Broke Agent Media

JANUARY 24, 2023

Do you want to jump your conversion percentage and make it predictable and scalable? I’ve got a technique that’s gonna blow your mind. Here’s what we know about real estate agents: They don’t follow up enough. The average real estate agent follows up 2.7 times (not even 3). And, thanks to some advanced research with a couple of partners and our advisors, there’s a number I’m going to give you that will blow your mind.

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Real Trends

JANUARY 23, 2023

At the onset of the COVID-19 pandemic nearly three years ago, real estate agents across the country began preparing for the worst. “When COVID first started I thought we would all be sitting around doing nothing,” Katie French, a Hartford, Connecticut -based Coldwell Banker agent, said. “I thought it was going to come to a screeching halt.” Instead, the exact opposite happened.

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Agents Brokerage Marketing Land 105

Keeping Current Matters

JANUARY 25, 2023

If you’ve seen recent headlines about foreclosures surging in the housing market, you’re certainly not alone. There’s no doubt, the stories in the media can be pretty confusing right now. They may even make you think twice about buying a home for fear that prices could crash. The reality is, the data shows a foreclosure crisis is not where the market is headed, and understanding what that really means is mission critical if you want to know the truth about what’s happening today.

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Marketing 271

Eye on Housing

JANUARY 26, 2023

While new home sales posted a modest gain in December, elevated mortgage rates and higher construction costs continue to hinder housing affordability and put a damper on consumer demand. The U.S. Department of Housing and Urban Development and the U.S. Census Bureau estimated sales of newly built, single-family homes in December at a 616,000 seasonally adjusted annual pace, which is.

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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

Kyle Handy

JANUARY 26, 2023

eXp Realty Revenue Share is an exciting opportunity for real estate agents, brokers, and team leaders from all over the country to build an additional income stream while still earning commissions from selling real estate. eXp Realty is a cloud-based real estate brokerage with no brick-and-mortar offices worldwide. Because of this, eXp Realty’s overhead is significantly lower than traditional brokerages.

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Realty Biz

JANUARY 26, 2023

When you sign a lease agreement to rent a property, the landlord will ask for what is called a rental bond. This is an amount of money that the tenant pays to the landlord as security against any damage they may do to the property during their tenancy. In this blog post, we will explain what rental bonds are and what they mean for tenants. What Are Rental Bonds and Why Are They Important?

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Due diligence Lending As-is Residential 85

Maximum Exposure Real Estate

JANUARY 26, 2023

Disputing Low Appraisal Values Are you wondering how to appeal an appraisal? An appraisal appeal is not all that uncommon in real estate. Real Estate appraisers don’t always see eye to eye on what a buyer and seller feel a property is worth. Unfortunately, the appraisal is one of the most important factors dictating what […] The post How to Appeal or Dispute an Appraisal in Real Estate appeared first on Maximum Real Estate Exposure.

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Housing Wire

JANUARY 25, 2023

As mortgage rates continue to decline, Chad Earnest’s mantra with his referral partners in 2023 is “no buyer left behind.” The Montgomery, Texas-based area manager, who moved from AmeriSave Mortgage Corporation to Cardinal Financial Company in November, launched in mid-2022 a platform to help their referral partners succeed. He makes co-marketing investments and helps partners with their databases by looking for any missed opportunity in the market.

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As-is Mortgages Loans Agents 497

Keeping Current Matters

JANUARY 26, 2023

Spring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing it’s the best time to find a home. However, that isn’t always the case when you factor in the competition you could face with other buyers at that time of year. If you’re ready to buy a home, here’s why it makes sense to move before the spring market picks up.

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Marketing 300

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

Housing Wire

JANUARY 26, 2023

Affordability has improved in the mortgage market since December, thanks to declines in mortgage rates and a slowdown in home price appreciation. Here’s a spoiler: Industry experts believe this trend will continue for months, signaling that a good spring is ahead. “It’s been the rise in prices [and] interest rates that have constrained affordability,” Doug Duncan, senior vice president and chief economist at Fannie Mae, said in an interview.

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Inman

JANUARY 25, 2023

Acquiring Realtor.com would significantly advance CoStar's push into residential real estate — and bring it into greater conflict with the industry's existing power players.

