Toronto Realty Blog
MAY 25, 2023
TorontoRealtyBlog A client and loyal blog reader asked me this week, “What are your biggest pet peeves about the industry?” I smiled and said, “We’re only seeing one house. We’d need an entire Saturday tour to provide me the time to answer that question…” I can’t possibly imagine compiling a list of all of my pet peeves.
Keeping Current Matters
MAY 25, 2023
If you’re trying to decide if now’s the time to sell your house, here’s what you should know.
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Housing Wire
MAY 25, 2023
Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/ Riskspan Reverse Mortgage Market Index. These homeowners are seeking different retirement solutions to help allocate their home equity and make it more durable over the next 20 to 30 years. According to data from Statista , there were roughly 5.95 million homes bought and sold in the U.S. last year.
Real Estate News
MAY 25, 2023
NAR was unsuccessful in its attempt to overturn the class action status of the $13 billion Moehrl suit.
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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.
Housing Wire
MAY 25, 2023
Texas-based Colonial Savings, F.A. has decided to exit the origination business amid one of the most challenging cycles in decades, provoked by the Federal Reserve ‘s tightening monetary policy and a banking crisis. The company will focus on full-servicing banking and mortgage servicing businesses, it announced on Thursday. The origination activity will cease effective July 31, 2023, but all outstanding mortgage loans will continue to be serviced in accordance with the terms and condit
Real Estate News
MAY 25, 2023
The value prop of MLSs as data aggregation organizations could be industry-changing. But like in "Moneyball," they'll need to play the game differently.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
MAY 25, 2023
Low inventory combined with a lack of affordability continues to stifle spring sales nationally, though numbers were up in some regions.
Housing Wire
MAY 25, 2023
These days I start every conversation with, “Yes, I have used ChatGPT ,” just to get that out of the way for the sake of efficiency. The speed of discourse about Generative AI in all aspects of life from personal to business topics has been astounding. And while the use cases for generative AI as a consumer, such as internet searching, customer service and random poem writing for hours (who, me?
Real Estate News
MAY 25, 2023
The 30-year fixed-rate mortgage rose to 6.57%, according to Freddie Mac’s weekly survey, while a daily survey put rates above 7%.
Housing Wire
MAY 25, 2023
The Community Home Lenders of America (CHLA) sent a letter on Thursday to the Consumer Financial Protection Bureau (CFPB) that urges the agency to adopt and implement a series of rules to protect homebuyers from so-called “dual compensation” arrangements during the homebuying process. Dual compensation refers to an instance in which a single individual or entity is in control of both brokerage and loan origination functions and are compensated for real estate transactions in which they represent
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.
Inman
MAY 25, 2023
A federal appeals court on Wednesday denied a request from NAR, Anywhere, Keller Williams, RE/MAX and HomeServices of America to overturn class certification in the Moehrl lawsuit.
Housing Wire
MAY 25, 2023
SoftPro , the nation’s top provider of title , closing, and escrow software, announced on Thursday that it has launched ClosingsLIVE, a cutting-edge communication portal for real estate settlements. The platform grants authorized parties secure access to order status, documents, and milestones, catering to the demands of clients and all transaction participants. “ClosingsLIVE is a gamechanger app for SoftPro customers and the clients they serve,” Patrick Hempen , SoftPro’
Inman
MAY 25, 2023
Watch the new Inman Access classes to better understand how to shift your mindset for business growth and discover the keys to inspire agent success and productivity in today's market.
Housing Wire
MAY 25, 2023
The Federal Housing Finance Agency (FHFA) Office of the Inspector General (OIG) released on Thursday its 25th semi-annual report to Congress , which compiles information about the work the office has done to ensure the agency’s actions align with its mandated mission and highlights results in its investigative reports, including indictments, arrests and criminal fines including restitution and civil forfeiture.
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In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.
Inman
MAY 25, 2023
The portal's co-founder and former CEO also said that Zillow's impact includes creating tens of thousands of new "super agents.
