Thu.Jun 22, 2023

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How to Sell Luxury Real Estate in a Slow Market

RIS Media

If you were one of many real estate professionals who enjoyed the industry “boom” of the last couple of years, then you’ve probably noticed that the market has gone somewhat stagnant as of late. Unfortunately, media outlets love to focus on the doom and gloom of real estate—which can exacerbate the problem and cause sellers… The post How to Sell Luxury Real Estate in a Slow Market appeared first on RISMedia.

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Appraisal Insights firm launches to help combat bias in appraisals

Housing Wire

Appraisal Insights , an appraisal education company committed to eradicating bias, announced its official launch this week. The goal is to quip key stakeholders and decision-makers in the housing industry with the knowledge necessary for preventing bias and enhancing the quality and integrity of real estate appraisals. Founded by Jillian White , an SRA-designated appraiser with over two decades of leadership experience, the firm offers expertise to non-appraiser stakeholders, including regulator

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‘Agents are core’: Zillow's push to win over agents, innovate through tech

Real Estate News

Errol Samuelson, chief industry development officer, explains how Zillow plans to stay on top in a growing crowd of real estate portals and agent services.

Agents 263
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FHFA housing, condo co-op lending guidelines need improvement: Trade groups

Housing Wire

A coalition of trade associations — the Community Home Lenders of America (CHLA), the Community Association Institute (CAI) and the National Association of Realtors (NAR) — have submitted a letter to the Federal Housing Finance Agency (FHFA) that requests transparency in the development of final lending requirement guidelines for condominium and housing co-operatives.

Lending 366
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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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What Homebuyers Need To Know About Credit Scores

Keeping Current Matters

If you’re thinking about buying a home, you should know your credit score’s a critical piece of the puzzle when it comes to qualifying for a home loan.

Loans 227
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AmeriFirst Financial gets back into forward mortgage origination

Housing Wire

On June 1, Arizona-headquartered retail lender AmeriFirst Financial Inc. relaunched its forward mortgage originations. It ceased that business in December 2022 after rising mortgage rates wreaked havoc on the housing industry. Of the 400 employees scooped up by American Pacific Mortgage (APM) late last year, about 20 LOs have returned to AmeriFirst Financial.

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Southern residents often pay more for mortgages, credit access: CFPB

Housing Wire

Consumers in the Southern region of the nation tend to face increased difficulties with accessing credit and pay higher interest rates compared to other regions, according to new reports from the Consumer Financial Protection Bureau (CFPB). This also applies to mortgage financing, despite Southern residents applying for mortgage loans at the same rate as the rest of the nation.

Mortgages 347
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Revised forecast a sign that spring was more showers than flowers

Real Estate News

Realtor.com previously predicted home prices would rise 5.4% by the end of 2023 but now expects a 0.6% decline.

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In acquisition mode, Planet closes a $10B MSR deal  

Housing Wire

Connecticut-based lender and servicer Planet Home Lending announced on Thursday a deal that boosts its servicing portfolio, which the company claims is already above the $90 billion mark. Planet has acquired a $10 billion mortgage servicing rights (MSR) bulk of Ginnie Mae loans from Village Capital & Investment LLC. and anticipated that it will continue bidding for MSRs in the second half of the year, engaging in bulk and co-issue transactions.

Closing 347
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Little movement in mortgage rates signals a slow summer

Real Estate News

Rates dipped only slightly this week in Freddie Mac's survey, inching down from 6.69% to 6.67%.

Mortgages 193
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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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The anti-LGBTQ+ movement IS a real estate issue. Here’s why

Inman

Erin Morrison, 2022 National President Elect of the LGBTQ+ Real Estate Alliance and proud Texas Realtor, is afraid. And so are some of your clients. Here’s what you need to know.

Brokerage 156
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Why an Economic Downturn Represents the Best Time to Invest in Real Estate

The Close

Right now might seem like a frightening time to jump into real estate investing. But for value-seeking investors like myself, the scariest time to invest is actually in a good economy, when housing prices are rising at a blistering pace. This is because it is difficult to identify the top of a market, and nobody wants to buy at the top of the market just to watch the value of their investments fall during a downturn.

Investor 116
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Nearly 1 out of every 10 homes sold in Q1 was flipped: Report

Inman

Home-flipping activity remained high during the first three months of the year after a sharp drop. Profits also rose slightly, according to property data firm Attom.

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Explore the Luxury of Island Living in These 3 Estates

Sotheby's International Real Estate

Maritha Keil – British Virgin Islands Sotheby’s International Realty Imagine having an island resort—or an entire private island—all to yourself. Its warm and inviting seaside sundecks await, and its elegant spas and pools beckon. The deluxe bedrooms and ensuites are yours to enjoy every beautiful evening. The most exceptional island properties make this level of luxury an everyday reality, with amenities for recreation, relaxation, and wellness that look like an itinerary for the

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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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Newzip helps mortgage lenders connect borrowers to agents

Inman

Former Keller Williams Realty exec's startup enables virtually any mortgage lender to emulate programs offered by bigger rivals, such as Rocket Mortgage, loanDepot and Better.

