Eye on Housing
DECEMBER 14, 2022
Per the Mortgage Bankers Association’s (MBA) survey through the week ending December 9th, total mortgage activity increased 3.2% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate rose one basis points to 6.42%. The FRM rate has fallen 48 basis points over the past month. The Market Composite Index, a measure of mortgage loan application volume, rose.
Maximum Exposure Real Estate
DECEMBER 13, 2022
What Are Open Houses? Open houses are a marketing activity performed by a licensed real estate agent, usually on a weekend, whereby a home seller’s property is open to the public for a designated time period. Open houses typically last for a couple of hours, when people can come and go at their leisure. There […]. The post Do Open Houses Work appeared first on Maximum Real Estate Exposure.
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The Close
DECEMBER 14, 2022
When I worked in real estate in Manhattan, I noticed a pattern among my fellow agents: The people who complained about working 80-hour weeks weren’t closing very many deals. There’s a simple reason why: They never learned proper time management techniques for Realtors. Time management is one of those soft skills that most agents put off learning until they realize that the more stressed they are, the harder it is to sell real estate.
Housing Wire
DECEMBER 13, 2022
On Tuesday, the Consumer Price Index (CPI) data came in cooler than expected , and the bond market loved it, driving mortgage rates lower. Where do we go from here? Headline inflation is still very elevated historically, but the trend can be our friend over the next 12 months. I say this because the most significant component of Core CPI is shelter inflation.
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.
Realty Biz
DECEMBER 14, 2022
For months, we’ve explored ways to scrutinize the best real estate professionals objectively across the country. After dozens of reports, the system we use, is the system we recommend potential buyers or sellers use. Do your own five-minute Google, Zillow, social media, and branding diligence to narrow your agency choices. The bottom line is there is no boxed toolset yet, for weighting, which agents beat out their competition.
Keeping Current Matters
DECEMBER 14, 2022
Did the frequency and intensity of bidding wars over the past two years make you put your home search on hold?
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
BubbleInfo
DECEMBER 12, 2022
There shouldn’t be much new action for the rest of the month – it would be crazy to put a new listing on the MLS in the next 2-3 weeks. It means the current inventory – the lowest it’s been since May – couldn’t be any more picked over by those who don’t trust the […].
Lighter Side of Real Estate
DECEMBER 14, 2022
Potato, potahto, tomato, tomahto—just a couple of examples of words that people have different ways of pronouncing. It’s not like anyone won’t know what you’re talking about if you say either variation, but it might hurt their ears to hear it said differently than they pronounce it. “REALTOR®” is another one of those words that people pronounce differently.
The American Genius for Real Estate
DECEMBER 11, 2022
Augmented reality and artificial intelligence are making their mark in tech, but they could also change the face of real estate marketing.
Housing Wire
DECEMBER 16, 2022
This article is part of our Housing 2022-23 forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business.
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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.
Keeping Current Matters
DECEMBER 13, 2022
At first glance, the increase in housing supply compared to last year may not sound like good news for prospective sellers, but it actually gives you two key opportunities in today’s housing market.
Maximum Exposure Real Estate
DECEMBER 13, 2022
Is the price per square foot important? This is a question that lots of buyers and sellers want to know. In real estate, as with many things in life, the easiest solutions to a problem are not always the best solutions. Take calculating the value of a home for sale. Realtors, sellers, and buyers want […]. The post Price Per Square Foot Should Be Avoided When Calculating Market Value appeared first on Maximum Real Estate Exposure.
Eye on Housing
DECEMBER 16, 2022
Reflecting the unprecedented housing shortages across the United States in the post-pandemic market, U.S. vacancy rates hit their lowest readings in decades in 2021. According to NAHB’s analysis of the 2021 American Community Survey (ACS), owner vacancy rates dropped below 0.9% and rental vacancy rates reached a new low of 5.2%, the lowest levels recorded by the ACS since the.
Housing Wire
DECEMBER 16, 2022
For most real estate industry professionals, title insurance needs no introduction. A trusted product , title insurance has been used to protect real estate transactions and property rights for over a century. However, most Americans don’t learn about title insurance until they buy their first home and amid the often stressful, frenetic activity of the closing process, homebuyers can be confused about many of the settlement costs and why they need to purchase a title insurance policy.
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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.
Keeping Current Matters
DECEMBER 16, 2022
Some Highlights. From home sales to prices the 2023 housing market will be defined by mortgage rates. And where rates go depends on what happens with inflation. If you’re thinking of buying or selling a home this year, connect with a trusted real estate professional who can help you understand where the housing market is headed in 2023.
Maximum Exposure Real Estate
DECEMBER 12, 2022
Can a Buyer or Seller Break A Real Estate Contract? Can a seller back out of a contract? How about a buyer? Trying to back out of an offer is not all that uncommon. Once you have been in the real estate business long enough, you can be assured you are bound to hear the […]. The post Termination of Real Estate Contracts By Buyers and Sellers Explained appeared first on Maximum Real Estate Exposure.
