Sat.Aug 05, 2023 - Fri.Aug 11, 2023

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6 Ways to Automate Your Real Estate Marketing and Save Time

RIS Media

Marketing your real estate business can take a lot of time—especially tasks that might seem repetitive or menial. Thanks to technology, it just got a whole lot easier. You don’t have to repeat basic marketing tasks daily anymore but can leverage your time by automating your real estate business marketing. This will free you up… The post 6 Ways to Automate Your Real Estate Marketing and Save Time appeared first on RISMedia.

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About 11,000 Houses Will Sell Today

Keeping Current Matters

Some homeowners have been waiting for months to put their house on the market because they don’t think people are buying homes right now.

Marketing 233
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Redfin flirts with exclusive listings amid Clear Cooperation takedown

Inman

Redfin Senior Director of Brokerage Operations Joe Rath and NextHome CEO James Dwiggins said during an Inman Connect panel that pocket listings have proliferated since Clear Cooperation.

Brokerage 144
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1st Look at Local Housing Markets in July

Calculated Risk Real Estate

This is the first look at several early reporting local markets in July. I’m tracking about 40 local housing markets in the US. Some of the 40 markets are states, and some are metropolitan areas. I’ll update these tables throughout the month as additional data is released. Closed sales in July were mostly for contracts signed in May and June.

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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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Housing Costs Persist as Key Driver of Inflation

Eye on Housing

Consumer prices showed a slight uptick in July, with core inflation remained sticky, ending a streak of 12 consecutive months of steady declines. Despite a slowdown compared to the previous month, the shelter index (housing inflation) continued to be the largest contributor to both headline and core inflation, accounting for over 90% of the increase in headline inflation.

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Atlanta Fed: Home Ownership Affordability Monitor

Calculated Risk Real Estate

For house prices, there is an ongoing battle between low inventory and affordability. Here is another measure of affordability that readers might find useful from the Atlanta Fed: Home Ownership Affordability Monitor To help business economists and analysts track the relative changes in home ownership affordability at a higher frequency and more granular level of geography, the Atlanta Fed developed an interactive home affordability tool, the HOAM (Home Ownership Affordability Monitor) Index, wh

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UWM is profitable in Q2 as origination volume jumps to $32B

Housing Wire

UWM Holdings Corporation , the parent of United Wholesale Mortgage (UWM), was another mortgage lender that returned to profitability in the second quarter of 2023, just like its primary competitor Rocket Companies and the origination segments of Mr. Cooper and Pennymac. UWM’s performance was boosted by an increase in the fair value of mortgage servicing rights ( MSRs ) and higher origination volumes, despite lower margins from April to June, per documents filed with the Securities

As-is 370
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House Proud: A Singular Bungalow in Prospect Park South

Brownstoner

Looking back, Gloria Fischer had no idea what she was getting into buying the house in Prospect Park South. The singular bungalow, Fischer’s first home in Brooklyn, came into her life through a wrong turn taken by her husband in 1972. “A lot of people make a wrong turn and find… Read More > The post House Proud: A Singular Bungalow in Prospect Park South appeared first on Brownstoner.

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Agents scramble as cyberattack freezes MLSs nationwide

Real Estate News

MLS system provider Rapattoni has been down since midweek, leaving tens of thousands of agents unable to add listings and update information.

Agents 246
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Home Prices Are Back on the Rise [INFOGRAPHIC]

Keeping Current Matters

Looking at monthly home price data from six expert sources shows the worst home price declines are behind us, and they’re rising again nationally.

Marketing 222
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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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Mortgage delinquency rate falls to lowest level since 1979

Housing Wire

The Mortgage Bankers Association (MBA) reported that the mortgage delinquency rate fell to its lowest level since it began tracking this metric 43 years ago, supporting claims the economy is on the cusp of a turnaround. “Buoyed by a resilient job market, homeowners are continuing to make their mortgage payments,” Marina Walsh, the MBA’s vice president of industry analysis, said in a statement.

FHA loan 370
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Rapattoni hit with ransomware attack, paralyzing MLSs and agents

Inman

Federal investigators are working with MLS software company, and its insurance carriers are negotiating with hackers, who have prevented new data from being input after the Aug. 9 attack.

MLS 148
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RE/MAX CEO to agents: Don't expect to 'get rich off somebody else's back'

Real Estate News

At a conference this week, Nick Bailey said the company’s value lies in its strong brand identity and agent experience — not downlines or profit sharing.

Agents 229
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Four Ways You Can Use Your Home Equity

Keeping Current Matters

If you’re a homeowner, odds are your equity has grown significantly over the last few years.

