Thu.Mar 02, 2023

article thumbnail

112 Hours: Your No. 1 Priority as a Real Estate Agent

Tom Ferry

One month ago today, I was in Las Vegas with almost 3,000 top agents for Elite Retreat, a two-day event exclusively for our Elite coaching members. When I walked on stage to start the event, the first thing I did was give them two numbers: 112 & 2. Let me explain… There are 168 hours […] The post 112 Hours: Your No. 1 Priority as a Real Estate Agent appeared first on Tom Ferry.

Agents 81
article thumbnail

The 7% mortgage is back with a vengeance

Housing Wire

Mortgage rates are surging again due to sustained economic growth and continued inflation, eclipsing 7% on Thursday. And it could be a while before they tick back down, economists say. The 30-year fixed-rate mortgage on Thursday, March 2 touched 7.10% , up 16 basis points from 6.94 on Wednesday. The most recent survey by Freddie Mac measured 30-year fixed-rate mortgages at 6.65% for the week ending Thursday, driven by the 10-year Treasury surpassing 4.0%.

Mortgages 468
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Supply of homes for sale up 68% as buyers remain sidelined

Real Estate News

Realtor.com's monthly market report shows six straight months of increasing inventory.

Sales 279
article thumbnail

How non-QM lender A&D Mortgage grew origination volume in 2022

Housing Wire

When the entire mortgage industry saw volume drop by more than half in 2022, nearly every lender emerged with battle scars. Rising rates caused refinances to dry up, production plummeted, and pink slips were issued to employees. Non-qualified mortgage (non-QM) wholesale lender A&D Mortgage , however, saw origination volume increase by more than 31% to $3.2 billion in 2022, up from the previous year’s $2.2 billion, largely due to improvement in tech that helped pick up market share from compe

Mortgages 418
article thumbnail

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.

article thumbnail

Mortgage rates climb, may hit 7% soon

Real Estate News

Rates inched up again this week, adding to affordability challenges ahead of the spring shopping season.

Mortgages 264
article thumbnail

Real estate agents wonder if inventory levels will ever return to ‘normal’

Housing Wire

Temperatures are rising, the sun is setting later, and the daffodils are starting to peek their green leaves out of the earth — spring is coming. And just like the bears who are starting to wake up from their long winter naps, homebuyers and sellers are coming out of hibernation… or at least they normally do. Nationwide, pre-pandemic the first week of February typically marks the lowest point for housing inventory during the year, as sellers return to the market in time for spring, but since the

Agents 418

More Trending

article thumbnail

Aurora extends the Better.com merger deadline once again

Housing Wire

Blank-check firm Aurora Acquisition Corp. extended the deadline to complete its merger with struggling digital mortgage lender Better.com for the third time. The deadline for the merger is now September. The decision was made during Aurora’s shareholder’s meeting held on February 24, filings with the U.S. Securities and Exchange Commission (SEC) showed on Thursday.

Equity 396
article thumbnail

NAHREP CEO: 'We are driving growth in the homeownership space'

Real Estate News

Gary Acosta, the organization's co-founder and CEO, is focused on advancing homeownership among the growing segment of Hispanic consumers.

262
262
article thumbnail

Ginnie Mae promotes Valverde, seeks COO

Housing Wire

Ginnie Mae has promoted Sam Valverde to principal executive vice president, where he will serve as the the second-in-command to Ginnie Mae President Alanna McCargo. The government corporation is also seeking an executive vice president and chief operating officer to manage daily operations and round out the leadership team. In a statement, McCargo said she “relied heavily” on Valverde’s expertise and leadership over the past year.

Principal 393
article thumbnail

Equity Gains for Today’s Homeowners

Keeping Current Matters

Today’s homeowners are sitting on significant equity, even as home price appreciation has eased recently. If you’re a homeowner, your net worth got a boost over the past few years thanks to rising home prices. Here’s what it means for you, even as the market moderates.

Equity 257
article thumbnail

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.

article thumbnail

Real estate took a drubbing in Q4, but some companies still surprised

Inman

Brokerages, tech companies and mortgage providers all saw massive losses as the market soured at the end of 2022. But some leaders did have a few tricks up their sleeves.

Brokerage 158
article thumbnail

New and Notable Luxury Homes for Sale Over $10 Million | March 2023

Sotheby's International Real Estate

From a legacy estate in Aspen, Colorado, to an oceanfront compound in Skiathos, Greece, these are this month’s five featured notable properties for sale over $10 million. Aspen, Colorado Chris Klug, Soffia Wardy | Aspen Snowmass Sotheby’s International Realty Merry Go Ranch was one of the first properties built on Mclain Flats and has been held in the same family for almost 40 years.

Sales 125
article thumbnail

Real Estate Webmasters launches REWpert, a human-assisted AI tool

Inman

REWpert will allow customers to do more than craft listing descriptions. The company said REWpert will exercise more of what ChatGPT-maker Open AI intended its tool to do.

Design 158
article thumbnail

How to Find Cheap Houses for Sale

Realty Biz

House prices were at an all-time rise in 2021, with the average cost for a house at $400,000 as of 2022. Finding a real bargain can be a challenge if you're on the lookout for your dream home. However, this doesn't mean there are no good deals in the real estate market. The best way to start is to understand the market and create a plan. Read on to discover how to find cheap houses for sale.

