Wed.Jul 03, 2024

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Falling Upwards: The Art of Failing Forward in Real Estate

RIS Media

As real estate agents, you face countless challenges and obstacles in your journey to success. It’s easy to get discouraged when things don’t go as planned, but here’s something every agent should consider, regardless of how long you’ve been an agent: Every failure is actually a stepping stone to greater achievements. This is the essence… The post Falling Upwards: The Art of Failing Forward in Real Estate appeared first on RISMedia.

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Mortgage applications dropped as rates moved higher last week: MBA

Housing Wire

Mortgage applications declined by 2.6% on a seasonally adjusted basis during the week ending June 28, according to data released Wednesday by the Mortgage Bankers Association (MBA). The trade group cited upward movement in mortgage rates as the key reason why. According to HousingWire ’s Mortgage Rates Center , the average rate for 30-year conventional loans was at 7.12% on Wednesday, up from 7.06% a week earlier, while the 15-year conventional rate rose from 6.70% to 6.96% during the same perio

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Agents ‘have to show up’ in post-settlement world

Real Estate News

Hard truths emerged during a talk about real estate’s future: Consumers expect more, and agents will have to “work harder for less money” to prove their value.

Agents 220
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Anthropomorphism and AI: Dialing back the fear knob

Housing Wire

As humans, we love projecting our emotions on non-human things like animals, objects and weather events. I’m told the psychological term for this is anthropomorphism, which is difficult to say three times super fast. We especially seem to label human-like characteristics for things that we can’t fully understand or have no means of explaining – like my first car had a ‘bedtime’ since it would always break down at 2 a.m. in the middle of nowhere.

Lending 394
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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.

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Move sues CoStar, alleges employee ‘spied’ to boost Homes.com

Real Estate News

Realtor.com’s parent company claims an ex-employee logged into its systems “at least 37 times” and “stole confidential business information” to benefit CoStar.

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Christie’s International Real Estate welcomes new Brussels-based affiliate

Housing Wire

Christie’s International Real Estate Belgium is expanding its operation to Brussels, according to an announcement on Tuesday. The firm is already well established in Flanders, but the latest move expands its reach into the French-speaking southern region of the country. It is the brokerage’s 12th office in the country, and it will be led by Jean-Marc Delcroix, who is joining Christie’s International Real Estate after seven years working as a commercial director at Sotheby’s Internati

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Canada’s leading reverse mortgage lender has a new CEO

Housing Wire

Toronto-based HomeEquity Bank (HEB), Canada ’s leading reverse mortgage lender, announced that Katherine Dudtschak has assumed the role of CEO following the retirement of her predecessor, Steven Ranson. Ranson announced his retirement earlier this year, effective June 30. Dudtschak assumed the CEO responsibilities the following day after preparing to take the top spot starting this past May. “With Katherine’s extensive experience across the financial services industry and with develo

Mortgages 351
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Homeowners Gained $28K in Equity over the Past Year

Keeping Current Matters

If you own a home, your net worth has probably gone up a lot over the past year.

Equity 233
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Move sues CoStar over alleged theft of trade secrets

Housing Wire

Move Inc., the parent company of Realtor.com , is suing CoStar Group , the parent company of rival Homes.com , over the alleged theft of portal data and documents. In a complaint filed on Tuesday in U.S. District Court in California, Move alleges that James Kaminsky, a former employee who now works for CoStar, stole trade secrets to help fuel the rapid growth of Homes.com.

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Homebuyer mortgage demand dips, breaking 3-week streak

Inman

Mortgage rates are on the rebound despite encouraging inflation data, as Fed policymakers warn "higher for longer" rate strategy will remain in place until they see more conclusive evidence the economy has cooled.

Mortgages 138
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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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Howard Hanna named in new homebuyer commission suit

Housing Wire

After being voluntarily dismissed from the Batton 2 homebuyer commission lawsuit in early March, things were looking up for Howard Hanna Real Estate Services. But the brokerage firm is once again finding itself under fire after homebuyer plaintiff Scott Davis filed a suit against the firm’s parent company, Hanna Holdings , on May 31. The suit was filed in U.S.

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2024 Inman Innovator Awards finalists unveiled ahead of ICLV

Inman

Awarded since 1998, the Inman Innovator Awards honor the thought leaders making new visions of real estate a reality. Winners will be announced live at Inman Connect Las Vegas, July 30-Aug 1.

MLS 138
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The health of this housing market: Comparing 2024 data to 2011

Housing Wire

Today’s housing market suffers from affordability issues due to mortgage rates in the 7s and high home prices. People are quick to panic over any part of the housing market that looks stressed, fearing we’ll see 2008 levels of destruction all over again. But while home sales are trending at the lowest levels ever when adjusting to the workforce, we have some very positive housing data lines in 2024 compared to the stressed housing markets of past years.

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RE/MAX picks up hundreds of agents in Ontario, Canada

Inman

An independent brokerage and a former Century 21 franchise just switched affiliations to RE/MAX. The moves come during a time of intense competition for talent.

Agents 135
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The 4 Most Impactful Actions to Take in Real Estate in 2024

Strategic real estate professionals know that the name of the game right now is to stay informed, adaptable, and ready to make confident decisions. In this free download, Inside Real Estate CEO, Joe Skousen, shares what he believes are the top 4 most impactful actions in real estate right now. We've been actively engaging with industry experts, analyzing data, and listening intently to the experiences of our agents on the ground.

