Wed.Jan 04, 2023

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Real Estate Client Relationships 

Easy Agent Pro

Anyone who has been in the real estate industry for a while understands the importance of building relationships with leads and clients alike. It is the very first step of the sales funnel and until you build a solid relationship, you can’t do the fun part of matching someone with the perfect property. Like any other sales-driven occupation, real estate agents need to focus on building relationships that show leads and clients that they are a trusted authority with the skills and expertise neede

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How title companies are combating wire fraud

Housing Wire

Cyberattacks, particularly wire fraud through business email compromise, remain a major concern for the title industry. Attempted attacks increased significantly, according to a 2022 survey by the American Land Title Association , with 46% of respondents saying their employees receive at least one email a month attempting to change wire or payoff instructions.

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Avoid the Rental Trap in 2023

Keeping Current Matters

If you’re a renter, you likely face an important decision every year: renew your current lease, start a new one, or buy a home.

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Housing Market Recession

Housing Wire

This article is part of our 2022 – 2023 Housing Market Forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business.

Marketing 532
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The 2025 Real Estate Roadmap to Success

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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Canadian Real Estate Bubble May Crash Until 2025 As Indicator Flashes Warning

Better Dwelling

Canada’s real estate bubble is popping, and another indicator is flashing a warning. Residential investment as a share of GDP fell again in Q3 2022, after peaking a year before. Such a large drop in housing investment has only ever preceded the popping of a real estate bubble. Central bank research also indicates real home […]. The post Canadian Real Estate Bubble May Crash Until 2025 As Indicator Flashes Warning appeared first on Better Dwelling.

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New cash-out fees add to pain for mortgage lenders

Housing Wire

The last week of the calendar year is usually a slow time for the mortgage industry, but 2022 was something else. It represented the lowest level of activity in 27 years. “With mortgage rates still well above 6% and the threat of a recession looming, mortgage applications continued to decline over the past two weeks to the lowest level since 1996,” Joel Kan, Mortgage Bankers Association ‘s vice president and deputy chief economist, said in a statement.

Mortgages 529

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FormFree raises $55,000 for American Red Cross

Housing Wire

Mortgage technology provider FormFree gives back to those in need in Northeast Georgia in a big way. FormFree hosted its third annual Heroes Golf Classic and raised nearly $55,000 for the American Red Cross. The donations will go toward disaster relief and hosting future blood drives. The CEO of FormFree, Brent Chandler, is also on the board of directors for the American Red Cross.

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What Buyers Want in a Home: Top Must-Haves in 2023

HomeLight

In the age of social media, smartphones and AI algorithms, there is no shortage of information on how you should remodel your home to increase its value. But you only have so much time and money, and if you’re looking to sell your home in the future, the fact remains that there’s only there’s only one opinion that matters: The buyer’s. What buyers want in a home, and which projects are worth taking on?

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Eyeing expansion, Go Mortgage snags 160+ former FoA employees

Housing Wire

More than 160 employees from the now-shuttered Finance of America Mortgage have landed at Go Mortgage , a Columbus, Ohio-based lender. After Finance of America Companies closed its forward mortgage origination unit in October, a total of 21 FoA retail branches transitioned to Go Mortgage, said Steven Reich, a division president at Go Mortgage and former executive at FoA, in an interview with HousingWire.

Mortgages 508
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Construction Job Openings Likely Peaked

Eye on Housing

The count of open, unfilled jobs for the overall economy declined slightly in November, falling from 10.51 million open positions to 10.46 million. This represents a decrease from a year ago (10.92 million), a sign the labor market is slowing in response to tighter monetary policy. The degree of this slowing will be critical for the ongoing downshift in the.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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PrimeLending sues FCM for poaching 10% of its workforce

Housing Wire

Texas-based PrimeLending is suing its direct competitor , First Community Mortgage, Inc. (FCM), for raiding its talent pool. . According to a lawsuit filed on December 20 in a district court in Tennessee, First Community Mortgage, Inc. (FCM) orchestrated a mass departure of PrimeLending’s Mid-America employees — who allegedly left on the same date without notice. .

