Housing Wire

JUNE 3, 2024

Mortgage rates decided to bounce back into the 7s this week. We can see an impact in that immediately as home sales are slowing down. These are the homes that go into contract immediately after listing. We also see new pending sales slowing and price reductions ticking up. The most notable thing in the data this week is that, while home prices nationally are still holding a few percentage points higher than last year, home prices have started to decline in a few states — Florida, Arizona and Tex

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Sales Mortgages Marketing As-is 515

Keeping Current Matters

JUNE 3, 2024

With all the headlines and talk about housing affordability, it can be tempting to get lost in the financial side of buying a home.

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Housing Wire

JUNE 3, 2024

Keller Williams Realty has launched a real estate assistant that is powered by generative artificial intelligence (AI) and is trained on the company’s proprietary models, systems, books and training resources. “We are thrilled to bring this AI-powered tool to agents and look forward to its transformative impact on their work,” Chris Cox, KW’s chief technology and digital officer, said in a prepared statement.

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Technology Agents Brokerage Closing 482

Real Estate News

JUNE 3, 2024

MLSs will no longer display offers of compensation, but some online startups say they have workarounds that comply with new rules. The DOJ may disagree.

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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.

Industrial

Housing Wire

JUNE 3, 2024

HousingWire’s 2024 Marketing Leaders award recognizes the most creative and influential marketing minds in the housing economy. This year’s winners have demonstrated exceptional creativity, strategic thinking, and the ability to adapt in a rapidly-evolving landscape. Their innovative campaigns have captivated audiences, elevated brand visibility, and ultimately driven measurable results.

Marketing 482

Marketing Branding Mortgages MLS 482

Real Estate News

JUNE 3, 2024

York Baur will remain on the board of directors, while Eric Elfman, a tech leader from outside the real estate industry, moves into the top role.

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Industrial 211

Real Estate News

JUNE 3, 2024

Keller Williams launches AI assistant; Houston Association of Realtors partners with RentSpree; Detroit's Realcomp MLS adds Lundy voice tech.

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MLS 200

Housing Wire

JUNE 3, 2024

Roof AI , an artificial intelligence -powered sales assistant that helps real estate and mortgage companies generate revenue across their business units, announced the integration of OpenAI ’s technology into its system, significantly boosting its capabilities. At the heart of this innovation is Roof AI’s sales assistant, which is now powered by advanced large language models (LLMs).

Technology 461

Technology Sales Pre-approval MLS 461

Inman

JUNE 3, 2024

Inventory shortages challenge buyers, but new construction, boosting sales by nearly 14 percent, offers opportunities for professionals. Learn how to confidently compete and seize these opportunities.

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New Construction Construction Sales 189

Housing Wire

JUNE 3, 2024

Mortgage subservicer Dovenmuehle Mortgage announced two promotions within its business development team this week. Anna Krogh was named senior vice president and director of business development, while Chris Torres is the new vice president of business development and manager for the Western region. Krogh joined Dovenmuehle in 2022 from Associated Bank in Chicago.

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Mortgages Development Banks Technology 438

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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.

Brokerage

Inman

JUNE 3, 2024

Eric Elfman previously founded Onit, which focuses on artificial intelligence and workflow automation. Former MoxiWorks CEO York Baur is remaining on the company's board.

Technology 183

Technology Industrial 183

Housing Wire

JUNE 3, 2024

The Consumer Financial Protection Bureau (CFPB) is creating a public database to identify nonbank financial companies that violate consumer laws, aiming to avoid recidivism trends. On Monday, the U.S. consumer financial watchdog announced that it finalized a rule establishing the new registry. It requires lenders caught violating consumer law to report certain final agency and court orders and judgments, including consent and stipulated orders.

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Due diligence Banks Mortgages Lending 443

Inman

JUNE 3, 2024

As the summer housing market heats up, more homes are becoming available, suggesting eased competition. However, rising prices and seven percent mortgage rates are making it tough for many buyers to afford a home.

Mortgages 173

Mortgages Marketing 173

Housing Wire

JUNE 3, 2024

MoxiWorks , a real estate technology platform for agents , announced Monday that longtime CEO York Baur will be stepping down as CEO and Eric Elfman will replace him. Baur will remain on the company’s board of directors. Elfman will lead all aspects of the company. His focus will be ”improving the agent experience in MoxiWorks and accelerating the development of a modern platform for agents and brokerages of all size, leveraging the power of AI,” the company stated in a news release.

Technology 434

Technology Brokerage Equity Agents 434

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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.

