Sat.May 06, 2023 - Fri.May 12, 2023

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The Best Time To Sell Your House Is When Others Aren’t Selling

Keeping Current Matters

If you’re thinking about selling your house, you should know the number of homes for sale right now is low.

Sales 237
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Common Reasons Why Pending Sales Fall Through

RIS Media

When you think you’ve found your perfect home, you will be understandably devastated if the sale falls through. After the seller has accepted your offer, it can take as long as 60 days to close or more, and many things could go wrong. You might be surprised at the number of reasons pending sales fall… The post Common Reasons Why Pending Sales Fall Through appeared first on RISMedia.

Sales 142
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Reverse Prospecting: A Proven Way To Generate Leads, Quickly

Lab Coat Agents

Last weekend, I used reverse prospecting to attract 17 new warm leads to me and my business at a street fair. We’ll talk about how I did that more later. Do you hate Cold Calling, Door Knocking and being Salesy? Me too! Okay, so how do you prospect then? I use reverse prospecting! What Is Reverse Prospecting? Reverse prospecting is a form of attraction marketing.

As-is 98
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5 things agents should look for in a real estate photographer

Inman

It can be hard to know which type of photographer will show up at your property. Here are some best practices to ensure your listing (and your client) are set up for success.

Agents 185
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The 4 Most Impactful Actions to Take in Real Estate in 2024

Strategic real estate professionals know that the name of the game right now is to stay informed, adaptable, and ready to make confident decisions. In this free download, Inside Real Estate CEO, Joe Skousen, shares what he believes are the top 4 most impactful actions in real estate right now. We've been actively engaging with industry experts, analyzing data, and listening intently to the experiences of our agents on the ground.

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Subdued Frenzy

BubbleInfo

We closed escrow yesterday in La Costa Valley! The seller is a bubbleinfo reader so obviously we have analyzed our results carefully over the last month.

Closing 83
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Real defies the odds, reports strong annual revenue gains

Real Estate News

The Real Brokerage more than doubled its agent count vs. last year, with chairman and CEO Tamir Poleg crediting its technology and “agent attraction model.

Brokerage 260

More Trending

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Social Skills: Essential Real Estate Accounts to Follow

RIS Media

Editor’s Note: Social Skills is a bi-monthly feature in RISMedia’s Daily News focused on social media and digital marketing tips, trends and solutions for agents and brokers. When building your career as a REALTOR®, whether you’re on day one or 15 years in, it’s always good to connect with other professionals for advice and their… The post Social Skills: Essential Real Estate Accounts to Follow appeared first on RISMedia.

Agents 100
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Home prices inching up despite difficult affordability

Real Trends

Available inventory of homes on the market actually fell this week as American home buyers continue to defy expectations. Even as difficult affordability curtails some demand, new supply remains incredibly restricted. And, home prices — which are flat to down year over year — are inching up each week. This data is creating a surprising supply and demand equation.

Closing 100
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72% of Renters Believe Homeownership Will Never Happen

Broke Agent Media

BAM Key Details: According to a recent report by Home Bay , 72% of renters believe that homeownership will never happen for them. Survey participants cited inflation and interest rates as the main reasons for the lack of affordable homes in today’s market. While renters have a pessimistic view of their chances at homeownership, many are willing to think outside the box in order to buy a home.

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CPI report is good news for mortgage rates

Housing Wire

The massive inflation and double-digit mortgage rates of the 1970s and early 1980s seem to haunt the Federal Reserve , which wants to cool the economy and even provoke a job-loss recession to avoid that scenario. But the latest Consumer Price Index inflation report shows how the fear of 1970s-style inflation is wildly overblown. Today’s numbers don’t look like the 1970s at all, when rent, wages, and oil shocks sent inflation running hotter than anything we have seen in recent modern-day hi

Mortgages 533
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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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Why RE/MAX's CEO isn’t worried about the market (but hates a cluttered inbox)

Real Estate News

President and CEO Nick Bailey — a 30-year industry veteran — takes a long-term perspective on real estate, and he already sees positive shifts.

Marketing 301
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The Impact of Inflation on Mortgage Rates

Keeping Current Matters

If you’re reading headlines about inflation or mortgage rates, you may see something about the recent decision from the Federal Reserve.

Mortgages 208
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How to answer buyers’ top 10 most-asked mortgage questions

Inman

Agents should be prepared to answer their buyer's mortgage questions, including types of mortgages, lender guidelines, preapproval vs. prequalification and the closing process in the area.

Mortgages 173
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Housing Market Tracker: Spring inventory falls

Housing Wire

Just when I thought it was safe to say we were getting more traditional spring housing inventory , we hit a snag last week, as active inventory and new listings declined. Hopefully, this is just a blip, which can occur from time to time with weekly data. We had a lot of drama over the week between Federal Reserve meetings and banking stress, and mortgage rates and purchase applications both fell.

