Sat.Jun 24, 2023 - Fri.Jun 30, 2023

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New home sales defy recession calls

Housing Wire

New home sales are up 20% year over year, and existing home sales are down 20% year over year; this is something we don’t see very often. One group has the advantage here while the other doesn’t: The new home sales market is minuscule versus the existing one, and the builders sell their homes like a commodity. Last year a theme of mine was that new home sales are historically low, and the builders know how to move products when needed.

Sales 516
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4 Best (and Worst) Projects for a Home’s Resale Value

RIS Media

For REALTORS®, selling a house should be the start of a relationship with a client, not the end. As you keep in touch with buyers, providing expertise will enhance your standing. Owners want to improve their properties with any number of projects. But what’s appealing to some can be appalling to others. They should understand… The post 4 Best (and Worst) Projects for a Home’s Resale Value appeared first on RISMedia.

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Single-Family Building Focused around Baby Boomers: Multifamily is Millennial Focused

Eye on Housing

NAHB analysis of county level permit data and demographic data indicates that single-family home building in the first quarter of 2023 is occurring mostly in counties where baby boomers make up a majority of the population. The Census Bureau provides county level population age estimates in 5 years intervals. For example: 0-4, 5-9, 10-14 through 85+.

Marketing 131
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Affordable Beach Towns

BubbleInfo

From realtor.com: To find the most affordable beach towns for homebuyers in 2023, we started by using a federal listing of beaches and their locations. We aggregated Realtor.com listing data for every home put on the market in the past year located within a one-mile radius of each beach.

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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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4 Comeback Housing Markets That Could Rebound in 2023

Bigger Pockets

Looking for housing markets with population growth, new jobs, rising home prices, and unlimited profit potential? If so, you’re in luck!

Marketing 121
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What is the MLS When Selling or Buying a House?

HomeLight

Chances are, if you’re buying or selling a house, you’ve heard of the MLS, or multiple listing service. You may already know listing on the MLS gives you an advantage when it comes time to broadcast your home sale to the world. But you’re probably still left wondering, “What is the MLS, and how does it work?” We connected with top-selling real estate agents and MLS experts to track down the answers.

MLS 102

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Well Inspection: What to Know Before Buying a House

Maximum Exposure Real Estate

Things To Consider When Buying A Home With A Well Well inspections are critical when buying a home with a well as the primary water source. Buyers considering homes in rural settings often encounter houses for sale that get their water from wells. With homes drawing on municipal sources, there is an assumption that the […] The post Well Inspection: What to Know Before Buying a House appeared first on Maximum Real Estate Exposure.

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Zillow shuts down Closing Services

Housing Wire

Zillow Group ’s attempt to streamline the home buying experience by offering all facets of the transaction process on one platform has hit a road bump. The real estate listing giant announced on Monday that it is sunsetting its title and escrow provider, Zillow Closing Services. “Integrating the real estate transaction to make buying and selling simpler for customers remains our core strategy and we believe offering title and escrow is a critical component,” a Zillow spokesperson wrote in an ema

Closing 459
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Why Homeownership Wins in the Long Run

Keeping Current Matters

Today’s higher mortgage rates, inflationary pressures, and concerns about a potential recession have some people questioning: should I still buy a home this year?

Mortgages 261
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It’s a good time to be selling (and buying) new homes

Real Estate News

New home sales are up 20% year-over-year, according to the U.S. Census Bureau, and lower median prices could help first-time buyers.

Sales 322
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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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NAR pushes back on harassment claim amid growing agent backlash

Inman

The National Association of Realtors tapped an independent law firm to investigate sexual and racial harassment allegations, ultimately choosing to "reject" claims made by a former employee.

Agents 166
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Crowdfunding platform Peer Street files for bankruptcy

Housing Wire

California-based real estate investing platform Peer Street, Inc. and 14 affiliated debtors filed for protection under Chapter 11 of the U.S. Bankruptcy Code in a court in Delaware on Monday, citing a challenging mortgage market and struggles to raise capital with venture capital funds. “Through its bankruptcy filing, PeerStreet will seek to sell substantially all of its assets, including, but not limited to, its mortgage loan assets and technology platform, in a series of transacti

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Lending Standards Are Not Like They Were Leading Up to the Crash

Keeping Current Matters

You might be worried we’re heading for a housing crash, but there are many reasons why this housing market isn’t like the one we saw in 2008.

Lending 224
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'Mounting pressure' on industry as MLS agrees to settle commission suit

Real Estate News

MLS PIN has agreed to pay $3 million and stop requiring sellers to offer buyer-broker compensation, a practice at the core of two other major lawsuits.

