Sat.Apr 22, 2023 - Fri.Apr 28, 2023

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Housing Market Tracker: Inventory finally rises

Housing Wire

Can we now say that the housing market ‘s spring selling season is finally underway? Since 2020, the seasonal bottom for housing inventory has arrived several months later than normal, making it more complicated to track housing inventory data. Still, we have some promising signs that we might have finally hit the inventory bottom for 2023. We didn’t see too much volatility in mortgage rates last week, but purchase apps declined in reaction to rates rising two weeks ago.

Marketing 545
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The Power of Pre-Approval

Keeping Current Matters

If you’re buying a home this spring, today’s housing market can feel like a challenge.

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Here’s every AI platform real estate agents need to know about in 2023

Inman

Tools such as ChatGPT and DALL-E have opened the artificial intelligence floodgates and promise to permanently transform the way agents operate. But there's so much more to explore.

Agents 163
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Newer brokerages take top spots in Mega 1000 rankings

Real Estate News

Several of the top brokerages in T3 Sixty's Mega 1000 list were founded after 2000, including top-ranking Compass.

Brokerage 319
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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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Brokers to Offer a Reality Check on 2023

RIS Media

As we headed into 2023, brokers braced for impact, ready to confront the challenges—and surprises—that lay ahead for residential real estate. Now, as we approach the year’s midway point, it’s time to assess how business has unfolded so far and reframe what’s in store for the next six months and beyond. During RISMedia’s Annual Power… The post Brokers to Offer a Reality Check on 2023 appeared first on RISMedia.

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DataDigest: Correcting the LLPA false claims

Housing Wire

Your social media feed right now is probably abuzz with claims that the FHFA’s new loan level pricing adjustments (LLPAs) on conventional mortgages favor buyers with bad credit over buyers with great credit. “A 620 FICO score gets a 1.75% fee discount and a 740 FICO score pays a 1% fee” reads one screenshot from a Fox News segment making the rounds on social.

Loans 403

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Buying a Fixer-Upper

Windemere Buying

For some home buyers, a fixer-upper is their idea of a dream home. However, the process of buying a fixer-upper comes with additional responsibilities compared to properties in better condition or new construction homes. Preparing for the process comes down to creating a remodeling plan, knowing what to look for when searching for listings, and understanding what financing options are available.

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Here Is EVERYTHING You Need To Know About EXPCON 2023

Kyle Handy

EXPCON is a 4-day event hosted by eXp Realty every year, bringing together thousands of agents worldwide, including those not yet affiliated with eXp Realty. The 2023 conference is scheduled for October 2nd – 5th and will be held at the Mandalay Bay Resort and Casino in Las Vegas, Nevada. eXp Realty is a cloud-based real estate brokerage where agents primarily work within the company’s virtual office, eXp World.

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How to make a fading office building into a high-rise apartment

Seattle Times Real Estate

Converting office buildings into housing is less like a sweeping fix and more like a set of intricate puzzles — a different one for each building.

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FedNow: instant payments or instant fraud?

Housing Wire

Being able to close on a home at any time on any day of the year has long been a pipe dream, but the Federal Reserve ’s new FedNow instant payment system looks to be making that dream a reality. However, before one gets too excited, the title insurance industry is asking if it really is worth sacrificing security for speed. “There is the obvious perceived benefit of faster payment and they are touting that it will be cheaper than wire transfers , and of course you no longer have to worry about m

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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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Corcoran's five decades of female leadership

Real Estate News

In 1973, with a $1000 loan, Barbara Corcoran launched what would become a global luxury real estate company. And it's always had a woman at the helm.

Loans 276
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What Are the Experts Saying About the Spring Housing Market?

Keeping Current Matters

The housing market’s been going through a lot of change lately, and there’s been uncertainty surrounding what will happen this spring.

Marketing 220
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5 make-or-break factors consumers consider when choosing a real estate agent

Inman

A new report by RE/MAX explores what's most important to today’s homebuyers and sellers, from their criteria for choosing a real estate agent to their adaptability for the future. The findings are valuable intelligence for agents and brokers alike.

Agents 163
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Pending home sales fall 5.2% in March

Housing Wire

For the first time since November 2022, pending home sales fell in March, posting a 5.2% month-over-month decrease, according to data released Thursday by the National Association of Realtors (NAR). The monthly drop resulted in the Pending Home Sales Index recording a reading of 78.9, down 23.3% year over year. An index of 100 is equal to the level of contract activity in 2001.

Sales 429
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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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Buckle up: More buyers may be on the way

Real Estate News

A new survey from the National Association of Home Builders found a significant increase in the number of adults who plan on buying a home this year.

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The Three Factors Affecting Home Affordability Today

Keeping Current Matters

There’s been a lot of focus on higher mortgage rates and how they’re creating affordability challenges for today’s homebuyers.

Mortgages 207
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The call of the wild: Why agents are thriving in remote markets

Inman

When talking about luxury vacation homes, locations such as Wyoming's Teton County and Montana’s Bitterroot Valley may not be the first markets that come to mind, but there’s great value in hidden gems.