Agents

Inman

JUNE 3, 2024

The interactive chatbot draws on Keller Williams' proprietary models, systems, books and training resources to answer agents' questions and assist with content creation.

Agents 182

Agents Technology Brokerage 182

Housing Wire

JUNE 3, 2024

The cyberattack that crippled First American Financial ‘s systems in late December affected a total of 44,000 individuals, according to filings submitted to regulators on Friday. In an 8K disclosure submitted to the Securities and Exchange Commission (SEC), the title insurance firm said the company’s investigation of the incident has concluded, although few additional details were provided.

Title 437

Title Mortgages Finance Technology 437

Inman

JUNE 3, 2024

Nesthook claims it allows agents to "communicate commission amounts while remaining fully compliant with settlement requirements." Whether it runs afoul of the new rules remains unclear.

MLS 175

MLS Agents Technology Brokerage 175

Housing Wire

JUNE 3, 2024

Unlike other real estate professionals who have hopped between brands and companies, Amy Lessinger has spent the vast majority of her nearly three-decade-long career at RE/MAX. During her 26 years at the firm, Lessinger has been an agent, a team leader and a broker-owner before ultimately being named president of RE/MAX in February 2024. HousingWire recently caught up with Lessinger to discuss how she is using all of her experience and knowledge of RE/MAX to help her in this newest leadership ro

Branding 425

Branding Agents Industrial Design 425

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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.

Agents

Inman

JUNE 3, 2024

Led by Jeffery Biebuyck and Dana Olmes, the team has closed $2 billion in lifetime sales and is ranked No. 4 in Los Angeles and No. 20 in California among medium teams, according to Real Trends.

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Closing Sales Brokerage Agents 166

Housing Wire

JUNE 3, 2024

After falling out of favor due to their role in the 2008 housing crash, adjustable-rate mortgages (ARMs) have gained popularity over the past few years. In a tight market with low inventory and higher interest rates, many homebuyers take out ARMs because they carry lower rates for an initial period of fixed interest and amortize over a 30-year term.

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Closing Industrial Loans Principal 418

Inman

JUNE 3, 2024

While teams are not for everyone, team leader Carl Medford believes teams and their agents stand a good chance of coming out ahead as market changes are enacted on Aug. 17, 2024.

Agents 164

Agents Marketing 164

Housing Wire

JUNE 3, 2024

A study commissioned by the U.S. Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. Released late last year, the study examined three core elements of HECM program effectiveness between 2000 and 2020.

Loans 405

Loans Equity Sales Mortgages 405

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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.

Sales

Inman

JUNE 3, 2024

Anita Legacy Blue, president of the 2024 LGBTQ+ Real Estate Alliance, writes that Pride Month presents an opportunity for the community and allies to support each other.

Brokerage 166

Brokerage Agents Marketing 166

RIS Media

JUNE 3, 2024

Buying a home involves multiple steps, including providing an earnest money deposit. This deposit is a sign of good faith between the buyer and seller. It indicates the buyer’s commitment to purchasing the property. However, losing this deposit can be a significant financial setback. I will guide you with the following information so you don’t… The post How to Avoid Losing Earnest Money Deposit When Buying a Home appeared first on RISMedia.

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Earnest money deposit Inspection Finance Industrial 144

Inman

JUNE 3, 2024

Buyer pipelines have been shrinking, agents told Inman in the latest Intel Index poll. A new metric unveiled today by Intel sheds light on the trend and aims to answer when it might turn around.

Agents 157

Agents Brokerage Marketing 157

Bigger Pockets

JUNE 3, 2024

While golden visas are sunsetting or significantly changing around Europe, there are still a few opportunities for Americans to buy international real estate, to live in or rent out, at […]

Marketing 129

Marketing 129

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Brokerage

Inman

JUNE 3, 2024

Affordability continues to create challenges for would-be buyers, keeping renters in place for longer, according to a new report from Redfin.

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Bigger Pockets

JUNE 3, 2024

If you are a new investor with limited capital, having the misfortune of renting to a bad tenant in a tenant-friendly state can cripple you financially and put you off […]

Investor 127

Investor 127

Inman

JUNE 3, 2024

To sell luxury properties on Florida’s Southwest Coast is to participate in one of the world’s most vibrant and exciting real estate markets.

Marketing 160

Marketing 160

NAR: Economic Outlook

JUNE 3, 2024

Built-for-Rent Housing Starts Continue to Increase Built-for-rent is the concept of new single-family home construction for the intent of renting, a possible solution for people not yet ready to buy.

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Construction 128

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.

Agents