Realty Biz

OCTOBER 17, 2022

The real estate industry is one of the many industries being disrupted by artificial intelligence (AI). From chatbots to predictive analytics, AI is changing the way real estate agents do business. Here's a look at how AI is impacting the real estate industry and what agents need to do to stay ahead of the curve. What is AI? Artificial intelligence sounds futuristic, no doubt influenced by popular culture.

Industrial 124

Industrial Investor Technology Commercial 124

Housing Wire

OCTOBER 19, 2022

In June of this year, I raised the fifth recession red flag , putting the housing market in a traditional recession where sales, incomes, jobs, and production would be falling, which is happening now. And unfortunately, one of those productions items is housing completions data — which looks terrible in the latest report. As someone concerned about the housing inflation story since inventory channels broke to all-time lows in 2020, I am frustrated by this housing completion data.

Mortgages 531

Mortgages Construction Sales As-is 531

Keeping Current Matters

OCTOBER 18, 2022

Over the past two years, the substantial imbalance of low housing supply and high buyer demand pushed home sales and buyer competition to new heights.

Sales 290

Sales Marketing 290

BubbleInfo

OCTOBER 20, 2022

Thanks to Mike for pointing out that comparing 2022 data to last year isn’t really fair: The pandemic years, especially 2021, were a strange aberration where everyone moved, house prices skyrocketed, and nearly every real estate business posted record revenues. Why it matters: 2022 is constantly being compared to 2021, which was anything but normal, […].

Marketing 94

Marketing 94

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

Lighter Side of Real Estate

OCTOBER 18, 2022

By law, real estate commissions are negotiable. So you certainly have the right to ask a real estate agent if they’re willing to agree to a lower fee than they’re asking you to pay. Just know that some agents may be willing to accept a lower commission, while others won’t budge. But before you dismiss an agent who doesn’t budge, and sign on the dotted line with one who does, there are a few things you might not be aware of that you should consider.

Agents 111

Agents As-is Closing Marketing 111

Real Trends

OCTOBER 20, 2022

The market may be difficult right now, but there are still opportunities to be had for those willing to work for them. “2023 is either going to be the worst year ever if you don’t pay attention or it’s going to be the biggest year of your entire career,” said Ryan Serhant, CEO, broker and founder of SERHANT. “But you have to actually work at it.”. In his keynote at HousingWire Annual earlier this month, Serhant shared tactics and insights on seizing opportunities and creating growth in a changin

Marketing 76

Marketing Renovation Brokerage Sales 76

Marco Santarelli

OCTOBER 16, 2022

What is Passive Real Estate Investing? Passive real estate investing is a way to invest in real estate to augment income considerably well without having to necessarily stress out one’s self. You are not actively involved in generating profits or income from real estate; you are a passive investor. Passive real estate investing is when you hire or contract a real estate company to help you in finding and manage investment properties for you.

Investor 98

Investor Property Management Equity Banks 98

Housing Wire

OCTOBER 17, 2022

Freddie Mac today announced it will include a review of borrowers’ bank account data to identify a history of positive monthly cash-flow activity as part of its loan purchase eligibility assessments, according to a release shared with HousingWire. The organization says this move is intended to increase homeownership opportunities, and will be available to mortgage lenders through its automated underwriting system Loan Product Advisor (LPA), beginning on Nov. 6.

Banks 482

Banks Loans Industrial Mortgages 482

Keeping Current Matters

OCTOBER 19, 2022

While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still high, remaining around 8%.

Marketing 294

Marketing 294

Eye on Housing

OCTOBER 19, 2022

Single-family housing starts declined further in September as high mortgage rates, ongoing building material production disruptions and flagging demand stemming from rising affordability challenges continue to put a damper on new home production. Overall housing starts decreased 8.1% to a seasonally adjusted annual rate of 1.44 million units in September, according to a report from the U.S.

