Housing Wire
MARCH 22, 2023
The typical homebuyer’s down payment was down 10% year over year in January 2023, according to a report released Wednesday by Redfin. The report is based on data collected by Redfin from county record across 40 of the most populous metropolitan areas. Redfin found that the typical U.S. homebuyer made a $42,375 down payment in January, the smallest typical down payment recorded in nearly two years.
Real Estate News
MARCH 22, 2023
The Federal Reserve increased its benchmark rate by a quarter point, which is likely to influence mortgage rates and slow homebuying activity this spring.
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Housing Wire
MARCH 22, 2023
The Federal Reserve (Fed) has decided to forge ahead in its fight against inflation, despite several bank closures that have caused turbulence in the financial markets. On Wednesday, the Federal Open Market Committee (FOMC) announced the decision to raise the federal funds rate by 25 basis points to 4.75%-5%, its ninth consecutive rate hike. “The U.S. banking system is sound and resilient.
Real Estate News
MARCH 22, 2023
SphereBuilder, a new platform for agents and brokers, evaluates the effectiveness of online marketing — a critical tool for lead generation.
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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.
Housing Wire
MARCH 22, 2023
HousingWire recently spoke to Tom Kriby, vice president of client development and partnerships at Westwood Insurance Agency, about how working with an insurance agency can simplify the closing process for their customers, even in times of interest rate uncertainty. HousingWire: How is today’s market shaping the need for a better customer experience particularly when it comes to closings?
Keeping Current Matters
MARCH 22, 2023
Are you having trouble finding a home that fits your needs and your budget?
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Inman
MARCH 22, 2023
The unusually wide "spread" between 10-year Treasury yields and 30-year fixed-rate mortgages means mortgage rates could have more room to come down.
Housing Wire
MARCH 22, 2023
The Federal Reserve ‘s decision to raise the federal funds rate by 25 basis points on Wednesday signaled that officials are still focused on bringing down inflation to 2% while monitoring how much recent bank failures slow lending in the economy and cool demand. Mortgage rates, which climbed upward one day and went down the next in the wake of the recent wave of bank failures, will continue to be volatile before it stabilizes, industry watchers said.
Inman
MARCH 22, 2023
A contracting market will place pressure on struggling startup entrepreneurs while some broker-owners use the down market as an opportunity to nail down a succession plan, analysts told Intel.
Housing Wire
MARCH 22, 2023
The U.S. Department of Veterans Affairs (VA) announced on Wednesday that it will lower the VA Native American Direct Loan (NADL) program interest rate from 6% to 2.5% in an effort to make housing loans more affordable for Native American military veterans. The program provides direct loans to Native American veterans and veterans who are married to Native American non-veterans to help with the purchase, construction or renovation of a home on trust land.
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.
Inman
MARCH 22, 2023
Mortgage rates expected to ease even as Fed vows to continue "quantitative tightening" that's trimming mortgage holdings by $35 billion a month.
Housing Wire
MARCH 22, 2023
The current bank crisis hit California-based Pacific Western Bank , a community bank owned by PacWest Bancorp that has a focus on real estate and commercial loans. Following the collapses of Silvergate Bank , Silicon Valley Bank and Signature Bank over the last few weeks, deposits at the financial institution had dropped to $27 billion as of March 20, a decline of 20% compared to the end of December.
Inman
MARCH 22, 2023
Fee hikes for new and existing agents are set to begin April 1 and come after a tumultuous 2022, when Real posted significant losses, the brokerage confirmed to Inman.
Housing Wire
MARCH 22, 2023
Homebot , a home education portal that keeps people connected to their loan officers and real estate agents, acquired Quo Finance , a mobile app for first-time homebuyers. “Quo will massively accelerate Homebot’s mission to connect people to make informed homeownership decisions,” Charlie Pratt, CEO of Homebot, said in a statement. Quo’s team, led by co-founders Tucker Hass and Neel Yerneni, will join Homebot.
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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.
Inman
MARCH 22, 2023
Business ethics firm Ethisphere released its 2023 rankings on Tuesday, which honored four real estate brands including Anywhere, CBRE Group, JLL and Thailand-based DTGO.
