Brown Harris Stevens appoints property management director

The New York City-based brokerage has named Richard Horovitz as its residential property management division's senior vice president and director of residential property management.

Experts share how building community can build your business

Helping to create community can help build the business pipeline, experts said at Inman Connect Now. But real estate professionals should approach it from a place of genuine generosity.

Marketing can be tough in a shift. These experts show how to nail it

Industry experts said at Inman Connect Now that real estate agents need to focus on the basics, education and their communities, as market winds change direction.

Proptech investor Paul Hurst sees a ton of opportunity in market shift

The problems that proptechs are trying to solve — inefficiencies in real estate transactions — remain, said Parker89 Managing Director Paul Hurst, while speaking at Connect Now.

Agents: Beware the pessimists predicting crash as market shifts

Real estate agents can keep clients informed about a changing market without buying into doomsday proclamations, three top brokers argued on Thursday at Inman Connect Now.

3 CEOs share their tips on tackling affordability: ‘It’s a time to fight’

Homeward CEO Tim Heyl, Divvy CEO Adena Hefets and Flyhomes CEO Tushar Garg dished on how the market shift has impacted Power Buyers at Inman Connect Now on Thursday.

Broker Spotlight: Sarah Ellis, Corcoran Classic Living

This week the Spotlight shines on Sarah Ellis, an Athens, Georgia real estate broker focused on service and sincerity.

Homes for Sale in Westchester and Connecticut

This week’s available properties are a five-bedroom house in Ossining, N.Y., and a four-bedroom in Westport, Conn.

Homes for Sale in New York City

This week’s available properties are on the Upper East Side, in Kensington and in Forest Hills.

How the Federal Reserve is Helping the Housing Market

At first glance, it might seem intuitive that rising interest rates will have a negative effect on the housing market. However, with a little more thought, the opposite is more likely to be true. Interest rates rising today and for the next several months is probably good for the housing market. Specifically for home buyers and real estate agents in need of more inventory on the market and at more stable prices. Is the Federal Reserve the answer?

In his remarks to reporters on June 13, Federal Reserve Chairman Jerome Powell said…

“Obviously, we are watching that quite carefully [prices and mortgage rates]. … It’s a very tight market. … So, it’s a complicated situation and we watch it very carefully. … We need to get back to a place where supply and demand are back together and where inflation is down low again, and mortgage rates are low again.”

Realistic Mortgage Rates Return

Historically low interest rates for the past couple of years have enabled housing prices to soar at an astonishing rate. Desperate buyers bid up prices to unaffordable levels in a race to get a purchase locked in before prices went even higher. At the same time, potential sellers delayed listing houses on the market in hopes that prices would go higher. That is all ending now with higher and still rising interest rates, which when combined with peak prices have drawn an unaffordability line in the sand that many potential buyers cannot cross.

That means fewer buyers in the market – which also means lower demand. At the same time, prices are close to the peak in this market cycle. For sellers that want top dollar, now is the time to sell. That means more inventory is entering the market. With rising interest rates, we can expect supply and demand to move towards a more balanced market.

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What these eerie parallels to the past 4 real estate market crashes may foreshadow

Looking at the history of the last four market downturns indicates turbulent times may be ahead, according to coach and author Bernice Ross. The best agents and brokers will start preparing now.

Systems, support and opportunity: What your agents need from you

When you're providing leadership, nothing says more than your actions, according to The Agency's Mauricio Umansky. Your goal as a leader is to give your team what they need to thrive, succeed and feel supported every step of the way.

Cost of Owning a Home Surges Above the Cost of Renting One

A new report shows that having a mortgage is far more expensive than having a lease, a disparity that is helping to cool a red-hot housing market.

Seeking a West Village Rental for Less Than $3,000. Which Option Did She Choose?

When a pandemic price hike forced her out of her one-bedroom apartment, a downtown renter searched for something comparable that she could afford. Here’s what she found.

5 steps for onboarding team members who’ll stick

Onboarding is the most important thing you can do for a new hire, according to agent Joel Lock. It sets them up for success both personally and in their new role.

Crisis management: Are you a peacetime or a wartime leader?

Some leaders are wired for crisis while others are more focused on building the culture of their company. Team leader Adam Hergenrother looks at how the natural leadership styles of peacetime and wartime leaders differ and how they are suited to different market conditions and phases of growth.

SNEAK PEEK: How to pivot your marketing strategy in a market shift

Today at Connect Now, experts are sharing their best strategies for how to present your message and brand as the market shifts. Tune in LIVE + receive access to the replays.

Home flipper activity jumps, while profitability plummets

Slowdown in bidding wars is "having a predictable impact on profit margins for investors," said Rick Sharga, executive vice president of market intelligence from Attom, in the latest report.

What other agents are highlighting (and hiding) in listing photos

Using fancy computer techniques, researchers analyzed more than 14,000 photos of homes for sale. From bedrooms to decks, here are the most popular features.

Industry vet Melissa Kwan’s latest company to power REACH class

Melissa Kwan launched eWebinar in 2019, demonstrating remarkable prescience prior to a pandemic that would push so much of the industry into online business.

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