Sat.Dec 10, 2022 - Fri.Dec 16, 2022

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Mortgage Activity Increases as Rates Fall

Eye on Housing

Per the Mortgage Bankers Association’s (MBA) survey through the week ending December 9th, total mortgage activity increased 3.2% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate rose one basis points to 6.42%. The FRM rate has fallen 48 basis points over the past month. The Market Composite Index, a measure of mortgage loan application volume, rose.

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Do Open Houses Work

Maximum Exposure Real Estate

What Are Open Houses? Open houses are a marketing activity performed by a licensed real estate agent, usually on a weekend, whereby a home seller’s property is open to the public for a designated time period. Open houses typically last for a couple of hours, when people can come and go at their leisure. There […]. The post Do Open Houses Work appeared first on Maximum Real Estate Exposure.

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Time Management for Realtors: Why Smart Agents Don’t Work 80-hour Weeks

The Close

When I worked in real estate in Manhattan, I noticed a pattern among my fellow agents: The people who complained about working 80-hour weeks weren’t closing very many deals. There’s a simple reason why: They never learned proper time management techniques for Realtors. Time management is one of those soft skills that most agents put off learning until they realize that the more stressed they are, the harder it is to sell real estate.

Agents 107
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Cooler inflation data sends mortgage rates lower

Housing Wire

On Tuesday, the Consumer Price Index (CPI) data came in cooler than expected , and the bond market loved it, driving mortgage rates lower. Where do we go from here? Headline inflation is still very elevated historically, but the trend can be our friend over the next 12 months. I say this because the most significant component of Core CPI is shelter inflation.

Mortgages 536
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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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A Look at Four of Wichita's Best Real Estate Professionals

Realty Biz

For months, we’ve explored ways to scrutinize the best real estate professionals objectively across the country. After dozens of reports, the system we use, is the system we recommend potential buyers or sellers use. Do your own five-minute Google, Zillow, social media, and branding diligence to narrow your agency choices. The bottom line is there is no boxed toolset yet, for weighting, which agents beat out their competition.

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Top Realtor Partners With First Team Real Estate

First Team Real Estate

Top Realtor Partners With First Team Real Estate. Lauren Lumbattis, owner and team lead of Lumbattis & Associates and top performing Southern Californian agent, has just joined First Team taking advantage of its agent/ownership model. First Team is the only company of its kind where agents and team leaders can own their offices but still use the Brand, Power and Systems all First Team agents enjoy.

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Inventory Watch

BubbleInfo

There shouldn’t be much new action for the rest of the month – it would be crazy to put a new listing on the MLS in the next 2-3 weeks. It means the current inventory – the lowest it’s been since May – couldn’t be any more picked over by those who don’t trust the […].

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How Do YOU Pronounce REALTOR®?! (9 Memes to Help You See if You’re Saying It Right)

Lighter Side of Real Estate

Potato, potahto, tomato, tomahto—just a couple of examples of words that people have different ways of pronouncing. It’s not like anyone won’t know what you’re talking about if you say either variation, but it might hurt their ears to hear it said differently than they pronounce it. “REALTOR®” is another one of those words that people pronounce differently.

Agents 98
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Here’s how AI and AR could transform real estate marketing

The American Genius for Real Estate

Augmented reality and artificial intelligence are making their mark in tech, but they could also change the face of real estate marketing.

Marketing 104
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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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ALTA: Protecting property rights with title insurance

Housing Wire

For most real estate industry professionals, title insurance needs no introduction. A trusted product , title insurance has been used to protect real estate transactions and property rights for over a century. However, most Americans don’t learn about title insurance until they buy their first home and amid the often stressful, frenetic activity of the closing process, homebuyers can be confused about many of the settlement costs and why they need to purchase a title insurance policy.

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Ready To Sell? Today’s Housing Supply Gives You Two Opportunities.

Keeping Current Matters

At first glance, the increase in housing supply compared to last year may not sound like good news for prospective sellers, but it actually gives you two key opportunities in today’s housing market.

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Price Per Square Foot Should Be Avoided When Calculating Market Value

Maximum Exposure Real Estate

Is the price per square foot important? This is a question that lots of buyers and sellers want to know. In real estate, as with many things in life, the easiest solutions to a problem are not always the best solutions. Take calculating the value of a home for sale. Realtors, sellers, and buyers want […]. The post Price Per Square Foot Should Be Avoided When Calculating Market Value appeared first on Maximum Real Estate Exposure.

