Sat.Oct 21, 2023 - Fri.Oct 27, 2023

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Redfin eliminates salaries, pivots to commission model in LA and SF

Inman

Redfin will still classify agents as employees but, beginning next year, will transition those in some California markets to an all-commission-based pay program.

Agents 168
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Pickleball Helps Florida Broker Net Real Estate Deals

National Association of Realtors: Culture Scan

Pickleball Helps Florida Broker Net Real Estate Deals Jay Granieri of One Sotheby’s International Realty in Fort Lauderdale says America’s fastest-growing sport is a perfect match for finding new leads.

Marketing 133
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New listings data unfazed by 8% mortgage rates

Housing Wire

The haunted house ride with the bond market and mortgage rates continued this week, but one housing data line hasn’t been spooked. New listing data appears unafraid of the mortgage rate ghost story over the last few months. Unlike last year, when new listings data had a noticeable move lower once mortgage rates reached 6%, 8% mortgage rates haven’t had any noticeable impact on the latest new listings data.

Mortgages 537
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Why Home Prices Keep Going Up

Keeping Current Matters

If you've ever dreamed of buying your own place, or selling your current house to upgrade, you're no stranger to the rollercoaster of emotions changing home prices can stir up.

Marketing 278
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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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What is the Cost of a Transaction Coordinator in Real Estate?

RIS Media

The world of real estate is known for its complexities, paperwork and intricate processes. Buyers and sellers often rely on professionals to guide them through these intricacies. One such professional is the real estate transaction coordinator (TC). We will explore the role of a transaction coordinator in real estate and the cost associated with their… The post What is the Cost of a Transaction Coordinator in Real Estate?

Agents 125

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Complete Guide to Home Warranties

Bigger Pockets

Whether you're a new real estate investor or a seasoned one, understanding the ins and outs of home warranties can make all the difference in preserving your home's value and minimizing unexpected expenses.

Investor 101
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One remarkable year, and one resilient industry

Real Estate News

There’s been no shortage of news — and challenges — in the past 12 months. But real estate pros keep finding ways to win, and we’re proud to tell their stories.

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The Home Buyer Education Most Agents Fail to Deliver

Tom Ferry

If you’re working with buyers, offering a home buyer education is not a perk – it’s a necessity. And too many agents are leaving their clients in the dark. When the real estate legends at 1000watt release a survey, you can bet there are always important lessons to glean from it. But the one they […] The post The Home Buyer Education Most Agents Fail to Deliver appeared first on Tom Ferry.

Agents 104
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Homebuyers have many options; let’s make sure they’re aware of them

Housing Wire

To many, homebuying is a daunting, often confusing process. Admittedly, the myriad of documents requiring signatures can be overwhelming, especially for first-time homebuyers. Thankfully, there are a number of online resources that can help homebuyers navigate the process. The American Land Title Association, alongside our real estate industry partners, are committed to making transactions easier for everyone through consumer education efforts.

Title 500
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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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The Perks of Selling Your House When Inventory Is Low

Keeping Current Matters

When it comes to selling your house, you’re probably trying to juggle the current market conditions and your own needs as you plan your move.

Marketing 278
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Tom Ferry podcast video delivers fresh drama at Sitzer | Burnett trial

Inman

On Tuesday, plaintiffs’ attorney Michael Ketchmark played a video of a Tom Ferry interview with Allan Dalton of Berkshire Hathaway HomeServices that drew objections and threatened to derail proceedings.

MLS 182
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Seattle voters to decide on $970M levy to fund affordable housing

Seattle Times Real Estate

Supporters say the levy marks a "critical investment" in the city's housing stock, while a sole prominent skeptic argues for other strategies to address the housing shortage.

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Opinion: Local MLS broker marketplaces, rules equitably advance American homeownership

Housing Wire

As the trial of Burnett v. the National Association of Realtors (NAR), et al kicked off this week in a Kansas City, Missouri, federal courtroom, there is a lot at stake for consumers and business competition. Class action attorneys allege real estate commission rates are too high and buyer brokers are being paid too much due to NAR rules. In reality, consumers are better off and business competition thrives very much because of NAR’s rules and how well local Multiple Listing Service (MLS) broker

MLS 466
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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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Invest in Yourself by Owning a Home

Keeping Current Matters

Are you wondering if it makes sense to buy a home right now?

