August, 2023

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Agents: Kenny Parcell’s resignation is the ‘beginning’ of fixing NAR

Inman

Agents and industry leaders said National Association of Realtors President Kenny Parcell's resignation is the first step in making the organization safer for female employees and members.

Agents 177
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Why You May Still Want To Sell Your House After All

Keeping Current Matters

Even though you may feel reluctant to sell your house because you don’t want to take on a mortgage rate that’s higher than the one you have now, there’s more to consider.

Mortgages 264
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Logan Mohtashami on CNBC: How rates are impacting supply

Housing Wire

HousingWire Lead Analyst Logan Mohtashami appeared on CNBC‘s Squawk on the Street on Wednesday to talk about the health of the housing market , and more specifically about today’s pending home sales data. Mohtashami explained how demand for existing homes is still trending near 21st-century lows. As long as mortgage rates stay near 23-year highs, Mohtashami believes we will see softness in data.

Mortgages 441
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The United Real Estate M&A Strategies Propelling Its Phenomenal Growth

RIS Media

When you’re one of the chief executives of a real estate company that rockets in size from 139th to 6th in just a few years, you’re clearly doing something right. Or, actually, doing a lot right. Rick Haase, president of United Real Estate, agrees, while also stressing that it is a precise mindset that anchors… The post The United Real Estate M&A Strategies Propelling Its Phenomenal Growth appeared first on RISMedia.

MLS 117
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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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6 Reasons to Market Your Charity Work

National Association of Realtors: Culture Scan

6 Reasons to Market Your Charity Work Content sponsor Real Estate Webmasters explains that this strategy can have a powerful effect on clients and prospects who care deeply for their area.

Marketing 121

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Inflation Adjusted House Prices 3.9% Below Peak

Calculated Risk Real Estate

It has been over 17 years since the bubble peak. In the June Case-Shiller house price index released yesterday, the seasonally adjusted National Index (SA), was reported as being 65% above the bubble peak in 2006. However, in real terms, the National index (SA) is about 9% above the bubble peak (and historically there has been an upward slope to real house prices).

As-is 108
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Follow This Home Maintenance Schedule To Keep Your House in Top-Selling Condition

HomeLight

If a pipe bursts in the kitchen, you’re immediately on the phone with a plumber in one hand and scooping water into buckets with the other. But dirty gutters? A leaky faucet? That deep crack in the driveway? It can always be put off until tomorrow; that is, if these issues cross your radar at all. Homeowners procrastinate making necessary repairs for 10 months on average , according to a recent study by Consumer Affairs.

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Zillow’s 1% Loans Have Little to Do With Helping First Time Home Buyers

Propmodo

Subscribers Only Newsletter Propmodo’s weekly perspective on commercial real estate and things interesting to real estate executives. Curated by Franco Faraudo. View Archive Become a Subscriber Zillow has become the most popular residential real estate portal in the U.S. They did this by becoming masters of lead generation. Their first big win was their Zestimate, which allowed homeowners and prospective home buyers to see an algorithmically created estimated property value for any home in

Loans 104
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NAR’s Kenny Parcell resigns after sexual harassment allegations

Housing Wire

Two days after a New York Times exposé of alleged sexual harassment and a culture of fear at the National Association of Realtors , President Kenny Parcell announced his resignation. Parcell was called out for alleged sexual harassment by 16 of the more than two dozen current and former NAR employees interviewed by the Times. “I am deeply troubled by those looking to tarnish my character and mischaracterize my well-intended actions,” Parcell wrote in a letter to NAR’s Executive Committee and Boa

MLS 458
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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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How Inflation Affects the Housing Market

Keeping Current Matters

Have you ever wondered how inflation impacts the housing market?

Marketing 267
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Black Knight ready to spin off Empower, Optimal Blue businesses

Inman

To win approval from antitrust regulators for its merger with Intercontinental Exchange (ICE), Black Knight will sell two businesses to subsidiaries of Canadian-based software giant Constellation Software next month.

Mortgages 182
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Unpermitted Work Threatens Stability of Landmarked Elias Hubbard Ryder House

Brownstoner

Barely visible behind a screen of overgrown trees and shrubbery, the individually landmarked Elias Hubbard Ryder House is in jeopardy after a full vacate order was issued on the building earlier this summer. Unpermitted construction work compromised the footings of a rear sun room, causing a partial collapse and compromising… Read More > The post Unpermitted Work Threatens Stability of Landmarked Elias Hubbard Ryder House appeared first on Brownstoner.

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What to Do For Septic System Maintenance

RIS Media

Septic systems are essential for homes not connected to municipal sewage systems. Potential home buyers from properties with public sewers need to know there is a difference. Properly maintaining these systems is crucial to ensure their longevity and prevent costly repairs. Regular septic system maintenance, inspection, and tank pumping can help prevent backups, leaks, and… The post What to Do For Septic System Maintenance appeared first on RISMedia.

