Housing Wire

OCTOBER 31, 2022

The Federal Reserve will hold another meeting this week, where everyone assumes we will get another 75 bps rate hike. The question is: how many more rate hikes are left? And, once they’re done hiking rates, will the Fed need to keep rates high because the consumer balance sheet looks so good? Over the weekend, The Wall Street Journal brought up this point — that the Fed is mindful that household balance sheets are much better now due to the excess savings built up during the COVID recovery and t

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Keeping Current Matters

NOVEMBER 1, 2022

While higher mortgage rates are creating affordability challenges for homebuyers this year, there is some good news for those people still looking to buy a home.

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Eye on Housing

NOVEMBER 1, 2022

Higher interest rates are pricing out some (not all) buyers, but also transforming remaining prospects into active buyers. In the third quarter of 2022, 59% of prospective buyers had moved beyond the planning phase and become fully engaged in the buying process, up from 46% in the first quarter and 49% in the second quarter of the year. The share.

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Real Trends

NOVEMBER 2, 2022

As mortgage rates hit 7% and above, loan officers are seeing new borrowers increasingly interested in options that can help reduce their initial mortgage payments. These borrowers are hoping that rates will decline enough in the next few years that a refinance will bring their payments down permanently. Options for borrowers include temporary rate buydowns and down payment assistance programs.

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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.

Industrial

Fancy Pants Homes

NOVEMBER 1, 2022

The legendary TV drama The Sopranos first hit our screens back in 1999, and it did so with a bang. It got us hooked from the very first episode with its stellar performances, production quality, and its unusual portrayal of an Italian Mafia capo. The popular crime/drama series introduces us to Tony Soprano, a slightly overweight and balding mob guy living in suburban New Jersey that’s struggling to navigate personal affairs and professional power plays in a manner that hadn’t previou

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The American Genius for Real Estate

OCTOBER 31, 2022

Realtor safety is of upmost importance to those in the field, especially to those at NAR. Here's how they're helping to save lives.

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Real Trends

NOVEMBER 1, 2022

Social media remains Realtors’ top lead-generating technology tool , with 46% of respondents reporting it was their number one technology powered lead generation source, according to a new survey report from the National Association of Realtors. The most popular social media app among the random sample of Realtors surveyed was Facebook , with 89% of respondents reporting they used the app, followed by Instagram at 59%, LinkedIn at 53%, YouTube at 26%, Twitter at 19% and TikTok at 12%.

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HomeLight

OCTOBER 31, 2022

Enjoying this episode? Be sure to follow The Walkthrough to get future episodes delivered automatically: Apple Podcasts/iTunes | Spotify | YouTube. About This Episode. You’re an expert when it comes to the latest real estate industry trends, but social media is a different story. Facebook, Instagram, TikTok, YouTube–there are just too many, and they’re constantly changing.

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Maximum Exposure Real Estate

OCTOBER 31, 2022

Buying a home might be the most significant financial commitment you ever make. So it isn’t surprising that you want to avoid extra expenses when purchasing. House inspections are another expense during the home-buying process that you could choose to eliminate. However, choosing not to have a home inspection isn’t an expense you should avoid. […].

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Housing Wire

NOVEMBER 4, 2022

On Friday, the Bureau of Labor Statistics reported that 261,000 jobs were created and we had 29,000 positive revisions to prior reports. This means the honey badger labor market will keep the Federal Reserve from pivoting anytime soon. . This has been a theme of mine lately. Since all my six recession red flags are up, the only data lines that I am focusing on regarding the cylce of economic expansion to recession are job openings and jobless claims data.

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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.

Brokerage

Keeping Current Matters

NOVEMBER 4, 2022

Some Highlights. If you’re questioning whether or not to buy a home this year due to today’s cooling market, consider the long-term financial benefits of homeownership. As a homeowner, equity increases your wealth. On average, nationwide, home prices appreciated by 2% since 1991. Homeownership wins in the long run. If you’re ready to buy a home, reach out to a local real estate professional today.

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Eye on Housing

NOVEMBER 4, 2022

Job growth slowed in October as the Fed continues its tightening of financial conditions to fight inflation, but the overall labor market remains tight. The unemployment rate increased by 0.2 percentage points to 3.7% in October as the number of persons in the labor force decreased for the second straight month.

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Realty Biz

NOVEMBER 2, 2022

Buying a home is likely the largest purchase you’ll ever make. In today’s competitive housing market, even buyers who saved a hefty down payment might end up paying more for their home than they planned. It’s easy to bust your budget when it comes to a home’s sale price, but many homeowners are surprised by the expenses they'll need at or after closing.

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Housing Wire

NOVEMBER 1, 2022

As mortgage rates hit 7% and above, loan officers are seeing new borrowers increasingly interested in options that can help reduce their initial mortgage payments. These borrowers are hoping that rates will decline enough in the next few years that a refinance will bring their payments down permanently. Options for borrowers include temporary rate buydowns and down payment assistance programs.

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Seller concession Loan Officer Closing costs Mortgages 468

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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.

Agents

Keeping Current Matters

NOVEMBER 2, 2022

As you look ahead to the winter season, you’re likely making plans and thinking about what you want to achieve before the year ends.