Marketing 285
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Late eXp icon Rick Geha honored with $100K fundraiser

Inman

Rick Geha Team founder Rick Geha suddenly passed away one week after eXp's annual conference in Las Vegas. The Geha family is honoring the late agent's memory with a $100,000 fundraiser for the Oakland A's Make-A-Wish Community Fund.

Agents 179
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Housing Lottery Opens for First-Time Home Buyers for 11 Bed Stuy, Crown Heights Houses

Brownstoner

An affordable housing lottery has opened for the sale of 11 two- and three-family houses in Bed Stuy and Crown Heights. The lottery is specifically for first-time home buyers with households of between two and seven people earning between $104,500 and $227,630 a year. The cheapest house in the lottery,… Read More > The post Housing Lottery Opens for First-Time Home Buyers for 11 Bed Stuy, Crown Heights Houses appeared first on Brownstoner.

Sales 128
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Gary Keller testifies to close out week two of commission lawsuit trial

Housing Wire

KANSAS CITY, Missouri — The final day of the second week of the Sitzer/Burnett commission lawsuit trial began with some procedural news. After filing a motion for a judgment as a matter of law late Thursday, the National Association of Realtors’ request was denied by Judge Stephen Bough. The other defendants in the suit, HomeServices of America and Keller Williams , had previously filed motions for judgment as a matter of law , but both were denied.

Closing 458
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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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Affordable Homeownership Strategies for Gen Z

Keeping Current Matters

The idea of owning a home has always been a big part of the American Dream.

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Young homebuyers could lead the recovery. So what do they want?

Inman

First-time buyers are less likely than homeowners to be holding out for lower mortgage rates. But they hold a host of other priorities and concerns, according to an Intel analysis of buyer behavior.

Mortgages 181
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Is Having a Buyer’s Broker Really Necessary?

RIS Media

Buying a home is a significant milestone in anyone’s life. It often comes with many decisions and complexities. One of the smartest moves you can make as a homebuyer is to enlist the services of a buyer’s agent. But what does a buyer agent do, and how can they help you in your real estate… The post Is Having a Buyer’s Broker Really Necessary?

Agents 127
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Video: If homebuyer demand is so weak, why aren’t home prices falling?

Housing Wire

Everyone knows that potential homebuyers are waiting for better affordability. But if demand for homes at current prices is down then why haven’t home prices fallen to meet the lower demand? The short answer is that while homebuyer demand is indeed low, new supply remains very low, too. For home prices to adjust significantly, we need an imbalance of supply versus demand, and this market is surprisingly balanced.

Mortgages 466
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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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Former Black-Owned Catskill Guest House in Need of Rescue, Yours for $99K

Brownstoner

It requires looking past some caution tape, but for those not daunted by old-house challenges, this Catskill cottage offers the opportunity to bring some life back to a dwelling that spent decades as a Black-owned guest house. In the early 20th century two women made this quirky cottage a welcoming… Read More > The post Former Black-Owned Catskill Guest House in Need of Rescue, Yours for $99K appeared first on Brownstoner.

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How to ensure the best outcomes for clients buying property overseas

Inman

For the past three years, luxury buyers have been on the move. Increased opportunities to work remotely — and, by extension, live remotely — have enabled them to embrace new lifestyles or seek a higher quality of life, whether that means exploring regions and markets with better weather, lower costs, or a more relaxed pace.

Marketing 182
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Friday Flash: Redfin unleashed

1000Watt

Redfin has existed for 20 years. It has yet to be a profitable enterprise. Even during 2021, that most extraordinary of boom years, the company lost $109.6 million. There are a few reasons for this (a poorly-timed acquisition in rentals, an extraordinary investment in technology over the years), but the heart of the matter is simple: Redfin has always paid its agents salaries.

Agents 119
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Builders enjoy a world of sub-6% mortgage rates

Housing Wire

While existing homebuyers have been battling high mortgage rates for months — which are now at 8% — the builders are wooing buyers with lower rates and incentives. Today, the new home sales data beat expectations and surprised people. However, sales have been rising slowly for some time. Using a low bar of sales from last year, the builder’s incentives have created more sales growth and their significant advantage is that they’re offering lower rates to move homes.

Mortgages 479
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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.