Fri.Aug 18, 2023

article thumbnail

Just 36 real estate brokerages and teams made the Inc. 5000 in 2023

Housing Wire

The slower housing market and uncertain economic conditions took their toll on the number of real estate brokerages and firms that were named to Inc. Magazine ’s 5000 list for 2023, a ranking of the fastest-growing companies in the U.S. Last year , over 60 real estate brokerage firms or real estate teams made the list, but this number shrank to just 36 in 2023.

Brokerage 370
article thumbnail

Former Zillow CEO unveils latest venture: an AI-powered, lead-gen assistant

Real Estate News

Serial entrepreneur Spencer Rascoff predicts real estate agents will be “one of the biggest verticals” that will use HeyLibby to turn contacts into customers.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Home pricing rules: don’t go if you don’t know

Housing Wire

A great Listing pre-qualification script pulls out critical facts so you can be best prepared to not just take the listing, but to price it right in the first place! Not prequalifying is unprofessional and can waste your time and the sellers. Always prequalify, 100% of the time! Price it to sell, not to sit. The best price reduction conversation is the one you never have to have.

Sellers 370
article thumbnail

Mortgage company, brokerage fined nearly $2 million for “kickbacks”

Real Estate News

The Consumer Financial Protection Bureau fined Freedom Mortgage $1.75 million and Realty Connect $200,000 for providing illegal incentives for loan referrals.

Brokerage 210
article thumbnail

Thousands of government-backed mortgages impacted by Maui fire

Housing Wire

The U.S. Department of Housing and Urban Development (HUD) this week announced a package of regulatory and administrative waivers that will allow the use of HUD funding to assist with the recovery of Maui after the island endured a series of devastating wildfires. The waivers come as thousands of government-backed mortgages on the island have been impacted by the disaster, according to data released by the office of Hawaii Gov.

article thumbnail

Judge rebuffs Chinese homebuyers’ push against Florida law

Real Estate News

The law, which took effect July 1, prohibits “foreign principles” from a number of countries from buying real estate in Florida.

Law 196

More Trending

article thumbnail

Employment Situation in July: State-Level Analysis

Eyes on Housing

Nonfarm payroll employment increased in 36 states in July compared to the previous month, while 14 states and the District of Columbia lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 187,000 in July, following a gain of 185,000 jobs in June. On a month-over-month basis, employment data was strong in Florida, which.

article thumbnail

Freedom Mortgage to pay $1.75M to settle agent kickback scheme

Inman

Regulators claim lenders' marketing agreements with more than 40 real estate brokerages, including Realty Connect USA, were a conduit for kickbacks that generated more than 1,000 mortgage referrals.

Realty 148
article thumbnail

Apps for Appraisers

Appraisal Today

7 Must-Have Apps for Appraisers By: McKissock Excerpts: 1. Dragon Anywhere Dragon Anywhere is a dictation and speech-to-text app that allows you to create, edit, and share documents from your mobile device. This professional-grade dictation service could save you tons of time on typing reports and taking notes in the field. The company boasts a 99% accuracy rate as well as powerful voice editing capabilities.

article thumbnail

Controversial Florida foreign buyer ban survives 1st major court battle

Inman

U.S. District Judge Allen Winsor denied a request by plaintiffs to stop the state from enforcing the law because it is based on citizenship, not race, so does not violate the Constitution and fair housing.

Buyers 148
article thumbnail

Patricia Kosiba Named Lamacchia Realty’s Employee of the Month – July 2023

Lamacchia Realty

Behind the incredible REALTORS® of Lamacchia Realty is a team of over 75 staff members that work tirelessly to support, propel, and operate the independently owned brokerage. Each and every staff member plays an integral role in the continued success of the quickly growing company. Lamacchia Realty views its staff members in the highest regard, fostering the values the full service, value-based brokerage prides itself on.

Realty 68
article thumbnail

Future so bright: Make tomorrow’s business your best ever in 5 steps

Inman

There will always be winners and losers in real estate, Jimmy Burgess writes this week. The winners in today’s market will take steps to increase sales now, while setting the stage for more business in the future.

Business 148
article thumbnail

Investing in Real Estate with Limited Savings: Making the Most of What You Have

Eppraisal

Investing in real estate can be an excellent way to build long-term wealth and financial security. However, many potential investors often face the challenge of limited savings, which can deter them from entering the real estate market. The good news is that with careful planning and smart strategies, it is possible to invest in real estate even with limited funds.

article thumbnail

Redfin CEO says housing sales volume has hit ‘rock bottom’

Inman

Redfin CEO Glenn Kelman on Wednesday told MarketWatch that current transaction levels — sustained primarily by people who absolutely need to move — are about as low as they ever get.

