Housing Wire
APRIL 14, 2023
This article is part of our 2023 Housing Market Forecast series. After the series wraps, join us on May 30th for the HW+ Virtual 2023 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business.
Real Estate News
APRIL 14, 2023
A new report identified areas with the biggest increases and decreases in days on market. Agents in Erie, Charleston and Chico share their insights.
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Housing Wire
APRIL 14, 2023
Wells Fargo has finalized the sale of a $50 billion block of mortgage-servicing rights (MSR), a deal that is expected to close later this year, according to bank officials. One expert in the MSR sector, who asked not to be named, said the bidding for the offering appears to have closed in late February or early March. “They [Wells Fargo] may have other deals in the market too,” the expert added, “but I’m not as familiar with that since they have been very selective about who these deals ge
Keeping Current Matters
APRIL 14, 2023
The inspection is a major part of the home selling process. Many buyers used to waive inspections to be more competitive with their offer, but recently, inspections and repairs are becoming popular again.
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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
APRIL 14, 2023
Who decides what our neighborhoods look like? And who profits from these projects? The answer is a combination of real estate developers, brokers, investors, agents and property owners — the overwhelming majority of whom are white. For generations, real estate ownership in the U.S. by people of color was either impossible or severely restricted. And these legacies of racism persist.
Real Estate News
APRIL 14, 2023
Instagram-favorite Upstate Curious moves to Compass, eXp lands 129-member Kevo Properties team, Giles Group joins Elliman, Compass teams form partnership.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Inman
APRIL 14, 2023
As AI generative applications like ChatGPT become integrated with operations and systems across real estate firms, these tools will help scale bespoke services to clients and prospects in a way that will empower brokers to offer value in an ongoing way versus just helping in the transaction.
Housing Wire
APRIL 14, 2023
Nearly 12 months have passed since Fannie Mae first announced it would in limited circumstances be accepting attorney opinion letters in lieu of title insurance. While there has been much discussion over the pros and cons of title insurance and AOLs, what has remained unclear for most of the past year is just how prevalent AOL usage is becoming. According to Fannie Mae’s 2022 Equitable Housing Plan Performance report , released earlier this month, the government sponsored entity received its fir
Inman
APRIL 14, 2023
Check out who is speaking this year at Inman Connect Las Vegas! Join us Aug. 8-10 for a power-packed line-up of distinguished speakers.
Housing Wire
APRIL 14, 2023
Homeownership remains at the core of the American Dream. After all, it improves financial security, enhances family and community stability, and builds intergenerational wealth. The Federal Reserve ’s 2019 Survey of Consumer Finances found that the median net worth of a homeowner is approximately $255,000 — more than 40 times that of a renter. First-time homebuyers are the driving force of the housing market and typically utilize low down payment mortgages to achieve homeownership.
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
APRIL 14, 2023
In her first public interview since taking the helm from M. Ryan Gorman in March, Kamini Lane expressed her passion for creating diverse role models in real estate at both the executive and the agent level to shape a more inclusive industry.
Housing Wire
APRIL 14, 2023
Wells Fargo and JP Morgan Chase , the country’s top depository lenders, saw mortgage production volume further decline in the first three months of 2023, signaling another tough quarter for the mortgage industry. Wells Fargo, the fourth-largest U.S. mortgage lender by volume, originated $6.6 billion in mortgages in the first quarter of 2023, which was down 55% quarter over quarter and 83% compared to $37.9 billion in Q1 2022.
Inman
APRIL 14, 2023
Fathom Holdings will pay at least 8 percent interest on a convertible note company executives say will provide more flexibility as they seek "cash flow profitability" by Q3.
Sotheby's International Real Estate
APRIL 14, 2023
Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Wilson, Wyoming | Jackson Hole Sotheby’s International Realty Located on prime fishing land, this 11,532-square-foot log residence sits on 53.64 acres. Historic Georgia Home That’s Hosted Presidents and Celebrities Coming to the Market – Mansion Global Don’t miss this showstopper with arena, incredible house and jaw-dropping views – Horse & Hound Peak Real Estate: This Tiny Wyomi
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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
APRIL 14, 2023
The median rent in Manhattan climbed to a new high of an astounding $4,175 per month, according to Douglas Elliman and Miller Samuel's March 2023 New York City rental report.
