Tom Ferry
FEBRUARY 9, 2023
There is one major mistake that agents make when following up with real estate leads. Real estate lead follow-up and prospecting is a lot like actual old timey gold prospecting… Have you ever read the book, Think & Grow Rich? If you haven’t, you’re missing out on one of the best success manuals ever written. […] The post The Biggest Mistake with Real Estate Lead Follow-Up appeared first on Tom Ferry.
Housing Wire
FEBRUARY 9, 2023
Northpointe Bank , a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business. “Due to the significant contraction in the overall mortgage industry, we have made the difficult decision to exit the correspondent lending business,” Chuck Williams, president and CEO, said in a statement.
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Keeping Current Matters
FEBRUARY 9, 2023
67% of Americans say a housing market crash is imminent in the next three years. With all the talk in the media lately about shifts in the housing market, it makes sense why so many people feel this way. But there’s good news. Current data shows today’s market is nothing like it was before the housing crash in 2008.
Housing Wire
FEBRUARY 9, 2023
Housing affordability hit a record low in the fourth quarter of 2022, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index released Thursday. At the end of the fourth quarter, the index stood at its lowest level since the NAHB began tracking the data on a consistent basis in 2012. Despite this, the NAHB is optimistic that the recent drop in mortgage rates over the past two months might signal that affordability conditions may have reached their low point f
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Real Estate News
FEBRUARY 9, 2023
Christie's expands in California and Boston, E&V snags Bay Area leaders, The Agency opens in Portugal, Cupid loves Side, RE/MAX grows and more brokerage news.
Housing Wire
FEBRUARY 9, 2023
Optimism spread across the mortgage industry at the start of 2023. Signs that the disinflationary process was working raised hopes that the Federal Reserve may stop the federal funds rate hikes sooner rather than later. Mortgage rates also dropped about 30 basis points in January, hitting the lowest level since September 2022. But February brought a dose of reality back to the markets.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
FEBRUARY 9, 2023
Education media publisher Appraiser eLearning (AEL) bought Valuation Expo and Appraisal Buzz from Joan Trice , who created the two entities about 20 years ago. The staff of both appraisal conference Valuation Expo and the newsletter for appraisal professionals Appraisal Buzz will remain in place and no changes are planned to either entity, AEL said announcing the purchase on Wednesday.
Real Estate News
FEBRUARY 9, 2023
Jason and Molly Mesnick, real estate agents and "The Bachelor" alums, offer their take on the deals and drama on some of the hottest real estate shows today.
Housing Wire
FEBRUARY 9, 2023
Amid the expectation of a wave of mergers and acquisitions in 2023, nonbank mortgage lenders American Portfolio Mortgage Corporation and Town Square Mortgage announced on Wednesday that the companies are merging their operations. The lenders, both privately held, will retain their names and brands after the transaction, but APMC will be the new legal entity as the companies come together.
Inman
FEBRUARY 9, 2023
The 40-person team, formerly of Coldwell Banker, has also brought on its Northern California office located in the Berryessa neighborhood of San Jose to Corcoran Icon Properties.
Advertiser: Trellis
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Housing Wire
FEBRUARY 9, 2023
A regulator in Illinois has suspended the MLO license of industry veteran Michael Strauss and the license for his mortgage company, Smart Rate Mortgage, essentially blocking the company from operating in the state, according to the Nationwide Multistate Licensing System (NMLS). The Division of Banking at the Department of Financial and Professional Regulation in Illinois issued the orders on February 1.
Inman
FEBRUARY 9, 2023
Existing-home sales prices increased in nearly 90 percent of metro areas, but gains were smaller than the previous quarter, according to data released Thursday by the National Association of Realtors.
Housing Wire
FEBRUARY 9, 2023
LauraMac, a provider of mortgage loan review SaaS technology, announced on Thursday that it has integrated with LoanLogics IDEA , an intelligent document processing and data extraction technology. The outcome of the integration between IDEA and the LauraMac platform “will improve the quality and transparency of mortgage loan commerce,” LoanLogics CEO Dave Parker said in a statement.