Mortgages 133

Mortgages 133

Advertisement

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

Maximum Exposure Real Estate

OCTOBER 17, 2022

The Cost For a Home Inspector Do you know the cost of a home inspection and whether it is worth it? Even though no one wants to spend more fees than they need to, saving money by not having your new home inspected isn’t recommended. The home inspection report will reveal the property’s condition and […]. The post How Much Does a Home Inspection Cost?

Inspection 130

Inspection 130

Housing Wire

OCTOBER 20, 2022

Real estate investors purchasing distressed properties at foreclosure auction have been telegraphing a possible housing market slowdown for the last six months. A deeper dive into foreclosure buyer behavior shows which markets are most likely to see a home price correction in the next six months. Foreclosure auction buyers started bidding more conservatively in the second quarter of 2022, as measured by proprietary data from the Auction.com marketplace.

Marketing 459

Marketing Investor Renovation As-is 459

Keeping Current Matters

OCTOBER 21, 2022

Some Highlights. If you’re planning to sell your house this year, you likely have questions about what the shift in the housing market means for your home sale. You might be wondering: Should I wait to sell? Are buyers still out there? And can I afford to buy my next home? Connect with a trusted real estate professional so you can get answers to these questions and learn about the opportunities you still have in today’s housing market.

Sales 244

Sales Marketing 244

Eye on Housing

OCTOBER 18, 2022

In a further signal that rising interest rates, building material bottlenecks and elevated home prices continue to weaken the housing market, builder sentiment fell for the 10th straight month in October and traffic of prospective buyers fell to its lowest level since 2012, with the exception of two months during the Spring of 2020. Builder confidence in the market for.

Marketing 133

Marketing 133

Advertisement

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

GeekEstate

OCTOBER 20, 2022

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: TurboTenant]. The ever-evolving rental world can be daunting for the DIY landlord. From marketing properties online to automating rental payments to screening tenants and more, TurboTenant centralizes tools to simplify finding and retaining tenants for independent landlords, real estate investors, and property managers.

Property Management 126

Property Management Investor As-is Marketing 126

Housing Wire

OCTOBER 19, 2022

As mortgage rates rose to nearly 7% and builder sentiment dipped to painfully low levels in September, housing starts also declined, dropping 8.1% from August , to a seasonally adjusted annual rate of 1.564 million, according to a report released Wednesday by U.S. Census Bureau and the U.S. Department of Housing and Urban Development. On a year over year basis, September’s annual housing start rate was down 7.7%.

Construction 467

Construction New Construction Development Residential 467

Keeping Current Matters

OCTOBER 20, 2022

As the housing market cools in response to the dramatic rise in mortgage rates, home price appreciation is cooling as well.

Mortgages 290

Mortgages As-is Marketing 290

Eye on Housing

OCTOBER 17, 2022

Over the first eight months of 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 728,866. On a year-over-year (YoY) basis, this is 6.0% below the August 2021 level of 775,772. Year-to-date ending in August, single-family permits declined in all four regions. The South posted a modest decline of 3.9%, while the Midwest region reported the steepest.

Construction 131

Construction Marketing 131

Advertisement

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

Realty Biz

OCTOBER 19, 2022

Buying or selling a home isn't easy, with potential problems before you close. The home inspection is part of the process that can lead to problems, but what does a home inspector do? The home inspection is the buyer's opportunity to get a professional opinion on the home's condition. If you are unsure about what does a home inspection cover, we take a look so that you are better informed.

Inspection 123

Inspection Inspection contingency Agents As-is 123

Housing Wire

OCTOBER 19, 2022

With interest rates now at 14-year highs, the cost of homeownership is becoming an issue for most prospective home buyers. HousingWire recently spoke with Mike Darne, vice president of marketing at CreditXpert, about how mortgage lenders can leverage credit to help make homeownership more affordable. HousingWire: With interest rates at 14-year highs, what kind of pressure does that put-on housing affordability?

