Sat.May 06, 2023 - Fri.May 12, 2023

article thumbnail

The Best Time To Sell Your House Is When Others Aren’t Selling

Keeping Current Matters

If you’re thinking about selling your house, you should know the number of homes for sale right now is low.

Sales 264
article thumbnail

Common Reasons Why Pending Sales Fall Through

RIS Media

When you think you’ve found your perfect home, you will be understandably devastated if the sale falls through. After the seller has accepted your offer, it can take as long as 60 days to close or more, and many things could go wrong. You might be surprised at the number of reasons pending sales fall… The post Common Reasons Why Pending Sales Fall Through appeared first on RISMedia.

Sales 143
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Reverse Prospecting: A Proven Way To Generate Leads, Quickly

Lab Coat Agents

Last weekend, I used reverse prospecting to attract 17 new warm leads to me and my business at a street fair. We’ll talk about how I did that more later. Do you hate Cold Calling, Door Knocking and being Salesy? Me too! Okay, so how do you prospect then? I use reverse prospecting! What Is Reverse Prospecting? Reverse prospecting is a form of attraction marketing.

As-is 98
article thumbnail

5 things agents should look for in a real estate photographer

Inman

It can be hard to know which type of photographer will show up at your property. Here are some best practices to ensure your listing (and your client) are set up for success.

Agents 195
article thumbnail

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.

article thumbnail

Subdued Frenzy

BubbleInfo

We closed escrow yesterday in La Costa Valley! The seller is a bubbleinfo reader so obviously we have analyzed our results carefully over the last month.

Closing 92
article thumbnail

Real defies the odds, reports strong annual revenue gains

Real Estate News

The Real Brokerage more than doubled its agent count vs. last year, with chairman and CEO Tamir Poleg crediting its technology and “agent attraction model.

Brokerage 261

More Trending

article thumbnail

Social Skills: Essential Real Estate Accounts to Follow

RIS Media

Editor’s Note: Social Skills is a bi-monthly feature in RISMedia’s Daily News focused on social media and digital marketing tips, trends and solutions for agents and brokers. When building your career as a REALTOR®, whether you’re on day one or 15 years in, it’s always good to connect with other professionals for advice and their… The post Social Skills: Essential Real Estate Accounts to Follow appeared first on RISMedia.

Agents 116
article thumbnail

Home prices inching up despite difficult affordability

Real Trends

Available inventory of homes on the market actually fell this week as American home buyers continue to defy expectations. Even as difficult affordability curtails some demand, new supply remains incredibly restricted. And, home prices — which are flat to down year over year — are inching up each week. This data is creating a surprising supply and demand equation.

Closing 100
article thumbnail

72% of Renters Believe Homeownership Will Never Happen

Broke Agent Media

BAM Key Details: According to a recent report by Home Bay , 72% of renters believe that homeownership will never happen for them. Survey participants cited inflation and interest rates as the main reasons for the lack of affordable homes in today’s market. While renters have a pessimistic view of their chances at homeownership, many are willing to think outside the box in order to buy a home.

article thumbnail

FHFA rescinds controversial DTI LLPA

Housing Wire

Did you hear that sound? That’s the entire mortgage industry shouting, “hip, hip hooray!” The Federal Housing Finance Agency (FHFA) on Wednesday announced that it would rescind a controversial loan-level pricing adjustment (LLPA) for conventional borrowers with debt-to-income (DTI) levels at or above 40%. The FHFA, which regulates Fannie Mae and Freddie Mac , had previously delayed implementation of the DTI LLPA from May 1, 2023 to August 1, 2023 following a chorus of upset fro

FHA loan 539
article thumbnail

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.

article thumbnail

Why RE/MAX's CEO isn’t worried about the market (but hates a cluttered inbox)

Real Estate News

President and CEO Nick Bailey — a 30-year industry veteran — takes a long-term perspective on real estate, and he already sees positive shifts.

Marketing 299
article thumbnail

The Impact of Inflation on Mortgage Rates

Keeping Current Matters

If you’re reading headlines about inflation or mortgage rates, you may see something about the recent decision from the Federal Reserve.

Mortgages 237
article thumbnail

How to answer buyers’ top 10 most-asked mortgage questions

Inman

Agents should be prepared to answer their buyer's mortgage questions, including types of mortgages, lender guidelines, preapproval vs. prequalification and the closing process in the area.

Mortgages 190
article thumbnail

CPI report is good news for mortgage rates

Housing Wire

The massive inflation and double-digit mortgage rates of the 1970s and early 1980s seem to haunt the Federal Reserve , which wants to cool the economy and even provoke a job-loss recession to avoid that scenario. But the latest Consumer Price Index inflation report shows how the fear of 1970s-style inflation is wildly overblown. Today’s numbers don’t look like the 1970s at all, when rent, wages, and oil shocks sent inflation running hotter than anything we have seen in recent modern-day hi

Mortgages 536
article thumbnail

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.

article thumbnail

The 'catastrophic' impact of a debt default on housing costs

Real Estate News

The U.S. has never defaulted on its debt, but without government action, it could happen by June 1 — leading to a surge in mortgage rates and monthly costs.