Eye on Housing
APRIL 14, 2023
Over the first two months of 2023, the total number of single-family permits issued year-to-date (YTD) nationwide reached 112,131. On a year-over-year (YoY) basis, this is 34.3% below the February 2022 level of 170,716. Year-to-date ending in February, single-family permits declined in all four regions. The Northeast posted a decline of 23.6%, while the West region reported the steepest decline.
Inman
APRIL 14, 2023
A release date has not yet been announced, but Mauricio Umansky said this week on "Good Morning America" that "Buying Beverly Hills" got the green light to return for another season.
RIS Media
APRIL 14, 2023
History tells us that resistance to technological progress is strongest from people who will be displaced by it. In simple terms, ChatGPT is an AI language model/chatbot designed to generate human-like text responses to a wide range of questions and prompts. The chatbot engine culls vast amounts of data from the internet, including books, articles… The post The ChatGPT Onslaught: Should Real Estate Professionals Fear It or Embrace It?
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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
APRIL 14, 2023
The Download is a weekly review of one essential story from the week's Top 5, along with articles designed to provide the perspective and context you need.
RIS Media
APRIL 14, 2023
It has become a cliche, but calling the last few decades a “revolution” in the industry still feels accurate. While the basics of buying and selling homes has remained unchanged, tech and digitalization created a whole new frontier to explore, as housing data fueled new innovations and brought huge amounts of capital into real estate.… The post MLSs Taking First Steps to Reclaim Data Power appeared first on RISMedia.
Inman
APRIL 14, 2023
The median asking rent in the U.S. fell to its lowest point in 13 months in March as the ongoing real estate slowdown continues hitting the rental market, according to a new report.
GeekEstate Agents & Brokers
APRIL 14, 2023
[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: Courted] An AI-powered Brokerage Talent Solutions, Courted is bringing connected professional networking and workflow to help make data-driven marketing, hiring, and referral decisions. Their predictive analytics help customers maintain high retention rates by proactively identifying agents that are up and coming or likely to leave.
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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
APRIL 14, 2023
More homebuyers are looking at properties on Zillow in Northeast Dallas than in any other neighborhood, garnering an average of 36,113 daily views, according to a new report.
RIS Media
APRIL 14, 2023
Although the real estate market is shifting seemingly every day one thing remains constant — there are always people who will want to buy or sell a home. For both the buyer and seller, a transaction is a time filled with many emotions. Now, with the fluctuating market, it can be even more so. Some… The post Five Ways to Close a Real Estate Deal appeared first on RISMedia.
Inman
APRIL 14, 2023
Today’s Download starts by focusing on our latest Inman Handbook, all about artificial intelligence. Then we’re pulling the best of our recent coverage surrounding the promised potential that’s offered by next-gen AI-based platforms.
RIS Media
APRIL 14, 2023
Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. -A spring thaw in mortgage rates is leveling off, as the average 30-year fixed stayed roughly flat at 6.27% this week, according to Freddie Mac, with all eyes still on the Fed. -Lenders spilled a… The post Mortgage Mix: Lenders Count Losses; United Hiring Again 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
APRIL 14, 2023
Crow Holdings chair Harlan Crow, already under scrutiny for his role as a benefactor to the U.S. Supreme Court Justice, reportedly bought three properties from Thomas, including one where his mother still lives.
HomeLight
APRIL 14, 2023
Editor’s note: This post will help answer the question: How much are closing costs in Georgia (GA)? The example costs provided are based on median home prices and typical fees. Your closing costs may differ depending on your circumstances and the terms of your home purchase. When it comes to closing costs, the Peach State is one of the friendlier parts of the U.S. to purchase a home in.
Inman
APRIL 14, 2023
Wondering what you missed this week? Find out with Inman's Top 5 most-read stories of the week.
HomeLight
APRIL 14, 2023
Your California dream home has just come on the market, and you’re eager to make an offer. But even though the monthly mortgage payments fit into your budget, you’re concerned about coming up with enough cash for a myriad of closing costs in addition to the down payment. In this post, we’ve researched the expenses related to buying a home in California and gathered expert insights to help you understand just how much closing costs will set you back before you make the biggest purchase of your li
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