Keeping Current Matters
FEBRUARY 17, 2023
Some Highlights The biggest challenge in the housing market is how few houses there are for sale compared to the number of people who want to buy. The number of homes for sale is up from last year but below pre-pandemic numbers, and that means we’re still in a sellers’ market.
Housing Wire
FEBRUARY 17, 2023
Brady Torgerson, former president of First Security Bank-West , was sentenced to two years in prison for two counts of bank fraud he conducted between 2019 and 2021 when working for the North Dakota-based bank and Union Bank as a loan officer. Three others were also sentenced in connection to the fraud. When Torgerson was president of First Security Bank-West, he funded loans without obtaining necessary financial information, security interest documents or promissory notes, the U.S.
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Real Estate News
FEBRUARY 17, 2023
The software company zavvie has introduced its cash offer and buy-before-you-sell products to brokerages in 11 states, with plans to expand later this year.
Housing Wire
FEBRUARY 17, 2023
Mike Simonsen, president of Altos Research , will share his data-focused insights on the housing market at Gathering of Eagles 2023. Join Simonsen and other data-obsessed attendees for a “Power Lunch,” on Tuesday, June 20. There’s no need to eat lunch alone at Gathering of Eagles. During Simonsen’s presentation, not only will you break bread with fellow housing industry leaders, but attendees will also get the latest information on the housing market and learn how that data can transform their b
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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 17, 2023
A family business joins BHGRE, KW opens in Germany, Howard Hanna launches community-based mortgage company, SIR grows in Texas, and more brokerage news.
Housing Wire
FEBRUARY 17, 2023
Rent-to-own startup Divvy Homes has reportedly conducted a new round of layoffs on Wednesday, which included cuts to a number of high-level positions. This is at least the second round of layoffs for the company in the last six months. Divvy has yet to confirm the layoffs, which were first reported by Inman. However, a number of former employees have posted to LinkedIn about the layoffs, and at least six employees were affected, including a software engineer and a senior project manager. “
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
FEBRUARY 17, 2023
Americans’ debt balances continued to compound in 2022 as inflation put pressure on budgets and the cost of borrowing increased. Aggregate household debt, which includes all outstanding credit market debt held by consumers, increased by $394 billion in the fourth quarter of 2022 alone, according to the Federal Reserve Bank of New York ‘s Q4 Household Debt and Credit report — and mortgage balances were no small part of the equation.
Inman
FEBRUARY 17, 2023
In Inman's latest Access class, watch Clelia Peters and Liza Benson discuss the new opportunities artificial intelligence technologies will bring to the real estate industry.
Housing Wire
FEBRUARY 17, 2023
Servicers know all about the regulatory complexity — whether the rules are coming from the state or federal level or the Consumer Financial Protection Bureau (CFPB) – that often leaves them in a constant state of audit and exam. With so much at risk, servicers must find ways to be preventative and proactive to ensure compliance and longevity. “When you think about the current mortgage servicing landscape, it’s complex,” said Kristin Broadley, Chief Innovation Officer at QC Ally.
Inman
FEBRUARY 17, 2023
The agents who utilize this technology will become more efficient and productive, freeing up time for building the relationships needed to grow their businesses.
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.
Housing Wire
FEBRUARY 17, 2023
Fintech Figure Technologies will partner with NovaWulf Digital Management to provide blockchain technology solutions for a proposed reorganization of troubled crypto lender Celsius. The partnership was made public by Figure on Thursday and comes a day after an announcement from Celsius — which filed for bankruptcy in July 2022 — that it will be acquired by NovaWulf.
Inman
FEBRUARY 17, 2023
"Realistically in this market, this is what it's worth – it's priced to sell," said Shawn Elliott of Nest Seekers, one of the agents who listed the property last week.
Eye on Housing
FEBRUARY 17, 2023
NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that cash purchases made 11.2% of new home sales in the fourth quarter of 2022—the largest share since 1990. The share of cash purchases has climbed each of the past four quarters and six of the last seven. Although the median prices.
Inman
FEBRUARY 17, 2023
Redfin Premier services will now be available to homebuyers across 28 markets. The brokerage also announced new designs for its Redfin Premier Agent profiles and listings.
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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.
Eye on Housing
FEBRUARY 17, 2023
According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, during the fourth quarter of 2022, single-family attached starts totaled 37,000, which is 8% lower than the fourth quarter of 2021. Over the course of 2022, townhouse construction starts totaled 148,000 units, which is effectively unchanged from 2021.