Mortgages 269
article thumbnail

It May Be Time To Consider a Newly Built Home

Keeping Current Matters

If you’re looking to buy a house, you may find today’s limited supply of homes available for sale challenging.

Sales 250
article thumbnail

NAR votes to raise membership dues in alignment with inflation

Inman

The National Association of Realtors voted Thursday to tie annual membership dues to the Consumer Price Index. Its board separately voted to increase annual dues by 4 percent to $156 next year.

MLS 173
article thumbnail

Housing Market Tracker: Spring inventory falls

Housing Wire

Just when I thought it was safe to say we were getting more traditional spring housing inventory , we hit a snag last week, as active inventory and new listings declined. Hopefully, this is just a blip, which can occur from time to time with weekly data. We had a lot of drama over the week between Federal Reserve meetings and banking stress, and mortgage rates and purchase applications both fell.

Marketing 505
article thumbnail

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.

article thumbnail

Compass loses $150 million, but finds reasons for optimism

Real Estate News

With the rollout underway for its end-to-end transaction platform, and agent count up, Compass projects that it will be cash-flow positive next quarter.

Agents 243
article thumbnail

The Worst Home Price Declines Are Behind Us [INFOGRAPHIC]

Keeping Current Matters

While home prices vary by local area, they’ve already hit their low point nationally, and now they’re starting to rise again.

Marketing 230
article thumbnail

Compass to launch network aimed at relocating medical professionals

Inman

Moving Medicine Partners will launch as a national network of agents later this month with St. Louis relocation specialist Zoe Cangas leading the new initiative, Inman has learned exclusively.

Agents 167
article thumbnail

NewRez now offers Freddie Mac’s revamped downpayment assistance program

Housing Wire

Mortgage lender and servicer NewRez on Monday launched a special purpose credit program through Freddie Mac that will provide $3,000 or more in closing cost assistance to qualifying first-time homebuyers. Freddie Mac’s BorrowSmart Access program will be available to NewRez borrowers through Caliber Home Loans ‘ national network of branches.

article thumbnail

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.

article thumbnail

Brokerage Beat: News from Corcoran, RE/MAX, Real, C21, more

Real Estate News

Corcoran expands in NJ; RE/MAX snags SoCal firm; Real opens in Manitoba; C21 grows in Green Bay; AZ indie joins KW; The Agency opens in Boise; eXp woos teams.

Brokerage 232
article thumbnail

Why Today’s Housing Market Is Not About To Crash

Keeping Current Matters

There’s been some concern lately that the housing market is headed for a crash.

Marketing 262
article thumbnail

EasyKnock acquires Ribbon in bid to launch national marketplace

Inman

The sale-leaseback platform plans to launch a marketplace later this year designed to serve homesellers and buyers, both individuals and investors, EasyKnock revealed to Inman exclusively.

Investor 167
article thumbnail

Opinion: I beat the market with a mortgage assumption

Housing Wire

I was tired of fighting with mortgage lenders about self-employment income, high-interest rates , and dealing with scarce inventory that fit our family’s needs. We decided to rent a bigger home. I was beyond done. It wasn’t meant to be. The awards for entrepreneurship did not extend to quickly buying a home. My wife found a home with motivated owners due to a divorce.

VA loan 418
article thumbnail

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.

article thumbnail

FHFA decides to scrap new debt-to-income ratio fees

Real Estate News

The fees, which were scheduled to go into effect on Aug. 1, were opposed by industry groups including NAR and the Mortgage Bankers Association.

article thumbnail

4 Things to Research Before Buying a House

RIS Media

When searching for your next home, you are likely focused on the location, the number of bedrooms, the features, and more. But what you might not be thinking about is the property history. Even if the home fits your requirements and the price is right, the home could be hiding a checkered past. Finding out… The post 4 Things to Research Before Buying a House appeared first on RISMedia.

article thumbnail

Fair housing training for agents will be mandatory under NAR proposal 

Inman

The National Association of Realtors' Board of Directors will vote Thursday on requiring its 1.5 million members to complete two hours of fair housing training every three years beginning in 2025.

Agents 167
article thumbnail

Affordable housing inventory is limited due to foreclosure prevention efforts

Housing Wire

A key source of affordable housing inventory was cut in half over the last three years, resulting from well-intended but heavy-handed efforts to keep delinquent borrowers in homes. That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction. Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners

article thumbnail

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.