Mon.Mar 11, 2024

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Altos: Housing inventory could grow 40% this year

Housing Wire

Last fall when people were still expecting mortgage rates to be falling this year, it was common to assume rates would be in the low 6s or 5s this year and people asked me if lower rates would bring a flood of inventory. The suspicion was that there were a bunch of sellers who were waiting to sell: Once rates fell these sellers would come rushing back to this real estate market and we’d finally see inventory grow.

Mortgages 516
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Finding Your Perfect Home in a Fixer Upper

Keeping Current Matters

If you’re trying to buy a home and are having a hard time finding one you can afford, it may be time to consider a fixer-upper.

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Commentary: What an industry pro learned after helping his parents get a reverse mortgage

Housing Wire

I have been in the mortgage industry for more than two decades and have been working with reverse mortgages for about 12 of those years. Working in this space for so long, I thought I knew the ins and outs of a reverse mortgage, but it wasn’t until I experienced one firsthand that some things really hit home for me. So many people have questions about reverse mortgages: how do they work?

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Marc King departs KW president role amid layoffs

Real Estate News

CEO Mark Willis adds “president” to his title and confirms that about 30 people have been let go from the company.

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The 2025 Real Estate Roadmap to Success

Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

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Salt Lake City team leader Dustin Brohm makes the move to Real

Housing Wire

The fast-growing real estate firm The Real Brokerage just added to its agent count. Salt Lake City-based agent and team leader Dustin Brohm announced Monday that he and his teamerage , the Massive Agent Team , are leaving eXp Realty to join Real. Brohm and his team have been with eXp since 2018. The Massive Agent team has roughly 340 agents in 36 states and three countries, and Brohm said he expects roughly half of the team members to make the move with him to Real over the next few months.

Brokerage 476
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U.S. Housing Secretary Marcia Fudge to step down

Real Estate News

Fudge, a longtime advocate for affordable housing, announced she will leave her HUD post on March 22.

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More Trending

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Coldwell Banker CEO talks entrepreneurship, empowerment, impact

Real Estate News

Kamini Lane, who took the helm less than a year ago, is focused on giving agents — “the most underserved” class of entrepreneurs — “what they need to thrive.

Agents 225
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Lenders, reach more buyers with new credit optimization platform

Housing Wire

In a competitive market where most borrowers are mortgage rate shopping, credit optimization can be the difference between closing a loan or losing out to an offer from a competitor. Here why CreditXpert’s new platform — that combines the best of Wayfinder and the What-if Simulator — can help you reach more buyers and close more loans. HW: CreditXpert has been in the industry since the early 2000s with tools like Wayfinder and What-if Simulator, why introduce a new platform now?

Loans 459
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Marc King steps down as president of Keller Williams

Inman

After three years as president, Marc King has stepped down from his post at Keller Williams Realty. CEO Mark Willis will take over King's responsibilities.

Brokerage 189
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Coldwell Banker Warburg welcomes two real estate veterans

Housing Wire

Broker Kathy Kaye and agent Lorraine Baker joined Coldwell Banker Warburg , a New York City-based real estate brokerage, the company announced last week. Before joining Coldwell Banker , Kaye was affiliated with Compass for about five years, while Baker came from Douglas Elliman , where she worked for the past 18 years. Kaye and Baker each bring $200 million in career sales volume to the firm, according to its press release.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Case-Shiller is a go-to source for prices — but know these blind spots

Inman

Repeat-sales models have been the gold standard in home-price tracking for decades. Intel examines what they miss, and what some data providers are doing to fill in the gaps.

Sales 186
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Opinion: The baby boom wave is cresting

Housing Wire

Peak 65 serves as an historic demographic milestone of the new paradigm shift that is changing every aspect of the housing market , finance, retirement planning process and the fragile supply/demand balance of housing inventory for real estate at large. We are living in a watershed moment in history. The new paradigm brings into question many closely held assertions about who we serve, the type of homes we should be building, and the best way to pay for a home in retirement.

Staging 459
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How agents build trust for stronger, longer client relationships

Inman

Agents who leverage new digital tools and services can bring more expertise to clients, but only after trust has been established.

Agents 183
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Floify’s new platform aims to provide flexible pricing for mortgage lenders

Housing Wire

Digital mortgage automation solution provider Floify launched a mortgage point-of-sale (POS) platform for lenders. Configured to give independent mortgage banks, federally insured banks and credit unions the needed tools at an accessible price point, Floify Lender Edition aims to increase lender profitability through its automated processes and efficiency tools, the company said.

Mortgages 448
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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

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How to break through barriers and next-level your business

Inman

Today’s housing inventory and higher interest rates might have you feeling stalled, as if you’ve reached a plateau in your business. However, there are steps to try to break through the noise of today’s market, stand out as an agent, and win more real estate listings.

