The Close

SEPTEMBER 8, 2022

Current home sales in 2022 are the second highest tally since 2007, trailing only 2021. Real estate statistics like this one are a critical part of understanding the ever-changing real estate market and the industry at large. We’ve researched multiple sources to bring you 111 of the most compelling real estate stats from across the industry—covering everything from market performance, agent demographics, marketing, teams, brokerages, and more.

Equity 139

Equity Agents Brokerage Closing 139

Keeping Current Matters

SEPTEMBER 7, 2022

If you’ve been thinking of buying a home, you may have been watching what’s happened with mortgage rates over the past year.

Mortgages 235

Mortgages Marketing 235

Real Trends

SEPTEMBER 6, 2022

According to a recent Forbes report, active listing inventory in the U.S. is up nearly 31% for the third month in a row. Along with this comes longer days on the market, lighter showing activity, fewer competitive offers, and more power to qualified buyers. With more listings to choose from, buyers’ agents look for reasons to not show a property.

MLS 111

MLS Staging Agents New Construction 111

Housing Wire

SEPTEMBER 8, 2022

Top 10 lender and servicer Freedom Mortgage has trimmed its workforce across multiple rounds of layoffs this year and continues to “offshore” some jobs, former employees tell HousingWire. In response to falling origination volume, the New Jersey-based mortgage company has conducted at least four rounds of layoffs this year – in March, May and August, multiple sources told HousingWire.

Mortgages 504

Mortgages Loan Officer Loans Finance 504

Advertisement

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.

Agents

Eye on Housing

SEPTEMBER 7, 2022

Despite the pandemic-triggered suburban flight and presumed shifts in preferences towards more spacious living, a rising share of new for-sale homes were built on smaller lots. According to the latest Survey of Construction (SOC), more than two thirds of new single-family detached homes sold in 2021 were built on lots smaller than one-fifth of an acre.

Construction 120

Construction Sales 120

The Close

SEPTEMBER 8, 2022

As Managing Editor of The Close, I’ve interviewed hundreds of real estate agents. From wide-eyed newbies who just got their license to brokers with yearly gross commission income (GCI) in the billions —I’ve talked to pretty much every kind of agent that exists. After so many interviews, I’ve found that the one thing successful agents understand is that getting clients in real estate is a never-ending process.

Branding 107

Branding Brokerage Agents Principal 107

Realty Biz

SEPTEMBER 8, 2022

Pinterest – it’s a well-social network where users can “pin” content they come across while using the internet and create a curated space of links to that content. Whether it’s video, images, or whole pages, Pinterest is used by millions of hobbyists around the world for cooking, crafts, fashion, and more. But did you know that you can use Pinterest to help promote your own professional brand in the real estate market?

Agents 114

Agents Branding Design Marketing 114

Eye on Housing

SEPTEMBER 9, 2022

Residential construction loan volume reached a post-Great Recession high during the second quarter of 2022, as home building activity and new home sales slowed. Outstanding builder loan balances are rising as development debt is being held longer as new homes remain in inventory longer. Loan balances will decline in coming quarters as the development loan market becomes more costly and.

Loans 93

Loans Sales Construction Residential 93

Housing Wire

SEPTEMBER 8, 2022

Bank of America recently announced a loan for lower-income households that doesn’t require homebuyers to come up with a downpayment or closing costs, and doesn’t base the loan on a minimum FICO score. People’s first reaction was to wonder if this was 2008 all over again. Are we really doing those types of loans and promoting homeownership again without understanding the risks?

Loans 543

Loans Banks Equity Closing costs 543

Keeping Current Matters

SEPTEMBER 6, 2022

Owning a home is a major financial milestone and an achievement to take pride in.

246

246

Advertiser: Trellis

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.

Loans

Realty Biz

SEPTEMBER 8, 2022

A massive 99% of millennials and 90% of baby boomers start their search for property online. Nearly half of the real estate businesses say that results from social media give the highest quality leads compared to other sources. With statistics like that, it would be silly to ignore real estate PR. There are many perks to getting your business onto social media.

