Thu.Dec 28, 2023

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How tech visionary Steve Pacinelli fosters agent achievement

Inman

In his latest Snapshot profile, Brandon Doyle looks at how tech innovator Steve Pacinelli has made a career of moving agents forward while always staying focused on the human touch.

Agents 163
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Mortgage rates continue a downward trend in the twilight of 2023

Housing Wire

As we prepare to bid adieu to 2023, mortgage rates this week again stayed below seven percent. The 30-year fixed-rate mortgage averaged 6.61% as of Dec. 28, a slight decrease from the 6.67% rate recorded on Dec. 21 according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday. The 15-year fixed-rate mortgage averaged 5.93% this week, down from 6.95% one week ago.

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A new commissions lawsuit lands in Missouri’s District Court

Real Estate News

Perhaps the last copycat case to be filed this year, the complaint targets NAR and 13 major brokerages in a class action suit with nationwide reach.

Land 300
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To lure more teachers, CO school districts enter the housing market

Housing Wire

Affordability has been a chief topic of concern in the housing industry for the past several years, and the lack of affordable options in the state of Colorado is pushing that state’s school districts into action. Leaders in Colorado districts are entering the housing market in a variety of ways, including engaging in partnerships with developers, constructing tiny homes and even becoming landlords, according to a story published by the Denver Post.

Marketing 434
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3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

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NAR asks judge to halt nationwide class action lawsuit

Real Estate News

Attorneys for NAR have requested a stay in the Gibson case until after post-trial motions are resolved in Sitzer/Burnett.

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What You Need To Know About Saving for a Home in 2024

Keeping Current Matters

If you’re planning to buy a home, knowing what to budget for and how to save may sound intimidating – but it doesn’t have to be.

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More Trending

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Aziba, Fello, Cloze among Inman’s best-reviewed proptech of 2023

Inman

AI fueled the biggest trends in proptech this year, but so did efforts to put the consumer first, tech critic Craig Rowe writes. Check out the dozens of products that received his highest praise in 2023.

MLS 183
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8 tech trends that went from ‘hot’ to ‘not’ and why they matter

Real Estate News

From blockchain to monthly per-agent pricing for brokerage tools, these “fading concepts” don’t shine like they used to but still have something to tell us.

Brokerage 246
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Title insurer First American back online after cybersecurity incident

Inman

There are "some limits to functionality" as First American continues efforts to return to normal business operations following a cybersecurity breach that led the company to isolate some systems from the internet on Dec. 20.

Title 159
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‘Selling Sunset’ star on LA’s ‘pretty wild’ luxury market

Real Estate News

Emma Hernan, one of the star agents in the hit Netflix series, discussed LA’s mansion tax, cash offers and more with Real Estate News.

Marketing 263
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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Artificial intelligence roused real estate amid a big year for proptech

Inman

Technology roared to life in 2023, sending a current of excitement across brokerages, MLS's and the vendors who serve both. But it was AI's rapid acceleration that drove the narrative.

MLS 158
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First American restores service after cyberattack

Real Estate News

The company said its website is back up, but some functionality remains limited.

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From Sitzer to Moehrl, 2023 was the year of commission confusion

Inman

Sitzer | Burnett and its verdict cast a long shadow that will extend into 2024 and potentially shake up the real estate industry. But it wasn't the only lawsuit with commissions in the crosshairs.

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What to Do With Your Home if You Buy a Second Property

RIS Media

The decision to buy a second property brings a host of considerations, and one of the most crucial among them is whether to sell or rent your existing home. This dilemma requires careful evaluation of financial, emotional, and strategic factors to ensure that the choice aligns with your goals and circumstances. We will explore renting… The post What to Do With Your Home if You Buy a Second Property appeared first on RISMedia.

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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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Broker Spotlight 2023: Check out our end-of-year roundup

Inman

Every week we bring you the facts and figures, origin stories, goals and strategies of some of the country's best managing brokers and broker-owners. Here's a roundup of 2023's profiles to inspire, encourage and edify.

Brokerage 152
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Mortgage Rates Remain on Downward Trend Heading Into the New Year

RIS Media

The 30-year fixed-rate mortgage (FRM) averaged 6.61%, down from last week’s dip to 6.67%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: The 30-year FRM averaged 6.61% as of December 28, 2023, down from last week when it averaged 6.67%. A year ago at this time,… The post Mortgage Rates Remain on Downward Trend Heading Into the New Year appeared first on RISMedia.

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5 tips to customize your goal setting for success in 2024

Inman

What do you do if you didn't meet your 2023 goals? How do you regroup? YogaBug broker Pam Blair offers tips to help you start again and meet 2024 with confidence.

