Mon.Mar 13, 2023

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Don’t Miss Out: 8 Must-Attend Real Estate Conferences in 2023!

Kyle Handy

Real estate conferences are a great way to learn more, network, and build your reputation. At a real estate conference, you get to interface one-on-one with experts in your field. You get to listen to the best of the best. From commercial real estate to real estate investing, you can find out what you need to know from other real estate professionals.

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Former Fannie Mae chief named as CEO of Silicon Valley Bank N.A.

Housing Wire

The Federal Deposit Insurance Corporation (FDIC) has named former Fannie Mae CEO and Blend president Tim Mayopoulos as CEO of Silicon Valley Bank N.A. , an FDIC-operated “bridge bank” meant to protect all depositors of the now shut-down Silicon Valley Bank (SVB). While the FDIC — an independent government agency that insures bank deposits and overseas financial institutions — declined to comment on Mayopoulos’ role, his career has been focused on financial and legal expertise.

Banks 397
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Who’s No. 1? See which companies held on despite the downturn

Real Estate News

T3 Sixty’s ranking of the top brokerage companies includes Compass, Keller Williams, Anywhere and other repeat leaders — plus a few surprises.

Brokerage 279
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What your title company needs to succeed in 2023

Housing Wire

The rollercoaster ride the housing market has been on for the last three years has ended. Instead of twists and turns, we believe the market will surprise us this year… simply by being boring. In a boring market, it’s more important than ever to stand out from the crowd. We want to show you how to do just that. Follow along for our tips on how to craft your marketing strategy to set yourself up for success in 2023.

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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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Long & Foster CEO, brokerage president resign

Real Estate News

CEO Jeff Detwiler left after nearly 14 years with Long & Foster, along with Boomer Foster, the founder’s nephew. Two company vets have moved into their spots.

Brokerage 263
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Guild Mortgage acquires Cherry Creek Mortgage

Housing Wire

Retail lender Guild Mortgage announced the acquisition of Cherry Creek Mortgage , a privately-held Colorado-based lender with 68 branches in 45 states. Cherry Creek will become its own division of Guild, headed by co-founder Jeff May, Guild said on Monday. The terms of the acquisition were not disclosed. Established in 1987, Cherry Creek offers a wide range of mortgage products including conventional, FHA, VA USDA, USDA, reverse mortgages and home renovation loans.

Mortgages 370

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How the run on banks is affecting the mortgage market

Housing Wire

Following the collapse of Silicon Valley Bank last week, the biggest bank failure since Washington Mutual in 2008, two other American banks with significant roles in the housing industry were hit by a deposit run. Signature Bank closed its doors on Sunday, the same day First Republic Bank announced fresh access to capital to fund operations. California-based First Republic Bank, the 14th-largest U.S. mortgage lender in 2022, said it enhanced its financial position by accessing additional borrowi

Banks 370
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Leverage Your Equity When You Sell Your House

Keeping Current Matters

One of the benefits of being a homeowner is that you build equity over time.

Equity 249
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Local Housing Markets: New York, Sarasota and Racine

Housing Wire

Local housing markets is a HousingWire magazine feature spotlighting housing trends across the country. New York City, New York In many ways the spring of 2022 marked the full return of New York City and for a real estate agent like Johnson Tsai, a lead agent at REAL, this meant a massive up-tick in rental demand. “We are typically super busy from March through August and sometimes even into October,” Tsai said.

Marketing 370
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Keller Williams’ sales dip in US as agent count takes big leap overseas

Inman

Transaction sides fell 18.2 percent year over year for a total of $472.9 billion in sales in 2022, a 12.5 percent decline, according to a full-year earnings report released Monday afternoon by the Texas-based brokerage.

Sales 158
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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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Borrowers shift toward jumbo loans, ARMs as mortgage rates rise

Housing Wire

Rate and affordability pressures continue to challenge purchase lending, driving homebuyers to alternative loan products. The number of rate locks was down in February from the previous month, but dollar volume rose due to a rate environment that favored non-conforming loans including jumbo loans and adjustable-rate mortgages (ARMs), according to Black Knight ’s originations market report.

Loans 370
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Anthony Hitt unveils brand refresh at Engel & Völkers’ EVX conference

Inman

Engel & Völkers' luxury agents poured into Miami this week for the company's 10th annual conference, where Americas CEO Anthony Hitt revealed the brokerage's "Refined" brand refresh.

Branding 158
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Bipartisan pair reintroduce bill to make MIP deduction permanent

Housing Wire

A bipartisan pair of members from the U.S. House of Representatives last week reintroduced a bill that seeks to solidify the mortgage insurance premium (MIP) deduction. The bill, House Resolution (HR) 1384 , is sponsored by Rep. Vern Buchanan (R-Fla.) and co-sponsored by Rep. Jimmy Panetta (D-Calif.), and if passed, it would amend the Internal Revenue Code of 1986 to increase the income gap and make the MIP deduction permanent.

HR 363
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Top features of branded residences for the luxury buyer

Inman

Luxury buyers place a high value on acquiring the world’s most iconic brands, so it’s only natural they would appreciate an acclaimed name when making their next great real estate purchase.

