Housing Wire
JULY 31, 2023
Homeowners with a mortgage rate above 5% are nearly twice as likely to say that they plan to sell their home than those paying a rate below 5%, according to Zillow’s quarterly survey report. Additionally, the survey found that about 80% of mortgage holders reported having a rate of less than 5%, while 90% reported having a rate of less than 6%.
Keeping Current Matters
JULY 31, 2023
While this isn’t the frenzied market we saw during the ‘unicorn’ years, homes that are priced right are still selling quickly and seeing multiple offers right now.
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Housing Wire
JULY 31, 2023
Rocket Companies announced major leadership changes on Monday. The company appointed Varun Krishna, a veteran in the financial technology world who held executive positions at Intuit and PayPal , as its new CEO. In addition, Bob Walters has informed the board of directors of his intention to retire from his role as CEO of Rocket Mortgage and president and Chief Operating Officer of Rocket Companies.
Real Estate News
JULY 31, 2023
In a letter to members, Cory Shepard vowed to lead the organization into a new chapter after the former CEO was accused of embezzlement.
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Housing Wire
JULY 31, 2023
Many U.S. banks have tightened their lending standards for residential real estate (REE) loans and home equity lines of credit (HELOC) in the second quarter amid the collapse of regional banks and a cascade of interest rate hikes by the Federal Reserve to tame inflation. Banks expect to further tighten standards for the remainder of the year, according to the Fed’s quarterly senior loan officer opinion survey (SLOOS) released on Monday.
Real Estate News
JULY 31, 2023
Nationwide, luxury home prices are still on the rise, but several Western cities have experienced double-digit declines in the past year.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Inman
JULY 31, 2023
Ahead of his appearance at Inman Luxury Connect, the Spears Group founder told Inman demand for trophy properties or highly unique listings is at an all-time high throughout North Florida.
Housing Wire
JULY 31, 2023
The Credit Union National Association (CUNA) late last week released two comment letters expressing the association’s agreement with proposed rules on bolstering borrower protections for Property Assessed Clean Energy ( PACE ) financing for home renovations. A CUNA letter was aimed at expressing its support to financial services companies, with an additional letter adding its individual comments to the Bureau’s rule proposal.
Inman
JULY 31, 2023
Knowing yourself and your relaxation style will ensure that this year's vacation truly allows you to unwind and rejuvenate. New Inman contributor, and broker-owner of YogaBug Real Estate, helps you figure out what works for you when you're away from work.
Housing Wire
JULY 31, 2023
Today’s RealTrending features Rich Hopen , broker-associate of Compass and co-founder of REAL-E in New Jersey and Susan Vanech , broker-associate of Compass and founder of Compass Coasta l in Connecticut. Hopen is a self-taught expert in all things ChatGPT and artificial intelligence and built an AI-powered listing chatbot. Vaneck used that chatbot to market a multi-million dollar property.
Advertiser: Trellis
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Inman
JULY 31, 2023
For Inman Ambassador and new contributor Karen Stone, these tips have been the secret sauce for conference success. Get ready to make your mark in the real estate world.
Housing Wire
JULY 31, 2023
Mike Cagney’s Figure Technologies laid off 20% of its staff and plans to take its profitable lending business public next year, Bloomberg reported. About half of the workers laid off last week were engineers and this was the first round of staff reductions for the company, according to the outlet. ”Last Friday I found out I was part of the latest round of layoffs in a company where I truly felt I had belonged and it was jarring to say the least,” a former solutions architect
Inman
JULY 31, 2023
Candice Milano and Malessa Rambarran, the millennial co-leaders of The Milano Rambarran Team at Brown Harris Stevens, are launching their new podcast, The Build Up, to reach a wider audience.
Housing Wire
JULY 31, 2023
The U.S. Department of Housing and Urban Development (HUD) on Monday published a newly-proposed rule in the Federal Register that would allow mortgage servicers to use telephonic or other electronic means to communicate with a distressed borrower, in a way that is most likely to yield a response. “[T]his rule proposes to update HUD’s current in-person, face-to-face meeting requirements by permitting mortgagees to utilize methods of communication most likely to receive a response from the m
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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 31, 2023
The move comes eight months after the firm rolled out its agent success services, Inman has learned. A Southwest BHHS franchisee also recently announced an agent benefits package.
