Housing Wire

AUGUST 4, 2023

Redfin was in the red yet again in the second quarter , but its losses are narrowing and it’s tweaking its unique brokerage model to court more experienced agents in pricey coastal areas. Redfin’s financials Revenues at Redfin fell 21% year-over-year to $275.6 million, down from $606.9 million a year earlier. The brokerage and portal’s real estate services division, its principle source of revenue, dropped to $180.6 million, a 28% decline.

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Real Estate News

AUGUST 4, 2023

Nearly a quarter of homeowners are considering selling in the next 3 years, according to a Zillow survey — a significant increase over prior surveys.

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Housing Wire

AUGUST 4, 2023

Achieving success as a real estate agent requires more than simply understanding the mechanics of the job. Yes, you should certainly be able to post an impressive listing and understand the ins and outs of closing, but helping buyers and sellers means cultivating a diverse set of skills to navigate a complex and ever-changing real estate market. Here are 10 essential skills every real estate agent should possess. 1.

Agents 370

Agents Technology Loan Officer Closing 370

Real Estate News

AUGUST 4, 2023

The Midwestern MLS, which covers parts of Missouri and Illinois, is investing in REdistribute, a data revenue-share program.

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MLS 246

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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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Housing Wire

AUGUST 4, 2023

Mortgage rates are finally headed lower after a crazy week of jobs data showing that the economy isn’t going into recession. Job growth is slowing as we get closer and closer to the target range of the make-up demand in labor, but it hasn’t broken yet. What do I mean by a make-up demand in labor? Assuming we had no COVID-19 and the economy continued as it had been — which was running at the most prolonged economic and job expansion ever recorded in history — we would be between 157 million ̵

Mortgages 370

Mortgages Staging As-is Closing 370

Keeping Current Matters

AUGUST 4, 2023

Want to know what experts say will happen in the rest of 2023?

Marketing 246

Marketing 246

Keeping Current Matters

AUGUST 4, 2023

Want to know what experts say will happen in the rest of 2023?

Marketing 245

Marketing 245

Housing Wire

AUGUST 4, 2023

eXp World Holdings faced headwinds in the second quarter, as persistently slow real estate sales drove the company’s revenue down 13% year-over-year to $1.2 billion, executives disclosed on Thursday. Despite the decline in revenue, the holding company for eXp Realty maintained profitability with a net income of $9.4 million, up from $1.5 million in the first quarter of 2023 and $9.3 million in Q2 2022.

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Brokerage Agents Sales Mortgages 369

Real Estate News

AUGUST 4, 2023

eXp gains 200+ agents from two brokerages; ERA and Century 21 add family-run affiliates; Engel & Völkers doubles SoCal presence; The Agency opens in Kelowna.

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Brokerage Agents 243

Housing Wire

AUGUST 4, 2023

Coldwell Banker Premier announced a merger with Coldwell Banker Professional Real Estate Services along with all of its sales associates, which further expands Coldwell Banker Premier’s office footprint into Cumberland, Maryland, and surrounding markets. This is the sixth merger by Coldwell Banker Premier since the beginning of 2022. Coldwell Banker Premier was named a 2023 RealTrends GameChanger for its 76% transaction side percentage growth over five years (2018-2022.

Agents 368

Agents Sales As-is Marketing 368

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.

Industrial

Inman

AUGUST 4, 2023

Over nearly three decades, these are the lessons that Jimmy Burgess has put into practice to grow. Put them to work for your business.

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Brokerage Agents 148

Housing Wire

AUGUST 4, 2023

Rates are high, housing inventory is down, and competition for new originations is fierce. Leaders across mortgage and banking are turning to their marketing partners with some variation of the same ask: “We need to improve the effectiveness and profitability of our campaigns, increase originations, and oh, by the way, budgets have been slashed — so any ideas better be cost-effective.

Banks 367

Banks Branding Mortgages Marketing 367

Inman

AUGUST 4, 2023

The company intends to prepare agents and homeowners for the "millions of new high-performing homes improved through the Inflation Reduction Act (IRA)," according to an announcement.

Agents 148

Agents Renovation Marketing 148

Housing Wire

AUGUST 4, 2023

Aurora Acquisition Corp. , the special purpose acquisition company planning to make public the digital nonbank lender Better.com , said on Thursday that the Securities and Exchange Commission (SEC) ended an investigation of the companies with no enforcement action. In July 2022, HousingWire reported that the SEC launched an inquiry into Aurora and Better to evaluate allegations of federal securities law violations, prompted by a former top executive’s lawsuit. “On August 3, 2023, S

Finance 361

Finance Mortgages Brokerage Agents 361

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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.

Brokerage

Inman

AUGUST 4, 2023

If, as an industry leader, you only care about female agents' production, and not their safety, think about what that makes you. We already know who you are.

