Wed.Oct 16, 2024

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Mortgage applications nosedive 17%

Housing Wire

Mortgage applications decreased 17% from one week earlier as mortgage rates surged, according to data from the Mortgage Bankers Association ’s (MBA) weekly application survey for the week ending October 11, 2024. The Market Composite Index, a measure of mortgage loan application volume, decreased 17% on both a seasonally adjusted and an unadjusted basis from one week earlier.

Mortgages 472
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Housing Market Decoded: Can we predict where mortgage rates are headed?

Real Estate News

A range of competing factors are driving volatility in rates, making it harder to forecast their direction — but they're likely to decline further this year.

Mortgages 169
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Reducing risk: Navigating the cybersecurity legal landscape

Housing Wire

In today’s complex digital environment, understanding the legal and regulatory requirements surrounding cybersecurity is crucial for any business. While the need for strong cybersecurity measures is widely recognized, navigating the legal landscape that governs them is equally important. In this article, part of the “ Reducing Risk ” series, we will break down how staying compliant with these regulations can protect your business, your clients, and their sensitive data.

Title 395
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The Benefits of Using Your Equity To Make a Bigger Down Payment

Keeping Current Matters

Did you know? Homeowners are often able to put more money down when they buy their next home.

Equity 213
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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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RealTrends launches real estate agent and team city rankings

Housing Wire

Understanding that real estate housing markets are hyperlocal, the RealTrends Verified City Rankings represent the newest evolution of RealTrends agent and team rankings. These rankings are designed to help top-performing agents and teams highlight their accomplishments within their specific local markets, enhancing their credibility where it matters most — close to home.

Agents 363
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Could portals ‘go full-blown brokerage’ if Clear Cooperation goes away?

Real Estate News

A panel of industry veterans debated the policy and discussed various scenarios for residential real estate should the CCP be repealed.

Brokerage 169

More Trending

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What’s the best business advice you’ve ever received? Pulse

Inman

Share the words of wisdom that have meant the most and had the biggest impact on you as you've built your real estate business.

Brokerage 168
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HUD: A racial divide exists between FHA homeownership and rental assistance programs

Housing Wire

Researchers at the U.S. Department of Housing and Urban Development (HUD) have published a new report identifying the locations of people seeking Federal Housing Administration (FHA) rental and homeownership assistance programs. They found that homeownership program beneficiaries generally live in more affluent, racially homogenous neighborhoods than those seeking rental assistance.

FHA loan 292
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8 steps on the path to greatness for new real estate agents

Inman

Learn the essential steps that pave the way to success in this high-stakes market with insights from luxury consultant Chris Pollinger.

Agents 154
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Keller Williams settles lawsuits involving scrapped changes to profit-sharing program

Housing Wire

The nightmare created by Keller Williams’ decision to make changes to its profit-sharing program appears to be coming to a close. On Friday, Keller Williams and plaintiffs Eric Mendoza and Jack LeVine filed a document with a U.S. district court in Nevada. On Oct. 2, the parties stated that they “finalized the terms of the settlement agreement for this and the other pending claims against Defendant in cases involving plaintiffs represented by the Humphrey, Farrington & McClain firm.

Brokerage 245
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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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DOJ’s data sharing statement has implications for MLSs, associations

Inman

The DOJ's recent statement, made in relation to a lawsuit against pork producers, notes that the sharing of information among competitors could violate antitrust law "even without proof of an agreement to fix prices.

Land 106
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Correspondent lending: What’s in store for the future?

Housing Wire

In this session, experts will discuss mini-corr challenges and opportunities going into 2025, including whether the channel will continue to see market share growth and the latest on warehouse lender risks.

Lending 254
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Would-be homebuyers put off by higher mortgage rates

Inman

Demand for purchase mortgages fell by a seasonally adjusted 7 percent last week, and requests to refinance were down 26 percent as mortgage rates continued to climb, MBA survey finds.

Mortgages 101
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The mortgage M&A playbook

Housing Wire

Speakers: Dan Snyder , CEO & Co-Founder at Lower Brett Ludden, Managing Partner at Sterling Point Advisors Dan Hanson, Executive Director, Enterprise Partnerships & Acquisitions at loanDepot James Kleimann , Managing Editor at HousingWire

Mortgages 242
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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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Brokers envision existential threat to MLS in Clear Cooperation debate

Inman

In a webinar Tuesday, Keller Williams' Jeff Hickey, NextHome's James Dwiggins, Miami MLS's Liz Sturrock and Seven Gables' Mike Hickman clashed over the future of NAR's pocket listing rule.

MLS 96
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Sam Valverde on Ginnie Mae’s reverse activity and HMBS 2.0

Housing Wire

Sam Valverde, the acting president of Ginnie Mae , has overseen the work the government-owned company is currently engaging in to better improve the liquidity situation for the companies involved in the Federal Housing Administration (FHA)’s Home Equity Conversion Mortgage (HECM) program. These include efforts to establish an additional HECM-backed Securities (HMBS) instrument to complement what is currently available.

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$195M Bel-Air megamansion returns to the market

Inman

Built in 1937 by famed architect James E. Dolman, Casa Encantada is considered one of the most iconic estates in Los Angeles and possibly the entire country, according to the property's listing.

