Mon.Jan 09, 2023

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Housing Market Tracker: A notable drop in inventory

Housing Wire

The housing market saw inventory fall 4% last week from the week before. That’s a big one-week change. Does that mean we are heading back to all-time lows in inventory again for 2023? Traditionally, we do see housing inventory fall in the month of December, however, we clearly saw in the second half of 2022 that higher rates created more days on the market and inventory was lingering longer.

Inventory 530
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How luxury real estate is developing in the metaverse

Inman

The metaverse is quickly becoming a platform, or a collection of several platforms, where you can advertise, socialize, build, and explore. It’s no wonder we’ve started to imagine how to bring real estate to this realm.

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Rocket Mortgage affiliate restructures marketing team, imposes layoffs 

Housing Wire

With a challenging year ahead, the professional services company affiliated with Rocket Mortgage has decided to restructure the marketing team in the first week of 2023, resulting in about 20 jobs cut, according to former employees. . “After nearly 13 years with Rocket Mortgage, I was relieved of my duties on Friday as part of restructuring during these tough market conditions,” Tony Saia, former director of marketing channel strategy, wrote on social media on Monday morning.

Mortgage 474
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Inman launches immersive new video platform, Inman Access, for real estate professionals

Inman

The game-changing new offering launches today with hundreds of hours of original video content as well as content from Inman's vast video library. Subscribers get it all — anytime, anywhere.

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Daren Blomquist’s 2023 housing outlook

Housing Wire

This article is part of our 2022 – 2023 Housing Market Forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for this year, along with a roundtable discussion on how these insights apply to your business.

Retail 446
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Residential Building Worker Wage Growth Slowed

Eyes on Housing

Average hourly earnings for residential building workers* rose at a slower pace in November. After reaching the highest rate (8%) of 2021 in October, the pace of wage growth has retreated and remained below 4% for the past five consecutive months. The recent slowdown in wage growth will ease inflation pressures.

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#Airbnbust: Why It May Be Time to Rethink Short-Term Rentals

BiggerPockets

It’s a story that’s echoed across social media platforms from rental property owners across the nation: Vacation rentals are no longer generating the steady revenue investors grew to expect during […].

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Hate door-knocking? 4 alternatives for reaching new clients

Inman

As a real estate agent, your relationships are everything, so put them at the forefront. Put your best foot forward this year as you forge new connections and boost your business in the process. .

Clients 143
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Tips to Declutter Your Home for the New Year

Lamacchia Realty

TIPS TO DECLUTTER YOUR HOME FOR THE NEW YEAR. Are you looking to start the new year with a clutter-free home? It’s a great way to refresh your living space and give yourself peace of mind. Getting organized can be daunting, but with these tips, you’ll have your home looking spotless in no time. Create an Action Plan Decide which areas of your home need decluttering and set realistic goals for completing each room.

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Year of the off-market deal? DropOffer sees potential in 2023

Inman

Proptech DropOffer, a company that developed an app to help agents assist buyers in off-market transactions, predicts the number of selling alternatives on the market will result in an increase in non-MLS deals in 2023.

Marketing 137
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Should You Invest in Multifamily Real Estate in 2023? Or Will You Regret It?

Mashvisor

Are you wondering whether you should invest in multifamily real estate in 2023? Read on to find out what the market holds for investors.

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EXp founder Glenn Sanford speaks out on ‘lull’ in agent count growth

Inman

EXp World Holdings founder Glenn Sanford said the tumultuous housing market was a factor in him stepping back into the role of CEO at eXp Realty, and the firm's sluggish agent count growth.

Agents 137
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How to Get Accurate Property Comps

Kairos Appraisal Services

Property comparables, called “property comps” for short, play a significant role in the home appraisal process. Whether you are a seller, a buyer, a real estate agent, or a loan officer, using accurate property comps is essential for determining a listing price, financing for a mortgage loan, and assessing how much equity is in the… The post How to Get Accurate Property Comps appeared first on Kairos.

