Fri.Sep 08, 2023

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Report: Home envy is reshaping the American dream

Housing Wire

In the digital age, social media has — for better or worse — become an integral part of our lives, influencing how we perceive ourselves and others. For Gen Z Americans, accustomed to constant online connection, this influence extends beyond personal appearance and experiences. For their part, millennials are not only sharing photos and experiences but also comparing their achievements and possessions with their peers.

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It’s ‘game-on again’ for home search portals, says ex-Zillow CEO

Real Estate News

An ambitious challenge from Homes.com for consumer market share and agent dollars has reignited the portal competition, says former Zillow CEO Spencer Rascoff.

Agents 277
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Revive launches AI-powered listing tool for real estate agents

Housing Wire

Revive has released a new tool named “Revive Vision AI” designed to assist real estate professionals in property valuation. This AI-driven tool uses computer vision technology to evaluate the current condition of a property and provide a detailed assessment of its current market value and potential value post-renovation. “Revive Vision AI” aims to provide a more precise value assessment than traditional automated valuation models (AVM) by analyzing property photos.

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Another sign of a market rebound? Home equity is back up

Real Estate News

On average, U.S. homeowners gained nearly $14,000 in equity since the beginning of the year, though equity is down slightly from last year's peak.

Marketing 281
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Lawyer letter details NAR’s internal harassment investigation

Housing Wire

As Tracey Kasper, the National Association of Realtor’s newly appointed president, put it, the trade group is “grappling with a very difficult situation.” Kasper made the comment during a five-minute-long video message to members and employees posted on Thursday. NAR’s “difficult situation” came into focus in June, when former NAR employee Janelle Brevard filed a lawsuit accusing trade group of racial and sexual discrimination and alleging that NAR president Kenny Parcell harassed female employe

Legal 410
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Brokerage Beat: News from The Agency, RE/MAX, EXIT, eXp, E&V

Real Estate News

The Agency drafts former NFL stars, adds to development group; RE/MAX firm acquires large team; EXIT expands in the South; NY team joins eXp; E&V enters Belize.

Brokerage 260

More Trending

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Lawyer’s letter offers glimpse into NAR’s internal harassment probe

Inman

A July letter from Polsinelli, the outside counsel tapped to investigate misconduct at NAR's behest, found evidence of "creepy" and "disrespectful" behavior that, until now, had not been made public.

Realtors 206
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Wells Fargo launches alliance with AREAA to promote homeownership

Housing Wire

As part of its broader affordable housing initiatives, Wells Fargo will sponsor a homeownership program alongside the Asian Real Estate Association of America. The Wells Fargo-AREAA alliance will focus specifically on sustainable homeownership for first-time homebuyers and low to moderate-income Asian American, Native Hawaiian and Pacific Islander (AANHPI) communities.

Lending 397
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Don’t let equity fall through the cracks as ‘we’ rebuild NAR

Inman

Amid massive leadership challenges, trainer and DEI expert Dr. Lee Davenport takes a deeper look at the "we" in NAR's "That's who we R" slogan and what it means to be a Realtor right now.

Realtors 190
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Net Promoter System creator joins eXp board

Housing Wire

The board of directors of eXp World Holdings , the parent company of eXp Realty , has appointed Fred Reichheld to the board as an independent member. Reichheld is the creator of the Net Promoter System , which helps rate companies, products and services based on the likelihood they would recommend them to a friend. “For companies that value customer and employee satisfaction and loyalty, as we do, the holy grail is the Net Promoter System,” Glenn Sanford , the founder, CEO and chairman of eXp Wo

Realty 397
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New suit alleges Yardi rent-setting software violates antitrust law

Inman

A lawsuit filed by a renter in Seattle accuses the property management software firm and major landlords of violating antitrust statutes through a product used to set rent rates.

Law 187
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Agents, level up your real estate game

Housing Wire

Our industry thrives on personal connections. That’s why in-person events are so important. Here are some key takeaways from the BuiltHOW event that I host alongside Ben Kinney, and Chris Suarez. 1. Play chess, not checkers The market is dynamic, and right now it’s shifting into a unique playing field that many of us have not seen in our careers.

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Dripping in drama, ‘Selling the OC’ returns for Season 2

Inman

Season 1 of the Oppenheim Group's reality TV series ended in fireworks and Season 2 is sure to have more of the same. Plus, a new office in Cabo and a new cast member make their debut.

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How lenders can help lessen home insurance shopping headaches for borrowers

Housing Wire

Getting the home insurance required to close is often more complicated than it needs to be. HousingWire recently spoke with Tom Kriby, vice president of client development and partnerships at Westwood Insurance Agency , about the home insurance shopping process and how lenders can help make it simpler for their borrowers. HousingWire: How are climate-related risks impacting the home insurance shopping process for borrowers?

Insurance 397
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Consumer homebuying sentiment has plateaued at ‘pessimistic’

Inman

Most Americans polled by Fannie Mae last month said they would rather buy than rent, but a record-high 82 percent also said August was a bad time to buy.

