Fri.Jan 13, 2023

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Single-family rental market slammed by headwinds

Housing Wire

The nation’s single-family investment-property sector and the lenders serving those borrowers face some major challenges in 2023 as rent growth is slipping, vacancy rates growing, home-value growth faltering, and a possible recession looms. . For the non-QM lenders serving the single-family investment-property space who have managed interest-rates well to stay ahead of the market, however, there’s still plenty of opportunity to pick up market share, industry observers argue. .

Marketing 448
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Key Terms To Know When Buying a Home [INFOGRAPHIC]

Keeping Current Matters

Some Highlights. Buying a home is a major transaction that can seem even more complex when you don’t understand the terms used throughout the process. If you’re looking to become a homeowner this year, it’s important to know these housing terms and how they relate to the current market so you feel confident throughout the homebuying process. Work with a trusted real estate professional who can answer any questions as they come up.

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The state of the homebuilding market

Housing Wire

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for this year, along with a roundtable discussion on how these insights apply to your business.

Marketing 493
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On a budget? 10 lead sources with no upfront costs

Inman

If you’re looking for a way to keep your upfront costs down but still have a steady flow of leads coming into your business, Jimmy Burgess recommends these companies.

Agents 174
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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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Mortgage volumes collapse for Wells Fargo, JPMorgan in Q4 2022

Housing Wire

Like its nonbank competitors, Wells Fargo , JPMorgan Chase and Bank of America operated in a highly challenging mortgage market in 2022. But quarterly earnings released on Friday also revealed that the top depository lenders struggled more than the overall mortgage market in the final three months of the year, perhaps an omen of what’s to come. “The fourth quarter results were weaker than we expected,” a team of mortgage lending analysts at Keefe, Bruyette & Woods wrote in

Mortgages 448
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Number of Realtors hits new record high for 4th-straight year

Inman

National Association of Realtors' membership edged ever closer to 1.6 million in 2022, but the real estate trade group expects a drop this year, according to data provided to Inman.

MLS 167

More Trending

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Keller Williams to pay $40M to settle cold call class action lawsuit

Inman

As part of the deal, the real estate franchisor also agreed to create a task force to 'enhance compliance' with the Telephone Consumer Protection Act.

Brokerage 167
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Waterstone Mortgage promotes Rico Garcia to VP

Housing Wire

Wisconsin-based mortgage lender Waterstone Mortgage Corp. promoted Rico Garcia to vice president of enterprise risk from director of quality control, portfolio risk management and vendor management. In his new role, Garcia will supervise the quality control, title services, portfolio risk management and compliance teams at the company. In addition, he will work with other teams to lead cross training and improve communication with both internal and external customers.

Mortgages 418
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8 social media trends to watch for (and take advantage of) in 2023

Inman

By staying up-to-date on these trends and adapting their social media strategies accordingly, real estate professionals can position themselves for success in 2023 and beyond.

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Past HW TECH100 honorees share their tech predictions for 2023

Housing Wire

In the midst of a challenging housing market, standing out from the crowd has never been more important. As nominations continue to roll in for the 2023 TECH100 award — nominations close today! — we’re seeing some impressive submissions from organizations working hard to stake their claim on the industry’s most prestigious list in housing tech.

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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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Ramping up referral business is more important than ever in 2023

Inman

Economic uncertainty is putting pressure on real estate agents' databases. Hot leads have simmered, and suddenly business is harder to come by. That's why referrals are more valuable than ever.

Agents 167
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Mortgage pros, quit overcomplicating the task at hand

Housing Wire

“Dominate The One’s” was born out my appreciation for a tactic that was taught to me some 32 years ago and my frustration with how we in sales try to overcomplicate the simplest tasks in business. The year was 1990. And in my sixth-grade English class, I learned one of the most important business lessons I still follow and teach. This is where I was introduced to K.I.S.S.

Mortgages 394
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2023 may turn out to be the year for loud quitting

Inman

Sometimes quitting is the right thing to do, writes broker Teresa Boardman. Having a plan first is a good idea but not absolutely required.

Agents 167
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Material Shortages Ease, With Notable Exceptions

Eye on Housing

In May of last year, Eye on Housing reported on historically widespread shortages of building materials. Since then, most of the shortages have eased; the major exceptions being shortages of HVAC equipment and certain categories of ceramic materials (ceramic tiles, clay bricks and cement-based building materials), which have gotten slightly worse. NAHB has been tracking shortages of building materials and.

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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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Mansion dubbed ‘The Invisible House’ hits market for $18M

Inman

Chris and Roberta Hanley designed a 5,500-square-foot home with mirrored glass to reflect the surrounding 70 acres of desert landscape near Joshua Tree National Park.

Marketing 167
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Luxury Real Estate Headlines: Second Week in January, 2023

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Charlotte, Vermont | Four Seasons Sotheby’s International Realty. Perched right on Lake Champlain sits a 12-acre Vermont listing embodying all the characteristics of artistic, pastoral New England living. Tour a $2.5M Lakefront Compound in Vermont Where All Things Artistic, Rustic, and Outdoorsy Meet – Cottages & Gardens.

