Sat.Oct 15, 2022 - Fri.Oct 21, 2022

article thumbnail

What is the Impact of Artificial Intelligence on the Real Estate Industry

Realty Biz

The real estate industry is one of the many industries being disrupted by artificial intelligence (AI). From chatbots to predictive analytics, AI is changing the way real estate agents do business. Here's a look at how AI is impacting the real estate industry and what agents need to do to stay ahead of the curve. What is AI? Artificial intelligence sounds futuristic, no doubt influenced by popular culture.

article thumbnail

Housing completions key to lower mortgage rates

Housing Wire

In June of this year, I raised the fifth recession red flag , putting the housing market in a traditional recession where sales, incomes, jobs, and production would be falling, which is happening now. And unfortunately, one of those productions items is housing completions data — which looks terrible in the latest report. As someone concerned about the housing inflation story since inventory channels broke to all-time lows in 2020, I am frustrated by this housing completion data.

Mortgages 529
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Latest on Supply and Demand in Housing

Keeping Current Matters

Over the past two years, the substantial imbalance of low housing supply and high buyer demand pushed home sales and buyer competition to new heights.

Sales 225
article thumbnail

2021 Is An Outlier

BubbleInfo

Thanks to Mike for pointing out that comparing 2022 data to last year isn’t really fair: The pandemic years, especially 2021, were a strange aberration where everyone moved, house prices skyrocketed, and nearly every real estate business posted record revenues. Why it matters: 2022 is constantly being compared to 2021, which was anything but normal, […].

Marketing 105
article thumbnail

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.

article thumbnail

8 Memes You Need to See Before Asking Your Real Estate Agent to Lower Their Commission

Lighter Side of Real Estate

By law, real estate commissions are negotiable. So you certainly have the right to ask a real estate agent if they’re willing to agree to a lower fee than they’re asking you to pay. Just know that some agents may be willing to accept a lower commission, while others won’t budge. But before you dismiss an agent who doesn’t budge, and sign on the dotted line with one who does, there are a few things you might not be aware of that you should consider.

Agents 109

More Trending

article thumbnail

What Must Be Disclosed When Selling a House in California?

HomeLight

DISCLAIMER: As a friendly reminder, this blog post is meant to be used for educational purposes only, not legal advice. If you need assistance navigating the legalities of what to include on a home seller disclosure form in California, HomeLight always encourages you to reach out to your own advisor. California has complex disclosure requirements for home sellers.

article thumbnail

5 Passive Real Estate Investing Tips to Help You Make Money

Marco Santarelli

What is Passive Real Estate Investing? Passive real estate investing is a way to invest in real estate to augment income considerably well without having to necessarily stress out one’s self. You are not actively involved in generating profits or income from real estate; you are a passive investor. Passive real estate investing is when you hire or contract a real estate company to help you in finding and manage investment properties for you.

article thumbnail

These housing markets are most likely to correct based on foreclosure buyer behavior

Housing Wire

Real estate investors purchasing distressed properties at foreclosure auction have been telegraphing a possible housing market slowdown for the last six months. A deeper dive into foreclosure buyer behavior shows which markets are most likely to see a home price correction in the next six months. Foreclosure auction buyers started bidding more conservatively in the second quarter of 2022, as measured by proprietary data from the Auction.com marketplace.

Marketing 424
article thumbnail

Should You Still Buy a Home with the Latest News About Inflation?

Keeping Current Matters

While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still high, remaining around 8%.

Marketing 238
article thumbnail

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.

article thumbnail

Spreading Rentals Far and Wide While Keeping Leads All in One Place

GeekEstate

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: TurboTenant]. The ever-evolving rental world can be daunting for the DIY landlord. From marketing properties online to automating rental payments to screening tenants and more, TurboTenant centralizes tools to simplify finding and retaining tenants for independent landlords, real estate investors, and property managers.

article thumbnail

Boxer Sugar Ray Leonard’s house is back on the market asking $45M

Fancy Pants Homes

World-champion boxer Sugar Ray Leonard is once again floating his spectacular Pacific Palisades compound on the market, this time asking $45 million for the 1.7-acre property. The former professional boxer, who had a legendary 20-year career during which he won world titles in five weight classes, made history as the first in his sport to earn more than $100 million in prize money.

Marketing 124
article thumbnail

How lenders can leverage credit to help make homeownership more affordable

Housing Wire

With interest rates now at 14-year highs, the cost of homeownership is becoming an issue for most prospective home buyers. HousingWire recently spoke with Mike Darne, vice president of marketing at CreditXpert, about how mortgage lenders can leverage credit to help make homeownership more affordable. HousingWire: With interest rates at 14-year highs, what kind of pressure does that put-on housing affordability?

