Mon.Aug 21, 2023

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Why Median Home Sales Price Is Confusing Right Now

Keeping Current Matters

The National Association of Realtors (NAR) is set to release its most recent Existing Home Sales (EHS) report tomorrow.

Sales 207
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RE/MAX lays off 7% of staff in reorg

Housing Wire

Denver -based real estate giant RE/MAX announced that it was laying off 7% of its staff on Friday. According to the company’s filing with the Securities and Exchange Commission , layoffs were part of a reorganization, which RE/MAX said is “intended to streamline the Company’s operations and yield cost savings over the long term.” The filing stated that RE/MAX expects the reorganization to be substantially complete by the end of the quarter.

Principal 370
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RE/MAX to reduce workforce by 7%

Real Estate News

In an SEC filing, the company said the layoffs are part of a reorganization that will “yield cost savings in the long term.

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Tom Ferry, “Smart agents stopped complaining about the market”

Housing Wire

You mindset impacts your real estate success and successful agents are looking toward the future, no wallowing in the uncertain market. Before you know it, 2024 will be upon us. The time is now to understand the market and some of the trends. We spoke with Tom Ferry , the Founder of Tom Ferry International, before his event in Dallas. Ferry sheds light on the top real estate issues impacting professionals today and gives a preview of some trends covered at the event.

Agents 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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Why brokerages should care about the FTC Safeguards Rule

Real Estate News

An update to FTC rules could impact a broad range of real estate professionals — with stiff fines for noncompliance.

Brokerage 237
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Judge in Zillow suit allows REX’s false advertising claims to stand

Housing Wire

Just days after awarding Zillow and National Association of Realtors (NAR) a major victory in their legal battle against REX Real Estate , the court made it clear that Zillow’s fight is far from over. A federal court judge concluded on Friday that in regard to REX’s false advertising claims against Zillow, the firm has proven “falsity.” The ruling came after REX filed a motion for summary judgement on the matter.

MLS 361

More Trending

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4 ways the agent/mortgage broker relationship benefits homebuyers

Inman

When it comes to finding a house to call home and securing a mortgage, the overwhelming number of options, lack of communication and never-ending paperwork can leave even the most experienced agents frustrated and homebuyers feeling discouraged.

Agents 146
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New Build on Historic Bed Stuy Block OK’d by Landmarks, But Locals Say It’s Not Quite There

Brownstoner

The revised design for a new four-story building on one of Bed Stuy’s most architecturally breathtaking blocks has been given the green light from the city’s Landmarks Preservation Commission, provided the architect and preservation consultant working on the infill project continue to tweak some details with the help of the… Read More > The post New Build on Historic Bed Stuy Block OK’d by Landmarks, But Locals Say It’s Not Quite There appeared first on Brownstoner.

Design 98
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Top futuristic home features buyers are looking for in 2023

Inman

We’re in an era where cutting-edge intelligent home features and functions are demanded by many luxury property buyers.

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Zillow Home Value and Sales Forecast: July 2023

Zillow Market Reports

Zillow’s latest forecast calls for home values to appreciate by 5.8% in 2023. Limited for-sale inventory continues to push home prices upward even as mortgage rates remain elevated Zillow forecasts 4.2 million existing home sales in 2023, a 17% decline from 2022. Zillow’s forecast of the nation’s typical home value was revised upward this month as tight inventory conditions continue to place upward pressure on home prices, despite persistent affordability challenges.

Sales 98
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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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Take Inman’s first-ever bombshell commission lawsuit survey here

Inman

A pair of explosive lawsuits could upend how brokers do business. As those suits come closer to trial, tell us how you feel about those cases and how prepared the industry is for the repercussions.

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Understanding the Home Appraisal Process: A Seller’s Guide

HomeLight

It’s natural to feel uneasy when the home appraiser shows up at your house. After all, there’s a lot riding on your home’s appraised value. If your appraisal comes out lower than you planned, it could end up delaying or disrupting your home’s sale. Fortunately, by understanding the home appraisal process and taking a few steps to shore up your home’s value, you can cut down the chance you’ll run into appraisal problems.

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How do you use captions on Instagram?

Inman

Every week Sue "Pinky" Benson answers your most pressing Instagram questions. This week, she's helping you get a handle on IG captioning.

Agents 122
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Key Tips for Buying a Foreclosure

RIS Media

The housing market is full of foreclosures, and that can mean big savings for savvy homebuyers. Purchasing a foreclosure, however, is a different game from regular home sale. Understanding the bank-owned market can help buyers get a leg-up on their competition and get the home of their dreams, for less. Here are some helpful tips… The post Key Tips for Buying a Foreclosure appeared first on RISMedia.