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Residential Industrial Technology 190

NAR: Economic Outlook

JANUARY 27, 2023

Where People Moved in 2022 After a historically low moving rate in 2021, data indicates that even fewer Americans moved across the country in 2022.

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Keeping Current Matters

JANUARY 27, 2023

Some Highlights If you’re thinking of buying a home this year, be sure to factor in the long-term benefits of homeownership. On average, nationwide, home prices appreciated by 288.7% over the last 32 years. That means homeowners grow their net worth significantly in the long term.

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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

Housing Wire

JANUARY 27, 2023

What is happening with homebuilders and the new home sales sector as we head into the spring housing market ? We have had some conflicting data points recently. On the one hand, cancelation rates have been rising. On the other hand, mortgage rates have gone down more than 1% since Oct. 20, 2022. The builders’ stock prices have done well as mortgage rates have fallen , and this illustrates the simplicity of the homebuilders’ position: their story is really about mortgage rates and moving pr

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Inman

JANUARY 21, 2023

Ahead of a first-ever Inman Connect New York appearance, Phillip Salem shares their journey from budding fashion mogul to real estate dynamo and the power of authenticity amid a changing market.

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Marketing 179

Sotheby's International Real Estate

JANUARY 27, 2023

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Pacific Palisades, California | Sotheby’s International Realty – Santa Monica – Venice Brokerage A rustic house in Rustic Canyon, a west side neighborhood of Los Angeles, has come to the market for the first time since it was built in 1987.

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Keeping Current Matters

JANUARY 24, 2023

If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges.

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Marketing 271

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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

Housing Wire

JANUARY 23, 2023

Here’s the housing market rundown for the last week: Purchase application data had a solid week-to-week gain of 25%. That’s a big jump, but context is critical. Housing inventory decreased by 566 units, which is not a significant decline. Mortgage rates fell, but the bond market didn’t break what I see as a critical level, so for now, stabilization is more important.

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Marketing Mortgages Sales As-is 516

Inman

JANUARY 25, 2023

At Inman Connect New York on Wednesday, Sue Yannaccone and Glenn Sanford talked about positive market indicators and taking care of employees that remain post-layoffs.

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Marketing 174

Better Dwelling

JANUARY 23, 2023

Canadian markets have begun discussing rate cuts, and that’s a reason we might not see one this year. BMO Capital Markets wrote to investors over the weekend, outlining their expectations for a rate hike this week. Their forecast currently sees the Bank of Canada (BoC) hitting pause after the next hike, but they warn it […] The post Bank of Canada To Hike Rates, Leave Door Open For More: BMO appeared first on Better Dwelling.

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Keeping Current Matters

JANUARY 23, 2023

Last year, the housing market slowed down in response to higher mortgage rates, and that had an impact on home prices.

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Mortgages Marketing 261

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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

Housing Wire

JANUARY 26, 2023

Two months after receiving the Federal Reserve ’s approval to merge with New York Community Bank, Michigan-based Flagstar Bank is reducing its footprint in the retail channel and laying off hundreds of staffers, according to laid off employees. “I just got news this morning that the company is scrapping retail outside of where the bank footprint is,” a former Flagstar Bank regional manager posted on social media.

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Banks Mortgages Lending Finance 476

Inman

JANUARY 25, 2023

Compass went public in April 2021, and ever since then the New York-based brokerage has weathered a market downturn and seen investors' appetite for shares fall significantly.

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Brokerage Investor Marketing New Construction 174

Eye on Housing

JANUARY 23, 2023

The share of adults planning a home purchase in the next 12 months dropped to 13% in the final quarter of 2022, down from 15% in the previous quarter. The drop is not surprising, given that housing affordability worsened during this period, as mortgage interest rates surpassed 7.0% and reached levels not seen in nearly 20 years. In the third.

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Mortgages As-is 126

Realtor.com

JANUARY 23, 2023

Photo-Illustration by Realtor.com; Photos: Getty Images (3) For those navigating America’s residential real estate market, it’s lately felt a bit like an out-of-control cargo train, ever threatening to veer off the tracks—stomach-churning price accelerations followed by interest rate hikes slamming the brakes. It’s little wonder that just about everyone seems to be searching for clues on where housing sales are going this year.

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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