October, 2022

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The case for mortgage rates to fall in 2023

Housing Wire

On Thursday, the gross domestic product data for the third quarter showed the U.S. economy grew at a rate of 2.6%, breaking the negative GDP streak we had in the past two quarters. Does this mean the Federal Reserve needs to hike rates even more to get the recession they’re looking for, or is there a case for mortgage rates to go below 6% over the next six months?

Mortgages 543
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Advice for Buyers & Sellers in Today’s Market

RRT Submitted Articles

The housing market has shifted, and today I have some practical advice for buyers and sellers. This is coming from hundreds of conversations every month as well as stats I'm pulling. Some new memes too. Enjoy if you wish.

Marketing 257
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The 18-year Property Cycle and What it Means

RRT Submitted Articles

Many believe that the property market is driven by an 18 year property cycle. This post explains what the 18 year cycle is.

Marketing 232
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The Difference Between a Real Estate Agent, REALTOR®, and Broker

RRT Submitted Articles

Not sure how agents, brokers, and Realtors® differ? Click here to learn more about each of these job titles as well as what the jobs entail.

Agents 188
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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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Checklist of What's Covered at a Home Inspection

Realty Biz

Buying or selling a home isn't easy, with potential problems before you close. The home inspection is part of the process that can lead to problems, but what does a home inspector do? The home inspection is the buyer's opportunity to get a professional opinion on the home's condition. If you are unsure about what does a home inspection cover, we take a look so that you are better informed.

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What It Costs to Remodel a Kitchen: Here’s the Typical Price Tag

HomeLight

A stunning, well-appointed kitchen makes cooking and entertaining a breeze. Plus, upgrading the heart of the home attracts buyers and helps raise home value. But before you can host your next dinner party in your dream kitchen, you’ll have to drum up the cash for upgrades. So just how much is it to remodel a kitchen? Here’s the short answer: According to Harvard University’s Center for Joint Housing Studies, homeowners spend an average of $6,329 for a minor kitchen update and $42,816 for a major

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11 Real Estate Memes You Need to See If You’re Addicted to HGTV

Lighter Side of Real Estate

Home and Garden Television, better known as HGTV, is a great way to get your real estate fix without leaving the comfort of your own home. You can vicariously sell a house, buy a house, flip another, and go look for a vacation home in the matter of a couple of hours. It can almost make you feel like a real estate expert if you’re not careful! The next thing you know, you’ll be getting up off the couch and becoming a real estate agent.

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Why Content Marketing Is Important in Real Estate

Realty Biz

Content marketing for real estate agents is a simple concept but incredibly important for any business in the real estate industry. The basic concept of content marketing is creating valuable, relevant content for a targeted audience. If done with an effective content marketing strategy , you can attract and engage with your ideal clients. Megaphone with Great content speech bubble banner.

Marketing 120
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Why a good jobs report is bad news for the Fed

Housing Wire

On Friday the Bureau of Labor Statistics reported 263,000 new jobs were added in September. While that growth seems like good news in this economy, it runs directly counter to what the Federal Reserve wants to see. And the even worse news for the Fed was that the unemployment rate fell back to 3.5%. That low unemployment rate has to be driving the Fed nuts.

As-is 538
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Are Interest Rates Going Up or Down?

RRT Submitted Articles

Are interest rates going up or down? This post covers recent mortgage rate trends and the future forecasts of industry leading experts.

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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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What’s the Best Real Estate Company to Work for in 2022?

The Close

According to the National Association of Realtors (NAR) research, the median agent tenure at a brokerage is five years (even less in the COVID era), so it’s likely that at some point in your career, you’ll consider making a switch. But how do you decide which company is best for you? Through research and interviews, we evaluated dozens of real estate companies based on the criteria that matter most to you.

Branding 131
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Home Showing: Best House Viewing Tips For Selling a House

Maximum Exposure Real Estate

How a Home Viewing Can Make or Break House Sales Do you know how a home showing works? House viewings start a buyer becoming interested enough to make an offer on your place. Showing a house is one of the primary functions of a buyer’s agent. It would help if you strived to make the […]. The post Home Showing: Best House Viewing Tips For Selling a House appeared first on Maximum Real Estate Exposure.

Agents 135
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Over List, September

BubbleInfo

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ NSDCC Average and Median Prices by Month Month # of Sales Avg. LP Avg. SP Median LP Median SP Feb 224 $2,298,797 $2,257,334 $1,719,500 $1,758,000 March 252 $2,295,629 $2,260,524 $1,800,000 $1,825,000 April 357 $2,396,667 $2,403,962 $1,799,900 $1,828,000 May 300 $2,596,992 $2,581,715 $1,900,000 $1,994,500 June 348 $2,509,175 $2,537,953 $1,900,000 $1,967,500 July 311 $2,421,326 $2,442,738 $1,795,000 […].

Sales 129
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What is the Impact of Artificial Intelligence on the Real Estate Industry

Realty Biz

The real estate industry is one of the many industries being disrupted by artificial intelligence (AI). From chatbots to predictive analytics, AI is changing the way real estate agents do business. Here's a look at how AI is impacting the real estate industry and what agents need to do to stay ahead of the curve. What is AI? Artificial intelligence sounds futuristic, no doubt influenced by popular culture.

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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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Pending home sales are down 31% from last year

Housing Wire

Pending home sales continued their downward spiral in September, recording a 10.2% month-over-month decline that resulted in an index reading of 79.5, according to data released Friday by the National Association of Realtors. This is the fourth consecutive month of declines. Pending home sales have now fallen in 10 of the last 11 months. Economists predicted that pending home sales would drop by 4.0% in September.

