Wed.Jul 03, 2024

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Falling Upwards: The Art of Failing Forward in Real Estate

RIS Media

As real estate agents, you face countless challenges and obstacles in your journey to success. It’s easy to get discouraged when things don’t go as planned, but here’s something every agent should consider, regardless of how long you’ve been an agent: Every failure is actually a stepping stone to greater achievements. This is the essence… The post Falling Upwards: The Art of Failing Forward in Real Estate appeared first on RISMedia.

Agents 124
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HUD translates 19 mortgage documents into five languages to broaden accessibility

Housing Wire

The U.S. Department of Housing and Urban Development (HUD) on Wednesday announced that it has released five new language translations for 19 separate single-family mortgage documents used for Federal Housing Administration (FHA)-insured mortgage servicing. The new translations — which are available in Chinese, Korean, Spanish, Tagalog and Vietnamese — are accessible from FHA’s language access webpage and are designed to “assist lenders, servicers , housing counselors , and other FHA program part

Mortgages 448
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Homeowners Gained $28K in Equity over the Past Year

Keeping Current Matters

If you own a home, your net worth has probably gone up a lot over the past year.

Equity 355
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Mortgage applications dropped as rates moved higher last week: MBA

Housing Wire

Mortgage applications declined by 2.6% on a seasonally adjusted basis during the week ending June 28, according to data released Wednesday by the Mortgage Bankers Association (MBA). The trade group cited upward movement in mortgage rates as the key reason why. According to HousingWire ’s Mortgage Rates Center , the average rate for 30-year conventional loans was at 7.12% on Wednesday, up from 7.06% a week earlier, while the 15-year conventional rate rose from 6.70% to 6.96% during the same perio

VA loan 435
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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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Move sues CoStar, alleges employee ‘spied’ to boost Homes.com

Real Estate News

Realtor.com’s parent company claims an ex-employee logged into its systems “at least 37 times” and “stole confidential business information” to benefit CoStar.

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Agents ‘have to show up’ in post-settlement world

Real Estate News

Hard truths emerged during a talk about real estate’s future: Consumers expect more, and agents will have to “work harder for less money” to prove their value.

Agents 284
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Anthropomorphism and AI: Dialing back the fear knob

Housing Wire

As humans, we love projecting our emotions on non-human things like animals, objects and weather events. I’m told the psychological term for this is anthropomorphism, which is difficult to say three times super fast. We especially seem to label human-like characteristics for things that we can’t fully understand or have no means of explaining – like my first car had a ‘bedtime’ since it would always break down at 2 a.m. in the middle of nowhere.

Lending 435
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Mortgage rates back up after 4 weeks of declines

Real Estate News

With average rates approaching 7%, it’s still a tough housing market — but there are signs it may be easing.

Mortgages 284
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Canada’s leading reverse mortgage lender has a new CEO

Housing Wire

Toronto-based HomeEquity Bank (HEB), Canada ’s leading reverse mortgage lender, announced that Katherine Dudtschak has assumed the role of CEO following the retirement of her predecessor, Steven Ranson. Ranson announced his retirement earlier this year, effective June 30. Dudtschak assumed the CEO responsibilities the following day after preparing to take the top spot starting this past May. “With Katherine’s extensive experience across the financial services industry and with develo

Mortgages 434
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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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Homebuyer mortgage demand dips, breaking 3-week streak

Inman

Mortgage rates are on the rebound despite encouraging inflation data, as Fed policymakers warn "higher for longer" rate strategy will remain in place until they see more conclusive evidence the economy has cooled.

Mortgages 197
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Howard Hanna named in new homebuyer commission suit

Housing Wire

After being voluntarily dismissed from the Batton 2 homebuyer commission lawsuit in early March, things were looking up for Howard Hanna Real Estate Services. But the brokerage firm is once again finding itself under fire after homebuyer plaintiff Scott Davis filed a suit against the firm’s parent company, Hanna Holdings , on May 31. The suit was filed in U.S.

MLS 426
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RE/MAX picks up hundreds of agents in Ontario, Canada

Inman

An independent brokerage and a former Century 21 franchise just switched affiliations to RE/MAX. The moves come during a time of intense competition for talent.

