The American Genius for Real Estate
AUGUST 8, 2022
Is Opendoor and Zillow's simple team up worth any of the hype or critique it's getting? Let's examine the partnership. The post Should you even care about the Zillow and Opendoor team up? appeared first on The American Genius Real Estate.
The Close
AUGUST 10, 2022
If you find yourself relating more to Jonathan Swift than Taylor Swift, or to Robert Kardashian than his daughter Khloe, then the world of real estate hashtags can be intimidating. #whydopeoplekeepusingthesepoundsigns? Luckily, it doesn’t have to be. In fact, we’re going to walk you through everything you need to know (in plain English) about those weird “number signs” and lay out a real estate hashtag strategy that will help you 10x your followers on Instagram, Twitter, and beyond.
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Real Trends
AUGUST 9, 2022
The share of for-sale homes listed for longer than a month grew in July. During the month, the share of homes that were listed for 30 days or longer without going under contract rose 12.5% from July 2021 to 61.2%, according to a report from Redfin published on Tuesday. The report analyzed for sale listings in the 50 most populous U.S. metropolitan areas, identifying the share of “stale” listings, or those that were on the market for at least 30 days without going under contract.
Housing Wire
AUGUST 10, 2022
One of the most important housing market stories in recent weeks has been the decline in new listings , which has slowed the growth rate of total inventory. What does this mean? Some have said this is evidence of a soft landing for housing since we are in August and it doesn’t look like we are going to even get to the peak inventory levels we saw in 2019 this year, or even breach the lower levels of 2019 on the national data.
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.
Keeping Current Matters
AUGUST 12, 2022
Some Highlights. Many people remember the housing crash in 2008, but experts say today’s market is fundamentally different in many ways. First, there isn’t an oversupply of homes for sale today. Plus, lending standards are much tighter, and homeowners have record levels of equity. That means signs say there won’t be a wave of foreclosures like the last time.
Eye on Housing
AUGUST 11, 2022
Rising mortgage rates, high inflation, low existing inventory and elevated home prices contributed to housing affordability falling to its lowest point since the Great Recession in the second quarter of 2022. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), just 42.8% of new and existing homes sold between the beginning of April and end.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
AUGUST 8, 2022
In a recent survey by the National Association of Realtors , floor plans ranked as the third most desired listing feature for homebuyers, after photos and detailed listing information. But floor plans are a relative rarity on multiple listings services: only 10-15% home listings in the U.S. have floor plans. CubiCasa , a real estate software company based in Finland, launched a new product to enable homeowners to generate floor plans at no cost through their app.
Keeping Current Matters
AUGUST 9, 2022
There’s no doubt about the fact that the housing market is slowing from the frenzy we saw over the past two years.
Eye on Housing
AUGUST 10, 2022
Consumer prices eased slightly from a 40-year high in July as declines in energy prices offset increases in food and shelter indexes. Despite this improvement, inflation remains above an 8% rate for a fifth straight month. The food index recorded its largest annual gain since May 1979 as all six major grocery store food group indexes increased. Nonetheless, it is.
Maximum Exposure Real Estate
AUGUST 7, 2022
What is an Estate Sale? Are you a potential estate seller? The words “estate sale” can mean different things to different people. There are indeed multiple ways to interpret the definition of an estate sale. For example, most people who are not real estate agents think of an estate sale as an auction where furniture […]. The post Best Tips For Estate Sellers appeared first on Maximum Real Estate Exposure.
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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.
Housing Wire
AUGUST 9, 2022
California-based mortgage lender loanDepot is shutting down its wholesale division amid plummeting origination volumes and widening financial losses in the second quarter. The decision to close the channel also reflects fierce competition from its peers in the broker space, primarily from United Wholesale Mortgage (UWM). The announcement on Tuesday came alongside a $223.8 million loss in the second quarter of 2022, more than double the $91.3 million loss in the first quarter of 2022.
Keeping Current Matters
AUGUST 11, 2022
Whether you’re a potential homebuyer, seller, or both, you probably want to know: will home prices fall this year?
Marco Santarelli
AUGUST 6, 2022
Here's what some of the experts predict will happen in the housing market in the next five years. According to Zillow, the current typical value of homes in the United States is $354,165. This value is seasonally adjusted and only includes the middle price tier of homes. In June 2021, the typical value of homes was $295,000. Home values have gone up 19.8% over the past year.
Eye on Housing
AUGUST 12, 2022
Over the first six months of 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 567,798. On a year-over-year (YoY) basis, this is a 3.6% decline over the June 2021 level of 589,146. Year-to-date ending in June, single-family permits declined in all four regions. The South posted a small decline 0.8% while the Northeast region reported the.
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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.
Housing Wire
AUGUST 9, 2022
Not many would count the title industry among the economy’s technology leaders. Candidly, there’s good reason for that. For decades, settlement services firms staked their reputations on personalized customer service and regional or local expertise, rather than cutting-edge technologies. More than a few observers have referred to us as a mom-and-pop industry because it’s comprised of a significant number of small agencies.
Keeping Current Matters
AUGUST 10, 2022
If you tried to buy a home during the pandemic, you know the limited supply of homes for sale was a considerable challenge.
