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
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?
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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
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.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
AUGUST 16, 2023
After seven consecutive months of improving confidence, homebuilders were feeling less optimistic in August.
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.
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
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.
Advertiser: Trellis
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.
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
"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.
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
Residents in Florida and Texas would rather live in states with abortion care and LGBTQ rights, but affordability worries force them to stay in their current states, according to a new Redfin survey.
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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.
RIS Media
AUGUST 16, 2023
After a surprising decline in housing starts that perplexed pundits earlier in the summer, new construction ticked up last month, according to the latest new residential construction data from the U.S. Census Bureau. Total housing starts enjoyed a 3.9% boost in July, climbing to a seasonally adjusted annual rate of 1,452,000 from June’s 1,398,000. Buoyed… The post New Construction Rebounds With 3.9% Jump in July appeared first on RISMedia.
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.
RIS Media
AUGUST 16, 2023
Mortgage applications were down 0.8% this week, down from last week’s dip of 3.1% and the fourth consecutive week of decreases, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending August 11, 2023. This week’s numbers: The Market Composite Index, a measure of mortgage loan application… The post Mortgage Applications Experience Fourth Straight Week of Decreases appeared first on RISMedia.
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.
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.
BubbleInfo
AUGUST 16, 2023
From Leonard Steinberg at Compass: If you thought the $7 trillion Covid-linked stimulus was big, think again. It is pittance compared to the biggest stimulus that has started and will continue for the next 2 decades amounting to over $80 trillion!
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.
RIS Media
AUGUST 16, 2023
On May 4, 2023, UC Berkeley’s Terner Center for Housing Innovation published the research paper titled, “The First Step Is The Hardest: California’s Sliding Homeownership Ladder.” The paper tracks how homeownership rates have changed within the state. However, the intent was to specifically track affordability challenges. Co-author Issi Romem said: “The problem is when people… The post New Research Paper Tracks Homeownership Rates in California appeared first on RISMedia.
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.
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.
RIS Media
AUGUST 16, 2023
Realty ONE Group has announced the company has sold the franchise rights in Belize. Belize will be the 17th country the brand operates in and is its fifth expansion of this type in 2023. Sergio E. Gonzalez, who also purchased the franchise rights to Costa Rica just two years ago and is the regional owner… The post Realty ONE Group Expands in Central America appeared first on RISMedia.
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
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.
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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.
Brownstoner
AUGUST 16, 2023
In the News A Private Equity Firm Might Be Your Next Landlord [NYT] How Brooklyn Public Library Cards Became the Jay-Z Merch of the Moment [NYT] One Dead in ‘Suspicious’ Brownsville Apartment Building Fire [NYP] Bed Stuy Cafe Faces Boycott Over Allegations of Labor Injustice [BK Reader] Concertgoers Demand Changes at Brooklyn Mirage After Deaths… Read More > The post Daily Links: Developer Plans 17-Story Tower Near Botanic Garden in Crown Heights appeared first on Brownstoner.
Inman
AUGUST 16, 2023
The biggest publicly traded brokerages and tech companies significantly slashed losses in the second quarter, restoring investor confidence, according to an exclusive Intel analysis of Q2 earnings data.
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
Among the publicly traded real estate enterprises to release second-quarter earnings reports this month, two companies stood out for John Campbell, a managing director at analytics firm Stephens.
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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