Fri.Feb 03, 2023

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Real Estate is Looking More and More Like a Freelancer’s Market

Propmodo

Even with the Federal Reserve decreasing their rate hike to a quarter of a percent in this week’s meeting, the tone was that they were going to stick to the principle that a weaker labor market is necessary in order to combat inflation. Inflation seems to be slowing, but the decrease is mostly due to the change in energy and household expenses rather, and unemployment has remained low.

Marketing 119
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Guaranteed Rate loan programs aim for lower rates for builders, borrowers 

Housing Wire

Mortgage lender and digital financial services company Guaranteed Rate hopes to court builders and borrowers with its newly launched programs — Lock ‘N’ Sell rate lock program and forward commitments – by helping the borrowers secure lower mortgage rates. The rate lock program allows builders to lock in a current rate for up to 120 days on individual homes.

Loans 314
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How will AI change your real estate business?

Inman

The world is changing. Consultant Chris Pollinger believes that those who embrace the coming wave of AI will outpace their competition exponentially.

Agents 148
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Why HELOCs are growing more popular

Housing Wire

The past few years in the housing industry have been nothing short of unprecedented. In 2020 and 2021, many homeowners refinanced, locking in historically low 30-year fixed rate mortgages. And now, with the impact of inflation and looming economic uncertainty, home equity lines of credit (HELOCs) are an increasingly popular choice for those who are considering tapping into their home’s rising equity while protecting their existing, low mortgage rates.

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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.

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9 elements your real estate website must include in 2023

Inman

Your real estate website is your window to the world, writes luxury expert Laura Stace. It allows potential clients to see your experience in the real estate industry, your business acumen and also to connect with you should they wish to take the next steps.

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Townstone wins order to dismiss CFPB’s redlining lawsuit 

Housing Wire

A federal judge in Illinois ruled in favor of Townstone Financial Inc. and its owner, Barry Sturner, on a motion to dismiss with prejudice a redlining lawsuit filed by the Consumer Financial Protection Bureau (CFPB). In July 2020, the CFPB filed a lawsuit accusing the nonbank retail lender of discouraging prospective African American borrowers in the Chicago metropolitan area from applying for mortgages.

Mortgages 270

More Trending

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Altos Research housing market predictions for 2023

Housing Wire

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the data for this year, along with a roundtable discussion on how these insights apply to your business.

Mortgages 335
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How to get a luxury smart home for a DIY price

Inman

Today, putting together a seamless smart home setup doesn't have to be expensive. Find out how to create one on a budget.

Agents 138
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Positive jobs report sends mortgage rates higher

Housing Wire

Let’s first state the facts regarding our country’s wonderful week in labor data. Job openings are over 11,000,000. Jobless claims are under 200,000. The unemployment rate in America is 3.4%. When we look at the history of U.S. economics, this week is one for the record books. As someone who professed early in the Covid-19 recovery that we would see 10,000,000 job openings — and the labor dynamics are much different now than what we saw in 2008 — it’s Van Gogh art week when I see all the d

Mortgages 331
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23 tech tools to make 2023 easier

Inman

We live in an amazing time with unprecedented tools and technology, writes Jimmy Burgess. By tapping into the leverage these tools provide, your business can’t help but grow.

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Database Restoration: How to Revive Dead Leads and Generate New Ones

Speaker: Rivers Pearce, CEO of W8LESS

Successful real estate professionals know that the most powerful tool in their business (aside from their stellar personality, of course) is maintaining a robust database of past, current, and prospective clients. However, keeping your contacts in a spreadsheet, or worse, sitting in your iPhone, simply won’t cut it in today’s world. In this session, Rivers Pierce, CEO of W8LESS, will teach you how winning agents restore and revive their database to continue to gain market share.

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January’s strong jobs report could spell trouble for the housing market

Housing Wire

The labor market started off in 2023 with a bang, which could mean trouble for the housing market as the Federal Reserve continues to try and bring inflation under control this year. Total nonfarm payroll employment rose by 517,000 jobs from December to January, according to data released Friday by the Bureau of Labor Statistics. In comparison, the job market gained an average of 401,000 jobs per month in 2022.

