Mon.Oct 23, 2023

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Mortgage delinquencies ticked up in September: ICE

Housing Wire

While the mortgage delinquency rate remains low compared to pre-pandemic levels , the number of delinquent loans ticked up in September, according to the ICE Mortgage Monitor report. The national delinquency rate climbed to 3.29% in September, which is up 12 basis points from August and up 13 basis points from September 2022. This makes it the second and largest annual increase in the last 2.5 years, however, the delinquency rate remains 71 basis points below the pre-pandemic level of September

Mortgages 472
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Why Home Prices Keep Going Up

Keeping Current Matters

If you've ever dreamed of buying your own place, or selling your current house to upgrade, you're no stranger to the rollercoaster of emotions changing home prices can stir up.

Marketing 285
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Commission lawsuit: HomeServices files motion for judgment as a matter of law

Housing Wire

KANSAS CITY, Missouri — The second week of the Sitzer/Burnett class-action buyer broker commission antitrust lawsuit kicked off with a bang. Just prior to the plaintiffs resting their case late Monday afternoon, HomeServices of America , one of the three remaining defendants in the commission lawsuit , filed a motion for judgment as a matter of law.

MLS 458
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Plaintiffs zero in on antitrust violations as they wrap their case

Real Estate News

A former NAR committee member called traditional compensation practices “the ultimate form of restraint of trade,” claiming that NAR looked the other way.

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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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Rents dropped again in September: Realtor.com

Housing Wire

While rent prices remain elevated compared to pre-pandemic levels, the median asking rent price fell $29 from the July 2022 peak, to $1,747, according to Realtor.com. “As rents ease and both home prices and mortgage rates continue to climb, it’s become more economical to rent than to buy in nearly all major markets,” Danielle Hale, chief economist at Realtor.com said in a statement.

Mortgages 443
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People on the Move: Livian, Real bring on seasoned execs

Real Estate News

Thad Fisher, former eXp, Anywhere and Zillow leader, joins KW's Livian platform; Christian Wallace named first chief of integrated home services at Real.

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Falling rents could help prospective buyers save up

Real Estate News

Realtor.com's latest rental report found that rent prices across the U.S. dipped in September, continuing a five-month trend.

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Thinking of selling your real estate brokerage? Here’s how to prepare

Housing Wire

Over the course of our 40+ years at RealTrends Consulting we’ve brokered and/or advised on over 900 transactions in the residential real estate industry. We usually represent the sell side of the deal and work with firms that range in size from small, one-office, 10-agent shops to the largest in the nation. We’ve learned a few things along the way, and if you’re thinking about selling your real estate brokerage firm, whether next month or five years from now, one of our biggest pieces of advice

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How to ensure the best outcomes for clients buying property overseas

Inman

For the past three years, luxury buyers have been on the move. Increased opportunities to work remotely — and, by extension, live remotely — have enabled them to embrace new lifestyles or seek a higher quality of life, whether that means exploring regions and markets with better weather, lower costs, or a more relaxed pace.

Marketing 196
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Kara Lamphere joins Click n’ Close as new chief operating officer

Housing Wire

Click n’ Close , a mortgage lender mostly active in the wholesale and correspondent channels, appointed Kara Lamphere to the role of chief operating officer (COO). “Kara is a powerhouse, and we are thrilled to have her back as part of our executive team to help guide our continued growth and success,” Click n’ Close Owner and CEO Jeff Bode said in a statement.

Closing 390
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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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Get into a ‘New York State of Mind’ with the home Billy Joel wrote it in

Inman

The house that once helped Joel complete his famous ode to the Empire State has hit the Upstate New York housing market for $2.5 million. In recent years, the property served as a bed-and-breakfast.

Marketing 172
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What is the Cost of a Transaction Coordinator in Real Estate?

RIS Media

The world of real estate is known for its complexities, paperwork and intricate processes. Buyers and sellers often rely on professionals to guide them through these intricacies. One such professional is the real estate transaction coordinator (TC). We will explore the role of a transaction coordinator in real estate and the cost associated with their… The post What is the Cost of a Transaction Coordinator in Real Estate?

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New consumer app, agent financial health focus of Real conference

Inman

On the first morning of its annual conference held in San Diego, technology-driven real estate brokerage Real unveiled a new consumer-facing app with the promise of bettering the way homes change hands.

Brokerage 170
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Pickleball Helps Florida Broker Net Real Estate Deals

National Association of Realtors: Culture Scan

Pickleball Helps Florida Broker Net Real Estate Deals Jay Granieri of One Sotheby’s International Realty in Fort Lauderdale says America’s fastest-growing sport is a perfect match for finding new leads.

Marketing 124
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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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‘Rabbit gets the gun’: The essential guide to Week 1 of Sitzer | Burnett

Inman

Big names, heated exchanges and the emergence of homeseller plaintiffs on the stand dominated the first week of the Sitzer | Burnett commission trial in Kansas City, Missouri.