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Construction platform Welcome Homes secures $29M Series A round

Inman

Era Ventures led the funding round for New York-based Welcome Homes, an online home construction platform that elevates the design and buy process of new property construction.

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U.S. Population Growth Rate Rebounds in 2022

Eye on Housing

According to the U.S. Census Bureau’s latest estimates, the U.S. resident population grew by 1,256,003 to a total population of 333,287,557. After a historically low growth rate of 0.16% between 2020 and 2021, the U.S. population grew at a rate of 0.38% between 2021 and 2022. The increase in the population growth rate reversed a 6-year trend of declining population.

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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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Inman’s Top 5 stories for the week of Jan. 6-12, 2023

Inman

Catch up on all of the latest news and this week's most-read stories. It's Inman's Top 5 for the week of Jan. 6-12, 2023.

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How To Find Buyer & Seller Leads In The Current Market

Easy Agent Pro

As a real estate agent, you know the importance of sustaining a steady and consistent flow of new leads. Often real estate agents tend to focus on either buyer leads or seller leads as their specialty in the market. While it is beneficial to know how to cater well to each type of lead, attracting both will help improve your career and increase profits in the long run.

Marketing 119
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City National Bank to pay at least $31M to settle redlining charges

Inman

The biggest redlining settlement in DOJ history is the fifth enforcement action since the launch of the initiative to combat redlining in 2021, with $75 million in relief to date. City National denied that it engaged in redlining.

Banks 166
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Canada’s Bank Regulator Wants Tighter Rules To Address Real Estate Risks

Better Dwelling

Canadian homebuyers might face stronger regulations around mortgage borrowing soon. Office of the Superintendent of Financial Institutions (OSFI), Canada’s bank regulator, is soliciting feedback on a series of new rules to reduce leverage and mitigate risk. Now that risk tools like the stress test have proved why they’re important, they’re seeking to address any gaps […].

Banks 112
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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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Engel & Völkers enters Central America with Costa Rican shops

Inman

The opening of two new shops in Playa Hermosa/Papagayo and Tamarindo marks the global luxury brokerage's first foray into Central America.

Brokerage 158
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8 Documents You’ll Likely Need For Tax Filings if You Sold a House

HomeLight

DISCLAIMER: This article is meant for educational purposes only and is not intended to be construed as financial, tax, or legal advice. HomeLight always encourages you to reach out to a professional advisor regarding your own situation. You sold your home last year and moved on with your life — literally. Congratulations! But now it’s tax time, and you want to get organized.

Sales 111
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Foreclosures, forecasts, fix-and-flips: What Attom’s data can tell us about 2023

Inman

Whether you’re a real estate agent or a homeowner, market conditions in 2023 are going to vary wildly across the country. Bernice Ross talks with Rick Sharga of Attom Data about what to expect next.

Agents 128
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Would You Dare To Buy Your Very Own Ghost Town? We Found 5 Legit Ones for Sale

Realtor.com

Realtor.com Ghost towns are inherently spooky. Full of memories, people, and buildings that have faded into dust, these forgotten places have been left to the elements. Stories about what happened in these places have been passed down through the decades, but much of their allure is in the eerie questions that will never be answered. For buyers in search of properties with a spectral element, we’ve found five fascinating Old West properties that have a history of haunting—or are at least h

Sales 108
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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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Writer’s block? Break it, with computer-vision backed ListAssist: Tech Review

Inman

ListAssist is an ideal solution for real estate marketing teams tasked with cranking out original copy day after day, the creatively drained agent and the tech-savvy team that wants to further automate business tasks they find tedious.

Agents 122
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Facebook, Microsoft pulling out of more Seattle-area offices

Seattle Times Real Estate

In the latest sign of change in tech — and softening of the office market here — Facebook and Microsoft are vacating buildings in Seattle and Bellevue.

Marketing 106
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What Documents Will I Need for Taxes if I Bought a House Last Year?

HomeLight

DISCLAIMER: This article is meant for educational purposes only and is not intended to be construed as financial, tax, or legal advice. HomeLight always encourages you to reach out to an advisor regarding your own situation. Sitting down to do your taxes in your new (to you) home, perhaps you already knew that you might need some documentation from your home purchase last year.

Mortgages 105
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An Early Litmus Test For The 2023 Market?

Toronto Realty Blog

TorontoRealtyBlog. Nothing quite like three blogs, 12,000 words, and a lengthy and spirited debate in the comments section to get us started this year, right? After reviewing “discussion points” three-through-ten this week, I thought because it’s Friday, we’d scale things back a little and adhere to the theme, “short and sweet.” Every January, no matter what the previous market cycle looked like, we all start the year by searching for those first few clues abo

Marketing 105
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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.