Inman
JULY 24, 2023
Compass Head of Coaching Courtney Smith said the brokerage's new data-powered Performance Tracker tool will enable agents and team leaders to track gross commission income, sales volume and other data.
RIS Media
JULY 26, 2023
An unsurprising 25-basis-point rate hike announced by the Federal Reserve today–something that real estate economists urged against–is placing the housing market in an advanced state of limbo, with mixed data signals leaving both policymakers and pundits divided on the probable path of the economy. After a “pause” on rate increases in June–the first time the… The post Fed Provides Little Clarity After Raising Rates to 22-Year High appeared first on RISMedia.
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Tom Ferry
JULY 27, 2023
There’s a subtle science of how to contact expired listings. Obviously, this is a blog about how to contact expired listings, but before we dive into that, I want to talk about WHY you should be contacting expired listings. Yes, with demand so high and inventory so low, there are fewer listings expiring than there […] The post How to Contact Expired Listings | A Checklist appeared first on Tom Ferry.
Keeping Current Matters
JULY 27, 2023
Even though the housing market is no longer experiencing the frenzy that was so characteristic of the last couple of years, it doesn’t mean today’s market is at a standstill.
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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.
Housing Wire
JULY 27, 2023
The Federal Reserve , Federal Depository Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) released on Thursday the proposed changes for the Basel III rule (called the Basel endgame), which significantly increases capital requirements for banks. If implemented, the changes will affect the mortgage industry–and trade groups are already coming out in opposition to the new regulation.
Inman
JULY 27, 2023
Former Keller Williams CEO Chris Heller previously served as OJO's chief real estate officer. Jerimiah Taylor, formerly a vice president at OJO, will step into Heller's previous role, the company said.
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Bigger Pockets
JULY 26, 2023
Don't leave your business' success up to Airbnb's algorithm. Take matters into your own hands by doing this and watch your bookings grow!
The Close
JULY 24, 2023
Whether you think it’s great, less-than-ideal, or completely unethical, there’s no question that dual agency is a tricky situation to navigate. Dual agency is when a single real estate agent represents both the buyer and the seller in the same transaction. It can also refer to a transaction where the same real estate team or brokerage simultaneously represents both the buyer and seller.
Mashvisor
JULY 24, 2023
Over the past few years, the Airbnb investment strategy has been a very lucrative way for investors to make money in real estate.
Housing Wire
JULY 28, 2023
High mortgages and stubbornly elevated home prices are worsening the housing affordability crisis. A first-time homebuyer must earn roughly $64,500 per year to afford the typical U.S. “starter” home, up 13% from a year ago, according to a new report from Redfin. In June, the typical starter home sold for a record $243,000, up 2.1% from a year earlier and up more than 45% from before the pandemic.
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.
Real Estate News
JULY 28, 2023
Nashville tops the list of cities with "just right" homes with ample square footage and big yards near urban centers.
Keeping Current Matters
JULY 26, 2023
While the wild ride that was the ‘unicorn’ years of housing is behind us, today’s market is still competitive in many areas because the supply of homes for sale is still low.
Inman
JULY 28, 2023
The suit accuses now ex-CEO Mike Mercurio of using association credit cards for personal purchases, inflating his vacation time and selling items that the association paid for on eBay.
Housing Wire
JULY 28, 2023
Outsiders to the real estate industry may assume that the tight market has real estate agents hanging up their hats. In reality, today’s agents are seizing the market and feeling confident. Real estate agents are still confident in the industry and the market. Even as the housing market comes down from its COVID-19 pandemic highs, there are houses to be sold and deals to be made.
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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.
Real Estate News
JULY 28, 2023
The system of sellers funding commissions, which are then shared between seller and buyer agents, goes back more than 100 years. Is it time for a change?
Keeping Current Matters
JULY 28, 2023
If you’re considering buying or selling a home, you’ll want to know what’s happening in the housing market.
Inman
JULY 28, 2023
Bryan Knisley previously ran his own brokerage and completed stints at RE/MAX and Keller Williams. He's bringing 27 agents with him to eXp, according to the company.
Housing Wire
JULY 28, 2023
JPMorgan Chase will buy nearly $2 billion worth of mortgages to grease Banc of California ‘s purchase of PacWest Bancorp , Bloomberg reported. The bank entered into an agreement to buy $1.8 billion of single-family residential loans at a discount, according to the outlet. Banc of California and PacWest announced on Tuesday an all-stock merger with a $400 million equity raise from Warburg Pincus and Centerbridge Partners to create a bank with $36 billion in assets.
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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.
Real Estate News
JULY 27, 2023
The property management platform RentSpree is seeing an uptick in real estate agent customers as for-sale inventory remains limited.
Keeping Current Matters
JULY 25, 2023
If you’re thinking of buying or selling a home, one of the biggest questions you have right now is probably: what’s happening with home prices?
Inman
JULY 28, 2023
The annual paycheck for a first-time homebuyer is roughly $64,500 to afford the typical U.S. "starter" home in 2023 — up 13 percent from a year ago, according to a report from Redfin.
Housing Wire
JULY 28, 2023
Mauricio Umansky ‘s residential brokerage The Agency is venturing into core services. Through partnerships with Bubble Insurance Solutions and New American Funding , real estate agents at The Agency will have access to mortgage lending services and insurance services for their clients. With Bubble Insurance Services, The Agency is launching its own affiliate insurance service, Agencia Insurance Solutions , which will serve new and past The Agency clients in California and Arizona.
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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 27, 2023
The 30-year fixed-rate mortgage rose to 6.81% this week as the Fed raised its benchmark rate to the highest level since 2001.
Keeping Current Matters
JULY 24, 2023
If you've been keeping up with the news lately, you've probably come across headlines talking about the increase in foreclosures in today’s housing market.
Inman
JULY 28, 2023
Inspired by this summer's hottest TikTok dating trend, trainer Rachael Hite breaks communication down into three simple steps to start seeing results in your frosty pipeline.
Housing Wire
JULY 27, 2023
After a year’s worth of warnings about a recession, Federal Reserve chair Jerome Powell said Wednesday that the central bank’s staff no longer forecasts a nationwide economic downturn. It’s welcome news for the economy to achieve a soft landing, a scenario in which inflation falls, unemployment remains relatively low and a recession is avoided.
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 27, 2023
The 0.3% gain is the first increase in four months, NAR reported, suggesting that “the housing recession is over.
Bigger Pockets
JULY 28, 2023
The insurance industry was upended by the Internet, like many other industries. The key issue is that without agents who can guide you through coverage options for certain properties, you're left to your own devices. That can become an issue quickly.
Inman
JULY 28, 2023
Droves of people have flocked to Texas for new jobs, tax and affordability purposes, and political reasons, and the demand from this new class of wealthy buyers is stretching the state's luxury inventory thin.
Housing Wire
JULY 27, 2023
When you think about a real estate team , you automatically think they must be more productive than individual agents, right? Not so fast. Clearly, over the last decade, teams have grown far faster than individual agents in terms of closed transactions. This is not unexpected, as teams have the ability to scale their business far easier and faster than an individual agent.
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.
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