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Housing Market: Affordability, Rates, Millennial Impact
Byron Lazine and Tom Toole discuss housing inventory dipping below 1M again, purchase applications increasing by 25%, U.S GDP rising 2.9% in Q4 2022, the rise in housing affordability and sentiment, and how inflation has derailed millennial home buying plans.
FEATURED
BAM
Most Famous Fictional Realtors: Ranked by BAM
Real estate agents often get a bad rap, especially in pop culture. But we know agents aren’t heartless monsters who eat their young, and there are quite a few realtors in TV and film to back that up. Here are our favorite fictional realtors, ranked.
RECENT POSTS
Trending TikTok Sounds To Use Starting January 30th
Every agent needs to prioritize creating captivating content on TikTok, but it’s not always easy to find inspiration. We’re taking the guesswork out of creating TikToks with viral potential by outlining trending TikTok sounds.
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Housing Market: Affordability, Rates, Millennial Impact
Byron Lazine and Tom Toole discuss housing inventory dipping below 1M again, purchase applications increasing by 25%, U.S GDP rising 2.9% in Q4 2022, the rise in housing affordability and sentiment, and how inflation has derailed millennial home buying plans.
Read More
Most Famous Fictional Realtors: Ranked by BAM
Real estate agents often get a bad rap, especially in pop culture. But we know agents aren’t heartless monsters who eat their young, and there are quite a few realtors in TV and film to back that up. Here are our favorite fictional realtors, ranked.
Read More
Talk Natural to Me: Zillow’s AI Natural-Language Search Engine
Buyers and renters on Zillow can now take advantage of an AI natural-language search engine, describing their ideal home the way they would to a friend. Zillow is the first real estate marketplace to offer this technology, which uses machine learning to adapt to user input.
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Redfin Reports Signs of a Housing Market Recovery
Redfin reports signs of a housing market recovery after a trough in the second week of November 2022. Economists say recovery has begun, with homebuyers returning to the market—but sellers have been slower to jump back in.
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The Tinder of Real Estate & Why Agents Should Be In Office
The Tinder of real estate, Robert Reffkin’s quote calling home offices the “killer of culture,” the return of Instagram photos, and the Tom Ferry Elite Retreat are today’s topics as Marley Presswood and Andrew Undem join Dan Oneil and The Broke Agent.
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Renters Bill of Rights: Biden-Harris Administration Announce Actions to Promote Rental Affordability
On January 26, 2023, the Biden-Harris Administration announced a Renters Bill of Rights, outlining actions to protect renters and promote rental affordability.
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2022 Mortgage Delinquencies
Black Knight, Inc. reported their “first look” at December’s month-end mortgage performance statistics, showing a drop in 2022 mortgage delinquencies for the year while prepayments reached a third consecutive record low.
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5 Ways to Articulate Today’s Unique Buying Opportunity to Home Buyers
During an epic hour-long BAM webinar with David Childers, the president of Keeping Current Matters (KCM), Byron Lazine asked how agents can articulate to consumers the unique buying opportunity present in today’s market.
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A Win for NAR: Courts Rule Closure of the DOJ’s Antitrust Investigations into NAR Policies
In a small win for NAR, United States District Judge Timothy Kelly ruled that settlement terms agreed to in 2020 are valid, including the closure of the Antitrust Division’s investigation into NAR’s Participation Rule and Clear Cooperation Policy.
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What to Tell Your Clients About the 2023 Real Estate Market
In a recent BAM Webinar, KCM President David Childers joined Byron Lazine to unpack the 2023 real estate market. Here are the key takeaways and talking points for agents.
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Will CoStar Acquire Realtor.com?
Will CoStar acquire Realtor.com? That’s the question on many minds as rumors circulate on CoStar’s big move into residential real estate through the acquisition of Move Inc., the parent company of Realtor.com.
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Can You Be a Great Mother AND Top Producer? | Marina Tolentino
Marina Tolentino joins The Massive Agent to discuss how she grew into the role of educator and top producer, challenges she faced as a real estate agent who is also a mother, why her team has a high retention rate, and what she’s learned from hosting webinars.
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Renters Can Instantly Schedule Tours On Zillow
Apartment renters in some markets can now instantly schedule tours on Zillow, choosing a day and time that fit their schedules without needing to contact or be contacted by the apartment manager.
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Swipe Right for a House: iFinder is the first “Dating App” to Match Home Buyers and Sellers
iFinder Offers, the first “dating app” to match home buyers and sellers, experienced an 85% growth in home submissions in 2022.
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Move Over Zillow… MLSs Combine Forces to Launch Nestfully
California Regional MLS, REcolorado and Bright MLS have combined forces to create Nestfully, which is set to launch in Q1 2023. The portal is designed to provide listing data for the consumer, and will give leads to brokerages for free.
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Airbnb Flips the Housing Market in These 25 Cities
Byron Lazine and Nicole White discuss Airbnb restrictions, inflation’s impact on millennials, the multi-billion dollar Microsoft investment in ChatGPT maker OpenAI, Americans leaving California and New York, and a new wealth tax that would include wealthy former CA residents.
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Relocation Boom? A Record Number of Home Buyers Look to New Metros in Search of Affordability
A record number of home buyers look to new metros in search of affordability in the latest Redfin report, with 24.6% of Redfin.com users looking to relocate in the fourth quarter of 2022.
