Thu.Mar 30, 2023

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What will housing credit look like in next recession?

Housing Wire

With the banking crisis spurring more talk of a recession, the question now is: What would housing credit look like in a recession? Many people predicted that the U.S. housing market would crash during the pandemic. One of the main reasons for that fear was that housing credit was about to get tight, meaning fewer people could buy homes with mortgages.

VA loan 524
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Only 5 of the top 20 real estate companies boosted sales in 2022

Real Estate News

In a tough year for real estate, many of the top companies and franchise brands held onto their rankings, but only a few were able to grow sales volume.

Sales 270
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Low inventory a challenge to housing market as rates decline 

Housing Wire

Mortgage rates declined for the third consecutive week, sparking hope for a good homebuyers’ spring season. But while rates have dropped, the housing market has continued to be challenged by low inventory levels. Freddie Mac’s Primary Mortgage Market Survey showed on Thursday that the 30-year fixed-rate mortgage was 6.32% as of March 30, down 10 basis points from the previous week, mainly due to the economic uncertainty caused by bank collapses.

Marketing 522
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We’re in a Sellers’ Market. What Does That Mean?

Keeping Current Matters

Even though activity in the housing market has slowed from the frenzy we saw over a year ago, today’s low supply of homes for sale is still a sellers’ market.

Marketing 231
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The 4 Most Impactful Actions to Take in Real Estate in 2024

Strategic real estate professionals know that the name of the game right now is to stay informed, adaptable, and ready to make confident decisions. In this free download, Inside Real Estate CEO, Joe Skousen, shares what he believes are the top 4 most impactful actions in real estate right now. We've been actively engaging with industry experts, analyzing data, and listening intently to the experiences of our agents on the ground.

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Homebridge to lay off employees following deal with CMG

Housing Wire

New Jersey-based Homebridge Financial Services will lay off 139 employees in June, three months after the acquisition of its retail division by CMG Mortgage, Inc. A Worker Adjustment and Retraining Notification (WARN) filed with the New Jersey Department of Labor and Workforce Development shows the job cuts will affect mortgage loan officers, final “docs” associates, desktop support professionals and business solutions architects, among others.

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Staging can add value in any kind of market

Real Estate News

Agents surveyed for NAR's Profile of Home Staging reported that staged homes can sell faster and for more money, even in a sellers market.

Staging 251

More Trending

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Mortgage rates continue 3-week decline

Real Estate News

Since peaking in November, rates have been up and down — and up and down. Economists say it's hard to predict what's next, but buyers may want to act now.

Mortgages 225
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Record keeping needs improvement: FHFA watchdog

Housing Wire

The Federal Housing Finance Agency (FHFA)’s Office of the Inspector General (OIG) has determined that the FHFA has followed guidance related to conservatorship of the government-sponsored enterprises (GSEs). However, staff turnover and pervasive record keeping issues have caused a loss of critical documentation, according to a new FHFA OIG report. As a result, new document retention practices should be implemented, the OIG said.

Finance 356
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How did we get here? How to talk about the economy with clients

Inman

How did we get here, and what should we be focusing on as agents? These are the questions Jimmy Burgess posed to Keeping Current Matters' George Ratiu, chief economist, and David Childers, president.

Agents 152
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February 2023 Pending Home Sales Rise for Third Consecutive Month

NAR: Economic Outlook

Pending Home Sales Rise for Third Consecutive Month February’s pending home sales pace rose modestly 0.8% last month but fell 21.1% from a year ago.

Sales 142
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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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5 years later, Anywhere CEO Ryan Schneider’s impact is everywhere

Inman

The quintessential GenXer, who took the helm of the the largest franchisor of residential real estate brands in the world in 2017, is a steady, inclusive, decisive leader, Brad Inman writes.

Branding 144
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Construction Self-Employment Rises Post Pandemic

Eye on Housing

According to the 2021 American Community Survey (ACS), 23% (or close to 2.5 million) of workers employed in construction are self-employed. This is a whole percentage point higher than the share of self employed in construction in 2019, before the pandemic rattled the labor market. Even though the Covid-19 pandemic boosted self-employment across all industries, construction self-employment rates remain significantly.

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Get creative with ChatGPT and level up your marketing game

Inman

Watch the new Inman Access classes with Jeff Lobb and Philip Hordijk to learn how and when you should be using ChatGPT and the importance of marketing and finding a niche for your business.

Marketing 138
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Mortgage, Mortgage, Mortgage: What First-Time Home Buyers Need to Know

Realty Biz

Homes in the United States now cost over $350,000. For many people, rising home prices have served to be an obstacle. For others, they have proven to be a great investment opportunity. Regardless, there are many things that first-time home buyers aren't aware of when it comes to getting a mortgage. We've put together a brief mortgage guide with the key information you need to know.

Mortgages 102
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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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Brad Pitt offloads LA estate for $39M in off-market deal

Inman

Pitt began shopping for a buyer at a $40 million asking price in January, according to reports. The home, he purchased from actress Cassandra Peterson "Elvira," was never publicly listed.

