Inman
MAY 17, 2023
Implementing robust content marketing solutions will allow agents to prove the value of their efforts, writes content marketing expert Joe Hyrkin, while also enabling them to evaluate and plan new outreach strategies guaranteed to drive engagement and conversions.
Housing Wire
MAY 17, 2023
A bipartisan group of legislators from the U.S. Senate and House of Representatives have introduced a new bill, the Affordable Housing Credit Improvement Act (AHCIA), which could help spur the construction of two million affordable housing units over the next 10 years. The bill has been introduced in both chambers and seeks to expand the low-income housing tax credit.
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Real Estate News
MAY 17, 2023
In an exclusive interview, CoStar CEO Andy Florance shared his ambitious road map for Homes.com’s growth and a critique of the site's competitors.
Housing Wire
MAY 17, 2023
Incentivized by a 200 basis point decline in mortgage rates, 14 million homeowners in America refinanced their mortgages between the second quarter of 2020 and the fourth quarter of 2021, according to a recent research report by the New York Fed. Approximately 5 million homeowners extracted $430 billion in home equity from their cash-out refinancings ($81,000 on average), while 9 million received a rate-term refi and shaved more than $200 on average from their monthly mortgage payments.
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Real Estate News
MAY 17, 2023
A new survey by Opendoor found that a high percentage of home buyers and sellers are willing to make some concessions in order to close a deal.
Housing Wire
MAY 17, 2023
Transactions in the fix and flip market have been booming in recent years, with more than 407,000 homes flipped in 2022, up 14% over 2021 and up 58% over 2020, according to a recent report by real estate data firm ATTOM. In fact, ATTOM reports that one in 12 home sales in the nation last year, or 8.4%, involved fix and flip investors — whose strategy is to acquire, renovate (fix) and then resell (flip) the properties.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
MAY 17, 2023
Recent home price declines are leading to decreased tappable equity, but there are still opportunities in home equity lending, according to a report published by Home Equity Lending News. While 30-year fixed ra tes on first mortgages are far from the 4% range – which many existing first mortgages were refinanced to during the pandemic – the number of transactions where a second mortgage makes more sense than a first mortgage diminishes each time first-mortgage rates decline another 100 bps, acco
Real Estate News
MAY 17, 2023
David Romero was hired as EVP of growth at Realty ONE, and John R. Wood Christie's announced 4 exec-level promotions.
Housing Wire
MAY 17, 2023
Borrowers’ demand for home loans slowed down last week as mortgage rates increased to their highest level in two months. This time the source of volatility is not the Federal Reserve’s tightening monetary policy but ongoing discussions to raise the U.S. statutory debt ceiling in Congress. Secretary of the Treasury Janet Yellen sent a letter to all members of Congressional leadership on Monday saying the federal government will likely no longer be able to satisfy its obligations if Co
Keeping Current Matters
MAY 17, 2023
The National Association of Realtors (NAR) will release its latest Existing Home Sales Report tomorrow.
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Housing Wire
MAY 17, 2023
Rocket Mortgage ‘s top executives believe the mortgage market is near the bottom, which means a recovery may be on the horizon soon. “If we’re at historic refinance lows and if we’re at secular purchase lows, you largely can paint a picture over the coming years that we’ll see both of those expand. So yes, we’re toward the bottom in that,” Bob Walters, CEO at Rocket Mortgage and president and COO at Rocket Companies , said.
Inman
MAY 17, 2023
Housing starts rose 2.2 percent month over month in April, as homebuyers increasingly turn to new construction to combat low inventory in the resale market, the US Census Bureau reported Wednesday.
Bigger Pockets
MAY 17, 2023
The looming debt ceiling is worrisome, as the economic implications that follow a possible default are unprecedented and could be catastrophic for all sectors, including real estate. Here's what you need to know.
Inman
MAY 17, 2023
At the Realtors Legislative Meetings, NAR attorney Charlie Lee stressed agents can't count on a "standard" commission and will have to negotiate compensation with clients and listing brokers.
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RIS Media
MAY 17, 2023
Anyone associated with the real estate market knows well that trends ebb and flow based on a variety of outside factors, from the seasons to the state of the economy. Design preferences tend to fluctuate rapidly and luxury real estate professionals must stay attuned to emerging styles. Individuality is key—long gone are the days of… The post 4 Luxury Home-Staging Trends for 2023 appeared first on RISMedia.
