Thu.Feb 11, 2021

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Inside Compass’s colorful past and publicly traded future

Housing Wire

Real estate brokers are a chatty bunch, but a few can be draining socially. Discuss the weather, how your pets are handling the pandemic, even the housing market, but these brokers will steer the conversation to one subject, and one subject alone – the residential real estate brokerage Compass. Compass – the broker will lament – puffs itself up as a “tech” company, but it’s really just another brokerage.

Brokerage 490
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47% of New Buyers Surprised by How Affordable Homes Are Today

Keeping Current Matters

Headlines matter. Right now, it’s hard to read about real estate without seeing a headline that suggests homes have become unaffordable for most Americans. In reality, there’s hard evidence that shows how owning a home is more affordable than renting in most parts of the country, as record-low interest rates are keeping monthly mortgage payments about 23% lower than the typical payment of 20 years ago.

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First American notches $7.1B in 2020 revenue

Housing Wire

“Big Four” title insurer First American Financial Corp. announced a healthy $7.1 billion in total 2020 revenue in its annual earnings report, released Thursday. That’s a 14% rise year over year, according to officials. Net income was $696.4 million last year, or $6.16 per diluted share, and a pretax impairment of $54.9 million, or 45 cents per diluted share.

Title 500
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Should You Buy a Home or Keep Renting? How To Decide in 7 Steps

Realtor.com

marchmeena29/Getty Images It’s a big question with no easy answer: Should you keep renting, or is it time to think about buying a home? One of the major benefits of being a homeowner is building equity with each mortgage payment, instead of putting money into your landlord’s pocket. But that doesn’t mean buying is always the best choice—as a renter, you enjoy more flexibility and avoid many of the costs that come with homeownership.

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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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For the third week in a row, mortgage rates stay at 2.73%

Housing Wire

For the third week in a row, the average mortgage rate for a 30-year fixed loan remained unchanged at 2.73%, according to Freddie Mac ’s Primary Mortgage Market Survey. Even though rates remained at their record low levels, mortgage applications dipped, with some economists pointing to the overheated home prices and lack of supply for applications seesawing.

Mortgages 473
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Did You Skip Mortgage Payments Last Year? Here’s What That Means for Your Taxes

Realtor.com

Getty Images Amid the economic turmoil caused by the coronavirus pandemic, millions of Americans opted to pause their monthly mortgage payments. That choice could have implications for their taxes this year — and in years to come. In March, as COVID-19 began to wreak havoc on the job market and caused millions of Americans to lose their jobs as businesses shuttered, federal lawmakers and regulators took the extraordinary step of extending forbearance to mortgage borrowers.

Mortgages 139

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Share of Home Buyers Getting Outbid Almost Doubles

Eye on Housing

An earlier post revealed that 69% of buyers who were actively engaged in the process of finding a home in the final quarter of 2020 have spent upwards of 3 months searching for a home without success. For the first time in this series history, the number one reason long-time searchers haven’t made a home purchase is not because of.

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LoanDepot raises just $54M in downsized IPO

Housing Wire

Online retail lender loanDepot raised just $54 million by offering 3.9 million shares at $14 on Thursday, far below the range of $19 to $21 it initially had sought. The downsized offering follows a theme that’s afflicted almost all of the nonbank mortgage originators that have gone public in the last year. LoanDepot, the second-largest retail-focused IMB in the country, had initially planned to raise about $362.5 million by selling 17 million shares at $21 in an IPO.

Loans 410
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4 Crucial Questions To Ask Your Partner Before Buying a House Together

Realtor.com

courtneyk / Getty Images If you’re hoping to buy a house with your significant other, it can be easy to get caught up in the fun stuff, like deciding the style of home you’d love (Victorian, midcentury modern, Cape Cod?) and finding the perfect neighborhood (downtown or middle of the woods?). Still, don’t be fooled: The home-buying process is riddled with pitfalls, particularly if you haven’t vetted how prepared your partner is for such a financial leap of faith.