Bigger Pockets
MAY 25, 2023
Real estate professionals use the 1% rule to determine whether a property is a good investment.
Inman
MAY 25, 2023
Davis's attempt to overturn a ruling sending the case to arbitration failed after a three-judge panel granted a motion to dismiss filed by Keller, Keller Williams and former KW President Josh Team.
RIS Media
MAY 25, 2023
The tug of war between ongoing inventory challenges in the existing-home market and homebuyer interest hasn’t let up. According to the latest data from the National Association of REALTORS® (NAR), pending home sales remained subdued in April amid persistent strains on consumers. NAR’s Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based… The post Pending Home Sales Remain Unchanged Since March Dip appeared first on RISMedia.
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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.
Inman
MAY 25, 2023
Although buyers provide a payday, listings give you the opportunity to grow your business and raise your profile in the local market. Jimmy Burgess and Curaytor's Jimmy Mackin discuss a strategy for maximizing the value potential of your next listing.
HomeLight
MAY 25, 2023
You’ve been searching online and found a few homes that meet your criteria of three bedrooms and two bathrooms. But as you read the listing descriptions that indicate one house is on 0.23 acres and another has a lot size of 8,730 square feet, you’re baffled by what these numbers actually represent. Your digital assistant tells you that an acre is the same as 43,650 square feet , but you’re still perplexed as you compare listings and try to visualize yard size, RV space, or the proximity of adjac
Inman
MAY 25, 2023
A well-designed email with meaningful content helps to build your brand while you generate and nurture leads, writes broker Eric Bramlett. It's an incredibly effective, efficient and affordable way to reach your SOI and local market.
Sotheby's International Real Estate
MAY 25, 2023
Canning Properties Group – Sotheby’s International Realty – Carmel Brokerage Perhaps the purest expression of strength, freedom, and beauty is a horse galloping across an open pasture. This could be why so many make equestrian homes such a high aspiration: these properties embody grace, grandeur, and leisure—all the same attributes as horses themselves.
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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.
Inman
MAY 25, 2023
Stay, go or go back? When you’re not content with your real estate brokerage, it can be tough to make the choice. Here, The Agency’s Farah Levi gives guidance on things to consider before making a major move.
HomeLight
MAY 25, 2023
Most real estate agents in Maryland get paid through commissions. Commissions are typically calculated as a percentage of a property’s sale price, though some brokerages will charge a flat fee. The average agent commission rate nationwide is 5.8% of the home sale price, according to HomeLight’s real estate transaction data of thousands of home sales each year.
Inman
MAY 25, 2023
NAR numbers show that, while most regions of the country saw month-over-month gains, pending home sales in the Northeast pulled down the national average.
RIS Media
MAY 25, 2023
The choices of the Federal Reserve over the last year or two—and particularly in the last month—have been deeply scrutinized. After years of low rates and relatively loose monetary policy, the central bank was quick to slash rates to zero and unleash quantitative easing as the pandemic ravaged economies around the world. But starting in… The post Fed Divided, Awaiting Data Before Rate-Hike Decision appeared first on RISMedia.
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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
MAY 25, 2023
Being the leader of a real estate agency requires a deep commitment to supporting your agents in every way possible to ensure their success and well-being, writes Seattle broker Adriano Tori.
HomeLight
MAY 25, 2023
Most real estate agents in Nevada get paid through commissions. Commissions are typically calculated as a percentage of a property’s sale price, though some brokerages will charge a flat fee. The average agent commission rate nationwide is 5.8% of the home sale price, according to HomeLight’s real estate transaction data of thousands of home sales each year.
Inman
MAY 25, 2023
Being named to Entrepreneur magazine's 2023 Franchise 500 list puts some wind in the sails of the company's long-term goals.
HomeLight
MAY 25, 2023
Most real estate agents in Minnesota get paid through commissions. Commissions are typically calculated as a percentage of a property’s sale price, though some brokerages will charge a flat fee. The average agent commission rate nationwide is 5.8% of the home sale price, according to HomeLight’s real estate transaction data of thousands of home sales each year.
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