RIS Media

AUGUST 24, 2023

Editor’s Note: The Playbook is an RISMedia biweekly segment centering on what brokers and agents are doing to ensure they not only survive but thrive in these challenging times. Industry professionals explain the strategies they’re employing and unique ideas they’ve formulated. Tune in every other Thursday for another addition to the series. As so-called “discretionary”… The post The Playbook: A Complete Guide to Probate Listings appeared first on RISMedia.

Industrial 98

Industrial Agents As-is Sales 98

Housing Wire

AUGUST 21, 2023

Denver -based real estate giant RE/MAX announced that it was laying off 7% of its staff on Friday. According to the company’s filing with the Securities and Exchange Commission , layoffs were part of a reorganization, which RE/MAX said is “intended to streamline the Company’s operations and yield cost savings over the long term.” The filing stated that RE/MAX expects the reorganization to be substantially complete by the end of the quarter.

Principal 370

Principal Technology Agents Design 370

Inman

AUGUST 24, 2023

Beloved Keller Williams Moorestown agent Rob Montalbano died in a Lake Travis boating accident on Aug. 13. His brokerage and community have rallied to raise more than $68,000 for funeral costs.

Agents 148

Agents Brokerage Industrial 148

HomeLight

AUGUST 23, 2023

The amount of paperwork required during the home sale process is staggering. When you’re buried under a mountain of 180 pages related to the deal, it’s easy to neglect a stack that seems to hide on the periphery of the transaction: the Homeowners Association (HOA) documents. But your failure to be transparent and forthcoming with the rules, regulations, and financial state of the HOA governing the block could hold up the process or come back to bite you.

Sales 97

Sales Property Management Agents Finance 97

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Agents

BubbleInfo

AUGUST 22, 2023

Could rates get so high that it turns into a cash-only market? It’s heading that way. Of the 118 closings this month between La Jolla and Carlsbad, 45% were all-cash, and it’s competitive. My buyers made a cash offer that was $101,000 over list on this one and didn’t make the final round.

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Marketing Closing 98

Calculated Risk Real Estate

AUGUST 22, 2023

From the NAR: Existing-Home Sales Slipped 2.2% in July Existing-home sales receded in July, according to the National Association of Realtors® Among the four major U.S. regions, sales grew in the West but faded in the Northeast, Midwest and South. All four regions registered year-over-year sales declines. Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – waned 2.2% from June to a seasonally adjusted annual r

Sales 98

Sales Closing Mortgages Marketing 98

Real Estate News

AUGUST 23, 2023

Chris Speicher feels "numb" in the wake of devastating wildfires but is committed to helping the community rebuild — in the right way.

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Housing Wire

AUGUST 25, 2023

Retail lender AmeriFirst Financial Inc. filed for Chapter 11 bankruptcy protection in Delaware, just two months after it got back into the forward mortgage origination business. The Mesa, Arizona-based company listed estimated assets and liabilities as much as $100 million each, according to a filing in the U.S. Bankruptcy Court for Delaware. RCP Credit Opportunities Fund is listed as the largest unsecured creditor in the AmeriFirst Chapter 11 case — with a claim of $17.9 million, court pleading

Bankruptcy 370

Bankruptcy Mortgages Loans Lending 370

Inman

AUGUST 24, 2023

The Houston-based Christie's International Real Estate affiliate has also opened a new office in Lake Livingston and made two new hires to support the launch of the new division.

Land 147

Land Brokerage 147

RIS Media

AUGUST 25, 2023

While the adage “you win some, you lose some” may air on the side of cliche, it’s rather appropriate when looking at the continued courtroom volley that has taken place in some of the real estate industry’s most prominent lawsuits. Take the ongoing saga between Zillow and REX Real Estate, for example. After securing a… The post Zillow Faces Setback in REX Legal Debacle appeared first on RISMedia.

Industrial 98

Industrial 98

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

Real Estate News

AUGUST 19, 2023

More than 4,000 eXp Realty agents in 12 markets will be helped by NorthstarMLS, which has offered to assist other major companies as well.

Agents 246

Agents Marketing 246

Housing Wire

AUGUST 25, 2023

In a hawkish tone, Jerome Powell said that Federal Reserve (Fed) officials are prepared to raise the federal funds rate further and hold it at high levels until they are confident that inflation is moving sustainably down to the 2% target. And that’s unclear at this point. There are some sources of pressure on U.S. prices — among them is the housing market, Powell said Friday morning during an economic policy symposium in Jackson Hole, Wyoming. “So far this year, GDP [gross domestic

Mortgages 370

Mortgages Closing As-is Marketing 370

Inman

AUGUST 24, 2023

Barbara Corcoran told "Good Morning America" viewers on Wednesday that she doesn't foresee prices dropping any time soon but could see them spiking once mortgage rates come down.

Mortgages 147

Mortgages 147

RIS Media

AUGUST 25, 2023

Consumer sentiment fell 2.9% in August, while still maintaining the second-highest reading in 21 months, according to data from the University of Michigan. “After rising sharply for the past several months, consumer sentiment moved sideways in August with a small decline that is not statistically different from July,” said Joanne Hsu, director of the Surveys… The post Consumer Sentiment Falls Slightly in August appeared first on RISMedia.

Industrial 98

Industrial Marketing 98

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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

Real Estate News

AUGUST 24, 2023

The company said the new program, initially launching in Phoenix, will help ease one of the biggest barriers to entry for buying a home.

