Realty Biz
AUGUST 16, 2023
More than 20 years ago, agents at ERA Shields Real Estate in Colorado Springs, CO, participated in a sales training led by Larry Kendall called Ninja Selling. This approach is based on a philosophy of building relationships, listening to your customer, and helping them achieve their goals. At its core is a belief that it is far better to create value for people by solving their problems.
Housing Wire
AUGUST 16, 2023
Mortgage applications fell for the fourth consecutive week as the 30-year fixed-rate mortgage rose to its highest level since 2001, reaching 7.16%. For the week that ended August 11, mortgage applications fell 0.8% from the prior week , according to data from the Mortgage Bankers Association. Last week, treasury yields and mortgage rates remained elevated following the release of a strong CPI report in July.
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Real Estate News
AUGUST 16, 2023
A judge has ruled an antitrust claim was without merit, a key component in a federal case involving how portals display non-MLS real estate listings.
Housing Wire
AUGUST 16, 2023
Have homebuilders reached their limit on how much they can lower mortgage rates to boost demand? Today we got the housing starts data , which was a beat of estimates, but total housing activity isn’t booming here. I firmly believe that the builders can’t solve the housing inventory situation when it comes to single-family units because they will simply not provide enough.
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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.
Real Estate News
AUGUST 16, 2023
CRMLS and other organizations are offering temporary access and support to agents affected by the Rapattoni shutdown, now in its second week.
Housing Wire
AUGUST 16, 2023
The biggest nonbank mortgage lenders in America saw improved performance in both origination and servicing segments in the second quarter, capitalizing on the continued mortgage pullback from banks. As we’ve reported, that trend looks sticky, which could help change the fortunes of top independent mortgage banks sooner than expected. In this week’s edition of DataDigest, we look at the landscape for top mortgage lenders, their strategies and when the real opportunities might begin.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
AUGUST 16, 2023
HousingWire recently spoke with Mike Darne, vice president of marketing at CreditXpert , about industry performance in the first half of 2023 and how lenders can work with borrowers to improve their credit. HousingWire: 2023 has been rough for mortgage lending with mortgage applications down around 60%, what is CreditXpert seeing from a demand side when it comes to credit inquiries?
Real Estate News
AUGUST 16, 2023
After seven consecutive months of improving confidence, homebuilders were feeling less optimistic in August.
Housing Wire
AUGUST 16, 2023
A ban on residential building permits in parts of the Phoenix area is angering builders and agents , who feel it may curb the supply of affordable housing. “Our main concern on the implication of the model that was released is housing affordability,” Spencer Kamps, the vice president of legislative affairs at the Home Builders Association of Central Arizona (HBACA), which serves homebuilders in Maricopa County, said.
Inman
AUGUST 16, 2023
Housing starts increased 3.9 percent between June and July to a seasonally adjusted annual rate of 1.45 million units, according to data released Tuesday by the U.S. Census Bureau.
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.
Housing Wire
AUGUST 16, 2023
Monterey Bay Properties is joining Compass , a move that will allow the brokerage giant to expand its Northern California operations, the company announced Wednesday. Founded in 1980, Santa Cruz-based Monterey Bay Properties includes around 40 agents. For Compass, the merger brings its total number of real estate professionals in the Lake Tahoe, Wine Country, East Bay, San Francisco, Silicon Valley and the Monterey Peninsula areas to more than 5,000.
Inman
AUGUST 16, 2023
If it’s been a while since you’ve been to a real estate conference, broker Troy Palmquist says it’s time you start making travel plans.
Housing Wire
AUGUST 16, 2023
Congratulations! You’ve decided to share your expertise with other real estate professionals and become a coach and trainer. You may think that the greatest challenge is to create the content — but that’s just the beginning. In reality, you also need to decide where your content is going to live so that it will be seen by people interested in not only what you have to say, but who also want to learn more.
Inman
AUGUST 16, 2023
Last week at Connect, Brad Inman dropped the biggest bombshell of the conference when he told a rapt audience about a text message he'd received involving The New York Times, Bernice Ross writes.
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Housing Wire
AUGUST 16, 2023
A week after announcing a pivot in its business strategy , publicly traded title insurance firm Doma announced the sale of its retail operations in Florida on Tuesday. Doma’s Florida operation was purchased by Near North Title Group for an undisclosed sum. Near North Title Group purchased Doma’s Midwest locations in July. After this second deal, Near North has added a total of 130 employees and 39 offices to its roster.
