2023

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Zillow files antitrust suit against real estate listing services

Seattle Times Real Estate

The case is the latest challenge to established real estate players, after a federal jury decision dealt a blow to long-standing industry commission practices.

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Opinion: To support low-income borrowers, return Fannie Mae and Freddie Mac to the private sector

Housing Wire

Since the 2008 housing crisis , there have been significant changes that prompted the Treasury to place Fannie Mae and Freddie Mac under conservatorship. While the conservatorship has allowed for the mortgage market to be restored to its pre-crisis state and strengthened these two government-sponsored entities (GSEs), there are significant downsides to maintaining the status quo indefinitely.

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Sitzer | Burnett: Live updates from the buyer-agent commission trial

Inman

The long-awaited Sitzer | Burnett commission trial is underway in Kansas City, Missouri, and Inman is covering it all live as it unfolds. Check back early and often for news, views, schedules and more.

Agents 217
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What to Do With Your Home if You Buy a Second Property

RIS Media

The decision to buy a second property brings a host of considerations, and one of the most crucial among them is whether to sell or rent your existing home. This dilemma requires careful evaluation of financial, emotional, and strategic factors to ensure that the choice aligns with your goals and circumstances. We will explore renting… The post What to Do With Your Home if You Buy a Second Property appeared first on RISMedia.

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3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

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Property Taxes by State – 2022

Eye on Housing

NAHB analysis of the 2022 American Community Survey data shows that New Jersey leads the nation with the highest average annual real estate tax (RET) bill ($9,285)—$8,425 more than yearly property taxes paid by Alabama’s homeowners ($860). The size of this disparity grew 1.1% in 2022 and has increased 9.3% since 2017. Vermont was the only state for which the.

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How to leverage pop culture moments to improve your listings

Inman

When it comes to marketing high-end homes, it pays to think like an ad firm. That means knowing your target audience, using themes they’ll understand, and finding ways to creatively defy convention.

Marketing 202

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Hack at nation’s largest title company stalls closings

Real Estate News

Fidelity National Financial, parent company of Chicago Title and more, is blocking access to title and escrow services while it investigates a security breach.

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Housing Inventory and Demographics: The Next Big Shift

Calculated Risk Real Estate

Last week I saw the following tweet by my friend Logan Mohtashami, Lead Analyst for HousingWire.com about existing home inventory. I asked Logan about the timing, and he pointed out that several housing perma-bears had been predicting a flood of new inventory in the 2015 to 2025 timeframe as baby boomers downsized. That was obviously incorrect. In 2021 I wrote Housing and Demographics: The Next Big Shift.

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Breaking: Secret Order of Tents Society Granted Tax Exemption, Protecting Historic Bed Stuy HQ

Brownstoner

The historic secret aid society run by Black women that has a headquarters in the magnificent but dilapidated building at 87 MacDonough Street was granted a tax exemption today, according to New York City Council Member Justin Brannan. Brannan, chairman of the committee on finance, said in an email that the… Read More > The post Breaking: Secret Order of Tents Society Granted Tax Exemption, Protecting Historic Bed Stuy HQ appeared first on Brownstoner.

Finance 145
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103 Real Estate Jokes, Puns & Pick-up Lines You Haven’t Heard 1,000 Times

The Close

Is the market roller coaster of 2023 getting to you? Need a little pick-me-up? Perhaps a healthy dose of real estate jokes, puns, and pick-up lines is just what the doctor ordered to get you back on track. We hope you memorize a few of these cheesy, hilarious, oh-so-true, and groan-worthy real estate jokes to tell at tomorrow’s team or client meeting.

Agents 145
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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Which Banks Are in Danger of Failing or Collapse?

Marco Santarelli

Recently, a report posted on the Social Science Research Network found that 186 banks in the United States are at risk of failure due to rising interest rates and a high proportion of uninsured deposits. The report titled ‘Monetary Tightening and US Bank Fragility in 2023: Mark-to-Market Losses and Uninsured Depositor Runs?' estimated the market value loss of individual banks' assets during the Federal Reserve's rate-increasing campaign.

