Thu.Mar 16, 2023

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Anywhere CEO sees opportunities, advantages of scale

Real Estate News

Ryan Schneider, leader of one of the largest real estate enterprises, believes the company will benefit from continued investments, even in a downturn.

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Big banks to rescue First Republic with $30B in deposits 

Housing Wire

A group of 11 U.S. banks has agreed to make $30 billion in deposits at First Republic Bank to avoid another regional bank failure. The rescue comes after Silvergate Bank , Silicon Valley Bank and Signature Bank collapsed amid a liquidity crisis caused by a deposit run. “Today, 11 banks announced $30 billion in deposits into First Republic Bank.

Banks 432
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Real posts net loss for 2022 but sees a turnaround coming

Real Estate News

Despite a challenging real estate market, CEO Tamir Poleg expects the company’s EBITDA to turn positive in the second half of 2023.

Marketing 248
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The mortgage industry doesn’t want the DTI LLPA fee delayed. They want it killed

Housing Wire

The Federal Housing Finance Agency ’s (FHFA’s) decision to delay implementing the controversial upfront fee on Fannie Mae and Freddie Mac borrowers with higher debt-to-income (DTI) ratios gave mortgage lenders a breather. The agency postponed the implementation of the fee to August 1, and it also said lenders will not be subject to post-purchase price adjustments on any loans acquired Fannie Mae and Freddie Mac this year.

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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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After a topsy-turvy week, mortgage rates drop

Real Estate News

In the wake of turbulence in the banking sector, the 30-year fixed-rate mortgage fell to 6.6%, down from 6.73% a week ago.

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Mortgage rates declined amid banks failures. What’s next?

Housing Wire

After increasing steadily for over a month, mortgage rates fell last week following a deposit run that provoked a liquidity crisis in regional U.S. financial institutions — and resulted in the failures of Silicon Valley Bank and Signature Bank. But what is there to expect ahead for the housing market? Industry observers said that, at least in the short term, mortgage rate declines will support home prices but lead to a better outlook for the spring season.

Banks 382

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Qualia adds a new product to its software offerings

Housing Wire

Closing software provider Qualia has announced a major update to its software offerings. On Thursday, the firm announced the launch of Qualia Atlas. According to Qualia , Atlas combines title and escrow production, as well as vendor management, along with client and homebuyer connectivity. “We originally launched Qualia almost 10 years ago with the belief that a modern technology infrastructure could fundamentally transform homebuying into a simple, secure, and enjoyable experience for everyone

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Coldwell Banker latest brokerage to settle in wake of ‘Newsday’ exposé

Inman

Coldwell Banker agents subjected prospective homebuyers of color to different requirements than white homebuyers, according to the Office of the New York State Attorney General.

Brokerage 160
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What Are the Different Types of Property Liens

Realty Biz

Are you in the process of applying for your first mortgage ? Or perhaps you've discovered that an estate tax lien has been placed on your property. Whatever the case, as a property owner, it's important to understand as much as possible about real estate liens. A property lien is a legal claim placed on a property by a creditor as collateral for an outstanding debt or payment owed.

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Redfin Premier expands nationally to more than 100 new markets

Inman

Redfin Premier, which matches luxury homebuyers and sellers with a Redfin Premier agent and marketing tools specific to the luxury brand, is launching in every market the brokerage operates.

Marketing 154
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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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Frenzy Monitor

BubbleInfo

The reason for breaking down the active and pending listings by zip code is to give the readers a closer look at their neighborhood stats. Four areas have MORE pendings than active listings, which is a sign of a red-hot market, and all areas except Rancho Santa Fe are around the healthy 2:1 ratio.

Marketing 105
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3 things Netflix, Airbnb and Google do (that most leaders don’t)

Inman

Good leadership is often the difference between a thriving business and a failing one. A great leader cares about their people and prioritizes their needs to ensure a happy and productive work environment.

Brokerage 148
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Chicago Realtor: Marki Lemons Queen of Foreclosures

Realty Biz

Marki Lemons-Ryhal not only shines as Chicago’s own “Queen of Foreclosures”, she shares her knowledge with other professionals who are eager to learn from her expertise. An insightful and dedicated Real Estate Educator, Marki’s drive to empower other professionals with the tools they need to grow their businesses is fueled by her passion for excellence and her commitment to serve.

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Watch Now: iBuying, positioning your brand and winning listings

Inman

The newest Inman Access classes are live! Watch experts discuss the latest iBuying trends, mastering branding and positioning, and tactics to secure listings in a competitive market.

Branding 148
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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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Social Media for Real Estate: 3 Experts Weigh in on What’s Working

Broke Agent Media

Mastering social media for real estate can be a game changer for your business. But very few agents are putting out content that either helps create top-of-funnel opportunities or helps close deals at the bottom of the funnel. As Tom Ferry said, everything else is just noise. Marketing expert Jason Pantana and BAM co-founder Byron Lazine recently joined #1 real estate coach Tom Ferry on The Tom Ferry Podcast Experience to share what’s working—and what isn’t—for real estate agents on the major

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LISTEN: It’s not too late to advocate for affordable housing

Inman

Have we reached the point of no return when it comes to affordable housing? Dr. Lee Davenport and her guest, Georgia State University's Dr. Dan Immergluck, discuss the peril and possibilities.

