Housing Wire

JANUARY 12, 2023

Today’s inflation data has shown that the peak growth rate of inflation is behind us. This should also mean mortgage rates hit their highs. The key phrase I have stressed since I wrote about the case for mortgage rates to go lower on Oct. 27 is thinking 12 months out. The trend is your friend, and the month-to-month data has cooled off noticeably. That cooling happened even with the biggest inflation component — shelter inflation — still rising in the lagged modeled CPI data.

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Mortgages Staging Land As-is 531

Inman

JANUARY 9, 2023

The metaverse is quickly becoming a platform, or a collection of several platforms, where you can advertise, socialize, build, and explore. It’s no wonder we’ve started to imagine how to bring real estate to this realm.

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Development Agents 187

Realtors Property Resource

JANUARY 11, 2023

Start the New Year in high gear! These five tips from RPR will get agents on track and off to a great fresh start for 2023. The post 5 Ways to Start 2023 Strong appeared first on Realtors Property Resource (RPR).

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Agents Marketing 98

The Close

JANUARY 9, 2023

When I started The Broke Agent in 2015, real estate Instagram was an unbearable place to scroll. The #realtor hashtag was flooded with carbon copies of suited-and-booted “top producers” who were all magically in the top 1% (or so they claimed). I remember thinking, “ Is everyone in real estate killing it besides me? ” So I started to call out these fake “sales gurus” on @thebrokeagent and quickly realized I was not alone.

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Agents Closing Branding Marketing 128

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Agents

Eye on Housing

JANUARY 9, 2023

Average hourly earnings for residential building workers* rose at a slower pace in November. After reaching the highest rate (8%) of 2021 in October, the pace of wage growth has retreated and remained below 4% for the past five consecutive months. The recent slowdown in wage growth will ease inflation pressures.

Residential 101

Residential Construction Marketing 101

The American Genius for Real Estate

JANUARY 11, 2023

It is fascinating to learn how much more a Millennial needs to feel secure than a Baby Boomer or GenXer, but Gen Z needs even more.

Finance 111

Finance 111

BubbleInfo

JANUARY 9, 2023

There are only 88 pending listings today, which means we are unlikely to get up to 100 sales between La Jolla and Carlsbad this month. How radically different is that? Here’s how this month will compare to the previous Januarys of interest: NSDCC Detached-Home January Sales & Listings January Year Number of Sales Number of […].

Sales 105

Sales 105

Realty Biz

JANUARY 10, 2023

Selling a house as-is means selling the property without making any repairs or improvements. With all its flaws, the buyer takes the property and is responsible for any repairs or upgrades needed. The seller does not have to make any repairs before the sale, but certain disclosures are still made to the buyer. You can sell a house as-is to an individual buyer or companies like Vancouver Redevelopment , which specializes in buying houses as-is.

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As-is Purchase and sale agreement Renovation Sales 108

Housing Wire

JANUARY 9, 2023

The housing market saw inventory fall 4% last week from the week before. That’s a big one-week change. Does that mean we are heading back to all-time lows in inventory again for 2023? Traditionally, we do see housing inventory fall in the month of December, however, we clearly saw in the second half of 2022 that higher rates created more days on the market and inventory was lingering longer.

Marketing 541

Marketing Mortgages As-is Sales 541

Keeping Current Matters

JANUARY 9, 2023

If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market this year.

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Marketing 237

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

Inman

JANUARY 11, 2023

From the ability to control their own income and flexibility of work hours to making a positive impact in the lives of others — there are many reasons why real estate professionals do what they do.

Agents 172

Agents 172

Sotheby's International Real Estate

JANUARY 9, 2023

From a mountaintop home in Bachelor Gulch, Colorado, to an elegant apartment in Dubai, United Arab Emirates, these are this month’s four featured notable properties for sale over $10 million. Dubai, United Arab Emirates. Honey Deylami | LUXHABITAT Sotheby’s International Realty. The home is expertly designed and is positioned in one of the city’s most revered mixed-use developments with five-star hospitality, cutting-edge commercial, retail and leisure venues. and world-class ameniti

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Sales Commercial Development Design 135

Housing Wire

JANUARY 11, 2023

Loan officers saw an increase in mortgage demand during the first week of 2023 as mortgage rates ticked down. And to close deals, sellers are increasingly coming to the table with concessions and rate buydowns. . “I’ve had five people contact me in the last week or so to talk about buying a new home, which is much better than a month or two ago,” Rochelle Gano , a Vancouver, Washington-based loan officer at Movement Mortgage , told HousingWire. “It seems like, with every

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Seller concession Mortgages Loan Officer Loans 527

Keeping Current Matters

JANUARY 11, 2023

There’s no doubt today’s housing market is very different than the frenzied one from the past couple of years.

Marketing 245

Marketing 245

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Sales

Inman

JANUARY 13, 2023

National Association of Realtors' membership edged ever closer to 1.6 million in 2022, but the real estate trade group expects a drop this year, according to data provided to Inman.

