Eye on Housing
JANUARY 31, 2023
Dwindling housing affordability in the fourth quarter of 2022 caused the share of prospective home buyers who are actively engaged in the purchase process (i.e. who have moved beyond just the planning phase) to drop to 46%, down from 59% a quarter earlier. The share of prospective buyers fully engaged in the buying process declined in every region between the.
Keeping Current Matters
FEBRUARY 2, 2023
The housing market has gone through a lot of change recently, and much of that was a result of how quickly mortgage rates rose last year.
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Realtors Property Resource
FEBRUARY 2, 2023
Does your techstack… lack? Juice it up with these ten recommended mobile apps for real estate agents, courtesy of RPR (Realtors Property Resource). The post RPR’s top 10 Mobile Apps for Real Estate Agents appeared first on Realtors Property Resource (RPR).
Real Trends
JANUARY 30, 2023
The available inventory of homes for sale continues to fall at the end of January. This data is created by a combination of a lack of new listings and an increase in buyer demand. The low level of supply is helping to stabilize prices which were falling in the 4th quarter. So the question is: have we already seen the bottom for the housing market? Or, is this a temporary blip, a red herring, before an inevitable recession hits or interest rates climb again?
Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty
The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.
BubbleInfo
JANUARY 29, 2023
It looks like Zillow is sticking with their relatively flat forecasts for our local areas. It’s probably realistic if appreciation goes like it did in 2022 – everything gained in the spring selling season is given back in the off-season.
Inman
JANUARY 30, 2023
The social media ecosystem is complex, and established platforms are facing challenges. In this fraught landscape, which social media channels can luxury agents rely on? Two leading agents weigh in.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Broke Agent Media
FEBRUARY 1, 2023
Did January even exist? No. But, I have good news. The Spring market (hopefully) is right around the corner, the Super Bowl is in two weeks, and Valentine’s Day is coming up to destroy us all. If your 2023 is off to a slow start it’s time to refocus and start fresh in the month of love. Let’s get into some content ideas. HOLIDAYS February 2nd: Groundhog Day.
Realty Biz
FEBRUARY 1, 2023
Real estate is an ever-evolving industry, and the competition to make a name in it can be overwhelming. To stand out from the crowd, agents need to be smart about their marketing strategies. This article will discuss seven real estate marketing ideas that can help you build leads and become an established authority in the industry. With these strategies, you will be well-equipped to reach potential customers and increase their clientele.
Realtor.com
FEBRUARY 2, 2023
Photo-Illustration by Realtor.com; Photos: Getty Images (2) After suffering all-time lows during the COVID-19 pandemic, the supply of homes for sale has rebounded with a bang. January marked a whopping 65% more real estate listings than this same month a year earlier, according to a recent inventory report from Realtor.com®. And while home prices are still up year over year, they’ve declined from the pandemi4 GHJ43;;;;;;;;;;;;;;;;;;;;;;GHF///.HHH??????????????????????????????
Housing Wire
FEBRUARY 3, 2023
Mortgage lender and digital financial services company Guaranteed Rate hopes to court builders and borrowers with its newly launched programs — Lock ‘N’ Sell rate lock program and forward commitments – by helping the borrowers secure lower mortgage rates. The rate lock program allows builders to lock in a current rate for up to 120 days on individual homes.
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Keeping Current Matters
FEBRUARY 1, 2023
If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of selling it. A short-term rental (STR) is typically offered as an alternative to a hotel, and they’re an investment that’s gained popularity in recent years. According to a Harris Poll survey, 28% of homeowners have considered using a rental service to temporarily rent out their home for additional income.
Inman
FEBRUARY 3, 2023
The world is changing. Consultant Chris Pollinger believes that those who embrace the coming wave of AI will outpace their competition exponentially.
Broke Agent Media
FEBRUARY 3, 2023
On this week’s episode of the Knowledge Broker’s Podcast , Byron Lazine and Tom Toole start things off by discussing the latest Fed meeting and why Lawrence Yun considers the latest 25 basis-point rate hike good news for home buyers waiting for mortgage rates to drop. Today’s second topic is the drop in inventory and what that means for home buyers and sellers, followed by the jobs report for January 2023 , with unemployment hitting 3.4%, the lowest level since May 1969.
Housing Wire
FEBRUARY 3, 2023
The past few years in the housing industry have been nothing short of unprecedented. In 2020 and 2021, many homeowners refinanced, locking in historically low 30-year fixed rate mortgages. And now, with the impact of inflation and looming economic uncertainty, home equity lines of credit (HELOCs) are an increasingly popular choice for those who are considering tapping into their home’s rising equity while protecting their existing, low mortgage rates.
Speaker: Tim Hughes, Co-Founder and CEO of Digital Leadership Associates
In this era of social media, traditional ways of selling are not as effective as they used to be. As prospects become more proficient on social media, many organizations struggle to keep up, not knowing how to navigate the new digital landscape. With most of the world’s population active on social media, it is imperative that teams improve their sales strategies by investing in sales coaching & training.
Keeping Current Matters
JANUARY 31, 2023
As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling.
Inman
FEBRUARY 3, 2023
Your real estate website is your window to the world, writes luxury expert Laura Stace. It allows potential clients to see your experience in the real estate industry, your business acumen and also to connect with you should they wish to take the next steps.