Inman
AUGUST 16, 2023
"I'm happy. Screw 'em," the Keller Williams co-founder told agents Tuesday at his Mega Agent Camp event, referring to antitrust suits involving commissions in which the brokerage is named.
Housing Wire
AUGUST 16, 2023
Housing starts picked up significantly in July to a seasonally adjusted annual rate of 1.452 million, according to the U.S. Census Bureau. That was up 3.9% from June and up 5.9% from a year ago. Meanwhile, permits for future construction eked a 0.1% gain from June but were 13% lower from a year ago. The increase in housing starts came after an unexpected slump last month and beat expectations.
Inman
AUGUST 16, 2023
Trainer and sales counselor Rachael Hite shares her takeaways from ICLV.
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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.
Housing Wire
AUGUST 16, 2023
The Community Home Lenders of America (CHLA) this week submitted a letter to the Federal Housing Finance Agency (FHFA) in response to a recent request for input (FRI) on GSE single-family pricing framework. Its message? The trade group asked the regulator to “make no further changes for an extended period of time.” The original RFI published in May was designed to gather public feedback on goals and policy priorities the agency should pursue in its oversight of the pricing framework.
Inman
AUGUST 16, 2023
The case is currently set for trial on Sept. 18, but the National Association of Realtors is no longer a defendant, according to a court order. Some claims against Zillow remain.
Bigger Pockets
AUGUST 16, 2023
With 1.6 million Realtors but only 650,000 homes on the market, you might wonder how agents could possibly succeed, and that's precisely the dilemma.
Inman
AUGUST 16, 2023
Even after adjusting for seasonal factors, applications for purchase loans fell for the fifth-straight week as mixed inflation data raised doubts that Fed will ease, pushing mortgage rates to new highs.
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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.
Brownstoner
AUGUST 16, 2023
It looks likely the St. Lucy-St. Patrick’s Roman Catholic Church on Willoughby Avenue in Bed Stuy will be demolished for a new residential development. The Gothic Revival church, which has dominated the block since 1856, will be the latest in a string of historic religious buildings on the stretch to… Read More > The post Pre-Civil War Gothic Church Faces Wrecking Ball to Make Way for Apartments in Bed Stuy appeared first on Brownstoner.
Inman
AUGUST 16, 2023
My months-long debate with self-proclaimed, door-knocking champion Ernesto Vargas culminated at ICLV in “The great door-knocking debate.” Here are our top five takeaways.
RIS Media
AUGUST 16, 2023
It’s a tale as old as time. The FSBO who plans to forgo the traditional real estate process until a few weeks (or months) of watching neighbors sell and field lowball offers brings them back to the agent—and to the MLS. While real estate professionals will argue all day for the benefit of using an… The post On-MLS Sales Fetch $50k Premiums: Study appeared first on RISMedia.
Inman
AUGUST 16, 2023
Your mindset can be a game-changer or a deal-breaker, coaches Melanie Klein and Emily Bossert write. Here's how to put a positive, growth-oriented mindset to work for your business.
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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.
Maximum Exposure Real Estate
AUGUST 16, 2023
A mortgage pre-approval is a crucial step in the home-buying process. It states on the letter how long the pre-approval is valid, typically around 90 days. During the pre-approval, lenders review financial information, such as credit score, income, and debt-to-income ratio, to determine the loan amount they are willing to lend. Understanding the duration of […] The post How Long is a Pre-approval For a Mortgage Good For?
Inman
AUGUST 16, 2023
The partnership will allow RE/MAX real estate agents full access to digital floor plans created by CubiCasa now that the company is an "Approved Supplier" on the brokerage's online Marketplace.
Brownstoner
AUGUST 16, 2023
While not a grand brownstone, this bow-front Renaissance Revival row house appears well maintained with numerous attractive original details and a relatively modest price. Built as a two-family in the early 20th century, it retains some period features like wall moldings, picture rails, and stained glass while leaving some room… Read More > The post Crown Heights Two-Family Row House With Pier Mirror, Wall Moldings Asks $1.25 Million appeared first on Brownstoner.
Inman
AUGUST 16, 2023
Think it's time to fire that client or switch brokerages? Tell us how you know when you're ready to move on from a bad professional fit.
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