Inventory 148
article thumbnail

Minneapolis Has the Lowest Metropolitan Inflation Rate in the Country—It Started With Zoning

BiggerPockets

Zoning laws passed in 2018 have contributed to the lowest metropolitan inflation rate in the U.S. How did that work?

Law 68
article thumbnail

Compass expands into Santa Cruz with Monterey Bay Properties buy

Inman

Compass has purchased the 40-year-old brokerage and its team of nearly 40 agents, marking the publicly traded brokerage's first office in Santa Cruz County, the company announced Wednesday.

Brokerage 148
article thumbnail

Two more major Canadian banks begin offering first-home savings account

Mortgagebroker News

The program launched by the government earlier this year is aimed at helping more Canadians enter home ownership

article thumbnail

Kmart down to 2 locations, including 1 in haughty Hamptons

Inman

The town of Bridgehampton, where the median home price is $3.8 million, is home to one of just three remaining Kmarts. Soon it will be one of two, according to reports.

148
148
article thumbnail

How to Find Financial Freedom with Small Multifamily Rentals

BiggerPockets

Small multifamily investing is one of the fastest ways to reach financial freedom through real estate.

article thumbnail

‘An awakening’ to New Hampshire as luxury 2nd-home destination

Inman

The pandemic first started opening luxury buyers' eyes to New Hampshire's second-home-market opportunities, and now more and more ultra-luxury buyers are catching on.

Buyers 148
article thumbnail

Slower housing starts will have negligible effect on affordability: analyst

Mortgagebroker News

July housing starts mainly decelerated due to significant slowdown in urban starts, CMHC reports

65
article thumbnail

5 lessons we can learn from the Barbie marketing strategy

Inman

The Barbie movie marketing team pulled off the most significant grand slam in film promotion history. Here's what we can learn from it.

Marketing 148
article thumbnail

Equitable Bank exec talks lender's bumper Q2 earnings

Mortgagebroker News

'We continue to believe that the best way in this country to get a mortgage is through a mortgage broker'

article thumbnail

‘Hiya, Barbie!’: Iconic doll makes her real estate cameo

Inman

Barbie is having a moment right now — at the box office, on fashion runways and even in home design and real estate marketing.

article thumbnail

Ottawa industrial sector continues to weather the storm

Mortgagebroker News

Market relief is not likely to manifest until supply/demand dynamics recover to pre-pandemic levels, new report says

article thumbnail

Rolling recession, Rapattoni, REX: Catch up with Inman’s Top 5

Inman

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

Agents 148
article thumbnail

Business-building opportunities coming to the fore during downturn

Mortgagebroker News

Panel at upcoming Canadian Mortgage Summit to discuss ways to boost business in quieter times

article thumbnail

How to counteract Gary Keller’s latest recession prediction

Inman

In opening remarks at Keller Williams' Agent Mega Camp, Gary Keller predicted a "rolling recession" in 2024. What is it and what does it mean for you and your clients?

Clients 113
article thumbnail

Rookie Reply: Mortgage Points, Seasoning Periods, and Cash-Out Refinancing 101

BiggerPockets

Are mortgage points really worth it? In many cases, they can save you money on a loan.

article thumbnail

Officials call for freeze of controversial residential development in NB

Mortgagebroker News

Project for seven apartment buildings is slated to arise on a 35-acre former farm lot

article thumbnail

Declines for Custom Home Building

Eyes on Housing

NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates custom home building gained market share during recent quarters but experienced a drop for construction starts. There were 49,000 total custom building starts during the second quarter of the year. This marks almost an 8% decline compared to the second quarter of 2022, consisting with.

Design 145
article thumbnail

Mortgage market updates with Pineapple CEO

Mortgagebroker News

Executive talks latest trends

article thumbnail

[Webinar] Sync Tarion PDI Forms with Your Procore Account Using GoFormz

GoForrmz

Simplify your home inspection process with GoFormz and Procore GoFormz had the pleasure to team up, once again, with the Procore crew for a live webinar. This time, we were happy to cover the arduous process of home inspections, specific to the Tarion Pre-Delivery Inspection, or PDI, form. A process that once required painstaking manual data entry, and a lengthy assignment process, can now be handled in as long as it takes to walk through the property thanks to the GoFormz and Procore integratio