Mon.Feb 05, 2024

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Staging Plays Crucial Role in Accelerating House Sales

RIS Media

Selling a listing requires careful planning and execution. In today’s competitive real estate market, making a positive first impression is more crucial than ever. One effective strategy to enhance a property’s appeal and facilitate a quicker sale is through the art of home staging. In fact, 97% of agents surveyed said they believe home staging… The post Staging Plays Crucial Role in Accelerating House Sales appeared first on RISMedia.

Staging 117
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Mortgage rates surpass 7% for the first time since December

Housing Wire

The 30-year fixed mortgage rate surpassed the 7% mark on Monday on the heels of strong economic data and the Federal Reserve signaling that it will move carefully with any future cuts to interest rates. The 30-year conforming fixed mortgage rate was at 7.04% on Mortgage News Daily and 6.91% on HousingWire’s Mortgage Rate Center. It’s the first time since December that the average 30-year fixed rate has eclipsed 7%.

Mortgages 471
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NAR ends January with 1.515 million members, a loss of 38k

Real Estate News

This marks the third straight month with a drop, but the association’s chief economist said membership is “holding on much better than market dynamics suggest.

Marketing 292
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Positive signs abound for 2024 housing market: ICE

Housing Wire

Recent market trends — including an improvement in mortgage rates, housing affordability and potential refinance opportunities — suggest positive signs for the real estate market this year, according to February’s Mortgage Monitor report from Intercontinental Exchange (ICE). Mortgage rates held at 6.71% as of Jan. 24, down more than a full percentage point since their peak in October, the report noted.

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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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Longtime MLS leader 'still passionate,' sees big changes ahead

Real Estate News

Stellar MLS CEO Merri Jo Cowen reflects on 40 years in the industry, what consumers don’t know about MLSs, and the need for a thoughtful approach to AI.

MLS 277
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Former executive sues Guild over $750,000 in unpaid compensation

Housing Wire

Veteran mortgage executive James Seely has sued Guild Mortgage for allegedly failing to pay $750,000 in compensation after terminating his employment for cause by “manufacturing out of whole cloth spurious claims of Mr. Seely not working full time,” according to a recently filed lawsuit. “While we do not comment on pending litigation, Guild’s long-standing reputation for doing what’s right is built from our core values of integrity and respect, and we are committed to those values with every emp

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HomeServices asks Supreme Court to apply arbitration to Sitzer suit

Housing Wire

Commission lawsuit defendant HomeServices of America is asking the U.S. Supreme Court to hear its argument that the Eight Circuit wrongly rejected arbitration agreements with unnamed class members in the Sitzer/Burnett commission lawsuit. In late October 2023, a Missouri jury found HomeServices of America, as well as Keller Williams and the National Association of Realtors , liable for colluding to artificially inflate real estate agent commissions.

Brokerage 402
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Why Having Your Own Agent Matters When Buying a New Construction Home

Keeping Current Matters

Finding the right home is one of the biggest challenges for potential buyers today.

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RealReports raises $2 million in seed funding

Housing Wire

Proptech company RealReports , formerly known as BHR , has successfully secured $2 million in seed funding. TTV Capital , Moderne Ventures , Erez Capital and other venture capital firms led the round of investment. With this capital infusion, the company aims to accelerate its product development, grow its team and pursue market penetration with real estate brokerages, MLS associations and other proptech companies nationwide.

MLS 400
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Corcoran reels back Marcus-Wells Team, more agents, from Compass

Inman

In the ongoing tug-of-war for top agents, Corcoran Group has wrestled back eight boomerang agents from Compass and recruited an additional eight agents from Compass to the New York City-based brand.

Agents 179
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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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OneTrust Home Loans hires former Newrez executive as CEO

Housing Wire

Dallas-based OneTrust Home Loans brought on James Hecht as its CEO to spearhead the company’s various mortgage lending divisions. As a result, co-founders Josh Erskine and Shane Erskine will be pivoting to the roles of CEO and president at Warp Speed Holdings , respectively. In a statement, Hecht expressed his enthusiasm about joining OneTrust Home Loans.

Loans 393
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HomeServices wants US Supreme Court to weigh Sitzer | Burnett case

Inman

The franchisor filed a petition to the Supreme Court on Friday requesting the review of an earlier appeals court ruling barring it from enforcing arbitration agreements signed by seller clients.

Brokerage 178
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California’s ‘Master Plan for Aging’ is well received in its early days

Housing Wire

By 2034, an estimated one in five residents of the state of California will be age 65 or older. While this won’t lead to a “silver tsunami” when it comes to a flood of housing inventory, the impacts of an aging population are difficult to ignore. These shifting dynamics are causing the California state government to work to ensure that certain issues that can stem from such a demographic development — particularly for health care, housing and social services — are addressed in a comprehensive st

Equity 385
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How Jorge Guerra Jr. balances the art and science of real estate

Inman

In his latest Snapshot profile, Brandon Doyle talks to the Revive Real Estate CEO about how his path was influenced by his medical background, bringing a unique analytical perspective to his business approach.

