Sat.Jul 22, 2023 - Fri.Jul 28, 2023

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Compass unveils new data-powered agent Performance Tracker

Inman

Compass Head of Coaching Courtney Smith said the brokerage's new data-powered Performance Tracker tool will enable agents and team leaders to track gross commission income, sales volume and other data.

Agents 145
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Fed Provides Little Clarity After Raising Rates to 22-Year High

RIS Media

An unsurprising 25-basis-point rate hike announced by the Federal Reserve today–something that real estate economists urged against–is placing the housing market in an advanced state of limbo, with mixed data signals leaving both policymakers and pundits divided on the probable path of the economy. After a “pause” on rate increases in June–the first time the… The post Fed Provides Little Clarity After Raising Rates to 22-Year High appeared first on RISMedia.

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Bank regulators release plan to increase capital requirements for mortgage lending

Housing Wire

The Federal Reserve , Federal Depository Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) released on Thursday the proposed changes for the Basel III rule (called the Basel endgame), which significantly increases capital requirements for banks. If implemented, the changes will affect the mortgage industry–and trade groups are already coming out in opposition to the new regulation.

Banks 367
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OJO promotes industry veteran Chris Heller to president

Inman

Former Keller Williams CEO Chris Heller previously served as OJO's chief real estate officer. Jerimiah Taylor, formerly a vice president at OJO, will step into Heller's previous role, the company said.

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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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7 Tips for Selling Your Home

Realty Biz

When it comes to selling your home, it's essential to have a solid plan in place. With the right approach, you can maximize your chances of selling quickly and at a favorable price. In this article, we will provide you with valuable real estate tips to help you navigate the selling process successfully. 1. Enhance Your Curb Appeal First impressions matter, especially in real estate.

Staging 97
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Want to Increase Short-Term Rental Bookings? Make an Instagram Account

Bigger Pockets

Don't leave your business' success up to Airbnb's algorithm. Take matters into your own hands by doing this and watch your bookings grow!

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More Trending

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How to Evaluate an Airbnb Investment

Mashvisor

Over the past few years, the Airbnb investment strategy has been a very lucrative way for investors to make money in real estate.

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First-time buyers need to earn $64,500 to afford a typical starter home

Housing Wire

High mortgages and stubbornly elevated home prices are worsening the housing affordability crisis. A first-time homebuyer must earn roughly $64,500 per year to afford the typical U.S. “starter” home, up 13% from a year ago, according to a new report from Redfin. In June, the typical starter home sold for a record $243,000, up 2.1% from a year earlier and up more than 45% from before the pandemic.

Investor 370
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Brokers in Focus: Community-driven approach is a winning strategy

Real Estate News

Dava Davin, whose firm did nearly $860M in sales volume in the past 12 months, believes a philosophy of altruism has helped her win clients — and agents.

Agents 246
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Tips for Making Your Best Offer on a Home

Keeping Current Matters

While the wild ride that was the ‘unicorn’ years of housing is behind us, today’s market is still competitive in many areas because the supply of homes for sale is still low.

Sales 224
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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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San Diego Realtors sack CEO after $1M embezzlement lawsuit

Inman

The suit accuses now ex-CEO Mike Mercurio of using association credit cards for personal purchases, inflating his vacation time and selling items that the association paid for on eBay.

MLS 148
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The Agency ventures into core services

Housing Wire

Mauricio Umansky ‘s residential brokerage The Agency is venturing into core services. Through partnerships with Bubble Insurance Solutions and New American Funding , real estate agents at The Agency will have access to mortgage lending services and insurance services for their clients. With Bubble Insurance Services, The Agency is launching its own affiliate insurance service, Agencia Insurance Solutions , which will serve new and past The Agency clients in California and Arizona.

Brokerage 361
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Why do sellers pay buyer-broker commissions?

Real Estate News

The system of sellers funding commissions, which are then shared between seller and buyer agents, goes back more than 100 years. Is it time for a change?

Agents 240
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Decoding Assessed Value vs. Market Value in Property Valuation

RIS Media

When determining a property’s worth, two crucial terms come into play: assessed and market value. While they aim to estimate a property’s value, their purpose, methodology and significance differ. Understanding the distinction between these terms is essential for homeowners, buyers and sellers alike. We will delve into assessed value vs. market value and shed light… The post Decoding Assessed Value vs.

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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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First there was the tiny home. Now get ready for the tiny gym

Inman

A company that offers "the most private workout you’ll ever get" in shipping containers outfit into tiny gyms is looking to franchise across the U.S., according to The Gym Pod.

