RIS Media
MAY 5, 2023
Buying a house at auction can appear attractive if you want a great deal on your next home. However, there are more risks to choosing an auction for houses over the normal way of buying a home. If you decide to buy at auction, there is a greater chance that the property hides a nasty… The post What Agents Should Know About Buying Houses at Auction appeared first on RISMedia.
Housing Wire
MAY 5, 2023
Is the labor market finally normalizing? Jobs Friday data came in as a beat of estimates, but the labor market is clearly starting to come back to earth, killing the fear of 1970s wage spiral inflation. We’ve had a good week’s worth of data to show that the Federal Reserve is starting to get what it wants if you know where to look. The headline jobs data beat estimates, but we did have 149,000 negative revisions to the previous month’s data.
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Real Estate News
MAY 5, 2023
ChatGPT is not hard to add to your site. The challenge comes in doing it the right way, so you don’t hurt your brand with “hallucinations.
Housing Wire
MAY 5, 2023
In January, the Federal Housing Finance Agency (FHFA) made a series of significant changes to loan level pricing adjustment (LLPA) fees charged by Fannie Mae and Freddie Mac on conventional/conforming mortgages. Although they went largely under the radar at the time, they ultimately caused an uproar among consumers , the mortgage industry and even some lawmakers.
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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.
Real Estate News
MAY 5, 2023
The company lost $700K and saw U.S. agent count decline in Q1, but said the results met expectations and focused on opportunities for Motto Mortgage.
Housing Wire
MAY 5, 2023
Job growth surprised again in April, this time rising more than expected. Total nonfarm payroll employment rose last month by 253,000 jobs, compared to March , according to data released Friday by the Bureau of Labor Statistics. “Job growth for the prior two months was revised downwards, but on net, the labor market is stronger than expected, including wage growth up 4.4% over the past year,” Mike Fratantoni , the Mortgage Bankers Association’s chief economist, said in a statement.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
MAY 5, 2023
Optimal Blue , a division of Black Knight, Inc. , announced on Thursday that the Optimal Blue product, pricing and eligibility engine (PPE) has added investor content from 54 state-based housing finance agencies (HFAs). HFAs provide affordable homeownership options to low- and moderate-income borrowers through down payment and closing cost assistance, as well as reduced mortgage payments.
Inman
MAY 5, 2023
The chief executive of the largest iBuyer spoke to Inman about Opendoor's first-quarter earnings on Thursday — and expectations that the company is turning a corner after a rough 2022.
Housing Wire
MAY 5, 2023
Senators Tina Smith (D-Minn.) and Mike Rounds (R-S.D.) introduced this week new legislation that aims to address a shortage of affordable housing in rural communities. The lawmakers say the bill would represent “the most significant Rural Housing Service reforms [in] years.” If passed, the bill, known as Rural Housing Service Reform Act of 2023, would “improve federal rural housing programs, cut red tape, and strengthen the supply of affordable housing” and would “improve and b
Inman
MAY 5, 2023
Twelve-year-old independent brokerage Tru Realty has joined Keller Williams, according to an announcement on Thursday. Tru Realty has generated $450.6 million in sales volume since 2021.
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.
RIS Media
MAY 5, 2023
Just how exacting and inviting must curb appeal be for a home going on the market to achieve its full price potential? Alex Chingas, a REALTOR® with the Bross Chingas Bross team at Coldwell Banker Realty in Westport, Connecticut, tells this tale… “We recently had an appointment with a home stager to come look at… The post Mulch Matters! How Curb Appeal Can Spark (or Sink) a Sale appeared first on RISMedia.
Inman
MAY 5, 2023
The 1975-era home closed at $1 million over asking, Inman has learned exclusively. Buyers have flocked to Sierra Madre, California, for its privacy and access to nature, as many people continue to work remotely.
Bigger Pockets
MAY 5, 2023
Landlord-tenant laws can be complicated and have a lot of grey areas. This article lists out 10 critical laws you must know before renting out property.
Inman
MAY 5, 2023
Long Beach-based Proper Real Estate has affiliated with the global franchisor, bringing along 70 agents and rebranding to RE/MAX Proper.
