Sat.Jul 29, 2023 - Fri.Aug 04, 2023

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For Zillow, 2023 is the year of execution

Housing Wire

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

Finance 370
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How Inflation Affects Mortgage Rates

Keeping Current Matters

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).

Mortgages 234
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July Report: North American Luxury Market Remains Strong for Sellers

RIS Media

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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‘Catching a wave’: Nartey brings Globl RED to The Real Brokerage

Inman

"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.

Brokerage 148
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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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14 Expert Tips to Choose a Great Real Estate Domain Name (+ Name Generator)

The Close

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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Accurate Property Pricing with RPR CMA Tools

Realtors Property Resource

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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Best Methods For Quickly Selling Your Home

Realty Biz

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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Redfin to change up agent recruiting, splits as losses continue

Real Estate News

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.

Agents 206
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Top 10 Brooklyn Real Estate Listings: A Bay Ridge Row House, a Clinton Hill Brownstone

Brownstoner

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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Redfin looks to experiment with a new brokerage compensation model

Housing Wire

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.

Brokerage 370
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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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How To Know If You’re Ready to Buy a Home

Keeping Current Matters

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

Marketing 243
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Agents Decoded: It's time to get serious about agent safety

Real Estate News

Amid a new wave of reports of the dangers of working as a real estate agent, Jay Thompson says the industry must take steps to improve safety for all agents.

Agents 245
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Compass hires former Better Homes and Gardens agent

Inman

Joseph Magsaysay will join Compass' leadership as the brokerage looks to enhance its luxury presence in Silicon Valley. Magsaysay said he's developed a "people first" leadership strategy.

Agents 148
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10 essential skills real estate agents should possess

Housing Wire

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.

Agents 370
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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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Sellers: Don’t Let These Two Things Hold You Back

Keeping Current Matters

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

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Why MLSs should play up their value to consumers

Real Estate News

Emily Chenevert, CEO of ABoR and the newly rebranded Unlock MLS, wants Austin buyers and sellers to associate "MLS" with more than just soccer.

MLS 231
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Lamacchia Realty expands with acquisitions across Massachusetts

Inman

In the last month, the East Coast-based brokerage has made two strategic acquisitions as the company works to bolster its presence in southeastern Massachusetts and Rhode Island.

Brokerage 148
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Mortgage rates fall after softer labor data

Housing Wire

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 ̵

Mortgages 370
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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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Pricing Your House Right Still Matters Today

Keeping Current Matters

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.

Marketing 233
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Zillow-Redfin build on partnership with new construction listings

Real Estate News

The two former rivals and popular home-search sites extend their connection beyond 3D Home, with Redfin calling Zillow listings “a new revenue opportunity.

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FOMO Alert: 74 things to expect next week at Connect Las Vegas

Inman

With Inman Connect Las Vegas rapidly approaching, Inman founder Brad Inman offers his notes, compiled over two decades, on what attendees should expect at this year's conference next week.

Brokerage 148
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eXp makes a $9.4M profit in Q2 despite headwinds

Housing Wire

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.

Brokerage 370
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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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Housing Market Forecast for the Rest of 2023 [INFOGRAPHIC]

Keeping Current Matters

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

Marketing 214
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New CEO addresses San Diego Realtors amid turmoil

Real Estate News

In a letter to members, Cory Shepard vowed to lead the organization into a new chapter after the former CEO was accused of embezzlement.

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Timothy Di Prizito joins AKG | Christie’s International Real Estate

Inman

The former GM of Joyce Rey's team at Coldwell Banker said he is ready to spread his wings and likes what he sees when it comes to Aaron Kirman's success in growing his team, Di Prizito exclusively told Inman.

Brokerage 148
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Va.-based Coldwell Banker Premier expands to Maryland

Housing Wire

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.

Agents 370
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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.

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Housing Market Forecast for the Rest of 2023 [INFOGRAPHIC]

Keeping Current Matters

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

Marketing 204
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More listing opportunities may be on the horizon

Real Estate News

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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Trophy properties are all the rage right now, Jonathan Spears says

Inman

Ahead of his appearance at Inman Luxury Connect, the Spears Group founder told Inman demand for trophy properties or highly unique listings is at an all-time high throughout North Florida.

Agents 148
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LOs: Turn data assets into origination opportunities

Housing Wire

Rates are high, housing inventory is down, and competition for new originations is fierce. Leaders across mortgage and banking are turning to their marketing partners with some variation of the same ask: “We need to improve the effectiveness and profitability of our campaigns, increase originations, and oh, by the way, budgets have been slashed — so any ideas better be cost-effective.

Banks 370
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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.