Fri.Mar 24, 2023

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How ChatGPT can help you work more efficiently and generate more leads

Housing Wire

ChatGPT , the AI chatbot, has taken the world by storm over the past few months. It took Netflix 3.5 years to reach one million users, Facebook ten months and Spotify five months. ChatGPT got to the first million users in five days. In two months after that, ChatGPT reached 100 million active monthly users. But first things first. What is artificial intelligence (AI)?

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Tech Bytes: News from Modern.tech, SFAR, CubiCasa, Loft47, Revive

Real Estate News

Modern.tech launches software, partners with Relevate; SFAR partners wtih Zenlist; CubiCasa adds MLS partnership; Loft47 adds GPT AI; Revive wins ADDY awards.

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The cure for appraisal gap anxiety

Housing Wire

When you google “ appraisal gap” — and I just did — a long list of search results appear. To my surprise, the top results did not link to economists expounding on the intricacies of home price fluctuations, the leading theories on avoiding overvaluation or pictures of stunt riders jumping over a canyon filled with printed PDF docs. (OK, throw that last one out.

Appraisal 444
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He was going to quit real estate — then he went viral

Real Estate News

Matt Lionetti channeled his desire to entertain into real estate videos, where he's gained millions of views — and million-dollar deals.

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2023 RealTrends real estate brokerage rankings show growth in low-cost firms

Housing Wire

2022 was a roller coaster year, continuing the strong pandemic and post-pandemic fueled housing market through the first half of the year. Then, in the third quarter, we saw an abrupt stop to the record-breaking housing market. Despite market headwinds, the top brokerages continued to show growth in the 2023 RealTrends 500 brokerage rankings. While the top four companies stayed at the top, eXp Realty displaced HomeServices of America , who had a stronghold on the No. 1 spot in transaction sides

Brokerage 434
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Market Moods: Prices dropping, but not all markets got the memo

Real Estate News

Two recent reports showed median U.S. home prices dropping year-over-year in February, the first such drop in a decade. But the local view varies.

Marketing 211

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Condos an overlooked step to homeownership

Real Estate News

New study finds condos cheaper than homes in most major cities, on par or more expensive in others.

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Altman Brothers Team signs new contract with Douglas Elliman

Inman

The team closed the priciest sale in Orange County last year with a $55 million property in Crystal Cove and was named the No. 1 large team nationwide in the 2023 Ellie Awards. Terms of the contract were not disclosed.

Contracts 168
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FAQs About Virtual Property Inspections with RemoteVal

McKissock

On April 12, 2023, McKissock Learning will host a FREE one-hour, non-credit Pro-Series webinar titled “Virtual Inspections with RemoteVal.” With Fannie Mae’s recent Selling Guide Announcement (SEL-2023-02) , which allows for completion of the 1004D final inspection using virtual technology in many cases, this is a presentation you won’t want to miss.

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Stand out in any market with a DIY public relations plan

Inman

Getting featured in the press can be a game changer because, in addition to creating exposure, it also helps you become a recognized authority in your market. Marketing expert Jeremy Knauff provides a step-by-step strategy for connecting with members of the media.

Marketing 168
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Rookie Reply: How to Get a DEEP DISCOUNT on Properties with Back Taxes

BiggerPockets

While driving for dollars, you stumble across a property with back taxes on it. What do you do? Contact the owner about your interest? Check with the courthouse first?

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Zillow now accounts for nearly half of all real estate web traffic: Analysis

Inman

The search behemoth far and away led market share for search portals, drawing 44 percent of all real estate web traffic, but CoStar's Homes.com leaped by bounds last month, according to an analysis.

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How quickly will inflation fall in Canada?

Mortgagebroker News

The Canadian economy will continue to labour under various lingering pressures, new report says

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Is a book on your bucket list? Here’s how to write it

Inman

If writing a book seems like an impossible task, just know that it’s not. In the final part of this series, we look at how to write, what to write about, and who can help you make it more manageable.

Brokerage 158
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'It's Alberta's time to shine': Province's housing affordability helps population surge

Mortgagebroker News

More newcomers arrived in Alberta than any other province in the final quarter of 2022

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Where should I post? 3 steps for choosing a social media platform

Inman

Make your social media efforts count by posting on the right platforms. Not sure which ones to choose? Here's three steps to help you determine which social media platforms are right for you and your business.

