Inman
JANUARY 31, 2023
Cold calling can be an intimidating prospect for many real estate agents, but it doesn’t have to be, writes renowned trainer Darryl Davis. Real estate agents can turn cold calls into warm leads with practice and preparation, and as it becomes second nature, they will ultimately drive more sales for their business.
Housing Wire
JANUARY 31, 2023
First Internet Bank is shutting down its consumer mortgage business due to a steep decline in mortgage volumes and the negative outlook for mortgage lending that is forecasted to continue for the next several years. First Internet Bancorp , parent company of First Internet Bank, announced that the exit will include its nationwide digital direct-to-consumer mortgage platform, which originates residential loans for sale in the secondary market.
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Keeping Current Matters
JANUARY 31, 2023
As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling.
Housing Wire
JANUARY 31, 2023
Yearly home price growth continued to cool in November as mortgage rates reached some of their highest levels in decades, which resulted in annual home price gains shrinking for the eight consecutive month, according to the S&P CoreLogic Case-Shiller National Home Price Index , released Tuesday. Nationwide, home prices posted an annual gain of 7.7% in November, bringing the index to a reading of 297.29.
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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.
Inman
JANUARY 31, 2023
The Case-Schiller index posted a 7.7 percent annual gain in home prices — down from a 9.2 percent gain in October — while the FHFA index showed a 0.1 percent decline in prices between October and November.
Housing Wire
JANUARY 31, 2023
Scott Miller, a former mortgage loan originator at Sprout Mortgage , knew the clock was ticking when the non-qualified mortgage (non-QM) lender abruptly closed doors in July 2022. The decision left more than 400 employees without a job, and Miller had two urgent tasks — to find a lender that would close his clients’ loans in the pipeline and would also help him close more sales in an industry that is projected to further downsize.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
JANUARY 31, 2023
New York Community Bancorp, Inc. (NYCB) confirmed it’s closing 69% of the retail home lending offices outside of its branches after acquiring Michigan-based Flagstar Bank. “We made the strategic decision shortly after the transaction closed to swiftly restructure the business, which occurred in January,” Thomas Cangem, NYCB president and CEO, said in a statement.
Inman
JANUARY 31, 2023
The standard for appropriate business attire is always a moving target, especially in real estate. How should residential real estate brokers navigate this ever-shifting playing field, one full of landmines in every direction?
Housing Wire
JANUARY 31, 2023
Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market. A recent combination of lower property value appreciation in Boston, which is Marquis’ main market, and declining mortgage rates have resulted in bidding wars — but there aren’t as many
Inman
JANUARY 31, 2023
Top-producing agent Mary Bonham believes that no matter what the market renders, there are key actions we can take as Realtors that’ll improve our business.
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.
Housing Wire
JANUARY 31, 2023
Calque, a company that partners with lenders to offer non-contingent mortgages to homebuyers, has appointed Dan Mugge as its chief operating officer. Mugge, a mortgage industry veteran with more than two decades in technology and business management, will lead the company’s push to secure high-profile mortgage lending partners to offer Calque’s products.
Inman
JANUARY 31, 2023
Even the most expensive cities — which typically have higher minimum wages — are more affordable than those with $7.25 an hour minimums, according to data released Tuesday by Zillow.
Eye on Housing
JANUARY 31, 2023
Dwindling housing affordability in the fourth quarter of 2022 caused the share of prospective home buyers who are actively engaged in the purchase process (i.e. who have moved beyond just the planning phase) to drop to 46%, down from 59% a quarter earlier. The share of prospective buyers fully engaged in the buying process declined in every region between the.
Inman
JANUARY 31, 2023
As we launch into Leadership Month here at Inman, we're asking you: What does leadership look like today?
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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.
Eye on Housing
JANUARY 31, 2023
The Census Bureau’s Housing Vacancy Survey (CPS/HVS) reported the U.S. homeownership rate at 65.9% in the last quarter of 2022, which is statistically unchanged from the fourth quarter reading (66%). It is 0.4 percentage points higher than the rate in the fourth quarter of 2021. The national rental vacancy rate dipped slightly to 5.8%, and the homeowner vacancy rate inched.
Inman
JANUARY 31, 2023
If you are wondering how to keep the magic alive after a great conference experience, you are not alone. Coach Jeff Glover says that if you make a plan of action of immediate steps to take after the conference you won't lose that upbeat feeling as soon as you walk through your front door.