Mortgages 459

Mortgages Loans Loan Officer As-is 459

Keeping Current Matters

OCTOBER 17, 2022

With higher mortgage rates, you might be wondering if now's the best time to buy a home.

Mortgages 286

Mortgages 286

Eye on Housing

OCTOBER 21, 2022

Median square foot prices (excluding record-high improved lot values) for new for-sale single-family detached (SFD) homes started in 2021 increased 19%, according to NAHB’s analysis of the latest Survey of Construction data. Increases for square foot prices in new custom SFD homes were more moderate, averaging 5%. Median sale and contract prices per square foot of floor area went up.

Construction 119

Construction Sales 119

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

Fancy Pants Homes

OCTOBER 19, 2022

World-champion boxer Sugar Ray Leonard is once again floating his spectacular Pacific Palisades compound on the market, this time asking $45 million for the 1.7-acre property. The former professional boxer, who had a legendary 20-year career during which he won world titles in five weight classes, made history as the first in his sport to earn more than $100 million in prize money.

Marketing 119

Marketing Design Title Residential 119

Housing Wire

OCTOBER 20, 2022

Mortgage rates have more than doubled from the beginning of the year and homebuyers facing affordability challenges are increasingly turning to adjustable-rate mortgages (ARMs) to reduce their monthly payments. The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage rose two basis points from last week to 6.94% , slowing its upward trajectory this week.

Mortgages 435

Mortgages Fixed-rate mortgage Loans Construction 435

HomeLight

OCTOBER 17, 2022

Disclaimer: Links and mentions of retirement communities in this post do not constitute an endorsement. Price ranges, services, and amenities can change — please visit a community’s website for the most up-to-date information. HomeLight always recommends doing your own research to determine which community destination is best for your situation. Retirement is an intimately personal matter.

Development 115

Development Agents As-is Land 115

Eye on Housing

OCTOBER 20, 2022

As rising mortgage rates continue to cool the housing market, the volume of existing home sales has declined for eight consecutive months as of September, according to the National Association of Realtors (NAR). The average 30-year fixed mortgage interest rate has increased from 3.11% at the start of the year to 6.

Sales 119

Sales Mortgages Marketing 119

Advertisement

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 21, 2022

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Petosky, Michigan | Harbor Sotheby’s International Realty. The superlatively priced Walloon Lake home has a golf simulator, a full-size bar and a boathouse. Lavish Lake House Selling for $18 Million, Tying for Michigan’s Most Expensive Listing – Mansion Global.

Design 111

Design Agents Sales Marketing 111

Housing Wire

OCTOBER 20, 2022

Online bank Ally Financial recorded a $136 million impairment related to its investment in struggling digital mortgage lender Better.com , bank executives said Wednesday during the company’s third-quarter earnings call. The bank disclosed to shareholders and analysts that the $136 million impairment was a “nonmarketable equity investment” related to its mortgage business. “Following the impairment, our investment has a remaining carrying value of $19 million, so this has

Banks 435

Banks Mortgages Equity Investor 435

HomeLight

OCTOBER 20, 2022

DISCLAIMER: As a friendly reminder, this blog post is meant to be used for educational purposes, not legal advice. If you need assistance navigating the legalities or requirements attached to selling your home without a Realtor®, HomeLight always encourages you to reach out to your own advisor. For Sale By Owner (FSBO). Traditionally, only about 7%-8% of homeowners go the solo route in selling their homes.

Purchase and sale agreement 111

Purchase and sale agreement Pre-approval Inspection Title 111

Fancy Pants Homes

OCTOBER 21, 2022

Whether we like it or not, our homes — be it the way they’re decorated, styled, and maintained — say a lot about our personality. If you too would like your interiors to be a more accurate representation of your style and quickly add a touch of class and sophistication to your home, you should consider getting a wall paneling kit. It will allow you to easily add style to your home without spending a lot of money.

Renovation 110

Renovation Construction Design As-is 110

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