Housing Wire

AUGUST 2, 2023

Despite a $35 million net loss in the second quarter, Zillow saw a slight annual increase in revenue to $506 million, beating Wall Street’s estimates. As a result, the company’s executives told investors and analysts that they were pleased with the firm’s second quarter performance, especially in touring, financing, and renting. “Zillow outperformed the broader industry for the fourth consecutive quarter as we navigate a tough real estate market,” said Zillow cofounder and CEO Rich Barton

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Keeping Current Matters

AUGUST 3, 2023

When you read about the housing market in the news, you might see something about a recent decision made by the Federal Reserve (the Fed).

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RIS Media

AUGUST 3, 2023

The Institute’s Luxury Market Report serves as your guide for analyzing trends and comparative data in the top residential markets across Canada and the United States. The report for July provides a review of the current statistics for the luxury market in North America on a month-over-month basis, as well as the 13-month trend. As… The post July Report: North American Luxury Market Remains Strong for Sellers appeared first on RISMedia.

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Inman

AUGUST 3, 2023

"Catching Real right now is like catching a wave," Kofi Nartey said. He sees the brokerage's sweeping growth and adoption of technology as the way of the future.

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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.

Development

The Close

AUGUST 3, 2023

A real estate domain is your online identity—the name (or technically the address) of your website, your www. hereiamworldreadytosellrealestate.com. It’s what people will type in to find you on the World Wide Web. It’s unique to you and should be a part of your overall branding and marketing strategy. When it comes to choosing great real estate domain names, our friend Bruce Ailion is hard to beat.

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Realtors Property Resource

AUGUST 1, 2023

In this class, we’ll review how to use the Realtors Valuation Model® (RVM®) to get a quick estimate of a property’s value. From there, we’ll dive into additional RPR pricing tools to help you create an in-depth valuation of any property. The post Accurate Property Pricing with RPR CMA Tools appeared first on Realtors Property Resource (RPR).

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Realty Biz

AUGUST 2, 2023

Best Tips for Quickly Selling a Home When selling your home quickly, utilizing the best methods is essential. This involves setting the right price that attracts potential buyers and making necessary repairs and enhancements to enhance its appeal. In my experience as a real estate agent over the last thirty-plus years, many homeowners will search " sell my house fast " for the best-selling strategy.

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Real Estate News

AUGUST 3, 2023

Amid falling revenue and elusive net profits, the company plans to pilot a program to give agents "the lion’s share of the commission on self-sourced sales.

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Brownstoner

JULY 30, 2023

The most popular listings on Brownstoner this week include a semi-detached house in Bay Ridge, a Park Slope brownstone, and a West Midwood standalone. Bay Ridge was popular this week with other listings scattered around the borough. The least expensive on the list is a Bay Ridge row house at $915,000… Read More > The post Top 10 Brooklyn Real Estate Listings: A Bay Ridge Row House, a Clinton Hill Brownstone appeared first on Brownstoner.

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Housing Wire

AUGUST 4, 2023

Redfin was in the red yet again in the second quarter , but its losses are narrowing and it’s tweaking its unique brokerage model to court more experienced agents in pricey coastal areas. Redfin’s financials Revenues at Redfin fell 21% year-over-year to $275.6 million, down from $606.9 million a year earlier. The brokerage and portal’s real estate services division, its principle source of revenue, dropped to $180.6 million, a 28% decline.

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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

Keeping Current Matters

AUGUST 2, 2023

If you’re trying to decide if you’re ready to buy a home, there’s probably a lot on your mind.

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Marketing 246

Real Estate News

AUGUST 4, 2023

Nearly a quarter of homeowners are considering selling in the next 3 years, according to a Zillow survey — a significant increase over prior surveys.

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Inman

AUGUST 4, 2023

Over nearly three decades, these are the lessons that Jimmy Burgess has put into practice to grow. Put them to work for your business.

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Brokerage Agents 148

Housing Wire

AUGUST 4, 2023

Achieving success as a real estate agent requires more than simply understanding the mechanics of the job. Yes, you should certainly be able to post an impressive listing and understand the ins and outs of closing, but helping buyers and sellers means cultivating a diverse set of skills to navigate a complex and ever-changing real estate market. Here are 10 essential skills every real estate agent should possess. 1.

