Housing Wire
NOVEMBER 18, 2022
The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. On a positive note, however, the days on the market are no longer a teenager anymore: that metric grew from 18 days to 21 days.
Eye on Housing
NOVEMBER 18, 2022
According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, during the third quarter of 2022 single-family attached starts totaled 38,000, which is 12% higher than the third quarter of 2021. Over the last four quarters, townhouse construction starts totaled 152,000 units, 7% higher than the prior four quarter total (142,000).
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Housing Wire
NOVEMBER 18, 2022
Don’t be fooled by last week’s mortgage rate collapse. A combination of elevated mortgage rates, sluggish home sales and inflation continue to plague the housing market workforce, with numerous mortgage lenders and real estate startups shedding employees. “The U.S. housing market appreciation and the rapid increase in mortgage rates have reduced housing affordability and accelerated the plunge of mortgage origination volumes,” a recent Fitch Ratings report stated.
Sotheby's International Real Estate
NOVEMBER 18, 2022
Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Park City, Utah | Summit Sotheby’s International Realty. The property sits at the top of the Crown Point ski lift and looks out over the Bald Eagle Mountain ski slopes. Hot property: five US ski homes for sale – Financial Times. This Award-Winning $13 Million Hillside Mansion ‘Floats’ Above Los Angeles – Robb Report.
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Housing Wire
NOVEMBER 18, 2022
The housing recession was in full swing in October. Existing home sales last month declined 5.9% from September to a seasonally adjusted annual rate of 4.43 million in October, and were down 28.4% year over year. That’s the largest year over year existing home sales decrease since 2007. “More potential homebuyers were squeezed out from qualifying for a mortgage in October as mortgage rates climbed higher,” National Association of Realtors Chief Economist Lawrence Yun said in a statement.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
NOVEMBER 18, 2022
Black Knight agreed to sell its TitlePoint business unit to former parent company Fidelity National Financial for $225 million in cash. A sale of TitlePoint is expected ahead of Black Knight’s planned blockbuster acquisition by Intercontinental Exchange , Inc. . TitlePoint enables searches for detailed property information, images of documents and maps across the U.S. and is used by title insurance underwriters, title agents and closing attorneys. .
Real Trends
NOVEMBER 18, 2022
Any agent working in today’s market knows, that despite the ongoing struggles, you still have to bring in new business somehow. For new agents who haven’t experienced a down market before, this can seem especially intimidating. Thankfully, industry veteran Kristin Green, sat down with RealTrends to discuss her best practices for reaching her sphere of influence that are foolproof even in a down market.
Housing Wire
NOVEMBER 18, 2022
The third quarter used to be historically the strongest of the year for independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks. At least until 2022. On the origination side, these companies’ costs exceeded $11,000 per loan for the first time, despite a reduction of 19% year over year for the total employees per firm, which contributed to the pre-tax net income in Q3 hitting its lowest level since 2008.
Point2Homes
NOVEMBER 18, 2022
During the pandemic, the way we work went through a significant change. Jobs that had long been restricted to the office were suddenly being carried out in the comfort of the employee’s home in a move that would see more workers than ever before switching to remote work. While the future of flexible work remains uncertain, the benefits this system has introduced are clear.
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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.
Housing Wire
NOVEMBER 18, 2022
On Aug. 31, 2022, the Federal Housing Finance Agency (FHFA) announced that it would conduct a comprehensive review of the Federal Home Loan Bank (FHLB) system. This article addresses two legal issues relevant to the review: FHFA’s statutory authority to reduce the number of Federal Home Loan Banks, and The application of the FHLBank statutory “super lien”.
Lab Coat Agents
NOVEMBER 18, 2022
Whether you’re thinking about going into the real estate business or you’ve already started, it’s important to know exactly what you’re getting into. In this article, I’ll discuss some of the top questions you might have, as well as what you’ll need to study and how to get started. Take The Quiz! Why Should I Become A Real Estate Agent?
Realtor.com
NOVEMBER 18, 2022
Photos by @maisonfeteetcie / @katherineyounghome / @simonlewisphoto via Instagram@ No matter who you’ll be sharing your Thanksgiving table with this year, one thing is for certain: You’re going to want to set it well ahead of time. Planning and setting a beautiful tablescape is one of the items on your Thanksgiving to-do list that can be completed a day or so before guests arrive.
