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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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.
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?
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.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
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.
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
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 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.
Advertiser: Trellis
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.
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.
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
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.
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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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
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.
Keeping Current Matters
MARCH 22, 2023
Are you having trouble finding a home that fits your needs and your budget?
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.
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.
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.
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.
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
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.
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
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.
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.
Inman
MARCH 22, 2023
Creating an ongoing content marketing plan means making use of ongoing blog posts. Part 3 of this five-part series shares what to write and how to make sure your blog posts matter.
BubbleInfo
MARCH 22, 2023
Cute & cozy beach bungalow in front, plus a 2br/2ba ADU in back with ocean views! The most exclusive real estate in the world is within one block from the beach, and its value is soaring!
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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.
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.
Maximum Exposure Real Estate
MARCH 22, 2023
Tips For Finding Out if Someone Died in Your House One of the questions people often ask themselves is, “did someone die in my house.” Others will wonder what happened in my house before I lived there. Living in a house where someone died is no big deal for some. For others, it can be […] The post House History Deaths By Address Free appeared first on Maximum Real Estate Exposure.
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.
Broke Agent Media
MARCH 22, 2023
Early in my career, I didn’t have the money to do all the things I was told a real estate agent should be doing: direct mail , pricey coaching programs, etc. But I, a natural ‘people person’, was having a great time on this new thing called Facebook. In fact, I spent so much time on it, my manager once mused about how much more business I might be able to do if I spent a little less time there.
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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