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Eye on Housing

OCTOBER 31, 2022

Prospective buyers in the third quarter of 2022 are more likely to have higher levels of income and education than earlier in the year. This helps explain why affordability expectations have improved. In the third quarter of 2022, 69% of buyers could only afford a minority of homes for sale in their markets, a much lower share than in the.

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Real Trends

NOVEMBER 4, 2022

The real estate market is always full of uncertainty, but lately, there have been more significant concerns. After seeing exceptionally low interest rates at the beginning of 2022, they are now more than double. Even though rates are still historically low, they have many would-be buyers and sellers thinking the worst. And despite no conclusive evidence that a crash is imminent, rumors of a crash are circulating nonetheless.

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Housing Wire

NOVEMBER 3, 2022

Retail lender and servicer Mr. Cooper has dropped the ax on approximately 800 staffers, roughly a week after hinting that job cuts were coming due to lower origination production. “In the face of market volatility and economic uncertainty, Mr. Cooper Group has taken a disciplined and proactive step to scale back the Originations business, including the elimination of approximately 800 positions,” the company said in a statement. “By aligning our originations operations to the s

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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.

Sales

Keeping Current Matters

OCTOBER 31, 2022

If you’re planning to buy a home, knowing what to budget for and how to save may sound scary at first.

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Eye on Housing

NOVEMBER 2, 2022

An earlier post revealed that a record 70% of buyers who were actively engaged in the process of finding a home in the third quarter of 2022 have spent 3+ months searching for a home without success. Those buyers also have higher incomes and education levels than in previous quarters. The most common reason these long-term searchers cite for not.

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GeekEstate

NOVEMBER 2, 2022

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: Follow Up Boss]. A CRM that centralizes leads and supports follow-up tools for high-growth real estate businesses, Follow Up Boss provides calling and dialer; individual and group texting; and email for engaging with leads. Everything syncs from agents’ desktops to their phones to keep engagement consistent.

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Housing Wire

NOVEMBER 1, 2022

Last year, Rocket Mortgage , America’s top mortgage lender, benefited greatly from record low mortgage rates — racking up more than double the refi volume of any lender. . But with rates rapidly climbing past the 7% level, the Detroit-based lender is now in a tough spot as it attempts to pivot to purchase mortgages and persuade its customers to get cash-out refis – all while trying to cut costs through voluntary buyouts and attrition, the Wall Street Journal reported in a deep dive published Tue

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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.

Agents

Keeping Current Matters

NOVEMBER 3, 2022

It turns out, millennials aren’t the renter generation after all.

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Eye on Housing

NOVEMBER 2, 2022

Continuing its tightening of financial conditions to bring the rate of inflation lower, the Federal Reserve’s monetary policy committee raised the federal funds target rate by 75 basis points, increasing that target to an upper bound of 4%. This marks the fourth consecutive meeting with an increase of 75 basis points and pushes the fed funds rate to a 15-year.

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HomeLight

OCTOBER 29, 2022

Getting the news that you’ve been hired for that long-awaited promotion or new job in an office across the country is incredibly exciting – congratulations! While interstate moves have slowed down in recent years, 2022 saw increased relocation activity and significant moves from higher-cost states on the coasts, such as California , to booming lower-cost states including Florida and Texas.

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Housing Wire

NOVEMBER 2, 2022

Amid a surprisingly strong U.S. economic performance and persistent inflation, the Federal Reserve on Wednesday raised the federal funds rate by another 75 basis points, to 3.75%-4%, launching it to the highest level since December 2007. The decision, expected by most Fed observers and the financial markets, is intended to further slow down the housing market.

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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.

Agents

Sotheby's International Real Estate

OCTOBER 31, 2022

From a US$28M sale in Newport Coast, California to a AUD$8M sale in Hamilton Island, Australia, here are five sales represented by the Sotheby’s International Realty® global network in September. Newport Coast, California . CAIN Group | Pacific Sotheby’s International Realty, US$28,825,000. Vittoriosa, Malta. Josabeth Cassar | Malta Sotheby’s International Realty, EUR€5,300,000.

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Eye on Housing

NOVEMBER 4, 2022

Spurred by elevated savings early in the pandemic and encouraged by lower interest rates, rising numbers of young adults left parental homes in 2021. As a result, the share of young adults ages 25-34 living with parents or parents-in-law declined and now stands at 20.2%, according to NAHB’s analysis of the 2021 American Community Survey (ACS) Public Use Microdata Sample.

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Coldwell Banker

NOVEMBER 2, 2022

The brand extended franchise agreements that accounted for more than $6.2 billion in sales volume and welcomed five new franchisees. The post Coldwell Banker Real Estate Reports Strong Q3 2022 Results appeared first on Coldwell Banker Blue Matter.

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Housing Wire

NOVEMBER 2, 2022

Despite new language in the Federal Open Market Committee statement that suggested a potential slowdown in curbing inflation, Federal Reserve Chairman Jerome Powell maintained a hawkish tone on raising the federal funds rates during Wednesday’s press conference. And with Fed rates expected to rise even further, industry experts and economists don’t expect mortgage rates to stabilize for at least another year.

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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.

Agents