Fri.Jun 02, 2023

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Jobs data shows the truth about the labor market

Housing Wire

We’ve had some odd job reports over the years, but the key is to always follow the trend. That’s especially important with Friday’s data , which showed 339,000 jobs were created in May even while the unemployment rate increased. As someone who wrote that we should get job openings toward 10 million in this expansion, I am always mindful of my other labor talking point.

Marketing 384
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Federal plan aims to root out racial bias in home appraisals

Real Estate News

The PAVE task force, a joint venture of HUD and other agencies, presented an action plan to address appraisal bias and increase diversity in the industry.

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Mat Ishbia talks the ‘loser mentality,’ the controversial ‘ultimatum’ and the years ahead

Housing Wire

Mat Ishbia is optimistic about the mortgage market. The Pontiac, Michigan-based United Wholesale Mortgage (UWM) CEO believes that 2022 and 2023 are equally challenging years, but the market will improve in 2024. Meanwhile, 2025 and 2026 will be off the charts. What does Ishbia think about surging mortgage rates , lack of housing inventory and monetary and policy pressures ?

Loans 354
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Buyers most likely to turn to agents with financing questions

Real Estate News

A survey of homebuyers reveals which parts of the financing process buyers understood the least, and how agents can add value through financial education.

Finance 231
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The 4 Most Impactful Actions to Take in Real Estate in 2024

Strategic real estate professionals know that the name of the game right now is to stay informed, adaptable, and ready to make confident decisions. In this free download, Inside Real Estate CEO, Joe Skousen, shares what he believes are the top 4 most impactful actions in real estate right now. We've been actively engaging with industry experts, analyzing data, and listening intently to the experiences of our agents on the ground.

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May jobs report complicates things for the Fed

Housing Wire

The Federal Reserve already had some tough decisions to make at its meeting later this month and the May jobs report is not making things any easier. Job growth surprised economists yet again in May, with total nonfarm payroll employment rising by 339,000 jobs compared to April , according to data released Friday by the Bureau of Labor Statistics.

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Zillow to showcase agents, lenders in new ad campaign

Real Estate News

The company wants consumers to think of the search portal as an all-in-one destination for not only homes, but also real estate pros.

Agents 227

More Trending

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Reasons To Own Your Home [INFOGRAPHIC]

Keeping Current Matters

June is National Homeownership Month, and it’s a perfect time to think about all the benefits that come with owning your home.

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Will AI replace real estate agents?

Inman

While AI has the potential to automate and certainly enhance many aspects of the real estate industry, writes California Realtor Ken Sisson, it is unlikely to replace human agents completely anytime soon.

Agents 150
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Luxury Real Estate Headlines: First Week in June 2023

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Olive, New York | Four Seasons Sotheby’s International Realty The country estate sits on more than 10 acres of private property. Penn Badgley’s Catskills Home Lists for $1.7 Million – Architectural Digest A Huge Sonoma Mansion Hits the Market for $15 Million – Bloomberg Live Like a King Atop Helsinki’s Marble Palace – Mansion Global In Puerto Rico, High-End Homes Sell for as Much as $40 Mi

Sales 126
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Robert Reffkin’s mom, Ruth, has joined Compass’ Garson Team

Inman

The senior Reffkin's move to the social media-forward team will create a cross-generational collaboration that capitalizes on combining varied skill sets to best help clients, Inman exclusively learned.

Brokerage 139
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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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Former Hudson Jewelry Store and Coffin Manufactory, Yours for $1.25 Million

Brownstoner

One of the brightly painted facades along Hudson's main shopping street, this 19th century brick building has had an equally colorful commercial history as a spot to buy goods ranging from clocks to coffins. The exact construction date of the three-story Italianate on the market at 524 Warren Street is not… Read More > The post Former Hudson Jewelry Store and Coffin Manufactory, Yours for $1.25 Million appeared first on Brownstoner.

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ChatGPT plugin to empower Zumper search experience

Inman

Machine learning has been a component of Zumper's overall solution for some time, but its ChatGPT use will enhance consumer-facing interactions primarily in terms of search, according to the company.

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From Living in a Van to Conquering One of America’s Most Expensive Markets

Bigger Pockets

“I was willing to make the short-term sacrifice of living in a van for the long-term benefit of living the way I want to.” Could you do this? Read this inspiring story of an investor who came from humble beginnings.

Investor 109
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Quality control standards for AVMs may cover discrimination

Inman

Proposed standards would include random sample testing and reviews to ensure a "high level of confidence" in the estimates produced by AVMs.

Mortgages 148
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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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A Red Hook Wood Frame With Parking and Three More to See, Starting at $1.25 Million

Brownstoner

Our picks for open houses to check out this weekend are found in Red Hook, Bay Ridge, Bed Stuy, and Flatbush. They range in price from $1.25 to $1.6 million. 327 East 25th Street Price: $1.6 million Area: Flatbush Broker: Compass (Anderson Toney) Sunday June 4, 1 - 3 p.m. See it here -> 381 Decatur… Read More > The post A Red Hook Wood Frame With Parking and Three More to See, Starting at $1.25 Million appeared first on Brownstoner.

