Inman
MAY 8, 2023
It can be hard to know which type of photographer will show up at your property. Here are some best practices to ensure your listing (and your client) are set up for success.
Housing Wire
MAY 8, 2023
Mortgage lender and servicer NewRez on Monday launched a special purpose credit program through Freddie Mac that will provide $3,000 or more in closing cost assistance to qualifying first-time homebuyers. Freddie Mac’s BorrowSmart Access program will be available to NewRez borrowers through Caliber Home Loans ‘ national network of branches.
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Real Estate News
MAY 8, 2023
If approved Thursday, NAR’s proposal would increase dues based on the inflation rate. This would increase 2024 dues to $156 (from $150).
Housing Wire
MAY 8, 2023
With mortgage rates still in the mid 6% range, borrowers who received mortgages in April 2023 paid an average of $2,343 a month, up 28% from a year prior. That’s according to the latest origination data from mortgage tech firm Candor Technology. Per data from Candor’s underwriting engine, the average buyer in April 2023 received a loan worth about $366,000 at an average APR of 6.5%.
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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.
Real Estate News
MAY 8, 2023
Agents need to be prepared for anything, from spills to smells, all while keeping their clients happy and hydrated.
Housing Wire
MAY 8, 2023
In the first quarter of 2023, California-based lender Guild Mortgage , which announced a leadership transition in March, continued to face pressures from high mortgage rates and low inventory levels – just like its peers. Ultimately, the company’s revenues declined more than its expenses in the period, leading to another quarterly loss. “While these results reflect a challenging backdrop of rising rates and limited inventories, we continue to gain market share as we execute on our
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
MAY 8, 2023
The rapid housing market cool down and the rapid pace at which the Federal Reserve hiked interest rates took their toll on the title insurance industry in 2022. Last year, the industry generated $21 billion in title insurance premiums, down 16% from 2020, according to the American Land Title Association’s Market Share Analysis released Monday. During the fourth quarter of the year, the title insurance industry generated $4.4 billion in title insurance premiums, down 38% year over year.
Keeping Current Matters
MAY 8, 2023
If you’re looking to buy a house, you may find today’s limited supply of homes available for sale challenging.
Housing Wire
MAY 8, 2023
For those in the mortgage space, there are a myriad of technology solutions claiming to help streamline lending operations and improve efficiency. These workflows help title and settlement companies track how data and decisions flow from initiation to outcome. Yet, somewhere along the steady stream of tasks, we’ve lost the personalized touch. When investing in a technology that someone else designed to automate workflows, it’s important to ask — how do I make this workflow work for me?
Inman
MAY 8, 2023
The sale-leaseback platform plans to launch a marketplace later this year designed to serve homesellers and buyers, both individuals and investors, EasyKnock revealed to Inman exclusively.
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.
Housing Wire
MAY 8, 2023
Flagstar Bank , a top-25 U.S. mortgage lender, recently participated in two M&A deals. In December 2022 , the bank concluded the merger with New York Community Bancorp after waiting for regulatory approvals for over a year. In March 2023, Flagstar surprised the market amid the banking crisis by acquiring some assets, liabilities and deposits of Signature Bank from the Federal Deposit Insurance Corporation ( FDIC ).
Inman
MAY 8, 2023
To cover an expected budget deficit, the National Association of Realtors' Finance Committee has proposed aligning dues with the Consumer Price Index, increasing the likelihood of annual hikes.
RIS Media
MAY 8, 2023
Did you know there are currently more households with pets than children? According to the U.S. Census, the share of families with children under the age of 18 living in the home has continued to decline. The share with children in 2022 stands at 40%, down from 48% in 2002. This is likely for two… The post A Stunning Stat: More Pets Than Kids at Home appeared first on RISMedia.
Inman
MAY 8, 2023
You may not consider yourself a specialist in a particular lifestyle segment, but think about it this way: your market, by its very nature, is a specialty
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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.
RIS Media
MAY 8, 2023
It can be hard to land your first few clients when you’re just getting started in real estate. Until your reputation speaks for you, you may have to work a bit harder to earn the trust of your first few clients. Remember that once you do have a few listings under your belt, you’ll be… The post Earning the Trust of Your First Real Estate Listing appeared first on RISMedia.
