April, 2023

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Must-Fixes Before a Client’s Home Goes Up for Sale

RIS Media

The obvious things that need to be addressed before having a client’s home be listed for sale are, well, obvious. Anything you can easily see that’s broken…a window, for example, needs to be fixed pronto. Some things aren’t so obvious, but also need to be taken care of. The last thing you want is for… The post Must-Fixes Before a Client’s Home Goes Up for Sale appeared first on RISMedia.

Sales 128
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Housing Market Tracker: Spring inventory grows

Housing Wire

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. The fear of not having an increase in inventory this spring should be put to rest. The other focus should be where mortgage rates go; only a little happened last week. Here’s a quick rundown of the last week: Active listing rose 8,260 week to week, down a bit from last week’s gain, but I’m not complaining — anything on the plus side is positive.

Marketing 513
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Opendoor lays off 22% of its workforce in latest round of cuts

Inman

In total, the company cut 560 positions, according to a statement Opendoor provided to Inman. The cuts, which were announced internally Tuesday morning, primarily focused on operations roles.

Sales 217
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103 Real Estate Jokes, Puns & Pick-up Lines You Haven’t Heard 1,000 Times

The Close

Is the market roller coaster of 2023 getting to you? Need a little pick-me-up? Perhaps a healthy dose of real estate jokes, puns, and pick-up lines is just what the doctor ordered to get you back on track. We hope you memorize a few of these cheesy, hilarious, oh-so-true, and groan-worthy real estate jokes to tell at tomorrow’s team or client meeting.

Agents 145
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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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Newer brokerages take top spots in Mega 1000 rankings

Real Estate News

Several of the top brokerages in T3 Sixty's Mega 1000 list were founded after 2000, including top-ranking Compass.

Brokerage 283
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The Lush Life: 5 Homes in Gloriously Green Locales

Sotheby's International Real Estate

In desirable destinations from Cape Cod to Palm Beach, these homes are surrounded by lush landscapes that extend their interior opulence to the outdoors. Light-Filled Luxury in Florida Lisa Cregan | Sotheby’s International Realty – Palm Beach Brokerage This historic Bermuda-style home in Palm Beach exemplifies luxurious, light-filled Florida living.

Brokerage 136

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Agent Recruiting Tips and Strategies in a Challenging Real Estate Market

Realty Biz

Words of wisdom from Recruiting Insight's Mark Johnson, one of the industry's top talent experts Since the onset of the COVID-19 pandemic, the real estate profession has been in flux. As a result, the period from 2019 through late 2022 has been an unprecedented roller coaster. Uncertainty and reactions to the pandemic gave way to a real estate boom market now threatened by a brutal downturn in the U.S. economy.

Agents 100
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Mortgage rates decline amid expectation of economic slowdown  

Housing Wire

Mortgage rates fell again this week, but the primary cause was not the banking crisis fiasco. It was the expectation that the U.S. economy is slowing down. According to Freddie Mac ’s Primary Mortgage Market Survey, the 30-year fixed-rate mortgage declined to 6.28% as of April 4, down from 6.32% the previous week. The survey focuses on conventional and conforming loans for borrowers who put 20% down and have excellent credit.

Mortgages 457
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Here’s every AI platform real estate agents need to know about in 2023

Inman

Tools such as ChatGPT and DALL-E have opened the artificial intelligence floodgates and promise to permanently transform the way agents operate. But there's so much more to explore.

Agents 165
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Industry Decoded: Commissions lawsuits could give portals an edge

Real Estate News

The outcome of the Moehrl suit could affect countless buyer agents. Might Zillow and other portals become an Uber-style marketplace for those agents?

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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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Luxury Real Estate Headlines: Final Week in April, 2023

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Los Angeles, California | Sotheby’s International Realty – Pacific Palisades Brokerage Carol Burnett, the iconic comedian and actress, has sold her longtime Los Angeles home for $3.7 million. Carol Burnett’s Longtime Los Angeles Home Sells for $3.7 Million – The Wall Street Journal Five of the World’s Best Homes for Sale with Landscaped Gardens – Financial Times Custom-Built Colonial in

Brokerage 139
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How Does a Reverse Mortgage Work?

RIS Media

Homeowners aged 62 or older can use their home equity to receive a lump sum, a line of credit, or income through a reverse mortgage. While this might seem like a great way to enjoy your senior years or cover unexpected bills, there are risks involved with this type of loan. Considering this type of… The post How Does a Reverse Mortgage Work? appeared first on RISMedia.

Mortgages 135
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Is It Real? Edward Cullen’s Sleek Glass House in Twilight

Fancy Pants Homes

There were two things that stuck with me long after watching the first Twilight movie (and no, I’m not talking sparkling diamond skin): the car that Edward Cullen was driving — a sporty Volvo C30 that’s still at the top of my list — and the house the Cullens lived in, a gorgeous modern home tucked away in the midst of lush trees.

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Housing Market Tracker: Inventory finally rises

Housing Wire

Can we now say that the housing market ‘s spring selling season is finally underway? Since 2020, the seasonal bottom for housing inventory has arrived several months later than normal, making it more complicated to track housing inventory data. Still, we have some promising signs that we might have finally hit the inventory bottom for 2023. We didn’t see too much volatility in mortgage rates last week, but purchase apps declined in reaction to rates rising two weeks ago.

Marketing 544
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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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Refining an iconic legacy brand: a Q&A with Katelyn Castellano

Inman

As iconic brokerage Engel & Völkers embarks on an identity refresh, this marketing leader shares her insights on the process, and what others can learn.

