Keeping Current Matters

AUGUST 3, 2023

When you read about the housing market in the news, you might see something about a recent decision made by the Federal Reserve (the Fed).

Mortgages 246

Mortgages Marketing 246

Housing Wire

AUGUST 3, 2023

Too many real estate agents are watching artificial intelligence (AI) from the sidelines, assuming technology will never replace them. They repeat the mantra “Home buyers and sellers will always need a real estate agent.” Yet, even the most brilliant leaders in AI have a difficult time envisioning how AI will transform the world in five years. So how can real estate agents be so cavalier about their job?

Agents 370

Agents Technology Development Industrial 370

Real Estate News

AUGUST 3, 2023

The company reported a net income of $9.4 million, slightly below expectations, while its agent count grew by 7%.

Agents 246

Agents 246

Housing Wire

AUGUST 3, 2023

Aerial drone inspection of Lennar’s Westview housing development Miami, Florida. Taken by Felix Mizioznikov. Everywhere you look there seems to be bad news for the existing-home market — interest rates remain north of 7% and the median home price nears record levels at more than $410,000 as of June. The dynamics creating that dour landscape for perspective homebuyers eying existing homes are at the same time helping to boost another sector of the home market, however.

Land 370

Land Construction Development Finance 370

Advertisement

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.

Development

Real Estate News

AUGUST 3, 2023

Amid falling revenue and elusive net profits, the company plans to pilot a program to give agents "the lion’s share of the commission on self-sourced sales.

Agents 246

Agents Sales 246

Housing Wire

AUGUST 3, 2023

HSBC Bank USA on Tuesday disclosed that it is facing an investigation from the U.S. Department of Housing and Urban Development (HUD) for alleged redlining practices. The federal investigation is based on a complaint filed by the non-profit organization National Community Reinvestment Coalition (NCRC). According to filings with the Securities and Exchange Commission (SEC), HUD is investigating whether “HSBC Bank USA violated the U.S.

Lending 370

Lending Banks Mortgages Development 370

Housing Wire

AUGUST 3, 2023

Opendoor continued to feel the market’s headwinds in the second quarter of 2023, which led to fewer homes sold and lower revenues in the period. But the iBuyer greatly reduced its operating costs, delivered a profit, and increased its home purchases in the quarter. The iBuyer recorded a net income of $23 million from April to June, compared to a net loss of $101 million in the previous quarter and a net loss of $54 million in the same quarter last year, per Securities and Exchange Commi

As-is 369

As-is Marketing 369

Real Estate News

AUGUST 3, 2023

The Eighth Circuit Court of Appeals upheld a ruling denying HSA’s motion to force arbitration in the Sitzer/Burnett case, scheduled for trial in October.

246

246

Housing Wire

AUGUST 3, 2023

Mortgage rates continued to inch towards 7% this week as the 10-year treasury yields climbed past the 4% threshold. Investors assessed the state of the U.S. economy after Fitch Ratings downgraded the U.S.′ long-term, foreign currency issuer default rating from AAA to AA+ on Tuesday. The following day, the U.S. Treasury announced that it would sell off more than $100 billion of long-term securities.

Fixed-rate mortgage 369

Fixed-rate mortgage Mortgages Loans Sales 369

Real Estate News

AUGUST 3, 2023

The top iBuyer hopes scaling home purchases, improving margins on home deals and leveraging partnerships will fuel its return to positive net income.

234

234

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.

Industrial

Housing Wire

AUGUST 3, 2023

An October trial in federal court for one of the many commission lawsuits is imminent after HomeServices of America lost a recent appeal. The 8th Circuit Court of Appeals’ three-judge panel concurred with a lower district court’s decision that HomeServices is not permitted to enforce arbitration agreements signed by seller clients of franchisees under its authority.

MLS 368

MLS Staging Agents As-is 368

Inman

AUGUST 3, 2023

Joseph Magsaysay will join Compass' leadership as the brokerage looks to enhance its luxury presence in Silicon Valley. Magsaysay said he's developed a "people first" leadership strategy.

Agents 148

Agents Brokerage Development Industrial 148

Housing Wire

AUGUST 3, 2023

Black Knight reported slimmer profits and slowing organic growth in the second quarter, largely due to weaker mortgage volume from clients as well as near-term effects from the proposed merger deal with Intercontinental Exchange (ICE). The company’s profit dropped 61% quarter over quarter to $55.3 million in Q2 2023. Profit rose 32% from $40.3 million in Q1 2023. “Our second quarter results reflect a weaker than expected mortgage market coupled with the near-term effects of the propo

Bankruptcy 368

Bankruptcy Mortgages Development Loans 368

Inman

AUGUST 3, 2023

"Catching Real right now is like catching a wave," Kofi Nartey said. He sees the brokerage's sweeping growth and adoption of technology as the way of the future.

Brokerage 148

Brokerage Technology As-is Agents 148

Advertisement

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.

Brokerage

Housing Wire

AUGUST 3, 2023

Rocket Companies , the parent of Rocket Mortgage , returned to profitability in the second quarter of 2023 driven by an increase in the purchase mortgage market share and expense cuts in business lines that aren’t profitable. The Detroit-headquartered lender’s GAAP net income in Q2 was $139 million, an improvement from GAAP net loss of $411 million in 2023 Q1.