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Canadian Household Debt Is Rising Much Faster Than Income, Approaches New Record

Better Dwelling

Canada’s highly indebted households are in a pickle after an epic debt binge. Statistics Canada (Stat Can) data shows the household debt to income ratio (DTI) climbed sharply in Q3 2022. Canada already had some of the most highly indebted households in the world. As the ratio climbs even further, they become more vulnerable to […]. The post Canadian Household Debt Is Rising Much Faster Than Income, Approaches New Record appeared first on Better Dwelling.

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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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Three trends to watch in 2023

Housing Wire

This article is part of our Housing 2022-23 forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business.

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What Every Seller Should Know About Home Prices

Keeping Current Matters

If you’re trying to decide whether or not to sell your house, recent headlines about home prices may be top of mind.

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The Size of the Housing Shortage: 2021 Data

Eye on Housing

Reflecting the unprecedented housing shortages across the United States in the post-pandemic market, U.S. vacancy rates hit their lowest readings in decades in 2021. According to NAHB’s analysis of the 2021 American Community Survey (ACS), owner vacancy rates dropped below 0.9% and rental vacancy rates reached a new low of 5.2%, the lowest levels recorded by the ACS since the.

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Canadian Household Net Worth Falls $331 Billion, First Annual Loss Since 2009

Better Dwelling

The market giveth, the market taketh—especially during an interest rate-driven economic cycle. Statistics Canada (Stat Can) data shows household net worth made a sharp drop in Q3 2022. The quarterly decline was so sharp, it wiped out a year of headline-making growth. It was the first time annual growth turned negative since the Great Recession. […].

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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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Why mortgage rates are likely to drop as 2023 housing outlook remains gloomy

Housing Wire

On the heels of the central bank’s announcement to raise the federal funds rate by 50 basis points to 4.25%-4.50% on Wednesday, most economists and industry experts were on the same page about the housing outlook and which direction mortgage rates would be headed. . Growing concerns of a recession, led by the Federal Reserve ’s continued interest rate hikes next year, will prompt mortgage rates to trend lower in 2023, according to numerous experts.

Mortgages 414
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Planning to Retire? It Could Be Time To Make a Move.

Keeping Current Matters

If you’re thinking about retirement or have already retired this year, you may be planning your next steps.

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11 Things to Know About Escrow When Buying a House

Realty Biz

Buying a house is a complicated process, so it’s refreshing when one simple concept covers more than one aspect of it. Escrow is just such a concept. This is the practice of enlisting a third party to hold both the deed to a property and the money used to buy it until both buyer and seller are satisfied with the terms. When this idea originated around the turn of the 20th century , selling property was much more simple.

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What Are The Signs You Have a Bad Real Estate Agent

Maximum Exposure Real Estate

Do you know the warning signs of hiring a bad real estate agent? If you have never bought or sold a house before, chances are you’ve never hired a real estate agent. There is a learning curve to most things and hiring a real estate agent is one of them. You can be so eager […]. The post What Are The Signs You Have a Bad Real Estate Agent appeared first on Maximum Real Estate Exposure.

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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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Fed’s 50 bps interest rate hike could trigger falling mortgage rates

Housing Wire

After inflation slowed more rapidly than expected in November, the Federal Reserve raised the federal funds rate by 50 basis points on Wednesday to 4.25%-4.50%, a smaller interest rate hike than the 75 bps per meeting the Fed policymakers have stuck to since June. This slowdown is good news for the housing industry as it may lead to a decline in mortgage rates.

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Best Advice for Homeowners of 2022: From Design Do’s and Don’ts to Home Improvement Hacks

Realtor.com

Photo-Illustration by Realtor.com; Photos: Getty Images (4) Just when you thought 2021’s wild real estate ride was ending, 2022 arrived to deliver one smackdown after another. Mortgage rates and home prices jumped higher than we’d seen in recent years, and low inventory posed a problem for homebuyers and sellers alike. But amid the ups and downs of the real estate market, there were plenty of homeowners who were perfectly content staying put and looking for ways to beautify their liv

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The Real Estate Marketing Plan Template for Long-term Growth

The Close

Newer agents are almost always surprised when I tell them agents and brokers with killer marketing are not more talented or harder-working than they are. They aren’t luckier either. So why do some consistently crush their marketing goals while others fail? Simple. Smart Realtors create a real estate marketing plan designed for long-term growth early in their careers.

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Tips For First Time Home Sellers

Maximum Exposure Real Estate

How to Sell a Home For The First Time Are you a first-time home seller? Selling your home is a big deal and is not a process that most people go through too often. As you move forward with your sale, many things must be considered if you want to sell quickly and for a […]. The post Tips For First Time Home Sellers appeared first on Maximum Real Estate Exposure.

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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.