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EXCLUSIVE: MooveGuru acquires relocation competitor Relocator

Inman

The deal was inked for "eight figures" and brings to MooveGuru a number of substantial mortgage marketing partnerships, according to news sent exclusively to Inman.

Mortgages 126
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Logan Mohtashami to speak at Gathering of Eagles 2023

Housing Wire

Logan Mohtashami , lead analyst for HW Media , is taking the stage at Gathering of Eagles 2023 to give an update on the state of housing and the economy. Mohtashami’s presentation is scheduled for Tuesday, June 20. Mohtashami’s proprietary modeling is essential to any leader making business plans in 2023. His chart-making abilities will provide attendees with the essential information they need on mortgage rates , inventory, pricing and more.

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Ready to be a real estate mentor? Here’s how to make a massive impact

Inman

Being a mentor isn’t a one-way street. When done right, it offers you the opportunity to hone your skills and experience to unexpected levels of personal and professional growth.

Brokerage 147
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The #1 Reason Why Sales Coaching is Critical to Your 2022 Sales Success

Speaker: Tim Hughes, Co-Founder and CEO of Digital Leadership Associates

In this era of social media, traditional ways of selling are not as effective as they used to be. As prospects become more proficient on social media, many organizations struggle to keep up, not knowing how to navigate the new digital landscape. With most of the world’s population active on social media, it is imperative that teams improve their sales strategies by investing in sales coaching & training.

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USAA Federal Savings Bank cuts 130 positions in real estate lending 

Housing Wire

San Antonio, Texas-headquartered USAA eliminated 130 positions in the real estate lending group amid projections that the mortgage industry will shrink in 2023. The layoffs at USAA Federal Savings Bank represent about 1.6% of the total bank workforce, Bradley Russell, USAA’s corporate spokesperson, confirmed. “In order to continue exceptional service to our members, we sometimes make hard business decisions to ensure we are adapting to our members’ needs and changes in the marketplace,” Ru

Lending 63
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David Kramer is ready to bring out the ‘soul’ of Hilton & Hyland

Inman

As David Kramer steps into his role as Hilton & Hyland's president after a year of upheaval, the brokerage is repositioning itself. Kramer told Inman the goal is to effect change with culture.

Brokerage 142
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First Time Home Buyers Beau and Sara Burdick Video Testimonial

Mandrona Group

One of the best compliments that we can receive as real estate agents is when some refers us new clients.

Agents 76
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Inman’s Top 5 stories for the week of Jan. 27 – Feb. 2 , 2023

Inman

Catch up on all of the latest news and this week's most-read stories. It's Inman's Top 5 for the week of Jan. 27 - Feb. 2, 2023.

Agents 144
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The Real Estate Pulse: Analyzing the 2022 Housing Market

Speaker: Grier Allen, CEO and Co-Founder of BoomTown

For real estate professionals, 2021 was an iconic year. And while the seller’s market continues to shape 2022, real estate experts predict significant changes in inventory, mortgage rates, home prices, and buyer’s checklists. It can be difficult to navigate these constant shifts. However, with the right strategy in place, there is no doubt that you can achieve success.

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THE KRISTENSENS SHARE THEIR HOME BUYING EXPERIENCE WITH THE MADRONA GROUP

Mandrona Group

One of the best compliments that we can receive as real estate agents is when our past clients refer us.

Agents 52
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Fueled by new wealth, ‘ultra-luxury’ real estate tallies big year in 2022

Inman

Sales of homes valued at $10 million or more in newly emerged or reemerging markets helped propel transactions in that sector beyond pre-pandemic levels in 2022 while falling short of 2021 levels.

Sales 147
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The TRUTH Behind The Fed Decreasing Inflation

Broke Agent Media

On this week’s episode of the Knowledge Broker’s Podcast , Byron Lazine and Tom Toole start things off by discussing the latest Fed meeting and why Lawrence Yun considers the latest 25 basis-point rate hike good news for home buyers waiting for mortgage rates to drop. Today’s second topic is the drop in inventory and what that means for home buyers and sellers, followed by the jobs report for January 2023 , with unemployment hitting 3.4%, the lowest level since May 1969.

