Mon.Jan 23, 2023

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How to use market data to capture more listings

Real Trends

Real estate is all about relationships and many times your “in” comes in the form of the question: ‘How’s the market?’. How you answer helps you build a relationship with prospects. The answer can also position you as an expert when helping a potential seller during a listing presentation. That’s why a reliable source of housing market data is one of the best and easiest ways to improve your business.

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Housing Market Tracker: Purchase apps jump 25%

Housing Wire

Here’s the housing market rundown for the last week: Purchase application data had a solid week-to-week gain of 25%. That’s a big jump, but context is critical. Housing inventory decreased by 566 units, which is not a significant decline. Mortgage rates fell, but the bond market didn’t break what I see as a critical level, so for now, stabilization is more important.

Marketing 516
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Want To Sell Your House? Price It Right.

Keeping Current Matters

Last year, the housing market slowed down in response to higher mortgage rates, and that had an impact on home prices.

Mortgages 261
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Revolution Mortgage integrates Tavant’s Touchless Lending

Housing Wire

Mortgage lender Revolution Mortgage has partnered with Tavant, an AI-powered digital lending company, to integrate Tavant’s Touchless Lending product suite into Revolution Mortgage’s platform. Revolution Mortgage today launched Tavant’s Decision Analysis solution, a tool for underwriters and quality control that can integrate with lender ecosystems.

Lending 446
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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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Why eco-certification is driving value in luxury home sales

Inman

While you’ve likely encountered eco-certifications for homes, there are also eco-certifications for real estate agents. Here's what they are and why they matter to grow you book of business.

Sales 167
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Half of Q4 2022 transactions had wire and title fraud risks

Housing Wire

As discussions of cybersecurity and wire and title fraud risks continue to increase, so does the cost of cyber insurance. Per Insurance Insider’s examination of Beazley’s Cyber book, “U.S. cyber pricing increased 79% in Q2 [2022], compared to 110% in the prior quarter and 133% in December 2021.” And much of that coverage doesn’t even capture the wire and title fraud risks faced by stakeholders in the real estate industry.

Title 415

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Doma partners with paymints.io to limit wire fraud

Housing Wire

Real estate technology company Doma Holdings, Inc. partnered with digital payment software-as-a-service platform paymints.io, the company announced last week. Title and closing firms use paymints.io to allow homebuyers deposit their earnest money digitally and directly from their checking account. The aim of the partnership is to reduce the risk of wire fraud by adding paymints.io to Doma’s AgentMarketplace vendor partnership program.

Title 396
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23 binge-worthy real estate YouTube channels

Inman

YouTube offers some of the real estate industry's best. Social media expert Jessi Healey rounded up 23 real estate YouTube accounts worth binging to inspire, educate and inform you.

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Bank of Canada To Hike Rates, Leave Door Open For More: BMO

Better Dwelling

Canadian markets have begun discussing rate cuts, and that’s a reason we might not see one this year. BMO Capital Markets wrote to investors over the weekend, outlining their expectations for a rate hike this week. Their forecast currently sees the Bank of Canada (BoC) hitting pause after the next hike, but they warn it […] The post Bank of Canada To Hike Rates, Leave Door Open For More: BMO appeared first on Better Dwelling.

Banks 129
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What is the Word of the Year for Instagram in 2023?

Inman

In 2023, if you put an emphasis on the art of human connection and tap into the brains of your ideal clients, you have a chance to see the success you're after using the platform.

Marketing 148
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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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Fewer Adults are Planning a Home Purchase

Eye on Housing

The share of adults planning a home purchase in the next 12 months dropped to 13% in the final quarter of 2022, down from 15% in the previous quarter. The drop is not surprising, given that housing affordability worsened during this period, as mortgage interest rates surpassed 7.0% and reached levels not seen in nearly 20 years. In the third.

Mortgages 126
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Anywhere’s Sherry Chris: How to create lasting success in hard times

Inman

Ahead of her latest Inman Connect New York appearance, streaming on Jan. 25, Anywhere Expansion Brands CEO Chris shares what the latest string of layoffs means for the industry.

Branding 148
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Refinancing Your Mortgage vs. Selling Your Home in 2023

HomeLight

Do the historically high prices of food, energy and services we experienced in 2022 have you looking for more money in 2023? As a homeowner feeling financial pressure, you might consider refinancing your mortgage to get a lower rate or selling your home to cash out on the steep rise in home values over the last few years. The choice may be a difficult one, however, given recent interest rate hikes and historically high housing costs.

Mortgages 105
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Inside Real Estate reduces staff following BoomTown acquisition

Inman

Inside Real Estate CEO Joe Skousen confirmed the layoffs in an email to Inman, saying the cuts are the result of overlapping positions following the acquisition, which was first announced on Friday.

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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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The pandemic practices that real estate agents are sticking with

Real Trends

At the onset of the COVID-19 pandemic nearly three years ago, real estate agents across the country began preparing for the worst. “When COVID first started I thought we would all be sitting around doing nothing,” Katie French, a Hartford, Connecticut -based Coldwell Banker agent, said. “I thought it was going to come to a screeching halt.” Instead, the exact opposite happened.

