Housing Wire
JULY 27, 2023
When you think about a real estate team , you automatically think they must be more productive than individual agents, right? Not so fast. Clearly, over the last decade, teams have grown far faster than individual agents in terms of closed transactions. This is not unexpected, as teams have the ability to scale their business far easier and faster than an individual agent.
Real Estate News
JULY 27, 2023
The property management platform RentSpree is seeing an uptick in real estate agent customers as for-sale inventory remains limited.
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Housing Wire
JULY 27, 2023
After dropping slightly month over month in May , pending home sales ticked back up in June, rising 0.3%, according to data released Thursday by the National Association of Realtors (NAR). It contrasts with new home sales , which moderated in the same period (-2.5%). Year over year, pending home sales were down 15.6%, a smaller decrease than the 22.2% annual drop recorded in May.
Real Estate News
JULY 27, 2023
The 30-year fixed-rate mortgage rose to 6.81% this week as the Fed raised its benchmark rate to the highest level since 2001.
Housing Wire
JULY 27, 2023
A top-notch team can be the difference between nailing your GCI goals and missing the mark entirely. Building a robust team of real estate agents isn’t just about attracting talent —it’s about appealing to the right talent. One of the most effective strategies for this is leveraging your own team’s success stories to generate inbound recruiting leads.
Real Estate News
JULY 27, 2023
The 0.3% gain is the first increase in four months, NAR reported, suggesting that “the housing recession is over.
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Inman
JULY 27, 2023
With 30 years of experience at some of the world's most recognizable brands, the newly-minted Better Homes and Gardens Real Estate president spoke to Inman about settling into her new role.
Housing Wire
JULY 27, 2023
Mortgage rates rose slightly this week ahead of the Federal Reserve Open Markets Committee ‘s rate hike. The 25-basis point increase to the federal funds rate was widely anticipated and priced in by capital markets. Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.81% as of July 27, up from last week ’s 6.78%.
Inman
JULY 27, 2023
Former Keller Williams CEO Chris Heller previously served as OJO's chief real estate officer. Jerimiah Taylor, formerly a vice president at OJO, will step into Heller's previous role, the company said.
Housing Wire
JULY 27, 2023
Austin, Texas-based OJO promoted industry veteran Chris Heller to president while Jerimiah Taylor will move into the chief real estate officer role that Heller held. The moves come amid OJO’s continued growth in 2023, which the company attributes to is OJO Pro+ offering. Heller, who has held leadership roles at Keller Williams and loanDepot ‘s mellohome , will bring his decades of experience to the role of president.
Inman
JULY 27, 2023
With the gross domestic product eclipsing expectations in 2Q, the US appears to have avoided a long-predicted recession, even as the real estate industry remains mired in a deep contraction.
Housing Wire
JULY 27, 2023
Multiple agencies across the federal government including the U.S. Department of Housing and Urban Development (HUD), the Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB) have all renewed their efforts to protect tenants renting in multifamily housing units as costs continue to climb, according to an announcement from the White House.
Inman
JULY 27, 2023
As Chicago Mayor Brandon Johnson narrows in on a 2.65 percent tax on purchases of properties over $1 million, luxury agents in Los Angeles offered their advice to concerned Windy City agents.
Housing Wire
JULY 27, 2023
About two years after Better.com announced its plans to go public via special purpose acquisition company (SPAC) Aurora Acquisitions Corp. , the fate of Better.com’s journey to IPO will be decided next month. “Aurora shareholders will be asked to consider and vote upon a proposal (…) to approve and adopt the agreement and plan of merger dated as of May 10, 2021,” Aurora said in a filing with the Securities and Exchange Commission (SEC) on Monday.
Eyes on Housing
JULY 27, 2023
Increased levels of new home construction and sales are leading some buyers to expect the home search to get easier in the months ahead. According to the latest Housing Trends Report for the second quarter of 2023, 29% of prospective buyers are anticipating housing availability to ease up ahead, an improvement over the 24% and 26% who had similar expectations.
Housing Wire
JULY 27, 2023
California-based Pennymac Financial Services increased its profits by 92% in the second quarter of 2023 from the prior quarter. Although the performance was propelled by its servicing portfolio – as occurred in previous quarters – mortgage production returned to profitability. The company reported on Thursday its net income came in at $58.3 million in Q2 2023, up from $30.4 million in Q1 2023 but down from $129.1 million in Q2 2022, per Securities and Exchange Commission (SEC) filings.
