Keeping Current Matters
FEBRUARY 13, 2023
Before you buy a home, it’s important to plan ahead. While most buyers consider how much they need to save for a down payment, many are surprised by the closing costs they have to pay. To ensure you aren’t caught off guard when it’s time to close on your home, you need to understand what closing costs are and how much you should budget for.
Housing Wire
FEBRUARY 13, 2023
The housing market experienced more volatility last week, with housing inventory dropping as mortgage rates moved higher. Here is a quick rundown from last week : Purchase application data had a 3% week-to-week increase. The start of 2023 has been good, considering mortgage rates have stayed above 6% most of the time. Weekly housing inventory continues to decline, as we saw a decrease of 13,238 units, double the amount we had this time last year.
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Real Estate News
FEBRUARY 13, 2023
Ryan Gorman leads btcRE consultancy, Ines Hegedus-Garcia chairs MIAMI board, Dave Howe now CEO at MetroList, Nicole Aissa first president at Red Oak.
Housing Wire
FEBRUARY 13, 2023
Jay Farner will retire as CEO of Rocket Companies in June, ending his 27-year stint at the firm. He stepped down as member of the board of directors last week, Rocket disclosed in a filing with the Securities and Exchange Commission. On February 8, Farner notified the board of directors of Rocket of his intent to retire as CEO effective June 1 and as vice chairman and member of the board effective immediately, according to the company’s 8-K filing on Monday.
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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.
Real Estate News
FEBRUARY 13, 2023
In a down market, the grass might look greener elsewhere. But if you regularly — and genuinely — connect with your agents, they'll have a reason to stay.
Housing Wire
FEBRUARY 13, 2023
Non-QM lender Deephaven Mortgage, owned by alternate investment firm Pretium, has appointed Aaron Drago as its chief operating officer. “Aaron combines a depth of operational experience with a focused and disciplined approach to process optimization. This will serve Deephaven well as we scale operations to meet strong demand for our products,” said Deephaven president and CEO John Keratsis in a statement.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
FEBRUARY 13, 2023
The drop in mortgage rates and seasonal tailwinds boosted mortgage rate lock activity by 32% in January, ending a nine-month streak of declines, according to Black Knight ’s originations market monitor report. “Mortgage rates declined in January, continuing a trend that began in early November 2022,” Kevin McMahon, president of Optimal Blue, a division of Black Knight, said in a statement.
Inman
FEBRUARY 13, 2023
Brian Gubernick will serve as PLACE's new chief real estate officer tasked with helping teams and agents grow their businesses.
Housing Wire
FEBRUARY 13, 2023
Equity Prime Mortgage (EPM) filed a counterclaim against Jesse Iwuji Motorsports (JIM) last week for allegedly breaching a sponsorship contract. The Atlanta-based mortgage lender is accusing the stock car racing team of breaking the agreement by changing the driver of the car starting in May 2022. The counterclaim is a response to a lawsuit filed by JIM in December 2022.
Inman
FEBRUARY 13, 2023
The penthouse apartment sits at the southwest corner of Central Park and sprawls across more than 8,000 square feet.
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.
The American Genius for Real Estate
FEBRUARY 13, 2023
Following a tumultuous few years in the housing market, families across multiple demographics are sticking together in multi-generational housing.
Inman
FEBRUARY 13, 2023
The team formerly known as the Southern District Properties Group at Compass will now become Sotheby's newest affiliate in Texas, Southern District Sotheby's International Realty.
Eye on Housing
FEBRUARY 13, 2023
The price and availability of building materials again topped the list of problems builders faced last year, while interest rates (along with general inflation and negative media reports) moved considerably up the list. According to special questions on the January 2023 survey for the NAHB/Wells Fargo Housing Market Index, building material prices were a significant issue for 96% of builders.
Inman
FEBRUARY 13, 2023
Learn how proactive AI can give you an almost unfair advantage and fill your pipeline with opportunities.
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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.
NAR: Economic Outlook
FEBRUARY 13, 2023
Married vs. Unmarried Couples in the Housing Market Unmarried couples account for 10% of home buyers but are a sizeable share of the first-time buyer market at 18%.