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MLS 161

NAR: Economic Outlook

JANUARY 12, 2023

Instant Reaction: Inflation, January 12, 2023. The latest consumer price inflation of 6.45% in December is in the sixth consecutive month of deceleration after peak inflation of 9.1% in June 2022. By: . Lawrence Yun.

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Housing Wire

JANUARY 12, 2023

Mortgage industry watchers have started 2023 with optimism regarding the possibility of mortgage rates returning to the 5% range this year – but not without a dose of volatility on the way. “The mortgage market began 2023 on a positive note, with a decline in mortgage rates leading to an uptick in refinance applications. Purchase activity was down again on a weekly and annual basis,” Bob Broeksmit, Mortgage Bankers Association (MBA) president and CEO, said in a statement.

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Industrial Mortgages Fixed-rate mortgage Investor 491

Eye on Housing

JANUARY 13, 2023

In May of last year, Eye on Housing reported on historically widespread shortages of building materials. Since then, most of the shortages have eased; the major exceptions being shortages of HVAC equipment and certain categories of ceramic materials (ceramic tiles, clay bricks and cement-based building materials), which have gotten slightly worse. NAHB has been tracking shortages of building materials and.

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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

Inman

JANUARY 13, 2023

If you’re looking for a way to keep your upfront costs down but still have a steady flow of leads coming into your business, Jimmy Burgess recommends these companies.

Agents 167

Agents 167

NAR: Economic Outlook

JANUARY 12, 2023

Instant Reaction: Mortgage Rates, January 12, 2023. The average rate on a 30-year fixed mortgage fell to 6.33% from 6.48% the previous week. By: . Nadia Evangelou. Mortgage Financing.

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Mortgages Finance 135

Housing Wire

JANUARY 9, 2023

This article is part of our 2022 – 2023 Housing Market 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 predictions for this year, along with a roundtable discussion on how these insights apply to your business.

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Development Sales Marketing As-is 491

Sotheby's International Real Estate

JANUARY 13, 2023

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Charlotte, Vermont | Four Seasons Sotheby’s International Realty. Perched right on Lake Champlain sits a 12-acre Vermont listing embodying all the characteristics of artistic, pastoral New England living. Tour a $2.5M Lakefront Compound in Vermont Where All Things Artistic, Rustic, and Outdoorsy Meet – Cottages & Gardens.

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128

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

Inman

JANUARY 9, 2023

The game-changing new offering launches today with hundreds of hours of original video content as well as content from Inman's vast video library. Subscribers get it all — anytime, anywhere.

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Brokerage Agents 161

Eye on Housing

JANUARY 10, 2023

Mortgage rates have increased rapidly in 2022, as the Federal Reserve continues to fight high inflation. The U.S. weekly 30-year fixed-rate mortgage rose from a slightly more than 3% in early 2022 to more than 7% in late October and leveled off at a rate of 6.42% as of the end of 2022. Mortgage payments have increased from $1,925 on.

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Fixed-rate mortgage Mortgages 126

Housing Wire

JANUARY 10, 2023

Potential homebuyers’ purchase sentiment improved slightly in December, but that still remains well below pre-pandemic highs, according to new data from Fannie Mae. Ongoing affordability challenges are expected to limit buyers from entering the market in 2023, according to Fannie Mae , which will result in continued decline in home sales in coming months.

Fixed-rate mortgage 485

Fixed-rate mortgage Lending Mortgages Sales 485

Better Dwelling

JANUARY 11, 2023

Greater Toronto experienced a massive population boom, but that may be peaking soon. Statistics Canada (Stat Can) data shows Toronto CMA’s population was booming in 2022. Drilling down into the numbers reveals the growth was just immigration. The artificial growth trend obfuscates the record outflow of residents from the region. The headline data looks great, […].

Mortgages 125

Mortgages 125

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Agents

Inman

JANUARY 13, 2023

Economic uncertainty is putting pressure on real estate agents' databases. Hot leads have simmered, and suddenly business is harder to come by. That's why referrals are more valuable than ever.

Agents 161

Agents Marketing 161

Coldwell Banker

JANUARY 10, 2023

With so much at stake in the selling of a home, here's our case for why you should work with a professional agent to stage, list and sell your home. The post Why You Should Use a Real Estate Agent to Sell Your Home appeared first on Coldwell Banker Blue Matter.

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Agents Staging 123

Housing Wire

JANUARY 10, 2023

Wells Fargo , the largest depository mortgage lender in America, announced Tuesday that it will officially exit the correspondent channel and also reduce its servicing portfolio, the country’s largest. . The move isn’t much of a surprise. Executives have hinted at it over the past year and Bloomberg reported in August that Wells Fargo would likely shrink or eliminate the correspondent channel.

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Closing Lending Banks Equity 485

Propmodo

JANUARY 8, 2023

Most real estate firms today find themselves dealing with massive amounts of data. Between tenant leases, property management records, historical building data, and local economic and demographic information, firms have more capability to produce actionable insights with their data than ever before. Unfortunately, most firms also find that it is difficult (if not impossible) to use the data they have because of the way it is stored.

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Property Management Industrial As-is 124

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