March, 2023

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‘Go big or go home’: Opendoor’s high-stakes bid to disrupt real estate

Inman

With billions saved — and lost — Opendoor is living by the creed "go big or go home." Yet even after a dreary Q4, the iBuyer persists, which may be the biggest takeaway, Mike DelPrete writes exclusively for Intel.

Brokerage 197
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What will housing credit look like in next recession?

Housing Wire

With the banking crisis spurring more talk of a recession, the question now is: What would housing credit look like in a recession? Many people predicted that the U.S. housing market would crash during the pandemic. One of the main reasons for that fear was that housing credit was about to get tight, meaning fewer people could buy homes with mortgages.

Mortgages 539
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Commissions lawsuit now a class action, greatly increasing its scope

Real Estate News

A judge ruled that the Moehrl suit would now cover all sellers who paid commissions to named companies over a 5-year period, plus “current and future” sellers.

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How to Become a Successful Real Estate Agent (6 Simple Strategies)

The Close

When I first became a real estate agent in 2010, I waltzed into the office with a swagger that would make Beyoncé blush. My local market was booming. New luxury high-rises were popping up like weeds, and open houses looked more like trendy nightclubs with lines of eager buyers spilling out onto the sidewalk. How could I not become a successful real estate agent in that market?

Agents 126
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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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The Recession That Loomed

Propmodo

The U.S. economy has been going through a rough patch, as economies are prone to do now and then. Last year, it met the informal threshold of a recession with two consecutive quarters of negative gross domestic product growth. But despite that, the National Bureau of Economic Research has not officially declared a recession yet. Typically, it takes them about a year to make that call as a recession is based on a broad range of economic factors.

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Dream For All

BubbleInfo

The CalHFA Dream For All Shared Appreciation Loan Program is out. It’s a way for buyers to purchase a home with no money down. The State of California has thrown $300 million towards the program, and they will provide a 20% down payment and share the future appreciation.

Loans 105

More Trending

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Agile fintech firm executes first fully automated AOT transaction

Housing Wire

Agile , a Philadelphia-based fintech company focused on mortgage-backed securities (MBS), announced on Monday the execution of the mortgage industry’s first fully-automated Assignment of Trade (AOT) transaction. AOT transactions involve three counterparties — a mortgage originator, a mortgage investor, and a broker dealer — and are designed to transfer loan collateral and hedge positions to a mortgage investor.

Mortgages 451
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Gen Zers see ‘green homes’ in their searches, says RE/MAX study

Inman

Amid an economic landscape in flux, homebuyers and sellers continue to want expert advice from real estate agents while looking to prepare for the future, and for Gen Z that means finding "green homes," according to RE/MAX.

Agents 215
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Luxury Real Estate Headlines: Final Week in March, 2023

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Calonge, Spain | Barcelona & Costa Brava Sotheby’s International Realty The stone-clad Costa Brava home comes with plentiful patio space and a sparkling pool. This Summery Home in Spain Makes Us Want to Put Away Our Puffer Coats for Good – Dwell $12.2M Osterville Home Is the Most Expensive Sale on Cape Cod This Year – Boston Business Journal Golf is Helping Drive the Real Estate

Sales 145
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Which Banks Are in Danger of Failing or Collapse?

Marco Santarelli

Recently, a report posted on the Social Science Research Network found that 186 banks in the United States are at risk of failure due to rising interest rates and a high proportion of uninsured deposits. The report titled ‘Monetary Tightening and US Bank Fragility in 2023: Mark-to-Market Losses and Uninsured Depositor Runs?' estimated the market value loss of individual banks' assets during the Federal Reserve's rate-increasing campaign.

Banks 145
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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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Facebook Marketing Strategies: Types of Social Media Ads to Use on the Platform

Realty Biz

As one of the biggest and arguably most influential social media platforms today, Facebook Marketing represents a major avenue for building brand awareness. This, of course, is why it’s the first stop for just about any marketer looking to grow their own company’s reach. If you’re running a social media marketing campaign, it simply must include content created specifically for Facebook; there’s simply no getting around that fact.