Inman
FEBRUARY 9, 2023
As mortgage rates have dropped from a roughly 7 percent peak, buyers can now buy homes about 84 square feet larger than those they could purchase in October with a $3,000 monthly payment.
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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.
Real Estate News
FEBRUARY 9, 2023
Volatility may be the norm for the near future, but mortgage interest rates remain down significantly from their November peak.
Inman
FEBRUARY 9, 2023
The CEO was unapologetic about her mantra "old school is the best school," while acknowledging that the ability to evolve while keeping agents and clients at the forefront have contributed to the brokerage's longevity.
Eye on Housing
FEBRUARY 9, 2023
Mirroring a steep rise in mortgage rates that began in the early part of 2022 and coupled with ongoing building material supply chain bottlenecks that increased construction costs, housing affordability posted three consecutive quarterly declines in 2022 and now stands at its lowest level since the National Association of Home Builders (NAHB) began tracking it on a consistent basis in.
Inman
FEBRUARY 9, 2023
Because many teams work closely together, it's smart to take time to discuss love languages as a team. Help individuals identify their specific love language, and then work to develop an office culture that helps effectively nurture each other and builds on each other’s strengths and love languages.
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.
Sotheby's International Real Estate
FEBRUARY 9, 2023
Marco Santos – Peninsula Sotheby’s International Realty In recent years, living environments often felt clinical in their sculptural surfaces, pale palettes, and polished sheen, or they completely surrendered to plushness—as though the entire home wore a pair of sweatpants. These tired trends have finally fallen by the wayside. Today’s aesthetic focuses on the individual: expressing the self creatively, feeling inspired by everyday items and spaces, and living according to deeply he
Inman
FEBRUARY 9, 2023
Strong job numbers spark fears that the Fed will need to stick to its guns and continue to raise rates and keep them elevated for some time to fight inflation.
BubbleInfo
FEBRUARY 9, 2023
According to the Knock Buyer Seller Market Index report, continuing shifts in the U.S. housing market will increase the number of buyers’ markets from 13 to 34 by the end of 2023.
Inman
FEBRUARY 9, 2023
The debt-burdened company notified regulators in December of plans to raise up to $100 million through a public stock offering.
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.
HomeLight
FEBRUARY 9, 2023
When you hire a real estate agent , they agree to work to sell your house, while you grant them the legal permission to do so. When the agent is successful, they get paid through a commission , typically 5-6% of the sale price of the home, which is then split with the buyer’s agent. So it makes sense that just like any other job, sales transaction or business agreement, there will be a contract involved.
Inman
FEBRUARY 9, 2023
Expand your knowledge and unlock this week's newest classes with Inman Access. Watch on any device, anytime, anywhere.
The American Genius for Real Estate
FEBRUARY 9, 2023
Emails pile up, and we often use our inboxes as an ongoing task list, but it can backfire when time sensitive info sinks to the bottom of the list - there's a fix!
Inman
FEBRUARY 9, 2023
This week, the spotlight shines on Ivan Chorney, a Miami broker specializing in luxury real estate developments.
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The American Genius for Real Estate
FEBRUARY 9, 2023
Affordability challenges continue to plague the market, further threatened by home price gains and rising mortgage rates. What will happen to homeownership and sales in 2023?
Inman
FEBRUARY 9, 2023
By avoiding common rookie mistakes, new real estate agents can set themselves up for success and establish a positive reputation in the industry.
Broke Agent Media
FEBRUARY 9, 2023
Maybe it’s just me, but Instagram SUCKS right now. Engagement is down, reach is down, and Reels seem to have completely lost their hope of virality. Usually when this happens I blame it on the algorithm and say something like, “IG is acting weird today.” But this has been going on for over a month, and it feels more permanent. Here are my thoughts on why Instagram engagement is down and how to combat it.
Maximum Exposure Real Estate
FEBRUARY 9, 2023
Reasons Your Home May Not Be Selling Most real estate agents have probably been asked, “why isn’t my home selling?” The answer in some circumstances may not be abundantly clear. In other cases, there is no doubt why the house isn’t selling. As a home seller, the thing you dread most is being unable to […] The post Why Won’t My House Sell?
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.
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