Sales 120
article thumbnail

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.

article thumbnail

5 big business takeaways from RE/MAX’s R4 conference this week

Inman

RE/MAX hosted its latest annual R4 conference in Las Vegas this week. Here are the top tips to create an "unstoppable" business straight from RE/MAX execs, trainers and top producers.

Brokerage 148
article thumbnail

Wallpaper With Personality

Coldwell Banker

Wallpaper is back. And you’ll be glad it is – with all the exciting new colors, patterns and textures available to choose from. Today, stylish wallpaper is being used in small spaces, such as powder rooms and mudrooms, or as a beautiful accent, providing pops of color that brighten up an area or give it […] The post Wallpaper With Personality appeared first on Coldwell Banker Blue Matter.

As-is 119
article thumbnail

Broker Spotlight: Eric L. Zollinger, Elegran | Forbes Global Properties

Inman

Learn how this NYC broker leverages a wide-ranging background and award-winning marketing expertise to build an exceptional professional profile.

Marketing 148
article thumbnail

What to Ask During an Open House? 60 Questions for Homebuyers

HomeLight

An open house might be your first opportunity as a buyer to lay eyes on your new home. Online listings and printed one-sheets can only go so far, after all. Eventually, you just gotta take a look! Open houses can also be a strategic way to gain key information about a home. With the listing agent right there, it’s a perfect chance to ask questions about the finer details of the home’s history.

article thumbnail

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.

article thumbnail

Keller Williams’ Marc King on what he learned from the last recession

Inman

In this Inman Access class, Marc King of Keller Williams discusses key financial principles real estate professionals should implement to reach their goals and build wealth in their businesses.

Agents 148
article thumbnail

Signs Your Septic System Has Failed and Needs to Be Replaced

Realty Biz

Do you know the signs your septic system needs replacement? Nobody wants to think about it, but eventually, that day comes when you'll need to dig up your yard. It is a nightmare scenario for most homeowners due to the cost of replacing a septic system. It is certainly not cheap. It can put a damper on most people's budgets. Let's look at what you need to know about septic system replacement.

article thumbnail

Utah 1st state to ban long-term listing agreements enforced by lien

Inman

Legislation expected to go into effect April 1 addresses allegedly deceptive tactics employed by MV Realty and was based on a model bill drafted by American Land Title Association.

Title 148
article thumbnail

How to Buy a House in San Diego: 14 Steps to Close the Sale

HomeLight

Whether you’re a first-time home buyer or just new to Southern California, deciding when and how to buy a house in San Diego may feel daunting. But you’ve selected a great place to live. Known for its mild climate, beautiful beaches, and laid-back lifestyle, San Diego has long been considered one of Southern California’s most sought-after places to live, work, and play.

Closing 118
article thumbnail

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.

article thumbnail

Steady home-price growth to resume in 2024, experts predict

Inman

Price growth will pick back up in 2024 and hit a rate of 3.5 percent annual growth every year through 2027, according to a panel of housing experts surveyed by Zillow and Pulsenomics.

Marketing 148
article thumbnail

Guest Room Tips for the Warmest of Welcomes

Coldwell Banker

Opening your house to guests is one of the many joys of being a homeowner. You can make guests feel welcomed and comfortable by following these simple tips. Create the Ultimate “Flex” Room Flexibility is key in getting the most out of your guest quarters. If you host frequently, the room will likely be used […] The post Guest Room Tips for the Warmest of Welcomes appeared first on Coldwell Banker Blue Matter.

116
116
article thumbnail

Housing inventory shoots up as homes sit longer on the market

Inman

A new report from Realtor.com shows that homes were sitting on the market for an average of 67 days in February, up from just 44 last year at the same time.

Marketing 148
article thumbnail

How to Tell If You Should Repaint Your House Before Selling It

HomeLight

A HomeLight survey of over 1,000 top real estate agents nationwide found that, on average, fresh paint adds an estimated $7,571 in resale value for a 152% ROI. Considering that the average price to paint the entire interior of a home is $1,950 , it could be well worth the investment. But how can you tell if you should repaint your house before selling it?

Agents 116
article thumbnail

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.

article thumbnail

This little-known niche helps charities (and agents) get paid

Inman

Help your favorite non-profit unlock charitable gifts of real estate while you earn a full commission as well. Trainer and author Bernice Ross talks to Cami Baker about this little-understood marketing strategy.

Agents 148
article thumbnail

Optimizing Rental Applications

GeekEstate

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: Matrix Rental Solutions] A tenant analysis fintech platform, Matrix Rental Solutions has built a tenant scoring model called MAIA (Matrix Asset & Income Analysis) that allows landlords and property managers to underwrite and approve tenants quickly, particularly in the area of affordable housing.

article thumbnail

It’s official: New York remains the world’s priciest real estate market

Inman

More ultra-prime real estate transactions took place in New York in 2022 than anywhere else in the world, according to the 17th annual Wealth Report released Wednesday by Douglas Elliman.

Marketing 148
article thumbnail

Real estate agents wonder if inventory levels will ever return to ‘normal’

Real Trends

Temperatures are rising, the sun is setting later, and the daffodils are starting to peek their green leaves out of the earth — spring is coming. And just like the bears who are starting to wake up from their long winter naps, homebuyers and sellers are coming out of hibernation… or at least they normally do. Nationwide, pre-pandemic the first week of February typically marks the lowest point for housing inventory during the year, as sellers return to the market in time for spring, but since the

Agents 110
article thumbnail

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.