Fri.Dec 13, 2024

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RESO announces 2025 board of directors election results

Housing Wire

The Real Estate Standards Organization (RESO) is welcoming many new and returning board of director members in 2025. The organization announced its board of directors election results, as well as director and executive committee appointments in a release on Thursday. It is a pivotal year for organized real estate, and our membership responded by voting for steady guidance to lead the way, Rebecca Jensen, the president and CEO of Midwest Real Estate Data (MRED), said in a statement.

MLS 367
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What Homebuyers Need To Know About Credit Scores

Keeping Current Matters

Data shows 7 out of 10 prospective homebuyers don’t know the minimum credit score required by lenders or that it varies by lender and loan type.

Loans 173
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Fathom Realty hires Andrew Shock as VP of operations

Housing Wire

Fathom Realty , a subsidiary of Fathom Holdings Inc. , has appointed a new vice president of operations. Andrew Shock, who has more 20 years of experience in the residential brokerage industry, takes on the role. “Andrew’s expertise, knowledge, and positive energy align perfectly with our vision and will drive us toward our goals,” Samantha Giuggio , president of Fathom Realty and chief operations officer of Fathom Holdings, said in a statement. “With his leadership, we a

Brokerage 366
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Another NAR bombshell reflects financial waste, hypocrisy

Inman

According to Cara Ameer, the National Association of Realtors owes its members an apology along with the option to opt out of membership.

MLS 153
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The 2025 Real Estate Roadmap to Success

Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

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Lenders must address repurchase risk before they go bust

Housing Wire

While buyback volumes remain well below their 2022 peak, they are still elevated compared to pre- pandemic levels. The added cost pours salt in the wound for credit unions, banks, and independent mortgage bankers , who are already recording average pre-tax losses of $534 per loan origination. This challenging environment, marked by high operating costs and low origination volumes, has pushed lenders to operate leaner than ever, as evidenced by reports from the Mortgage Bankers Association that i

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Inman proudly announces the 2025 ICNY Ambassadors

Inman

Inman proudly unveils the 2025 Ambassadors for Inman Connect New York, led by Head Ambassador Matt Richling. This dynamic group of industry leaders will foster collaboration and deliver unparalleled insights at real estates premier event, taking place Jan. 22-24, 2025, at the Hilton New York Midtown. Dont miss your chance to join them register today!

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Kickbacks, hidden agendas, mailers that work: Inman Top 5

Inman

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Brokerage 139
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Sue Yannaccone says Anywhere is looking to raise the bar in 2025

Housing Wire

Given the Department of Justice s ongoing legal battle with the National Association of Realtors (NAR), Sue Yannaccone the president and CEO of Anywhere Brands and Anywhere Advisors knows that the legal landscape for real estate in 2025 will continue to be a challenge. But that isnt what she wants her firm to focus on in the year ahead. I definitely believe that the legal environment is still there and theres a lot going on, but it is really critical that we focus on … helping our agents

Title 358
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Lessons in resilience from Olympian Connor Fields

Inman

Inman Connect New York is renowned for gathering the brightest minds in real estate, offering unparalleled access to expert insights and networking opportunities.

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CFPB reports ‘significant’ drop in mortgage applications, originations in 2023

Housing Wire

Mortgage application and origination activity dropped by roughly one-third from 2022 to 2023 as high interest rates depressed broader industry activity. That’s according to Home Mortgage Disclosure Act (HMDA) data published by the Consumer Financial Protection Bureau (CFPB) in a report released Friday. The decline was sharper for refinances when compared with purchase loans, according to the report.

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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 Labs will power originations, closings for PHH Mortgage

Inman

The cloud banking software provider is finishing up the year with a bang, announcing a partnership with a leading loan servicer and recruiting PlanSource veteran Srini Venkatramani as the company's new head of product.

Closing 110
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Planet Financial Group raises $475M in unsecured debt offering 

Housing Wire

Planet Financial Group , the parent company of Planet Home Lending , completed the issuance of $475 million in senior unsecured notes this week, the latest mortgage company to raise debt in an oversubscribed transaction. The companys initial target for the offering was $400 million. The notes, which carry a 10.5% interest rate, are due in December 2029.

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Find out how this Survivor is thriving in real estate

Inman

Tune in to Inman Access, and learn how to grow and scale your business with the help of "Survivor" favorite Quintavius Burdette.

Agents 103
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New MBA securities proposal mentions HMBS 2.0 as ‘logistical template’

Housing Wire

The Mortgage Bankers Association (MBA) this week published a proposal for Ginnie Mae to develop a new mortgage securitization product that could boost the availability of private capital liquidity sources into the market, particularly in periods of stress for the U.S. economy. Importantly, the association said that the recent development of Ginnie Maes new, complementary Home Equity Conversion Mortgage ( HECM )-backed Securities ( HMBS ) product known as HMBS 2.0 could serve as a logistical te

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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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Reinvention hits the right notes: What real estate agents can learn from Nashville’s music legacy

Inman

Inman Connect is going on tour in 2025. First stop: Nashville, Tennessee! The Future of Real Estate, Amplified: March 11-12, 2025.

Agents 100
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Today’s sellers don’t have to worry about underwater mortgages

Housing Wire

The recent CoreLogic Homeowner Equity Insights report for Q3 shows a continued positive trend of a lack of underwater mortgages in America today. Underwater mortgages where borrowers owe more on their home than what it is worth pose a risk of foreclosure and hinder people from selling their homes, something that was rampant after 2008. In 2010, more than 23% of homes in America were underwater.