Inman
MAY 17, 2023
At the National Association of Realtors' midyear conference, a committee on Realtor safety suggested adding MLS data fields to point out hazards such as inconsistent cell service and limited visibility from the road.
Eye on Housing
MAY 17, 2023
Single-family built-for-rent construction has cooled as investor interest has pulled back on tighter financial conditions. According to NAHB’s analysis of data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design, there were approximately 14,000 single-family built-for-rent (SFBFR) starts during the first quarter of 2023. This is almost 7% lower than the first quarter of 2022.
Inman
MAY 17, 2023
You may feel that small-scale investments won't do much for your bottom line, but, according to Certified Financial Planner Jordan Curnutt, they can have an outsized impact on your net worth.
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.
RIS Media
MAY 17, 2023
Above, John Featherston (left) and Lennox Scott (far right) co-moderate RISMedia’s annual Power Broker Forum at last month’s National Association of REALTORS® Legislative Meetings, with panelists Erin Cestero, Janet Howard, Rei Mesa and Ken Baris. Given today’s fast-moving and often troubling headlines, it can be difficult for brokerage owners and managers to keep their firms… The post Brokers Get Real About 2023 appeared first on RISMedia.
Inman
MAY 17, 2023
San Juan-based Clubhouse Real Estate is now Christie's International Real Estate Puerto Rico, becoming the island's exclusive affiliate for the luxury real estate firm.
RIS Media
MAY 17, 2023
With inventory back to being the No. 1 issue in many regions and prices largely remaining resilient, homebuilders appear poised to add some much needed new homes to the market, with data showing another uptick in housing starts last month. “Homebuilders are feeling confident about the outlook for new housing demand,” said Bright MLS Chief… The post New Construction Up Again, With a Boom Out West appeared first on RISMedia.
Inman
MAY 17, 2023
Much-needed changes were made according to account level. Customers were lumped into buying what seemed like random blocks of home scans with big gaps between the number of digital twins allowed.
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.
RIS Media
MAY 17, 2023
NAR PULSE—NAR powers innovation in real estate. Through NAR’s Strategic Business, Innovation & Technology (SBIT) group, including its strategic venture arm, Second Century Ventures, we research it, we champion it, we advance it. We support those who are going to change the future of real estate, the way we live and the way REALTORS® work.… The post NAR + Tech.
Inman
MAY 17, 2023
Rise in mortgage rates defies expectations as unusually wide "spread" between 10-year Treasury yields and mortgages reflects investor fears of another refi wave.
RIS Media
MAY 17, 2023
Melissa Collins Principal Broker, Weichert, REALTORS® – Market Edge Harrison, Arkansas [link] Region served: North Central Arkansas and Southern Missouri Years in real estate: 14 Number of offices: 1 Number of agents: 17 After a record-breaking past couple of years, how are you maintaining growth in your brokerage? Weichert, REALTORS® is consistently named one of… The post Broker Strategies: Creating Community From the Ground Up appeared first on RISMedia.
Inman
MAY 17, 2023
It’s better to start building your brand late rather than never, writes coach Darryl Davis. The key is to start as soon as possible.
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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.
RIS Media
MAY 17, 2023
The Agency’s Olivia Merrill shares how to leverage your passions and develop a local brand that resonates with consumers and the community. Episode #43 Olivia Merrill Broker Associate The Agency Overview Most real estate professionals agree that developing a brand that resonates with consumers is paramount to a thriving business. However, The Agency’s Olivia… The post ‘Real Estate Is All About the Community,’ Relationship Building and Developing Your Niche Brand appeared first on RIS
Inman
MAY 17, 2023
New homes now represent a third of all homes on the market. That’s 2.5 times higher than the historical average for the two decades leading up to COVID-19, according to the NAHB/Wells Fargo HMI.
RIS Media
MAY 17, 2023
Another debate—or squabble—over the U.S. debt ceiling has broken out between lawmakers, raising a distant specter of potential federal default that has sparked some questions among real estate pundits. Though many are hopeful that a government default on its mountains of debt is extremely unlikely, that hasn’t stopped economists from speculating on the calamity that… The post Where Does Real Estate Stand in the Debt-Ceiling Debate?
Inman
MAY 17, 2023
Most publicly traded real estate companies continued to bleed money in the first chunk of 2023. These metrics help explain why investors aren't panicking.
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.
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