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Agents Technology Loan Officer Closing 370

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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

Keeping Current Matters

AUGUST 1, 2023

Many homeowners thinking about selling have two key things holding them back.

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Real Estate News

AUGUST 4, 2023

The Midwestern MLS, which covers parts of Missouri and Illinois, is investing in REdistribute, a data revenue-share program.

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MLS 246

Inman

AUGUST 4, 2023

The company intends to prepare agents and homeowners for the "millions of new high-performing homes improved through the Inflation Reduction Act (IRA)," according to an announcement.

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Housing Wire

AUGUST 4, 2023

Mortgage rates are finally headed lower after a crazy week of jobs data showing that the economy isn’t going into recession. Job growth is slowing as we get closer and closer to the target range of the make-up demand in labor, but it hasn’t broken yet. What do I mean by a make-up demand in labor? Assuming we had no COVID-19 and the economy continued as it had been — which was running at the most prolonged economic and job expansion ever recorded in history — we would be between 157 million ̵

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Mortgages Staging As-is Closing 370

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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.

Sales

Keeping Current Matters

JULY 31, 2023

While this isn’t the frenzied market we saw during the ‘unicorn’ years, homes that are priced right are still selling quickly and seeing multiple offers right now.

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Marketing 246

Real Estate News

AUGUST 3, 2023

The company reported a net income of $9.4 million, slightly below expectations, while its agent count grew by 7%.

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Agents 246

Inman

AUGUST 4, 2023

If, as an industry leader, you only care about female agents' production, and not their safety, think about what that makes you. We already know who you are.

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Housing Wire

AUGUST 4, 2023

eXp World Holdings faced headwinds in the second quarter, as persistently slow real estate sales drove the company’s revenue down 13% year-over-year to $1.2 billion, executives disclosed on Thursday. Despite the decline in revenue, the holding company for eXp Realty maintained profitability with a net income of $9.4 million, up from $1.5 million in the first quarter of 2023 and $9.3 million in Q2 2022.

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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.

Brokerage

Keeping Current Matters

AUGUST 4, 2023

Want to know what experts say will happen in the rest of 2023?

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Marketing 244

Real Estate News

AUGUST 3, 2023

Freddie Mac put the average 30-year fixed-rate mortgage at 6.9% this week, just below the peak seen in mid-July.

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Fixed-rate mortgage Mortgages 246

Inman

AUGUST 4, 2023

Home transactions may be down, but you wouldn't know it from most brokerage payrolls. Real estate hiring churned along in July, according to new data from the U.S. Bureau of Labor Statistics.

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Housing Wire

AUGUST 4, 2023

Coldwell Banker Premier announced a merger with Coldwell Banker Professional Real Estate Services along with all of its sales associates, which further expands Coldwell Banker Premier’s office footprint into Cumberland, Maryland, and surrounding markets. This is the sixth merger by Coldwell Banker Premier since the beginning of 2022. Coldwell Banker Premier was named a 2023 RealTrends GameChanger for its 76% transaction side percentage growth over five years (2018-2022.

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Agents Sales As-is Marketing 370

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

Keeping Current Matters

AUGUST 4, 2023

Want to know what experts say will happen in the rest of 2023?

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Marketing 242

Real Estate News

AUGUST 3, 2023

The Eighth Circuit Court of Appeals upheld a ruling denying HSA’s motion to force arbitration in the Sitzer/Burnett case, scheduled for trial in October.

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Inman

AUGUST 4, 2023

EXp's revenue fell 13 percent from the second quarter of 2022 to $1.2 billion, and its gross profit decreased 10 percent to $96.5 million, according to an earnings call Thursday afternoon.

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Housing Wire

AUGUST 3, 2023

Aerial drone inspection of Lennar’s Westview housing development Miami, Florida. Taken by Felix Mizioznikov. Everywhere you look there seems to be bad news for the existing-home market — interest rates remain north of 7% and the median home price nears record levels at more than $410,000 as of June. The dynamics creating that dour landscape for perspective homebuyers eying existing homes are at the same time helping to boost another sector of the home market, however.

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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