Fri.Oct 25, 2024

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22 U.S. metros where buying a home is cheaper than renting

Housing Wire

Many renters think they’re saving money by renting, but long term, that might not be true. In some of the U.S.’s largest metros, a monthly mortgage payment is less expensive than the average rent. But there are many factors surrounding affordability—how do city dwellers make this decision? A new report from Zillow Home Loans outlines some key trends and factors for renters to consider when evaluating a home purchase.

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Real Brokerage bolsters agent financial tools, AI-powered tech

Real Estate News

The company announced a number of product updates this week, including the release of its much-anticipated Real Wallet and enhancements to its Leo AI assistant.

Brokerage 261
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Now that interest rates are going down, here’s what to expect for the rest of the year

Housing Wire

The strongest market agitator in the first half (H1) of 2025 is not likely to be either U.S. unemployment or inflation caused by monetary or fiscal policy. Based on the latest readings, inflation is consistently decreasing, reacting as expected to the Federal Reserve ’s interest rate hike campaign that sent mortgage rates higher than they have been since the start of the millennia.

Lending 462
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10 questions every agent should be able to answer

Real Estate News

NAR’s latest consumer guide tells buyers exactly what to ask a prospective agent. Agents should be prepared with compelling responses that play up their value.

Agents 256
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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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Open banking is on the verge of transforming mortgages. Most are unaware of it

Housing Wire

A future glimpse into how mortgages will be created in 2035 can be found in an woodsy office park in Athens, Georgia. FormFree , a mortgage fintech founded in the midst of the Global Financial Crisis by Brent Chandler, is putting the customer in control of their own data, a practice known as “open banking” that could transform lending. The company offers a product called Passport, which analyzes financial data provided by customers, such as banking history and recurring payments, to

Banks 450
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Debunking Scary Myths About Buying a Home

Keeping Current Matters

There are a number of scary myths about homebuying in today’s market. Here’s what you need to know.

Marketing 264

More Trending

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People on the Move at Premier Sotheby's, Coldwell Banker

Real Estate News

Long & Foster exec named president of Florida's Premier Sotheby's International Realty; veteran brokerage leader now Atlanta regional VP for Coldwell Banker.

Brokerage 164
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Zillow, Realtor.com join forces to share 3D home tours and interactive listings

Housing Wire

Zillow and Realtor.com have agreed to share 3D home tours, interactive floor plans and photo listings between both platforms, the real estate portals announced this week. The new partnership will let real estate agents share immersive listings with potential clients on both platforms, boosting visibility and simplifying the home search process for buyers.

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Beetlejuice mansion opens for haunted tours on Airbnb

Inman

The three-hour “Haunt the Beetlejuice House” tours will be available from Nov. 16 to 27, with booking open until Nov. 4. Each tour accommodates up to six guests, who must be 18 or older, with any accompanying guests aged 13 and up.

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Unison argues in court that its equity sharing agreement is not a reverse mortgage

Housing Wire

In prior conversations with HousingWire ’s Reverse Mortgage Daily (RMD), leaders of equity sharing companies contend that their products are different from reverse mortgages largely because they are not debt-based instruments. But a court case playing out in the U.S. Court of Appeals for the Ninth Circuit features plaintiffs who argue that they are — at least under Washington state law.

Equity 447
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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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CMLS urges NAR to keep Clear Cooperation in new letter

Inman

CMLS CEO Denee Evans argued against the "removal or significant weakening of a policy so critical to the integrity of our housing market" in an open letter to NAR and its members Friday afternoon.

Marketing 172
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Tom Davis shares non-QM opportunities to capitalize heading into 2025

Housing Wire

In this HousingWire Executive Conversation, Tom Davis, Chief Sales Officer at Deephaven , discusses the opportunities in the non-QM investor loan space as we head into the new year. He emphasizes the importance of a diverse product portfolio including DSCR and business-purpose loans, to better serve clients. Davis also highlights Deephaven’s edge in products like their Ground-Up Construction and Fix-and-Flip products, offering originators essential tools and training.

Investor 446
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Luxury real estate is a team sport

Inman

Elevating your brand and providing stellar service to high-end clients, luxury expert Kofi Nartey writes, means becoming the hub of a trusted, supportive service ecosystem.

Branding 169
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Could the NAR settlement be a blessing in disguise for VA buyers?

Housing Wire

Editor’s note: This is the second in a series of articles that will explore the effects of the landmark Sitzer/Burnett case, which was decided on Oct. 31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. As the real estate industry grappled with the fallout of the Sitzer/Burnett jury verdict and eventual settlement from the National Association of Realtors (NAR), a top concern was how changes to the agent commission structure would imp

VA loan 440
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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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Western White House sells for $23M, among highest local sales

Inman

Situated on nearly three acres, the property features 11 bedrooms, 14 bathrooms, a wine cellar, staff rooms—both added during the Elies’ renovation — and a swimming pool. Despite these extensive upgrades, the Elies ultimately found the home too large and chose not to move in.