Marketing 159
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Desperate for deals, mortgage pros get creative

Housing Wire

With few homeowners willing to give up their low mortgage rates, Mike Roberts has shifted his focus to targeting first-time homebuyers. He’s been watching the spring homebuying season slowly pick up and buying leads through Zillow and Realtor.com. It’s a lot of work, and there’s no guarantee that they will pay off. “A first-time homebuyer requires a tremendous amount of nurturing,” said Roberts, the president and founder of City Creek Mortgage.

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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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50-year Arizona real estate veteran sees blue skies ahead

Real Estate News

Brokerage leader Bill Ryan, whose firm recently joined KW, has seen tremendous growth — and a few booms and busts — over his five decades in the industry.

Brokerage 263
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Luxury Real Estate Headlines: Final Week in April, 2023

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Los Angeles, California | Sotheby’s International Realty – Pacific Palisades Brokerage Carol Burnett, the iconic comedian and actress, has sold her longtime Los Angeles home for $3.7 million. Carol Burnett’s Longtime Los Angeles Home Sells for $3.7 Million – The Wall Street Journal Five of the World’s Best Homes for Sale with Landscaped Gardens – Financial Times Custom-Built Colonial in

Brokerage 139
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Highlights from Sotheby’s biggest brand networking event ever

Inman

The event, which took place at The Wynn in Las Vegas, facilitated networking, relationship-building and education across about 3,000 of the brand's agents, brokers and staff.

Branding 157
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Home loan demand increases despite higher mortgage rates

Housing Wire

Higher mortgage rates did not scare away potential homeowners last week. Borrower demand for home loans increased across the board, despite rates being at their highest level in over a month. “There are still so many borrowers looking to purchase a home. Plenty of buyers, but not enough homes for sale,” California-based mortgage loan officer Dan Stone, who works with hundreds of mortgage lenders, told HousingWire.

Loans 402
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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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Baird & Warner 'snowbird' agents can follow buyers to Florida

Real Estate News

Jeff and Joanne Collis, originally based in Illinois, have been building a business in Naples, Florida while also working on deals in the Chicago suburbs.

Agents 263
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States with Highest and Fastest Rising Construction Wages

Eye on Housing

Despite a housing market slowdown but reflecting persistent long-term labor challenges, wages in construction continue to rise, often outpacing and exceeding typical earnings in other industries. According to the latest Current Employment Statistics (CES) report from the Bureau of Labor Statistics (BLS), average hourly earnings (AHE) in construction vary greatly across 43 states that reported these data.

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Pam Liebman: Corcoran’s 50th year, taking the high road and more

Inman

In advance of the brokerage's second annual BeCorcoran event, the president and CEO spoke with Inman about her thoughts on Corcoran's past, present and future and how the brokerage is meeting a shifting market head-on.

Brokerage 156
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Opinion: tools for landlords to help low-income tenants

Housing Wire

The federal Housing Choice Voucher (HCV) program is a powerful tool to help low-income families find apartments they can afford, but the program isn’t reaching its potential because far too few landlords participate in it. Landlords who refuse to participate cite several reasons, including what they regard as undue regulatory burdens and concerns about tenant “quality.

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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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The search for LGBTQ-friendly agents just got easier

Real Estate News

The LGBTQ+ Real Estate Alliance recently launched a consumer site that helps potential clients find an agent who understands their needs and challenges.

Agents 260
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The Lush Life: 5 Homes in Gloriously Green Locales

Sotheby's International Real Estate

In desirable destinations from Cape Cod to Palm Beach, these homes are surrounded by lush landscapes that extend their interior opulence to the outdoors. Light-Filled Luxury in Florida Lisa Cregan | Sotheby’s International Realty – Palm Beach Brokerage This historic Bermuda-style home in Palm Beach exemplifies luxurious, light-filled Florida living.

Brokerage 136
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And the cheapest state to buy a home is…

Inman

Although median home price growth has slowed from its once-maniacal pace, purchasing a home is still an expensive feat as existing-home prices reached $375,700 in March. Inflation and elevated mortgage rates have created additional financial pressure and placed homebuyers on precarious hunts for affordable homes — even if they have to switch their area codes.

Brokerage 153
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MBA: Lenders shouldn’t be held responsible for appraisers’ actions

Housing Wire

The Mortgage Bankers Association (MBA) filed an amicus brief on Friday in response to the Consumer Financial Protection Bureau (CFPB) and the Department of Justice ‘s interest in determining a liability standard that would apply to lenders in cases of alleged bias by third-party appraisers. The mortgage trade group said it was concerned that the CFPB and DOJ would hold lenders liable for the actions of an appraiser, who is neither an employee nor an agent of the lender, a reference to a ca

Loans 397
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How Enriching the Lives of Your Clients Leads to Greater Sales Success

Speaker: Ari Capogeannis, Director - Revenue Marketing at NVIDIA and Bill Pappa, Sales and Marketing Leader at Ai Media Group

Building strong personal and professional relationships with clients is a critical success factor. Sales professionals who focus on relationship building generate more leads and raise their brand awareness. Because this can take time, having regular engagements can help you cultivate these relationships more efficiently. The most effective way to accomplish this is through direct hyper-personalized touchpoints.