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Industrial Agents Brokerage 148

Housing Wire

AUGUST 4, 2023

A new affordable housing law passed by Florida’s legislature and signed in March by Gov. Ron DeSantis is reportedly creating anxiety among local elected officials who are concerned that the new law cedes too much control over zoning and other matters to the state government. The “ Live Local Act ,” passed unanimously in the State Senate and by a vote of 103-6 in the House, represents a sizable investment in housing by incentivizing developers to construct affordable housing units while restricti

Land 360

Land Development Construction Commercial 360

Inman

AUGUST 4, 2023

Home transactions may be down, but you wouldn't know it from most brokerage payrolls. Real estate hiring churned along in July, according to new data from the U.S. Bureau of Labor Statistics.

Brokerage 148

Brokerage Marketing Construction Residential 148

Housing Wire

AUGUST 4, 2023

Data from the July jobs report released Friday fell roughly in line with expectations. Job gains came in lower than both the 278,000 monthly average for the first half of 2023 and the 399,000 average of 2022. Total nonfarm payroll employment increased by 187,000 jobs, compared to 209,000 in June , according to data released by the Bureau of Labor Statistics.

Marketing 358

Marketing Residential Construction Commercial 358

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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.

Agents

Inman

AUGUST 4, 2023

EXp's revenue fell 13 percent from the second quarter of 2022 to $1.2 billion, and its gross profit decreased 10 percent to $96.5 million, according to an earnings call Thursday afternoon.

Technology 148

Technology Brokerage Agents 148

The Close

AUGUST 4, 2023

If you’re relatively new to cold calling, getting hung up on or dealing with objections might have made you throw in the towel. What if I told you there is a way to minimize these common objections and never get hung up on again? OK, so you will still get hung up on… obviously, this isn’t magic. However, my team has used these simple scripts for years to deflect the objections that lead to the most hang-ups.

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Agents As-is Industrial New Construction 111

Inman

AUGUST 4, 2023

A rising tide of economists are backing away from early forecasts that the U.S. is very likely to enter a recession later this year or by the first quarter of 2024. But some still see dark clouds ahead.

Banks 148

Banks Lending Mortgages Marketing 148

Bigger Pockets

AUGUST 4, 2023

Goldman Sachs released its forecast for home prices through 2026. Here's what it said and what it means for investors.

Investor 98

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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.

Agents

Inman

AUGUST 4, 2023

Wondering what you missed this week? Catch up with Inman's Top 5 stories for the week of July 28 - Aug. 4, 2023.

Agents 148

Agents 148

RIS Media

AUGUST 4, 2023

The Houston Association of Realtors (HAR) and an AI solutions company Lundy Inc., have announced a voice-activated, ChatGPT-powered search service. This new tool offers a comprehensive home-buying experience for blind and visually impaired home buyers and sellers, the company stated. By using their voice, consumers can search listings on HAR.com via Amazon’s Alexa-powered devices by… The post HAR Launches Voice-Activated Search Tool appeared first on RISMedia.

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MLS Technology Industrial Agents 98

Inman

AUGUST 4, 2023

With some of the highest home prices in the nation, California buyers and sellers are having an abnormally difficult time managing higher mortgage rates, agents in the Golden State told Inman.

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Mortgages Agents Brokerage Marketing 148

Maximum Exposure Real Estate

AUGUST 4, 2023

Solar panel costs and their value are important considerations for homeowners. Factors like installation, panel quality, and incentives can impact the overall cost. Understanding the potential savings and payback period is crucial. Financing options, including leasing and loans, play a role in making solar panels more accessible. Additionally, solar energy offers environmental benefits and can […] The post How Much Do Solar Panels Cost For Homes?

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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.

Sales

Inman

AUGUST 4, 2023

The Detroit-based mortgage giant returned to profitability during the spring homebuying season by slashing costs and boosting its market share in the face of severe inventory shortages.

Marketing 147

Marketing Mortgages Sales Industrial 147

RIS Media

AUGUST 4, 2023

The newest generation of consumers is stepping into the home-buying scene—Generation Z. Although the characteristics and preferences of this generation (born between 1999 and the early 2010s) are still evolving, a segment is already actively buying and selling real estate. According to the National Association of REALTORS®’ (NAR) 2023 Home Buyers and Sellers Generational Trends… The post CRD Connect: Appealing to Gen Z Homebuyers appeared first on RISMedia.

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Industrial Agents 98

Inman

AUGUST 4, 2023

When a TikToker claimed that an entire neighborhood was up for sale, the portfolio listing sparked a debate over displacement and institutional investment.

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Investor Sales Brokerage Agents 147

Brownstoner

AUGUST 4, 2023

Our picks for open houses to check out this weekend are found in Brooklyn Heights, Fort Greene, Prospect Lefferts Gardens, and West Midwood. They range in price from $1.39 million to $10.995 million. 48 Garden Place Price: $10.995 million Area: Brooklyn Heights Broker: Compass (Barbara Wilding) Sunday August 6, 11 a.m.-12:30 p.m. See… Read More > The post A Brooklyn Heights Brownstone With Central Air and Three Others to See, Starting at $1.39 Million appeared first on Brownstoner.

Marketing 98

Marketing 98

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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.

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