Thu.Dec 21, 2023

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Busting VA mortgage loan myths

Housing Wire

There’s no higher honor than serving in the United States Military , which I deeply understand as a former Army sergeant. And, like many of my fellow service members, I’ve experienced firsthand the sense of missing out on a significant benefit we’ve rightfully earned protecting our freedoms — the VA mortgage loan — which stands as one of the most powerful tools that our nation’s veterans and active-duty military personnel can use to purchase a home and build long-term financial

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Sell Smarter: Why Working with a Real Estate Agent May Beat Going Solo

Keeping Current Matters

If you're thinking about selling your house on your own, called “For Sale by Owner” or FSBO, there are some important things to consider.

Agents 339
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First American is the latest cybersecurity attack victim

Housing Wire

First American is the latest real estate firm to suffer a cybersecurity incident. Sources told HousingWire the incident occurred Wednesday afternoon, with First American confirming the incident Thursday morning. In a statement on the title company’s website it notes that First American has “taken certain systems offline” and that it is working to resume normal business operations as soon as possible.

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The Ten: New face of NAR meets pivotal moment with confidence

Real Estate News

On stages large and small, NAR President Tracy Kasper is making a compelling push to retake the Realtor narrative and highlight efforts to expand homeownership.

Staging 225
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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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Mortgage rates continue trending down before Christmas

Housing Wire

Mortgage rates stayed below 7% for the second week in a row, a welcome relief after a 17-week streak of above-7% rates. This week’s dip is the largest weekly drop since November 2022. The 30-year, fixed mortgage rate averaged 6.67% for the week ending Dec. 21, according to Freddie Mac ‘s Primary Mortgage Market Survey. That’s down from last week’s 6.95% and up from 6.27% the same week a year ago.

Mortgages 511
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Judge reopens pocket listings case against NAR

Real Estate News

Following a review, Top Agent Network's lawsuit challenging NAR's Clear Cooperation policy — which had been dismissed in 2021 — will be able to proceed.

Agents 227

More Trending

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Cyberattack hits major title insurance firm

Real Estate News

First American Financial is the latest real estate service provider to be targeted by hackers.

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Dovenmuehle Mortgage to lay off several hundred in Illinois

Housing Wire

Dovenmuehle Mortgage , a mortgage sub-servicing company, has informed authorities in Illinois that it will impose a layoff affecting hundreds of employees next year. The company has decided to cut 212 jobs in its Lake Zurich site starting on Feb. 16, 2024, per a Worker Adjustment and Retraining Notification Act (WARN) filed with the Illinois Department of Commerce and Economic Opportunity. “This action is a partial reduction in the company’s workforce at the site above; the compa

Mortgages 434
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Mortgage rates tumble, reach lowest level since June

Real Estate News

For those who can find a home to buy, falling rates will provide significant relief.

Mortgages 245
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Guaranteed Rate’s Kate Amor on a bespoke tech approach

Housing Wire

HousingWire Editor in Chief Sarah Wheeler sat down with Kathryn Amor, senior vice president and head of enterprise products at Guaranteed Rate , to talk about the intersection of product and technology. Sarah Wheeler: You joined Guaranteed Rate in January of 2023. What drew you to that role? Kathryn Amor: Their amazing tech stack was a really important factor.

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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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Title insurer First American Financial is hackers’ latest target

Inman

The nation's second biggest title insurer issues terse statement saying it's taken some systems offline. A ransomware group known as Blackcat, ALPHV or Noberus has infiltrated the computer networks of more than 1,000 victims.

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Property Tax Revenue Continues to Climb

Eye on Housing

NAHB analysis of the Census Bureau’s quarterly state and local tax data shows that $129 billion in taxes were paid by property owners in the third quarter of 2023 (not seasonally adjusted).[1] In the four quarters ending Q3 2023, state and local governments collected $757 billion of property tax revenue—an 11.6% increase over Q3 2022. The year-over-year growth rate of property tax revenue.

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Nest Seekers sues Serhant in CT, adding to string of lawsuits

Inman

The $10 million lawsuit alleges two former Nest Seekers managers stole the firm's commissions, clients, intellectual and other confidential property as Ryan Serhant used "unfair and deceptive trade practices" to launch SERHANT. in Connecticut.

Brokerage 189
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Mortgage Rates Continue Their Fall Below 7%

RIS Media

The 30-year fixed-rate mortgage continued its fall below 7% this week, averaging 6.67% this week, down from the previous week’s dip to 6.95%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: The 30-year FRM averaged 6.67% as of December 21, 2023, down from last week when… The post Mortgage Rates Continue Their Fall Below 7% appeared first on RISMedia.

