Fri.Mar 08, 2024

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Mortgage rates fall as labor market normalizes

Housing Wire

Everyone was waiting to see if this week’s jobs report would send mortgage rates higher, which is what happened last month. Instead, the 10-year yield had a muted response after the headline number beat estimates, but we have negative job revisions from previous months. The Federal Reserve ’s fear of wage growth spiraling out of control hasn’t materialized for over two years now and the unemployment rate ticked up to 3.9%.

Marketing 511
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The new prime time for sellers? It’s no longer May

Real Estate News

A report from Zillow found that summer can be the most lucrative time to list, but low inventory means rate fluctuations can “make their own seasonality.

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More homeowners feel like it’s the right time to sell: Fannie Mae

Housing Wire

Consumer sentiment toward housing inched higher for a third consecutive month as respondents feel increasingly optimistic about home selling conditions. Fannie Mae ’s Home Purchase Sentiment Index ( HPSI ), which tracks the U.S. housing market and consumer confidence to buy or sell a home, rose 2.1 points in February to 72.8. The full index is up 14.8 points from one year ago.

Mortgages 498
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Steve Harney, an educator, entrepreneur and advocate, has died

Real Estate News

Harney, a top agent, broker/owner and founder of Keeping Current Matters, is fondly remembered as “one of the kindest and most passionate men” in the industry.

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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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‘There will be bank failures,’ Fed chief tells lawmakers

Housing Wire

In remarks made Thursday to the Senate Banking Committee this week, Federal Reserve Chair Jerome Powell said he expects some U.S. banks to fail in the coming months because of declining values and defaults in their commercial real estate loan portfolios. According to reporting by multiple outlets, including The Hill , Powell indicated that the risk is tied to small and midsized banks, and there is no systemic risk to the banking sector posed by the potential collapse of major institutions.

Banks 493
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The Spring Market Is a Sweet Spot if You’re Looking To Sell [INFOGRAPHIC]

Keeping Current Matters

Wondering if now’s a good time to sell your house?

Marketing 334

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Sitzer | Burnett plaintiffs’ attorneys ask for a third of settlement payout

Inman

After five years and nearly 100,000 hours of work, the law firms are asking a federal court for $82 million of the proposed settlements to be paid by Anywhere, Keller Williams and RE/MAX.

MLS 194
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“It seems impossible:” Bergen County, NJ’s housing market is vexing agents and buyers

Housing Wire

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At the height of the pandemic there were bidding wars and all that, but it didn’t seem impossible, but now it seems impossible to get our buyers into homes,” said Heather Corrigan , a RE/MAX Signature Homes agent based in Closter, a boroug

Agents 469
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People on the Move at Christie's SoCal powerhouse and Relevate

Real Estate News

Jamie Duran takes on EVP role at AKG Christie's after three decades at Coldwell Banker; Sheila Dodson to lead consulting, industry relations at Relevate.

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Ginnie Mae contends TCB can’t rely on alleged verbal promises in lawsuit

Housing Wire

Since the original filing of a lawsuit about the extinguishment of a priority lien tied to the loan portfolio collateral of Reverse Mortgage Funding (RMF), Texas Capital Bank (TCB) has argued in court that it was given verbal assurances from high-ranking officials at Ginnie Mae and the Federal Housing Administration (FHA) that its interests would be protected.

Banks 488
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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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4 ways to ensure success as an agent in 2024 and beyond

Inman

Watch Shaun Osher on Inman Access as he shares his yearly success strategies, offering valuable insights and actionable advice to empower you to strive for success this year.

Agents 183
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“Greetings from Missouri!” Millions are finding commission lawsuit postcards in the mail. Agents say it’s an opportunity

Housing Wire

It was mid-February when clients, family and friends began asking Jason Posnick about strange postcards appearing in their mailboxes. Thanks to Lisa Chinatti, the broker-owner at Chinatti Realty Group , he was not completely caught off guard. “Lisa is super on the pulse. She talks with a lot of people, and she announced to our company that this was coming and went through what exactly we should expect,” said Posnick, the sales manager at Chinatti Realty Group.

Agents 461
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15 Instagram accounts agents can learn from in 2024

Inman

Jimmy Burgess shares 15 agents, team leaders and trainers who can help you find the perfect mix of content to grow your Instagram channel.

Agents 182
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Expert says women face unique retirement challenges: CNBC

Housing Wire

Women face a series of challenges that add up to make retirement prospects “pretty bleak,” including issues such as gender pay inequality, longer life spans and a lack of savings based on U.S. Census Bureau data. But Cindy Hounsell, founder and president of the Women’s Institute for a Secure Retirement , said during an event hosted by CNBC that there are ways to adequately prepare.

Equity 468
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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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Steve Harney, legendary Keeping Current Matters founder, dies at 68

Inman

Harney founded Keeping Current Matters in 2007 to help agents and homeowners prepare to navigate the coming financial crisis.