Agents 105
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RealPage hit with second class-action suit alleging rent price fixing

Inman

Tenants in Florida claim the company oversaw a "cartel" that unfairly drove up the cost of rent in markets across the Sunshine State. The claim comes on the heels of a similar suit in California.

Marketing 148
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How Is The Downtown Rental Market?

Toronto Realty Blog

TorontoRealtyBlog Remember when the market was red-hot, there were 15-20 offers on every listing with an “offer date,” and listing agents got fed up with buyer agents calling and asking about the price expectations? We started to see listing agents put disclaimers in their listings. Something like this: ** Listing Agent Is Not Able To Avise On Seller’s Price Expectations** It was their way of saying, “Don’t call me.” There was some debate here on TRB about wh

Marketing 105
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How to navigate 2023 using your personal North Star

Inman

Charting your course is essential for navigating effectively. Team leader Carl Medford offers a guide to creating a set of beliefs and practices that help your company navigate through the unknown waters of their market.

Marketing 148
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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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Inside Real Estate cuts workforce shortly after BoomTown acquisition

Real Trends

Just days after acquiring proptech firm BoomTown , Inside Real Estate has cut its workforce, as first reported by Inman News. According to LinkedIn posts from former BoomTown employees, the layoffs occurred in the latter half of last week — at roughly the same time as the closure of Inside Real Estate’s BoomTown acquisition. Joe Skousen, the CEO of Inside Real Estate, told Inman that the cuts were the result of overlapping positions following the finalization of the acquisition.

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Fiery Tennessee estate in contract after setting social media ablaze

Inman

Listing photos on Zillow show firefighters extinguishing the blaze as the $1.5 million, 25-year-old mansion actively burns. The house is now under contract after just six days on the market, according to a listing on Zillow.

As-is 147
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Co-Living Could Become The Future Of Real Estate

Bigger Pockets

In 2022, 41% of renters spent more than 35% of their income on rent. As rental and living costs rise, wages are struggling to keep up.

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Lesson Learned: Don’t react in real time

Inman

Find out how this powerhouse team leader built a business that has earned the loyalty of financiers, celebrities, real estate investors, developers and a Who's Who of the city's artistic and cultural life.

Investor 113
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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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The Pros and Cons of a Mortgage Buy-Down for Homebuyers, According to Loan Experts

Realtor.com

Getty Images Tough financial times call for creative financing. Historically high mortgage rates and a cooling housing market have caused buyers and sellers to look for novel ways to stretch their dollar and seal a deal. Buyers, scared by lofty mortgage rates that threaten to add hundreds of dollars to their monthly housing bill, are seeking out mortgage buy-downs as a way to trim some of that excess.

Loans 104
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Inman Connect New York starts tomorrow — there’s still time to join

Inman

We’re officially going live Tuesday at ICNY at the Hilton New York Midtown. Meet us there, or join virtually. Register for a virtual ticket for live streamed sessions, plus access to all the replays.

Brokerage 113
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Discounted Frank Lloyd Wright Home in Illinois Needs a Buyer ‘With a Vision’

Realtor.com

Photo by IvoShandor / Creative Commons One of Frank Lloyd Wright ‘s earliest works is up for grabs, and it comes with a relatively modest $595,000 price tag. The three-bedroom, 1.5-bath space is located in Oak Park, IL , which has the country’s largest concentration of homes designed by the famed architect. The property’s price has dropped twice since its December 2022 listing at $770,000.

Design 103
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6 New Year’s Resolutions To Help You Buy Your First Home

Mandrona Group

With the new year comes new milestones to reach. And if this year you’d want to go beyond the usual.

Mortgages 102
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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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What Does a Seller’s Agent in Real Estate Do?

Maximum Exposure Real Estate

What Does a Seller’s Agent Do? Many people want to know what a listing agent is and what they do for their clients. As a real estate agent, you have an obligation to your clients to do everything you can to smooth the process of selling their homes. You are their advocate, the professional they […] The post What Does a Seller’s Agent in Real Estate Do?

Agents 98
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Unpacking the 2023 Real Estate Market

Broke Agent Media

Data comes at you from everywhere: the MLS, national news publications, real estate analytics firms, social media and more. It can be overwhelming to sift through all the information (which changes daily) and determine what’s relevant for your business—and your clients. In our upcoming BAM webinar , we’ll cut through the noise and give you key takeaways to make informed business decisions and stay ahead of the competition in 2023.

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What Home Buyers Should Expect in the Spring of 2023

Hank Miller Team

If it bleeds it leads, even if it's not accurate. Despite the constant caterwauling from the mass media about a housing crash, we are not seeing distress around the greater Atlanta market. That message however, is often taken at face value and some home buyers expect a bargain basement spring. Best advice as to what home buyers should expect in the spring of 2023.understand that it's not the spring of 2011.

Agents 98
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Fannie Mae Forecast: Affordability in the Housing Market will Take Time

Broke Agent Media

BAM Key Details: The Fannie Mae Forecast, published on January 20, 2023, lays out the findings and predictions of the Economic & Strategic Research Group (ESR). Their report includes an upward revision for 2022 GDP growth and a downward revision for home price growth in 2023, with home sales expected to remain subdued. On January 20, 2023, Fannie Mae released its latest forecast with the findings and predictions of their Economic & Strategic Research Group (ESR).

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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.