RIS Media
MAY 11, 2023
After a sharp decline in luxury home sales during the peak of COVID-19 pandemic, the luxury real estate market is back in full swing. In fact, compared to 2021, luxury single-family homes are flying off the market an average of 27 days faster—and overall sales of luxury properties increased by a whopping 41.6% in 2022.… The post 4 Learning Resources for Luxury Real Estate Professionals appeared first on RISMedia.
Housing Wire
MAY 11, 2023
This week’s mortgage rates declined slightly, continuing a recent “sideways trend” at the low 6% mark. Rates reflected a moderation in inflation and the banking crisis, and the consequent expectation that the Federal Reserve ( Fed ) is done hiking the federal funds rate. Per Freddie Mac ‘s Primary Mortgage Market Survey, the 30-year fixed-rate mortgage averaged 6.35% as of May 11, down four basis points from last week’s 6.39%.
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Real Estate News
MAY 11, 2023
President and CEO Nick Bailey — a 30-year industry veteran — takes a long-term perspective on real estate, and he already sees positive shifts.
Housing Wire
MAY 11, 2023
Flueid , a leading technology company specializing in real estate transactions, announced on Thursday the integration of its patented Flueid Decision platform with Encompass by ICE Mortgage Technology. This integration allows lenders to access Flueid’s title data and insights during the loan application process, resulting in time savings and a simplified consumer experience.
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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
MAY 11, 2023
The U.S. has never defaulted on its debt, but without government action, it could happen by June 1 — leading to a surge in mortgage rates and monthly costs.
Keeping Current Matters
MAY 11, 2023
If you’re thinking about selling your house, you should know the number of homes for sale right now is low.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Inman
MAY 11, 2023
The National Association of Realtors voted Thursday to tie annual membership dues to the Consumer Price Index. Its board separately voted to increase annual dues by 4 percent to $156 next year.
Real Estate News
MAY 11, 2023
Interest rates dipped slightly to 6.35% this week, and mortgage applications were up — but limited inventory is keeping the market “subdued.
Inman
MAY 11, 2023
Rather than focusing on numbers and statistics, data storytelling allows you to translate numbers into insights that are more easily understood and can be integrated into better decision-making.
Real Estate News
MAY 11, 2023
Bridgemarq Real Estate Services reported a net loss of $4.7 million, attributing the drop to the housing market downturn.
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 11, 2023
The real estate market is constantly evolving, and as we look ahead to the coming years, the Hispanic population is poised to play a major role in the industry.
Eye on Housing
MAY 11, 2023
According to the latest Producer Price Index report, the prices of inputs to residential construction less energy (i.e., building materials) decreased 0.2% in April 2023 (not seasonally adjusted). The index has gained 0.5%, year-to-date, which is the smallest April YTD increase since it climbed 0.3% over the first four months of 2020. The PPI for goods inputs to residential construction, including.
Inman
MAY 11, 2023
The key to successful marketing lies in striking the right balance between cutting costs and investing in growth.
RIS Media
MAY 11, 2023
Editor’s Note: The Playbook is an RISMedia biweekly segment centering on what brokers and agents are doing to ensure they not only survive but thrive in these challenging times. Industry professionals explain the strategies they’re employing and unique ideas they’ve formulated. Tune in every other Thursday for another addition to the series. If you’re a… The post THE PLAYBOOK: Retaining Agents by Staying Connected With Them appeared first on RISMedia.
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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 11, 2023
Find out how this former TV news anchor made a gradual pivot into real estate and built an award-winning North Carolina brokerage.
RIS Media
MAY 11, 2023
How much buzz can a four-month-old announcement create? If it impacts the affordability of homeownership one way or the other: plenty. That was the case over the past couple of days as the Federal Housing Finance Agency (FHFA) has evoked mixed emotions surrounding future and recent changes to the pricing framework of Fannie Mae and… The post Controversial Fee Changes and FHFA Rescission Stir Up Mortgage Landscape appeared first on RISMedia.