MLS 293
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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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New listings plummet 27%, marking biggest annual fall since pandemic

Inman

The number of new listings coming onto the market has plunged since June 2022, according to data released Thursday by Redfin. Transaction levels remain low even as home prices creep higher.

Marketing 165
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Housing Market Tracker: Inventory gets summer lift

Housing Wire

Summer is here, and housing inventory is finally growing! The spring housing inventory was like a zombie rising from the grave, very slow, but the summer is showing some promise and let’s hope it continues. Purchase apps had a small week-to-week gain. Mortgage rates were again in a small range, hanging near 7%. Here’s a quick rundown of the last week: Active inventory grew 8,886 weekly.

Marketing 435
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Where Will You Go If You Sell? Newly Built Homes Might Be the Answer.

Keeping Current Matters

Do you want to sell your house, but hesitate because you’re worried you won’t be able to find your next home in today’s market?

Marketing 227
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NAR and its president accused of racial, sexual discrimination

Real Estate News

A former employee has filed a lawsuit alleging she was unfairly fired after ending a relationship with National Association of Realtors President Kenny Parcell.

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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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This powerhouse empowers women while building community

Inman

Stacey Soleil, head of community and industry relations at Follow Up Boss, is a force to be reckoned with in the real estate industry, cultivating a community-first approach, fostering an environment of inclusion, equity and diversity.

Equity 158
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loanDepot sues Movement for poaching LOs

Housing Wire

loanDepot is accusing its competitor Movement Mortgage of damaging its business by hiring over 25 employees in three months and “effectively crippling” “now-depleted” branches. The poaching lawsuit, filed on June 22 at a federal district court in Delaware, states that South Carolina-based Movement recruited and hired its employees in late 2021 and early 2022 to take trade secrets and confidential information.

Loans 439
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Key Reasons To Use a Real Estate Agent When You Sell [INFOGRAPHIC]

Keeping Current Matters

An agent is a really important part of selling your home because they bring a lot of skill and expertise to the sales process.

Agents 240
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eXp CEO reveals Homes.com talks and new twist on recruiting

Real Estate News

Glenn Sanford’s “State of the Union” hints at strategic partnerships, an exclusive lead-gen strategy and investments in attracting teams.

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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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New home sales jumped 20% in May, a 12.2% jump from April

Inman

In these times, double down — on your skills, on your knowledge, on you. Join us Aug. 8-10 at Inman Connect Las Vegas to lean into the shift and learn from the best. Get your ticket now for the best price.

Sales 156
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Angel Oak Mortgage REIT issues $285M non-QM securitization

Housing Wire

Angel Oak Mortgage REIT has issued a $284.5 million non-QM securitization, which the company said marks an “inflection point” in its business. The company said it intends to use the capital to purchase more newly originated, high-coupon loans while continuing to manage liquidity. The securitization will also reduce Angel Oak’s whole loan warehouse debt by 45.6% from the first quarter of 2023, bringing the total reduction in the REIT’s whole loan warehouse debt since the end of Q3 202

Mortgages 416
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The True Cost of Selling Your House on Your Own

Keeping Current Matters

Selling your house is no simple task.

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Hanna CEO chooses 'disruptive' path to retain listing control

Real Estate News

Hoby Hanna recently made waves by pulling listings from IDX — a move that effectively keeps Howard Hanna Real Estate listings off of competitors’ websites.

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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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Zillow rolls out AI-powered ‘super listing’ tool

Inman

Listing Showcase is part of Zillow's new ShowingTime+ brand and is currently available to a select group of agents that partner with the portal giant, according to the company.

Branding 148
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Fannie Mae warns Northern CA mortgage lenders of child support income scheme

Housing Wire

Fannie Mae has issued a mortgage fraud alert for lenders in northern California, warning of heightened instances of misrepresented child support income in “numerous loans” that have been originated in the region over the past few months. The GSE highlighted four hallmarks of such a scheme. These include, “commonality of real estate agents involved in selling the subject properties; bank statements and canceled checks [which] are created to support falsified child support income; borrowers hav[in

Mortgages 429
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What Are the Advantages and Disadvantages of Low HOA Fees?

RIS Media

When you move into a house in a homeowners association (HOA) neighborhood, you might want the fees they charge to be as low as possible. Buying a home is a significant expense, and you might want to reduce costs where you can. But are low HOA fees a good idea? You might assume smaller bills… The post What Are the Advantages and Disadvantages of Low HOA Fees?

As-is 145
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Winning business without the sales pitch

Real Estate News

Some agents aren't natural salespeople, but tapping into your interests and a desire to make authentic connections can be a highly effective way to gain leads.

Sales 256
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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.