Marketing 483
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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 'catastrophic' impact of a debt default on housing costs

Real Estate News

The U.S. has never defaulted on its debt, but without government action, it could happen by June 1 — leading to a surge in mortgage rates and monthly costs.

Mortgages 277
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It May Be Time To Consider a Newly Built Home

Keeping Current Matters

If you’re looking to buy a house, you may find today’s limited supply of homes available for sale challenging.

Sales 219
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Compass to launch network aimed at relocating medical professionals

Inman

Moving Medicine Partners will launch as a national network of agents later this month with St. Louis relocation specialist Zoe Cangas leading the new initiative, Inman has learned exclusively.

Agents 159
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NewRez now offers Freddie Mac’s revamped downpayment assistance program

Housing Wire

Mortgage lender and servicer NewRez on Monday launched a special purpose credit program through Freddie Mac that will provide $3,000 or more in closing cost assistance to qualifying first-time homebuyers. Freddie Mac’s BorrowSmart Access program will be available to NewRez borrowers through Caliber Home Loans ‘ national network of branches.

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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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Compass loses $150 million, but finds reasons for optimism

Real Estate News

With the rollout underway for its end-to-end transaction platform, and agent count up, Compass projects that it will be cash-flow positive next quarter.

Agents 251
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Why Today’s Housing Market Is Not About To Crash

Keeping Current Matters

There’s been some concern lately that the housing market is headed for a crash.

Marketing 240
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NAR votes to raise membership dues in alignment with inflation

Inman

The National Association of Realtors voted Thursday to tie annual membership dues to the Consumer Price Index. Its board separately voted to increase annual dues by 4 percent to $156 next year.

MLS 159
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Agency loan-repurchase strategy sparks pushback

Housing Wire

Independent mortgage banks have been coping with a still-surging wave of loan-repurchase requests from Fannie Mae and Freddie Mac that represents yet another threat to lenders’ already stretched balance sheets. Much of the problem stems from the huge volume of low-rate loans originated in 2020 and 2021 at a time when the industry was continuously working to build capacity to deal with the explosive origination growth.

Loans 373
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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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Brokerage Beat: News from Corcoran, RE/MAX, Real, C21, more

Real Estate News

Corcoran expands in NJ; RE/MAX snags SoCal firm; Real opens in Manitoba; C21 grows in Green Bay; AZ indie joins KW; The Agency opens in Boise; eXp woos teams.

Brokerage 243
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Luxury Real Estate Headlines: Second Week in May 2023

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Washington, DC | TTR Sotheby’s International Realty The home, which is one of the oldest in the Dupont Circle area, was visited by Presidents Obama and Biden. Gilded-Age Washington, D.C., Mansion Owned by Former U.S. Ambassador Asks $29.95 Million – The Wall Street Journal 7 Luxury Homes in the U.S.

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EasyKnock acquires Ribbon in bid to launch national marketplace

Inman

The sale-leaseback platform plans to launch a marketplace later this year designed to serve homesellers and buyers, both individuals and investors, EasyKnock revealed to Inman exclusively.

Investor 158
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UWM’s losses double in Q1, but margins climb to 92 bps

Housing Wire

UWM Holdings Corporation , the parent of United Wholesale Mortgage (UWM), reported a financial loss in the first quarter amid a decline in the fair value of mortgage servicing rights ( MSRs ) and falling origination volumes. The wholesale lender posted financial losses in the first quarter, but the company increased margins as it pulled back on its aggressive pricing strategy.

Loans 372
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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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FHFA decides to scrap new debt-to-income ratio fees

Real Estate News

The fees, which were scheduled to go into effect on Aug. 1, were opposed by industry groups including NAR and the Mortgage Bankers Association.

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4 Things to Research Before Buying a House

RIS Media

When searching for your next home, you are likely focused on the location, the number of bedrooms, the features, and more. But what you might not be thinking about is the property history. Even if the home fits your requirements and the price is right, the home could be hiding a checkered past. Finding out… The post 4 Things to Research Before Buying a House appeared first on RISMedia.

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Fair housing training for agents will be mandatory under NAR proposal 

Inman

The National Association of Realtors' Board of Directors will vote Thursday on requiring its 1.5 million members to complete two hours of fair housing training every three years beginning in 2025.

Agents 157
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Mr. Cooper to acquire Home Point Capital for $324M in cash

Housing Wire

Dallas, Texas-based Mr. Cooper Group has entered into an agreement to acquire struggling Home Point Capital for $324 million in cash, the companies announced on Wednesday. The transaction will ultimately result in the seller shutting down operations. Rumors that Mr. Cooper was interested in Ann Arbor, Michigan-based Home Point spread prior to the latter selling its wholesale origination business to The Loan Store on April 7 and were amplified after.

Equity 371
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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.