Fri.Sep 08, 2023

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Report: Home envy is reshaping the American dream

Housing Wire

In the digital age, social media has — for better or worse — become an integral part of our lives, influencing how we perceive ourselves and others. For Gen Z Americans, accustomed to constant online connection, this influence extends beyond personal appearance and experiences. For their part, millennials are not only sharing photos and experiences but also comparing their achievements and possessions with their peers.

As-is 448
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Home Price Forecasts Revised for 2023 [INFOGRAPHIC]

Keeping Current Matters

Last year, some housing experts projected a decline in home prices by the end of 2023. But that didn’t happen – inventory was just too low.

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Revive launches AI-powered listing tool for real estate agents

Housing Wire

Revive has released a new tool named “Revive Vision AI” designed to assist real estate professionals in property valuation. This AI-driven tool uses computer vision technology to evaluate the current condition of a property and provide a detailed assessment of its current market value and potential value post-renovation. “Revive Vision AI” aims to provide a more precise value assessment than traditional automated valuation models (AVM) by analyzing property photos.

Agents 446
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Another sign of a market rebound? Home equity is back up

Real Estate News

On average, U.S. homeowners gained nearly $14,000 in equity since the beginning of the year, though equity is down slightly from last year's peak.

Equity 306
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The 2025 Real Estate Roadmap to Success

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.

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Lawyer letter details NAR’s internal harassment investigation

Housing Wire

As Tracey Kasper, the National Association of Realtor’s newly appointed president, put it, the trade group is “grappling with a very difficult situation.” Kasper made the comment during a five-minute-long video message to members and employees posted on Thursday. NAR’s “difficult situation” came into focus in June, when former NAR employee Janelle Brevard filed a lawsuit accusing trade group of racial and sexual discrimination and alleging that NAR president Kenny Parcell harassed female employe

HR 435
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It’s ‘game-on again’ for home search portals, says ex-Zillow CEO

Real Estate News

An ambitious challenge from Homes.com for consumer market share and agent dollars has reignited the portal competition, says former Zillow CEO Spencer Rascoff.

Agents 299

More Trending

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Brokerage Beat: News from The Agency, RE/MAX, EXIT, eXp, E&V

Real Estate News

The Agency drafts former NFL stars, adds to development group; RE/MAX firm acquires large team; EXIT expands in the South; NY team joins eXp; E&V enters Belize.

Brokerage 279
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Wells Fargo launches alliance with AREAA to promote homeownership

Housing Wire

As part of its broader affordable housing initiatives, Wells Fargo will sponsor a homeownership program alongside the Asian Real Estate Association of America. The Wells Fargo-AREAA alliance will focus specifically on sustainable homeownership for first-time homebuyers and low to moderate-income Asian American, Native Hawaiian and Pacific Islander (AANHPI) communities.

Lending 418
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Lawyer’s letter offers glimpse into NAR’s internal harassment probe

Inman

A July letter from Polsinelli, the outside counsel tapped to investigate misconduct at NAR's behest, found evidence of "creepy" and "disrespectful" behavior that, until now, had not been made public.

MLS 206
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Net Promoter System creator joins eXp board

Housing Wire

The board of directors of eXp World Holdings , the parent company of eXp Realty , has appointed Fred Reichheld to the board as an independent member. Reichheld is the creator of the Net Promoter System , which helps rate companies, products and services based on the likelihood they would recommend them to a friend. “For companies that value customer and employee satisfaction and loyalty, as we do, the holy grail is the Net Promoter System,” Glenn Sanford , the founder, CEO and chairman of eXp Wo

Design 418
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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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Rechat, a mobile-first marketing standout emphasizing collaboration, strategy: Tech Review

Inman

Software review of Rechat, a full-featured app for tech-forward brokerages and teams that have a handle on how to capture their market.

Marketing 195
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Agents, level up your real estate game

Housing Wire

Our industry thrives on personal connections. That’s why in-person events are so important. Here are some key takeaways from the BuiltHOW event that I host alongside Ben Kinney, and Chris Suarez. 1. Play chess, not checkers The market is dynamic, and right now it’s shifting into a unique playing field that many of us have not seen in our careers.

Agents 416
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Consumer homebuying sentiment has plateaued at ‘pessimistic’

Inman

Most Americans polled by Fannie Mae last month said they would rather buy than rent, but a record-high 82 percent also said August was a bad time to buy.

Mortgages 195
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How lenders can help lessen home insurance shopping headaches for borrowers

Housing Wire

Getting the home insurance required to close is often more complicated than it needs to be. HousingWire recently spoke with Tom Kriby, vice president of client development and partnerships at Westwood Insurance Agency , about the home insurance shopping process and how lenders can help make it simpler for their borrowers. HousingWire: How are climate-related risks impacting the home insurance shopping process for borrowers?