Marketing 145
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Concrete Products Lead Building Materials Prices Higher

Eye on Housing

After four consecutive declines, the producer price index (PPI) for inputs to residential construction less energy (i.e., building materials) rose 0.3% in February 2023 (not seasonally adjusted) follow a 1.1% increase in January (revised), according to the latest PPI report. Price growth of goods inputs to residential construction, including energy, gained 0.4% over the month.

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Low housing inventory a win for homebuilders

Housing Wire

If there’s one sector of the economy that benefits from the very low levels of total housing inventory , it’s the homebuilders , but for a reason you might not think. If national housing inventory were back to normal, we would have 2 to 2.5 million active listings, and these active listings would be direct competition for the builders. New homes are traditionally more expensive than existing homes, which don’t have all the bells and whistles.

Mortgages 545
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Falling mortgage rates and home prices spur homebuyer interest

Inman

Demand for purchase loans picks up for the fourth straight week as mortgage rates continue to retreat from 2023 highs, according to the latest Mortgage Bankers Association survey released Wednesday.

Mortgages 217
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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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Luxury Real Estate Headlines: Fourth Week in March, 2023

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Dubai, United Arab Emirates | LUXHABITAT Sotheby’s International Realty The solar-powered villa includes 10 bedrooms, a movie theater, a music room, and a private gym. This $95 Million Dubai Mega-Mansion Comes With an Epic Two-Story Swimming Pool – Robb Report Houstonians Put Down Roots in Tanglewood and Stay for Generations – Mansion Global A Massive, Nearly Century-Old New England

Sales 144
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List of Failed Banks in the United States

Marco Santarelli

In this blog post, we will be reviewing the list of failed banks in the United States. It's never good news when we hear about a bank failure , and unfortunately, there have been quite a few in the United States over the years. From Washington Mutual and IndyMac in 2008 to Guaranty Bank and First NBC Bank in 2017, these failures can have a big impact on customers, employees, and the economy as a whole.

Banks 139
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How Will Google's Expansion to Local Ads Help Real Estate Agents

Realty Biz

Google Local Ads For Business Google’s Local Services Ads have been instrumental in helping marketers target local demographics. Now, with its recent expansion , real estate agents can win big by capitalizing on the tool’s broader and more diverse toolset. Here’s what you should know about how Google’s expansion to Local Ads will help you market your real estate agency.

Agents 136
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February 2023 Pending Home Sales Rise for Third Consecutive Month

NAR: Economic Outlook

Pending Home Sales Rise for Third Consecutive Month February’s pending home sales pace rose modestly 0.8% last month but fell 21.1% from a year ago.

Sales 139
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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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Low inventory a challenge to housing market as rates decline 

Housing Wire

Mortgage rates declined for the third consecutive week, sparking hope for a good homebuyers’ spring season. But while rates have dropped, the housing market has continued to be challenged by low inventory levels. Freddie Mac’s Primary Mortgage Market Survey showed on Thursday that the 30-year fixed-rate mortgage was 6.32% as of March 30, down 10 basis points from the previous week, mainly due to the economic uncertainty caused by bank collapses.

Mortgages 525
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Love-hate relationship with social media? Here’s how I make it work

Inman

Although people have mixed feelings about social media, there's no denying that it's a valuable tool for marketing your business. Find out how agent Nikki Beauchamp puts it to work effectively.

Agents 183
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Luxury Real Estate Headlines: First Week in March 2023

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Valparaiso, Chile | Chile Sotheby’s International Realty This two-story home in Valparaiso, Chile, was built intentionally so the common spaces and bedrooms were exposed to the northwest views of the ocean, beaches and the city of Maitencillo.