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NYSE moves to delist FOA warrants from the exchange

Housing Wire

The New York Stock Exchange (NYSE) on Wednesday announced that the warrants of Finance of America , traded under the ticker symbol “FOA.WS,” will be delisted from the exchange. The class A common shares traded under the “FOA” ticker symbol, however, will continue to be traded. “Trading in the warrants will be suspended immediately,” NYSE stated. “Trading in the Company’s Class A common stock — ticker symbol FOA — will continue on the NYSE.

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How to assess — and transform — your business at every stage

Inman

New Inman contributor Russ Laggan shares a systematic approach to growth, so you can achieve success, fulfillment and a lasting legacy in the real estate industry — and beyond.

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Housing affordability reaches lowest point in more than three decades: First American

Housing Wire

Affordability in the housing market is as bad as it’s been in more than three decades — and relief isn’t coming this year. That’s the conclusion of First American ’s Real House Price Index (RHPI) report for May, which shows a 9% year-over-year decline in affordability. The increase in the RHPI was driven by 5.9% growth in nominal home prices and a jump of 0.6% in the 30-year fixed mortgage rate compared to a year ago.

Mortgages 293
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Realtor.com parent sues CoStar Group, claiming theft of portal data

Inman

"Competitors should never be allowed to cheat and steal to get ahead," Move, Inc. attorneys claim in a new suit alleging an ex-Realtor.com employee maintained access to the data while at CoStar.

Brokerage 131
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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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Historic Wealth Transfer

BubbleInfo

San Diego is already an affluent market, and with the extreme weather conditions now affecting the rest of the country year-round, we have to look like a fantastic upgrade to people who just came into some big money. From Leonard Steinberg, the Compass chief evangelist: Over $82 TRILLION will transfer from older to younger generations […] The post Historic Wealth Transfer first appeared on bubbleinfo.com.

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M&A executive jumps from Anywhere to Lamacchia Realty

Inman

Massoud Atallah joins the New England-based brokerage that has its sights set on rapid expansion. "We are 100 percent on offense," Lamacchia told Inman.

Brokerage 139
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9 Surprisingly Hot Markets Where Investors Can Still Find Affordable Short-Term Rental Properties

Bigger Pockets

These under-the-radar markets still have plenty of affordable inventory and could be potential goldmines for short-term rental investors.

Investor 114
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Keller Williams adds 4 new executives to its ranks

Inman

Keller Williams has appointed four new executives for its commercial, coaching and philanthropy divisions. KW President and CEO Mark Willis said the new hires are committed to bolstering "shared success and growth.

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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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BAM Mania: Flash Sale!

BAM Media

If you’ve been on the fence about BAM Mania , this is your sign. We’re doing a flash sale to give you 20% off of early bird pricing. With early bird pricing ending soon, now is your time to secure the lowest price possible! Use the discount code USA at checkout to secure your 20% discount. And act now —the sale ends at 11:59 pm ET on July 4th, 2024.

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Cool down debt, heat up investing with these tools of the trade

Inman

Trainer and author Bernice Ross talks with Tanisha Souza, CEO and president of Tardus, about financial freedom and how to get off the commission roller coaster ride.

Agents 120
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Longtime Bay Ridge Restaurant South Brooklyn Foundry Folds

Brownstoner

By Adam Daly, Brooklyn Paper South Brooklyn Foundry, a beloved Bay Ridge restaurant, has closed its doors for good after almost nine years in business. The closure comes after the eatery, located on 3rd Avenue near Bay Ridge Avenue, was featured on an episode of Gordon Ramsay’s “Kitchen Nightmares” when it returned… Read More > The post Longtime Bay Ridge Restaurant South Brooklyn Foundry Folds appeared first on Brownstoner.

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Discover strategies and tools to grow your business at ICLV

Inman

The Inman Connect Las Vegas agenda is stacked with business-building strategy sessions, interactive roundtables, and networking activities all designed to help you turn the changes coming your way into opportunities. Here's a glimpse at a few of the highlights.

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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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Home Prices Continue to Grow, but the Rate Is Cooling

RIS Media

Home prices continue to grow across the U.S., although the monthly growth has slowed down, according to CoreLogic’s Home Price Index for May 2024. CoreLogic data found that home price gains came in at 4.9% year-over-year in May, the 148th consecutive month of annual growth, but lesser than previous months. On a month-over-month basis, home… The post Home Prices Continue to Grow, but the Rate Is Cooling appeared first on RISMedia.

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It’s now a buyer’s market in Manhattan, new report suggests

Inman

Rising inventory and shifting seller expectations have given homebuyers the upper hand in Manhattan, according to Douglas Elliman's latest quarterly report.

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Study: Detroit Takes the Lead as Most Overvalued Market Nationwide

RIS Media

For a year straight, Atlanta sat atop the list of the most overvalued housing markets, according to researchers at Florida Atlantic University (FAU) and Florida International University (FIU). Now, Detroit steals that spot, but by just a smidge. May data analyzed by researchers at the two universities shows that homes in the Detroit metropolitan area… The post Study: Detroit Takes the Lead as Most Overvalued Market Nationwide appeared first on RISMedia.

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EasyKnock juggling lawsuits, regulators in multiple states

Inman

Sale-leaseback platform tells NPR civil lawsuits in Texas and other states are "meritless" and that it's cooperating with attorneys general in Massachusetts and Michigan.

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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.