Housing Wire

JANUARY 12, 2023

The housing inventory shortage dominated much of the conversation surrounding the housing market in 2022, but thanks to softening homebuyer demand, the number of active listings finished the year up 54.7% compared to the year prior, according to Realtor.com’s December Housing Report. Despite this sizable yearly increase, active housing inventory was down 33.4% compared to December 2019 and 38.2% compared to the December 2017-2019 average.

Mortgages 534

Mortgages Marketing Days on market Closing 534

Keeping Current Matters

JANUARY 12, 2023

During the pandemic, second homes became popular because of the rise in work-from-home flexibility.

Marketing 253

Marketing 253

Housing Wire

JANUARY 12, 2023

Mortgage industry watchers have started 2023 with optimism regarding the possibility of mortgage rates returning to the 5% range this year – but not without a dose of volatility on the way. “The mortgage market began 2023 on a positive note, with a decline in mortgage rates leading to an uptick in refinance applications. Purchase activity was down again on a weekly and annual basis,” Bob Broeksmit, Mortgage Bankers Association (MBA) president and CEO, said in a statement.

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Industrial Mortgages Fixed-rate mortgage Investor 505

Inman

JANUARY 12, 2023

A financial firm recently set a $6 price target for Opendoor stock. That price would be substantially higher than what shares are currently fetching.

Technology 174

Technology Marketing 174

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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.

Development

Housing Wire

JANUARY 12, 2023

The refi boom is in our rearview mirrors and the road ahead looks promising for home equity volume. Who knows how high that volume could go, considering tappable equity is at a historic high of $11 trillion and total home equity at a record $27.8 trillion. Black Knight’s report of a $1.2 trillion spike in tappable home equity in the first quarter of 2022 was a stunner, especially as it topped off a 12-month period that saw a 34% collective gain among mortgage holders.

Equity 418

Equity Title Technology Inspection 418

Inman

JANUARY 12, 2023

The founder and CEO of Tom Ford International bought the property after agreeing to sell his fashion label to Estée Lauder back in November, according to new reports.

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Inman

JANUARY 12, 2023

Zillow named this North Carolina city as its hottest market of the year, continuing the trend of cities with relatively warm climates taking the top spot, following Tampa in 2022 and Austin in 2021.

Marketing 167

Marketing 167

Housing Wire

JANUARY 12, 2023

Everyone in the mortgage and real estate industry is well aware of the shift in the market we experienced in 2022. Most, if not all, would describe the first half of 2022 and the last half of 2022 being two vastly different markets. . In the first half, there was record low inventory and high buyer demand due to low interest rates. This was quickly followed by hikes in the interest rates and a slowdown in the market in the last half.

Marketing 392

Marketing Industrial Mortgages Closing 392

Inman

JANUARY 12, 2023

The once-frantic pace of consumer price growth has been slowing for months, which may bode well for buyers' budgets — and their financing, according to new data from the U.S. Bureau of Labor Statistics.

Finance 167

Finance Marketing 167

Housing Wire

JANUARY 12, 2023

Consumer prices continued to climb, but at a slower pace in December, marking the sixth straight month of cooling inflation numbers. A slowdown in the pace of inflation is welcome news after the Federal Reserve raised interest rates to the highest level in over a decade. The Consumer Price Index (CPI) rose by 6.5% in December compared to one year ago.

MLS 392

MLS Land Mortgages As-is 392

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

Inman

JANUARY 12, 2023

While the 4.8 percent growth was still above historical norms, it’s the smallest increase since June 2021. Median asking rent in the nation’s 50 largest markets climbed to $1,979 last month.

Marketing 167

Marketing 167

Housing Wire

JANUARY 12, 2023

Get ready for Gathering of Eagles 2023. It is a new year filled with new opportunities and that is why the theme of this year’s conference is ‘Forging Opportunities.’. You and your teams have worked tirelessly through 2022 and into the new year. Even in a down market, you are finding opportunities for success and development as a housing industry professional.

Industrial 384

Industrial Development As-is Marketing 384

Inman

JANUARY 12, 2023

Real estate leaders are pessimistic about the state of the economy, but nevertheless upbeat about their ability to take share in a chaotic market, according to a new survey from Delta Media Group.

Brokerage 167

Brokerage Marketing Mortgages Agents 167

Housing Wire

JANUARY 12, 2023

Black Knight recently launched a web portal that enables clients, third-party providers and their developers to access the company’s application programming interfaces (APIs) across the mortgage life cycle. Dubbed the Developer Portal, clients can use Black Knight’s APIs to rapidly embed additional functionality within their applications, the company said in an announcement about the rollout.

Mortgages 380

Mortgages Technology Loans Development 380

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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.

Brokerage

Inman

JANUARY 12, 2023

The new feature, prepared through a partnership between the brokerage and Wattbuy, will display an estimate of the homes' monthly electricity bills and seasonal changes in pricing.

