Keeping Current Matters
JULY 10, 2023
When it comes to selling your house, you want three things: to sell it for the most money you can, to do it in a certain amount of time, and to do all of that with the fewest hassles.
Housing Wire
JULY 9, 2023
The slow zombie crawl of housing inventory went lower last week as inventory was negative week to week. In addition, mortgage rates rose to a yearly high as labor data stayed firm and purchase apps had their first negative week after three straight weeks of positive growth. Weekly Active listings fell by 866 homes Mortgage rates rose to a year-to-date high of 7.22% Purchase apps were down 5% week to week Weekly housing inventory We had a hat trick in housing last week: weekly active listings wer
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Sotheby's International Real Estate
JULY 6, 2023
Jenny Landey and Zacheriah Dayton – Sotheby’s International Realty – East Hampton Brokerage Sometimes the most meaningful luxury lifestyles are only discovered through experiment and experience. This is why many prospective luxury homebuyers opt to rent in different enticing locations before committing to a property purchase. Not only does this allow them to judge whether a particular area has all the practical and recreational amenities they desire, it also lets them discover
Inman
JULY 7, 2023
In the face of new harassment allegations at the highest levels of leadership, where is the outrage? asks speaker and writer Valerie Garcia. Is this who we are as Realtors?
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.
HomeLight
JULY 11, 2023
Whether the cause is unpaid taxes, unpaid alimony, or unpaid contractor bills, selling a house with a lien against it adds one more wrinkle to the already complex task of a home sale. But don’t fret. “Nine times out of 10 the lien can be paid off through the sale,” says Richie Helali, Mortgage Sales Lead at HomeLight Home Loans. “This way the seller doesn’t need to come up with [the debt] out-of-pocket earlier.
Real Estate News
JULY 6, 2023
The Baird & Warner CEO shares how his family business has thrived in a cyclical, sometimes “regressive” industry, and discusses the future of buyer agency.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
JULY 6, 2023
The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. The perplexing part: Why are home prices not declining in this environment? It boils down to two factors, according to housing-industry experts: a lack of housing inventory , or supply; and high demand for that limited housing stock — which also is fueling a jump in new-home sales.
Sotheby's International Real Estate
JULY 7, 2023
Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Sonoma, California | Sotheby’s International Realty – Sonoma Brokerage The renovated residence overlooks Mt. Diablo, the San Pablo Bay and the San Francisco skyline. Decorist Founder Selling California Wine Country Home for $12.5 Million – Mansion Global In Beverly Hills, Even the Cheapest Homes Cost Millions – The Wall Street Journal Asheville Was Already Cool—Now It’s Luxe – Barron’
Inman
JULY 6, 2023
Janelle Brevard initially sued the National Association of Realtors, claiming her firing was a form of harassment and retaliation. The case ended Thursday, though many questions still remain.
HomeLight
JULY 19, 2023
Planning how to sell a house full of stuff, whether it’s inherited or your own, is a tough task often complicated by emotions. With the death of a loved one , making funeral arrangements, dealing with grief, and managing an estate are hard enough and harder still when you have to sell a house filled with memories and belongings. If the home is yours, and you’ve decided to downsize to a smaller house, letting go of personal items you’ve collected through the years — and grown attached to but will
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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.
Real Estate News
JULY 5, 2023
Younger generations are especially motivated by walkability, even if it means paying more, giving up yard space or living in a multifamily dwelling.
Keeping Current Matters
JULY 4, 2023
Everyone’s interpretation of the American Dream is unique and personal.
Housing Wire
JULY 2, 2023
Housing inventory finally broke under 2022 levels last week. To give you an idea how different this year is from last year, last week in 2022, active listings grew 30,940 while this year they only grew 5,848. Mortgage rates rose last week after the better-than-anticipated jobless claims data but even with higher rates, we also had a third week of positive purchase application data.
Eye on Housing
JULY 5, 2023
Consumer confidence in June rose to its highest level in 17 months as recession concerns eased. However, spending plans were mixed. Vacation intentions continued to improve, while the intention to buy homes and big-ticket appliances cooled further due to elevated mortgage rates. This shift in consumer preference from goods to services is likely to continue this year.