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7 must-do tasks to prep your listing for the market  

Inman

Luxury marketing expert Laura Stace shares her best practices to get listings buyer-ready. These seven "must-do" tasks are her essentials to make sure every property is ready for a timely sale process.

Marketing 131
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Has the Short-Term Rental Goldmine Run Dry?

BiggerPockets

Short-term rentals can be categorized, at least at a surface level, as the “easiest” investments of 2021 and 2022. With low interest rates and a surge of post-pandemic tourism, new […].

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Homebuyer sentiment ticks up again on signs of market top

Inman

More consumers are coming around to economists' views that home prices and mortgage rates probably peaked last year, according to a monthly survey by Fannie Mae.

Marketing 137
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Top 6 Houston Real Estate Predictions For 2023

Houston Properties

Our annual forecasts are 72% accurate. Here are our top predictions for the year ahead.

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5 myths (you may believe) about affordable housing

Inman

Think you know the facts about affordable housing? Think again. Missy Yost debunks five common misconceptions around affordable housing and shares ideas to help you get involved in your local community.

Agents 115
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How brokers can build their knowledge base

Mortgagebroker News

Elite Lending senior partner on how a mortgage professional builds long-term value

Lending 65
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Doorstead raises $21M Series B round, acquires Knox Financial

Inman

The Series B round, which brings Doorstead to $37 million in total funding since its 2019 seed round, includes investments from Avanta Ventures and MetaProp, according to an announcement.

Investing 115
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How will the labour market likely influence BoC rate moves?

Mortgagebroker News

Industry observers weigh in on the dynamics between employment and interest rates

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What happens when it’s time to sell a smart home?

Inman

Smart home products are great, but how do you decide what stays and what goes when you're selling a home with these upgrades?

Design 100
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What is the most stable commercial asset class in the GTA right now?

Mortgagebroker News

This property type continues to buoy the region's commercial property market

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Rocket rolls out new initiative with $0 credit report fees for brokers

Housing Wire

Rocket Pro TPO , a wholesale arm of Rocket Mortgage , will be providing credit reports at no cost for brokers when closing loans through the Detroit lender. The strategy is expected to court more brokers in an industry facing higher credit report fees. Rocket Pro TPO’s executive vice president Mike Fawaz said in an interview with HousingWire that the Fee Freedom initiative rolled out on Monday morning and aims to give the broker community “tools” to drum up business. “The marke

Clients 441
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How should you approach leadership in the mortgage industry?

Mortgagebroker News

Find out from a recently crowned member of the global 100

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Build-for-rent is a bet on the ‘new normal’ housing market

Housing Wire

One slice of the single-family home market that has gained traction over the past year in a topsy-turvy housing landscape is the build-for-rent sector — or BFR. Construction starts in the BFR market are being propelled by the ongoing demand for single-family rental units as high mortgage rates and limited for-sale inventory push home-purchase prospects further out of reach of many would-be homebuyers.

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Canadian Mortgage Awards: Nominations close on Friday

Mortgagebroker News

Make sure to get your nominations in ahead of the January 13 deadline

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3 Tips to Build a Better Health & Wellness Business This Year

GoForrmz

Kick off your new year with tech solutions for your business processes Resolution season is upon us, and as people return from vacations and holidays, they’re ready to start the new year with new habits and routines. Is your health and wellness business doing everything it can to reach new clients, support them, and help them achieve their goals? Whether you’re ready to make the switch to digital invoices to speed up your payment processes, or begin tracking data for better customer insight, her

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Feds unveil substantial boost to rapid housing development in Nova Scotia

Mortgagebroker News

The province is seeing a growing need for more housing supply

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Appraisal Racial Bias (part 1) (Copy)

Town & Country Residential Appraisals

Racial bias is not a new topic but it is quickly becoming a heated debate point in the world of real estate valuation. Much of it centers around a few lawsuits in which an individual (or group of individuals) feel that an appraisal reflected a value lower than it should have because the appraiser considered the race of an individual within the overall equation and in turn, allowing it to negatively impact the valuation process.