Maximum Exposure Real Estate
AUGUST 8, 2022
When you have decided to search for a new home, you have many choices to make. What features do you want, how many bedrooms do you need, and which neighborhood do you want to live in? These are just a few of the choices you need to think about when buying a home. Another one […]. The post What is an Adjustable Rate Mortgage: The Pros and Cons Explained appeared first on Maximum Real Estate Exposure.
GeekEstate
AUGUST 10, 2022
[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: SmartRent]. The idea of a Smart Home has been an awe-inspiring staple in portrayals of the future. Although we don’t have completely autonomous homes that can make a strawberry smoothie with a voice command as depicted in the movie Smart House , the technology is getting smarter and more accessible to homeowners every year.
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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.
Housing Wire
AUGUST 10, 2022
Nonbank lender Panorama Mortgage Group has added Texas-based Lone Peak Lending to its growing stable of brands. Lone Peak is the fourth lender to join Panorama this year, following the additions of Utah-based Rely Home Loans , Texas-based Prosperity Mortgage and Oregon-based Vision Mortgage Group. Donovan Stamps, a 27-year mortgage veteran with stints at Stearns Lending , SoFi Mortgage , First Guaranty Mortgage Corp. and most recently, Caliber Home Loans , will lead Lone Peak as president, Panor
Keeping Current Matters
AUGUST 8, 2022
When the pandemic hit in 2020, many experts thought the housing market would crash.
Eye on Housing
AUGUST 11, 2022
During the second quarter of 2022, credit became both tighter and more costly on loans for Acquisition, Development & Construction (AD&C) according to NAHB’s Survey on AD&C Financing. The average effective rate (based on rate of return to the lender over the assumed life of the loan taking both the contract interest rate and initial fee into account) increased substantially.
GeekEstate
AUGUST 11, 2022
[Editor’s Note: The GEM is a real estate tech think-tank comprised of 500+ founders, executives, VCs, and practitioners. Our mission is to attract the 1,500 most forward-thinking, and diverse, innovators. Below is a sample of one of the in-depth startup briefings from our Blueprinting Proptech series that members have full access to for only $139/quarter.].
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.
Housing Wire
AUGUST 11, 2022
Mortgage lender loanDepot , based in Orange County, California, has more bad news tucked away in its latest quarterly earnings report filed with the U.S. Securities and Exchange Commission (SEC) — beyond announcing it was shutting down its wholesale division after posting a second quarter loss of $223.8 million, following on the heels of $91.3 million loss for the prior quarter.
The American Genius for Real Estate
AUGUST 12, 2022
The late Maya Angelou was known to have said, “I’ve learned that you can tell a lot about a person by the way (s)he handles these three things: a rainy day, lost luggage, and tangled Christmas tree lights.” How does this apply to failed real estate transactions? Let me enlighten you… I believe that this […]. The post 6 important lessons I’ve learned from failed transactions appeared first on The American Genius Real Estate.
Eye on Housing
AUGUST 10, 2022
Per the Mortgage Bankers Association’s (MBA) survey through the week ending August 5th, total mortgage activity increased slightly and the average 30-year fixed-rate mortgage (FRM) rate rose four basis points to 5.47%. The FRM rate has declined 35 bps over the past month but remains roughly 2.5 percentage points higher than it was a year ago.
GeekEstate
AUGUST 9, 2022
Taking place at the MGM on September, Blueprint is rapidly approaching. With their inaugural event a year ago, the Blueprint team attracted an amazing turn-out in the middle of delta uncertainty. Frankly, I was beyond impressed with what Vik Venkatraman and David Hirschman pulled off. A few reflections previously shared with GEM members a week after the event… Huge props go to the feat the Blueprint team pulled off this past week in Las Vegas: an amazing turn-out of proptech executives
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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.
Housing Wire
AUGUST 10, 2022
When the sky is falling in the mortgage industry, generally there is something else that is rising. For many larger nonbank lenders, including UWM Holdings Corp., the parent of United Wholesale Mortgage (UWM), what is rising in their favor is the value of mortgage servicing rights (MSRs). UWM, the nation’s largest wholesale mortgage lender, recorded net income of $215.4 million for its recently ended second quarter, up some 55% from last year’s second quarter earnings mark of $138.7 million, the
Maximum Exposure Real Estate
AUGUST 7, 2022
What is a BPO? There are many terms in real estate that both home buyers and sellers will hear quite often. One such term is a broker price opinion or BPO for short. What does a broker price opinion mean? The definition of a broker pricing opinion is quite simple. It is an evaluation done […]. The post What is a Broker Price Opinion (BPO) in Real Estate appeared first on Maximum Real Estate Exposure.
HomeLight
AUGUST 12, 2022
Life can sometimes throw you a curveball and you suddenly need to sell your home quickly – like yesterday. Your mind starts to swirl with visions of moving boxes in search of a plan. But you’re not sure how or where to start. Fortunately, we have researched the options and interviewed Doug Gardiner who is a high-performing real estate agent from Frederick , Maryland, and found 14 proven tips to help you sell your home quickly for the best results.
Marco Santarelli
AUGUST 12, 2022
Is now a good time to sell a home? It's a topic that many potential house sellers are pondering, especially following last year's rapid increase in home values. It might be tempting to delay the sale for an additional year or two but the majority of real estate experts think yes, this is a good time to sell your house. There are several causes for this, including persistent buyer demand and a lack of available homes.
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.
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