Tue.Jan 17, 2023

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Useful Tips for Networking in Real Estate Business

Realty Biz

Networking is a crucial aspect of the real estate industry , and it's important to have a strong network of professionals to help you succeed. But where do you start? How do you effectively build and maintain relationships in the real estate business? Don't worry, we've got you covered. In this post, we'll provide you with some valuable tips for networking in real estate business we've gathered with the help of pros from realtybiznews.com.

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Rumors of mega-MSR offerings from Wells Fargo stir market

Housing Wire

The mortgage servicing rights (MSR) market has opened 2023 with a healthy volume of capital committed to purchasing the assets along with multiple sellers primed for deals — as evidenced by the $60 billion to $65 billion in MSR portfolio offerings currently out for bid, market experts say. That good news, however, is being overshadowed for now by what sources in the MSR market describe as a rumored record-sized series of planned MSR offerings that are reportedly being prepared by banking giant W

Marketing 476
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Think Twice Before Waiting for 3% Mortgage Rates

Keeping Current Matters

Last year, the Federal Reserve took action to try to bring down inflation.

Mortgages 303
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How should LOs prepare for the market ahead?

Housing Wire

The latest numbers have many in the industry starting the year on a hopeful note, with the possibility that we’ll see mortgage rates returning to the 5% range in 2023. “The 5% market’s a healthy market,” said Anna Ruotolo, branch manager and senior loan officer at Synergy One Lending. “A 5% market will be good. I think that brings enough people back into the market, [though] I do think there’s still a lot more demand than supply.”.

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The 2025 Real Estate Roadmap to Success

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.

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Lower signs Opendoor as first mortgage platform customer

Inman

Lower's "mortgage as a service" platform lets brands offer digital-first mortgages through application programming interface and no-code solutions.

Mortgages 183
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How Prosperity Home Mortgage plans to make up for lost volume in 2023  

Housing Wire

Chantilly, Virginia-headquartered mortgage bank Prosperity Home Mortgage saw mortgage origination volume plummet by 40% last year — at a time when mortgage rates had more than doubled, home prices remained elevated and the market suffered from a shortage of inventory. . Prosperity, a full-service mortgage banker operating in 49 jurisdictions in the U.S., plans to invest in tech, reduce vendor costs and focus on realtor partners in 2023.

Mortgages 417

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5 Bathroom Design Rules You Should Break in 2023

Realtor.com

Getty Images Most homebuyers embark on their house hunt with a list of deal breakers, but an outdated bathroom typically isn’t one of them. Sure, it might be hard to imagine yourself relaxing in a bathtub surrounded by stained tile, but most buyers can get past this flaw because it can be fixed rather painlessly. That’s why bathroom renovations are common among new homeowners and people who have owned their homes for decades.

Design 122
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Opendoor in 2023: The iBuying king and a business model in turmoil

Inman

Opendoor faces a fight for survival after "an abrupt strategy pivot" sent Opendoor into 2023 "without a proven business model." Here are the five biggest challenges facing the king of a troubled business model.

Brokerage 174
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Single-Family Permits Decreased in November 2022

Eye on Housing

Over the first eleven months of 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 921,626. On a year-over-year (YoY) basis, this is 10.5% below the November 2021 level of 1,029,208. Year-to-date ending in November, single-family permits declined in all four regions. The South posted a decline of 8.4%, while the West region reported the steepest decline.

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Agree to disagree: 11 real estate leaders dust off crystal ball for 2023

Inman

The market isn't done falling but could soon stabilize, according to a survey of real estate executives and economists conducted by Point.

Marketing 167
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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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Why Commercial Brokerages Like Cushman & Wakefield and JLL Are Hiring Chief Data Officers

Propmodo

Capital One was the first company to ever hire a Chief Data Officer in 2002. Back then, many of the first businesses to appoint CDOs were financial institutions, partly because of increasing federal regulations that mandated stricter data governance protocols. Today, large companies in the insurance and banking industries are still the ones most likely to have chief data officers but the executive role has spread beyond those sectors.

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Splitero’s $11.7M Series A takes aims at HELOC market

Inman

San Diego-based Splitero has secured more than $1 billion in total financing to back its model, which offers cash payments, or Home Equity Investments (HEI), to homeowners of up to $500,000 without income or credit score requirements and no monthly payments.

Equity 167
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Sotheby’s international Realty Expands in California

Sotheby's International Real Estate

Photo by Jeremy Bishop. Sotheby’s International Realty has announced that Richardson Properties has joined the network and will now operate as Richardson Sotheby’s International Realty. The addition marks the brand’s continued growth in California and its 115th office in the state. The company is led and managed by Chris Richardson and Brooke Sutton who bring more than 30 years of collective real estate experience.

Branding 100
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Website builder Luxury Presence lays off 44 employees

Inman

Luxury Presence has laid off 44 people. Founder and CEO Malte Kramer told the company it moved quickly to seize on the real estate market’s recent momentum by hiring quickly and capitalizing on available capital.

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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

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.

