Thu.May 11, 2023

article thumbnail

4 Learning Resources for Luxury Real Estate Professionals

RIS Media

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.

Sales 98
article thumbnail

Mortgage rates continue recent sideways trend: Freddie Mac 

Housing Wire

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%.

Mortgages 393
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why RE/MAX's CEO isn’t worried about the market (but hates a cluttered inbox)

Real Estate News

President and CEO Nick Bailey — a 30-year industry veteran — takes a long-term perspective on real estate, and he already sees positive shifts.

Marketing 311
article thumbnail

Flueid integrates with Encompass to fuel loan originations

Housing Wire

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.

Loans 382
article thumbnail

3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

article thumbnail

The 'catastrophic' impact of a debt default on housing costs

Real Estate News

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.

Mortgages 294
article thumbnail

The Best Time To Sell Your House Is When Others Aren’t Selling

Keeping Current Matters

If you’re thinking about selling your house, you should know the number of homes for sale right now is low.

Sales 236

More Trending

article thumbnail

NAR votes to raise membership dues in alignment with inflation

Inman

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.

MLS 170
article thumbnail

Mortgage rates inch down, continuing a ‘sideways trend’

Real Estate News

Interest rates dipped slightly to 6.35% this week, and mortgage applications were up — but limited inventory is keeping the market “subdued.

Mortgages 257
article thumbnail

Data storytelling: The key to smarter agent recruitment

Inman

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.

Agents 163
article thumbnail

A tough first quarter for top Canadian brokerage company

Real Estate News

Bridgemarq Real Estate Services reported a net loss of $4.7 million, attributing the drop to the housing market downturn.

Brokerage 225
article thumbnail

Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

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.

article thumbnail

10 killer call-to-action strategies for real estate agents

Inman

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.

Agents 151
article thumbnail

Building Materials Prices Decline in April Despite Increased Lumber Costs

Eye on Housing

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.

article thumbnail

US debt default may mean tanking sales, huge mortgage costs

Inman

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.

Mortgages 150
article thumbnail

THE PLAYBOOK: Retaining Agents by Staying Connected With Them

RIS Media

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.

Agents 111
article thumbnail

Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

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.

article thumbnail

Real estate stocks are suddenly and finally on fire

Inman

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.

Investor 154
article thumbnail

Controversial Fee Changes and FHFA Rescission Stir Up Mortgage Landscape

RIS Media

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.

Mortgages 111
article thumbnail

How to inspire client trust and attract like-minded agent talent

Inman

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.

Agents 146
article thumbnail

The Greens of Algarve | Life in a Global Golfing Destination

Sotheby's International Real Estate

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.

Design 109
article thumbnail

Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

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.

article thumbnail

Airbnb chief calls out CEOs for remote work double standard

Inman

"I guarantee you that many of these CEOs who are calling people back to the office in New York City are going away to the Hamptons for the summer or going to Europe in August," Airbnb CEO Brian Chesky said.

article thumbnail

Mortgage Rates Inch Down

RIS Media

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.

article thumbnail

Engel & Völkers enters nation’s capital with 14th Street shop

Inman

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.

Brokerage 142
article thumbnail

Despite Losses, United Mortgage Keeps Positive Outlook

RIS Media

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.

Mortgages 104
article thumbnail

Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

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.

article thumbnail

Realtor.com parent Move saw traffic and revenue fall in Q1

Inman

Between January and March, Realtor.com had an average of 72 million unique monthly users — down 24 percent compared to one year earlier, according to the company's first-quarter earnings report.

article thumbnail

Foreclosure Activity Declines Slightly in April

RIS Media

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.

Marketing 103
article thumbnail

Fathom Realty narrows losses but agent growth slows in Q1

Inman

With 10,628 agents on board as of March 31, Fathom grew by 258 agents in the first three months of the year but posted a $5.7 million Q1 net loss, according to an earnings call Wednesday.

Agents 139
article thumbnail

HAR Implements Down Payment Resource

RIS Media

The Houston Association of REALTORS® (HAR) has announced it has implemented Down Payment Resource (DPR) to bring Greater Houston area homebuyers’ attention to homebuyer assistance programs in the wake of declining housing affordability. Data indicates that homebuyer assistance programs can be especially impactful in the Greater Houston area, where 89% of listings are eligible for… The post HAR Implements Down Payment Resource appeared first on RISMedia.

article thumbnail

5 Data Proven Ways Agents Can Do 18% More Business

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.

article thumbnail

Find out how this LA agent pulls 80% of his clients from YouTube

Inman

Darren Kriz's journey from amateur YouTuber to real estate superstar demonstrates the power of persistence, consistency and a passion for learning.

Agents 151
article thumbnail

Latest Fed Rate Hike Unnecessary, Says NAR Chief Economist

RIS Media

National Association of REALTORS® (NAR) Chief Economist Lawrence Yun said the Federal Reserve’s most recent rate hike was unnecessary, and he expects the Fed will stop raising interest rates further, during the “Residential Economic Issues & Trends Forum” at NAR’s 2023 REALTORS® Legislative Meetings. Yun discussed recent developments in the U.S. economy and their impact… The post Latest Fed Rate Hike Unnecessary, Says NAR Chief Economist appeared first on RISMedia.

article thumbnail

Coldwell Banker Warburg launches ‘What Moves Her’ chapter

Inman

Establishing a more localized version of the "What Moves Her" campaign will allow Coldwell Banker Warburg to have a more direct impact on female real estate professionals in their community and tailor programming to the community's specific needs, the company exclusively told Inman.

Brokerage 133
article thumbnail

Adfenix Rebrands Itself as RealForce

RIS Media

Real Estate marketing company Adfenix has adopted the new name “RealForce,” the company has announced. The rebrand was spurred by two acquisitions made in the last 18 months: customer data company Quedro, and media management company Brandkeeper over the last 18 months. Accordingly, RealForce’s services will stretch beyond Adfenix’s niche of social media advertising.

article thumbnail

Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

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.