Mortgages 269
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How to Sell My House Fast in Fredericksburg: Cash Offer Options

HomeLight

Are you a homeowner in Fredericksburg, Virginia, looking to sell your house quickly? Whether you’re facing financial strain, unexpected life circumstances, or simply looking to start your next chapter, the need for a fast home sale can often feel like an overwhelming task. In this post, we’ll explore two viable options to help you sell your Fredericksburg home with speed: requesting a cash offer or hiring a top real estate agent.

Sales 98
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Lutz homebuyer commission lawsuit adds over 30 new plaintiffs

Housing Wire

The Batton homebuyer commission lawsuits are not the only ones getting updated complaints. On Thursday, James Lutz, the lead plaintiff in the Lutz homebuyer commission suit in Florida, filed a second amended complaint. This updated complaint adds 31 new plaintiffs to the suit, including many familiar names, such as Scott Davis, James Mullis and Mya Batton.

MLS 259
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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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Automated, integrated ActivePipe elevates email: Tech Review

Inman

Craig Rowe reviews ActivePipe, a MoxiWorks application designed to launch advanced email campaigns for lead generation, brokerage branding and long-term customer engagement.

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Florida Real Estate: 9 Housing Markets Predicted to Rise in 2025

Marco Santarelli

Are you thinking of buying a home in Florida? Realtor.com predicts that nine Florida metro areas are poised for significant housing market growth in 2025. These areas are attracting buyers due to a mix of factors like affordability, new construction, and a diverse population, making them attractive for those looking to invest in real estate. Let's explore which areas are on the rise and what makes them so appealing.

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6 tips for refreshing your real estate business plan for 2025

Inman

Your business is a reflection of you, broker Zak Shellhammer writes. The more it aligns with your values and passions, the more successful and satisfying it will be.

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Daily Links: City Moves Forward With BQE Plans Despite Community’s Concerns

Brownstoner

In the News NYC Grocery Prices Are High. Could City-Owned Stores Help? [NYT] DOT Barrels Ahead With BQE Environmental Review [Eagle] Lott House Hosts Annual Holiday Tree Lighting [BP] EPA Plans to Fix Gowanus Stench Has Locals Wary, Hopeful [BK Reader] Liquid, Eggs Thrown at People From Burg Apartment: Locals [News12] Tax Break Helps Landlords Meet… Read More > The post Daily Links: City Moves Forward With BQE Plans Despite Community’s Concerns appeared first on Brownstoner.

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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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Renters feel less connected to their neighbors than homeowners

Inman

Renters are more likely than homeowners to feel disconnected from their neighbors, according to a Redfin-commissioned survey of 894 renters and 805 homeowners aged 18 to 65.

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A Ditmas Park West Standalone With Parking and More to See, Starting at $989K

Brownstoner

Our picks for open houses to check out this weekend are found in Park Slope, Ditmas Park West, Crown Heights, and Canarsie. They range in price from $989,000 to $3.6 million. 30 Sterling Place Price: $3.6 million Area: Park Slope Broker: Compass (Malika Oyo) Sunday December 15, 12-1:30 p.m. See it here -> 465 Argyle Road Price:… Read More > The post A Ditmas Park West Standalone With Parking and More to See, Starting at $989K appeared first on Brownstoner.

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Alexander bros granted bail by state, but likely to be held by feds

Inman

Oren received a $3 million bond and Alon was granted a $2 million bond, both secured by their father's house. The brothers are currently under house arrest and will appear before a federal judge on Monday in Miami.

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Affordability Dips, With Qualifying Income Back Above $100,000

RIS Media

Housing affordability worsened slightly in October, according to the latest National Association of REALTORS (NAR) Housing Affordability Index, and the qualifying income to afford a median-priced home rose above $100,000 again after briefly dipping below that benchmark. After the index fell sharply during the summer as mortgage rates climbed above 7% and home prices continued… The post Affordability Dips, With Qualifying Income Back Above $100,000 appeared first on RISMedia.

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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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ERA Real Estate ‘Moves Up’ with new marketing campaign

Inman

ERA Real Estate is ending the year with "It's time to move up," a marketing campaign highlighting the brand's growth and record 99 percent recommendation rating amongst consumers.

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Import Data for Residential Construction Materials

Eye on Housing

NAHB estimates that $184 billion worth of goods were used in the construction of both new multifamily and single-family housing in 2023. Additionally, we estimate that $13 billon of those goods were imported from outside of the U.S. These figures lead to 7% of all goods used in new residential construction originating from a foreign.

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ERA Real Estate Launches ‘Move Up’ Campaign

RIS Media

ERA Real Estate has announced the launch of a new marketing campaign, Its time to move up, to reinforce the ERA brands promise to both agents and consumers. The campaign leveraged findings from agents and consumer research and builds on the ERA brands 99% recommendation rating, underscoring the brands affiliated agents and companies… The post ERA Real Estate Launches Move Up Campaign appeared first on RISMedia.

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Mortgage Activity Declines in November as Rates Continue to Increase

Eye on Housing

The Market Composite Index, a measure of mortgage loan application volume by the Mortgage Bankers Association’s (MBA) weekly survey, decreased 14.5%, month-over-month, in November on a seasonally adjusted (SA) basis. The slowdown in mortgage activity can be attributed to higher mortgage rates as the ten-year Treasury yield increased in November, reflecting uncertainties surrounding the elections.

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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.