The Close
AUGUST 18, 2022
Real estate prospecting letters—letters agents send to buyers, FSBO, FRBO and Expired listing homeowners—are still one of the best ways to generate leads in 2022. Here’s why: older homeowners respond very well to snail mail delivered by the good old USPS. And since almost every other demographic is sick of online ads, prospecting letters tend to have an excellent response rate.
Keeping Current Matters
AUGUST 17, 2022
If you’re wondering if home prices are going to come down due to the cooldown in the housing market or a potential recession, here’s what you need to know.
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Realty Biz
AUGUST 17, 2022
It’s no secret that we’re in the digital age, and real estate agents have had to adapt in recent years. Today, around 70% of realtors have a website. Wait, only 70%? That means that nearly a third of all real estate agents don’t have the central piece of their online marketing strategy. If you don’t have your real estate listings online, then let’s talk about the importance of online marketing for real estate agents!
Eye on Housing
AUGUST 18, 2022
As elevated mortgage rates and higher home prices weighed on housing affordability, existing home sales declined for six consecutive months, according to the National Association of Realtors (NAR). All four regions saw double-digit decline in sales from a year ago. But home price appreciation has slowed as inventory increased. The median existing home prices in July was down $10,000 from.
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Coldwell Banker
AUGUST 18, 2022
The Coldwell Banker brand retained more than $869 million in sales volume and welcomed four new companies in Q2 2022. The post Coldwell Banker Real Estate Reveals Growth Milestones for Q2 2022 appeared first on Coldwell Banker Blue Matter.
Housing Wire
AUGUST 16, 2022
Tuesday’s housing starts report clearly shows that homebuilders are going to be done with single-family construction until mortgage rates fall. Housing completion data is still struggling to get some traction, but in the coming months, builders should be able to get more housing completions done while housing permits and starts for single-family homes are in decline.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Eye on Housing
AUGUST 15, 2022
The prices of building materials rose 0.4% in July (not seasonally adjusted) even as softwood lumber prices increased 2.3%, according to the latest Producer Price Index (PPI) report. Prices have surged 35.7% since January 2020, although 80% of the increase has occurred since January 2021. The PPI for goods inputs to residential construction, including energy, decreased 1.2% as the prices of.
Keeping Current Matters
AUGUST 18, 2022
Whether you’ve just retired or you’re thinking about retirement, you may be considering your options and trying to picture a whole new stage of your life.
Housing Wire
AUGUST 15, 2022
A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for home-equity lines of credit (HELOCs). HELOCs allow homeowners to tap the equity in their home without incurring a much higher first-lien mortgage via a cash-out refinancing.
Realty Biz
AUGUST 16, 2022
In July, the Federal government announced another 0.75% interest rate hike. So, if you’re considering applying for a new home loan in 2022, you can expect to pay a lot more for your mortgage. This is sure to impact the real estate housing market in some way, although so far things aren’t panning out as predicted. The last two years have seen the hot real estate housing market cool slightly.
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Sotheby's International Real Estate
AUGUST 13, 2022
From a Mediterranean manor on the water to a mountain-view contemporary in the high desert of Santa Fe, these homes feature ceilings that create spaces with eye-catching details and a touch of drama. Majestic Mediterranean. Keith Vanderlaan & Michael Massraf | Sotheby’s International Realty – Palm Beach Brokerage. Perched on 110 feet of water frontage, this four-bedroom villa is a bastion of modern Mediterranean grandeur.
Keeping Current Matters
AUGUST 16, 2022
According to a recent survey from the Wall Street Journal , the percentage of economists who believe we’ll see a recession in the next 12 months is growing.
Housing Wire
AUGUST 17, 2022
Struggling digital mortgage lender Better.com is teaming up with secretive big data firm Palantir to create a proprietary loan platform that is says will enable Fannie Mae , Freddie Mac and mortgage investors to make “richer and deeper data-driven mortgage capital allocation decisions.”. Tinman Marketplace, as it has been dubbed, will be powered by Palantir’s Foundry operating system, which Better says will automate 70% of the mortgage process.
Eye on Housing
AUGUST 16, 2022
Single-family built-for-rent sector construction surged during the second quarter of 2022 as homebuying affordability declined on higher mortgage interest rates. According to NAHB’s analysis of data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design, there were approximately 21,000 single-family built-for-rent (SFBFR) starts during the second quarter of 2022.
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Sotheby's International Real Estate
AUGUST 15, 2022
Sotheby’s International Realty today announced the opening of Great Lakes Sotheby’s International Realty, signifying the brand’s continued growth in the state of Michigan. The addition marks the brand’s seventh office in the state. Great Lakes Sotheby’s International Realty is owned and operated by Dean Groulx and Wendy Groulx, who bring more than 60 years of collective experience to the company.
Keeping Current Matters
AUGUST 15, 2022
The desire to own a home is still strong today.
Housing Wire
AUGUST 17, 2022
United Wholesale Mortgage (UWM) this week launched temporary rate buydowns, a product that allows borrowers to receive lower mortgage rates at the beginning of their loan terms by using seller concessions as part of the payment. It’s a complementary product to the wholesale lender’s “Game On” initiative , a cut-rate pricing strategy devised to grow market share with purchase buyers.