Real Trends
NOVEMBER 18, 2022
Real estate marketing company Luxury Presence launched a new suite of lead-generation tools this week aimed at helping real estate agents, teams and brokerages scale the online presence of their businesses. “We’ve been working on these tools for months, in anticipation of a market shift , to give our agents access to the best solutions for driving business growth in the current market environment,” said Malte Kramer, CEO and founder of Luxury Presence.
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.
Realtor.com
NOVEMBER 18, 2022
MLS via Realtor.com We all know good things come in small (though not necessarily cheap!) packages; and an elaborate treehouse in Bentonville, AR , is a magical reminder. A veritable leafy playground, this luxe treehouse is just 866 square feet of nonstop fun—and it’s available for $1,250,000. The treehouse’s eye-popping architecture quickly made it internet-famous as one of last week’s most popular home listings.
Real Trends
NOVEMBER 18, 2022
The tech revolution has reshaped the real estate industry in a major way. Between artificial intelligence (AI) and machine learning, sophisticated technological advancements are pushing the real estate industry into a new era. However, insightful data could be the most important factor to succeeding in today’s tough housing market. Data allows real estate professionals to understand their customers’ and potential customers’ wants and needs.
Toronto Realty Blog
NOVEMBER 18, 2022
TorontoRealtyBlog. Remember that guy back in high school that was super popular and always got the ladies? I’m asking the gents in here to remember because my follow-up question is this: did you hate him or did you respect him ? Those are your only two options because, in truth, those were really the only two reactions that most guys had. If you hated him, why was that?
Realty Biz
NOVEMBER 18, 2022
Gaining sources of passive income is what lots of people are looking for. Without any doubt, purchasing real estate is one of the most reliable investment decisions. Just for reference, the real global state market is expected to show a Compound Annual Growth Rate (CAGR) of about 4.8% between 2021 and 2030. It clearly evidences that the niche is highly promising and not saturated yet. .
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.
Realtor.com
NOVEMBER 18, 2022
Realtor.com The barndominium craze shows no signs of slowing down. Over 1,200 listings in Texas mention “barndominium” in their descriptions, but it’s not the lone star state of these rustic structures. Tennessee has more than 100 for sale, and the Georgia and Florida listings are inching closer to triple digits. With so many barndominiums to sift through, we turned our gaze to affordability.
Bigger Pockets
NOVEMBER 18, 2022
If you are like me, I suspect you’ve heard a good number of gurus, or even seasoned, well-meaning investors, give the following advice in some form or fashion: “Systems and […].
Realtor.com
NOVEMBER 18, 2022
Getty Images Once upon a time, long before podcasts or Feedly came along, people spent much of their free time devouring the wisdom found in books ! Today, many tomes serve purely as home decor. Instagram feeds are loaded with ways to make them shine—stacked on coffee tables , color-coordinated on shelves, wrapped in paper, and more. It makes sense, to a certain extent. “Americans don’t read as much.
Bigger Pockets
NOVEMBER 18, 2022
Pace Morby’s name is synonymous with creative financing. In fact, you could say that he’s brought back a revival of strategies like subject to and seller financing. He’s been so […].
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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.
Realtor.com
NOVEMBER 18, 2022
Design by Realtor.com / Graph courtesy of Freddie Mac / Getty Images (2) Mortgage rates have skyrocketed this year, scaring many would-be homebuyers and sellers out of the market. But even when rates seesaw lower, as they did this week, it still takes a toll on the housing market. Why? Because when financial conditions are so erratic and unsettled, many would rather wait it out. “Today’s homebuyers and sellers are dealing not just with higher housing costs, but more uncertainty as a result
The American Genius for Real Estate
NOVEMBER 18, 2022
The million dollar, golden ticket questions all home buyers are wanting to know: Will home prices go up, stay the same, or decline next year?
Realtor.com
NOVEMBER 18, 2022
Getty Images / MLS via Realtor.com Charlize Theron recently revealed that she’s patient enough to make a real killing in real estate. The actress just sold the Los Angeles casita she bought about 20 years ago for a mere $519,000. The home was listed last month for $1,995,000, according to Dirt. It was sold in less than two weeks, public records show.
Brownstoner
NOVEMBER 18, 2022
Sections of the BQE’s triple cantilever will be closed for three weekends between March and October next year while "emergency repairs" are made to areas around Clark Street, Grace Court and the Joralemon Street garage, Department of Transport reps told a community meeting on Wednesday night. Queens-bound lanes will be… Read More > The post BQE to Close for Three Weekends, Around 20 Nights While Repairs Are Made on Cantilever appeared first on Brownstoner.
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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