RIS Media
JULY 31, 2023
Buying a home is an exciting and complex process. From searching for the perfect property to negotiating the best deal, numerous steps are involved in securing your dream home. To navigate this intricate journey successfully, many homebuyers turn to a professional known as a buyer’s agent. We will explore what a buyer’s agent is and… The post Tasks a Buyer’s Agent Does for Homebuyers appeared first on RISMedia.
Inman
JULY 31, 2023
Luxury buyers have been hot on Palm Beach, with 7 of the year's top 20 deals coming out of the luxe South Florida market. Overall, this year's list shows buyers' thirst for trophy properties.
Maximum Exposure Real Estate
JULY 31, 2023
Do you know what condo fees are and how they work? Condo or condominium fees are regular payments made by condo owners to maintain and maintain their shared living spaces and amenities. These fees are calculated based on factors like the size of the property and the amenities covered. They typically cover the costs of […] The post What is a Condo Fee and How Does It Impact Owners appeared first on Maximum Real Estate Exposure.
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 31, 2023
Whether you're hopping a plane to your next conference, sitting by the pool or just looking to up your game, here’s our list of reads — whether you hold the pages in your hand or listen to an audible version.
The Residential Specialist
JULY 31, 2023
Cyndee Haydon, CRS, reveals how ChatGPT helps strengthen her client relationships Before there was real estate, Cyndee Haydon, CRS, began her career in technology. She and her husband moved to Madeira Beach, Florida in 1991 for their joint careers at IBM. The pair left their roles at IBM to pursue full-time careers in real estate in 2005. “We thought, what can we do that interest us with technology backgrounds?
Inman
JULY 31, 2023
There are few industries as reliant on personal relationships as luxury real estate — and those relationships start with the agents themselves.
Brownstoner
JULY 31, 2023
While the march of urban development hit Bay Ridge in earnest in the 20th century, nestled amidst the Art Deco apartment buildings and rows of houses there are still some remnants of the 19th century village that once existed. On 99th Street, near Fort Hamilton, one small house, likely dating… Read More > The post Bay Ridge Greek Revival, a Rare Survivor, Could Be Razed for Apartments appeared first on Brownstoner.
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 31, 2023
Changing of the guard demonstrates mortgage is just one component of a larger fintech strategy, with former Intuit, PayPal exec set to succeed interim CEO Bill Emerson on Sept. 5.
RIS Media
JULY 31, 2023
So, you’ve joined a new real estate team. Maybe you’ve gone from a solo agent to a team member, or your brokerage has merged with a larger one and now you’re in a much bigger pond. Regardless, being the new kid at school is never fun, especially if you’re struggling to make connections. Real estate… The post Team Tactics: 4 Tips If You’re Not Fitting in on a New Team appeared first on RISMedia.
Inman
JULY 31, 2023
New Zealand’s ListAssist, a software company helping agents write listing copy using computer vision AI and large language models, has landed an agreement with TheMLS to offer image-based property data input.
RIS Media
JULY 31, 2023
Berkshire Hathaway HomeServices Florida Network Realty has announced its inclusion on Florida Trend’s annual list of Best Companies to Work For. The full list ranks companies in small, medium and large employer categories and is featured in the August issue of Florida Trend magazine. The Workforce Research Group, which surveyed firms that chose to participate. … The post Florida Berkshire Affiliate Named Best Company to Work For 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 31, 2023
Trainer, writer and horror podcast fan Rachael Hite recommends five podcasts that the perfect frightful escape. If you need to take a break and reset, these fun recommendations pair perfectly with your campfire and s'mores.
RIS Media
JULY 31, 2023
For the month of May, 2.6% of all mortgages in the U.S. were in some stage of delinquency, a 0.1 percentage point decrease compared to last month and a 0.2 percentage point decrease compared to last year, according to new data from CoreLogic. This is a historic low for delinquencies, as was seen back in… The post Mortgage Delinquencies Drop Back Down to Historic Low appeared first on RISMedia.
Inman
JULY 31, 2023
Real estate software company Chime has updated with a ChatGPT plugin to power its users' marketing content generation, according to the company.
Eye on Housing
JULY 31, 2023
Despite lower perceptions of affordability, the share of prospective home buyers who are actively engaged in the purchase process (i.e., have moved beyond the planning phase) remained essentially unchanged between the first and second quarters of 2023, at 56% and 55%, respectively. The lack of change in this metric suggests that some buyers are willing to continue trying to find.
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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