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Productivity report: The data on real estate agents vs. teams

Housing Wire

When you think about a real estate team , you automatically think they must be more productive than individual agents, right? Not so fast. Clearly, over the last decade, teams have grown far faster than individual agents in terms of closed transactions. This is not unexpected, as teams have the ability to scale their business far easier and faster than an individual agent.

Agents 370
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The latest housing trend: Permanent vacations

Real Estate News

More people are moving closer to beaches and further from urban centers to places with city amenities and lower housing costs, according to a new report.

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Tech Versus Traditional: The Challenge to Real Estate Philosophy

RIS Media

From left to right: Kymber Lovett-Menkiti, Christian Barnes, Drayton Saunders, Leo Pareja and Rick Haase. Editor’s note: The Power Broker Roundtable is brought to you by the National Association of REALTORSⓇ and Kymber Lovett-Menkiti, NAR’s broker relations liaison. Watch for this column each month, where we address broker issues, concerns and milestones.

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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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Ginger Wilcox isn’t interested in stepping into Sherry Chris’ shoes

Inman

With 30 years of experience at some of the world's most recognizable brands, the newly-minted Better Homes and Gardens Real Estate president spoke to Inman about settling into her new role.

Branding 148
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Pending home sales rose 0.3% in June, the first increase in 3 months

Housing Wire

After dropping slightly month over month in May , pending home sales ticked back up in June, rising 0.3%, according to data released Thursday by the National Association of Realtors (NAR). It contrasts with new home sales , which moderated in the same period (-2.5%). Year over year, pending home sales were down 15.6%, a smaller decrease than the 22.2% annual drop recorded in May.

Sales 366
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Compensation lawsuits could 'explode' MLS status quo

Real Estate News

Realtracs CEO Stuart White believes the MLS landscape could look very different in a post-"cooperation and compensation" future.

MLS 246
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Consumer Spending Data Provides Further Signs of Cooling Inflation

RIS Media

In the wake of the Federal Reserve ending its short-lived “pause” on rate hikes, the latest personal consumption expenditure (PCE) index—the Fed’s preferred inflation measurement—has shown continued cooling. The Commerce Department announced Friday that PCE inflation rose 3% in June from a year earlier, down from May’s reading of 3.8%. Core prices—everything except volatile food… The post Consumer Spending Data Provides Further Signs of Cooling Inflation appeared first on RISMedia.

MLS 98
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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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US economy avoids recession yet again — no thanks to real estate

Inman

With the gross domestic product eclipsing expectations in 2Q, the US appears to have avoided a long-predicted recession, even as the real estate industry remains mired in a deep contraction.

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Success stories key to real estate recruiting

Housing Wire

A top-notch team can be the difference between nailing your GCI goals and missing the mark entirely. Building a robust team of real estate agents isn’t just about attracting talent —it’s about appealing to the right talent. One of the most effective strategies for this is leveraging your own team’s success stories to generate inbound recruiting leads.

Brokerage 363
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Florida and Texas markets are slowly regaining some balance

Real Estate News

After heating way up over the past few years, prices and inventory in two of the most populous states are showing signs of stabilizing.

Marketing 239
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Realtor Interview Questions For Buyers

BubbleInfo

Because there are pending class-action lawsuits that intend to “decouple” the commissions, home buyers will soon be paying their buyer-agent directly for their services.

Agents 98
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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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‘Fight it tooth and nail,’ LA agents warn as Chicago mulls mansion tax

Inman

As Chicago Mayor Brandon Johnson narrows in on a 2.65 percent tax on purchases of properties over $1 million, luxury agents in Los Angeles offered their advice to concerned Windy City agents.

Agents 143
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Opinion: why real estate agents should serve their community

Housing Wire

The importance of giving back to the community has never been more crucial or weighted with as much importance by the business world as right now. Real estate agents and business leaders play a pivotal role in improving the cities in which they operate, making community service an essential value to their professions. Not only does community service foster connection and belonging in the communities that agents serve, but it can also further develop and challenge agents to grow professionally an

Agents 350
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Commissions lawsuits continue to progress in the US, Canada

Real Estate News

The defendants in several major lawsuits have not gained any ground this summer as the first case moves toward trial in less than 3 months.

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Mortgage Mix: Current Rates and Affordability Challenges Keep Buyers on the Sidelines

RIS Media

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. According to the latest Primary Mortgage Market Survey® from Freddie Mac, released July 27, 2023, the 30-year fixed-rate mortgage (FRM) sits at 6.81% (rising slightly from 6.78% the week prior). The 15-year FRM currently stands… The post Mortgage Mix: Current Rates and Affordability Challenges Keep Buyers on the Sidelines appeared first on RI

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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.