RIS Media

AUGUST 24, 2023

Editor’s Note: The Playbook is an RISMedia biweekly segment centering on what brokers and agents are doing to ensure they not only survive but thrive in these challenging times. Industry professionals explain the strategies they’re employing and unique ideas they’ve formulated. Tune in every other Thursday for another addition to the series. As so-called “discretionary”… The post The Playbook: A Complete Guide to Probate Listings appeared first on RISMedia.

Industrial 98

Industrial Agents As-is Sales 98

Keeping Current Matters

AUGUST 21, 2023

The National Association of Realtors (NAR) is set to release its most recent Existing Home Sales (EHS) report tomorrow.

Sales 230

Sales Marketing 230

Housing Wire

AUGUST 21, 2023

Denver -based real estate giant RE/MAX announced that it was laying off 7% of its staff on Friday. According to the company’s filing with the Securities and Exchange Commission , layoffs were part of a reorganization, which RE/MAX said is “intended to streamline the Company’s operations and yield cost savings over the long term.” The filing stated that RE/MAX expects the reorganization to be substantially complete by the end of the quarter.

Principal 370

Principal Technology Agents Design 370

Inman

AUGUST 24, 2023

Beloved Keller Williams Moorestown agent Rob Montalbano died in a Lake Travis boating accident on Aug. 13. His brokerage and community have rallied to raise more than $68,000 for funeral costs.

Agents 148

Agents Brokerage Industrial 148

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

HomeLight

AUGUST 23, 2023

The amount of paperwork required during the home sale process is staggering. When you’re buried under a mountain of 180 pages related to the deal, it’s easy to neglect a stack that seems to hide on the periphery of the transaction: the Homeowners Association (HOA) documents. But your failure to be transparent and forthcoming with the rules, regulations, and financial state of the HOA governing the block could hold up the process or come back to bite you.

Sales 98

Sales Property Management Agents Finance 98

Calculated Risk Real Estate

AUGUST 22, 2023

From the NAR: Existing-Home Sales Slipped 2.2% in July Existing-home sales receded in July, according to the National Association of Realtors® Among the four major U.S. regions, sales grew in the West but faded in the Northeast, Midwest and South. All four regions registered year-over-year sales declines. Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – waned 2.2% from June to a seasonally adjusted annual r

Sales 98

Sales Closing Mortgages Marketing 98

Real Estate News

AUGUST 23, 2023

Chris Speicher feels "numb" in the wake of devastating wildfires but is committed to helping the community rebuild — in the right way.

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Housing Wire

AUGUST 25, 2023

Retail lender AmeriFirst Financial Inc. filed for Chapter 11 bankruptcy protection in Delaware, just two months after it got back into the forward mortgage origination business. The Mesa, Arizona-based company listed estimated assets and liabilities as much as $100 million each, according to a filing in the U.S. Bankruptcy Court for Delaware. RCP Credit Opportunities Fund is listed as the largest unsecured creditor in the AmeriFirst Chapter 11 case — with a claim of $17.9 million, court pleading

Bankruptcy 370

Bankruptcy Mortgages Loans Lending 370

Keeping Current Matters

AUGUST 23, 2023

The housing market continues to shift and change, and in a fast-moving landscape like we’re in right now, it’s more important than ever to have a trusted real estate agent on your side.

Marketing 235

Marketing Agents 235

Inman

AUGUST 23, 2023

The franchisor will drastically slash profit share for "vested KW agents who actively compete with our brokerages" unless they return within six months, Keller Williams President Marc King said Tuesday.

Agents 148

Agents Brokerage 148

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Brokerage

Real Estate News

AUGUST 19, 2023

More than 4,000 eXp Realty agents in 12 markets will be helped by NorthstarMLS, which has offered to assist other major companies as well.

Agents 246

Agents Marketing 246

Housing Wire

AUGUST 21, 2023

Mortgage rates only kept climbing in the last week. Buyers in this real estate market notice these affordability changes, and so we can see in the data fewer home purchase offers, slightly climbing unsold inventory, and slightly more price reductions for the homes that are on the market. This is the same pattern as we talked about last week. The first half of the year had surprisingly resilient sales, but that is slowing again.

Mortgages 370

Mortgages Sales As-is Marketing 370

Keeping Current Matters

AUGUST 22, 2023

If you remember the housing crash back in 2008, you may recall just how popular adjustable-rate mortgages (ARMs) were back then.

Mortgages 227

Mortgages 227

Inman

AUGUST 22, 2023

As the luxury brokerage continues to expand its Midwestern presence, it has strategically moved into Kentucky with Managing Partner Jason Farabee leading the new office, according to the company.

Brokerage 148

Brokerage 148

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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

Real Estate News

AUGUST 22, 2023

Starting next July, former KW agents who compete against the company will see their profit share distribution reduced from 100% to 5%.

