RIS Media
MAY 9, 2023
If you’re a broker, you’re probably often thinking of strategies for how to grow your team or agent count. However, growth shouldn’t be the only concern you have when it comes to team-building. In fact, there’s something to be said for maintaining a smaller team of agents. Now, this might sound antithetical to your instincts… The post 3 Reasons Why Team Growth Isn’t Everything appeared first on RISMedia.
Housing Wire
MAY 9, 2023
California-based lender loanDepot was in the red again in the first quarter of 2023. However, margins and revenues improved in the period, according to documents filed with the Securities and Exchange Commission on Tuesday. The lender recorded a loss of $60.2 million in non-GAAP adjusted net income from January to March, compared to a negative $110.7 million in the previous quarter.
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Real Estate News
MAY 9, 2023
With the rollout underway for its end-to-end transaction platform, and agent count up, Compass projects that it will be cash-flow positive next quarter.
Housing Wire
MAY 9, 2023
Independent mortgage banks have been coping with a still-surging wave of loan-repurchase requests from Fannie Mae and Freddie Mac that represents yet another threat to lenders’ already stretched balance sheets. Much of the problem stems from the huge volume of low-rate loans originated in 2020 and 2021 at a time when the industry was continuously working to build capacity to deal with the explosive origination growth.
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Real Estate News
MAY 9, 2023
Is it possible to create an end-to-end buying and selling solution? Should we give iBuying a second look? Tech leaders discuss these questions and more.
Housing Wire
MAY 9, 2023
National Mortgage Insurance Corporation (National MI) announced on Tuesday its integration with Vesta , a loan origination system (LOS) provider and software-as-a-service company. The technology integration enables lenders to obtain price quotes and order National MI’s real-time, risk-based mortgage insurance through its Rate GPS tool instantly without leaving the Vesta LOS platform. “We are delighted to partner with Vesta to make ordering MI through our Rate GPS tool as easy as poss
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
MAY 9, 2023
Big Purple Dot (BPD), a technology solutions provider for the real estate industry, announced this week that it has launched BPD Recruit, a recruiting software designed to transform talent acquisition strategies and deliver exceptional results. The software is powered by CoreLogic , a renowned leader in data and analytics solutions. With BPD Recruit, Big Purple Dot offers a unique solution that continuously syncs with a customer relationship management (CRM) system, which ensures a unified and s
Keeping Current Matters
MAY 9, 2023
There’s been some concern lately that the housing market is headed for a crash.
Housing Wire
MAY 9, 2023
Appraisal management software company Reggora announced this week the launch of its Appraisal Marketplace, which leverages data managed by the company in an effort to improve appraisal performance. Since most appraisal orders are sent either to an individual appraiser or appraisal management company (AMC), orders are traditionally then issued to an appraiser based on location and performance history.
Inman
MAY 9, 2023
The National Association of Realtors' Board of Directors will vote Thursday on requiring its 1.5 million members to complete two hours of fair housing training every three years beginning in 2025.
Advertiser: Trellis
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.
RIS Media
MAY 9, 2023
When you think you’ve found your perfect home, you will be understandably devastated if the sale falls through. After the seller has accepted your offer, it can take as long as 60 days to close or more, and many things could go wrong. You might be surprised at the number of reasons pending sales fall… The post Common Reasons Why Pending Sales Fall Through appeared first on RISMedia.
Inman
MAY 9, 2023
On a quarterly earnings call Tuesday, Matterport told shareholders, analysts and media attendees that total revenue for the first quarter of 2023 was $38 million, a 33 percent increase from quarter one last year.
Eye on Housing
MAY 9, 2023
According to the latest May 2022 Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) and analysis by the National Association of Home Builders (NAHB), half of payroll workers in construction earn more than $54,540 and the top 25% make at least $77,030. In comparison, the U.S. median wage is $46,310, while the top quartile (top 25%) makes at.
Inman
MAY 9, 2023
At the Realtors Legislative Meetings' Residential Economic Issues and Trends Forum, Lawrence Yun predicted total home sales would bottom out this year before ticking up in 2024.
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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.
Eye on Housing
MAY 9, 2023
The NAHB’s Remodeling Market Index (RMI) survey has asked questions about Aging-in-Place (AIP) periodically, beginning in 2004. According to results from the Q1 2023 survey, 63 percent of professional remodelers undertake projects designed to allow homeowners to Age-in-Place, down from 77 percent in Q4 2018. This is the lowest percentage since the Q2 2006 survey (60 percent).
