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 237
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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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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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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 214
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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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Savvy real estate agents look beyond ChatGPT

Housing Wire

Too many real estate agents are watching artificial intelligence (AI) from the sidelines, assuming technology will never replace them. They repeat the mantra “Home buyers and sellers will always need a real estate agent.” Yet, even the most brilliant leaders in AI have a difficult time envisioning how AI will transform the world in five years. So how can real estate agents be so cavalier about their job?

Agents 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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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 235
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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 246
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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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MMI acquires CRM platform Bonzo 

Housing Wire

Mobility Market Intelligence (MMI), a data intelligence and market insight tool provider for the mortgage and real estate industries, has acquired Bonzo – a relationship management and mortgage marketing platform. Ohio-headquartered Bonzo will operate as an independent service provider that is led by the current leadership team, which includes co-founder and president Jason Perkins, co-founder and COO/CRO Miles Miller, and CEO Chad Jampedro.

MLS 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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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 244
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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 237
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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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If mortgage rates fall to 5%, the housing market could get interesting

Housing Wire

Homeowners with a mortgage rate above 5% are nearly twice as likely to say that they plan to sell their home than those paying a rate below 5%, according to Zillow’s quarterly survey report. Additionally, the survey found that about 80% of mortgage holders reported having a rate of less than 5%, while 90% reported having a rate of less than 6%.

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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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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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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Mr. Cooper moves closer to $1 trillion MSR portfolio target

Housing Wire

Dallas, Texas-based Mr. Cooper Group on Tuesday announced it has completed the acquisitions of Home Point Capital and Roosevelt Management Company. With the deals, Mr. Cooper has moved closer to its $1 trillion mortgage servicing rights (MSR) portfolio target. Mr. Cooper concluded on Monday a tender offer for Home Point’s outstanding shares after extending the deadline twice.

Principal 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 218
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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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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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Indie brokerage Nationwide Real Estate Executives joins eXp Realty

Housing Wire

Daryl Owen , the founder of top California independent brokerage Nationwide Real Estate Executives , is joining eXp Realty and taking 200 agents along with him. In 2022, his team closed $887 million in sales on 1,091 transactions, with an average home price of $740,000, eXp said in a statement Wednesday. RealTrends couldn’t independently confirm those figures; NRE has not submitted data to the RealTrends brokerage rankings since 2019.

Brokerage 370
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The Broker Action Plan for the Post-NAR Lawsuit Landscape

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.

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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 207
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Tech Bytes: News from SentriLock, CubiCasa, Compass, more

Real Estate News

SentriLock signs Alabama associations; CubiCasa adds 10 MLS partners; Compass unveils Performance Tracker; Far Homes releases Mexico financing tool; more.

MLS 212
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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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Homebuilders are at max capacity. And the housing shortage keeps widening

Housing Wire

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.

Land 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.