Mortgages 127
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Home Sales Up 20% in May

RIS Media

RE/MAX’s latest National Housing Report, tracking data for the month of May 2023 shows a market uptick compared to April. These results set June and July up to be “peak months” as usual. Key details: Home sales increased 20% from April to May, but declined 18.7% year over year. New listings increased by 8.7% but… The post Home Sales Up 20% in May appeared first on RISMedia.

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5 luxury home staging trends that should be on your radar in 2023

Inman

Staging leaves a lasting impression on potential buyers. Chris Pollinger sat down with Nicole Senia and Samantha Senia of Elite Home Staging to uncover the latest trends in luxury design.

Staging 124
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How to Choose a Multifamily Realtor

Bigger Pockets

If you are buying or selling a multifamily property, the realtor you choose could be important. Learn about what to look for when finding a multifamily realtor.

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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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SERHANT faces another lawsuit related to allegedly taking data

Inman

The lawsuit launched at the brokerage led by the "Million Dollar Listing" star alleges that SERHANT. and two recently recruited agents stole trade secrets, marketing data and listings from the Florida-based Sutter & Nugent.

Brokerage 122
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New Report Predicts Lower Than Expected Home Sales

RIS Media

After turbulence in the banking sector and an overall shaky first half of 2023 characterized by high mortgage rates and low inventory, realtor.com® is significantly downgrading its forecasts for the housing market in 2023, predicting that sales will fall to the lowest level in over a decade. “High inflation and the Fed’s actions to curb… The post New Report Predicts Lower Than Expected Home Sales appeared first on RISMedia.

Sales 104
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US needs 4.3M homes to close the affordability gap: Zillow

Inman

During 2021, there were 8 million "missing households" across the country — families without homes of their own — compared to just 3.7 million housing units available for rent or sale, according to Zillow.

Closing 121
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Recruits Will Come Because of You

RIS Media

For someone looking to join our industry, there are lots of options from which to choose. According to NAR, there are 106,548 real estate brokerage firms in the United States. It appears, in this market, there’s a business model for everyone. Full-service. Limited service. Listing service for FSBO. Brick and mortar. Virtual. Cap. High split.… The post Recruits Will Come Because of You appeared first on RISMedia.

Brokerage 104
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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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Ready to start investing? Here are the ins and outs to get you started

Inman

If you're just starting out, here's how to choose your investment property and increase its value for maximum return on investment.

Investor 136
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What Are Buyer’s Agents Fees?

Maximum Exposure Real Estate

When embarking on the journey of purchasing a home, many buyers often enlist the assistance of a buyer’s agent. Buyer’s agents play a crucial role in helping buyers navigate the complex real estate market and secure the best possible deal. However, it’s essential to understand the concept of buyer’s agent fees before agreeing.

Agents 98
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7 telltale signs an agent or staff member is about to split

Inman

Some turnover is inevitable, writes Livian's Erin McCormick Torres. Watch out for these changes in behavior that indicate a split from the team is on the horizon.

Agents 125
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Exclusive: Peanuts creator Charles M. Schulz’s carefully preserved studio hits the market for the first time in 47 years

Fancy Pants Homes

In the charming Sonoma County town of Sebastopol, roughly 50 miles north of San Francisco, amidst picturesque landscapes, rolling hills, vineyards, and apple orchards, sits an enchanting two-parcel, 8.82-acre property with a very unique claim to fame. The larger parcel, spanning 7.32 acres, was once owned by Charles M. Schulz, the creator of the beloved comic strip Peanuts , and still houses the cartoonist’s former studio, which has been carefully preserved — and turned into an invit

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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.

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5 reasons you don’t have a listings-based real estate business (yet)

Inman

It's important to build your real estate business on listings to generate ongoing, reliable growth. Here's what might be holding you back.

Agents 125
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Gowanus Nursery Shutting Up Shop After More Than 20 Years in Brooklyn

Brownstoner

Gowanus Nursery will be closing its gates on the corner of Van Brunt and Carroll streets for the final time this weekend as its owners prepare to relocate to Connecticut after more than 20 years in the borough. According to the store’s website, June 25 will be the last day to… Read More > The post Gowanus Nursery Shutting Up Shop After More Than 20 Years in Brooklyn appeared first on Brownstoner.

Closing 98
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Home sales see typical boost in May to close a sluggish spring

Inman

The National Association of Realtors recorded 408,000 sales of existing homes in May. Before the pandemic, that number was closer to 530,000.

Sales 126
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16 Essential Questions To Ask At A Home Inspection (Before, During, & After)

Lab Coat Agents

Are you planning to purchase a new home? Congratulations! A home inspection is a crucial step in the home-buying process. It helps you understand the condition of the property and identify any potential issues. But don’t just passively observe the inspection; actively participate by asking the right questions. In this article, we’ll guide you through the entire inspection journey, from before the inspection to after it concludes.

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Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty

The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.