Housing Wire
JANUARY 16, 2023
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 !
Keeping Current Matters
JANUARY 17, 2023
Last year, the Federal Reserve took action to try to bring down inflation.
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Inman
JANUARY 19, 2023
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.
Eye on Housing
JANUARY 17, 2023
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.
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 19, 2023
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?
Kyle Handy
JANUARY 18, 2023
Are you considering investing in a rental property but need to know whether it is a wise financial decision? Determining the potential return on investment (ROI) is one of the most critical steps when evaluating a potential property purchase. Unfortunately, calculating ROI can be complicated and intimidating for novice real estate investors. Do you want to ensure you get the most out of your rental property investment?
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Realty Biz
JANUARY 19, 2023
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.
Real Trends
JANUARY 18, 2023
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.
The Mortgage Report
JANUARY 16, 2023
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 […].
Housing Wire
JANUARY 20, 2023
Blank-check firm Aurora Acquisition Corp. wants to extend the deadline for completing its merger deal with struggling digital mortgage lender Better.com by six months for the third time, further dimming the prospects for the deal to go through. Novator Capital -sponsored Aurora shareholders will vote on an undisclosed date to extend the deadline by which the company “must either consummate a merger, share of exchange asset acquisition, share purchase, reorganization or similar business com
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Keeping Current Matters
JANUARY 19, 2023
One of the first steps in your homebuying journey is getting pre-approved.
Inman
JANUARY 20, 2023
Mortgage giants' federal regulator eliminates upfront fees for first-time homebuyers of limited means, but some better-off borrowers will see increases.
Broke Agent Media
JANUARY 20, 2023
Welcome to this week’s selection of bad real estate pics straight from Instagram. #1— Check Every Switch Just when you think it can’t go higher, it does… This sound triggered my fight or flight. View this post on Instagram A post shared by Real Estate Fails (@badrealestatepics) #2— Understandable Light Switch I was trying to figure out why this wasn’t removed for showings and concluded that it’s probably super glued on.
Housing Wire
JANUARY 20, 2023
An industry downturn is when leaders find out the real capabilities of the companies they have built. It’s easy to show a profit when sales are high, but when the tide rolls out the dangerous rocks appear. In the title industry , like the rest of the home finance industry, the real dangers are high operating costs that come from inefficiency. As the market contracts, experienced title agency executives can feel the shift and know exactly what it means.
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 18, 2023
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.
Inman
JANUARY 20, 2023
Byron Lazine and Nicole White are two agents in Connecticut who give us their thoughts on the week’s news every Friday in “The Real Word,” a weekly video column on Inman. This week, Lazine and White are talking about the Keller Williams cold-call settlement, the increase in home price cuts, and the weekly media review Left, Middle, Right.
Broke Agent Media
JANUARY 20, 2023
BAM Key Details: Yardi Matrix’s National Student Housing Report projects another strong year for the student housing market in 2023. As of December, 48% of beds at Yardi 200 universities were already leased for Fall 2023, a new record high. The strong performance of student housing in an uncertain economy makes it an excellent choice for property investors, particularly those interested in rental properties.
Housing Wire
JANUARY 20, 2023
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.
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 16, 2023
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.
Inman
JANUARY 20, 2023
The move follows layoffs by parent company Anywhere, which said the company would be looking for more ways to cut costs, including office space.
Broke Agent Media
JANUARY 20, 2023
BAM Key Details: Zillow reports the U.S. housing market, weighed down by cost strains and seasonal cooling, is moving closer to “normal.” Mortgage rates are down and have brought a slight reduction in monthly mortgage costs, but rates are still high enough to make both buyers and sellers cautious about returning. Zillow reports the U.S. housing market is closer to “normal.
Housing Wire
JANUARY 20, 2023
The phrase “in like a lion, out like a lamb” is typically used to describe the month of March, but it is also applicable to existing home sales trends in 2022. After posting a 6.5% month-over-month increase in January , existing home sales trended downward throughout the rest of the year. In December, the seasonally adjusted sales pace for existing homes dropped 1.5% from November to a pace of 4.02 million, according to a report from the National Association of Realtors (NAR) released Friday.
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Seattle Times Real Estate
JANUARY 19, 2023
Regal Meridian 16 in downtown Seattle, open since the mid-1990s, is reportedly one of 39 Regal locations closing nationwide.
Inman
JANUARY 19, 2023
Slowing mortgage rate growth impacted homebuyers and sellers in different ways in December, according to Zillow's latest market report. The dip was enough for buyers to navigate the winter market, but wasn't enough for would-be sellers to list.
Broke Agent Media
JANUARY 20, 2023
BAM Key Details: Inside Real Estate announced the acquisition of BoomTown on January 19, 2023. This adds to Inside Real Estate’s technology solutions, which includes the kvCORE Platform. Inside Real Estate announced the acquisition of BoomTown today, stating, Inside Real Estate and BoomTown share a common vision and passion for making real estate professionals more successful.
Housing Wire
JANUARY 20, 2023
Homebuilder confidence and demand for mortgages have increased recently, keeping hopes high for an improved housing market in 2023. But a modest recession is still expected this year, and elevated mortgage rates, coupled with high home prices, will limit housing activity, according to Fannie Mae. Fannie Mae expects total home sales in 2023 to be 4.52 million units, declining from its final estimate of total sales in 2022 and marking the slowest annual pace since 2010, according to its Economic a
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.
Seattle Times Real Estate
JANUARY 20, 2023
For sale: The building that holds this independent, single-screen arthouse theater in Seattle. Staff at the nonprofit learned of the sale listing this week.
Inman
JANUARY 19, 2023
The campaign dubbed "This is a Door" pays tribute to the unexpected possibilities that go along with turning a new chapter in life, such as weddings, having babies and adopting new pets.
Real Trends
JANUARY 20, 2023
Real estate technology provider Inside Real Estate has acquired fellow proptech firm BoomTown, as first reported by Inman News. The acquisition closed on Thursday and the financial terms of the deal were not disclosed. The company name will remain Inside Real Estate. “We’re bringing these two industry leaders together, and we’re pumped about it,” Joe Skousen, the founder and CEO of Inside Real Estate, told Inman.
Housing Wire
JANUARY 20, 2023
Big Four title insurer Old Republic is on the lookout for a new CEO after Mark Bilbrey announced on Thursday that he would be retiring at the end of January. Bilbrey has served as the firm’s CEO since 2019. An industry veteran, Billbrey began working part-time in the title industry over 50 years ago. In a statement shared with the American Land Title Association , Bilbrey said the profession “became my life, my family, my passion and my purpose.
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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