Tue.Oct 24, 2023

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Future Agents: What will next-gen real estate pros be like?

Inman

New technology is opening the door for a new generation of real estate professionals. Find out what broker Stuart Collier says they'll be able to do with the help of integrated tech.

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Video: If homebuyer demand is so weak, why aren’t home prices falling?

Housing Wire

Everyone knows that potential homebuyers are waiting for better affordability. But if demand for homes at current prices is down then why haven’t home prices fallen to meet the lower demand? The short answer is that while homebuyer demand is indeed low, new supply remains very low, too. For home prices to adjust significantly, we need an imbalance of supply versus demand, and this market is surprisingly balanced.

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The Perks of Selling Your House When Inventory Is Low

Keeping Current Matters

When it comes to selling your house, you’re probably trying to juggle the current market conditions and your own needs as you plan your move.

Marketing 358
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Anywhere shows Q3 profit in difficult housing market

Housing Wire

Despite stalling home sales in the third quarter, Anywhere Real Estate managed to deliver “considerable profitability.” The company closed the third quarter with $1.6 billion in revenue, which is 12% lower than Q3 2022, but $129 million in net income, an increase of 135% compared to the same time last year. “Anywhere led through a difficult housing market to deliver considerable profitability and achieve substantial debt reduction,” Ryan Schneider , Anywhere president and CEO said in

Marketing 459
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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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One remarkable year, and one resilient industry

Real Estate News

There’s been no shortage of news — and challenges — in the past 12 months. But real estate pros keep finding ways to win, and we’re proud to tell their stories.

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Patton Gade, top LO for VA loans, heads to UMortgage

Housing Wire

Patton Gade, the top producing loan officer for VA home loans in the U.S. last year, has joined brokerage firm UMortgage , the company announced on Tuesday. Arizona-based Gade, a graduate of the U.S. Military Academy at West Point, will continue to originate loans and hold the national director of military lending position at UMortgage. He’ll join forces with fellow veteran loan originator Jay Bunte in the brokerage firm.

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More Trending

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NAR CEO back on stand for second day of defense testimony in commission lawsuit trial

Housing Wire

KANSAS CITY, Missouri — National Association of Realtors CEO Bob Goldberg was back on the stand Tuesday morning at the start of the seventh day of the Sitzer/Burnett class-action buyer broker commission antitrust lawsuit. After undergoing questioning from Ethan Glass, NAR’s lead attorney on Monday, Goldberg faced Michael Ketchmark, the lead attorney for the plaintiffs, at the start of Tuesday’s proceedings.

MLS 448
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A day of heated cross-examinations in Sitzer/Burnett

Real Estate News

During a grinding morning of testimony, CEO Bob Goldberg repeatedly said NAR doesn't weigh in on commissions, while emotions ran high in the afternoon.

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Insellerate integrates its CRM solution with Finastra’s MortgagebotLOS

Housing Wire

Insellerate , a CRM provider serving banks, lenders and credit unions, announced an integration with Finastra ’s MortgagebotLOS and Originate solutions on Tuesday. Thanks to this latest collaboration, lenders who use Finastra’s software will benefit from a seamless, fully integrated CRM as well as a marketing automation solution. “Finastra has a long history of delivering innovative solutions to its customers,” Josh Friend, CEO of Insellerate, said in a statement. “With this i

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Tech Bytes: News from Lone Wolf, RealScout, Real Brokerage

Real Estate News

Lone Wolf unveils end-to-end platform; agent-client collaboration platform RealScout gets an upgrade; Real announces new app, enhanced AI and marketing tech.

Brokerage 264
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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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CoStar’s 50th quarter of double-digit revenue growth

Housing Wire

CoStar Group’s annual revenue increase of 12% during the third quarter of 2023 marked the 50 th straight quarter of double-digit revenue growth. The company reported revenue of $625 million and net income of $91 million, up 25% compared to a year ago, for the quarter. “We have diversified our revenue across counter-cyclical marketplaces, such as Loop Net and Apartments.com , while diversifying CoStar product revenue into broader verticals,” Andy Florance, CoStar’s founder and CEO, said during th

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Disruption expert shares recipe for success in tough times

Real Estate News

From lawsuits to AI, “the more uncertain the future, the more options you need,” innovation professor Luke Williams told attendees at the T3 Tech Summit.

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4 key partnerships to leverage for real estate success

Housing Wire

In my experience within the real estate industry, a fundamental lesson stands out: the power of partnerships. These collaborations represent opportunities to combine expertise, share resources and, ultimately, elevate real estate agents’ and clients’ real estate journeys. For me, it all started with joining a team. Belonging to a real estate team at the beginning of my career unlocked a door of endless possibilities, allowing me to network with other agents’ existing connectio

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CoStar to accelerate investment in Homes.com, posts revenue gains

Real Estate News

The company reported $625M in Q3 revenue and touted the growth of its residential portal, which it says is well-positioned should commission practices change.

