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 417
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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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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 469
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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 167
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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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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 417
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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 161

More Trending

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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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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 161
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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 383
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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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Bess Freedman, Serhant butt heads (again) after bizarre pitch to BHS

Inman

In a bold move to start the new year, a SERHANT. representative pitched the brokerage's training and coaching programs to BHS CEO Bess Freedman, although BHS already has its own in-house programs.

Brokerage 161
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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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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 160
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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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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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Bernie Madoff’s penthouse pulled from market: No buyers

Inman

The three-bedroom, three-and-a-half-bathroom property at 133 E. 64th St. on the Upper East Side sat on the market for 7 months without an offer, according to a report.

Marketing 161
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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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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 161
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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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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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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 161
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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 105
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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 161
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The housing market’s unlikely darling: Hartford, Connecticut

Real Trends

The city of Hartford, Connecticut, doesn’t typically make national news headlines. So when Steve Lucca, a local Keller Williams agent and leader of the top-performing iCONN Realty Group , saw the Greater Hartford area named as Realtor.com’s top market for 2023 , he was jazzed. “They are predicting that we are going to the number one most active, busiest real estate market in the country,” Lucca said.

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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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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 155
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“Goonies” Superfan Buys Home from Film

Broke Agent Media

The mystery buyer of the iconic “Goonies” house has been revealed. Behman Zakeri, a serial entrepreneur and “Goonies” superfan, purchased the house for $1.65 million after just six days on the market. Source: RETO Media. 37 Years of Fame. The property in Astoria, Oregon, was an iconic part of the 1985 film The Goonies , which quickly became a cult classic and remains an adventure film that people of all ages love.

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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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Fannie Mae’s Home Purchase Sentiment Index Rises as Home Prices Fall

Broke Agent Media

BAM Key Details: . The Fannie Mae Home Purchase Sentiment Index® (HPSI) rose 3.7 points in December 2022 to 61.0. That number is just slightly higher than the all-time low set in October. . Only 21% of respondents said it’s a “good time to buy,” but that’s more than the 16% from October and November. The Fannie Mae Home Purchase Sentiment Index® (HPSI) rose 3.7 points in December 2022 to 61.0.

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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.

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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 124
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Hit the Ceiling! 5 Ways To Decorate Your ‘Fifth Wall’ for Maximum Impact

Realtor.com

Photos via Houzz Back in the day, you might have pinned a poster of your latest heartthrob to your ceiling. And then later, maybe you draped a dark pink tapestry across the overhead light so a rosy glow would bathe your bedroom. Sure, these were juvenile stabs at ceiling decor. But why must the go-to look for adult ceilings be basic white paint? Or maybe (gasp!

Design 97
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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 119
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The 15 Best Real Estate Closing Gifts For Buyers & Sellers

Kyle Handy

Are you looking for the perfect real estate closing gifts for your client? Closing gifts are a gesture you should take with all your clients to maintain a long-lasting relationship with them, build your sphere of influence, and get referrals. Not to mention, it’s the perfect way to celebrate your client’s new beginning. In this post, I’ll share a list of the top 15 real estate closing gifts for your clients, whether you’re looking for something techy, practical, edible, f

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Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

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.