Inman
FEBRUARY 13, 2023
I’ve been showcasing properties in front of the camera for much of my career. I’ve uncovered my own formula for what works when streaming video to a live virtual audience and what doesn’t. Here are my top tips.
Bigger Pockets
FEBRUARY 13, 2023
Americans are squeezed by inflation and rising housing prices in big cities.
Inman
FEBRUARY 13, 2023
On a stage at Inman Connect New York, industry insider Kendall Bonner welcomed a full house to an expert panel discussion on AI including Omer Granot, Jonathan Klein, and Ori Freiman.
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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.
Lighter Side of Real Estate
FEBRUARY 13, 2023
You have to go to school and pass a real estate exam in order to become a real estate agent to help people buy a house, but you don’t need to do either of those things as a home buyer. All you have to do is rely on the knowledge and experience of your agent, and you’ll be fine. However, your agent can be a lot more effective and help you get better results if you know a few things ahead of time!
Inman
FEBRUARY 13, 2023
Sometimes, the agent on the other side of the table can't get out of their own way. The next time you experience a hot-headed real estate agent on the other side of the deal, try these tips from Amie Quirarte to cool it down.
Realty Biz
FEBRUARY 13, 2023
Off-market properties might be the answer if you want to avoid competition from other buyers when looking for your next home. These home sales are sometimes known as pocket listings or quiet homes and aren’t added to the multiple listing services. Finding a buyer for a home not featured in the MLS requires more work from the real estate agent and used to be very unusual.
Inman
FEBRUARY 13, 2023
Everyone has the ability to be a great leader, but not everyone has the drive. Developing leadership skill takes time, dedication and perseverance.
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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.
The American Genius for Real Estate
FEBRUARY 13, 2023
For those of us that only stay productive with time blocking, task management tools often fall short - but we found one that does just that!
Inman
FEBRUARY 13, 2023
Real estate's top thought leaders shared their best advice for thriving in a slower market during CEO Connect in New York last month. Here's what they had to say.
HomeLight
FEBRUARY 13, 2023
You’ve likely read headlines about The Inflation Reduction Act — which sets aside around $369 billion for clean energy projects. But if you’re a homeowner, homebuyer, or seller, you’re probably wondering how this massive bill affects you. Fortunately, you don’t have to sift through the more than 750-page document to find out. In this post, we’ll reveal some of the housing-related benefits of The Inflation Reduction Act.
Inman
FEBRUARY 13, 2023
Why is it that in 2023 our culture is still determined to enforce dated and ridiculous dress code stereotypes? Trainer Rachael Hite says that brokers need to focus more on providing great customer service to consumers and better training for agents and worry less about what they are wearing.
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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.
Realty Biz
FEBRUARY 13, 2023
Social media has become an integral part of our daily lives and is proving to be a valuable tool for businesses to reach their target audience. To achieve that goal, a real estate agent must have a solid online presence and social media. Nowadays, real estate agents can easily get a lot of Instagram followers if they know how to use Instagram right and take advantage of platform features, such as instagram follower trial , to showcase their listings, engage with potential clients, and build thei
Inman
FEBRUARY 13, 2023
Working with a team is as much of an exercise in self-improvement, commitment to excellence and accountability for the team leader as it is for members on the team, writes broker Cara Ameer. The goal is to create a happy and inspiring place to prosper.
Real Trends
FEBRUARY 13, 2023
The available inventory of homes for sale dropped big this week. Thus far in 2023, demand for homes has exceeded the number of sellers who are willing to sell. According to the data, sufficient numbers of homebuyers are able to afford homes at these prices and at these mortgage rates. Buyers know that if they buy now and rates decline in the future, then they can refinance in the future.
Coldwell Banker
FEBRUARY 13, 2023
There’s never been more ways for motivated homebuyers to view properties, but no matter how efficient or convenient virtual property tours can be, nothing beats seeing a home in person. Open houses are the perfect opportunity to learn vital details about a home that will help you narrow your property search. Here are a few […] The post Tips to Help Buyers Make Every Open House Count appeared first on Coldwell Banker Blue Matter.
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