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Real estate is experiencing a historic home pricing correction

The American Genius for Real Estate

Peeking into 2023, the real estate market outlook is changing dramatically because of central banks raising interest rates.

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Former FoA exec Kathryn Amor joins Guaranteed Rate

Housing Wire

Kathryn Amor, former senior vice president of Finance of America Companies (FoA), has taken on a new role at Guaranteed Rate as the Chicago-based lender looks to diversify its product mix amid the mortgage downturn. Amor, whose title is senior vice president and head of enterprise products at Guaranteed Rate, joined the capital markets team, where she will “oversee all product offerings in this rapidly changing market,” the firm said in December.

Finance 393
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7 Kitchen Improvement Projects That Offer the Best and Worst Return on Investment

Realtor.com

Photo by Cynthia Lynn Photography via Houzz When taking on a kitchen renovation , wouldn’t it be nice to decorate to your heart’s content without any regard for what will appeal to future buyers? You might be in love with the idea of a built-in rotisserie oven or a tile backsplash that depicts your favorite mythical creature. But are these specific features going to have universal appeal when it comes time to sell?

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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

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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Bob Hope’s house in Palm Springs, an architectural masterpiece

Fancy Pants Homes

The 23,000-square-foot steel, concrete, and glass masterpiece that was once home to comedian/actor Bob Hope is one of the most unique celebrity homes of all time. Custom-built for Dolores and Bob Hope by one of the most noteworthy American architects of the twentieth century, John Lautner, the property is well known for both its architecture and the many famous guests that it entertained throughout the years.

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Should you buy the most expensive house you can afford? (Podcast)

The Mortgage Report

It's tempting to max out your preapproved home buying budget. But experts warn against buying the most expensive house you can. Here's why.

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Builders Are Getting Frustrated, And Now They’re Doing This

Bigger Pockets

The mixture of (relatively) high interest rates and economic volatility with the fact most homeowners have fixed, low-interest rate debt had induced what real estate economist Bill McBride refers to as the “sellers […].

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Renovated West Midwood Standalone With Wood Burning Fireplace, Parking Asks $2.5 Million

Brownstoner

This early 20th century standalone got a recent makeover that left the charm of the front porch intact while giving the interior a new look that included partly opening up the floor plan of the first floor, renovating all of the wet rooms and adding a bathroom. Left intact inside… Read More > The post Renovated West Midwood Standalone With Wood Burning Fireplace, Parking Asks $2.5 Million appeared first on Brownstoner.

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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

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.

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Seller Concessions: What is a Seller Concession and How Do They Work

Maximum Exposure Real Estate

Everything You Need to Know About Seller’s Concessions Have you heard a real estate agent using the term “seller’s concessions” or “selling concessions” and wondered what it meant? Buying a home can stretch your finances to the limit, with closing costs that could be as much as 5% of the purchase price. This can make […].

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Honey, Who Shrunk the Landmarks? Brooklyn Buildings Make Up Custom Lego Set

Brownstoner

Historic Brooklyn landmarks, including the Carroll Street Bridge, Park Slope row houses and the arch at Grand Army Plaza, have been turned into a buildable Lego model as part of a prominent Brooklyn architecture firm's anniversary celebrations. Although not available for purchase, the quaint model still provides eye-candy and possible craft… Read More > The post Honey, Who Shrunk the Landmarks?

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What is an Appraisal Gap Coverage Clause and Guarantee

Maximum Exposure Real Estate

What Does Appraisal Gap Mean in Real Estate Many things happen when you buy a new home, and sometimes things don’t go your way. When purchasing with a mortgage, one issue you can have is an appraisal gap. If there is an appraisal gap, you could lose your dream home. We will take an in-depth […]. The post What is an Appraisal Gap Coverage Clause and Guarantee appeared first on Maximum Real Estate Exposure.