Agents 182
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RON platform NotaryCam records strong growth in 2023

Housing Wire

Remote online notarization (RON) platform NotaryCam expanded its independent notary platform customer base by 46% in 2023, according to an announcement on Monday. The company is a wholly owned subsidiary of title firm Stewart. In addition to expanding its notary platform customer base, NotaryCam also grew the number of loss-mitigation-related RON transactions it was part of in 2023 by 115%.

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Rent prices post highest annual increase in over a year: Redfin

Inman

The median asking rent in the United States rose 2.2 percent year over year to $1,981 in February, the largest annual gain since January 2023 and a 0.9 percent increase compared to the month before.

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Marc King out, Mark Willis in at KW

Housing Wire

Keller Williams announced major changes to its C-Suite on Monday. Marc King has stepped down as the president of Keller Williams, effective immediately. Mark Willis who was named CEO of Keller Williams in November, is now also serving as the firm’s president. According to the annoucment, King, who has been with Keller Williams since 2001, will continue as a training and coaching leader for Keller Williams’ Franchise Systems Orientation and will continue his work updating the Team Leader an

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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

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Leaders in luxury: Ginger Martin

Inman

Not many real estate agents can say they’ve made a billion dollars in sales. But Ginger Martin, Real Estate Associate with Sotheby’s International Realty – St. Helena Brokerage, boasts more than $3 billion in sales — and that number just keeps growing.

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4 ways to effectively train your title agency employees

Housing Wire

For title agency owners and professionals, finding the time and resources to train your team can be challenging. However, well-trained employees offer undeniable benefits, such as increased productivity , engagement and job performance. In this article, we’ll examine four effective strategies to help you navigate these challenges and prepare your team for the changing housing market.

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Captivate, connect and convince with compelling presentations

Inman

Applying insights from the "Harvard Business Review" and adapting them to the unique demands of real estate, Nikki Beauchamp writes, you can elevate your presentations from informative to influential.

Branding 176
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Avoid Common Mistakes in Real Estate Listing Descriptions

RIS Media

In the competitive world of real estate, the power of a well-crafted listing description cannot be overstated. It’s the first impression potential buyers have of a property, and a home description plays a crucial role in attracting interest and driving sales. If photography is king, property descriptions are queen in importance. However, creating an effective… The post Avoid Common Mistakes in Real Estate Listing Descriptions appeared first on RISMedia.

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The Broker Action Plan for the Post-NAR Lawsuit Landscape

Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

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7 ways to create top-of-mind name recognition with no budget

Inman

Coach Darryl Davis' advice for spring? Get creative with your ideas, get courageous with your prospecting and be consistent in your approach to building and branding.

Branding 174
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Seeing Greene: Paying Off Rentals, Partnerships Splits, & Using Home Equity

Bigger Pockets

Want to double your real estate portfolio and bring in much more cash flow? What about using some of your untapped home equity to invest?

Equity 130
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Want to avoid AI pitfalls? Think like a compliance officer

Inman

Real estate professionals would be wise to think like regulators and prioritize compliance when evaluating the potential use of AI in their business, compliance expert Summer Goralik writes.

Brokerage 172
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Marcia Fudge Announces Resignation as HUD Secretary

RIS Media

Above, Marcia Fudge HUD Secretary Marcia Fudge announced Monday she is retiring from the top housing post. Her resignation will take effect on Friday, March 22, 2024. Fudge ends her tenure as the 18th secretary of the U.S. Department of Housing and Urban Development, after almost exactly three years (she assumed office on March 10,… The post Marcia Fudge Announces Resignation as HUD Secretary 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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Negotiating short sales is a crucial skill for real estate agents

Inman

With some areas seeing rising prices and low supply, Clever's Luke Babich writes, many would-be homeowners are looking into unconventional routes to homeownership, including short sales.

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Brokers Parse Out ‘Portal Wars’ Alongside Early 2024 Jitters

RIS Media

Leaning into the stiff headwind of 7% mortgage rates and facing the prospect of more turbulence from the macroeconomy, brokers saw their confidence falter last month, though sentiment continues to trend higher during what is traditionally the slowest season for real estate. RISMedia’s latest Broker Confidence Index (BCI) fell to 6.4 from 6.6 last month,… The post Brokers Parse Out ‘Portal Wars’ Alongside Early 2024 Jitters appeared first on RISMedia.

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Brett Miles joins Official as founding agent in NYC

Inman

Miles was most recently affiliated with Compass and brings strong connections in the new development sector to Official. In addition to New York, his team will also begin operating in Miami.

Agents 158
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Job Growth Continues to be Strong Across Most States at the Start of 2024

Eye on Housing

Nonfarm payroll employment increased in 42 states and the District of Columbia in January compared to the previous month, while eight states saw a decrease. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 229,000 in January, following a gain of 290,000 jobs in December. On a month-over-month basis, employment.

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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.