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 421
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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 294
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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 420
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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 300
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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.

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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 410
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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 275

More Trending

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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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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 397
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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 190
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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 397
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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.

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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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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 397
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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 187
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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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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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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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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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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 193
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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 125
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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.

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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 184
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Coldwell Banker Around the World: September 2023

Coldwell Banker

Conveniently located between the major, multicultural hub of Toronto and the mid-sized city of Kitchener is a beautiful area of Ontario called Halton Hills. Surrounded by a scenic countryside of farms that yield incredible produce is the community of Georgetown. The post Coldwell Banker Around the World: September 2023 appeared first on Coldwell Banker Blue Matter.

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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 193
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U.S. Senator Cynthia Lummis Urges Real Estate ‘Activism’ at RISMedia CEO & Leadership Exchange

RIS Media

Above, J.B. Goodwin, left, CEO of JBGoodwin REALTORS® and Wyoming Junior Senator Cynthia Lummis at RISMedia’s CEO & Leadership Exchange on Wednesday, Sept. 6. (Photo by AJ Canaria) “You’re not just hearing from a politician, you’re hearing from someone who knows our business, understands it and plays in that game every day.” That was how… The post U.S.

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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.

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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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Navigating Today’s Mortgage Landscape

RIS Media

Liz Bryant moderates a conversation with Chris Clemente (managing broker/owner – vice president at Motto Mortgage Specialists) and Patricia Maguire-Feltch (managing director mortgage banking consumer originations sales executive). In this special insiders’ roundtable, three mortgage leaders discuss the realities of today’s market and share tangible solutions that real estate professionals can use to help their… The post Navigating Today’s Mortgage Landscape appeared first on RI

Mortgages 119
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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 180
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Regional Spotlight: Readjusting From a Market High in Texas

RIS Media

While 2023 is more than halfway over, now is a good time to take stock of the trends that have held through the year—not just among businesses (read some of RISMedia’s Q2 earnings call coverage here), but in locations, too. Location is everything in real estate, of course. We wrote about the statewide Texas market… The post Regional Spotlight: Readjusting From a Market High in Texas appeared first on RISMedia.

Marketing 118
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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.

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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 138
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New NAR President Vows to Rebuild Member Trust Amid Sexual Harassment Controversy

RIS Media

Above, new NAR President Tracy Kasper A groundswell of industry opinion increasingly points to the fact that some serious work needs to be done by the National Association of REALTORSⓇ (NAR) amid recent controversy spurred by scandalous allegations. And it appears that new leaders at the trade group are willing to step up to the… The post New NAR President Vows to Rebuild Member Trust Amid Sexual Harassment Controversy appeared first on RISMedia.

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Seattle-area home prices hold steady as market lags

Seattle Times Real Estate

Higher mortgage rates are slowing demand for homes across the region. But the low number of homes for sale is keeping prices from plummeting further.

Marketing 124
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Why Real Estate Agents Should Ensure Clients Are Preapproved

RIS Media

In the real estate industry, whether you’re a real estate agent or a mortgage lender, the words “preapproval” and “prequalification” should be part of your vocabulary. Unfortunately, many professionals use them interchangeably, although there’s a big difference between the two. Prequalification is a good start, but preapproval is better for purchasing a home.

Agents 108
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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.