Mon.Apr 29, 2024

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Home sellers are returning to the market

Housing Wire

The weekly volume of new listings is now higher than at anytime last year. It’s still April, so there could be as many as eight more weeks of seller growth in the spring housing market. And seller growth is happening pretty much everywhere across the country, with Florida and Texas leading the way. There’s two ways to interpret these trends. The bearish take is that there are many more sellers than buyers and inventory is rising.

Marketing 507
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Douglas Elliman the latest firm to settle commissions lawsuits

Real Estate News

The brokerage becomes the ninth real estate entity to strike a deal with home sellers, with an initial damages payment of nearly $8 million.

Brokerage 229
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Stronghill Capital shuts down consumer, correspondent lending

Housing Wire

Small-balance commercial lender Stronghill Capital shut down its nascent consumer and correspondent lending businesses late last week. The Austin, Texas-based lender will continue offering small-balance commercial and business purpose debt service coverage ratio (DSCR) loans to its clients, CEO John Eisinger told HousingWire Monday morning. He cited a difficult market and elevated rates as reasons for shutting down correspondent and consumer lending businesses , which were added in 2022.

Lending 476
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William Raveis: ‘Pivot, innovate, downsize, upsize and lead through it’

Real Estate News

As his namesake firm celebrates 50 years, Bill Raveis says the key to surviving rough cycles is to look for opportunities and “figure it out.

As-is 215
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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Blend receives $150M infusion from Haveli Investments

Housing Wire

California-based mortgage tech firm Blend Labs , which has pursued non-GAAP profitability since it went public in 2021 , announced a $150 million investment on Monday from private equity firm Haveli Investments. Blend will use $145 million of the proceeds to repay existing credit agreements. The remainder is for general corporate purposes, the company said in a prepared statement.

Equity 448
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Now’s a Great Time To Sell Your House

Keeping Current Matters

Thinking about selling your house?

Mortgages 346

More Trending

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Underperforming agents are getting a real estate reality check

Inman

As the commission landscape changes, Side's Hilary Saunders writes, it's time for agents, teams and brokerages to look at the ways this will improve the industry's reputation.

Agents 195
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Michigan attorney general reissues reverse mortgage consumer alert

Housing Wire

The attorney general of Michigan has re-released a consumer alert about the reverse mortgage product category during financial literacy month. The action is designed to inform consumers about the potential pros and cons of taking out these loans, according to an announcement issued by Attorney General Dana Nessel’s office on Monday. “A reverse mortgage is a type of home equity loan extended, in most cases, to those who are 62 years of age or older,” the announcement stated.

Mortgages 445
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Is NAR a net-positive? It depends if you ask an agent or a broker: Intel

Inman

These increasingly uncertain attitudes among agents in March were a departure from brokers, who were more likely to tell Intel that they still view the National Association of Realtors positively.

Agents 181
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Energy, consumer groups laud new federal efficiency standards for housing

Housing Wire

A coalition of energy- and consumer-focused trade groups lauded the release of new energy-efficiency standards for the construction of new single-family and multifamily homes, which were announced last week by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Agriculture (USDA). Nine groups released a joint statement and a series of individual perspectives to voice support for the move — including the American Council for an Energy-Efficient Economy (ACEEE), t

Finance 441
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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

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How multifamily can appeal to the baby boomer rental market

Inman

Many baby boomers are interested in rental markets close to home, multifamily expert Michael Zaransky writes, especially when they offer features that enhance their lifestyles and options.

Marketing 179
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Douglas Elliman settles the commission lawsuits

Housing Wire

Douglas Elliman has joined the growing list of brokerages that have settled the commission lawsuits. In an 8K filed with the Securities and Exchange Commission (SEC) on Friday, the firm announced that it had reached a nationwide settlement agreement with the Gibson lawsuit plaintiffs. According to the filing and an accompanying press release, the settlement covers Douglas Elliman and all of its subsidiaries.

Brokerage 447
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Stop justifying your fee. Start showing the cost of not using you

Inman

The same factors that won your first listing are the same ones that will be intergal in winning over buyers, writes TowerHill Realty CEO Patrick Kilner.

Brokerage 178
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ICE looks to rethink the mortgage servicing experience

Housing Wire

Intercontinental Exchange (ICE) introduced MSP Digital Experience (MSP DX), a conversational user interface designed to interact with the company’s leading mortgage servicing system, MSP. MSP DX provides servicing professionals with an intuitive, dynamic and conversational approach to working within MSP. The new interface is poised to streamline workflows, enhance efficiencies and simplify the training process for servicing team members.

Mortgages 426
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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

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Investing app Backflip sticks landing, secures $15M Series A

Inman

Backflip, a company that built an application to help investors analyze and finance properties to flip, has secured a $15 million Series A round of funding.

Land 165
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Housing affordability dipped in March: First American

Housing Wire

Housing affordability dipped in March on both a monthly and yearly basis, according to a new report by First American. Affordability fell by 0.1% compared with February, according to the First American Real House Price Index (RHPI). On an annualized basis, affordability fell by approximately 5%. Meanwhile, mortgage rates also rose over the course of the month.

