Housing Wire
AUGUST 11, 2023
The Mortgage Bankers Association (MBA) reported that the mortgage delinquency rate fell to its lowest level since it began tracking this metric 43 years ago, supporting claims the economy is on the cusp of a turnaround. “Buoyed by a resilient job market, homeowners are continuing to make their mortgage payments,” Marina Walsh, the MBA’s vice president of industry analysis, said in a statement.
Real Estate News
AUGUST 11, 2023
MLS system provider Rapattoni has been down since midweek, leaving tens of thousands of agents unable to add listings and update information.
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Housing Wire
AUGUST 11, 2023
Nearly one in ten homes in the U.S. are worth at least $1 million dollars, close to all-time-high levels of June 2022, according to a new report from Redfin. Just over 8% of homes are worth $1 million or more, not far off the high of 8.6% in June. This up s wing in home prices comes on the heels of a major dip in February, when only 7.3% hit the $1 million price threshold.
Real Estate News
AUGUST 11, 2023
E&V opens new shops in SW Florida, Atlanta; Caribbean firm joins Christie's; eXp gains 82-agent team; Premier Sotheby's hires managing broker; more.
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Housing Wire
AUGUST 11, 2023
After years of discussion , the U.S. Treasury Department is expected to propose a rule that would effectively end anonymous luxury home purchases in the coming weeks, according to the Financial Crimes Enforcement Network’s ( FinCEN ) regulatory agenda. The rule, which department officials first said they planned to implement in 2021, would require real estate professionals, such as title insurers, to report the identities of beneficial owners buying real estate in cash to FinCEN.
Real Estate News
AUGUST 11, 2023
Two regional studies of home sales found that properties listed on the MLS sold for significantly more than homes sold off-MLS.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
AUGUST 11, 2023
The company reported significant year-over-year declines, with revenue taking a nearly 25% hit — but numbers were much improved over Q1.
Housing Wire
AUGUST 11, 2023
AG Mortgage Investment Trust, Inc. entered into a definitive agreement Tuesday to merge with Western Asset Mortgage Capital Corp., beating its competitor Terra Property Trust, Inc. AG Mortgage, a pure-play residential mortgage REIT controlled by Angelo, Gordon & Co. and owner of mortgage lender ARC Home , made a stock-and-cash offer for its peer Western Asset, managed by Franklin Resources, Inc.
Inman
AUGUST 11, 2023
Federal investigators are working with MLS software company, and its insurance carriers are negotiating with hackers, who have prevented new data from being input after the Aug. 9 attack.
Housing Wire
AUGUST 11, 2023
New York-based digital lender Better.com will be going public via a merger with special purpose acquisition company (SPAC) Aurora Acquisition Corp. nearly two years after Better’s initial timeline to IPO. “At least 65% of the outstanding ordinary shares of the company entitled to vote at this meeting have voted in favor of (the) proposal,” Arnaud Massenet, CEO of Aurora Acquisition Corp, said in a shareholder’s meeting on Friday.
Advertiser: Trellis
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Inman
AUGUST 11, 2023
Don’t believe the lies. You are in the right place, at the right time, and in the exact business that can help you build the life you always dreamed of having, Jimmy Burgess writes.
Maximum Exposure Real Estate
AUGUST 11, 2023
The mill rate is an important factor in understanding property taxes in the US. It represents the taxes paid per dollar of a property’s assessed value. Property taxes are calculated by multiplying the assessed value by the mill rate and dividing the result by 1,000. Mill rates vary depending on the local jurisdiction and are […] The post What Are Mill Rates: Understanding Property Taxes appeared first on Maximum Real Estate Exposure.
Inman
AUGUST 11, 2023
The U.S. Treasury Department is poised to enact expanded reporting measures on luxury home sales, putting an end to anonymous purchases that have enabled oligarchs, terrorists and others.
Maximum Exposure Real Estate
AUGUST 11, 2023
Are you wondering about the condo pros and cons? Living in a condo comes with its own set of advantages and disadvantages. Condos offer affordability, shared maintenance costs, and potential investment opportunities. On the other hand, homeowners association fees, lack of privacy, and restrictions set by the HOA can pose challenges. Understanding these pros and […] The post The Advantages and Disadvantages of Condos appeared first on Maximum Real Estate Exposure.
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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
AUGUST 11, 2023
The total worth of homes in the United States hit a record high of $46.8 trillion in June, overtaking the prior all-time high of $46.6 trillion set a year earlier, according to the analysis by Redfin Friday.