Business 156
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The essential role of a BDM: helping you navigate the volatile mortgage market

Mortgagebroker News

How to stand out, build connections, and conquer the biggest challenges in the mortgage business

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Mansion tax could be ‘hardest hit since 2007,’ Josh Altman warns

Inman

This week, Byron Lazine and Nicole White discuss Josh Altman's view of California's proposed mansion tax, the tug-of-war between millennials and boomers, and the pain Zillow's CEO sees on the horizon.

Agents 155
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CIBC's Tal: 2023 recession becoming increasingly likely

Mortgagebroker News

The global crisis of confidence in the banking sector will significantly influence market dynamics

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QUIZ: Determine which of these is your brand archetype

Inman

There are 12 brand archetypes based on common themes, personality traits and marketing niches. Not sure what your “type” could be? Take our quiz to find out.

Marketing 163
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Feds announce $66-million tranche for Alberta housing supply

Mortgagebroker News

Major investment will support much needed initiatives across the province

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Bank turmoil could spark ‘modest’ recession in second half of year

Inman

Fannie Mae economists say jumbo mortgages and construction loans could get more scarce if regional banks tighten lending standards.

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Banking turmoil, BoC pause, Fed hike: What it means for Canada's mortgage market

Mortgagebroker News

How will the dramatic events of recent weeks impact industry outlook?

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Home365 has landlords covered 24/7: Tech Review

Inman

Home365 is a technology-supported full-service property management firm that covers all costs of owning and profiting from real estate.

Landlords 158
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The cure for appraisal gap anxiety

Clear Capital

Written by Kenon Chen When you google “ appraisal gap” — and I just did — a long list of search results appear. To my surprise, the top results did not link to economists expounding on the intricacies of home price fluctuations, the leading theories on avoiding overvaluation or pictures of stunt riders jumping over a canyon filled with printed PDF docs.

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Catch up with Inman’s Top 5 stories of the week, March 17-23, 2023

Inman

Wondering what you missed this week? Find out with Inman's Top 5 most-read stories of the week.

Agents 155
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GTA housing market activity muted in February

Mortgagebroker News

New report shows substantial declines in sales numbers last month

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How Many Mortgages Can You Have?

BiggerPockets

Do you ever wonder how many mortgages you can have at once?

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FHFA prevention actions surpassed 52K in Q4 2022

Housing Wire

The Federal Housing Finance Agency (FHFA) released on Thursday its Fourth Quarter 2022 Foreclosure Prevention and Refinance Report, stating that government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac completed 52,469 foreclosure prevention actions in Q4 2022. That figure increases the total number of GSE-assisted homeowners to 6,712,833 since the start of the conservatorship in September 2008, which placed control of Fannie and Freddie with the FHFA.

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What If A Tenant Doesn’t Move Out In Time?

BiggerPockets

It’s a nightmare scenario for any landlord. The lease expires, and your tenant doesn’t move out on time.

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Top 5 Ways to Streamline Your Energy Business

GoForrmz

Transform your energy business with mobile forms The energy sector is a highly competitive and fast-paced industry. And as an energy business, it’s important to find ways to increase efficiency and improve productivity. That’s where we come in – GoFormz can help your energy business transform its day-to-day processes to stay ahead of the competition.

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When is the Right Time for a Reverse Mortgage

Eppraisal

If you are a homeowner who is age 62 or older, you may qualify for a reverse mortgage. This unique home loan might be financially beneficial to you if you have owned your home for some time, have accumulated a large amount equity and need cash for bills and expenses in retirement. What is a Reverse Mortgage? A reverse mortgage is a type of mortgage that pays you on a monthly basis from the equity in your home.

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February 2023 New England Housing Report

Lamacchia Realty

February 2023 New England housing reports Massachusetts – New Hampshire – Connecticut Highlights Reports By State Massachusetts New Hampshire Connecticut MASSACHUSETTS Home Sales Down 22.8% Sales are down 22.8% year over year, with February 2023 at 3,347 over 4,337 last February. Sales are down across all categories. Single families: 2,593 (2022) | 2,040 (2023) Condominiums: 1,212 (2022) | 1,018 (2023) Multi-families: 532 (2022) | 289 (2023) Average prices have continued the

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Single millennial women’s homeownership rate tanked in 2022

Inman

Persistent wage disparities and pandemic-induced familial stressors pushed single millennial women out of homeownership with rates dropping near the all-time low of 19.4 percent, according to a new Zillow market analysis.

Marketing 129