T3 Insight
Executive brief: articles and latest news
T3 Sixty’s monthly executive brief providing analysis on the most important trends and developments as well as a quick digest of the most notable news in the industry.
The industry has so many stories, blogs, press releases and announcements each month that we all struggle to digest the information and distinguish between truly meaningful developments and hype or advertisement.
With T3 Insight, T3 Sixty analyzes developing trends, provides new brokerage industry best practices, and creates new perspectives on recent developments in technology, leadership, and organized real estate, in a monthly executive brief. It helps executives understand how the industry is changing in real time.
Each monthly executive brief also includes a composite of latest news and current articles under the title “What We’re Reading.”
July 2022
June 2022
May 2022
April 2022
March 2022
February 2022
January 2022
December 2021
November 2021
October 2021
September 2021
August 2021
Have a question? Connect with our executive editor, Paul Hagey.
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Articles
Individual deep dive topics that T3 Sixty explores as part of the monthly executive brief
The articles listed here are an alternative view of the composite monthly brief. This offers an easy way to view recent, chronological, articles.
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July 2022
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Real estate leaders can find success, uncover new opportunities and even get stronger in a more “challenging” market, with smart, careful adjustments and business discipline. This article shares 12 approaches leaders can apply to successfully adapt.
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July 2022
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In this video, Michael Phelan, T3 Sixty vice president of marketing and technology, and Paul Hagey, T3 Sixty editor-in-chief, discuss the brokerage technology challenge that the recent RE/MAX announcement illustrates.
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July 2022
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Human resources represent real estate brokerage and teams’ most powerful asset. This article outlines how organizations can enhance their talent by leveraging the power of the network effect to expand and diversify their teams.
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July 2022
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Investor activity in the single-family housing market has significantly increased recently. This article explores some of the disparate geographic impact of the activity.
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June 2022
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As the market swirls with seemingly conflicting trend lines of increased prices, low inventory and low days on market, this article explores a leading indicator of homebuyer demand in three markets.
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June 2022
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Real estate data standards play a key role in helping push the industry data and technology forward. This article highlights where it is in its effort to provide and implement data standards across the industry.
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June 2022
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MLSs and brokers are also collaborating in new ways to advance MLS service into a modern business that consumers need and want. This article dives into one strategy unfolding in Tennessee.
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May 2022
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Real estate leaders at the 2022 T3 Summit explored some compelling themes and trends the industry and brokerages currently face. This article provides a brief overview along with some highlights of trends discussed at the event.
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May 2022
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In T3 Sixty’s work with brokers and agents, three technology categories have become apparent that brokerages find they can significantly improve the efficiency and efficacy of their and their agents’ efforts. This article highlights these categories.
What We’re Reading
Notable industry articles curated with T3 Sixty’s perspective
Every month T3 gathers most important news across all companies, brands and regions and created an executive summary for quick and easy review.
- Article available on New York Times
This data-heavy article provides an insightful heat map that shows how the housing supply shortage has expanded to more areas of the country, from 2012 to 2019. The housing shortage has spread from a concentration along the coasts to more places in between, something many real estate brokers face on a daily basis. This piece adds some data and perspective to the issue.
- Article available on Inman
RE/MAX announced that it is shuttering booj, the popular end-to-end tech platform it acquired in 2018, and moving to an enterprise technology relationship with Inside Real Estate. The move signals some of the challenges brokerage companies face when they look to buy and operate technology, a significant, daunting challenge, no matter how powerful it is upon acquisition.
- Article available on New York Times
This article explores the nuances of the cooling market sparked by rising mortgage rates including with the impact on home sales, individual brokers, agents and consumers. The analysis and reporting adds analysis and perspective to the shifting market, and helps make it all the more real.
- Article available on Joint Center For Housing Studies of Harvard University
The annual “State of the Nation’s Housing” report from Harvard’s Joint Center for Housing Studies dropped in late June, and it highlights the U.S. real estate industry’s rising housing costs. The report is always a must-read for industry watchers, and this edition is no different. Among other insights, it notes that home and rent prices jumped a higher percentage year over year in 2021 than any year since 2004.
- Article available on Inman
In a bid to rival Zillow’s formidable New York City-focused real estate portal StreetEasy, CoStar Group has launched Citysnap, in partnership with the Real Estate Board of New York, whose Residential Listing Service feed will provide rental and sale listings to the site. Since it jumped into the residential real estate sales side of the industry with its acquisition of Homesnap in December 2020, CoStar Group has been vocal about viewing Zillow as a competitor. The launch of Citysnap brings the competition into a local focus in New York City. Rental and for-sale listings of REBNY members will appear on the portal at no cost; StreetEasy charges agents to display rental and for-sale listings.
- Article available on Notorious Rob
Residential real estate writer Rob Hahn, who blogs as Notorious Rob, presents a digest of compelling data and analysis of Opendoor’s strategy of selling homes it owns directly to buyers, outside of the MLS and without the concomitant commission fees. Exclusive marketplaces are one of the big holy grails for the iBuying business model, and scale provides increasing advantages in applying it. This piece adds food for thought in the evolving iBuying model, and the broader alternative finance one.
- Article available on Census
Building remains a key relief valve in the extreme supply-demand imbalance the housing market has sustained for years. But with affordability hampered by rising interest rates, builders are getting skittish as exemplified in the latest housing starts data from the U.S. Census Bureau, which shows that starts dropped 14.4 percent from April to May.
- Article available on US Federal Reserve
Jerome Powell, the chairman of the U.S. Federal Reserve, the organization that perhaps plays the largest role in controlling U.S. interest rates, declared that homebuyers need a “reset” when it comes to supply-and-demand balance in a press conference he held in June. Actions this year by the Fed, which have led to rapidly increasing rates in an attempt to, in part, curb inflation, have revealed this perspective, but hearing it explicitly from the chairman in a public forum gives more weight to the direction and effort by the organization and how it may impact real estate.
- Article available on RealTrends
The new Rent. brand for the network that Redfin acquired in 2021 covers the rental marketplaces under its umbrella including Rent.com, Rentals.com and ApartmentGuide.com. The nation’s large portals have undergone focused strategies to develop their rental marketplaces as they look to dominate all things home, and expand their relationship with future homeowners. This rebrand continues the evolution as large real estate players evolve their rental strategies.
- Article available on Fannie Mae
With rising interest rates and sustained low inventory, Fannie Mae’s Economic and Strategic Research Group has increased the percentage that it believes home sales will drop in 2022 from 2021 to 13.5 percent, in its June forecast. The group forecasts that this year will end with a total of 5.3 million existing-homes sold, down from 2021’s 6.1 million. The market is undeniably changing. Review this month’s Insight article by T3 Sixty CEO Jack Miller with how to successfully respond to a changing market.