Mortgages 415
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Energy Efficient Home Improvements Worth Doing

RIS Media

In today’s eco-conscious environment, energy efficiency isn’t just a buzzword—it’s a property’s standout feature. As a real estate agent, I witness first-hand how homeowners and buyers prioritize sustainability, driving demand for green improvements. This shift isn’t just ethical; it’s economical. Investments in energy-efficient home improvements, such as window replacements, insulation upgrades, solar panels and Energy… The post Energy Efficient Home Im

Agents 143
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Republic First Bank closes, sells to Fulton Bank 

Housing Wire

Pennsylvania-based Fulton Bank, National Association of Lancaster, has agreed to assume most of the deposits and assets of Republic First Bank , which state regulators seized on Friday to “protect depositors.” Republic collapsed after it failed to raise $75 million in capital from investors and exited the mortgage lending space.

Banks 407
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The Broker Action Plan for the Post-NAR Lawsuit Landscape

Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

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Navigating the Housing Market: A Seasonal Perspective

NAR: Economic Outlook

Navigating the Housing Market: A Seasonal Perspective Seasonality refers to predictable changes in data that correlate with certain times of the year; understanding it will help us anticipate trends.

Marketing 133
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These U.S. Cities Are Overflowing with Affordable Single-Family Homes Under $300k

Bigger Pockets

With median house prices in the U.S. inching towards half a million dollars and mortgage rates back over 7%, homebuyers and investors alike are getting choked out of the market.

Investor 130
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Douglas Elliman settles commission suits for up to $17.75M

Inman

The proposed deal would resolve pending antitrust claims that have been brought by homesellers, but not homebuyers.

Brokerage 160
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U.S. Immigration Crisis: What It Really Means for Housing Markets and Investors

Bigger Pockets

A record 300,000 migrants entered the U.S. through the southern border in December. Rather than trying to sneak past border agents, many surrendered to apply for asylum.

Investor 133
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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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Buyer’s Agent: What Do They Do and How Much Are The Fees

Maximum Exposure Real Estate

Are you wondering what a buyer’s agent is and why you should have one? You are probably thinking, do I need a buyer’s agent? Many consumers wonder why they should have a representative when purchasing a home. They wonder whether there will be any value. From my years of experience as a Realtor, I know […] The post Buyer’s Agent: What Do They Do and How Much Are The Fees appeared first on Maximum Real Estate Exposure.

Agents 120
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Real Estate Investors: Use These Loans to Get Your Construction Project Across the Finish Line

Bigger Pockets

This article is presented by CV3 Financial. Read our editorial guidelines for more information. The real estate market is ever-evolving, and there has been a growing trend toward ground-up construction.

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Douglas Elliman Settles Lawsuits, With Over Half of Payment ‘Contingent’

RIS Media

The settlement domino effect appears to be accelerating. Only one company—Keller Williams—chose to settle commission-focused lawsuits in the three months between November 2023 and February 2024, even as hundreds of companies were named in dozens of Burnett copycat suits across the country following a $1.8 billion verdict against the industry. Now, in the last month… The post Douglas Elliman Settles Lawsuits, With Over Half of Payment ‘Contingent’ appeared first on RISMedia.

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Tenant Not Paying Rent? Here’s What to Do

Bigger Pockets

A tenant not paying rent can turn your profit upside down. Should you find yourself in this situation, there are several key steps you must take.

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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.

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Understanding Delaware’s Transfer Tax: A Quick Guide

HomeLight

If you’re planning to sell your home in Delaware, you need to understand how transfer taxes work. Transfer taxes are fees imposed by state, county, or municipal authorities when a property changes hands. These fees will vary across state lines and will have further variations depending on the rules and regulations in your city or state. This short guide will explore how transfer taxes function in Delaware and what you, as a seller, can expect to pay when you transfer your property.

Title 111
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Increasing the Market for Green Building

Eye on Housing

Building upon our exploration of green building trends, major practices, and resilience strategies based on The Building Sustainably: Green & Resilient Single- Family Homes 2024 SmartMarket Brief, this article now shifts focus towards ways to increase green building within the housing market. Top Incentives to Build Green The survey asked all respondents to select the.

Marketing 105
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5 of the Top We Buy Houses for Cash Companies in Alabaster

HomeLight

Are you considering selling your Alabaster, Alabama home but don’t have the time, money, or know-how to make necessary repairs? Has life thrown you a curveball, requiring you to sell in days or weeks rather than months? If any of these scenarios sound familiar, a “We Buy Houses” company in Alabaster could be your perfect solution. These companies pay cash for homes in any condition, meaning there are no repairs, cleaning, or open houses needed.

Closing 111
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PropStream to Attend STR Summit

RIS Media

Lead generation platform PropStream has announced it will be attending the STR Summit, designed to educate aspiring Airbnb investors. The event occurs from June 23-25, 2024, in Denver, Colorado at the Gaylord Rockies Resort & Convention Center. The STR Summit is targeted at short-term rental investors. Topics of discussion include the ten steps to building… The post PropStream to Attend STR Summit appeared first on RISMedia.

Investor 122
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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.