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VestaPlus scores partnerships with MLSs in Ohio, Wisconsin

Housing Wire

VestaPlus is gaining more traction with its artificial intelligence -powered compliance system. The company announced that Firelands Association of Realtors in Ohio and Northwest Wisconsin MLS have signed up for CheckMate, the firm’s listing compliance violation detection software. In July, Staten Island MLS and San Diego MLS entered similar partnerships with VestaPlus, and the company now serves five MLSs in total.

MLS 242
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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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Buyer-Agent Commissions Paid, Second Month

BubbleInfo

For two months we’ve been settling in with the new arrangements for paying the buyer-agents. I haven’t heard of any buyers yet who got stuck having to pay their buyer-agent because the seller refused to pay. Undoubtably, there are buyer-agents who were paid a partial fee by the seller and then the buyer made up […] The post Buyer-Agent Commissions Paid, Second Month first appeared on bubbleinfo.com.

Agents 105
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Restb.ai partners with Lundy to deliver voice-driven property searches

Housing Wire

Two artificial intelligence startups are teaming up to make searches through multiple listing services (MLSs) more accessible to the visually impaired. The combined technology of Restb.ai and Lundy will allow users to search listings through voice commands. Restb.ai leverages AI to produce computer vision for the real estate sector, while Lundy provides a voice-driven property search platform.

MLS 242
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Single-Family Permits Higher in August 2024  

Eye on Housing

Over the first eight months of 2024, the total number of single-family permits issued year-to-date (YTD) nationwide reached 685,923. On a year-over-year (YoY) basis, this is an increase of 11.5% over the August 2023 level of 615,453. Year-to-date ending in August, single-family permits were up in all four regions. The range of permit increases spanned.

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Five Star Real Estate’s Paul Carlson offers key tips for leadership and succession planning

Housing Wire

In this week’s episode of the RealTrending podcast , host Tracey Velt sits down for an informative conversation with Paul Carlson, the president of Five Star Real Estate. Carlson explores his early career journey, including insights into how he grew the brokerage. He also explores key lessons he learned as he inherited the president’s seat from his father, Greg Carlson, Five Star Real Estate’s founder.

Brokerage 242
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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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Clear Cooperation: When fiduciary duties clash with personal ethics

Inman

Former Phoenix Realtors President Butch Leiber writes that industry policy must be grounded in promoting and protecting the best interests of clients.

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Reverse industry rep reappointed to role on HUD housing counseling committee

Housing Wire

Carol Dujanovich, senior vice president and director of reverse mortgages at University Bank , has been reappointed to a new three-year term as a member of the U.S. Department of Housing and Urban Development (HUD) Housing Counseling Federal Advisory Committee (HCFAC). The committee is designed to advise HUD “by helping shape the direction of its Housing Counseling Program and providing guidance on how to better serve prospective buyers, homeowners, and renters with their housing needs,” the dep

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How to Lower Your Property Taxes in 2024?

Marco Santarelli

Tired of seeing a huge chunk of your hard-earned cash disappear into property taxes? You're not alone! Lowering your property taxes in 2024 is a goal for many homeowners, and it's absolutely achievable with the right approach. This guide will walk you through proven strategies, from understanding how assessments work to appealing your tax bill and even exploring exemptions you might qualify for.

As-is 93
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Startup Realoq takes on real estate giants with MLS platform

Housing Wire

A new startup wants to help real estate agents get more out of their multiple listing service (MLS). Realoq has launched a MLS platform that features customized branding and direct access to consumers, and the company believes it will provide savings on lead generation. “This new solution is ideal for MLS organizations seeking a more affordable option,” Realoq CEO Anvesh Chakravartula said in a statement.

MLS 242
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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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In its effort to add more supply, Airbnb rolls out co-hosting feature

Inman

Short-term rental leader keeps its sights set on lowering barriers to entry for people who might be interested in offering their homes on Airbnb.

Agents 85
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Reggora says it will cover mortgage repurchase, LLPA losses tied to appraisal defects

Housing Wire

Reggora CEO Brian Zitin said his company is looking to help mortgage lenders by removing the need to manually underwrite most appraisals. Appraisal management software company Reggora is adding a repurchase and loan-level price adjustment (LLPA) warranty to its appraisal review solution. The valuation tech company said it will cover any financial loss associated with a repurchase or LLPA adjustment due to an appraisal defect.

FHA loan 242
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Growing Through Every Step of Your Real Estate Career

RIS Media

Above, Terri Chapman Making your way in real estate is a journey that’s difficult to navigate alone. From becoming an agent to climbing the ladder into leadership, coaching can help guide real estate professionals through every step of their journey, laying the foundation to earn the trust and confidence they need to successfully navigate the… The post Growing Through Every Step of Your Real Estate Career appeared first on RISMedia.

Agents 74
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$6.2 Billion In Potential Savings Slipped Away Last Week—How Should Investors Look at Rates Now?

Bigger Pockets

Anyone who’s had anything to do with real estate has played the “will they or won’t they” guessing game surrounding the Federal Reserve’s decisions about the federal funds rate.

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The 4 Most Impactful Actions to Take in Real Estate in 2024

Strategic real estate professionals know that the name of the game right now is to stay informed, adaptable, and ready to make confident decisions. In this free download, Inside Real Estate CEO, Joe Skousen, shares what he believes are the top 4 most impactful actions in real estate right now. We've been actively engaging with industry experts, analyzing data, and listening intently to the experiences of our agents on the ground.