Sat.Jun 03, 2023 - Fri.Jun 09, 2023

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What is the meaning of full service?

Inman

Does "full-service real estate" really mean anything, or is it just something brokerages say to charge higher fees? Teresa Boardman looks at the service-shortfalls of so-called full-service brokerages and teams.

Brokerage 142
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Could 6% to 7% 30-Year Mortgage Rates be the "New Normal"?

Calculated Risk Real Estate

A key pitch, by real estate agents for home buyers right now, is that they will likely be able to refinance at a lower mortgage rate in a few years. The argument is that once the Federal Reserve has inflation back down to the 2% target, 30-mortgage rates will decline, perhaps to around 5% or lower. Of course, no one expects to see 3% mortgage rates without another crisis.

Mortgages 127
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Hilarious Real Estate Videos You Need in Your Life Right Now

The Close

Looking for some inspiration for your next marketing campaign? Need a laugh after a particularly tough day? Maybe you’re on information overload from all the solid strategy, tech reviews, and resources here on The Close, and you just want to kick back and relax? Whatever your reasons, these hilariously funny real estate videos are what you need in your life right now.

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10 Warning Signs That Indicate If the Housing Market Is Crashing

HomeLight

For a homeowner or a buyer, the thought that the housing market might be crashing is pretty scary — the last thing you want is to be responsible for an enormous, overvalued asset while the economy is crumbling. But sometimes, the housing market can remain strong while the overall economy is suffering, and vice versa. So how can you tell if the housing market is crashing ?

Marketing 108
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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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Future of Real Estate Sales

BubbleInfo

I disagreed with the expert opinions yesterday. What are they missing? My thoughts: We cannot apply any previous assumptions or beliefs about real estate sales to the market conditions of today – we need to clean the slate.

Sales 98
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You’re Making a Mistake if You Are Not Adding Contingencies Rehab Budgets

Bigger Pockets

With the way the market's been acting lately, you need to be proactive about protecting yourself. Add this to your list of must-haves.

Marketing 114

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How Long Does a House Stay in Contingent Status?

Maximum Exposure Real Estate

What is The Time Frame a Home Will Stay Contingent? Are you wondering how long a house will stay contingent? When you set out to find your dream home, you may be “a day late and a dollar short.” It is not unusual for buyers to find a house they love that someone else has […] The post How Long Does a House Stay in Contingent Status?

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Why higher rates aren’t crashing home prices

Housing Wire

Home prices aren’t crashing, despite what the housing bubble boys are saying. In fact, home prices have firmed up higher recently. The housing bubble boys are a crew that from 2012 to 2019 screamed housing crash every year. They went all in during COVID-19 in 2020, doubled down in 2021 as the forbearance crash bros but really bet the farm on a massive home-price crash in 2023 after the most significant home sales crash ever in 2022.

Mortgages 546
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Real Estate Is Still Considered the Best Long-Term Investment

Keeping Current Matters

With all the headlines circulating about home prices and rising mortgage rates, you may wonder if it still makes sense to invest in homeownership right now.

Mortgages 237
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When real estate is 'All in the Family'

Real Estate News

It's not uncommon for agents and brokers to work alongside spouses, siblings and other family members — see how they make it work + 4 tips for success.

Agents 301
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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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Keller Williams’ Laurie Reader: It’s ‘a full-blown, skill-based market’

Inman

Ahead of her appearance at Inman Connect Las Vegas, the CEO of Laurie Finkelstein Reader Real Estate shares why absorbing information and attending events is more crucial than ever in 2023.

Marketing 157
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Opinion: Release the GSEs from conservatorship

Housing Wire

After the recent extraordinary show of force defending changes to LLPAs by federal regulators and their friends, the forest through the trees risk remains in focus to me. One of the great concerns I have, as both a former regulator and the former head of a major industry trade association, is the downside risk of keeping the GSEs in conservatorship any longer.

Loans 545
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What Does Contingent Mean in Real Estate?

HomeLight

You’ve been browsing for a home when suddenly a particular listing catches your eye. It’s a lovely four-bedroom Colonial, beautifully presented in the heart of a mature neighborhood. But as your eyes scan the details of the listing, you come across a term that makes you pause: “Contingent.” So, what does contingent mean in real estate?

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Real Estate News columnists bring home top industry awards

Real Estate News

Leading economist Dr. Paul Bishop and respected broker J. Philip Faranda were honored by the National Association of Real Estate Editors at their annual event.

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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 Texas plan that could win even more new homeowners

Inman

High property taxes in Texas have in the past canceled out some of the state's affordability advantages. But political leaders are looking for ways to reduce homeowners' tax burden.

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Tight credit, high rates and low inventory add to buyers’ affordability struggles 

Housing Wire

The affordability challenges homebuyers are facing are becoming more deeply entrenched, according to Black Knight ‘s most recent monthly mortgage monitor report. “In a sense, the gridlocked housing market has been feeding on itself,” Andy Walden , VP of enterprise research strategy at Black Knight, said. Tightening credit availability, elevated rates, inventory shortages and strengthening home prices are adding to affordability challenges, the report notes.