Equity 236
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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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Mortgage rates rise again, but look poised to drop in the fall

Housing Wire

The 30-year fixed mortgage rate continued its upward trajectory for the third consecutive week, rising to 6.96%, according to Freddie Mac. Since the last FOMC meeting in July, all eyes have been fixed on Thursday’s Consumer Price Index release. Another rate hike in September would move the target federal funds rate to its highest level since March 2001.

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Agents and loan officers need to end the animosity, panel says

Inman

"There needs to be a little more respect" between real estate agents and loan officers, panelists Padi Goodspeed, Kathy Helbig-Strick and Katie Sweeney discussed at Inman Connect Las Vegas.

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Want to get top dollar for your seller? Stick with the MLS

Real Estate News

Two regional studies of home sales found that properties listed on the MLS sold for significantly more than homes sold off-MLS.

MLS 243
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There's Only Half the Inventory of a Normal Housing Market Today

Keeping Current Matters

Wondering if it still makes sense to sell your house right now?

Marketing 243
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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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Wells Fargo’s new down payment grant program offers $10K to eligible buyers

Housing Wire

Wells Fargo rolled out a down payment grant program that will offer $10,000 to eligible buyers or homeowners who currently live in or are purchasing homes in underserved communities in eight metropolitan areas. The Homebuyer Access grant program is available to those who have a combined 120% or less of the area median income (AMI). The grant funds can only be used toward the down payment on a Wells Fargo fixed-rate conventional loan secured by a property that will be the purchaser’s primar

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Glennda Baker is recognized by her stars anywhere. That’s the point

Inman

Brokerages need agents and their personal brands, more than agents need the backing of brokerage brands Baker argued at Inman Connect on Thursday. "My name is Glennda Baker, and I am a brand.

Branding 148
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Kofi Nartey to drive growth at Real, 'share what I have learned'

Real Estate News

The billion-dollar sports and entertainment broker has moved his Globl RED team to The Real Brokerage where he will serve as national growth leader.

Brokerage 217
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The Value of an Agent When Buying Your New Construction Home

Keeping Current Matters

Buying a new construction home can be an exciting experience.

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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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Mortgage payoff fraud rises 532% quarter-over-quarter: CertifID

Housing Wire

With home sale transactions down, fraudsters are turning to mortgage payoff fraud to secure bigger payouts. Mortgage payoff fraud occurs when a title company mistakenly sends a mortgage payoff to a fraudulent bank account after receiving wiring instructions that appear to be from the mortgage servicer. The instructions, however, are actually from fraudsters.

Mortgages 370
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3 sustainable design features that will define the future of luxury real estate

Inman

Luxury real estate has always been an “early adopter” of innovative design technologies, and its evolution has ramifications for the entire real estate industry. That’s why it’s so fascinating to watch the development of sustainable design.

Design 148
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Mortgage rates return to peak levels, inflation ticks up

Real Estate News

Average rates reached 6.96% again after rising three weeks in a row, and after falling last month, inflation crept back up.

Mortgages 221
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What Are Mill Rates: Understanding Property Taxes

Maximum Exposure Real Estate

The mill rate is an important factor in understanding property taxes in the US. It represents the taxes paid per dollar of a property’s assessed value. Property taxes are calculated by multiplying the assessed value by the mill rate and dividing the result by 1,000. Mill rates vary depending on the local jurisdiction and are […] The post What Are Mill Rates: Understanding Property Taxes appeared first on Maximum Real Estate Exposure.

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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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Housing inventory stalls: Less than 3K homes added

Housing Wire

The housing inventory data from last week makes me wonder if we are starting the seasonal decline in active listings in August. Mortgage rates also had a crazy week and purchase apps fell once again. Weekly active listings rose by only 2,939 Mortgage rates went from 7.04% to 7.20% and back to 7.03% Purchase apps were down 3% from week to week Weekly housing inventory Traditionally, we would see a seasonal decline of active listings for single-family homes going into the fall, but seeing less tha

Mortgages 370
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Real estate is having its Blockbuster vs. Netflix moment

Inman

At Inman Connect Las Vegas, real estate strategist Mike DelPrete explained the "unfair advantage" of the low-fee business models and how agents are the ultimate solution to the real estate industry's survival.

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Record-high home prices are back in many metros

Real Estate News

A new Black Knight report reveals major gains in the Midwest and Northeast, signals an end to the U.S. housing correction.

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The Advantages and Disadvantages of Condos

Maximum Exposure Real Estate

Are you wondering about the condo pros and cons? Living in a condo comes with its own set of advantages and disadvantages. Condos offer affordability, shared maintenance costs, and potential investment opportunities. On the other hand, homeowners association fees, lack of privacy, and restrictions set by the HOA can pose challenges. Understanding these pros and […] The post The Advantages and Disadvantages of Condos appeared first on Maximum Real Estate Exposure.

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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.