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Daily Links: Thousands Petition to Keep ‘Burg’s Berry Street for Traffic, Not Bike Boulevard

Brownstoner

In the News Eric Adams Said He Wanted to ‘Get Stuff Done.’ Did He? [NYT] She’s Building a Little Jewish Magazine on Big Ideas [NYT] Mayor Ticketed Again for Rats at His Bed Stuy Row House [NYDN] Thousands ‘Wash Off the Old Year’ at Coney Island Polar Bear Plunge [BP] DoBro Pan-African Restaurant, Amarachi, in… Read More > The post Daily Links: Thousands Petition to Keep ‘Burg’s Berry Street for Traffic, Not Bike Boulevard appeared first on Brownstoner.

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The Broker Action Plan for the Post-NAR Lawsuit Landscape

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.

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Mortgage and refinance rates today, Jan. 4, 2023

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates had a decent day yesterday, falling moderately. That was overdue after a couple of bad weeks. But it was a great way […].

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Lawsuits Accuse Brooklyn-Based BK Lobster Chain of Fraud, Wage Theft, Unpaid Rent

Brownstoner

This article was reported and published in a partnership between Brooklyn Paper and THE CITY. BK Lobster, a seafood restaurant that started in Brooklyn and has expanded rapidly across the country, sold multiple franchises in New York without registering them, in violation of state law, THE CITY and Brooklyn Paper have… Read More > The post Lawsuits Accuse Brooklyn-Based BK Lobster Chain of Fraud, Wage Theft, Unpaid Rent appeared first on Brownstoner.

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Don’t Worry About Home Prices Dipping This Year (Unless You’re Among This 3% Of Homeowners)

Lighter Side of Real Estate

It’s natural for people to be concerned that they’re buying a house when prices are at their peak, and people worry about that in almost any market. So when you start hearing news about the market shifting, and home prices coming down, you might wonder if your house is worth less than you paid for it (if you bought it in the past couple of years). It can (and does) happen.

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The Simple Anti-Decorating Trend That Will Revolutionize Your Home in 2023

Realtor.com

Getty Images / @_sightunseen_ via Instagram Think you need a big budget and top-notch taste to achieve a well-designed home? On the contrary, the days of having museum-level interiors are waning, and a new approach is gaining momentum. Meet the anti-decorating trend that’s the brainchild of Monica Khemsurov and Jill Singer , founders of Sight Unseen and authors of their debut book, “ How To Live With Objects.” The basic premise will feel like a breath of fresh air to anyone who

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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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The Keys to Goal Setting for Real Estate Agent Growth in 2023

Agent Fire

Setting New Year's resolutions for your real estate business is easy. Finding the right strategies to take you from goal to achievement is the challenge. The Keys to Goal Setting for Real Estate Agent Growth in 2023 is just one of many great real estate strategies on The Spark.

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AgentPulse Q1 2023: 50% of agents surveyed use buyer rep agreements

Real Trends

Buyer representation agreements aren’t new, but many buyers’ agents just don’t use them. “We see more buyers in our area calling us directly as the list agent in a property,” said a sales associate with an independent brokerage in Tampa, Florida. “We are allowed to double-side [transaction brokerage]. Buyers’ attitudes appear to be that the list agent knows the most about the property.

Agents 88
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How Property Listing Portal Can Elevate Brokerage Business

Realty Biz

The pandemic has made it clear that the old way of home search does not work anymore. People have developed new digital behaviors and now expect: to have information about properties available in real-time online. less face-to-face or over-the-phone communication with a broker and more digital experience. to be able to reach out to buyers/sellers directly.

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Staying Safe When Selling Your Home

Windemere Selling

Staying organized while selling your home can feel impossible, especially if you’re buying a new home at the same time. There’s also the pressure to keep your home clean and tidy for showings to prospective buyers. In all the chaos, taking the proper safety precautions can fall by the wayside, but it is something that should be prioritized. Keep these safety tips in mind as you work with your agent to sell your home.

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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

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.