Fancy Pants Homes
AUGUST 19, 2022
Move over, Selling Sunset , there’s a new cool real estate show on Netflix! Buying Beverly Hills is a new reality occu-soap following the high-profile agents and clients of The Agency, one of the premier luxury real estate brokerages in the U.S. And reality TV fans have extra reasons to tune in to this one: it has some quite great tie-ins with one of the most famous reality shows of all time, RHOBH.
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.
BubbleInfo
AUGUST 15, 2022
There was a nice bump of 17 additional pendings in the past week, from 151 to 168. The biggest increase was in the $4,000,000+ category, which grew from 24 to 32 pendings! There are two pendings priced at $10,000,000+, and 51 active listings! It doesn’t look like there will be much more change in the […].
The American Genius for Real Estate
AUGUST 18, 2022
Existing home sales are down across the board, and may "soon stabilize," says NAR's chief economist. The post Home sales fell 5.9% for the month, 20.2% for the year appeared first on The American Genius Real Estate.
Housing Wire
AUGUST 17, 2022
July saw whiplash mortgage rates and our audience followed economic news very closely. Articles about rates, housing inventory and inflation were among our most popular, including: Purchase mortgage rates fall same week as Fed rate hike New home sales make it clear, housing is in a recession The nation’s housing market is on a correction course. But we also saw some resiliency, with companies expanding loan products — especially cash out and home equity— and shoring up their mortgage servicing r
Fancy Pants Homes
AUGUST 15, 2022
Rapper Rick Ross is a certified hustler. From building his brands to investing in real estate, he definitely knows how to hustle his way to the top. Back in 2006, Ross released his breakthrough hit Hustlin’ , which quickly climbed the Billboard charts and helped him skyrocket to fame. Fifteen years after his debut album was released, he is now one of the richest rappers alive, with a net worth that’s estimated to be around $45 million.
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.
GeekEstate Agents & Brokers
AUGUST 18, 2022
[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: Dwellsy] With rent prices getting higher than most tenants can keep up and an application process for good units that feels more like applying for a job than a place to live, renting these days is tough. Before even having to afford, apply, get approved for, and move into a new place tenants need to find it, preferably without pay-to-play search results.
The American Genius for Real Estate
AUGUST 19, 2022
Outdated branding can be a big red flag to anyone viewing your website or social media - check these logo trends to improve yours for 2021! The post 6 trending logo design tips that will instantly boost your brand appeared first on The American Genius Real Estate.
Housing Wire
AUGUST 18, 2022
Purchase mortgage rates declined this week on the news that inflation appears to have peaked and appear to be stabilizing. The 30-year fixed-rate mortgage decreased this week to an average of 5.13%, down from last week’s 5.22%, according to the latest purchase mortgage survey from Freddie Mac. A year ago this time, rates averaged 2.86%. The index compiles rates reported by lenders during the past three days. “Inflation appears to be beyond its peak, which has stopped the rapid increa
Sotheby's International Real Estate
AUGUST 16, 2022
The popular 1990s teen television drama may have made the 90210 U.S. Zip code recognizable to a wide global audience, but long before it was known by the real estate cognoscenti for its luxury and sophistication, and today it remains a signifier one of the world’s most illustrious and sought-after addresses. Tucked behind the iconic Beverly Hills Hotel, this unique estate in that coveted neighborhood is on the market for the first time in three decades and represents a rare opportunity to own a
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Maximum Exposure Real Estate
AUGUST 15, 2022
Pricing on Modular Homes Explained If you are considering a new construction, modular homes are an option. Also known as a prefab home, It is a type of property that is becoming increasingly popular, and for good reason. Modular home pricing is often less than less traditional construction. But prefabricated properties are not a new […]. The post What Does a Modular Home Cost to Build: Pricing Explained appeared first on Maximum Real Estate Exposure.
Easy Agent Pro
AUGUST 15, 2022
Imagine a science-fiction movie – or computer program – designed to model behavior when changes are introduced. The Matrix, The 13th Floor, and A Sound of Thunder, are but a few of several such examples where a small historical change gave rise to significant future consequences. And now you’re a programmer interested in seeing how people will react economically to a health crisis.
Housing Wire
AUGUST 18, 2022
There’s a lot that you can learn and gain by listening to the top c-suite leaders in the housing industry, whether you are a new hire, an aspiring entrepreneur or in the c-suite yourself. That is why HW Annual is thrilled to include an amazing line-up of powerful CEOs in the agenda for this year’s conference. Tap into the knowledge bank of these top CEOs who are driving their businesses forward by registering today for HW Annual in Scottsdale, Arizona Oct. 3-5.
BubbleInfo
AUGUST 19, 2022
I think we can say that summer is over, and the off-season is here. How will the rest of 2022 play out, and what will be the effect on the 2023 Selling Season? We know that the local NSDCC sales counts will be low for the rest of 2022. Last year we had 136 closings […].
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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