Inman
JULY 27, 2023
Homes under contract inched up 0.3 percent between May and June to a measure of 76.8 on the Pending Home Sales Index, according to data released Thursday by the National Association of Realtors.
Empire Appraisal Group
JULY 27, 2023
Source: [link] Why Don’t More Buyers Consider a Fixer-Upper? In a time of rising housing costs, a fixer-upper offers more house for the money – but the iffy cost for renovations scares buyers already hurt by high interest rates. NEW YORK – Real estate agents say today’s buyers appear to have little desire to take on the additional costs and headaches of major renovation projects.
Inman
JULY 27, 2023
An LA Realtor recently found himself in the hot seat after mistakenly texting Spelling-snark to Tori herself. Southern California broker Troy Palmquist shares what that mistake can teach you about how you communicate.
Boston Appraisal
JULY 27, 2023
As an investor or lender, you need accurate valuations of residential properties to make informed investment and lending decisions. However, you may encounter distinctive homes and buildings that present appraisal challenges due to their unconventional attributes. Here are some key considerations when assessing complex and uncommon properties: Look Beyond Superficial Uniqueness Some characteristics like unusual architecture may not impact value.
Inman
JULY 27, 2023
As economic headwinds push native-born population and household formation growth down, Harvard researchers say immigrants hold the key to the housing market's future.
Eyes on Housing
JULY 27, 2023
The U.S. economy grew at a solid pace in the second quarter of 2023, fueled by consumer and government spending. The second quarter data from the GDP report suggests that inflation is cooling. The GDP price index rose 2.2% for the second quarter, down from a 4.1% increase in the first quarter. It marks the slowest annual growth rate since.
Inman
JULY 27, 2023
In their first column on Inman, coaches Melanie Klein and Emily Bossert write, "Taking ownership and responsibility in a healthy way is the most powerful business edge you can develop right now.
GoForrmz
JULY 27, 2023
The GoFormz team will be at the Affiliate Day Golf Tournament! We are thrilled to be attending the AGC Affiliate Day Golf Tournament in El Cajon, California on August 4, 2023. Will we see you there? AGC San Diego Established in 1927, the AGC San Diego Chapter is the leading professional association for the construction industry in San Diego County. Their association is a trusted resource for general contractors, contractors, and subcontractors.
Inman
JULY 27, 2023
For the month of May, 2.6 percent of all mortgages in the U.S. were in some stage of delinquency, a 0.1 percent decrease from the levels seen a year before, according to data from CoreLogic.
Clear Capital
JULY 27, 2023
Clear Capital and BeSmartee Partner to Bring Home Value Verification Solution to Mortgage Lenders Clear Capital’s ClearAVM is now integrated with BeSmartee’s Mortgage POS and HELOC product Reno, NV – July 27, 2023 – Clear Capital ® , a national real estate valuation technology company, announced today that it has entered into a strategic partnership with BeSmartee , a digital mortgage solution development company, to offer a cost effective and efficient solution for mortgage and home equity ori
Inman
JULY 27, 2023
A drop in supply was enough to offset the drop in demand, sending prices up 2.6 percent in July. That's the biggest jump since November, according to Redfin.
Lamacchia Realty
JULY 27, 2023
Lamacchia Realty, Inc. has released their “Top Producing REALTORS®,” for the Mid-Year 2022! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the first 6 months of the year! Mid-Year 2023 Winners of the Top 10 for the Company are: Michael Valencia is a passionate and knowledgeable REALTOR® with almost two decades of active-duty military experience.
Inman
JULY 27, 2023
Find out how this second-generation South Florida broker shifted gears from an early career path in accounting and expanded Compass' presence in Boca Raton.
East Coast Appraisal
JULY 27, 2023
Investors employ diverse real estate appraisal and valuation methods that offer distinct benefits. Understanding these methods is essential for effective commercial and residential real estate valuation. Learn about the most common property valuation methods. Sales Comparison Approach When using the sales comparison approach, the appraiser collects data on recently sold properties that are similar to the subject property in terms of location, size, features, and condition.
Inman
JULY 27, 2023
The suit from the Apartment Association of Greater Los Angeles argues that the city's rent freeze rule robs property owners of income and due process.
Mortgagebroker News
JULY 27, 2023
Surging immigration could lead to a significant widening of the gap between incoming demand and ongoing construction
Inman
JULY 27, 2023
Meet the expert speakers joining us at Inman Connect who specialize in customer experience, branding and marketing strategies for real estate.
Mortgagebroker News
JULY 27, 2023
Policy measures should focus on ensuring a larger inventory and removing the barriers to more housing: Fraser
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