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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.
Inman
JULY 6, 2023
Existing-home sales are expected to tumble to a 12-year low by the end of 2023, but they won't stay that way for long, Realtor.com Chief Economist Danielle Hale predicted on Wednesday.
Bigger Pockets
JULY 2, 2023
Artificial intelligence (AI) like ChatGPT might not be great at writing podcast intros, but when it comes to building a rental property or real estate portfolio, these platforms produce far […]
Real Estate News
JULY 2, 2023
Facing a contraction of his brokerage business, J. Philip Faranda made a previously "unthinkable" decision. Now he wishes he had done it sooner.
RIS Media
JULY 5, 2023
The large millennial population is in prime first-time home-buying age, driving demand and competing for the ongoing scarcity of homes for sale. While there are some divergences in how millennials approach home buying and selling, it’s still an open question about how radically this generation will change the housing market. Millennials are different from prior… The post How Millennials Are Changing the Home-Buying Process (And How They Aren’t) appeared first on RISMedia.
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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.
Housing Wire
JULY 7, 2023
The 10-year yield and mortgage rates have been rising close to the 2023 high as some labor data shows that the honey badger labor market is still growing. To make things even more complicated, the spreads between the 30-year mortgage rate and the 10-year yield keep getting wider. The question is: will the labor data push mortgage rates to 8%? In my 2023 forecast , I wrote that if the economy stays firm, the 10-year yield range should be between 3.21% and 4.25% , equating to mortgage rates betwee
Eye on Housing
JULY 10, 2023
Data obtained from the US Census Bureau’s Survey of Construction (SOC) and tabulated by NAHB, show that the rising trend of two or more stories homes continued in 2022. Although the overall share remained virtually unchanged, the share of two or more stories homes started construction was greater than one story homes in 2022. Nationwide, the share of new homes.
Inman
JULY 7, 2023
Consumer confidence in the housing market "appears to have plateaued at a relatively low level," said Fannie Mae Chief Economist Doug Duncan in a new homeowner survey released on Friday.
Bigger Pockets
JULY 2, 2023
Have you ever wondered whether or not real estate is a good investment? Explore why real estate is a great investment and how it can help you achieve your financial goals.
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.
Real Estate News
JULY 7, 2023
Yes, there's a new social media app in town. It might be a fad — or the next big thing — but getting on board now could reap dividends for your business.
NAR: Economic Outlook
JULY 5, 2023
Pending Home Sales Weakened in May May's pending home sales pace declined 2.7% from last month and fell 22.2% from a year ago.
Housing Wire
JULY 5, 2023
There was a viral tweet going around from YouTube housing influencer Nick Gerli. You’ve probably seen it. Gerli cites data from a company called AllTheRooms to make the case that the Airbnb /short-term rental market is “crashing” and it will have a big impact on inventory. Indeed, the chart he shared is alarming. A nearly 50% drop in revenue in some markets!
Eye on Housing
JULY 3, 2023
NAHB analysis of Census Construction Spending data shows that private residential construction spending rose 2.2% in May, as spending on single-family homes increased 1.7%. However, total private residential construction spending is still 11.6% lower compared to a year ago. The total construction monthly increase is largely attributed to more spending on single-family construction, It is consistent with the solid gains.
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.
Inman
JULY 3, 2023
The North Carolina centenarian, who bought her first home in the 1940s, is settling in at the "lovely house" where she'll live with her son, news station WSOC-TV reported.
Bigger Pockets
JULY 7, 2023
100% financing for ALL of your real estate deals? Without thousands of dollars saved up, many people assume there’s no way for them to invest in real estate.
Real Estate News
JULY 29, 2023
Amid a new wave of reports of the dangers of working as a real estate agent, Jay Thompson says the industry must take steps to improve safety for all agents.
HomeLight
JULY 6, 2023
With nearly 96% of home buyers using the Internet to search for a new home — and 60% of their search conducted using a mobile phone — your home’s future owner might be just a few keystrokes or taps away. That’s why it’s important for your real estate agent to keep your property’s status up to date, both in the multiple listing service (MLS) that agents cooperatively use, as well as in online marketplaces, which pull data from the MLS.
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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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