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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

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.

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Don’t let equity fall through the cracks as ‘we’ rebuild NAR

Inman

Amid massive leadership challenges, trainer and DEI expert Dr. Lee Davenport takes a deeper look at the "we" in NAR's "That's who we R" slogan and what it means to be a Realtor right now.

Equity 193
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Sagent’s Shelli Girard: We can’t predict the future, but we can be ready for it

Housing Wire

The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s 2023 HW Tech Trendsetters are open until, September 22, 2023. Click here to nominate someone from your organization, today. A sluggish housing market can be a blessing in disguise for mortgage lenders as it affords them the opportunity to refine and enhance their technology and operational processes in the midst of unpredi

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New suit alleges Yardi rent-setting software violates antitrust law

Inman

A lawsuit filed by a renter in Seattle accuses the property management software firm and major landlords of violating antitrust statutes through a product used to set rent rates.

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Opinion: Automate title status check info with AI

Housing Wire

If you’re in the real estate industry, you certainly know that the average time from mortgage application to closing has been hovering around 50 days. It’s not a point of pride or badge of honor for any mortgage, title, real estate or valuation firm. If anything, it’s been one of the most stubborn (and most publicized) blemishes on the image of the entire home-buying process.

Title 411
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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

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.

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Dripping in drama, ‘Selling the OC’ returns for Season 2

Inman

Season 1 of the Oppenheim Group's reality TV series ended in fireworks and Season 2 is sure to have more of the same. Plus, a new office in Cabo and a new cast member make their debut.

Brokerage 190
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Freddie Mac CEO Michael DeVito to retire in 2024

Housing Wire

Freddie Mac on Friday announced that Michael DeVito will retire as CEO in the first quarter of 2024 after less than three years in the job. DeVito has communicated his intention to the board of directors, which will begin a search for a successor. “A smooth transition is anticipated,” the company said in a news release. DeVito, a mortgage industry veteran , spent more than 23 years at Wells Fargo , where he served as executive vice president and head of home lending, responsible for all aspects

Lending 400
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Who should I follow on Instagram for real estate posts?

Inman

Every week Sue "Pinky" Benson answers your most pressing Instagram questions. This week, she's helping you find a new real estate account to follow for inspiration.

Agents 187
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Does Your Short-Term Rental Need a Selfie Wall?

Bigger Pockets

A selfie wall can set your STR apart from the competition, increase your revenue, and help put your marketing efforts on autopilot.

Marketing 133
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The Broker Action Plan for the Post-NAR Lawsuit Landscape

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.

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Anywhere settles, NAR stands by its man amid outcry: Inman Top 5

Inman

With Inman Top 5, you'll find the most essential stories of the past week, as chosen by our Inman readers. Catch up with ease.

Agents 183
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Today’s Real Estate Risks: What Are Investors Ignoring?

Bigger Pockets

Rising interest rates shouldn't be the only warning sign on your radar. Investors need to pay close attention to these growing risks.

Investor 132
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Zonda acquires self-touring app in support of new construction portal

Inman

Construction data and technology company Zonda has acquired yet another company, this time UTour, a system for offering self-guided home tours to enhance Livabl, a public-facing search experience for new construction homes which the company launched in April this year.

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How to Work LESS and Earn MORE by Putting “Profit First” in Real Estate

Bigger Pockets

We know what you want: more profit while working less in your real estate business.

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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.

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Divvy stays mum as employees report a new round of layoffs

Inman

At least seven former employees of the rent-to-own company posted on LinkedIn on Thursday that they had been laid off from the rent-to-own company.

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Revive Introduces New AI Tool

RIS Media

Revive has announced its new business tool, “Revive Vision AI,” a pre-sale home renovation solution. This “industry-first” smart tool analyzes property photos (uploaded by the agent) to assess a property’s current value and renovation potential. Revive’s renovation recommendation engine then provides an estimate backed by local contractors that maximize listing values.

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Is Anywhere’s settlement the first domino to fall? The Download

Inman

This week on The Download: Now that Anywhere has settled its portion of the bombshell commission lawsuit, who's next?

MLS 141
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The "Home ATM" Stays Mostly Closed in Q2

Calculated Risk Real Estate

During the housing bubble, many homeowners borrowed heavily against their perceived home equity - jokingly calling it the “Home ATM” - and this contributed to the subsequent housing bust, since so many homeowners had negative equity in their homes when house prices declined. Note: Very few homeowners have negative equity now - unlike during the housing bubble.

Closing 130
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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

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.