Housing Wire
JULY 17, 2023
With real estate inventory at a near-record low, buyers seeking a place to call home are facing stiff competition as bidding wars continue to be commonplace. In such an environment, buyers may feel pressure to bypass steps in the transaction to make their bid more attractive to the seller, but they should be wary that taking shortcuts can expose them to fraud.
Real Estate News
JULY 17, 2023
The company's "right to list" agreements gained national attention in December, and civil and legislative actions are ongoing.
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Housing Wire
JULY 17, 2023
Intercontinental Exchange (ICE) and Black Knight agreed to sell Black Knight’s product and pricing engine unit Optimal Blue business to a subsidiary of Canada’s Constellation Software in an effort to save the merger deal. The $700 million proposed transaction includes a payment by Constellation of $200 million in cash, with the remainder financed by a $500 million promissory note issued by Constellation to Black Knight, as a subsidiary of ICE, at the closing of the transaction, the two companies
Keeping Current Matters
JULY 17, 2023
If you’re following the news today, you may feel a bit unsure about what’s happening with home prices and fear whether or not the worst is yet to come.
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Housing Wire
JULY 17, 2023
Angelo Robert Mozilo, the founder of Countrywide Financial , died from natural causes this weekend, his family announced. He was 84 years old. Mozilo was a pioneer of the mortgage industry, though a deeply controversial figure. “Independent of how people outside of the industry may perceive this man, insiders know what an incredible force he was,” his son Eric Mozilo wrote in a LinkedIn post. “Over his span of 50 years, he dedicated his life to delivering the American dream
Inman
JULY 17, 2023
Not all real estate is created equal, and specializing in new developments requires its very own skill set, distinct from the resale market. If you’re thinking about getting into new development sales, here are five key considerations.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Inman
JULY 17, 2023
Undeterred by elevated mortgage rates, homebuyers battling over scant inventory pushed June's median sales price to the second-highest level in history, according to new data released Monday by Redfin.
Housing Wire
JULY 17, 2023
The continuous development of loss mitigation tools and practices in the mortgage industry will play an essential part in preventing future foreclosures, but additional safety nets — particularly for those mortgage customers who belong to historically disadvantaged populations — will play a critical role in thinning the racial wealth gap. One such tool rests with mortgage reserve accounts (MRAs).
Inman
JULY 17, 2023
It’s no secret the real estate market in most places isn’t exactly on fire. While that can be demoralizing for agents, there are ways to keep motivation high and business streaming in.
Housing Wire
JULY 17, 2023
Having recently attended the RealTrends Gathering of Eagles and DealMakers conference in Austin, I can honestly say it’s some of the best money I have ever spent on a conference in 20+ years. Within three hours at DealMakers, I already learned enough information to more than justify the time and money invested. The world of real estate brokerage mergers and acquisitions has been turned on its head in the past 12 months.
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.
Inman
JULY 17, 2023
Decades before accepting travel from real estate developer Harlan Crow, the Supreme Court justice received a Super Bowl ring from Dallas Cowboys owner Jerry Jones, according to reports.
Housing Wire
JULY 17, 2023
The United States Supreme Court released its calendar of oral arguments for its 2023-24 term late last week, and is wasting no time in hearing oral arguments in a case that could decide the fate of the Consumer Financial Protection Burau (CFPB). The Court will hear oral arguments for Consumer Financial Protection Bureau v. Community Financial Services Association on Oct. 3, the second day of its new session, according to the released calendar as first reported by USSC-dedicated news outlet SCOTU
Inman
JULY 17, 2023
Now, about four years after sales first launched, Related Companies is offering price cuts and to cover buyers' closing costs and taxes among other incentives, to try and move more units as sales lag behind expectations, according to a report.
Housing Wire
JULY 17, 2023
The share of mortgage loans in forbearance decreased by five basis points in June 2023 relative to May 2023 to 0.44% from 0.49%, according to the Mortgage Bankers Association ’s (MBA) monthly Loan Monitoring Survey. Since March 2020, mortgage servicers have provided forbearance to approximately 7.9 million borrowers and 220,000 homeowners are currently in forbearance plans.
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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.
Inman
JULY 17, 2023
In this Inman Access video, top agents Jordan Cohen and Santiago Arana discuss what it takes to win listings along with the tactics and strategies they recommend focusing on to see success.