Loans 246

Loans 246

Housing Wire

AUGUST 25, 2023

Zillow ‘s mortgage arm launched a down payment assistance program where the company will cover 2% of the borrower’s down payment at closing, allowing buyers to pay just 1% upfront. The program is available for eligible borrowers in Arizona and will expand to additional markets, Zillow Home Loans said in a release. The 2% portion of the down payment will be paid during closing and not as a payment to the borrower. “For those who can afford higher rent payments but have been held

Loans 370

Loans Mortgages Closing Agents 370

Inman

AUGUST 25, 2023

The most explosive damage to the National Association of Realtors and the overall industry will result if the defendants lose one or both so-called bombshell lawsuits. Author and trainer Nancy Ross breaks down the possible repercussions.

Industrial 148

Industrial MLS Brokerage Agents 148

RIS Media

AUGUST 24, 2023

Huntington & Ellis, A Real Estate Agency, an affiliate of Leading Real Estate Companies of the World, has announced it has ranked No. 2,781 on Inc. Magazine’s annual Inc. 5000 list, a prestigious ranking of the nation’s fastest-growing private companies. Achieving a 192% three-year growth rate, this marks the brokerage’s fourth-consecutive year being recognized and… The post LeadingRE’s Huntington & Ellis Listed on Inc. 5000 for Fourth-Consecutive Year appeared first on RISMedia.

Industrial 98

Industrial 98

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

Real Estate News

AUGUST 22, 2023

Researchers from Zillow, Freddie Mac, and Goldman Sachs all issued revised, rising 2023 home value and price forecasts in the past week.

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Housing Wire

AUGUST 25, 2023

Keller Williams is going with the carrot and the stick approach. The franchisor just announced a significant adjustment to its profit sharing program, aimed at rewarding agents who stay with the company and punishing vested agents who left for competitors. Keller Williams President Marc King last week wrote in an email that the company will cut the profit share distribution for vested “former” KW agents (agents who joined the company before April 1, 2020) who jumped ship to another brokerage fro

Agents 370

Agents Brokerage Industrial As-is 370

Inman

AUGUST 24, 2023

Insurance as a hot-button issue is likely not going away anytime soon. Unfortunately, as long as Mother Nature is in control, agents, buyers and sellers need to be more proactive than ever, broker Cara Ameer writes.

Agents 148

Agents As-is Brokerage Marketing 148

RIS Media

AUGUST 23, 2023

Market cycles come and go, and for many, a sign of success can be how well you lead your brand and company through uncertain times. The past three years certainly provided its share of uncertainty, but several brokerages managed to thrive despite the rollercoaster ride. That was evident in this year’s Inc. 5000 list, which… The post Inc. 5000 Real Estate Firms Share Winning Growth Strategies Pre, During and Post Pandemic appeared first on RISMedia.

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Branding Brokerage Marketing MLS 98

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

Real Estate News

AUGUST 22, 2023

Starting next July, former KW agents who compete against the company will see their profit share distribution reduced from 100% to 5%.

Agents 246

Agents 246

Housing Wire

AUGUST 24, 2023

Shares of Better Home & Finance Holding , the parent of digital lender Better.com, collapsed during its debut on Nasdaq Thursday. The company went public after merging with the special purpose acquisition company (SPAC) Aurora Acquisition Corp. the prior day. Better’s class A common stock, listed under the ticker “BETR,” declined to $1.15 at the closing on Thursday.

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Purchase and sale agreement Title Mortgages Equity 370

Inman

AUGUST 23, 2023

The franchisor will drastically slash profit share for "vested KW agents who actively compete with our brokerages" unless they return within six months, Keller Williams President Marc King said Tuesday.

Agents 148

Agents Brokerage 148

Eye on Housing

AUGUST 24, 2023

The residential remodeling market has grown rapidly in the past few years, mainly fueled by changes in housing and lifestyle decisions during the pandemic period. According to National Income and Product Accounts (NIPA), expenditures for residential home improvements soared 13% to $328 billion in 2021, from $289 billion in 2020. This marks the largest gain since 1993 (16% increase).

Loans 98

Loans Residential Marketing Construction 98

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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

Real Estate News

AUGUST 20, 2023

Red Oak Realty CEO Vanessa Bergmark has clear goals for growth — and for finding and keeping great agents, no matter the market.

Agents 246

Agents Marketing 246

Housing Wire

AUGUST 24, 2023

Homebuyer affordability remained unchanged in July from June, according to Mortgage Bankers Association ‘s (MBA) Purchase Applications Payment Index (PAPI). The index measures how new monthly mortgage payments vary across time, relative to income, drawing from data from MBA ’s weekly applications survey. The national median payment applied for by purchase applicants was $2,162 in July, up $318 from a year prior but unchanged from June.

Mortgages 370

Mortgages FHA loan Loans Sales 370

Inman

AUGUST 23, 2023

As mortgage rates hit new post-pandemic highs on inflation worries, an MBA survey finds applications for purchase loans fell for the sixth consecutive week last week and are down 30 percent from a year ago.

Mortgages 148

Mortgages Loans Sales Marketing 148

RIS Media

AUGUST 24, 2023

Agents with a rich understanding of mortgage finance have countless opportunities to deliver more value to their buyer-clients and gain a competitive edge. After all, a mortgage is the most complicated but essential aspect of most buyers’ transactions. Additionally, surveys from the National Association of REALTORS® have repeatedly found that over 90% of buyers count… The post 6 Compelling Reasons to Boost Your Mortgage IQ appeared first on RISMedia.

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Mortgages Finance Agents Development 98

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