Brokerage 167

Brokerage 167

NAR: Economic Outlook

JANUARY 12, 2023

Instant Reaction: Mortgage Rates, January 12, 2023. The average rate on a 30-year fixed mortgage fell to 6.33% from 6.48% the previous week. By: . Nadia Evangelou. Mortgage Financing.

Mortgages 131

Mortgages Finance 131

Inman

JANUARY 12, 2023

This week, Byron Lazine and Nicole White are talking about the lagging growth at eXp, rising consumer confidence and the weekly media review Left, Middle, Right.

Marketing 167

Marketing Brokerage Agents 167

NAR: Economic Outlook

JANUARY 12, 2023

Instant Reaction: Inflation, January 12, 2023. The latest consumer price inflation of 6.45% in December is in the sixth consecutive month of deceleration after peak inflation of 9.1% in June 2022. By: . Lawrence Yun.

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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.

Agents

Inman

JANUARY 12, 2023

For years, real estate professionals have looked to millennials to push the housing market forward as previous generations slow their homebuying and homeselling activities. However, several obstacles — overwhelming student loan debt, stagnant wage growth and skyrocketing home prices — have stifled millennials' homeownership dreams and turned them into what Redfin CEO Glenn Kelman calls "the roommate generation.".

Loans 166

Loans Marketing Mortgages 166

Eye on Housing

JANUARY 12, 2023

Consumer prices in December saw the largest month-over-month decrease since April 2020. While still elevated, inflation experienced the third month below an 8% annual growth rate since February 2022. Moreover, this was the sixth consecutive month of a deceleration. However, the shelter index (housing inflation) continued to rise at an accelerated pace and was the largest contributor to the total.

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Inman

JANUARY 12, 2023

Lessen, a company that builds software to support the business operations of single-family rental investors and multifamily landlords has acquired SMS Assist, a facilities maintenance technology company.

Industrial 158

Industrial Technology Investor Property Management 158

Better Dwelling

JANUARY 12, 2023

Canada’s real estate market got a big boost from overleveraged borrowers, according to its bank regulator. OSFI data shows the share of mortgage borrowers that are overleveraged remains high. Overleveraged borrowers, those with a loan to income ratio of 450% or higher, have begun to taper with higher rates, but still represented 1 in 3 […]. The post Nearly 1 in 3 Canadian Mortgages Are Still Going To Overleveraged Borrowers appeared first on Better Dwelling.

Mortgages 122

Mortgages Banks Loans Marketing 122

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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.

Agents

Inman

JANUARY 12, 2023

With its inaugural Power Players list, Inman recognized more than 120 industry leaders for their influence and ingenuity as it kicks off a year of expanded awards.

Industrial 148

Industrial MLS Technology Brokerage 148

Realtor.com

JANUARY 12, 2023

Getty Images December brought good tidings to homebuyers in the real estate market. Nationally, median home list prices dropped about 11% from their peak over the summer to hit $400,000 in December, according to a recent Realtor.com® report. While prices were still up by about 8.4% year over year in December, this was the first time in a year that they rose by only single digits.

Mortgages 122

Mortgages Sales Marketing Days on market 122

Inman

JANUARY 12, 2023

The culture at your brokerage is key to retaining your team during this downturn. Livian CEO Adam Hergenrother says leadership needs to focus on production tools, not snacks and outings.

Brokerage 148

Brokerage Agents Marketing 148

Sotheby's International Real Estate

JANUARY 12, 2023

List Sotheby’s International Realty, Japan. A massage on a white sand beach beneath a luminous afternoon sun. A yoga class overlooking a jungle on a misty morning, as the sun rises. A meditation session surrounded by warm, aromatic candles amid the silence of a moonlit mountain. The demand and desire for such restorative, rejuvenating retreats has reached an all-time high, and it is quickly driving the nearly trillion-dollar wellness tourism industry.

Industrial 111

Industrial As-is 111

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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.

Sales

Inman

JANUARY 12, 2023

When your clients are seeing doom-and-gloom headlines, it's important to be able to crunch the numbers and give them the facts.

Marketing 148

Marketing Agents 148

Realtor.com

JANUARY 12, 2023

Getty Images High mortgage interest rates were like a bucket of ice water dumped on the sizzling-hot housing market last year. Buyers could no longer afford to buy. So builders stopped building, sellers stopped selling, and the housing market froze. However, mortgage rates are now coming down. And the slowdown in inflation could enable them to fall even further—perhaps even below 6%.

Mortgages 109

Mortgages Loans As-is Marketing 109

Inman

JANUARY 12, 2023

Barry Jenkins, Better Homes and Gardens Native American Group chief marketing officer, sat down with Inman ahead of his appearance at Inman Connect New York.

Agents 148

Agents Marketing 148

Realtor.com

JANUARY 12, 2023

Photos by @dennisvonnazareth/ @bessadesign / @kroniki via Instagram In this season of new beginnings, there’s nothing quite as refreshing as a decor makeover. And what better room to focus on than the living room? It’s one of the few spaces in your home that can be renewed by subbing in a few stylish products for those worn-out accessories you’re tired of staring at.

Design 100

Design As-is Marketing 100

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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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