MLS 148
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Why Realtor.com Says April 16-22 Will Be The Best Time To Sell in 2023

Broke Agent Media

BAM Key Details: According to Realtor.com, the best time to sell property in 2023 is April 16-22. Sellers who list their homes during this window will experience the best combination of market conditions and could boost their sale price by $48,000—if they prepare for the sale with calculated repairs, valuable updates, and effective marketing tactics.

Sales 98
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How scary is a contagion? Imagine if everyone sold their house at once

Inman

Could a contagion hit real estate? Not now, Inman founder Brad Inman writes. But cavalier lending, greed and bad actors can all wreak havoc on the housing market.

Lending 154
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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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What Are iBuyers: What to Know About an Instant Buyer

Maximum Exposure Real Estate

The Guide to iBuyers Explained Have you heard the term iBuyer or instant buyer and wondered what it meant? iBuyers are confusing to those who have never heard the term. Technology changes how we do business, and real estate is no exception. The internet has already caused significant changes in the real estate sales process. […] The post What Are iBuyers: What to Know About an Instant Buyer appeared first on Maximum Real Estate Exposure.

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As losses mount, Blend looks beyond mortgage for future growth

Inman

The San Francisco-based cloud banking software provider has trimmed the company's payroll by 1,100 employees and cut annual expenses by $72 million.

Mortgages 154
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Seller Concessions on the Rise

Broke Agent Media

BAM Key Details: A new Redfin report shows over 45% of sellers giving concessions to incentivize buyers, with a record 13% of sales involving both price cuts and concessions. Pandemic boomtowns, led by Seattle, have seen the biggest increases in seller concessions, which are most common in Las Vegas at 51.6% of home sales. A new Redfin report shows a rise in seller concessions to offset higher mortgage rates.

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7 reasons agents are failing (and how to avoid their mistakes)

Inman

The current real estate market separates the best from the rest. Jimmy Burgess shares how to avoid the biggest mistakes agents are making right now.

Agents 148
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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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What to Know About FHA Loans

Realty Biz

Are you trying to decide the best mortgage options for buying your first home? If so, you have probably decided now is a good time to buy a house. If qualifying for a conventional loan is difficult, and you aren't eligible for VA or USDA loans, an FHA loan could be the answer. FHA loans allow you to pay 3.5% even if your credit isn't the best. But there are also downsides to FHA-insured loans.

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Broker Spotlight: Ida Schwartz, Compass Florida

Inman

Find out how this luxury broker made the move from banking to stay-at-home mom to real estate (Hint: It started with an open house).

Banks 148
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Family-Owned Boutique Luxury Brokerage Becomes an ERA Powered company

Realty Biz

ERA Real Estate , a global franchising leader within the Anywhere SM portfolio of brands, announced today that Rimkus Real Estate, based in the resort city of Glenwood Springs, Colorado, has affiliated with the ERA ® brand. Now known as Rimkus Real Estate ERA Powered, the boutique brokerage serves the Roaring Fork Valley, which spans from Aspen to Glenwood Springs.

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Need an Appointment Setting Script? Here’s 3 that WORK!

Tom Ferry

If you want more listing appointments, you need a great appointment setting script. Well, I’ll do you two better – and they’re delivered through text and email! Let’s talk about why having an appointment setting script is possibly the most important tool in your arsenal right now. Two weeks ago, we covered what your No. […] The post Need an Appointment Setting Script?

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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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Enhance the Look of Your Yard With These Grasses

Realty Biz

There's nothing quite like getting the most out of your lawn. Planting some beautiful green grass can revolutionize your lawn and your property, which is why so many homeowners invest in the products, supplies, and services that help. The field of landscaping is worth close to $177 billion today. You can invest in your lawn, enhance curb appeal, and create more equity in your home when you learn the best grass options.

Staging 84
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Instant Reaction: Mortgage Rates, March 16, 2023

NAR: Economic Outlook

Instant Reaction: Mortgage Rates, March 16, 2023 Due to recent developments in the banking sector, mortgage rates fell this week to 6.60% from 6.73% the previous week.

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Coldwell Banker Formally Launches in Chile, South America

Coldwell Banker

The franchisor serves as a shining light across the Chilean market The post Coldwell Banker Formally Launches in Chile, South America appeared first on Coldwell Banker Blue Matter.

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Instant Reaction: Housing Starts, March 16, 2023

NAR: Economic Outlook

Instant Reaction: Housing Starts, March 16, 2023 Apartment and multifamily housing construction continued its near 40-year high trends with 620,000 units started in February.

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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.