RIS Media
AUGUST 11, 2023
If you suggest that your clients make updates before selling, then they will likely ask, “Do you have anyone you could recommend?” Not having an answer isn’t great but giving them a bad contractor is even worse. There are many horror stories, and if you recommend someone bad, it can be a nightmare for both… The post Recommend Your Contractors Carefully or Your Business Is at Risk appeared first on RISMedia.
Inman
AUGUST 11, 2023
The Valuation Product Suite is geared at modernizing the appraisal process and assisting in compliance with new Fannie Mae and Freddie Mac programs that make it easier to get loans approved without an appraisal.
RIS Media
AUGUST 11, 2023
The price dips many buyers were starting to enjoy could be gone in some regions before they even really got started. That’s according to the latest home-price figures released by the National Association of REALTORS® (NAR). According to the report, almost 60% of metro markets (128 out of 221) registered home-price gains in the second… The post Almost 60% of Metro Areas Posted Q2 Home-Price Gains appeared first on RISMedia.
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
AUGUST 11, 2023
Buyers with doubts need to know they're being heard. A well-oiled process for responding to their objections can help, Bianca D'Alessio and Aaron West said Thursday at Inman Connect Las Vegas.
Eye on Housing
AUGUST 11, 2023
According to the latest Producer Price Index report, the price level of inputs to residential construction less energy (i.e., building materials) edged up 0.2% in July (not seasonally adjusted). Building materials price growth has slowed considerably in 2023 with an average monthly increase of 0.2%–down from 0.7% in 2022 and 1.5% in 2021. Not since prior to the COVID-19 pandemic has.
Inman
AUGUST 11, 2023
The Amazon founder and third-richest person in the world reportedly purchased a three-bedroom property on Indian Creek, a barrier island off Miami.
RIS Media
AUGUST 11, 2023
For the most part, real estate professionals have been able to sit back over the last two years and observe return-to-office controversies in other industries, safe in the knowledge that they will never have these debates. Long before virtual workspaces and permanent home offices were the norm, agents and brokers found their own balance of… The post Zoom Bucks: Why Your Bottom Line Depends on Remote vs.
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
AUGUST 11, 2023
If you come from a place of doing good for your buyer clients and being highly aware of the market context, The Agency founder and CEO Mauricio Umansky writes, the results will unfold.
RIS Media
AUGUST 11, 2023
Though today’s relatively high mortgage rates have made homebuying considerably more expensive than during the height of the pandemic, shopping around for a mortgage and comparing offers from lenders could help borrowers save a significant amount of money, according to a new study by LendingTree. To show how much money those who shop around could… The post Study: Shopping Around for a Mortgage May Save Buyers $84k Over Life of Loan appeared first on RISMedia.
Inman
AUGUST 11, 2023
A decade after Brad Inman asked if homebuying could ever be as easy as purchasing coffee, Clelia Peters, Curt Beardsley and David Voorhees assessed the state of the end-to-end transaction at ICLV.
RIS Media
AUGUST 11, 2023
The pathway to homeownership has always been a challenging one. However, many can agree that recent developments in the housing market over the past several years have made it a fleeting goal for a growing pool of people. Even amid cooling home prices and rent gains, it has become more apparent that the affordability strain… The post Housing Market May be Cooling, But Lowest Earners Are Being Left Out appeared first on RISMedia.
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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
AUGUST 11, 2023
Could Clear Cooperation be the problem when it comes to the years-long inventory shortage? Actually, yes, according to industry analysts.
The Close
AUGUST 11, 2023
It’s hard to remember an Inman conference so thoroughly dominated by one topic. Honestly, in my time at Inman Connect Las Vegas this week, I tried my best to focus on other seemingly existential issues facing the real estate industry. But in almost every session, expo booth pitch, cocktail party chat, and networking event, the conversation invariably turned to the 800-pound gorilla in the room: The dizzying pace of artificial intelligence (AI) innovation, and its seemingly inevitable disruption
Inman
AUGUST 11, 2023
The 6-year-old digital property management firm scooped up the companies in a bid to boost digital payment workflows and aid tenants in credit building, according to an announcement this week.
RIS Media
AUGUST 11, 2023
The process of finding the perfect apartment to rent can be both exciting and daunting. With numerous options available, it is essential to approach the search strategically to ensure you find a place that meets your needs and preferences. We will explore valuable tips for finding the best apartment rentals near you, including the best… The post Tips for Helping Clients Find an Apartment to Rent appeared first on RISMedia.
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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