May, 2023

article thumbnail

How to answer buyers’ top 10 most-asked mortgage questions

Inman

Agents should be prepared to answer their buyer's mortgage questions, including types of mortgages, lender guidelines, preapproval vs. prequalification and the closing process in the area.

Mortgages 177
article thumbnail

What to Know About Building Permits When Buying or Selling

RIS Media

Owning a home brings many opportunities to improve and add your personal touches. However, before making significant improvements, you need to get permission from the local authorities. To do so, you need a building permit. Understanding what a building permit is and how it works is essential. Local government agencies issue building permits as approval… The post What to Know About Building Permits When Buying or Selling appeared first on RISMedia.

As-is 143
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Housing Market Tracker: Mortgage rates over 7%

Housing Wire

Debt-ceiling drama pushed bond yields up last week, taking mortgage rates to a new 2023 high in the middle of the spring home-selling season. Active housing inventory , thankfully, saw some decent growth last week. Purchase application data had a second straight week of declines. Here’s a quick rundown of the last week: Active inventory grew 8,914 week to week, even though new listing data is still trending at all-time lows in 2023.

Mortgages 515
article thumbnail

New Single-Family Home Size Trending Lower

Eye on Housing

An expected impact of the virus crisis is a need for more residential space, as people use homes for more purposes including work. Home size correspondingly increased in 2021 as interest rates reached historic lows. However, as interest rates increased in 2022, and housing affordability worsened, the demand for home size has trended lower. According to first quarter 2023 data.

article thumbnail

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.

article thumbnail

A U.S. Default Could Be Catastrophic For Real Estate Investors—Here’s What You Need To Know

Bigger Pockets

The looming debt ceiling is worrisome, as the economic implications that follow a possible default are unprecedented and could be catastrophic for all sectors, including real estate. Here's what you need to know.

Investor 127

More Trending

article thumbnail

Watch out — the industry’s mind-boggling transformation isn’t over

Real Estate News

Don’t let this transformative moment intimidate you. Industry experts Stefan Swanepoel and Jack Miller of T3 Sixty say it’s an opportunity built on history.

article thumbnail

5 things agents should look for in a real estate photographer

Inman

It can be hard to know which type of photographer will show up at your property. Here are some best practices to ensure your listing (and your client) are set up for success.

Agents 177
article thumbnail

Is the savagely unhealthy housing market back?

Housing Wire

Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. Why is this so important to me? If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. I would say it’s savagely unhealthy to have that level and even though we’re not there yet, we are dangerously close.

Marketing 539
article thumbnail

Improving a Credit Score to Help Buy a Home

RIS Media

If your credit has taken a bit of a hit, you must make changes to rebuild your score. With a higher credit score, applying for a mortgage with better terms and lower interest rates will be easier. This could give you the credit score needed to buy a house with the terms you want. Increasing… The post Improving a Credit Score to Help Buy a Home appeared first on RISMedia.

Mortgages 144
article thumbnail

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.

article thumbnail

Compound Interest: 4 Extensive Private Estates

Sotheby's International Real Estate

Each of these impressive compounds—in locations from East Coast to West—is an enviable private retreat for groups large and small to enjoy swimming, stargazing, sports, or simply relaxing together indoors and out. Rancho Bella Vista Micah Brady, Mike Brady | Sotheby’s International Realty – Santa Ynez Valley Brokerage Minutes from Santa Barbara and the “California Riviera,” this idyllic 123-acre ranch enjoys seemingly endless views of the Santa Ynez River, the area’s renowned wine country,

Brokerage 131
article thumbnail

Secure Digital Assets that Are Easy to Share and Access

GeekEstate

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: Prisidio] A cloud-based vault to securely store, organize, and share all life’s essential documents and information, Prisidio provides cybersecurity and data protection solutions that protect users’ sensitive data and digital assets.

Finance 124
article thumbnail

Unaffordable Prices Are Most Common Reason Buyers Can’t Make Purchase

Eye on Housing

An earlier post revealed that 71% of buyers who were actively engaged in the process of finding a home in the first quarter of 2023 have spent 3+ months searching for a home without success. The inability to find an affordable home remains the most common reason buyers looking for 3+ months can’t make a purchase, cited by 40% (compared.

121
121
article thumbnail

Sisu claims transaction revolution is underway with portal 2.0 update

Inman

Sisu, a proptech that combines sales cycle and workflow automation with performance tracking technology, said Client Portal 2.0 aims to refine how agent teams interact with critical vendors.