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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.
Bigger Pockets
MAY 5, 2023
There's rarely been a time of so much economic uncertainty, but the housing market's resiliency has helped the Fed get closer to its "soft landing" goal. What comes next?
Inman
MAY 5, 2023
There’s not an over abundance of spreadsheets or charts (there are some) but instead a series of clean dashboards that track payments, outgoing expenses, revenue streams and tenants.
Bigger Pockets
MAY 5, 2023
Still waiting to buy your first rental property? Everyone’s been there.
Inman
MAY 5, 2023
Wondering what you missed this week? Find out with Inman's Top 5 most-read stories of the week.
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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.
RIS Media
MAY 5, 2023
Despite big year-over-year drops in revenue, Zillow stock climbed Thursday after its Q1 earnings showed the real estate behemoth outperformed a slow market—and may have been further boosted by an announcement earlier this week that the company has built a plugin for AI chatbot ChatGPT and is moving forward with its long-planned “super app.” In… The post Zillow Stock Climbs on Earnings Beat, Makes ‘Super App’ Progress appeared first on RISMedia.
Inman
MAY 5, 2023
Employers posted another hot hiring month as the spring housing market picked up, exceeding strong overall numbers, according to data released Friday by the U.S. Bureau of Labor Statistics.
RIS Media
MAY 5, 2023
Despite continued market challenges—high mortgage rates, low inventory and high home prices—Rocket Companies’ executives reported “solid results” for Q1 2023. “We’re encouraged by the fact that consumer demand for homes is robust, and we’re seeing a healthy purchase pipeline as we enter the spring home-buying season,” said CEO Jay Farner.
Inman
MAY 5, 2023
Zillow reported rent grew by just 0.6 percent in April as an ongoing slowdown in rent growth continued after peaking last year.
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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.
RIS Media
MAY 5, 2023
For a while, it was obvious that home prices were rising faster than they should. So-called “zoom towns” cropped up as remote workers poured into exurbs around mid-size metros, seeking space and other amenities. Towns like Boise, Idaho, suddenly became hot spots for the tech industry, and Sun Belt cities like Phoenix, Arizona, and Austin,… The post Southern Metros Remain Overvalued, Researchers Say appeared first on RISMedia.
Inman
MAY 5, 2023
Google Home is a robust ecosystem that offers homeowners a range of smart home devices and features.
RIS Media
MAY 5, 2023
Memorial Day is around the corner. While it’s the unofficial start to the summer season, it’s also a special time to recognize the contributions that veterans and military personnel have made to our country. With that in mind, we asked long-time CRD instructor Maurice Taylor, ABR®, GRI, CRS, MRP, SRES®, GREEN, PSA, e-PRO®, to share… The post CRD Connect: Honoring Military Personnel and Their Real Estate Needs appeared first on RISMedia.
Inman
MAY 5, 2023
Building a personal brand takes time and effort, but the rewards are well worth it. By consistently applying these Brandamentals developed by branding guru Stacey Ross Cohen, you'll see results.
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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.
RIS Media
MAY 5, 2023
With the iBuyer sector still in flux under shifting market conditions, the first three months of the year weren’t easy on Offerpad. However, despite the company’s challenges, executives appear laser-focused on returning to their heyday. The Arizona-based company reeled in $609.6 million in the year’s first quarter, marking a 10% loss compared to the final… The post Despite Easing Losses, Offerpad Earnings Woes Persist in Q1 appeared first on RISMedia.
Inman
MAY 5, 2023
Agents can deal with economic headwinds by understanding their buyers' mindset and helping them tap into down payment resources.
HomeLight
MAY 5, 2023
When the time comes to move, some tenacious homeowners are eager to take over the reins of their home sale and figure out how to sell a house by owner in Tennessee. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow). Of those, 50% already knew the buyer of the home, according to data from the National Association of Realtors (NAR).
Inman
MAY 5, 2023
The Realtors Legislative Meetings will run May 6-11 and some sessions will be live-streamed for National Association of Realtor members. Here's everything to look for as the conference starts.
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