Sales 525
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How to Analyze Short-Term Rental Market Potential

RRT Submitted Articles

The short-term rental market continues to grow! Let's go over the pros and cons along with how to analyze short-term rental markets.

Marketing 205
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Spreading Rentals Far and Wide While Keeping Leads All in One Place

GeekEstate

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: TurboTenant]. The ever-evolving rental world can be daunting for the DIY landlord. From marketing properties online to automating rental payments to screening tenants and more, TurboTenant centralizes tools to simplify finding and retaining tenants for independent landlords, real estate investors, and property managers.

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Boxer Sugar Ray Leonard’s house is back on the market asking $45M

Fancy Pants Homes

World-champion boxer Sugar Ray Leonard is once again floating his spectacular Pacific Palisades compound on the market, this time asking $45 million for the 1.7-acre property. The former professional boxer, who had a legendary 20-year career during which he won world titles in five weight classes, made history as the first in his sport to earn more than $100 million in prize money.

Marketing 124
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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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More Buyers Taking a Look at New Construction

Eye on Housing

After bottoming out at 19% in the first quarter of 2022, the popularity of new homes continues to rebound, as the share of buyers looking for new construction rose to 21% and 27% in the second and third quarters of the year, respectively. A possible factor behind this trend is that the inventory of new homes for-sale is 25% higher.

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Looking for a Sign That It’s Time To Sell Your Home? Look No Further Than These 11 Memes

Lighter Side of Real Estate

It doesn’t matter what the real estate market is like, homeowners often wonder if it’s the right time to sell. If only there were a clear sign that it’s the perfect time for you…. Well, maybe there is! See if any of these 11 memes hit home enough for you to realize that it’s the right time for you to sell your home! 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.

Marketing 122
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Home prices are dropping like it’s 2009

Housing Wire

Home prices are now posting the biggest monthly declines since January 2009, according to the latest Mortgage Monitor report from Black Knight. Median home prices in August fell 0.98% in August, only slightly better than July’s 1.05% monthly decline. The average home price is down 2% ($8,800) from its June peak nationally as we enter the historically slower fall-winter homebuying season.

Mortgages 527
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Renter to Owner: A Homebuyer's Guide for Tenants

RRT Submitted Articles

Homeownership is still the American dream for many! Check out this home buying guide for tenants ready to make the leap from renter to owner.

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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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Meet The Real Estate Tech Entrepreneur: Melinda Witmer from Foiye

GeekEstate

In this week’s founder interview, we’re bringing you Melinda Witmer from Foiye. Without further ado…. Who are you and what do you do? My name is Melinda Witmer and I’m the founder & CEO of Foiye, a new social entertainment platform for the home, design, and real estate enthusiast. Before founding Foiye, I spent 25 years in senior leadership roles at Time Warner Cable (now Spectrum) and HBO.

Design 123
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Luxury Week at Sotheby’s

Sotheby's International Real Estate

????. Sotheby’s Luxury Week, a sale series that showcases the best of the best in each discipline, elevates luxury to the level of art. Encompassing Jewelry, Watches, Collector Cars, Designer Handbags, Sneakers and Wine, this sale series is a testament to the new definition of luxury and the evolving role played by auction houses in the sector. Explore the extraordinary pieces on offer through November 15.

Design 121
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Best Gifts For Real Estate Agents That Say “Thank You” in 2022

HomeLight

If you’ve recently bought or sold your house thanks to the help of a professional real estate agent, you know how much help they were throughout this major event in your life. Maybe they sold your home quicker than you thought would be possible or were able to get you a higher price in the challenging market of late-2022. For buyers facing rising interest rates, your agent may have helped you explore great options to best meet you and your family’s needs.

Agents 120
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Prices Dropped 22% In One Month?

BubbleInfo

Last month, the 92009 median sales price declined 14.8% YoY, and was -22% MONTH-OVER-MONTH. Keyboard warriors everywhere will be jumping all over news like this. What really happened? The facts: Last month, there were 52% fewer sales than in September, 2021. The homes that sold last month were 13% smaller than in August. The average […].

Sales 119
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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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What happens after the Fed’s rate hike?

Housing Wire

The Federal Reserve will hold another meeting this week, where everyone assumes we will get another 75 bps rate hike. The question is: how many more rate hikes are left? And, once they’re done hiking rates, will the Fed need to keep rates high because the consumer balance sheet looks so good? Over the weekend, The Wall Street Journal brought up this point — that the Fed is mindful that household balance sheets are much better now due to the excess savings built up during the COVID recovery and t

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How to Get the Best Real Estate Referrals

RRT Submitted Articles

How much of your Real Estate business comes from referrals? You can quickly increase your referral network by learning how to position yourself to be a good referral partner. Here’s how you can earn more referrals to grow your real estate business this year.

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Meet The Real Estate Tech Entrepreneur: Scott Patterson from Tumble

GeekEstate

In this week’s founder interview, we’re bringing you Scott Patterson from Tumble. Without further ado…. Who are you and what do you do? I’m Scott Patterson and I founded Tumble in 2019 with a mission to modernize the laundry industry. After serving 11 years in the United States Marine Corps, I was trained to be diligent about my own laundry as well as my fellow Marines.

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Building Materials Prices Decline in September

Eye on Housing

The prices of building materials decreased 0.3% in September (not seasonally adjusted) according to the latest Producer Price Index (PPI) report. The PPI for goods inputs to residential construction, including energy, declined for the third consecutive month in September (-0.1%). Prices have fallen 2.3% since June, the largest three-month drop since April 2020.

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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.