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Pros and Cons of We Buy Ugly Houses Flipping Companies

Maximum Exposure Real Estate

We Buy Ugly Houses Reviewed Do you know the pros and cons of selling your home to one of the we buy houses flipping companies? You only have to drive around your town for a little while to come upon “We Buy Houses” or “We Buy Ugly Houses” type signs plastered on telephone poles or […]. The post Pros and Cons of We Buy Ugly Houses Flipping Companies appeared first on Maximum Real Estate Exposure.

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Indie brokerages lead the way in 2022 NYC agent growth: Report

Inman

In the midst of one of the most confusing markets in recent history, New York City's independent brokerages led the way in agent count growth and retention — two metrics at the top of most leaders' minds as we inch closer to entering a mild recession.

Brokerage 167
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Keller Williams Facing 40 MILLION Dollar Lawsuit

Broke Agent Media

This week’s episode of The Real Word starts with Byron Lazine and Nicole White weighing in on the Keller Williams cold call class action lawsuit —and their $40 million settlement. Next up was a MarketWatch article on what economists have to say about home price cuts jumping from 7.1% in December to 13.6% this year. Asking the question, “Is now the time to buy before the spring rush hits?

Agents 98
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Sold.com partners with Revive to offer renovation services

Inman

The new partnership will allow Sold.com partner agents to refer their clients more easily to Revive's renovation network.

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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

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.

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6 Data Points Every Real Estate Agent Should Monitor

Broke Agent Media

As a real estate agent, you’re constantly juggling a million different tasks while trying to keep track of everything that’s happening in the market. Add in your yearly goals to grow your business, and things quickly become overwhelming. Many agents get into the habit of trying new strategies each week, hoping that one will eventually stick and be successful.

Agents 98
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Tap into your fantasies: Housle, the Wordle for real estate, is here

Inman

Housle encourages players to guess the asking price of a listing in 6 guesses or less. The web browser version of the game went live this week and an app is scheduled to launch next week.

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Mortgage and refinance rates today, Jan. 17, 2023

The Mortgage Report

Today’s mortgage and refinance rates Markets were closed yesterday for Martin Luther King Jr. Day. And average mortgage rates just inched higher last Friday. So far this morning, it’s looking […].

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Accountability vs. motivation: Which is more important now?

Inman

As a leader, you need to focus more on systems and processes and let your agents determine their own ways of ensuring accountability and motivation, writes Adam Hergenrother. Now is the time for prescriptions rather than descriptions, the what rather than the how.

Agents 158
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The Broker Action Plan for the Post-NAR Lawsuit Landscape

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.

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5 Real Estate Tools to Strengthen Your Listing Strategy in 2023

Lab Coat Agents

As a real estate agent, your time is valuable. The less time you spend on pointless and mundane tasks means the more you can spend on dollar-productive activities. Which is why leveraging tools is imperative to your 2023 listing strategy. In this article, discover 6 proven tools that you can leverage to boost your efficiency, maximize your time, and take your real estate business to the next level!

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Kelman: ‘I probably should have closed the iBuying business earlier’

Inman

Redfin's CEO told the "AP" he wishes he'd closed RedfinNow earlier than during the market correction taking place, calling the business model too risky and expensive.

Closing 158
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33 Questions to Ask When Choosing a Brokerage

Broke Agent Media

If you’ve decided to join a brokerage in your market, what you bring to the table is not the only thing that matters. As in any relationship—personal or professional—both sides need to know what the other brings to it. . Maybe you’ve narrowed your options down to three. But they all look so good , you’re hoping something jumps out at you during the interviews to make the right decision obvious. .

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RE/MAX launches ad campaign highlighting the agent’s value

Inman

With the tagline, "The right agent can lead the way," the campaign includes broadcast spots and digital assets that emphasize RE/MAX agents as experienced real estate professionals equipped to help consumers through any market.

Agents 158
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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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What Is a Kitchen Work Triangle, and Why Does It Matter?

Realtor.com

BenAkiba/iStock A kitchen work triangle is the shape formed when you connect your kitchen’s main three work areas—fridge, stove, and sink—where most of the prepping, cooking, and cleaning take place. If you’re in the process of renovating your kitchen, this “work triangle” term is bound to be bandied about—and for good reason: If there’s one room in your home that you’d like to be as streamlined and efficient as possible, it’s the kitchen.

Design 98
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Pulse: Tell us about someone who’s meant a lot to your career

Inman

In good times and bad times, there are some folks you can just count on. Tell us about someone who has made a difference in your career.

Agents 158
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The Easiest Way to Get Your Pipeline Established

Broke Agent Media

What’s the easiest way to get your pipeline established—and make it dynamic? This may be one of the best tactics I’ve talked about on Agent Hacks. My team took this hack, which came from Jeff Thibodeau, and put it on steroids. We implemented it at the end of December—and it’s still working. Take time this week to implement this strategy—setting up your pipeline for the entire year.

Agents 98
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One bright spot for rentals? Student housing, at least for now

Inman

The next few years appear to be "in solid shape" for off-campus student housing as students flock back to campus and send the demand upward, according to a new report.

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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

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.