Agents 193
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The health of this housing market: Comparing 2024 data to 2011

Housing Wire

Today’s housing market suffers from affordability issues due to mortgage rates in the 7s and high home prices. People are quick to panic over any part of the housing market that looks stressed, fearing we’ll see 2008 levels of destruction all over again. But while home sales are trending at the lowest levels ever when adjusting to the workforce, we have some very positive housing data lines in 2024 compared to the stressed housing markets of past years.

Marketing 385
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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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EasyKnock juggling lawsuits, regulators in multiple states

Inman

Sale-leaseback platform tells NPR civil lawsuits in Texas and other states are "meritless" and that it's cooperating with attorneys general in Massachusetts and Michigan.

Sales 190
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Move sues CoStar over alleged theft of trade secrets

Housing Wire

Move Inc., the parent company of Realtor.com , is suing CoStar Group , the parent company of rival Homes.com , over the alleged theft of portal data and documents. In a complaint filed on Tuesday in U.S. District Court in California, Move alleges that James Kaminsky, a former employee who now works for CoStar, stole trade secrets to help fuel the rapid growth of Homes.com.

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2024 Inman Innovator Awards finalists unveiled ahead of ICLV

Inman

Awarded since 1998, the Inman Innovator Awards honor the thought leaders making new visions of real estate a reality. Winners will be announced live at Inman Connect Las Vegas, July 30-Aug 1.

MLS 157
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NYSE moves to delist FOA warrants from the exchange

Housing Wire

The New York Stock Exchange (NYSE) on Wednesday announced that the warrants of Finance of America , traded under the ticker symbol “FOA.WS,” will be delisted from the exchange. The class A common shares traded under the “FOA” ticker symbol, however, will continue to be traded. “Trading in the warrants will be suspended immediately,” NYSE stated. “Trading in the Company’s Class A common stock — ticker symbol FOA — will continue on the NYSE.

Principal 345
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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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Realtor.com parent sues CoStar Group, claiming theft of portal data

Inman

"Competitors should never be allowed to cheat and steal to get ahead," Move, Inc. attorneys claim in a new suit alleging an ex-Realtor.com employee maintained access to the data while at CoStar.

Brokerage 154
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Housing affordability reaches lowest point in more than three decades: First American

Housing Wire

Affordability in the housing market is as bad as it’s been in more than three decades — and relief isn’t coming this year. That’s the conclusion of First American ’s Real House Price Index (RHPI) report for May, which shows a 9% year-over-year decline in affordability. The increase in the RHPI was driven by 5.9% growth in nominal home prices and a jump of 0.6% in the 30-year fixed mortgage rate compared to a year ago.

Mortgages 344
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M&A executive jumps from Anywhere to Lamacchia Realty

Inman

Massoud Atallah joins the New England-based brokerage that has its sights set on rapid expansion. "We are 100 percent on offense," Lamacchia told Inman.

Brokerage 151
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FHA updates tech portal to accommodate new appraisal policy

Housing Wire

The Federal Housing Administration (FHA) this week announced that its FHA Connection (FHAC) portal — which provides FHA-approved lenders and business partners with secure online access to computer systems at the U.S. Department of Housing and Urban Development (HUD) — will be updated to accommodate the implementation of a new Reconsideration of Value (ROV) policy for appraisals.

Equity 334
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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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9 ways to build unbreakable trust with your prospects and clients

Inman

Now more than ever, creating a positive perception around the service you provide is essential. Jonathan Pressman offers nine ways to make sure your brand is synonymous with integrity.

Branding 148
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9 Surprisingly Hot Markets Where Investors Can Still Find Affordable Short-Term Rental Properties

Bigger Pockets

These under-the-radar markets still have plenty of affordable inventory and could be potential goldmines for short-term rental investors.

Investor 134
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Keller Williams adds 4 new executives to its ranks

Inman

Keller Williams has appointed four new executives for its commercial, coaching and philanthropy divisions. KW President and CEO Mark Willis said the new hires are committed to bolstering "shared success and growth.

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My 1031 Exchange Property Is Listed. Here’s How I’m Managing the Clock.

Bigger Pockets

After six months, Liz's personal property is on the market and the 1031 exchange process is almost set.

Marketing 130
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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.