Sat.Apr 22, 2023 - Fri.Apr 28, 2023

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Housing Market Tracker: Inventory finally rises

Housing Wire

Can we now say that the housing market ‘s spring selling season is finally underway? Since 2020, the seasonal bottom for housing inventory has arrived several months later than normal, making it more complicated to track housing inventory data. Still, we have some promising signs that we might have finally hit the inventory bottom for 2023. We didn’t see too much volatility in mortgage rates last week, but purchase apps declined in reaction to rates rising two weeks ago.

Marketing 545
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The Power of Pre-Approval

Keeping Current Matters

If you’re buying a home this spring, today’s housing market can feel like a challenge.

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Here’s every AI platform real estate agents need to know about in 2023

Inman

Tools such as ChatGPT and DALL-E have opened the artificial intelligence floodgates and promise to permanently transform the way agents operate. But there's so much more to explore.

Agents 174
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Newer brokerages take top spots in Mega 1000 rankings

Real Estate News

Several of the top brokerages in T3 Sixty's Mega 1000 list were founded after 2000, including top-ranking Compass.

Brokerage 335
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The 2025 Real Estate Roadmap to Success

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.

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Brokers to Offer a Reality Check on 2023

RIS Media

As we headed into 2023, brokers braced for impact, ready to confront the challenges—and surprises—that lay ahead for residential real estate. Now, as we approach the year’s midway point, it’s time to assess how business has unfolded so far and reframe what’s in store for the next six months and beyond. During RISMedia’s Annual Power… The post Brokers to Offer a Reality Check on 2023 appeared first on RISMedia.

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7 Ways to Take Your Real Estate Business To The Next Level

Realty Biz

With a number of brokers and businesses battling for clients and seeking to close agreements, real estate is a cutthroat industry. It's crucial to consistently research new techniques and strategies that can advance your real estate firm if you want to stay competitive and expand. We'll go through seven easy ways to improve your property firm in this article.

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Buying a Fixer-Upper

Windemere Buying

For some home buyers, a fixer-upper is their idea of a dream home. However, the process of buying a fixer-upper comes with additional responsibilities compared to properties in better condition or new construction homes. Preparing for the process comes down to creating a remodeling plan, knowing what to look for when searching for listings, and understanding what financing options are available.

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Here Is EVERYTHING You Need To Know About EXPCON 2023

Kyle Handy

EXPCON is a 4-day event hosted by eXp Realty every year, bringing together thousands of agents worldwide, including those not yet affiliated with eXp Realty. The 2023 conference is scheduled for October 2nd – 5th and will be held at the Mandalay Bay Resort and Casino in Las Vegas, Nevada. eXp Realty is a cloud-based real estate brokerage where agents primarily work within the company’s virtual office, eXp World.

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How to make a fading office building into a high-rise apartment

Seattle Times Real Estate

Converting office buildings into housing is less like a sweeping fix and more like a set of intricate puzzles — a different one for each building.

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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.

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New home sales proving Wall Street was wrong 

Housing Wire

Why are the homebuilder stocks up so much? Don’t they know the new home sales apocalypse is here? You know, the one that says we have too much inventory and millions of vacant homes in the U.S.? According to this theory, we have more homes under construction than any time in history. The truth is, it’s not 2008 all over again. I understand the lure of the housing 2008 story.

Sales 501
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More buyers believe they can find an affordable home

Real Estate News

A new trends survey found that while most buyers still have trouble finding homes that fit their budget, more are optimistic about their chances.

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What Are the Experts Saying About the Spring Housing Market?

Keeping Current Matters

The housing market’s been going through a lot of change lately, and there’s been uncertainty surrounding what will happen this spring.

Marketing 260
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Highlights from Sotheby’s biggest brand networking event ever

Inman

The event, which took place at The Wynn in Las Vegas, facilitated networking, relationship-building and education across about 3,000 of the brand's agents, brokers and staff.

Branding 167
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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.

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Wells Fargo teams up with Dallas megachurch to build “inclusive communities”

Housing Wire

Wells Fargo and T.D. Jakes Group announced a 10-year partnership aimed at “revitalizing neighborhoods” and creating long-term change in communities most in need. The announcement comes a year after Bloomberg reported that only 47% of Black homeowners who completed a refinance application with Wells Fargo in 2020 were approved, compared with 72% of white homeowners.

Lending 459
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Sherry Chris steps down as leader of BHGRE and ERA

Real Estate News

Sherry Chris, president and CEO of the Anywhere Expansion Brands portfolio, is retiring from brand leadership and will transition to an advisory role.

Branding 274
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Ways To Overcome Affordability Challenges in Today’s Housing Market [INFOGRAPHIC]

Keeping Current Matters

With so few homes on the market right now, widening the scope of your search to include nearby areas could help you find more options in your budget. You can also work with a trusted lender to consider alternative financing options and search for down payment assistance.

Marketing 254
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And the cheapest state to buy a home is…

Inman

Although median home price growth has slowed from its once-maniacal pace, purchasing a home is still an expensive feat as existing-home prices reached $375,700 in March. Inflation and elevated mortgage rates have created additional financial pressure and placed homebuyers on precarious hunts for affordable homes — even if they have to switch their area codes.

Brokerage 167
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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.

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FedNow: instant payments or instant fraud?

Housing Wire

Being able to close on a home at any time on any day of the year has long been a pipe dream, but the Federal Reserve ’s new FedNow instant payment system looks to be making that dream a reality. However, before one gets too excited, the title insurance industry is asking if it really is worth sacrificing security for speed. “There is the obvious perceived benefit of faster payment and they are touting that it will be cheaper than wire transfers , and of course you no longer have to worry about m

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Cash offers are up, profits are down — but some metros are thriving

Real Estate News

While these trends can bring challenges, understanding local market dynamics can help buyers and sellers be more competitive.

Marketing 274
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The Three Factors Affecting Home Affordability Today

Keeping Current Matters

There’s been a lot of focus on higher mortgage rates and how they’re creating affordability challenges for today’s homebuyers.

Mortgages 254
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The market where rents rise faster than even New York

Inman

As uncomfortable as New York City's rent hikes feel to many tenants now, they don't compare to the soaring prices of Singapore's prime rental market, The Wall Street Journal reported.

Marketing 167
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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.

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Pending home sales fall 5.2% in March

Housing Wire

For the first time since November 2022, pending home sales fell in March, posting a 5.2% month-over-month decrease, according to data released Thursday by the National Association of Realtors (NAR). The monthly drop resulted in the Pending Home Sales Index recording a reading of 78.9, down 23.3% year over year. An index of 100 is equal to the level of contract activity in 2001.

Sales 459
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Buckle up: More buyers may be on the way

Real Estate News

A new survey from the National Association of Home Builders found a significant increase in the number of adults who plan on buying a home this year.

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Why Today's Foreclosure Numbers Are Nothing Like 2008

Keeping Current Matters

You’ve likely seen headlines about the number of foreclosures climbing in today’s housing market.

Marketing 253
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REX gets OK to question Zillow CEO Rich Barton in antitrust suit

Inman

Judge Thomas Zilly denied Zillow's motion for a protective order, saying CEO Rich Barton must complete three hours of questioning from REX's counsel about the company's "Project Bookshelf.

Brokerage 167
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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.