Housing Wire
JULY 27, 2023
A top-notch team can be the difference between nailing your GCI goals and missing the mark entirely. Building a robust team of real estate agents isn’t just about attracting talent —it’s about appealing to the right talent. One of the most effective strategies for this is leveraging your own team’s success stories to generate inbound recruiting leads.
Keeping Current Matters
JULY 27, 2023
Even though the housing market is no longer experiencing the frenzy that was so characteristic of the last couple of years, it doesn’t mean today’s market is at a standstill.
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Housing Wire
JULY 27, 2023
When you think about a real estate team , you automatically think they must be more productive than individual agents, right? Not so fast. Clearly, over the last decade, teams have grown far faster than individual agents in terms of closed transactions. This is not unexpected, as teams have the ability to scale their business far easier and faster than an individual agent.
Real Estate News
JULY 27, 2023
The property management platform RentSpree is seeing an uptick in real estate agent customers as for-sale inventory remains limited.
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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.
Housing Wire
JULY 27, 2023
After a year’s worth of warnings about a recession, Federal Reserve chair Jerome Powell said Wednesday that the central bank’s staff no longer forecasts a nationwide economic downturn. It’s welcome news for the economy to achieve a soft landing, a scenario in which inflation falls, unemployment remains relatively low and a recession is avoided.
Real Estate News
JULY 27, 2023
The 30-year fixed-rate mortgage rose to 6.81% this week as the Fed raised its benchmark rate to the highest level since 2001.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
JULY 27, 2023
The 0.3% gain is the first increase in four months, NAR reported, suggesting that “the housing recession is over.
Housing Wire
JULY 27, 2023
After dropping slightly month over month in May , pending home sales ticked back up in June, rising 0.3%, according to data released Thursday by the National Association of Realtors (NAR). It contrasts with new home sales , which moderated in the same period (-2.5%). Year over year, pending home sales were down 15.6%, a smaller decrease than the 22.2% annual drop recorded in May.
Inman
JULY 27, 2023
Are you ready to do what it takes to build the real estate business of your dreams? Jimmy Burgess offers advice to help you stand out.
Housing Wire
JULY 27, 2023
The Community Home Lenders of America (CHLA) on Thursday sent a letter to Sandra Thompson, director of the Federal Housing Finance Agency (FHFA), urging the slower implementation of changes to the credit score reporting process. The letter, which was also sent to the CEOs of Fannie Mae and Freddie Mac , expresses appreciation to FHFA for “its efforts to improve the credit score reporting process and to offer more mortgage access with lower costs in mortgage transactions,” the letter said.
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.
Inman
JULY 27, 2023
With 30 years of experience at some of the world's most recognizable brands, the newly-minted Better Homes and Gardens Real Estate president spoke to Inman about settling into her new role.
Housing Wire
JULY 27, 2023
Mortgage rates rose slightly this week ahead of the Federal Reserve Open Markets Committee ‘s rate hike. The 25-basis point increase to the federal funds rate was widely anticipated and priced in by capital markets. Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.81% as of July 27, up from last week ’s 6.78%.
Inman
JULY 27, 2023
Former Keller Williams CEO Chris Heller previously served as OJO's chief real estate officer. Jerimiah Taylor, formerly a vice president at OJO, will step into Heller's previous role, the company said.
Housing Wire
JULY 27, 2023
Austin, Texas-based OJO promoted industry veteran Chris Heller to president while Jerimiah Taylor will move into the chief real estate officer role that Heller held. The moves come amid OJO’s continued growth in 2023, which the company attributes to is OJO Pro+ offering. Heller, who has held leadership roles at Keller Williams and loanDepot ‘s mellohome , will bring his decades of experience to the role of president.
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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.
Inman
JULY 27, 2023
Meet the expert speakers joining us at Inman Connect who specialize in customer experience, branding and marketing strategies for real estate.
Housing Wire
JULY 27, 2023
Multiple agencies across the federal government including the U.S. Department of Housing and Urban Development (HUD), the Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB) have all renewed their efforts to protect tenants renting in multifamily housing units as costs continue to climb, according to an announcement from the White House.