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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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Thadious Fisher joins Livian as SVP of revenue

Housing Wire

Livian , a real estate platform for expansion teams, appointed Thadious “Thad” Fisher as senior vice president of revenue, the company announced on Monday. In this new role, Fisher will uncover new growth strategies and sales processes, and expand Livian’s market center teams. He’ll also help agents boost their production. “I’m thrilled and honored to join Livian, where we are incredibly focused on our mission to partner with the most talented teams in the country,

Agents 429
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CoStar posts 50th-straight quarter of revenue growth in Q3 earnings

Inman

CoStar Group earned $625 million in Q3, clinching its 50th consecutive quarter of revenue gains. The company also highlighted a 1,290 percent annual growth in Homes.com traffic.

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Bank regulators issue new Community Reinvestment Act rule

Housing Wire

The Office of the Comptroller of the Currency , the Federal Reserve Board and the Federal Deposit Insurance Corporation issued on Tuesday a new rule to modernize the 1977 Community Reinvestment Act (CRA), which addresses systemic inequalities in access to credit. Trade groups and fair housing associations applauded the changes, including the extension of the implementation timeline and recognition of Special Purpose Credit Programs (SPCPs) in a bank’s CRA rating.

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Despite revenue drop, Anywhere marks another profitable quarter

Inman

Anywhere Real Estate reported revenue of $1.6 billion and a profit of $129 million for the third quarter, ending with $151 million in cash and cash equivalents.

Brokerage 194
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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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RealScout launches seller lead nurture features

Housing Wire

Agent-client collaboration platform RealScout announced the launch of RealScout Pro+ on Tuesday, the first significant update to the platform since it was founded in 2012. “It was a long time coming,” Andrew Flachner , RealScout’s co-founder and president, said. “We have been the category leader in buyer nurture for many years now and we have been widely viewed by our customers as the best way to keep clients in an ecosystem that they have visibility and control over, but that was mainly around

Agents 413
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Buffett, Munger foresee ‘hollowed out’ downtowns on the horizon

Inman

Billionaire investor Warren Buffett and business partner Charlie Munger see long-term distress in commercial real estate, which could spell trouble for lenders and opportunity for investors. "The buildings don’t go away," Buffett said.

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Total Housing Completions Will Likely Increase Slightly in 2023; The Mix will Change

Calculated Risk Real Estate

This is an update to an article I wrote in May. Although housing starts have slowed, completions will likely increase slightly in 2023. This graph shows total housing completions and placements since 1968 with an estimate for 2023 based on completions through September. Note that the net additional to the housing stock is less because of demolitions and destruction of older housing units.

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Lesson Learned: Listen more than you speak

Inman

Find out how Jersey City real estate professional Diana Sutherlin puts her background in acting and marketing to work to improve client relationships.

Marketing 190
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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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How to Turn Your Rental Property Profits into a Huge Real Estate Portfolio

Bigger Pockets

Your real estate business has come across a little money. Maybe you’ve just sold an investment property for a large profit or increased your W2 income.

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Rocket subsidiary Lendesk launches mortgage AI assistant

Inman

Lender Spotlight AI Assistant sifts through the finer points of more than 7,000 mortgage options to help brokers identify the right product and answer clients' questions.

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COURT UPDATE: Goldberg Forceful on Cross as Plaintiffs Launch Full-Court Press on Commissions

RIS Media

KANSAS CITY—After the National Association of REALTORS® (NAR) kicked off their defense in the Burnett class-action commission trial yesterday, Mike Ketchmark, lead counsel for the plaintiffs, took his best shots against NAR CEO Bob Goldberg—who gave as good as he got in several combative interactions. The plaintiffs’ case hinges on convincing a jury that the… The post COURT UPDATE: Goldberg Forceful on Cross as Plaintiffs Launch Full-Court Press on Commissions appeared first on RISMedia.

MLS 127
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Livian names former eXp executive Thad Fisher as SVP of Revenue

Inman

Livian, the Keller Williams mega team, has named Fisher as its senior vice president of revenue. The former eXp vice president of global growth will oversee Livian's growth strategy and market center expansion efforts.

Marketing 183
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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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Rent Prices Dip for Fifth Straight Month

RIS Media

Rents in the 50 largest metros dropped to $1,747 in September, down $29 from the peak seen in July 2022, according to a new report from Realtor.com. Realtor.com’s September Rental Report found that rent prices, while still significantly higher than pre-pandemic levels, dipped on an annual basis for units of all sizes. Additionally, an uptick… The post Rent Prices Dip for Fifth Straight Month appeared first on RISMedia.

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17 ways to audit your online content as Sitzer | Burnett unfolds

Inman

Are some of the issues coming out in the bombshell trial making you uneasy about your digital footprint? Find out what to check and how to make sure that your online content is kept current.

Brokerage 183
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Committing to Continuous Education

RIS Media

Above: Elaine Graf Real estate professionals are some of the hardest workers out there, always grinding for their business and the clients they serve. As they push every day to be the best, those who have demonstrated outstanding service, skill and professionalism in serving buyers deserve to be recognized. Going above and beyond for each… The post Committing to Continuous Education appeared first on RISMedia.

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RealScout Pro+ is company’s ‘most significant update since launch’

Inman

The platform update is called RealScout Pro+, and it's highlighted by Auto Nurture, a functionality that will automate outreach efforts to new and previous CRM entries. The intent is to stimulate scaling for teams and agents as the industry trudges through a multi-faceted slowdown.

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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.