Inman
FEBRUARY 17, 2023
The ebb and flow of the real estate business can be affected by the seasons, the economy and more. Luxury agent Amie Quirarte shares ways to weather the slow times while building your business.
Sotheby's International Real Estate
FEBRUARY 17, 2023
Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Pinecrest, Florida | ONE Sotheby’s International Realty David Ortiz, the former Boston Red Sox slugger, purchased the property for $1.5 million and built a roughly 10,200-square-foot home with five bedrooms. David ‘Big Papi’ Ortiz Asks $12.5 Million for Miami-Area Mansion – The Wall Street Journal 1930s Key West, Florida, Cottage Lists for $3.775 Million – Mansion Global Five of the
Inman
FEBRUARY 17, 2023
Integration of Wolters Kluwer's eNote and eVault capabilities into Black Knight's digital closing solution, Expedite Close, eliminates the need for multiple vendors.
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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.
HomeLight
FEBRUARY 17, 2023
DISCLAIMER: This article is meant for educational purposes only and is not intended to be construed as financial, tax, or legal advice. When considering taxes on selling a house in Washington State, HomeLight always encourages you to reach out to a professional advisor regarding your own situation. When you sell a home in Washington State, you can expect to pay some sizable transfer taxes.
Inman
FEBRUARY 17, 2023
Knowledge is power, so it's essential to know all there is to know about listings. Here's how to avoid the top mistakes listing agents make.
Broke Agent Media
FEBRUARY 17, 2023
On this week’s episode of the Knowledge Brokers Podcast , Byron Lazine and Tom Toole start with rising mortgage rates, which reached 6.75% yesterday and are inching closer to 7%. They discuss their expectations for the first quarter of 2023, given the continued decline in housing inventory , along with the 7.7% drop in mortgage demand. The conversation turned to a CNBC video with Redfin CEO Glenn Kelman saying, “ We’re still at half the housing inventory of 2016–2019 ,” with both Byron and Tom
Inman
FEBRUARY 17, 2023
Luxury home sales slowed faster than lower-priced homes. Crypto, tech stocks and proptech values plummeted. Is the slowdown impacting wealthy buyers more?
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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.
Maximum Exposure Real Estate
FEBRUARY 17, 2023
How Long Will It Take to Close Once an Offer is Accepted? Are you wondering how long it takes to close on a house? The time to close can be a mystery to many buyers who have never purchased. One of the questions I get asked from home sellers is what they can expect the […] The post Average Time to Close on a House? appeared first on Maximum Real Estate Exposure.
Inman
FEBRUARY 17, 2023
Money, glamour and excitement are part of a career in real estate, as are hard work, long hours and responsibility. Find out if you have what it takes to create and maintain a successful real estate practice.
Maximum Exposure Real Estate
FEBRUARY 17, 2023
Affordable Home Staging Tips Are you wondering how to stage a house for sale inexpensively? Many potential sellers are wise to look for cheap staging tips. When trying to sell your home, you know that it is crucial to give an excellent first impression to buyers – and part of that good impression requires staging […] The post Staging a House on a Budget With These Tips appeared first on Maximum Real Estate Exposure.
Inman
FEBRUARY 17, 2023
KeyPleaz is a showing and real estate task outsourcing app for iOS and Android operating systems.
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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.
Lighter Side of Real Estate
FEBRUARY 17, 2023
You certainly don’t have to take classes or pass an exam if you want to sell your house. All you have to do is hire a great real estate agent who had to do both of those things in order to help you sell your house quickly and for the most money possible. Even if you took the same classes and tests your agent took to become an agent, it’d be difficult for you to know everything you need to know.
Inman
FEBRUARY 17, 2023
Catch up on the most-read stories of the week, as determined by Inman readers. Here's Inman Top 5 for Feb. 10-16, 2023.
Broke Agent Media
FEBRUARY 17, 2023
BAM Key Details: Results from the latest Delta Real Estate Leadership Survey reveal brokers’ top challenges in 2023. Respondents are in leadership positions in the firms collectively responsible for over 60% of all real estate transactions in 2022. The entire real estate industry is ready to face a rocky year ahead. But what are brokers’ top challenges in 2023?
Inman
FEBRUARY 17, 2023
Plunk envisions its data API assisting users in the same way a stock ticker does Wall Street investors, by helping them make critical decisions with the most prompt business information.
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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.
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