MLS 167
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COURT UPDATE: HomeServices Petitions for Immediate Judgment Against Plaintiffs

RIS Media

KANSAS CITY—HomeServices of America, one of the defendants in the Burnett commission trial, today filed a motion for summary judgment—a ruling in its favor without any further proceedings—just as the plaintiffs are about to rest their case, claiming that no evidence has been presented to show they conspired together on rules or commissions. The plaintiffs’… The post COURT UPDATE: HomeServices Petitions for Immediate Judgment Against Plaintiffs appeared first on RISMedia.

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On-call marketing? It’s the new normal at Coldwell Banker Realty

Inman

Time, the most precious commodity in a real estate agent's arsenal, has just received a major upgrade for agents affiliated with Coldwell Banker Realty.

Marketing 184
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RE/MAX Sees Large Growth Over Recent Months

RIS Media

RE/MAX has announced the addition of 15 new offices over the past two months, adding nearly 350 agents to the brand. The additions are a mix of new offices, conversions of formerly unaffiliated brokerages, and expansions of existing RE/MAX companies, the company stated. New brokerage openings: Shawn Gaugler opened RE/MAX Legacy in Bozeman, Montana Mandy… The post RE/MAX Sees Large Growth Over Recent Months appeared first on RISMedia.

Brokerage 119
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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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Speed up new build purchases with a cash offer from Offerpad

Inman

Today’s housing market is unlike any in decades. While existing home sales are increasingly in the news, new construction is proving to be an attractive and increasingly important segment for agents.

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Real Estate Isn’t Enough—Here’s How Three Pro Investors Diversify Their Portfolios

Bigger Pockets

As the saying goes, don't put all of your eggs into one basket. We interviewed three pro real estate investors and asked how they diversify their portfolios. Here's what they said.

Investor 109
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9 tips for maintaining a healthy relationship with your phone

Inman

Broker Pam Blair knows that you need your phone to keep in touch with clients and colleagues, but writes that setting appropriate and healthy boundaries around screen time can help to ensure better mental and emotional health.

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Cut Through the Housing Market Noise in Music City: How to Sell Your Nashville House Fast

HomeLight

A record 15 million annual tourists came to Nashville in 2018 to let loose at a honky tonk bar, chow down on hot chicken, and scope the town for a famous musician sighting. But even in a place steeped with as much culture as Music City, you’ve got normal people who live there, go to work, grab groceries, and yes—even sell homes. That last task? Easier said than done.

Staging 109
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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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Keyes Company, BHR strike chord on deal for data

Inman

Keyes agents will benefit from BHR’s nuanced data reports filtered by an artificial intelligence interface called Aiden, designed to give agents a competitive experience with at-the-ready tools for translating current market performance and emerging trends into buying and selling decisions.

Design 157
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Understanding Deeds: A Comprehensive Guide

Bigger Pockets

Understanding how deeds work is vitally important for every real estate investor. There are several different kinds of deeds, and the type you get when you buy a property may affect whether you have recourse if there are any future claims. A clause in the deed may also limit what you can do with your property or require you to allow other property owners to cross your property to access theirs.

Investor 108
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Project to tackle appraisal bias continues with Nov. 1 hearing

Inman

The public is invited to join leaders from the American Bankers Association and mortgage giants Fannie Mae and Freddie Mac for a hearing on tackling appraisal bias.

Mortgages 160
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Small Commercial Building Rising on Gas Station Site at Metropolitan and Bushwick Avenues

Brownstoner

A three-story building with a corrugated facade rising on the western corner of Metropolitan and Bushwick avenues in Williamsburg is set to bring two floors of retail and one of office space to the busy thoroughfare. The 12,655-square-foot building at 2 Bushwick Avenue has topped out and workers were on site… Read More > The post Small Commercial Building Rising on Gas Station Site at Metropolitan and Bushwick Avenues appeared first on Brownstoner.

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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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NYC’s rep falters amid lower economic, real estate prospects

Inman

The Big Apple ranks behind 18 other cities, including Boston, Seattle, and Boise, Idaho, when it comes to factors such as post-COVID urban recovery, commercial real estate, mass transit, crime, outmigration, and work-from-home trends, according to Michael Cemblast, chairman of market and investment strategy at JPMorgan.

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How to Move Across the Country: 5 Options, From Cheapest to Most Expensive

HomeLight

You’ve always wanted to move across the country and now you’re ready to take that step — but, do you really know how much it’s going to cost? Do you know how you’re going to do it, exactly? Peter Chiarkas is an agent in Pennsylvania who’s spent 24 years helping professors relocate from around the country to Penn State. He recommends “only working with the best Realtors ; they’re going to know the best people to use, so you’ll have a good experience getting across the country.

Agents 108
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How global events jeopardize fair housing (and what you can do)

Inman

Dr. Lee Davenport draws on both historical context and current events to describe how the latest news can impact the application of fair housing laws and policies.

Brokerage 151
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Two Las Vegas BHHS Brokerages Merge

RIS Media

Two of Berkshire Hathaway HomeServices Nevada Properties’ top teams, The Mullin Group and The Blankfeld Group, have merged to create The Mullin Blankfeld Group. This merged firm will have a total of 42 real estate agents. “Working together as one group combines a vast range of industry backgrounds that contribute to expertise in every category… The post Two Las Vegas BHHS Brokerages Merge appeared first on RISMedia.

Brokerage 115
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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.