Agents 161
article thumbnail

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.

article thumbnail

FHFA rescinds controversial DTI LLPA

Housing Wire

Did you hear that sound? That’s the entire mortgage industry shouting, “hip, hip hooray!” The Federal Housing Finance Agency (FHFA) on Wednesday announced that it would rescind a controversial loan-level pricing adjustment (LLPA) for conventional borrowers with debt-to-income (DTI) levels at or above 40%. The FHFA, which regulates Fannie Mae and Freddie Mac , had previously delayed implementation of the DTI LLPA from May 1, 2023 to August 1, 2023 following a chorus of upset fro

Mortgages 538
article thumbnail

Common Reasons Why Pending Sales Fall Through

RIS Media

When you think you’ve found your perfect home, you will be understandably devastated if the sale falls through. After the seller has accepted your offer, it can take as long as 60 days to close or more, and many things could go wrong. You might be surprised at the number of reasons pending sales fall… The post Common Reasons Why Pending Sales Fall Through appeared first on RISMedia.

Sales 142
article thumbnail

REITs vs. Stocks: Is There Any Diversification Benefit At All?

Bigger Pockets

If you're exploring diversification options, it's crucial to note that this investment might not be as sensible as initially thought. Here's the truth about this trendy investment.

116
116
article thumbnail

Mobile Small Commercial Construction Booking 

GeekEstate

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: Spackle] A mobile solution helping find electrical, plumbing, painting, and concrete subcontractors for small commercial construction projects, Spackle connects service providers with commercial occupiers to manage and fulfill maintenance and improvement requests.

article thumbnail

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.

article thumbnail

Spring-Summer 2023 Pantone Colors of the Year

Sotheby's International Real Estate

Brady Bingham and Janet Suisted – New Zealand Sotheby’s International Realty Whether it accessorizes a person or accents a place, color carries so much meaning. That’s why interior designers, decorators, and architects pay attention when the Pantone Color Institute publishes its forecast trends for the fashion industry. As the leading authority on the palettes to watch for in the New York Fashion Week Spring-Summer 2023 collections, Pantone knows that hues make a huge impact, whether

Design 115
article thumbnail

Opendoor CEO Carrie Wheeler on Q1 earnings and the iBuyer’s future

Inman

The chief executive of the largest iBuyer spoke to Inman about Opendoor's first-quarter earnings on Thursday — and expectations that the company is turning a corner after a rough 2022.

article thumbnail

CPI report is good news for mortgage rates

Housing Wire

The massive inflation and double-digit mortgage rates of the 1970s and early 1980s seem to haunt the Federal Reserve , which wants to cool the economy and even provoke a job-loss recession to avoid that scenario. But the latest Consumer Price Index inflation report shows how the fear of 1970s-style inflation is wildly overblown. Today’s numbers don’t look like the 1970s at all, when rent, wages, and oil shocks sent inflation running hotter than anything we have seen in recent modern-day hi

Mortgages 535
article thumbnail

Mulch Matters! How Curb Appeal Can Spark (or Sink) a Sale

RIS Media

Just how exacting and inviting must curb appeal be for a home going on the market to achieve its full price potential? Alex Chingas, a REALTOR® with the Bross Chingas Bross team at Coldwell Banker Realty in Westport, Connecticut, tells this tale… “We recently had an appointment with a home stager to come look at… The post Mulch Matters! How Curb Appeal Can Spark (or Sink) a Sale appeared first on RISMedia.

Sales 140
article thumbnail

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.

article thumbnail

10 Landlord-Tenant Laws Every Landlord Should Know

Bigger Pockets

Landlord-tenant laws can be complicated and have a lot of grey areas. This article lists out 10 critical laws you must know before renting out property.

129
129
article thumbnail

Upcoming GEM Event: How will ChatGPT plugins change real estate?

GeekEstate

Those of you with the paid version of ChatGPT may have tested a few of the real estate plugins. There are four that I’ve found so far are: Zumper Redfin Zillow Rentable In an GEM community event on June 20th at 9 am PST, Anthemos Georgiades from Zumper will be joined by a few product/engineering leads to talk through what they’ve built, and share a few early learnings.

Land 111
article thumbnail

Luxury Real Estate Headlines: Second Week in May 2023

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Washington, DC | TTR Sotheby’s International Realty The home, which is one of the oldest in the Dupont Circle area, was visited by Presidents Obama and Biden. Gilded-Age Washington, D.C., Mansion Owned by Former U.S. Ambassador Asks $29.95 Million – The Wall Street Journal 7 Luxury Homes in the U.S.

115
115
article thumbnail

Offices are in trouble. Can turning them into housing save downtown?

Inman

Office-to-residential conversions are on the upswing as remote work destabilizes commercial real estate nationwide. "Everything is on the table," affordable housing advocate Janan New told Inman.

article thumbnail

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.