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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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Viant Eye says Trufile plug-in enables all-digital mortgage

Inman

Viant Eye's says rollout of its MISMO-compliant plug-in means SMART Docs "aren't just for eNotes" but documents across the whole loan lifecycle from origination to recording.

Mortgages 109
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Market in Focus: Georgia Population Growth Bounces Back After Low Growth in 2021

Eye on Housing

Between 2021 and 2022, the state of Georgia gained 124,827 residents. This was the fourth largest population gain in the U.S. and one of only four states to have a nominal population increase above 100,000. In percentage terms, Georgia’s population grew at 1.2% between this time. This was the state’s highest percentage increase in population since 2016.

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Real estate influencers allegedly scammed investors out of millions

Inman

A Florida-based couple running a real estate coaching and investment company is operating a scam that’s defrauding rookie investors, according to a handful of lawsuits filed in federal court.

Investor 108
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5 Advantages of Selling Your Home in the Fall

Coldwell Banker

While spring and summer are traditionally considered prime real estate seasons, the advantages of selling a home in the fall are often underestimated. Here are five compelling reasons why autumn might be the best time to list your property and make a big change. Reduced Market Competition Unlike the bustling real estate seasons, the fall […] The post 5 Advantages of Selling Your Home in the Fall appeared first on Coldwell Banker Blue Matter.

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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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Miami luxury agent sentenced to 3.5 years in prison for PPP fraud

Inman

Daniela Rendon was sentenced on Thursday after having misused hundreds of thousands of dollars in pandemic relief funds for her own personal luxury purchases, claiming that at the time "everybody" was doing it, according to reports.

Agents 106
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5 Tax Planning Tips for Real Estate Investors

Realty Biz

Although interest rates remain high, market conditions like low inventory and sustained buyer interest and incentives like home buyer rebates have kept the market booming. In the real estate market of 2023, savvy investors with a little cash on hand are well situated to bring in healthy profits. But smart real estate investment isn’t just about seeing an opportunity and pouncing on it.

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An economist’s take on housing prices, affordability, opportunity

Inman

Windermere Chief Economist Matthew Gardner looks at the latest numbers and the markets that still offer affordable options.

Marketing 129
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Ransomware Attack Could Be Resolving as Vendors, MLSs Revisit Security

RIS Media

Though there have been no official public updates from Rapattoni—the beleaguered MLS software provider which last week suffered a ransomware attack—agents who have been locked out of their MLSs for almost a week may have services restored in the next couple days, though details are still foggy. In an update posted to their website last… The post Ransomware Attack Could Be Resolving as Vendors, MLSs Revisit Security appeared first on RISMedia.

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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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Compass’ cash burn situation shows signs of improvement

Inman

Compass was caught flat-footed last year when the market changed, but it executed a necessary turnaround to sustainability.

Marketing 122
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Homebuilders Are Maxed Out—And the Shortage is Only Getting Worse

Bigger Pockets

Despite the demand, homebuilders are having an awfully hard time keeping up with the market. That's led to YoY declines in permits and starts. Where do we go from here?

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How to break down the success pillar of personal development

Inman

The best agents are constantly steeped in development and education, broker Nick Schlekeway writes, developing their skills personally so that they can achieve and succeed at the highest levels of real estate.

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Home Prices Reached Record Highs Again—Where Are They Growing the Most?

Bigger Pockets

Home prices reached record highs in July after several months of decline earlier this year. These markets are showing the most growth going into the rest of the year.

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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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Level up your real estate success with persuasive questioning

Inman

Join Sterling Caporale in the final class in his six-part video series to learn what intelligent and persuasive questions you can leverage.

Agents 110
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Inventory Watch

BubbleInfo

The hurricane was like our real estate market. A whole lot of build up but not much real action around the coast, with the only things of note happening in the dark of night! Link to flood photos The Padres are cooked, and real football doesn’t start until September 10th.

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Brokers, Are Your Tools Actually Helping Your Agents?

RIS Media

Successful brokerages need to stay innovative to improve their profitability. This includes adapting to the modern market, attracting and retaining top agents, and offering tools and services to level up your brand. Especially with the influx of new agents into the industry, brokerages need to help their agents stay competitive if they want to see… The post Brokers, Are Your Tools Actually Helping Your Agents?

Agents 92
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The Reigning Champ of Real Estate Advertising Returns to the Field

Coldwell Banker

Coldwell Banker Tentpole Ad Strategy Moves to Football for First Time in 2023 The post The Reigning Champ of Real Estate Advertising Returns to the Field appeared first on Coldwell Banker Blue Matter.

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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.