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The Bold and the Beautiful: 4 Homes with Vibrant Interiors

Sotheby's International Real Estate

Choosing bold paint shades is an effortless way to transform an interior space from commonplace to compelling. These spirited residences succeed with vivid, eye-catching doses of color in a variety of spaces. Fifth Avenue Aerie Elizabeth L. Sample, Brenda S. Powers | Sotheby’s International Realty – East Side Manhattan Brokerage High above Fifth Avenue in East Harlem, this dramatic 3,045-square-foot condominium residence is a sophisticated aerie with magnificent views and floods of natural

Brokerage 142
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Homeowner equity ticks down but is still riding high

Real Estate News

Home equity dipped last quarter for the first time in a decade, but big gains in recent years have kept most homeowners squarely in the black.

Equity 278
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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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Oxygen loss may have led to crash that killed Keller Williams agent

Inman

Adina Azarian died Sunday when the small plane she was on crashed in Virginia. Investigators are now exploring the possibility that hypoxia impacted people on the Cessna 560 Citation V.

Agents 154
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Federal agencies propose guidance for residential real estate ROVs

Housing Wire

Five federal agencies, including the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve , the National Credit Union Administration (NCUA) and the Office of the Comptroller of the Currency (OCC), are collectively proposing new interagency guidance on the reconsiderations of value (ROVs) for residential real estate transactions.

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What Does ‘Coming Soon’ Mean in Real Estate?

RIS Media

When searching the property listings for your next home, you might find some “coming soon” properties. If you are interested in a listing like this, what do you need to know about coming soon homes for sale? We look at the things you need to be aware of with coming soon real estate listings when… The post What Does ‘Coming Soon’ Mean in Real Estate?

Sales 133
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Tighter credit adds another hurdle for buyers

Real Estate News

Black Knight reports that recent borrowers had higher credit scores and larger down payments, suggesting that lenders have tightened their standards.

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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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CoStar to sunset Homesnap brand this year as it transitions to Homes

Inman

The real estate juggernaut is sunsetting the Homesnap brand name and products by the end of the year in favor of transitioning users to its dominant residential real estate brand Homes.com.

Branding 155
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Mortgage payments fell in May while income rose

Housing Wire

With mortgage rates still in the upper-mid 6% range, borrowers who received mortgages in May 2023 paid an average of $2,331 a month, up 20% from a year prior. That’s according to the latest origination data from mortgage tech firm Candor Technology. Per data from Candor’s underwriting engine, the average buyer in May 2023 received a loan worth about $364,094 at an average APR of 6.48%.

Mortgages 384
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First-Time Homebuyers Still View Homeownership as Important

RIS Media

Despite the fluctuating housing market this past year, confidence levels remain high with 44% of potential homebuyers, up 12% from the previous year, indicating they are confident they’ll be financially ready to purchase in the coming year, according to a new report from Chase. Chase’s First-Time Homebuyer Study is based on the responses of 1,900… The post First-Time Homebuyers Still View Homeownership as Important appeared first on RISMedia.

Marketing 132
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A hazy future for homeowners insurance in California

Real Estate News

Two of the state's top providers will no longer accept new applications, setting a grim precedent and adding another challenge for buyers.

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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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Mauricio Umansky knows a thing or 2 about leveraging media coverage

Inman

No matter how many years of real estate experience you have, thoughtfully embracing and leveraging media coverage can be a highly impactful way to amplify your brand, expand your business and gain new clients.

Branding 153
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Survey: High mortgage rates are keeping many Americans from buying a home

Housing Wire

Homebuyers these days are facing much higher costs of ownership compared to a year ago, pushing most to the sidelines. Mortgage rates and home prices are high and inventory is paltry, resulting in a largely frozen housing market. Nearly two-thirds of Americans say they are waiting for mortgage rates to drop before entering the market, according to a survey released this week by BMO Financial Group , the eight-largest bank in North America.

Mortgages 384
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As Williamsburg Tenants Fight Rooftop Battery Installation, City Moves to Make Them As of Right

Brownstoner

Editor's Note: This morning, New York City's Board of Standards and Appeals approved a special permit for the installation of a battery energy storage system at 315 Berry Street, allowing MicroGrid Networks to proceed with the Department of Building's permitting process. Tenants in an early 20th century Williamsburg building fighting the… Read More > The post As Williamsburg Tenants Fight Rooftop Battery Installation, City Moves to Make Them As of Right appeared first on Brownstoner.

Marketing 128
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Home appreciation sluggish but could double by end of year

Real Estate News

CoreLogic reported that national home price growth slowed to just 2% year over year in April, but gains (and losses) varied locally.

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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.