Keeping Current Matters
JULY 11, 2023
If you’re in the process of looking for a home today, you know the supply of homes for sale is low because you’re feeling the impact of having a limited pool of options.
Housing Wire
JULY 11, 2023
Land sales volume continued to exceed the five-year average of $650 million in gross sales during the first six months of 2023, but gross sales are off from the record-setting pace of 2021 and 2022, according to Farmers National Company mid-year land values report , released Tuesday. During the first half of 2023, land sales volume came in at roughly $445 million, compared to an average of $735 million in both 2021 and 2022.
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Real Estate News
JULY 11, 2023
Morningstar has made a bold prediction about where mortgage rates and home prices are headed, but for now, prices are still rising.
Housing Wire
JULY 11, 2023
On Tuesday, a group of eight Democratic senators introduced a new bill, the “Stop Predatory Investing Act,” which aims to restrict tax breaks for corporations buying homes. The new rule would affect big investors, such as private equity firms and real estate investment trusts. If approved, the bill will prohibit investors acquiring 50 or more single-family rental homes from deducting interest or depreciation on those properties.
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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
JULY 11, 2023
The state’s "Dream for All" down payment assistance program has received more funding after quickly running out of money earlier this year.
Housing Wire
JULY 11, 2023
Home prices are steady, if relatively high in terms of historical home prices, and homeowners are staying in their homes longer than ever before. The result? American homeowners currently have more tappable home equity than ever — a net $30 trillion in home equity that can be tapped right now, according to HousingWire lead analyst Logan Mohtashami. “That’s bigger than the total GDP of China,” Mohtashami said.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
JULY 11, 2023
Annual U.S. single-family home price growth slowed for the 12th straight month in May, falling to a 1.4% increase year over year, according to CoreLogic ’s Home Price index. The last time the index saw annual growth fall to less than 2% was in early 2012. Even so, U.S. home appreciation still remained positive for the 136th straight month in May and overall gains since the pandemic are significant.
Inman
JULY 11, 2023
The number of new homes earmarked for the rental market is expected to double by 2027 as built-for-rent housing rebounds with a record Q1 and developers clamor to partner with investors.
Housing Wire
JULY 11, 2023
House Numbers , an AI-enabled home wealth management platform, announced on Tuesday that it has raised $3.75 million in pre-seed funding. Resolute Ventures led the round, with participation from Maven Ventures and Uncommon Capital. “The U.S. Census reports 62% of U.S. households have home equity, compared to just 25% of whom hold stocks and mutual funds.
Inman
JULY 11, 2023
Yes, you can ignore Threads, and you will stay in business, Inman contributor Teresa Boardman writes of Meta's latest social media offering. "If you are on the fence, I am writing this for you.
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
JULY 11, 2023
Mortgage credit availability barely increased in June as the industry continues to operate at reduced capacity. This is a consequence of persistently high mortgage rates resulting in lender consolidation as well as a decline in mortgage applications , the Mortgage Bankers Association said. The trade group’s monthly Mortgage Credit Availability Index rose by 0.1% to 96.6 last month.
Inman
JULY 11, 2023
Builders are adding more supply than at any point in the past five decades, with another million units on the way in the coming few years, according to a new report from RealPage.
Housing Wire
JULY 11, 2023
Candor Technology , a mortgage artificial intelligence (AI) technology firm, announced this week that it has unveiled its latest product feature, Candor Pre-Check. The tool aims to identify inconsistencies between loan applications and borrower-provided documents to data accuracy. “At Candor, we strive to create best-in-class technology to benefit the consumer, the lender, and the mortgage investor.
Inman
JULY 11, 2023
Annual home price growth fell below 2 percent for the first time since 2012 as high prices and mortgage rates continued to inhibit buyers and sellers, according to data released Tuesday by CoreLogic.
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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.
Housing Wire
JULY 11, 2023
The Westchester County District Attorney announced on Friday that it has indicted a group of six individuals and a corporation for allegedly stealing property deeds from distressed homeowners, fraudulently accessing mortgage loans, and evading state taxes. The alleged perpetrators, including licensed realtors and an attorney, fraudulently obtained $2 million in loans and evaded nearly $200,000 in state taxes, according to the indictment.
Inman
JULY 11, 2023
For two days only, July 11 and 12, you’ve got a chance to score great deals for yourself, your business and clients.