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The Secret to Boosting Your Conversion Percentage with New Leads
Tom Toole shares an industry hack you can use to jump your conversion percentage, simply by making more human connections on a daily basis.
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Airbnb Restrictions: 25 Cities Cracking Down On Short-Term Rentals
An Insider article highlighted 25 cities in the U.S. and Canada that are cracking down on Airbnbs and other short-term rental properties. Learn why local governments are taking action to put Airbnb restrictions into place.
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Unpacking the 2023 Real Estate Market
KCM President David Childers will provide you with a clear understanding of the 2023 real estate market in the BAM webinar, scheduled for January 24, 2023.
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Fannie Mae Forecast: Affordability in the Housing Market will Take Time
The Fannie Mae forecast, published on January 20, 2023, lays out the findings and predictions of the Economic & Strategic Research Group (ESR), including an upward revision for 2022 GDP growth and a downward revision for 2023 home price growth.
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Candace Decker Reveals Her Strategy For Content That Recruits
Florida agent and cold-calling machine Candace Decker joins Matt Lionetti and The Broke Agent to discuss how she handles expireds, how she learned the scripts, what she did during Hurricane Ian, and how she’s using content to recruit other agents.
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Bam Good News: Builder Confidence, A Hobbit House For A 90-Year-Old, and a Country Escape for a Widower
Real estate can be pretty fickle, and constant negative news about mortgage rates, home prices, and layoffs can get people down.
Each week, we’re giving you the most uplifting and positive news in real estate. This industry can get tough, so here’s a little sunshine to start your week!
92% Of Millennials Say Inflation Has Altered Their Home Buying Plans
Real Estate Witch issued the 2023 edition of their Millennial Home Buyer Report, which indicates 92% of millennials say inflation has changed their home-buying plans.
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Worst of the Week: Bad Real Estate Pics for January 16th-22nd, 2023
We rounded up the worst of the week! Enjoy this collection of bad real estate pics for January 16th-22nd, 2023.
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Trending TikTok Sounds To Use Starting January 23rd
Every agent needs to prioritize creating captivating content on TikTok, but it’s not always easy to find inspiration. We’re taking the guesswork out of creating TikToks with viral potential by outlining trending TikTok sounds.
Read More
Inside Real Estate Acquires BoomTown
Breaking news: Inside Real Estate acquires BoomTown.
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Homebuilder Sentiment Shocker and What it Means For The Housing Market
An increase in mortgage applications, homebuilder sentiment rising for the first time in a year, and the need for more single-family housing completions are today’s topics as Byron Lazine and Tom Toole discuss the latest news on the U.S. housing market.
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Zillow Reports Housing Market is Closer to ‘Normal’
Zillow reports the U.S. housing market is closer to “normal,” with lower mortgage rates, inventory still less than ideal but more in line with seasonal expectations, and time on market higher than a year ago but lower than pre-pandemic norms.
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Student Housing Report
Yardi Matrix published its latest National Student Housing Report, projecting another strong year for the student housing market in 2023 after wrapping up its best year on record in 2022.
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Lower Debuts A New Mortgage Service Platform and Opendoor is its First Customer
Lower has debuted a new Mortgage service platform (MaaS) to make it easier for consumer brands to offer mortgage products to customers. After piloting the program, Opendoor, as their first customer, moved their mortgage fulfillment exclusively to Lower.
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Chris Smith Asks “Are Your Sellers Your BOSS?”
Chris Smith’s Instagram question, a BAM article on defining luxury, Housle as the Wordle of real estate, a Redfin iBuying confession, and Brooks Landry’s IG Reel about Facebook are today’s topics as Victoria Velazquez and Brooks Landry join Byron Lazine and The Broke Agent.
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Realtor.com’s Top 10 Markets for First-Time Home Buyers in 2023
Realtor.com just shared its forecast for the top 10 markets for first-time home buyers in 2023, highlighting factors that make those markets ideal for less experienced buyers.
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Agents React: Are Your Sellers Your Boss?
This week, Chris Smith posed a question on Instagram: Do you consider the seller your temporary boss? Here’s a look at how agents responded.
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Feeling Gucci: What Really Defines A Luxury Real Estate Agent?
What does it mean to be a luxury real estate agent? Troy Palmquist explores this question and argues that it has nothing to do with price point.
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2023 Multifamily Outlook
ardi Matrix® released its moderated 2023 Multifamily Outlook with projections for this year’s rent growth, which it expects to return to historical averages. Inflation, interest rates, and an increase in inventory will likely cut 2022’s rental growth in half.
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3 Non-Negotiables When Planning for Retirement
Don’t know where to start planning for retirement? We break down three non-negotiables when it comes to retirement for real estate agents.
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Haley Ingram Reveals What ACTUALLY Works On Social
Haley Ingram of Coffee & Contracts joins The Massive Agent to discuss the evolution of social media content, what type of content actually works for real estate agents in 2023, and how agents can use ChatGPT in their business (and why they absolutely should).
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Housle: The Wordle of Real Estate
Housle, which is being dubbed as the Wordle of real estate, came to the scene last week. Here’s everything you need to know about the new guessing game.
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