Branding 176
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Nation’s largest homebuilder brings some heat to a cool spring

Real Estate News

DR Horton, seen as a “heat check” for the housing industry, blew past analyst expectations with its Q2 profits and offered an encouraging take on spring.

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Making a Splash: 4 Homes with Lovely Water Features

Sotheby's International Real Estate

Whether dramatic or demure, a water feature brings calming sounds and natural visual appeal to any home. Each of these four properties—from East Coast to West—uses water to turn an outdoor area into an oasis that can be both striking and serene. Lush Brentwood Beauty Janelle Friedman | Sotheby’s International Realty – Santa Monica – Venice Brokerage This serene sanctuary occupies two lush acres in the heart of Brentwood.

Brokerage 139
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The Pros and Cons of VA Loans

RIS Media

VA loans can look very attractive if you are a veteran or in the military. They are a popular choice for eligible homebuyers with no down payment requirement and better interest rates. Despite offering good terms, they might not be the best option for everyone. Buyers need to know that VA loans have property condition… The post The Pros and Cons of VA Loans appeared first on RISMedia.

VA loan 122
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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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After 3 years, Seattle’s Amy Nelson still fighting Amazon and DOJ

Seattle Times Real Estate

3 years after FBI agents came to her Seattle home to investigate fraud claims made by Amazon against her husband, The Riveter founder Amy Nelson wants answers.

Agents 128
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Housing Market Tracker: Inventory falls even lower

Housing Wire

The seasonal housing inventory bottom evaded us again last week as active listings fell and new listing inventory decreased. Purchase application data rose again, with more positive than negative data in 2023. Mortgage rates didn’t move much last week, but the 10-year yield rose even though inflation data was tamer than expected, and we had a weaker retail sales report number.

Marketing 527
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How this agent used YouTube to grow his luxury real estate career

Inman

Enes Yilmazer is a content creator and real estate influencer who rose to fame through his real estate channel on YouTube. After posting his first real estate video in 2019, he quickly realized the platform's potential and prioritized it.

Agents 162
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Corcoran's five decades of female leadership

Real Estate News

In 1973, with a $1000 loan, Barbara Corcoran launched what would become a global luxury real estate company. And it's always had a woman at the helm.

Loans 267
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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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Luxury Real Estate Headlines: First Week in April 2023

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Solebury, Pennsylvania | Kurfiss Sotheby’s International Realty, Sothey’s International Realty – East Side Manhattan Brokerage The roughly 17,900-square-foot estate on 44 acres would set a record if it sells for that price A Massive Estate in Pennsylvania’s Bucks County Asks $14.5 Million – The Wall Street Journal You Need to See This Stunning New Mexico Home with the Conversat

Brokerage 138
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States with Highest and Fastest Rising Construction Wages

Eye on Housing

Despite a housing market slowdown but reflecting persistent long-term labor challenges, wages in construction continue to rise, often outpacing and exceeding typical earnings in other industries. According to the latest Current Employment Statistics (CES) report from the Bureau of Labor Statistics (BLS), average hourly earnings (AHE) in construction vary greatly across 43 states that reported these data.

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How Artificial Intelligence Will Revolutionize Real Estate: from Valuation to Customer Service

Realty Biz

Artificial intelligence (AI) has the potential to revolutionize the real estate industry in numerous ways. Artificial intelligence (AI) is a rapidly evolving technology that is already transforming a wide range of industries. In the real estate market, AI is poised to have a significant impact, from property valuation to customer service. In this article, we will explore how AI is likely to affect the real estate market as well as real estate agents in the years to come.

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Homepoint to shut down originations biz, sell assets to The Loan Store

Housing Wire

Shrinking wholesale lender Homepoint is closing its mortgage origination business and will sell its origination-focused assets to competitor The Loan Store , the company announced on Friday. Michigan-based Homepoint is “winding down” its tenure as a direct participant in the mortgage origination business and becoming an investor in the market, as the company will hold an equity interest in The Loan Store.

Loans 519
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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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5 make-or-break factors consumers consider when choosing a real estate agent

Inman

A new report by RE/MAX explores what's most important to today’s homebuyers and sellers, from their criteria for choosing a real estate agent to their adaptability for the future. The findings are valuable intelligence for agents and brokers alike.

Agents 161
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50-year Arizona real estate veteran sees blue skies ahead

Real Estate News

Brokerage leader Bill Ryan, whose firm recently joined KW, has seen tremendous growth — and a few booms and busts — over his five decades in the industry.

Brokerage 261
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Luxury Real Estate Headlines: Third week in April, 2023

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Potomac, Maryland | TTR Sotheby’s International Realty Located in the affluent neighborhood of Round Hill in Potomac, Maryland, this expansive home has space for everything—even an airplane. Five Homes With Grand Gardens – Mansion Global Wall Street Journal tycoon’s estate lists for $18 million – Architectural Digest Connecticut Horse Farm Sells After Nearly a Decade On and Off the M

Sales 136
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Affordability Pyramid Shows 64.8 Million Households Cannot Buy a $250,000 Home

Eye on Housing

As described in a previous post, NAHB’s recently released its 2023 Priced-Out Estimates, show that 96.5 million households are not able to afford a median priced new home, and that an additional 140,436 households would be priced out if the price goes up by $1,000. This post focuses on the related U.S. housing affordability pyramid, showing how many households have.

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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.