HomeLight
JULY 11, 2023
Whether the cause is unpaid taxes, unpaid alimony, or unpaid contractor bills, selling a house with a lien against it adds one more wrinkle to the already complex task of a home sale. But don’t fret. “Nine times out of 10 the lien can be paid off through the sale,” says Richie Helali, Mortgage Sales Lead at HomeLight Home Loans. “This way the seller doesn’t need to come up with [the debt] out-of-pocket earlier.
Inman
JULY 11, 2023
Rick Guerrero says your transactions will be smoother if there's more collaboration with mortgage loan officers when providing financial information since a Zillow report revealed that agents are sought after and trusted with relevant questions. This will help battle misinformation and empower clients to make informed decisions.
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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.
Bigger Pockets
JULY 11, 2023
The easiest way to supercharge your real estate portfolio? Host your own real estate meetups to build your network! If that sounds intimidating, you’re not alone!
Inman
JULY 11, 2023
Dash, which aims to improve how real estate agents access information about new construction projects, has released a beta test of its software in Miami, the company announced last week.
Lighter Side of Real Estate
JULY 11, 2023
Whatever line of work you’re in, there are probably some fairly common terms you’re used to hearing and saying that an outsider may not know. They may be so basic to you that you can’t even imagine how somebody wouldn’t know what it is, even if they aren’t in your field. For instance, the word “mortgage” is something real estate agents presume everybody knows.
Inman
JULY 11, 2023
When conditions aren’t favorable, investors should retrench, renew their discipline and remember the principles that made them successful.
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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.
Brownstoner
JULY 11, 2023
Mayor Eric Adams on Tuesday said he is considering a legal challenge against the City Council over a package of bills it passed in May that would expand eligibility for city housing vouchers. The mayor's statement comes amid an ongoing back and forth over the legislation, with Adams vetoing the bills… Read More > The post Mayor Adams Floats Legal Challenge If Council Overrides Veto and Passes Housing Voucher Bills appeared first on Brownstoner.
Inman
JULY 11, 2023
Join us as we delve into the symbiotic relationship between mortgage brokers and real estate professionals and discover best practices around marketing strategies.
RIS Media
JULY 11, 2023
As the real estate market continues to shift, competition is at an all-time high, causing brokers and their agents to find new paths to success. The brokerages that are playing on their strengths while adapting to the constant flux of the market are the ones gaining a competitive edge and winning big. This September, nine… The post CEO & Leadership Exchange Panel Preview: The Secrets to Gaining a Competitive Edge appeared first on RISMedia.
Inman
JULY 11, 2023
"We aim to make landlords and their tenants’ lives easier by giving them everything they need, and nothing they don’t," said RentRedi CEO and co-founder Ryan Barone.
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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.
RIS Media
JULY 11, 2023
It stands to reason that companies want to recruit the best employees that can help them stay competitive. However, many argue that there is a right and wrong way to recruit talent, which is the crux of a legal battle between loanDepot and Movement Mortgage. The former filed a lawsuit on June 22 in a… The post LoanDepot Sues Movement Mortgage for Poaching and Crippling Branches appeared first on RISMedia.
Real Trends
JULY 11, 2023
Amid a significant shortage of housing supply in 2022, 32% of Realtors named a lack of inventory as the most important factor limiting potential clients from making a purchase, according to the National Association of Realtors ’ 2023 Member Profile. “The report’s findings clearly show that the lack of housing inventory is impacting Realtors’ ability to find buyers a home,” said Jessica Lautz, NAR deputy chief economist and vice president of research. “ Housing inventory and affordability continu
Realty Biz
JULY 11, 2023
Want to sell your New Jersey condo, fast? The speed with which you sell property is reliant on many factors, particularly the property market and the general economy. But there are a few seller’s tricks that will help. Here are the 5 fastest ways to sell your New Jersey condo! Set the Right Price The trick for a faster sale is to be on par, or slightly under, the asking price of similar properties in the area.
Real Trends
JULY 11, 2023
As existing home sales dropped 17% year over year in 2022 to 5.03 million homes , the median sales volume of National Association of Realtors’ members rose to $3.4 million, up from $2.6 million in 2021, according to NAR’s 2023 Member Profile , published Tuesday. The Member Profile is based off a 98-question survey sent to a random sample of 146,624 NAR members in March 2023.
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