Realty Biz
DECEMBER 15, 2022
Buying a house is a complicated process, so it’s refreshing when one simple concept covers more than one aspect of it. Escrow is just such a concept. This is the practice of enlisting a third party to hold both the deed to a property and the money used to buy it until both buyer and seller are satisfied with the terms. When this idea originated around the turn of the 20th century , selling property was much more simple.
Housing Wire
DECEMBER 16, 2022
The Federal Housing Administration (FHA) issued clarification on Thursday regarding the extent in which employees in single-family housing transactions are allowed to play dual roles — and how much they are allowed to be compensated from a single FHA-insured transaction. The clarification, issued in a Mortgagee Letter by FHA Commissioner Julia Gordon, notes that participants who have “a direct impact on the mortgage approval decision are prohibited from having multiple roles or sources of
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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.
Keeping Current Matters
DECEMBER 12, 2022
If you’re trying to decide whether or not to sell your house, recent headlines about home prices may be top of mind.
Maximum Exposure Real Estate
DECEMBER 14, 2022
Do sexual offenders near me have to be disclosed when selling a home? That is a very good question! As a seller or a seller’s agent, you must understand the rules surrounding disclosure before you start speaking to potential buyers. Whether there are sexual predators nearby is certainly a question that could come up when […]. The post Disclosing Sexual Predators and Offenders Near Me in Real Estate Sales appeared first on Maximum Real Estate Exposure.
The Close
DECEMBER 13, 2022
Newer agents are almost always surprised when I tell them agents and brokers with killer marketing are not more talented or harder-working than they are. They aren’t luckier either. So why do some consistently crush their marketing goals while others fail? Simple. Smart Realtors create a real estate marketing plan designed for long-term growth early in their careers.
Housing Wire
DECEMBER 14, 2022
On the heels of the central bank’s announcement to raise the federal funds rate by 50 basis points to 4.25%-4.50% on Wednesday, most economists and industry experts were on the same page about the housing outlook and which direction mortgage rates would be headed. . Growing concerns of a recession, led by the Federal Reserve ’s continued interest rate hikes next year, will prompt mortgage rates to trend lower in 2023, according to numerous experts.
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.
Keeping Current Matters
DECEMBER 15, 2022
If you’re thinking about retirement or have already retired this year, you may be planning your next steps.
Maximum Exposure Real Estate
DECEMBER 11, 2022
Do you know the warning signs of hiring a bad real estate agent? If you have never bought or sold a house before, chances are you’ve never hired a real estate agent. There is a learning curve to most things and hiring a real estate agent is one of them. You can be so eager […]. The post What Are The Signs You Have a Bad Real Estate Agent appeared first on Maximum Real Estate Exposure.
Realtor.com
DECEMBER 12, 2022
Photo-Illustration by Realtor.com; Photos: Getty Images (4) Just when you thought 2021’s wild real estate ride was ending, 2022 arrived to deliver one smackdown after another. Mortgage rates and home prices jumped higher than we’d seen in recent years, and low inventory posed a problem for homebuyers and sellers alike. But amid the ups and downs of the real estate market, there were plenty of homeowners who were perfectly content staying put and looking for ways to beautify their liv
Housing Wire
DECEMBER 13, 2022
The National Association of Realtors predicts there will be 4.78 million existing home sales in 2023, down 6.8% from the 5.13 million existing home sales expected to close in 2022. Lawrence Yun, the trade organization’s chief economist, announced this prediction on Tuesday during NAR’s fourth annual year-end Real Estate Forecast Summit. The 5.13 million existing homes sold in 2022 already represent a 16% year-over-year decrease and the lowest number of existing home sales since 2014.
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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.
Eye on Housing
DECEMBER 13, 2022
Consumer prices in November saw the smallest year-over-year gain since December 2021.While still elevated, inflation experienced the second month below an 8% annual growth rate since February 2022. However, the shelter index continued to rise at an accelerated pace and was more than offsetting decreases in energy indexes. Shelter inflation will primarily be cooled in the future via additional housing.
Maximum Exposure Real Estate
DECEMBER 16, 2022
How to Sell a Home For The First Time Are you a first-time home seller? Selling your home is a big deal and is not a process that most people go through too often. As you move forward with your sale, many things must be considered if you want to sell quickly and for a […]. The post Tips For First Time Home Sellers appeared first on Maximum Real Estate Exposure.
GeekEstate
DECEMBER 14, 2022
[Editor’s Note: Below is the full text of our 233th Weekly Transmission, originally delivered direct to the inbox of more than 600 GEM members on November 16th, 2022.]. Image created by: Jasper Image description: burn the boats. In 1519, Hernán Cortés arrived on the beaches of present-day Veracruz in Eastern Mexico with 600 men set on plundering unimaginable treasure from the Aztec Empire.
Housing Wire
DECEMBER 16, 2022
After the booming volume of the last two years, this year has been more difficult than many expected. Production has dropped significantly, and many lender shops are focused on recruiting more loan officers to help make up the difference. . “As a company, we’ve had to really right-size our teams to make sure that we’re keeping our costs in line with the reduced production that we’re seeing,” said Courtney Graham , chief marketing officer and chief people officer at Princeton Mortgage.
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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