Branding 148
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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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Explore 5 Mid-Century Modern Homes

Sotheby's International Real Estate

Mid-century modern homes—famed for their clean lines, large windows and open spaces—are still coveted by those who appreciate simplicity and immersion in nature. In locations from Houston to Denver, explore five perennially stylish homes built circa 1950-1965. Saratoga, California Golden Gate Sotheby’s International Realty Ceilings of birch wood plank, expansive floor-to-ceiling windows, a handsome fireplace, and Mid-century details throughout create an unforgettable atmosphere in this ho

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Think globally, act locally: How the right franchise partner helps businesses expand their network and net worth

Inman

Our successful owners routinely gather to share winning business strategies, discuss joint business ventures, and help make each other even stronger, displaying an unbeatable combination of know-how and camaraderie.

Agents 148
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Incentivising Renters With Cash Back

GeekEstate

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: Stake] A fintech company and loyalty network, Stake enables multi-family owners and operators to reduce delinquencies, increase leads, and generate more renewals. Serving more than 40,000 units, they do that by helping renters save through cash back and banking.

Banks 116
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WATCH: ChatGPT – Will it Replace Agents?

Inman

Is automating responses the best tactic in an industry that typically requires a deep level of personalization? In this episode, we will take a deeper dive into the benefits of these tools for entrepreneurs and the pitfalls of relying too heavily on technology.

Agents 148
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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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How Did A $200B+ Bank Collapse In 48 Hours? Is Real Estate Going To Be Impacted?

Bigger Pockets

Last week, Silicon Valley Bank (SVB) rapidly collapsed—going from normal operations to insolvency in a matter of days.

Banks 106
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Mortgage rates nosedive in fallout from Silicon Valley Bank failure

Inman

Bank failures and a slowdown in wage growth have forecasters thinking the Fed will back off from an aggressive rate hike campaign next week.

Banks 148
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Find Cash Home Buyers in Los Angeles for a Fast, Simple Sale

HomeLight

Perhaps you’re in a situation where you’re looking for reputable cash home buyers in Los Angeles. Maybe you need to relocate for a job, or you’re looking to unload a 1920s fixer-upper or fire-damaged property and lack the money for needed repairs. A cash sale may provide the speed and efficiency you need. In this article, we explain how to find and sell to a Los Angeles area cash home buyer.

Sales 105
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William Lauder buys Rush Limbaugh’s Palm Beach estate

Inman

The deal marks a new record price for the market of Palm Beach where the priciest deal previously went to hedge funder Ken Griffin's purchase of four parcels for $129.6 million in 2013.

Marketing 148
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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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A Stunning Stat: There Are More American Households With Pets Than Children

NAR: Economic Outlook

There Are More Households With Pets Than Children According to the U.S. Census, the share of families with children living in their homes under the age of 18 has continued to decline.

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The Pinnacle Group joins forces with Douglas Elliman

Inman

The eight-person team, established by agent Elaine Bannigan, will now work out of Douglas Elliman's new office in Wellesley, Massachusetts, the company exclusively told Inman.

Agents 148
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Software and Desktop Apps Every Real Estate Agent Needs

Realtors Property Resource

As small business owners, REALTORS® have plenty of needs. RPR’s list of top real estate websites and desktop software can help you find solutions and success. The post Software and Desktop Apps Every Real Estate Agent Needs appeared first on Realtors Property Resource (RPR).

Agents 98
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3 questions agents need to answer right now to grow their business

Inman

There are multiple paths agents pursue to grow their business, with no shortage of online resources available. Agents can also get training from their brokerages and insights from colleagues. No development opportunity should be ignored when growing a business.

Agents 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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Cracking the 2023 Instagram Algorithm

Broke Agent Media

This week’s Over Ask Podcast is a bit different. Brooks Landry joined Matt Lionetti and The Broke Agent to host a BoomTown webinar and crack the 2023 Instagram code—starting with a lively discussion on— Instagram strategies working for each one of them vs. what used to work How they get leads on the platform How each one has built (and is continuing to build) their following From there, they launched into 14 burning questions, many from webinar attendees during the live Q&A.

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Silicon Valley Bank was part of an ecosystem that sped up innovation

Inman

Silicon Valley Bank, which federal regulators took control of Friday following a run on the bank, understood the digital age, supported entrepreneurs and understood our needs, writes Inman founder Brad Inman.

Banks 148
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The Best Moving Companies For Local and Long Distance Reviewed

Maximum Exposure Real Estate

Who Are The Best Movers? Do you need to find one of the best moving companies? Are you going to be relocating across the country? Maybe you just discovered you’d be transferred due to your job? The first step in getting to your new place will be finding a highly-rated mover. Making a long-distance move […] The post The Best Moving Companies For Local and Long Distance Reviewed appeared first on Maximum Real Estate Exposure.

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With fewer million-dollar homes, is luxury OK? The Real Word

Inman

This week, hosts Byron Lazine and Nicole White are talking about the luxury market, seller's biggest regrets and the importance of technology for agents this year.

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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.