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 430
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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 254
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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 366
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3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

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Why Keller Williams is a tech biz, according to its chief digital officer

Inman

In advance of his appearance at Inman Connect New York on Jan. 24-26, the franchisor's chief technology and digital officer told Inman what agents are asking for since the market changed.

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Splitero raises $12M to expand home equity investment operations

Housing Wire

San Diego, California-based startup Splitero , which is focused on home equity investments (HEI), has raised about $12 million in a Series A funding round to expand its operations. . Fiat Ventures led the investment round of $11.7 million, the parties announced Tuesday. Gemini Ventures , Joint Effects , PBJ Capital , Permit Ventures , Dream Ventures , Goodwater Capital , Spark Growth Ventures , and Oyster Fund participated in the investment round.

Equity 359

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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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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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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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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 142
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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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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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 139
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Over List, December

BubbleInfo

The number of December sales has been hanging right at 100 and ten closed above list, or 10%! Percentage Of Sales Closed Above the List Price, by Price Range If the over-list sales start to increase this spring and get above 20%, then the frenzy feelings are slipping back into the equation. Hopefully they will […].

Closing 105
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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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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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Attractive Pricing

BubbleInfo

Yesterday, we saw that there has been a flurry of new pendings this month. Could it be a result of brave buyers who have lowballed the sellers? We won’t know until they close escrow. But there is a direct correlation between how long a home has been on the market, and the discount expected by […].

Closing 105
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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 133
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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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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 156
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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

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.

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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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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 129
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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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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 133
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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

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.

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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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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 141
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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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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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5 Data Proven Ways Agents Can Do 18% More Business

Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.

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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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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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Canadian Households See A Big Drop In Real Wages Ahead: Bank of Canada

Better Dwelling

Despite Canada’s booming labor market, households see a bleak year ahead. Bank of Canada (BoC) conducted its quarterly Survey of Consumer Expectations for Q4 2022. The results show households expect inflation to continue ripping higher over the next year. At the same time, the outlook for their own wages have eroded. The combination has led […].

Banks 96
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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 120
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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.