Inventory 193
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Decline for AD&C Loan Volume in the Second Quarter

Eyes on Housing

The volume of total outstanding acquisition, development and construction (AD&C) loans posted a decline during the second quarter of 2023 as interest rates continue to rise and financial conditions tighten. The volume of 1-4 unit residential construction loans made by FDIC-insured institutions declined by 2.8% during the second quarter. The volume of loans declined by $2.9 billion for the quarter.

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Zonda acquires self-touring app in support of new construction portal

Inman

Construction data and technology company Zonda has acquired yet another company, this time UTour, a system for offering self-guided home tours to enhance Livabl, a public-facing search experience for new construction homes which the company launched in April this year.

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Who Are NAHB’s Associate Members?

Eyes on Housing

Every year since 2008, the NAHB has conducted a member census in order to better understand the composition and characteristics of the people who belong to its organization. Similar to a previous post about builder members, NAHB conducted a related analysis of its associate members. In 2022, 65% of NAHB’s members were associate members—those involved in a wide range of.

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Who should I follow on Instagram for real estate posts?

Inman

Every week Sue "Pinky" Benson answers your most pressing Instagram questions. This week, she's helping you find a new real estate account to follow for inspiration.

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2023 GoFormz Digital Transformation Survey Results

GoForrmz

The results are in! Discover why businesses are digitally transforming their operations with GoFormz At GoFormz, our primary focus is our customers. We’re committed to understanding and addressing their unique requirements and facilitating their digital transformation through the power of digital data collection. We recently conducted an extensive customer survey spanning 14 diverse industries across 5 countries.

Tools 78
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Rechat, a mobile-first marketing standout emphasizing collaboration, strategy: Tech Review

Inman

Software review of Rechat, a full-featured app for tech-forward brokerages and teams that have a handle on how to capture their market.

Marketing 193
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The Role of Appraisals in the Mortgage Approval Process

Appraisal Hub

In today’s real estate market, the process of obtaining a mortgage can seem complex and daunting. One crucial step that often goes unnoticed by many prospective homeowners is the mortgage appraisal. This step is not just a formality; it plays a pivotal role in determining whether or not you get approved for a mortgage. Let’s delve into the significance of mortgage appraisals and how professional appraisers and reputable appraisal firms can make a difference.

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Divvy stays mum as employees report a new round of layoffs

Inman

At least seven former employees of the rent-to-own company posted on LinkedIn on Thursday that they had been laid off from the rent-to-own company.

Marketing 180
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Mary Wood Qualifies for the 2023 Lamacchia Realty President’s Club

Lamacchia Realty

Mary Wood has qualified for the 2023 Lamacchia Realty President’s Club by surpassing $16,000,000 in sales volume so far this year! Mary has been a force to be reckoned with since joining Lamacchia Realty in the Northborough office in 2022. In 2022, Mary qualified for the 2022 President’s Club as well as Lamacchia’s Top Producer Circle.

Realty 72
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Anywhere settles, NAR stands by its man amid outcry: Inman Top 5

Inman

With Inman Top 5, you'll find the most essential stories of the past week, as chosen by our Inman readers. Catch up with ease.

Agents 180
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Today’s Real Estate Risks: What Are Investors Ignoring?

BiggerPockets

Rising interest rates shouldn't be the only warning sign on your radar. Investors need to pay close attention to these growing risks.

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Is Anywhere’s settlement the first domino to fall? The Download

Inman

This week on The Download: Now that Anywhere has settled its portion of the bombshell commission lawsuit, who's next?

Agents 138
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Does Your Short-Term Rental Need a Selfie Wall?

BiggerPockets

A selfie wall can set your STR apart from the competition, increase your revenue, and help put your marketing efforts on autopilot.

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Is inflation on the rise again in Canada?

Mortgagebroker News

July CPI increase 'just a taste of things to come,' suggests chief economist

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How to Work LESS and Earn MORE by Putting “Profit First” in Real Estate

BiggerPockets

We know what you want: more profit while working less in your real estate business.

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Analysts see little prospect of imminent interest rate cuts

Mortgagebroker News

Rates are likely to remain elevated for a prolonged period, observers warn

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The Value of an AVM as a Cog in the Wheel

Eppraisal

An AVM (Automated Valuation Model) is a computer-generated estimate of a property's value based on data such as recent sales in the area, public records, and local market trends. While AVMs can be a useful tool for getting a ballpark estimate of a property's value, they have limitations and may not always provide a precise estimate of the property's true market value. "Consumer grade" AVMs have been around for nearly 20 years, Eppraisal and Zillow's Zestimate being tw

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Unemployment rate holds steady in August

Mortgagebroker News

The economy also added more jobs than expected

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Opinion: Automate title status check info with AI

Housing Wire

If you’re in the real estate industry, you certainly know that the average time from mortgage application to closing has been hovering around 50 days. It’s not a point of pride or badge of honor for any mortgage, title, real estate or valuation firm. If anything, it’s been one of the most stubborn (and most publicized) blemishes on the image of the entire home-buying process.