Tue.Sep 19, 2023

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Rising Mortgage Rates Affect August Housing Starts

RIS Media

As mortgage rates currently sit above 7%, housing construction has taken a hit in response, according to a new report from the National Association of Home Builders (NAHB) using data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Housing starts dropped a steep 11.3% in August, as NAHB reported,… The post Rising Mortgage Rates Affect August Housing Starts appeared first on RISMedia.

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Real estate appraisals: What agents should know

Housing Wire

You’ve found a house for your buyer or a buyer for the home you’re selling. The negotiations were successful, and a deal has been reached. A home inspection hasn’t yielded any problems, so nothing is standing in the way of closing, right? Not necessarily. One of the final hurdles to clear is the appraisal , and it has the power to leave a deal dead in the water.

Agents 450
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Men, it's time to do better

Real Estate News

Sexism isn't just a societal problem, it's a real estate industry problem. And if anything is going to change, men will have to step up — and speak up.

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Downside risk to home sales is limited despite 7% rates: Fannie Mae

Housing Wire

The housing market faces renewed headwinds with mortgage rates settling above 7%. Still, the downside risk to home sales is limited as more sales are being driven by life events, according to Fannie Mae ’s Economic and Strategic (ESR) Group. “New home sales were surprisingly strong in the first half of the year, due partly to homebuilder rate buydowns , which become more expensive when mortgage rates rise,” Fannie Mae’s ESR group said in its latest commentary.

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3 Real Estate Office Hacks to Help Kickstart the Busy Season

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.

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People on the Move: Christie's elevates 2 execs to president

Real Estate News

Former president Chris Lim moves into an advisory role, while EVPs Natalie Hamrick and Kevin Van Eck will share the top leadership position.

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Alterra Home Loans names Fernando Ospina as president

Housing Wire

Alterra Home Loans , a Nevada headquartered retail lender and a Panorama Mortgage Group company, has promoted Fernando Ospina to president. Ospina, who has worked for the firm since 2018, formerly served as Alterra’s SVP of national production for the last year. He originated more than $46 million in loans in 2022, the company said. Ospina will oversee the firm’s strategic direction, operational activities, and growth initiatives while ensuring Alterra provides accessible and tailored mortgage s

Loans 426

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CRMLS will use CubiCasa’s floor plan creation tools

Housing Wire

CubiCasa will be providing its user-friendly floor plan creation tools to the 110,000 members of California Regional MLS (CRMLS), the largest MLS in the United States. With this new partnership, CRMLS and CubiCasa say they will deliver more value to consumers through digital floor plans, and help create a more organized and transparent real estate market. “We strongly believe that floor plans create a better home buying experience for consumers and provide valuable data to the MLS compilat

MLS 421
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Investors who fund most home loans get new climate risk tool

Inman

Intercontinental Exchange Inc. teams up with DeltaTerra Capital to translate physical climate risk estimates into financial risk assessments factoring in default risk, asset price depreciation and insurance costs.

Investor 170
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Chris Lim steps down at Christie’s president; Hamrick and Van Eck to share role

Housing Wire

Chris Lim is stepping down as president of Christie’s International Real Estate , according to an announcement on Tuesday. The brokerage noted that Lim will remain at Christie’s as a senior advisor and global brand ambassador, working to expand the relationship between the real estate business and the auction house, among other duties. Lim’s former role will be divided between Natalie Hamrick and Kevin Van Eck, who will lead the firm’s operations in the Americas.

Brokerage 411
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Housing starts plunge to 3-year low

Inman

In August, housing starts hit their lowest level since June 2020, when builders were struggling with COVID-fueled "shutdowns, labor shortages and supply chain issues," according to U.S. Census data.

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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

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.

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Top Louisiana indie brokerage joins The Real Brokerage

Housing Wire

The Real Brokerage continues to add to its agent count. Lafayette, Louisiana-based District South Real Estate Co. has joined Real, according to an announcement on Tuesday. Led by Carrie Théard and Sean Hettich, District South’s 40 agents serve home buyers and sellers in Louisiana’s Acadiana region. All 40 of Théard and Hettich’s agents will be joining Real, bringing the firm’s agent count to over 12,000.

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Granny flats, tiny homes and ADUs: The essential guide

Inman

Your clients need a lot more than your enthusiasm to act on their ADU dream, writes ADU expert Kendyl Young. They need facts, resources and a patient ear to listen and help overcome their fears.

Brokerage 164
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Grid151 acquires Simply Secure Sign’s eClosing technology

Housing Wire

Grid151 , a technology products provider for the mortgage and real estate industries, has acquired Simply Secure Sign , an eClosing technology platform, the company announced Tuesday. As a result, Grid151, which is owned by the holding company of Westcor Land Title Insurance Company , will integrate Simply Secure Sign into GridBase, its universal API for lender and title collaboration.

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Compass scoops up high-end SoCal boutique brokerage

Inman

DPP Real Estate has more than 175 agents and specializes in architecturally significant properties. Moving forward, the firm will be known as DPP @ Compass.

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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

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.

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CFPB details legal requirements for lenders’ use of A.I. when making credit decisions

Housing Wire

The Consumer Financial Protection Bureau (CFPB) on Tuesday announced a series of legal requirements lenders must adhere to when using artificial intelligence (AI) or “other complex models” when making decisions about the creditworthiness of borrowers. “The guidance describes how lenders must use specific and accurate reasons when taking adverse actions against consumers,” the CFPB said in the announcement.

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Your Home Equity Can Offset Affordability Challenges

Keeping Current Matters

Are you thinking about selling your house?