Development 134

Development As-is Agents Sales 134

Coldwell Banker

SEPTEMBER 8, 2022

Deck out your home for fall with these five easy, creative ways to infuse fall colors and textures into your décor. The post 5 Simple Ideas for Fall Home Makeovers appeared first on Coldwell Banker Blue Matter.

132

132

Housing Wire

SEPTEMBER 7, 2022

The wholesale arm of Rocket Mortgage on Tuesday raised anticipated agency conforming loan limits to $715,000, a sign that the nation’s largest mortgage lender is confident the maximum loan limit set by the federal government will rise by at least 10% in 2023. The increased loan limits for mortgage brokers apply to new registrations and locks effective Sept. 6, the lender said Tuesday.

Loans 451

Loans Mortgages Lending Equity 451

GeekEstate

SEPTEMBER 9, 2022

iOi is September 28th and 29th in downtown Los Angeles ( grab your discounted ticket here ). The evening before, in a special collaboration with the one and only Greg Robertson , the seventh GEM Soirée is taking place in Orange Country. Join us for cocktails and conversation to kick off the week of iOi! Mingle and enjoy time with real estate tech founders, execs, VCs, and practitioners.

Closing 117

Closing Technology 117

Advertisement

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.

Sales

Realty Biz

SEPTEMBER 6, 2022

No matter what type of real estate professional you may be, you need to use the right tools for the job to keep your business running smoothly. This is true for brokers, investors, and real estate agents alike – no matter how you interact with the field of real estate, time-saving, productivity-increasing tools that streamline your business and enhance your customer relationships are invaluable.

Investor 114

Investor Agents As-is Development 114

Coldwell Banker

SEPTEMBER 8, 2022

Tips on how to make sure kids are safe and sound when trick-or-treating at your home this Halloween. The post Halloween Home Safety Tips appeared first on Coldwell Banker Blue Matter.

118

118

Housing Wire

SEPTEMBER 7, 2022

Top mortgage lender NewRez has added to its line of “Smart Series” non-QM products, launching a 40-year fixed-rate interest-only mortgage loan. With the 40-year IO mortgage, borrowers make interest-only payments for the first 10 years, which NewRez says increases their purchasing power and allows for more affordable monthly payments. (It also slows the amount of equity borrowers have in the property.).

Mortgages 441

Mortgages Loans Equity Finance 441

Marco Santarelli

SEPTEMBER 5, 2022

Tennessee is currently a seller's market, with homes selling quickly and for more than they are worth. According to Zillow, the typical home value (or ZHVI) in Tennessee is $303,453. Tennessee home values have gone up 26.1% over the past year. Although this is the statewide trend, each city and town is unique, which is why it's best to consult with a local real estate agent to better understand trends in your area.

Marketing 111

Marketing As-is Sales Agents 111

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.

Agents

Fancy Pants Homes

SEPTEMBER 6, 2022

As far as notoriously haunted mansions go, the Winchester Mystery House is the uncontested leader. Located in San Jose, California, the Queen Anne-style Victorian mansion is known for its size, unique architecture, and utter lack of any master building plan. So why is this magnificent mansion known as one of the creepiest houses in the country? And who owns it?

Construction 111

Construction Lending As-is Industrial 111

Realty Biz

SEPTEMBER 6, 2022

News that tech startup Reali is shutting down is the latest gut punch to the industry because of the economic downturn. After receiving over $290 million in investment since 2016, the one-stop fintech company is winding down. In a press release from the firm, co-founder and company chairman Amit Haller blamed the challenging real estate and financial markets for his company’s failure.

Investor 109

Investor Industrial Finance Technology 109

Housing Wire

SEPTEMBER 9, 2022

As a financial technologist specializing in mortgage since long before “fintech” was a thing, I appreciate how tough market cycles force us to focus. For some individuals and companies, this is your first mortgage down cycle. For others, it’s just a new chapter in your journey. But one thing is certain for all of us: without technical expertise, fintech is just a buzzword, and markets like this are when we earn our place serving America’s consumers.