Brokerage 168
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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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Real estate agents, here’s how to provide exceptional real estate service at scale

Housing Wire

One of the passions that has spanned my career in its entirety is creating exceptional experiences — for agents and their clients, our brokerage staff and anyone who interacts with our brand. At The Agency , where I serve as president, one of our core values is ensuring quality at every touchpoint — in our marketing , technology, services, events and beyond.

Agents 290
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24 of the best listing lead ideas for 2024

Inman

Listings remain the name of the game, and agents who have the systems and skills in place to list properties and create client relationships will win, author and coach Darryl Davis writes.

Agents 162
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Questions to Ask a Real Estate Agent When Buying a House: A Comprehensive Guide

RIS Media

Buying a house is one of the most significant financial decisions ever. Finding the right real estate agent to guide you through the process is crucial. There are many excellent reasons to have a buyer’s agent. Whether you’re a first-time homebuyer or a seasoned investor, interviewing a REALTOR® effectively can make all the difference in… The post Questions to Ask a Real Estate Agent When Buying a House: A Comprehensive Guide appeared first on RISMedia.

Agents 143
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Investment sales dropped 45% in Manhattan last year

Inman

Investor sales in Manhattan had their worst year in the past decade during 2023, if 2020 is excluded, according to a report from Ariel Property Advisors.

Sales 172
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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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4 Powerful and Dynamic Factors That Influence Real Estate Values

Realty Biz

The real estate market is a complex and dynamic arena where various factors interplay to determine home values. Understanding these factors is crucial for homeowners, investors, and industry professionals to make informed decisions. A myriad of components influences market trends in real estate. Some include but are not limited to supply and demand dynamics, interest rates, and broader economic indicators.

Investor 128
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36 real estate companies joined LeadingRE amid a whirlwind 2023

Inman

From Chisum Realty Group in New Mexico to Denovo Realty in Florida, the invitation-only business network added 14 U.S. companies to its roster in addition to nearly two dozen from across the globe.

Brokerage 159
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New Data Offers Cautious Optimism for Spring Home-Buying Season, Mortgage Market

RIS Media

As the sluggish 2023 housing market retreats farther from view, new industry data points to reasons to be cautiously optimistic about the upcoming spring home-buying season. Thanks to lower mortgage rates as of late, affordability pressures have eased. The share of income needed to buy a median home in the U.S. decreased by nearly 5… The post New Data Offers Cautious Optimism for Spring Home-Buying Season, Mortgage Market appeared first on RISMedia.

Mortgages 123
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Sluggish net new listings signal that the lock-in effect is not over

Inman

In January, the real estate market saw a 17.5 percent decline in net new listings and a 2 percent decrease in contract signings, driven by mortgage rate fluctuations, according to HouseCanary. Despite a rise in total inventory compared to 2022 and 2023, the market is still behind historical inventory averages as sellers avoid entering a higher rate environment.

Mortgages 156
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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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Where Home Prices Grew the Most (and the Least) in 2023

Bigger Pockets

The U.S. as a whole only grew by about 1% last year, but other markets saw huge gains and massive losses. From New York City to Jackson, Mississippi, we analyzed the 100 largest metros in the nation and measured their home price growth from 2022 to 2023.

Marketing 117
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REX appeals latest court loss, aims to keep fighting Zillow

Inman

The company is appealing a recent ruling that rejected its request for a new trial. REX has been feuding with Zillow for years now.

MLS 182
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Gains for Student Housing Construction

Eye on Housing

According to the data released by Bureau of Economic Analysis (BEA), private fixed investment in student dormitories inched up 1.2% to a seasonally adjusted annual rate (SAAR) of $3.96 billion in the last quarter of 2023, after a 5.5% increase in the third quarter. Private fixed investment in dorms was 10.2% higher than a year ago, but still slightly below.

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Looking to add value to your team in 2024?

Inman

As we start a new year, brokers are thinking through how to adapt, adjust and grow their teams. And more important than growth for the sake of growth is making sure that every new real estate professional is adding the greatest value to your business – and this goes beyond commission numbers.

As-is 153
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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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Should You Buy Now or Wait? Here’s How to Mathematically Calculate Your Options

Bigger Pockets

With high home prices and higher interest rates, investors have been wondering if now is the right time to buy. While it depends on the market and, even more so, the deal itself, with a long-term mindset, you can make it work by "marrying the property and dating the rate." Here's how to calculate if now is the right time to buy a property.

Investor 114
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A recovery in new listings is easy to miss — but it may be underway

Inman

Winter is always slow, but new listings have been trending toward normal levels in recent months, according to a new Intel analysis of US homes for sale. Lower rates may only speed up the process.

Sales 145
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Homes for Heroes Foundation Philanthropy Soars in 2023

RIS Media

Homes for Heroes Foundation—the charitable arm of Homes for Heroes, Inc.—has announced its philanthropic activity in 2023 totaled $262K in charitable grants. The organization also supported 6,514 heroes that bought or sold a home, and gave out $15.8M in Hero Rewards Savings to heroes across the nation. “Giving back to heroes is the heart of… The post Homes for Heroes Foundation Philanthropy Soars in 2023 appeared first on RISMedia.

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It’s the little things, not the big things, that upend transactions

Inman

Troy Palmquist of eXp talks with bi-coastal broker and Inman contributor Cara Ameer about the lessons she's learned and what she'd share with agents now.

Agents 124
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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.