Inman
MAY 8, 2023
The Local Logic tool will provide members of the California Regional Multiple Listing Service with critical demographic and economic intelligence on real estate markets around the country.
RIS Media
MAY 8, 2023
It always helps to be a glass-half-full thinker when faced with the challenges of a turbulent market shift. Redfin CEO Glenn Kelman certainly exuded that mentality as he unpacked the company’s rough performance in the first three months of the year. Redfin reeled in $325.7 million in the first quarter, down 45% from last year,… The post Redfin Q1 Revenue and Profits Tumble Amid Housing-Market Hurdles appeared first on RISMedia.
Inman
MAY 8, 2023
A struggling Hilton hotel, near John F. Kennedy International Airport, will be converted to nearly 300 affordable housing units, according to a plan unveiled last week by developer Slate Property group that was first reported by The New York Times.
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 8, 2023
Company culture is a hot topic these days as brokerages define what they do and how they do it, hopefully using their reputations to draw elite talent. It informs every aspect of businesses that rely on staff members working together as a team. In residential real estate, wherein agents know and interact with those from… The post How Brokerages Establish (and Promote) ‘Company Culture’ appeared first on RISMedia.
Inman
MAY 8, 2023
Charlie Lee, the National Association of Realtors' senior counsel, spoke on legal issues impacting agents at the MLS Association Executives Session at the Realtors Legislative Meetings on Sunday.
RIS Media
MAY 8, 2023
RE/MAX Holdings, the parent company of real estate franchise RE/MAX and Motto Mortgage, released its Q1 2023 earnings report on May 4, 2023. The company reported a total revenue of $85.4 million. This is a 5.04% increase from the previous quarter’s revenue of $81.3 million, but a 6.2% decrease compared to Q1 2022. Revenue excluding… The post RE/MAX Experiences Expected Year-Over-Year Decline in Q1 2023 appeared first on RISMedia.
Inman
MAY 8, 2023
Watch this week's featured Inman Access class to discover the secrets to building trust, credibility, and differentiation to succeed in a challenging and saturated marketplace.
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 8, 2023
Real estate technology company Opendoor was unable to report much positive news in its Q1 2023 earnings report May 4. New CEO Carrie Wheeler said the iBuying brokerage’s vision “is to build the most trusted e-commerce platform for residential real estate. We have dedicated the last nine years to delivering on this vision, and we… The post More Losses for Opendoor as It Seeks to Regain Footing appeared first on RISMedia.
Inman
MAY 8, 2023
Solid communication, attention to detail and a willingness to go the extra mile are all necessary to create a well-thought-out contract package.
Realty Biz
MAY 8, 2023
Statistics indicate that direct mail gets an ROI of 112%, the highest across all mediums. Americans feel more comfortable getting direct mail than other forms of advertising, including social media ads. This makes it a worthy investment for realtors. It’s a highly targeted marketing technique and involves sending physical mail pieces like a newsletter, postcard, letter, or brochure to a particular audience.
Inman
MAY 8, 2023
WellcomeMat helps agents organize, publish and analyze video content performance. California Regional MLS welcomed the marketing add-on as a proptech partner.
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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 8, 2023
Despite a thaw in the market in time for Spring, low inventory is still causing higher prices, creating affordability issues for buyers across the market, according to a new report from Realtor.com. Realtor.com’s Monthly Housing Trends Report for April found that, compared to 2022, the median listing price grew by 2.5% to $430,000, up 36.5%… The post Lack of Sellers and Slow Inventory Growth Slow Spring Thaw appeared first on RISMedia.
Inman
MAY 8, 2023
Ishbia, majority owner of the Phoenix Suns, was knocked over by Nuggets' star Nikola Jokic in a play that headed his way, for which he was given a technical foul.
The American Genius for Real Estate
MAY 8, 2023
ChatGPT brings a lot of potent abilities to the table for small businesses, and now you can integrate the bot into your own site's pages.
Inman
MAY 8, 2023
It's time to question unfounded legal warnings and negative scenarios that don't make sense so that we can put this tool to use for buyers, the CEO of Darryl Davis Seminars writes.
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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