Mortgages 424
article thumbnail

What’s Ahead for Home Prices?

Keeping Current Matters

As the housing market cools in response to the dramatic rise in mortgage rates, home price appreciation is cooling as well.

Mortgages 228
article thumbnail

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.

article thumbnail

Checklist of What's Covered at a Home Inspection

Realty Biz

Buying or selling a home isn't easy, with potential problems before you close. The home inspection is part of the process that can lead to problems, but what does a home inspector do? The home inspection is the buyer's opportunity to get a professional opinion on the home's condition. If you are unsure about what does a home inspection cover, we take a look so that you are better informed.

article thumbnail

Single-Family Production Continues to Weaken in September

Eye on Housing

Single-family housing starts declined further in September as high mortgage rates, ongoing building material production disruptions and flagging demand stemming from rising affordability challenges continue to put a damper on new home production. Overall housing starts decreased 8.1% to a seasonally adjusted annual rate of 1.44 million units in September, according to a report from the U.S.

Mortgages 125
article thumbnail

Homebuyers increasingly seek ARMs as mortgage rates soar 

Housing Wire

Mortgage rates have more than doubled from the beginning of the year and homebuyers facing affordability challenges are increasingly turning to adjustable-rate mortgages (ARMs) to reduce their monthly payments. The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage rose two basis points from last week to 6.94% , slowing its upward trajectory this week.

Mortgages 404
article thumbnail

The Emotional and Non-financial Benefits of Homeownership

Keeping Current Matters

With higher mortgage rates, you might be wondering if now's the best time to buy a home.

Mortgages 234
article thumbnail

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.

article thumbnail

Preventing Title Theft

BubbleInfo

Those who don’t have a mortgage are particularly susceptible to fraudulent acts. Check out this free service being offered by the county to alert you! Hat tip just some guy! Is title lock insurance a good investment? Such insurance usually costs from $12 to $20 a month. But the San Diego County Assessor/Recorder/Clerk’s office now […].

Title 115
article thumbnail

Single-Family Permits Decline in August 2022

Eye on Housing

Over the first eight months of 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 728,866. On a year-over-year (YoY) basis, this is 6.0% below the August 2021 level of 775,772. Year-to-date ending in August, single-family permits declined in all four regions. The South posted a modest decline of 3.9%, while the Midwest region reported the steepest.

article thumbnail

Ally Financial takes a big hit on Better.com investment

Housing Wire

Online bank Ally Financial recorded a $136 million impairment related to its investment in struggling digital mortgage lender Better.com , bank executives said Wednesday during the company’s third-quarter earnings call. The bank disclosed to shareholders and analysts that the $136 million impairment was a “nonmarketable equity investment” related to its mortgage business. “Following the impairment, our investment has a remaining carrying value of $19 million, so this has

Banks 404
article thumbnail

Luxury Real Estate Headlines: Third Week in October 2022

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Petosky, Michigan | Harbor Sotheby’s International Realty. The superlatively priced Walloon Lake home has a golf simulator, a full-size bar and a boathouse. Lavish Lake House Selling for $18 Million, Tying for Michigan’s Most Expensive Listing – Mansion Global.

Design 111
article thumbnail

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.

article thumbnail

Wall paneling kits: The easiest way to add style to your home

Fancy Pants Homes

Whether we like it or not, our homes — be it the way they’re decorated, styled, and maintained — say a lot about our personality. If you too would like your interiors to be a more accurate representation of your style and quickly add a touch of class and sophistication to your home, you should consider getting a wall paneling kit. It will allow you to easily add style to your home without spending a lot of money.

article thumbnail

Existing Home Sales Continue to Drop Amid Rising Mortgage Rates

Eye on Housing

As rising mortgage rates continue to cool the housing market, the volume of existing home sales has declined for eight consecutive months as of September, according to the National Association of Realtors (NAR). The average 30-year fixed mortgage interest rate has increased from 3.11% at the start of the year to 6.

Sales 114
article thumbnail

Fitch downgrades two nonbank lenders, sets negative outlook for four

Housing Wire

Fitch Ratings in October 2022 set negative outlooks for four nonbank mortgage lenders. Credit rating agency Fitch this week revised the long-term issuer default ratings (IDRs) for five nonbank residential mortgage lenders based on their financial performances in the first half of 2022. The results: downgraded two companies and set a negative outlook for four.

Mortgages 393
article thumbnail

Del Mar Oceanfront Apartments

BubbleInfo

This 6.9-acre oceanfront site has been called one of the most exclusive and unique properties in the United States, and has been listed for sale since 2007 – the current price is $49,000,000. An incredible turn of events is underway – the planned high-end resort was defeated by the voters, so now they want to […].

Sales 105
article thumbnail

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.