Housing Wire
JULY 17, 2023
The real estate sector is constantly evolving, and one technology has emerged as a true game changer: virtual reality (VR). With its captivating and immersive experiences, VR has captured the attention of industry stakeholders, unlocking vast untapped potential. While VR has transformed various industries, it is in real estate where its impact truly shines.
Inman
JULY 17, 2023
Summer is in full swing, and the real estate market is heating up along with the weather. It's time to update your marketing for the season, Rainy Hake Austin writes.
RIS Media
JULY 17, 2023
Above: Pam Rosser Thistle The motto “there is no ‘I’ in team” usually refers to sports, but it works equally well for REALTORS®. In fact, it extends even more dramatically to “there is no ‘I’ in real estate sales.” Pam Rosser Thistle, a REALTOR® with Berkshire Hathaway HomeServices (BHHS) Fox & Roach, REALTORS® in Philadelphia,… The post ‘Open Team’ Concept Suits Berkshire Hathaway HomeServices Agent Pam Thistle to a Philly Tee appeared first on RISMedia.
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.
Inman
JULY 17, 2023
The founder of RH Consultants & Associates in Long Island, New York, oversaw projects on behalf of Target, Nike and others while allegedly carrying out a string of murders between 1996 and 2011.
Calculated Risk Real Estate
JULY 17, 2023
In November 2021, I wrote Inventory will Tell the Tale and recounted how changes in housing inventory had helped me forecast the housing market at several key points. I believe inventory will tell the tale. That is why I watch inventory closely. So, based on the low level of inventory in March 2022, I wrote Housing: Don't Compare the Current Housing Boom to the Bubble and Bust , and I expected a decline in real house prices (inflation adjusted), and little decline in nominal prices.
Inman
JULY 17, 2023
So which outdoor amenities are particularly in-demand among luxury buyers in today's market? Here are six of the most frequently requested — and why they matter.
RIS Media
JULY 17, 2023
Working in real estate, you understand the importance of pre-sale updates, but your clients may not. Also, when you first bring up home improvement projects, your clients’ minds will likely jump to large-scale renovations that can only add to their hesitation. These intensive projects may not be the answer. Instead, a refresh may be the… The post Less is More: Get Clients to Get on Board With an Impactful Refresh appeared first on RISMedia.
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.
Inman
JULY 17, 2023
Ahead of Inman Connect Las Vegas in August, the Papasan Properties Group co-founder revealed how she leverages herself by hiring others and tapping her network to grow her businesses.
RIS Media
JULY 17, 2023
What kind of agent are you? Are you someone who values the culture of your independent brokerage above all else? Have you become an unyielding advocate for an in-office work environment? Do you change companies regularly in pursuit of the right opportunity? All these values and goals—your real estate identity—are yours, and there are no… The post Splits Are Shrinking—How Will You Protect Your Earnings?
Inman
JULY 17, 2023
While veteran agents don't have a time machine, these are the things we'd tell ourselves if we could go back to Day One, Stephen Meadows writes.
RIS Media
JULY 17, 2023
Whether you’re keeping your real estate testimonials on LinkedIn or your personal website or are more old-school and have them filed away in letters, cards and emails for a rainy day, these best practices will help you maximize and leverage their potential. Here’s how: Make testimonials part of your email marketing strategy When you send… The post 5 Ways to Get More Out of Your Real Estate Testimonials appeared first on RISMedia.
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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.
Inman
JULY 17, 2023
Technology company Chime offers an array of marketing and agent sales support features centered around its CRM solution. To fill gaps along the way, or enhance an existing benefit, it’s linked up with an array of similarly aligned proptechs like BoxBrownie, the companies announced.
Eye on Housing
JULY 17, 2023
Over the first five months of 2023, the total number of single-family permits issued year-to-date (YTD) nationwide reached 357,143. On a year-over-year (YoY) basis, this is 24.7% below the May 2022 level of 473,997. Year-to-date ending in May, single-family permits declined in all four regions. The Northeast posted the lowest decline of 14.7%, while the West region reported the steepest.
RIS Media
JULY 17, 2023
Regarding managing wastewater, two primary options are available: a septic system and a public sewer. Both systems handle and treat wastewater but differ in infrastructure, maintenance and costs. Understanding the differences between a septic system and public sewer is essential for homeowners, as it affects their daily lives, expenses and environmental impact.
BubbleInfo
JULY 17, 2023
In normal times, around 60% of all listings would sell. During the hottest frenzy times, it was up over 80%! But now with the number of active listings rising like a rocket, it probably means a couple of things: The 2023 selling season is closing out.
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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