Marketing 101
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Your Inbox Zero obsession won’t make you a better agent

Inman

In his first column for Inman, Jay Papasan, the co-author of "The One Thing," says that while Inbox Zero is held up as a productivity ideal, it's not necessary for streamlined email management.

Agents 132
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Mortgage Mix: Modest Decline in Rates and Applications

RIS Media

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. According to Mortgage News Daily, the 30-year fixed-rate mortgage currently sits at 6.85% (rates had reached 7.05% on May 22, 2023). The 15-year fixed-rate mortgage sits at 6.23%, a decline of 0.13% from the May… The post Mortgage Mix: Modest Decline in Rates and Applications appeared first on RISMedia.

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SEE: Inside ‘Fifteen,’ The Agency’s first-ever NYC luxury condo project

Inman

The brokerage launched sales this week for its first-ever luxury condo new development project in The Big Apple. Sales agent Shane Boyle filled Inman in on all the juicy details, including the unparalleled views.

Brokerage 125
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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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Social Media Savvy: How Fostering a Sense of Authenticity Builds Trust and Credibility

RIS Media

Lauren Matera, team leader of the Revel Home Team When the world shut down due to COVID-19, Lauren Matera had her hands full homeschooling three kids, on the hunt for something that was both purposeful and intentional for her. Something that she could pour her energy into, that was financially beneficial. Not willing to blend… The post Social Media Savvy: How Fostering a Sense of Authenticity Builds Trust and Credibility appeared first on RISMedia.

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Hiring in real estate ramps up — but lags behind other industries: Labor

Inman

May was a strong hiring month for the U.S. as a whole. But in a down market, real estate didn't quite keep pace, according to new jobs data released Friday by the Bureau of Labor Statistics.

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Rents Exceed Housing Payments In Just Four Markets—Are The Days Of Cash Flow Over?

Bigger Pockets

With rising mortgage rates, finding cash flow has only gotten harder. What is it about these four markets that you can cash flow?

Marketing 115
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A 4-decade first, TopProducer rolls out lead-gen features

Inman

"Before coming to the market with our first lead product to connect consumers with real estate professionals, we wanted to create even more meaningful conversations for agents by enhancing our proven lead engagement technology," TopProducer's Kerm Foltz said.

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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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Year-over-year Rent Growth Continues to Decelerate

Calculated Risk Real Estate

Tracking rents is important for understanding the dynamics of the housing market. For example, the sharp increase in rents helped me deduce that there was a surge in household formation in 2021 (See from September 2021: Household Formation Drives Housing Demand ). This has been confirmed (mostly due to work-from-home), and also led to the supposition that household formation would slow sharply now (mostly confirmed) and that asking rents might decrease in 2023 on a year-over-year basis.

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UrbanDigs launches custom advisory service for NYC agents

Inman

Reports from UD Advisor examine listings and specific situations with hyper-local market data, relevant sales and custom analytics from UrbanDigs to provide agents with actionable, data-based recommendations for their businesses, Inman has exclusively learned.

Agents 113
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Getting a Bigger Bite of the Boroughs: A New York City Real Estate Story Reported Demise of the City Greatly Exaggerated

Realty Biz

Results of the 2020 U.S. Census revealed that New York City – comprised of five regions called boroughs – was in the midst of tremendous population growth. Population increases were strongest in Brooklyn (9.2 percent), followed by Queens (7.8 percent), Manhattan (6.8 percent), the Bronx (6.3 percent), and Staten Island (5.8 percent). Then COVID hit.

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Mortgage rates ease on debt deal, but jobs report fuels inflation fears

Inman

Friday's strong jobs report renews worries that the Federal Reserve is not done hiking rates to combat inflation as policymakers face June 14 decision to "hike, skip or pause.

Mortgages 110
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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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9 States With No Income Tax

Bigger Pockets

Investing in these states with no income tax may allow you to keep more money in your pocket each year.

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Tick, tick, boom: The Download on the bombshell commission suit

Inman

Each week on The Download, Inman’s Christy Murdock takes a deeper look at the top-read stories of the week to give you what you’ll need to meet Monday head-on. This week: We move a step closer to the courtroom as the bombshell lawsuit's judge sets a window for scheduling the upcoming trial.

Brokerage 109
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Smart Home Automation: Simplifying Your Life with Intelligent Systems

Realty Biz

In today's fast-paced world, where time is a valuable resource, smart home automation has emerged as a game-changer. With the integration of intelligent systems, homeowners can now simplify their lives by automating various tasks. From controlling lights and thermostats to managing security and entertainment systems, smart home automation offers a wide range of convenience and time-saving benefits.

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SphereBuilder, another social media engine or something more? Tech Review

Inman

SphereBuilder offers listing marketing, marketing analytics, ideas for improving your online presence and a host of features to produce and measure digital marketing.

Marketing 112
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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.