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Inman News
Thriving in a low-inventory market: Tips for 2024
It's an oft-repeated adage that real estate is cyclical. Well, figures recently released by the National Association of Realtors (NAR) put the industry back in 2010. That's because existing home sales have dropped over 15 percent year-over-year.
What’s the difference between an Instagram Story and a Reel?
This week, Sue "Pinky" Benson explains the difference between Instagram's Reels and Stories features. Hint: They're nothing alike.
The 4 most desired features of historic homes
For some buyers, purchasing a home isn’t only about finding a place to live, it's about finding a home that tells a story.
3 timeless strategies for agents to prepare for productivity in 2024
Believe it or not, there are less than two months left in 2023. And there’s no better time than right now for real estate agents to evaluate their recent productivity and establish the framework for success in the year ahead.
The rental application: Your most important fraud prevention tool
Rental application fraud is a persistent hazard of leasing and continues to challenge property agents everywhere. TransUnion commissioned a survey of single-family and multifamily property managers that showed a whopping 97 percent of respondents had experienced application fraud.
The power of choice: Mortgage brokers vs. mortgage bankers
In the world of homebuying, we often find ourselves discussing the vital role of mortgage professionals. You've likely encountered two key players in this field: mortgage bankers and mortgage brokers.
Great questions are the key to winning negotiations
Some negotiations go beyond the deal itself. Learning to effectively navigate them can positively impact your productivity and growth, writes broker Nick Schlekeway.
Big drop in mortgage rates as unemployment hints at recession
After breaching 8 percent in mid-October, 30-year fixed mortgage rates have plummeted to levels not seen since September as more investors expect Fed policymakers to lower rates in the spring.
That’s a lot of zeroes. So where do we go from here? The Download
This week, we're breaking down the aftermath of that $5 billion verdict in favor of the plaintiffs in Sitzer | Burnett.
The verdict: Inman’s Top 5 stories of the week
With Inman Top 5, you'll find the week's most essential stories, as chosen by our readers. Here are the most-read articles for Oct. 27 - Nov. 2, 2023.
This trend has cost New York City over 100,000 apartments
Two or more smaller apartments being combined to make one bigger living space has cost the city over 100,000 housing units according to "The New York Times."
7 phrases happy and successful agents say daily
Jimmy Burgess helps you tackle your stinkin' thinkin' and elevate your vibration with positive attitude techniques that can transform the way you do business.
Exemplary agents will see commissions grow: NextHome CEO
NextHome CEO James Dwiggins points out that the final chapter of the bombshell commission lawsuits hasn't been written in this interview with Bernice Ross. Find out what you need to know to plan ahead.
Inspired, purposeful productivity app RealtyTek is a good start: Tech Review
RealtyTek is a mobile app for real estate agents and their customers to help automate transaction business functions, but it struggles with growing pains in a few critical places.
Better launches digital home insurance product with partners
Available in Arizona, Oregon and Illinois at launch, Better Insurance will expand into Oklahoma, Tennessee and Wisconsin in the next four weeks. The goal is to be in all 50 states in a year.
Vrbo parent company Expedia reports ‘best-ever’ quarter
Despite Vrbo itself struggling, Expedia, the travel booking company that owns the short-term rentals platform, recorded $425 million in profits during the third quarter.
Rocket stays profitable in Q3 but still in the red for the year
Cost-cutting helped the mortgage lending giant rack up its second consecutive profitable quarter, but at $61.45 billion, mortgage originations for the year to date are down 46 percent from a year ago.
In 2024, Lone Wolf customers to experience next-generation products
Prominent proptech company Lone Wolf Technologies used the stage at an industry conference to present a revamped product line set to roll out to real estate brokerages in phases starting in 2024, a Nov. 1 press release said.
EXp maintains profitability as revenue declines 2% to $1.2B
EXp World Holdings' revenue declined 2 percent annually to $1.2 billion in the third quarter, according to a call on Thursday. The company held onto its profitability, with net income reaching $1.4 million.
RE/MAX sees revenue decline for 5th consecutive quarter
Amidst challenging market conditions, the real estate franchisor's total revenue was down 8.7 percent year over year to $81.2 million, coming just shy of analysts' expectations. The company also suffered a net loss of $59.5 million.