HomeLight
APRIL 5, 2023
Accepted real estate wisdom says that houses in good condition bring in a higher price than houses in not-so-great condition. While that is generally true, it’s possible to “over-improve” a home to the point of losing money if the return doesn’t match the investment. Luke Rentz is a top agent on the Rentz Team in Tulsa, Oklahoma, which sells homes 72% quicker than average agents in the market.
Keeping Current Matters
APRIL 5, 2023
There have been a lot of shifts in the housing market recently.
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Housing Wire
APRIL 3, 2023
Last week was relatively calm for the housing market after the fiasco of the banking crisis. Housing demand grew and inventory levels fell again while mortgage rates rose. Here’s a quick rundown of the last week: The 10-year yield battle continues as bond yields rose early in the week only to close below 3.50% on Friday. Mortgage rates rose to 6.57%.
Eye on Housing
APRIL 5, 2023
As described in a previous post, NAHB’s recently released its 2023 Priced-Out Estimates, show that 96.5 million households are not able to afford a median priced new home, and that an additional 140,436 households would be priced out if the price goes up by $1,000. This post focuses on the related U.S. housing affordability pyramid, showing how many households have.
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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.
Inman
APRIL 5, 2023
The mortgage lender says it remains committed to distributing equity-based bonuses to all eligible employees, including $50M from CEO and founder Vishal Garg's personal equity.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Lab Coat Agents
APRIL 3, 2023
The spring season is one of the busiest times for real estate agents. Homes are more likely to sell during this time of year due to the changing weather and the end of the school year. Take advantage of this peak season by focusing on engaging with potential clients. Even if you’ve been in the business for decades, there are always new ways to build your client base and improve your business strategies.
Propmodo
APRIL 5, 2023
Deep in Central Florida’s white-hot real estate market, Shawn Pupello, known as “The Tenacious Mrs. P,” is starting a new brokerage. Pupello, along with her husband Anthony, ventured into the world of real estate in 2016. The couple quickly found that they had a knack for matching people with properties, with Mrs. Pupello going so far as to earn her local association’s “Rookie of the Year” award in 2017.
Real Estate News
APRIL 5, 2023
REdistribute, led by powerhouses Bright MLS and CRMLS, has launched with the goal of monetizing MLS data and sharing revenue back to participants.
The Close
APRIL 5, 2023
Are you planning to start your own team or brokerage, or maybe fine-tune your own business as a single agent? There’s a crucial first step that many real estate agents overlook: establishing your mission statement. Why, you ask, is that so important when there are so many other things to do and decisions to make? Well, a good mission statement is actually made up of three elements that contribute directly to your success as a real estate agent: Your mission should direct each and every decision
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.
Housing Wire
APRIL 7, 2023
Given Friday’s job report , those who have been concerned with entrenched 1970s inflation — which would lead to double-digit mortgage rates — can put their disco shoes back in the closet. I have tried to explain that the 1970s inflation isn’t a reality , and Friday’s report should ease the fear that wage growth is spiraling out of control.
Keeping Current Matters
APRIL 4, 2023
Wondering if you should sell your house this year?
Real Estate News
APRIL 7, 2023
There’s money out there for people who need help getting into their first home — especially if they’re part of an underserved community.
Inman
APRIL 7, 2023
Enes Yilmazer is a content creator and real estate influencer who rose to fame through his real estate channel on YouTube. After posting his first real estate video in 2019, he quickly realized the platform's potential and prioritized it.
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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.
Housing Wire
APRIL 7, 2023
Shrinking wholesale lender Homepoint is closing its mortgage origination business and will sell its origination-focused assets to competitor The Loan Store , the company announced on Friday. Michigan-based Homepoint is “winding down” its tenure as a direct participant in the mortgage origination business and becoming an investor in the market, as the company will hold an equity interest in The Loan Store.
Keeping Current Matters
APRIL 3, 2023
The 30-year fixed mortgage rate has been bouncing between 6% and 7% this year.
Real Estate News
APRIL 1, 2023
With billions of dollars at stake, a judge’s ruling this week poses challenges to the residential real estate commission system.
Inman
APRIL 7, 2023
The start of spring usually marks more brokerage transactions and ramped-up construction schedules. But payroll growth was weaker in March, according to Bureau of Labor Statistics data.
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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
APRIL 6, 2023
Mortgage rates fell again this week, but the primary cause was not the banking crisis fiasco. It was the expectation that the U.S. economy is slowing down. According to Freddie Mac ’s Primary Mortgage Market Survey, the 30-year fixed-rate mortgage declined to 6.28% as of April 4, down from 6.32% the previous week. The survey focuses on conventional and conforming loans for borrowers who put 20% down and have excellent credit.
Keeping Current Matters
APRIL 7, 2023
Buying a home is a major way to build wealth and gain financial stability. That’s why, across different income levels, the largest part of most homeowners’ net worth is their equity.
Real Estate News
APRIL 7, 2023
New England's NEREN, with coverage in seven states, is now PrimeMLS.
Inman
APRIL 5, 2023
From 2019 to 2023, the number of agents who left a brokerage due to a weak culture doubled to 30 percent, according to a recent Coldwell Banker survey.
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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.
Housing Wire
APRIL 5, 2023
Mortgage rates declined last week as headlines on the bank crisis slowed, which could have spurred borrowers’ demand for home loans. But that did not happen, as the affordability issues that remain on the horizon challenged mainly first-time homebuyers. Overall, mortgage applications declined 4.1% last week on a seasonally adjusted basis, down from one week earlier, according to the Mortgage Bankers Association (MBA).
Keeping Current Matters
APRIL 6, 2023
We’re still in a sellers’ market.
Real Estate News
APRIL 5, 2023
Zillow's latest analysis of listing descriptions found that certain keywords were correlated with higher sale prices and faster sales.
Inman
APRIL 5, 2023
The 91-year-old hot dog stand — once thought to be doomed — will instead move across the street after its building was purchased by a developer Extell Development and founder Gary Barnett.
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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