Loans 367

Loans Loan Officer Mortgages Principal 367

Inman

AUGUST 3, 2023

The ruling against HomeServices of America in federal court on Wednesday sets the stage for a likely Oct. 16 start for the first of two highly anticipated bombshell commission trials later this year.

Staging 148

Staging MLS Brokerage Agents 148

Housing Wire

AUGUST 3, 2023

@properties announced the promotion of Branden Lopez to the position of General Counsel. This move comes as @properties aims to expand its business and enhance legal support across its portfolio of enterprises. Lopez, who joined @properties in November 2022 as Director of Legal, has proven herself as a key member of the leadership team for @properties and Christie’s International Real Estate.

Title 366

Title Brokerage Branding Commercial 366

Inman

AUGUST 3, 2023

Expect expert insights as these eight iconic leaders take the stage at Luxury Connect. From groundbreaking sales tactics to visionary marketing strategies, these trailblazers have redefined what success looks like in luxury real estate.

Staging 148

Staging Sales Marketing Brokerage 148

Advertisement

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.

Agents

Housing Wire

AUGUST 3, 2023

Lamacchia Realty recently announces two significant mergers, marking an expansion for the company. Firstly, they are joining forces with Right Choice Real Estate , a well-known legacy brokerage in Massachusetts and Rhode Island for over 25 years. Founders Ron and Dawn Rusin will remain actively involved in running the office while focusing more on growing their real estate sales businesses as Lamacchia Realty takes charge of management-related tasks.

Marketing 363

Marketing Brokerage Sales As-is 363

Inman

AUGUST 3, 2023

Will the partial elimination of affirmative action in elite college admissions eventually impact representation, access and opportunity in the real estate industry? Watch Dr. Lee Davenport's conversation with Spelman College professor, Dr. Francesina R. Jackson.

Industrial 148

Industrial Agents 148

Housing Wire

AUGUST 3, 2023

Kofi Nartey, a top real estate broker with a client list of celebrities and prominent athletes, has joined The Real Brokerage as a national growth leader. In his new position, he will help build visibility for the brand, attract more agents as well as drive agent’s performance through coaching and development. “I will use my platform and national voice to draw more people not just to the industry, but to the opportunities to grow within the industry that The Real Brokerage presents,” Nartey tol

Brokerage 362

Brokerage Development Agents Industrial 362

Inman

AUGUST 3, 2023

The partnership gives Tom Ferry's network of real estate professionals access to the client satisfaction and retention platform, according to a statement.

Industrial 148

Industrial 148

Advertisement

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.

Agents

Brownstoner

AUGUST 3, 2023

Lined with lush front gardens, tropical flowers, manicured hedges, and leafy overhead trees, it’s clear why a block of Flatbush’s East 25th Street - between Clarendon Road and Avenue D - has been named this year's Greenest Block in Brooklyn. This morning, East 25th Street residents gathered on their block, alongside… Read More > The post Rich With Tropical Plants, Flatbush’s East 25th Street Named Greenest Block in Brooklyn appeared first on Brownstoner.

98

98

Inman

AUGUST 3, 2023

Redfin's second-quarter revenue declined 21 percent year over year to $275.6 million, as gross profits from its real estate services took a tumble amid a harsh housing market, according to an earnings call Thursday.

Marketing 148

Marketing Technology Brokerage Agents 148

The Close

AUGUST 3, 2023

A real estate domain is your online identity—the name (or technically the address) of your website, your www. hereiamworldreadytosellrealestate.com. It’s what people will type in to find you on the World Wide Web. It’s unique to you and should be a part of your overall branding and marketing strategy. When it comes to choosing great real estate domain names, our friend Bruce Ailion is hard to beat.

Branding 98

Branding Land Agents As-is 98

Inman

AUGUST 3, 2023

Embracing the digital shift is not only essential for survival but also offers immense opportunities for growth and success in the real estate market of the future, writes Victoria Kennedy, CEO of Atman Real Estate.

Marketing 148

Marketing Brokerage Agents 148

Advertisement

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.

Sales

RIS Media

AUGUST 3, 2023

Almost exactly a year ago, National Association of REALTORS® (NAR) Chief Economist Dr. Lawrence Yun first coined the term “housing recession” to describe the swift, sharp decline in real estate markets all over the country, as the Federal Reserve raised rates and spiraling inflation stung consumers. This week, with inflation seemingly under control and housing… The post Housing Recession ‘Essentially Over,’ Says NAR Economist appeared first on RISMedia.

Marketing 98

Marketing MLS Sales Industrial 98

Inman

AUGUST 3, 2023

The popular vacation-rental platform dragged down the results of its parent company Expedia Group in the second quarter of the year, according to an earnings call Thursday.

148

148

RIS Media

AUGUST 3, 2023

The Institute’s Luxury Market Report serves as your guide for analyzing trends and comparative data in the top residential markets across Canada and the United States. The report for July provides a review of the current statistics for the luxury market in North America on a month-over-month basis, as well as the 13-month trend. As… The post July Report: North American Luxury Market Remains Strong for Sellers appeared first on RISMedia.

Marketing 98

Marketing Residential Industrial Agents 98

Inman

AUGUST 3, 2023

In these times, double down — on your skills, on your knowledge, on you. Join us Aug. 8-10 at Inman Connect Las Vegas to lean into the shift and learn from the best. Get your ticket now for the best price. Are you receiving Inman’s Broker Edge? Make sure you’re subscribed here.

148

148

Advertisement

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.

Brokerage