Brokerage 153
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Streamlining the Homeownership Experience

RIS Media

For Larry Flick V, CEO of Devon, Pennsylvania-based Berkshire Hathaway HomeServices Fox & Roach, REALTORS®, a pairing nearly two decades ago between his company and HSA Home Warranty can best be described as something akin to love at first sight. “We recognized the importance of home warranties to our clients, so we incorporated warranty products… The post Streamlining the Homeownership Experience appeared first on RISMedia.

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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

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.

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Pending home sales stagnate in November despite rate relief

Inman

November's numbers show pending sales didn't move compared to October, but lower rates did apparently lead to more lockbox openings — hinting that better days lie ahead.

Sales 140
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Window to the Law: Rules for Using Endorsements and Testimonials

RIS Media

Editor’s Note: This is part of a monthly video series from the NATIONAL ASSOCIATION OF REALTORS® to inform and educate members about important aspects of being a real estate professional. Watch for this series each month in RISMedia’s Daily News. Using endorsements and testimonials from past customers and clients can be a powerful marketing tool… The post Window to the Law: Rules for Using Endorsements and Testimonials appeared first on RISMedia.

Marketing 120
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Instant Reaction: Mortgage Rates, December 28, 2023

NAR: Economic Outlook

Instant Reaction: Mortgage Rates, December 28, 2023 Mortgage interest rates continued their decline this week and have hit the lowest level in six months since May of 2023.

Mortgages 116
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A Leap in Real Estate Transaction Reporting

RIS Media

Representing a new era of transaction reporting for their clients, Real Estate Webmasters recently released REW Deals, the latest addition to the REW CRM suite. Set to revolutionize real estate transaction reporting, REW Deals features a user-centric design, fostering streamlined deal management and actionable insights. “REW Deals embodies both a leap in CRM functionality and… The post A Leap in Real Estate Transaction Reporting appeared first on RISMedia.

Design 120
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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

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.

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15 Types of Specialized Home Inspections That Tell You More About a House

HomeLight

Let’s say you go to your family doctor for a check-up. They notice something based on your symptoms or blood work that warrants a closer look and refer you to a specialist who’s best qualified to diagnose and treat the problem. Do you say “Nah, I’m good” and trust that all is well? Hopefully not! The same logic applies to the home inspection process you’ll go through when buying a home.

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Passing the Gavel: Preparing to Lead in 2024

RIS Media

Panelists: Kymber Lovett-Menkiti, President, Keller Williams Capital Properties, Washington, D.C., outgoing Broker Relations Liaison, NAR Dave Legaz, Broker, Keller Williams Realty Landmark, Flushing, New York, incoming Broker Relations Liaison, NAR Kymber Menkiti: They say time flies when you’re having fun, and I must say, Dave, I have enjoyed my year here as liaison.

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Rents Show Biggest Decline in 3 Years—Should Landlords Panic?

Bigger Pockets

Median rent prices declined by 2.1% year over year in November, the biggest decline since 2020. What's going on and should landlords sound the alarm?

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How to Make Home Inspections Easier for Everyone

RIS Media

The last couple of years were an unprecedented time in the market. With buyers making all-cash offers well over the asking price as well as waiving appraisal contingencies and inspections, it was unlike anything anyone in the industry had seen before. While it wasn’t that long ago that homes were flying off the market, those… The post How to Make Home Inspections Easier for Everyone appeared first on RISMedia.

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5 Data Proven Ways Agents Can Do 18% More Business

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.

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Inside Two Penthouses at the Plaza

Sotheby's International Real Estate

As any traveling businessperson or seasoned globetrotter knows, Manhattan is strewn with hotels, many of them glamorous and highly esteemed. None, however, can hold a proverbial candle to the Plaza, whose silhouette alone is recognizable to esteemed executives, royalty—both heads of state and the Hollywood variety—and Eloise fans young and old. This historic landmark was designed in the early 20th century by architect Henry Janeway Hardenbergh and, following a three-year renovation begun in 2005

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The Value of Sprint Goals in an Era of Disruption

RIS Media

The real estate industry has undergone massive changes and disruptions in recent years, and we’re certainly going through our fair share given the fallout from the recent National Association of REALTORS® lawsuit verdict and surrounding settlements. This got me thinking about how business planning may have to change as well, as the idea of planning… The post The Value of Sprint Goals in an Era of Disruption appeared first on RISMedia.

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November 2023 Pending Home Sales Remain Flat

NAR: Economic Outlook

November 2023 Pending Home Sales Remain Flat November's pending home sales showed no movement from last month and fell 5.2% from a year ago.

Sales 114
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Championing Sustainability in Real Estate

RIS Media

Each year, the Center for REALTOR® Development (CRD) presents the EverGreen Award to a real estate professional who embraces sustainable design and building practices. This year, the honor went to Joshua Dickinson, owner, president and broker at Zip Code East Bay in Kensington, California. “The EverGreen Award is a culmination of many different initiatives, and… The post Championing Sustainability in Real Estate appeared first on RISMedia.

Design 117
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Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

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.