3 reasons a downturn can actually be an opportunity

At Inman Connect Las Vegas, panelists Thad Wong, Josh Harley and Kamini Lane agreed opportunities for real estate pros will abound in a downturn: Just reach out and grab them.

BoomTown embeds BrokerMint for end-to-end business automation

BoomTown promoted the rollout of fully integrated office oversight capabilities at Inman Connect Las Vegas to an exhibit hall full of current and prospective users on Wednesday.

When selling, don’t forget the power of ‘the familiar’: Derek Thompson

Deep down, even the most cutting-edge consumers tend to have a soft spot for things they already know and love, Derek Thompson argues.

Offerpad hangs on to profitability for 3rd-straight quarter amid shift

Offerpad recorded a gross profit of $93 million, an 83 percent annual increase and its third straight profitable quarter, according to a Q2 earnings report released Wednesday afternoon.

Google Futurist: What technology can do for this industry is boundless

Tameka Vasquez handles marketing at Google's Sidewalk Labs, an innovation-minded team of abstract thinkers, technologists and futurists focused on urban innovation. She spoke at the 2022 Inman Connect Las Vegas.

CENTURY 21 AllPoints Welcomes Tom Shrum as Regional Vice President of Sales

CENTURY 21 AllPoints is pleased to welcome Tom Shrum as Regional Vice President of Sales

covering Fairfield County and the Connecticut Shoreline.

A member of the Mid-Fairfield County Association of REALTORS®, Shrum, a third generation

Realtor® brings over 43 years of experience in real estate sales and business management.

Shrum’s most recent role was as a Licensed Real Estate Broker with William Pitt Sotheby’s

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Everyone is coming after agent commissions, DelPrete tells ICLV

During a session Wednesday at Inman Connect Las Vegas, real estate tech expert Mike DelPrete said staking out a piece of the agent commission pool is baked into newer business models.

Fredrik Eklund on the benefits of being a team member

The leader of one of Douglas Elliman's top teams, Eklund Gomes, and former Bravo reality television star spoke Wednesday at Inman Connect Las Vegas about his path to success in luxury real estate.

Anywhere COO: Time, friction and costs can be slashed across industry

At her first Inman Connect appearance on Wednesday, Anywhere COO Melissa McSherry talked about the power of technology to reduce friction.

SERHANT. snags 4 new agents, including 3 from Compass

David Fernandez, Jennifer Lee and Emanuele Fiore join the company from Compass, while Jason Christie comes from his independent brokerage, The Polaris Team.

Redfin CEO: Market correction is ‘sharper’, ‘faster’ than expected

Redfin CEO Glenn Kelman also said the flow of institutions into real estate has made housing more like the stock market, and that brokerages have to either "race to the top" or "race to the bottom."

‘A palpable sense of hesitancy’: Luxe agents shift gears amid slowdown

Owners of high-priced homes aren’t sure it’s the best time to list, and even buyers with deep pockets are sometimes afraid to wade in. Top agents shared ways to adapt at Inman Luxury Connect.

Gary Gold, Dottie Herman inducted into Inman Golden I Hall of Fame

Inman Luxury Connect brought out luxury's finest at the Aria Resort and Casino in Las Vegas, rewarding some of the best in the industry on Wednesday with luxury real estate's highest honor.

EXp World Holdings tallies double-digit growth in profit, revenue in Q2

The real estate company's revenue increased 42 percent annually to $1.4 billion, and its gross profits increase 34 percent compared to the second quarter of 2021, according to a Q2 earnings report Wednesday.

9 Pitfalls Students Must Be Aware of When Renting

While in college, many students quickly get tired of living in a crowded and noisy dorm and decide to move into a rented apartment to have more privacy and freedom. At first glance, renting in college can seem like a good idea, and it really can be. But, at the same time, there are many related pitfalls that you must be aware of.

What are these pitfalls? Read on, and we will tell you about the top nine of them!

Renting Alone Isn’t Cheap

An average college student has to cover a huge number of expenses every year. This includes tuition and fees, academic services like WritePaper, tutors, books, food, and much more. Needless to say, their budgets are rather limited. So, often, young people can’t afford to cover additional expenses, which brings us to the first pitfall students must be aware of when renting – doing this on your own is expensive.

The cost of a dorm room can be anywhere between $8,000 and $13,000 per year. The average one-bedroom apartment rent is $1,129 per month or $13,548 per year, plus an additional $2,000 or so for utilities per year. As a result, the cost of a dorm is somewhat lower.

Finding Someone to Live With Isn’t Easy

While living on your own can be pretty expensive, living with a roommate(s) isn’t all that easy too. First of all, you need to know that finding someone to share your apartment with won’t be a simple task.

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Mortgage rates fell again as housing market reaches ‘equilibrium’

Mortgage rates took a sharp turn lower last week, just one day after the Federal Reserve raised its benchmark rate.

The average 30-year fixed-rate mortgage fell to 5.22% on Thursday, down from 5.54% earlier in the week, shortly after the Fed announced another rate hike. Mortgage News Daily reported that the average rate fell even further on Friday, to 5.13%.

A conceptual look at variable mortgage rates.

Rates had stayed more or less flat in the days running up to the Fed’s latest meeting, having come down from their most recent record high of just over 6% earlier in July.

The decline in the 30-year fixed-rate mortgage came on the heels of the Bureau of Economic Analysis’s latest gross domestic product report, which revealed that the U.S. economy had contracted for the second successive quarter. That is, notably, a widely accepted signal that the economy is in recession. The report found that the U.S. GDP fell 0.9% at an annualized pace for the period, according to the advance estimate. Economists had been expecting ever so slight growth of 0.3%.

The news of the economic contraction saw investors rush to the safety of the bond market, resulting in yields falling. Mortgage rates generally tend to follow the yield on the 10-year U.S. Treasury bond.

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The 3 Best Ways For Landlords To Increase Their Profits

The rental market heavily favors landlords these days which means that it is a great time to see some big profits. Many landlords are making great money and are looking to keep the tap flowing. Others are wondering why they are not seeing those same profits and can’t take advantage of the situation. 

There is a lot of money being left on the table by some landlords who aren’t aware of how they need to change their habits to make more money during this opportunity. Some of the changes will be easy and some will be more difficult. In this article, we will go over some of the ways to take advantage right now to be able to increase profits. 

1 – Fix the property

Unfortunately, there are many unscrupulous landlords who figure that it is better to not keep their property maintained to make more money in the short term. The reality is that it is better to spend money now to avoid paying more later. The key is that you have to spend money now to make money. 

Those little problems that seem like inconveniences will end up much larger problems with the price tag to match. This will eat into your profits when you should be making more money.

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Chime stays busy in 2022, rolls out Social Studio marketing tool

The company announced at Inman Connect Las Vegas, the tool allows a hands-off approach to social outreach and a way to promote without spending long hours devising a strategy.

House Hunting in England: Rural Splendor in the South West Region

The pandemic has ‘accelerated the market in Somerset exponentially,’ with domestic buyers and investors keeping inventory scarce.

Will lower mortgage rates revive homebuyer demand?

The largest weekly decline in mortgage rates since 2020 sparks increase in home loan applications after four weeks of declining demand, MBA's survey says.

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