Inman
JULY 27, 2023
With the gross domestic product eclipsing expectations in 2Q, the US appears to have avoided a long-predicted recession, even as the real estate industry remains mired in a deep contraction.
Housing Wire
JULY 27, 2023
About two years after Better.com announced its plans to go public via special purpose acquisition company (SPAC) Aurora Acquisitions Corp. , the fate of Better.com’s journey to IPO will be decided next month. “Aurora shareholders will be asked to consider and vote upon a proposal (…) to approve and adopt the agreement and plan of merger dated as of May 10, 2021,” Aurora said in a filing with the Securities and Exchange Commission (SEC) on Monday.
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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.
Inman
JULY 27, 2023
As Chicago Mayor Brandon Johnson narrows in on a 2.65 percent tax on purchases of properties over $1 million, luxury agents in Los Angeles offered their advice to concerned Windy City agents.
Housing Wire
JULY 27, 2023
California-based Pennymac Financial Services increased its profits by 92% in the second quarter of 2023 from the prior quarter. Although the performance was propelled by its servicing portfolio – as occurred in previous quarters – mortgage production returned to profitability. The company reported on Thursday its net income came in at $58.3 million in Q2 2023, up from $30.4 million in Q1 2023 but down from $129.1 million in Q2 2022, per Securities and Exchange Commission (SEC) filings.
Inman
JULY 27, 2023
A drop in supply was enough to offset the drop in demand, sending prices up 2.6 percent in July. That's the biggest jump since November, according to Redfin.
RIS Media
JULY 27, 2023
Guaranteed Rate has introduced OneDown, a mortgage loan offering payment options as low as 1% as well as an additional 2% contribution towards that down payment (or up to $2,000—whichever is lower). OneDown further offers borrowers a $1,000 contribution toward lender fees. OneDown is available for the purchase of single-family homes, including condos.
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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.
Inman
JULY 27, 2023
As economic headwinds push native-born population and household formation growth down, Harvard researchers say immigrants hold the key to the housing market's future.
RIS Media
JULY 27, 2023
When determining a property’s worth, two crucial terms come into play: assessed and market value. While they aim to estimate a property’s value, their purpose, methodology and significance differ. Understanding the distinction between these terms is essential for homeowners, buyers and sellers alike. We will delve into assessed value vs. market value and shed light… The post Decoding Assessed Value vs.
Inman
JULY 27, 2023
The suit from the Apartment Association of Greater Los Angeles argues that the city's rent freeze rule robs property owners of income and due process.
RIS Media
JULY 27, 2023
From left to right: Kymber Lovett-Menkiti, Christian Barnes, Drayton Saunders, Leo Pareja and Rick Haase. Editor’s note: The Power Broker Roundtable is brought to you by the National Association of REALTORSⓇ and Kymber Lovett-Menkiti, NAR’s broker relations liaison. Watch for this column each month, where we address broker issues, concerns and milestones.
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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.
Inman
JULY 27, 2023
Find out how this second-generation South Florida broker shifted gears from an early career path in accounting and expanded Compass' presence in Boca Raton.
RIS Media
JULY 27, 2023
Ask not what your agents can do for you—ask what you can do for your agents. While not nearly as high-profile or high-stakes as JFK’s 1961 call to civic action, flipping the service paradigm is just as essential in real estate as it is in the body politic. In 2023, brokerages are fast discovering that… The post Mike Pappas Shares Secrets to Supporting Top Agents at CEO Exchange appeared first on RISMedia.
Inman
JULY 27, 2023
Homes under contract inched up 0.3 percent between May and June to a measure of 76.8 on the Pending Home Sales Index, according to data released Thursday by the National Association of Realtors.
RIS Media
JULY 27, 2023
For buyers’ agents wondering where all the listings are, or listing agents struggling to find clients, there is some potentially good news in the form of a Bright MLS survey released last week, with buyers returning to the market and current homeowners reaching a tipping point to list their homes. “I think we may have… The post Seller Shortage ‘Plateaus’ Ahead of ‘Unseasonable’ Fall Activity appeared first on RISMedia.
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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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