Sat.Jan 14, 2023 - Fri.Jan 20, 2023

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Housing Market Tracker: Weekly inventory adds 1,339 homes

Housing Wire

Here’s the rundown for the last week: Purchase application data has stabilized — the bleeding stopped. Housing inventory increased by 1,339 homes nationwide. This is a small number but could be the start of an important trend. Mortgage rates fell along with bond yields, showing that mortgage rates peaked on Oct. 20. The weekly data shows some good news for the housing market !

Marketing 531
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Think Twice Before Waiting for 3% Mortgage Rates

Keeping Current Matters

Last year, the Federal Reserve took action to try to bring down inflation.

Mortgages 254
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23 video content ideas every real estate agent should make in 2023

Inman

Whether you’re going all in on video in 2023 or creating your first, these 23 video content ideas from Jimmy Burgess will get you in front of more potential clients, position you as the local expert and get your creative juices flowing.

Agents 156
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Single-Family Permits Decreased in November 2022

Eye on Housing

Over the first eleven months of 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 921,626. On a year-over-year (YoY) basis, this is 10.5% below the November 2021 level of 1,029,208. Year-to-date ending in November, single-family permits declined in all four regions. The South posted a decline of 8.4%, while the West region reported the steepest decline.

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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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Comparing to Last January

BubbleInfo

The chart above shows that there were 61 new NSDCC pendings through January 16th last year – when mortgage rates were in the low-3s and we were in full frenzy mode. Through the 18th, there are 62 new pendings this month! We are on about the same pace as last year? Who woulda thunk it?

Mortgages 105

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US banks prep for slashed revenues as the economy worsens

The American Genius for Real Estate

Banks are tightening their belts as quarterly revenues roll in - despite results, they expect the economy to continue to decline.

Banks 104
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Is Selling Your Home if You Owe More Than it's Worth Worth It?

Realty Biz

Many people purchase homes with the intent to build equity, though life happens and homeowners end up underwater, whether it is upside down or with negative equity. But what do these terms mean? The total balance owed on a mortgage is more than the house is currently worth. Winding up with Negative Equity With the change in the market, housing prices fall and rise.

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Analytics firm Plunk expands home valuation tools

Real Trends

Today’s housing market is rapidly changing. Because of that, real estate analytics platform Plunk recently launched a self-service developer portal that will allow customers to deliver a clear, real-time view of the housing market. The new APIs help developers more easily create real-time digital access to the most current housing data , which has also historically been expensive, hard to access, and difficult to integrate.

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Which real estate contingencies are most important? (Podcast)

The Mortgage Report

What is a contingency in real estate? The phrase “contingency” is a pretty common one in the real estate world. Essentially, it’s a clause in a sales contract — a […].

Sales 102
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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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The mortgage industry is nervous about LLPA fee changes

Housing Wire

The Federal Housing Finance Agency this week made a series of significant changes to loan level pricing adjustment (LLPA) fees charged by Fannie Mae and Freddie Mac on conventional/conforming mortgages. It’s generating concern among mortgage and real estate trade groups, who fear the tweaks will hurt qualified borrowers amid an existing affordability crisis.

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Have Home Values Hit Bottom?

Keeping Current Matters

Whether you’re already a homeowner or you’re looking to become one, the recent headlines about home prices may leave you with more questions than answers.

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Viyaleta Kachan was 1 of the 21,434 Americans to launch a real estate career in 2022. Here’s her story

Inman

Inflation and rising interest rates tilted the housing market off its axis in 2022. Here's the story of one woman who joined the ranks of real estate agents last year — and thrived amid the chaos.

Agents 176
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Building Materials Price Growth Slows 60% in 2022

Eye on Housing

The producer price index (PPI) for inputs to residential construction less energy (i.e. building materials) rose 8.3% in 2022 (not seasonally adjusted) according to the latest PPI report—less than one-half the increase seen in 2021. On a monthly basis, building materials prices declined 0.3% in December—the fourth consecutive monthly decrease. After increasing an average of 1.8% per month the first five.