Equity 251
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Opinion: Beware of the hidden losses of real estate mergers and acquisitions

Housing Wire

As someone who worked for a large, nationally branded brokerage for 30+ years, I had a front-row seat to many mergers and acquisitions. I would love to say they all went well, but they didn’t. Back before iron-clad earn outs and claw-back clauses, I witnessed a time when two days after an acquisition announcement, the entire agent population walked out with the managers.

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Egypt Sherrod would have been a serial entrepreneur in another life

Inman

The real estate broker, investor, HGTV star and Inman Influencer shared her thoughts on a wide range of topics, from real estate to personal hobbies and more. Here's what she revealed to Inman.

Investor 151
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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

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.

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Nestfully adds BeachesMLS and MIAMI Realtors SEFMLS to its database

Housing Wire

BeachesMLS ’ and MIAMI REALTORS SEFMLS , South Florida ’s two largest Multiple Listing Services (MLSs), have begun providing complete listing data to Nestfully , a public search portal sourced directly from the MLS, the company announced last Wednesday. Created in the first quarter of 2023, Nestfully was initially fed by three MLSs: California Regional MLS (CRMLS), Bright MLS and REcolorado.

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What is the ROI of Online Real Estate Leads? Insights from a 5 Year Study

Inman

Most real estate tech companies focus on making their customers happy, but the CINC team is hyperfocused on making their clients more MONEY.

As-is 168
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Title insurance premium volume dropped 37% in Q2 2023

Housing Wire

Title premium volume continued to trend downward during the second quarter of 2023 as high mortgage rates and low housing inventory continued to plague the real estate industry. During the second quarter, the title industry generated $3.91 billion in title insurance premiums, down from $6.21 billion from a year ago, according to the American Land Title Association’s Market Share Analysis , released Monday.

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Chris Lim steps down as Christie’s president as co-presidents named

Inman

Natalie Hamrick and Kevin Van Eck, vets of Christie's and @properties, will take up Lim's former role as co-presidents. Nidhal Charfi, formerly of Compass, is also joining as vice president of affiliate expansion, Inman has learned exclusively.

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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

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.

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Social Skills: Real Estate Agent Profile Tips to Grow Your Social Media Presence

RIS Media

As social media continues to be a go-to source for potential buyers and sellers to find the real estate agent they want to work with. It is important for real estate agents to master the art of social media to stay ahead in the game. A well-crafted social media profile can be your digital calling… The post Social Skills: Real Estate Agent Profile Tips to Grow Your Social Media Presence appeared first on RISMedia.

Agents 127
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Coldwell Banker Agents Win Big on LGBTQ+ Real Estate Alliance Top Producers List

Coldwell Banker

The post Coldwell Banker Agents Win Big on LGBTQ+ Real Estate Alliance Top Producers List appeared first on Coldwell Banker Blue Matter.

Agents 128
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Growth, Competition and Profit: Is the Listing Portal Space Sustainable?

RIS Media

Above, Andy Florance, left, Founder and CEO of CoStar Group, talks with RISMedia Founder and CEO John Featherston at RISMedia’s 35th Annual CEO & Leadership Exchange on Sept. 6. Photo by AJ Canaria. If there’s one thing that industry executives can agree on, it’s that there are way too many variables regarding real estate portals… The post Growth, Competition and Profit: Is the Listing Portal Space Sustainable?

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2023 Resident Preferences: Why Resident Satisfaction Is a Top Competitive Differentiator

App Folio

AI solutions hold enormous potential to boost efficiency, streamline processes, and improve business outcomes, especially when implemented responsibly and in the right ways. Tune in to The Top Floor podcast to learn how.

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5 Data Proven Ways Agents Can Do 18% More Business

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.

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Christie’s Names New Co-Presidents, Chris Lim to Change Roles

RIS Media

Luxury brand Christie’s International Real Estate has announced it has promoted two top executives, Natalie Hamrick and Kevin Van Eck, to lead the network in the Americas as co-presidents, a role most recently held by Chris Lim who will remain with the company as a senior advisor and global brand ambassador, working to expand the… The post Christie’s Names New Co-Presidents, Chris Lim to Change Roles appeared first on RISMedia.

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10 Real Estate Deals in 18 Months After Losing 80% of His Income

Bigger Pockets

Completing ten real estate deals in only eighteen months might seem ambitious for a rookie investor, but today’s guest had no choice after experiencing a MAJOR loss of income.

Investor 104
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A Positive Mindset Is Paramount in an Ever-Changing Industry

RIS Media

The real estate market is always changing; that is pretty much guaranteed. How you react, adjust and adapt is what matters. Given the current real estate landscape with low inventory, increased rates and a changing economy, you may need to adapt your strategies to sustain success and grow your business. For many agents, this change can… The post A Positive Mindset Is Paramount in an Ever-Changing Industry appeared first on RISMedia.

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Daily Links: Landlords Are Deregulating Brooklyn Apartments Based on Upgrades Done Decades Ago

Brownstoner

In the News How a Brooklyn Advocate for Menstrual Equity Spends Sundays [NYT] ‘So Much Suffering:’ What Migrant Children Carry to New York [NYT] Tight School Budgets See Brooklyn Educators Fundraising for Support [BP] Man Arrested in Crackdown on Dogs in Cadman Plaza Park [Eagle] Everything to Know About Doing Comedy Naked in Bushwick [Bushwick… Read More > The post Daily Links: Landlords Are Deregulating Brooklyn Apartments Based on Upgrades Done Decades Ago appeared first on Brownsto

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Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

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.