Inman
MAY 11, 2023
Redfin, Opendoor and Compass have all seen their share prices rally in recent days — suggesting that after years of the cold shoulder investors are warming to the sector.
RIS Media
MAY 11, 2023
“We can’t anticipate every single twist and turn that the market will take in 2023, which underscores the importance of investing in ‘bigger picture’ goals that are market-agnostic.” This was Anywhere Brands President & CEO Sue Yannaccone’s sage advice in an interview with RISMedia this past March. And in the two short months since then,… The post Sue Yannaccone to Keynote RISMedia CEO & Leadership Exchange 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 11, 2023
Darren Kriz's journey from amateur YouTuber to real estate superstar demonstrates the power of persistence, consistency and a passion for learning.
RIS Media
MAY 11, 2023
The 30-year fixed-rate mortgage (FRM) averaged 6.35%, this week, down just a hair from 6.39% last week, according to the latest Primary Mortgage Market Survey (PMMS) from Freddie Mac released Thursday. This week’s numbers: 30-year fixed-rate mortgage averaged 6.35% as of May 11, 2023, down from last week when it averaged 6.39%. A year ago… The post Mortgage Rates Inch Down appeared first on RISMedia.
Inman
MAY 11, 2023
A well-crafted CTA can make the difference between a lead and a sale, so put the time and effort into creating a powerful one that drives action and achieves your desired outcomes.
Lighter Side of Real Estate
MAY 11, 2023
Unless you’re a real estate agent, you probably don’t think about home appraisals more than a few times in your life. (Considering how much time real estate agents spend worrying about them, you’re probably better off!) But when you buy a house, chances are a third-party appraiser will need to inspect the house and analyze whether you’re paying an appropriate amount for it.
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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 11, 2023
A debt default by the U.S. government is unlikely, but if it were to transpire, the cost of a mortgage could increase by 22 percent, pushing rates to a peak above 8 percent in September, according to Zillow.
Sotheby's International Real Estate
MAY 11, 2023
Virgolino Gomes – Portugal Sotheby’s International Realty The Algarve region in Portugal is one of the world’s premier golfing destinations, with 33 highly-ranked courses that cater to all types of golfers and offer a wide variety of amenities. With most of the courses designed by renowned pros, golfers in this region can enjoy a stunning horizon with views of the Atlantic Ocean just beyond the green.
Inman
MAY 11, 2023
In the second part of his two-part series, Chase Williams looks at the actionable steps you can take to make an impact on your retention.
RIS Media
MAY 11, 2023
In line with housing market challenges and persistently high mortgage rates, United Wholesale Mortgage (UWM) reported a net loss of $138.6 million in Q1 2023. Despite this, executives still have a positive outlook on the quarter and for the rest of the year. “The results of the first quarter again demonstrate that UWM will do… The post Despite Losses, United Mortgage Keeps Positive Outlook 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 11, 2023
Industry leaders Anthony Lamacchia and Dana Cadena share their expertise and tactical strategies on how to grow your business, obtain more listing opportunities and attract top talent.
RIS Media
MAY 11, 2023
A total of 32,977 properties have foreclosure filings, down 10% from a month ago but up 8% from a year ago, according to a new report from ATTOM. ATTOM’s U.S. Foreclosure Market Report for April found that nationwide, one in every 4,234 housing units had a foreclosure filing. States with the highest foreclosure rates were… The post Foreclosure Activity Declines Slightly in April appeared first on RISMedia.
Inman
MAY 11, 2023
The new office, led by License Partners Rick Foster, Tom Spier, Phil Di Ruggiero and Travis Gray, will service neighborhoods in D.C. as well as Montgomery and Prince George's counties in Maryland; and Arlington, Alexandria and Fairfax Counties in Virginia.
Bigger Pockets
MAY 11, 2023
Homebuyers are gearing up for a hot summer housing market as demand starts to surge.
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BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.
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