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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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These 3 keys unlock optimal performance for real estate teams

Inman

Sotheby's agent Nikki Beauchamp offers insights gleaned from "Harvard Business Review" to help you bring out the best in your team, brokerage or professional organization.

Brokerage 180
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How to Get Started in Real Estate Investing (6 Actionable Steps)

Bigger Pockets

Many people dream of investing in real estate, but most never take the first step. If you want to get started in real estate investing, there are six actionable steps you can take today.

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Kanye West asks $53M for windowless home sans electricity

Inman

West has abandoned a remodeling job on the Tadao Ando-designed property after getting sued by a live-in contractor and caretaker in September for allegedly forcing him to work 16 hours per day and sleep on the floor near open insulation.

Design 174
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Help Your Seller Get Out Of Their Own Way

RIS Media

With such high-interest rates pricing some buyers out of the market, any good real estate agent knows that fixer-uppers will just sit in today’s market. But it is not just homes that are clearly in despair or in need of a lot of repairs that are not selling. According to Curbio’s 2022 Home Improvement Report,… The post Help Your Seller Get Out Of Their Own Way appeared first on RISMedia.

Agents 128
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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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23 marketing ideas that make the most of the holiday season

Inman

Marketing and PR expert Molly McKinley offers ways that you can give back to clients and colleagues this holiday season and stay connected to those who matter most in your business.

Marketing 172
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How to Pet-Proof Your Home for Furry Family Members

Coldwell Banker

If you share your home with a pet or two (or five), you know their well-being is a top priority. Along with making a move less stressful for them, learning how to pet-proof your home should be high on the list for responsible pet owners. Read on to know what to look out for and […] The post How to Pet-Proof Your Home for Furry Family Members appeared first on Coldwell Banker Blue Matter.

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Colleen’s AI property management solution automates rent collection

Inman

Colleen’s suite of products address a range of communications and apartment community needs for managers in the multifamily space, including lease renewal engagement, rent submission and other lease term milestones.

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Consumer Confidence Surged in December

Eye on Housing

Consumer confidence jumped to a five-month high as consumers were more optimistic about inflation and the economic outlook. This optimism was primarily driven by slowing inflation, expectations of lower interest rates, and fading fears of recession. The Consumer Confidence Index, reported by the Conference Board, rose 9.7 points from 101.0 to 110.7 in December, the highest level since August 2023.

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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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Rebecca Donatelli is pioneering change in real estate

Inman

In his latest Snapshot, Brandon Doyle looks at how Rebecca Donatelli is moving the industry forward through leadership, mentoring and education.

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The Key to Scoring Discounted Deals in One of America’s Hottest Markets

Bigger Pockets

Remy was looking for rental properties in one of America’s hottest housing markets. He knew picking up one rental property, let alone a multifamily, wouldn’t be cheap.

Marketing 118
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Broker Spotlight: Abel Gilbert, ONEPATH Realty

Inman

Find out how this Miami broker-owner turned a personal connection to homeownership into a passion for brokerage leadership.

Brokerage 183
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A (Nearly) Complete Index of Every Antitrust and Commission Lawsuit (So Far)

RIS Media

It might feel impossible to keep track of them all. With what seems like a new large-scale, high-stakes lawsuit popping up every few weeks, the big picture of legal challenges to the industry continues to grow more complex and convoluted. While it isn’t necessary, feasible or even advantageous for the average real estate practitioner to… The post A (Nearly) Complete Index of Every Antitrust and Commission Lawsuit (So Far) appeared first on RISMedia.

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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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Sprawling waterfront Miami mansion lists for $36M

Inman

The mansion was the home of Fanny and Charles Dascal, a prominent Miami couple who came to the United States from Cuba and founded Continental National Bank.

Banks 153
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Lean FI in 6 Years, Fat FI in 10, and Quitting Your Job The FIRE Way

Bigger Pockets

At twenty-nine years old, Andy Johnson had achieved lean FIRE. He had enough to survive but not enough to make his future family comfortably financially free.

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HomeScout resurfaces with the acquisition of Trinity Oak Partners

Inman

HomeScout, a real estate technology company for agents and mortgage professionals, acquired Trinity Oak Partners, a lead generation service.

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Why Don’t Investors Just Buy Shares of REITs Instead of Rental Properties?

Bigger Pockets

If you’ve thought about allocating some money into real estate, you’ve probably come across two attractive real estate investing options: Both options are very popular, and they each have their […]

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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.