Marco Santarelli
MARCH 22, 2023
Making money online has become increasingly popular in recent years. The internet has opened up numerous opportunities for individuals to make money online. Many people are searching for ways to make money online, but they are not sure where to start. From freelancing to affiliate marketing, the possibilities are endless. The rise of the gig economy and online businesses has opened up countless opportunities for people to earn money from the comfort of their own homes.
Inman
MARCH 22, 2023
In reporting a $9.9 million fourth-quarter loss, Fathom executives said they see a path to profitability without saying exactly when that might happen.
Keller Williams
MARCH 22, 2023
This time every year across the United States, early spring ushers in colorful wildflowers, longer evenings, and the collective anxiety of Americans preparing to file their taxes. Whether you bravely handle your own paperwork or you work with a CPA, you’re in good company if you procrastinate come tax time or think of your taxes as a necessary evil.
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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.
Inman
MARCH 22, 2023
The typical down payment for a homebuyer in the United States fell 10 percent between January 2022 and 2023, to $42,375, according to new data released Wednesday by Redfin.
Eye on Housing
MARCH 22, 2023
The Federal Reserve’s monetary policy committee raised the federal funds target rate by 25 basis points but indicated that it was moving to a more data dependent mode as markets digest incoming risks for banks. The Fed is balancing two economic risks: ongoing elevated inflation and emerging risks to the banking system. Chair Powell noted that near-term uncertainty is high.
Inman
MARCH 22, 2023
At a time when all eyes are seemingly on the fall of Silicon Valley Bank and Signature Bank, RealPage Chief Economist Jay Parsons is watching the impact of something else.
Coldwell Banker
MARCH 22, 2023
Coldwell Banker Affiliates President Liz Gehringer Expands Franchise Leadership Role The post Kamini Lane Named President and CEO of Coldwell Banker Realty appeared first on Coldwell Banker Blue Matter.
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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.
Inman
MARCH 22, 2023
There are so many social media tools that it’s tough to figure out what works and what’s a waste. To cut through the noise, Laura Viñalet put together this list of time-saving social media tools for agents.
Windemere Selling
MARCH 22, 2023
You’ve seen “For Sale” signs around your neighborhood, but what does it take to actually put your home on the market? First-time home sellers often enter the selling process unaware of what’s to come, their heads full of questions. Understanding the selling process will inform your conversations with your real estate agent and will help you stay organized and on schedule as you sell your home for the first time.
Inman
MARCH 22, 2023
The launch comes seven months after the rental marketplace announced a $30 million funding round to help solidify its space in the short-term rental market and serve all types of renters.
Realty Biz
MARCH 22, 2023
B2B marketing is an incredible tool, and it’s one that offers massive opportunities for growing your brand. This goes double for the real estate industry. At the same time, however, B2B marketing isn’t necessarily for the faint of heart. Here are some helpful tips on how to incorporate it into your real estate blog so you can reap its many rewards. Think Locally, Act Globally Real estate marketing naturally focuses on neighborhoods and niches that are local to you and where you have the most exp
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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.
Inman
MARCH 22, 2023
On the first day of spring, agents across the U.S. who spoke to Inman saw the return of bidding wars and busy open houses, suggesting that after a slow 2022 the market is turning a corner.
Realtors Property Resource
MARCH 22, 2023
Market Trends and Housing Stat charts are now available on the RPR Mobile™app, so you can stay up-to-date when you’re on the go. The post Market Trends and Housing Stats now Available in RPR Mobile™ appeared first on Realtors Property Resource (RPR).
Inman
MARCH 22, 2023
TikTok's newest feature allows users to refresh their "For You Page" setting based on their most recent interactions. This ability will allow users to have even more control over what they see and help quality content be seen by more people.
Broke Agent Media
MARCH 22, 2023
BAM Key Details: HubSpot’s Social Media Trends 2023 Report conducted a survey to reveal the types of content that are most effective right now. Relatable content offers the most ROI, according to the report. You know social media is an essential tool to reach and engage with consumers in your market. But with so much noise on social platforms, it can be a challenge to create content that stands out and delivers results.
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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.
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