Mortgages 429

Mortgages Industrial Technology Equity 429

Sotheby's International Real Estate

SEPTEMBER 3, 2022

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Sagaponack, New York | Sotheby’s International Realty – Bridgehampton Brokerage. The more than 4-acre property has three houses, ample space for a pool and a tennis court. A Historic Compound in the Hamptons Hits the Market for $21.5 Million – Mansion Global.

Design 109

Design Brokerage Marketing 109

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.

Agents

Maximum Exposure Real Estate

SEPTEMBER 6, 2022

If you like the idea of minimalist living or want to downsize, tiny homes can seem very appealing. The tiny house cost is another advantage if you want to save money. But how much are tiny houses, and is this type of property within your budget? Pricing for tiny homes will undoubtedly be much less […]. The post How Much Does a Tiny House Cost?

Marketing 106

Marketing 106

Realty Biz

SEPTEMBER 6, 2022

At the end of August, the government updated its economic numbers for the U.S. economy’s performance in the April-June quarter. The update confirmed what it had reported last month: That the economy shrank for two straight quarters. Six months of economic contraction is a widely held but informal definition of a recession. The post-pandemic era very well may be rewriting the definition of a recession.

Construction 109

Construction Residential Development Marketing 109

Housing Wire

SEPTEMBER 7, 2022

Miami-based fintech Milo has started to diversify its portfolio for investors with digital holdings by offering its first crypto-mortgage refinancing product, the company announced on Tuesday. The new offering comes five months after the fintech’s 30-year crypto-mortgage purchase product came to market and reached $10 million in origination volume.

Mortgages 421

Mortgages Equity Loans Finance 421

Sotheby's International Real Estate

SEPTEMBER 3, 2022

Accompanying impressive estates in alluring locations from West Coast to East are lively tennis courts that will win everyone over—game, set, and match. Paramount Ranch Estate. Christine Costello | Sotheby’s International Realty – Pacific Palisades Brokerage. In exclusive gated Paramount Ranch Estates, this impressive equestrian estate occupies more than 10 lush acres and offers every necessity for the horse lover.

Brokerage 108

Brokerage 108

Advertisement

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.

Agents

Fancy Pants Homes

SEPTEMBER 5, 2022

Finally, the spooky season is upon us, which means it’s time to start queuing up your fave horror films for an annual scare-fest. And, if you’re looking for new movies to add to your queue and haven’t managed to catch Ready or Not yet, let me be the first to recommend that you do. ‘At Midnight, you have to play a game…’. When Grace (Samara Weaving – Guns Akimbo , The Babysitter, Snake Eyes ) marries Alex (played by Mark O’Brien – Arrival, Marriage Story, City On A Hill ) a

Staging 106

Staging Closing As-is Design 106

BubbleInfo

SEPTEMBER 5, 2022

The last coffee bet began in 2006 when it was obvious to me and others that the market bubble was popping, so let’s examine the data back to those years to see if we can learn anything that might be helpful when trying to predict the future: NSDCC Listings and Sales between January 1st and […].

Sales 105

Sales Marketing 105

Housing Wire

SEPTEMBER 8, 2022

Mortgage rates rose 23 basis points this week, even closer to the 6% mark, as the market reacts to the Fed’s ongoing aggressive policies to combat persistent inflation. According to the latest survey from Freddie Mac, the 30-year fixed-rate mortgage rose to an average of 5.89%, up from last week’s 5.66%. A year ago this time, rates averaged 2.88%.

Fixed-rate mortgage 417

Fixed-rate mortgage Mortgages Loans Marketing 417

Realty Biz

SEPTEMBER 9, 2022

Buying a house is a dream come true for many people. Still, getting a massive debt representing a significant amount prevents you from saving money. It can also affect your retirement plan or even keep an emergency fund. . Like other debts, paying an early mortgage lets you secure a better financial future. You can go on planned vacation, begin budgeting for your kid’s college fund, or even purchase things you’ve been putting off.

Mortgages 103

Mortgages Principal Loans Banks 103

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.

Sales