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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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Karen DeMarco is Finalist for National Association of Realtors® Good Neighbor Award

Coldwell Banker

Online voting honoring community service starts Aug. 31 The post Karen DeMarco is Finalist for National Association of Realtors® Good Neighbor Award appeared first on Coldwell Banker Blue Matter.

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Pending home sales rose 0.9% in July

Housing Wire

Mirroring the trend for new home sales (+4.4%), pending home sales rose 0.9% in July, according to data released Wednesday by the National Association of Realtors (NAR). Year over year, pending home sales were down 14%, a smaller decrease than the 15.6% annual drop recorded in June. However, unlike the market for new homes , which has recovered convincingly above last year’s lows (+31.5%), pending home sales continue to lag behind year-ago levels (-14.0%).

Sales 421
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Judge kicks Tacoma council’s competing renter protections off ballot

Seattle Times Real Estate

Tacoma voters were set to decide between two competing renters rights measures in November. Now, a judge says only one of those can appear on the ballot.

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Homebuyer mortgage demand picks up for 1st time in 6 weeks

Inman

After dipping to the lowest level since April 1995, applications for purchase mortgages edge up 2 percent week over week but are still down 27 percent from a year ago as mortgage rates retreat from 2023 highs.

Mortgages 181
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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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How Much Does Home Staging Cost? 5 Ways to Save Money and Still Turn Your House into a Showcase

HomeLight

Why do you think model homes sell so fast?” asks Laura Sanders , a 21-year veteran real estate agent in Coral Springs, Florida. “It’s because they’re staged. Sellers get the money they spend back and they sell quicker.” The stats validate that you’ll increase your odds of a quick, high-offer sale if you opt to stage your home. According to HomeLight’s Summer 2023 Top Agent Insights Report, well-staged homes sell for 18% more on average.

Staging 112
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NYC School Bus (Possible) Strike: What Parents Need to Know

Brownstoner

NYC School Bus (Possible) Strike: What Parents Need to Know Parents of public school children have been concerned this month about the possibility of a school bus strike in NYC. With the first day of school less than two weeks away, Mayor Eric Adams and Schools Chancellor David Banks released a… Read More > The post NYC School Bus (Possible) Strike: What Parents Need to Know appeared first on Brownstoner.

Banks 111
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2023’s Top 10 Best Housing Markets

RIS Media

With home prices and mortgage rates posing a hurdle to many homebuyers, not to mention other economic headwinds like inflation, there are a lot of markets left in the dust lately with very little activity. So where can homebuyers look for booming markets that have affordable prices and a good economic area? WalletHub’s new study… The post 2023’s Top 10 Best Housing Markets appeared first on RISMedia.

Marketing 110
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Opinion: The hidden opportunities of high mortgage rates

Housing Wire

A couple of weeks ago, mortgage rates soared to a new 2023 high, reaching over 7% on a 30-year fixed-rate loan for the first time since November 2022. While higher rates are generally viewed with dismay, they often are the end result of a strong economy. Case in point, the private sector added 497,000 jobs in June — more than double many economists’ expectations — while compensation climbed 6.4% from a year ago.

Mortgages 421
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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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Investors: Waiting For a “Great” Deal Can Be a Huge Waste of Time

Bigger Pockets

Great deals are great, right? But how much do you sacrifice when waiting for one? Sometimes, it might make sense to get an "okay" deal instead. Here's why.

Investor 118
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John Davis files a racketeering lawsuit against Keller Williams

Inman

Three months after a Texas judge sent former Keller Williams CEO John Davis' $300 million fraud suit against the franchisor to arbitration, Davis is back with new racketeering claims.

Brokerage 181
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Another Seattle Bartell Drugs to close amid Rite Aid bankruptcy rumors

Seattle Times Real Estate

The closure of the Bartell Drugs store in the Uptown neighborhood leaves Seattle without a 24-hour pharmacy.

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How to Build Rapport With Inbound Leads Quickly (+ Scripts)

The Close

If you’re relatively new to cold calling, getting hung up on or dealing with objections might have made you throw in the towel. What if I told you there is a way to minimize these common objections and never get hung up on again? OK, so you will still get hung up on… obviously, this isn’t magic. However, my team has used these simple scripts for years to deflect the objections that lead to the most hang-ups.

Agents 111
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How Enriching the Lives of Your Clients Leads to Greater Sales Success

Speaker: Ari Capogeannis, Director - Revenue Marketing at NVIDIA and Bill Pappa, Sales and Marketing Leader at Ai Media Group

Building strong personal and professional relationships with clients is a critical success factor. Sales professionals who focus on relationship building generate more leads and raise their brand awareness. Because this can take time, having regular engagements can help you cultivate these relationships more efficiently. The most effective way to accomplish this is through direct hyper-personalized touchpoints.