the company to profitability. And at the same time they must continue to invest in their business to avoid losing further ground in a mortgage market that doesn’t play to Rocket’s natural strengths. The lender has made several big reductions in force in recent months.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Inman
MARCH 3, 2023
To help you avoid mistakes that will hamper your growth and damage your online presence, social media expert Katie Lance lays out the most common marketing myths and why they’re wrong.
Real Estate News
MARCH 3, 2023
Founder Dave Liniger encouraged attendees to focus on growth and adaptability, while CEO Nick Bailey said agents shouldn't be afraid to "get loud.
Inman
MARCH 3, 2023
On the heels of RE/MAX's 50th anniversary and R4 conference, RE/MAX CEO Nick Bailey shared with Inman a sneak-peek into the franchisor's tech and growth strategy for 2023.
Sotheby's International Real Estate
MARCH 3, 2023
Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Valparaiso, Chile | Chile Sotheby’s International Realty This two-story home in Valparaiso, Chile, was built intentionally so the common spaces and bedrooms were exposed to the northwest views of the ocean, beaches and the city of Maitencillo.
Advertiser: Trellis
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Inman
MARCH 3, 2023
The two-day Christie's International Real Estate conference in the Cayman Islands drew broker-owners — including Aaron Kirman in his debut at the event — from four continents and around two dozen U.S. states.
Broke Agent Media
MARCH 3, 2023
BAM Key Details : A new Redfin report shows a record share of home buyers on Redfin.com looking to relocate as high housing costs drive 24.9% of them to more affordable metros. Miami is the number one migration destination by net inflow while San Francisco, Los Angeles, and New York rank as the top three migration origins by net outflow. The share of relocating home buyers is 0.4% higher than Q4 2022 and up from 22.8% a year ago and about 18% before the pandemic.
Inman
MARCH 3, 2023
There are four stages in the listing process that offer unique opportunities to market both the listing and yourself, Jimmy Burgess writes. Here are 23 ways to turn your latest listing into multiple deals.
Broke Agent Media
MARCH 3, 2023
BAM Key Details: According to a new Zillow® survey, 84% of Americans who sold a home for the first time in the past two years have regrets. The top four regrets of first-time sellers include decisions regarding pricing, online impressions, timing and home improvements. In the midst of a red-hot seller’s market, where multiple offers, over-ask bids, and waived contingencies were the norm, it’s hard to believe anyone would regret selling their home over the past two years.
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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.
Inman
MARCH 3, 2023
The National Association of Realtors said increasing the nation's inventory is one solution to address homeownership gap. The trade group is eying 3 million net new Black homeowners by 2030.
Maximum Exposure Real Estate
MARCH 3, 2023
Everything You Need to Know About Closing on a House Understanding the house closing process is essential for a first-time buyer. The more you know about the steps for closing on a house, the less likely you’ll make mistakes. When you are preparing to close on a home, it can feel like you are near […] The post The Process of Closing on a House Step By Step appeared first on Maximum Real Estate Exposure.
Inman
MARCH 3, 2023
The optimal retirement planning strategy may differ depending on the stage of the agent's career. According to CFP Jordan Curnutt, agents must be fully aware of the options available to ensure they are using the best plan to make the biggest impact on their financial future.
Toronto Realty Blog
MARCH 3, 2023
TorontoRealtyBlog I have to start with the best this week, and let me assure you: this might make my “all time faves” list. I recognize that real estate is expensive in the city, and that goes for both purchase and rent. So while I don’t want to come off as unsympathetic to those that are trying to find a place to rent, I did find this MLS listing humourous.
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.
Inman
MARCH 3, 2023
If you want to keep your pipeline full, you can't slack off on marketing. Take this quiz to find out if you're doing everything you can (and should) be doing now.
Agent Fire
MARCH 3, 2023
Only a few months after its release, ChatGPT has already changed the way real estate agents do business. This is why it's made such a big impact and how to make the most of the tool.
Inman
MARCH 3, 2023
The median U.S. home sale price declined marginally between February 2022 and 2023, clocking in at $350,426, according to new data released Thursday.
Realty Biz
MARCH 3, 2023
There are several key items to take care of after purchasing a new home in 2023. Congratulations! The journey to homeownership is just beginning – and there are lots of important factors to keep in mind. Homeowners face a wide range of different daily tasks and serious responsibilities. Many of these obligations begin immediately after the closing day.
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.
Inman
MARCH 3, 2023
While gathering leads is certainly the goal, the best ones will come to those agents who leverage Real's connectivity to each other, and who remain active in curating relevant market content.
McKissock
MARCH 3, 2023
Fannie Mae updates its Selling Guide to include more options for property valuations. Early signs of a housing market rebound are halted by rising interest rates. A new episode of Beyond the Numbers with McKissock Appraisal interviews Robbie Wilson to learn how his company, RSDS, is working to increase appraisal diversity. Registration is now open for the 2023 Appraiser’s Conference and Trade Show (ACTS).
Inman
MARCH 3, 2023
The Ohio bank's $9 million pledge to promote ownership in Black and Hispanic neighborhoods is the sixth since the DOJ launched an initiative to combat redlining in October 2021, with lawsuits generating $84 million in relief to date.
BubbleInfo
MARCH 3, 2023
Combining the January and February stats gives us the larger sample sizes to better identify the trends. The sellers are doing a phenomenal job at restricting the supply, and there have been enough buyers to keep the momentum going.
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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.
Inman
MARCH 3, 2023
It's the highest price yet for the former Ramsey home, which hasn't sold in nearly 20 years despite several attempts in the $2 million range.
Real Trends
MARCH 3, 2023
The Real Brokerage is celebrating a new addition, with the largest team to date joining the firm. The 20- person Jason Martin Group announced Thursday that it was leaving @properties to join The Real Brokerage. Based in the Washington, D.C. area, the team is led by Jason Martin and John Coleman. “Jason and his team possess an entrepreneurial spirit that guides their passion for providing their clients with unsurpassed knowledge of the local market and service excellence that has made them one of
Inman
MARCH 3, 2023
Catch up on the most-read stories of the week, as determined by Inman readers. Here's Inman Top 5 for Feb. 24 - March 2, 2023.
Zillow Market Reports
MARCH 3, 2023
Asking rents climbed by $6, or 0.3%, from January to February. That is the first monthly increase in rents in five months, since they last rose in September 2022. The 0.3% increase is only somewhat smaller than the typical February increase of 0.4%, averaged over data from 2016 to 2020, suggesting that the rental market remains somewhat cooler than normal.
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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