Banks 145
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Mortgage rates should drop below 7% as housing demand picks up

Housing Wire

What a week! Mortgage rates almost fell below 7%, the 10-year yield is below 4.25% again, and people are seriously talking about Fed rate cuts in 2024. Times can change quickly, which is why we created the weekly tracker so you have the information you need in real-time. Purchase application data Hello, early Christmas present! Mortgage rates have fallen by almost 1% in a short time, and it has created four straight weeks of positive purchase application data.

Mortgages 542
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What’s Old Is New Again: 4 Ingenious Home Transformations

Sotheby's International Real Estate

Whether a restyled former synagogue or a transfigured community theater, these four properties have been painstakingly, fashionably modified, respecting each one’s provenance while introducing architectural and aesthetic innovations. Sonoma’s Ruby Stone Building Ginger Martin | Sotheby’s International Realty – St. Helena Brokerage History meets modern luxury in this distinctive 6,743-square-foot property just a block from the Sonoma Plaza.

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7 Embarrassing Things Real Estate Agents Hate for You to See

Lighter Side of Real Estate

Plenty of people work around others all day long, but real estate agents are pretty much on stage all day, with clients watching and witnessing their every move. Inevitably, things happen that agents wish a client weren’t around to see! But if and when they do, it really helps when a client laughs with them, instead of at them! For some reason, it seems like there’s a handful of embarrassing things that happen to almost every agent at one point or another.

Agents 145
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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

Navigated 360° tours, like YourVRTours, advance pipelines by engaging clients further along the sales funnel. These immersive experiences provide comprehensive property insights, increasing buyer intent and readiness. By embracing navigated tours, agents can optimize property exposure, better qualify leads, and streamline the sales process. Stay ahead in the ever-evolving real estate landscape with innovative technology that elevates buyer journeys and progresses pipelines more effectively.

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What Does Contingent Mean in Real Estate?

HomeLight

You’ve been browsing for a home when suddenly a particular listing catches your eye. It’s a lovely four-bedroom Colonial, beautifully presented in the heart of a mature neighborhood. But as your eyes scan the details of the listing, you come across a term that makes you pause: “Contingent.” So, what does contingent mean in real estate?

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Opendoor lays off 22% of its workforce in latest round of cuts

Inman

In total, the company cut 560 positions, according to a statement Opendoor provided to Inman. The cuts, which were announced internally Tuesday morning, primarily focused on operations roles.

Sales 216
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11 Tips to Have The Best Home Building Experience

RIS Media

Building a new home is a significant milestone in anyone’s life, and the process can be both exhilarating and challenging. Whether considering existing new construction or contemplating creating a custom home, careful planning and informed decision-making are essential for a seamless home-buying experience. This comprehensive guide will explore critical tips to ensure you have the… The post 11 Tips to Have The Best Home Building Experience appeared first on RISMedia.

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Jury sides with home sellers in commissions trial

Real Estate News

After less than three hours of deliberation, the jury ruled for the plaintiffs in the landmark Sitzer/Burnett trial, awarding nearly $1.8 billion.

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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty

Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.

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May Housing Starts: Record Number of Multi-Family Housing Units Under Construction

Calculated Risk Real Estate

Housing Starts Increased Sharply to 1.631 million Annual Rate in May From the Census Bureau: Permits, Starts and Completions Housing Starts: Privately‐owned housing starts in May were at a seasonally adjusted annual rate of 1,631,000. This is 21.7 percent above the revised April estimate of 1,340,000 and is 5.7 percent above the May 2022 rate of 1,543,000.

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‘Blank Check’ to Developers or Chance to Curb Displacement: Locals Comment on City of Yes

Brownstoner

Feedback on the Adams administration’s proposed citywide zoning text amendment for housing, which would increase developers’ ability to build bigger buildings in residential neighborhoods, eliminate parking mandates, and mix manufacturing and residential buildings, amongst a number of other changes, got heated at a public scoping meeting last week. Dozens of… Read More > The post ‘Blank Check’ to Developers or Chance to Curb Displacement: Locals Comment on City of Yes appea

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Canadian Real Estate Bubble May Crash Until 2025 As Indicator Flashes Warning

Better Dwelling

Canada’s real estate bubble is popping, and another indicator is flashing a warning. Residential investment as a share of GDP fell again in Q3 2022, after peaking a year before. Such a large drop in housing investment has only ever preceded the popping of a real estate bubble. Central bank research also indicates real home […]. The post Canadian Real Estate Bubble May Crash Until 2025 As Indicator Flashes Warning appeared first on Better Dwelling.