HomeLight
JANUARY 31, 2023
Over the past several years, the vacation rental market has skyrocketed in popularity — not just for travelers, but also for the owners and investors who own the properties. As of May 2022, short-term rental listings in the U.S. reached 1.34 million , with consumer demand for STRs up 26.1% from 2019. After years of curtailed vacation plans, people are enthusiastically returning to travel , with many travelers preferring a rental house — complete with many of the comforts of home — to a hotel.
Inman
JANUARY 31, 2023
Nashville, Tennessee-based Fourth Capital Bank is the first to integrate Rocket’s digital mortgage application using a new platform developed by Q2 Software.
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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.
Realtor.com
JANUARY 31, 2023
Photo-Illustration by Realtor.com; Photos: Getty Images (2) Pamela Grunstein still thinks about the couple who presumed the high-priced, haywire housing market of 2022 was bound to settle down, so they put their house hunt on hold to wait it out. Grunstein, a real estate agent with the Francie Malina Team in New York’s Westchester County, met the couple when their local market was rife with bidding wars and offers often six figures over the asking price.
Inman
JANUARY 31, 2023
Redfin's new website and app feature will allow homebuyers and renters to save their favorite properties in customized lists and share them with their home search partner to stay organized.
Realty Biz
JANUARY 31, 2023
Jerry Sullivan, Broker, and PJ Louis, General Manager of CENTURY 21® Blue Marlin Pelican recently announced Sandy Early as the real estate company’s new Regional Sales Manager at their 2023 Company-wide Kickoff Meeting in Destin, Florida. Early, formerly of Coldwell Banker will be based in Niceville covering Destin, Crestview, Okaloosa Island, and DeFuniak Springs, bringing tremendous knowledge and leadership to the team.
Bigger Pockets
JANUARY 31, 2023
I’m worried about a significant decline (or crash) in commercial real estate valuations, specifically including multifamily, in 2023 and 2024.
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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.
Better Dwelling
JANUARY 31, 2023
Canada’s economy is still cranking out growth, but the details aren’t encouraging. Statistics Canada (Stat Can) data shows higher-than-expected gross domestic product (GDP) growth in November. It was positive news, but economists remain cautious and warn that consumers are weakening. GDP growth couldn’t even match the robust population growth, reinforcing slowdown concerns.
HomeLight
JANUARY 31, 2023
For buyers in Michigan, building a house is certainly one way to get around the low inventory of available homes. Even as the hot seller’s market has cooled, top HomeLight agents are reporting that inventory is staying low as homeowners in 2023 pull back from selling. But according to Bethany Brokaw — a real estate agent who has been selling homes in Genesee County for over a decade — the average cost to build a house in Michigan “would be deemed quite expensive right now, especially compared to
The American Genius for Real Estate
JANUARY 31, 2023
America is in a state of fluctuation when it comes to populations migrating - are people moving TO or FROM your state?
Coldwell Banker
JANUARY 31, 2023
Extra, extra! Read the top 10 news items that ran in January about Coldwell Banker and its stellar agents. This is just a sampling of the 1,000+ mentions that occur every month. The post Top 10 Coldwell Banker Stories of the Month – January 2023 appeared first on Coldwell Banker Blue Matter.
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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.
HomeLight
JANUARY 31, 2023
If you want your dream home, one way to ensure it’s exactly what you want is to build it instead of buying one already built to someone else’s specifications. So how much does it cost to build a house in Georgia ? Well, it depends. The average cost to build a house in Georgia is between $300,000 and $500,000 , and can range more widely from $200,000 on the low end to $750,000 on the high end.
Real Trends
JANUARY 31, 2023
Let’s face it: it’s tough out there for homebuyers. Some may argue it’s downright heartbreaking. According to a recent survey from Zillow , 50% of homebuyers said the home-buying process left them in tears, with millennial and Gen Z buyers reporting this at higher levels than their older counterparts (61%, millennials; more than 65%, Gen Z). Last year’s housing market put would-be homebuyers through the wringer.
HomeLight
JANUARY 31, 2023
Florida continues to attract new homebuyers in droves, topping the charts for domestic migration , according to the Joint Center for Housing Studies of Harvard University. And the Sunshine State offers new transplants plenty of opportunities to build across a smorgasbord of architectural styles and price ranges. With one of the longest coastlines of any state in the U.S. — second only to Alaska — beach lovers can find lots of communities in which to build, from Key West to Pensacola, while other
Real Trends
JANUARY 31, 2023
Maryland-based home improvement company Curbio, Inc. launched a new marketing campaign aimed at helping agents prepare a home for the market. Curbio repairs homes for agents to market them and only charges if the home sells, providing an alternative to selling a home “as is.” The potential repairs include flooring installation, electrical and plumbing work, landscaping, roofing, pest control, drywall repair and mold remediation, among others.
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