Agents 182
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Title waiver pilot program will have little impact on the industry: Fitch Ratings

Housing Wire

Despite the protests of the title insurance industry, Fitch Ratings does not believe the lender title insurance waiver pilot program for certain refinance transactions announced by the Federal Housing Finance Agency (FHFA) on Thursday will have an impact on title insurer ratings. In an emailed statement, Fitch Ratings attributed this to the relatively narrow scope of the proposal.

Title 460
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Redfin is beta testing its new AI search assistant Ask Redfin

Inman

Ask Redfin, an artificial intelligence assistant for homeshoppers, is now in beta testing on the company’s mobile iOS search experience.

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New Orleans litigator files commission lawsuit against Latter & Blum

Housing Wire

In a lawsuit filed on Tuesday in U.S. District Court in New Orleans, home seller plaintiff Joseph C. Peiffer, a prominent lawyer in the Big Easy, accuses local brokerage firm Latter & Blum of colluding to artificially inflate agent commissions. The lawsuit names the National Association of Realtors and Keller Williams as co-conspirators, but they are not defendants in the suit.

MLS 450
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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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Are you ready to make your brand POP this spring? The Download

Inman

As Inman announces its Marketing All-Stars, it's time to dive deep into all the marketing expertise you'll need to shine bright this spring.

Branding 171
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Opinion: Real estate brokers, you don’t need leaders who are your clones

Housing Wire

The journey to becoming a great leader often hinges on one fundamental principle – helping others discover and embrace their true selves. As real estate leaders, our role is not to replicate ourselves in those we lead, but rather to guide them towards understanding who they are. This journey towards identity goes beyond creating copies of good leaders, and delves more into the realm of nurturing individuality.

As-is 449
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HomeStack is a mobile solution for today’s agent: Tech Review

Inman

Inman's review of HomeStack, a custom mobile app solution for independent real estate brokerages, top-producing teams and tech-savvy agents.

Agents 178
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Ex-Summit executive: I was fired after blowing the whistle on illegal recruiting methods

Housing Wire

A former top executive at Summit Funding has sued the lender, claiming he was wrongfully terminated after confronting the company’s leadership about allegedly illegal business practices involving its founder and president, Todd Scrima. Ex-chief growth officer Brian Mitchell accuses Summit and Scrima of gaining illegal access to confidential information from its competitor Movement Mortgage to poach their employees and take their businesses, according to the lawsuit filed on Feb. 7 in the Superio

Mortgages 448
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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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HomeStack, LiveEasy partner to advance white-labeled solutions

Inman

HomeStack and LiveEasy offer white-labeled applications for real estate agents, vendors and consumers and provide a range of communication functions, home insights and market data. The two have announced a partnership.

Agents 161
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5 tips to upgrade your real estate networking game

Housing Wire

Success in the real estate industry hinges not just on what you know, but who you know. The foundation of this sector is built on trust and relationships. So, networking is about more than just transactions — it’s a crucial practice for building connections that nurture growth and unveil new possibilities. For real estate professionals , turning networking into a regular practice is key to long-term success.

Agents 447
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Matt Beall: Hawaii’s market is ‘extraordinarily strained’

Inman

The Hawaii Life CEO said after pandemic demand and the Maui fires, inventory has been sparse. But he also said the market is finding its way back to seasonality, and philanthropic giving and community involvement are at a high.

Marketing 159
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Why Hometap is betting on the growth of the home equity investment market

Housing Wire

Based on the notion that far too many U.S. homeowners are “house-rich, cash-poor,” home equity investment firm Hometap provides clients with a way to tap into their home equity instead of selling their home or taking out a loan. Hometap, as an investor, provides cash in exchange for a share of their home’s future value. When the home sells or the homeowner settles the investment within the 10-year period.

Equity 453
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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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Lawsuits and leads: Here’s Inman’s Top 5 stories of the week

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 167
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Every Major U.S. City Where It’s More Expensive to Rent Than Buy

Bigger Pockets

Due to higher mortgage rates and elevated prices that have remained near their peaks for the last two years, investors have had to pay closer attention to how much they can cash flow. We crunched the data ourselves and only found a select few markets that have lower prices of ownership than rent, which indicates strong cash flow potential.

Investor 131
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Talking money is ‘a form of protest,’ financial expert Tori Dunlap says

Inman

With 1.9 million Instagram followers and a best-selling book, financial expert Tori Dunlap sits down with Rachael Hite to share how she’s educating women on talking about money — out loud.

Finance 140
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From $0 to $40 Million: How a 10-Year Old Orphan Became a Successful Investor

Bigger Pockets

John Mansor was left a ward of the state at 10 years old. For 15 years, he climbed the ladder to success, all through real estate. Here's his inspiring story, which is proof that it doesn't matter where you come from—as long as you have the mindset to do what needs to be done.

Investor 130
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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.