Broke Agent Media
FEBRUARY 3, 2023
BAM Key Details: A new Zillow study shows minimum wage earners need three roommates (or four jobs) to afford a typical two-bedroom rental unit. Only in 10 of the 50 largest U.S. metros can two full-time workers earning the minimum wage afford a two-bedroom rental without straining their budgets. There’s a reason why so many minimum wage earners still live with their parents.
Housing Wire
FEBRUARY 3, 2023
This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the data for this year, along with a roundtable discussion on how these insights apply to your business.
Speaker: Rivers Pearce, CEO of W8LESS
Successful real estate professionals know that the most powerful tool in their business (aside from their stellar personality, of course) is maintaining a robust database of past, current, and prospective clients. However, keeping your contacts in a spreadsheet, or worse, sitting in your iPhone, simply won’t cut it in today’s world. In this session, Rivers Pierce, CEO of W8LESS, will teach you how winning agents restore and revive their database to continue to gain market share.
Keeping Current Matters
JANUARY 30, 2023
There are plenty of good reasons you might be ready to move. No matter your motivations, before you list your current house, you need to consider where you’ll go next.
Inman
FEBRUARY 3, 2023
Fello centers itself around a series of lead-capture website add-ons that can be easily customized, turned on and off, and fed into any number of integrated CRM solutions used by the brokerage, team or agent.
Broke Agent Media
FEBRUARY 3, 2023
BAM Key Details: The latest edition of the Realtor.com® Monthly Housing Trends Report shows buyers in January had more bargaining power. More home buyers looked to relocate in January, with 56% of listing views going to homes outside the home shopper’s current market. Midwest and Northeast metros with more affordable housing gained in popularity, with more online traffic from out-of-towners.
Housing Wire
FEBRUARY 3, 2023
Let’s first state the facts regarding our country’s wonderful week in labor data. Job openings are over 11,000,000. Jobless claims are under 200,000. The unemployment rate in America is 3.4%. When we look at the history of U.S. economics, this week is one for the record books. As someone who professed early in the Covid-19 recovery that we would see 10,000,000 job openings — and the labor dynamics are much different now than what we saw in 2008 — it’s Van Gogh art week when I see all the d
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Eye on Housing
FEBRUARY 3, 2023
Job growth rebounded in January. After declines for five consecutive months, total nonfarm payroll employment increased by 517,000 in the first month of 2023 and the unemployment rate hit a 53-year low at 3.4% as more people entered the labor market. Construction industry employment (both residential and non-residential) totaled 7.9 million and exceeds its February 2020 level.
Inman
FEBRUARY 3, 2023
Today, putting together a seamless smart home setup doesn't have to be expensive. Find out how to create one on a budget.
Broke Agent Media
FEBRUARY 3, 2023
BAM Key Details: According to a new analysis by LendingTree, single women are more likely to own a home than single men in 48 of 50 states. Data from the U.S. Bureau of Labor Statistics reveals that while women earn, on average, 83.1 cents for every dollar men earn, single women own roughly 2.46 million more homes than single men. Factors that defy the income gender gap include a greater desire for homeownership and more readiness to make sacrifices to afford a home purchase According to a ne
Housing Wire
FEBRUARY 3, 2023
The labor market started off in 2023 with a bang, which could mean trouble for the housing market as the Federal Reserve continues to try and bring inflation under control this year. Total nonfarm payroll employment rose by 517,000 jobs from December to January, according to data released Friday by the Bureau of Labor Statistics. In comparison, the job market gained an average of 401,000 jobs per month in 2022.
Speaker: Brynne Tillman CEO | LinkedIn Whisperer at Social Sales Link
In many organizations, Sales Enablement is owning both LinkedIn and Social Selling. LinkedIn, even the free version, is an essential sales tool that every sales professional should be using, while leadership is continuing to turn to Sales Enablement to ensure that the business development team has all the strategies and tactics they need to be successful.
Real Trends
FEBRUARY 3, 2023
Cloud-based real estate brokerage The Real Brokerage Inc. now has an agent count of over 9,000 in the U.S. and Canada thanks to the addition of The Barron Team , which left Compass to join Real’s network. The 15-member San Diego-based Barron Team is led by Emma Barron Lefkowitz and Brian Tague. The firm has ranked in the top 1% of the 29,000 agents in San Diego County for four straight years and closed more than 150 transactions and $200 million in sales in 2022.
Inman
FEBRUARY 3, 2023
We live in an amazing time with unprecedented tools and technology, writes Jimmy Burgess. By tapping into the leverage these tools provide, your business can’t help but grow.
Seattle Times Real Estate
FEBRUARY 3, 2023
A major turnover of Seattle council seats is coming. Candidates need to show they can work to rebuild a wounded city, writes Jon Talton.
Housing Wire
FEBRUARY 2, 2023
The Federal Reserve Chairman Jerome Powell maintained a hawkish tone during his speech at a press conference on Wednesday afternoon — but it wasn’t hawkish enough to keep optimism from spreading across the markets as mortgage rates dropped closer to 6%. “Inflation remains well above our longer-run goal of 2% over the 12 months ending in December: total PCE prices rose 5%; excluding the volatile food and energy categories, prices rose 4.4%,” Powell told journalists. “While recen
Speaker: Grier Allen, CEO and Co-Founder of BoomTown
For real estate professionals, 2021 was an iconic year. And while the seller’s market continues to shape 2022, real estate experts predict significant changes in inventory, mortgage rates, home prices, and buyer’s checklists. It can be difficult to navigate these constant shifts. However, with the right strategy in place, there is no doubt that you can achieve success.
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