Sales 167
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Jeff Bell of Uplift talks leadership coaching and tech to ready for the refi wave

Housing Wire

In the latest episode of the Power House podcast, HousingWire CEO Clayton Collins sits down for a conversation with Uplist President Jeff Bell to explore coaching, loan monitoring, recapture strategies and more. These questions and responses have been lightly edited for length and clarity. Clayton Collins: Give us a glimpse into how you’ve developed as a leader in this industry.

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11 transaction-generating strategies primed for success

Inman

It's up to you to make your own luck and find opportunities where others won't look. Jimmy Burgess offers strategies both old and new that are poised to work now.

Agents 174
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Luminate Home Loans to close NEO division

Housing Wire

Minneapolis -based mortgage lender Luminate Home Loans has decided to shutter its NEO Home Loans division, which transitioned to the firm two years ago, the company announced on Friday. The expectation is that NEO will close by the end of February 2025. According to Luminate, the decision reflects, among other things, its “focus on integrating mortgage lending into its core banking services to better serve clients and build long-term financial relationships.

Loans 423
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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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7 new rules of the road for real estate transactions

Inman

In the post-Sitzer-Burnett era, Cara Ameer writes, we must be better informed, better prepared and have thorough consultations with the buyers and sellers that we interact with, to provide them with the best service and advice.

Agents 166
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Startup Novaprime debuts AI-powered loan platform to massively cut processing time

Housing Wire

Mortgage technology startup Novaprime is making its public debut with the launch of an AI-powered loan platform that it claims allows lenders to sell loans to investors in just days, instead of weeks, all with a high degree of accuracy. The platform evaluates the loan purchase eligibility and data quality while also handling document management to help lenders operate effectively and efficiently, said Linus Petrén, Novaprime’s CEO.

Loans 417
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AppFolio acquires LiveEasy for ‘next-gen’ renter experience

Inman

AppFolio, which states its has more than 20,000 property management customers, acquired home management and services concierge LiveEasy as part of its new approach to providing for renters.

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7 IDX websites to beat Zillow + capture more leads in 2024

Housing Wire

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. With hundreds of other IDX websites online, why would a buyer choose yours? And no, “Because they clicked on my ad!” is not an acceptable answer. Not in 2024. Not when the average time buyers spend on real estate websites is less than two minutes.

Branding 402
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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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Redlining settlement wouldn’t resolve 1st Amendment questions

Inman

The CFPB claimed statements made by hosts of Townstone Financial's AM radio call-in show and podcasts discouraged Black Chicago residents from applying for a mortgage.

Mortgages 161
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NRMLA elects new board members, officers for 2025 term

Housing Wire

The National Reverse Mortgage Lenders Association (NRMLA) has elected its board officers and co-chairs for the 2024-2025 term, including a slate of new officers along with both new and returning co-chairs. Mike Kent , senior vice president of reverse asset management and industry relations at PHH Mortgage Corp. , has been reelected as co-chair. This will be his fifth consecutive term in the position, following his first election to the post alongside former co-chair and industry professional Sco

Mortgages 401
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Another lawsuit, free leads, stubborn FSBO: Inman’s 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 152
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Facing heat, Douglas Elliman CEO Howard Lorber is retiring

Housing Wire

Long-time Douglas Elliman chairman and CEO Howard Lorber is retiring. The New York-based brokerage announced Lorber’s retirement on Tuesday. Lorber has served as Douglas Elliman board chairman since 2003. In a press release, the brokerage said that it “extends its deepest appreciation to Mr. Lorber for his strategic vision and years of dedication and hard work that have made Douglas Elliman the country’s premier real estate brokerage firm, setting new standards in luxury service and innovation.

Brokerage 326
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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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With Giraffe360, virtual tours are no longer a reach: Tech Review

Inman

Proptech columnist Craig Rowe reviews Giraffe360, a virtual tour creation and listing marketing solution for real estate agents.

Agents 159
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After Milton, Is Florida Becoming a Lost Cause for Investors?

Bigger Pockets

Not long after Hurricane Milton—the second-most intense Atlantic hurricane ever recorded—as well as Hurricane Helene left a trail of destruction in Florida, construction resumed in flood-prone areas affected by the […]

Investor 109
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Co-Living Could Be the Answer to Office Conversions

RIS Media

The residential real estate market has an inventory shortage, while commercial real estate is experiencing high vacancy rates due to shifts away from in-office mandates. The two birds with one stone solution has been to convert unused office buildings into multi-unit residential buildings. Cities such as Boston have even passed tax breaks to incentivize developers… The post Co-Living Could Be the Answer to Office Conversions appeared first on RISMedia.

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35 binge-worthy shows to haunt your home this Halloween

Inman

These screamers have one thing in common — real estate.

Agents 161
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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.