Marketing 136
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Coldwell Banker Taps into Paraguay’s Booming Real Estate Market

Coldwell Banker

Coldwell Banker Paraguay is the latest South American company to join the powerful Coldwell Banker global network The post Coldwell Banker Taps into Paraguay’s Booming Real Estate Market appeared first on Coldwell Banker Blue Matter.

Marketing 101
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Broker Spotlight: Alex and Margot Platt, The Platt Group at Compass

Inman

Find out how these Boca Raton natives use social media and the power of networking to create leverage and sell homes.

Brokerage 152
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Can A Homeowners Association Kick You Out?

Maximum Exposure Real Estate

How to Deal With Your Homeowners Association Many folks want to know if you can refuse to join a homeowners association or if a homeowners association can kick you out. These questions are often asked because of an unpleasant experience with an HOA. Knowing how to deal with a homeowners association is probably something most […] The post Can A Homeowners Association Kick You Out?

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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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5 mythunderstandings about real estate recruiting in 2023

Inman

Agents are more open to conversations when the market gets tough because they are looking for solutions that will help them get out of pain and help them thrive for months and years to come.

Agents 125
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Renting a U-Haul Truck: What You Need to Know

Maximum Exposure Real Estate

Renting a Moving Truck From U-Haul Are you going to need to rent a moving truck? Are you interested in renting a U-Haul truck? If you are moving from one home to another without using one of the best professional moving companies, a U-Haul rental should be near the top of your list. They are […] The post Renting a U-Haul Truck: What You Need to Know appeared first on Maximum Real Estate Exposure.

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Altisource sees rise in foreclosures as a path to profitability

Inman

The operator of real estate auction platform Hubzu reports a $53.4 million 2022 net loss, with revenue falling 15 percent to $144.5 million.

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A Real Estate Agent’s Guide to Generating Leads on Instagram

Broke Agent Media

Whether you’re a brand new agent or you’ve been at this a while, if you’re struggling with lead generation in today’s market, you need to read this. Sometimes, you just have to take a step back and start from the beginning to see what you’re missing and what’s really hurting your engagement on social media—including your ability to get leads. If you’ve noticed your Instagram presence is doing very little (or nothing) to generate leads, start by working through this guide.

Land 98
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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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A 6- to 24-month nurture-to-conversion plan for your leads

Inman

The work doesn't end once you have a lead. Here's how to turn that possibility into profitability with a month-by-month conversion plan.

Branding 144
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February Pending Sales Are Up for a Third Straight Month

Broke Agent Media

BAM Key Details: According to the National Association of REALTORS, pending home sales for February 2023 are up for the third consecutive month, rising 0.8% to 83.2% Three regions of the U.S. posted monthly gains, while the West declined. An index of 100 is equal to the level of sales contract activity in 2001, when NAR began tracking the data. The National Association of REALTORS® (NAR) announced a third monthly increase in its report on February pending sales , raising the Pending Home Sales

Sales 98
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Homebuyers and sellers played chicken as sales slowed in March

Inman

Realtor.com's latest monthly report reveals a market full of contradictions as mortgage rates continue to drive consumer sentiment and activity.

Sales 134
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Top Real Estate Tech Tools in 2023: T3 Tech 200

Broke Agent Media

BAM Key Details: T3 released its Tech 200 for 2023—the industry’s best-in-class tech products designed to help real estate professionals streamline their businesses. This year’s Tech 200 features 199 products from 78 companies. Tech tools for real estate professionals are endless—tools that can help you streamline your business from initial contact with a new lead to closing day (and everything in between).

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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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Why Remodel When You Can Refresh? New data shows delivering high-impact updates doesn’t have to cost a fortune

Inman

The concept of ‘home renovation’ is undergoing a transformation right now. Things that used to stop sellers in their tracks — bloated quotes, timelines without deadlines, and blind trust — are things of the past. Curbio is disrupting the industry with transparency, technology, and results.

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Commissions Lawsuit Granted Class Action Status

Broke Agent Media

BAM Key Details: On Wednesday, a federal judge granted class action status to home sellers accusing NAR, Anywhere, HomeServices of America, RE/MAX and Keller Williams of inflating seller costs. This is the second commissions lawsuit to turn into a class action—and has the potential to change how real estate agents are paid. Nearly a year after the Sitzer/Burnett commissions lawsuit turned into a class action, the larger Moehrl lawsuit was granted class-action status by U.S.

MLS 98
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Mauricio Umansky’s 7 steps for cultivating a high-performing team

Inman

Make sure you aren’t rushing into growth simply for growth’s sake when building your team, Mauricio Umansky writes. Take your time planning the structure of your company and figuring out what your ideal hire looks like.

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JPAR® - Corona Luxe Announces the Grand Opening of its Office in Corona, California

Realty Biz

JPAR® - Corona Luxe Realty, a new residential and commercial real estate office in Corona, is set to open its doors in April. This new addition to the city's business landscape is owned and operated by Lynette Andrea. A real estate practitioner with two decades of experience. JPAR® - Corona Luxe will offer a full range of real estate services to clients looking to buy, sell, or lease property in the Corona area.

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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.