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List of Failed Banks in the United States

Marco Santarelli

In this blog post, we will be reviewing the list of failed banks in the United States. It's never good news when we hear about a bank failure , and unfortunately, there have been quite a few in the United States over the years. From Washington Mutual and IndyMac in 2008 to Guaranty Bank and First NBC Bank in 2017, these failures can have a big impact on customers, employees, and the economy as a whole.

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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.

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Mr. Cooper hit with consumer class-action lawsuits over cyberattack 

Housing Wire

Mr. Cooper Group became the target of at least four consumer class-action lawsuits after disclosing a cyberattack at the end of October when customer information was compromised and the company shut down certain systems. On Oct. 31, the Dallas-based servicer and lender said it had experienced a cybersecurity incident with an unauthorized third party accessing certain portions of its technology systems and customer data.

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The Bold and the Beautiful: 4 Homes with Vibrant Interiors

Sotheby's International Real Estate

Choosing bold paint shades is an effortless way to transform an interior space from commonplace to compelling. These spirited residences succeed with vivid, eye-catching doses of color in a variety of spaces. Fifth Avenue Aerie Elizabeth L. Sample, Brenda S. Powers | Sotheby’s International Realty – East Side Manhattan Brokerage High above Fifth Avenue in East Harlem, this dramatic 3,045-square-foot condominium residence is a sophisticated aerie with magnificent views and floods of natural

Brokerage 142
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Square Foot Prices More than Double Inflation in 2022

Eye on Housing

Median square foot prices (excluding record-high improved lot values) for new for-sale single-family detached (SFD) homes started in 2022 increased 18%, according to NAHB’s analysis of the latest Survey of Construction data. Increases for square foot prices in new custom SFD homes were similarly high, averaging 19%, more than double the US inflation of 8% registered by the CPI the.

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Total Makeover: What’s the Cost of Gutting a Home and Remodeling?

HomeLight

Most home renovation shows would have you believe that gutting and remodeling your house is as simple as a 30-minute programming block. Draft up some pretty designs, get crazy with a sledgehammer, lay some tile, and bam — your dream house is complete. The reality is a little more complicated, not to mention pricey. According to HomeAdvisor, a full home renovation costs $150,000 on the high end, and that doesn’t account for unexpected bumps along the way.

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5 Data Proven Ways Agents Can Do 18% More Business

Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.

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Why high-net-worth individuals are purchasing secondary homes

Inman

Owning multiple properties is relatively common with ultra-high-net-worth individuals. Agents should be well-versed in helping them identify and acquire secondary homes that fulfill their needs and goals.

Agents 207
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Common Myths About Selling Houses

RIS Media

Selling a house can be complex and daunting, often filled with anxiety and uncertainty. Unfortunately, several myths and misconceptions surrounding home sales can further complicate matters for homeowners looking to sell their properties. We will delve into the common myths about selling houses and debunk them, providing clarity and valuable insights for anyone embarking on… The post Common Myths About Selling Houses appeared first on RISMedia.

Sales 141
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Georgia homesellers file their own commissions lawsuit

Real Estate News

The case takes aim at NAR and local as well as national brokerages, while calling out the current system as a way to protect ineffective agents.

Brokerage 338
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Lawler: New Census Long-Term Population Projections Are MASSIVELY Lower Than Previous Projections

Calculated Risk Real Estate

From housing economist Tom Lawler: Last Friday Census released new long-term projections of the US resident population, this time going out to 2100. The last time Census released long-term population projections was in 2017 (going out to 2060), and the 2023 projections for the “middle” scenario are massively lower than the 2017 projections.

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How Enriching the Lives of Your Clients Leads to Greater Sales Success

Speaker: Ari Capogeannis, Director - Revenue Marketing at NVIDIA and Bill Pappa, Sales and Marketing Leader at Ai Media Group

Building strong personal and professional relationships with clients is a critical success factor. Sales professionals who focus on relationship building generate more leads and raise their brand awareness. Because this can take time, having regular engagements can help you cultivate these relationships more efficiently. The most effective way to accomplish this is through direct hyper-personalized touchpoints.