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Realogy reorganizes lead generation programs

Housing Wire

Realogy announced Thursday that it has centralized its lead programs under one roof, yet another example of streamlining and reorganization at the brokerage conglomerate over the past year. Effective immediately, the move hands the lead generation process at all franchises and Realogy companies to a 500-person team known as the Realogy Leads Group. The Leads Group will be responsible for leads from relocation management companies, mortgage lenders, consumer-based loyalty programs, and other serv

Brokerage 409
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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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Retirement Communities: Buying Into a 55 and Over Community

Maximum Exposure Real Estate

What is a 55 and Older Retirement Community? Are you looking for a retirement community? A retirement community is a neighborhood built for adults who are at least 55 years of age. However, the age limit is not always set in stone and can be as young as 50 and as old as 60 for […]. The post Retirement Communities: Buying Into a 55 and Over Community appeared first on Massachusetts Real Estate Exposure.

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CBC Mortgage’s Tai Christensen to speak at Spring Summit

Housing Wire

Tai Christensen, CBC Mortgage Agency’ s director of government affairs, will join other housing luminaries to discuss how lenders can increase their diversity to impact minority homeownership at HousingWire’s Spring Summit on March 4. The homeownership gap between white and Black Americans is larger than in the 1960s, and both real estate and mortgage lenders are looking for solutions.

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Moving in the Same Direction

RIS Media

Molly Butler. Broker/Owner. RE/MAX Leading Edge. St. Augustine, Florida. www.teamleadingedge.com . Region served: Northeast Florida. Years in real estate: 10. Number of offices: 2. Number of agents: 180. Talk about RE/MAX as a brand and how it may help add to your success. . Everything RE/MAX Headquarters does is geared toward supporting the agents, which is why RE/MAX attracts many of the higher-producing agents.

Agents 112
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Self-employed mortgage borrower? Here are the rules

The Mortgage Report

Just about any lender can do self-employed mortgages. But there are additional requirements for self-employed borrowers. Here's what you should know.

Mortgages 122
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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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Delivering Exceptional Service in Today’s On-demand Economy

App Folio

When you’re in real estate management, customer service is the job. So much of your success hinges on whether or not your customers have positive interactions with your team. But meeting renters’ and homeowners’ expectations can be challenging. . This episode of The Top Floor is all about exceeding your customers’ expectations. With the knowledge of our experts, we want to help our audience understand: How digital experiences impact your leasing success.

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How to apply for a mortgage and get approved: 5 steps to success

The Mortgage Report

Learn how to apply for a mortgage the right way. Give yourself the best shot at getting the type of loan you want and a low interest rate when you apply.

Mortgages 118
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Sellers and Buyers Want a Modern Agent. Are You a Modern Broker?

RIS Media

Some brokerage leaders today are trying to minimize new selling solutions, such as iBuying and buy-before-you-sell bridge solutions. And those brokers might be setting themselves apart in the real estate business—but not the way they’d prefer. Your listing clients are not blind or deaf to the social media posts, ads and news stories about iBuyers and bridge buyers.

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Engel & Völkers Launches Luxury Web Portal for its Exclusive Private Office Advisors

Realty Biz

Engel & Völkers announced today the launch of its Private Office Web Portal under the domain www.evprivateoffice.com. Engel & Völkers Private Office is an exclusive group of the luxury real estate brand’s top-performing advisors from around the world, and the new web portal will serve as a targeted cross-selling platform while available to the public seeking high-end properties. .

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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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MooveGuru Acquires HomeKeepr

RIS Media

MooveGuru recently announced the acquisition of Lyndhurst, New Jersey-based HomeKeepr, a home professional referral platform, through a seven-figure stock-for-stock transaction. The transaction adds 430,000 home professionals, 230,000 real estate agents and their clients to MooveGuru concierge platforms. MooveGuru is an automated, mover engagement program, free for real estate brokers and agents.

Branding 102
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‘Nicest House on the Lake’: This $12.5M Mansion Is Michigan’s Most Expensive Home

Realtor.com

realtor.com A sweet lake house on the market for $12.5 million is the most expensive home in all of Michigan. The 16,000-square-foot house is in Charlevoix, MI —a small town in the upper reaches of the state that markets itself as “Charlevoix the Beautiful.” Built in 2009, the grand mansion on Lake Charlevoix features seven bedrooms, eight bathrooms, and two half-bathrooms.