Agents 246

Agents 246

Housing Wire

AUGUST 24, 2023

Mortgage rate shot up again last week as the bond market continues to grapple with a growing economy in the run up to the next Federal Open Market Committee meeting. Investors are concerned that the central bank will continue raising the funds rate, pushing borrowing costs even higher. For many, there is worry that the Fed may overtighten on the monetary front and lead to economic damage,” said George Ratiu, chief economist at Keeping Current Matters.

Mortgages 370

Mortgages Fixed-rate mortgage Banks Investor 370

Keeping Current Matters

AUGUST 25, 2023

There are only about half the number of homes for sale compared to the last normal years in the market.

Marketing 220

Marketing Sales 220

Inman

AUGUST 21, 2023

When it comes to finding a house to call home and securing a mortgage, the overwhelming number of options, lack of communication and never-ending paperwork can leave even the most experienced agents frustrated and homebuyers feeling discouraged.

Agents 148

Agents Mortgages 148

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Sales

Real Estate News

AUGUST 24, 2023

The company said the new program, initially launching in Phoenix, will help ease one of the biggest barriers to entry for buying a home.

Loans 242

Loans 242

Housing Wire

AUGUST 20, 2023

Last week, mortgage rates hit a 21st-century high, the 10-year yield closed slightly higher than my peak forecast for 2023 , and housing inventory growth was still slow. Purchase application data didn’t budge much on the week-to-week data. Weekly active listings rose by only 4,401. Mortgage rates went from 7.19%% to 7.37%. Purchase apps were flat week to week.

Mortgages 370

Mortgages Sales Closing As-is 370

Keeping Current Matters

AUGUST 24, 2023

There’s been talk about a recession for quite a while now.

Marketing 223

Marketing 223

Inman

AUGUST 23, 2023

The Kossev Group founder Katie Kossev will be responsible for helping Side's 60 Texas partners grow their businesses through hands-on coaching and support, the company said.

Industrial 148

Industrial Brokerage 148

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

Real Estate News

AUGUST 22, 2023

Researchers from Zillow, Freddie Mac, and Goldman Sachs all issued revised, rising 2023 home value and price forecasts in the past week.

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Housing Wire

AUGUST 25, 2023

Zillow ‘s mortgage arm launched a down payment assistance program where the company will cover 2% of the borrower’s down payment at closing, allowing buyers to pay just 1% upfront. The program is available for eligible borrowers in Arizona and will expand to additional markets, Zillow Home Loans said in a release. The 2% portion of the down payment will be paid during closing and not as a payment to the borrower. “For those who can afford higher rent payments but have been held

Loans 370

Loans Mortgages Closing Agents 370

Eye on Housing

AUGUST 24, 2023

The residential remodeling market has grown rapidly in the past few years, mainly fueled by changes in housing and lifestyle decisions during the pandemic period. According to National Income and Product Accounts (NIPA), expenditures for residential home improvements soared 13% to $328 billion in 2021, from $289 billion in 2020. This marks the largest gain since 1993 (16% increase).

Loans 98

Loans Residential Marketing Construction 98

Inman

AUGUST 23, 2023

MBA forecasters expect rates to ease and sales to rise next year, but Fannie Mae economists predict home sales will remain subdued even if the Fed pulls off a soft landing.

Sales 148

Sales Land Mortgages Marketing 148

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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

Real Estate News

AUGUST 20, 2023

Red Oak Realty CEO Vanessa Bergmark has clear goals for growth — and for finding and keeping great agents, no matter the market.

Agents 240

Agents Marketing 240

Housing Wire

AUGUST 24, 2023

Shares of Better Home & Finance Holding , the parent of digital lender Better.com, collapsed during its debut on Nasdaq Thursday. The company went public after merging with the special purpose acquisition company (SPAC) Aurora Acquisition Corp. the prior day. Better’s class A common stock, listed under the ticker “BETR,” declined to $1.15 at the closing on Thursday.

Purchase and sale agreement 370

Purchase and sale agreement Title Mortgages Equity 370

Brownstoner

AUGUST 24, 2023

An affordable housing lottery has launched for 18 apartments in the under-construction Grand Pacific complex on the corner of Pacific Street and Grand Avenue in Crown Heights. The eight-story, 69-unit building with curved facade and swanky amenities is the result of an unusual deal brokered between the local community board… Read More > The post Affordable Housing Lottery Opens in Crown Heights for 18 Units Starting at $735 a Month appeared first on Brownstoner.

Construction 98

Construction Marketing 98

Inman

AUGUST 23, 2023

As mortgage rates hit new post-pandemic highs on inflation worries, an MBA survey finds applications for purchase loans fell for the sixth consecutive week last week and are down 30 percent from a year ago.

Mortgages 147

Mortgages Loans Sales Marketing 147

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