Inman
MAY 9, 2023
For now, a seasonal surge in home activity has arrested falling prices in most U.S. markets, according to Q1 metro home price data released Tuesday by the National Association of Realtors.
RIS Media
MAY 9, 2023
Nearly seven out of 10 metro markets registered home price gains in Q1 2023, despite mortgage rates still remaining at a high of 6.1% – 6.7%, according to a new report from the National Association of REALTORS® (NAR). NAR’s latest metro area index for Q1 2023 found that 7% of the 221 tracked metro areas… The post 7 of 10 Metro Markets Register Home-Price Gains in Q1 2023 appeared first on RISMedia.
Inman
MAY 9, 2023
The Fox News founder paid nearly 20 percent — or $5.2 million — above the $30 million asking price on the 6,500-square-foot Hampshire House unit he he bought in February, according to disclosures.
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.
RIS Media
MAY 9, 2023
HUNT Real Estate has announced that effective immediately, Charles F. Hunt has been promoted to president, residential brokerage and chief operating officer for the company. The residential brokerage consists of 60 residential branch offices throughout New York State, Massachusetts, and Arizona. Hunt is the great-grandson of company founder Charles S.
Inman
MAY 9, 2023
An ineffective screening process can fail to block a potential threat to an investment property, experts told Inman. Here's a few more screening tips landlords might want to consider.
Sotheby's International Real Estate
MAY 9, 2023
Resort-like living is a breeze at this ultimate modern waterfront Greenwich estate, perched above the Long Island Sound. The stately 11,465-square-foot home honors the integrity of the original 1913 structure while fully embracing contemporary finishes, furnishings, additions, and lifestyle trends. Greenwich, Connecticut | Leslie McElwreath, Sotheby’s International Realty – Greenwich Brokerage A thorough 2023 renovation maintained the footprint of the historic residence while effecting app
Inman
MAY 9, 2023
The short-term rental platform has doubled in size since the start of the pandemic as the number of rentable homes increased by 18 percent from last year, according to earnings data released Tuesday.
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.
BubbleInfo
MAY 9, 2023
The fascinating phenomenon of paying over the list price continued last month. The practice is fairly unpredictable and doesn’t appear to be rooted in reason and logic, mostly due to the lack of uniformity in the presentations.
Inman
MAY 9, 2023
The co-working behemoth posted a net loss of $299 million in the first quarter, a $205 million improvement from a year earlier, according to Q1 earnings data released Tuesday morning.
RIS Media
MAY 9, 2023
The amount of equity-rich homes decreased slightly from 48% in Q4 2022 to 47.2% in Q1 2023, marked the second straight quarterly decline, according to a new report from ATTOM. ATTOM’s Home Equity & Underwater Report for Q1 2023 found that 3% of mortgaged homes, or one in 33, were considered seriously underwater, virtually unchanged from… The post Both Home Equity and Underwater Mortgages Shift Slightly appeared first on RISMedia.
Inman
MAY 9, 2023
In March 2022, the brokerage made its first foray into the Midwest with a location in Birmingham, Michigan. Managing Partner Traci Garontakos is leading The Agency Indianapolis.
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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.
Bigger Pockets
MAY 9, 2023
Commerical real estate vacancies are surging, and it looks like it can only get worse from here. What does this mean for the market?
Inman
MAY 9, 2023
Sixty thousand South Florida agents and brokers will be able to provide buyers and sellers with self-branded online homeowner portals, the Miami Association of Realtors announced Tuesday.
RIS Media
MAY 9, 2023
Jason Friedman was a busy equity and commodities trader in Manhattan 13 years ago when he spent a weekend observing his mother, Rudi Friedman’s thriving real estate business on the North Shore of Long Island, N.Y., an upscale enclave just a short train ride but a cultural world away from the city. Under the banner… The post Upscale Nassau County, New York Team Thrives on Family Dynamic appeared first on RISMedia.
Inman
MAY 9, 2023
The document automator's analysis of borrower-supplied mortgage documentation provides "full-stack capabilities," helping lenders capture data fields, detect fraud and analyze cash flows.
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.
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