Land 102
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Introducing Clubhouse: The Newest Toolset for Your Real Estate Business

RIS Media

It seems like every day there is a groundbreaking change in the social media world. Most recently, a new social media platform made its debut: Clubhouse. Clubhouse is not your standard social media platform; it’s purely conversational. There have been a lot of popular real estate agents who have taken to the new platform to create open conversation for topics ranging from social media in real estate to navigating a tough market.

Branding 102
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Above and Beyond | 6 of the Most Beautiful Penthouses on the Market

Sotheby's International Real Estate

The penthouse is synonymous with luxury cosmopolitan living. From the impressive vantage point, that height can offer to the many amenities that complement condominium living, the best penthouses are set apart by their thoughtful architecture and extraordinary design. Here are six of the most remarkable penthouses on the market for buyers with a taste for exquisite living.

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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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Product Spotlight: The Smartest Ways to Use Your Property Data to Sell

RIS Media

A conversation With Product Expert Nikki Morgan of CRS Data’s MLS Tax Suite. Morgan. When it comes to property data, most real estate agents are able to access a wide variety of tools and rich map features through their MLS, which partners with a property tax data vendor. These tools can run the gamut, offering everything from prospecting support to neighborhood statistics and comparables.

MLS 102
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Covid Healthcare Heroes Receive Special Gift at Big Dog Ranch Rescue

Waterfront Properties

This week, COVID-19 healthcare heroes received a special gift that will hopefully bring some love and happiness into their lives. Jupiter Realtor Rob Thomson donated $15,000 to pay the adoption fees at Big Dog Ranch Rescue for those dealing with the pandemic on the front lines. “The emotional toll of dealing with families and patients in our community who have been affected by Covid-19 is tremendous,” Thomson said.

Design 98
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CRS Data’s MLS Tax Suite Enters Canadian Market

RIS Media

CRS Data recently announced it has expanded into the Canadian market with the introduction of the Nova Scotia Association of REALTORS®. CRS Data began talks with the Nova Scotia Association of REALTORS three years ago. The team collaborated to build out and customize the MLS Tax Suite system to service real estate professionals throughout the Province of Nova Scotia. “The CRS Data team was fully committed to growing a relationship with our association and perfecting the MLS Tax Suite to di

MLS 101
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How Bizarre: Zillow, ShowingTime and Paranoid REALTORS

Notorious ROB

I love this industry, I really do. It has some of the best people I have ever met, real salt of the earth people who genuinely care about their clients, their communities, about each other, about the country, about the world. They’re real sweethearts and genuine and fun, fun people. But there are times when. Read more. The post How Bizarre: Zillow, ShowingTime and Paranoid REALTORS appeared first on NotoriousROB.

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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.

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Realogy Centralizes Lead Gen Under Realogy Leads Group

RIS Media

Realogy Holdings Corp recently announced it will be centralizing all of the brand’s lead generation programs under Realogy Leads Group. Realogy Leads Group is supported by 500 team members, uniting Realogy’s lead generation programs across its franchise and owned brokerages, including Better Homes & Gardens® Real Estate, Coldwell Banker®, CENTURY 21®, Corcoran Group®, ERA® and Sotheby’s International Realty®.

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Valentine’s Day Dinner – West Palm Beach

Waterfront Properties

Galley is unique restaurant in West Palm Beach offering a decadent special for the Valentine’s Day holiday. Gallery, is located 2 miles from Palm Beach and just across the street from Rosemary Square, featuring daring flavors and wood-fire master grill. Pair that with a curated contemporary art collection it provides the ultimate sensory experience.

Design 98
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Reach Out to Clients This Valentine’s Day

RIS Media

Happy Valentine’s Day! Although your day is probably busier than a typical Sunday, try your best to carve out some time to reach out to your clients today. As you’re likely well aware, major holidays are some of the best times to garner referrals. Whether through a thoughtful card personalized to each of your former and current clients or an online contest you’re running through one of your social media accounts, now is an excellent time to make connections with potential clients.

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West Palm Beach Adds Weekly Water Show

Waterfront Properties

The City of West Palm Beach is excited to offer a new event starting tonight during their popular Clematis By Night event. Clematis By Night includes local bands and musicians performing at the Meyer Amphitheatre on the waterfront. In addition to the live music tonight, the city is planning to debut their new Clematis By Light event. The newly renovated Centennial Foundation located at the east end of Clematis Street will feature a light and water show.

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Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

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.