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Mass rounds of real estate layoffs still the exception, not the norm

Inman

Despite big rounds of layoffs by companies like Compass and Anywhere, payrolls throughout the real estate industry held firm in January, according to a report released Friday by the U.S. Bureau of Labor Statistics.

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The Only Business Plan You'll Ever Need in Real Estate

Overthinking your business plan? The old and tired process of building a 12-month business plan simply doesn’t make sense for the modern real estate business. Learn how to build one that will actually help you keep on track, stay nimble, and close more deals in 2022. Download now!

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Awesome Ocean View Home

BubbleInfo

Our new listing in SW Carlsbad – come by this weekend!

59
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Buyers on a $2,500 budget can now afford a $400,000 home

Inman

Things are looking up for homebuyers on a budget as mortgage rates fall from their 20-year highs, according to a report published Thursday by Redfin.

Mortgages 148
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The Reality of Rent Affordability for Minimum Wage Earners

Broke Agent Media

BAM Key Details: A new Zillow study shows minimum wage earners need three roommates (or four jobs) to afford a typical two-bedroom rental unit. Only in 10 of the 50 largest U.S. metros can two full-time workers earning the minimum wage afford a two-bedroom rental without straining their budgets. There’s a reason why so many minimum wage earners still live with their parents.

Agents 84
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Amerant Mortgage launches Midwest hub in St. Louis, Missouri

Inman

Florida's largest community bank, Amerant Bank, continues to grow the national footprint of its mortgage subsidiary, Amerant Mortgage, through acquisitions.

Mortgages 143
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#Trending: How to Leverage Instagram’s Algorithm to Build Your Pipeline

Speaker: Eric Simon, Founder of The Broke Agent Media | Matt Lionetti, Real Estate Salesperson at The Agency

Social Media is one of the most efficient sales tools an agent can use! It has the potential to produce high-quality leads and foster client relationships when used effectively. As new social media tactics flood the market, agents are being inundated with the various apps and trends that could lead to their success. In this webinar, The Broke Agent and Matt Lionetti breakdown the strategies they utilized to grow their accounts to over 400,000 combined followers.

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January Housing Report Shows More Buyers Using Their Bargaining Power

Broke Agent Media

BAM Key Details: The latest edition of the Realtor.com® Monthly Housing Trends Report shows buyers in January had more bargaining power. More home buyers looked to relocate in January, with 56% of listing views going to homes outside the home shopper’s current market. Midwest and Northeast metros with more affordable housing gained in popularity, with more online traffic from out-of-towners.

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A New Year Starts with Strong Gains

Eye on Housing

Job growth rebounded in January. After declines for five consecutive months, total nonfarm payroll employment increased by 517,000 in the first month of 2023 and the unemployment rate hit a 53-year low at 3.4% as more people entered the labor market. Construction industry employment (both residential and non-residential) totaled 7.9 million and exceeds its February 2020 level.

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Single Women Setting The Trend In Homeownership

Broke Agent Media

BAM Key Details: According to a new analysis by LendingTree, single women are more likely to own a home than single men in 48 of 50 states. Data from the U.S. Bureau of Labor Statistics reveals that while women earn, on average, 83.1 cents for every dollar men earn, single women own roughly 2.46 million more homes than single men. Factors that defy the income gender gap include a greater desire for homeownership and more readiness to make sacrifices to afford a home purchase According to a ne

Agents 84
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The Real Brokerage network surpasses 9,000 agents

Real Trends

Cloud-based real estate brokerage The Real Brokerage Inc. now has an agent count of over 9,000 in the U.S. and Canada thanks to the addition of The Barron Team , which left Compass to join Real’s network. The 15-member San Diego-based Barron Team is led by Emma Barron Lefkowitz and Brian Tague. The firm has ranked in the top 1% of the 29,000 agents in San Diego County for four straight years and closed more than 150 transactions and $200 million in sales in 2022.

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How Sales Enablement is Supporting Social Selling in 2022

Speaker: Brynne Tillman CEO | LinkedIn Whisperer at Social Sales Link

In many organizations, Sales Enablement is owning both LinkedIn and Social Selling. LinkedIn, even the free version, is an essential sales tool that every sales professional should be using, while leadership is continuing to turn to Sales Enablement to ensure that the business development team has all the strategies and tactics they need to be successful.