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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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Housing inventory falls under 1M again as sales collapse

Housing Wire

On Friday NAR reported that total housing inventory levels broke under 1 million in December, dropping to 970,00 units for a population of 330 million people. And existing home sales crashed in 2022 from a peak of around 6.5 million in January down to about 4 million in December, We now have total inventory levels near all-time lows again. In one of the most historical years in the U.S. housing market , we just experienced an event that most people never thought could happen.

Sales 540
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What Past Recessions Tell Us About the Housing Market

Keeping Current Matters

It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession.

Marketing 218
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Inside Real Estate acquires industry competitor BoomTown

Inman

In what could be described as the most significant proptech acquisition since Zillow purchased ShowingTime, the resulting company will boast 700 employees and a massive range of customers.

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5 Bathroom Design Rules You Should Break in 2023

Realtor.com

Getty Images Most homebuyers embark on their house hunt with a list of deal breakers, but an outdated bathroom typically isn’t one of them. Sure, it might be hard to imagine yourself relaxing in a bathtub surrounded by stained tile, but most buyers can get past this flaw because it can be fixed rather painlessly. That’s why bathroom renovations are common among new homeowners and people who have owned their homes for decades.

Design 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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Lower mortgage rates, higher inventory boost demand for home loans 

Housing Wire

Like its competitors, Tennessee-based First Community Mortgage, Inc. (FCM) reduced the company’s size through 2022 amid a tough mortgage market. At the start of 2023, the company is investing in training the sales team on tactics to start growing the business again. Surprisingly, the landscape is helping. “There is certainly optimism in the air as mortgage applications have started to pick up on,” Keith Canter, CEO at First Community Mortgage, said. “The optimism is

Loans 433
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Pre-Approval in 2023: What You Need To Know

Keeping Current Matters

One of the first steps in your homebuying journey is getting pre-approved.

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Why Keller Williams is a tech biz, according to its chief digital officer

Inman

In advance of his appearance at Inman Connect New York on Jan. 24-26, the franchisor's chief technology and digital officer told Inman what agents are asking for since the market changed.

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This Week’s Top Stories: Canada’s Bank Regulator Wants Tighter Rules As Real Estate Prices Crash

Better Dwelling

Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Bank Regulator Wants Tighter Rules To Address Real Estate Risks Canada’s bank regulator is looking to protect the financial system from mortgage risks. Last week, OSFI began a public consultation on new mortgage measures. They include limits on loan-to-income ratios, new […].

Banks 122
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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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The title industry’s role in uncertain times

Housing Wire

After years of historic growth, the housing market is beginning to normalize. Home prices nationwide fell between August and September, marking the first time prices have declined for three consecutive months in nearly four years, according to the Case-Shiller National Home Price Index. As both the real estate industry and consumers prepare for what’s to come, it is critical that we do not take for granted the products and systems that have carried us through other cycles of economic downturn.

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Bring Hygge Home With These 6 Interior Design Tips

Sotheby's International Real Estate

Barcelona & Costa Brava Sotheby’s International Realty It’s no coincidence that the word hygge sounds a lot like “hug” when pronounced correctly—“hoo-gah”. The concept is Scandinavian in origin, though Denmark is the nation that elevated it to aspirational lifestyle status. Fittingly enough, hygge-centric designs often create spaces that feel like a warm embrace, fostering a sense of coziness and conviviality along with feelings of wholeness and well-being.

Design 121
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Opendoor in 2023: The iBuying king and a business model in turmoil

Inman

Opendoor faces a fight for survival after "an abrupt strategy pivot" sent Opendoor into 2023 "without a proven business model." Here are the five biggest challenges facing the king of a troubled business model.

Brokerage 159
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‘So Why Are You Selling?’ 10 Answers You Should Never Give

Realtor.com

Milkos/iStock This might seem like a perfectly innocent question from home buyers, but watch out—if you’re the home seller they’re asking, this is one of the diciest questions you can answer. The reason: Pretty much any explanation you give is bound to contain revealing info that these home buyers could use against you, thereby compromising your negotiating power.

Agents 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.