Sales 145
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33 Secret Websites to Make Money Online in 2023

Marco Santarelli

Making money online has become increasingly popular in recent years. The internet has opened up numerous opportunities for individuals to make money online. Many people are searching for ways to make money online, but they are not sure where to start. From freelancing to affiliate marketing, the possibilities are endless. The rise of the gig economy and online businesses has opened up countless opportunities for people to earn money from the comfort of their own homes.

Design 131
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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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Signs Your Septic System Has Failed and Needs to Be Replaced

Realty Biz

Do you know the signs your septic system needs replacement? Nobody wants to think about it, but eventually, that day comes when you'll need to dig up your yard. It is a nightmare scenario for most homeowners due to the cost of replacing a septic system. It is certainly not cheap. It can put a damper on most people's budgets. Let's look at what you need to know about septic system replacement.

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Bringing MLS Software Into the Modern, Mobile Era

GeekEstate

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: Perchwell] A business operating system, Perchwell, provides listing data management, search, and syndication plus collaboration solutions for residential real estate professionals and their clients. Its flagship MLS platform (which includes both a front-end and back-end system) is constructed from a myriad of public and private sources and s upports interoperability/integration a

MLS 126
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Latest housing starts data is good for mortgage rates

Housing Wire

How is today’s housing starts data , which beat expectations, good for mortgage rates ? Typically good economic data is bad for rates, especially in this environment, when a Fed member will come out and say building or buying homes is bad for fighting inflation. The answer is simple: The best way to fight inflation long-term is to add more supply. Destroying demand is a short-term fix, but longer-term supply is the natural economic way.

Mortgages 518
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Altman Brothers Team signs new contract with Douglas Elliman

Inman

The team closed the priciest sale in Orange County last year with a $55 million property in Crystal Cove and was named the No. 1 large team nationwide in the 2023 Ellie Awards. Terms of the contract were not disclosed.

Closing 179
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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.

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New and Notable Luxury Homes for Sale Over $10 Million | March 2023

Sotheby's International Real Estate

From a legacy estate in Aspen, Colorado, to an oceanfront compound in Skiathos, Greece, these are this month’s five featured notable properties for sale over $10 million. Aspen, Colorado Chris Klug, Soffia Wardy | Aspen Snowmass Sotheby’s International Realty Merry Go Ranch was one of the first properties built on Mclain Flats and has been held in the same family for almost 40 years.

Sales 142
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Building Wealth Begins with Your Taxes

Keller Williams

This time every year across the United States, early spring ushers in colorful wildflowers, longer evenings, and the collective anxiety of Americans preparing to file their taxes. Whether you bravely handle your own paperwork or you work with a CPA, you’re in good company if you procrastinate come tax time or think of your taxes as a necessary evil.

Agents 124
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How to Find Cheap Houses for Sale

Realty Biz

House prices were at an all-time rise in 2021, with the average cost for a house at $400,000 as of 2022. Finding a real bargain can be a challenge if you're on the lookout for your dream home. However, this doesn't mean there are no good deals in the real estate market. The best way to start is to understand the market and create a plan. Read on to discover how to find cheap houses for sale.

Sales 131
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Mom and Pop Business Owners’ Day: Landlords of Small Rental Properties

NAR: Economic Outlook

Mom and Pop Business Owners’ Day As March 29 is designated as Mom and Pop Business Owners’ Day, take a look at some key facts about mom-and-pop landlords and small rental properties.

Design 123
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The Secret to Building Successful Digital Sales Programs in 2022 and Beyond

Speaker: Jordi Gili, International Speaker, Managing Director at Execus, Professor Geneva Business School

As we kick off 2022, companies are giving more attention to their Digital/Social Sales Programs. While companies are enabling their sales professionals with coaching and a variety of digital tools to connect with potential customers, they're experiencing fluctuating KPIs. The secret to having a successful digital sales program is to have a structured Corporate Digital Selling Initiative that is centered around these four pillars: 1.